Wednesday, July 11, 2007

Online Investing Has Its Day in Court

The United States of America Department of Justice, Antitrust Division has taken on the National Association of Realtors.

The action taken by the Department of Justice will benefit all investors because it keeps the National Association of Realtors from adopting any policy that “…restrains competition from brokers who use the internet.” Virtual Office Websites (VOW) and online investing has steadily become a threat to brick and mortar brokers who conduct business by traditional means.

The internet has become an invaluable resource to real estate investors. The National Association of Realtors tried to implement the VOW policy that would hinder internet activity for real estate brokers and thus, crush the convenient mode of relaying pertinent information.

What can the internet do for a real estate investor? While there are plenty of things to be cautious about, real estate investing is actually enhanced by online activity.

- Search Deals by Geographical Location
- Find Investors to Partner With
- Ease of Use
- Investing On Your Own Time

For motivated home sellers, motivated property buyers, agents, brokers, investors and anyone else in the real estate game, real estate activity online benefits everyone if they are willing to assimilate brick and mortar strategies for flipping houses with online resources.

Listings by Geographical Location
Scenario: A hardworking bank manager is invited to a meeting with the regional manager and higher level executives who are pleased to inform our unsuspecting manager about the promotion that awaits several states over. Our newly promoted regional manager has a month to get his affairs in order and offload non-performing property that sits on the banks books.

Solution: Listing these properties online targeting motivated investors looking to find real estate deals in any location across the nation.

Traditionally, you would have to call ahead to several agents, and spend a few days putting the listing agreement together, then setting a marketing budget and waiting for people to phone the seller’s representative back, then set an appointment for a walk through with the seller’s agent. Then, the investor would need to spend a few days looking at homes….eventually hoping to find one that’s right in a rather short amount of time, then close on it.

Unfortunately, the problem was complicated by the agents who held these listings because they often made an appointment was necessary to get that information.

This was a slow, and often painful process for both the investor and the motivated seller..

Online listings surpass all that extra activity and allow real estate investors to browse the potential deals available before contacting the seller and setting up appointments.

A few pictures of each home, a market analysis, and understanding the seller’s price are all anyone needs to quickly calculate their equitable profit and make an informed decision whether or not to place a contract on the.

Plus, it’s happening now more than ever that investors are purchasing investment properties sight unseen.

While real estate deals such as this may seem risky to novice investors, they are perfectly suited for the experienced investor who has a solid power team in place to handle the deal for them once they’ve approved of the data that’s been presented.

Find Investors to Partner With
The internet has been one great resource responsible for creating plenty of millionaires. Even if you don’t make a million over night, you can still carve out a very good income for yourself by finding investors online willing to partner with others on deals and exchange information.

Easy Access
A Virtual Office Website allows a motivated buyer to look at property listings before hopping in their car or on a plane to the other side of the country. This kind of web access keeps potential investors from wasting valuable time and money to find and/or flip real estate deals suitable for their investment needs.

Investing On Your Time
Most people have to work all day and then run chores in the evening. While shopping for real estate can be fun, after a while driving the neighborhoods wears on you. Looking through listings online is more convenient.

You don’t have to set up appointments and try to make them. You don’t have to sit in front of a Realtor on commission who tries to sweet talk you into the deal. You have ultimate freedom online and can invest on your own time.

Whenever you feel like looking for real estate, just log on and it’s there.

The National Association of Realtors might want to keep real estate practices from changing with new innovations, but the Department of Justice has found that certain policies put into place by the NAR inhibit competitive practices.

Online investing can be beneficial for the motivated seller, the motivated buyer and everyone else involved. A motivated buyer can view listings across the country that motivated sellers have listed. They can simply visit an online resource that matches investors and investment properties together, and start browsing.

Plus, they can do it on their own time whenever it’s convenient for them.

Brad Wozny is the founder of the investor and investment property match service called http://www.INSTANTRealEstateSolutions.com

Learn more about flipping real estate for profit and investing online by starting your 7 Day FREE Trial now at http://www.INSTANTRealEstateSolutions.com

Article Source: http://EzineArticles.com/?expert=R_Brad_Wozny

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