Real Estate Auctions
Seized Real Estate – What they don’t want you to know…
February 8, 2012 | 
Author Article by Terri-Leigh Bennett
What is Seized real estate?
Seized real estate is extremely cheap property that you can buy; basically your dream home for only a fraction of the retail price!
These properties are only cheap because they have been seized by the government and are being re-sold at a real estate auction at a lower price!
These properties are thought to be one of the best properties that you can buy for a very reasonable price.
Usually these properties have been seized because the previous owners have been involved in criminal activity and such activity like drug dealing etc. will have very nice houses, some would say luxurious, if it’s seized – it’s up for grabs!
Your looking at least 20% reduction of the retail value! Therefore if you’re looking to buy a house but have a limited budget, then I would highly recommend government auctions. They can sometimes include vehicles too!
However, you have to remember there will be other people like yourself after the same bargains. Even though it is not advertised, some people will already know about these auctions. So you will have competition.
That’s the key word “auction”; with it being an auction you can get a great bargain, however as I said; there will be others like you and because it is an auction the more there are of you- the higher the bids could creep up and before you know it- if your not careful it might not be cheap any more!So be vigilant.
You will also need to know about real estate before you bid. You need to know the market; how much the market is going for etc.
If you don’t know much then I suggest taking someone with you who will know about the market values. You don’t want to end up bidding higher than its market value!
Also, inspect the building before participating in the auction, they will allow you to view the property before hand. Check for damages and foundations etc.
Bid low to begin with, auctions are supposed to go higher, so start low- this will help you get a much better price!
Set your absolute maximum as well before the bid, do not get carried away and involved with beating someone if you only have a certain price you can afford!
Lastly, you have to know everything about the property; this will ensure you get a great price.
The best way to be sure is to hire a professional who understands real estate, and who knows how to bid and buy successfully – after all you’re already saving!
Buying government seized properties is the way forward for many of us; it’s the perfect way for us to buy our dream home!
Starting a Foreclosure Cleaning Trashout Business
Foreclosure home cleaning is something that has been promoted as the business to start for 2010. Main reason being that the large number of foreclosures hitting the market. It is best to have a great marketing plan for attracting more contracts in your local area. It may not be as easy to get work as many think, competition is high and with so many people looking for ways to earn extra money.
Dealing with real estate agents is the best place to start, talk to them about the list of REO’s and foreclosed homes they have listings with. Other places to get trash out work for your property preservation business is to check with building developers. Cleaning out debris can also include minor repairs, you may need to hire staff to help with broken windows and securing the property.
Lenders need to have homes cleaned, secured and repaired before they go to auction, if you are a licensed contractor you will have a great business opportunity to keep you busy year round due to the growing rate of default mortgages, that need to be remodeled, winterized.
A foreclosure trashout business in florida will require that you understand the HUD guidelines and to actually see the property before you quote a price so as to make sure you are able to make a profit after all your hard work.
Warm states that have the hottest opportunities, for the highest foreclosure rates Florida, along with Nevada, California and Arizona. Older individuals like warmer climates and move to states for retirement, leading to reverse mortgages and refinancing. For those who have bought second properties for vacation purposes may find that the market has changed and the value of the house is lower than the original purchase price.
Make money with foreclosure condos that have faced hurricane season in Florida is facing foreclosure, so for you to make the most of the current economic situation you will want to check out the states that have the highest rate of foreclosure filings.
Posted in Real Estate Auctions | 
Tags: business, Cleaning, Foreclosure, Starting, Trashout | 
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Real Estate Investment Success Series Tip 4 -how To Spot A Real Estate Investment Bargain
Article by Joel Teo
This article is part of the Real Estate Investment Success Series and continues from http://www.realestateinvestment101.info/commercial_property_investment.html
As mentioned in our previous article, like in value investing in stocks as made popular by Benjamin Graham, money is made in the purchase of real estate investment property. You want therefore to purchase property with good rental yield and that is at a discount relative to the surrounding area. This article identifies three ways to find a below market real estate deal so that you can either resell it later at a higher price or enjoy lower mortgage instalment payments and from that a greater cash flow.
Method #1- Distress sales and foreclosure
The general rule of thumb in real estate investment is that the target property might sell for a price lower than the areas average if the owner is in distress. There are two possible situations that you might want to look out for so that you can negotiate with the owner to reduce their asking price.
Firstly, look out for mortgage foreclosures on property and monitor the property auction sites. Banks may under-finance property meaning that they might not want to risk financing the property and then have to sell the property at a loss during a recession (negative equity situation). So what happens is when the mortgagor (the owner) is in default of his mortgage, the bank would foreclose the property and auction off the property and sell it off. Note that under the common law, while the bank is supposed to get the best value for the owner, this sometimes does not happen and the best way the bank can discharge its liability is to auction off the property.
As we can tell from the above analysis, the bank usually just wants to get the selling price enough to cover the outstanding mortgage and so the reserve price for such auctions may be below valuation prices. Spend some time attending such real estate auctions and it could pay off in helping you get a property at below market value.
Method #2- Migration
When people want to migrate out of a country fast, there is a high chance that they will not be picky about what price the property can fetch. These people generally want to sell off their property fast and the first prospective buyer that appears on the horizon for their real estate would usually benefit from this. On your part, you would want to get an independent valuation of the real estate and then make an offer.
Ann wanted a property near the city’s amenities and was looking for such a property. There was a family that was moving over to France and sold it to her at a bargain. It turned out that what that family wanted was hard cash fast so that they could move out. Ann gave it to them and all parties were very satisfied. Thus bargains can be found if you know more about your seller’s reason for selling.
Method #3- Look for landlords with attitude problems
This strategy is rooted in human nature and you may chuckle when you hear it. In some areas, some properties are always yielding lower rentals than other places and this might be because of the landlord rather than any other fundamental reason. If the landlord has a bad temper for instance and then finds it hard to get tenants who can stay, might try to entice present tenants to stay with lower rentals. This would therefore translate into a lower valuation for the property. At the point where you appear on the scene, some of these sellers are willing to accept a lower price to get a problem off their hands.
Things to note with this real estate investment method include spending some time with neighbours staying around the property in question to find out any hidden defects, bad tenants or crime related problems that the owner may not be telling you about the area. It may not be all the landlord’s fault.
In conclusion, we have spotted three ways that you can take into account when analyzing a real estate investment. Real estate investment can be said to be like any other form of shopping as you want the best quality for the lowest price. But do not be let paralysis by analysis stop you from taking action. Here’s wishing you all the best in your real estate investment endeavours!
Posted in Real Estate Auctions | Tags: Bargain, Estate, Investment, Real, Series, Spot, Success | Comments Closed
Why You Should Become an Ebay Seller
Are you currently looking for ways to make money online? If you are, you may have come across eBay. eBay is known as an online auction website. What is nice about eBay is that just about anyone can become an eBay seller, including you. What does this mean for you? Essentially, it means that if you have items to sell, you can do so on eBay; while making money at the same time. So, if you are currently looking for ways to make money online, you are urged to examine becoming an eBay seller, as there are a number of reasons as to why you should.
Perhaps, the greatest reason as to why you should become an eBay seller is because there are no minimum auction requirements. For you, this means that you could just test the waters if you wanted to. If you were unsure as to whether or not you should rely on eBay to make money, you may want to sell a few items that you no longer need and see how it goes. Should you like the eBay selling experience, you could continue on. However, if you were not satisfied with the results, you could stop selling on eBay right away. eBay is flexible to all sellers, particularly those just getting started.
Another reason why you should become an eBay seller is because it is easy to do. eBay has a relatively easy learning curve. When listing an auction or selling an item on eBay, you are given step-by-step instructions on how you list your items and get your auctions up and running. As long as you follow the instructions provided to you by eBay, you could have your items listed online in a matter of minutes. It has been said that those with minimal computer experience are also able to sell on eBay, without any problems.
Speaking of the items that you want to sell on eBay, you will find that you can sell just about anything on eBay, within reason. There are only a few restrictions, which include inappropriate content and such. For a detailed list of prohibited eBay items, you will want to visit eBay’s help center. Despite a few restrictions, there are a large number of items that can be sold on eBay. These items include real estate, vehicles, clothing, toys, movies, books, gaming consoles, computers, beauty items, and much more. Whether you are looking to sell something that you have in your home, something you bought from a yard sale or a thrift store, or something that can be dropped shipped from another company, you should be able to do so online with eBay.
The ability to make a profit is another one of the many reasons as to why you should become an eBay seller. What is nice about eBay is that they let you set your own price for your auctions. In fact, if you would rather outright sell your products, instead of selling them in a bidding auction, you can do so with “Buy It Now,” listings. The ability to set your own prices is one the many reasons why you should check out eBay. Having the ability to set your own prices increases your chances of being able to make a profit on eBay.
If you would like to become an eBay seller, and as previously mentioned there are a number of reasons as to why you should, you will want to register for a free eBay account. Although your eBay account is free, it will cost a small amount of money to sell items on eBay. Your eBay selling fees will all depend on how much you list your items for, as well as how much they sell for. Despite having to pay small fees, eBay is more than worth your time. The least that you should do is give it a shot. As previously mentioned, if your eBay selling experience doesn’t go as well as you had originally hoped for, you can stop and look for other online money making opportunities.
The #1 Real Estate Investing Secret for Tax Auctions
If you’ve been considering taking the leap into property investing, now’s the time. Tax foreclosures are the right place to start. Armed with a little knowledge, you can have some serious success, now more than ever. This is the best way to buy tax property – and for the least amount of money (often $ 200 or less).
1. Don’t even think about trying to buy property at the tax sale. The competition virtually guarantees you won’t get any good deals on property. The number of bidders going after the same properties is bad news. Plus, you can’t inspect them first – too risky. A property may look okay on the outside and be a disaster inside. To get tax sale property, you’ll have to go another direction.
2. You’ll wait until just before the end of the redemption period. By this far into the redemption period, most owners that can, will have redeemed their property.
The houses left at this point are likely going to be repossessed. Perfect – these will be good people/properties to deal with.
3. Get phone numbers for the remaining property owners. You can often find this information for free on the internet. The next step, once you’ve found them, will be to initiate contact.
4. Now, buy the deed. They’ll likely accept a small amount for their time – $ 200 or less. These owners aren’t viewing their property as an asset at this point – just a pain they’d like to get rid of.
5. Either sell and take your profits, or redeem and keep the property. If you’ve got the money, you can pay the taxes and hang on to the property.
Or let another investor buy from you and pay the taxes – you can still make thousands this way. This is the best and least risky way to get tax property. Now is the right time to take the leap into property investing – the economy has made sure there will be lots for you to buy. What are you waiting for?
Short Sale Listings
Where can I find short sale listings?
A real estate short sale has become a prominent thing these days and buying a short sale can create instant equity for a new homeowner, it’s one way to get a smoking deal on a new home, especially in this market. Although it was not always the case, these days most banks are requiring that a home that is going through the short sales process be listed with a REALTOR. This makes finding short sale listings much, much easier than it was just a few years back.
Okay, so REALTORS have them, but where can I find short sale listings?
REALTORS use system for letting other REALTORS know about their properties called the MLS, or Multiple Listings Service. The MLS will list all properties that are currently for sale by real estate agents in a certain area. The MLS is available only to licensed agents and brokers, but some agents have feeds on their websites that will allow visitors to conduct a limited search of MLS listings. Because every MLS is a little bit different it is not always easy for a novice to recognize which listings are short sales and which are not.
There are a few key terms to look for when looking through MLS listings to determine which listings are short sale listings. Here are a few dead giveaways for short sale listings:
* Short Sale
* Pending bank approval
* Subject to bank approval
* Pre-foreclosure
* Notice of Default
* Give the bank time to respond
* Preapproved by bank
* Headed for auction
The best way to find short sale listings will be to contact a REALTOR to help you with the search. An experienced real estate agent should know what to look for and to help you find that killer deal. Remember: if it is a GREAT deal act quick because great short sale listings don’t stay on the market for long!
Using Auctions as Your Real Estate Investment Exit Strategy
Article by Judson Voss
As a successful real estate investor, you need to first set yourself up with good deals, and then secure financing for your deals, and finally you also have to have a solid exit strategy for those properties you ultimately purchase and plan to re-sell. One of the best exit strategies, and one many new real estate investors don’t often think of, is using a real estate auction.
Using a real estate auction as an exit strategy can work very well for a number of reasons. By offering a property for sale through the auction process, you create an immediate attention which is focused on the property. This attention can lead to many more interested buyers than the traditional marketing process.
One advantage to using a real estate auction is that it brings a batch of buyers all together in one place and builds a sense of buzz and urgency for the sale of the property. By having a whole group of interested buyers for a property you build the pressure with which they are usually willing to try and obtain the property for themselves rather than let the other people in attendance purchase it. Buyers at a real estate auction often feel that they are insuring they are purchasing a property for its market value because of the other bidders in attendance who they had to outbid to win the property for themselves. If you have two or three buyers who really want a property, they can make your real estate auction really exciting and prosperous at the same time.
Another advantage for a real estate auction is that you can offer a property for sale without having to wait on realtors showing the property and hosting open house events. You simply let everyone interested know that the house will be going up for sale on a certain day, and allow everyone to come on that one day to make their offers if they are interested. This can greatly reduce your holding costs and allow you to turn over your properties much quicker than through traditional real estate marketing techniques.
Probably one of the biggest advantages to using a real estate auction as your exit strategy is that it removes you, the seller, from the negotiating process which usually happens when a property is put on the market for sale. You simply sell the home “as is” and the buyer is not given the opportunity to negotiate with you on price or closing dates. This greatly simplifies the process and makes it a lot quicker for you as the seller.
Posted in Real Estate Auctions | Tags: Auctions, Estate, Exit, Investment, Real, Strategy, Using | Comments Closed
Using Online Auctions To List Real Estate And Land For Sale
Article by Jack Bosch
Copyright (c) 2011 Jack Bosch
The Internet is the most powerful and modern tool you can use to advertise your land and property online. With all of the things that are now possible on the Internet, selling real estate online has created a whole new world of opportunities for sellers. Not only can you create your own website with property listings, index your real estate and land properties with major website, but you can also use online auctions as a way of posting your properties for sale. There are strategies that work well for online auctions that include lingking the properties that you are selling in the auction to your website. You can accept for direct from the listings and set up times and dates that you want all of the bids in by.
You can also use a combination of techniques like taking online bids, and having round robin telephone auctions towards the end of your auction. You can set up the properties and listings on your web site, but set up the bidding and auction at a different web site that hosts real estate and specifically land auctions. You can also do what’s called a reverse auction, where you start with a high price, and every few days, you lower the price until someone bids on it and wins. You can set the number of days before you change the price of the listing, and you can make it a first come and first serve type of auction. This can create a sense of urgency for the buyers that if they do not act quickly; they may lose out on the great deal.
Participating in online real estate auctions to sell land has been successful for a lot of sellers, this is very important because in this way you can show off, or publish your real estate and land list on internet. Online real estate auction are also a great tool to use in combination with other online advertising and by advertising in publications, you are able to reach a broad range of buyers. Once you have target groups that you want to reach, you can concentrate on each area of advertising to appeal to each group. Whatever method of advertising works the best for you depends on the type of buyers that you are trying to target. Some do a lot of their real estate shopping online, while others prefer printed advertising. Doing different forms of advertising is usually the most successful way to sell.
All You Need to Know About Foreclosed Real Estate Listings
Article by Daniel Smith
Foreclosed real estate is a great way to find a home at a bargain price, and avoid paying high commissions to real estate agents. But there is a great deal of new information to wade through if you’re on the lookout for foreclosed real estate listings, and a number of important things to keep in mind as you pursue a repossessed home.
Whether you’re shopping for a home for yourself and your family or strictly seeking an investment opportunity, the following tips may be helpful in selecting and buying a piece of foreclosed real estate:
- Where to Find Listings: You can find listings and information on upcoming foreclosure auctions advertised in local newspapers, real estate publications, from banks and mortgage lenders, and online. Web listings are especially helpful, because they’re usually updated in real-time to reflect changing sale dates. REDC is the nation’s largest real estate auctioneer and always has thousands of homes to bid on in person at live auctions or online at www.Auction.com
- What’s in the Listing? Most foreclosed real estate listings will tell you the date, time, and location that the property will be put up for auction, and may provide additional information about the property itself.
- What’s Not in the Listing? Don’t expect to see details of the property’s condition, or the reason it’s been repossessed, in the foreclosed real estate listing. That kind of information is almost never disclosed to new buyers. For auctions on the courthouse steps, you won’t be able to look inside the home, either, so be aware that there’s a lot of guesswork involved in purchasing a house at this type of foreclosure sale. Properties here will be sold in “as is” condition. REDC auctions, however, usually feature three open house dates for viewing and inspection and homes in these auctions are sold with title insurance to protect you.
- Starting Bids: Some listings will provide a starting bid for the property – an amount that is usually the total cost of outstanding loans, interest, and any additional fees accrued in the course of the repossession. This bid is the starting point for the property at a trustee sale auction, and will usually be posted online several days before the sale.
There are some amazing deals available in foreclosed real estate. Reading the listings and doing your research could put you on the path to a handsome profit and a great new home.
Posted in Real Estate Auctions | Tags: About, Estate, Foreclosed, Know, Listings, Need, Real | Comments Closed
Hard Money Loans Virginia Deals in House Flipping Loans
It is a time for you to explore the whole new world of Real Estate Investment Business. It is something which will benefit you in your Near Future. Just think about the fact that you are going to invest in your future life of comfort and luxuries. So take a step forward and understand some of the widely used terms like Fix and Flip, Rehab Money, Flipping Loans etc.
Your expected results are bearing fruits of SUCCESS, as you have a plan to invest in something safe and secure. All there needed is to make a quick but wise decision, regarding the selection of your property. You have another wise decision to make, to select Hard Money Loans Virginia, as your primary lender. If you are applying for a Flipping Loan, then you have to understand the terms with its true perspective. If you are going to purchase a property, which requires a lot of amendments and fixture. It shows that the property was not properly being looked after by its owner.
These kinds of properties are meant to be purchased at a wholesale rate, as no Retailer would go out for such kind of transactions. The property may be very old fashioned or greatly ruined by tenants. It means you are required to invest a lot of money on its rehabilitation and fixation, according to the present market trends. You cannot perform the whole task alone, and you need an agency like hard money loans Virginia, to invest in the fixation of that property. Such properties are called whole sale ones, as lot of investment is needed on these.
The situation also arises in another case, when the actual owner of the property dies and its near and dear ones don’t know what to do with it. Whether they are not interested in retaining it, as they may be living out of United States. So they want to dispose off that property, then it goes in market under the category of Wholesale Property. You know such kind of property is sold in Auction or in Foreclosure activity. The interested buyers may ask for Flipping Loan, to Hard Money Loans Virginia. The Flipping of any property means that it is available in market for resale after necessary changes and renovation process.
You may be a beginner in the field of real estate investment, but people earn a lot of profit over making investment in such properties, which big investors and even banks do not consider. Hard Money Loans Virginia is present to offer you such loan, for the benefit of your future. These properties are really in bad shape, so the big retailers find it as a waste of time and money, to spend so much on its FIX and afterwards FLIP. It is worth mentioning here that such kind of investment money usually comes from Hard Money Lenders. You have to get a real amount of profit after going into such business….As it is going to pay you really well and ultimately PAVE your way for a Prosperous and Comfortable Future…