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Getting back to the River- An insider note for Feb 8, 2008

By
Real Estate Broker/Owner with Family Crest Real Estate

It wasn't so long ago that the business of real estate was like a great river flowing by and all you had to do was stick your toe in and surely you could do some business.

Today, while some might think the river has dried up and they are soon to be dead from thirst, others have noticed that the river has simply moved and are making their way back to the river.

A small group might have noticed a new river- no not Foreclosures!- that river is being fished to death. 

The new way is an old way actually- FHA mortgages will surely get you more business in the short term as the Government will be on the fast track to kick the mortagage industry and get it going again.

If you don't know them, learn them.  Get to know the requirements for both buyers and homes. What are the county's loan limits? Also know credit scores, time on job, chapter 13 requirements, alternate forms of verification. 

Be sure that you know what makes a good roof, electrical system etc. Even the carpet is subject to FHA loan guidelines.

Get to know these loans and the FHA 203K Rehab loan too. There are plenty of fixers on the market. You might as well sell a few of these too.

Now, hook more buyers and sellers with these simple techniques-

I'd like a few more buyers and sellers

Thanks for looking>

Dan Dotson