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Hard work in the real estate business

Posted by on Jul 16, 2016 in Professionals, Purchasing, Tricks | Comments Off on Hard work in the real estate business

Thousands of angry people, many lawsuits, shattered dreams and individual tragedies repeatedly warn people that while purchasing real estate options, you need to be careful. Sometimes, expensive misfortunes occur because the purchaser desires to acquire as economical as probable, from time to time out of unawareness and greed, but there is a reason for the willingness of the cunning sellers, while they are trying to cheat you. Therefore, there is no need to rush into the doubtful and unconfirmed dealings no matter how material goods appeared tempting and just when you think that all papers about the real estate look normal, you should know how to interpret those documents, or having a guy just for those situations.

business-documents

blog2.0Purchasing real estate is not a simple or easy job, so you should consult with people that are dealing with this professionally. The best thing for you is to work with the professionals to discuss the deal. Tell them on the first meeting that you want the right person for this job so that they could take you seriously from the first minute. The best way to find a right person or proper agency is by just simply asking around. A good recommendation is the best way of finding good professionals and rule stand in every aspect of our lives, not just in real estate. People are making the same mistake all over again because they don’t want to pay agency’s rightful commission. In the primary gathering with the organization, the customer must sign an agreement that will guarantee to the realtor that his advice will be rewarded with a commission. Agencies will charge you what they think you should pay them, and the fee is about one and two percent of the possessions value. Their commission is not some fraud. Professionals, charge their regular fee, and that fee depends on how paperwork you will provide them. If they have to do all the hard work, then they will charge you more.

Hire-Agent-PhotoYou are now probably aware, why professionals are the best options in the real estate business, but you don’t have to stay calm and do nothing. There are plenty of things you can do yourself, no matter if you that because you are hard working, and you don’t like to be lazy, or if you just want to do more things yourself so you could give less money to the agency. So you could gather all papers and documentation that are needed. If you don’t know what are documents you need to find, and then look here. You will need to find:  certificate of ownership, owner’s contract, history of the real estate (when you buy real estate, it doesn’t have to mean that the seller was an original owner)… However, if gathering documentation is boring to you, then there are other things you could do, like for example checking the condition of the property or if the bills are paid.

So you see, it’s not just buying options and selling options. A lot of work is needed to be done before you decide to buy or sell some real estate.

 

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Real Estate Tricks

Posted by on Jul 16, 2016 in Professionals, Tricks | Comments Off on Real Estate Tricks

Real estate business is quite tricky, and not everyone can do it. In order to profit from it, you have to know a lot about the business itself.

But despite being tricky and sometimes unpredictable, a lot of people are joining the business and profiting from it.

There are many ways from which you can profit in real estate. You could, for example, buy a house, do some work on it and sell it for higher profit. You could buy a house and rent it. You could even buy raw land in a fast-expanding city and wait for the developers to come and offer you a lot more money than you previously paid for it and so on. But to do these things, you need knowledge.

If you currently live in the USA, more precisely New York, there are so many successful real estate agents, and this successful New York City real estate agent, can help you make a fortune. So don’t be intimidated by successful people, or even worse, too proud to ask for help because if you don’t, you might end up regretting it.

But, onto the title of the topic – Real Estate Tricks.

First of all, if you are currently in a buying phase, know your limits. Do not overreach. In many cases, the bidding on the house gets out of hand, and the prices get inflated, a lot. No matter what your purpose is, either reselling or living there, do not get caught up in the spur of the moment. You might lose a lot of money if you get too headstrong on buying that specific house. Instead, look for comparable houses in the neighborhood which have the access to the same schools and amenities that you find desirable.

drop-home-price-1Secondly, if you are a seller, make sure to know exactly how to play the market. For example, if you think that the fair price for the house you’re selling is around two hundred thousand dollars, put it on a market for something like 205 thousand or 210. This way when the buyers come and start bargaining, you will be able to lower the price and get what you wanted from the start. However, if you overprice it and put a price of 250 thousand it may get stale and you won’t be getting any offers at all.

real-estate-web-designNow this third trick is quite important. The typical real estate agent’s commission fee is 6%. If you agree on anything lower than that, the real estate agent might even lose interest in showing your house due to how low he will be getting paid if he sells it. Now, this is a really important thing because your house will take significantly longer to sell. Put yourselves in their shoes, if you could earn, let’s, on one house ten thousand dollars, and on another one five, which house would you put more work into?

On the other hand, when you’re selling the house, isn’t it more important for the house to be sold than to save maybe a few grand

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