![]() | |
![]() | |
![]() |
Real Estate 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: Newer legal tool helping heirs keep family homes in Cook County Chicago Tribune America’s Hottest Real Estate Market: Why Everyone Is Buying Homes in This California City Yahoo Finance How the $1.8 Billion Real-Estate Commissions Lawsuit Came to Be The Wall Street Journal Dominion takes downtown real estate holdings off the market RichmondBizSense Editorial | What’s at stake in court’s real estate ruling on fees Santa Cruz Sentinel Real Estate Transfers - Sent-trib Sentinel-Tribune Employee Spotlight: Scott Loper, Real Estate Project Manager Tampa International Airport Real estate transfers: Craftsman ranch in Bath with basement fit for ... Akron Beacon Journal Real Estate announce new album, tour with Milwaukee stop Radio Milwaukee Island real estate transactions - 11-29-2023 The Anna Maria Islander Navigating Today’s Real Estate Trends - Bryant-Hafizi Real Estate Magazine of Santa Clarita Ontario Modernizing Rules Governing Province's Real Estate ... Government of Ontario News Whiplash of the real estate market – and taking it back to the 90's. Tahoe Daily Tribune Real Estate Experts Share Their Predictions for the 2024 Housing Market: Will Prices Finally Drop? Yahoo Finance Commercial real estate group names 2024 board Greater Wilmington Business Journal Cuts in taxes eyed in Danville GoDanRiver.com Milwaukee Press Club: Real estate developer Tim Gokhman to ... WisPolitics.com New York City's Biggest Real Estate Loans in October The Real Deal JESCO: From energy innovations to real estate ventures The Worldfolio Wood County real estate transfers | News, Sports, Jobs Parkersburg News Real Estate: November 13 to November 17 Newport This Week Foster Real Estate Report: The #1 reason why real estate deals fall through Shawnee Mission Post Beyond the Headlines: How COVID Impacted Commercial Real Estate Wealth Management Three agents join Weichert real estate team | Local News ... Tullahoma News and Guardian MIG Real Estate Pays $33M for Mission Viejo Industrial Orange County Business Journal Worcester County real estate transfers, Sunday, Nov. 26 Worcester Telegram Aspen Real Estate Snapshot, Nov. 27 Aspen Daily News Mayor Jumaane Williams and Other Possibilities That Worry Real ... Commercial Observer RESIDENTIAL REAL ESTATE: Sinderhoff Los Angeles Business Journal Headwaters Highlights: How the real estate office powers Pittsburgh ... lrp.usace.army.mil REAL ESTATE | Charming home at 447 S. Eighth Avenue in West ... washingtoncountyinsider.com The future of real estate commissions | CU Boulder Today University of Colorado Boulder Berks County real estate transactions for Nov. 26 Reading Eagle Clark County accepting bids for real estate and mineral rights plots MyWabashValley.com Wilton Real Estate Report (Nov. 17-23, 2023): Five Homes Change ... Good Morning Wilton Garner family bestows real estate gift to Lyon College Heber Springs Sun-Times Inside Emma Stone's Stylish Real Estate Portfolio Architectural Digest Real Estate Sales Include Funeral Home, $1.26M Lakewood ... Jamestown Post Journal Why young people should want to grow up to be real estate agents Atlanta Business Chronicle NJ real estate: Somerset County home sales My Central Jersey Canada's Real-Estate Market Stumbles as Rate Hikes Bite The Wall Street Journal Local Buyers Watch Real Estate Prices Drop as Seen with 4 ... frontporchnewstexas.com East Cobb residential real estate sales, Nov. 6-10, 2023 East Cobb News Dennis Agalli, CEO of Employer Capital, Announces Expansion to Real Estate, Finance, and Affordable Housing Solutions Yahoo Finance 3 Real Estate Stocks That Could Make You a Millionaire The Motley Fool 152 Kent units open, with pickleball courts, following Goodman hotel ... Seattle Daily Journal of Commerce November 17-23 Gulfport Real Estate Sales The Gabber Newspaper REAL ESTATE | Papa Johns job openings for West Bend, Wi store washingtoncountyinsider.com Indiana Real Estate Investment and Development Company ... Lebanon Reporter Real estate broker Carlos Marquez discusses the Valley's chances ... Rio Grande Guardian Erie County real estate transactions Buffalo News Southlake business park will kick off in early 2024 The Dallas Morning News Santa Rosa: See how much real estate prices have changed last week The Santa Rosa Press Democrat Cozen O'Connor releases annual real estate survey New York Real Estate Journal Online |
![]() |
![]() |
![]() |
RELATED ARTICLES
As a Realtor, How Do I Attract Listings? Have you ever noticed that despite the massive number of Realtors in your area, only a hand full are making a fortune selling real estate? Regardless of who these realtors work for; GMAC, Century 21, REMax, they are extremely successful where others in their office are barely scraping by. What is the secret to their success? First and foremost, it is their approach to marketing themselves and their customers. Buy or Sell First? When it comes to home buying, the ideal situation would be to find a new home, just as you receive an offer on your existing home. You would then be able to close concurrently and move into your new home a few days prior to closing on your previous home. How To Realistically Get Started As A Real Estate Investor When it comes to real estate investing, most beginners find themselves with plenty of desire, a little bit of knowledge (from books, seminars, online message boards or something like that) and in most cases they have little or no money to get started with. Does this sound like you? If so you are not alone. Invest In Real Estate - But Where? Where should you invest in real estate? If you know an area well, and have enough experience investing in real estate, you can make money almost anywhere. However, there are always places that are better or worse for real estate investments - places that have a better demand/supply ratio. Grab Your Dream UK Home On The Cheap - Property Auctions Did you know that every year thousands of UK properties are sold at significantly below market value? The majority of these properties are released through property auctions where regular savings of between 10% to 40% are available to market value. Even so, property auctions continue to be used only by the elite and for the astute buyer/investor this generates a fantastic opportunity to secure a dream home/good investment at bargain basement prices. Real Estate Internet Marketing Is The Way To Go Real estate Internet marketing is a booming business, along with all other forms of Internet businesses. Now, it seems that very little can't be sold over the Internet. What is a Predatory Lender? Several months ago, the 3,000-member California Association of Mortgage Brokers (CAMB) created the first real definition to describe the abusive lending practices of predatory lenders. According to the CAMB, predatory lending was described as "placing consumers in loan products with significantly worse terms and/or higher costs than loans offered to similarly qualified consumers in the region for the primary purpose of enriching the originator and with little or no regard for the costs to the consumer. Do Bankers, Bubble, Discounters, & Justice Department Cloud Real Estate Industry? Once relegated to the classified advertising section of the local paper, real estate has jumped to front-page headlines and covers of national magazines. Leaders in the real estate industry are weary from interview requests for their perspectives on market conditions, the ongoing battle with the banking industry looking for entry into residential real estate brokerage, online brokerage commission discounters and investigations into their business practices from the U. Ten Tips For Selling Your House One of the biggest mistakes people make when selling a house, is not understanding real estate value. It doesn't matter at all what you think your home is worth. An Estate Planning Primer An estate plan can be designed by clients and their professional advisors to achieve the client's personal and financial objectives. Or, it can be an arrangement imposed upon survivors by state intestate succession laws if someone dies with¬out a valid, up-to-date will. Four Reasons To Offer Seller Financing An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it. Where is Florida Investment Property Florida Investment Property - Why Investing is a Wise DecisionThere are many reasons to purchase investment property in Florida, the foremost being value appreciation. Property values generally rise while debt decreases; making real estate purchases a good investment. Successful Real Estate Investing One of the best roads to wealth in America has always been the acclimation and development of good, solid, income-producing real estate. Real estate ownership is one of the best ways to achieve financial independence for the average person. Selling Your Home Yourself - Pricing It Appropriately When you're selling your own property, whether it's a house, townhouse, condo, apartment, a finished lot, raw land, a farm, a ranch, or whatever, the first thing to get right is the price you ask for it. If you work with a broker, the legwork is done for you. Selling Houses: The Basics of Design Psychology I'm often asked about the basics of Design Psychology, which offers innovative interior and exterior design ideas for increasing profit and shortening market time. In reply, I begin by saying that Design Psychology's strategies go well beyond normal cleaning, painting, and repair. Purchasing Land: What To Look For It doesn't take long to realize that finding the right piece of property is the most important aspect of new home construction. In a development, restrictions and easements have already been sorted out, but if you are looking for a stand-alone piece of vacant land, you're on your own. How Can the Average Person Build Wealth in Real Estate? Books on real estate are a dime a dozen-and most focus on taking advantage of someone else's misfortune. They frequently describe lofty methods for buying and selling properties no ordinary citizen can be successful using. How I Became a Real Estate Investor Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. Using The Internet In Your Lease Purchase Business First you need to find a list of For Sale By Owner Sites. You do this by going to one of the major search engines. Rehab Your Way to Wealth: The Quick Way to Fixer-Upper Success Completely rebuilding a house is not necessary to make money in investment real estate. Most times, if you have bought smart, you won't have to make a huge improvements on your investment property. ![]() |
home | site map |
© 2006 TIGER MEDIA |