Monday, February 2, 2009

When should a Billion Dollar Agent enter REO foreclosure market?

With the number of foreclosures up to record high numbers you may be wondering when the right time is to enter the REO foreclosure market. There is not a blanket answer as the market varies all over the country.

You have to look at what is happening in your area. For example, Las Vegas is at 60% REO for sold properties where Houston is at 20%.

Find out what your market is like. Do your research to see if it is the best move for your business. You also need to become familiar with the market and learn about the paperwork, so you are ready to take the leap into the REO foreclosure market.

You do not want to jump into the REO game without being sure it is something that will benefit your business in the end.

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