The prices of real estate is plummeting except for three locations in the US. That being said, it seems that the future of real estate investors looks dim. However, if you look at it closely, real estate is still being bought and sold. You just have to learn to adapt to the real changes that are happening to survive or even thrive in the current market situation.
There's a rule that investor follow that says that money is made in the buying, not in the the selling. This applies for any real estate property like in Fairfax VA real estate. Money is made in the buying.
That means that if you purchase a Northern VA real estate at a low enough price, you have a good prospect to earn handsome profits. There are many houses for sale in Fairfax VA real estate. This is good for the real estate investor.
There's new trend called flipping that allows investors to make money on quick sales. The profit is less than what you would normally make in standard deal but the fast turn around makes up for it. You can use this method in earn money in Fairfax VA real estate.
If a homeowner can no longer afford to pay the mortgage, it would be better for him to sell the house and pay the bank with the proceeds than to let the house be closed for auction and still owe money to the bank. It is a terrible situation to be in but this is the sad truth.
In desperate times like this, you do what have to do. Minimize your loss by selling your house to pay the bank instead of losing your house and still owing money to the bank. Although there is no easy way out, you can choose the most practical mode of action to solve a problem.
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