1. When buying real estate is necessary to understand the market environment in the area.
2. The influence in the region and in the history of the property would be taken into account.
3. Be aware of other developments in this field.
4. In the area of research before you invest.
5. The more knowledge you have, the better you are ready! For example: reading that article is a good start!
6. Learn more about the real estate market.
7. Your home on the site! The investigation into the possession and the local neighborhood of the city, the mayor's office. Ask the residents about the use of the property and its impact on them. A chapter on search charges, mortgages or agreements.
8. Make your own study of local prices. Call a few succeed and the real value of the property. Most are happy to help.
9. Remember that if the information in three. This means that they have three sources of information, which may in fact fiction.
10. As a potential investor looking to see the price for a piece of real estate is accelerating faster in the region, in comparison with other countries.
11. Check how the average price in comparison with the average prices of similar properties in other cities and neighboring towns, the development costs, construction costs, and, above all, the vacancy rate and the potential return on investment.
12. Always before the changes in the housing market. When the market cycle turns down, sell, rather than the price they expect. Many people are discovering now!
13. Understanding the power of information! The more you know, the more you can offer a cost-effective. This will help you negotiate the price of the acquisition of property. Just because someone has $ 500,000, does not mean that they sell it cheaply, because convincing presentation in the current market value.
14. Estate agents are a good source of information.
15. Always own research to determine market value.
16. Real estate agent commissions are always subject to discussion. Just because you ask for 5-10% of the sales price does not mean that you can not negotiate.
17. If you want to negotiate with the Realtor fees, examination fees provided for Real Estate Real Estate Agents in the area.
18. Remember that you are willing to pay commissions in the real estate sector, the harder it is to move your real estate to work on their behalf.
19. Education, sense of fair value. You can do this on a number of similar local properties, which are sold and the search for the average price. For example, take only 5 such facilities in the region, and dividing the sum of the values of 5, therefore, all below the average would be a good business, and nothing would be too much to pay. Obviously, his decision is not about price. Not always, but most times there is a reason that the price may be lower or higher!
20. MLS.com (Multiple Code Listing Service) is an excellent place to get information about the ads, because most real estate agents to use this site to exchange information with other ads from real estate agents.
21. Local newspapers are also a great place for local Real Estate information.
22. The Internet is also an excellent place for real estate.
23. For more information about local businesses, the investigation of the title record. Information about real estate deals that can be used to determine the average price.
24. If the head of investments, in accordance with the catalyst in the area.
25. Growing signs of development in an area that makes a statement to investors, perhaps in the area ripe for investment.
101 things everyone should know about Real Estate Investment (1)
Labels: Property Investment