Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Buying Houses at Discount Prices


Buying a house is the best way you can create immediate equity. Gaining equity through buying a house is something which is very easy to do, as long as you follow these guidelines.

If you are seeking to buy a house under discount value you must have the right mindset:

"The deal of a decade comes along about once a week"- Dolf De Roos, Real estate investor.

Houses being sold below market value are out there, its just a matter of knowing where to look and the buying strategies you use.

So where can I find houses being sold for a discount?

Find motivated sellers. Some examples of these sellers are people who have experienced death, divorce, bankruptcy, the less intelligent, people who have deadlines, and are developers.

Bankruptcy/Foreclosure:

When bankrupt an individual will have the option of selling their house to a third party, most likely at a cheaper price than market value because they need the money fast. If an Individual is bankrupt and the bank is the creditor, the bank will take the asset (the house) and have a foreclosure sale. You will often find a cheap price there as well.

Death:

Although this may seem like profiting of someone else's misery, its not really. If the house is not included in the persons will, it must be sold, someone has to buy it. If the deeds to the property are transferred to someone else there is often a good chance they will not want to hold onto it and want to sell it quickly.

Divorce:

When couple breaks up things often get nasty and they both want to be separated as soon as possible. They will often settle on selling their house for a lower price but quickly.

Less intelligent:

Sometimes people are selling properties with out the help of a real estate agent and will not know the exact value of their house. They will usually price their houses too high because of emotional attachment to it. On the flip side they might be ignorant of the real market value and sell it for less than its worth.

Deadlines:

Often the best place to find deals. People with deadlines need to sell their property quickly. They may be going overseas or need the money fast. Almost all people with deadlines will sell their houses at a discount.

Developers:

In some circumstances property developers may have over extended themselves on a project and need to cut their loses. You can pick up discount houses from their mistakes.

Always ask why the house is being sold so you can determine whether the seller is motivated or not.

Other sources

Great places to look are under the classified section in the newspaper, look for things like "Urgent" or "Heavily reduced". What I love about ads under the classified section is that real estate agents are not often involved. This is good because real estate agents will often try to push up the price of a property so it is above market value. People without real estate agents often do not know the true market value of their property.

Just because there isn't a "For Sale" sign on a house does not mean the home owner would not sell for the right offer. Although chances of finding someone to sell there house through this method aren't very high, you can find great deals by making offers that a home owner might just take.

If you've been to auctions or looked at properties which have not sold in a while and are being no longer advertised, follow up on them. After so much hassle of advertising the house and no sale, the vender may be tempted to sell at a discount.

Buying strategies:

Instead of looking for properties to purchase, let the properties come to you. Get your own add in your local Newspaper saying something like," Serious property buyer, wants to buy houses from motivated sellers quickly". You'll be surprised at the number of calls you'll receive.

Don't reveal all your cards, as in try not to say why you want the property or how quickly you want to buy. Never make the first offer, let the seller make it. Once the seller states their price tag, say you want twice the discount you want off their price. So for example, the seller says they will sell it for $100,000 and you want a 5% discount, (5% of 100,000 = 5,000. 5,000*2 =10,000) offer $90,000 and counter offer up from there.

Staple a check for the deposit payment to your next offer. If the seller countersigns the contract and banks the check they have accepted the deal. The psychological impact of this tactic is amazing. This tactic shows the seller that you are deadly serious about purchasing the property quickly. It is also very tempting to just bank the check right now even though they will be selling the property at a discount.

Don't put emotions into the picture. Even if you are purchasing a house that will be your home, just because you think a bathroom looks 'adorable' you must not be willing to pay any more than its worth! This especially applies at auctions where the atmosphere makes it very hard to not bid.

Can I loose the equity that I have created:

Yes, but not likely. If you are savvy about it you can time your purchased property to gain even more equity from appreciation of the housing market in addition to creating immediate equity.

Increase of real estate value by percentage in Australian Districts

To look at the graph: http://www.use-your-equity.com/BuyingHousesatadiscount.html

As we can see from the graph, housing prices eventually all go up due to increasing demand.

The only time you can loose money is if you sell. If you never sell you will never loose money. You may loose equity when the market goes into recession, but eventually as population and demand for housing increases the property you have purchased will appreciate. If you are looking to continuously gain equity you must purchase in high capital gain areas.

When the market is booming try to purchase properties for a 5%-10% discount.

When the market is flat try to purchase properties for a 10%-15% discount.When the market is in recession try to purchase properties for a 15%-30% discount.

http://www.use-your-equity.com For information on real estate investing, investing, and how you can use and create equity in your home.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Miami Herald

Some impacts of new tax law on local real estate are clear. Some aren't.
Miami Herald
Even though the sweeping tax reform bill was signed into law on Dec. 22, the massive document is so dense that even seasoned real estate professionals aren't entirely sure what it will mean for Miami. While some of the bill's real estate provisions are ...



New York Post

Foreign investors are still snatching up NYC real estate
New York Post
While foreign investors are spending plenty of bucks in the Big Apple, they are not as aggressive as they were a year or two ago. Despite money moving into city assets, New York's reign as the top global destination targeted by foreign investment has ...



Gecina: Parisian Real Estate Player To Have A Strong 2018
Seeking Alpha
The company has made some excellent strides recently, and shareholder value has been increasing. Recent efforts on specializing on Parisian real estate assets (shedding non-core assets), as well as a recent combination with Eurosic, makes Gecina a very ...



Forbes

3 Commercial Real Estate Trends To Watch In 2018 - Forbes
Forbes
Political and economic uncertainty has pervaded the past year, with the U.S. economy showing signs of growth amid low inflation and a distressed retail segment in 2017. Here's a look at three commercial real estate trends to watch in 2018.

and more »


Bisnow

GFP Real Estate Buying FiDi Office Building For $310M In First Big Deal Since Name Change
Bisnow
GFP Real Estate has made its first major transaction since changing its name from Newmark Holdings in October. The Gural family-run company purchased 7 Hanover Square in the Financial District from The Guardian Life Insurance Co. for $310M with the ...



Mainebiz

Southern Maine's housing market still riding high, experts say
Press Herald
The marijuana industry has driven a lot of activity in the Portland industrial real estate market in recent years, said Justin Lamontagne, partner and broker at NAI The Dunham Group in Portland. The growth in that industry – along with craft brewing ...
MEREDA Index: State's real estate activity hits 10-year highMainebiz

all 2 news articles »


Pittsburgh Post-Gazette

Hanna Holdings invests in Seattle real estate tech firm
Pittsburgh Post-Gazette
Hanna Holdings, the holding company for Howard Hanna Real Estate Services, announced on Thursday it has invested in a Seattle-based real estate technology firm that provides a suite of tools to make agents more productive. The O'Hara real estate ...



New York Post

Celebrate New York real estate's best and brightest
New York Post
When the Real Estate Board of New York talks, politicians listen — because the organization provides thoughtful advice on policies that affect all the city's residents. The oldest and most influential trade association in the city represents a who's ...

and more »


Forbes

In Real Estate, It's Location; In Healthcare, It's Compliance
Forbes
Paul Martyn , Contributor I write about the supply chain industry. Opinions expressed by Forbes Contributors are their own. Shutterstock. Pointing out that hospital supply chain management (SCM) practice has left a lot to be desired is about as ...



IllinoisHomePage.net

Real Estate Technology
IllinoisHomePage.net
Indianapolis, IN - Not so long ago, if you wanted to buy a house, you drove around, paged through books of homes for sale and walked through open house days. But in today's Angie's List report, we'll see how technology is changing the real estate game ...


Google News

home | site map
© 2006 TIGER MEDIA