Do you see opportunity in distressed properties but aren’t sure where to start? Our latest MRIS-U Quick Tip taken from MRIS 103: Discover Distressed Properties will give you a starting point.
If you have a client whose budget is less than the price of the homes they want, or if you see distressed properties as an investment opportunity, don’t overlook the Foreclosures and Short Sale Center tabs in Matrix.
The Foreclosures tab lets you access to the most current information on distressed properties through a custom RealtyTrac foreclosures tool for FREE as part of your core subscriber benefits.
From here you can search for properties in Pre-Foreclosure, Auction, and Bank Owned statuses whether or not they are already listed in Matrix. RealtyTrac also includes features such as an easy-to-use search interface with interactive maps, and valuable information including local school/local crime indexes.
For agents looking for resources to help with a short sale, the Short Sale Center tab compiles the tools and information to help navigate the complexities of the short sale process.
With some perseverance and extra patience, short sales and foreclosures might be the way to get your clients the home of their dreams for less.
Did you find this Quick Tip helpful? Join us at an online webinar for MRIS 103: Discover Distressed Properties to learn more.