Archive for the ‘Real Estate Foreclosures’ Category

It is hard work to make a living out of taking phone calls. According to statistics if you make 100 calls you will get 5 appointments; out of that 5 you will get 1 listing. It is a hard way to count your pennies when only after 100 calls you will get a listing. People have to be pestered for three hours each day and one has to go on repeating if anyone is interested in buying or selling real estate.

But there is an easier way out. Without a license form the Colorado State’s Division of Real Estate one cannot be a recognized prospector. The problem was that the home and hearth fires have to keep steadily burning with or without a regular income. Standards one gets used to can’t be downsized overnight. The self-employed must have a steady stream of business. The target to survive is $50,000 per month. But how? It needs a special type of tolerance and skill to cold call and knock on a stranger. Survival and success depends on SOI or Sphere of Influence. This relates to 100% of self-employed person’s business. The return is more than generous. In fact the coffers overflow. Sometimes there is an odd client or two from the open field but most are known people – those coming under the category of SOI.

Being in the SOI zone means you are out of the number game. No more stifling yawns over endless calls. No more peering through real estate advertisements to track down next target. No more pinching yourself awake to keep your purse ready for both the basic bread and the luxurious spread of cream. One can’t do without either. You don’t need to hitch up a party to rope in 20 more clients – now just 2 or 3 will suffice. The SOI trail is good, loyal and fun business. The success statistics can go up from 50% to 75%. That is really cool.

The best part is that by keeping up the tempo for only a few years by keeping your SOI filled and fat you can glide through with ease the rest of your career in real estate. You don’t have to bother about prospecting. You do not require a market budget. No more will the nights be sleepless as you worry about the tomorrows. Who doesn’t care for such a lifestyle? All!

via

Search Images

As dozens of condominium towers conceived during Florida?s real estate boom near completion, investors who snatched up units are trying to break contracts.

More: continued here

Search Images

The number of homes and apartments in New York City occupied by their owners has passed one million for the first time, according to a new census analysis.

More: continued here

Search Images

The foreclosure waves are coming in from the mainland and lashing the shores of Hawaii, as per reports from Honolulu. There has been a spate of foreclosure listings in the recent months sending alarm bells pealing.

Till now Hawaii had a very low foreclosure rate as compared to other national figures. But local investors are suddenly waking up to a change in the air. A noticeable number of happenings in the foreclosure market are making them sit up. However one should take this bit of news with a pinch of salt as last Friday’s market showed that real bargains are as yet not a common story. These are still hard to grab.

Investor Stephanie Apodaca, trying to explain their attitude says that they are not really too keen to see others drowning but ‘an opportunity is an opportunity’ and it is all fair and square in the game of real estate market. She went into downtown Honolulu from Kapolei with high expectations for a more than usual number of foreclosure auctions that had been scheduled to be held for Friday. Nearly forty people had crowded around the representative of the lender. The upset bid of $80,000 for a leasehold walk-up in Waikiki was rather too steep for everybody. But one bidder won with a bid for $81,000. This seemed to have been the single auction of the day. The others were either cancelled or did not attract other bidders except for the bank. But Apodaca is not willing to admit that the day had been wasted. She knows which way the wind is blowing for she has been steadily doing the rounds for the last four months.

Experts opine that most of the auctions do not materialize because the affected homeowners somehow manage to find out an escape route for their sheer survival. After all it is a question of their hearth and home! But things cannot continue in this way. Ultimately risky mortgages will start taking its toll. Six months ago there were about thirty foreclosure listings in a month but today the figure has gone up to one hundred during the same time period says expert, Courtney Brown.

For the investor too there are many risks ahead. There are hidden costs, troubles with tenants and ruthless competition. All said and done it is a gamble with very high stakes.

source

Search Images

Handyman or investor special, this 2 bedroom home needs a little TLC. This home is listed for only $9,000 with an appraised value of $14,000. Call 832-427-1980 or email tom@gohoustonhomes.com for a copy of the appraisal. Thanks, Tom.

More: continued here

Search Images

This charming two-story 2 bedroom, 1.5 bath condo for sale by owner sits on a cul-de-sac in East Hartford, Connecticut. The area is surrounded by parks, with the Podunk and Connecticut Rivers nearby, and is convenient to shopping and schools. Located in the heart of Metro Hartford, East Hartford is strategically located and rich in educational, cultural and recreational resources. For more photos, details, and the seller’s direct contact information, please visit the property website at http://buythisfsbo.com/06108

More: continued here

Search Images

Retreat from the city to this wonderful home near Hart Park and walking distance to the Kern River. This home is one of the largest in Bakersfield with 5,360 interior square feet, and features 8 large bedrooms, 4 baths, and a grand entry. The lot is an incredible 2 and half acres, with a Large covered patio and RV Parking, Fenced Pool, and a 3 car Garage. The kitchen is perfect for entertaining and includes Luxurious fixtures, New Granite Countertops, with a built-in sub zero Refrigerator/ Freezer, Stainless steel appliances, 2 Pantries, and Italian tile. More amenities include New Window Shutters, New 50 year roof, Lots of closet space, Central Vac, Alarm, and Upgraded Custom Cabinetry. This is a perfect home for a large family. Priced at $1,489,000.00 Schedule your appointment to view this unique home today! For more information, photos, or a private tour please call (661) 703-8511

More: continued here

Search Images

As dozens of condominium towers conceived during Florida?s real estate boom near completion, investors who snatched up units are trying to break contracts.

More: continued here

Search Images