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Your ROCK in Real Estate

Sell Houses Like How the Pros Do It

Selling houses serves as a fantastic opportunity to earn huge income streams that can provide security and comfort for the family. As a real estate investor for 16 years, I’ve learned a few tricks that are very effective to quickly sell a property. The right marketing techniques coupled with persistence and hard work are some of the things that have helped me succeed in my career. Let these strategies also help those who plan to climb the real estate career ladder and make a fortune through the buying and selling of properties.

Making the first move can be quite daunting most especially if you’re a first-timer. It always begins that way and every person has to do something the first time in order to get to a goal. You can start by enrolling in a good real estate training program. These training courses will teach you how to identify good locations in which to buy and then sell a house. Training programs conducted by experts in the field will also present you with tried and tested formulas for selling houses.

Once you’ve learned the basics of real estate investing, start with one property first. Make improvements when needed and get the house cleaned to make it look attractive to your target market. When you’re buying an old property, expect to make renovations to the house. A fresh coat of paint, new carpeting, tile replacements, and yard improvements among others are some of the things that you’ll probably need to take care of. Think of how you want a house to look like if you’re the buyer and do all the fixing that’s necessary.

Market the property and inform people about it. One way of doing this is to put up an attractive “For Sale” sign on the property. The sign must include a contact number so interested buyers know where to reach you. A phone number that’s easy to remember would be a plus. Ensure as well that your signage can be easily read by passing motorists.

Prepare flyers and distribute these around the neighborhood and in areas where your target market is located. If the house is near a golf course for instance, place flyers under car wipers in the golf course parking lot. Distribute flyers where plenty of people will find it, most especially in nearby shopping malls and recreational facilities.

In marketing houses, the sales pitch is very important in getting people to notice your house and take action. Write strong adjectives and convincing words. Instead of saying, “house for sale”, write “shabby chic elegance in the city”. Include as well the best features of the house and what buyers can benefit from it. Is the house near a school? Does the house have an extra room? Tell people about it with a very persuasive sales pitch.

Placing an ad in the newspaper can be costly but it is a great way to reach a number of people. Look for someone who wants to share an ad with you to save money. Think of the days wherein more people read their papers and get your ad published in those days. The ad doesn’t need to come out every day. Twice or thrice a week should be enough to inform plenty of people that you’re selling a property.

Selling houses should be fairly easy once you get the hang of it. It’s an awesome career where you’ll learn a lot of things and meet people from all walks of life. Most importantly, it’s a great way to make a fortune at a young age and truly live life the way you want it.

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Show Me Your Real Estate License Before We Do Business

In my state, and I assume in other parts of the country, people pretending to be licensed real estate agents when they are not is an increasing problem.

You are riding around looking to buy a house. You see a sign in front of a house for sale. You call the number. The person on the other end of the phone is either the owner or a licensed real estate agent or a scammer. Who else could it be? If they own the house, that is OK. If they are a licensed agent hired by the seller, that is ok. If they are someone else what are they up to? Ask them if they are the owner. If not, ask them if they are a licensed agent. If they say yes, ask to see their license. If they offer you a business card, ask to see their state-issued real estate license. There is no legitimate licensee that would object to showing you their license. In fact, most agents, including me, would be proud to show a license. The only person that would not want to show you a license would be someone that does not have one. If they do object or refuse, be suspicious.

If they do not own the house and they do not have a real estate license, where do they fit in the transaction? It would seem to me they must be up to some sort of scam. Why not ask them”, where do you fit in this transaction?” That seems like a reasonable question to me. They might tell you they are handling this for a friend or relative. If that is true, you may want to ask if you can talk directly to the owner. If I were handling this for a friend or relative, I certainly would not object if someone wanted to talk directly to the owner. Would you? Of course they could tell you” I have an option to buy this house for fifty thousand from the ignorant, naive person that owns it and I am hoping to sell it to you for one hundred and twenty thousand. All I have to do is defraud the mortgage company into believing it is only worth fifty thousand and convince you it is worth one hundred and twenty thousand. Maybe the real owner will get sued for a deficiency judgment for several thousand dollars. That is too bad. This is a great deal for me.”

Licensed real estate agents have what is known as fiduciary duties. They are required by law to be honest. There are very serious consequences for dishonesty. They could have their license revoked if they are dishonest. If you meet one that does not want to show you their license, maybe they used to have a license but they do not anymore. People with criminal backgrounds can not get a real estate license.

One of the reasons that the state issues real estate licenses are so people with criminal backgrounds can not practice selling real estate. Another reason you might want to ask to see someones’ license is so you will know you have their right name. Crooks use aliases. Be cautious. Honest legitimate people do not mind at all. When dealing with a real estate agent, ask “May I please see your license?”

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A Guide to Purchasing Property Efficiently

Purchasing any kind of property with cash is not a problem and you can do that without any complication but what if you are not having enough cash and you want to purchase some property? This article will guide on some alternatives you can look forward to for the purchasing of property.

Purchasing Property with an Associate

Look for groups in your community or town who basically are investors of real estate. Meetings are held between these groups and there are two kinds of people in there. One group is always in want of something and ready to purchase whereas another group is full of sellers and they sell all kinds of property material. You need to take note of everything you hear about in the meeting and also get their names and number note down.

Here a question arises in your mind. How this information is going to exaggerate my property purchasing power? You just need to play smart here and look for property available for selling and then put your offer on that by mentioning in about someone you are eventually going to give right on that property. After this, call people on your list who are looking for a property you just figured out, and they will then play a part as your partner by financing in the deal or giving in the down payment.

Peoples without having enough money are always looking for associates to finance their deals on the purchase of property and you can earn a lot of money if you are having good deals, profitable for both you and your associates.

The Elegant Two-Note System

This is a technique that seems complicated at first but on the whole it is not at all. With the help of two-note you can purchase property without losing anything and getting a handful. For instance, there is property and seller is selling it for $250,000 or $255,000 and expecting to get around $240,000 for it and it’s a rental property but you are offering $260,000 for this property. Now the question here is why to offer more than the price being asked? The whole deal has been financed by the seller himself because he is in need of cash so here you will be having the advantage of selling one of the notes which are known as loan notes.

Here is the explanation of the above example. You are offering mortgage notes and a total of them are two. One is for $150,000 and second is for $30,000. Now you will get payments on both of these notes and on a note of $150,000 the payment will be around $1000 and $200 on the note of $30,000. Make sure one thing here that you are still having the cash flow with you. Now taking into consideration the part of the offer you made, you have carried on a sale which is for the second note and it is closing for around $22,000. At this instant the seller is getting a total of $22,000 as cash and $1000 for around 30 years on a monthly basis. What about the $200? Well, $200 per month is the note your respective investor is getting as the other payment.

The number of dollar amounts will vary in different types of deals and here what you need to see is that you are making cash from the financing done by the seller and there can be chances that seller is looking for much cash and for that reason, you will need to have higher amount offered on your second mortgage note.

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A Great Time to Invest In Real Estate! Has the Market Turned or Is It a Mirage?

Throughout the United States residential real estate sales values are showing signs of stabilization. Well located properties in major metropolitan areas and many resort locations are selling faster and at higher prices. Many national and local home builders are experiencing higher sales volume than in the past several years. This is not to say that the morass is over but there is every indication that there is a renewed confidence in real estate as an investment among a significant number of potential buyers.

Florida properties are experiencing an unexpected resurgence driven in part by a significant number of foreign investors. Even with cash transactions rental properties can generate 8% to 10% cash on cash return on a low-risk investment. Many Realtors indicate that they have “buy orders” for multiple properties from foreign investors for any suitable property that is listed for sale.

Whereas there are fewer active buyers in today’s real estate marketplace compared to the “boom years”, there is also lower inventory available for purchase. It all comes down to inflation and supply vs demand. Inflation at some level is pretty much a given. In the long term, inflation dictates that the property must sell for a higher price, or builders can’t show a profit on the homes they build. Supply vs demand is a more intricate issue to contemplate. Obviously, when supply and demand are out of balance appreciation or depreciation occurs. The market is no longer flooded with properties for sale in the more stable markets. Statistics indicate that foreclosures and short sales are down 20% to 50% and even greater depending on the economics of the marketplace. Those who just could not handle the burden of the downturn are mostly gone leaving those who have found the means to persevere. A substantial number of homeowners can’t sell without taking a serious loss. This has virtually eliminated a large portion of the “move up” market. On the other hand, the resulting reduction in market inventory is offset by the years of pent up demand.

It has been said that every event or change in market conditions creates a new investment opportunity. Since the beginning of the real estate market downturn, rental values have increased at a steady rate and they are likely to continue to do so for the predictable future. The foreclosure and short sale victims have virtually insured this escalation. With the advent of depreciated property values and exceptionally low interest rates, the market for income-producing properties has accelerated as never before. The investors are out in droves. As a result of all of these factors working in tandem, most residential property purchased with a 20% down payment will create positive rental cash flow. Over the decades, properties purchased for rental purposes comprised approximately 5 to 15% of the market whereas today it could be as high as 40% in some markets.

The “show stopper” could be the overall economy. The public wants to believe in a prospering economic future and there are currently enough positive signs to indicate that the worst is over. However, it wouldn’t take much of an economic tailspin to erode a very tenuous return to consumer confidence. Most of us believe in real property as an investment vehicle for the long haul. When considering all of the industries that are dependent upon the housing market it is difficult to conceive of the possibility of a robust economy without an appreciating real estate market.

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New Step by Step Roadmap for Real Estate

Real estates have various laws and terminologies. If you wish to put money into real estate and quit wasting your Money paying rent, it’s possible and you might also locate a small home which will cost roughly the exact same. Nonetheless, with a couple precautions, you also can double close in actual estate. Real estate is a particular instance of genuine property. Real estate employs weighted averages for an assortment of reasons, particularly to locate the appraised price of a house. If you would like a truly passive method to put money into Real Estate, you might want to research Real Estate Investment Trusts (REITs).

The Benefits of Real Estate

Being a realtor is tough. Realtors have systems in place to manage all that paperwork to make certain it is filled out correctly, at the proper time, and filed in a manner that ensures closing happens when it should. They also tend to work with a team of people to close on a home, so there are a number of individuals, professionals, who are doing their part to accomplish a big task. Experienced real estate agents already have established networks and company relationships that permit them to minimize the price of selling.

Realtors have the capacity to produce an influence on the lives of their clientele. With real estate agents, it ought to be the exact thing. Realtors represent buyers or sellers in the selling of property. They currently improve their marketing techniques with minimal efforts by the use of artificial intelligence. Realtors and brokers might also raise their earning potential by raising their sales volume. They are constantly in contact with a lot of different people, including as clients and other real estate agents. They have a great deal of flexibility in how they schedule their lives.

The Do’s and Don’ts of Real Estate

It is possible to buy the home at a bargain price, but you could end up spending an excellent deal of money fixing its problems. No matter where you intend to buy, rent in addition to sell a house if you’re involving a real estate attorney you’re always with an excellent idea for the betterment of future. Purchasing a house is a considerable investment. The Realtor listing it can also use the pre-home inspection as a selling tool to gain more buyer interest. Perhaps, your new residence might be only a mouse click away! High priced homes and higher interest rates are an ideal combination for a different bubble burst in the actual estate industry.

The last step in running a thriving real estate investing company is to come across buyers and renters for the properties who are ready to pay your asking prices. Typically, real estate businesses see a 4300% ROI in regards to email marketing. There are lots of real estate businesses, that are specialised in the selling and rental of both commercial and residential properties, which likewise includes new developments and the buying and selling of land. For such demand of homes in Calgary the actual estate company is a really flourishing enterprise. The true estate advertising market has taken an exciting new turn in the past couple of years.

If you’re looking for a way to enter the actual estate market, then consider bank owned foreclosures. The housing market is just one of the rapidly growing industries on the planet. It is one of the most lucrative markets in terms of investment, because the kind of returns that the real estate market is known to give, other investment tools can rarely match. At the moment, the NYC housing market is experiencing a purchaser’s market.

Buyers want to access a wide selection of prospective properties without physically being at the website. In summary, if you’re seriously interested in turning into an appropriate estate buyer, you are going to want to have an appropriate estate program or buy a set of your very own real estate asset guides. When it has to do with becoming a fantastic real estate buyer, analysis cannot be highlighted on enough. By making the effort to really learn about real estate asset, you are more inclined to turn into a superb real estate buyer. If you’re interested in becoming an excellent, profitable real estate buyer, you are going to want to create sure you know precisely what you are doing, when selecting real estate qualities.

Decide which kind of genuine estate investor that you want to be. Many experienced real estate investors also opt to add new characteristics to their newly purchased properties to earn more money on a sale. There are a few actual estate traders that are successful, while some aren’t. As you don’t necessarily need to employ a real estate broker to purchase and sell houses, they supply valuable services that will help save you time, aggravation and possibly money. When there’s a buyer keen to look at your house in the rain they’re serious.

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