The Marshall Reddick network is one of the biggest real estate firms that provide realty education seminars and mentoring throughout California. It also assists the other members across the globe through online events. Established in 1979, the organization assists people in making smart property investments with the help of their qualified advisors.
With the financial system on a slow rise, many are unsure of whether to buy or sell a property. Here are a few tips from Marshall Reddick that are going to be of great help for realtors or buyers.
Begin with the Location
Whether you are a first-time investor, or a regular realtor, you need to understand the best locations for your investment. Purchasing smallest home in the best areas in the city can offer you bigger rewards rather than buying a big house in a deserted street. As a seller, you need to think of the best condominium, which is near a big university, mall, or city center.
The Pricing Point
The old method of realtors crossing their arms for a better offer will be clashed by most home buyers. Consider a house, which took six months or more to make a deal in the past two to three years; it would be mainly due to the price hike. Meet with mortgage lenders to get pre-approved loans before you begin hunting for the house. Once you know how much you can invest, you can get a better picture of your expenses. As a seller or real estate agent, do not quote too high, but at least 5-10% higher, and then try to come down slightly during negotiation.
As an investor, it’s important to assess the appreciation potential, because even if the property’s current price is justifiable, but it has already doubled up from its initial price, then the chances of another 100% increase over next 4-5 are very remote.
Look for choices; be ready to negotiate and offer extras as a seller, like property taxes for the current year, closing costs, remodeling work, condo homeowner association dues, seller financing, mortgage payments, and appliances. Talk to people having experience in this field and to people whom you can trust; homeowners should instruct agents not to give any prospective misgivings about the house and property.
Don’t Wait Too Long to Take Benefits of Low Prices
Buying something for a low price is good, considering the stock and real property market. But, waiting to sell or buy something at a low price for a long period isn’t that good.
Do Not Fall Prey to Hoaxes
Hoaxers are aiming distressed homeowners with deals, which may sound perfectly legal. You must recheck the contracts, and make sure that they are actually legal.Lubet