Purchasing To Lease: When You End Up Being The Landlord
Negotiation tips is one of the best secrets you can learn on buying a home in a down market. One of these tips is to put yourself in your home seller's shoes. Try to understand their mentality. Why are they selling in the down market? If you catch their fears, you can bring down the price.
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Walk through your home and look at it from a buyer's perspective. Write down any imperfections that are noticeable to the naked eye. Is the plaster on the walls cracking? Are there pet stains in the carpeting or sections of hardwood flooring that are bad? Is paint peeling from the walls? Fix whatever small tasks you can tackle on your own, whether it's fixing a crack in the wall or painting rooms to freshen up the house.
I have another friend who works as a remodeler. He uses Facebook to post updates about his latest project to his network of contacts. Another person I know uses it to post homes for sell in her area.
Another method to get a real estate investing deal would be to look into the classified ads section of major Newspapers. Their classified sections are on the web. You want to search the ads to find words such as "divorce", "desperate", "must sell" or "estate sale" to name just a few examples of keywords that indicate the seller is desperate. Think of some on your own and have fun with it.
Another method would be to send Postcards and fliers to targeted homes. However, it is highly advisable that you find someone who can do what is called good copywriting. Good copywriting is combining words, fonts, phrases, pictures, a call-to-action, etc. that will compel your potential home buyers to call your number. Make sure you do this type of marketing correctly, otherwise you will be wasting your hard earned money.
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There is one big thing to remember: asking price is not the same thing as sale price. This is why you need to become adept at selling and sharpen your marketing skills. The asking price is designed to entice viewing and to stir up interest and hopefully, competition. Even in a down market, a great house is a great house, and if yours is the only one on your block, you should be receiving interest from multiple buyers.
Sure, you still have to get people to click on the money links. But that's just a matter of working the numbers. Just remember the one number you need to stay away from. One. One lonely article will not do you much good. It needs a lot of friends. Keep it happy. Keep writing.