Category: Real Estate Property

We Buy Houses Signs – Are They For Real?

Are you wondering about all those “We Buy Houses” signs on the side of the road? Do you need to sell your house fast and want to know whether it’s worth calling on one of the “We Buy Houses” signs?

Here are some important points to consider.

There are many companies all over the country that advertise “We Buy Houses” by placing signs on the side of the road. In Tennessee, for example, in larger cities like Nashville, you might see several of those signs placed at each large intersection. In smaller cities like Murfreesboro TN, you won’t see as many of them, but sure enough, you’ll see them at busy intersections.

In the past, many people have been very skeptical about these companies. In the recent years, however, due to the tough real estate market, more and more people realize the value that “We Buy Houses” companies bring to the marketplace.

Real estate investment companies buy houses from people in all kinds of situations. Many times, these companies provide the only viable option for those people who need quick solutions to their real estate problems. There are many cases when traditional methods of selling a house (such as going through a real estate agent) are not possible.

Here are some benefits from selling to a “We Buy Houses” company:

  • They can pay all cash or create win-win terms for selling your house
  • They close quickly, often within days or weeks of first contact
  • They don’t charge fees or commissions for their services.
  • They buy homes in as is condition, relieving you from the stress of remodeling
  • They can often catch up back payments and instantly stop foreclosure process

While selling you house to a “We Buy Houses” company is not a perfect solution for everyone, many struggling homeowners can get instant deft and stress relief, as well as, generating some quick cash by calling one of these companies. Most of the investors are happy to talk to the homeowners, show them what solutions they can offer and let the homeowners decide whether those solutions are going to work for them.

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Real Estate Agents and the Internet – How to Buy and Sell Real Estate Today

Ten years ago, a search for real estate would have started in the office of a local real estate agent or by just driving around town. At the agent’s office, you would spend an afternoon flipping through pages of active property listings from the local Multiple Listing Service (MLS). After choosing properties of interest, you would spend many weeks touring each property until you found the right one. Finding market data to enable you to assess the asking price would take more time and a lot more driving, and you still might not be able to find all of the information you needed to get really comfortable with a fair market value.

Today, most property searches start on the Internet. A quick keyword search on Google by location will likely get you thousands of results. If you spot a property of interest on a real estate web site, you can typically view photos online and maybe even take a virtual tour. You can then check other Web sites, such as the local county assessor, to get an idea of the property’s value, see what the current owner paid for the property, check the real estate taxes, get census data, school information, and even check out what shops are within walking distance-all without leaving your house!

While the resources on the Internet are convenient and helpful, using them properly can be a challenge because of the volume of information and the difficulty in verifying its accuracy. At the time of writing, a search of “Denver real estate” returned 2,670,000 Web sites. Even a neighborhood specific search for real estate can easily return thousands of Web sites. With so many resources online how does an investor effectively use them without getting bogged down or winding up with incomplete or bad information? Believe it or not, understanding how the business of real estate works offline makes it easier to understand online real estate information and strategies.

The Business of Real Estate

Real estate is typically bought and sold either through a licensed real estate agent or directly by the owner. The vast majority is bought and sold through real estate brokers. (We use “agent” and “broker” to refer to the same professional.) This is due to their real estate knowledge and experience and, at least historically, their exclusive access to a database of active properties for sale. Access to this database of property listings provided the most efficient way to search for properties.

The MLS (and CIE)

The database of residential, land, and smaller income producing properties (including some commercial properties) is commonly referred to as a multiple listing service (MLS). In most cases, only properties listed by member real estate agents can be added to an MLS. The primary purpose of an MLS is to enable the member real estate agents to make offers of compensation to other member agents if they find a buyer for a property.

This purposes did not include enabling the direct publishing of the MLS information to the public; times change. Today, most MLS information is directly accessible to the public over the Internet in many different forms.

Commercial property listings are also displayed online but aggregated commercial property information is more elusive. Larger MLSs often operate a commercial information exchange (CIE). A CIE is similar to an MLS but the agents adding the listings to the database are not required to offer any specific type of compensation to the other members. Compensation is negotiated outside the CIE.

In most cases, for-sale-by-owner properties cannot be directly added to an MLS and CIE, which are typically maintained by REALTOR associations. The lack of a managed centralized database can make these properties more difficult to locate. Traditionally, these properties are found by driving around or looking for ads in the local newspaper’s real estate listings. A more efficient way to locate for-sale-by-owner properties is to search for a for-sale-by-owner Web site in the geographic area.

What is a REALTOR? Sometimes the terms real estate agent and REALTOR are used interchangeably; however, they are not the same. A REALTOR is a licensed real estate agent who is also a member of the NATIONAL ASSOCIATION OF REALTORS. REALTORS are required to comply with a strict code of ethics and conduct.

MLS and CIE property listing information was historically only available in hard copy, and as we mentioned, only directly available to real estate agents members of an MLS or CIE. About ten years ago, this valuable property information started to trickle out to the Internet. This trickle is now a flood!

One reason is that most of the 1 million or so REALTORS have Web sites, and most of those Web sites have varying amounts of the local MLS or CIE property information displayed on them. Another reason is that there are many non-real estate agent Web sites that also offer real estate information, including, for-sale-by-owner sites, foreclosure sites, regional and international listing sites, County assessor sites, and valuation and market information sites. The flood of real estate information to the Internet definitely makes the information more accessible but also more confusing and subject to misunderstanding and misuse.

Real Estate Agents

Despite the flood of real estate information on the Internet, most properties are still sold directly through real estate agents listing properties in the local MLS or CIE. However, those property listings do not stay local anymore. By its nature, the Internet is a global marketplace and local MLS and CIE listings are normally disseminated for display on many different Web sites. For example, many go to the NATIONAL ASSOCIATION OF REALTORS Web site,¬†http://www.realtor.com, and to the local real estate agent’s Web site. In addition, the listing may be displayed on the Web site of a local newspaper. In essence, the Internet is just another form of marketing offered by today’s real estate agent, but it has a much broader reach than the old print advertising.

In addition to Internet marketing, listing agents may also help the seller establish a price, hold open houses, keep the seller informed of interested buyers and offers, negotiate the contract and help with closing. When an agent provides all of these services it is referred to as being a full service listing arrangement. While full service listing arrangements are the most common type of listing arrangement, they are not the only option anymore.

Changes in the technology behind the real estate business have caused many agents to change the way they do business. In large part, this is due to the instant access most consumers now have to property listings and other real estate information. In addition, the Internet and other technologies have automated much of the marketing and initial searching process for real estate. For example, consumers can view properties online and make inquires via email. Brokers can use automated programs to send listings to consumers that match their property criteria. So, some agents now limit the services they offer and change their fees accordingly. An agent may offer to advertise the property in the MLS but only provide limited additional services. In the future, some real estate agents may offer services in more of an ala carte fashion.

Because of the volume of Long Island real estate market information on the Internet, when people hire a real estate agent today they should look at the particular services offered by the agent and the depth of their experience and knowledge in the relevant property sector. It is no longer just about access to property listing information. Buyers and sellers historically found agents by referrals from friends and family. The Internet now provides ways to directly find qualified agents or to research the biography of an agent referred to you offline. One such site, AgentWorld.com, is quickly becoming the LinkedIn or Facebook for real estate agents. On this site an agent can personalize their profile, start a blog, post photos and videos and even create a link to their web site for free. Once unique content is added to their profile page the search engines notice!

Some have argued that the Internet makes REALTORS and the MLS less relevant. We believe this will be false in the long run. It may change the role of the agent but will make knowledgeable, qualified, and professional REALTORS more relevant than ever. In fact, the number of real estate agents has risen significantly in recent years. No wonder, the Internet has made local real estate a global business. Besides, Internet or not, the simple fact remains that the purchase of real property is the largest single purchase most people make in their life (or, for many investors, the largest multiple purchases over a lifetime) and they want expert help. As for the MLS, it remains the most reliable source of real estate listing and sold information available and continues to enable efficient marketing of properties. So, what is the function of all the online real estate information?

Online real estate information is a great research tool for buyers and sellers and a marketing tool for sellers. When used properly, buyers can save time by quickly researching properties and, ultimately, make better investment decisions. Sellers can efficiently research the market and make informed decisions about hiring an agent and marketing their properties online. The next step is to know where to look online for some of the best resources.
Internet Strategies

In the sections that follow, we provide strategies and tips on how to use the Internet to locate properties for sale and research information relevant to your decision to purchase the property. There are many real estate Web sites from which to choose and although we do not mean to endorse any particular Web site, we have found the ones listed here to be good resources in most cases or to be so popular that they need mention. One way to test a Web site’s accuracy is to search for information about a property you already own.

Finding Real Estate for Sale

Despite the widely available access to real estate listings, many believe that MLS databases continue to offer the most complete and accurate source of real estate information. Most MLSs now distribute content to other Web sites (primarily operated by real estate agents). An excellent starting point for MLS originated content is the national NAR Web site, realtor.com, which is also the most popular web site for searching real estate listings. Virtually all local and regional MLSs have an agreement with realtor.com to display much of their active listing inventory.

Some local and regional MLS systems also have a publicly accessible Web site. However, to get complete information you will most likely still need to find a qualified local REALTOR. Many local real estate agents will also provide their customers (via email) new listings that are input into the MLS that match their predefined criteria. This can be very helpful to a busy buyer.

There are also many Web sites that display both real estate agent listed and for-sale-by-owner properties. Some of the more popular Web sites include zillow.com and trulia.com. These sites offer other services too. For example, zillow.com is best known for its instantaneous property valuation function and trulia.com for providing historical information. Another source of properties for sale is the state, regional, and local Web sites associated with brokerage companies; for example, remax.com or prudential.com. Search engines like yahoo.com and classified advertising sites like craigslist.com also have a large number of active real estate listings.

One key difference between these sites is how much information you can access anonymously. For example, at trulia.com you can shop anonymously up to a point but then you will need to click through to the agent’s Web site for more information. Many new real estate search engines allow you to sift through listings without having to fill out a form. The best strategy is to browse a few of the sites listed above to find geographic areas or price ranges that are interesting. Once you get serious about a property, then that is the time to find a qualified REALTOR of your choice to conduct a complete search in the local MLS.

It also never hurts to search the old-fashioned way by driving through the neighborhoods that interest you. There is no substitute for physically, not virtually, walking the block when you are making a serious investment decision. In this sense, real estate is still a very local business and standing in front of the property can lead to a much different decision than viewing a Web page printout.

Valuing Real Estate

As we mentioned, one of the most popular real estate tools is zillow.com’s instant property valuation. Just type in an address and in and you get a property value. It even charts the price ups and downs, and shows the last date sold (including price) and the property taxes. There are other sites that provide similar tools such as housevalues.com and homegain.com. Unfortunately, many people use these estimated values alone to justify sales prices, offers and counteroffers. However, these are only rough estimates based on a formula that incorporates the local county sales information. These estimates can swing wildly over a short period of time and do not appear to always track actual market changes, which are normally more gradual. In addition, these estimates do not automatically take into account property remodels or renovations or other property specific or local changes. This is not to say these sites are not useful. In fact, they are great starting points and can provide a good ball-park value in many cases.

When it comes to getting a more accurate value for a particular property, there are other strategies that are more trustworthy. One is to go directly to your county’s Web site. More often than not the county assessor’s area of the Web site provides sales and tax information for all properties in the county. If you want to research a particular property or compare sales prices of comparable properties, the local assessor’s sites are really helpful. When you visit a county’s Web site you are getting information straight from the source. Most counties today publish property information on their Web sites. Many times you cannot only see the price a previous owner paid, but the assessed value, property taxes, and maps. Some county assessors are now adding a market and property valuation tools too.

Given the importance of valuation to investing, we are also going to remind you of the two most important (non-Internet) valuation methods: real estate agents and appraisers. Working with a local REALTOR is an accurate and efficient way to get value information for a property. While one of the primary purposes of the MLS is to market the active property listings of its members, the system also collects sales information for those listings. REALTOR members can pull this sales information and produce comparable market analyses (sometimes called CMAs) that provide an excellent snapshot of a particular property’s value for the market in a particular area.

Finally, the most accurate way to value a property is by having a certified appraiser produce an appraisal. An appraiser will typically review both the sold information in the MLS system as well as county information and then analyze the information to produce a valuation for the property based on one or more approved methods of valuation. These methods of valuation can include a comparison of similar properties adjusted for differences between the properties, determine the cost to replace the property, or, with an income producing property, determine a value based on the income generated from the property.

The Neighborhood

There are many ways the Internet can help you get the scoop on a particular neighborhood. For example, census data can be found at census.gov. You can also check out the neighborhood scoop at sites like outside.in or review local blogs. A blog is a Web site where people discuss topics by posting and responding to messages. Start by looking at placeblogger.com and kcnn.org/citymediasites.com for a directory of blogs. Trulia.com has a “Heat Map” that shows how hot or cold each neighborhood is based on prices, sales, or popularity among the sites users.

Schools

When it comes to selling residential property or rental properties that cater to families, the quality of the area school district makes a huge difference. There are many Web sites devoted to school information. Check out greatschools.net or schoolmatters.com. Most local school districts also have their own Web site. These sites contain a variety of information about the public schools and the school district, including its district demographics, test scores, and parent reviews.

Finding the Right Real Estate Agent

A recent addition to the Internet boom in real estate information is Web sites that let real estate agents market their expertise and local knowledge by displaying their professional profiles and socially networking with blogs. You can search to find an agent with a particular expertise, geographic area of specialization, or an agent offering specific services. The web site AgentWorld.com lets users quickly and easily find an agent with the right expertise using keyword searches and clean and simple agent profiles. AgentWorld.com also enables agents to post personalized blogs, photos and videos to help consumers find the best agent for their needs. Plus, many agent profiles include a direct link to the agent’s web site where you will likely find the local MLS listings.

Maps and Other Tools

The Internet has made mapping and locating properties much easier. To get an aerial view or satellite image of a property or neighborhood, go to maps.live.com or maps.google.com or visit walkscore.com to see how walk-able a particular property is. These sites can give you an idea of the neighborhood characteristics and the types of entertainment, restaurants, and other facilities that are within walking distance of the property. Maps.Live.com provides a view at an angle so you can see the sides of houses and Maps.Google even gives you a 360 degree street-level view for certain neighborhoods. If you have not tried one of these satellite map Web sites, you really should if only for amusement.

Final Thoughts on Internet Strategies

The Internet is a very effective research and marketing tool for real estate investors but is not a replacement for a knowledgeable experienced real estate professional. The Internet can save you time and money by enabling quick and easy property research and marketing options. Sites like AgentWorld.com also help you efficiently find a REALTOR who fits your buying or selling needs.

Always remember, when it comes to Internet strategies for real estate: More knowledge is better. You need to use the Internet to build your knowledge base on a target property or to find a real estate agent with expertise you need. However, the big caution here is that the Internet should not replace human judgment and perspective, expert advice or physical due diligence-keys to successful investing.

We Buy Houses Fast With No Credit Check Required

How fast do some investors buy homes from homeowners? Very fast, actually – some investors will offer you cash upfront for your home within at least 24 hours from the time you contacted the investor. Such investor specialize in buying homes for cash and make a living doing so because there are actually people who want hard cash in their hands without the hassles of filling up paperwork and seeking legal and real estate advice from professionals. The types of homes that can be bought for cash may be your usual family-type home (such as bungalows and two-storey residences), or perhaps condominium units used by singles and young couples with no children, and even other types of real estate properties as well.

Some people opt to sell their real estate properties because they are facing foreclosure on their mortgage. Such real estate properties have varying levels of home equity left in them – some have very little equity left, others have quite a lot of value in them because equity has been hardly touched. Even for the worst cases – where equity has almost been depleted – there are still investor who are willing buyers for the property. The investor who wants to help prevent complete foreclosure of the property of the homeowner will negotiate with the bank initiating the foreclosure to get better terms for the homeowner. The homeowner would then have the option of selling his home to the investor.

You would be surprised what types of houses and real estate properties fast cash offer investors will snatch up given the opportunity. Even pretty ugly houses that need a lot of work to spruce them up and make them attractive again get pretty good prices from these types of investors. When the investors firm gets its hands on your ugly property, they can transform it with the right amount invested into a thing of beauty again so that it will fetch a better price when re-sold.

Oh yes, that is how these investors make a living. They buy houses from homeowners, invest in their renovation and refurbishment, then turn and sell the same properties to other people at a profit. There is nothing wrong with this kind of business – it operates on the free enterprise system and nobody deludes anyone. People who need cash money immediately profit from selling their homes and real estate properties to the investors, while the investor has to assume the risk of having to invest in the home sold to him or them. It is just part of sound business to spruce up the property in the hands of the investor so that other people will become interested in buying that property – and that is how the investor makes a living.

Some investors also specialize in no credit checks when selling properties to potential buyers. Though this means additional risk for the investor (because a good credit history usually means the other party is a good risk), there are many people who do not qualify for good credit risk for various reasons. For example, a young couple who have just started out in their respective careers would have little to no credit history to speak of but that does not mean they are poor risks instantly. Rather, they just need a chance to build up an adequate credit history over time.

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What is the Best Advice For Selling Your Property in the Current Climate?

Due to the new economic conditions, we are presently experiencing many people simply cannot get the property sold as buyers now are at an advantage. In order to make your property stand out here are some useful tips to think about.

How quickly you need to sell your house?  The longer time you have available, the better chances you have of finding someone that is willing to buy the property.

How much are you willing to sell for?

The first thing to decide is the price we are willing to sell. For this, you need to research comparable sales in your area and/or speak with an appraiser or an agent. Remember it is important to set a reasonable price. If it is too high people will not be interested in the property.

How flexible are you with the price?

Surely no one offers exactly what you’re asking, so you have to set a price limit by which to sell.  You also need to have an answer ready for any difficult questions that might arise in regards to your property. Whatever downsides are there you should always try  put yourself in the prospective buyer.

Is the house ready for sale or needed repairs?

In order to get the best selling price, yo need to be aware of buyers bringing out potential problems that are obvious, these should be spotted and fixed.

 Want to sell by itself or with the help of an agent?

You may need assistance from some agents to bring your customers and help you with the price.  For that, you’ll also have to hire an appraiser and discuss with them various prices.

The external bits

The exterior – The exterior will be the first thing potential buyers to see, so you must give a perfect image, this will be considered

Is the paint the house is in good condition? – If  not you may need to paint over any bad patches. “

The garden is well cared for? –  Do trees and plants look good? What about the lawn? How is the curb of the entrance? Is it clean? Is it cracked the concrete? “Is it built with channels for the rain, walls and windows are clean and in good condition? Is the rubbish bin outside is at first sight? What state is the garage? Also be taken into account, especially if we are conducting the sale without the assistance of a real estate agent, the making of a poster announcing the sale of the house.

Your property board should include include information about the house, the sale price, the most desirable features and contact information. In this way the buyer can take something tangible which can be easily put on the for sale board.

The inside: Try to make your home as attractive as possible. Cleaning and smells are tone points you have to take special consideration. Nobody likes to get into a house that smells bad and it looks dirty and unkempt, it can cause a bad impression that jeopardizes the sale of the property.

For odors, you can ventilate the house and use sprays fragrances. You can also put clays with odoriferous flowers that beautify the place which is also aromatic. People who smoke or have dogs do not usually notice the smell of their cigarettes or animals but are easily recognizable for anyone who enters the house and do not have pets or smoke.

In the case of having a pet it is best to keep it hidden to avoid disappointment. The kitchen and bathrooms should be clean and welcoming: the furnace and the tiles should sparkle, like the floor.

The furnace and the refrigerator – Carpets should not smell or have spots. Do the lights work? “Is the faucet dripping? Do you have stains the tub or sink? How are the inner walls? Are they clean? What colors are they?

Remember, there are colors for all and a “nice” to one person may be ugly to another. Experts recommend painting the walls white or a certain tone to “not offend” anyone.

By following these handy tips you would be able to sell your property in no time at all and visit our website https://www.sellpropertyfastcash.co.uk/ .