(EMAILWIRE.COM, December 31, 2009 ) Detroit, MI – Real estate stock investing is different from other stocks, mutual funds and traditional real estate purchases. reits are Real estate investment trusts. Essentially a REIT is a company that purchases property as a real estate manage firm. Mr. REIT Buyer recently spoke at a real estate investors’ club to answer questions about REITs.

“Anyone can get involved in these investments by purchasing shares of the companies who make the purchases and manage the assets,” said REIT Buyer. “They typically allow a certain number of investors to be part of the trust.”

One investor asked if REITs were new. Mr. REIT Buyer answered, “REITs were created by congress in 1960 to give smaller investors a chance to earn profits from income-producing real estate.”

Mr. REIT Buyer covered the advantages to investing in REITs as he described the different types of REITs available. “Before you invest in real estate stock, do your research and learn all you can about choosing a REIT and structuring your investment. REITBuyer.com has done the research and they provide the results on the site.”

REITbuyer.com is an online brokerage information site specializing In REITs and Real Estate Mutual Funds – The World’s first and only site dedicated to REITs Real Estate Mutual Funds. This is a place for the small investor to own a piece of world class real estate.
The above press release is not the opinion of SaveDaily. Any advice given is option of writer. Savedaily is not endorsing this press release. http://www.reitbuyer.com/ is not broker or dealer. All investments are risky by nature and professional advice should be sought.

Contact:

Mr. REITbuyer
25900 11 Mile Rd #260
Southfield, MI 48034
877-707-1770
info@reitbuyer.com

BETHEL, Conn.–(BUSINESS WIRE)–Countdown To Buy, a next generation online real estate marketplace that offers a fair and effective way to buy and sell properties, announced today the launch of its automated real estate matching platform. The Countdown To Buy platform is equally capable of supporting foreclosures, short sales and traditional property transactions.

In conjunction with the launch, the Company has entered into an agreement with a leading nationwide servicer of residential mortgages for its initial pilot program and will be offering a sampling of properties located in Connecticut, New Jersey and New York starting on December 8, 2009, with the potential for additional locations to be added. The Company is currently in negotiations with other leading banks and servicers for additional programs throughout the United States.

Founded in 2008, Countdown To Buy uses a patent pending technology that automatically matches buyers and sellers in a real estate transaction through a time-limited process that reduces the property’s list price 1% per day. Confidentially submitted offers are systematically compared to the daily price and when an offer matches or exceeds that price, the offer is automatically accepted and the contract process is initiated. Through the Company’s website, www.countdowntobuy.com, property listings can be researched, showings can be arranged, and offers can be submitted.

For a video simulation of how the Countdown To Buy process works, please click on the following How It Works.

“We set out to create an environment of trust between buyers, sellers, and third parties,” commented Jim Hodson, Chief Executive Officer and Founder of Countdown To Buy. “Now more than ever home buyers need 100% transparency and unbiased information throughout the entire home purchase process. Countdown To Buy’s online real estate platform eliminates negotiation and mitigates uncertainty surrounding the foreclosure market, –essentially unlocking foreclosure purchase opportunities for home buyers.”

Through Countdown To Buy’s unique process, home buyers can obtain unprecedented access to information on a property and then place offers 24/7. Banks and servicers benefit from a process which accelerates the sales cycle, maximizes returns and mitigates risks.

“Banks and servicers are currently holding considerable volumes of non-performing assets and it is expected to increase in the months to come,” said Dan Connell, President of Countdown To Buy. “From list to close, we have improved the home buying experience and we believe Countdown To Buy will significantly accelerate the sale of a property while ensuring buyers are getting the best possible value on the home of their choice.”

Countdown To Buy is an online real estate marketplace that automatically matches motivated sellers and qualified buyers in an environment of trust, transparency, and efficiency. The Company has a patent pending business process that reduces a property’s list price 1% each day within a pre-negotiated price range. The technology and marketing platform was built specifically to expedite the sales cycle in real estate transactions through a time-limited, objective, and confidential offer system. The Company services demand from banks, servicers, home buyers and investors through a streamlined technology process and unbiased transaction support. For more information on Countdown To Buy, please visit www.countdowntobuy.

There were 8 sales in the  West Hollywood Single Family Market  in November, up slightly from 5 sales last month at an average of $635/sq.ft, up from the YTD average at $605/sq. ft. and down 17% from the market peak of 2007. There were 3 expired and 4 withdrawn listings in the area during this period. With 60 active  listings, and an average of 5 sales per month YTD , current SFR inventory is at 12 months supply, down from 15 months  in October. REO, or bank-owned property in West Hollywood  is currently at 59 units, or an additional 11.8 months supply.  As I have noted in previous market reports, a pipeline of 1-2 months supply of unlisted REO property is considered normal.

In the West Hollywood Condo Market, there were 31 sales in November, at an average of $475/sq. ft.- up from the YTD $444/sq.ft. and down 13% from the 2007 market peak of $544/sq.ft. There were 24 expired and 1o withdrawn listings during this period. There are 169 active condo listings , and an average of 25 sales per month YTD, current inventory  is at 6.7 months supply, down considerably from 12 months  in October. REO numbers for Weho condos are at 33 units, or about 1.3 months of unlisted inventory. While active listings are much lower in this area, the number of sales plus expired and withdrawn listings does not account for the shortfall in inventory, which leads me to think we are going to see lots more of REOs in this area in the future.

There were 16 sales in November in the Beverly Center-Miracle Mile Single Family Market at an average of $489/sq. ft., up from the YTD $471/sq.ft. and 18% below the 2006 market peak. There were 6 expired and 7 withdrawn listings in this area during this period. With 68 active listings, and an average of 12 sales per month YTD, this indicates an inventory of 5.6 months supply, virtually unchanged from last month. There are also 100 REO (bank-owned) properties in the area at the moment which gives us 5.6  months of unlisted inventory- well above the average of a 1-2 month “pipeline”.

In the Beverly Center-Miracle Mile Condo Market  there were 10 sales in November at an average of $462/sq. ft. , up from the YTD $444/sq.ft., and 17% below the 2006 market peak. With 60 active listings, and an average of 6.8 sales per month YTD, this puts the condo inventory at 8.8 months supply, up from 5.6 months in October. With 34 REOs, there is 5 months of unlisted inventory, about the same as last month.

In  the  Hancock Park-Wilshire Single Family Market, there were 14 sales in November at an average of $406/sq. ft., down from $449/sq.ft. YTD and 26%% below the 2006 market peak. There were 10 expired and 8 withdrawn listings in the area during this period. With 65 active listings, and an average of 14.4 sales per month YTD, that leaves us with an inventory of 4.5 months supply, down from 5.6 months  in October. There are 33 REOs currently, which gives us 2.4 months of unlisted SFR inventory- which is close to a “normal” level for an REO pipeline.

In the Hancock Park-Wilshire Condo Market, there were 17 sales in November, up considerably from 4 sales last month, at an average of $331/sq.ft.,  up slightly from $325/sq.ft. YTD and is 26% below the 2006  market peak. With 100 active listings and an average of 13.2 sales per month YTD, that gives us an inventory of 7.6 months supply, up from 5.6 months supply in October. At the moment there are 49 REOs which is equal to 3.7 months of unlisted inventory.