Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.

Monthly Archives: March 2016

Finding Your Why

WhyIt is important for one to first understand “why” you should invest in real estate. Because once you understand “why” real estate investment is the best vehicle of wealth creation then “how to” is the easy part. It is the “why” that will provide you with the motivation and energy to invest in properties.

The saying that ‘you make money when you buy’ and not at the time of selling is something that is continually proven. By investing in real estate after gaining a bit of knowledge, you can buy properties that are 10 percent, 20 percent, or even more below market value. Using real estate comps to assess your purchase amount affords you your profit in the end.

Researching and making real estate comps work for you on each deal helps to build your business. People invest in real estate for the ability to make substantial profits. Whether they want to use the fund for deals, retirement, or other reasons, everyone has a why.

Find your ‘why’ and let InvestorCompsOnline help your secure the ‘how to’ towards the future of your business.

 

Location, Location, Location

Location“Location, location, location,” is generally what you hear is the most important factor when selling a property…just as having solid real estate comps is important when you are preparing to buy. However, it’s not all about location. There are actually three variables that determine whether a property sells or not: price, condition, and location.

Of the three, location will be the least important since it can’t be governed by anybody. Unless you have a large crane to move the property, you must recognize location as a fact and move on to the two variables you can manage.  Price is the most important element of selling. Sellers always ask the question, “What can this property sell for?” The answer is simple.  It will sell for about what homes of similar square footage, style, amenities, and in similar sub-divisions (similar comparables) have sold for lately. Your current price should be based on the reality of comparable home sales, not on what you would “like to receive” or think you “have to get” for your property.

Condition is the final area that affects your house sale. In other words, price is by far the most important aspect of selling. Consult any agent you meet what the number one reason may be for a house not selling and, if they are genuine, they’ll tell you, “Over-pricing because of the seller!” Agents all know that the right price will cause any home to sell, no matter what location or condition.

In case your house has not sold as result of location, change the purchase price and it will probably sell. If your house hasn’t sold due to condition, either correct what’s wrong, or alter the purchase price until it does sell.

Using Real Estate Comps To Sell

Using Real Estate Comps To SellProperty investors have more choices and more room to negotiate than ever before. The key to finding just the right property, for just the perfect price, is all in the real estate comps.

Many investors live and breathe by comparable or comp sales. These sales represent the homes in a given area, their total square footage and amenities, and the sales price recently achieved by that property. Other factors taken into consideration when analyzing comp sales are the lot square footage, the age of the home, and the extras thrown in during the sale.

Real estate agents are not the only ones who use comp sales to their advantage. Using this information, the investor can approach the seller with a “deal.” The buyer may choose to offer the seller a price just below the comp sales in the area. No matter how far off the price is from the sellers listing price, the buyer has the upper hand. The financial obligations of keeping a home on the market for extended periods of time are often enough to push the seller into a low balled sale.

A floundering real estate market is what is called a “buyer’s market.” It is the best time to work property deals. Patient sellers know, the tide will eventually turn and the sale of the home will become profitable again, but this can take years and some sellers just do not have that amount of free time and extra money. That’s when using the real estate comps information to make your profit when you buy comes into play.

The Right Investment Property

real-estate-investingFinding the right investment property is as important as any type of business venture. There are many types of property investments, calling for diverse strategies and styles. You don’t necessarily have to be a property developer in order to buy investment properties – just staying abreast of current real estate comps will give you a leg up.

As with any investment endeavor, investing in real estate entails risk. In order to prevent losing in real estate, first do thorough research to know whether you are investing wisely.  Remember that buying property is an important investment, so closely inspect the property before buying it. You need to take into account the market value of the property as well as the state of the property itself.

For a great number of real estate professionals, selling investment properties for the right price is the ultimate goal. In order to sell a property at a maximum value, it’s important to make sure that the property is in top condition. Remember that your purpose in investing in real estate properties is to gain profit, not to spend a lot in order to lose a lot.

Stages of Foreclosures

Charleston ForeclosureThere are three stages to a foreclosure. The first is the pre-foreclosure stage. This is where the homeowner falls behind on their mortgage payments and they are issued a formal notice that their mortgage servicer has begun the foreclosure process. Prior to a foreclosure being completed, the homeowner can sell the property. If there is no equity in the property, the house could be sold as a short sale. The second stage of a foreclosure is when the home is sent to auction. At an auction, the highest bidder may purchase the house. The bank which holds the mortgage may also bid on the property. If the house is not sold at auction, the bank by default takes ownership of the home. The final stage of a foreclosure is when the bank that owns the property puts the house up for sale through a real estate agent, or the bank may try to sell the property directly to the public.

There are several benefits to purchasing a bank-owned property. The most obvious of these is the property may be offered at a cheaper price than other similar properties. The longer a bank holds onto a repossessed property, the more money they will lose. So it stands to reason they will sell any repossessed properties as quickly as possible. Although bidding on a bank-owned property will require patience, it is often easier to negotiate with the bank, than an individual owner. The bank will usually make decisions based strictly off of the home’s value. Another benefit to purchasing a bank owned property is that they are vacant. This allows for immediate renovations or rehabbing.

Taking advantage of the foreclosure process and knowing what to look for helps you as you move forward. Working with the most current information and real estate comps data from InvestorCompsOnline affords you a sure profit with each deal.