Short Sales and Investing

http://www.realtor.com/advice/short-sale-right/

Although this Realtor article is geared towards consumers, investors should realize short sales do offer a discount for buy and hold portfolios.

Our short sales are negotiated in-house, usually by referral and spread all around the Chicagoland area.  Our team specializes in handling short sales and we are a top producer team at Charles Rutenberg Realty, ranked in the top 5 for 2015.  

Before you stick bandit signs up or drive for dollars, consider saving time and marketing dollars by reviewing the short sales we handle!

Short sales we carry are usually:

• Owner occupied, so the heat/lights/plumbing is fully functional
• Need cosmetic fixes only
• Offer discounts are not as deep as wholesale or REO, but can be 20-30% below market value.
• In fewer bidding wars
• Plenty of time to work financing out, 4 months to close means you can put your funds to other use in the meantime.
• Short sales can be conventional or cash deals
• Deed restrictions of minimum 90 days are common, so flipping short sales is not a prime methodology
• Are ideal for buy and hold

YouTube Video of a recent Fox Valley Investor Group meetup in Elgin.

Auction Talk at 606 Haversham, Elgin

Consider too, our business team, The Keller Group, does a lot of short sales every year and the team has doubled in size.  Foreclosures and short sales are always going to be part of the housing economy.  There are 3,000 homes in pre-foreclosure in Elgin right now.   Our multi level marketing covers Elgin, the Fox Valley area and beyond,  across many different marketing and advertising channels.  And, we never use bandit signs or yard signs to find clients or attract buyers.  

The sooner you can tap into a reliable system of acquiring properties that have 9 out of 10 items on your Most Wanted list checked off, the sooner you can build your investing empire.  

Visit us on our Facebook Group Page for the deals we have now:

Fox Valley Investor Group