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Exposed! The Real Estate Wholesale Quick-turn Flipping Deal
Wholesale real estate investing (i.e. "quick-turn" or "flipping" real estate property) is conceptually very simple. Here's how it works:
First, "Investor A" finds a great real estate deal with a lot of equity. Typically, Investor A will have...
Hawaii Real Estate – Paying For Paradise
Where does one even begin to start when discussing the island paradise of Hawaii. Perhaps with an inflated Hawaii real estate market for those considering relocating.
Hawaii
Formed by volcanoes, Hawaii is a collection of islands that feel like...
Help! I've been Robbed
Your home is the most important place. It is the place that you go to after a hard day’s work. It is closely associated with the feeling of warmth, and it is surely not a surprise that so many things rely on the special feeling that your home gives...
Real Estate Marketing – Beef Up Your Follow-Up
If you're a real estate agent, client follow-up should be a major part of your real estate marketing program. Whether it's a postcard mailing program through a direct mail vendor, or just a series of well-timed thank you cards after the transaction,...
Winter is coming. Is your home ready?
Winter Is Coming. Is your home ready?
By Erby Crofutt, B4U Close Home Inspections www.b4uclose.com
Winter is coming. Is your home ready to keep the heat in and the cold out?
Taking care of these issues can make your home more energy...
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Do You Have The Correct Home Buyer Mindset To Be Buying A Home?
By learning what you need to know and preparing how to purchase a home ahead of time, you will be less likely to become so enamored with a particular property that you fall into the traps and the pitfalls that are so often the result of IDM, or Irrational Decision Making.
Do not allow your emotions to come before sound and rational reasoning when making the decision to purchase a home.
Let’s face it; if you’ve been out house hunting, you know the feeling you get when you finally think you’ve found a house you really like.
You’re like a kid in a toy store, excited about the possibilities that this dream house could really be yours.
When you go to see the home, you’re herded through it like sheep in a predetermined pattern.
- You’re not encouraged to spend as much time as you need in any one place.
- You're not able to ask as many questions as you would like.
- You're not asked if you would like to set up another time to come back and go through the house again.
The option to sit down and have a good conversation with the owner is not available to you.
In other words, you’re expected to make a decision on the largest single purchase of your life without having many of the facts you really need.
Of course, you’re likely to get a home inspection and an appraisal done. But, if you think that’s enough to protect you, you’ve got another thing coming to you.
After over 21 years dealing in real estate and its many players, I am here to tell you it simply is not.
- When it comes down to buying a home, nobody but you is going to be watching out for your best interest.
- You need to get as much information as you can before you buy.
- There is no one who can (or will) be as thorough as you.
Why? Because nobody else has to be as thorough.
It’s not their home. They’re not going to be living
there.
And, whatever issues you end up having, they can’t see them from their house!
Ask anyone who has ever purchased a home this one question:
After you purchased your home, were there things that you saw, noticed, or realized about the property that had they been seen, noticed or realized BEFORE making the purchase would have changed the way you proceeded with the home buying process?
Possible changes might have included:
- Offering less for the home,
- Making it a condition of the sale that something be repaired or replaced, or
- Not having gone through with the purchase at all!
Think about that for a moment.
What is the probability that you’re going to be able to keep a level head when the real estate agent is telling you that you need to act quickly because there are three other showings after you?
And you "just love" the house...
If you are unprepared, but feeling pressured, how likely is it that you will make an informed decision quickly when you haven’t even done any homework on the property?
Remember:
- Don't be pressured into making the mistakes typical homebuyers make.
- Take the time to do your homework and get the information you need to make a rational buying decision, then
- Step back, take a deep breathe and really look at what you're about to buy.
Copyright 2005 Don Berthiaume
About the Author: Don Berthiaume gives you the questions you need to ask as a home buyer. For more details, and for a free 4-part mini-course in home buying, visit this site now: http://www.homebuyerdefenseguide.com/go/go.php/hbs4
Source: www.isnare.com
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