Now is the Time to Master Short-Sales

With the growing glut of foreclosures in the market today short-sales have become a very hot topic in the real estate investing arena.  Anyone wishing to expand their investing portfolio should seriously consider mastering the art of perusing and purchasing short-sales.

Mastering Short-Sales

There are a variety of factors leading to the major increase in foreclosures. Some would suggest adjustable rate arms shifting to high payments as one factor. Others would suggest that those who meant to sell in a reasonable amount of time found themselves still making payments a year later on a house they'd plan to have sold 6 months prior. Some just gave up.  However, many will agree that lenders released programs with such relaxed guidelines and high loan to value limits (many borrowers putting nothing down) that people bought houses they really couldn't afford.

At this point, amidst a year of great loss for all involved in real estate, lenders want to salvage some of the disaster. They recognize that they will profit more by avoiding a foreclosure sale. As such, lenders are much more amenable to a short-sale solution. That's where you
come in.

Consequently, now is the perfect time to master short-sales.  The opportunities are everywhere - the main benefit being that an investor, with the proper research and investment team, can buy an overpriced property at a price well under market value.

There are many gems out there with sellers who have fixed the house ready for sale. They are just waiting for a buyer to take it off their hands. You don't necessarily have to buy a fixer-upper or a "problem property." Mastering short-sales and finding a motivated seller equals major gains for your investment portfolio. Now is the time.