High-End Home Bargains In Your Backyard – Forbes.com
“Get Your Property SOLD!” shouts Grand Estates Auction Co., a luxury real estate Web site. It’s an exhortation that might appeal to the scads of middle-class homeowners on the brink of foreclosure.But attention-grabbing fire-sale promises like this are also being directed to owners of multimillion-dollar homes, many of whom are faced with foreclosure or unaffordable carrying costs in the down market. In 2009 18,817 properties worth $1 million or more went into foreclosure–162% more than in 2008, according to data from RealtyTrac.
Ever considered investing in high-end luxury real estate? It’s no secret that there are some great deals out there right now, and that definitely includes high-end real estate. Many higher end Colorado Springs homes for sale offer exceptional value for current asking prices…and that includes new-builds as well. And even if you aren’t interested in buying distressed property, many owners of high end real estate are looking to downsize to smaller homes. And this means great opportunities for those needing more space families and home offices. With the housing market just beginning to recover, now is the perfect time to start shopping and capture those good deals before they disappear.
