| |
| |
|
Real Estate Information |
|
|
|
Property Investing Secrets 7
Property Investing Secrets: How Buying Real Estate Is Like Planning a Trip to the Greek Islands One you start property investing, one important tip is to press the flesh with the real estate agents in the areas where you plan to buy. Because property investing is a bit like buying a holiday package, you must separate yourself from the rest of the investors by giving the real estate agents the information they are looking for in your first face to face meeting. Most people will say to an agent, "I want to buy a property, what do you have?" Immediately they will lose any credibility they've established with an agent. You see, imagine walking into a travel agency and saying you want to go on a holiday, and asking "What destinations do you have available?" That's a dumb question, because the travel agent has hundreds of available holiday destinations. If you think of property investing like shopping for a holiday, you must give the agent some criteria. If you say to the travel agent, "I want to go on a holiday to the Greek Islands and I want to go on these specific dates, and here is how much I want to spend?" in turn they will put together a package for you. They know because they have received specific instructions from you. It is the same with buying any type of property. When you're property investing, if you say my price range is this, these are the kind of returns I want and give any additional criteria you have as long as you don't make it too hard for the real estate agent. (I must have a pink house that backs up to a reserve.) If you're reasonably specific but general enough that there are available properties for sale the agent will be more willing to work with you because you're not wasting their time. Don't do this: some property investors will walk into an area where the bottom price for a suburb is $400,000 and say I'm looking to purchase starting at $350,000. The agent will come right back with, "You're not going to buy here for $350,000, the entry level into our area is $400,000." The agent knows you haven't done you're homework. If you make it too hard for them the agent will discount you and perhaps chose not to work with you. If you think of property investing like planning trip and give the real estate agent enough specific information to set yourself apart from the other buyers, you both will be well on your way to establishing a fruitful relationship. Rick Otton is the director of We Buy Houses Pty Ltd. He has been property investing full time for 14 years. Rick has completed over 351 property transactions in Australia and the United States. Rick specialises in creating positive cash flow through a variety of strategies he perfected in the United States and adapted to Australian conditions. He sells home study courses on vendor finance, one year mentoring program as well as a yearly 3 day boot camp on the Gold Coast. Go to http://www.rickotton.com for more property investing information ring 1800 003 588 in Australia.
MORE RESOURCES:
Real-Estate - Google News |
|
|
|
RELATED ARTICLES
Questions To Ask The Landlord Before Renting His Apartment Apartment hunting is not the easiest thing around. You may find places not suited to your tastes or those which do are not to your budget. Why Use a Property Manager? Most experienced property investors use property managers. Why? Because they make you money. Are Signs Important? Signage, though quite fundamental in nature, plays an important role in the home selling process. The Yard Sign should be two-sided, easy to read, and look great (defaced or worn signs can negatively impact curb appeal). Title Insurance - Examples of Problems and Advice What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesn't the attorney or settlement company handling the closing see to it that you have a clear title? Isn't this just another way for someone to siphon a few coins off a real estate transaction?Title InsuranceTitle insurance prevents the property owner from suffering financial loss if, at any time during his ownership of the property, someone comes along who can show that they have full, or partial, ownership of the property instead. Every mortgage lender I'm aware of requires title insurance be purchased to cover the amount of the mortgage. 8 Essential Questions to Ask Your Home Inspector Congratulations! You've decided to purchase a home. We all know that when purchasing a home, every detail is an important one. Hassle-Free Homebuying Perhaps you'd like to take advantage of today's great buyer's market in housing but feel a little intimidated by everything that's involved.You know the routine: finding the right locale and the right house; negotiating an agreement; putting together a down payment; and selecting the best mortgage available. FSBO - How to Prepare Your House to Sell Did you hear that? Prices of houses in Phoenix have been jumping 5% each month for 2005 according to market experts! Some even predict that the price of housing could jump an additional 10% for the upcoming year. The shortage of houses for sales and the still relatively low interest prices are causing the price of homes not just here in Phoenix but nationwide to escalate. Use Targeted Decorating To Get A Higher Price For Your House This article will show you how to sell your home quicker, get a higher price for it by using smart decorating techniques.The secret is to make your home feel like "my home", for the buyer. Real Estate Investing - The Dream House Effect Several years ago I developed a philosophy in renovating houses which resulted in a finished product that I call a "Dream House" or "Doll House."How many houses on the market today look very ordinary and less than perfect? How many look "Plain Jane?" What is the difference between these "average" houses and the house on the block that is strikingly different at even the distance of a windshield view?The pronounced difference in the outstanding property offered for sale might be brilliant new lawn grass. Escrow Accounts - Are You Paying Too Much? Money in escrow is "dead money". It doesn't earn interest for you and it doesn't reduce your mortgage interest payments. From Foreclosure to Forbearance - The Art of Negotiation As an active real estate investor you probably already know that the most important phase of your investment is when you buy the property. Most of us are getting the bargains in the foreclosure market. Spain Excellent Choice for British SIPP Investors Second homes in favourite holiday destinations such as Spain are likely to be top of the shopping list when the pension rules change April 6th 2006, allowing individuals to invest in residential property through Self Invested Personal Pensions (SIPPs).Research shows that Spain's mature market makes an excellent choice for SIPP investors, with capital growth still high and forecast to grow at 10% a year for the next five years at least. Real Estate, Real Property and Leased Land; Definitions, Discussion and Explanations Delaware, and the rest of the original British Colonies, has some land that is leased rather than owned by the residents of that land. Much of it is not evident to the casual observer. Should you Sell your Home yourself? Should you sell your home yourself? Yes and no. Yes, you should leave the option of selling on your own open and no, you shouldn't rule out using the services of an agent to help you sell. What We Do To Sell Your Property! Once you have contracted us to sell your property we go to work for you to bring you the most money and best price for your property as quickly as possible. Some properties are faster selling than others based on the location, condition, size, price, of course, and type of the property. Why Real Estate Investment? Why should you invest in real estate? Well, investing in real estate for profit is one of the most popular approaches to generating additional income in the United States today. In fact, if you pay attention to recent press you will have seen numerous reports about the real estate investment craze that seems to be sweeping the Nation. Searching For Maui Beachfront Houses? Who wouldn't want to move into a Maui beachfront house? From the custom architectural jobs done on many Maui homes, to the beautiful beaches and other natural attractions in Maui, you're bound to find something you will love about Maui beachfront houses. However, like any home buying process, you'll need to make sure several things are in order before you make your move into your new Maui beachfront house. Real Estate Negotiation Secrets When you bought your home, you offered less than you were willing to pay, right? That's the most common negotiation technique. For experienced investors, however, that's just one little secret among the many more powerful ones. How To Sell Your Home FSBO You decide to sell your home and believe you can handle the selling process. Good for You!Of course you're a little nervous and that's normal. Buy FHA HUD Homes FHA HUD homes are those dwellings that have been acquired by the United States Department of Housing and Urban Development (HUD). The HUD oversees the Federal Housing Administration (FHA), which offers federal insurance on home mortgages.
|
| home | site map |
| © 2006 |
