Posts from December 7th, 2009
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7
Investors Scramble To Snap Up Property - Commercial Appeal, Memphis, Tennessee
By Tom Bailey, Tom Bailey Jr.
Posted December 5, 2009
Story Link: http://www.commercialappeal.com/news/2009/dec/05/investors-scramble-to-snap-up-property/
Anyone looking for a killer deal on houses for investment and rental income better be poised to swoop down like a hawk on a squirrel.
"If there is an absolutely great deal out there, the market is dynamic in that it finds it almost instantly," said Craig Knox, a Crye-Leike agent who specializes in listing foreclosed properties that lenders are trying to sell.
"More than one person figures it out," Knox said. "You underprice something, even in this market, and people will flock to it."
"This market," of course, is a buyer's market.
The mass of homes upon which lenders have foreclosed has created more supply than demand.
...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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