How to locate areas of the country to work virtual short sales

Hi There,

I hope you are having an Awesome Day!

I got this question from one of my Platinum Coaching members and thought it would absolutely without a doubt benefit you. My Platinum members have unlimited access to me.

Question: How do I locate areas of the country to work that have high end homes and what resources can you direct me to so I can evaluate different areas of the country to work virtually?

My Answer: Great Question. I’d be more than happy to point you in the right direction to get these resources.

1. Find the areas of the country that have the densest foreclosure activity.

To find the areas of the country that have the densest areas of foreclosures, get the latest foreclosure report from Realtytrac.

Here is one right here:

http://www.foreclosurepulse.com/blogs/mainblog/archive/2009/04/16/foreclosure-activity-hits-record-high-in-first-quarter.aspx

Here are some additional resources from Realtytrac:

http://www.realtytrac.com/news-trends/index.html

http://www.realtytrac.com/TrendCenter/Default.aspx

2. Find the areas with the Lowest Days on Market within the densest foreclosure areas

A. You can get this from the Board of realtors. To Find it in the area you are looking in, do a Google search for “Your county association of realtors”

Go to the board of realtors such as http://www.gtar.org/ and look at market statistics

http://www.gtar.org/files/documents/Public_Stats/mlsmar09.pdf

B. Ask a realtor in the area where the areas are that have the highest priced homes with lowest days on the market or check www.realtytimes.com

Here is another resource for local market conditions: http://realtytimes.com/rtmcrtop/home.htm

3. Here is an extra step that you don’t really need to do but I wanted to provide these for you if you want to do some extra research. The reason why you don’t need to do this is because you are going to instruct your Agents to setup your searches with a minimum value of $500,000. The Searches will automatically find the high end homes for you that are listed with short sale.

Here is a resource where you can find the average home value for any zip code.

Look for the highest average home sale values you can find.

http://www.trulia.com/home_prices/

Additional Resources:

http://www.melissadata.com/lookups/index.htm

http://www.melissadata.com/lists/ezlists/ezhomeowners.aspx

http://www.melissadata.com/lists/ezlists/ezHomeowners.aspx?zip=33549

Here are the resources to find other markets to work high end homes virtually.

Take action and go do some research and expand your network and contact some agents in the areas you pick. The deals are all over the place. America needs your help! Go help some homeowners.

Committed to your Extreme Success

D.C. Fawcett

Creator Virtual Short Sale Investing ^TM