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Real Estate Investors Bank Foreclosures By Bill Carey

To get your best deals in foreclosure properties follow these tips:

Work with a Real Estate Agent - agents are ready and willing to work with investors, remember that agents expect to do business now dont drag them all over town wasting their time and your time. Be ready to buy. Some commissions are as low as 1.5% that's $375.00 to an agent on a $50,000 property which is normally $750.00 not much income after all the hoops the mortgage companies will make them jump through.

Top Agents In todays real estate world the top agents can put you into a VIP or email program where you will receive daily emails with complete property descriptions and photos. You go check out the properties you are interest in and call the agent when you want to go inside. This comes with a price the agent will expect you to sign a Buyer Agent agreement for this service. Agents will bend over backwards for you if you treat them fairly and dont expect them to work for nothing.

MLS and REO Services Access to property information is pretty easy today if you know where to look. You can get access to the public side of the MLS and find most properties for sale you will not be able to do the fine tuned search that your agent can. Banks and mortgage companies all have web sites you can access to hunt for properties; again your agent can get more detailed information and be on an email list as a registered licensed agent. You can do all the work yourself with out an agent, but you will need an agent to make an offer.

HUD VA Government Owned The only access you will have to these properties is through an agent who is registered with the agency. Some properties have special keyed locks and only registered agents have the keys. The process is more detailed and closing by year end is not as important, this is the government they dont have share holders to answer to.

Be Ready To Buy Have your financing in place line up your hard money lenders, self-directed IRAs, private lenders, partners, credit cards, and cash, 2nd mortgage your home. What ever you plan on using to buy an investment property be ready and able to close before year end to get the best discounts.


Bill Carey offers insights to the buying and selling process of residential real estate for F*R*E*E information and reports see http://www.BillCareyRealtor.com. "Insider Real Estate Secrets Revealed" ...a must-read for Home-Owners and Renters! It's a FREE 12-lesson e-course covering more than 20 topics exposing the realities behind buying and selling a home. You Can Make(or Save) Thousands of Dollars




See Also:

How to Work With More Than One Real Estate Agent When Buying a Home
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Where Does Your Real Estate Commission Fee Go - Why is The Commission so HIGH?
Many who have bought and sold properties through Realtors numerous times; even many real estate agents themselves, don't know where the commission money goes. After all, when a property sells for hundreds of thousands of dollars and the commission is tens of thousands of dollars, it seems like ... more...

What You Need to Know to About Your Mortgage Transaction
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High Tension for the Buyer and Seller of Real Estate Can Be Reduced
Tensions can run high in both the selling and buying of real estate. After all, there is a lot of money and emotion involved! There are also time pressures and numerous privacy issues to deal with. The sale and purchase of real estate can be a lengthy process involving numerous professionals from ... more...


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