Find Real Estate Investment Tips That Work for You

Buying A Home: Three Smart Actions To Take

Posted by on October 21, 2016 in Uncategorized | Comments Off on Buying A Home: Three Smart Actions To Take

When you have finally saved up enough for a downpayment for a new house, you may be thrilled about the possibility of home ownership and eager to start your search. However, the process of searching for and selecting the home you’ll live in for years can soon become overwhelming. Here are actions you can take to make smart choices throughout the process. Seek Out a Fair Mortgage Looking at different homes for sale is fun, but before you even contact a realtor, you need to be certain that you have the financing for a house settled. That way, you won’t adore a home only to find out you are unable to get a mortgage approval for it. Shop for low interest rates and favorable terms with different mortgage lenders until you get a deal you are satisfied with. You’ll feel a sense of relief when you finally start seeing homes and are confident that you can afford them. Sellers will also be pleased if you are pre-approved, as the sale will go through more rapidly. Have the House Inspected Discovering that a house needs a list of repairs that you weren’t expecting can be expensive and stressful. While the seller is likely to disclose problems with the house before you buy it, if you want to be confident that the home is in good condition, you may want to enlist the help of a home inspector. The inspector will take a look at the entire structure and give you a report about what needs to be fixed right away and what might turn into a problem down the road. The information from the inspector can help you in a number of ways. If you are still interested in the house, you can ask the seller to knock down the price a bit. You can also put a plan in place now to save for repairs you know you’ll need. Find Out about Other Local Sales When you’ve finally chosen a particular home and want to place an offer, it’s important to do everything you can to ensure that the price you are offering to pay is fair and that you aren’t overpaying if that offer is accepted. Ask your real estate agent to find comparable sales of houses in the area to see what they sold for. Some adjustments might have to be made for different amenities and features when comparing your future house to others, but you’ll get an idea of what other buyers have paid. You might want to even have an appraiser give you some idea of what the house is worth so you can feel comfortable that your investment is a sound one. Take the actions above to avoid problems and feel good about the home you buy. Get additional buying pointers from your...

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How A Real Estate Broker Is Helpful When Selling A House

Posted by on October 14, 2016 in Uncategorized | Comments Off on How A Real Estate Broker Is Helpful When Selling A House

Do you need to sell your house in the fastest and smoothest way possible? Marketing a house to potential buyers and going through the selling process is a difficult task when you don’t have the right kind of experience. You can actually have more success with selling your house if a real estate broker is by your side through the process. Below, you will find out why assistance from a real estate broker is a wise decision when trying to sell a house. Appraise Your House for the True Value One of the services of a real estate broker is to appraise a seller’s house. However, the service can only be offered if the broker is properly licensed depending on the state you reside in. Learning the true value of your house will help with setting a fair price and attracting potential buyers. Overpricing your house can lead to your house staying on the market for a long time. Compare the Value of Your House to Competitors A real estate broker can provide a comparative market analysis (CMA) of your house. Basically, a CMA is useful when selling a house because it will let you know how the value of your house compares to competitors. The broker will also let you know why a competitor’s house in the same neighborhood might be worth more than yours. Suggest Improvements That Can Help Make a Sale If your house is not as valuable as you would like for it to be, a broker can suggest improvements. He or she will base the suggestions on the type of features that competitive houses have that yours don’t. For instance, if many of the houses in your neighborhood are equipped with irrigation systems, you might want to get one of an equal value for your house as well. The broker might suggest making changes to interior areas such as the cabinets, countertops, and flooring materials. Thoroughly Market Your House to Buyers You can expect a real estate broker to thoroughly market your house to potential buys via various methods. For instance, the broker will likely already have a list of people who are looking to buy a house.  He or she will also put your house in a multiple listing service database that is accessed by other real estate industry professionals. An appealing for sale sign will be placed in your lawn as well, such as one that is not hard to miss when people drive by. Speak to a real estate broker about your...

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Three Small Details To Note From Pictures In House Listings

Posted by on October 7, 2016 in Uncategorized | Comments Off on Three Small Details To Note From Pictures In House Listings

When you are looking at pictures of homes that you are considering on a multiple listing service, you may be excited to see some of the features that you will get inside of these homes. Some home listings will show small details, including the ceiling trim, while others will take one large photo of the rooms to show an overview of the home. Here are three photographic details that you should take note of in any home’s photos before expressing your interest in bidding.  Take a big look at photos of the exterior A photograph of the exterior of the home can tell you a lot about the house. You will be able to tell how well the front yard has been maintained, see any issues with siding or crumbling bricks, or see any unfixed roof issues. Along with any issues in the front of the home, you will also be able to tell a little bit about the neighborhood. You will be able to see if the other homes look similar or if the neighborhood seems to have homes in many different states of build or disrepair.  Figure out if the home is being lived in When you take a look at the photos of the home, if the furniture looks like it belongs in a showroom, this could be a sign that the home is no longer being lived in. A home without any furniture but looks like it needs some tidying could mean that it was abandoned. It is important to understand the state of the home that you will be getting, so ask your real estate agent on the current situation of a house you are skeptical about.  Determine if anything is being deliberately skipped If a home has a number of detailed photographs but skips a spot or two in the home, this is a time when you should be skeptical. If there are major issues in any room or if a room is unfinished, you may not be able to find an unobstructed view of the space. If you notice this in specific rooms around the home, you may need to view the home in person to determine the true detail. Viewing the home will give you some idea of whether the house is completely finished or needs some work done that has not been revealed in the advertisement.  For more information, contact local professionals like Premier Property Group...

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Location, Location, Location — 5 Ways To Know Where You Should Buy A Home

Posted by on September 30, 2016 in Uncategorized | Comments Off on Location, Location, Location — 5 Ways To Know Where You Should Buy A Home

If you’re looking to buy your first home, you may often hear the refrain, “location, location, location”. Obviously, finding the right location is a key for most experienced home buyers. But, as a newcomer, how can you know what is the right location? What should you look for? Here are the top 5 tips to finding the best location. Neighborhood. A key rule of thumb for many home buyers is to buy the worst home in the best neighborhood. Why? Because you can fix up the home, but it’s nearly impossible to fix up the neighborhood by yourself. Buying a home in a stable, safe, growing neighborhood — even if it needs some repairs or modernization — can give you a great return on your investment when you seek to sell. Schools. Whether or not you are planning to have kids, it’s still important to look at the schools in the area. This is because it is likely to be important to those who will be interested in buying your home when you later decide to sell it. As a first-time home buyer, your home will likely be the kind that is geared toward selling to young families, so don’t underestimate the value of having good schools and kids’ activities in the neighborhood. Access. What type of access is considered “good” in your region may vary. In a city or suburban area, it’s likely to mean convenient access to shopping, restaurants, and other popular activities. It may also mean having easy access to a freeway if you are buying in an area with a lot of commuters. In a more rural area, the term may mean access to lakes or other water spots. Find out what’s important in the area, and look for easy access to it if you want a good resale value. Noise. The noise factor is one item that may make for a bad location. Homes that are near airports or hospitals, university housing, or fire stations can be a turn-off for future buyers due to fear of nighttime noise. Be wary of homes on busy intersections, bordering highways or freeways, or right beside schools, too. If you’re unsure of the noise levels in a certain neighborhood, talk to existing neighbors or visit the area during different parts of the day or week.  Views. Having a view can be more or less important to people, but it’s especially valuable if you buy a home in a smaller city or a rural area. Having the view you want can make up for having to make some changes in the home itself. However, keep in mind that the view can change if development is likely. So, if you do find a location with a view you love, you may want to consider purchasing the view itself.  By knowing what defines a “good location” both for yourself and for your future home buyers, you can help ensure that you find the right home now and that you get your money’s worth when you decide to sell it. For help finding your dream home, contact a real estate agent from a company like GREENVILLE...

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Four Tips For Selling A Home With An Unattractive Exterior

Posted by on September 16, 2016 in Uncategorized | Comments Off on Four Tips For Selling A Home With An Unattractive Exterior

Curb appeal is often touted as one of the essentials for selling a home. So what should you do when your home’s exterior is unattractive, but you don’t have thousands of dollars to spend on new siding, landscaping, and similar improvements? Selling your home may be a struggle because potential buyers won’t get that excellent first impression – but it is not impossible. Use the tips below to maximize your chances of success. Plant some fresh flowers. A pop of color from fresh flowers may do more for the exterior of your home than you’d imagine. Head to your local garden store, and buy some colorful annuals. Marigolds and pansies are always good choices since they bloom for a long time and do well even with little water. If your landscaping is not set up for planting flowers, then plant them in a few big pots or planters, and set the pots on either side of your front door. The flower displays may help draw attention away from the otherwise unimpressive exterior. Have a lot of open houses. Potential buyers who just drive by and look at the house on a whim may be turned off before they even come inside. But if you hold an open house, you stand a greater chance of actually getting people in the door so they can see your home’s upside: the interior. Make sure you work with a realtor who believes in holding a lot of open houses, and do all that you can to make those open houses spectacular. Clean the house impeccably, bake and serve cookies, and play soft music in the background. Include pictures of the interior on the sign. Some real estate agents have taken to including pictures of homes’ interiors on the “for sale” signs they place in front lawns. Definitely take advantage of this approach. This way, potential buyers who are driving by at least have a chance of seeing that the interior is in better shape than the exterior.  Select advertisement wording carefully. Your advertisements and home descriptions really need to emphasize how lovely the inside of the home is. Statements like “You have to see the gorgeous inside of this home!” and “The inside is wonderfully updated so you can focus your efforts on the outside!” should help draw potential buyers inside, rather than leaving them to assume that the inside of your home is as scrappy as the...

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Tips for Selling a Home in a Bad School District

Posted by on September 16, 2016 in Uncategorized | Comments Off on Tips for Selling a Home in a Bad School District

“In a good school district” seems to be at the top of most home buyers’ must-have lists—at least among those buyers who have children. Even those who don’t have children often seek homes in good school districts since they know these homes will be easier to sell later on. So, what should you do if you’re wanting to sell a home in a lousy school district? Are you going to be stuck with this home for decades until local test scores improve? Not if you approach selling the right way! Here are some tips for selling a home in a bad school district. Don’t mention families in your advertising copy. Your most likely buyers are not people with families. They’re young professionals who either do not want children or are not yet thinking about children. They may be older adults who have already had their children move out and are now looking for a new home. If you market your home to families, you’re just going to get discouraged as they show up to look but never make offers. To do a better job of marketing to young professionals and older adults, emphasize the following things.  That the home is in a quiet neighborhood. (Hopefully this is true!) Spaces like home offices and hobby rooms. Modern features like breakfast bars, updated cabinetry, and energy-efficient appliances. Don’t even mention the school district in your home description. If someone who is otherwise interested in your home sees the school district listed, this may turn them off. It’s better to just leave this information out of the ad entirely. Potential buyers can look it up or ask you if they want to know, but not having this information in the forefront minimizes the chance that a potential buyer will be turned off by it. Have a list of private schools in the area ready if anyone asks. There’s a chance that someone with the intention of sending their children to a private school may be interested in your home. To capitalize on this possibility, make sure you look up a list of the best private schools in the area. Ensure your realtor does the same. This way, you’re prepared to answer any buyer questions about private schools. Selling a home in a bad school district is not always easy, but with the tips above and the guidance of a good realtor, it can be done. Make sure you take the school district into account when setting your asking price for your real...

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Addressing Three Air Conditioning Inspection Questions

Posted by on September 9, 2016 in Uncategorized | Comments Off on Addressing Three Air Conditioning Inspection Questions

When you are preparing your home to be sold, it is important for you to take proactive steps to help address some of the concerns that potential buyers may have. In particular, the air conditioning system can be of particular concern for those looking to buy a home. However, many sellers may not be informed about the need to have the unit professional inspected prior to listing the home. By having these questions about air conditioning inspections addressed, you will be better prepared to address these concerns. Why Should You Have The Air Conditioning System Inspected? When someone is evaluating whether or not they should buy a house, they will likely be concerned about any needed repairs the property will require. Considering the importance of an air conditioning system for the comfort of a home’s interior as well as the expensive repair costs, it is easy to see why a buyer may be hesitant about investing in a home with an unproven air conditioning system. How  Long Will This Inspection Take? It can be a common concern for some homeowners to be worried about these inspections being inconvenient. Fortunately, an experienced air conditioning inspection expert will be able to complete this evaluation in a fairly short period of time. Additionally, you will not need to be home for this work as long as you leave any doors that the inspector may need to access unlocked. If you are worried about leaving doors unlocked, you may opt to leave a spare key for the inspector. Will The Inspector Repair The Problems That Are Discovered? There are many first-time sellers that may assume the air conditioning inspection expert will repair any problems that they discover. Rather, these professionals will simply prepare a report outlining the condition of the air conditioning system at the end of this inspection. Depending on the service you used, they may be able to repair the problems, but this will involve additional costs and other fees as it is considered a separate service. Having your air conditioning system inspected can be an important step for ensuring that your home is as attractive as possible to any potential buyers. By appreciating the importance of this simple task, that it will not be particularly inconvenient and that the inspector will not repair the problems that are discovered, you will be better prepared to know what to expect when you are needing to have your air conditioning system inspected. For more information, contact a business such as Home Inspection...

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3 Tips For Finding A New Apartment When You Have A Vicious Breed Of Dog

Posted by on August 31, 2016 in Uncategorized | Comments Off on 3 Tips For Finding A New Apartment When You Have A Vicious Breed Of Dog

If your dog is a breed that is considered to be vicious, you are probably already aware of how challenging it can be to find a landlord who is willing to allow you to rent an apartment. Since apartments so rarely come with private, fenced yards, it can be even more difficult to find an accommodating landlord since your pet will not have the space to run off its energy or become more complacent when you are away from home. Fortunately, the following tips will make it easier to find the perfect apartment that meets both your needs and those of your beloved canine. #1-Enroll Your Pet Or Show Proof Of Their Previous Completion In Obedience Classes It is not unusual for landlords to fear that excessive barking, chewing or other unpleasant habits of larger, restricted breeds could deter other renters from living nearby or cause damage to your apartment. In that instance, you may be able to offset their fears by showing proof of their training. If your dog has previously successfully completed any type of canine manners, training or obedience classes, this will be a good time to dig out those certificates. If that has not occurred yet, you may want to consider enrolling them in a class that meets frequently, so you can produce evidence of your dog’s good nature, manners, and training. #2-Offer Proof From Previous Landlords That Your Dog Has Not Caused Problems Since future landlords will not have the benefit of knowing you or your dog very well when you first meet, they are likely to use the information they do have. Unfortunately, that means that they are probably considering the many bad experiences that they are aware of with vicious breeds of dogs and irresponsible pet owners. Therefore, you should provide proof that you and your canine have previously been and will again be good tenants. Since your landlord will have access to the contact information of persons or apartments from whom you have previously rented as part of your application, it is a good idea to allow them to verify the information relating to your pet’s experience as well. You may find that verifying there were no complaints about Fido at your previous address, you may have a better chance of bringing him to your next home. #3-Be Flexible With Your Finances And Lease Terms If despite your best efforts, you have a Iandlord or property owner who is stiII concerned about aIIowing your pet, you may find that offering to Iimit their IiabiIity is helpful. Since you are sure of your dog’s future behavior and the person you would Iike to rent from is not, one option would be to offer to sign a shorter lease. By agreeing to stay in the unit for only three months or even on a month-to-month basis at first, the Iandlord knows that the damage or complaints your dog may accrue wiII be more limited. Thus, you might be a better risk. Another option could be paying a bigger pet deposit, which would also limit the amount of money your Iandlord could Iose if your pet damaged the rental property. However, it is a good idea to verify that any deposits you pay would be returned in fuII at the time you move out. That...

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Things All First-Time Home Buyers Need To Consider

Posted by on August 24, 2016 in Uncategorized | Comments Off on Things All First-Time Home Buyers Need To Consider

It’s completely normal for your to be excited about buying your first house. However, it’s also important that you don’t allow the excitement that you’re feeling to overshadow the importance of the decisions that you need to make. You probably already have a an idea of what you expect to have in a new home, but have you taken the time to think about your needs realistically? Before you start shopping for your first home, take time to consider these things. Long-Term Needs  Often, people who are buying their first home only think about what their current housing needs. This is why you see a lot of homes advertised as “starter homes.” People tend to purchase smaller houses because they don’t currently need a lot of room, anticipating that they will purchase a larger house when needed. However, if you purchase a home only expecting to live in it for the next few years, and you can’t purchase a larger home or build an addition onto your current home when you do need more room what will you do? When you’re purchasing your first home, you need to think long term. If your goal is to eventually use your first house as a rental to generate passive income for your family, purchasing a smaller “starter home” might be a good option. However, if you’re planning to raise a family in your new home, you should try to purchase a house that’s large enough to eventually house your growing family. Know Your Needs Unless you’re building a brand new home, there’s a good chance you’re going to have to make some compromises at some point during the buying process. So, before you start looking for a house to buy, you should make a list of the features that you’d like in your new home. Once you’ve listed all of your “wants,” take the time to prioritize your list. Use a highlighter to highlight all of the features that you’ve included on list that are your “must haves.” These are the home features that you absolutely can’t live without. Use the list you’ve made as a checklist when you tour potential houses so that you can keep track of which features are available in each home you see. This way, when you’re narrowing down your options, you’ll know exactly what each house has to offer, and you’ll be less likely to purchase a house that doesn’t have your must-have features because you thought it was beautiful. By knowing exactly what you need and what your long-term goals are before you start shopping for houses, you can relax and enjoy your first home-buying experience. After all, buying your first home is exciting and you should be able to enjoy...

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Seeking A Rental For The First Time? Should You Get A Real Estate Agent?

Posted by on August 6, 2016 in Uncategorized | Comments Off on Seeking A Rental For The First Time? Should You Get A Real Estate Agent?

Whether you’re going from a home you’ve owned to a rental property in another state, or are looking for your first solo living situation after college or graduate school, you may be perusing rental listings and wondering how you’ll ever be able to save several months’ rent for a deposit while paying moving expenses and your other costs of living. While you may associate real estate agents with the purchase and sale of homes, they can sometimes assist with rental transactions as well. Read on to learn more about the payment structure for real estate agents helping you find rental properties, as well as the factors you’ll want to consider when deciding whether to enlist the help of an agent to find your next rental. How are real estate agents paid for helping you find rental properties? When a real estate agent helps you find a home or condo for sale, he or she will usually receive a commission based on a percentage of the selling price. However, the payment arrangement for a real estate agent who assists with a rental transaction can vary from a percentage of the first month’s rent to the security deposit or other initial payment. You may also opt to pay your real estate agent a flat fee based on the number of hours he or she has spent in trying to find your perfect rental home or apartment. Should you get a real estate agent to help with your next rental transaction? Although it’s usually possible to rent a home or apartment without using a real estate agent of your own, there are some situations in which the use of a real estate agent can be beneficial. If you’re in a hot renter’s market where new properties are snapped up nearly instantly, you may want to cultivate a relationship with a seller’s agent so that he or she can send rental properties your way as soon as they hit the market, rather than making you compete against others who are constantly stalking the rental listings in your area. A real estate agent can also help you if you’re moving to an area you haven’t (or have only rarely) visited before, as he or she will be able to make a number of dinner, home improvement, and entertainment suggestions to help you and your family members begin to fit in among your new neighbors...

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