Foreclosed and Distressed Investment Properties in Rabat, Morocco
Rabat is the capital city of Morocco, and sits at the mouth of the Bou Regreg River, opposite the city of Salé in, and further is located on the Atlantic coast in the north-western part of the country adding to the attractiveness of the location.
Rabat is home to a large number of foreign embassies and diplomats, which is a major element in the real estate market that supports demand for luxury homes and apartments, and therefore luxury property investment potential.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.