SellingNorthernNV

Quality Real Estate News and Market Data

Buying Commercial Foreclosures Part 3 – alternative markets

Josh Talayka | March 18, 2011

If you’ve been following this series of posts, you have probably noticed that a lot of my writing on this topic is focused on getting ahead of the competition. In this post the focus will be on getting away from the competition all together. By taking purchasing directly from the banks and bulk REO purchases, you can take advantage of markets that most buyers aren’t even aware of. If you would like learn how to maximize your investment dollar, then I highly recommend you read my complete post on this topic by following the link below.

Buying Commercial Foreclosures Part 2 – Researching Properties

Josh Talayka | March 14, 2011

Most buyers begin their research on an REO property as it comes into the market. By the time they have determined if the property is even worth buying, or if they are going to be able to get financing on it, several weeks may have gone by. If you’re starting your research at the same time, then you’re going to find yourself fighting and trying to out bid the competition.

Buying Commercial Foreclosures Part 1 – Understanding the Bank’s Position

Josh Talayka | March 9, 2011

Although we have seen a slight increase of Bank owned properties for all property types in the commercial segments, we are also seeing an increase in buyer’s who are looking specifically for discounted REOs. In fact because of all the investor money that is out in the market, we are not only seeing that a good REO comes off the market almost as quick as it was put on, but we’re also seeing multiple offers being made. However, don’t let this be a deterrent for you. There is still a lot to gain by shopping the Commercial REO market, but there are a few things you will need to know before getting into the game.