We all know the number of homes going into foreclosure is skyrocketing. What happens to all these houses that go into foreclosure? Many are sold at the foreclosure auction or Sheriff Sale but the majority of them are not selling at the auctions and are being repossessed by the bank. The banks or lending institutions then attempt to sell them on the open market typically through a real estate agent. The problem the banks and lending institutions are facing is the sheer volume of properties that are being repossessed. They […]
Archive | RESIDENTIAL R.E. RSS feed for this section
Population Growth and Real Estate Prices
September 3, 2008 in RESIDENTIAL R.E., Step 05: Analyze Opportunities
Real estate prices by-and-large are driven by simple economics – supply and demand; the greater the demand for real estate the higher the price. Population growth in any area will almost always have a positive impact on real estate values. Growing areas with a growing population will almost always be accompanied with job growth and these are all strong positive indicators of a healthy real estate market. As the country’s population grows so does the demand for housing and as the Census Bureau reports the U.S. population is expected to […]
Buyers in the Driver’s Seat
September 3, 2008 in RESIDENTIAL R.E.
Buyers are in the driver’s seat and sellers are paying the price. The competition among home sellers is fierce and sellers have to be increasing flexible with buyers to sell their properties. This means we as investors need to be aggressively chasing after deals and making offers to sellers. We are not always going to know how motivated sellers really are and the only way we can know is by making offers. It is a great time to be a real estate investor. There are more motivated sellers and more […]
“Buy With No Money?”
August 25, 2008 in RESIDENTIAL R.E.
Can you invest in real estate with no money? The answer is No. Contrary to what you may have heard, when investing in real estate you have to have money or at least access to money. There is no such thing as buying real estate with no money. The good news is it doesn’t have to be your own money and this is why real estate is such an attractive business and investment. So as an investor, you need to make sure you have access to good sources of capital […]