Real Estate Blog
10 points to consider before buying acres of cheap land
Many urban dwellers dream of building a grand home in the countryside spread over a vast area. You too may have dreamt of owning such a house. For this, you have to buy a piece of cheap land that fits your budget. But it is not that easy to obtain a tract of low-priced land. Don’t be swayed by the real estate agents and the advertisements claiming to offer acres of cheap land. Look into the ground realities of the plot. Consider the points given below before buying any cheap land so that you don’t fall in trouble after the closing.
You need to do these 5 Things before investing in Real Estate
You might have heard many people complain about how they lost their investment when they bought a property? Or how they were not able to make the most out of a deal that apparently looked too good to be true? The reason behind them saying these things is that they probably didn’t do their research right and jumped to seize the apparently great opportunity. It is really important to educate yourself before you come to a conclusion and learn a thing or two about the mechanics of investing in real estate. Here are some boxes to check before considering a real estate investment.
Bad Credit and Millennial home buyers
Bad credit is around when you cannot meet payments on your credit agreements. Sadly this has turned into yet another millennial dilemma (other than excessive competition, and debt to income ratios to name a couple). Most of the millennial need to go through college by acquiring huge student loan yet whatever they earn during that time is too meager to keep up. The new generation of home buyers is facing some tough financial checks as compared to the previous generations. Many of them also have bad credit scores. This can affect interest rates offered, possible extra points a mortgage borrower may have to pay, and whether or not the potential borrower can be approved for a home loan.
Here are 5 reasons why Real Estate investing is an excellent idea!
Investing in Real Estate industry has proved generally an excellent idea all over the globe. Over the last decade, all the shareholders associated with real estate market anywhere in the world have seen a substantial growth in this industry. If we mention in the US market specifically, then we have seen a major rise in the number of housing schemes being announced to be built over the last couple of years. By the gradual boom in the industry, it is safe to say that investing on Real Estate has a number of extensive benefits that it brings to the table. It put forwards a multitude of benefits for the investors which can enjoy such as amazing rate of returns, over the top tax advantages and exciting opportunities to earn what you have always dreamt of achieving.
Here are some compelling reasons why people should start investing in Real Estate market.
Disadvantages of Contract for a deed
A Contract for a deed is also referred to as ‘land contract’, ‘bone for deed’ or ‘installment land contract’. A contract for a deed means a transaction in which the seller of the property finances the sale of the property. The buyer pays a regular amount of money in monthly installments. The seller retains the legal title of the property until complete payment is done by the buyer or the contract is fulfilled. The buyer takes instant possession of the property by paying a small amount of down payment. If the buyer fails is not able to fulfill the terms of the property then the seller has the right to repossess. And once the seller repossesses the property he or she has to repay the purchaser with a reasonable sum for lease and also for the reasonable value for enhancements to the house.
18-Hour Cities Are the Real Deal this Year
These cities are often labeled as “second-tier”. But they might not be coming second for long. When it comes to real estate, these cities have become the center of attraction. According to The Emerging Trends in Real Estate 2016, it is anticipated that from now on-wards more real estate action is going to take place in these cities and the agents there must keep a sharp eye on the coming opportunities.
Pros and Cons of Pocket Listings
Pocket listings are the latest trend in the world of real estate. These listings are used to gain maximum profit in a given amount of time. It is a an agreement between the real estate professional and a seller that allows the seller to place their property for sale at multiple listing services without adding personal information. We have listed some pros and cons of these listings to help you decide better.
Your Fiduciary Duties as a Buyer’s Agent
In the real estate business, once a deal is closed, you are obligated to provide your client certain fiduciary duties. But one must ask, what are fiduciary duties? They can be explained as duties bound by only trust and legality. This fiduciary relationship in very crucial and depends on trust. Such a relationship can be compared to that of doctor and patient. You might do everything right in terms of negotiation a better deal for your client but if you make them disbelieve you with a mistake, your real estate career might suffer.
Reasons to Prioritize Email Marketing As a Real Estate Agent
Email marketing is one of the most effective and affordable strategies to nurture leads as a real estate agent. It is the best way to keep your real estate brand to the top of mind with prospective clients and generate leads. In every real estate agent’s marketing plan, there should be a well-planned email marketing strategy. Most amateur real estate agents feel intimidated by the thought of real estate email marketing. They wonder what to email about and how it will make their marketing strategy effective. Well, those are genuine concerns at the right place. If you’re on the fence for why to prioritize email marketing as a real estate agent, worry no more.
The Right Way to Conduct a Real Estate Transaction
Things can get on your nerves when purchasing property, be it a home or a building for commercial purpose. The buyer is at times afraid or too emotional to tackle cumbersome paper work and other aspects of a transaction. Enter Buyer’s agent; it is your job to make things go as smooth as possible for both the parties involved. mean the difference between a smooth transaction and a traumatizing one. Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients.
Deciding right
As a buyer’s agent, you need to help your client decide the best possible piece of real estate for them. They might be new to the whole buying thing so it is up to you to lead them to the right market. This will not only help your reputation but will also make your clients happy which is a great deed.