A lot of people are struggling financially right now due to the downturn in the economy but there’s still plenty of people out there who are smart enough to realize that now is a good time to look for investments. It’s no secret that the key to being successful in any investment strategy is to buy the investment low and sell it high.
Investing in Oregon real estate can be quite lucrative as they the real estate market in Oregon is currently very undervalued. There is a lot of cheap land for sale by owner on the market right now. Smart investors realize that these properties are often able to be purchased for much less then if the land was being sold by a real estate agent.
Many people who have cheap Oregon land for sale are in a position where they really need to make some fast money. What does this mean to the smart real estate investor? Well, what it means is that the asking price is often nowhere near what the actual pricesthat the seller will accept for the property. Some people are embarrassed to make very low offers on properties that people are selling for fear of offending the seller.
The real estate investors who are able to get the very best prices on the properties that they buy realize that the worse that can happen is that the seller can refuse the offer. If you start very low with your offer, you still have some room to negotiate and still get a very good deal on the property.
In a lot of cases you’ll be surprised that the offer will actually get accepted. The real estate market is in what’s called a “buyer’s market” right now meaning that buyers can really name their price. There are many more sellers then there are buyers and therefore sellers can’t afford to be too particular since they may not get another offer.