Officials Move to Slow Foreclosure Pandemic, Short Sale Markets Heat Up
Thursday, December 4th, 2008Since government-sponsored financial services giants Fannie Mae and Freddy Mac announced a foreclosure moratorium through the holidays in November, government efforts to stem the foreclosure tide have heated up in hard-hit states such as California, Connecticut and Florida.
It is likely that state and federal lawmakers — and other officials convening in the New Year also are gearing up to take action to slow the foreclosure process. New and emerging policies in this trend are likely to give beleaguered homeowners some space to breathe — and RE investors a vast open field of profit opportunity.
Join the Revolution: Short Sale Manifesto 2.0
Ohio-based Strategic Real Estate Coaches Josh Cantwell and Greg Clement see green pastures ahead for pre-foreclosure and short sale investors who are keen on building stronger real estate businesses and cashing in on recent market changes. Moving into the holiday season, they’re offering investors a steady stream of absolutely free, timely information, tools and resources you need to adapt to changing market conditions in this motivated seller market.
Timing Isn’t Everything
More than 10 million homes currently are over-leveraged with mortgage debt and have no equity, Josh says: If we can take advantage of these opportunities as real estate agents or investors, we can capitalize on these market conditions — big time.
Update Your Strategies, Tap Warming Markets
There are some common-sense tactics you can use which are incredibly cost-effective to deploy in your business, such as ramping up your personal and real estate marketing efforts that can have a dramatic impact on your bottom line. Some require more effort than others, but the focus should stay fixed on preparing your business to thrive in pre-foreclosure or whatever markets you choose.
It’s clearly no secret that property values have dropped significantly in the past two years. Today’s market conditions for short sale and pre-foreclosures are evolving, Josh says. And changing times call for different strategies.
Refine and Define your Strategies
Earlier this year, Josh updated several elements of his original “Short Sale Manifesto” to reflect what real estate investors need to succeed in today’s challenging and increasingly more competitive pre-foreclosure and short sale markets.
Josh updated this book because he is serious about helping his students to deploy only the most cutting-edge strategies and techniques in tapping these markets and the “Short Sale Manifesto 2.0” leaves no stone unturned in its pages,
Josh breaks all the mission critical aspects of short saling down into small, manageable tasks that emphasizs networking and skill-building. Central to his Manifesto are key techniques that, when implemented properly, will strengthen your professional support system and build your business.
Like Candy for Short Sale Investors
While Josh gives great guidance on the steps you need to take to make the short sale deals happen — and keep a constant flow of new deals in your pipeline, he also tells you all about the pitfalls you need to avoid.
If you only have 10 minutes to spend reading this ebook, check out the details Josh provides regarding the Top 9 Mistakes even the best real estate investors make and how you can avoid them. These investment blunders include:
- Paying too much for a property,
- Underestimating the cost of repairs,
- Neglecting to stage property,
- Failure to build a workable buyers list,
- Failure to secure private money,
- Failure to plan multiple exit strategies,
- Failure to focus on revenue producing activities,
- Lack of a coherent system to organize your business, and my favorite,
- Failure to implement an effective and consistent marketing strategy.
Some of these errors may be all too familiar, while some may be new to you, but in all cases, Josh offers clear strategies to protect your business and build wealth by keeping your wits — and your money — about you while you’re investing in short sale real estate.
Free Videos and Info Clarify your Short Sale Mission
Visit Josh at his Strategic Real Estate Coach Web site and prepare yourself to be amazed by the high-quality information he is willing to show you this month absolutely free of charge, all in celebration of the season. While you’re there, be sure to catch the free videos. They make great companion pieces to the “Short Sale Manifesto 2.0.”
Stay tuned to this blog for the latest on SREC’s Special Giveaway Bonanza slated to kick off Tuesday, Dec. 9.
