Got Foreclosure! - Blog

Here’s the latest from the doom-and-gloom media:

Analysts think the market will fall another 10-15%

So what? - If you can buy 30% below CURRENT Appraisal NOW?

There are two issues with the media’s approach as I see it:

1. Most of the time they look at the real estate market as a “national” phenomenon, although you don’t always know exactly what they’re looking at (and I doubt they know that themselves…)

2. They only look at “main stream” buying methods. That is what you can buy off the MLS, more or less at the asking price o slightly below that.

And here is why you can do much better than this - if you are a beginning or sophisticated investor, or a well-informed move-in home buyer.

1. Real estate markets are extremely regional, and even local to certain zip codes or neighborhoods. National averages have nothing to do with the specific neighborhoods that you’re looking to invest or live in.

2. You can learn how to make deals and buy extreme bargain properties from banks, home owners in foreclosure or other highly motivated sellers.

Don’t let the media lead you wrong. Sophisticated buyers are buying when the merchandise is on sale, not when everybody is chasing them in euphoria. That time is now! Happy home buying and investing.