Whether you are a buyer or seller, here are some helpful tips to enable you to make the best out of a real estate transaction.
(there is a free ebook: 101 Tips For Selling Your House,for you to download, from a link at the bottom of this page).
Pick a developing area. You can scientifically predict which areas are boom towns or not by reading the business pages.
Learn the real estate market in the area you picked. You need to develop a thorough knowledge of what properties are available and the going rates for houses. Be ready to make an offer in the shortest time possible.
Make your offer to buy conditional on a thorough inspection of the property. If you discover some problems, try to negotiate for a lower price to offset the inherent property flaws.
Be patient and prepared to keep looking until you find the right house that will give you a good return on your investment.
Make sure that you let natural light inside the home during a buyer’s inspection. Open curtains, draw the blinds and turn on all lights in all rooms of the house.
Repair and/or renovate door and window hinges, door handles, broken shutters, leaky faucets, broken bulbs etcetera. Make sure that there are no squeaking doors, windows close and open smoothly and faucets are leak-free!
Deodorize the house to neutralize pet or tobacco odors. Better yet, bake bread or chocolate chip cookies before a buyer makes a visit to your home!
Make sure the house is cleaned from top to bottom, inside and outside including all those hidden corners, under the sinks, bath tubs and baseboards. Mow the lawn and trim the hedges!
Get rid of all unnecessary clutter and personal souvenir! Buyers want to see the home as they would live in it and not as you live in it!
Give your home a fresh coat of paint inside and out. Painting your home is one of the most important and inexpensive investment you can make to maximize your sale price.
Real estate is slowly becoming a rewarding investment, more rewarding in fact than stocks and bonds because they have not been performing as in the past.
On the other hand, real estate investment is performing beyond expectations because of its appreciation and due to demographic factors.
Analysts have been claiming that the real estate boom will fizzle out but that was 4 years ago and the market continues to improve due to demographic factors, lower loan interest rates and easier mortgage requirements!