Five Tips In Buying And Selling Real Estate

With this kind of market, would you still want to purchase a house

? In fact, it depends on the location. You could be judicious if you choose the right area, right price and bid assertively. You need to research!

Example: My husband searched the market, checking 90+ houses. We finally found a $162K fixer-upper. We tendered $160K the same day it was listed. A handshake was made and the deal was done. A year later, without improvements, we were able to sell it for $208K. That's a 30% investment return! You can earn from real estate too. Here's how:

BUYING:

1. Select a growing area. It may be difficult to project economic cycles and what areas are most likely to improve for the coming year or so. Nevertheless, if you are reading the business pages often, you'll have a better hint on where to buy.

2. Study the market. Know what's in the open air. Learn how to identify a good-deal from the overpriced and what properties are going for. When you spotted your bargain, you might not have enough timeright before the competition starts. Learn how to make a sound offer immediately.

3. Make a reliable offer upon a careful inspection. Buying a house with lots of infrastructure problems will cost you money, time, and aspirin. If there are only minor problems, negotiate with the seller to reduce the price. They usually will.

4. Finally, know that you won't probably procure your first prospect. Thus, be prepared and be patient to keep scouring until you find your "right house."

SELLING:

1. Usually, everything appears better under brighter light. Open curtains as well as blinds, turn on the lights and let the sunshine in!

2. Repair. Oil those squeaky hinges, replace the broken shutters, fix those leaky pipes, tighten any loose handles, etc.

3. Deodorize! Try the baked bread or fresh cookies baking in the oven trick. This is easier than plugging in deodorizers.

4. Do a general cleaning! Anything obstructing with the sight would work against you when selling the house. Sort your properties in these divisions:

a) things that you don't intend to take home with you,

b) things that you don't need but you want to take home with you, and lastly

c) things that you need to live. Now, place those things you want to take home with you in rental storage facilities. Do garage sale or donate. That'll make your home looking simply elegant.

5. Re-paint! Make sure you peel the previous paint and patch cracks first though.

by: Ashlee Pannell

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