Real Estate Investing Facts

There are thousands of articles written leaving tips of how to sell a house. It seems like some sellers, actually do all they can to prevent their homes from selling, how do they do it? It seems like some “sellers” don’t really want their homes to sell, here are some of the practices they implement .

1. Make it hard to have your home shown– If nobody can see your home, then there is no way anybody will ever buy it. The first step to do this is to sell by owner rather than hire a professional real estate agent. Then, don’t answer your phone, and better yet, don’t have voice mail either. If you don’t answer the phone, they can’t see your home, and if they can’t see it, they won’t buy it.
2. Make Your Home the Most Expensive — Almost everyone goes online to search Kennesaw Georgia homes for sale. Your home should be much more expensive than other homes that are of similar size and age.
3. Don’t have Photos – Buyers love looking at pictures of their possible future home. Buyers want online details to narrow down the houses they will actually visit with their real estate agent. If you don’t have pictures, most buyers will subconsciously push aside your home altogether, they won’t pay any attention to it.
4. Keep Your Home Stuffy and Stinky — Foul smells can turn Tooele Utah Real Estate buyers off faster than anything else. The smell of cats and stale tobacco are about the most effective odor creators out there. If the smell is appalling enough, lookers will turn away as soon as they open the front door.
5. Keep Your Home Cluttered and Messy – If your home has a smashing floor plan, you can totally detract from this by having stuff, especially garbage, everywhere. Clutter will detract from any positive selling point your home has. Home lookers will be so distracted by junk, that they won’t even realize there are positive features. Their brain power will be occupied pondering how anyone could sleep on a bed with so much junk on it.
6. Break Things – Buyers don’t usually like to fix things that are already broken. As buyers see obvious defects caused by neglected maintenance, they are able to reason that many unseen items have also experienced serious neglect. One way to help detract this is to make sure there are plenty of broken items buyers will notice while viewing your home. Consider cracked or broken windows, constant running toilets, holes in walls, stains on carpet, and doors and windows that don’t open.
7. Minimize Curb Appeal – First impressions are most important, so if you can give a bad first impression, your chances of not selling your house are pretty good. The simplest way to create a bad first impression is with negative curb appeal. Don’t mow your lawn, or even better allow it to die. Let weeds overtake all planters and garden areas, and don’t have any flowers. verify that your exterior paint, doors, trim and general exterior look beat up and warn out. The stigma of loose paint chips on homes built before 1978 can transform opinions almost miraculously.To add to the negative first impression, make sure you have a door bell out of order sign.

By implementing these suggestions, you can be assured that your real estate will never sell, even in a strong sellers market.

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To make money as a real estate investor, you really only need 2
things:

1. A motivated seller

2. Know how to do no-money-down deals

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Let’s deal with the first one. A motivated seller can be found in many ways. But some ways can be more effective than others.
Here are some places where you can find them:

1. For sale by owners (FSBO)

These are sellers who choose to sell their properties without the help of a realtor. Most of the time, these people want to save the realtor commissions.

These sellers find themselves overwhelmed by phone calls from
realtors who haggle them to list their properties with them.

So by approaching them as an investor (using some of my proven phone scripts) you can quickly find out whether they are motivated sellers and then proceed accordingly.

Where can you find them? Newspaper classifieds, craigslist, online classifieds, kijiji.com, “House For Sale” signs.

Disadvantages – finding a motivated seller in this category can be done, but it’s usually a hit and miss situation. Out of 100 FSBO’s you can be lucky to find 1 that is motivated enough to make a decent profit with.

2. Expired listings

These are properties that were listed on the MLS, but have not sold. And their listing contract with the realtor has expired which allows the owner to sell property on their own.

Well actually, under most listing agreements, the realtor who
had the listing is still entitled to his/her commissions up to 3
months or more after the listing has expired.

If you are looking for a motivated seller, it is actually quite
difficult to find one here because you have to consider why the property didn’t sell for so long in the first place.

And also, you have to fight with a bunch of realtors who are again haggling the seller to re-list their property.

3. Foreclosures

Foreclosures are found listed on the MLS.

Sometimes you can get a good deal from these. But if you have actually gone through the process of trying to buy one, it can be a complete nightmare.

As I explained on my site, foreclosures are owned by the bank, and must undergo a tedious legal procedure.

The lawyers cost money, not to mention the realtor gets paid commission which both cut into your profits.

Also, after you have done your inspections, appraisals, financing, made your offer and have your offer accepted… only after all that has been completed will you be able to have a CHANCE to buy the property.

Notice that I said only a CHANCE. That’s right, you
still are not guaranteed you will get the property – for 2 reasons:

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Reason #1 – other bidders can outbid you at the last second during the court hearing even if you have your offer accepted.

And #2 even though your offer is accepted by the bank, the judge has to approve of the sale (so if he thinks you’re getting too good of a deal, he won’t let you buy it).

And oh yeah, if you are lucky and take the whole thing to the end (which actually takes months), you will need to pay for the foreclosure in cash.

If you don’t have access to a few hundred thousand dollars to play the foreclosure game, then you can forget about it.

I’m not saying you can’t make money with Foreclosures, some people do and make 10-20% of the market value.

But considering the amount of work and resources needed to make a deal work, in the same amount of time, you could have done 3-5 preforeclosure deals, made MORE money on every single one of them and most importantly, done it without using any money.

4. Pre-Foreclosure listings

If you have read my site, you would already have an idea what pre-foreclosures are and how they work.

As you may expect me to say, this is the best source to find
motivated sellers.

And I’m not saying this just to promote my site, this is from my personal experience, because I have done almost every real estate strategy known to man, and working with pre-foreclosures is by far the easiest, fastest, way to put the most money in your pocket.

Have I found motivated sellers from FSBO’s, Expired Listings and Foreclosures? Yes, which allows me to ask, “Why make 10-20% in profits when you can make 25-50% profits while doing only HALF the work – in a FRACTION of the time?”

If you don’t believe me, then I encourage you to go ahead and try all the other methods out there to see what it is really like.

Then you will see what I mean. But then again, why bang
your head against the wall when I have already shown you door that leads straight to a real estate goldmine?

So decide for yourself.

Here’s what I suggest, go ahead and join as a Foreclosure Insiders Club member (while it is still open to new members).

I am so confident that you get more motivated sellers than you know what to do with that I offer a money-back guarantee.

It just doesn’t get any better than that.

Chances are, now that #1 is basically handed to you on a silver platter, all you need to do is #2 and BAM! You’ll get big fat real estate profit checks just like mine – perhaps even bigger.

My members are already doing just that!

Aiden Win

Mr. Foreclosure

P.S. In Part 2 of this series, I will uncover the ingredient #2 that you can start using instantly to bring in the cash without you needing any to start with!

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Many people today are choosing to sell their own home. In the real estate market, this is known as For Sale by Owner.  Selling a house is full of both benefits and risks and it is impossible to say which will prove greater.   Even though they do not want to use a real estate agent, there are still companies out there that allow the seller to sell their home themselves, but still get the help they need without the hefty commission prices.

These companies are known as For Sale by Owner companies. Many people may think that choosing to use a for sale by owner  company defeats the purpose of a seller doing it on their own. In actuality, their role is very different.  A for sale by owner company can do many things that an agent could do just without the huge price tag at the end. They offer many of the services that a real estate company would offer, but they have the seller in mind, not themselves.

You can obtain help with advertising. Many for sale by owner  companies have websites that will allow the seller to list their home. They can also provide help when it comes to putting signs out or recommendations for holding an open house. They can work with the seller every step of the way without costing the seller their life savings. For sale by owner  sales do not have to be complicated. Many times a individual selling their own home just needs a little education and guidance. The for sale by owner  companies can offer this at an affordable price that can meet the needs of the seller. They can offer customer support that one may not get with an agent. The goal when selling a for sale by owner home is to save as much money as they possibly can. Companies like this can help you with that .

Using a for sale by owner  company still gives the seller the control and freedom to make their own choices. They just help make sure the seller is on the right path and does not get overwhelmed. It is nice to know there are companies like that who do not take advantage of the seller.

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This post is to explain how a mortgage broker will play a key role while you sell your house by for sale by owner. The mortgage professional may be referred to as a Specialist, Agent or Consultant. The owner of a Mortgage Brokerage is usually the broker, while the agents work under the broker’s license. The mortgage products that are available to the broker are also available to its Mortgage Agents.

If you do not meet the lending criteria of a particular bank you will have to shop elsewhere. What most people don’t realize is that every time they go to a different bank, a credit check happens. The result is that each time a credit check happens your fico or beacon score goes lower. You might end up with a higher interest rate or not being able to get qualified for a mortgage at all because of the drop in your credit score.

I thought I would give you some tips on selling your home by for sale by owner. These are my top 5 tips from selling your own house part 1, I hope you find them useful.

TIP #1- If there are any repairs that need to be done make sure you do them. We are currently in a very weak market and you are basically in competition with your neighbor and other homes in your area. Make sure you do the repairs before you start advertising that you’re selling for sale by owner.

TIP #2- Adjust your asking price if large repairs are necessary and you just can’t afford to fix them your self right now. If you try to hide large repairs you’re going to get caught in a lie and lose your buyer.

TIP #3- A well-kept yard free of clutter will get them out of the car and on your doorstep. Make sure the front of your house has good curb appeal. An unattractive messy yard will put off a prospective buyer before they even get out of the car. Improve the view of your house from the street by sprucing up shrubs, shutters, windows, front door and even the mailbox. If a coat of paint is necessary, than paint it. Remember to cut the grass and clean the windows. Make sure the for sale by owner sign is visible from both directions if possible.

TIP #4- Whether selling by FSBO or with a realtor make sure your house is always clean! You only have one chance to make a good first impression. Prospective buyers are looking for a home and they have to be able to picture themselves in yours. What is the first thing you noticed when you were looking to purchase your home when you entered a house? If the house was dirty you were turned off, you could not possibly see yourself in a dirty house. Your perspective buyers are no different then you make sure your house is CLEAN!

TIP #5- Do not forget the master bedroom! Take some time and arrange the furniture to create a feeling of spaciousness and make sure the room is clean. Make the master bathroom sparkle. It’s one of the most inspected rooms when someone is looking to by real estate.

You can read tips 6 to 12 at selling your own house

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