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Buying Foreclosures Vs Buying From Seller Direct


Are you in the market to buy a house?

Great. is a good time to buy real estate and I recommend that all persons who have been waiting for a good time to invest in real estate to buy.

We heard about this on the news and the people we know and all the way, is the best time to buy houses that are for sale either through the short sale, foreclosures and other sales.

Why should you buy from a vendor when you can buy a foreclosure?

Most sellers of pressure these days and are willing to negotiate at a price much lower than the actual price to ask. Vendors who do business with you the most are the people with equity. So if you know someone who is under some pressure, but he has $ 150,000 of equity in your home and he can not refinance, give you some money and test the water. If the seller needs money to be carried almost all the offers that will give you, because he can not refinance, you do not want to lose your home due to equity and will be difficult for him to sell because most of us these days are buying foreclosures and short sale homes.

Why are banks willing to short sale homes?

process of foreclosure is expensive for banks. If they understand that they have already lost money on this particular property is not interested in losing even shorter than the sale of the house. Basically negotiate with a buyer much better to be happy, but at the same time covered most of the costs and expected lost they would have from a foreclosure. Short sale can be a great business for someone, but it may take up to 4 months worth of negotiations and perhaps will not happen after all.

Every real estate agent can help with short sales?

No. Most real estate agents are trying to avoid the short sale because of the time it takes to close the deal, also because most of the time the agreement will not go through what I lie about money. There are small percentage of real estate agents who specialize in short sales, reo and foreclosures, these are the agents you want to contact for help.

These realtors have been doing short sales, reo and foreclosures for many years and some during the last year alone, but with experience of negotiating and closing deals.

In this market does not want to waste time. You have to educate yourself as much as possible and do things the right way. We all got in bad mortgages and bad investment decisions, but we must learn from mistakes and take what we learned and put it into action now.

Good luck.

Yanni Raz is a mentor for many in the Real Estate Mortgage industry, Yanni Raz is been tutoring many homeowners in California and help some also to save their homes. http://www.homesinsale.com


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