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Top Five Tips for Buying a Foreclosed Home

By Stacey L. Bradford,
Associate Editor, SmartMoney.com

RIGHT NOW, IT’S anyone’s guess when the housing downturn will finally hit bottom. But if you’re looking to buy a home now - and plan to stay in it for a while - there are plenty of bargains to be had on a foreclosed property.

Banks are often willing to sell foreclosed homes for up to 20% below market value just to get these troubled properties off their books, says Rick Sharga, vice president of marketing for RealtyTrac, a web site that lists foreclosed properties. With foreclosures at an all-time high in the past year, there’s no shortage of these opportunities to pursue. However, prospective buyers should know that closing on that super-cheap distressed home is often a lot more …

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LifeChanging Stories

“Thanks so much for such a great seminar on Foreclosures that you held in Key West, Florida. I must say that of all the seminars I have attended, this was one of the most productive and informative. Your teaching style and great stories really helped make this material interesting. And of course, I will forever cherish “my Oscar” award that you gave me.”

Rudy Molinet, Principal Broker Marquis Properties Realty

Dear Andy,

Steve and I want to thank you for all the help you have given us. Especially when you don’t even know us, it’s extremely nice of you to take the time. When you have no one to turn to it’s comforting to know we can call you.

Thanks again,

Debbie

Recent Blog Posts

Can One Player Really Blow the Whole Game? Short Sales Broken Down!

This past Saturday I watched the Florida Gators play Mississippi State. It was painful to watch, all the way to the very end where we had a few seconds left and a field goal would have tied the game and given us a chance at redemption. Kicker Chas Henry steps up and… MISSES!!! Game over. Gators Lose. Cameras focus in on the defeated face of Henry and you can see in his grimace that he knows he just lost the game.

You see, he’s actually not a field goal kicker at all! He’s a punter (and a really good one at that!) who’s filling in for the regular kicker who’s out with a back injury!

Besides… could he single-handedly have lost …

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Is Your Marketing YUMMY enough to eat?

Fast food restaurants spend thousands of dollars just taking one picture of their new burger to make it look SOOOoooo yummy that you want to drop everything and get in the drive thru line and try one. How much time are you spending to make YOUR marketing get prospects’ attention? Probably not enough! One area you might need to focus on more is Copywriting. Simply put, it is writing what you’ll say in your ads, flyers, MLS listings, etc. So today I present:

Top 5 Tips to Amp Up Your Real Estate (and any other) Marketing… and Turn Your Phone Into a Money-Spewing ATM Machine!

#1 Tip: Know Your Audience!!! Spend a big chunk of your time narrowing …

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