Buying A Foreclosure For Your First Home

As a licensed real estate broker, I understand what it takes to get a typical ransaction closed. It takes time, patience, and the coordinated skill of several licensed professionals. That goes double for an investment deal. This brings us to the second reason as to why 99% of new real estate investors fail.

Please don’t ever let your love for a piece of property cause you to enter into an agreement you are not comfortable with, there are other homes, with other sellers.

Everybody knows how selfish kids can be. I helped to raise two kids for over 19 years, and in my family there are ten kids, and the older kids had to help raise the little ones, so I know selfish kids can be. Kids want to be the boss of everything…they want to run the show…eat sweets all day…buy all the toys in the store…they want to rule! Yes…I know selfish kids can be!

The pre-auction period usually ends between one to three weeks before the auction depending on the auction company and the terms it has worked out with the seller.

One way to go when looking at potential homes is through a Broker Vergleich. The agent will know not only the listings you can find online, but also many that may not be listed there. He can spend the time weeding through your potential selection to narrow it down for you. His familiarity with the locations will assist you when you want to be in a specific location. One thing you will find beneficial is that this broker can also show you inside the homes as you determine you are interested in them.

Loan Discount: Also often called “points” or “discount points,” a loan discount is a one-time charge imposed by the lender or broker to lower the rate at which the lender or broker would otherwise offer the loan to you. Each “point” is equal to one percent of the mortgage amount. For example, if a lender charges two points on a $80,000 loan this amounts to a charge of $1,600.

So next time you are preparing a newsletter, article, or brochure, make sure you give yourself permission to let your personality shine through. After all, you want people to want YOU to do the job, not just someone with similar skills.


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