US Property Foreclosures in Michigan Very Interesting with Investors ...

Well knownmagazine, The Economist has said that propertiesin the USA are currently being sold on average 22% below theprice-to-rent ratio.

Numbers based on extensivehousing statistics from 1975 to 2011 indicatethe fact that there is a lot of roomfor future capital appreciation for investors who buy while the marketis slow.

Since the USA?sproperty crash in 2006, a lot of investors have been interested in US property foreclosures and various buy-to-let properties in theUSA due to the low cost of property with many investors buying US property foreclosures at a bargain price.

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With mortgages unobtainable for many people due to large requireddeposits and the rising amount of foreclosed properties,the rental market is currently experiencing aboom in many states where prospects and employemntare picking up like Michigan for example.

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Writing with caution, the magazine also said that house prices may take a further dipover the next 12-18 months.

If the house prices to dropfor a short time before bouncing back then a lot of investorswould suggest that this dip time would be the prefect time for peoplelooking for a long-term investment to purchase houseswhen they are at the rock bottom prices.

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Since the market peak of2007, the value of properties in the USA has dropped on average by 34%.

But it?s not all doom and gloom for the USA propertymarket, according to the Detroit Free Press, both house sales and median prices of property in Detroit saw an increase in September due to increased sales activity throughout thesummer.

The newspaper also reported an 8.2% rise in sales from 4,222to 4,568 in September, with median prices rising by 10% from $68,000to $74,900 across Metro Detroit. In Wayne County alone, property sales roseby 1.6% from 1,776 to 1,804 in September. Median property sale prices also sawa rise with an increase of 8.8% from $40,000 to $43,500.

For investors interestedin buy-to-let Detroit property now is a great time to start seekingthe right house and with a range of US property foreclosures available at auction a lot of investors are acquiring good bargains.

However most of the foreclosureshouses will need to be refurbished. Some propertyinvestment companies have made it easier to find and acquire good Detroit property investments and provide completeinvestment packages, supplying houses in desirable neighborhoodsthat have been refurbished and are already let to long-termtenants meaning instant income for investors.

If you are interested in taking advantage of the currentbelow market value prices of properties in the US and specifically US propertyforeclosures, and property for sale in Michigan then contact ExperienceInternational call +44 (0) 207 321 5858 or email enquiries@experience-international.co.uk?

Source: http://www.nancyshouse.org/158-us-property-foreclosures-in-michigan-very-interesting-with-investors.html

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