Wednesday, January 6, 2010

To short sale 15 junker houses

Here’s some good news about the strength of home sales in 2010. These areas will be easier to sell homes because theywill take less days to sell. If you live close to any ofthese markets, these are great local markets to focus on.Find the high end neighborhoods in these markets and focuson the agents that list high end homes in high endneighborhoods. You can pinpoint zip codes to work in by using this FRE'Etool that tell you what the average price is per zip code.Pick the zip codes with the highest average sale price andyou will find the high end homes. This is an awesome tool to find values of homes by zipcode:http://www.melissadata.com/lists/ezlists/ezhomeowners.aspxYou should create a spreadsheet of zip codes with theaverage sale price and the number of foreclosures in thatzip code for the previous month. You can get the foreclosuredata from your local foreclosure data provider. If you don’thave one, you can get one for fre'e here: www.thebestforeclosurelist.comThen pick the zip codes that have the highest home valuesand the highest number of foreclosures for the month. Whenyou do this, you will notice that the zips codes that havethe ABSOLUTE highest number of foreclosures are the LOW ENDneighborhoods. Don’t pick those. If you want to learn how toshort sale 15 junker houses, go learn from the Nathan, theshort sale kid. I’d rather do 1 luxury deal per month

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