Foreclosures & Long Term Thinking !



The majority of people that want to buy a home are not investors. There is a large group of people who don’t want to buy properties now because they think prices will continue to drop. That may be the case but there is no one alive that can precisely time when the real estate market hits its extreme low as well as timing the extreme high.

The areas I specialize in are Foreclosures in Ft. Lauderdale & surrounding areas. People are waiting for the prices to drop further instead of realizing the Foreclosure home you purchase now will be lived in for a minimum of three to five years. Primary residential Foreclosure properties purchased today will be substantially higher in years to come. I don’t have a crystal ball but if you bought a property at below market value five to ten years ago is it worth substantially more today ? Absolutely !

The point is that Foreclosures are sold below the present market value. Now is a phenomenal time to buy a Primary Foreclosure Residence. There is financing for Foreclosures !

Buying a home is not only about price. In the simplest of terms it’s a place to live. Everyone needs a roof over their head. You are not buying a home to flip it ! The big questions to ask are: Am I buying a home to sell and make money short term or am I buying a place to live? Am I buying a place just because it’s a good buy ?

In realty you are buying a home because you like the home, the area, the schools, the amenities and it suits your needs.

Remember, no one will time the very bottom of this market !

We are in very bad economic times and the fortunate few that can get financing or have the cash available to buy a primary residence should think about the long term positive aspects.

South Florida including Dade & Broward Counties has experienced a great blow in housing prices. Anyone who buys a property today will be very grateful in five to ten years.

Tony Hammer
Certified REO & Foreclosure Specialist
954-394-8216

EWM Real Estate-A Warren Buffett Company
1700 E. Las Olas Blvd. Ste. 103
Ft. Lauderdale, Fl 33301
tonyhammer10@gmail.com

http://www.tonyhammer.com/
http://www.foreclosuresfromthebank.com/

Foreclosure Buying Made Simple !


Foreclosures seem like a big mystery to mostly everyone. There’s so much information about Real Estate and other things out there that most people are totally confused. We can thank the internet for being invaluable and also supplying us with so much info we don't know what's really going on.
I think at times James Bond couldn't figure out how to buy a Foreclosure. Where do I look for them ? Who sells them ? Are they legitimate ? How do they happen ? Where do they pop up from ? Can I buy one ? Are they for real ? Can I really buy a house that cheaply ? Will they Explode ? Anyway.....I am going to try and simplify the confusion.
To start with Foreclosures are properties owned by the bank because someone did pay their mortgage. The bank in turn takes the property from them. Now what do they do ? They have to find a way to sell these properties. Remember the bank is not in the Real Estate Biz. That's where people like me come into place. The bank gives the property listings to Realtors to market, maintain and sell.
Realtors advertise them with the Multiple Listing Service and a host of other sources like internet, print and so on. Now I guess you wondering where do you come in ? Simple ! All Real Estate Agents have access to all the Foreclosures through the Multiple Listing Service.
How do you buy one ? Simple ! Call me ! That's one way, however, if you want to buy a Foreclosure just contact your local Real Estate Office or Realtor and ask that person to show you properties listed as Foreclosure.
The next step is to find a property you like and make an offer. This is where it could get complicated and you need to find an experienced Realtor who will understand how to handle the negotiation, You are not buying the house from a normal seller. You are buying from the bank ! The bank has no emotional involvement about the offer. They want to sell the property and have the process go as smoothly as possible without wrinkles.
So what do you do ? Find a Realtor who understands the necessary paperwork and process involved. You will need to supply a deposit and proof of funds or a legitimate pre-qualification approval letter from a lender. The bank wants no hassles and wants to know you have the MONEY ! The other factor is YOU and the REALTOR need to be conscientious about the timing. Timing is crucial in the process. The bank doesn't want to waste time waiting for the MONEY or the Contracts to be signed.
Foreclosures are a fantastic opportunity to buy a property at a reduced market value. I wish everyone good luck in their property hunting.
My name if Tony Hammer and if you want to buy a Foreclosure Contact me anytime ! I am a Certified REO & Foreclosure Specialist in Fort Lauderdale and surrounding areas. By the way, REO stands for Real Estate Owned by the bank.
Tony Hammer
954-394-8216
www.tonyhammer.com
www.foreclosuresfromthebank.com

EWM Real Estate-A Warren Buffett Company
1700 E. Las Olas Blvd. Ste. 103
Ft Lauderdale, Fl 33301