Great Real Estate Bargain
May 24, 2013
Bedroom, 2 Bath Home
Tiny Chocowinity is in eastern North Carolina and
is the site of this beautiful 3 bedroom, 2 bath
single family home. It is in excellent
condition with hardwood floors, a dark wood kitchen
and a two car garage. The asking price is
$169,000, which is 15% less than its current
estimated market value.
Interested in Investing in
Real Estate? Foreclosure Myths You Should Know,
Myth: Foreclosure only happens to those that are poor.
Truth: Foreclosure happens to individuals of all different
walks of life. At the time of purchase, many homeowners are
actually able to afford their homes, but, often times, something
unexpected arises. Many mortgage holders who find themselves
victim of foreclosure arrived at their current situation due to an
unforeseen financial problem.
What does this mean for you as a real estate investor? It means
that you shouldn't just focus on areas that are considered low
income. This is a mistake that many beginners make, as they assume
that those in the low income range are less likely to be able to
afford their mortgages, resulting in foreclosure. You will want to
examine all real estate markets in the United States, as
foreclosure can happen to anyone, of any financial standing, at
just about anytime.
Myth: Foreclosure properties, due to their condition, are not
worth the money the asking price, even if it is a fraction of
Truth: As it was previously mentioned, foreclosure happens to
individuals of all different walks of life. Many homeowners take
great pride in their homes, but many are just unable to afford the
costs of them. This is often what results in many quality
What does this mean for you as a real estate investor? Of
course, it means that you can come across run down foreclosure
homes, which may need many updates or repairs, but you should also
be able to find many foreclosure homes that are in top notch
condition. Of course, it is important to remember that these types
of foreclosure homes are the ones that are the most sought after;
therefore, you need to act quickly when you find them.
Outlined above are two of the most common foreclosure myths
that beginners often fall victim to. To be a successful real
estate investor, you need to be able to separate fact from
fiction. That is why it is advised that you first do your
research, particularly concerning foreclosure properties. You may
want to take a real estate investing course, particularly one that
specializes in foreclosure properties, or invest in a number of
foreclosure property buying guides or books.
~Amon Minor is a writer for www.fastcashinrealestateforeclosures.com
where you can find accurate information about foreclosures
and other related information. Article courtesy of GoArticles.
to Sell a House in a Down Market
Selling a house
in a down market is tough, but with diligence and a few creative
ways, you certainly can do it.
Your house just has to be irresistible, and making it the
most attractive, updated, inexpensive, and best buy in its bracket
will do the job. Find
a good broker or agent first and ask them for help with assigning
a good price. Then
start in on the house.
curb appeal and decor inside.
What is a buyer's first impression of the outside going to
be? Or inside as they
step in to take a look? Make
sure everything is neutral, clean, and updated.
home is one of the best tools available.
If you don't know how to do this, then hire a home stager.
A house has to look lived in and yet not cluttered.
Buyers, as they walk through a home for sale, need to
imagine what each room could be used for if they buy the house.
They aren't buying the furniture and accessories, but these
really help when inducing a reluctant buyer to take a second look.
walkthrough, pathways should be clear -- visitors should be able
to walk around a dining table with ease, for instance.
It's best to practice this yourself.
Pet supplies and other miscellaneous items should be
stashed away for an open house.
your home for sale is critical.
Use a broker who puts your house on the Multiple Listing
Be sure that your house is on the broker's website,
complete with a 3D virtual tour.
You can also be instrumental in marketing your home.
If you have an agent, discuss with him first.
There should be no conflicts.
See if you can print up flyers and network for your house.
incentives. A portable
hot tub or upgraded drapes might be included.
Or high-end stainless appliances in the kitchen.
Some sellers even throw in a vacation or in rare instances,
a car! A junk
incentive just isn't. Use
houses (consult with your broker) as inviting as you can.
Fresh flowers, a bright kitchen, clean bathrooms, even
cookies just baked (or a candle with the same scent) help put
buyers in the mood.
to vacuum and remove deodorizers and do not burn a candle that's
strongly scented (unless it is cookies).
Many people are allergic to chemicals, and if they are
sneezing all the time, then they will be in no mood to buy your
and Cons of Living by the Water | Differences
Between Condos, Town Homes, etc. | History
of the Home Mortgage | Yearly
Home Maintenance Tips | Avoiding
Scams that Target Older Adults | How
to Cure Empty Nest Syndrome | How
to Sell a Home Without a Realtor | Safety
Tips for Retirees | Beginning
Genealogy | 10
Interesting Hobbies | Travel
Tips for Baby Boomers | Fixing
and Flipping Property | The
U.S. Foreclosure Crisis | The
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