Investors should ask questions when buying and selling real estate

!±8± Investors should ask questions when buying and selling real estate

If you are a real estate investor, here are some questions to consider if you held the investment property. Providing sound answers to these questions will significantly increase your profits:

Why sell a house for bargain prices?

There are many factors, the owners of the opportunity, can prevent you from getting to their homes. Factors such as job loss or transfer, divorce, illness, addiction, drugs or alcohol, or a series of other problems of confusionHouse. When this happens, their home a low priority and necessary repairs will be interrupted. The house can also go into foreclosure.

The death of a relative's home with a home owner wants to leave then no one can become a burden. These houses can only be "tired" and only in need of cosmetic upgrades to compete with other homes on the market.

I recently purchased a "Triple D" house: one who have been involved in a divorce, go through the standard, and it was aKennels. But he needed only cosmetic work, so my daughter and I bought it and do it all yourself without the help of men in our lives, and we expect to make nearly $ 50,000 for a month of work. This is not so much as our husbands usually make their "nests," but not so hard work.

What should you look for?

The most difficult thing for the house of a house to sell is a "kennel", which is also often called "dump" or known "fixer-upper." These run downMost of the houses to scare buyers who do not have the up-front money for the down payment, closing costs, new furniture, and repairing things like new carpet, roof and repairs that may be required. In this sense, according to key words such as "special artisans", "AS IS," "fixer," and other words that reveal real estate ads, or lists you make money.

Tell your broker for these types of keywords to use when using a multiple Listing Service search in your area of destination. Once you have aFixer, you can transform from a doghouse to a dollhouse, you will find the seller has the problem and then offer a solution. These problems are often linked to money to be ready to close quickly is important for the rule and can lead to associate a bargain price from a seller in a financial.

How quickly can you close?

You can close more quickly by having your loan in place even before the start of negotiations with the seller. Motivated seller will respond positively if you are already approved for theThe loan, you get both "pre-qualified" and "pre-approved" by an experienced provider to vendors know that you can close quickly.

How "bad" is good?

When first starting business in real estate "fixer" for ugly houses that seem to need only cosmetic work. Entry Level 'coup' n go "fixers houses that are still clean, paint and carpet.

Know your limits and be careful when you have houses that need structuralRepairs. These houses can be very profitable (we have $ 75,000 for a month of hard work, for example), but they are not good candidates for most of the initial investors. Since my husband knows what to do with the construction, we are able to take houses that other investors could not. And 'structural beams, sub-floors, walls, plumbing and electrical systems replaced, but he learned those skills over many years.

By the time you can learn to do a lot of structural work itself,But when you're first starting, make sure you have reliable estimates of suppliers for any structural repairs that may be necessary, and then decide whether it is worthwhile to make sufficient profit to stay in the project.

What is easier to sell the house?

The sale of a "Doll House" in a desirable family neighborhood is the easiest. For example, once we have sold a house called "House of Oranges", just three hours after it hit MLS! First buyers search for a specific environment, andthen look for a house in this area with the right number of bedrooms, bathrooms and other amenities. You will eventually buy the house that not only their basic needs, but also supports their emotional needs.

What are the emotional needs of buyers'?

We find that makes the use of Design Psychology and Marketing Psychology is a big difference when we sell our investment properties, selling faster and at higher prices. But both concepts go far beyond simple "curb. Respond "

In the first place to attract buyers to the porch, through the use of potted plants and flowers near the front door, we painted a happy one. Once buyers are inside the house, we use colors that are our target income level buyers' and corresponds to the selling season. Generally prefer the buyer of expensive houses and complex colors with cool colors during hot weather and warm colors in cold weather bases to make buyers feel that in our homes.

As a realReal estate investor can face these problems, the choice of your property thoroughly prepared to act quickly and Design Psychology and Psychology of marketing are working together to significantly improve your bottom line.