March 2016

There are 8 blog entries for March 2016.

Real estate, much like fishing, requires a certain amount of knowledge, patience, and of course, the right bait. The truth is, if you cast your hook, sit in the same place at the same time day in and day out and you have yet to so much as get a nibble, you may have to start looking at your method. Just because you have done something the same way for a long time does not mean you must continue to do it. There is nothing wrong with changing things up and taking a chance on something new. After all, teach a man to fish...well, I'm sure you know the rest.

THE TOOLS IN A REALTORS BOX

The sad fact is, many real estate agents are guilty of making a lot of the same mistakes. Each one may be using the same listings, have the same clientele, and be using the

565 Views, 0 Comments.

When purchasing a home, a bad credit score can seem like the worst thing imaginable. As profitable as it is to actually own your own home, you may find yourself on the wrong end of renting for a very long time. But, with the market being what it is today, it is actually a buyers world out there, and, good credit or not, you are more likely to be able to purchase your very own home if you simply follow this quick and easy guideline in order to make the process go just a little bit more smoothly.
 

TAKING THE PLUNGE

The first step to buying a home is to research federal mortgage programs and search for the right property. The Veterans Administration as well as the Federal Housing Administration can be much more forgiving and provide affordable loans that…
564 Views, 0 Comments.

If you are in real estate, even just starting out, there is, at least, a slight chance the concept of purchasing commercial real estate has crossed your mind. If you ARE just starting out, you are likely dealing with the likes of homes and apartments, but there comes a time in most real estate agents lives where they sit back and wonder just how much better life would be if they were to somehow get their hands on a juicy bit of commercial real estate. If you have ever wondered if this is right for you, just sit back and see what we have to say about the pros and cons of commercial property.

WHAT MAKES A COMMERCIAL PROPERTY?

There are a few things that can constitute as commercial property. When you consider commercial real estate, you are likely

562 Views, 0 Comments.

When dealing with numbers, especially in real estate, you may find that your mental capacity of calculations tends to be tested on a semi-regular basis. The cost of spending versus the cost of repairs and marketing is a major factor that you need to and should be totally aware of at any and all times.

Love numbers or not, numbers are a part of your industry so you had better brush off that algebraic thinking cap from back in high school and get to adding.

But, do not worry.

As it turns out you do not have to be a world renown mathematician to calculate your earnings and losses when it comes to the real estate market.

What Makes Numbers So Important?

When looking at a new property, there are several factors to consider. What is the location?

569 Views, 0 Comments.

It's generally the case that if one can afford to rent, the same can afford to buy. Some would-be buyers are only held back by the lack of funds for sufficient down payment and closing costs. Programs such as the SETH 5 and others like it, allow buyers to purchase with zero down and zero closing costs. Although SETH 5 is not available in El Paso,Grand Prairie or McKinney (but it is available everywhere else in Texas), other "loan products" which are similar to SETH 5 are available everywhere or do include those three Texas cities.

SETH 5, for example, is an FHA "product", so the buyer's property taxes and insurance are rolled into the payments. This feature can really simplify the financial responsibilities of home ownership. There is no first-time

576 Views, 1 Comments.

If you have properly passed all of your exams, completed all of your courses, and finally have all of your paperwork in order and ready to hit the real estate game, you likely, by this point, have already come to the conclusion: "Holy Cow! I'm going to need a broker and quick"!

Now, before you go selling the shack before the mansion (real estate humor), you are going to need a few pointers on how to find the perfect broker - not only to represent you but to guide your career.

There are dozens of options in your area, half of which have called you this morning, so how do you find the right broker for you?

First, you want to talk!

Think of it as a sort of reverse interview. Ask them how long they have been a broker, what their experience is, how

197 Views, 0 Comments.

So,here it is. You've got that promotion or raise or better job and now it's time to move. Or, maybe you're just tired of your neighbors dog doing it's business in your yard. Either way, it's time to sale your precious home! But, here's the question that weighs heavy on every home owners mind; do I REALLY need a realtor to sale my house?

Well, the simple answer is "Yes, are you crazy, why would you do that to yourself!" but before I get too caps lock, allow me to explain.

Your home is just that: your home. It has been your shelter and life and love for however long you have lived there and that means something to you. But that is the exact point we should start out at. What it means to you may not mean as much to a potential buyer. Sure, little

217 Views, 0 Comments.

There is literally an infinite amount of reasons why you should want to manage your own rental properties. The main reason one should want (if not absolutely NEED) to manage their own property is the simple phrase "no one cares about your property as much as you". And you would be correct. No one will possibly find as good of tenants as you ever will to take care of your home(s).

You may also learn that you can save a bit of cash by managing on your own. A good number of realtors will charge up to 10% causing you to essentially pay out of pocket for something you already own. And that's not to mention the charge for finding tenants in the first place. You could be charged first months rent, last months rent, or both just for THEM to find you someone to

169 Views, 0 Comments.