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May 04, 2012 at 11:16 AM EDT
REAL ESTATE UPDATE: Bethesda Estate Services Assists in Financial Recovery of Homeowners
The real estate market has shown signs of recovery, but significantly low priced properties remain on the market. MSNBC explores these bottom dollar deals, which Bethesda Estate Services works to improve through estate liquidation.
MSNBC contributor Bill Briggs writes, "The housing market is rebounding in fits and starts, with sales of existing homes up about nine percent over year-earlier levels, bolstered by record-low mortgage rates." But many of these home sales are sparked by more than just favorable interest rates. Low prices have infiltrated many of the country's cities, as is evident by Yonge's purchase.
Steve Berkowitz, the CEO of Move Inc., commented that he wasn't surprised by how many extremely cheap properties had hit the market. Many of these properties, he notes, were foreclosed upon and involved in long bank transaction processes. Although these properties may seem like a wonderful investment up front, he warns buyers to be wary about such deals. Before jumping into a purchase, he encourages them to take a look at the community and any housing recovery plans that are in place. Furthermore, he cautions buyers to keep in mind that high-density areas are often best for real estate investments, as they are closer to jobs.
Although these low prices are fantastic for buyers, they wreak havoc on the financial security of sellers--especially those who have put a great deal of equity into their homes and, due to the housing bust, are now unable to recover their investment. To help ease the financial blow of selling at a lower price, many are turning to estate sales.
Bethesda Estate Services helps estate owners liquidate their belongings. In doing so, they often make thousands of dollars to put toward a new home, retirement, or other purchase. As the real estate market continues to grow, estate sales also experience a boom in business due to the needs of moving families.
Bethesda Estate Services is an estate sale company that provides planning, execution, and clean out for each of its clients. This wide range of services has benefitted many clients, as the estate sale professionals virtually eliminate the stress that estate owners experience during the event--which, traditionally, is a very stressful process. The strategies applied to different estate sales are personalized, based on the items up for sale and the interest of local and other buyers; however, the organization locates, organizes, prices, sells, and disposes of all items involved in a sale. Through this comprehensive service, Bethesda Estate Services alleviates the emotional and physical toll that estate sales can take. Additionally, through connections with personal collectors and antique dealers, the organization has the potential to draw a diverse crowd.
To learn more about Bethesda Estate Services, visit www.bethesdaestateservice.com.
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