Next Time Were Going To Win The Old Fashioned Way How Any Real Estate Agent Can Generate New Leads & Listings from Foreclosures

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How Any Real Estate Agent Can Generate New Leads & Listings from Foreclosures

The title of this article is a bold statement, but if you’ll give me a few minutes of your time today, I’ll show you how you can take advantage of a brand new Real Estate position that most Agents don’t. don’t know about it. Not that they are not aware of it; they just didn’t put two and two together.

This is a new resource Real Estate Leads can mean 100 – 600 new, highly motivated Leads (Salespeople) desperate for your professional help. And that’s just for a market of 100,000 homes. Your market can have more.

Why didn’t this opportunity happen before?

Well, all the pieces were not ready before now. Today, the technology is in place, there are closed business training systems, and the market for this business is very mature and growing.

Foreclosures will be the next big thing in Real Estate Deals

We are often asked by Coaches Cornertm Newsletter Subscribers (350,000+): “What will be the next big thing for Real Estate Agencies?”

Well, if you asked me that specific question Real Estate Lead GenerationI have to say Foreclosures & PreForeclosures be the big thing for it The New Generation of Real Estate Leads.

You’ve probably already heard that Real Estate Announcements, the US Foreclosure Market Report since April 2007 (published by RealtyTrac® – the #1 online authority for Foreclosure data), nationwide since April 2006 62% have increased. Some states by as much as 3,325% (New Hampshire).

Real Estate Discount Rates Keep Growing

Recently USA Today published an article about the fact that 75% of new home mortgages in California are no-Doc-Credit (some industry experts call them bogus). These No-Doc Loans allow the homeowner to use their specified income and often allow them to borrow at higher loan-to-income ratios than traditional. No-doc loans have become very popular in the last couple of years and are now widely used across the country.

In my opinion, most of these lien loans are Real Estate Foreclosures in embryo. It’s only a matter of time before homeowners get into trouble and into Foreclosure.

Over One Million Real Estate Clearings Every Year

According to RealtyTrac®, with whom we have established an exclusive partnership, if we continue like this, the number of foreclosures may exceed 1.2 million this year. Click here to read the full May 15, 2007 press release for the RealtyTrac® US Foreclosure Market Report.

What this means for the average Real Estate listing in a market with 100,000 households is that approximately 127 new properties will be listed in some cases per month. Some less-than-average counties will see 431 new arrests per month for those 100,000 households. So, that means there will be 14 new Real Estate Foreclosure Listings per day for every 100,000 households.

If you had timely home seller information and were set up to handle this type of lead, it could mean 100 – 500 new leads per month in a market of 100,000 households.

Most Real Estate Agents do not know how to handle prospects in Foreclosure and often see them as bad prospects. Therefore, if you become a Real Estate Promotion Specialist you have very little competition in this niche.

Combine that with a highly motivated home seller, and you have a recipe for Success for the New Lead Generation.

Do You Know Your State’s Initiation Rate? If it is enough national average, you would be 1 Authority for every 783 households as part of the country? How many homes do you have on the market, and what is it like in foreclosures? Absolutely no matter where you live!

Classifieds are growing almost everywhere and there is already a lot of potential for you where you live, so take action and inform yourself as much as you can about Real Estate Classifieds. The information will help you find a new spot in Real Estate Ads in your area and help you grow your Nescal Business.

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