Jason Dodge offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Tips for Buying and Selling Investment Property Author: Jason Dodge Category: Buying, Selling, Wealth Building Word Count: 663 Keywords: Selling investment property, real estate, structural damage, home, selling Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
If you are a real estate investor, you are likely to think of nothing more than the profit margin. This is good, but a key to profiting from the real estate market is buying the right properties. To do this, you should also focus on selling investment property, from the standpoint of a buyer. - Why do homeowners sell their homes for deeply discounted prices? There are many reasons why a homeowner decides to sell their home for cheap. Basically, they are unable to afford the cost of their mortgage or the cost of maintenance. Common factors include divorce, death, illness, job loss, job transfer or a debilitating addiction. When many of these factors are present, owning a home is the last thing on a homeowner's mind. In fact, most would do anything to no longer have the burden. This includes unloading a home at a deeply discounted price. As you know, all properties (even single family homes) have the potential to be investment properties, so the homeowner is selling investment property. - Is there something specific you should be looking for? Yes. There are some homes that are harder to sell than others. A great example is a home that is in poor condition. The phrases most commonly associated with a run-down home are a fixer-upper, or a doghouse. Most buyers, such as those looking for a first home, are turned away by the bad condition. They are less likely to have the funds to cover the down payment, the closing costs and necessary renovations. Many of these homes are easy to spot just by looking at a few pictures, but good signs in real estate listings including the phrases: fixer, sold as is, and handyman special. - How do you know the difference between a good/bad and a bad/bad one? As previously stated, fixer-upper homes are one of the best ways to profit from real estate investing. However, when it is not worth the time, money or risk? When you first get started, look at homes that are ugly. These homes have no structural damage; they just need a cosmetic facelift. Homes with structural damages can be renovated for a profit, but they are not recommended for beginners. A lot of time, work, capital, and planning goes into making a profit with these types of properties. - How can you close on a property quickly? The best way is to have your loan in place; get started by acquiring financing before you even begin negotiations. This is truly the key to success. Remember most homeowners selling their homes want out and they want out now. If you have been pre-approved for your loan, you are basically all set to go, the seller knows this, and they should respond favorably. Of course, it will not do you any good if you do not inform those selling investment property or properties that you are pre-approved. The Resale of Investment Properties - What types of homes are the easiest to sell? A home that resembles a dollhouse is sought after, especially if it is located in a family friendly neighborhood. What exactly is a dollhouse? It is a home that is perfect. It fits the buyer's needs perfectly. It is a cute little house that has the perfect number of bedrooms, bathrooms, and extras. A home that is emotionally appealing to families is likely to sell like hotcakes. - What can you do to increase a home's appeal? When selling investment property or properties, it is a good idea to consult with the Design of Psychology and Marketing Psychology. Many realtors and home sellers have claimed they were great resources. See the key to creating more than curb appeal. You want to entice buyers to buy. You want to make them believe the home in question was meant for no one else but them. Good examples include making a home feel like a home (simple but it does work). Use colors that target income levels or match the current season, use potted flowers near entrances, and more. Jason Dodge has been investing in real estate since the early 90's. He specializes in getting money for investing and recommend the free training at http://www.InvestSteps.com ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
