The Hidden Demand

We are still in a buyers market, it will probably years before it turns for the good. Don,t get over anxcious because of a few houses being sold nationwide. The pockets of Realtors, real estate investors and sellers are still in need of replenishment. Getting a house sold can be very difficult in a buyer's market. However think about this; there is this hidden demand out there and you need to tap into that demand. We have been talking so long about the low demand for houses that we are losing sight of the demand occuring underneath the surface. So what is the underneath demand? Think...there are plenty of displaced homeowners out there. We know pretty much how they got there and now having been kicked out of their homes need to find somewhere else to live. They didn't become molds or lived in a box. They went straight to the strong rental market.

Do homeowners see themselves as a tenant or do they see themselves as homeowners that are temporarily renting. The answer should be easy to ascertain that they really want to be able to own a house again. We have to do is create a deal where they can become homeowners again. Now some of these people have actually accumulated cash. They were foreclosed upon which means they weren't making their monthly mortgage payments. The banks wouldn't even accept their payments even if the owners sent them in. What happens is they start to payoff debts and start to accumulate cash. Most of these people know they into the house well over their heads because someone told them about a tremendous program and sold them into a bigger house and mortgage than they could afford. Other than that they were credit worthy and now want to get on the right track to get their lives together. They been accumulating cash, paying down bills and now have some extra cash. But because of the tarnished credit rating, they lose self esteem and fill that getting a new loan will be impossible for quite sometime. So imagine the hero someone would be when they come up with a proposal for these desolate people to buy a home again. The media enforces the idea that banks are tightening their lending practices. But also remember this foreclosure was a result of too high a mortgage payment. There are people that had great credit prior to this particular situation. Now they need the right size home and one they afford. If this should happen they will be able to afford the expenses. They then become a good credit risk and the right people to get back on the right track.

One of the ways to achieve that is using the lease options. What happens is when a person meets these criteria, good credit prior to foreclosure, they could be offered a home and they are given a longer time to purchase. Maybe they'll be given two or three years and then be able to purchase back the home they leased optioned. They will probably incur additional down payments. This instrument is not difficult to understand but there are other contingencies involved. This is a great vehicle for all players involved. The future homeowner or tenant gets to purchase his home and the investor/owner uploads the property. A win win situation.


George Benton:Author
web:http://www.webrealestatebuyers.com
tel:203-354-3089

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Real Estate Investing in Main Street America

It is fairly obvious President-elect Barack Obama is reaping what he has been sowing since his run for the senate in the State of Illinois. However, President Barack Obama will face a storm of economic woes that mirrors the harsh times of the great depression era. Financial institutions across the country are going bankrupt at record numbers, causing a vacuum that impedes the flow of monies into main street America. With a collapsed financial system, such that we are experiencing today, the average family or small business owner become dead in the water. Due to increased company layoffs, roller coaster oil prices and tightening credit crunch, the amount of money usually available evaporates quickly. As a consequence mortgage notes and credit card payments are showing an increase in defaults. Foreclosures are on the rise at historic numbers as our cities struggle to cope with this slumping economy. From the war zone areas in larger cities, to the leafy upper-middle class areas of the more desirable homes, foreclosure signs are seen everywhere. In my own home state, Connecticut has been hit with record number of foreclosed properties. Foreclosure rates are up 25 percent year-over-year nationally.



There is hope however for main street America and great opportunity for real estate investors too. There is a saying that "When there is blood in the streets, buy everything." This could not be more true than what we are experiencing right now. The time is NOW to BUY, any and every piece of property that enters the market place. A great source for finding these investments would be he motivated sellers with up-side down mortgages and from the banks that have large pools of defaulted loans. Do you want to thrive in 2009 instead of getting crushed like so many others? Real estate investors need to know that the new changes in the laws, government policies, and economy are creating the biggest opportunity for huge profits to be made. The 2008 election and the present economy are making history for real estate investing. Today we are witnessing the greatest transfer of wealth the country has ever seen. Money is flowing from the helpless masses toward the courageous few who understand how to profit from these once in a life time events.



We have a constant volume of distressed properties for sell in CT. and nationwide. Go to the website below and fill in the buyers/investor form with a description or comment on the preferred property. If you are desperately trying to sell a home or investment property, regardless of your situation, we can find a solution to your problem and make a solid offer on your property. Just go to the website below to fill out the seller form.

Benton Associates
bntngrg@yahoo.com
http://www.webrealestatebuyers.com/

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