Category Archives: Real Estate

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!

Where to Get the Best Real Estate Leads

Being a real estate agent is not an easy job. The job requires you to learn specific skills and polish them with experience and exposure. I know how difficult it is to get the best real estate leads and the kind of effort that has to be put in to convert these leads into clients.

With technology and structure in the real estate industry, sourcing good leads doesn’t pose as great a challenge as, let’s say, a decade back. Today, some of the best leads can be found over the Internet. Additionally, sourcing leads is just part of the bigger agenda which is to convert the lead into a customer and earn money.

There are many ways to find seller and buyer leads. Here are a couple of ways to get some of the best real estate leads are explained below.

Purchasing Real Estate Leads: Back in my time, purchasing real estate leads was immensely popular strategy. And while many agents still use this strategy, it is NOT the most effective way. When you purchase the leads, you are basically buying names and phones of people who don’t know you, have never heard of you and could already have an agent by the time you contact them. But, there is no harm in generating a database as long as you keep updating the information on a regular basis.

Personal Real Estate Website: A personal website is often frowned upon by many agents. However, I am of the opinion that personal real estate websites are a great way to increase visibility and add value to your own brand. Your website is a true representation of your skills and experience. Make sure that you have a lead generation form on your website. Moreover, you should provide valuable information relating to real estate on your website for your visitors.

Best Real Estate Professionals

When you give a thought to sell or buy a house or any form of property the most important question that comes to mind is how to go about it. We need some professional guidance from some real estate professional .Now the question arises is that how to find the best real estate professional. Real Estate professionals need to be knowledgeable about their local area; they need to be able to judge your property value appropriately. The property dealer needs to be an effective communicator as he is the one, who is going to showcase your property to the prospective client. He must be well versed with the property management skills and should have a knack of tackling people. One must enquire the working process of the property dealers, do they adapt the modern techniques of marketing and advertising. Real estate agents need to be well aware of the competition in their respective area. Choosing the right realtor is a first step in property deal. When one gets right guidance one reaches the right destination. Never go for a realtor only on the price basis, he is not a magician who could sell your property more than it’s worth. Check for the buyers in the market and go accordingly. No buyer would pay you more unnecessary, unless your property is worth and is presented well. Presentation is a very important part of any commercial or residential property deal. Here the property dealers play the most significant part. For this he needs to be attentive, careful and very energetic and last but not the least there is nothing more important than knowledge.

In case your property is not getting the required attention then there could be three factors responsible for this and they are: location of the property, its condition and its proposed price. See the location cannot be changed in any case but what can be done is that the property can be renovated by the guidance of the realtor. Small little changes in the property can real shoot up its value. Pricing is something that goes according to the market, but that can always be reevaluated. For the appropriate pricing one can take the help of real estate agents as they know the market trends better. There are so many legal formalities which need to be handled while doing property dealing so here also the property dealers can be a great help. They can check all the papers related to the property and reduce your headache and botheration. So for best property deal the best way is to take help of real estate agents as they would guide in the entire deal and will provide you the best deal indeed. These days there are so many online real estate agents which provide assistance to the interested customers with less fuss and botheration.

Flipping and Picking the Best Real Estate

Deciding on your real estate investment? Be smart when picking the best real estate investment because you don’t want to lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time.

The second option is very popular and already known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell if more more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. I think the best investment is the rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason I say rentals is the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the electricity and water bill.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

If you’re serious about investing in real estate then I would like to suggest that you learn some important keys to becoming successful in real estate.

Best Real Estate Investment

The best way to make use of your money is to tuck property funds into your retirement amount. It is a known fact that you can own real estate property in your retirement plans. With retirements being long term, you cannot get more than real estate. Though it seems to be a good idea, you should be very careful. A single wrong step can create an unbelievable tax disaster. Though you can invest income and appreciation, you cannot deduct depreciation as it is taxable investment. Real estate property will give you maximum profits and there is no better way than to tuck it into your retirement amount.

There are many things that must be kept in mind before you invest in real estate for retirement. To own a property you must have an IRA or any other kind of retirement plan. You can invest on any type of property. It can be land, home, or improved or unimproved property. It should be notes that there are overheads while investing into real estate for retirement. If you are careful enough you can be on the safe side and get profited. The income and appreciation are tax free with an IRA till you start withdrawing the amount. There is no debt-finance income in retirement plans which makes it tax free.

You can also be a tenant in common interest if you’re if you don’t have sufficient cash in your retirement plan. You can purchase a partial interest on property and making cash transactions is very easy. There is a high rate on return, low risk on the long run, and added diversification with planning real estate with retirement plans. The way in which you can attain the best real estate investment retirement is by converting your traditional IRA into Roth IRA in one year. Roth IRA provides more advantages over traditional IRA.

You can keep converting your traditional IRA in portions as required into Roth IRA. If you do not have sufficient cash in your retirement plan you can be a tenant in common and finance the property by borrowing. You can at the same time pay your UBIT during insufficient balance. Converting from traditional IRA into Roth IRA is very easy. And you will lose little will doing so. You need to make sure that you are eligible for taking up a Roth IRA plan before conversion. You need to satisfy the income, age limit etc of Roth IRA in order to convert into it for profit.

Investing in real estate is a great bargain and is the best way to use your retirement investment. For real estate investment retirement you need to invest in a promissory note that earns passive income. The amount on the promissory note increases if there are any cosmetic of functional repairs in the property. In order to sell the property you need not wait for sale as you would in the actual property. Selling is very easy because investors are always looking for the best sell. And as soon as you keep your note for sale it will be sold. A promissory note once kept for sale is a right buy and a great way of passive income. Someone or the other will surely buy it. So there are no problems involving the sale of your note when you want.

Choosing The Best Real Estate

Though some feel that a real estate broker is an unnecessary expense, using a real estate professional can be very helpful. No matter whether you are buying or selling a home, having a professional brokerage firm in your corner can really save you some time, effort, and even money in the long run.

Locating the best real estate firm to use for your real estate needs can take a little work. You will want to compile a list of firms that you are interested in interviewing. You will want to find out their buying and selling records as well as the background of the company and the agents that work there. One good way to choose a possible real estate brokerage firm is to ask for referrals from friends and family.

Though nationally well-known firms can seem like the best choice when deciding on a real estate firm, you will want to make sure that their local reputation is good. Having a good reputation in your local market is much more important; that way the agents working for the firm will know your market and will be able to get you the best deal possible on your transaction.

You may want to consider a firm that specializes in selling properties or just buying properties, that way you will not have to worry about a conflict of interest. Ensuring there is no conflict of interest can help make certain that you get the best deal on your property.

In today’s technologically advanced society, you will also want a firm that markets properties online. Since the majority of buyers as well as sellers use the Internet to search for properties or buyers, it is good to work with a firm that has a strong website and usage of Internet marketing.

You may also want to ask about potential firms’ services that they offer. Many brokerage firms offer the services of lenders or even attorney’s to assist with real estate transactions. Using a brokerage firm that offers additional services to clients can help you navigate through the buying or selling process quickly and efficiently.

After the real estate firm has been chosen, you will want to determine which agent you want to work with. It would be good to have an agent that has worked in your immediate real estate market as well as within your price range. You may also want to speak with some prospective agents to determine which one is the best fit for your needs.

Though many chose to buy or sell their house themselves, enlisting the assistance of an agent with a reputable brokerage firm can be an expense that is worth it in the long run. Having a professional working with you can save you time and money as well as maximize the profits you will receive and possibly help you get through the process more quickly.