Rising foreclosure and bank owned home inventory in the Cincinnati and Northern Kentucky area is bringing out bargain hunters and first time homebuyers, according to Cincinnati real estate agent Sandy Bakst.

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Online PR News – 21-May-2011 –Cincinnati, OH - Rising foreclosure and bank owned home inventory in the Cincinnati and Northern Kentucky area is bringing out bargain hunters and first time homebuyers, according to Cincinnati real estate agent Sandy Bakst.

According to Bakst, professional investors pick up many of the distressed property bargains within days or hours of coming on the market, but he says there is plenty of inventory for individual homeowners to choose from as well.

"The high number of bank owned properties on the market along with historically low interest rates has really made for some amazing deals for buyers. In a few years, a lot of people will be regretting that they didn't buy right now."

He says the double benefit of low prices and low interest rates has attracted many first time homebuyers to the market who would otherwise be unable to afford to buy a home. He also notes a third benefit of buying bank owned property; that banks usually want to close on the property quickly.

"I have seen banks offer some exceptional deals in this market, because they are not in the business of owning property. They would much rather loan money on the home than own it, so they have an incentive to unload their Cincinnati real estate inventory."

"It's hard to see why anyone wouldn't want to take advantage of the high inventory of bank owned Cincinnati homes for sale. It's the opportunity of a lifetime for a lot of potential buyers."

For more information, please contact:

Sandy Bakst
Keller Williams Advisors Realty
3505 Columbia Parkway
Cincinnati, OH 45226
513-315-9295

http://www.sandybakst.com/
http://www.cincinnatiohiohomesforsale.net/
http://www.northernkentuckyhomesforsale.net/