Canton, MI, December 23, 2011 --(PR.com
)-- Bart Patterson of RE/MAX Classic in Canton has earned the prestigious Certified Investor Agent Specialist™ (CIAS) Designation, having completed extensive training to provide solutions and expertise to real estate investors.
“For decades, investing in real estate has proven to be a consistent and stable way for individuals to build wealth,” Patterson said. “Real estate investment supports a number of industries, including construction, retail and professional services, and is a strong way to energize and increase investment in our local economy.”
Over the past 12 months, investment and second-home properties comprised more than $300 billion in sales, representing approximately 27 percent of all residential real estate transactions. In addition, in market conditions affected by mortgage industry challenges, 48 percent of investors made all-cash purchases.
“As markets face the challenges of distressed properties and a difficult economy, real estate investors have the opportunity to find productive deals while helping communities stabilize,” Bart said. “Investors provide much needed liquidity to the market, decrease vacancy rates, improve neighborhoods, and present solutions for homeowners who need to sell.”
As a seasoned professional with the CIAS Designation training, Patterson will help area residents build wealth through real estate investment, and homeowners facing foreclosure find potential buyers for their properties.
Today, millions of homeowners are either delinquent on their mortgages or in the foreclosure process. One potential solution for homeowners in this situation is a short sale, in which the lien holder accepts a sale price of the home that is less than the mortgage amount owed. Increasingly, real estate investors are facilitating this solution.
“When it comes to properties that actually end up in foreclosure,” Patterson added, “up to 30 percent of them can’t close conventionally. Investors are often the only ones who can buy them.”
RE/MAX Classic is a Customer Service driven organization dedicated to providing a highly educated collaborative environment for which their agents can provide the highest quality services in helping their clients with the largest financial decisions in their life while remaining competitive in the real estate market.