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Real estate investors who purchase distressed and foreclosed properties are helping to boost the housing market in South Florida and across the U.S. despite a drop in sales in the third quarter of 2014.Superior Home Solutions, Inc., the premier real estate investment firm for distressed properties in South Florida, today announced that investors are continuing to bolster the overall housing market in this area. Figures released by the National Association of Realtors and published in Forbes Magazine earlier in the year indicate a third-quarter downturn in the purchase of existing homes, including distressed and foreclosed properties.
Despite this national trend, the role of investors in renovating and restoring these properties has had a positive effect on neighborhoods hard-hit by the collapse of the housing bubble and the economic difficulties that resulted from that major event.
Vacant homes can become dilapidated or unsightly over time. These properties can also present attractive targets for vagrants and can allow unsavory elements to gain a foothold in previously stable and attractive communities. This can reduce home prices in the area and speed the decline of these neighborhoods. Mike Vigil, CEO of Superior Home Solutions says, "Attracting investors to these areas can be a win-win situation for neighborhoods and for individuals looking for rehab properties to restore and resell or rent." Mike goes on to say, "There are many neighborhoods in the Miami area that would be completely run down and an eye sore if investors hadn't infused cash into those areas and fixed up those homes for new homeowners".
Distressed and foreclosed properties present unique opportunities for investors. By rehabilitating these properties and preventing them from becoming eyesores, investors can realize significant profits while improving the neighborhoods that surround these homes. This positive impact can increase home values in affected areas, allowing homeowners to enjoy increased equity and higher sale prices for their homes. Companies like Superior Home Solutions are providing support for homeowners in restoring communities to their previous vibrant conditions.
By purchasing these properties, Superior Home Solutions provides a way out of an untenable situation for homeowners on the verge of losing their homes to foreclosure or for owners of properties in need of serious repairs. The homes can then be rehabbed and resold to owners who will care for and maintain them in a way that preserves both their financial worth and the property values of houses in the same area.
About Superior Home Solutions:
As a leading real estate investment firm in North Miami, Superior Home Solutions, Inc., purchases distressed properties in the South Florida area and restores them to produce profits and to assist communities in maintaining their positive home values. By purchasing these homes for cash, Superior Home Solutions can also provide added help for homeowners who are facing possible foreclosure or who are underwater on their current mortgages.
Contact Info:
Name: Mike Vigil
Email: Send Email
Organization: Superior Home Solutions
Address: 225 NE 90th St El Portal, FL
Phone: 305-751-6010
Website: http://www.WeBuySouthFloridaHomes.com
Release ID: 72406