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Archive for June, 2012

Should You Pay to Get Real Estate Foreclosure Listings?

Wednesday, June 27th, 2012

Are you looking to make money from real estate foreclosures, as a real estate investor? If you are, you may already know that you need a way that allows you to quickly find real estate foreclosures, as the competition for them is often high. The good news is that there are multiple ways that you go about finding real estate foreclosure listings. One way involves using an online foreclosure listing service. The only thing is that many of these services want you to pay to use their services. So, the question is should you?

When it comes to determining whether or not you should pay to get real estate foreclosure listings, there are a number of important factors that need to be taken into consideration. First, it is important to look at the real estate foreclosure listing service that is asking you to pay. Online, you can find a number of real estate foreclosure listing services, just with a standard internet search. After a quick examination, you will find that these services have different totals for the foreclosure properties listed on their online websites. The reason for that is because they don’t all contain the same information. This is where you need to proceed with caution.

Paying to get access to information on a real estate foreclosure listing service is a great way to get information, namely updated information, on pre-foreclosure properties, as well as those that have already reached the foreclosure stage. However, to be worth the money requested, you not only want to examine the number of real estate foreclosure listings that the service has, but you also want to examine how many listings they have in the area that you would like to invest in. For instance, if you are looking to invest in foreclosure properties in New York, you will want to make sure that the real estate foreclosure website has a large selection of real estate foreclosure listings for New York properties.

When it comes to examining the number of properties that a real estate foreclosure listing service has in a particular area, namely the area that you want to focus on, you may need to send a quick email to the administrator asking them for more information. You should get a response with the information you asked for, as they want your business. There are also many real estate foreclosure listing services that allow you to perform a free search. This will give you an idea as to the average number of listings found on the site in question. You will not be given the same information about the real estate foreclosures in question that you would if you were a paying member, but at least you would have a starting point.

When determining whether or not you should pay money to use a real estate foreclosure listing service is also important that you keep your alternatives in mind. Many of these alternatives, which include checking local classified advertisements and visiting the county clerk’s office, are free of charge.

Benefits Based Selling in Real Estate Auctions

Monday, June 11th, 2012

Dating back to the Roam times, the auction system of marketing and selling real estate is not a new innovation. However, the process and efficiency of such selling systems have evolved over time and is now viewed as a desirable, fair and viable alternative to traditional private treaty or agreement methods of sale. The real estate industry itself has exerted influence to effect a movement towards sale by auction, with industry reasoning pointing to increasing professionalism among real estate agents and to achieve a better means for determining a true and fair price for the property. More and more sellers and buyers of real estate in New Zealand are discovering the benefits of auctions and accelerated marketing sales to achieve their objectives on their terms and their timelines.

There are various benefits of the auction system for both buyers and sellers of real estate in New Zealand. For the potential buyer, they are able to research the market in respect to both price and availability of alternative options, empowering them to be confident in their decision to bid once comparisons of market alternatives have been assessed. Information packs providing comprehensive reports on the property ensure that the consumer is well informed, ensuring the correct purchase decision is made. With the benefit of eliminating sometimes lengthy and stressful negotiation periods, an auction can reduce the time required to purchase a property in New Zealand. As the buyer can limit the amount they are willing to bid, they essentially determine the price paid for a property, ensuring that the process of competitive bidding results in a fair market value being paid for the property. As the purchase and closing dates are known, buyers are better able to plan for the acquisition of their new property, along with the requirements of finance.

For the seller, the confidence that the house will be sold at a true market value is reassuring, while quick disposal reduces the long term costs sometimes involved with selling a property in New Zealand. The auction process exposes the property to a large number of potential buyers, creating competition among buyers, which can often have the effect of exceeding the price gained under a negotiated sale. Eliminating numerous and unscheduled showings of the property is often well received by sellers. The seller is in control of the sale, whether it will be an absolute auction or an auction with reserve. Seller decides the terms of the auction, the day of the auction and the closing date.

One of the key benefits for both buyers and sellers of real estate in New Zealand under the auction process is that the usual limits of time and geographical space are averted. With the use of on online advertising through a real estate website, potential buyers are able to peruse the property 24 hours a day, 7 days per week. Additionally, the use of the internet diminishes geographical boundaries, with potential buyers being able to view, and sometimes participate in the auction, from nearly any location within the world. This can also reduce the cost of physically attending the auction.

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