This article covers 16 points that investors should consider before buying an investment property. Sectioned into the following categories: location, property, financial.
Many sellers are surprised when they add up the costs of selling a home. This leads many sellers to consider selling their own homes to reduce costs. Here are six reasons why going the For Sale By Owner route is not your clients' best option.
This is the first "hard-copy" contact with the absentee owner - you want to be sure to give the absentee owner clear, personalized, and relevant information. That is the function of the Introductory Package. It includes 1) a letter that recaps the phone contact you made and 2) your bio sheet, which describes your business philosophy and experience.
Investors may hit their tipping point when they learn how to invest their proceeds tax-free with a 1031 Exchange. This letter outlines information on 1031 Exchanges, but we encourage you to enlist the help of an agent who is familiar with these and has resources if you do not.
During tax season, investors may hit their tipping point when they learn a high sale may be imminent. Get them thinking about the possibility of selling and changing their investment strategy. This letter includes customization options as well as a median home price graph.
Keeping the absentee owner investor up to date on local market conditions is essential. This letter includes information about a recent sold as well as a summary of recent activity in the neighborhood.
Let the absentee owner know you are going to be sending real estate information on a regular basis including your hot investment picks.
During tax season, investors may hit their tipping point when they consider their leverage position. Get them thinking about how they may exchange one property for two or target a new type of investment in a new area.
Absentee owners are a great source of business, as many of them are absent not by their own choice. Once they’ve had a taste of being a long-distance landlord, many of these homeowners are anxious to sell. Learn what it takes to successfully build relationships with absentee owners in your area.
Many home buyers and sellers focus too much on the monthly costs of a new home. Real estate coach Denise Lones using appreciation to show you how to reframe the conversion around the home as an investment.
With property values rising across the country, in some areas more rapidly than predicted when the homeowner secured the loan. Therefore, you may have homeowners who are paying PMI when they don't need to be. Depending on how their loans are set up, it may be an easy thing to cancel, saving your homeowners hundreds of dollars. Get the word out if yours is an area seeing strong home price appreciation.
It is a pooch owner predicament! What to do with the dog when the house is on the market.
Air conditioning maintenance can be a benefit to both sellers who are selling during the heat of summer and those homeowners who have just purchased. Share your advice with this blog.
Everything was going smoothly, or perhaps you just didn't notice the warnings until you drove by your potential listing only to discover a new For Sale By Owner sign in their yard. Join Denise for a discussion on dealing with FSBOs. What you should do if a prospect asks about selling on their own? What can you say if this happens to you and how should you move forward?
If your lead generation efforts need a little boost, For Sale By Owners are a hot commodity right now. We will be discussing evaluating FSBOs for potential success, developing a campaign around their pain points, and how to approach these potential clients.
If your lead generation efforts need a little boost, For Sale By Owners are a hot commodity right now. We will be discussing evaluating FSBOs for potential success, developing a campaign around their pain points, and how to approach these potential clients.
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This October 2024 in Market Survival Guide: Dramatic year-over-year increases in environmental disasters hit home insurance companies hard, elections and homeownership, national and regional real estate market trends and analysis, new construction cost-to-build remains high, August single family starts were up, consumer price index inflation reaches 2.5 percent, mortgage rates grow, national employment update, advice and opportunities for the fall real estate market, and answers to your questions.
This week in Market Survival Guide: how to tell if your housing market is moderating, the effect of rising interest rates, national new home sales vs months supply, reading sales of new SFR inventory, global market sentiment, inflation pressures, historical and present national home ownership rate and ownership drivers, population changes, and answers to your questions.