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Tag Archive Buy and sell real estate

Advantages of Real Estate

Investing in real estate is as advantageous and as attractive as investing in the stock market. I would say it has three times more prospects of making money than any other business. But, But, But… since, it is equally guided by the market forces; you cannot undermine the constant risks involved in the real estate. Let me begin discussing with you the advantages of real estate investments. I found the advantages as most suited and really practical.

Experienced real estate agents or even friends wp2ill surely advise you that as a buyer you are very likely to come across many real estate properties in foreclosure having perhaps no equity,being over priced . In such moments, lenders sometimes choose to accept a smaller amount than the initial.So you get in the negotiations process. As a hint, when you realize the over pricing phenomenon, you have to understand that this happens when the real estate agent , or seller is aware of the real estate property’s value, and he tries his luck in a raising price. So watch out! The negotiation can become a difficult process especially when reasonable terms are not agreed by both sides: owner and buyer. Negotiations can occur privately or in public, where real estate auctions come in the picture. Of course, a real estate auction is safer and more trustful than a private one. Private negotiations occur especially when the agent is a close friend or relative to buyer’s, and because of the friendly environment some details regarding even the real estate transaction may be skipped. So in situations like this be careful.p3

Even as a friend, for a real estate agent , money comes first, and friendship after. Of course, during such a negotiation, there can be all sort of problems, such as mortgage value, real estate market, all sort of official formalities, conflict of interests in a particular area etc. Moreover, time a very important issue when real estate auctions are involved. As a general rule, and as an advise for a potential buyer, negotiation process should not be extended on a long period of time, because, as I said before, in time, real estate properties drop their values, and the client’s interest together with it. In this case, not only does the buyer loose, but the real estate agency as well. Why?Because if a property’s value drops, the price must drop as well, if you ever want to sell it again. In this case the under priced phenomenon appears. This is why short sales are preferred. Many Realtors, and clients started using this strategy, because they faced the problem regarding their property’s value.So they decided the selling process should not take too long.

Another important issue refers to the well known “acceleration clause” , which is an official word met in any mortgage document, meaning that the lender, after the real estate property is sold, can demand the payment of the remaining balance for the loan. Realtors

can provide more information about this contractual right. If this clause is good or bad for a real estate transaction, it is hard to say, because it has its advantages and disadvantages. Buying a real estate property which has already a mortgage loan represents a pretty raised risk. Why? Because first of all, if the mortgage loan was contracted for many years, depending on the interest’s rate, and marketplace evolution, you may come to pay the house’s price 3 times more. However, if you have experience in monitoring the market place, and find a right moment when every interest’s value drops, you could go for it. It’s kind of a gambling in this business, and Realtors, or individual real estate agents know it best.

Realtors and real estate agents are here on the real estate market, to help clients understand how they can value their houses, what should they look for when trying to sell or buy a house, how to negotiate, and how to win a real estate transaction. Some may say that buying or selling a real estate property is easy, but the fact is that pricing a house is a very difficult process. Many real estate agents, brokers, have suffered many defeats before their first good business, so do not expect their job to be an easy one.

Unfortunately, a concerning price and sales gains of these past years have determined in many cases quitting the real estate business. Many real estate agents who have seen the future preferred to do something else than real estate business. The credit market is also in a critical position, as many Realtors have observed. Mortgage values are also a result of real estate market position right now. Real estate investors have diminished their participation number to real estate auctions, as a sign they have seen it too.

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Real Estate Investment Strategy

After making the decision to buy or indeed sell a home, selecting a real estate agent is the next big step y2ou will take. In the ever-competitive world of real estate agents and the escalating real estate market, local knowledge and professional acumen is what expected from an agent. They should have knowledge of their chosen region, proven records of accomplishment in the competitive world of real estate. Selecting one agent among so many experts is the most critical decision you will make. Making it easier, you can look for an online real estate agent.

So what is the biggest benefit of hiring a real estate agent online? Before you can answer to this question, you need to consider whether you are a buyer or a seller. If you are buying a home, the biggest benefit of working with an agent is their experience. They not only have the experience of helping you find properties in your desired area, but they also have the experience of negotiating. On the other hand, the service of an agent for a seller includes finding potential buyers, marketing, negotiations, closing procedures and much more.

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A recent survey reported that most property buyers now prefer to search property online with online real estate agents. It is less stressful and takes less time. You can find and compare real estate agents, research home values, and view homes for sale online. Here the process is very simple. Simply submit your profile telling whether your house is for sale or you wish to buy one. The online real estate agents will submit their proposals to help you sell or buy a home. Then it will be easier for you to choose one. Your selected agent or broker then help you market your home for sale to get top dollar or help you find homes for sale. This is the best way to be in touch with world’s virtual real estate market through online real estate agents.

Modern real estate thrives on doing things smarter, wiser, strategically – not harder, more time consuming, with profit-eating outcomes. At the end of the day, the key to success is to focus on being a ‘great entrepreneur.’ I asked an experience investor (he owned about a quarter of Blacks burg, Virginia) what his specialty was in real estate investing and his response was not that he was good at Lease Options, Wholesaling, Short Sales, REOs, Rehabs, Notes, Residential, Land Developments, or Commercial real estate. But he said he was an ‘expert at making money.’ We both laughed at that but I will never forget that conversation. You need to know about the marketplace and technical factors involved in a deal, but your main duty whenever you are investing is always to make money. Thus, at the end of the day, your job is to make money in ‘up’ as well as ‘down’ markets. And if you focus on being a ‘great entrepreneur,’ you’ll be able to make money with many techniques, strategies, and skill sets to be successful in any market.

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Buy and sell real estate

Some people who doubt that there is a right time to get started in real estate investing worry that there are too many people buying houses to find a deal. Competition is everywhere. If you can’t understand – that in business, competition is normal – then real estate investing is not for you. Just take a look at the marketplace in companies such as Coke and Pepsi, Nike and Reebok, McDonalds and Burger King, and a million other services and products out in the marketplace. So if you see a lot of investors competing against you then know that it’s a rewarding business to be in because you are not the only one that sees the potential for profit. Plus, there are more than enough deals to make everyone rich, in due time. At any given time there are hundreds of properties for sale in your own local market niches, enough for each investor looking for them.img3

Some investors know that events such as the September 11th tragedy, the huge number of job layoffs and the decline in the stock market will kill the economy, and anything they buy will go down in value. But, once again, this need not be the time to fold-up your tent and quit before you get started. In order to be successful in investing, learn how to make money in “up” and “down” markets. Have strategies to utilize in both “up” and “down” markets to survive when the economy is bad or thrive when the economy is booming. And if everyone else is forecasting “doom & gloom” it only clears out the competition as you have more market share to profit from, as this is a good thing!

Ask yourself: “When do I want to make money?” And the answer is usually right now!

Thus, go out and get your investing business going, right now! And not base your actions on what others are saying because the majority of the population is not rich, only those few who dare to take the right risks and take the necessary steps to be successful.

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Stay in ‘the Game,’ and stay ‘the Course’ (persist)

One of the major disappointments of the conventional, ‘rental real estate’ approach is there’s just no money in it NOW, only after a long period of ownership. There’s not enough spread between the income realized from rent – versus – the expenses of mortgage payments and repairs for the investor to make any money today. You barely get by in the early years of your property’s ownership. You’ve got to have other income to support your lifestyle. You can’t just count on the rentals to support you.

Most likely, in the beginning you’ll be supporting your properties with your other income if you bought via the traditional way. That’s not too attractive. A lot of investors don’t have the stomach to endure the rough and tough financial stresses of the rental business. Even more so – people just don’t have the desire to hang in there to make it work, in due time. Thus, if you persist you will outpace your competition because they will no longer be in the business, and you will have “no competition”. This business is a long-term commitment and over 80% of real estate investors – who have been in the business for that long, go on to become millionaires. What I’m saying to you is this: Stay the course, and you will beat most all of your competitors because you can ride the ups and downs of the market in the Real Estate Game, in due time.

There are many strategies that small real estate developers are currently using, if they don’t have the resources to complete a real estate development project right now, including to turn their real estate knowledge into cash by locating ideal property development sites, perhaps taking out an option on the site, and on-selling the ‘Development Permit Approval’ to someone who does have the resources.

Successful real estate developers know that times of opportunity like this only come along once in a while, and they’re taking action so they don’t miss the boat.

Regardless of your immediate financial situation, this is the perfect time to leverage your real estate development knowledge into current or future income. If you have any doubts about your ability to do this, or you would like an experienced real estate development mentor to guide you, act now to get the knowledge and mentoring that you need. There is no time to waste!

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