1. Finding an agent with the right experience. When selling property, around and see what is sold in the same area. See especially the names of representatives of the signs. Agent, the name that appears in most of the areas you may be better know how to price and market your property. You can also do it by searching through real estate guides for these funds, or are active in your area or type of your property.
2. Making low offers correctly. Low bid, which can offend the seller, I knew that he was not personally that this is what we need to make a deal work for you. You can include a list of concerns or things that need to be improved, to justify a lower price. If you have a choice in this situation, it may be better to leave an agency without your bidding. It may be difficult for sellers to hear you say something bad about your property privately. List of concerns is less personal and less likely to offend - which makes it more likely that he would consider the offer.
3. Search for "extra" option. In a reversal of the home may seem normal for fixer uppers, which can only be "put in a good shape and sold for a decent profit. But if there are" extra "features that other investors do not see, you can do even more. This is something things like full basements that can be converted into living space, or ceiling that can be done in a bedroom or office, or many additional that can be separated and sold without reducing the value of his family.
4. What to do when the rent is not going to generate cash flow. People often buy a house rental, penthouse and even the four-plexes to house, thinking they are "investments" as well. They pay according to their personal values, so the property can be assessed and so on, where they will generate cash flow. Apartment building on the other hand, evaluated according to one thing above all: the net income. Lessons? When you can do with cash flow of small rental property is greater.
5. How to find motivated sellers. Investors in real estate will often talk about the importance of "motivated seller", but how to find them? When searching for newspaper classified ads, pay attention to the text. "Need to sell, must sell, and will consider all proposals" are common indicators, but you can see the rental ad, too. "We have a good job," may indicate a tired landlord tenant and ready for sale. Search county records for out-of-state owners is another way.
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