Things To Know Before You Invest In Real Estate

The goal of any real estate investor is to earn as much as possible with minimal risk. This is only possible if you know how to make smart choices. The following three things make for an excellent real estate investment to help you get started.

Firstly, you need to find a good return. Real estate is an illiquid asset that requires you to minimize on your liquid assets. What you should look for is to get the same or similar rate of return. This means that you should find a true cash flow property, and not a money pit.

Your investment should also be as low risk as possible. Real estate is never risk-free, but some have much higher risks than others. If at all possible, avoid tenant-in-common options, fixer uppers, real estate development and private real estate funds. It is highly unlikely that you will ever see a return on these options. It is much better to look for interesting properties that are wholly your own. These decisions should be made based on research and analysis, as well as due diligence. Next, you need to find a property that doesn’t require a lot of management or time. Hence, you don’t want to invest in a holiday home, a college home or a property in a bad neighborhood for instance. You should look for properties that people with good credit profiles will rent for extended periods. You will only be able to achieve this, however, if you also commit to being a really good and respectful landlord. All properties will have some sort of issue at some point, but this should be manageable so long as you deal with them quickly.

These are the great properties you should look for if you want to invest in real estate. You want a property that requires minimal maintenance and management. Unfortunately, finding these properties can be quite difficult. You need to be able to invest a lot of time in order to find these properties. You need to research and analyze and look into the available options. Generally speaking, when someone wants to invest in real estate, they just want to get started straight away. You should never invest in something that isn’t as secure as it can be, even if you have been waiting for a long time. Unfortunately, a poor investment decision in the world of real estate can be incredibly costly and it will be hard, if not impossible, to ever see a positive return.

Want to Sell Your House Faster? Here Are Some Ways to Either Rent or Sell Your Home Faster, and For More Money

Many individuals have been investing in real estate these days. That being said, if you plan to sell your house, now is a popular time. You should realize that selling a home can be particularly challenging. Many articles tend to make the selling process seem like a breeze. Many suggest the notion of lowering the price below its value in order to sell it quickly and encourage a bidding war. In real estate, supply usually surpasses demand. Not to worry, real estate offers several techniques that can ensure you to still sell your home. Read on to find out some of the ways you can successfully sell your house.

Curb appeal

First impressions last a lifetime. You’ve only got one chance to captivate a buyer. Even a renter. They’ll judge whether or not they want it based on the outside, and what they see right when they walk in. Knowing this, you should do whatever you can to clean up your yard (and side yards), and spruce up your entryway. Never underestimate the power of new paint when it comes to selling or renting a home. You should walk up to your home as if you were a stranger, so that you can realistically judge what needs to be done.

Make necessary improvements and repairs

No home is perfect at any given point in time. If you want to sell your house, you need to make the needed repairs and/or renovations. The interior and exterior need to be in tip-top condition, or else a buyer will walk. Of course, this doesn’t mean you need to renovate the entire kitchen, or landscape the entire front yard. It just means that you need to have the home in selling condition. Ask your realtor what improvements would make a significant difference in the sale price.

Don’t forget to depersonalize

You never want to design a home before you sell it according to your own design taste. Decorating is extremely personal. If you spend money decorating around a specific aesthetic, you’ll probably lose that money as the buyers are going to want to change those things. They’ll look at your “improvements” as a drawback. For example, wallpaper. Don’t spend money putting wallpaper in a home you are trying to sell. Most homeowners these days can’t stand wallpaper. Be sure to remove any family photos, collectors items, or anything that screams “you.” Your home should be a blank canvas.

Price your home competitively 

If you want the house to sell, you’ll want to price it correctly. Pricing too low, or on the other hand, too high, will lower its value to buyers. Pricing is one of the toughest parts of selling a house. Realize that most buyers are relying on a loan, so you don’t want to price the house at such a price that will make it impossible for the general buyer to make the mortgage each month.

Hire a real estate agent

Selling a home alone sounds like a great idea, in theory. You don’t have to pay commission, you have control over buyers, you don’t have random people in your home without you there. Bear in mind that going “for sale by owner” is a mistake, most of the time. There’s a reason that the real estate profession still exists, though many try to argue it. You’re likely to get less money for your home than you would if you used a realtor.

Listing Your Home Online? Read Here to Find Out How To Get Your Home Sold Fast By Nailing The Photoshoot

Photos are extremely important when it comes to selling a house. The photos must be impeccable. If they aren’t, buyers are going to skip over your house. Wouldn’t you? In regards to purchasing j70f6a92a27325dd5401b1194bb95bc65ust about anything, photos are crucial. Think about it. Even when it comes to auctions. People look at catalogs to see if there’s anything in it that they like. If the photos are terrible, they simply won’t go to the auction. You must figure out how to make your house look phenomenal in photos. Buyers go to the internet to begin their search for a house. If your photos are bad, your listing is not going to get any attention.

The first mistake sellers make in their photos have to do with the lighting. It is hard to photograph a house when you are fighting the sunlight. The sis why you must wait until the right time of day. Usually, this is very early in the morning, or almost before dark. This is really going to be trial and error. Take a day and photograph throughout it, to see what lighting works best. Perhaps you’ll want to choose a cloudy day. It will all depend. Each home is different, and has windows facing in different directions, so it is hard to give a general rule of thumb. You may even want to use the “flash” setting on your phone.

Always pick up any clothes, pet toys, or papers before taking the photographs. The home should be clean. Buyers don’t want to look at your mail on the kitchen countertops. On the topic of the kitchen, make sure to put away all appliances such as the toaster, blender, and coffee maker. The only thing you should have on the counters is perhaps a ptraditional-master-bathroom-with-rain-shower-i_g-IS-p5mq4xk8e5wd-YcMlsretty bowl of fruit in the center of an island. Read: Avoid These 9 Real Estate Photo Mistakes.

Make no doubt about it, the bathroom is always a difficult room to photograph. The mirror and sharp angles can make it very difficult. Even a big bathroom, is hard to show the size in photos. Bathroom pictures tend to make the room look smaller than it is. You’ll need a certain type of camera, and you’ll also need to try dozens of angles before you get it right. Be sure that your reflection, and the mirror flash, don’t show in the photos!

dog-house-1It can also be very hard to keep the focus of the pictures. Consider using a tripod. You do not want blurry pictures! It is very hard to get clear photos, which is why you might want to use a stand, as it is nearly impossible to keep your hands fully steady when taking the pictures.

Do not have your kids or pets present in the pictures. Buyers do not want to see your dog, cat, or toddler. One of the reasons is that if a buyer sees a small child in the pictures, they’re going to assume that the house has flaws from him or her. For example, drawings on the walls, or muddy carpet stains from the dog.

You should definitely edit your photos, but there is a fine line. You don’t want pictures photoshopped so much so that the house looks completely pixelated. That can make it difficult for the buyer to imagine what the house really looks like. They’re also going to wonder why the photos needed to be edited to that extreme. For further reading, see: 7 Biggest Real Estate Photography Mistakes to Avoid.

Want To Sell Your Home? You’ll Want To Read This: The All Inclusive Guide To De-Cluttering Your House.


How to Make Your Home Sell Faster By De-Cluttering

If you want to sell your house, getting rid of clutter is the fastest way to do that. Realize that the front yard and the walkway of your home is going to be what determines the buyers’ initial impression of your home. If your front door is chipping, or extremely worn, consider repainting it. Decluttering can be scary; you’re going through piles and piles of things that you never “got around to” sorting out, and now, you must do it all at one time. Below are some tips to help you sell your home fast, by simply de-cluttering it.

yard-makeovers-for-lessReplace the front door knocker, the door knob, and any and all other worn hardware. Consider setting up a seating area where buyers can sit to talk about the house. If you are selling your house during holidays, use decorations which can cause the buyer to make an impulse decision based on the “feeling” people tend to get during the holidays.

Exterior Suggestions

•If you can, create an outside focal point to draw buyers’ attention to landscaping, such as planting colorful flowers.
•Make sure sidewalks are free of debris and trash.
•Fix broken fences or gates.
•Keep gardens fresh, and the lawn mowed.



•Clear counters of small appliances.
•Pack rarely used appliances (crockpots, pots & pans)
•Pot racks, utensils hanging on walls and other open kitchen storage can be unsightly and even dangerous.
•Pack away rarely used staples and gear like seasonal cookie cutters, extra aprons, and unusual spices to air out pantries, drawers and cabinets.
•Remove evidence of problems, such as mothballs in closets.

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•Find a different or temporary home for jewlery, perfume, and rarely used toiletries. Read: Declutter Tips for Sellers.
•Pack or toss all but three changes of linens to create an airy look in your closets.
•Refresh shelf and drawer liners.
•Remove evidence of mothballs.
•Clean and repair grout.



•Pack out-of-season clothes and linens and store off-site.
•Choose a pretty, light set of linens for each bed, with crisp decorative pillows. Oh, and make sure they are clean!
•Pack away family photos.

Living, Dining & Family Rooms

•Clear out stacks of magazines and hobby materials. Stacks, even if neat and straight, add weight and visual clutter to rooms.
•Clean the window treatments and the windows.Unknown
•If your walls are covered with attention-grabbing artwork, shrink your arrangement to a tasteful few.
•Examine walls and woodwork for dirt and chips.
•Choose only a few pillows for accents.
•Make sure you have a safe, consistent landing spot for TV and sound system remotes, far from the hands of children.
•Limit the number of toys kept in any room, and create a place where the remaining toys can quickly be collected, such as a large basket. See: How to Declutter Before an Open House.


Buyers Frequently Annoy Sellers Without Even Realizing It. Follow These Pointers To Avoid Irritating The Owner

Sellers put in a whole lot of work when selling their homes. So, when you don’t show up, its a big deal. They spend a lot of time cleaning up their house (sometimes even hiring professionals), bring their kids to a babysitters house, and spend money to board their pets. When you don’t show up, they’ve wasted a few hundred dollars that day. And then, are expected to spend a few hundred more for the next time when you actually go. Unless it is an absolute emergency, there is no faster way to anger a seller than not showing up for a viewing when you say you are going to. e88d531e6ca565b60b5f04b91ef169da

Making Yourself At Home Too Fast. Don’t act like you run the place when you go to view it. Don’t make yourself at home, quite yet. If you’re hot, don’t run over and change the thermostat setting. Don’t go into any rooms that say “do not enter.” If the seller requests that you take off your shoes, do so. Many sellers have some “house rules” set for viewings. It is rude to not follow any rules.

Constantly Complaining. Don’t spend hours complaining about minor issues. It’s only necessary to establish that you don’t like the living room paint one time. Do not go on about it for five hours. It’s incredibly redundant, and you’ll really irritate the seller by doing this.

Having An Endless List of Perceived Issues. Don’t create a long list of problems with the house. Of course, you should write down any of your concerns with the home. But adding unnecessary complaints and ridiculous demands is just flat out annoying. If you don’t like the color of the baseboards, that’s not something you should mention for an hour, and demand that the seller re-paint all the baseboards in the home, for example. After you write your list, give it to your agent to proof-read. Chances are, he’ll want to nix much of what you’ve written down, or at least re-word. Read: Home Buying: How Do I Deal With a Difficult Realtor.09385f4b8b9b279e1f454552d6cc887a

Scheduling Numerous Visits. This happens time and time again. Some buyers think that if they’ve committed to purchase, then they are entitled to accessing the home whenever they wish. This is the time when the sellers are trying to get the repairs done amongst packing and moving. The best time for a visit would be when the inspector is there or during the final walkthrough before closing.

Renegotiating After the Negotiation. When a buyers agrees on a price but then repeatedly demands concessions and discounts, it can drive sellers nuts. Buyers need to realize that with an existing home, everything is not going to be perfect. Sometimes the buyer’s bank will send a letter to the seller stating that financing is conditional on a list of things that the borrower must do. This puts the sellers in a difficult situation as they are unaware of what’s on the list or how long it is. They are now unsure if they have a commitment and don’t know if they should go ahead and move or not.        

Pushing the Closing Date Forward. Buyers are usually trying to time the closing of the purchase to their own schedule and this is extremely common. It can be annoying to the seller when the buyer wants to close before they are ready to move out. The closing date should work for all parties. The buyers and sellers need to coordinate a schedule, but still be respectful to each other. For further reading, see: Six Ways That Home Sellers Drive Homebuyers Crazy, and: 5 Ways Homebuyers Make Their Agent’s Job Harder.

Hot Topic: Earnest Money. What It Is, How Much To Put Down, and When (And If) You Should Lose It

The topic of earnest money is always a hot issue. Many buyers wonder how much they should put down, and they also wonder why they have to put money down at all, when they haven’t even gone through the closing. But most of all, a buyers main concern is whether or not they’ll ever see that money again if something goes wrong. You should know, that if the seller has gotten multiple offers, and their house is very likely to sell regardless, they more than likely won’t try to keep your money if you back out, as they’ve got plenty more buyers where you came from. However, if the seller is desperate, and you’re the first buyer they’ve seen all year, it’s another story. See: What’s the ‘Earnest Money Depsosit’ On a Home Purchase?a58d4bd4fbffab03c7c5e8a7c016cea2

Any time you look to purchase a house, you’re going to have to put down a deposit. This is to show the seller you are serious, and, to secure the deal. When deciding how much to put down, you should ask yourself how much you’re okay with losing, should something bad happen. When writing the check, assume that you aren’t going to see the money ever again. In other words, determine what you’re willing to lose.

Usually, it will be either the real estate broker or a closing agent who holds the earnest money deposit. Make sure that they honor any and all of your rights before you hand over the check. Ask whether or not you will have a right to cancel with a refund. If you want to include an inspection contingency, you need to let them know that. Write a clause stating that if a, b, or c issues arise with the inspection, that you’ll get your deposit back. Be very clear regarding contingencies and earnest money. Read: The Earnest Money Deposit: What You Should Know.earnest-money-deposit-hero

Never rely on the finance contingency as a reason to change your mind. If you can’t get financed for the house, you shouldn’t expect to get your earnest money back. It’s not the sellers fault that you didn’t find out whether or not you could even get approved for the loan before you put down a deposit. That is your responsibility, and you can’t use that as an excuse if the bank won’t approve you. Never put an offer in for a home if you haven’t first found out whether or not you can buy it!

If you change your mind about buying the house, realize that it is likely you will lose your deposit. After all, thats the whole point of earnest money. As with most things in life, a deposit is forfeited when you do not purchase whatever it is you put down the deposit for. Deposits are meant to protect the seller.