2007-01-05 05:22:12 · 9 answers · asked by scottyo 2 in Business & Finance ➔ Renting & Real Estate
Not hard if you have 22 years experience- I recommend you try to find someone(a realtor ) who knows the market and is involved in selling and/or marketing repos. Selling them quickly may involve adjusting the price down but this is usually not a bad idea! There should be several agents who do this. Also try to find a mentor and most of them will be more than happy to help you along. If you let me know where you live I may be able to help. I am a Real Estate Broker and Have been involved mainly in investing for a good while. Knowledge is the main thing which will allow you to conquer FEAR and move forward combined w/action!! Best of Luck
2007-01-05 05:44:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Its virtually impossible to buy a home at a big discount from the courthouse simply because you basically need to pay cash for it, and there are so many other people doing it the spreads aren't as good.
If you can get a house prior to repo.. Get it under contract for cheap and sell the contract.. That is quick money but its much less.
2007-01-05 13:28:55 · answer #2 · answered by camrenalexis2 2 · 1⤊ 0⤋
If you have money, it is easy to buy. Selling it quickly, you will be needing a help. Try to visit 4thishouse.com they have a great program there. For a low Flat Fee, you can have an MLS listing without listing commission. Their number is 1-877-484-4746. It's great and cheap try it too.
2007-01-05 15:30:25 · answer #3 · answered by Jhem 2 · 0⤊ 0⤋
Low bid auctions are an alternative way of buying property cheaply.Typically you buy for less than 5% of market value, you don't have to 'do up' the property and when you sell at full market value you could make a substantial profit.
2007-01-06 18:54:17 · answer #4 · answered by humee 1 · 0⤊ 0⤋
BUying is pretty easy. You are going to neeed cash money, they are literally sold on the court house steps. It happens really fast, so have someone help you the first few times. While you are figuring out what the heck is up it is over with.
THe selling quickly is harder.
I buy them, but keep them and rent them out.
2007-01-05 13:35:49 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Sometimes. Repos normally sell for market value. Their sometimes slightly lower price is usually because the've not been prepared for sale -- dirty, repairs needed, sometimes full of trash or abandoned personal belongings, etc.
2007-01-05 13:26:56 · answer #6 · answered by Bostonian In MO 7 · 1⤊ 0⤋
It can be very good and easy. Go read the info on the following site. You have to do your homework
2007-01-05 14:27:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Just be humble and don't be vulgar at cashing in in someones misfortune, OK?
2007-01-05 13:28:21 · answer #8 · answered by zarnticolz 2 · 1⤊ 1⤋
what do you mean by easy and what do you mean by decent?
2007-01-05 13:25:16 · answer #9 · answered by shyteforbrains 1 · 0⤊ 0⤋