Why you should consider this opportunity: Foreclosure auctions are the #1 source of below market deals for real estate investors. Which also means they’re a great motivated seller listing opportunity for you.
How to do it: The steps to list these homes are below. We will build more “in-depth” training on each of the steps soon.
Step #1. Contact your local courthouse and ask how you can get info on the foreclosure auctions.
Step #2. Contact the homeowner and offer them your book. Tell them that you’d like to meet with them to review their options to avoid foreclosure.
Step #3. Meet the owner and go through all the options. Show them why their other options won’t work and why they should sell.
Step #4. List the house.
Step #5. If necessary, find a way to delay the foreclosure auction until the house sells. If you’ve ever sold a short sale, then you know how to do this. If not, then look out for our blog post that has more details on exactly how to do this.