In the next few years, we will see the numbers of foreclosed homes increase significantly in the continuing housing downturn. A number of factors have caused the current situation, but the reality is that many homes that were purchased in the past 5 years will go to foreclosure.
As this situation developed, some of our clients came to us and said they would like to buy a foreclosed home and could we help them. This request resulted in The Largent Team developing a service that involved a pre-sale evaluation of the subject property; a detailed analysis of the immediate area market conditions; and a projection of needed expenses prior to re-selling the home on the open market. We then represented the investor at the public auction, following the clients guidelines as to how much would be paid for the foreclosed home.
This program has been very succesful for a number of investors, and we have made the decision to add additional investors that have an interest in buying foreclosed homes. The investment return has been very good, and the risk is kept to a minimum due to the investigation and due diligence in property evaluation conducted by our staff in advance of the Court House auction.
If you are looking to invest in foreclosed homes, please e-mail me for a detailed breakdown of the Service, where these questions will be addressed: What is the Service? How does it work in detail? What kind of investors are we looking for? How much will be needed for the initial investment? What is the risk?
This is a good opportunity for real estate investors…please e-mail us for details.
ronlargent@kw.com www.ronlargent.com
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