Real estate investors are always looking for the markets that are poised for growth and price appreciation. A well-know housing market research Company has identified 10 markets where they see continued, steady, dependable growth. Top 10 Most Promising Housing Markets Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity. These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says. Whatever the future holds for the […]
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Bank Owned Auctions
November 14, 2008 in RESIDENTIAL R.E., Step 08: Expand Your Finding System
Hopefully all of us as investors have an aggressive strategy for finding potential deals. I have people asking me all the time if they should be looking here or there for properties. My answer is almost always yes. I tell people to look anywhere they possibly can for potential deals with the understanding that they should always be looking for motivated sellers. Banks are typically motivated sellers and, in my opinion, are increasingly becoming more motivated because of the sheer numbers of properties going into foreclosure. Typically banks hire real […]
Options When Facing Foreclosure
November 12, 2008 in RESIDENTIAL R.E.
Continuing with the theme from my last blog post, I thought I’d post a thought on actually working short sale deals. When working short sales a big part of your job will be educating the seller or homeowner you are assisting on the entire foreclosure process. I particularly like the seven options mentioned in the note below that homeowners have when facing foreclosure. Laying out these options to sellers and homeowners will give them a clear picture of their options and lend credibility to you as an investor/buyer. How to […]
Short-Sales Getting Easier?
November 11, 2008 in RESIDENTIAL R.E., Step 03: Do Strategic Planning
Foreclosures are sky-rocking, we all know that, but what is happening to all these homes? According to Dataquick, in California alone in the 3rd Quarter of 2008, over 94,000 homeowners went into default. 94,000 in a THREE month period in California alone. This is a staggering number. Many of these homes become great potential short-sale deals. If you have ever pursued a short-sale you may be rolling your eyes thinking “yeah right, good luck getting the bank to respond to you, let alone accept your offerâ€?. While that may be […]