Often considered a barometer of the country’s economic climate, the housing market has continued to face turbulence in the wake of the recent recession. As consumers begin to find their economic footing, however, they are once again in search of the American dream of homeownership, and Wise Business Plans is helping savvy entrepreneurs fund success while also saving average homebuyers money.
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“Homes across the country have been sitting empty, their previous owners forced out due to foreclosure,” said Joseph Ferriolo, Director of Wise, which creates business plans for new and expanding businesses across the world. “Selling these properties is not only an invaluable service for the home-buying public but also a ripe market for business expansion and development.”
Getting families into foreclosed homes not only helps them save money, but it revitalizes the neighborhood, raises surrounding real estate values, and benefits the banks that most often own these properties, he said.
“It’s really a community service that also happens to be a sustainable business model in the correct economic climate,” said Ferriolo.
He also said banks will look favorably on these kinds of ventures because there is a benefit to them.
“They want to get paying homeowners in these properties, rather than letting them sit unused, often in disrepair.”
However, he said, the competition is fierce, and banks will be looking to work with the most professional and well-prepared companies.
“In such a ‘now’ market, which is somewhat high-profile, if only because a home is the most expensive thing most people will ever buy, you really have to prove you know your stuff,” he said. “The MBAs at Wise can help you do that. We’re here to help you make your dream a reality, so you can do the same for others.”
Wise Business Plans staffed with professional MBA writers, researchers, and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.