Buying Tips for Real Estate Investors



Female Students Showing Certificates On College Campus

KNOWLEDGE IS KEY

Many people are hesitant to purchase real estate for a variety of reasons. From the legal issues and tougher financial requirements, to the current real estate climate, there are so many things to think about about when purchasing real estate. Becoming more informed will help you make the best decisions about this important investment. Being educated about the process and your deciding the right strategy for your particular situation is key.

Homes that need multiple improvements or updates are often sold at a reduced price. This offers the opportunity to purchase relatively inexpensively, and then you can make the repairs on your schedule. A little fix up work can transform that diamond in the rough into the house of your dreams!

If you’ve provided an offer to a seller who didn’t accept it, don’t be surprised if they still manage to make the home affordable for you. They may be willing to cover closing costs or necessary repairs prior to purchasing the home.

Be Clear and Concise When Negotiating with Sellers

握手

If you are clear and honest in negotiations with the seller you can often arrive at a selling price that makes both parties happy. Hire Gene Mock, Associate Broker, Premier Team, Keller Williams Realty 703-342-8100 as your professional negotiator. He will represent you, as the buyer, at no cost to you! His experience and knowledge about the real estate markets in Virginia, Maryland and Washington, DC is deep. He is a dedicated professional who will represent your best interests and make sure you get the best deal possible, whether you’re buying or selling real estate.

Foreclosures Bank Owned Foreclosure.

Most foreclosed properties are in need of repair, meaning that regular maintenance has not been done. A lot of foreclosed homes on the market are going to need HVAC system replacements, and possibly the services of an exterminator.

Thoroughly Check Out Condition of a Property Before You Invest Northern Virginia Realty - Gene Mock

When looking for a home, don’t choose one based solely on its aesthetic appeal. You should base your decision on the condition and quality of construction. If you base your buying decisions on only the home’s decor, you risk overlooking serious problems that could be expensive to fix later.

Home Warranties are a Good Idea

A home warranty will protect you when purchasing a home. Home warranties come in all shapes and sizes, so to speak, so make sure the one you select is best suited for the age and condition of the home.

Always Keep Your Goals in Mind Success terms written on a chalkboard with a chalk

When you are planning on making an investment in real estate, always take into account your goals. Determine if your goals are short term or long term. Don’t consider properties that don’t meet your long-term or short-term goals. A lot of investors don’t do this due diligence and buy something that does not satisfy them or even lose money.

TIP! When you want to make a good investment with real estate, consider repairing and remodeling. The value of the home will increase right away after doing this kind of work.

The information in this article should provide you with a good starting point to learning the ins and outs of real estate. Keep learning, and you can jump into the market with confidence.

Contact Gene Mock, Associate Broker, Premier Team, Keller Williams Realty 703-342-8100

Northern Virginia Realty - Gene Mock

 

Gene Mock, Associate Broker, Premier Team, Keller Williams Realty is a proven expert real estate professional. Gene and his Premier Team will guide you through the buying or selling process. Gene is a native Virginian who has dedicated himself to serving you, his client, with the utmost respect and awareness of your individual needs. His business acumen and deep knowledge of the real estate markets in Loudoun County and Northern VA are at your disposal.

Call or Text Gene today 703-342-8100 or CONTACT GENE HERE

buying tips for real estate investors

Google

Back To Blog