Thursday, August 16, 2007

Where to find property BARGAINS and MOTIVATED SELLERS?

The only place in South Africa where you can find a concentrated pool of motivated sellers and bargains is at www.propertyinvestments.co.za.

One of the biggest misconceptions about property investment is that the most critical part is the property itself - its condition and location.

The truth is that both of these considerations are secondary to the motivation of the seller.

If the seller is not motivated, then no matter what the condition or the location of the property, you are not going to get a great deal. But if you have a motivated seller, then you have a great chance of turning a handsome profit no matter what the condition or location.

When this really hits home, it revolutionizes how you prioritize your search for great deals.

No longer do you waste time doing due diligence and inspecting the house, until you have made sure you've found a motivated seller.

Once you found a motivated seller you can apply the Property Pro Investment Strategy and Program to verify if the property meets your investment objectives.

Finding Motivated Sellers.

Finding this motivated seller becomes the most important investment activity you can ever engage in.

You must focus your time, efforts, and creativity on searching for a motivated seller first.

Personal Example.

I use this strategy and during a challenge I bought 48 properties in 94 days looking at only 8 of the properties.

What signals must you look for?

In most cases motivated sellers are the result of some personal situation, unique to that individual.

Although the specific situation may be unique to that individual, there are certain patterns to look out for and then work out how to benefit from these.

By concentrating your efforts on these highly motivated sellers you will make life much easier for yourself.

Let's look at one of the patterns.

People run into financial difficulties. People get behind in payments, cannot get out of debt, find themselves threatened by outside factors such as an uncontrolled bond-rate, lose their jobs or become one of the 84% of new business owners that will close their doors within the first three years of operation.

Usually their property was used as their security to start their business.

There are many reasons for financial difficulties, but most people revert to selling their biggest asset, their house, when times get tough.

The bad thing is that if they cannot pay their debts then they can be sequestrated.

Not only have they lost every thing financially but they will also end up with a bad credit record and over the next five years they are out of the financial race.

Most people do not have the time or the know how to look for motivated sellers and this is where www.propertyinvestments.co.za can help.

WHERE TO FIND MOTIVATED SELLERS

When one for instance enters into a home loan arrangement, financial predicament is never the forecasted intention.

Nevertheless, the average home in SA is repossessed in as little as 18 months.

Buy-and-sell motivations differ from circumstance to circumstance and at the latter end of the state of affairs described above, the motivation is to sell the money-sapping impediment as soon as possible.

However, even in situations like these, one needs to focus on the best possible tools to bring you to your current solution.

Financial cycles.

A quick overview on repossessed property shows us that this unfortunate process is the end of a financial cycle.

It starts off with a loan and sadly ends in a sale of execution to the public.

When the financier enters into the process of repossession, a letter of demand is sent to the non-paying homeowner.

When the owner of the home does not conform to the content of the demand, a summons is issued by the creditor, which leaves the homeowner 10 days to respond.

Should he fail to pay the outstanding amount or fail to enter into an appearance to defend the matter, judgment is taken against his name.

Here after a warrant of execution is issued and the property can be sold on auction.

THE SOURCE NOW, the information on the property referred to is obtained on your behalf immediately after judgment has been taken by www.propertyinvestments.co.za.

At this stage the only person that has functional foreknowledge of the pending sale in execution, is the owner of the house and it is therefore not public knowledge yet.

The public generally knows it once it is advertised to be sold in execution.

This gives you a head start on the opportunity.

In layman's terms this is called a GIVE AWAY or a BARGAIN.

Once judgment has been taken, the details of the one burdened with the loan, is submitted to the various credit bureaus where it will remain unless the homeowner satisfies the home loan by selling the property.

www.propertyinvestments.co.za is the only website in South Africa that can give you access to more than 780 properties listed the last 30 days with a verified Judgments against them.

You can also visit www.propertyonauction.co.za if you want to get an insider’s look at what properties in South Africa will come on Auction over the next month.

Number of Auctions listed the last 30 days: 1866

Warning to all Property Pro Investors.

Do not think just because you can get a property at less than the banks valuation that it is a bargain.

Do the calculations using the Property Pro Investment Strategy and Program before you make an offer.

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