|Real Estate Information|
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced properties are available if you know how to buy them.
By Jody Hudson - Realtor since 1972.
How to FIND and BUY: Cheap Bargain Real Estate, Good Deals, Below Market, Low Priced and Less Expensive; homes, lots, land, businesses, and condominiums. They are everywhere and easy to find. Here is how to find and buy them from anyone, anywhere.
This article lays out the steps: How to find and buy a Bargain, A Good Deal, in real estate; that is; how to get it real cheap! Yes, there are ways!
Nearly every call or e-mail that I get is asking me to find the buyer a bargain. We all feel that way when we are buying as well. All of us want a good deal. We all want to get cheap real estate. And we can all do it.
There is a bit of a challenge however. Every single buyer that I've ever had in my thirty two years of selling real estate has wanted to sell the property they have for more than it is worth. Herein lays our challenge as Realtors -- and of course for you as purchasers.
To get those HOT deals in real estate there are at least three things you must do:
1. First of all as a buyer you must be able and willing to act faster than any other buyer.
2. Second you must be able to know a bargain when you see one. This takes experience and education in the specific market . Any assumptions made from other markets, about the subject-inteded market, will sentence you to certain failure...
3. Third you must BUY it. That is write a deposit check and write a contract that will win over the other contracts that may be presented at about the same time as yours.
This group of three steps, sounds simple, but only about one buyer in each ten year period is willing to do these three things in order to get the cheap property they have asked us to find for them! I have several people, and so do most Realtors, that are the most; ready, willing and able and we call them first! If you want to be one of the ones called you must be MORE ready, willing and able!
Recently, August 2002 the waterfront home next to ours was listed for sale for $249,000 and it was worth at the time about $350,000. Kate and I called each of our family members, our wonderful neighbors on the other side (one of whom is a local builder and the other a mortgage broker) and some of our best clients and a best friend of ours, a builder and investor, who had already said he liked the fine home. (Note that property is now worth about $800,000 Sept. 2004).
We explained that the home was going on the market in a few hours and that they must act fast. Our neighbors on the other side, the most knowledgeable of the bunch wanted to make an offer of $180,000 saying they thought that was all the property was worth. They knew better or at least should have and they should have bought it. They just "hoped" they could get it for less and that they didn't have to move fast. The offer they made was ignored and wasted our time. They did however get another property in a few days, for a lot more money, that was worth a lot less, as a result of improved alertness and awareness after loosing the one next to us.
Our savvy investor friend put in a couple of offers below the asking price with several contingencies. Meanwhile we are telling everyone to write a contract for full price with no contingencies and calling on both our phones as fast as we could call. None of our best friends or family would pay attention. They were ALL too greedy. They knew the property was far under-priced but wanted it for even less... Lesson: when it's a good deal - ACT instead of getting more greedy and losing the deal totally.
Then our lovely new neighbors came and saw the property. They also were knowledgeable about similar properties, and had lost several properties they liked by moving slow, writing unreasonable contracts and not paying attention to real values.
This time they did it correctly. In fact they wrote a contract on the spot, with no contingencies, and for MORE than full price so that if anyone did offer full price they would still have the best chance. They paid $5,000 more than the full price on the spot, told the sellers they could have settlement any time they wanted it and before they even heard back from the sellers they arranged for a mortgage of MORE than they needed and asked for the money to be immediately available. They did not ask for a home inspection, a survey, or for the sellers to fix anything. The home is 30 years old and has not had one bit of maintenance. There was a burst hot water tank, a roof that needs replacing and a few HUGE cracks in the foundation. All these problems cost them about $15,000.
They have, as I write this, owned the property for several months and worked on it every weekend, before they could take a break and enjoy it. They love it. If they were to fix all of the things that need fixing, paint the trim and freshen up the yard and landscaping; we could get $900,000 to $950,000 for this home for them in a few months on the market. And, city sewer will be here in a few years, at that point the property will instantly go up another $200,000 and all the people we called knew about the pending sewer too.
The buyers didn't find out about the sewer coming to town until after they had contracted to purchase the property. The sewer is still not in -- WOW. They are glad they did the One, Two, Three to make it happen!
By doing the three things listed above the purchasers of the home next to us have made the wisest purchasing decision thus far in their lives and have one of the best bargains that have been available in the last several years. The sellers are happy too as they just wanted to sell it as fast as they possibly could, due to a sudden and dangerous illness of one of the owners.
I'm writing this article to serve you the reader. But you must know it is self serving as well. Much of our time as Real Estate Agents is spent trying to successfully educate our buyers and sellers. If they would take our advice they could be far, far, more successful in selling or buying. The articles I write here http://www.kate-jody.com/essays/index.html are those advices that I give my customers and clients - if they ask. Most don't and when they do, very few take the advice. Just like in every other profession, we the professionals do what we can to help those who come to us but it's up to them to take the advice.
Bargain homes are always available - but hard to sell. They are homes that are in need of some repair or cosmetic improvement or that are in an area of transition. We have several on the market right now and they are hard to sell. Someone with vision will eventually purchase them, fix them up and perhaps sell them at a huge profit - often to someone who says they want a bargain but won't do what it takes to get a bargain. Funny isn't it, and this sort of thing happens all the time. It has consistently happened in my 35 years in the real estate business and being a licensed Realtor since 1972. Just know this, if you want a fixer-upper, so does everyone else, but you need to be very, very, educated and able to spend the time and money to renovate the property effectively and affordably. And, you need to do One, Two, Three!
If you want a bargain; educate yourself and be ready to DO -- One, Two, and Three. We'll try to help you.
By Jody Hudson Copyright 2002-2004 www.Kate-Jody.com
Jody Hudson: MrJodyHudson@earthlink.net
Jody Hudson was raised as a farmer in Delaware. In 1969 he and his father began "planting houses instead of crops" on the land. It was far more profitable. In 1972 he got a real estate licencse. In a few years he became the youngest real estate broker in Delaware history. In 1982 he was selected by Who's Who in American Real Estate as it's youngest member at the time. He has created about 40 residential communities and sold real estate in Delaware and across he nation. He has written several valuable articles http://www.kate-jody.com/essays/index.html for you. Enjoy!
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties, July 5, 2020 - masslive.com
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties, July 5, 2020 masslive.com
Local real estate market thriving in spite of pandemic St. Charles Herald Guide
Racism in Real Estate Cannot Stand Banker & Tradesman
REAL ESTATE TRANSACTIONS Arkansas Democrat-Gazette
SWFL real estate experts say new nationwide flood-risk model won't be a game-changer for area - News-Press
SWFL real estate experts say new nationwide flood-risk model won't be a game-changer for area News-Press
Real estate transactions for July 5, 2020 | Business Roanoke Times
UICâ€™s business school opens real estate department Miami Herald
How Luxury Real Estate Deals Are Moving Forward in States With Spiking Coronavirus Cases - Mansion Global
How Luxury Real Estate Deals Are Moving Forward in States With Spiking Coronavirus Cases Mansion Global
Worcester County real estate transfers - Entertainment & Life - telegram.com - Worcester, MA - Worcester Telegram
Worcester County real estate transfers - Entertainment & Life - telegram.com - Worcester, MA Worcester Telegram
Most real estate pros disagree with 'master bedroom' name change Houston Agent Magazine
Routt County real estate sales total $36.7M for June 26 to July 2, 2020 Steamboat Pilot and Today
Sponsored: Real Estate Confidential: Homeowners â€” Time to list your home? - Martha's Vineyard Times
Sponsored: Real Estate Confidential: Homeowners â€” Time to list your home? Martha's Vineyard Times
May 2020 Emeryville Real Estate & Rental Report: Listings and Sales Decline Amid High Inventory - evilleeye.com
May 2020 Emeryville Real Estate & Rental Report: Listings and Sales Decline Amid High Inventory evilleeye.com
Real Estate News | Business Charleston Post Courier
Real estate Q&A: Who has to pay for place to stay while rental home is tented for termites? - Boston Herald
Real estate Q&A: Who has to pay for place to stay while rental home is tented for termites? Boston Herald
Photos: Real estate agents welcome potential buyers at open houses Winston-Salem Journal
ON THE MARKET: Artisan Builders crafts a delight Inside NoVA
Real Estate Q & A | Real Estate The Grand Junction Daily Sentinel
Q&A: Christian Brothers Automotive CEO talks commercial real estate, essential business operations amid pandemic - Community Impact Newspaper
Q&A: Christian Brothers Automotive CEO talks commercial real estate, essential business operations amid pandemic Community Impact Newspaper
Real Estate Prices Fall Sharply in New York The New York Times
Real estate team ranked No. 2 | Business | swoknews.com The Lawton Constitution
In West Bank settlements, money is on an annexation real estate boom The Times of Israel
Real estate stocks benefit from second quarter rally The Real Deal
Real estate groups challenge San Franâ€™s permanent ban on coronavirus-related evictions - The Real Deal
Real estate groups challenge San Franâ€™s permanent ban on coronavirus-related evictions The Real Deal
This Weeks Nantucket Real Estate Review Nantucket Island Inquirer
REAL ESTATE MATTERS: Buyer worried about seller seeing preapproval letter Sarasota Herald-Tribune
Real Estate | News, Sports, Jobs Morning Journal News
Sold: Search the latest Macon County real estate transfers Herald & Review
SNYDERS STOUGHTON: Real estate developer writes motivational book Wicked Local Stoughton
â€˜James Hatton Jr. Showâ€™ to tackle real estate and wealth building on WKOM - Columbia Daily Herald
â€˜James Hatton Jr. Showâ€™ to tackle real estate and wealth building on WKOM Columbia Daily Herald
Real estate investors struggle to raise financing to buy offices Business Insider
All Things Real Estate: Deeding house to your child a bad way to transfer property - Fairfield Daily Republic
All Things Real Estate: Deeding house to your child a bad way to transfer property Fairfield Daily Republic
15,000-Foot Estate Could Set Record For Most Expensive Real Estate Sale In El Dorado Hills - CBS Sacramento
15,000-Foot Estate Could Set Record For Most Expensive Real Estate Sale In El Dorado Hills CBS Sacramento
DOWNRIVER REAL ESTATE | Ads | thenewsherald.com Southgate News Herald
Donate Real Estate Colorado Public Radio
Commercial real estate 'somehow has been skipped over,' for COVID-19 aid. Here's a plan to change that through equity investments - MarketWatch
Commercial real estate 'somehow has been skipped over,' for COVID-19 aid. Here's a plan to change that through equity investments MarketWatch
Real Estate Market In Metro Denver Seeing 'Increased Demand, Few Choices' Colorado Public Radio
Controversial police interview with real estate developer may have been detrimental to sexual assault probe - Milwaukee Journal Sentinel
Controversial police interview with real estate developer may have been detrimental to sexual assault probe Milwaukee Journal Sentinel
Chicago real estate agents stop using term 'master' bedroom Crain's Chicago Business
Recent Commercial Real Estate Transactions The New York Times
Shawnee sells Nieman Catalyst Site to Box Real Estate for live/work concept project - Shawnee Mission Post
Shawnee sells Nieman Catalyst Site to Box Real Estate for live/work concept project Shawnee Mission Post
Real Estate Insider: Troy hotel owner tries to give lender the keys Crain's Detroit Business
Manhattan's residential real estate market faces a reckoning as the industry comes out of the pandemic, quarterly reports show - Crain's New York Business
Manhattan's residential real estate market faces a reckoning as the industry comes out of the pandemic, quarterly reports show Crain's New York Business
Valley real estate market booms in pandemic | Blaine County | mtexpress.com - Idaho Mountain Express and Guide
Valley real estate market booms in pandemic | Blaine County | mtexpress.com Idaho Mountain Express and Guide
Real Estate Agents Return to Work as City Reopens The New York Times
5 Real Estate Trends to Watch ThinkAdvisor
Prolific commercial real estate broker Jason Gallelli dead at 51 Sacramento Business Journal
Blackstone Sees Film-Production Facilities as a Hot New Real-Estate Play The Wall Street Journal
LA Real Estate Developer Bidding on the Mets metsmerizedonline.com
LA real estate developer latest bidder for the Mets New York Post
Real Estate Roundup 6.8.20 Real Estate Daily Beat
Realtors report out-of-state rush on Montana real estate Missoula Current
6 Hot Real Estate Markets in the US Think Realty
These real estate sectors may be doing better than you expect - San Antonio Business Journal - San Antonio Business Journal
These real estate sectors may be doing better than you expect - San Antonio Business Journal San Antonio Business Journal
John Legend Calls Out the Real Estate Industry on Twitter Architectural Digest
Tenant Talks: Life Science is COVID-Proof Real Estate Commercial Observer
FC Barcelona star and business partner want to create 100,000 Black millionaires through real estate investing - CNBC
FC Barcelona star and business partner want to create 100,000 Black millionaires through real estate investing CNBC
Heightened buyer demand influences Naples real estate market Naples Daily News
Artificial Intelligence Real Estate Firm OJO Labs Raises $62.5 Million, Buys Home Listing Site - Forbes
Artificial Intelligence Real Estate Firm OJO Labs Raises $62.5 Million, Buys Home Listing Site Forbes
Volusia County's Real Estate Market Takes a Hit During Pandemic News 13 Orlando
Public Real-Estate Companies Are the New Way to Buy Distress The Wall Street Journal
Redfin and Zillow resume home-buying businesses in scattered markets, citing real estate rebound - GeekWire
Redfin and Zillow resume home-buying businesses in scattered markets, citing real estate rebound GeekWire
Authorities Arrest LA Councilman Huizar in Real Estate Corruption Scheme [Updated] - Commercial Observer
Authorities Arrest LA Councilman Huizar in Real Estate Corruption Scheme [Updated] Commercial Observer
Lockdowns ease in New York City and other major cities, but commercial real estate still tied in knots - MarketWatch
Lockdowns ease in New York City and other major cities, but commercial real estate still tied in knots MarketWatch
2020 Power Leaders in Real Estate (Part 1) South Florida Business Journal
Buying and Selling Real Estate: Negotiating to Win-Win
You don't get what you deserve - you get what you negotiate for.If you've spent some time on homekeys.
Good Faith Deposit - Real Estate Transactions
In a real estate transaction, a touchy issue is how much trust the seller has in a buyer. The existence of a good faith deposit helps put a seller at rest.
Guide To Finding The Perfect Central Illinois House
Central Illinois is an area rich in cultural activities andbusiness opportunities. The quality of life experienced bythe residents of the numerous close-knit communities issecond to none.
Feel At Home Faster After You Move
Moving to a new community can be a great adventure, if you go with the right attitude and a sound strategy for settling-in. Incorporate these tips into an action plan, and you'll stay focused, organized and proactive-just what's needed to put roots down fast.
Home Buying Checklist - Windows
If you are in the market to purchase a home, it can be easy to fall in love at first sight. Do so at your own risk.
Real Estate Value: Knowing yours is Key to Mortgage Success
The value of the real estate you own, whether it is your personal residence or an investment property, is critical to your mortgage and financial success. If the balance on your mortgage is close to or higher than the value of your property, your real estate is not the financial machine it should be.
Odors Can Make or Break The Sale of Your Home
It's amazing how important the sense of smell is to many people. If you're selling your home, and this applies across the board to houses, townhouses, condos, apartments, or whatever, you need to be aware of the power of odors.
Cutting Edge Real Estate, Is the Bubble Ready To Burst?
Of course, this is the big question in real estate now. .
Real Estate Investing - The Motivated Seller
How the heck do you find a "motivated seller?"The motivated seller doesn't wear a tattoo on his forehead that announces the distinction. And he never drags you onto his property begging you to buy.
Realtors - Self Promote Your Way To Success
Okay, so we all can agree - listings are the lifeblood of the real estate industry. And if the keys to selling them arelocation, location and location, then the challenge in getting them is self-promotion.
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced properties are available if you know how to buy them. By Jody Hudson - Realtor since 1972.
Home Loans - Identity Theft Protection Could Hurt Home Sales
Identity theft has been a hot topic in the news during the last few years. Just a month or so ago, forty million credit card numbers were compromised due to a computer attack on a credit card processor.
Talk to a Lender Before You Sell Your Home
If you're looking to sell your home quickly, and for top dollar, the best thing you can do is to be able to offer your buyers some sound financing options. That's why developing a relationship with a lender can be the key to a quick sale, and to more money at closing.
5 Hot Tips for Successful Real Estate Investment
The last downturn of the global stock market saw millions of 'every day' investors having their fingers badly burned. Overnight life savings were eaten away, retirement funds went into decline and the economic forecast for all of us who had any money invested in stocks and shares was gloomy to say the very least.
A Simple Step by Step Aproach to Fail Your Way to a Million Dollars
If You want to be Financially Successful you need to Learn to FailAt a Robert Allen Seminar he said the difference between successful people and unsuccessful people (Financially Successful) is that Successful know how to fail. He went own to say that in order to be successful you need to learn to fail, Unsuccessful people fail to get that 9-5 Job that pays $25,000 to maybe $90,000 a year and when they finally succeed what do they have a 9-5 Job.
Purchasing International Real Estate
Interested in investing somewhere other than your back yard?Management companies have made it as easy to have a revenue property across the world as it is to have it across the street. You don't want to be collecting rents and plunging the toilets no matter WHERE it is!Different laws in different countries means some research is definitely in order.
How to Build Your Free House
What if you could "place an order" for the construction your Dream House (made either for your family, or for monthly rental income) and have it built for you in only a few months, or maybe weeks?!What if you could get other people to do all the work..
Investment Property - Leveraging Rental Property Equity
Owning investment property is a tremendous wealth building strategy. Thousands upon thousands of individuals have amassed great wealth by investing in rental properties.
The Real Estate Agent Alphabet
Alphabet Letters after a person's name seem to bestow some kind of special prestige. PHD, MD, ESQ are common.
Selling Houses: Flooring & Feelings
Buyers think they love Italian tile and other hard floor surfaces, but they actually feel happier when they're walking on softer surfaces such as padded carpeting and padded laminate. Even so, you'll want to give some serious thought to the floors in your home if you want to sell quickly, and for the highest profit.
|home | site map|
|© 2006 TIGER MEDIA|