 |
|
|
Welcome! Online or Off, Buying or Selling at Auction Is a Great Investment Strategy
 |
Have you written off auctions as being too risky? True, buying properties at traditional auctions takes real skill; however, these days "real estate auction" can also mean buying or selling your property online. In this issue, our experts tell you how to succeed at auction and why understanding "value" is crucial if you want to significantly increase your profits.
If you've ever bought or sold anything on eBay, you know why online auction sites are so successful: people get excited when bidding goes up, you can view the bid history of any item, and you can bid at any time. Take those advantages and combine them with real estate and you have the new way to buy and sell: online real estate auction sites! In his article, "How to Successfully Sell Your Property Via an Online Auction Site," licensed and bonded Auctioneer Neil Kaplan shares three strategies for making an online real estate auction site work for you.
Due to the current downturn, properties throughout suburbia and even Cape Cod are finding their way to auction. Although a relatively high-risk investment strategy, buying properties at traditional auctions can net you a few good deals - if you know what you're doing. In his article, "Six Tips for Buying Properties at Traditional Auctions," 13-year auction veteran Kevin Norton gives his insider strategies for navigating the auction process - including advice on how to get out from a property you really didn't want in the first place.
Whether you're buying at traditional auctions or online, it's crucial that you understand the true market value of the property that you're considering. In our Interview with the Expert, appraiser and real estate investor Mark Jackson explains why comps and the MLS are only part of the story when determining a property's value. You also need EPA definitions, population trends for the future, and mortgage data - in short, comprehensive market data - to make an educated and profitable decision.
In this month's Mortgage Minute, Debbie Siegel relates the dirty little secret behind those mortgage rate charts you see in the Sunday newspapers. Rather than a "public service" to help make informed decisions that most investors assume them to be, these rate charts benefit someone other than you.
* Next 37 17 investors only!
Best regards,
| |
| |
Jeremy B. Shapiro
| |
Sheila Farragher-Gemma
| |
Co-Founders, ForeclosuresMass.com
|
Did you like this article? You May Also Like:
 |
Winning The Client: Door Knocking For Profit
Eric Woolhiser
Knocking on doors is an effective technique for meeting and connecting with homeowners. It's also overlooked by many investors. Eric Woolhiser explains why this approach is so much more effective than simply sending letters, and offers three, field-tested insights regarding how to put this tool to best use.
|
 |
Success Strategies: Seller Financing
Asheesh Advani
Financing - an arrangement wherein the seller acts as the "bank" for the buyer - has seen a rebirth in recent years, thanks to a market characterized by high prices and rising interest rates. Asheesh Advani explains how this approach works, and why it can be beneficial to both buyer and seller...
|
 |
Agent Success: The Essence of a Good Real Estate Agent
John Ralen
Much has changed in residential real estate sales over the last several years, but many core competencies and strategies remain the same. Many of the skills and attributes that make an individual successful as a realtor...
|
 |
Interview with the Expert: Know How to Use Your Contingencies
David Camiel, Attorney
If you think you can use an escape clause to get out of a real estate contract, think again. Because the courts look unfavorably at escape clauses, contingencies are a better way to protect your interests - as either the buyer or the seller. Veteran real estate lawyer David Camiel explains the legal ins and outs of real estate contingencies and how they can work to your advantage.
|
 |
Legal Corner: Do your Homework before Investing
Suzanne Brunelle, Portnoy and Greene, PC
So, you heard you could make a financial killing or find your dream home buying property at foreclosure? That may be possible, but first you need to beware the pitfalls of the novice and, as my father always said, "Do your homework"...
|
 |
Success Strategies: Eight Questions to Ask Property Management Companies
Matt James
If you want to buy and hold (rent out) investment properties, but really don't want the responsibility of maintaining them, then a property management (PM) company is your number one exit strategy. Real estate investor and property manager Matt James gives you eight questions to ask potential PM companies, including how the accounting is handled and whether or not the company works with out-of-state investors.
|
 |
Success Strategies: Using the Internet to Research Emerging Markets
Charles Warnock
Because travel is expensive and time-consuming, it pays to know how to find information on emerging markets and neighborhoods via the Internet. Charles Warnock, Director of Marketing for eNeighborhoods.com, explains why a town’s Website is your most important first stop, plus how you can find a goldmine of information at local, county and federal government sites such as HUD.
|
 |
Feature Article: Financing of Investment Properties
George Riley, Genesis Funding Resources
When it comes to the financing of investment properties, there are almost as many methods and combinations of methods as there are deals. In this month's feature article, George Riley lays out several approaches (some of which you may not have heard of), and offers insight into when and why some are better than others...
|
 |
Interview With The Experts: Fireplaces and Chimneys, High Value, High Risk
Sherrill Rosoff and Holly Bradman, Co-Owners
Fireplaces and chimneys... so many homes have them, but according to Sherrill Rosoff and Holly Bradman, they are often not well cared for. As both a potential fire hazard and source of carbon monoxide, any property owner needs to make sure that the fireplaces are well built and well maintained.
|
 |
Interview with the Expert: Helping Families Get Back on Track Financially After Foreclosure
Jennifer Matthews, Founder, Creating Financial Literacy, LLC
You can play a key role in helping clients get back on their feet both financially and emotionally by understanding the challenges they face. According to Jennifer Matthews, an advocate for those who have been through foreclosure, often times people lack basic financial literacy and management skills - the lack of which contributed to their financial woes. In this livley article, Jennifer Matthews provides the essential tools consumers need to increase their financial literacy, repair their credit, and recover from foreclosure.
|
|
|
