What someone should know before investing in real estate market?

Sometimes, investing in real estate market, especially for beginners, can become a daunting task. Moreover, the availability of almost a countless number of books, blogs and media gurus is adequate enough to make you get lost. In this post, we’ve jotted down some useful tips that would help you succeed in your new endeavor.

  • Do your homework and look around: Before diving in the real estate market, it’s immensely important to do proper homework. Connect with people online and offline to have solid grasp of your local real estate market. Look around for the people who want to sell house quickly or want to sell house without repairs. Contact your local agencies that are looking to sell vacant houses.
  • Plan your future goals: Before buying your first property, determine the expected returns from the investment. If you feel hesitant creating your financial goals, take the help of a financial adviser.
  • Visit lots of properties: Don’t make up your mind when you first see a notice hanging outside a house that says “looking for cash house buyers”. Many investors purchase properties because of their outer look, ignoring the women entrepreneursactual inner condition. As you won’t be residing there, it’s better to keep the personal preferences away. Take a decision only after you’ve visited and thoroughly checked plenty of properties. First, allow yourself to have a vast range of choices and then gradually finalize your pick based on your criteria.
  • Perform complete financial analysis: Think of different alternatives to decide on the most profitable one. Stay away from the sellers who set a higher price than market value by showing you the estimated price escalation in future, especially when they encounter cash home buyers. Make sure that you’ve thoroughly gone through and understood the previous years’ documents including maintenance records, property-tax bills, tax returns etc.
  • Find motivated sellers: You can do a simple workout to identify motivated sellers. For instance, if a house has been on sale for $100,000 with almost zero price reduction, then the seller is probably not willing to handover the property. But if you see a similar property with similar price tag which has now lowered down significantly, then perhaps the seller needs to sell house fast by any means. You can try out the following methods to find out motivated sellers:
    • Look for notices that say “buy my house” or similar ones
    • Attend open houses
    • Look into the classifieds section in local newspapers

Finally, think big but start small. At the inception stage, purchasing larger properties can make your foundation unstable. So, focus on purchasing a small apartment, duplex, condo or similar properties initially. Then, as you start understanding the know-how’s of real estate investment and develop a strong foundation, start scaling up from there.

 

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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