Real Estate Investor Tips to Buying Foreclosure Properties in Georgia Before other Investors
Oct 28, 2008
For all you real estate investors and Realtors out there that have been chasing the wind of other savvy investors now is the time to step up your game and beat out the competition. I was tired of wasting all my time and energy following around foreclosure properties for investors only to find out that the foreclosure property was already under contract. Sound familiar? If so, you should read the below real estate investor tips in Georgia, GA I found to work:
Real Estate Investor Tips in Georgia:
1. Choose a Real Estate Agent that knows how to network with other agents and spends time daily contacting the top foreclosure listing agents for help. Your agent should call around and ask to be on the foreclosure agent's property list via email that will be sent out BEFORE the homes hit the market on the local mls systems.
2. Tell your agent to set you up to receive foreclosure properties in Georgia as soon as they hit the market via email. It will take a team effort to become successful in finding the right properties at the right time so both you and your agent should research and check the newest listings each day.
3. Don't skip the homes that have no photos...that means they are too NEW to even have photos or that most of the other investors have skipped over the listings since they had no photos. You want to be the first real estate investor to get a shot at biding on the property so make sure you are the first one in the door.
4. Sometimes you have no time to get into the door before the offers start pouring in so just make sure you have 10 days due diligence to back out upon inspection and go with your gut...its usually right.
5. Make sure you structure your offers to take precedence over other offers including paying cash, having little to none contingencies, a quick closing date and a large sum of earnest money.
6. Research the homes to be auctioned BEFORE you go to the auction and have a realistic price you will pay BEFORE you get to the auction. Also, take your real estate agent with you.
7. PRAY
If you are an investor that is frustrated from chasing the wind of other savvy investors and want to find foreclosure deals first, contact me by email or phone. For foreclosure deals and to search all foreclosure homes in Georgia visit my website: www.TeamLeeHomes.com or call me at 770-313-1545 or email at TeamLee@TeamLeeHomes.com.
Happy Investing!
Jonathan Lee
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