Hello East Bay Bank-owned Investment Group Members!
The Bank-owned market continues to heat up and competition is getting stiffer. As a result, most well-priced homes are selling in under a week, with many going in just 1-3 days. With this in mind, we think that it is imperative, for those of you who are actively looking, to have the most up-to-date information at your finger-tips. To assist you in this process, we are previewing new listings daily! We will view the properties and hand-pick the ones that best meet our specific parameters. These parameters include; Aggressive Pricing, Solid Appreciation Opportunities, Low Vacancies, Future Salability Strength, High Cash-flow, and Strong Rental Features, ie: Good Location, Good Square Footage and Room Count, Functional Lot & Floor Plan.
Since we realize that some of you may not be able to view properties on weekdays, we are beginning a new process of taking photos as we preview these properties, so that we can provide you with additional data, upon request.
Even though inventory is low and the market is moving fast, there is still a steady flow of new Bank-owned Properties coming on the market everyday. There are plenty of great deals available for everyone; it just might take a little work to find the one for you. One big step toward getting your offer accepted is being in the position to pull the trigger quickly. In many cases, we may only have 24-48 hours to write an offer and get it submitted, from time you become aware of a property. So, once you identify a property that you are interested in, please be prepared to sign the contract right away, as any delays in this process will generally results in a lost opportunity.
We will be emailing these properties to you with a “Simple Property Analysis” (the cash-flow numbers) included. If you need a more detailed analysis, or would like to set a time to view a property, give us a call at (925) 584-8800.
Remember, our monthly fieldtrips continue to be one of the most efficient and valuable avenues of learning in this market. If you are unable to join us for one of our scheduled fieldtrips and would like to have a private fieldtrip, we can accommodate groups of 3-7 people. Give us a call for more details.