Monday, August 29, 2011
The Market Improves for Irene Survivors
Perfect time to check out those flood prone homes for good deals. If the basements are dry after this weekend's rains, they'll probably always be dry. If they're wet and require flood insurance, you may save enough to flood proof it and still make a profit.
We wrote about this strategy over 4 years ago and the advice applies now more than ever since interest rates may never be lower and sellers have never been more motivated.
If you're thinking of selling and your basement stayed relatively dry, this may be the ideal time to enter the market.