Aug
14
How to Sell Your Home and Create a Cash Flow
Posted By: Ramon Rivas on August 14, 2010 at 8:29 amThe information in this message is designed to help you understand about creating trust deeds, real estate notes, or if you have a business and have contracts you also have a business note which will bring you a cash flow that you can receive monthly payments, which brings you steady cash flows. You can also have the option to sell whole or part your real estate notes, trust deeds or business notes. The whole idea here is to first elevate your potential of meeting a home buyer to sell your home to.
Time and time again you might find houses that are for sale but are on the market for a very long time. Most of the time home buyers don’t qualify for a 100% loan and must get 2 loans to equal the 100%. The home seller can offer “Seller Financing” in order to get the house sold.
The home seller has one objective and this to sell that property as quickly as possible. To do this you can create a trust deed which is secured by real estate. This is a real estate note. The real estate note has several purposes and the most important reason is to help the home seller close on the house.
The trust deed that you now have is because you agreed to finance the home buyer so that the buyer could get the house and you can your cash at closing.
Not only do you have cash at closing but you now have a real estate note that you will be receiving monthly payments on from the new home owner. Your home is sold and you have residual income from the trust deed you created. This creates steady cash flows from the trust deeds, real estate notes or business notes you may have. This is what “Seller Financing” is. This occurs when the buyer makes regular monthly payments to you instead of the bank. You now hold an asset that you can choose to keep for steady cash flow or sell part or all of it for cash right now.
This should motivate any home seller to give this a try, after all what could it hurt and it will be a win/win situation for the home seller, as well as for the home buyer. “Owner-Financing” is widely accepted and is an alternative for the home buyer who can’t qualify for a conventional loan. Even if you have real estate notes, business notes or trust deeds for a while you can generate cash flows by selling all or part of it for cash now.
Isn’t that great news for the home seller? This will give the home seller a boost in getting the house sold. Most people would consider buying that house if the they knew that the home seller was willing to create a real estate note or trust deeds to secure the home buyer qualifying for the house. Just envision selling your home much faster then your neighbor down the street because you possess the key to selling your home. “Owner Financing”.
You also have created cash flows created from your real estate notes, trust deeds, or business notes and that can be the key to your financial future.
| Filed Under: Articles Tagged with Banks, Business Contracts, Business Note, Business Notes, Cash Flow, cash flows, Cash Loans, Google, Home Buyer, Lenders, Long Time, Mortgage Companies, Mortgage Notes, Objective, Real Estate Note, Real Estate Notes, Residual Income, Seller Financing, Time Home Buyers, Trust Deed, Trust Deeds |
You see a lot of articles and books about how to make money “real estate flipping.” Perhaps you’re heard radio or television news reports about the illegalities of flipping real estate. Maybe you’ve seen the late-night infomercials promising you easy overnight fortunes.
What’s the truth about making money flipping real estate?
First, real estate flipping isn’t illegal. Because some dishonest real estate investors conspired with deceitful mortgage brokers and property appraisers, their stories made “good news” for newscasters who love to grab attention with “Investors Scam Banks and Bilk Buyers out of Millions!” sound bites. True, some investors defraud mortgage lenders and/or desperate home buyers. Cheating investors hyped up property values, helped home buyers tell untruths on mortgage applications, and conned banks and buyers.
On the other hand, ethical real estate investors make a lot of money real estate flipping. There are many ways to make money flipping real estate:
1. You can help home sellers in foreclosure save their credit by arranging a sale of the property and never even take title. In other words, buy the property and double-escrow the property to a home buyer who wants to live in the home.
2. Find a seller under stress with a bargain property, secure a sales contract, and sell your contract for roughly $500 to $5,000 to a seasoned real estate investor without financing or taking title.
3. Buy a fixer for a bargain price, fix up the property, and sell for full market price.
You can make money flipping real estate without being dishonest or unethical. But first, you need to:
1. Get your credit in order to finance quickly.
2. Study your location so you know what properties sell for.
3. Learn how to negotiate with sellers under stress.
4. Find a good closing agent.
5. Learn how to fix houses or find good professional help.
6. Learn how to sell your property or find a great selling agent.
Before you jump into flipping real estate, do your homework. Copy other successful real estate investors who make money flipping the honest way.
Copyright © Jeanette J. Fisher
Jul
01Find the Right Real Estate Agent for Your Miami Real Estate Experience
Posted By: Ramon Rivas on July 1, 2010 at 9:52 pmWhether you are buying a home or searching for Miami real estate investments, hiring a professional real estate agent can make a difference. A real estate agent can not only help you in finding the right home at the right price but the real estate agent can help you make the buying process run smoothly and easily.
But of course, you need to have the right real estate agent. In order for you to have the right real estate agent, ;you have to spend some of your time doing some research and asking several questions that you need. As soon as you found the right real estate agent, you will be very glad that you need that time in finding that person.
Before you actually get started in looking for home in Miami real estate, as a home buyer you need to educate yourself first. You need to know everything about the buying process. It is advisable not to depend all of these things to your real estate agent. You have to take time in finding out about the market and knowing some strategies that can aid you in your quest. This can help you found out for yourself how reliable, trustworthy, competent and honest your real estate agent is. The more you know the better it is. But of course, having a real estate agent is still a good way in making the process run smoothly since there are things that the real estate agent knows that you do not. Actually, a real estate agent can get combinations and keys for viewing properties quickly than you do.
In your search for real estate agent, you have to make sure that he/she is very much familiar with Miami real estate market. The real estate agent should know the area and community that you wish to purchase a home or property. It is advantageous that you hire a real estate agent that has a huge knowledge about the area and as well as the current market value. The right real estate agent can aid you find the best property and can make you save thousands of dollars.
In finding a real estate agent, you can ask for recommendations from family and friends. Then you have to contact few real estate agents and schedule them for interview. In there interviews, you have to take time in asking few questions. You have to ask and know how long they have been in real estate. If they work full time and how familiar they are about the market. You also have to ask about their experiences in real estate. Asking questions such as how many sales have they worked with last year, the price range of those homes they sell, how often they have worked with a buyer or a seller and so on.
You have to find and have a real estate agent that is communicative, honest, trustworthy, and well-educated. Finding the right real estate agent can aid you in finding the best property in Miami real estate and can give you a smooth and perfect real estate experience. Shop around for the right real estate.
Jun
27Expired Listings – 7 Steps to Sell Fast and Get Top Dollar
Posted By: Ramon Rivas on June 27, 2010 at 11:06 amOver 50% of homes listed for sale do not sell during their listing period, in some markets its’ as high as 65%. The dirty secret in the real estate business is that most homes don’t sell on the first go around. Blame the agent blame the home owner both are at fault. 7 steps below will give you the best chance of your home selling first time out.
1)Price it Right – Far and away above any other consideration is the price. The worst home in the worst area at the right price will sell. Get your head out of the clouds, as a seller it’s just another house.
2)Hire the Right Agent – Interview 2 to 3 agents, hire the one who uses the most tools to market your home. The I’m No 1 and pat their self on the back real estate designations are not going to get your home sold.
3)Team Approach to Selling – Agents who use a team approach to their business have the right attitude towards real estate. Today’s single agent actually does 14 different jobs in the home selling and buying process. A team can spread the work load, specialize, and has less chance of dropping the ball (you and your house).
4)Advertising Systems – Where, when and how often will your home be advertised in newspapers and home magazines. We know that about 90 to 95% of calls on ads reject the house after receiving all the information. But it is a fact that advertising especially using a 800# call capture systems with a compelling ad will draw buyer prospects for your agents’ team to work with.
5)Signs and Sign Riders – signs with 800# call capture number. Show your agents web page address. Web page must have free reports and other areas for buyers to register. Sign riders offer compelling reasons for buyers to call the 800#, zero down, special financing, low down payment, Buy this house and I’ll buy yours for cash are some that work well.
6)Open Houses – One of the least effective ways to market a home. Saturday or Sunday afternoon for 3-4 hours you go to the mall and your agent hangs out watching TV. How about an open house tour 5 to 6 homes open the same day for 15 to 20 minutes each, the group goes from house to house creating an auction like affect and get to you stay home and see the show.
7)Visual Tours & Photos By using visual tours and multiple photos your agent will get your home placed higher on websites like Realtor.com. Almost 80% of home buyers start their search on the internet it is best for you to be at the top of the list. You can also email your home to friends, neighbors, co-workers, hand-out C/D’s at open house tours. Your agent will also send these out to the top agents in your area.
Agents with multiple approaches to the marketing of your home will work best for you. They are internet savvy have a team and support staff that can handle the various tasks involved with finding the right buyer for your home.
Jun
23Essential House Selling Tips: Don’t Curb a Buyer’s Enthusiasm
Posted By: Ramon Rivas on June 23, 2010 at 8:10 pmBefore listing your home, some real estate agents will tell you to work on the outside of the house first, but unless there is a major project involved, or your in a hurry to list, it is probably best to save the outside for last. There are two main reasons for this.
First, the first steps in preparing the interior of the house are easier. They also help develop the proper mind set required for selling – beginning to think of your “home” as a marketable commodity.
Second, the exterior is the most important.
A home buyer’s first impression is based on his or her view of the house from the real estate agent’s car. They call that first impression “curb appeal.”
So take a walk across the street and take a good look at your house. Look at nearby houses too, and see how yours compares. Then it may be time to go to work.
Landscaping – Is your landscaping at least average for the neighborhood?
If it is not, buy a few bushes and plant them. Do not put in trees. Mature trees are expensive, and you will not get back your investment. Immature trees do not really add much to the appearance value of the home. For house selling tips about ROI see that section
If you have an area for flowers, buy mature colorful flowers and plant them. They add a splash of vibrancy and color, creating a favorable first impression. Do not buy bulbs or seeds and plant them. They will not mature fast enough to create the desired effect and you certainly don’t want a patch of brown earth for home buyers to view.
Your lawn should be evenly cut, freshly edged, well watered, and free of brown spots. If there are problems with your lawn, you should probably take care of them before working on the inside of your home. This is because certain areas may need to be re-sod, and you want to give it a chance to grow so that re-sod areas are not immediately apparent. Plus, you might want to give fertilizer enough time to be effective.
Always rake up loose leaves and grass cuttings.
