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the Abundant Opportunities in Africa Real Estate Blog and Comments by Charles Parrish How is the real estate market? How is the real estate market? Is it hot, cold, dead or getting worst? Ask some agents and they will tell you it is slow, too much inventory and not enough qualified buyers. The "Market" they are referring to is the conventional home market. That segment of the market is slow for agents and sellers, but not for buyers or investors. The general public is conditioned to think that there is only one market. Savvy buyers and investors understand that there are many markets where profitable transactions can be found. To mention a few; foreclosures, tax sales, short sales, vacant properties, commercial, apartments, hybrids, non-conforming and real estate auctions. The "Auction Method" of marketing and buying real estate is a great profit center. Recently Steve Payne was paid $153,000 by controlling a commercial property and assigning his contract within 3 weeks using the auction method of marketing. Lorraine found and purchased a pending tax sale foreclosure house in Butchers Hill for under $1,000 and sold it for $50,000. The tax sale method of finding transactions is a great market with very little competition. Mark W. who is an attorney representing banks is at the court house steps selling foreclosed properties at a forced auction sale almost daily. He has seen offers for properties being accepted by banks at deep discounts. He commented to me last week that there was only one qualified bidder at the auction, and that the property was sold for a $75,000 profit. While many lament the bad market, others are making thousands of dollars. Last year, my company Auction Brokers had 644 transactions. While the conventional methods of selling have slowed, the auction method of marketing and profiting at auctions has accelerated. For a free report on the many real estate markets and how to profit, send me a request at Charles@investorsunited.com. State "FREE REPORT" in subject line. Conference Call Callin every Monday to listen and participate in a free Conference Call. I will be taking about 72 real estate negotiating techniques for investors and agents; Card #37, Keep your power posture! Card #62, Using Hot Buttons to Close. Card #64, Second Stage Negotiations. Call Monday at 7:00 pm, 1-218-486-1400 Participant Pass code 34061# Charles Parrish |
