Expert Real Estate Investor, Jeff Kaller, Explains why the Cost of Homes on the Market has Declined

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 3, 2008 -- As interest rates rise more and more homeowners are falling into foreclosure situations. This causes the real estate market to be flooded with affordable homes for sale. Since lenders want to encourage consumers to purchase homes, interest rates are being lowered as well.

Furthermore, investors can utilize the “short sale” strategy which will enable them to negotiate a low purchase price. A ‘Short Sale’ is where the bank takes a lower payoff amount in order to allow the homeowner to avoid foreclosure. A homeowner looking to sell their house can make the deal even sweeter by utilizing the buyer's appraisal to price the property rather than using an independent appraiser. In most cases the bank does not want to own their property because it costs them tens of thousands of dollars to foreclose, rehabilitate market and sell a property. Taking less than what they are owed actually nets them more money in the long run and helps you avoid the credit issues associated with a foreclosure.

Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. Check out his workshops- Jeff is doing them all over the country http://www.jeffsworkshop.com/
Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
This Press Release has been submitted by PREasy.com

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