Archive for the 'How To Sell Properties' Category

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When you start investing in real estate, chances are good that you’ll find plenty of information about buying homes; learning how to sell properties is a little bit different. Still, for those who are looking to create wealth by investing in real estate are going to want to understand that there are a few things that can help to make a flip more successful - in other words, there are some great tips to follow when you are going to buy and then sell properties.

  1. Be sure that you are buying in up and coming areas. When there are going to be major improvements going on in a neighborhood in the not too distant future, you’ll have the best chance to sell high.
  2. Don’t start out with the most beautiful house on the block. When you’re selling properties, none of the buyers need to know what it looked like when you bought it.
  3. Have a sense of who you will be selling the property to. Choosing the right home is important; knowing who will be buying it is essential too. For example, if you know that you’re gearing up to sell a home to a young couple with kids, make the home kid friendly and ready to meet their needs without them having to do much work.
  4. Know which updates you can make that will increase the value the most (in many cases, these are going to be bathroom and kitchen updates). In other words, when you’re flipping properties focus on improvements that will give you the most bang for your buck.

Last but certainly not lease: make and stick with your budget. The money that you make when you flip properties isn’t really going to be coming from the sale exclusively; your profit comes from getting a great deal, sticking to a budget and making the right choices every step along the way.

While a great deal of real estate investing advice is focused on finding the right properties to buy, it’s essential to know how to sell properties as well. Because the homes that you’re buying aren’t really going to be staged - in many cases you’re going to be looking into short sales and working with the banks more than you’re looking at homes that are on the market - that means that there’s more that you’re going to want to know about getting things “just so” so that you can draw in the buyers.

Clean is beautiful.

At this point, however, it’s important to keep in mind the cleanliness of the outside of the home. Pressure wash the driveway and the siding. Clean the windows. When someone is looking for a home to call their own, one of the things that’s most important to them is that knowing the place isn’t going to require a ton of elbow grease.

Curb appeal.

Part of the reason why you’re going to be looking at cleaning everything up is to create the right appearance for the home - something that will draw in prospective buyers. Creating curb appeal is the next step in the process. Grooming the lawn, improving the landscaping, getting rid of any overgrowth: again, all of these steps give you the opportunity to make sure that buyers like what they see even before they make it inside - making it easier for you to sell properties.

Fix up the inside.

If you’re going to hope to sell properties, it’s important that once they are inside prospective buyers are going to like what they see. When you’re able to add a fresh coat of paint, buff the hardwood floors or replace the carpeting you continue to reduce the amount of work that a buyer will need to do once he or she makes the purchase.

Stage the home.

Home staging is a way of making an empty house look like a home. Even if you just rent furniture for the open house, showing that the home is a place where people can live will help you to sell.

In all of these cases, the reality should be clear. Selling properties - on a lot of levels - means making an effort to ensure that prospective buyers like what they see. Their first impressions can make a really big difference to your real estate investment profits.

Not all real estate investment wealth comes from flipping homes - though for those who start to think about real estate investing as a career, flipping homes is something that they see as a great entry into the business. No doubt this has a lot to do with the variety of flipping shows that are on TV these days.

Anyway, a lot of the process of investing in real estate is all about finding great bargains; the wealth - the cash flow - comes from making sales the right way. That’s right: selling properties is a key element of having a successful flip.

Selling properties has a lot to do with the real estate market; you need to know that you will be able to make the sale. It’s also a good idea to have an idea of who your ideal buyer is going to be.

When you have a sense of what the buyers will be like, it’s easier to visual the upgrades that you will need or want to make in order to make the home more appealing. When you are able to visualize the type of buyer who will be interested when you’re selling a property, it’s easier to create curb appeal and an interior blank slate that will catch and hold their attention.

Simply put, in order to sell properties you need to understand what home buyers are looking for (keep in mind, they are looking for different things than you, as an investor, are looking for). When you do, you’ll find that selling (and, in turn, making money) becomes a lot easier.

Wouldn’t it be great if you had a supercharged buying and selling ‘machine’ that brought you in profits every single month.  Can’t you just visualize that JOB fading in to the sunset?

I did and I want to share with you a system for making that a reality.

As most of you know, I am a technology buff – meaning I love employing technology to do as much ‘work’ for me as possible, and then delegating or outsourcing the management of that to a reliable team.

So, I find the best software (or develop it!) and then choose team members that all have their valued positions and play them well – and sometimes I even have 1st string and 2nd string team members. 

It is really the only way to (1) get it all done, but more importantly (2) it is the only way to grow your business.

When I found out that my guest, Larry Goins, for this teleseminar was regularly selling 10-15 houses every single month and never looking at any of them – not even driving to see any of them, I had to get him to tell us how.

Listen to the replay of this teleseminar now – if you want you can even download it to listen in your car.

Best of Success,
Michelle Odessey
michelle@investorwealth.com
770-338-2797 10a-5p M-F

 
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The ‘buzz’ of investing in real estate always has some key ‘hot topics’ associated with the conversation:  ‘long term wealth’, ‘great cashflow’, ‘financial freedom’, and ‘cash in on the foreclosures of the mortgage meltdown’ just to name a few.

Then there is the reality about it all - - (1) Absolutely you can gain and secure long term wealth, (2) depending on how you evaluate the deals before you do them – you will get great cashflow, and (3) financial freedom is the ultimate goal, however, if you do not treat, and respect, the real estate investing business, AS A BUSINESS, what you will have is a job-like experience with that ultimate goal not getting any closer to you.

I really encourage you to listen to this teleconference I did with Charles Petty (the Audio MP3 Play Now link is at the end of this post here).  It will truly open your eyes to new possibilities and to the ‘business’ of making $10,000 or more in the next 30 days – and doing it consistently – and having time for your family, hobbies, AND vacations.

By the way, at the end of the teleconference, Charles mentions a money-making opportunity that you can still take advantage of here on InvestorWealth.com because you listened to it here. 

You can Find out more information about this program,
Or
You can GO NOW to the ORDER-IT-NOW Page.

Best regards, - Michelle  - -

 
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I wanted to share a topic that came up today as a result of a short, but to the point email I received today. SO. I am going to post that email AND my response. - - Let me know your comments.

Writer:

Dear Michelle, Your last advice to offer 100% financing to prospective buyers cost me $450 in advertising with 0 results at a time when that amount might as well have been $450,000 as I’m in foreclosure. I’m sick of this.

My response to her:

I want to thank you for taking your time to email me.

Your email lets me know ‘there are’ investors out there willing to go in to the trenches.

You did say that my ‘last advice’ was to offer 100% financing.
Are you speaking of an issue of our newsletter?

Anyway, Tell me about the property or properties you were using this ’selling’ technique on And, tell me where you (or the property) is.

I know how frustrating it can be to budget advertising/marketing and have it return 0 results.

What is amazing is that some marketing techniques - - - like using the newspaper - - - work terrifically in some areas and completely bomb in others.

When Richard and I started RE Investing we did exactly what we were told - at each interval of our learning. FIRST, we were told to use the newspaper to find sellers - we used the ads we were given. Now let me tell you, we ‘KEPT’ doing the newspaper ads because the people that were teaching us told us that was the way to do it.

RESULTS: A Big Fat Zero. WHY, Because

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A Land Contract is the same as an Agreement For Deed or Contract For Deed.  It is a contract between the buyer and seller of a property, where the “seller” holds the title or deed to the property until all agreed payments have been made in full.  Think of it like a car loan.  You get a loan on your new car. The car dealer (or financing institution) will hold the title on your car until you pay off the loan, then you get the title to the car. 

This is the same thing here with real estate.  The seller of the property will hold the deed to the property until the buyer pays off the “loan”, then the seller will transfer the deed to the buyer. 

Peggy Parks