Getting into Real Estate

Four Ways Technology Can Help You Through The Home Buying Process

Posted by on 12:36 pm in Uncategorized | Comments Off on Four Ways Technology Can Help You Through The Home Buying Process

If you are on the market for a new home, working with a real estate agent can help streamline the home buying process. New technology can also make the entire home buying process more efficient. Here are four technology-based tools you should be using when searching for and buying a new home. 1. Map and Direction-Based Sites Having a good navigation tool on hand when traveling from open house to open house is always a great thing, but there are other things that mapping sites can do for you as well. Mapping programs can help you vet potential neighborhood congestion before you fall in love with an area. By inputting your routes to and from work, most mapping sites can bring to light high traffic zones and rush hour peak times. You can then decide if an area will be worth the commute or not. 2. Demographic Data Sites While a neighborhood might look great on a sunny weekend afternoon, you might not know much else about an area, such as crime rates, school district rankings, or property taxes. This demographic information can be pulled online and is worth reviewing rather than going into a purchase blindly. If you can weigh the pros and cons of an area with all of the information that is available, you can make a smarter purchase when you are ready. 3. MLS Listings It is worth it to review major real estate sites to see what is up-and-coming in your neighborhood. You can get started on your search by comparing pricing and receiving notifications of new open houses. The thing is, these online resources might not capture all homes on the market and might not have up-to-the-minute information. Your real estate agent will have access to the most comprehensive data through MLS listings, and can share homes with you that are narrowed to your interests. 4. Document Review and Signing Software While the final closing documents will need to be signed in person with a notary in most cases, there are plenty of other preliminary financial, contract, and inspection-based documents that can be signed through online programs. Before you sign, be sure your real estate agent is available via phone in case you have any questions. These days, technology can give potential home buyers more overall control and information when it come to the house hunting process. Be sure to use technology available in order to give yourself a better chance of finding your dream...

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Want To Flip Houses? 3 Things You Should Always Look For As A Real Estate Investor

Posted by on 10:10 am in Uncategorized | Comments Off on Want To Flip Houses? 3 Things You Should Always Look For As A Real Estate Investor

Purchasing a house as an investment is a whole different animal than purchasing a house in order to make it your home. The things that matter greatly when picking out a home don’t matter so much when you’re trying to make an investment. However, some things you absolutely have to look for and get right if you want to make money on your investment. More than one investor has seen their profits go down the drain by failing to look at property as a real estate investor should. Following are three things you should pay attention to. Comps The first thing you want to do when any property catches your eye is to check out the comps in the neighborhood. Comps are prices that neighboring houses that are similar to the house under consideration have sold for recently. The goal of looking at comps is to see if there’s profit to be made or not. If houses are going very cheap or if property values are declining in the area, it’s probably not a good idea to invest in the property. However, if the comps show that there is a lot of room to make a profit, you may want to find out more about the property. Price In order to make a profit, you have to get the house for a great price. Once you know what you can sell a house for, you have to subtract what you’ll pay for the property, the money spent on any repairs, and holding costs. To make sure you have enough wiggle room to do all of that, you may have to purchase a distressed property that doesn’t show well and needs a lot of work. It will be very difficult to find a bargain that’s priced low enough to work as an investment. Bones If the numbers are right, it’s time to inspect the property. Ignore cosmetic issues. Pay attention to the bones of the home. Is the foundation solid? Is the home well built? Also, be sure to inspect big ticket items, such as the roof, furnace, and electrical system. Extensive repairs in these areas can really cut into your profit margin.   As you can see, there are several things you should consider when purchasing a property in order to resell it for a profit. Remember, you’re not looking for a home, you’re looking for a smart investment. The numbers must add up to a profit for you. For more information, contact local professionals like Keller Williams Realty River...

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Homes For Sale: 3 Ways To Protect Yourself When Hosting An Open House

Posted by on 7:44 am in Uncategorized | Comments Off on Homes For Sale: 3 Ways To Protect Yourself When Hosting An Open House

When selling your house, the best way that you can showcase your home to potential buyers is to host an open house. The National Association of Realtors found that 44% of buyers used open houses to narrow down which house they wanted to buy in 2014. Although hosting an open house can help you get more offers and attract more buyers, you are opening yourself to some risks. Here are 3 things you can do to protect your home and your belongings. Remove Valuables and Sensitive Documents Before staging your home, take the time to remove all valuables and sensitive documents. Store expensive jewelry or collectibles in a safety security deposit box or a self storage unit that you’ve rented temporarily. You also want to look around and get rid of any letters containing sensitive information. This might include your banking information, receipts or bills with your credit card information and any legal documents you have sitting around the house. This helps to prevent not only theft of expensive belongings, but also reduce the risk of identity theft. Track All Guests If security is a main issue with you, have your realtor track all guests that visit your house. This includes keeping a record of when the guests arrived on the property, along with their identity. If you are going to be out of town, you can have the realtor install a special lock. To enter the home for a showing, a licensed realtor must sign in electronically via the lock. You can easily determine which guests may have sticky fingers or may have damaged your property through these records. You can also customize the lock, so that only certain realtors are able to access your property when you’re not home. Install Security Cameras For further protection, consider installing security cameras throughout your home. These security cameras are connected to your home’s wireless internet and will store video recordings of the activities within your home to an online data storage platform. Install security cameras in the corner of main rooms in order to get a bird’s eye view of what’s happening inside each room. Conclusion A realtor will always be present in your home during an open house to ensure that everything goes as planned. They not only keep an eye on your house and your belongings, but are also there to answer any questions and concerns that potential buyers may have about homes for...

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2 Things to Look into When Buying Farmland

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One of the hardest types of real estate to buy is farmland, mostly because there are so many more considerations to keep in mind than if you were to simply buy a house. Listed below are two things to look into when buying farmland. What’s Included? One of the biggest things to ask your real estate agent about when buying farmland is what is included beyond the basic structures and the land. In many cases, the person selling the farmland may be willing to include a large portion of the farming equipment that is on the land as well. This is an important consideration because being able to include that equipment in the purchase can end up saving you quite a bit of money, mostly because modern farming equipment can be extremely expensive. In addition, the last thing that you want is to end up buying the property and counting on the farming equipment being included only to find out after the purchase is finalized that the equipment is leaving with the previous owner.  How Many Acres Can Be Farmed On? Another thing to keep in mind when buying farmland is that the amount of acreage that you can use to farm on may not actually be the same as the total acreage of the property. Sure, a house and other structures on the property are going to cut down on the usable acreage, but there could also be other issues that are cutting down on the acreage that you can use. For example, there could be sections of the property that are simply not fertile enough to support crops or that are subjected to frequent flooding that washes the crops away every time it rains.  In order to avoid these issues, you can always hire a service to come to the property and check the soil to determine how much of the land can actually be used for farming. You should also have someone come by and survey the land in order to tell you if there is sufficient drainage to keep the nutrient-rich topsoil from being washed away during a storm.  Speak to a real estate agent today in order to begin your search for your next piece of farmland. When considering buying a piece of farmland, it is important to make sure that you know exactly what is included in the sale and that you determine how much of the land can actually be used for...

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Maximizing Your Home’s Selling Potential On A Small Budget

Posted by on 2:03 pm in Uncategorized | Comments Off on Maximizing Your Home’s Selling Potential On A Small Budget

While selling a home is something that can be profitable endeavor overall, the preparations that come along with getting a home on the market can be more than sellers realize. While you’ll want to maximize your home’s appeal, you might not have a lot of funds to get your home ready to sell.  Here are four ways to get your home on the market without breaking the bank. 1. Self-Stage Options Your real estate agent might recommend going all out with a staging company, but if this isn’t in your budget, you still might be able to self-stage your home. Whether you are living in your home while selling or not, it is important to decorate each room with the original purpose (bedrooms as bedrooms, etc), and declutter your space down to just the basics. You can do this with your own furnishings and decor, as long as you stick to depersonalized, classic pieces that won’t draw unwanted attention. 2. DIY Preparations and Renovations While you might wish you could overhaul your kitchen or bathroom before selling, you might also be amazed what a few DIY touches can do to the overall appearance of your home. Knobs, pulls, and light fixtures can easily be swapped out to modernize a home. A fresh coat of paint on all walls to a basic color scheme, and freshening up wooden doors and cabinets with a bright white paint can quickly transform your space. 3. Utilize Budget Marketing Your real estate agent will be able to get your home up on MLS listings and show your home, but it can be hard to go the extra mile with marketing without the budget for this. Pictures are important, so make sure your home is clean, lights are on and, curtains are open to let in light if you are taking your own photos. Ask your agent about less expensive marketing tools such as their real estate website and social media outlets as well. 4. Up Curb Appeal in the Cheap Even if the inside of your home is ready for showing, if the outside isn’t looking its best, it might be hard to get people in the door. Laying down a layer of mulch over dead or dying grass can bring the appearance of your yard back to life. Paint your home’s trim and fencing if this is fading. Low cost hanging plants and flowers can bring a touch of landscaping to your space even if you don’t have a green thumb. Work with your real estate agent to get your home ready to sell while keeping costs low. If your agent has a realistic idea of what you can afford when it comes to marketing, fixing up, and staging your home, they can work with you to fill in the gaps and ensure your home will impress potential...

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3 Updates That May Help You Sell Your House Faster And For A Higher Price

Posted by on 1:39 pm in Uncategorized | Comments Off on 3 Updates That May Help You Sell Your House Faster And For A Higher Price

If you own an older home and would like to build a brand-new house to move into, you will probably need to sell your current home first. If this home is outdated, you may need to sell it for a price that is lower than what you hoped for, or you may want to invest in some upgrades for the home. Here are three important things people will be looking for when shopping for a home, and these are three areas you may want to focus on improving.  Central air conditioning One problem common with older homes is the heating and cooling system. If your home currently does not have central AC, it could discourage people from buying it. Central AC is something people want in a home, and there are several different routes you could take to improve this feature of your home. The first option is to add a central AC system and attach it to your existing ductwork. If your home does not have ductwork, you will have to pay extra to have this installed. If you do not want to go through the trouble of having ductwork installed, you could always install dual-split systems. These are like the type you see in hotels. They are placed in a wall and have controls on them. They are not the same as central air, but they are very similar and are extremely effective. Updated kitchen The kitchen is another area you might want to focus on if you want to sell your home. People looking for homes to buy will thoroughly examine the kitchens in the homes they view. They are looking for modern kitchens that have new cabinets and countertops, and installing granite counters is one of the best upgrades you can make. New roof, windows, and siding Another thing that can attract people to a home is finding one that has newer exterior work, such as a new roof, windows, or siding. If your home has features like these that are outdated, worn-out, or ugly, it can be a turn-off to buyers. Buyers will know that they will need to invest money into this house if they purchase it, and many buyers do not want to have to do any work when they buy a house. The would rather purchase a turn-key property that is completely ready for them. If you are ready to sell your home and need some tips for modernizing it, contact a real estate agent in your area...

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3 Ways To Make Money Off Unused Land

Posted by on 11:56 am in Uncategorized | Comments Off on 3 Ways To Make Money Off Unused Land

Whether it’s an empty field or acres of unused land, many are unsure what to do when they have too much of a good thing. One of the issues with having land but not using it for residential or farming needs is that there is little-to-no profit being made off of a potentially valuable resource. Luckily there are plenty of ways to make extra income off a parcel of land that’s not currently being used. Here are three things landowners should look into. Sell Mineral Royalties There are many valuable minerals and natural resources that can be found within the ground. For those who are lucky enough to have certain types of minerals, oil, or gas present on their property, a lot of money can be made with barely any work required. Most landowners also own the mineral rights to their property. An outside company can offer to lease the land in order to extract the minerals underneath. The company then pays royalties on the minerals or resources extracted from the land. These royalties vary depending on what’s being extracted and the current market conditions. Oil and gas royalties are often around 18% to 25% of the oil or gas company’s profit. Billboards For those who have property that is next to a major highway or thoroughfare, billboards are a great way to make extra income on land that’s not currently in use. There are two ways that this can be done. Landowners can lease their land to an advertising company who will then do the work of finding clients. They can also construct the billboard themselves and look for clients without the aid of an outside company. These billboards can easily bring in up to $4,000 a month and are a great way to make income without much work. Parking Another way to make money off land not currently in use is by converting it into parking. This often works best in highly-populated areas such as cities but it can work in any area. Those who have land near convention centers, stadiums, or other large venues can convert their land into overflow parking and make a profit during big events. Not much is needed to make this happen. The land just needs to be mostly flat, free of debris, and have designated spots for parking. Unused land is something that can be used to make money. Landowners should first see if there are any valuable minerals or other natural resources on the land. Mineral royalties can be incredibly lucrative. Selling advertising in the form of billboards is also a great way to draw in extra income. Creating parking can also bring in more income, especially if the land is located in a high traffic area. For more information, contact Appalachian Mineral Partners or a similar...

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5 Ways To Improve The Chance Of Your Home Selling Quickly

Posted by on 2:42 pm in Uncategorized | Comments Off on 5 Ways To Improve The Chance Of Your Home Selling Quickly

If you are trying to sell your home, there are multiple things that you can do to improve the chance of it selling quickly. Here are a few of them: Hold an open house. By holding an open house, you can increase the number of prospective buyers who see your home. During the open house, you have a chance to present your home in its best state. Be sure to depersonalize your space by removing family photos and other items that suggest that the home belongs to your family in particular. These items can make it difficult for buyers to envision the home as theirs.  Additionally, be sure to rid your home of clutter and mismatched furnishings that can make buyers question the quality of your house and the size of its living space. Have your yard professionally manicured. A beautifully landscaped yard can draw the eye of prospective buyers. It presents the first impression of your home, but this can be good or bad, based on the state of your property. Overgrown foliage that hides the architecture of your home should be removed. For visual impact, consider planting colorful flowers if the season permits.  Get a new mailbox. An old mailbox can detract from the look of your property. The purchase of a new mailbox does not require much money, but it can make your front yard look more polished. Additionally, it can help your property look up-to-date. Look for a new box with a neutral color, such as black, and a shape that is complementary to the architectural lines of your home.  Have your home professionally cleaned. Like a detailed automotive cleaning, a professional residential cleaning can make your home look like a showcase. Often, a professional cleaner will clean areas of your home that you may normally neglect, such as ceiling fan blades. The removal of dust and dirt can ensure that your house is viewed as sanitary. Consider having your carpets cleaned as well to help minimize old odors in the home. Repaint your home in neutral tones.  If your interior walls are painted in colors that are unusually dark or bright, it is probably based on personal taste. A more neutral color palette can help make your home more inviting to a wider audience.  Look for shades of taupe or white that match the furnishings and woodwork of your home.  For more measures that you should take to maximize the appeal of your home to prospective buyers, schedule a consultation with a real estate professional in your area. For more information, visit or a similar...

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4 Tips For Selling Your Home In A Slow Market

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National and global financial issues lead to slow markets. When this is the case, you may find your home up for sale for months or, in some cases, years. With these four tips, you should be able to improve your chances of being able to SELL your home. S is for Scoping Out The Local Market You may have a selling price, but that doesn’t mean you will get offers in that region. In fact, setting the selling price too high can lead to not getting any offers at all. Undervaluing is just as bad, as you run the risk of making your home look like a financial black hole. Take the time to research the local market, finding out what other homes have sold for. The more you know, the better your asking price will be. E is for Extracting the Best Agent It’s tempting to go it alone or get the cheapest agents, but neither of these will help you in a slow market. You want agents with a trusted reputation and who have managed sales in slow markets in the past. Research and talk to people in your area to find out who they used. Ask for recommendations, and keep an eye to the ground for the best offers. When you are discussing your home with estate agents, find people who are excited about getting the home on the market. You want agencies that can answer all your questions, including where they will market your property for more exposure. L is for Listening to a Home Inspector You don’t want to spend more money than you have to on the home, but this is one of those costs that can help. Buyers don’t want to end up forking out extra money after the sale. They need their money for legal fees, mortgage payments, and insurance rates. If your home needs some repair work, consider doing it. This is especially important for the minor, cosmetic problems that will make your home look perfect. You don’t need to replace the whole bathroom, but do repair work to the tiles, for example. L is for Love Finally, go the extra mile to make your home look like the dream home for viewers. Home staging will get rid of the clutter and rearrange your furniture to make it look just right. A few changes will help rooms look bigger and give each space a purpose. It may not be what you use it for, but just what the viewers need to put in an offer. You should be able to SELL your home must faster – even in a slow market – if you just remember these four tips. For more information, contact local professionals like #1 Properties of...

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How A Property Management Company Boosts Your Profits And Keeps Tenants Happy

Posted by on 10:43 am in Uncategorized | Comments Off on How A Property Management Company Boosts Your Profits And Keeps Tenants Happy

If you are an individual who has invested in property, you may start off trying to manage the property on your own. While this can be done for a while, it will become stressful if you have another job you have to focus on. As an investor, you probably aren’t interested in a full time job as a property manager. As you look to grow your investments and are considering another property, it’s important to have a solid property management company in place in order to make your investments as profitable as possible. A Property Management Company Virtually Pays for Itself While you will pay a property management company to take care of your property, this is money well spent. A good company will be able to keep your units full, collect rent on time, and screen tenants so you have solid, responsible tenants in your units. The money earned from having units full instead of multiple vacancies easily pays for the services of a property management company. Consider that the money you pay a management is part of your investment, and your overall profits will be similar or higher than if you managed the property on your own. Easily Respond to Emergency Maintenance Requests If you’ve tried managing your property on your own, responding to emergency repairs can be a nightmare. Time spent looking for someone to do the repair, or even trying to complete the repair on your own, are all time wasted when you are the property investor. With a property management company in place, emergency requests are handled easily. They will have maintenance people on call, ready to respond to any emergencies so that you don’t have to worry about it. Tenants will know that you care about their well-being when emergencies are responded to right away. Once Your Property Is Well Managed Once your property is full of tenants, and solid management is in place, you now have the time you need to move on to another investment property. As a property owner, the best way to grow your investments is to continually look for opportunities where you can purchase more units. Without the stress of having to manage your property, you can spend your time looking for investment properties that meet your criteria. As you work with your property management company, such as Choice  Maintenance Group LLC, you will also learn if they can handle another property if you decide to purchase...

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