INVESTMENT PROPERTY with Barry Britt Real Estate and Coldwell Banker RMR

Foreclosure and Bank-Owned Property is One of the Best Real Estate Investments You Can Make.

Coldwell Banker RMR
Barry Britt Real Estate
790 Peachtree Industrial Blvd
Suite 100
Suwanee, GA 30024

678.318.7911

info@reoprosystems.com

House hunting can be a very daunting experience, especially in today's ga foreclosure real estate market. Both investors and homebuyers have been priced out of the market by escalating costs, and good real estate deals are increasingly difficult to find.

There are bargains out there, for people who know where to look.
You can start by checking our ga foreclosure inventory by clicking here.

"For people willing to do some homework, the foreclosure market offers some of the best opportunities in real estate today," explains Barry Britt, Principal and Managing Broker at REO Proformance Systems of North Atlanta.

Web-based services can give consumers access to foreclosure and pre-foreclosure information that was previously available only to professional real estate brokers and investors. Click here to use our Foreclosure Search Engine to locate hundreds of available properties in and around the Metro Atlanta area. Today, REO Proformance System's homebuyers can use these services to assist them in identifying and researching potential home purchases, as well as the tools and professional resources they need to help them close the deal.

With interest rates ticking up and ARMs adjusting upward, experts predict an increase in the number of foreclosure properties on the market.

"Foreclosure properties can be a terrific investment, or give homebuyers a much more affordable option than traditional properties," notes Britt. "But they're not a way to get rich quick, and a foreclosure purchase needs to be approached in an educated, intelligent manner."

REO Proformance Systems offers three tips to help you close a deal on a foreclosure property.

1.	Learn about the different types of foreclosure properties, and the foreclosure process. There are three basic types of foreclosure properties, representing different stages in the foreclosure process: notice-of-default (NOD) and notice of trustee sale (NTS), which are both pre-foreclosure properties; and real-estate-owned (REO), a foreclosure property which has been re-purchased by the bank.

2.	Secure financing early. It's important for a buyer to be pre-qualified before engaging in discussions with a seller. This ensures that the buyer is in a financial position to purchase the property, and is in the strongest possible position to negotiate. It's best to work with a lender who understands the foreclosure process, and can guide the buyer through certain steps, such as ensuring that a property is FHA-compliant. Another reason to consider pre-qualification is that not all lenders finance foreclosure properties. Having approved financing in-hand makes negotiations with both the seller and the lender easier, and may even make it possible for the buyer to simply cure the default and take over the existing loan to reduce loan processing fees.

3.	Engage an REO Proformance Systems Buyer Agent as your representative. "Buyer's representatives" have the home buyer's and investors' interests at heart, and are charged with finding the right property and negotiating the best price for their clients. Picking the right real estate agent will make a buyer's life much easier. There are agents who specialize in the foreclosure market, with specific experience in REO properties. An REO Proformance Systems an agent has foreclosure transaction experience, as well as knowledge of local, regional and state laws. We also have extensive knowledge of the area; the ability to close a deal; and the ability to access other professionals (attorneys, lenders, mortgage and title professionals) to ensure that the buyer is in good hands.

Your best interests are served when you work with a Buyers Representative AND COMPANY whose sole focus is foreclosure and bank-owned property. Call 678-318-7911 or click here to schedule and appointment.

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