Distressed properties in St Louis MO were flying off the market around 2010-2012 not only in the St. Louis, MO. area but in many markets in the U.S.
This was due to the near market collapse of 2008 and by real estate investors buying at this time it indicates the beginning of a recovery.
The Effect Of Buying Distressed Properties In St Louis
Cash buyers were coming in droves to buy distressed properties in St Louis and it will continue until inventory levels taper off which it will.
But some investors will still find distressed properties consistently and cash buying investors will want to get of hold to the best deals like these.
In many areas like Saint Louis County, investors REALLY want to buy because they can get a property at a discount and in a great location as well.