Real Estate Investing Facts

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

Foreclosed Homes

Real Estate Investing Club

Hans Anderson

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From the Space Station, Secure Storage, Business Self Storage, London Storage is enhanced. You can use London storage as a long or short-term solution; so if you need to clear a room to decorate or somewhere to keep things to decluttered while you sell your home, then simply rent some space, move your possessions in and as soon as you want them back, you can terminate your contract by giving 7 days notice. It is an excellent semi-permanent solution if you need to move out of your home for a while, perchance as a student off to university or if you need to work abroad. Just move in, and they will look after your possessions while you can relax in the knowledge your possessions are safely behind lock and key and that only you have approach. Setting up your storage can take as little as 60 minutes from your first question, with only some simple paperwork to complete. Their friendly and helpful staff are on hand with everything you need to safely pack and move your possessions, from packing boxes and tape to trolleys. Not only do they look after their family storage units, but they think about your safety too, with state-of-the art security that includes closed circuit TV and PIN-code electronic gate access, so only staff and customers can enter their premises. So you can have breathing space with London storage.

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For more information business consultant

About for sale by owner

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By Jack Authors

Property Investment in the United Kingdom.

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13. Consider painting! – Probably the best dollar-for-dollar investment for selling your home fast is fresh paint. Neutral colors are best. Next to fresh paint, new carpeting if replaced for either condition or color can make a huge difference when selling by for sale by owner.

14. Unfortunately you can not trust everybody! – Anything that has a monetary or personal value and easily concealed should be packed away. You will not know everybody that comes into your house, and it is best to be safe rather than sorry.

15. Do not put money into your home that you will not get back! – Keep in mind that if you do extensive remodeling you run the risk of over-improving your home, you might not be able to recoup your investment when you sell. If your improvements will push your homes value to more than 20% over the average neighboring home values then do not expect to recoup the entire cost. However, some major projects, like replacing a roof or deck, should be done if they are needed.

16. It is a good idea to have someone with you! – Never show your house by yourself. You do not want all your friends over scaring and making perspective buyers uncomfortable when showing your house, but do not show it alone.

Continue reading>>>
selling your home Tips Part 2, 13-24.

Hans Anderson

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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.

A Mortgage Agent checks your beacon or fico score one time and can have access to 40 or more lenders and their products. Traditional banks are limited to only their own products.

A Mortgage Agent takes the intimidation out of the mortgage process as they will negotiate aggressively with lenders on your behalf. When your selling by for sale by owner you would have a Mortgage Consultant pre-qualify perspective buyers. Why have unqualified buyers coming in to your house basically wasting your time. You want to deal with buyers who can afford your property especially when selling by for sale by owner.

The Mortgage Consultant will work with perspective buyers to find them mortgage financing. The entire mortgage process is simplified for your buyer and you as they will negotiate for the best possible products and lowest rates. They will do the paperwork and provide you with the peace-of-mind that you are getting the best solution possible. You and your buyer will be given an explanation of the entire process and have all of your questions from beginning to end answered. It’s very common to have a Mortgage Agent show up at your house for a 9:00 p.m. appointment for your convenience,(try to get a banker to come to your house).

A Mortgage Agent gets paid a finders fee from the lender that the mortgage was arranged with. Sometimes there is a brokerage fee which is paid by the borrower, depending on the circumstances. More often than not the lender pays a finders fee and there is no brokerage fee.

When your putting your team together remember your Mortgage Broker/Agent and what he/she will do for you and your buyer. Remember, no financing no sale!

Foreclosure Investing

Real Estate Investing Club

Hans Anderson

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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:

Canada’s Largest Database

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

Canada’s Largest Database Goldmine Of Pre-Foreclosure Real Estate For Up To 50% Below Market!

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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