Foreclosures are not new by any means. During the depression, savvy real estate investors were making all the money investing in Real Estate. They would buy houses dirt cheap, and then sell them for a little more than what they paid for them. So why do the rich keep getting richer? They know where to find the money.
Most people have heard that foreclosures are or can become a great investment. So why doesn’t everyone do it? Is it because it is hard? Too time consuming? Takes a lot of money? These are all good answers, however none are correct. Through our research, we have discovered that most people just lack the motivation, desire, and knowledge. They are stuck in what some call a “comfort zone,” satisfied with their surroundings, living from paycheck to paycheck.
Foreclosures right now are exploding with interest because people are finding out it is a better, safer, and more secure way to make a living. It’s no secret that foreclosures are at a 30-year high. Why? Some may feel the economy is to blame. Still others say it could be due to unemployment. Yet others speculate that it could be the leniency in the lending business. Whatever you choose to believe, the fact still remains that foreclosures are at record highs. This is wonderful news to the investor. This just means there are plenty to go around and several to search through so you can find that “diamond in the rough”.
As I mentioned before, many of your potential buyers may be from out of the area. You can beef up your chances of receiving bites on your property by adding information about the area and its surroundings, such as the commute time to downtown, to area school districts, to local shopping areas, and area attractions. You also might want to include information on the school districts as well as links to the districts for review, some of the activities in the area for children, and any other family- or pet-friendly community activities you know of in the area.
