Gary White FlexIt Realty~Real Estate & Updates, Grand Rapids & West Michigan

Foreclosure has become an epedemic of national proportions.

The rate of foreclosure and bankruptcy in Michigan has skyrocketed.  Just in Kent County we are seeing an average of 10 foreclosures a week.

Many homeowners facing foreclosure can not work out anything with lenders.  They have found the lender won't take their money.  Pay them all or nothing. 

Seems odd that a lender would turn down money.  We are being told they don't want the properties yet when home owners try to pay portions....doing what they can the lender says, NO!

Here is a little video that shows something that many will have not idea exists.  Many lenders lose the notes on the property.  How? Some just have sloppy paperwork other bundle and sell the notes and they get sold so often they are lost!

Doesn't that make you feel better putting your money in a bank?

Here is a video I have been allowed to repost from CNN Money.

Click and see for yourself....you may be surprised.  There is a 30 second spot commercial before the video.  http://money.cnn.com/video/news/2008/06/20/news.hunter.produce.note.cnnmoney/

Embedded video from CNNMoney.com Video

If you live in the Grand Rapids or the West Michigan area, are not under contract and would like to sell or buy a home....give me a call.  It could save you thousands in your next real estate transaction.  FlexIt Realty designs selling and buying programs to meet our clients needs.  Your call is always confidential and you are never pressured.

"Help is only a Call or Click away!"©2006-2009

Call Toll Free:  877-667-4699   Local: 616-784-2360 
Email: garywhite@FlexItRealty.com

When you think you have the winning bid and then find out your bargain priced foreclosure deal or HUD purchase slipped through your fingers for a few thousand dollars it is a sinking feeling.

This scenario plays itself out across America every week.   It is easy for an investor looking for deals.  Investors only bid on bargains  that fit their portfolios and if they don't win a bid there is always another home the next day or week available.

It is much more difficult to miss a home that fits your needs if you are an individual buyer and not a multi property investor. 

It takes search time.  It takes evaluation and insight into what it can be not what is staring you in the face.

Many buyers cannot see past the wrong paint or bad carpeting or needing a new roof.  They miss the beauty and future the home holds for them.  Submit a conservative bid, loose out and be disappointed when things that don't work out.

Start all over again...search for another home.  You'll find something hopefully that matches your goals and you will be a whole lot smarter the second time around. 

Having professional help with local market knowledge can save you thousands of dollars, time and energy in the search process.  Professionals can help you define your needs, zero in on features and benefits that match your lifestyle and family requirements. 

Finding the right HUD or Foreclosure can be a wonderful opportunity to save thousands of dollars and begin a new chapter in your life.

Looking for a great deal with professional help,

Call Toll free: 877-667-4699
Local: 616-784-2360

Email: garywhite@flexitrealty.com

Help is only a Call or Click away!

Have you noticed the "New Investor"?

The faces have changed but the short term intent is the same.  The near term is completely different and you may end up with a long term client.

The new investor isn't based on the normal income brackets, age groups or demographics.  The investor is your first time buyer.  Most are using the HUD or Foreclosure purchase option to get into their first home...but it is only for a 2-4 year commitment then they are going to flip that home for a profit and move to their next home. 

The second home may be a longer term home for them.  The fact that the first time buyer/investor is realizing an option of this magnitude is a departure from the normal first time buyer thinking process.

They have decided that this is their chance to get into the home ownership market and make money.  Reduce the cost of the second home.

I have had at least 20 young investors looking for homes share this scenario.  During my interview process I ask the leading questions.  Most of the normal questions of square footage, they may not know. Ask how many bedrooms and they always know, this gives me my square footage.  Numbers of baths, dining room  basement (for parts of the country that have basements), garage size the basic questions.

Then I depart from the usual for a second.

• How long do you plan on living in the home?
• Where would you like to be in 2-5 years?
• Are you using this as a stepping stone to your next home?
• Will you consider buying other homes and fixing them up if this purchase works for you?
• Have you thought about being a landlord?

Depending on the answers to these questions you can offer some real guidance on this purchase and formulating a plan for the next purchase!

So it is possible to turn your first time buyer into a three, four or five time client.  It would make them nothing but happy to have you help them reach their goals.  Client will appreciate your professional market knowledge both in the buying process and helping them sell when they are ready for the next phase of the plan. 

Have you noticed the "New Investor"?

If you live in the Grand Rapids or the West Michigan area, are not under contract and would like to buy or sell a home....give me a call.  It could save you thousands in your next real estate transaction.  FlexIt Realty designs selling and buying programs to meet our clients needs.  Your call is always confidential and you are never pressured.

"Help is only a Call or Click away!"©2006-2009

Call Toll Free:  877-667-4699   Local: 616-784-2360   Email: garywhite@FlexItRealty.com