Real Estate Investing: Working with the Changing Market

By Bob Brabb

The sad state of our economy and the declining values in real estate has created an opportunity for home buyers and real estate investors.

If you are considering taking advantage of the opportunity, you will find the following information to be helpful:

Finding the property

Let's take a closer look at the current situation, or what I call the "Perfect Storm" - Massive over-saturation of bank-owned properties - Downward spiral of the economy - Low interest rates (the lowest in 80 years)

This is a buyers market with many great buys on real estate all over the US. There is a variety of deals located in urban, suburban and rural areas with asking prices below their potential market value.

Taking Action

How does one leverage their funds and utilize their time if they are working a full time job and struggling to make ends meet? The recommended solution that has proven successful over and over again in real estate investing is to work with a professional. Find a real estate investor or other real estate professional, who has knowledge in the market and can help you find great deals. Teaming up with a real estate professional that provides a great service will ensure your success in real estate investing.

Providing a great real estate service generates more business through client referrals; referrals are a key to an investor's success.

A good realtor knows the housing market and can help you to avoid time wasted, missed opportunities and financial loss. Going it alone could set-up you up for disaster as a beginning real estate investor.

There are plenty of on-line real estate investors and listings for great deals, which are accessible to the general public; there are also data bases for licensed agents who pay for the service. Your real estate agent will have access to the necessary tools and will possess knowledge of the latest technology so you will be the first to be informed about great real estate buys.

A successful closing

Closing the deal can be a challenging experience. A real estate professional must always remain 'on top of things' to successfully get to the closing table and finalize the transaction. A real estate professional will know the best way to structure the deal for a smooth transaction whether you're working with foreclosed homes, HUD properties, wholesale investing or one involving a short sale.

Locating a Realtor

Talk with Investors in your area, join local REIA clubs and attend meetings hosted by Realtor organizations to find the Real Estate Professional that will support your real estate business. A lot of real estate investors like to work in partnerships; many like to mentor new investors too.

The market is ripe for real estate investing; supply is quite high and few are buying; therefore, the prices are great. Work with an experienced real estate professional who can act as a mentor if you are new to investing. Even experienced real estate investors benefit from forming partnerships.

About the Author:

This article was written by Bob Brabb a Real Estate Investor with experience in bank foreclosures, pre-bank foreclosures, short sale negotiations, wholesale transactions and many other investing strategies that work well in our constantly changing market. The Brabb Team utilizes the latest technologies in market research, and business strategies to exceed their clients' financial goals and expectations.