Author: svgdigital

real estate deal

How to Close Your Deal Successfully

Whether you’re closing a deal on an apartment, your dream, a beach condo, etc., it’s certainly an exciting time to be at the end of the road so a new chapter of your life can begin. Don’t get too overwhelmed in the paperwork and legalities, as there are some ways to close your deal in a successful manner without causing too much stress upon yourself.

  1. Have faith in yourself. Be confident; this can carry over into the deal. If you believe in the deal, it will happen. State what you wish to happen and claim it, aim for it, make it your goal. Work hard to achieve that goal. Every detail and step may not go as planned but stick to your guns to ensure your wants and needs are received.
  2. Don’t complicate things. Don’t hound buyers with info, facts, figures, etc. This won’t truly impact their decision when the time comes. Maintain a straight-forward, direct, personable persona. Make things as simple and easy as possible. This is best for both parties involved.
  3. Listen to your potential buyers. Know what they want and what their conditions are; work to help them get what they want and need in a home. Don’t be afraid to ask questions to get a better idea of what they’re searching for and what you can do to help them receive this. If they express any doubts, reassure them. Don’t ignore any issues; face them head on and help get them resolved in a quick manner.
  4. Be yourself. Stay honest and genuine. Show your best to them and chances are, you’ll get their best in return. Good energy promotes good energy!
moving out

Signs It’s Time to Move Out of Your Home

According to the National Association of Realtors, the average amount of time a homeowner occupies a house is 10 years. However, some stay much longer than that while others are moving out sooner. It all depends on each resident’s time frame. Whatever the reason may be, there are some issues that can occur that ultimately cause a homeowner to move on to something new. Sometimes it’s financial, other times it’s emotional. Regardless, here are six ways to tell it’s time to move out.

  1. The market is skyrocketing and you want to profit from it. Depending on the area you live in, it may become a popular new place on the market. What better time to cash in, especially if you’ve been debating on moving out. The price per square foot could be increasing, houses in your neighborhood could be selling at a rapid pace, new additions to your town could be bringing in more residents, etc.
  2. Your neighbors got quite a nice chunk of change for their home(s). If you’ve noticed properties in your area are being put up for sale, search them online and see what they’re being listed for, also pay attention to how quickly they sell. If the houses that have the same amount of bedrooms and bathrooms as yours are being sold for an amount that you would love to have in your bank account, consider putting yours up for sale.
  3. Your house has become a financial burden. Perhaps you’ve fallen on hard times and you’re struggling with property taxes or mortgage payments. It may be time to find something more affordable.
  4. Your family has overgrown the home. If you bought a home when you first got married but now have multiple children, pets, etc., it may be time to move into a larger home.
  5. You need a change of scenery. Whether you want out because a loved one has passed away and it’s time to move on, or if you simply want to move to a different part of town.
  6. Maintenance has become too costly. This could be landscaping, snow removal, issues with your septic tank, trash and recycling, house-cleaning, etc. All of these add up over time and many of these services don’t come cheap, especially if they occur often.

You’ve stayed for at least five years (the recommended minimum time). Selling too soon means there is a chance you haven’t built up equity beyond the down payment, as mortgage payments are mostly just interest payments in the beginning. It’s not a good look to buyers if you haven’t been in the house for long. They’ll wonder if something is wrong with the house or the neighborhood to cause you to exit quickly. This could affect their decision to buy

best reator

How to Spot a Successful Realtor

While every realtor is different, there are ways to spot who is more successful in your area. Below are some tips to help you pick out the best realtor from your list of options.

  1. They’re quick to respond. Whether it’s a phone call or an email, exceptional realtors don’t hesitate to get back in touch with you. Keep in mind they are busy and have other clients, but they will make time for you as soon as they can, which usually isn’t long at all.
  2. They keep you informed and help you along the way. Great realtors want clients/customers to know as many details as possible – how the process works, potential issues/scenarios that could arise, etc. Ultimately, realtors want the best for their clients. They are willing to go above and beyond to make sure you get the home you’re looking for or get the most out of the home you’re selling. They’re also willing to work around your schedule so you have time to view different houses, meet with them, etc.
  3. They stay updated with current trends in technology. If you prefer to communicate through texting, this shouldn’t be an issue for the realtor, as many carry smartphones and/or smart tablets with them.
  4. They know neighborhoods. If you have one in mind, ask your realtor about the environment – what has sold recently, what the residents are like, what’s in close proximity, what the crime rate is (if any), etc. If you’re looking for a home near a playground or close to downtown, they will be able to point you in the right direction.
  5. They experiment with leads to get new clients. Leads are how realtors get clients; many try out different forms, such as advertisements (billboards, bench ads, bus ads, radio, newsprint, etc.), social media, flyers, etc.
  6. They have a great circle around them. What this means is that they network – not only just for new clients, but also for potential business partners. Realtors develop relationships with contractors, appraisers, lenders, insurance providers, etc. Their suggestions often make things easier for clients who need the help/professional advice of such an individual.

 

rental house

What You Will Need to Know from Potential Tenants

Choosing the right tenant for your property can, at times, be stressful. But the task is made so much easier if you’re prepared and know what to look for in each individual. Here are some things you’ll need to know from potential renters.

  1. When they plan on moving in. This depends on how soon you would like a tenant to move in; if they’re not planning on moving for another three months, you may want to hold out and wait for someone who is ready to move in much sooner.
  2. If they’re able to pay move-in costs after signing the lease. Let them know you require first month’s rent and a security deposit, followed by what the amount will be. If they’re prepared to pay as soon as the lease is signed, continue with the process. If they’re hesitant and ask about payment plans, consider this to be a red flag. Chances are, you will have difficulties getting the full payment on time. If they say they don’t have the money “right now,” move on to the next candidate.
  3. If they have pets. This depends on whether you have a no pet policy or if you only allow certain types of pets. You can use this moment to explain your policy and if you have any pet fees.
  4. If they’re able to pass a background check, as well as a credit check. You can show the place to them, but you’ll need to inform them that an application and a check will be required before they can rent the property. If you’re charging a fee for this, tell them the amount.
  5. Why they’re leaving their current residence. Some may say, “Well, it’s because I don’t get along with my landlord.” Or, “My lease was terminated.” If this is the case, contact the landlord to determine why this tenant is trying to leave. This will give you an idea of what to expect, should they rent from you.
rental house

Tips for First Time Property Managers

Property management has its perks, but it also has its challenges – as is the case with most aspects of life. However, your first time managing a property doesn’t have to be a total nightmare. Here are some tips to help you, should you be new to the field.

  1. Take your time with screening candidates. Set your standards high and complete a thorough screening of each prospective candidate.
  2. Make payment options easy for both you and the renter. Many use the option of paying online, which is perfect in today’s technologically driven world. When using this payment option, include it in the lease and use a reputable online rent payment company, such as Cozy or Appfolio.
  3. Finalize your lease and stand by it. Your success will be determined by the strength and fairness of the lease you’ve created. A written lease is always best, even if they’re renting month-to-month. You’ll want everything in writing, should issues appear later on.
  4. Thoroughly inspect your property once a quarter. There will most likely be a repair, issue, or maintenance needed once a quarter. Sure, you can hire a contractor; but follow up on their work to make sure the issue was resolved.
  5. Be a model citizen. Everyone knows that customer satisfaction is the number one goal, or at least should be, for every business. Be fair and honest in your work; be timely in following up on promises and repairs. If you’re good to them, chances are, they’ll be great to you.
  6. Don’t refrain from using notices. While every state has their own requirements, abide by the law and use a notice – this applies to whether you will be visiting the property or terminating the lease. It’s what’s right and what’s fair.
  7. Withhold the deposit amount ONLY if damages have occurred. This is in regards to material and financial damages, such as rent, late fees, cost of repairs, etc. Don’t withhold the deposit if you and the tenant got into a disagreement or if they found a way out of the lease. If damages are present, you will need proof through either a receipt or the contract/lease.