Monday, June 2, 2008

Short Sales Vs. REO's

If you are reading this I am sure you are well aware of Short Sales and REO properties and the effect they are having on the market.

LET THEM HAVE A POSITIVE EFFECT ON YOUR BANK ACCOUNT!!!

The stories are endless..... "I got a $700,000 home for $420,000" ...... " I just picked up a home that closed in '05 for $535,000 and only paid $330,000!!"

These deals are out there, short sales are EVERYWHERE!!! But don't let the short sale "medusa effect" influence you and your investing decisions. Short sales are long, drawn out processes that can go no where quick. The main strategy in Real Estate Investing is speed, you need to be able to act quickly and efficiently. Short sales unfortunately do not work well with this strategy. What they do work well for is helping to "sell your offer". Use the short sale comps to evaluate your offer on REO properties and get these "QUICK CLOSE" properties at the same price with less hassle!!

When everyone is scrambling for the next best investment strategy it's time to shake and bake, zig zag, razzle dazzle. THINK OUTSIDE THE BOX!! Believe in your strategy and MAKE IT WORK.

THE NUMBER ONE ADVANTAGE OF SHORT SALE CLOSINGS IS OUR ABILITY TO PURCHASE NON-SHORT SALE PROPERTY AT A SIGNIFICANT DISCOUNT!!

REO property is the way to go, they already own the home.....are no longer strategizing on what offers to accept to offset the loss on the first mortgage and only want FAIR MARKET VALUE.. Fair market value is now down, why? Yes, short sales!!! Use others losses for your gain!! Investment 101...

If you are ready to take advantage of this market you need to act yesterday!!!

REO and Corp owned property is the way to go people!! Get off the short sale train and invest with your brain!!!