OfflineWhen looking for deals in todays market it can be very challenging in some areas. Even with all the great foreclosure opportunities, it can still be tough for some people to find the right deal that makes them the money they need. People are so focused on that foreclosure deal, that there often are several offers on the same house. Honestly, I do not know many "good" investors that will get into a bidding war with anyone else - they will set their max offer on any given deal and walk away when it exceeds that price.
So, if you are in this very position, ask your realtor (someone that you should have a great relationship with) for two things - a daily list of the expired listings in your area, and the property history report on each listing. These listings have been on the market for generally a 6 month period and most of the time has had price reductions along the way. All of the price reductions will show up on the property history report. This will help you to determine the sellers motivation!
I will give you another secret, there is virtually no competition for these homes! And right from the start they will be 6 - 7% less on their price - no realtor fees! Of course you should include your agent in the deal and offer a 1% fee to them to act as a transaction broker. This may just entice them to be diligent in sending these deals over to you right when they become available!
I hope that this information helps!
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I've just finished Dean's book and am eager to go.
Can anyone please advise me on how and where to find pre-foreclosure deals.
I have been looking in the classifieds. But I believe that's not the place to find them.
Thanks for any help.
you will need to advertises what you want and talk with lotz of people who may know some one who is in trouble
Hope this helps
Fred
JMS,
Dean offers a tool to help find foreclosures and pre-foreclosures in your area. I know that there is a local legal news in my area...but they give the legal address not the physical address. I believe that Dean's programs offer legal and physical. Additionally, the legal news is $.75/day. add that to about 22 day a month and you are looking at a cost more than what Dean has to offer. Pretty great deal wouldn't 'cha say!!! I'm not 100% sure on that. You should use the tools on the side (to your left)to locate it. I found it once I believe it to be in the DG resources. I have been all over this site. I will find it and post the link for you to find! As far as Fred's advice, It is solid. Talk about REI to as many people as you can. You never know where you first deal will come from.
Salden, Thank you for the great tips. That is what I love about this site. Everyone has their slant to work the biz and are willing to share!!
Earl in MI
Earl in MI
DG
2%ER
RBBP
Lifetime Member
JMS,
Follow this path:
>More DG Resources>Dean Graziosi's Automated Foreclosure Finder
I hope this helps!!
Earl in MI
Earl in MI
DG
2%ER
RBBP
Lifetime Member
I AM LOOK AT A HOUSE THAT IS BEEN foreclose . And need help with the buy it i newbe . thank so much jimmy
Earl has it right guys, you can find deals in the legal notices section in the newspaper. In most states, the notice of sale and default must be published in some publication. To find out which newspaper, you can go to your local courthouse and find out which one. Also, Earl is correct - Dean does have foreclosure alert. It will notify you of pre-foreclosed and foreclosed properties in your area and yes it is more cost effective than that newspaper. Great advice Earl. Networking is also a very solid way to find preforeclosure - there is nothing like a referral to draw from when meeting people that are in distress. It definately helps break the ice!
Great job guys!
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
This is for James47. Anytime you are looking at a foreclosure (bank owned, REO) property, meaning it is after auction, These properties will always be listed with a realtor. I would suggest finding yourself a great buyers agent to help with the assessing and making offers on them. Keep in mind, you will not be able to assign a property where the lender is acting as the seller. They will have a Non-Assignability clause written into the contract. Hope this helps
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
THANK YOU I MITE DO THAT
i good feel on house but i have no money . so talk to my investors they say give 1000 dollar and no more .what can i do i need some help jimmy
it feel like that all by my self my investors do not call back I AT LOSE NEED SOME HELP NEWBE THAT LOSE HOPE