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When: Friday, December 18th @ 10:00 am Pacific Time/1:00 pm Eastern
Where: Online/Webinar Event (from the comfort of your own office)
How Long: 1 hour
We’ve heard a lot about the ‘perfect storm’ over the past year—depreciating home prices, plus loans gone bad, plus unemployment equals a devastating downturn for real estate. But there’s another perfect storm you should know about: distressed properties, plus a growing pool of buyers, plus HUD’s FHA 203k program equals increased homeownership and brand-new business for Realtors. To spread the word about 203k—an FHA loan that enables home buyers to purchase and renovate properties—industry veterans Dennis and Teresa Walsh have launched RE-buildUSA, a designation/membership program that turns agents into 203k Specialists.
Together with home improvement retailer Lowe’s, RE-buildUSA creates some much-needed hope and opportunity for Realtors and would-be home buyers alike. Here, Dennis Walsh explains why this is one storm that will lead to brighter days.
For obvious reasons, homeowners facing foreclosure often stop taking care of the house they’ll soon be leaving. Maintenance costs money, and people in this situation aren’t eager to invest in a property that’s being taken from them. As a result, a huge number of homes across the country are in bad shape right now.
Of the roughly 4 million unsold single-family properties in the national inventory, about 1.2 million are vacant. Roughly a quarter of those are new or partially completed homes no one has ever lived in. Most, though, are houses in which the owners have been forced out – and many of these have been vandalized, stripped of appliances and damaged in any number of ways. It’s not a pretty picture.
The FHA’s 203(k) loan program, which wraps repair and renovation costs into a primary mortgage, can help clean up the mess.
DON’T MISS THIS EVENT!
About 1parkplace:
Since 1995, 1parkplace, Inc. a leading real estate marketing company has specialized in developing results oriented cutting edge marketing systems for America’s top producing agents and brokers. Core competencies include Brokerage marketing, team marketing and high performance agent solutions for lead generation and property marketing. Featured innovations include the new HyperLocal blogging technology, automated Search Engine Optimization (SEO) systems and predictive prospecting systems. Find out more at www.1parkplace.com or contact 1parkplace at 888 425-2300, Top5@1parkplace.com