The Best Gift for A Real Estate Agent

I recently bought a commercial property and wanted to thank the realtor for getting me a super good deal. I want my realtor to keep sending me properties for sale in Lake Forest and all since I buy houses all over Orange County, CA.  so I dont hesitate to buy him gifts once in a while.

Rocks on Clocks

I went to many jewelry stores but I couldnt make up my mind. I wanted to spend about $5,000, but I couldnt find anything of serious serious quality for that price. I ended up looking online, and I found this great online rolex store watch store. They sell only used rolexes for men, women and the sports collection. I ended up buying the this classic model rolex airking for less than $4000. I decided to buy another gift too for my interior designer, Marco Pagliaroli. He put up the most amazing closets in Miami. I purchased the Rolex Datejust 36MM Classic Model.

If you need to give someone a valuable gift, this is a really nice option. Both my designer and my realtor where elated!

Tips For Selling Your Home Fast

Although selling your home may appear easy, in reality, it is not that easy. It calls for patience, commitment, and dedication. Here are some tips you may consider using to make a fast sale:

Tips For Selling Your Home Fast

1. Be different from the neighbors

Focus on improvements that will improve the value of your home. Remember you have competitors, and therefore identify a gap and work on it. For instance, you can use high grade windows or even install a new roof.

2. Clean the clutter

This is a technique that not many people know of. Some buyers simply want to figure themselves in the space. So, free up your room to make it appear larger, and remove any personal items such as family photography.

3. Make the deal sweet

Stand out from the rest. Your aim to make a sale, remember. Consequently, make the deal sweet. Why not include discounts for instance? It sure will work out. Alternatively, give some credit towards the closing costs.

4. Price it right

Conduct an extensive research of the surrounding, and then price your property basing it on the prices of others. Read newspapers, consult real estate agents, and even visit online real estate sites. If you do this, be guaranteed to make informed pricing decisions.

5. Improve curb appeal

The first thing a buyer is interested in is the external appearance of a house. Therefore, make an effort to improve the external appearance of your house. You could consider painting the walls, or even manicuring the lawn.

Bottom line

Selling a home, especially when there is no ready market, can really be a daunting task. These tips, together with an attractive price, will surely see you sail through. Real estate is all about being informed!

 

How to Be a Credit Smart Real Estate Investor

How to Be a Credit Smart Real Estate Investor

Just like any other industry, the real estate industry has competitors. As such, unless you do not want to succeed, working smart is not optional; it is a necessity! Here is how you can work smart:

1. Make informed investment decisions

However easy it may have been to acquire your mortgage property, when it comes to selling it, you need to work smart. As such, make decisions with long-term hold in mind.

2. Base your model around liquidity.

How fast can you sell your property? An unsold property may cost you dearly. Well, this is because you continue incurring the fixed costs such as insurance, utilities and taxes. To be brief, do not tie up all your capital in investment property.

3. Grow your portfolio

If you are capable, buy all the investment that you think will appreciate in value. Depending solely on rental income can be tricky. For instance, you property may not be occupied during certain periods of the year.

4. Work with experts

Admittedly, there are certain things that will be beyond your understanding, especially when you are still new in the industry. However, if you involve experts, everything will be made easy. Basically, professionals will help you make informed decisions.

You can be a smart real estate investor. All you need to do is to follow the above tips, and be sure that everything will work your way.

5 Terms You Need To Know In Real Estate

Often, buying and selling involve the use of some terms that can be confusing. Here are some common terms that you need to know.

Terms You Need To Know In Real Estate

1. Net sheet

Sellers need to know their check amount after all closing costs and fees are done. The net sheet outlines each and every item, while estimating costs and how they affect you. As such, you need to review net sheet when discussing the selling price.

2. Contingencies

These are conditions of the sale which permits any unsatisfied party to walk away. The most common contingencies are; inspection contingency, loan contingency, appraisal contingency, and many others.

3. Escrow

Escrow is a third party who is in charge of holding onto all monies, while at the same time facilitating the terms of the contract. The escrow will close when all the obligations have been met.

4. Earnest money deposit

This refers to the initial deposit that you give the escrow company in exchange for a serious buyer. It can be anything provided both parties agree. However, a greater deposit usually increases the chances of getting a serious buyer.

5. Pre-Approved

Normally, a pre-approval is given based on the information that you have given to the lender, and that they conditionally pre approve you for a loan amount. However, it should not be confused with prequalification.

 

Beginners Guide to Being a Real Estate Agent

How To Be A Real Estate Agent

There are many players in the real estate property. However, the real shakers and movers are the intermediaries; the brokers and the agents. Ideally, a real estate agent does almost everything, and for that, he receives the best commission. This guide will help you get started.

1. Real estate is a business, not a hobby

If you can make this distinction, then you are good to go. You are in real estate to make money, remember. If you are not making money, then it is high time you improve your game. Know the secrets, tips and much more of becoming successful.

2. Search for foreclosure listings

Selling is not easy. However, if you have access to foreclosure listings, you will invest wisely. Your aim is to have as many customers as possible throughout the year.

3. Intensify relationships

How many people know you? How many do you know? Establish good relationship with as many people of possible, and by doing this, you will get a lot of customers.

4. Hustle endlessly

Things have changed, you better believe that. Nothing comes the easier way. Therefore, the more aggressive you become as an agent, the more successful you will be.

Everybody, you included, can be a real estate agent. To survive in this line of business, though, you have to up your game. The above guide is just what you need!

 

5 Things You Need To Know To Be A Real Estate Pro

Apparently, the individuals who make a lot of money in real estate have a perfect knowledge of the market. To be precise, they know everything from history, location to developments underway. They know everything in their area of investment! But, guess what? You too can be a real estate pro! Here is what you need to do:

5 Things You Need To Know To Be A Real Estate Pro

1. Study the local pricing

What are the current price trends in the area? Get to know if they are accelerating as compared to other areas. Also, check the average prices and compare it with those of the neighboring towns. This will help you know which area has the biggest demand.

2. Look for a catalyst

Look for any signs of development infrastructure. For instance, if there are many roads and schools under construction, then this is a clear sign that the area is set for major development squirt. Invest!

3. Explore low tax alternatives

If you have two towns to choose from, go for the one with low property taxes. However, you need to be vigilant not to go for an overcrowded town. This is because there may be the need to expand it, and the only way to pay for the expansion is through taxes.

4. Check the rankings of schools

Schools that perform usually are the target of most parents. Consequently, as a sharp investor, identify the performing schools and invest.

5. Watch the outskirts

There is always a way out of a difficulty. If properties in a major city are overpriced, invest in the outskirts. As a matter of fact, some people prefer living in areas close to a major city.

A lot of information is out there waiting to be taken. Get this information and be sure to become a pro in real estate.

Rehabbing For Sale: Repairs and Additions

Rehabbing For Sale

Selling property is no easy feat, but it can be a very lucrative one if you’re smart about it. If you sell your house and invest in new property, you could also invest in some repairs and add-ons that will make your new house more desirable, and therefore raise the property value. This is what’s known as a “fixer-upper opportunity”. You can buy one through real estate agents, you can attend foreclosure auctions and settle on a house that way, or you can make an offer to the owner outright. Whatever you decide to do, you need to make sure that it’s a good investment for you, otherwise you run the risk of getting into serious debt.

If you sell your house and buy a new one that cost less than the one you sold, you have plenty of money to invest in fixing up the new house. And by spending that cash on replacing wiring, or pipes, or new windows, you could turn a smart profit when you decide to sell your house. This has been a common trend for property buyers for a long time, and they stick to it because it works. As long as you are aware of how the real estate market works and how the economy will affect the sale of your home, you can become a skilled property owner.

Investment Criteria: Identifying the Right Type Of Property to Invest In

You have to know what you’re doing if you want to invest in real estate. You might have your eye on some property you think would sell for a lot if you fixed it up, but if you aren’t careful you could end up losing everything and end up being mired in debt. Nobody wants that. So before you gravitate towards the prospect of buying property, make sure you and your real estate agent can predict that the profit you could turn will be worth the investment.

Identifying the Right Type Of Property to Invest In

For example, if you buy a house in foreclosure either at a foreclosure auction or from the bank, you might think it’s a nice house in a decent neighborhood and that people will definitely be interested in buying it. But if, for whatever reason, you made an incorrect assumption, then you will have lost thousands of dollars and be stuck with a house you don’t even want.

However, you don’t need to invest in property you’re going to live in – let’s say you already have a lot of money saved up from real estate investments: maybe you want to buy some property in popular vacation spots and rent them out to friends and families looking for some leisure time in a beautiful place. This would be a smart investment because you know that people will always need places to stay in tourist destinations. Stay on top of this process and you will succeed.

Don’t Do This If You Don’t Want To Lose Cash

When the value of real estate is on the rise, you might be compelled to sell your home and buy new property so that you can sell it back for more than what you paid. Sometimes this is a smart investment, but if you don’t really know what you’re doing and you put too much faith in property value appreciating, then you might be in for some unpleasant surprises.

Don’t Do This If You Don’t Want To Lose Cash

Real estate values are not always going to be rising, and sometimes it can take a very sharp and sudden downturn, which will leave you with big problems on your hands. Before you get into buying new property, do some research on the real estate market and see what the status of the economy is. Consult with a seasoned real estate professional and determine when the best times to buy or sell will be.

If you get involved in this prematurely you could be paying far more for a new house than you would if you just waited a year, or maybe even less. So it’s very important to be patient and watch the numbers, because the more aware you are of how inflation is affecting property value the better your decisions will be when the time comes to the transaction.

Do You Really Need a Broker?

A real estate agent – or broker – can be a valuable asset to have on your side when you’re looking to buy or sell your property, but there might be times when it isn’t necessary to use their services, or when your finances just can’t afford them.

Need A Real Estate Broker?

Always keep in mind that property managers and real estate brokers will be taking a commission on any sales you are involved in, so no matter what amount of money you expect to make from a transaction, you always have to incorporate their rate and subtract it from your overall earnings. The commission a broker can receive for real estate sales varies so much that it’s very difficult to give an estimate, which is why it’s so important to shop around, be patient and do your research before you commit to working with any agencies or particular agents.

If you need to sell your house and you’re unsure about what a broker can do for you, it might be best to just sell your property online. That way you can go directly to people interested in purchasing your property, conduct your own open houses, and be completely in control of the situation, without having to pay commission and extra fees for services you might not even need.