2009 October | Real Estate Investing Blog
Are you religious (or not) and looking for a new way to speed up the process of selling your home? If so, you may want to try what one person did to help sell her home in Brooklyn, N.Y. during this difficult real estate market. She has turned to an unlikely source for help: St. Joseph.
St. Joseph is a Catholic saint who has long been believed to help with home-related matters. And according to lore now spreading on the Internet and among desperate home-sellers, burying St. Joseph in the yard of a home for sale promises a prompt bid. After she and her husband held five open houses, even baking cookies for one of them, she ordered a St. Joseph “real estate kit” online and buried the three-inch white statue in her yard.
These statues are flying off the shelves as an increasing number of skeptics and non-Catholics look for some saintly intervention to help them sell their houses. Talk about desperate measures. You might as well put your house up on eBay and/or Craigslist and see if anyone makes a bid. Regardless, I guess at this point I would try anything and everything to help sell my home.
You can read the entire article on the RealEstateJournal website.
Update: I received an email from the seller and her house has sold! Congrats to her and apparently burying St. Joseph in her yard helped.
With the mortgage crisis in full swing, homes are going into foreclosure left and right all across the country. In 2005 there were 850,000 foreclosures, with the number of foreclosures increasing every quarter.
All these foreclosed properties offer you a great investment opportunity. You can scout and buy homes in foreclosure, then keep them as rental properties and collect monthly checks from tenants. Or you can purchase foreclosed properties and flip them, renovating and selling the homes for a profit. The time has never been better to use the real estate market to your advantage. Read more