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Achieving Success in Real Estate Investments

Posted by on Sep 21, 2018 in Real Estate | Comments Off on Achieving Success in Real Estate Investments

Today, an increasing number of people are investing in real estate properties, and for good reason. Now that stock exchanges are no longer becoming profitable, people are going back to real estate. A lot of first-time real estate investors go with single family homes. This has become very common because majority of them have become familiar with buying a home even if real estate investments can be done without owning a home. Also, the learning curve is just slim. However, there is a downside to this approach. For starters, the competition is heavy. Also, first time home buyers are being discouraged by investors who are doing something to drive up the cost of properties for sale. When this happens, for sure, the real estate bubble bursting is about to happen.

So, what are the things that you should do in order for you to not be in these types of situations and invest in real estate successfully? What are the things that you can do to stay on top of the competition while making sure that you are just prepared in case something bad happens to your investments? To answer all these questions, you should invest in commercial real estate.

Why commercial real estate? You see, when you invest in commercial real estate, it does not matter if the local real estate market is having a good time or a bad time. You still get the kind of profit returns that you should expect on a regular basis. What is being referred in this article as commercial real estate in multi-unit apartment buildings.

To answer questions forming inside of your head, here goes. Yes, you will become landlord but no, you will not have to do all the work yourself. You will only serve as the owner of the apartment and never its manager. Part of your expenses include the managing and owning costs of the building that will just be covered by the income you receive from rent.

You can refer to apartment buildings as commercial real estate if they come with five or more units. So that you can make the most of this type of commercial property, you can either invest in bigger buildings or own multiple small apartment buildings. This ensures that your expense to income ratio will generate you a positive cash flow. Becoming an investor of rental properties should be all about getting positive cash flow.

If you are planning to invest in commercial real estate, you should not be too fast in making deals and getting deals. You have to learn as much as you can about the market first. Keep in mind that in this particular area of the industry, you are dealing with professionals. You should never be too obvious that you are an amateur in the business because you will just end up wasting the time of your potential tenants. Also, keep in mind that if you do not have any real estate investment experience, you might not be able to borrow some money from commercial real estate lenders. So, start learning more about commercial real estate first and read some books about making such investments before testing the waters.

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An Introduction to Real Estate Auctions

Posted by on Sep 21, 2018 in Real Estate | Comments Off on An Introduction to Real Estate Auctions

Auctions not only happen with rare treasures and collectibles, today, auctions are also being held for real estate properties. Indeed, real estate auctions are becoming a current trend. Successful auctions of real estate seem to be happening in various portions of the world. It seems that they are becoming a trend all because of increasing inventories and decreasing buyer confidence. The kind of properties that get sold using traditional methods in weeks in the past no longer attracts buyers like they did today even with their prices marked down. A lot of people say that the real estate bubble has already burst but both sellers and buyers of today are actually benefiting financially from real estate auctions.

No matter the market cycles and trends, real estate auctions are one way of having a transparent and open process for both sellers and buyers. Real estate auctions that have been conducted properly attract interested and ready buyers and motivate them to act accordingly. Auctions help to get rid of the wait and see attitude of real estate transactions of today. Most buyers have become more conscious of overpaying. With auctions though, they are able to gain more confidence with their real estate purchases because they can see with their own eyes what other people are willing to pay for such a property.

If inventories are low while the market demand is high, real estate auctions are able to provide higher selling prices than what a seller will be willing to give in after negotiations with private sales. When the real estate market has a good selling atmosphere, a lot of property owners using traditional methods negotiate on a per-buyer basis. This leaves behind equity in thousands of amounts on the table. During these times, engaging in real estate auctions is the best solution to get a top market price.

Not all sellers or properties are good candidates for auction. As a seller, you have to be ready to sell right this very instant and for the current market value of your property. Always keep in mind that real estate auctions will not resolve any issue that is caused by a decrease in the current market value of your property. If you still owe more money than what any willing buyer of yours will pay, then you still have to close a deal preparing your own check book.

A real estate property that does well during real estate auctions is the kind that has some unique characteristic to it. If you are wondering if your real estate property will do well during auctions, you have to ask yourself what makes your property different from most properties. If you own a high-end luxury home or a resort property, they will most likely do well during auctions. Most land and commercial properties sell well during auctions. Just like most auctions, real estate auctions prosper when there is an element of uniqueness. When your property is similar to most properties, the best way for you to sell it is to come up with a price that is the most competitive. Lastly, as a seller, do not forget to come up with a minimum bid that is both reasonable and realistic.

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Everything You Need to Know About Rental Properties and Landlord and Tenant Responsibilities

Posted by on Sep 20, 2018 in Real Estate | Comments Off on Everything You Need to Know About Rental Properties and Landlord and Tenant Responsibilities

Both landlords and tenants have roles to play in rental properties. Each key player will have distinct roles to play that they must know a great deal about before renting a property or choosing to manage a rental property. Whether you are the landlord or you are the tenant, you should have a clear understanding about your rights and what responsibilities are required of you from these rental properties. This ensures that both parties will have a pleasant and peaceful experience in renting properties.

Before knowing more about both landlord and tenant responsibilities, you have to first understand the basics of rental properties. Now, if a person will rent a residential property, you refer to him or her as a tenant. Before signing a deal to rent the property, the lease agreement should state all the rights and responsibilities of both the tenant as well as the landlord. To prevent any misunderstandings, legal disputes, and confusion, both parties should be well aware of these facts and what are expected from them.

There are usually two type of tenancy agreement contracts. You have the lease agreement and you also have the lease and license agreement. The former agreement allows the tenant to have ownership of the property at a period of time that is not specifically stated. This can cause legal disputes that must be settled in court of the tenant does not want to move out of the property. The latter agreement, however, is much more recommended since it has a conditional ownership agreement for a particular period of time. You are also given the option to renew your rent where there will then be other changes to your stay and rent.

When it comes to landlords, they will then come up with a rental amount that must meet the formula set by their local governing bodies. This differs per country and per location. Nonetheless, most annual rents are computed based on a percentage of the expenses paid for the construction of the property and the current market price of the land. The both of these costs also depend on the historical value of the property. This means that old properties have smaller rental fees while new properties have bigger rental fees that will benefit the landlord more. An increase in rental fee is also expected when the property is renovated.

A responsible tenant should be able to pay their rent and other associated rental bills as per the agreed terms of their contract. If the tenant is not able to meet their payments on time, they may pay an interest rate for the delays. Most interest rates are calculated based on the due rent date and the date it was paid off.

On the part of the landlord, they should be able to provide a rent receipt to the tenant to serve as proof that the payment was made. If the landlord fails to provide this receipt, the tenant has the right to complain to the consumer court. When such a situation happens, authorities will listen to both sides where the landlord must then provide compensation to the tenant accordingly. However, the tenant must meet certain requirements for filing complaints against their landlords. For instance, they can only file a complaint within two months from the payment was made.

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Tips and Tricks to Effectively Selling Your Property Directly

Posted by on Sep 20, 2018 in Real Estate | Comments Off on Tips and Tricks to Effectively Selling Your Property Directly

Thinking of skipping the services of a real estate agent to sell your home? If the answer is yes but you think that this is not possible, then you have to think again. You see, it is very much possible for you to sell your property directly, or in short, by yourself. When you sell your property without employing the services of a real estate agent, you actually get to save on their commission fees. And yet, there is another question that you have to deal with. Is it going to be a smooth sailing ride to sell properties on your own?

To answer the last question, it would be a yes. Selling a home directly can be a smooth sailing process if you make sure to dedicate your effort and time in doing so. Once you have the willingness and commitment to do so, then there is no doubt that its benefits will come coming back to you.

What are the benefits of selling property directly?
• No more profit sharing: As mentioned above, since you are the only one directly selling your property, you need not provide any commission fee to your real estate agent anymore. This is often taken as a percentage from the total selling price of your property.
• Control over the sales process: If you hire a real estate agent to sell your property, he or she takes control over the sales process. However, if you sell your property directly, you are the one who takes control over the whole sales process.
• You can make better price negotiations.
• You have all the say on the arrangement of viewings of your property for sale.

What are the crucial steps to selling your property directly?
1. Remove clutter: Remove all personal belongings and garbage found in and around your home.
2. Inspect: Check the condition of your home like any presence of defects and faults and address them as soon as you can.
3. Home staging: This is the process of decorating your home to entice potential home buyers to check it out. You can hire the professionals to provide you with these services. When effectively done, not only are you attracting more potential buyers but also you are allowing your property to be sold at a better price.
4. Price your property: One way to sell your house fast is to price it accurately. You can do online searches of the current prices of properties that are similar with yours. You can also get the services of a professional evaluator.
5. List your property: Have your home listed on a reputable and highly visible property portal. In this way, you can attract more buyers to check out your property. It even helps to have your property placed in multiple property listings.
6. Connect with potential buyers: Always include your contact information regarding the property that you are selling. Once a potential buyer sees your listed property, they will not have a hard time connecting with you.
7. Arrange viewings: Find a convenient time not just for you but for your potential buyer if they must view your property.
8. Negotiate: Since you are the owner of your property, make sure to keep in mind the price you want your property sold. You have the power to directly negotiate with your buyer.
9. Close the deal: Do this by having the required documentations with you. It would be better to have a legal expert by your side to check the validity of every document drawn.

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Proven and Tested House Maintenance and Cleaning Tips All Throughout the Seasons

Posted by on Sep 20, 2018 in Real Estate | Comments Off on Proven and Tested House Maintenance and Cleaning Tips All Throughout the Seasons

Owning your own home is one of the best accomplishments and investments that you will ever make in your life. However, there are some responsibilities as a home owner that you have to keep in mind. For instance, you have to have some sort of system that will make sure to keep your house well maintained and looking clean all throughout the seasons. Also, you need to utilize effective planning skills and be committed to looking after your home in order for you to live as comfortably as you can minus the stress and tension.

A lot of new home owners think that they have what it takes to deal with all of the responsibilities and tasks there are when it comes to their home. But when you look closely, sometimes, there are certain aspects that they have failed to consider. If you do not want to end up stressed out in dealing with keeping your house well cleaned and well maintained then this short article is for you. Here are some proven and tested house maintenance and cleaning tips all throughout the seasons to keep in mind.

Winter: You can better prepare for this season by examining ahead of time what areas in your home, most especially on the outside, that will go through a lot of stresses during the colder months. Assess your concrete areas like your foundation areas, driveways, steps, walkways, and the like for any irregularities. If you find even the tiniest bits of problems, make sure to address them right away before they blow out of proportions and at a time you cannot deal with them anymore. If you live in areas that get lots of snow, make sure that your snow blower is in pristine condition because you will be needing it the most during these times. Check if you have enough shovels and check your gutters if they are free from leaves, debris, and the like. Again, address these issues even before the winter season begins. Also, do not forget to inspect your insulation and check for air leaks. Have painted exteriors touched up to minimize chipping occurrences caused by harsh weather conditions.

Spring: Spring cleaning may be all too familiar to you but what is most important is that you do not just consider it an idea but a plan of action. Engage in interior cleaning from all of the debris, dirt, and stresses brought about by the winter season. This is the perfect time to do some interior painting of a few rooms in the house. Check any damages caused by the previous winter season and address them as early as you can.

Summer: Before the summer season begins, make sure to have your air conditioner and filters checked, cleaned, and repaired as necessary. Even during the spring season, your exterior windows should already be clean for you to appreciate the sunshine and beauty of summer. Look into areas that may need some exterior work done like your deck, patios, and the like.

Autumn: Once all the leaves have fallen, make sure that you thoroughly clean the grounds and remove leaves from your roof areas and near your drains. This is the perfect time of the year to have your trees pruned to be sure that they will not weaken with the snow of the winter season. Your goal for this season is to reduce additional work and to ensure safety.

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The Complete Guide to Packing Your Fragile Items Like the Pros

Posted by on Sep 20, 2018 in Real Estate | Comments Off on The Complete Guide to Packing Your Fragile Items Like the Pros

Moving out is not just physically draining but emotionally draining as well. It always becomes a tiring task all because you have to pack a lot of your things, move them, and then go back to unpacking them all. Of course, not all of your things are hard to pack. You have your clothes and non-delicate things that you can easily put inside boxes. However, what becomes a challenge will have to be your personal fragile items. They are the ones that need all the special consideration that they can get. But worry not, this article will serve as your guide to packing your fragile items like the  real estate pros.

1. Use protective covers.
Fragile items tend to break easily if they will be moving inside of the containers that you have chosen to place them in while moving out. Good thing there are wraps that add a layer of protection to these items of yours that you do not want to get damaged. You can also choose to have old paper materials like newspapers used as wrapping material for these items. Bubble wraps are another great protective cover idea for fragile items. To ensure that your fragile items will not move while inside boxes, you can choose to have old clothes, rugs, and cottons used as fillers. Just be sure to still secure your items with a tape as there are still some that tend to slip. Be generous in using tape. Keep in mind that you are doing this all to secure your fragile items from getting damaged, bending, and breaking.

2. Prepare packing materials ahead of time.
If you are moving out in a hurry, clearly, you do not want to be involved in a packing dilemma where there are still a lot of materials that are missing and you are already ready to box things up. Even if time is of the essence, it always pays if you prepare ahead of time. Make sure that you have prepared packing tapes, scissors, wraps, and quality boxes ahead of time. By doing so, there is no doubt that you can save more of your time while packing.

3. Label boxes with fragile items.
Aside from properly packing and wrapping your things, you have to make sure to keep yourself reminded about the boxes that you have packed that contain your fragile items. The use of a felt market will do to write in clear, bold, and readable size the word ‘fragile’. This will always serve as a good enough reminder.

4. Always remind your movers.
Though having the boxes that contain your fragile items marked with felt market is one way of telling other people to handle these boxes carefully, there are some who may not read them. Even the professional movers need to be reminded which among the boxes that you have prepared contain delicate items or those that are easy to break. It also helps if you are able to tell them ahead of time what items are inside of the boxes for them to be more careful in handling the boxes.

No matter if your fragile items are expensive or if they just have some sentimental value for you, the tips above can surely help you keep them whole and damage-free during the moving process.

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Mistakes to Avoid When Dealing with Real Estate

Posted by on Sep 20, 2018 in Real Estate | Comments Off on Mistakes to Avoid When Dealing with Real Estate

Buying or selling a property on your own is your own choice. This decision is easy to make at first. However, as you get into the process, you will learn that there are still a lot of challenges that you have to tackle along the way on your own. If you will not be hiring a real estate agent, chances are, you will be committing common mistakes in dealing with real estate, and you will read about them shortly.

Of course, the main reason why you have decided to do things on your own is for you to earn more money and not pay anyone commission. But as it turns out, you will learn that dealing with real estate is not as easy as it seems. At the end of the day, you will always benefit the most in making real estate dealings when you hire a real estate agent to help you before, during, and after the real estate dealing process.

• Having a fixed price
A lot of first-time amateur property dealers make this mistake, unfortunately. The most common reason for this will have to be the fact that you just have no idea what the current market rate is. By hiring a professional real estate agent, though, they will be able to quote a good target for your property. He will then inform you if the price that you have in mind for the property is realistic in the current market.

• Assessing affordability
Most good homes come in high prices yet with a real estate agent by your side, he will show you possible property options that will fit your budget range just fine. Meanwhile, if you decide to be looking for properties on your own, you may end up not getting what exactly it is you need and want in a home in a price that you cannot afford. All this just leads to you wasting your time and feeling emotionally drained in the end.

• Exploring different mortgage options
While looking for real estate properties on your own, your options are limited to what your bank offers. If you hire a real estate agent, on the other hand, they have a number of resources that will assist you in getting the best rates. Since he has experienced dealing with a lot of banks, he can surely lead to you get lower interest rates for your potential property.

• Forgetting to think about the future
The future is never predictable but this does not mean that you do not make your own five-year plan. Always consider what your plans are for the coming five years or more in your life. This includes your goal of buying a house. This goal of yours is best shared with a real estate agent because they can give you advice if you should get a bigger house or a small flat depending on your future plans. A real estate agent will serve as your advisor in order for you to avoid making impulsive purchases.

• Ignoring inspection
This is another common mistake that regular individuals like you make in selling or buying properties on your own. By hiring a real estate agent, they will make sure to have the property undergo technical inspection. This will give you an idea what the current physical condition is of the house. Your real estate agent will then advise you to skip buying a property with its poor infrastructure or because its location has high crime rates.

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