Thursday, June 11, 2009

Information Based Renovations on Foreclosure Properties will insure Profit.

Foreclosures are a fact of the U.S. housing market and while there is much discussion on the subject of how this happened everyone seems to agree on three things. The first, and most important fact, is that until the market absorbs the foreclosure properties with their “fire sale prices” the housing market cannot and will not stabilize. Two, bargain hunters and those left out of the housing boom are cashing in mainly because the other two facts that everyone seems to agree upon is that there is money to be made in the purchase of foreclosure properties and; three, that these properties will inevitably have ‘issues’ that the new owner must effectively address in order to have a valuable property for either rental or owner occupancy.

One seasoned investor we work with in the San Francisco Bay Area called this moment in history a “Giant Easter Egg Hunt” with bargains galore in every price range. But he also qualified his remark by adding that, after negotiating a good purchase price “The importance of getting, and understanding the property reports and acting upon them in a logical and focused manner during the renovation is vital to insuring that the property value is optimized”. We at Buy-Fix-Sell Properties agree wholeheartedly.

More than any single decision the owner or investor can make that will insure the present and future value of their foreclosure property purchase, is to first and foremost use available renovation funds to make the infrastructure sound, then address the cosmetics of the house, as funds allow. Our belief in this approach is so strong that we have developed a system that gives the owner the information and tools to design a renovation and maintenance plan for the property. As buyers we use this system and it works.

By utilizing the inspection reports and working with the buyer’s budget as well as their “wish list” we customize a plan for their property which meets all of their objectives at every phase of their property ownership. It is information based, calculated to get the most out of every dollar spent and is based on Return on Investment Strategies (ROIS). Our methodology is sound and leaves the decisions up to the owner, it empowers, it educates and most importantly the client never has to wonder if they did the right thing at the right price, because they are given the information to feel confident that they maximized every dollar spent. And as an added benefit they know what projects to plan for and what maintenance issues to expect.

If you have purchased a foreclosure property you need to contact Buy-Fix-Sellproperties Inc., it may just be the best phone call you ever make.
Call Buy-Fix-Sell Properties Inc at 415-251-1377.

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