Monthly Archives: August 2018

Find the Best Real Estate Deals

If you are looking for a great real estate deal, you should consider taking a chance at foreclosures. Normally, when a mortgage or loan on a property has gone past due, the lender or the bank is reclaiming the property and that means is referred to as a foreclosure. According to some studies, it is possible to buy foreclosed homes at discounts of up 25 to 50 percent more. The best place to begin your search for a foreclosure property is the Web.

Foreclosure Listings

Currently, there are a number of websites that are offering wide-ranging foreclosure list.
These sites often have hundreds of home listings in all states and cities across your country. Browsing these sites is by far the best means to locate all kinds of foreclosed properties. Prices are unbelievably low and the choices are delightfully abundant and varied for smart foreclosure purchasers.

Such foreclosure listing on the Web can bring you the best choice of homes available in every phase of the foreclosure process. With an online foreclosure list, you can be the first to know if there are fresh distressed properties in your area, review foreclosure auctions that are about to come so you can bid low, check out the most up-to-date bank foreclosures and all foreclosure listing in a single place. Due to improved technology, nearly all kinds of foreclosure listings from different sources can be accessed now in one search directory.

Most of these websites charge membership fee. Only then you can access a database that the general public cannot just see. This is why you can learn of newest foreclosures ahead of others as registration is required for exclusive access to all foreclosed property listings. A number of today’s best real estate deals can be found with “pre-foreclosures”, for sale by owner, tax sales and rent to own homes. The best deals are not well publicized or not well-known but if you know where you can find them, you will surely have better alternatives that a lot of purchasers may miss. Foreclosure listings can help you identify bargain homes in your country!

Alternatives to Purchasing Foreclosed Homes

A lot of people are purchasing homes before they actually enter foreclosure. “Pre-foreclosure” houses have motivated a number of sellers to sell their properties below the last price. Aside from pre-foreclosure homes, you may also consider browsing for list of tax sales and buy the rights to houses that are delinquent on their tax payments. Purchasing a rent to own home or for sale by owner home from a listing can give you a lot of benefits, which include owner financing without down payment or with low down payment, prevention of agent commissions and best choices of cheap houses currently available.

Getting the Best Real Estate

It is essential to make sure you get the best real estate broker, no matter if you are looking to buy or sell, it will pay off. Look around and talk to as many potential brokers as possible before deciding on one, as this is critical.

You need to ensure that the one you hire is qualified. Also, ask them how long they have been in the business and what kind of record they have.

Another thing you will want to think about is how well you get along with them and whether you trust them. Make sure to hire one that you can talk to easily and who is reliable with regard to returning any calls or communication.

They should have a reasonable knowledge of the neighborhood that you want them to help you with. You can check to see if they have made sales or purchases in your area, as this will ensure you know they are telling the truth.

The thing is brokers have a lot more resources than a normal person, like M.S.L. This is the advantage of having a broker on side so make sure you make the most of it.

Also, ensure that your broker is listening to your requests and is good at getting along with people. Most real estate deals include some bartering and you want to get one who has shown some reasonable skill at this type of interaction.

Keep in constant communication with your broker and talk to them as often as possible so they know what you want. Even if they cannot always answer your call, your broker should be good at getting in touch.

Real Estate Agents Working With Investors

“Ten Real Estate Service Standards of Top Real Estate Agents in Maryland Were Polled for Core Real Estate Practices of Service”

Have you been looking for the BEST Real Estate Agent to help you close your investment deals? Well, from working with various real estate agents, I was having a hard time finding an agent that practiced all of the service practices that I found invaluable. I decided to re-activate my realtors license and service real estate investors with what they need most.

So whether you work directly with me or not. This is what you need to look or in an agent. The Best Real Estate Agents Educate their clients. When you work with your real estate agent, you should Learn Real Estate Sales Strategies for Maryland or your specific area. If you are an investor, you want your agent to have experience investor so that they understand your needs. Contact Me and Get Your House or Investment Sold Today! Read My Personal Service Standards Below:

1) CLIENT-AGENT RELATIONSHIPS

At the beginning of my client relationship, I will explain my client-agent obligations, noting that my client is my employer and pays my fee.

2) STRUCTURING THE OFFERING

I will advise my clients on the most advantageous way to offer their home for sale, reflecting varying terms and conditions of sale.

3) MAXIMUM MARKET EXPOSURE

My client’s home shall be fully exposed to the largest number of potential buyers possible, using all available resources.

4) PREPARING THE HOME

I will advise my clients on how to prepare their home to show it in the most positive manner and will make recommendations as to how to address needed repairs or deficiencies.

5) APPOINTMENTS AND NEGOTIATIONS

I will ensure that all negotiations by interested parties and other agents are coordinated through me, the
listing broker.

6) INFORMED ON THE MARKET

I shall advise my clients weekly on buyer activity and interest, local market conditions and other factors that may affect the sale of their property. I will provide an updated Market Value Analysis, if warranted by
increased or decreased market activity.

7) QUALIFIED LISTINGS

I recognize that only a “qualified listing” provides my clients with the basis for a successful sale defined as a
home listed with the following:

¥ Complete and accurate details

¥ Well-motivated clients

¥ Competitive price by a market analysis

¥ Competitive structure

¥ A Properly Staged Home

¥ A term sufficient to market the home

8) OVERPRICED HOMES

I will advise my clients that I cannot properly represent, nor professionally service listings that are
overpriced, as I must be able to substantiate and defend my client’s “BEST PRICE” to potential buyers.

9) THE MARKETING AND CLOSING PROCESS

I will explain to my clients every step in the marketing and closing process, including the amount of “earnest money” that should be secured as a deposit and what contingencies may be considered unreasonable.

10) COMMUNICATION

I will establish consistent communication with my clients, either in person, on the telephone or via e-mail, and will commit all understanding to writing. I will advise on prospective buyer reaction and the merits of all
offers.

Best Real Estate Investments

Being a real estate investor, you need to make sure that you choose the best deals because if you are unable to find that, then you will face troubles while obtaining hard money loans. So, your ultimate goal should be to focus only on finding the best real estate investments.

I have discussed before that if you want to make good money in the real estate scenario, then you need to compare the estimated value of the property to the values you get from the evaluators, which are termed as comparables. In this way, you are using 2 comparables, one from the evaluator and the other based upon your findings.

If there are some deficiencies in your estimated value report, you can use the option of “Property Approval Plus”, which will give you all the information related to the locality where your property is situated. This will definitely help you in finding the best real estate investments with a planned and calculated approach.

That report will have the list of all the homes, which have been sold recently. It will give you a detail account about the background of the property i.e. when it was sold, for how much money it was sold, tax liens etc.

As the list is going to provide you all the details about the homes, which have been sold recently in the locality, so it will also help you to realize that whether the market is in depreciating or appreciating condition.

The report will give detailed information about the particular neighborhood; you are trying to work in. The number of homes that have been sold, the number of homes that are currently in the market and the comparison between the actives and solds of the last few months. These trends would be a great help in determining the final value of the property.

It is basically something that you should do yourself. While determining the value of your property, it is necessary to start your research by looking at the subject property and then determining the actives and solds in the neighborhood, having similar features. This is the best practice, which is ignored by many new real estate investors and ultimately, they have to pay the price.

After you are able to determine a rough value of the property in mind, this estimated value can be used as a comparison. But if the estimated value of the subject property isn’t right, then you need to an extensive research because it is the most important step. You can talk to other evaluators, drive in the neighborhood by yourself and check if you are missing something.

Finally, the Property Approval Plus will tell you about the economics of that particular area i.e. whether the homes are being sold or not or what is the nature of the market, if it is appreciating or depreciating. What is the condition of the homes, which are up for selling or the conditions of foreclosure properties?

Best Real Estate Investing Program

Everybody has a different theory about how best to win at Monopoly. Some say The Railroads are the answer, others the Utilities. For some it’s crucial to own Boardwalk and Park Place, and for others it’s the green and orange properties. When it comes to deciding on the best real estate investing program, you can learn a lot from Monopoly.

If you’re actively looking for the best real estate investing program, and you’re trying to decide whether to invest in houses or apartments, you could try approaching investing like you would approach a game of Monopoly. If nothing else, it will make for an interesting exercise.

When you own property in Monopoly, your primary goal is to acquire all of a particular color group, and your purpose is clear- to be able to build houses and, ultimately, hotels. The more houses, the higher the rents, and hotels allow rents that are higher still. This remains one of the best Monopoly strategies, and I believe it’s also the best real estate investing program for many people.

I consider a hotel in Monopoly to be roughly the equivalent of an apartment building.

Following the Monopoly logic, you would begin by acquiring houses, both single family and duplexes. Using a combination of creative financing, rehabbing, and wholesaling, and being very careful to buy value, you would build up your cash and equity reserves. This is the first phase of the best real estate investing program.

In the second phase of the best real estate investing program, you would leverage this equity and cash into larger 3-5 unit apartment houses in appreciating neighborhoods. At the same time, you will be acquiring topnotch property management skills, and learning the ins and outs of 1031 exchanges and financing strategies.

Phase three would find you trading some of your mid-size apartment houses for large apartment buildings and multi-unit complexes, letting the economy of scale and the cumulative power of depreciation, appreciation, and cash flow make you a very wealthy Monopoly player. Can you see why this may be the best real estate investing program of all?

Over a 5-10 year period, making allowance for a mistake here and there, there’s no reason you couldn’t wind up controlling several million dollars worth of property, and several hundred rental units. Then your toughest decision may be whether to sell Connecticut Avenue and buy Park Place!