It seems people are convinced the economy is in a major downturn and that the government bank "Bail Out" is going to take some time before it trickles down and stabilizes the financial markets. Also, the stock market took a major dive yesterday as some people start to pull their money out. Where are people putting their money? If you're moving money around and pulling out of other investments, please don't put your money under the mattress -- invest it real estate instead! There are lots of great bargains in the market right now and there are short sales and foreclosures that are excellent buys. The first thing to do is call me and let me set you up on a drip email search that will send to you all the homes that meet your specific criteria in terms of price, location, size etc. It will filter out the overpriced homes and send you the ones that could be the bargain you're looking for. The idea here is, consider 30 homes that you find of interest, select 10 to actually visit and see, make offers on 3 of them, and buy 1. Although you'll make 3 offers (generally speaking) you will actually only negotiate one of them. Repeat this process as often as you like to acquire as many homes as you're willing and able. This is the investors preferred method of research to purchase process. There are some great renovation loans on the market now where you can make the repairs on the property and wrap it up into one mortgage when you go to closing. And what if you want to buy a home and live in it? Did you know that in Tarrant County, Texas that you can still get an FHA loan up to $297,000 with only 2.5% down and the seller can contribute up to 6% of your closing costs?
Finally, please don't move with the herd and respond as does the "average Joe" out there! The folks that move with the herd do not think and grow rich. They take the safe route but most of the time that is not the smart way, it is only an emotional reaction and not a planned response. Browse our site and look at our numerous listings. We also provide you free access to the MLS on this site and several tools to get you acquainted with the local real estate market.
If we can answer any questions or be of service please give us a call or contact us!
By Bernie Christian
