If you are looking to sell your home fast and want to avoid the hassles involved in the selling process, contacting one of the local home investors will be the best thing to do. You may have come across several advertisements which say “we buy houses”, these advertisements are of the people and firms who are always in a lookout for great deals and prefer to work directly with homeowners.
When planning to sell your home, you should consider that it is not only the individual buyers who can offer to buy your property. You may receive offers from home investors who buy residential homes and either use them as rentals or resell them at a profit.
Here are some of the benefits of selling your home directly to an investor:
Fast Sale – The deal will close very quickly when you sell your home to an investor. This works best for people who are in a hurry to sell their property. All you need to do is call an investment company which interests you and ask them to come
You might think that listing the property online is really easy; of course it’s easy, but if you do it without the proper guidelines, nobody would bother to take a look at your listed property which ultimately makes your listing a waste. You must be aware that, with the advent of technology, there are lakhs of online property listings today. But how you make your property stand out of the others is what makes it interesting. Here are a few tips to list the property online, following which will increase the chances of your property getting sold or rented out soon.
- A Short and Appealing Headline: Headline is really an important thing to be considered while listing your property online, as it’s the first thing people get attracted to. So make sure that the headline is short and crispy, so that it will have a good first impression on the potential buyers. Also, it increases the chances of your ad getting noticed, as a messy or incomplete headline can turn off the buyers.
- Provide enough Information: While posting your property, there are lots
Before purchasing an investment property for rental purposes it’s always a good idea to calculate whether it will be cash flow positive or cash flow negative. That is, will the property generate an income (positive) or will it require a monthly cash injection (negative)?
This article will outline and briefly describe many of the main Purchasing and Annual Holding Costs incurred when buying a rental property. Please keep in mind that these items will vary from country to country and they do not take into account personal tax implications.
Purchase price – the agreed price for which the property will exchange hands.
Renovation Costs – money budgeted for renovations prior to the property been made available for rental.
Agents Fees – in some countries it is common practice for the buyer to pay some or all of the real estate agent’s selling fees/commission. However, in most cases these fees are paid by the vendor.
Stamp duty – a duty placed on the purchase of a property charged by the local government for the
Have you been looking at the housing market and thinking you want to buy a home?
Ads are everywhere listing properties.
It would be hard to make it through a day without seeing eye-catching photos of your possible dream home.
But before you fall in love with that home – any home – do you know what your credit score is? When is the last time you checked your credit report?
Those two things should always be the first steps you take when you start thinking about buying a home.
Any lender will pull reports from all three bureaus and take the median score so it’s important to know the information on all three.
The free versions of the reports do not include your score; however, you can pay a small fee to have that included.
Some credit cards provide you with your free score so check if that is available to you. But don’t open a new account just to get your score!
A score of 740 or higher should qualify for the best mortgage rates. Anything below 640 is going to make it difficult to qualify.
It is bound to be very exciting when you finally are able to buy a home. However, the buying process can be a daunting task if you are a first time buyer. Unless you know a lot about property, you might find it a bit confusing especially when it comes to the legal peculiarities of owning the property. Without help, you could also end up being charged too high or getting a property that is not what it seems to be. Conveyancing services come in handy in such situations because the solicitors for first time buyers help you with the legal and even financial procedures of purchasing that property.
Conveyancing can be defined as the legal process of purchasing property and transferring a legal title from the seller to the buyer. It is a process that goes through different stages and your legal adviser or conveyancer will help you with the process. But why exactly are the conveyancing services important and what will your solicitor do?
Legal research on your desired property is what the solicitor will have as a key task when you hire the services. A surveyor will be get to
Here are three reasons you should wait to buy a house.
1. You Have Too Much Debt
You might make a decent income, but you also must consider how much debt you carry before you apply for a home loan. Your lender will. They use a calculation called debt-to-income ratio (DTI). To qualify for most mortgage loans, you need a DTI of 43 percent or less.
You can figure what yours is by writing down all your debts, such as a student loan, car loan, your minimum credit card payment, and any other debt. Total that. Then figure out how much income you bring in.
You figure your gross income, and add investment or bonus income. Divide your debt by your income. The lower your DTI the better. If it’s high, you’ll need to pay off some debt before you buy a home.
2. You’re Not Sure You’ll Settle Here
Once you buy a house, you can’t just pick up and move if you were to get a promotion or (surprise!) have a baby who needs more room. Well, you could, but you’ll lose a lot of money.
All those closing
It’s the dream of every person looking to sell a house to sell it as soon as possible and at a high price. Unfortunately this is not the case. In some cases it can take you up to a year before you get a prospective buyer. While its tough selling a house, it doesn’t mean that you can’t sell yours fast and at a high price. Here are tips that will help you do it:
Prepare your house for sale
There is no buyer that will buy a mediocre house. You need to ensure that your house in good condition. One of the things that you should do is keep the house spotlessly clean. Give all areas of the house a thorough cleaning. For a better job, hire a cleaning company to help you out. When cleaning, pay attention to smells.
If you are still living in the house, don’t cook bacon during the day that you are showing it. This is to prevent it from smelling like a fast food restaurant. Also remember to paint the walls and get rid of your personal effects.
In addition to giving attention to the inside of
You have decided to sell your house and your first thought is: “How much is it worth?” You know what you paid for it and how much you owe on the loan. You remodeled a bathroom and finished the basement. You want to buy a new home across town and need $25,000 for the down payment and closing costs. You decide $195,000 sounds like a good price. That figure seems to pop up a lot lately when you check out other homes for sale in your area.
Sound anything like your initial thoughts when you decided to sell your house? This kind of information will definitely affect your final decision to sell, and it should be considered before selling. But, does it affect the value of your house?
Let’s look at five mistakes home owner’s make when pricing their house.
You know what you paid for your house.
Whether you inherited the house outright or paid $300,000 for it does not affect the current value of the house. Owning a house you did not pay for does not mean it’s worthless. Paying $300,000 for your house last year or 10 years ago does not
This can be a really good option for those who are already know anyone who would like to purchase it – an acquaintance or a contact, or maybe somebody who is inquiring about selling a property. If you market your house by yourself, you certainly will save a major portion of your money – however potential buyers will likely be informed about this and hence could possibly try and work out a reduced rate to share in the saving. In case your house has a difficult leasehold situation, or even if ownership is disputed, don’t attempt selling it by yourself.
How would you sell your own property?
Around 8 out of every 10 home buyers are usually located in the nearby vicinity, and that means you have to pass on the message in your locality. Inform friends and family and also acquaintances and fix up a ‘for sale’ board – There are actually legal specifications regarding ‘for sale’ boards. One might primarily use just one about .5 square meters, or 2 joined to a max of .6 square meters. They need to have a distinct ad on either side. Also remember that they should be safely
I recently had a long chat with one of the most successful real estate investors I’ve ever met. As I often do, I wanted to get a real understanding of the “Why?” he did real estate and what he wanted to accomplish for himself by reaching financial freedom.
You see, I am firmly convinced of the truth that “If you have a big enough ‘Why?’ to do something, the ‘How?’ will reveal itself to you. This gentleman had some good things to say about the concept and completely opened my mind up to even deeper levels of understanding about the terms “success” and “freedom”.
Listen, if you’re serious about making real estate investing an ultra-successful career for you, you have to go even further than just having investing in real estate be what you do for a living.
It has to become a lifestyle. He threw my questions right back at me and we had some great give-and-take and it was like you could really feel that chemistry that comes into play when entrepreneurs are talking about their passion of investing in real estate.
For him, it came down to asking this question, which
If you’re looking for a quick house sale there are some simple steps you can follow which will help you to find a buyer in a timely manner.
Find the right agent:
When it comes to estate agents you’re likely to be presented with a huge variety of options. Should you pick a high street estate agent or an online service? Should you go for a big name, national company or are you better to go with a local independent agent? The main thing is to do your research. Which estate agents have sold properties nearby recently? How quickly did the properties sell? Did they achieve a good price? All of this information can be gathered online using websites such as Rightmove, Zoopla and land registry. Don’t just pick the cheapest service available, choose the agent that has the best knowledge of your area and who will be able to sell your property well.
Price it right:
Everyone likes to get excited about national headlines that refer to rising house prices, but it’s important to not get carried away by national stories and look at your local property market. Speak to a few different
When talking about Rental Property Investments, the term ‘working capital’ has to be understood. There are two concepts of working capital: gross working capital and net working capital. Gross working capital is the total of all current assets. Net working capital is the difference between current assets and current liabilities. It may be mentioned here that though this concept of working capital is commonly used, it is an accounting concept with little economic meaning. It makes little sense to say that a firm manages its net working capital. What a firm really does is to take decisions with respect to various current assets and current liabilities.
The management of working capital refers to the management of current assets as well as current liabilities. The major thrust, of course, is on the management of current assets. This is understandable because current liabilities arise in the context of current assets. Working capital is a significant facet of rental property investments because investment in current assets represents a substantial portion of total investment. Moreover, investment in current assets and the level of current liabilities have to be geared quickly to changes in sales. To be sure, fixed asset investment and
It takes time and effort for a real estate investor to locate a deal. There are lots of properties for sale, but finding the deals has not always been easy. Fortunately, many tools and websites now available are making it easier. There are sites which help generate leads from motivated sellers and there are sites which provide valuable information to assist the investor in determining property values. As a result, investors can get leads and do most of their analysis before they even see a property.
One site that is good for determining property values, is a subscription site called Real Quest (www.realquest.com). Real Quest allows subscribers to look at liens, tax records and comparable sales. Another site, http://www.zillow.com which is free, even shows an aerial view of some properties. In addition, many of the counties across the U.S. now have free access to tax records on-line. And, of course, if the investor is a licensed agent they have access to the MLS. Taking advantage of these and other on-line resources, an investor can calculate the retail value of a property without even seeing it.
Figuring out the offer amount is important, but most deals are
I just got off the phone with John, a student of mine.
My conversation with John was thought provoking and exciting and I thought you needed to hear the same powerful information I just shared with him.
But, first I have a few questions…
Do you want to be enormously successful investing in real estate?
Do you want to have the kind of money rolling in that changes your lifestyle into what you dare dream of only in your wildest fantasies?
Yes, of course! I know you do. So what’s the secret to success?
It’s in the numbers!
In a perfect world, every lead you spoke to would turn into a closed deal. Unfortunately, we don’t live in that utopia. In fact, more leads will lead nowhere than those worth pursuing. Your job is to separate the chaff from the wheat. To find the profitable deals hiding behind a motivated seller. Let me make it very simple – increases in the number of seller discussions increases dollars in the bank. It’s a game of numbers.
Regardless of your expertise, you have some ratio of deals to contracts. This is the
I have learned that investing is all about research. So many people express how risky real estate investing can be, however there can be no risk when you know what you are doing. Risk comes from being unsure.
Thorough research provides knowledge about your market or area of investment. In real estate investing knowing your market is the key. Know the population, employment, good locations, supply and demand for housing and other characteristics about your market. This is better than just assuming that property will go up in value or that you will get someone to rent your investment property.
There are a few ways that you can go about getting this type of information:
1) Speak to your city officials to find out the population projection for your desired investment market.
2) Use the Internet to do as much research as possible.
3) Put together a team of professionals. Realtors, lawyers, mortgage brokers, appraisers, property managers etc.
4) Read your local paper.
5) Tour the area and pretend as though you were a resident there.
There are other ways to find information. This may seem like too much work
Owning a house is part of the American Dream. Depending on where you live in the US – home ownership can be around 70%. That means that 70% of people own their own home. That is very high compared to other countries. Owning a home is usually a nice piece of independence and also part of building a nest egg for retirement. Home ownership is considered an investment. But then it is surprising how many home owners treat their own home as if it would be something they don’t own.
Imagine the case of a lady in Highlands Ranch, Colorado. She bought a ranch-style home in late 2004 for $265,000.00 – mainly financed through a mortgage. She owes about 95% of the house value to a mortgage company. Highlands Ranch, Colorado is a covenant controlled neighborhood. Strict rules are in place of how to maintain a certain level of landscaping and to keep the property in shape (+ many more things). The covenant rules give a development a more standard appearance, and control some of the activities that take place within its boundaries. When enforced, covenants protect property values. When buying a house in Highlands Ranch the
Buying Off Plan
It can be difficult to decide when every deal seems to be not to be missed!
There are some key things I look for when buying off plan, whether it’s in the UK or abroad it makes no difference.
The property must be good value now ie it compares favourably with similar properties today, and is not based on properties going up in value 10% each of next 2-3 years.
Supply and demand – this is vital. What is current supply and demand? What will it be when complete? If market is already looking saturated now, will it be any different in 2 years? What development is planned in area in the meantime?
Market forces – will demand grow? Decline? Who is the market? Young professionals, holiday makers?
Interest rates – what are current interest rates? Are they likely to go up/down?
Tax efficient/costs – Tax can often be your biggest expense. What are property taxes like in the country looking to invest in? What is most tax efficient way to buy ie joint names, limited company? What are other taxes like? Eg Capital gains tax, wealth tax,
When looking at investments for long-term capital growth potential, investments in UK land have returned stunning rates of growth coupled with low risk.
Overall prices (farmland) have increased by up to 30% in the last 12 months and 130% since the early 1990s with an average 920% growth in the last 20 years.
An Attractive Alternative Investment
When looking at investments for long-term capital growth most investors consider mutual funds, investment trusts, stocks, equities, and hedge funds. However, the fact is that land has shown better average growth with less downside volatility. This makes land a solid investment for the conservative risk conscious investor.
Once the preserve of large institutional investors, this exciting market is now open to smaller investors.
Why Land Has Such Great Potential
When looking at investments for long-term capital growth potential, we need to look at the supply and demand equation.
Land has all the ingredients for demand to exceed supply and see land prices climb higher in the coming years.
The Case for UK Land
When looking at investments for long-term capital growth potential, it is clear that of all the countries in the
We probably answer this question for someone a couple times every week. The problem is that they don’t have a good formula for determining the most they can pay and still make a profit – so they’re scared to make any offer. Here’s what we use for single family homes:
The (MAO) Maximum Allowable Offer is calculated by first determining what the house will be worth after renovation – the ARV (After Repaired Value); less the rehab dollars required; less the Buy/Sell/Hold (B/S/H) costs; less profit margins.
MAO = ARV – Rehab – B/S/H – Profit
So let’s break that down a little further. To determine the ARV, study comparable sales data. Comparable sales are those properties which sold in the last 6 months to 1 year, and within ½ to 1 mile from the subject house. But other factors must be considered as well. The more characteristics between the properties that are similar, the more valid the data. Make sure that the house itself is similar in square footage, bedrooms and baths, age, style, and architecture. Don’t worry about condition except as it will affect the amount of rehab dollars required. Next, look at
Also referred to as real property, real estate basically implies a piece of land including anything affixed to it like buildings, fences etc. For a long time now real estate has been topping the favourites chart as a great investment opportunity that has a potential of yielding big profits.
Now before you get all excited to take the plunge into the real estate market; lets first understand the brass tracts of the game called real estate investment.
There are two principal means by which you can earn by investing in a real estate business namely resale and rental.
This kind of investment works in quite the same way as an investment in stocks does. You purchase a property and then put it up for sale at a price higher than the one that you paid for purchasing it. Therefore, you pocket the money that is the difference between the two costs. Usually, investors of such a scheme use the money they earned on a particular purchase to buy another property, which they further sell out and the process repeats itself.
But just like everything else in life a resale investment also