5 Tips for Real Estate Foreclosures
June 30, 2008
Guidance outlining 5 tips for real estate foreclosures. Theres an old saying: money is made when you buy, not when you sell. And its true in today’s somewhat softer real estate market. Finding deals in real estate foreclosures can be tricky. There are many hurdles that you have to work around, over, and through to get the best deal. Some may have some preconceived perception that you are making money off of other’s persons misfortunes. In reality, the misfortune has already occurred. They wanted/needed to sell their home. They didn’t. And now they REALLY want to sell their home (or the bank wants to get out from under the deal). Either way, you are helping them take care of their situation.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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