Expert Real Estate Investor, Jeff Kaller, Explains why the Cost of Homes on the Market has Declined
Released on: March 26, 2008, 3:57 am
Press Release Author: Mark Maupin
Industry: Real Estate
Press Release Summary: Due to the huge increase of home foreclosures across the nation, the cost of homes on the market has lowered. This could mean opportunity for anyone who wants to take advantage of the current real estate market.
Press Release Body: As interest rates rise more and more homeowners are falling into foreclosure situations. This causes the real estate market to be flooded with affordable homes for sale. Since lenders want to encourage consumers to purchase homes, interest rates are being lowered as well.
Furthermore, investors can utilize the "short sale" strategy which will enable them to negotiate a low purchase price. A 'Short Sale' is where the bank takes a lower payoff amount in order to allow the homeowner to avoid foreclosure. A homeowner looking to sell their house can make the deal even sweeter by utilizing the buyer\'s appraisal to price the property rather than using an independent appraiser. In most cases the bank does not want to own their property because it costs them tens of thousands of dollars to foreclose, rehabilitate market and sell a property. Taking less than what they are owed actually nets them more money in the long run and helps you avoid the credit issues associated with a foreclosure.
Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. Check out his workshops- Jeff is doing them all over the country http://www.jeffsworkshop.com/ Contact Information: Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email Address: mgeronimo@thejeffkaller.com This Press Release has been submitted by PREasy.com
Web Site: http://www.jeffsworkshop.com/
Contact Details: Mark Maupin 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email:mgeronimo@thejeffkaller.com