So, you have an interest in real estate and want to understand exactly how owning investment real estate can benefit your bottom line. Congratulations on taking the first steps.
The best strategy to help establish you as the local Real estate witness is to join Squidoo. Once you have a Squidoo account you need to create a lens specifically for the real estate niche. You may want to use a tool commonly known as SquidZippers created and designed to help people create niche specific lenses.
If you go to a surgeon seeking her credentials, she might show you her degree, and perhaps even share with you a patient testimonial. However, when you go to her office considering cosmetic surgery, she is unlikely to polish your nails or perform a small procedure for free to demonstrate her abilities. If she did, would you feel more of less confident in her other services?
Does the Agent or Broker sign exclusive buyer’s agreements? This is important to you because this is just like a listing agreement for the seller, only it is for a buyer!
Here’s the key thing: you need enough money for a down payment on the 2nd house. You aren’t going to sell house #1 and use your equity for the down payment on house #2. Bottom line: You need to have enough cash set aside for the down payment on house #2.
This is a common problem in fast real estate markets, but can be a factor anytime. Definitely in slower markets, you need to stand out from the competition. Make sure that the paint looks good, all the lights function, there are no tears in the carpets or defective items anywhere. Contrary to popular opinion, buyers are NOT looking to buy your home…..they ARE looking for reasons to eliminate it from their list of possibles. Consider this: Buyers have many choices. If they go out to look at 15 properties, naturally they need to eliminate all but one from that list. That is the mindset they are in, and you need to assure your property stands out in a good way.
I will admit, I used to think that this show was just a bunch of boring guys in tool belts and flannel shirts shooting the breeze about flathead vs. Phillips screwdrivers. That is, until we bought our first home, an 1885 traditional that needed a lot of work. All of the sudden, episodes showing how to drain a cast iron radiator and whether or not to preserve old tile were fascinating. Details from plumbing to insulation drew me in, and I finally appreciated how knowledgeable and meticulous these men really are. This show just won its 17th Emmy, which comes as no surprise. If you’re battling the beast of an old house, this show is a must-see.