Even an auction for colored peanuts will attract a crowd albeit on a rainy day, goes a famous saying which connects discounts and human mentality. So, imagine the interest and scope of short sale investing, considering the huge number of distressed homes at offer. Short sales are a win-win offer; the sellers get rid of the bone of contention the distressed mortgage property which they are not able to afford, while the lenders are saved from the tedious and slightly expensive process of a foreclosure. Lastly, even the purchaser gets to buy a property at a discounted price.
Unfortunately, if you wait for distressed mortgage users to contact you, you would have to wait for a lifetime or would have to try short sale investing. Short sale investing and short sale marketing are closely connected and often offered by real estate brokers turned financial agents.
The best way to benefit from short sale investing is to look for a real estate broker. In fact, it is better to get in touch with a short sales based experienced real estate broker, and not someone from whom, the words short, sale and investment are 3 different things.
Normally, real estate brokers promote their services and even the properties via the classifieds sections in local newspapers, but in recent times, realtors have stormed the internet world. Real estate brokers take a percentage or a pre-defined amount with respect to the property in question.
In addition, as a responsible investor there are 2 things which you need to know, firstly you need to understand the process of short sales with respect to the extra costs, legal aspects and procedures. Secondly, short sale investors should do some independent analysis of price of the property (and the area) in question.
Lastly, taking a quote from a second or even a third broker will give you a better picture; most brokers would be more than happy to tell you the numbers (somehow brokers are always fascinated about figures and numbers).
Short sale marketing largely connects borrowers and buyers who are interested in short sale investing. This editorial covers short sales from the investment point of view along with giving some valuable tips.