Before you set out to hire a real estate agent, it’s essential to know how the relationship among agents, home sellers, and prospective buyers works in your state. Generally, there are three different kinds of agents: Seller’s agent: Also known as a listing agent, a seller’s agent represents the seller Read more…
A real estate agent is a trained professional who manages the selling of your home from start to finish. Most real estate agents earn a commission of about 3% of the sale price in exchange for their services. Though most sellers tend to work with real estate agents, there are Read more…
After managing your investment property successfully for several years, the time will probably come to sell the property. To make a swift and profitable sale, you’ll need to assess the local real estate market, attract buyers, and consider the tax ramifications of selling. Setting a Price for Your Property Setting Read more…
Certain special situations allow real estate investors to buy property at substantial bargains, but usually with some additional risk. The most common ways real estate investors take advantage of these unique opportunities are by buying property in foreclosure or government auctions. Foreclosures A foreclosure occurs when a lender takes possession Read more…
Even if you hire a property manager to oversee your properties, you still need to know the basics of rental property management in order to hire a competent manager. Property Management Skills It’s important that you or your manager have sufficient: People skills: Dealing with tenants, neighbors, repair workers, and Read more…
Investing in and managing real estate generates a hefty stack of paperwork. Here’s a breakdown of the key documents that you should either keep on file or create during your ownership of the property. Documents You Should Keep on File You’ll need several types of documents to buy and prove Read more…
Real estate investors rarely use their own cash to buy properties outright. Instead, they typically cover the down payment on the property with their own cash and finance, or borrow, the remainder of the purchase price. How Real Estate Financing Works Real estate financing usually works like this: 1. A Read more…
Researching potential investment properties can take a considerable amount of time and effort. The process involves two main steps: 1. Finding potential properties at good prices 2. Assessing the value of properties before buying How to Find Properties at Good Prices Before you can assess whether properties that interest you Read more…
The decision to begin investing in real estate is more complicated than the decision to buy a stock or a bond. Real estate investing requires an up-front financial commitment plus ongoing expenses and personal responsibilities that other investments simply don’t require. Before you begin, make sure you understand and can Read more…
Investing in real estate means buying, managing, and selling property consisting of land and/or buildings, which can all be defined as real property. A real estate investor is someone who purchases real property for the purpose of generating income by renting the property or eventually selling it at a profit. Read more…