Pre Foreclosures – 3 Reasons Why You Should Buy Them
You don’t need to be a marketing genius in order to get your phone ringing off the hook just find where the list is posted in your area. It will cost you less than a couple hundred dollars to get involved and you too can buy properties at a substantial discount and quickly sell the property for a big profit. Here are 3 reasons to profit from Pre-Foreclosures.
1) Motivated Sellers: A homeowner in foreclosure is the most motivated type of seller. You will find that they are the only sellers that have a true deadline. Other sellers will say they are motivated or want to move on but none of them have a deadline that they are not in complete control of. The bank is in control of setting the timeline and in most cases they are unwilling to adjust the deadline. Because of the deadline, the homeowner is more willing to make a decision before the bank makes the decision for them and they lose everything.
2) Motivated Lenders: Not only are there motivated sellers in this niche there are motivated lenders. The lenders that are foreclosing on these homeowners in foreclosure do not want to own the property. They are only interested in getting as much of their money back as possible. In many cases they are willing to take less than what the homeowner owes just to get rid of the bad loan. They will take less than what is owed and mark the mortgage paid in full. This type of sale is called a short sale and it is a valuable technique to understand with the number of properties out there that are upside down.
3) Solutions Provider: You have a choice when you market to homeowners in foreclosure. You can be a property buyer or you can be a total solutions provider. As a property buyer your primary goal is to purchase the property. As a total solutions provider, your primary goal is to save the house from foreclosure which is what 95% of the homeowners want anyway. Most of the options to save the house will be eliminated for most of these homeowners. For the ones you save be sure to get a testimonial letter and as for the rest just make sure that you make it a win-win situation and always make sure that they get some money and are happy with the result of the transaction.
Real estate and the pre-foreclosure niche is one of the greatest industries to profit from. The most important thing to recognize is what stage of the market are you in and what strategy to apply. Apply the right strategy at the right time and you will have massive profits coming into your life. I challenge you to get into the foreclosure niche and start claiming your chunks of cash.
