Jan
26
Posting Properties to Your FREE Investor’s Web Site
Posted By: Ramon Rivas on January 26, 2011 at 3:08 pmPosting Properties to Your FREE Investor’s Web Site
If you liked the video, a quick comment down below is greatly appreciated. Thanks for watching!
In this quick video I show you how to post properties For Sale By Owner to Your FREE Investor’s Web site included in your subscription.
I want to thank you for taking time to review this information. Please send me a quick comment below, I want to know your opinion about the article. Also, you can always subscribe to receive updates when articles like this are published.
Xima USA provides the best and most accurate foreclosure and pre-foreclosure information, data, and statistics available, making it a valuable resource to invest wisely Xima USA offers you everything you need to profit from foreclosure investing. It is your one stop destination to search for foreclosed homes, foreclosures Florida, properties with positive equity, short sale, pre-foreclosures or distressed homes. It creates comprehensive property comparison reports in a specific area, giving you a very powerful tool when making or negotiating an offer. XimaUSA is mainly geared towards real estate brokers and investors, and the main purpose is to identify the best investment properties. You are able to search for properties with 30%, 40%, or even 50% equity, and identify possible short sales. You can also identify distressed sellers and FSBOs, so you may easily get those hot listings.
All this information is collected from many different sources and presented to you in one place, in a very easy format. This will give you the ability to get MLS listings information, public records, mortgage, pre-foreclosure and foreclosure details, you can get comparables of active listings, closed sales and rentals. Best of all, you can customize and print reports, mailing lists and labels for easy mailings.
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Oct
04Foreclosure Homes Auctions: Strategies For Success
Posted By: Ramon Rivas on October 4, 2010 at 8:54 amBy: Joseph B. Smith
One of the best times to invest in foreclosures is to take advantage of foreclosure homes auctions. These auctions provide many exciting opportunities for the buyer especially those who look forward to seeing a lot of different options from which to select their properties. When a defaulting borrower fails to make current his obligation to the bank or lender, the latter would then try to sell the property in a public sale in order to recover its money. Since banks would be aiming for a quick sale of these properties, it is not uncommon to find foreclosure homes that are truly priced way below their actual market values.
Strategize Your Entry
Of course, joining foreclosure homes auctions is not an easy task particularly to those who have yet to experience one. The good news is you can actually learn it in an easy manner and in a short time. By researching how an auction is conducted, one can have a good idea on how to participate. An auction is a special event that has its own set of rules that a participant must follow to be able to bid. It would be thus helpful if you know these rules so that you can conform to what is required in the event.
One good strategy is to attend an auction first without bidding. Your goal here is to primarily just observe how everything works in an auction. Observe the people, bidders, auctioneer, the bid amounts and the properties being sold. Interact with the bidders and subtly ask questions that may help you when your time comes to bid. It would be a good thing if you can do this at least three or four times before you join one yourself. In this way, you become familiar with the whole process and confident to bid on your own.
In addition, researching the properties before the conduct of foreclosure homes auctions is a good strategy. This means that you can build a list of properties that you are going to bid for based on the results of your research. In this way, you will avoid wasting time and opportunity at the bidding event itself. When you have a list of foreclosure homes that you are confident about, you will never have to worry about going home unsuccessful.About the Author
Joseph B. Smith has been educating buyers on the finer points of foreclosure homes auctions at Foreclosure-Auction.net for over five years. Contact Joseph B. Smith through Foreclosure-Auction.net if you need help finding information about foreclosure homes auctions.
(ArticlesBase SC #3379214)
Article Source: http://www.articlesbase.com/ – Foreclosure Homes Auctions: Strategies For Success
| Filed Under: Articles , Foreclosures Tagged with Advantage Homes, Amazon, Auction, Auctioneer, B Smith, Banks, Bid, Bidders, Find Homes, Foreclosure Auctions, foreclosure homes, Foreclosures, Market Values, Money, Obligation, Participant, Short Time |
Sep
30How To Use Foreclosure Lists To Your Advantage
Posted By: Ramon Rivas on September 30, 2010 at 5:53 pmBy: Joseph B. Smith
Of course, finding the best property that will work for you as an investment is always challenging and can be tricky at most times. Using foreclosure lists can immensely solve this dilemma especially if you know how to properly use them. It takes some level of competence, knowledge and skill to make these lists work to your advantage.
Source It From The Best
The first and foremost thing that you should remember when choosing a foreclosure list to use is to find the best source for them. The cardinal rule is that the quality of foreclosures that you get depends on the quality of your foreclosure lists. It follows, therefore, that you should also ensure that your lists are sourced from only the best. This means that you should only rely on lists providers who can deliver their promises, know how to handle data, and appreciate the value of accurate and updated foreclosure information.
A good foreclosure listings provider is backed by a team of highly-competent individuals who know where to get the best data and handle them for the optimum use of their client. These people ensure that you get the right information at the right time. Avoid providers that exhibit haphazard presentation of foreclosure lists and are constantly late in their updates.
Wield It Like A Pro
When using foreclosure listings, try to see beyond what are merely written on the list. Observe the prices and locations of the foreclosed properties and try to examine if there is some sort of pattern which you can use to either identify good deals or avoid hidden pitfalls. For example, if you see a list of too many foreclosed properties that are contained in a single location or neighborhood, you may want to think hard whether you want to buy a property amid a whole lot others that are all vacant and foreclosed. This information can also give you a hint to research more about the area and why many homeowners there have defaulted. If you can develop an analytical mind when browsing through these lists, you can definitely gain foresight on which properties present the best deals.
About the Author
Joseph B. Smith has been educating buyers on the finer points of foreclosure lists at ForeclosureListingsNationWide.com for over five years. Contact Joseph B. Smith through ForeclosureListingsNationWide.com if you need help finding information about foreclosure lists.
(ArticlesBase SC #3379458)
Article Source: http://www.articlesbase.com/ – How To Use Foreclosure Lists To Your Advantage
| Filed Under: Articles , Foreclosures Tagged with Advantage, Amazon, B Smith, Cardinal Rule, Competence, Competent Individuals, Dilemma, Foreclosure Information, Foreclosure List, Foreclosure Listings, Foreclosure Lists, Foreclosures, Good Deals, Hidden Pitfalls, Neighborhood, Optimum, Presentation, Promises, Right Time, Whole Lot, Work Source |
Sep
10The Low Down on Distressed Properties for Sale
Posted By: Ramon Rivas on September 10, 2010 at 11:27 amThe Low Down on Distressed Properties for Sale
By: Joseph B. Smith
Distressed properties for sale can be purchased for up to fifty percent of their market price, and therefore could be monetarily beneficial to real estate investors who buy, modernize and then lease out or resell. These properties can be especially attractive to home buyers with background in building or construction or even those who have ties to the construction industry.
What to Consider
Distressed properties for sale are occasionally known as fixer upper homes, and usually demand purchasers to make comparatively cheap repairs. Consequently, the houses can be bought at significantly reduced rates. One major consideration when it comes to distressed properties are their locations. If the master plan is to purchase these cheap houses and resell them to turn a profit then you have to play on the other strengths the property may have. Location is definitely a big come on for buyers so before committing to buy a distressed property, make sure you have scouted the neighborhood and the general area of the property. Make sure that there are business and employment opportunities as well as schools, hospitals and other social services. The level of livability is a way to strengthen the value of your distressed property and increases its chances to attract buyers.
Distressed properties for sale can either be an apartment complex, a family house or a condo. A buyer needs to be clear on what type of property they wish to purchase and renovate for resale. One can gain a lot of insights on distressed properties from an online foreclosure listings service. This service will have a comprehensive and up to date list of distressed properties across the country. If you subscribe to this service, you can design your search according to what is important to you. These sites will also compute your mortgage and provide the main contact persons you can get in touch with for your purchase. These sites will also provide education on the requirements for purchasing distressed properties for sale.
About the Author
Joseph B. Smith has been educating buyers on the finer points of distressed properties for sale at ForeclosureDeals.com for over ten years. Contact Joseph B. Smith through ForeclosureDeals.com if you need help finding information about distressed properties for sale.
(ArticlesBase SC #3236556)
Article Source: http://www.articlesbase.com/ – The Low Down on Distressed Properties for Sale
We are real estate investors and work extensively in the pre-foreclosure market. Many times sellers are financed 100% or close to it and there is no deal to be had so we try to negotiate with their lender to do a short sale or short payoff. As part of the process the lender needs a BPO to determine fair market value.
What is a BPO? A Broker’s Price Opinion is a market value assessment usually performed by a licensed real estate agent or broker. These are most often done on properties that are in foreclosure. A lot of times when the property is not sold before or at auction, the BPO that did the opinion will get to list the property. Sometimes it can be a full time appraiser looking for extra work that may do the BPO. Because of the fact the agent may eventually get a listing they tend to sometimes give a high appraisal.
Now realize that market value generally assumes a home in great shape needing no repairs. 90% of retail buyers will not buy a home that needs any repairs. Many lenders will not finance a home that needs wood replaced or roofing done.
What is a Drive By? A drive by consists of a BPO going to the house and stopping in front, taking a picture of the outside and driving off. They never get out of the vehicle, never to see the inside or any damage or repairs needed on the property. Comparable sales, past appraisals and tax records will be used to determine the value of the home without taking needed repairs into account. A lot of houses have good curb appeal, once you step thru the front door it’s a different story. We have had the BPO agent miss the fact that a tarp was on the roof to stop the rain from coming in the house because the holes in the roof were on the back of the house and the agent never stepped out of their vehicle.
How can I get an accurate BPO Appraisal? Be there early. Bring pictures and the list of repairs from your first visit. Develop rapport and become best friends with the appraiser. Do your homework on the neighborhood. Look for true comps. Example: If you are looking at a stucco home and the rest of the neighborhood is brick. You can’t find true comps. For future reference if you are in a mid to high humidity area, get a moisture test on the stucco and bring the results with you.
How can I keep from being a victim? Arrive 45-60 minutes before appt. Do not allow the home owner to greet the BPO instead of you. Stay where you can see the road. If you see a vehicle pull up and stop, jump out and holler politely,” Would you like to see the inside of the home”? To make the experience better for yourself and the BPO offer help. Tell them what you have found. Don’t take it personally if they don’t want help from you. Do your homework. Don’t let the homeowner show them around as they will try to point out nice things. Your job is to point out the flaws of the house and drive the appraisal down. Make sure the lender knows you are the point of contact for the BPO agent and to contact you to set up the appointment for the BPO. The pictures that you took on the first visit need to be printed out; if digital take them to a kiosk that makes prints. Have 3 copies made. Put two to a piece of paper, go with colorful construction paper, yellow is a happy color, go to your local office supply store and get printable file folder labels. In detail tell what’s wrong in the picture. Give the BPO agent 1 copy. Let them know what you have found wrong with the house or yard. Give them a repair list. Any true comparable sales you have found within a 5 mile radius will also help. Always pick the lowest comps. You will document a lot more problem area’s with the house than the BPO will see. This will be the difference of making 30k or 5k on a house.
