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This Weeks Featured Article
REIF Announces Flat Fee Pricing for Foreclosure Auction Property Buyers
Redmond, Washington - Real Estate Investment Firm, the premier distressed property consultants in the region announced a new flat fee pricing structure for their clients and investors who purchase properties at the foreclosure auction in King, Pierce and Snohomish counties.
The latest news from REIF comes on the heels of their recent successful launch of their acclaimed online foreclosure tracking platform, a state of the art website which tracks and provides real-time updates on properties in foreclosure exclusively to REIF clients. In today’s announcement REIF implemented a pricing policy that instead of charging buyers the customary 3% commission, REIF has decided to drastically cut that cost by only charging a low flat fee that is based on the county in which the property was purchased. The new price their clients will pay when they purchase a foreclosure auction property is $3,500 in King county, $3,000 in Snohomish and an astonishing $1,500 for all foreclosure auction purchases in Pierce county.
REIF is the first and only full service foreclosure auction group in Washington to adopt the flat fee pricing model for their clients. Savings for a buyer on a typical $350,000 foreclosure auction purchase in King county would equal $7,000 by paying REIF’s flat fee verses paying the typical 3% commission still being charged by REIF’s competitors.
Those interested in learning more about the services REIF provides their clients are encouraged to attend one of their free weekly foreclosure buying workshops held every Tuesday evening at 5:30 pm at their downtown Redmond office.
King County Foreclosure Auction - September 2008 Sales Stats
Below are the foreclosure sale statistics for the month of September 2008 at the King County Foreclosure Auction. The foreclosure auction takes place each Friday beginning at 10:00 a.m. at two locations in King County. In front of the King County Administration Building in Seattle and in Factoria outside the offices of Northwest Trustee Services [...]
When It Comes To Investing in Foreclosures or Other Distressed Real Estate ~ “Be Fearful When Others are Greedy, and Greedy When Others are Fearful”
“Be Fearful When Others are Greedy, and Greedy When Others are Fearful” ~ Warren Buffet 2004
The above quote was written by Warren Buffet in his 2004 letter to shareholders of Berkshire Hathaway. At the time Mr. Buffet penned the remark he was commenting on investors who try to “time the market” and was saying that if they insist [...]
Benefits of the Current Market - Why now is a great time to buy Foreclosures!
The following is a very insightful video-blog from Zach Anderson at Zach Anderson at Cobalt Financial Services about the current market conditions and the opportunity that is available during this turbulent time. Zach is a Certified Mortgage Planner and Strategic Wealth Advisor with CFS.
If you would like to learn more how you can benefit and profit during this historical time [...]
The Credit Crisis ~ Is the Federal Bailout the Best Solution?
The following article is a very helpfull explanation about “mark to market” otherwise known as FASB 157, a Federal Regulation requiring banks to report or “mark” their assets to the marketplace each day.
Thank you Dean Ono from The Legacy Group for the valuable information and allowing me to repost it here for all of you.
The Chinese have [...]
Two “Gems” purchased at the July 18th Foreclosure Auction
The foreclosure auction was very good for our investors on Friday July 18th 2008.
We purchased two properties at auction that day and both were exceptional deals. The first property was a beautiful home in the Bridle Ridge neighborhood of Bellevue. Tne home was last sold in December 2006 for 1.099M. The prior owner then proceeded to [...]
Understanding the “Saver vs. Investor”—A New Way of Thinking
The difference between savers and investors
There is an important difference between people who save their money and people who invest their money. It’s leverage-the ability to do more with less.
Old beliefs and financial habits are deeply ingrained and hard to change. Yet educated investors know how to use leverage and other people’s money to create [...]
Sucessful Week at the Foreclosure Auction for our Investors!
Due to the 4th of july holiday, there were two foreclosure auctions held the first week of July. One on Monday July 7th and the other last Friday the 11th. As expected, Monday’s sale was pretty light, but we were able to pick up a great Renton Townhome for an investor.
The property was built in 2004 [...]
How Appraisals Work
Thanks for coming back the final segment of Scott Linson’s wonderful real estate investment advice at Real Estate Investment Firm’s recent educational meeting for our investors about property valuation. Let’s talk about how property appraisals work–your own version, as well as those by professional appraisers.
When it comes to your property’s appraisal, it’s important to understand the components used [...]
Tips on Evaluating Investment Properties
This is the continuation of sage real estate investment advice from Scott Linson at Real Estate Investment Firm’s latest educational meeting for our investors. This time, let’s talk about how to evaluate investment properties. It’s important to find the right value of the property you’re interested in. Several factors should be included in this.
Determine Your Project [...]
How to Find Investment Properties
It was standing room only with many first-time visitors at Real Estate Investment Firm’s most recent educational meeting. Scott Linson, President and CEO of American Home Team, Inc., gave us an informative presentation about how to evaluate a property in today’s market by determing ARV.
His useful and timely advice stems from 10 years experience in marketing/online [...]
