Automating is the key to making big money in the Short Sale Foreclosure business. This is 2009. Information travels at lightning speed. You just need to reach out and grab the information. Real agents and investors who are interested in short selling and how to buy foreclosed properties often spend months searching for the right deal. They overlook hundreds of lucrative, lower-priced REO and short sale properties. Why? They lack the simple Short Sale blueprint to attract distressed homeowners.
Here's the truth: Real estate investors, foreclosure listing brokers, short sellers, and agents often work for three months to make $80,000 on one large deal. To be honest, they don't know how to make a profit from foreclosures, how buy foreclosure properties, or how to short sell for maximum profit with minimal effort. They aren’t doing it right. They aren’t seeing the 'Big Picture' in REO real estate, short sale foreclosure, and bank reposo houses. You would rather make $10,000 per month on autopilot and close 8-10 pre-foreclosures that are easy to find than wait for your short sale foreclosure deal to happen.
This is clearly a rhetorical question. Quantity with minimal effort is the new short sale foreclosure reality.
The proper Short Sell Blueprint is essential. It's a different game to know how to short sell and make money from foreclosures. Many short sales fail because they were not properly structured. You can learn how to properly structure Short Sales and get the bank, owner, and investor working together 100% automatically. Click here for more info
Real estate can be described as a business that deals in the purchase, sale, or leasing of vacant land. Brokers and owners of the property find it difficult to sell their property and seek to negotiate a faster sale. Because real estate is a business, it requires agents to call and provide cost points as well as take the necessary actions. This has resulted in the dynamic arrangement of furniture in homes, and the gathering of potential buyers. Home staging is now known as "Home Staging". Many companies offer home staging services. They furnish the House in the most attractive places for the presentation. When fully furnished, home staging is available for buyers who have a property. It is a great way to make a profit as a broker. Potential buyers of a House will then look at all aspects and sign the agreement if they feel it is enough to make it their home.
The constant rise in domestic labor competition and the rapid advancements in technology have forced owners/realtors to adapt to new ideas. A photo shoot is where photographers take many photographs of the property to sell. Then, photo editors work on virtual home staging. The virtual home staging is a great way to increase the appeal of real estate. Virtual staging is made possible by hiring photographers to take photos of the property
Get Pre-Approved Before you make an offer. Prequalification is useless in the current lending environment. Pre-approval and pre-underwriting is essential for your loan. This will show the lender that you are a legitimate buyer, and it will increase your chances of success.
Read the Rate Lock Policy carefully before locking your interest rate with your lender. This includes lock extensions and re-locking. Due to the long timeline, it is important that you carefully consider when and for how long you lock your loan. Also, what the cost of locking extensions and relocking your loan.
Make sure You don't lock the loan, or spend money on inspections or appraisals until you have signed a contract with the seller that has been confirmed by their lender. This agreement will outline the terms of the short-sale. Even if you have a contract signed with the owners, the lender is the true seller and will direct the entire process.
Be patient Short sales can take up to 90 days. Large companies may not have the resources to handle all aspects of sales. Routine questions may take up to 2 weeks for a response. Set your expectations accordingly. Be patient and persistent.