Ways to find that one elusive perfect real estate investment. Before you decide to buy a home, you should always think things through and be sure to look around different areas and neighborhoods. Even though there are many cheap homes out there, you can get just as good of a deal through negotiating.
When in a strong or weak market with the new technology available to give up-to-the-minute assessments of properties, an investor can lose large amountsof money in a short period of time. For the best chance to successfully obtainingyour perfect investment property, consider these suggestions:
Take advantage of the internet. You can find a "hidden gem" by searching through the millions of properties listed online, and viewing the property's description, pictures, asking price, and legal information. Usually, the only way to avoid a real estate agent fee is to look for property listed For Sale by Owner, or posted on other free sites.
Look into getting your own access to the Multiple Listing Service (MLS). A license is required in some areas, but some places you can buy into the service for a fee.
Keep in mind that using a good Real Estate Agent does have some advantages.If time is an issue for you, leveraging an agents time and resources may be the way to go. As investors, our job is "negotiating". With that in mind, who says that we shouldn't try negotiating with an agent on their commissions especially if it makes or brakes the profitability of the deal for you. Remember that 3 percent of something is much more than six percent of nothing.
Get out and investigate the area that you're considering buying in person. Will the price be held down because of the condition of the neighborhood?
If possible, talk to the neighbors. They might give up information about the property that the seller hasn’t mention, like the front yard that floods after two days of rain.
Get a professional inspection. When you make your offer, add a satisfactory home inspection contingency. Use a trusted professional inspector and carefully review the detailed inspection report. Few properties, even new construction, are perfect. Use the report to negotiate the repair of problems or an adjustment to the selling price.
Before you decide to buy a home, you should always think things through and be sure to look around different areas and neighborhoods. Even though there are many cheap homes out there, you can get just as good of a deal through negotiating. Most wholesale homes sell very quick, which is why you should always be on the lookout for one. When you find a discounted home that fits your needs, you should act on it.********************************************************************For more on wholesale investmet property deals and real estate tips, visithttp://chicagowholesaledeals.com********************************************************************
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