Warning: Further difficulties to get homes available under $200,000!!!!
Investors are now tapping the market of starter homes; homes that are under $200,000 and purchase by first time homebuyers.
What this means is that, under a multiple offers situation, an investor will, most likely, beat a homebuyer that needs financing, because of being able to buy cash and “without” an appraisal.
Trust your Avangard Agent and proceed diligently and with caution.
Antonio Matarranz