Real Esates: Finding Great Deal in Today's Real Estate Market

'Real esates' is a common misspelling for 'real estate'. Regardless of how it's spelled, one thing is for certain – real estate is a hot topic of conversation. Recent newspaper headlines claim housing prices will continue to fall until the end of 2010. Homeowners can't decide if they should bail out now or try to weather the storm.

Real esates can refer to a wide range of properties including residential, commercial and raw land. Real estate can also encompass people or organizations that purchase properties for profit or non-profit purposes, such as Habitat for Humanity.

Professionals who engage in buying and selling real estate can be realtors, mortgage brokers or investors. Real esates investors engage in various types of financing techniques to buy and sell properties. Some investors remain behind the scenes as a silent investor. These individuals provide financing, known as soft money loans, to rehabbers, buyers and other investors. Profits are earned by charging interest on the loan.

Some real estate investors specialize in wholesaling. This practice involves buying distressed properties such as foreclosure and bank owned properties. Real estate is purchased significantly below market value and sold "as-is" to other buyers. Wholesaling can be lucrative for both investors and buyers.

Some investors purchase bank portfolios consisting of dozens, if not hundreds, of foreclosed homes. By purchasing in bulk, investors receive substantial discounts. Oftentimes, properties can be purchased for 50- to 60-cents on the dollar.

First-time investors and home buyers can find exceptional deals through real estate wholesalers. It is important to keep in mind most distressed real estate requires considerable repair work. Before making an offer, calculate the true cost of buying the house.

Wholesaling can be a lucrative business for investors able to build a solid network of buyers. Profits of 10- to 30-percent can be made per deal; netting thousands of dollars for locating a buyer.

The process of buying houses is complex. Real estate experts recommend working with a realtor or investor when purchasing foreclosure, bank owned and wholesale properties. Learn the ropes of how to engage in successful transactions through mentors who have been there, done that.

Today, many realtors and investors are specializing in selling short sale properties. When homeowners become delinquent on their mortgage note, some lenders grant short sale approval to avoid foreclosure costs.

Financial experts state the average cost of foreclosure is $60,000 per home. Using a short sale, mortgage lenders accept less than the borrower owes on their home loan. The homeowner must list their property through a realtor and locate a buyer within a certain period of time.

Short sales are rather challenging, so it is smart to work with a real estate professional that possesses experience in short sale transactions. This type of deal usually takes four to six months to complete. However, short sales can be a saving grace to struggling borrowers facing foreclosure and can make for excellent investment property.

These are just a few examples of how to locate great deals in today's real estate market. Experts agree there has never been a better time to invest. Before spending a dime, take time to become educated about the various types of properties and financing opportunities. Understanding the market can increase your profit margin
and decrease your risk.

Simon Volkov, private investor and short sale specialist, possesses a solid track record in buying and selling distressed real esates. Simon is accepting new members into his real estate investing network, where he offers a variety of exciting investment opportunities. Mr. Volkov is also available to help homeowners who need to sell their home to satisfy a short sale agreement. Visit www.SimonVolkov.com for details.

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