The problem that most people have when they try to sell their house is to decide if they will use a realtor or not.The average commission of a real estate agent is 6% of the house price. So if you have a 200k $ house and you sell through a realtor you will pay him 12000 $.Wouldn't be nice to keep that money
for yourself? I am more a business person and without even thinking I will decide to keep the money for me and my family. Don't think that it would be a easy job because it wouldn't
but why pay that kind of money to a person for a maximum 4 week job, and why not do it myself with a little advertising and some preparations? I will tell you how to sell your house without a realtor in the next lines so stay concentrated because if you apply them correctly you can earn a bit of money and sell your house (the main objective).
What you must know before discussing how to sell your house without a realtor?
There will be a lot of work, that could require some time off your job or your daily activity.I mean that if a potential buyer calls and ask if they could see the house you mustn't refuse the
proposal, because buyers don't like to wait and they will search for a house in another place.
The feeling that you will have when you sell your house and keep that 6% will probably transform you into a real estate flipper. Real estate flipping is when you buy a house and sell it
for more, maybe with some improvements.Many people do this and they earn an average anual salary in one month or less. You do the maths for this one.
for yourself? I am more a business person and without even thinking I will decide to keep the money for me and my family. Don't think that it would be a easy job because it wouldn't
but why pay that kind of money to a person for a maximum 4 week job, and why not do it myself with a little advertising and some preparations? I will tell you how to sell your house without a realtor in the next lines so stay concentrated because if you apply them correctly you can earn a bit of money and sell your house (the main objective).
What you must know before discussing how to sell your house without a realtor?
There will be a lot of work, that could require some time off your job or your daily activity.I mean that if a potential buyer calls and ask if they could see the house you mustn't refuse the
proposal, because buyers don't like to wait and they will search for a house in another place.
The feeling that you will have when you sell your house and keep that 6% will probably transform you into a real estate flipper. Real estate flipping is when you buy a house and sell it
for more, maybe with some improvements.Many people do this and they earn an average anual salary in one month or less. You do the maths for this one.
Real estate flipping is a term used to refer to the practice of acquiring a property for the purpose of generating profit. When you flip a property, you do a purchase transaction and aim to sell the asset at a much higher price when the market is very supporting an upturn.
As you see, it is a usual practice of capitalists and investors to buy real estate with the aim of selling the property at a much significant price in the future. Valuation almost always rises. The only question and uncertainty at hand would be when this rise would happen. Property investors are always on the lookout for market up-ticks. When such price hikes occur, investors take the queue to divest and monetize their profits.
What is most exciting about real estate flipping is that investment returns and profits can go uncontrollable. In other words, profitability can be easily achieved and can be bounded by no limits. You can easily double, triple or quadruple your investments if you would only be appropriately strategic about your investment. Here are some tips that would help you make the most out of flipping.
• Do your homework by researching about the asset you are considering. It would also be advisable if you would know what you should know about the venue, the location and the overall market situation of the real estate asset's site. Failing to do so would not spare you from any market fluctuation and dips that may arise.
• Tour the property long before you finally implement and execute the flip transaction. Assess if the property is strategically located or if it is potentially ideal for your investment. Some real estate assets are obviously inappropriately priced. If you think an asset is overpriced, stay away from it if the seller or broker is not willing to adjust prices. If the asset is priced too low for its actual valuation, grab it.
• Have a working business plan upon buying the asset. Set your goals and schedule a working plan that you would do about the property. Check the calendar and set strategic and practical schedules for any activity involving the asset.
• Consult professionals or experts. Before putting up and taking the transaction, it would be better if you would touch base with accountants, realtors, tax officers, property inspectors, lawyers and contractors to check if the real estate is sound and safe in all possible aspects. This is not being difficult and tedious, but being practical and cautious.
• Set your mindset that the real estate investment is actually a long-term investment. While it is possible that you may generate income or profits in the short to middle term, depending on market influences, most real estate flippers are prepared to treat the investment as a long term one. Do not worry because you can actually use your property productively. You can live in it, lease it or develop it while you wait for the right timing to sell and generate investment returns.
As you see, it is a usual practice of capitalists and investors to buy real estate with the aim of selling the property at a much significant price in the future. Valuation almost always rises. The only question and uncertainty at hand would be when this rise would happen. Property investors are always on the lookout for market up-ticks. When such price hikes occur, investors take the queue to divest and monetize their profits.
What is most exciting about real estate flipping is that investment returns and profits can go uncontrollable. In other words, profitability can be easily achieved and can be bounded by no limits. You can easily double, triple or quadruple your investments if you would only be appropriately strategic about your investment. Here are some tips that would help you make the most out of flipping.
• Do your homework by researching about the asset you are considering. It would also be advisable if you would know what you should know about the venue, the location and the overall market situation of the real estate asset's site. Failing to do so would not spare you from any market fluctuation and dips that may arise.
• Tour the property long before you finally implement and execute the flip transaction. Assess if the property is strategically located or if it is potentially ideal for your investment. Some real estate assets are obviously inappropriately priced. If you think an asset is overpriced, stay away from it if the seller or broker is not willing to adjust prices. If the asset is priced too low for its actual valuation, grab it.
• Have a working business plan upon buying the asset. Set your goals and schedule a working plan that you would do about the property. Check the calendar and set strategic and practical schedules for any activity involving the asset.
• Consult professionals or experts. Before putting up and taking the transaction, it would be better if you would touch base with accountants, realtors, tax officers, property inspectors, lawyers and contractors to check if the real estate is sound and safe in all possible aspects. This is not being difficult and tedious, but being practical and cautious.
• Set your mindset that the real estate investment is actually a long-term investment. While it is possible that you may generate income or profits in the short to middle term, depending on market influences, most real estate flippers are prepared to treat the investment as a long term one. Do not worry because you can actually use your property productively. You can live in it, lease it or develop it while you wait for the right timing to sell and generate investment returns.
The real estate market in Bend Oregon continues to stumble. Prices are still falling but out of town buyers are picking off some prime properties at good prices.
The Bratton Report which is produced by Mike Caba Bratton Appraisal Group shows that the median price of homes sold in Bend Oregon for the month of May 2008 were down approximately 23% from May 2007. The median price in May 2007 was $396,000. May 2008 median price was $303,000.
The report did show that the peak median price of homes sold in Bend during the Bull real estate market was in May 2007 so it is a tough comparison. It seems that the median price lags behind the reality of the market in Bend. The median price in November 2006 was $305,000 so we are back to 2006 prices.
The number of homes in Bend sold during the same periods was down approximately 36 percent! There were only 102 homes closed in May this year as compared to 159 last year.
Bend Oregon homes are selling if they are priced right! I just closed another escrow on the sale of a home in SE Bend. It was on the market for less than 60 days and the owners had their cash in 71 days.
It was a good older home that needed a little work but it was priced right. The seller utilized our Step To The Market approach to marketing their home and it is sold!
I closed a home last month on the golf course at Rivers Edge for $629,000. The buyers are from California and feel they got a great buy. I also closed another home last month that sold to different California buyer. They bought a beautiful home in SW Bend that is close to the Deschutes River.
The Bend Oregon real estate market is slow. There are not many serious buyers. But homes that are priced right are attracting buyers and sellers are selling their homes if they are priced right.
It looks like prices will continue to fall for the rest of this year as I am seeing limited buyer activity and more short sales and bank repos coming on the market. This year looks like a good time to buy. Unless our national economy goes in the toilet I look for prices to bottom out next spring.
The Bratton Report which is produced by Mike Caba Bratton Appraisal Group shows that the median price of homes sold in Bend Oregon for the month of May 2008 were down approximately 23% from May 2007. The median price in May 2007 was $396,000. May 2008 median price was $303,000.
The report did show that the peak median price of homes sold in Bend during the Bull real estate market was in May 2007 so it is a tough comparison. It seems that the median price lags behind the reality of the market in Bend. The median price in November 2006 was $305,000 so we are back to 2006 prices.
The number of homes in Bend sold during the same periods was down approximately 36 percent! There were only 102 homes closed in May this year as compared to 159 last year.
Bend Oregon homes are selling if they are priced right! I just closed another escrow on the sale of a home in SE Bend. It was on the market for less than 60 days and the owners had their cash in 71 days.
It was a good older home that needed a little work but it was priced right. The seller utilized our Step To The Market approach to marketing their home and it is sold!
I closed a home last month on the golf course at Rivers Edge for $629,000. The buyers are from California and feel they got a great buy. I also closed another home last month that sold to different California buyer. They bought a beautiful home in SW Bend that is close to the Deschutes River.
The Bend Oregon real estate market is slow. There are not many serious buyers. But homes that are priced right are attracting buyers and sellers are selling their homes if they are priced right.
It looks like prices will continue to fall for the rest of this year as I am seeing limited buyer activity and more short sales and bank repos coming on the market. This year looks like a good time to buy. Unless our national economy goes in the toilet I look for prices to bottom out next spring.
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