Real estate blog entries tagged with foreclosure by Jen Hudson - Stanwood, Camano & Arlington,WA (RE/MAX Signature)

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foreclosure: Investors or Anyone. Don't put all your Eggs in One Basket. - 12/30/07 02:41 PM

Now is the perfect time to consider investing in the real estate market. But, you should NOT just run out and buy the first property that comes along. There is some planning that you should do first.
With that said, don't put all your money into one basket. In order to invest … (0 comments)

foreclosure: Why Real Estate is Better than Stocks. - 12/29/07 06:00 PM

The thing I love about real estate is that it allows you to leverage your money. Here's what I mean.
Let's say that you have $40,000 to invest.
Option 1. You find an income producing property, maybe a little run down that is only $200,000. You put 15% down, or $30,000 and … (50 comments)

foreclosure: Foreclosures. Do Your Research! (Part 4) - 12/27/07 05:40 PM

Thorough research should be REQUIRED if you are interested in purchasing a foreclosure. This is research that you need to have completed before the morning of the auction. Purchasing a property without doing your research can result in very unwanted and costly surprises. Keep in mind that even the most diligent … (6 comments)

foreclosure: Foreclosures. How long before it’s mine? (Part 3) - 12/27/07 05:37 PM

If you are considering buying a property at a tax foreclosure auction, there are many RISKS you should be aware of. Remember, auctions are BUYER BEWARE sales. I can't stress that enough. The County will make no representation about anything regarding that property, so it's up to you to deal with … (0 comments)

foreclosure: Buying a Foreclosure? Think First. (Part 2) - 12/27/07 05:33 PM

There is a misconception out there. Many beginning investors and homebuyers automatically think foreclosures are a good deal. Unfortunately, I'm here to tell you they rarely live up to the "hype" and they are certainly not easy.
Sellers who go into foreclosure will stop making payments for a variety of reasons. … (3 comments)

foreclosure: Foreclosures. It goes back to supply & demand (Part 1) - 12/27/07 05:29 PM

Think about it this way. Real Estate is all about supply and demand. In my area, almost all short sales and foreclosures are listed through our multiple listing service. These homes are available on the market, just like all the other homes in the area. Good investors do not like to … (2 comments)

foreclosure: Sellers, how do you compete against DESPERATE sellers? - 12/20/07 06:33 PM

I recently had the situation arise where a buyer I was working with was drawn away from a beautiful home, for the chance to buy a short sale. Unfortunately, this is not the first time I have seen this and it got me to thinking. How are my sellers supposed to … (16 comments)

foreclosure: We live in a litigious society. Be cautious. - 12/19/07 02:20 PM

I love selling real estate. Each day, I wake up and I'm excited! I get to sell real estate!
Unfortunately, our society is a very litigious one and we need to take precautions to avoid misunderstandings down the road between all parties involved.
Here are some points I always consider to help … (12 comments)

foreclosure: Our market is HOT in Snohomish County! - 11/11/07 01:58 PM

Let's talk about what is really going on with real estate in my local area - Stanwood, Arlington, Camano Island and most of Snohomish County in WA.
The most important thing to remember is that Real Estate is LOCAL!
The strength of our economy is one reason why housing in our area has … (4 comments)

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