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Real Estate Investment - Invest The Right Way
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Finding the Ideal Real Estate Agent
This article will offer tips on finding the ideal real estate agent for you. But first, we need to define the word "ideal" as it's used in this context.
The ideal agent is not always the one with the most sales under his or her belt, or the most years on the job. The ideal agent is one who (A) listens to you, (B) is easy to get along with, and (C) has the tools and skills to address you... Read real estate article
How To Make Good Money in Real Estate Easily
On the late-night infomercials, there is always a constant parade of real estate gurus telling rather gullible insomniacs about the easy ways to make money in real estate.
If they're presentations weren't so irresistible, one might actually know better than to buy their pitches.
Buying and selling cash flow notes? Nope, that's not one of the easy ways to make money. You have ... Read real estate article
Real Estate Investment - Invest The Right Way
Real estate investment is going through its best period ever. Many real estate investors are seeking old run down and neglected properties, giving them a face lift and reselling these properties for huge profits.
This type of real estate investment is more the experienced investor rather than a new comer as it requires certain amount of knowledge about finding the right property, redoing it while keeping all the costs extremely low.
An investor interested in rehabbing a property should have good knowledge of the local market along with land / property value. The investor should also be experienced in rehabbing a property otherwise he / she will not know what needs fixing and will not be able to estimate the cost of rehabbing the property.
Besides this, the investor should also see the location where the property is while paying close attention to the neighborhood and the facilities available. All this will help when reselling the property.
When you are investing in property with idea of rehabbing it, it is extremely important to pay close attention to your budget. This budget is for renovating the house so that you can sell it later. If you exceed your budget, your profit margins will be less. Investors who are qualified to renovate the property themselves end up cutting their renovating costs by nearly 50% as contractors can be expensive.
Whether it a commercial or residential property, you can decide which you prefer because it is possible to renovate both types of property and sell them for a profit. There are several websites that can help you locate property that need rehabbing.
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Selling Your House - How Many Real Estate Agents Do I Need
A few years back we decided to sell our house and move on to a new area.
One of the first things we did was put a signboard on our window with our telephone number on it so that anyone interested could call us and we could show them the house.
The result was terrible. Estate agents kept on calling saying that they had clients for our house. First you think 'hey, that is pretty cool' so the estate agents came to our house by the dozen taking photos and measuring the rooms. We thought we had the house sold.
Months passed and every week one or two newly established estate agents would come to our house and do the same thing. What was funny is that none of them ever came with any clients.
So we thought that maybe the house was too expensive, so we dropped the price and actually spent our time and money calling all these Agents telling them about the price change.
Then we did get clients through them, but I will never understand why we got the same clients through various Estate Agents. If they had already seen the house then why come with another Agent to see it again?
Well it seems this is pretty the norm. They see the house with one and then visit another because they know the Estate Agents usually have the same houses for sale and see it again and try to renegotiate the price.
Why do Estate Agents allow this? Every time we negotiated the price because the Estate Agent said that someone who saw our house wanted to buy it, instead of selling it, we would see the same clients with another Estate Agent. So all that was happening is that we were negotiating with one Agent the price that had already been negotiated with another Agent and they were from different companies.
My advice to anyone selling their house is find an established agent and stick to him. Putting the house for sale in a lot of agents will only gave us headaches and if you do sell the house be prepared to sell it for much less than what you initially asked for.
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