When you receive an offer for a piece of real estate, that is just the start of negotiations. The offer price may or may not be close to your asking price, but price is just one of many items to negotiate. If the offer price is less than your asking price, you may decide to […]
Posts with the beginner real estate investor tag
When Your #RealEstateAgent Overprices Your #HomeForSale … #realestateinvesting #realestatetips
When listing your home for sale, one of the biggest mistakes your Real Estate Agent can make it to overprice your home! We have a relative who listed their home for sale 30 days ago. The average days on market for that zip code is 41 days. The comparable homes in the area sell for […]
The Downside of Being a #Landlord … #landlords #propertybrothers #realestatetips
There are numerous financial benefits to investing in real estate and becoming a landlord, however there is a downside to managing your own rental properties. The key to being a successful landlord is to: Pick good tenants Have the personality and interpersonal skills to manage tenants All is well when tenants are paying their rent […]
Ending a Tense Landlord-Tenant Relationship! #propertymanagement #propertybrothers
Approximately 3 years ago, we rented a 2 bedroom 1 bathroom condominium to a young man. He was married but leaving his relationship with his wife. We felt fortunate to find a good tenant because the rental property is in a low to lower-middle income neighborhood. His credit wasn’t so great but he had stable […]
The #RealEstate Bubble is Coming — Get Ready! #realestateinvesting #housing
The Federal Reserve is raising rates. The 10-year Treasury is inching closer to 3%. Commodity prices (gold, silver, oil, copper ) are increasing. What does all of this mean? When interest rates and tangible asset prices start going up, real estate is not far behind! If you plan to sell your home during the next […]
Chasing #Foreclosures! The Kitty Kat Condo! #foreclosure #realestatetips
It’s Foreclosure Saturday! We have a standing appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think of […]
When You Like #Tenant Who is Behind on Rent! #propertymanagement
We have a one bedroom condominium with a tenant who has been renting from us for 8 years. She is a 33 year old single professional who has paid her rent on time. She rarely calls or complains, so we don’t increase her rent at the rate in inflation. As a result, her rent is […]
How to Get Your Wired Funds Back When Scammed! #realestatetips
Two years ago, we bought a 3 bedroom townhouse. We took a cashier’s check to settlement. We thought it was sufficient. However, the settlement agent told us we had to wire funds to the settlement company’s account. We had never wired funds before, and we are very suspicious of wiring large amounts of money. How […]
Chasing #Foreclosures! The Jacuzzi Condo! #foreclosure
It’s Foreclosure Saturday! We have a standing appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think of […]
5 Signs of a Motivated Seller! #realestatetips #realestateadvice
What is a Motivated Seller? A motivated seller is an individual who is anxious to sell a real estate property. Examples of reasons they are anxious to sell include: Financial Difficulty Medical Issues Divorce Job Relocation Bad Tenant Absentee Owner Why look for a motivated seller? Motivated sellers need to get out from under the […]