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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
www.CharlesParrish.com
www.AuctionBrokers.net
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