In all the confusion and chaos foreclosures have brought with them, they are also creating the right time for people to invest in their new home.

Many Realtors and agents opine that buyers would like to look at such homes when they are intending to make a good purchase. Donale Bernarding, a broker with CyBer Realty, a firm with 30 agents says that they are trying to put forth the positive side of the current market situation. They have started a tour of showcasing homes to the buyers in the range of $150,000 to $400,000.

State Department of Labor Licensing and Regulation, compiling data from RealtyTrac stated that the county of Anne Arundel foreclosures add 1,122 homes from January to September 2007. It is a 383 percent increase when compared to 2006.

CyBer Realty is trying to create awareness among buyers to take advantage of this situation and helping them plan on avoiding foreclosures as well. The company has already conducted three seminars in February this year for buyers, both first-timers and others looking for property purchase. People attending this seminar were given a pre-qualification letters which served as their ticket for the bus tours conducted.

Rebecca Cymek, an associate broker and the company’s manager said that they would ideally like people to buy some properties but they are also educating people on foreclosures. She also said that the market is good to make purchases as there are too many sellers and buyers can get many costs waived off on their deals.

Anirban Basu, an economist with Sage Policy Group in Baltimore County, also agrees that this is the best time to invest in real estate purchases. He also says that this time the sellers are very open to negotiation and buyers stand a better chance to bring prices further down. Buyers can then either rent out their properties or resell them at higher prices later on.

Industry sources say that people during the boom period bought homes they could afford in the long run and many others face tight economic situation due to increase in living costs. Both of these have attributed to the looming foreclosure situation.

Mr. Basu advises that people should look at a foreclosed property like any other regular property. The property needs to be of clear title and should be of sound structure. With so many options available, buyers should find exactly what they are looking for, he opines.

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