Government Tax Foreclosure Properties
Government Tax Foreclosure Properties: Ask your local realtor for the free listing
Most people are unaware that every realtor has the local listing for the government tax foreclosure properties in their area available to them. This is not advertised by the realtor’s offices because they make more of a commission if they sell you a home that is ready to be occupied.
The profit potential for most realtors is the driving force behind what they will offer the average customer. If you are a persistent customer, you can get them to show you the listings of what has been foreclosed on. They will make a smaller commission so do not expect the same kind of service. The reason is that the government will not be paying them a commission, only you the party that is buying a property. In most transactions a realtor is paid up to 7% of the sales from both the buyer and the seller of a property they are handling. By purchasing a government foreclosure property, the realtor is only making half of their normal commission. Money is the driving force behind getting someone to help you.
For the reason of profit, if you offer a larger commission you should get better service and find the property and path to making a successful purchase easier. Remember as an investor, you are making this purchase to make money. Just like everyone else profit is the motivation for work. Spending more on help could contribute to easing the process of the proper paper work and help following the proper channels like finding a low cost title insurance company, which can make this investment worthwhile.
Buying government tax foreclosure properties is not easy and without help especially the first time, you might learn an expensive lesson.
Mail this post