Remember when we first started talking about short sales and REO’s and some of the agents jumped on the bandwagon early, saw the opportunities of a trend, built relationships with lenders and closed lots of REO and short sale transactions because they established their place in that market early? Remember how you wondered where they got all those listings? Opportunities are always present in real estate if you understand the trends and move early on them.Don’t miss out this time around.

In Tucson, Arizona you are at the start of a strong investor trend. Get ready now. We are not the only ones who think so.  On June 3rd Inman News released an in depth special report “10 Best Markets for Real Estate Investors.” The report analyzed a number of factors that investors look at including, pricing, anticipated appreciation market rents and other factors and ranked Tucson as the 4th best market in the United States. Get a copy of the full report.

Among the statistics that are appearing in our industry:

• Investors accounted for 21 percent of transactions in the first three months of 2011, and 33 percent of transactions during that period involved cash buyers — the highest share since NAR began tracking that statistic at the end of 2008.

• Distressed property sales including foreclosures and short sales accounted for 40 percent of existing-home sales in March, NAR said, and investors bought 54 percent of those properties, according to economic research firm Capital Economics.

As we begin to clear out the inventory of distressed properties there is going to be a huge demand for capable, qualified and competitive companies to complete repairs on properties to either make them ready for sale, improve them so that investors can rent them out or make repairs so that the property can be resold at higher value to profit investors. This whole process can be extremely time consuming. The process of inspecting the property, gathering bids, coordinating subcontractors and supervising the repair work, permits and certifications is daunting. As real estate professionals we should be ready to provide sound alternatives and easy options to investors, REO asset managers and other buyers who are dealing with purchasing distressed properties.

In our market companies such as Marlboro Development LLC offer agents and buyers a one-stop shopping solution. Most REO asset managers and HUD 203(K) lenders require a licensed contractor such as Marlboro Development, LLC. With a simple phone call and  at no cost, Marlboro Development, LLC will do an in-depth property inspection and review items delineated by the asset manager or potential investor buyer as needing repair. They address both minor and major repairs including:

• Plumbing and fixture repair and/or replacement
• Roofing and structural issues and repairs
• Painting, Landscaping and Property Clean Up
• Electrical and HVAC systems
• Service restoration
• Stucco and drywall repair
• Permits & zoning issues
• Carpeting and floor recovering
• Appliances & Cabinetry

Marlboro will review the property, issue a written bid and provide other documentation required by asset managers and lenders. The comprehensive one-stop property bid is provided free of charge to real estate agents and/or potential buyers. The client is under no obligation to complete any specific repairs and will only incur costs for work which they select from the bid list. Once the client has requested repairs from the bids provided,Marlboro handles the obtainment of all necessary permits, schedules the work, supervises the subcontractors and completes the work within the tight time frames required in today’s real estate transactions. It costs your investor, bank client or buyer NOTHING to get a free bid so that you can compare it with other repair options.

This is a great ancillary service provider to have at your availability given he number of distressed properties and the return of investors to the market. Why wouldn’t we get free bids on all properties and use it to market the property or offer it as an additional item of value to our buyers.

Click here to become a fan of Marlboro on facebook today. If you want a bid you can also call (520) 490-8825 or email: Mark1003@MSN.Com

FLAT FEE SEPTIC SERVICE:

Right now Marlboro Development is offering a flat fee for bank owned properties of $765.00 that includes the labor to dig up the septic, the pumping (1250 Gallon) tank, disposal fee, inspection and Pima County’s certification. The price does not include any repairs necessary to pass the inspection. It repairs are required, the owner and agent are notified to obtain approval. Water must be available at the property to run a leach field test and flush the toilets. Acccess to the property must be provided and certifications can be obtained for properties outside of Pima County