2.0 ~ How to Buy a house get a good dealBy JT SteeleIn the middle of difficulty lies opportunity all - Albert Einstein.
I
consulting real estate for over 12 years as a broker in several states,
as national sales trainer and award winning real estate agent. And
I can share with you that getting a good deal , no, let me rephrase
that to get a good deal, you can get in today's market, if you know how .
If you know, that's fine . I'm sure you can still pick up some good information to make your next purchase even better. However,
if you do not know all the ins and outs of how to get a good deal on
real estate market , just read and in the end you will be better
informed then 95% of real estate assets in the country i . Do
not worry about 5 % , because you are "too busy" to help you buy a
home, especially when they realize that you know as much as them or even
moreLike most things in life , getting a good deal on real estate is a process. There are no quick fixes , no magic potion or instant fortunes for bargains. If this is the case, you already knew that would not be reading this. What lies ahead for you to make a good purchase is a step by step plan for peace. And like any good road map is always better to have two or three or more forms of stakeout directions to your destination.
The first thing you must understand is that it is super critical to your success is to not fall in love with a property. If you have been a victim of it , you might as well pay what the seller calls and stay alive. While resist desire at all costs. It must be a business decision. It may require you to walk away from their " dream home " or to dig through piles of properties before finding one, but remember that you want a lot , so let's break it down.Do your homework. Do it until you can recite almost word for word what each house , each zone, each price and each attribute, each project and each seller is to think about your specific area. My last statement may seem a bit confusing , but I'll explain what is most critical for the filtration of a bargain. You must contact the seller directly or through his agent , if any . You need to know what their pain is . Why are you selling ? and then do not forget that for the moment and if you start to negotiate an agreement for the property. If the seller does not pain you can not provide a cure for your pain, what is their influence to a great buy. So I take it out . If I had a nickel for every time I heard " I do not need to sell , I have a lot of money and I 'm in no hurry to sell " would write from my private island, which I 'm not , but I wish they paid me all these dimes . the truth of the matter is that they lie. Plain and simple . If this were the case , just move where it is, you plan to move and just leave the house , they sell the decay in the soil. can not "need" the money, but just the simple fact that they are "selling" your home means that they want the money. So dig for your pain. Do many open questions, diving into the real reason they sell, get your pain.Doing your homework is now easier than ever as well as overwhelming as ever. It has never been the real estate information for both the public and much of the research, and the filtrate is nothing you can not find information on a property , the greater part is done online. Using well-established real estate websites focused such as Yahoo, Google, Trulia , Zillow and registration tax county sites. If you notice I have not included Realtor.com is not that it is a bad place to meet Intel, enough to understand that the status information is added daily but " these properties are not , for example , if a house is on the market is presented as available , but when it goes under contract does not reflect this in place, not until it is sold and transferred . Its purpose is to try to call you or agent bag anyway if you can manage other properties available .
What we 're checking these sites? You need to know what other houses in the neighborhood sold for , you must make your own compositions. It's not hard just trying to find "like" properties in many categories that match your "specified property" as possible. Compare the size and determine the price per square foot, then apply it to your "subject" property. Now you know what others have paid and what the house is worth what the seller or the agent is not "ask" . How long was the property for sale ? 99
% of the time "known" houses (one of the homes on the market from 50%
to 60 % + more than the typical day on the market) will be its ripe
fruit , so start there. Sellers are usually disappointed that they are still on the market and their motivation has changed anxious apprehension .Find out what the seller owes on the neighboring property. This is usually in the tax files or can come right out and directly ask the agent or owner . This
is essential , as they now have a clear view of the financial condition
of the seller is in. If the house is sold and the agent and the house
is a short sale , they must disclose . If your business is direct sales do not even know , but they will. Short sales are bargains if you have the stomach and patience for them. If
you discover sellers are underwater or it is a short sale do not let
your emotions come into your thought process and start killing bad for
the seller. After
all most of the time it is the bank who will suffer the greatest loss
in a short sale , it does not feel sorry for them or, do you think the
bank will not worry or feel bad if demand letter is issued or pre-foreclosure .. ... no! for them it's just business. As I said before it should be a business decision they make.So
now that you have found a good prospect , you know everything useful
for the house and the area , you know what they like homes are selling
in the region, the time it takes for them to sell , which owners owe on their mortgage and pain ' is the sellers . This is basically all you need to know to get a good deal .Now, we will spend a lot on a good deal. DO NOT use a real estate agent or broker to represent you in your purchase , especially if the seller uses . During your research, you will know if they are or not. Are you looking for a buyer using an agent. Find out who is the agent to communicate directly with them to make your offer . The
natural assumption is agents ( if they know you are not represented by
an agent) that reach pay dirt and be able to sell the house for you and
hold all of the committee that negotiated with the seller (called a double-dip recession in the real estate agent jargon ) . If you are invited to represent politely say no. Now you have your super bargain. Tell
the sales agent will use a real estate attorney to manage your account (
you need anyway) and he wants the commission to allow your brokerage by
the seller as a credit to the closing price final purchase . If they refuse to go to your dealer and tell them about it. Nearly 100 % of the time , the broker will agree. After all, is not part of the brokerage listing agent if the brokerage has the last word on a loan or not. If
they are recognized that their sole purpose is to provide for the
seller brokerage, ie , find a buyer ready , willing and able . If they do not agree they will make your excellent customer service say - and if they do, they can ruin your business . Sellers
speaking, buyer's agents talk talk and if the broker is perceived by
one of them not to have their customers' best interest first , the word
out and only the fruit is in the corner time soon .That's what many have the firm to transform part of their commission to facilitate an agreement .If you can not convince the seller to accept your offer on the terms and conditions then move on to the next house. Do not waste time on it , do not second guess yourself or try to find the supplier. Just go to the next prospect , just rinse and repeat until you find your next big thing.More Results for house buying:
No comments:
Post a Comment