This Week In Brentwood

Brentwood Real Estate

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Choosing A Realtor Made Easy

Whether you are looking at buying or selling a property, it is always advisable to work with a very good realtor such as Phil Pustejovsky. You may have a friend or relative who works in real estate, but before you automatically turn to them, you will need to think whether they truly are the best for you. Let’s review two issues of importance when it comes to choosing a realtor.

First of all, always ask for recommendations (we recommend Peter Harris Real Estate). However, do make sure you look deeper as well. Make sure you do your research therefore. Your realtor should also be experienced in your needs. If you have a $200,000 budget, for instance, then you shouldn’t work with a realtor that sells $2 million properties. Do make sure you actually speak to a realtor you are considering. Make sure that you ask things such as how they will represent you and work for you, how much they cost, what their experience is and more. You need to make sure your realtor understands your expectations. You have to make sure that your needs are clear. Finally, you need to actually like your realtor. You cannot trust someone you don’t like, after all. Last but not least, try to work with the realtor with the most experience. It is nice to help people who are just starting, but considering the thousands of dollars involved in realty, you want someone who is able to handle that properly.

Don’t work with the realtor of the owners of the property you are planning to purchase (Freedom Mentor has more details regarding this). This is due to the fact that any information you give you realtor will be passed on to the seller by the realtor, as it is their legal obligation to do so. In the same manner, if you want to sell, you shouldn’t work with your potential buyer’s realtor either. You need a professional that represents you and only you. To start your search, ask people you know whether they have any recommendations. You can also contact the NAR (National Association of Realtors) in order to find a professional for you. Finding a NAR realtor means that you are guaranteed to be represented ethically and professionally. Do make sure you speak to several before you decide which one to go with. Explain your needs and ask what they suggest. It is an opportunity for you to find out how much a potential agent knows about neighborhoods, prices and more. If you want to sell, you also need to know what the realtor’s track record is. You need to know whether they usually sell below, on or above the asking price.

The information above has been designed to help you choose a good realtor. It is their goal to ensure you are able to find the home you are looking for. Make sure, therefore, you pick someone that you can trust in that job.

2 Red Flags To Look Out For When Buying A Home

Not all home sellers are completely truthful about the condition of their property. It is unfortunate that if you were to hire a professional inspector for each viewing, it would get incredibly expensive. Thus, here are a few things that you can spot yourself, telling you to avoid the purchase.

Start by checking out the neighborhood. Is the number of homes and businesses dwindling? Speak to others in the street and ask them about the community. Also check out the land. If you notice that the yard is on a downwards slope towards the property, the foundations could be affected by rain water. You should also look into whether there are any weird smells in and out of the property. Next, check whether there are pests. Ask community members of this, as everybody always knows when someone else has pests.

Now, you need to see how the property was looked after. Signs of regular maintenance are hugely important. If it looks run down from the outside, it is likely that the inside isn’t in a much better condition either. Make sure to inspect the wiring. Only a qualified electrician can identify real problems, but you can have a general look. If you spot that outlets are warm or that lights flicker, there is likely to be a wiring problem. Similarly, if you notice that there is a single wall, or just a few walls that have been painted very recently, where others haven’t, the owners may be hiding something. Also look at the windows. Windows that have mold or condensation or that open with difficulty may be signs of very expensive problems.Never even consider purchasing a property that you cannot see in full. If you notice that walls have been changed or other structural work has been completed, you must find out whether this was done by someone qualified to do that type of work.

When push comes to shove, you are the only one who can work out whether or not you want to purchase a property. It is also true that if you are looking for a true bargain, then a house with problems is what you are looking for. You do have to ask yourself whether that bargain is worth the potential financial hassle you are putting yourself through. A home is a place where someone, either you or a tenant, will have to live and this means it does have to be an enjoyable property to seem extent. It goes without saying that checking the condition of the property itself is very important, but the area it is in must be focused on as well. A property inspector is all you really need in order to look into the condition of the actual property after all. When it comes to the neighborhood, however, you need to have a personal feel, something that cannot be achieved by a check box list.

How To Make Sure You Sell Your Home For Top Price

The most important investment you will make in your home in order to sell it is time. You need the time to make a few fixes to your property, but also to learn about the tips and tricks of real estate. It is people who have learned about real estate that tend to sell their properties for the highest amount. Let’s take a look at a few things that real estate professionals have demonstrated to influence sale prices positively in your favor.

The first thing you need to do is figure out why you are selling. You need to know your motivation, as it will also help you to determine what your available resources (effort, money and time) are. For example, you will need to handle the process of wanting a quick sale differently from wanting a huge profit.

Now, you need to go check the inside of your property. Of course, you must make sure the whole house is clean and tidy. Also, do not be tempted to put up loads of air fresheners or scented candles. Although you may love these scents, other people may not agree. Also, a potential buyer may believe that you are hiding something from them. Do make sure your home is also completely free of clutter. As much as all your pictures and nicknacks may be special to you, other people don’t really want to see them and it prevents them from really seeing your home as well. What buyers look for is a big property, and this means that you need to have as little as possible on your floors, walls and shelves. The exception to this rule is the mirror. Mirrors are good because they create the illusion of more space. Also, you have to make sure that you have at least something on your wall, or your home will look hollow. Try things out a little bit, seeing what works and what doesn’t, and use your own common sense to get it right.

The final thing is that you must do your research before you set a price. You must understand that the maximum you will ever get, if you’re lucky, is the asking price. Your goal is for the sale price and the asking price to be as close together as possible. If your asking price is very high, you are unlikely to attract any buyers. On the other hand, if your asking price is too low, buyers will be suspicious and think there is something wrong with the property. Then, there is the fact that you will never be able to sell your home for more than the asking price, meaning that you hurt your own pocket by setting the price too low.

Why You Should Be Considering Real Estate Investment

Investing in real estate can be highly successful, or it can be a complete failure. Everybody believes that location, location, location is what matters the most, but it is actually more important to know who you are dealing with. Unfortunately, there are some really unscrupulous people in the world of real estate. For instance, those people who tell you that you can be a millionaire on late night television should always be avoided.

If you do really want to invest in realty, you must have the right things. You cannot get started without knowing you have the necessary investment capital. Also, you need to learn about the real estate market and you need to get to know a certain neighborhood.

If you use this knowledge and apply it to real estate, you need to look for cash flow rather than appreciation. Cash flow is what actually comes into your bank account from your rental properties after you have met your financial obligations. What you should do is leave your cash flow alone, and keep that as savings as much as possible. Plus, your cash flow can increase as rent prices go up over time. This is particularly true if your mortgage payments stay the same. You should be looking at a cash flow of at least 20%. Spend some time using the internet to work out exactly how much your cash flow is.

Another option you have is to invest through a real estate investment trust (REIT). REITs are popular because they are cheaper to get involved in, but the returns you will see are not as high either. Through a REIT, you basically invest in real estate corporations. This includes things such as shopping malls and industrial complexes. You can keep track with the performance of a REIT through the NASDAQ and stock exchange. A REIT can be best compared to a mutual fund, although the REIT invests solely in real estate. You do need to think about a few things before you invest in a REIT. The economic conditions of the key holdings is one. Also look into the performance history of the REIT. Also look into their future plans. Also, you need to look into who manages the REIT and how they have performed. Last but not least, consider what the real estate market looks like and how this could affect how your REIT will perform.