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General Article

Pros & Cons to Using a Realtor

Pros & Cons to Using a Realtor

Many home buyers try to sell their homes directly on their own, in order to save realtor overheads. However, the fact is that selling through a real estate agent is, for all times, a better formula than going for a deal yourself. A realtor will always have a larger database of potential buyers. When you go to sell your home directly, it will come to notice that buyers have a tendency to look for reduced costs from the seller. People expect a reduction of about 6% average on the price you are trying to offer. Furthermore, you will have to deal with the array of potential buyers, shortlist them, go through all the paperwork, etc. So when it comes to selling your home let us look at the advantages and disadvantages of hiring a realtor.

Advantages of hiring a real estate agent

A� Realtor will always have a higher volume of potential buyers. Your home will get a better market exposure through listings or multiple listings.

A� A real estate agent will screen the potential buyers and will bring in only the qualified buyers. You will obviously be saved of attending to lots of enquiries, and short listing them.

A� You will be only dealing with qualified buyers. It is difficult to know the reality of those who pose as buyers. You can be sure that your home will sell fast with a real estate agent.

A� Realtor will help to determine correct pricing of your home. And he will also recommend some changes or repairs you need to make in order to improve its salability. This, moreover, prevents you from any lawsuits which some people have had to face after selling their homes.

A� Realtors are already aware of legalities involved in buying and selling the properties. They can help you to find a way to fulfill your requirements and get you the best benefits from selling.

A� A Realtor will save a huge amount of time and effort in the making and processing of the paperwork. A good real estate agent will always try to get the best selling price for your property as it directly affects his income too.

Having looked at the advantages of realtors let us now see, what are the disadvantages of hiring a real estate agent?

The disadvantages and cautions while hiring a real estate agent.

A� The commission of the agent is considered as the first disadvantage.

A� Beware of the realtors who try to sell the homes in open houses; rarely buyers are found by doing an open house.

A� Make sure that the agent you hire is qualified, and experienced enough to know about the neighborhood and the operations in the local area.

A� Make sure that the agent or agency is aware of the legal proceedings involved in property dealings.

All these conclude to the fact that it is imperative to meet the right realtor to get the best value for your home. …

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How To Become A Real Estate BPO Agent

How To Become A Real Estate BPO Agent

The very first step in the process is to obtain a list of the top valuation companies from a reputable online venue. Many companies sell the list for about $50, but don’t waste your money. With a little bit of Google magic you can find a quality list for free. Not only will this save you time, but it will also guide you in the right direction for becoming a BPO agent. After acquiring a list, I would recommend that you spend a couple days gathering the required documentation and begin registering with as many different companies as possible. Registration can be done by completing their online registration process or sending the companies an email direct. You will need the following documents available:

– Resume

– Copy of Real Estate License

– Copy of Drivers License

– Copy of Car Insurance

– Coverage Area Zip Codes

– Errors & Omissions Insurance

– W9

If you’re lucky and happen to live in a high volume BPO area or low competition area with few realtors, you might get accounts opened right away. Not all companies will be accepting new BPO agents, but you should apply to all companies anyway to at least get your record on file. This will increase your chances of receiving leads from the valuation companies down the road. It is not uncommon to take months to open an account. Registering with these sites is the equivalent of applying for a job. If you receive no response after 2 weeks, try following up your submission with a phone call explaining why you would be a top performing BPO agent for their company.

Upsides of being a BPO Agent:

– $40-$100 per order

– Work from home

– Flexible hours

– Guaranteed income – Not commission based

– Quiet analytical work – You don’t have to deal with many people

– A great starting point to becoming an REO agent

Downsides of being a BPO Agent:

– Sporadic workload – Banks unload orders in batches so some weeks are very busy while other weeks are very slow

– Time pressure – The standard time to submit a BPO is 48 hours and 6 hours or less for a quality control.

– Delayed payments – Companies often pay 30-45 days after the BPO was performed and in some instances up to 6 months.

– Quality controls – Valuation companies won’t pay until they think the order is sufficient. Sometimes you will have to make changes to the order or completely redo it at no extra charge.

This line of work has a mixed bag of pros and cons like any other job, but ultimately I have to say from first hand experience that being a BPO Agent can make for a unique and rewarding career. Perseverance is key and it starts by applying to as many valuation companies as possible. Good luck and get busy!…

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General Article

Get Rid Of The Selling Woes With This Real Estate Advice

Everywhere you go, someone is giving advice regarding selling real estate. Some of this advice might be trustworthy, but a good deal of it is not. By reading the tips in this article, you can be sure that you are getting the most accurate information available.

The effort required to keep surfaces painted, trim the bushes, and ensure the plumbing is in order can be endlessly annoying. Unfortunately, failure to follow through with these updates may ultimately snowball into a major problem that must be addressed before listing a home on the market.

More than likely, your home is priced too high. Attract buyers with a lower price that also satisfies you.

Energy-efficient items can be an attractive enticement for many buyers. By adding items like energy efficiant lights and Energy Star rated appliances to your home, you are attracting potential buyers with the promise of energy savings.

Empty your home out as much as possible, even if you’re still living there. Give your potential buyers the space they need to imagine the home as their own. By sorting through your things and discarding those you don’t actually want, you not only make this possible, but you also make it easier for you to make the actual move when you need to.

Have someone check your air conditioner and heater before listing your house. As a general rule, home buyers expect the basic functions of a home to be working well, and this includes the air conditioning and heat. If a house requires immediate maintenance, or the purchase of such items, buyers will be deterred from putting in an offer.

You can promote the sale of your home by including extras in the price. You have probably seen real estate advertisements which include the major appliances with the purchase. This will make potential buyers more interested in purchasing your home. Just find out what most buyers want that is within your budget, then include it in the closing offer. This was make you more successful.

Get the buyers’ attention with an inviting home. It will surely make a difference in the number of people who take a look at your home during showings.

Washing your windows on both the inside and the outside can make your home look, and feel, bright, airy, and refreshing. When you have clean windows they give your house a nice fresh sparkle, making it feel much newer. The benefits will be obvious if you take the time to invest in vigorously cleaning your windows.

Use different strategies to market your property. By using a variety of mechanisms, such as the Internet, a real estate agent, and newspaper listings, you will multiply the avenues through which you can attract buyers to property you have for sale. You need to consider all options if you are going to be as effective as can be.

In conclusion, it can be trying to listen to so-called experts give you their opinion on selling real estate. The tips and tricks in this article have been widely proven time and time again. Hopefully this article will help to either clear up what you were unsure about, or give you some new information.…

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Contractor Service

Buying Real Estate? Get The Most For Your Money

If there was any set formula to turn the average Joe and Jane into a home-buying expert, we would have avoided the housing collapse of a few years ago. The truth of the matter, is that it’s just too unpredictable to properly gauge. However, there are still some great tips you can use to help you, like the ones in this article.

Commercial Real Estate

One important tip to remember when investing in commercial real estate is to try to avoid the most common first purchase – apartments. This is important because of over saturation as well as the possibility for a much higher profit elsewhere. Try to pick a specialty property that is unique to you.

For Sale By Owner

If you’re an experienced investor, consider “for sale by owner” properties. For sale by owner properties often present an excellent investment opportunity for investors who are familiar with the purchase process, and who would prefer to save on agent commissions. There are many different ways to structure a FSBO deal; it’s a matter of finding the one that works best for you.

Foreclosed Homes

For both sellers and buyers make sure that you always gather data about things. Look at the newspaper in that area for things like foreclosed homes, current and historic median selling prices and also how long homes are staying on the market. Also look up things like unemployment rate and crime rates for the area.

Property

When purchasing real estate, you should be realistic in thinking about your resale options. If you are not going to stay in the home for the duration of the mortgage, like many first time buyers tend not to do, then weigh the cost vs. resale of the property, so you have a clear idea of the life of the purchase.

Property For Sale

Find a great neighborhood and then investigate all potential properties. If you find an up and coming neighborhood where property values are on the rise, investigate every property for sale and consider purchasing the lowest priced one. The advantage is this: If you find that the two lowest priced properties in a neighborhood are priced at $150,000 and $170,000 ” buy the $150,000 property and you can place it immediately on the market for $165,000. This gives you an excellent short term investment that will require little to no work on your end, other than arranging the financing and finding a selling agent.

Real Estate Listings

Even though it is very easy to search for real estate listings on the internet, it is still in your best interest to hire an agent to work with you. The agent will be able to answer many questions that you may have, handle the paperwork and analyze data that you would have no idea needed to by analyzed.

While there might not be any recipe for real estate success written in stone, there are still many different tips and tactics that you can use to always come out on top in your real estate dealings. Take action with what you have read in this article and you should be able to win out on any deal.…

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General Article

Pre-Foreclosure Investing – Finding the Window of Opportunity to Profit

Pre-Foreclosure Investing – Finding the Window of Opportunity to Profit

When we hear the word foreclosure we have mental images of families being booted out of their homes by evil financial institutions, with this picture not being too far from the truth. Although this example is a unhappy one, there is a bright side with foreclosures and money to be made for smart investors. Unfortunately, loan defaults by homeowners are a part of the housing market as is the home buying segment. Market conditions fluctuate determining winners and losers not unlike the stock market.

An underlying fact, unique to the free market, is when someone loses there is also a winner. Foreclosure investing is booming. In May, 2010, the government reported a record high of over 93,000 houses being repossessed by lending institutions, up 1% from the previous month and up 44% from the same time period one year earlier. These homes will be put to auctions and sold to the highest bidder. What if there were a way to buy these homes in pre-foreclosure, before they hit the auction block?

Real estate investors that take the initiative and possess the ability to work fast can profit in this time sensitive market. Another perk associated with this type of investing is the investor can very well help the struggling homeowner that is about to lose their home to the bank. No, you can’t keep them in the home but you can save their credit rating and help them avoid the sting of foreclosure being stamped on their credit report.

The difficult part of pre-foreclosure investing is the small window of opportunity. When the homeowner defaults on the loan, there is only a small window of time for the investor to approach the homeowner between default and foreclosure. Contacting the homeowner can be difficult especially since they are probably experiencing the most stressful time of their life. However, offering them an opportunity to save their credit rating and avoiding the sigma of foreclosure is a powerful selling tool if employed properly by the investor.

The benefit for the investor is he potential to buy a property for up to thirty-percent off market value. Once possession of the property is taken over by the investor he has several options. Keep the property as long term investment and rent it out or flip the property quickly and bank a nice profit. Whatever the choice, the investor can make a nice income with pre-foreclosure investing.…

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Foreclosed Homes

This Article Has It All, From Tips To Tricks About Real Estate Investing

Real estate investments can make you a lot of money. However, most don’t know how to get into it. You need to learn some basics before you start investing in real estate successfully. Continue reading to see what they are.

Speak with a real estate expert to help you with your plan and see whether or not there are holes in your strategy. This will help you to get a good idea of where you stand and what you need to do to accomplish your goals. They may tear the plan apart and give you an alternative plan instead.

When you are investing in real estate, make sure not to get emotionally attached. You are strictly trying to turn the most profit possible so try to put all your efforts into the renovation of the home that you purchase and maximizing value in the future. This will help you to make the most profit.

If you wish to invest in properties, consider the amount of time you can give for managing it. Problems with tenants can waste a lot of time. If you feel as if you don’t have the time needed, consider hiring a property management company.

When investing in real estate, make sure you’ve got a great handyman. If not, your positive cash flow could be spent on tons of expensive repairs. This handyman can also be on call for problems after hours that the new tenants experience.

Don’t think that you always have to pay the list price for a piece of property. A lot of the time an owner will make the price higher than it should be because they expect people to try and negotiate with them. Don’t be scared to give them a lower offer because they may just give you that money off.

Commercial Real Estate

If you are already a homeowner or have experience as one, consider starting your real estate investment efforts with residential properties. This arena is already something you know about, and you can start good investment habits. Once you are comfortably making safe money here you can move on to the slightly different world of commercial real estate investment.

Property

Figure out the amount of time you can really devote to managing your real estate investments. Tenant problems can be extremely time consuming. If you see that you don’t have enough time in managing it, you could choose to hire a person to manage it for you.

Property For Sale

Do not sign any contracts to buy a piece of land before you do your research carefully to confirm the ownership of the land. Hire your own surveyor to identify the property lines clearly. This prevents misrepresentation of the piece of property for sale, and it mitigates any future problems.

Clearly, it is important to have a strong foundation before making any real estate investment decisions. It is very unwise to plunge ahead without a clue. This article has provided you with vital information to help you start out on a solid foundation. You will start making money once you’ve studied the market.…

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Techniques For A Quick And Painless Home Sale

Whilst there is tons information available to real estate sellers, a lot of it is inaccurate. In this article, we’ll stick with only the facts of selling in real estate and give you the best advice out there to succeed.

Buyers will appreciate any information you can give them when they are purchasing a home. Make a list of the contractors that have done work on the home and the work that they have done. That way, buyers will be able to see that the house has been properly maintained.

Housing markets are season-driven in many areas of the country. Make your house more attractive by adding seasonal decorations. Rake up the leaves in your yard regularly, and late season buyers will be more interested in your house.

To sell your house at it’s maximum price, you may want to try to develop a bidding war. Setting list prices that are competitive on the area in which your house is located, could bring you a lot of interested buyers. If there are several people interested in buying, it can raise the final price you receive for your home.

When you can, have your old house sold before you move to the new one. It can be extremely difficult to meet your financial obligations for two residences while waiting to obtain a buyer for your previous home. Allow yourself plenty of time to list your house and sign a contract with the right buyer.

You need to be careful when choosing a real estate agent, when you are selling or purchasing a home. Selling real estate is important, and there is a lot of money involved. Your agent should be trustworthy and know his business well. An agent with a good reputation and solid credentials will help you navigate the process more smoothly, as well as demystify it for you while keeping your best interests at heart.

Make your house more appealing to buyers by cleaning out your clutter. Not only should you make sure the closets are not jam packed, they also need to be dust-free and well-organized. There also shouldn’t be much in kitchen cabinets, but one psychological trick you can use is buying some gourmet food to make your house seem more classy than it actually is.

During your home’s showing, leave the curtains open. Potential buyers love to see how bright a home can be from just sunlight. You should pull all the drapes and curtains back, and lift all the blinds, as well. Try opening up your windows to bring in some fresh air for your buyers.

Try painting neutral shades in your home so that they can picture themselves living there. Using pleasant aromas in the atmosphere, as well as offering some homemade treats can really make potential buyers feel more at ease. The sense of comfort and an inviting atmosphere, can turn them from potential to actual buyers.

After you have gained an understanding of the advice provided in this article, you should begin to utilize it. Take what you learned here and come up with a solid plan that helps you attack any market condition. Whenever you need a refresher course, take a moment to re-read this article.…