Dec
12
ReiFax Webinar Training – December 9th, 2011
Posted By: Ramon Rivas on December 12, 2011 at 10:07 amDecember 9th, 2011
Hello and Welcome to the ReiFax.com Webinar Training Archive for December 9th, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:
- Q: What search parameters would you suggest for a beginning wholesaler?
- Q: When searching for probates the results give the owner as “John EST Smith”. Is there a way for REIfax to show the executor of the estate?
- Q: What is the difference between active and market value?
- Q: In ReiFax, is there a database for keeping an organized list of buyers and sellers?
- Q: what is the best way to find the homeowner after they moved out of the home before it foreclosed?
| Filed Under: ReiFax Trainings Archive Tagged with Buyers And Sellers, Executor Of The Estate, Google, Hello, Parameters, Subscribers, Webinar, Wholesaler |
To be honest, the recovery of the Real Estate Market has a lot to do with the relationship between these two important statistics: The Number of Qualified Buyers and The Number of Homes available to these buyers. Like in any other market, if you have too many homes available and too little buyers, then prices are going to drop in a desperate attempt to move the inventory.
Some researchers say the shadow inventory could go over 7 million properties in 2010, and it could take over 47 months to liquidate these properties. It could be, but as scary as the numbers may look, I don’t want to rely 100% in statistics, so I would like to know what you think. I want to get the opinion of Real Estate professionals that are actually out there, working hard to move the inventory in their own local markets and dealing directly with buyers and sellers.
I could spend days speculating about what is going to happen with the Real Estate market, but instead I would like to know what’s your take on what’s happening with the Real Estate Market today. Based on what you see out there as you go out day-in and day-out to buy and sell properties, what do think 2011 will have for in store for us?
I really care about your opinion, so at the end of this article there is a form where you can send us a quick reply about your personal experience in your market.
Some of the things I would like to know from your professional experience are:
- Are prices Declining again in 2011?
- Have we reached the bottom of the Market?
- Are we seeing signs of recovery?
- In your opinion, Is the government going to have to intervene again?
- Are people buying enough homes to liquidate the so called “Shadow Inventory”?
- What are some possible solutions to restore the market back?
I want to thank you for your participation, so let’s get the conversation started….
Jul
29Find Out How To Succeed In The Online Real Estate Market
Posted By: Ramon Rivas on July 29, 2010 at 1:59 pmIf you are planning on indulging in real estate investing you should also consider the online real estate market that provides a novel means of buying and selling properties. To begin with, online real estate marketing will involve listing as well as advertising properties over the Internet and it also means getting maximum exposure. And online real estate is a more convenient way of transacting business and is also a lot quicker than traditional ways of real estate investing.
Evaluate Your Property’s Value
However, before you jump into real estate investing and more particularly into the online real estate market, you would need to first evaluate the true value of your property. For this evaluation you can go online or ask a real estate agent to do the evaluation for you. Next, you need to try and use online videos, which are a wonderful way of advertising your property and a whole lot better than the traditional means of advertising.
There are two ways that you can categorize online real estate videos and these are promotional content and pod cast content with each category catering to different types of buyers and sellers.
In any case, by listing your property online you will get a wider audience for your property and so you must be prepared to get queries from many different places. There is no doubt that real estate investing in the online real estate market can be hugely profitable though at the same time it also has its fair share of associated risks, especially if you are not well conversant with online real estate.
You need to be very careful about each aspect of the online real estate deal and this means learning about the proper financing, decide whether you wish to rehab or not and also know how to hire a landlord. Fortunately, there are some websites that deal with these aspects and which allow you to take part in online discussions with others who are interested in real estate investing. In fact, you should also check out articles written on online real estate sites and even sign up for free e-newsletters pertaining to investing so that you are on top of the subject of real estate investing in the online real estate market.
One of the better resources that deal with real estate investing and more particularly online real estate is REI Club Freebies where you will find tons of information as well as numerous resources regarding online real estate. You can read e-books on real estate investing and it is even possible to download these e-books for reading at a later time on your computer monitor. There are also many other resources such as software to analyze properties and information on how to indulge in real estate investing in the online real estate market.
You must also remember that real estate investing and online real estate involves hard work and there are no short cuts that will help you make quick money. Furthermore, because you will be dealing with people who you can’t see (at least in the beginning) you need to be very careful about divulging information without first verifying the credentials of prospective buyers and sellers. Once you get past this hurdle, you should then try and buy properties that are in a rundown condition and then repair and upgrade until it looks attractive to buyers. Also, you should look for properties that are located in places where the rentals are on the high side because in this way you can be sure that your real estate investing endeavors will pay you back good returns.
There are many online foreclosed properties’ lists that you should tap into because you can buy these properties for less money and then sell them at a higher price and thus profit from your real estate investing actions.
The online real estate market abounds with many profitable opportunities, and if you use things such as online videos and perhaps even take a course in online real estate, you will be able to profit from your real estate investing activities.
Jun
16Different Marketing Ideas For Brokering Real Estate
Posted By: Ramon Rivas on June 16, 2010 at 2:00 amBrokering real estate is one of the most competitive business endeavors today and one that needs for people running it to possess the right skills in order to thrive in the market. It is not a secret that the market has been hard on the real estate brokers and agents, with the prices striking all time lows, so the really only way to keep that cash coming is to be able to sell more properties. The current economic downturn has caused more difficulty to the realtors.
Clients have become astute at tying into one realtor and paying them the standard commission that is rather high to them now that houses are now worth lesser than what they originally paid for. These property sellers would therefore prefer a lower commission charged or set a fixed price so they can continue with the sale. So, the impact for the realtor is added burden how to gain their trust, both from the buyers and sellers.
Use referrals
maybe the most traditional tools, but referral can still be considered the best marketing tool nowadays. Giving out your business cards to your satisfied clients will start the game. The sellers or buyers who have been satisfied with your services can pass on the business cards to their colleagues, and catch their attention especially if they are looking for an efficient way to do the property business. Running an ad to several local papers will also keep their eyes on your real estate office and will keep them reminded of the name.
Create a website
Nowadays, running a personalized website is the best way to Advertise your products and services. Everyone is going online, so this is a good point to place your business. Do the things that successful online business owners do, like promoting the website, creating a mailing list, signing up list, etc. Make the website informative by putting good quality articles, which are by the way advisable to make your website attractive to the search engines and so pull many readers to your site where they can find the brokering real estate services you want to provide them. Don’t forget to mention that you want to help people make decision when it comes to buying or selling properties.
Provide honest and quality services
It is always effective to start a business that is honest and provides nothing but quality services. People remember these characteristics when they chanced to experience doing business with you. It gains their confidence and therefore would to keep coming back for more and more importantly to you, pass on a good word of mouth until your business becomes famous all over town.
Be knowledgeable
People ask questions and want information. If they are not satisfied with how you answer, you might lose them. So always make sure, you and your agents are armed with knowledge and experience in the field. Knowing the real core of the entire real estate business is a great way to keep your office running strong and lucrative.
Keep a good base of customers
Finding a list of home buyers is a great way to keep your business thriving. You can do this by placing ads in different places, such as online or putting ads on classifieds. You can even try cold calling and gather good contacts which you know will be helpful in the business.
There are many other marketing ideas which you can incorporate into your brokering real estate business, but the key is to be diligent in every little detail that you do. Confidence, experience, and great quality product and services must be remembered to keep the business lucrative and thriving.
May
14Brokering Real Estate: Can Anyone Get Into The Business?
Posted By: Ramon Rivas on May 14, 2010 at 4:54 amBrokering can come in many different forms and is carried by different professional hats, like those involved in serving as go-between for export/import business, helping negotiate document certification, shipping arrangement, and custom fees, finding exotic cars for the clients, and arranging for buyers and sellers to convene and exchange bonds and stocks. maybe, among the many interesting ones is brokering real estate, where professionals are involved in arranging for people to find customers who will buy their properties, help negotiate and close the transaction successfully, and then, get a commission fee.
Brokering real estate can be a simple yet lucrative business for the reason that you, as a broker, get paid whenever services or goods are being successfully bought, sold, or traded. And the thing is, you don’t have to own a property or even inventory to take advantage of this profitable market. You simply enjoy the independence or freedom you cannot find in any other business endeavors. If you are skillful, you have the potential of making it big in the industry and amassing great wealth, and all this without the need to invest any money for the overhead, equipment, or the start-up expenses.
A lot of people are involved in this lucrative business working as real estate agents. But can anyone get into real estate brokering?
Not really. Why is this so?
Before an individual can work as real estate agent, it is a prerequisite to have a license to work as such. But the good news is it is not entirely difficult to obtain a license. In most cases, there are minimal requirements or qualifications to become a licensed real estate agent. As states vary with their imposed requirements and qualifications, you have to check and ensure you know the eligibility criteria in your specific state before the acquisition of the license.
What are the basic requirements/qualifications?
- the person must meet minimum age limit set, in many cases, 19 years old and above. – educational qualification, mostly a graduate of high school and above.
Meeting these two basic qualifications will make you eligible for the next requirement
- enrolment and passing the pre-license training.
Obviously, getting into real estate business is a lot simpler than getting into other kinds of business endeavors or professional areas. Added to that is that there are real estate schools or institutions offering real estate license training, so anyone who is interested will never have a tough time getting involved in the industry.
Even individuals who don’t want to leave home for specific reasons can still be part by enrolling in online real estate schools to obtain the license. If you want to get the real concept or ins and outs of being a real estate agent or the whole real estate business, it is advisable to take a long duration real estate course such as those spread for 1 year.
Enrolling into a course will allow you to learn the basic understanding plus various aspects, like contracts, deeds, ownership transfers, real estate law, and others, of real estate. After passing the training, you will have to take an state exam, after passing of which, you will undergo and pass another real estate training.
After these procedures, you will now be eligible in brokering real estate and start climbing the ladder of success until you become one of the top agents or brokers in your state. Speaking of climbing the ladder, you may still want to further your real estate knowledge by taking short-coursed education so you would even be more competent in the specific field you have entered.
