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March 4, 2009 [15]

www.kirklandreporter.com

REAL ESTATE KIRKLAND

Your guide to Real Estate and home buying & selling

Struggling Market? Now Is the Time to Buy

(NewsUSA) - Maintenance costs are up, home values are falling and states are seeing more foreclosures than sales. But terrible times for homeowners make for terrific investment opportunities. Why? The market sees constant ups and downs. Buying when the market’s high means greater upfront costs. And because the market cannot rise indefinitely, property investors must constantly watch for the bubble to pop. In a down market, the question is not “if,” but “when” the market will improve. If investors can buy properties at rock-bottom prices, they can afford to maintain the home until the market improves. At that point, the investor can sell the home both to recoup their buying and operating costs

and to make a profit. Some companies are looking to profit on the down housing market. Deer Park Development Corporation, a Nevada-based company, is purchasing foreclosed homes in Arizona, Nevada, California and Florida, some of the areas most affected by the down market. Nevada, for example, sees more foreclosures than any other state; million-dollar properties can be bought for half their building costs. Between May and June, Californian banks foreclosed on 40 percent of the homes on the market. Deer Park Development Corporation’s agents and brokers draw on 35 years of experience; they have seen down markets before, so they can easily identify promising properties. When Deer Park Develop-

ment Corporation finds a home that it wants to acquire as an investment, it works with the homeowner or bank to purchase the home at a 50 percent discount. But the company does not profit at homeowner’s expense. It negotiates with homeowners so that people can rent their homes after the sale. When the original homeowner’s lease expires, Deer Park Development Corporation allows former homeowners to repurchase their properties for a predetermined price. In this way, the company invests in the down market while also helping down-and-out homeowners. Currently, the company is searching for investors. For more information, visitdeerparkdevelopmentcorp.com.

Foreclosures Open Up New Market (NewsUSA) - To some, the current real estate market looks dismal. A weak labor market, rising mortgage rates and high energy prices have caused many American homeowners to lose their properties. To others, the real estate markets looks ripe for investment. Deer Park Development Corporation, a company with over 30 years of experience in the real estate market, has developed a new approach for investors hoping to purchase and resell foreclosed properties for profit. Foreclosed houses sell at lower prices, helping investors buy properties with less money upfront. In the past, housing prices reflected overinflation; as the market evens out, the mortgage crisis might actually help stabilize home prices. Marty O’Malley, CEO of Deer Park Development Corporation, noted that the current real estate market represents a once-in-alifetime opportunity for the astute buyer. “With one in every 360 homes in foreclosure nationwide, the opportunity to buy distressed property at significant discounts to their original appraisals is extensive,” said O’Malley. “In Clark County, Nev., one in every eighty homes

put our knowledge ON YOUR SIDE

Gary Penitsch

Teri Lane, ASP

gpenitschs@cbbain.com

terilane@cbbain.com

is in foreclosure, and on top of those statistics, one in every two homes is underwater, meaning that it’s not worth the amount of money owed on it.” With this amount of inventory on the market, there are situations out there that present themselves as profitable ventures. Not all of the foreclosures are money-making deals, but with experience, professional investors know when and what to buy, so they can make successful ventures. Being an individual investor in the real estate market can be a dangerous proposition for the inexperienced. But investors, in tying themselves to a group of experienced real estate players, can use experts’ hard-earned knowledge to turn a profit in the down real estate market. “Allowing individual investors to participate in ownership through direct partnership creates a risk-free vehicle for foreclosure players to work with,” said O’Malley, For additional information, visit Deer Park Development Corporation’s Web site at deerparkdevelopmentcorp.com or contact Capital Group Advisors at 954-297-0706.

CBBain.com/homes

206-595-5591

425-602-4165

Rose Hill Short Sale!!!

$760,000

Seattle View Condo

BRAND NEW 5 BR, 2.5 BA home on an 8500 sq ft lot! Main floor hardwoods, cherry cabinets, stainless appls, slab granite, main floor den, plus bonus rm up! Fireplace in romantic master suite, jetted tub, custom tilework! 3-car garage! Fully landscaped yard with sprinkler sytem, too! Bank approved sale! Hurry! #29016358

$249,950

Live the Urban Lifestyle. South slope Queen Anne, Close to all of the cities activities. This end unit features 1 bedroom, 1 bath, 2 parking places, workout room, and extra storage. Spacious view patio lets you live outside as well. Call to see today! #29018459

Rich Whitehill

Erin Allen, ASP

richwhitehill@cbbain.com

erinallen@cbbain.com

206-715-7070

425-260-4318

Lodge Living Off Market

$1,488,000

Builders personal mansion, 5100 sf of beams, granite & real hardwoods, 3 floors of fun, huge master, BA & walkin, fully finished basement, copper clad wet bar, etc, & all the living area amenities you would expect, plus a few more surprises, butlers pantry, 10x10 garage door for boat storage, 17000sf lot, MIL #28160297

Taste Of The Mediterranean

$1,610,000

Spectacular Spanish revial retreat on 9 acres overlooking Puget Sound & the Seattle Skyline. Orchestrated elegance in every detail. Wine cellar, library, courtyard, fountain & more. #29019788 188523

Kirkland Real Estate March 2009  

Your Guide to Real Estate home buying & selling

Kirkland Real Estate March 2009  

Your Guide to Real Estate home buying & selling

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