Real Estate Investing Discussion Turns to Discounts
Summary
Marietta, GA, July 07, 2010 --( During the show Judson spoke about the recent research pointing to the fact that foreclosed homes are discounted an average of 27% according to Rick Sharga of RealtyTrac.This week on the video series The REI Minute Judson Voss discussed many topics including the recent research showing discounts in the investment market.During the show Judson spoke about the recent research pointing to the fact that foreclosed homes are discounted an average of 27% according to Rick Sharga of RealtyTrac.The current discount points back to a basic economic principle.With increased supply and decreased demand the banks need to reduce the pricing on foreclosed homes to entice the retail and investor buyer to purchase their homes.The study also went on to show that short sales, mortgages discounted for sale prior to going through the entire foreclosure process are discounted even greater.If they can short sale the mortgage before the foreclosure then they can avoid some of the additional costs of processing the foreclosure, a Realtors commission and also significant holding times.For more information about short sales, foreclosures and other investing topics, visit http://thereiminute.com or get it for free on iTunes at http://bit.ly/getrealshow For details of the upcoming real estate investors conference visit http://businessbuilders2010.com.### Contact Information The REI Minute Marv Uetel 704-664-9687 http://thereiminute.com Click here to view the list of recent Press Releases from Get Real REI