| Flipping Contracts (real estate)
|
| ACS provides free articles on credit counseling, debt consolidation loans and refinance mortgage. |
Flipping Contracts
[ Bookmark this page! ] [ get HTML Version ]
Cheap Government Repo Houses
These days, the prices of houses are extremely high and unaffordable for people who've got a low or average income. And because the prices of houses are expensive, most families find their niches in apartments or condominiums. But a wise family head can better think of a solution. The government has a way of opening chances for people to own their dream houses. That is none other than the cheap go... Read real estate article
Saving and Investing Your Money - Best Real Estate Option
None of us have a crystal ball that can predict what the future will bring. We all know that it is wise to put away some money in case of emergencies and to invest for our children's' college education and our retirement. However, despite this wisdom, all too often money is tight and it's hard to come up with it to invest in anything at all.
Many families are struggling just to make end... Read real estate article
Flipping Contracts
How can you flip a contract, instead of a property?
You have seen the Carlton Sheets or Ron Le Grand advertising about making a fortune in the real estate business. And you still wonder if it is true or false.
Well, stop right here, save your money and read this 'No risk, No money, No nothing' way to make money with no money down STEP BY STEP and FOR FREE!!!.
Let's say you find a property for sale, maybe a 'for sale by owner' or anything else.
Do your homework and know how much that property worth. Let assume the property worths $100,000 market value today and the owner wants to sell due to divorce, foreclosure or whatever the reason. The transaction will be easier if the owner is motivated to sell. He is asking $95,000 for quick sale. Make sure this property can sell for around $100,000 easily.
Now do this step by step:
-Get an offer as low as possible. (Let's say you got it for $86,000)
-On the contract, buyer is 'Your name AND/OR ASSIGNS'
-Closing date in 60 days (more is even better). It gives you 60 days to try to sell it before to go to closing
-Inspection within 60 days (more is better)
-And you buy the property 'AS IS' with right to inspect.
-Disclose the facts that you do this as an investor, meaning you do that to make money.
The next day you advertise that property in the newspaper for $98,000, or $2,000 less than market value. Of course, the highest, the best. But by selling below market value, you will definitely get lots of attention from rehab people and other investor or even buyers.
Now or you sell the home for $98,000 and you make an addendum to the contract saying this: -Contract assignment to 'Mr. New Buyer' for a value of $12,000 to be paid at closing.
This addendum needs to be signed by first seller, by first buyer(you) and by second buyer. At closing, you name does not appear on the deed, the deed will go from first seller to second buyer. You just get your $12,000 check.
Or you did not sell within 60 days. So day 50 or 55, you do an inspection and because
you bought it 'AS IS' with your right to inspect, you will not buy the property because you will not be happy with the inspection for whatever reason. Lost of inspection fee ($150-$300)
Bookmark this page | Search this site | E-mail to a Friend
Top Questions to Ask Your Realtor
The days of putting a sign in the yard and throwing a home in the local Multiple Listing Service are long gone. With the advent of the internet, and technology in general, the real estate industry has changed dramatically! Do you have an agent that's marketing your home to its fullest potential?
Here are 10 Questions to ask your Realtor to make sure your home is getting the right exposure.
Most importantly, how will your home be marketed? Agents today should be offering a full color brochure for your home along with a virtual tour available on CD. Your home should have a HUGE presence on the web. Advertising still plays a key role; your agent should be running full page ads in the local paper.
What kind of internet presence will your home have? Top Realtors will now showcase your home with its own website and have someone onsite that works daily with web positioning and marketing.
Does your agent have the resources to make all this happen? Your Realtor should have an entire team to make sure marketing happens. Some may even offer a professional Home Stager to you at no additional cost.
What kind of communication? Realtors should be offering you a 24/7 online report detailing advertising, showing feedback and more. Their team should consist of separate closing, listing and marketing personnel.
How many transactions have they had? You're looking for experience in negotiating here.
Customer service is not only still important, it is all important. The Realtor should have a customer focus with all of your specific needs as a priority.
What kind of value added services does your agent provide? Realtors need to justify their commission more and more these days. Look for an agent that brings more to the table, such as a Home Stager, appraiser and even a free moving truck.
How many buyer agents are on their team? More buyer agents bring in more buyers to sell your home quicker.
Lastly, make sure you find out how many years of sales experience your agent has had.
If you find an agent that meets all of these qualifications, consider yourself lucky. Your home will be marketed to the largest possible audience and allow you to get the highest price for your home!
Top rated articles for real estate
1. Commercial Real Estate - Asking the Right Questions
There are many "insider" commercial real estate secrets. One of the most important secrets is knowing the right questions to ask when investigating a commercial property investment. While I'm not goin... Read real estate article
2. Profiting from Hard Money Lenders When Flipping Houses
Hard Money is an interesting financial animal. It's history is colorful to say the least. Born by the need for rehabbers to get access to funds when a property is in disrepair and which no bank would ... Read real estate article
3. How to Bottom Fish in Florida Real Estate Market
After many years of spectacular growth, Florida property, like the rest of America, has seen a recent decline. High interest rates have taken their toll but less well recognised, 2005's above average ... Read real estate article
4. Investment Property = Best Investment
Look in your wallet. The cash you see is not being invested and is not making you more money. That dollar in pocket change will buy you a soda, but soon it's gone and that indicates a temporary value ... Read real estate article
5. Short Sale
There are two types of short sales. One deals with stocks and the other with real estate. This article will deal with the real estate short sale. The real estate short sale can be looked at from the s... Read real estate article
6. Local Real Estate Values
In some areas of the country it is getting more and more difficult to find values that make sense for investment. Further complicating returns are accelerating taxes and insurance. Laying this all ove... Read real estate article
7. Rates are Higher but Its a Buyers Home Market
Not much over a year ago, I was in a Jacksonville closing agents office. Everyone was scurrying around and the office was full of people there to close real estate transaction. On this same day, I wit... Read real estate article
8. Bad Credit Refinance
Bad Credit Issues
Your credit is a critical part of getting approved for a mortgage. When you have bad credit you may have a harder time getting approved, and your interest rate may be high... Read real estate article
9. How to Advertise Your Home For Sale Effectively
Your home is appraised, inspected, painted, repaired, and ready for sale! You have a set price and a list of criteria for the perfect buyer. You have a sign on the front lawn and an e-mail to all your... Read real estate article
10. Tips For Selling Your Own Home By Owner
If over 30% of all homes sold are by owner, then why is it your "friendly real estate agent" says he is the only way to get the job done? I really don't believe real estate agents anyways as I have wi... Read real estate article
Credit Counseling and Debt consolidation services in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi,
Flipping Contracts
Debt consolidation services in Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania,
Debt consolidation services in Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin and Wyoming.
Add website or submit URL link of your site to 1000 free directory