Short sales have been generating a hot buzz nowadays. And the hottest buzz is the profits earned in short sales. Short sales are when a home owner decides to sell because he/she is behind in payments and instead of going through with a foreclosure; the lender accepts a lesser amount for the home. What follows is that the seller avoids a completed foreclosure. The bank then cuts their losses quickly and the investor is able to buy a property for less than retail.
According to one real estate investor, the current financial environment is a call for creative action to real estate investors out there. Never before, have there been more foreclosures in real estate than there are right now. Houses are selling cheap.
Motivated sellers are around every corner because there are so many people who must sell now. For the perceptive real estate investor, this is a great opportunity for more sales and more profit. Finding motivated sellers and properties below market value is the first goal in real estate investment.
With short sales, you can create instant equity by discounting debt lender. The rise in foreclosure rates in the country makes it an expanding market. Strong credit score or huge amounts of cash is not needed making this a low risk investment. And lots of education and resources are also available.
However, flood on investors and gurus are pouring in and high organization skills and patience are required for it takes a long time for a deal to be completed or closed. Average time would be 2-10 months. Also changes with bank procedures can directly affect your business and dealing with the banks and their loss mitigators can be a real pain.
To get ahead in the business, you have to know the strategic advantage in the business. Know when to buy and know when to sell. Learn from the best short sales education courses and learn the 7 guarded secrets most real estate investors will never know about how to get rich in today's market. - 15790
According to one real estate investor, the current financial environment is a call for creative action to real estate investors out there. Never before, have there been more foreclosures in real estate than there are right now. Houses are selling cheap.
Motivated sellers are around every corner because there are so many people who must sell now. For the perceptive real estate investor, this is a great opportunity for more sales and more profit. Finding motivated sellers and properties below market value is the first goal in real estate investment.
With short sales, you can create instant equity by discounting debt lender. The rise in foreclosure rates in the country makes it an expanding market. Strong credit score or huge amounts of cash is not needed making this a low risk investment. And lots of education and resources are also available.
However, flood on investors and gurus are pouring in and high organization skills and patience are required for it takes a long time for a deal to be completed or closed. Average time would be 2-10 months. Also changes with bank procedures can directly affect your business and dealing with the banks and their loss mitigators can be a real pain.
To get ahead in the business, you have to know the strategic advantage in the business. Know when to buy and know when to sell. Learn from the best short sales education courses and learn the 7 guarded secrets most real estate investors will never know about how to get rich in today's market. - 15790
About the Author:
An expert in short sales, Jeff Kaller has over 10,000 dedicated students who have made money in real estate. To learn how you can make money in a declining economy, in as little as 9 days, visit Jeff Kaller's site and become his protege!