Tips to Find Off-Market Properties

Tips to Find Off-Market Properties

You’re writing your own destiny so be proactive. Once you find a property, go ahead and search for their details in public records – owner name and contact details. If they aren’t interested at first, don’t give up. Ask them if you can follow up with them bi-monthly. Approach owners directly. Build your network and try to convince people to partner with you – start with your inner circle.

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Essential Tips for New Homeowners

Essential Tips for New Homeowners

After months of house hunting, you finally found the home that works for your budget and needs. Congrats! For many, becoming a homeowner is the equivalent of achieving the American Dream. It’s also one of the largest financial investments anyone will ever make. For this reason, it’s especially important for new homeowners to start off on the right foot. From finding a reliable handyman to understanding your property taxes, here are some essential tips to make your first homeownership experience a success.

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SHORT SALE vs. FORECLSOURE

SHORT SALE vs. FORECLSOURE

The number one reason why we advocate pursuing a short sale vs. a foreclosure, is that a foreclosure will prevent you from obtaining a mortgage for a minimum of five to seven years, in addition to extensive damage to your credit, whereas a short sale will have far less damage to your credit in that most borrowers will be able to obtain a mortgage after two years of conducting a short sale.

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Why Short Sale?

Why Short Sale?

A homeowners has an option to "short sale" when their property is worth less than what they owe to their bank(s). For example, if your house is worth $400,000 and you owe your bank(s) $550,000 in loans, home equity lines of credit, tax liens, etc. If you qualify for a short sale, you may be able to sell your property for less than what is owed, avoid foreclosure and walk away from the property with no debt. A short sale is a far better alternative to foreclosure, both for you and your bank. It is significantly less damaging to your credit, and you'll be able to buy a home much sooner after a short sale than with bankruptcy or foreclosure.

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BEST STRATEGIES TO FIND MULTIFAMILY DEALS

BEST STRATEGIES TO FIND MULTIFAMILY DEALS

With great flexibility and ROI for investors, multifamily properties have managed to serve as a tremendous line of business for lenders enhancing popularity in the real estate market. Savvy real estate investors are hungry for ROIs and cash flows. So, where do you find the deals? There are 2 ways to search for a property – sales listings, also known as “on market” and properties available behind the scenes, also known as “off-market” Owing to the tight market situation, finding great multifamily deals is not as easy as it used to be 5 years ago, but it’s still possible. All you’ve to do is search in the right place, be proactive, and grow your network.

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PREPARING YOUR HOUSE FOR SHOWINGS

PREPARING YOUR HOUSE FOR SHOWINGS

Preparing your house for showings can sometimes feel like the buildup to Thanksgiving dinner or a family Christmas party. Just like preparing for those holidays, there’s a lot of cleaning involved for the host. But instead of ending the ordeal with a large meal – and quality family time, of course – there’s no turkey or pumpkin pie at the end of this tunnel.

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7 WAYS TO SAVE MONEY ON NEW CONSTRUCTION

7 WAYS TO SAVE MONEY ON NEW CONSTRUCTION

You can negotiate on the price of a resale home but the price is the price on a new construction home, right? Generally, that’s true. Builders don’t like to discount their homes. But, a price reduction isn’t the only way you can save when buying a brand-new home. Use these tips and tricks and you might be able to get a better deal than you thought possible.

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THINGS TO CONSIDER WHEN CHOOSING A NEIGHBORHOOD

THINGS TO CONSIDER WHEN CHOOSING A NEIGHBORHOOD

Moving is a tough process because of the different elements you have to think about that affect how much you’ll enjoy your new home. One of these factors is the neighborhood that your prospective houses or apartments reside, as it can play a role in how much you are able to relax, advance in your career, and keep yourself and your loved ones safe.

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SHORT SALE 101

SHORT SALE 101

A short sale is when your mortgage lender(s) and/or lien-holder(s) agree to discount the loan, accepting less giving you an opportunity to sell your home at current market value. If your home is over-leveraged, underwater, or you are behind on payments and cannot sell your property for what is owed, then you may be eligible for a short sale.

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SELLING YOUR HOME WHEN YOU HAVE KIDS

SELLING YOUR HOME WHEN YOU HAVE KIDS

When it is just you and your spouse, or maybe you have one kid, allowing a one-hour notice to show your house often will work. When you start adding in a few kids, maybe nap times and a dog, one hour becomes a short window. Getting the kids ready, getting the house clean, and getting everyone out the door can take longer when you have kids. That is why it is alright to ask for a longer notice. Two or even three hours’ notice is not being unreasonable.

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THE MORTGAGE PROCESS: IT’S NOT AS SCARY AS IT SEEMS!

THE MORTGAGE PROCESS: IT’S NOT AS SCARY AS IT SEEMS!

Many consumers have misconceptions about what it takes to qualify for a mortgage. Knowing key mortgage qualification criteria such as: down payment percentage, credit score, and debt-to-income ratio and getting pre-qualified will take the anxiety out of the mortgage process.

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FLYING SOLO: 5 STEPS TO BUYING A HOME ON YOUR OWN

FLYING SOLO: 5 STEPS TO BUYING A HOME ON YOUR OWN

The home-buying experience often portrayed in advertising generally seems to focus on couples and families. But these days, only 40% of first-time home buyers are married. The process of purchasing a home for a sole owner may be fairly like that of anyone else, but there are a few slight differences in how a single buyer might approach the home-buying experience.

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