Make A Lucrative Investment Deal through the Purchase of Raleigh Foreclosed Homes- By: Fiona Livnat
For home buyers looking for profitable real estate investment options in North Carolina, Raleigh foreclosed homes offer the most lucrative deals in the housing industry. Due to the large number of foreclosures that have taken place in this city, the real estate prices have come down to unbelievable rates which have made these properties highly viable for investors and home buyers alike.
Purchasing a property through Raleigh foreclosed homes makes for a very profitable investment option due to a wide range of benefits. One of the prime reasons that make these foreclosures highly lucrative is their reduced asking prices which are currently quoted at 30-55% below their actual market worth. As Raleigh foreclosed homes are primarily available in some of the most favored residential areas in the city, investors can resell these properties at a wide margin and earn a considerable profit in the bargain.
Another distinct aspect of Raleigh foreclosed homes which make them a great bargain deal is that the North Carolina Housing Bureau(NCHB) is running a series of Home Buyer’s Assistance Programs through which first time buyers can receive financial incentives as well as counseling in order to identify the most suitable foreclosures in the city. The NCHB is also running a similar scheme for low income families who can buy fixer upper homes available under Raleigh foreclosed homes at highly discounted rates.
The city has been consistently ranked as one of the ideal residential destinations to raise children and has some of the best neighborhoods in the country which includes the progressive communities of New Hope, Cameron park, Five Points as well as Wilders Grove. As these neighborhoods have a very promising real estate value and are backed up by the regions flourishing economy, buying a reasonably priced property through Raleigh foreclosed homes makes for the best investment decision that can be made by home buyers as well as investors.
Apart from its friendly neighborhoods and various housing projects another reason which makes the city a great residential destination are the wonderful tourist attractions which reflects the regions unique culture as well as vibrant population. The booming tourism industry is also a prime reason which makes buying a property through Raleigh foreclosed homes a great real estate investment. Some of the popular attractions in the city include the Mordecai Historical Park, The North Carolina Museum, the Progress Energy performing centre as well as the famous Joel Lane House.
As the city is located in a great climate belt, with moderate summers and winters it has been favored as one of the best retirement destinations. The presence of a very active Veteran’s Housing Association, various senior support services as well as the city’s low crime rates have made the region an extremely popular relocation hub.
Now that you are aware of the various selling points of Raleigh foreclosed homes, go ahead and look up a suitable property and make a great investment deal today.
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Fiona Livnat is an author with expertise in Raleigh Foreclosed Homes. She has over ten years of experience in writing about foreclosures. Her commitment to help people is reflected in her writing. For more information on FHA Foreclosures in Raleigh please visit ForeclosureDatabank.com