Real Estate Investing: Working with the Changing Market

By Bob Brabb

Real estate can be funny thing; there are some strategies in real estate investing that are only successful when the economy is down and values are declining.

Are you ready to take action and maximize the situation? Here are some tips for investing in today's market:

Finding Great Deals

Look closer at the current situation in today's real estate market, which I call "The Perfect Storm" We have an over-abundance of bank owned properties and foreclosed homes The economy is down; many are unemployed Interest rates have recently hit record lows

We are in a buyer's market! There are many great deals available on real estate in all types of neighborhoods across the nation. You would be surprised at how low some of the asking prices are for houses.

Getting Started

How does one leverage their funds and utilize their time if they are working a full time job and struggling to make ends meet? The recommended solution that has proven successful over and over again in real estate investing is to work with a professional. Find a real estate investor or other real estate professional, who has knowledge in the market and can help you find great deals. Teaming up with a real estate professional that provides a great service will ensure your success in real estate investing.

Referrals are a real estate investor's life blood; Good business sense breeds more business just as quickly as poor service loses business!

A good realtor knows the housing market and can help you to avoid time wasted, missed opportunities and financial loss. Going it alone could set-up you up for disaster as a beginning real estate investor.

The real estate industry has evolved and embraced the technology that is available today via the Internet, and other communication/media. Your realtor has the tools and leading edge technology so that you can become a "VIP buyer and beat other buyers to hot new leads, by allowing you to be the first to see every deal in your area.

Closing the deal

Closing the deal can be a challenging experience. A real estate professional must always remain 'on top of things' to successfully get to the closing table and finalize the transaction. A real estate professional will know the best way to structure the deal for a smooth transaction whether you're working with foreclosed homes, HUD properties, wholesale investing or one involving a short sale.

Locating a Realtor

Talk with Investors in your area, join local REIA clubs and attend meetings hosted by Realtor organizations to find the Real Estate Professional that will support your real estate business. A lot of real estate investors like to work in partnerships; many like to mentor new investors too.

The market is right for real estate investing; experienced real estate investors know how to recognize opportunities in today's market. If you are considering entering the real estate world, it is recommended that you find a mentor to work with. Real estate partnerships are also valuable to the experienced investor.

About the Author:

This article was written by Bob Brabb a Real Estate Investor with experience in bank foreclosures, pre-bank foreclosures, short sales, wholesaling real estate and many other investing techniques that work well in our shifting market. The Brabb Team utilizes the latest technologies in market research, and business strategies to exceed their clients' expectations.