Right now a rehabed house in the Inland Empire of California is a hot item. There are multiple offers and very little inventory. The supply is low and the demand is high and many houses are selling for over their list price. Hard to believe but it is true. The government in their infinite wisdom has constricted the inventory by placing moratoriums on foreclosures while at the same time encouraging buyers with a multitute of incentives. Lurking in the wings are a slew of forclosures. Do a flip before they hit and you can hit a home run.
Jun 22, 2009