Mik Cohen - Listing Broker of Fine Homes
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CRAZY MARKET

9/26/2010

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I was going to rant about statistics and current real estate trends, but decided that I'd be just another drop in a sea of BS.

I'm going to concentrate on the positive - because there's enough negative crap going around.

This market is amazing for us, here at New To You RE, LLC.

We've been concentrating, exclusively, on real estate wholesaling - since February, 2010 and our business has really been taking off.

Why did we step away from short sales ?
Too time consuming and our experience continued to produce less and less "solid" values in the deals we were getting approved.

As we always insisted on the foreclosing lender(s) releasing our Seller(s) from any/all future deficiencies - in other words, we required the foreclosing lender(s) to surrender their deficiency rights - we continued to see a decline in our "approved" offers.

Wholesaling is challenging, but VERY rewarding.

Challenging because we MUST ensure that we're contracting for a great value that we can pass on to our end buyer.
Challenging because we, generally, have a short timeline-from the time we contract to purchase-to get the property assigned to our end buyer.
Challenging because, if we overlook anything, we may get stuck with a property.

Rewarding because when it all comes together - BANG !!
Nothing like getting a nice, fat, check and knowing you passed a great value onto a buyer that you searched for and found.

If you're interested in seeing what real estate we have available - check them out here.

 
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