Foreclosure Bus Tours
A new form of marketing has been tailored for the mass of unsold home inventories and foreclosures. A Foreclosure Bus Tour….
It is a six-hour trip to showcase homes to buyers in Orlando and educate them on the vagaries of snatching foreclosures in a state where residential real estate has stagnated over the past two years.
The foreclosure bus tours are good value for visitors. A cost of $45 per person or $65 per couple covered the tour, house information, teaching sessions, a continental breakfast and lunch at Applebee’s. A mortgage broker, attorney, home inspector and agent are on hand to advise; for newbies, you get a feel of the team you need to set up for your first foray into real estate.
Real estate agents have also organized foreclosure bus tours in California, where the idea seems to have originated, and cities such as Phoenix, Detroit, Kansas City and Jacksonville.
