Real estate infos

Archive for August, 2010

How To Get The Best Foreclosure Deals In This Buyers Market And Sub-prime Meltdown

As you may know the foreclosure market is hot right now. More and more home owners are failing to meet their loan obligations and consequently more properties are going into foreclosure. The subprime market has melted ARM loans are adjusting and property values decreasing. That means big opportunities for you so let me reveal how to get the best foreclosure deals…

The first thing to realize is that you’re not the only property investor on the lookout for a bargain. Just like you other foreclosure investors are likely scouring the foreclosure listing sites looking for a potential investment. But if you take the competition into account and plan your strategy accordingly you can get the deals you want.

For example it’s crucial that you act fast. Ideally you want to be the first to locate a promising property. That’s why you really want to try and snap up a property in preforeclosure before it gets to that stage in the foreclosure process where it must be sold via public auction or trustee sale. Therefore you should be monitoring the latest notices of default listed with the relevant county recorders.

If you’re one of the first to identify a possible investment property you have the chance to contact the home owner first. Having said that don’t expect to be the only one contacting them. They will likely receive a bunch of letters phone calls and personal approaches from other potential buyers.

So how do you stand out? You try a different approach! This might be a creative mail piece and follow up phone call. Try mailing something that is bulky so the envelope is fat and lightweight or send lottery tickets. Or an audio CD or a bunch of flowers. There are lots of ideas to get their attention. Think about it…what would get YOUR attention if you were them?

Whatever you do be genuine not gimmicky. Being genuine and credible is crucial for establishing trust. Which brings me to the next point…

Most home owners going through foreclosure are not only experiencing a lot of stress but are probably unfamiliar with the foreclosure process. If you can be someone who helps them through this distressing time you’ll have an advantage over everyone else. To this end be open and helpful and readily provide them with your background information and credentials in order to build trust.

This is a people business. You don’t talk to houses. People sell their houses and people are emotional beings. The better you relate to them the more successful you’ll become because you are associating yourself to them at an emotional level. This is even more true during their foreclosure situation when they need sympathy empathy and someone to understand them.

The next step is to value the home. If you’re not fully familiar with the area and the kind of property you’re looking at you may wish to hire a professional appraiser or local real estate expert to assist you. Whether you do it yourself or hire an expert understanding the market value of the property is crucial for getting the best possible deal.

Finally to get the best deal you need to persuade the home owner that it’s in their best interests to sell the property to you. Often that’s true they are more likely to get a better deal if they sell at preforeclosure than at a foreclosure auction. Having said that it’s a good idea to educate them on their options and explain how the deal you’re presenting is likely to help them more than if they sell to someone else or let the foreclosure proceedings continue.

Some of the things you might mention are that by selling to you the home owner will avoid foreclosure save their credit history and get paid for their equity. Of course you need to make sure the deal works for you too… none of this is worth it unless you’re confident you can make the return you want!

Besides educating them on the process your success will be exponential when you educate yourself constantly. The ebook http://www.ForeclosuresUnleashed.net contains complete information to help you along in your foreclosure investing. Consult the rich information in that book along with other foreclosure products that can help you.

About the writer:  Robert Lam is a fulltime investor and author of http://www.ForeclosuresUnleashed.net and teaches beginner intermediate to experienced investors across the world how to profit from real estate. There’s a free gift available for the investor at http://www.ForeclosuresUnleashed.net.

How To Find Rentals For Your Holiday Home

In May 2006 I bought my first holiday home south of Orlando in Florida. We decided to buy in Florida because of the proximity of the theme parks and the good weather all the year round.The reasoning was that we could use the house a few weeks a year ourselves and then rent the house out for a good proportion of the rest of the year.

When we bought the house the sales agent assured us that we would have no trouble in renting the house out and that he in fact had many clients already doing the same thing with good occupancy records.

When we had completed on the house we started to look around for rental agencies to help find us bookings and also manage the house in our absence. The first that shocked us was the fees that the rentals company wanted for managing our holiday home and if that were not enough they wanted top heavy extras for cleaning and maintenance. We decided to bite the bullet and give them a go; we waited and we waited but no rentals.

After a few months and several heated telephone calls we were told that they had secured our first rental. Great we thought until we discovered that they had booked them in the same two weeks in the summer that we were going to use the house ourselves.

In fairness to the rental company they did eventually get a couple of rentals but the only problem was that the second rental trashed the house before leaving and their deposit in no way covered the cost of the repairs.

We then decided to take the house away from the rental company and just use it ourselves and rent it to family and friends. This partly solved the problem but we discovered that we still had a shortfall in our running costs and that we needed to bring in some reliable rentals that we could trust to match the short fall.

At first we tried to build a small website of our own and thought that we would be able to secure more bookings in this way. This was before we knew about Search Engine Optimisation key words and web rankings! We had a great small home made site but nobody ever saw it and more importantly we go no extra bookings.

In desperation we began looking at the internet for ways of advertising our holiday home and again quickly discovered that the companies offering the service were all wanting a lot of money to advertise on their sites. That was when I took the bull horns and decided to build a proper holiday home rental site specifically for the private holiday home owner who wanted to rent his home3 out direct to the end user.

I knew that there were thousands of holiday home owners out there who were in a similar position to me and I reckoned that they would jump at the chance to advertise their holiday homes on a professionally built site free of charge. And so that it what I have done; I have built a user friendly free to advertise on holiday home rental site. That way the home owner has nothing to loose; if they get few rentals it has cost them nothing and so they will consider it a bonus. However if they get a lot of rentals they will consider it a complete success.

About the writer:  Andrew Gibson is MD of Direct Holiday Bookings. It is one of the fastest growing on line travel websites. To see an example of why Direct Holiday Bookings is growing so rapidly have a look at Holiday Villas

How To Buy Costa Rica Real Estate

Our team of realtors is here to help you understand how to buy Costa Rica real estate. We have sold many properties to people all over the world. It is our job to show you how to buy Costa Rica real estate successfully. Our team is very knowledgeable of the different international questions that will arise when you are trying to learn how to buy Costa Rica real estate. We will help you obtain the deed in a fast and efficient manner to help you ensure that living in beautiful Costa Rica is sure to be a wonderful peaceful experience.

Buying a home in Costa Rica is an excellent financial investment. Whether you are buying a home for pleasure or as a vacation rental we will help you understand how to buy Costa Rica real estate. We can help you find the property you have only dreamed about owning. Our homes are located on Costa Ricas central Pacific coast where the ocean views are breath taking. With lush green scenery it will be a very peaceful home for you. There are calming waterfalls and beautiful gardens filled with tropical flowers and plants that will add to this retreat lifestyle that has been created here for you.

Showing you how to buy Costa Rica real estate is our job. We are here to answer all you questions. It is our job to help you have a simple and pleasurable home buying experience. Once the buying process is complete you will feel like youve moved into a peaceful sanctuary. We will work hard to make sure this is a smooth and easy transaction to buying you new home in beautiful Costa Rica. Make the move today and contact CrerroFresco.com to find more information on how to buy Costa Rica real estate.

About the writer:  An alluring quality of life experience awaits you at Cerro Fresco an unparalleled Costa Rica Real Estate development located in Jaco Costa Rica.