A Win-Win Business Model for Buying Foreclosures
I met with a couple local bankers the other day and was very encouraged by what they had to say. I am passionate that we provide a good service (otherwise I never would have gotten into the business). But their support reinforced that we really are on the right track with our balanced approach to helping people find foreclosure/bank-owned homes: they don’t get stuck with fixing up the place, or a high price tag–just a clean, fully-renovated home completely move-in ready.
These guys — one working in Virginia, and the other in Maryland — both got excited about the “win-win” of our business model. They both highly recommended that people interested in getting a great deal on a foreclosure look into our service instead of going it alone.
It just works. For the banks, for you the homeowner, and for us. Here’s how:
We take on all of the risks of overhauling these troubled properties, and get them off the bank’s dead-weight foreclosure list. And you still get a great deal, though a realistic one. You still pay less than market value, but you don’t have to take on any of the risks or hassle of making the place liveable.
It’s a tough market out there, but there are still great deals to be had if you’ve got your priorities straight and can ignore the hype.
Tags: bank-owned properties, buying foreclosures, foreclosure deals, Renovations
This entry was posted on Monday, January 26th, 2009 at 3:01 pm and is filed under Advice for Homebuyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
