REO Specialist Port St Lucie

REO specialist Sharon Kelly-Brown gives great advice regarding reo and short sales in saint lucie county.

Please read this article below from stockmarketsreview.com
Short Sale Investing – Are the Banks Focusing More on Short Sales, Instead of Foreclosure?
Posted Wednesday, May 12, 2010 by admin
Filed under: Investing

Over the past 12-24 months, in specific sections of the country the banks have been completely bombarded with foreclosures, and now they have got no choice but to lower their prices so, the people who buy REO’s and know short sale investing, can make a great deal when buying a residence directly from the banks. Many of the banks are now concentrating on Short Sales, rather than foreclosure.

Certainly it depends on which section of America you reside in. Believe it or not, there are several areas of the country where home prices have not dropped that much, while other parts of the nation, like California, Nevada, Arizona and Florida, prices have collapsed. In the regions of the county where home values have fallen drastically, you are in position to produce a great deal when buying fromthe banks . In the parts of the country where prices have fallen just a little, you may be unable to make as good a deal, but you should still be able to obtain a home for around 15% or more below current market value.

As you may already know, in case you have obtained my courses, I am not really a fan of hiring realtors when selling or buying a home. That is because historically realtors sell homes at full retail value. In my experience that is just a bad business decision.

Buying at full retail, or anywhere in close proximity to full retail value for a home is just foolish, unless it is the home you have been dreaming about and it is the home you want to live in for the rest of your life, but that is not the norm, that is a rare exception to the rule these days.

We illustrate to buyers to think more like a real estate investor, and many real estate investors are not fans of using realtors. I have never used a realtor to buy or sell any previously lived in home. However, to purchase an REO, it just could be to your benefit to make use of a realtor. BUT do not just use any realtor, find THE realtor locally whose expertise is Short Sales or REO’s.

The reason for making use of a realtor for these two kinds of purchases is 2 fold. First, you are buying the home at a Big discount and it isthe banks who are paying the realtors commission. And second, the realtor just could be doing most of the negotiating with the banks for you, and I recognize a large number of you may love that you do not have to do it yourself.

That is one legitimate reason why I authored a program with regards to how to complete a Home Short Sale. If you decide to use a realtor, you should have significantly better understanding – Now you are going to know exactly what the realtor is doing so you can keep track of what is going on through the short sale process.