tag:blogger.com,1999:blog-77148528252379000822024-02-07T21:45:44.583-08:00Sam's Real Estate BlogSam Wilsonhttp://www.blogger.com/profile/13015227776977403370noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7714852825237900082.post-90940269886891303802019-07-26T08:02:00.000-07:002019-07-26T08:02:07.568-07:00Consider Five Important Points Before Selling Your Rental Property<!--[if gte mso 9]><xml>
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<br />
<div class="MsoNormal">
<span style="background: white; mso-fareast-font-family: Calibri;">Sometimes, there comes a time for a landlord when he might want to sell
his rental property. As a landlord, you just want to make a profit from it at
the right time or there can be any other reason. Maybe the property is not
working out for you. Maybe this property has failed in giving you a potential
return. Maybe you need some money for your family. Maybe you have changed your
mind about investment. Maybe an unforeseen need is coming to the way that leads
you to sell the rental property. Maybe you want to invest in any other
location. You just want to sell your rental property for whatever reason. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<img border="0" data-original-height="565" data-original-width="849" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-440m0skD3avrf7IIXNojxSig3ErToPFqV7G3SuJjgEfYanv4RpGxvFOqXiXsuYU6TLO2I1UpPkrevSHcInyCXwUR8IHRvUst0ey_dDmSyU7HtcgJK-RymabWM46bzGQqGNoYDwX3d9R6/s400/investment-property.jpg" width="400" /></div>
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<br /></div>
<div class="MsoNormal">
<span style="background: white; mso-fareast-font-family: Calibri;">As my earlier blog told you some essentials for <a href="http://aislinnpuig.blogspot.com/" target="_blank">buying a rental property</a>. Just like that, you need to consider some essentials before selling
it. If you want a profitable deal from selling this rental property, you still
need to consider some points. I f you just want to get rid of the property, you
may bump into an unprofitable agreement. Whatever the circumstances are do not
end up in a fruitless deal. Maybe you just want it gone but consider some
essentials that can give you a profit on your rental property. If you are
having some bad experiences, do not lose hope, this time it might give you a
good return on selling. </span></div>
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<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="background: white; mso-fareast-font-family: Calibri;">1. Is the real estate
market is in your favor?</span></b></div>
<div class="MsoNormal">
<span style="background: white; mso-fareast-font-family: Calibri;">When you are a real estate investor, you could be either a buyer or a
seller. However, your situation is important. I mean what are you now, a buyer
or a seller? If you are a buyer think about the tenants and profit. Think about
the profit you can make from this property. You need a vision while buying a
rental property. But if you are the seller think differently. Before selling
your property do research on the real estate market. You will make a profit
from it only once. After selling, this property will not give you any type of
profit. So, be careful before selling a property. Wait for the rental season
before selling. Try to sell your property in summer. If you want to sell your
property in winter, it will be a cold deal. </span></div>
<div class="MsoNormal">
<br /></div>
<div style="text-align: center;">
<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/to6UxWWAsqM" width="560"></iframe>
</div>
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<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="background: white; mso-fareast-font-family: Calibri;">2. Do Complete
Homework to Compete with other Landlords</span></b></div>
<div class="MsoNormal">
<span style="background: white; mso-fareast-font-family: Calibri;">Homework is an essential point. If you are selling your property in
summer, it will give you a good client. But still, homework on other owners,
properties, rates, and the market is essential. To compete with other owners,
your homework on the rates, legal formalities, and repair cost reduction is
significant. Do research on the homes and their rates? Compare your property
with others. Find out why they have high rates than you. Do homework on the
renovation cost and other cost deduction rules. Check out the listing details
of the real estate markets. You can make a potential deal from your rental
property if you do your homework completely. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="background: white; mso-fareast-font-family: Calibri;">3. Some Renovations
can Give you a Potential return</span></b></div>
<div class="MsoNormal">
<br />
<div class="separator" style="clear: both; text-align: center;">
<img border="0" data-original-height="400" data-original-width="650" height="245" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLjyBFqsegqELhnNvOMiK2vVtcGPNZ3ly6CdU5z_T3UoTmkav-eZrxQ7MPZK3MTNQdrSIplWRxLd6xiioL4t_0GRXKHZ6bvSUN5raqPd5_3gbdJh6_TcZXaGkuUXSsTuR_kAjN_a40yYgg/s400/beautiful-hard-wood-floors.jpg" width="400" /></div>
<br />
<span style="background: white; mso-fareast-font-family: Calibri;">I am not suggesting that you should do all the fixer-upper before
selling it. I know that will be a useless expense. But some renovations and
repairs can give you a good return. If you make your property updated before
selling, It will give a potential profit. When you make some changes in your house,
renovate it, the price will increase. The customer will give you a potential
amount if the house is up to date. Now, the question is what type of repairs
you should do? Do not change the look of the home. Just make some necessary
repairs. Fix the paint of the building. Fix the lighting issues, fix the
electricity problems, consider new fixtures, water pipes, gas connection, and
flooring updates. The outlook of the building should be appealing. </span></div>
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<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="background: white; mso-fareast-font-family: Calibri;">4. Cleaning of the
Building</span></b></div>
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<span style="background: white; mso-fareast-font-family: Calibri;">Before selling clean your home, Clear out the garbage and any extra or
useless stuff from the home.</span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="background: white; mso-fareast-font-family: Calibri;">5. Do not Negotiate
the Deal Again and Again</span></b></div>
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<span style="background: white; mso-fareast-font-family: Calibri;">Sometimes as a landlord you do the biggest mistake of negotiating your
price again and again. Do not make changes in your final rates. Just make one
or two negotiations.</span></div>
Sam Wilsonhttp://www.blogger.com/profile/13015227776977403370noreply@blogger.com0tag:blogger.com,1999:blog-7714852825237900082.post-16997288019271663062017-01-09T02:00:00.001-08:002017-05-22T04:18:00.871-07:00Top 5 Reasons Why Buying A Home For the Holidays is A Brilliant Idea<div class="MsoNormal">
When thinking about buying a home, one doesn’t immediately
jump to the idea of buying one around the Holidays. Sure, we may do some poking
around to see what’s out there. Maybe go on a few <a href="https://patch.com/connecticut/trumbull/investing-real-estate-doesn-t-have-costly-5-ways-reduce-these-costs">Real Estate Virtual Tours</a>.
But, to go and actually buy something, it’s not likely. After all, there’s
already so much going on, why just add something as complicated as moving to
the list? Well, there may be a good reason. 5 good reasons actually, why you
would want to consider <a href="http://www.cbsnews.com/media/top-reasons-to-buy-a-home-during-the-holidays/">buying a home for the Holidays</a>. </div>
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Reason #1: You Could Get An Amazing Deal</div>
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The best time<a href="https://www.blogger.com/null" name="_GoBack"></a> to buy is when it’s a
buyers market, right? Well, that’s exactly why the Holidays are a prime time to
look into purchasing a new home. It’s rare that people are looking to buy
during this time, making it harder for sellers to unload their home. Which is
bad for them, but great for you. Reason being, most sellers will probably want
to try and close a deal by the end of the year. So, there’s a higher chance
they’ll give you that price cut or those upgrades and repairs included in the
buying price. The idea of closing before the end of the year brings us to
reason #2. </div>
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Reason #2: It Will Help With Your Taxes</div>
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If you have the good fortune to close before the end of the year,
you can itemize some for the costs associated with moving. Such as Real Estate
tax, and mortgage interest. In some cases you can even itemize costs that are
associated with hiring a local moving company, if your move is work related.
Trust us when we say you ‘ll appreciate the tax break now rather than later. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3dk-0J-yZkxb8w_wj2rdAPWGWstJN9qTJwDITn7bbTVHeUlfxiVtCJ93YiIfE_S10heqrIu8c1Ba-BanYJQl7CgRTyAtvlHQxpmsKDoTDWfJQcyiphfsOXweR8moGvnwRyuguVrFPW5AH/s1600/buy-during-the-holiday-season.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3dk-0J-yZkxb8w_wj2rdAPWGWstJN9qTJwDITn7bbTVHeUlfxiVtCJ93YiIfE_S10heqrIu8c1Ba-BanYJQl7CgRTyAtvlHQxpmsKDoTDWfJQcyiphfsOXweR8moGvnwRyuguVrFPW5AH/s400/buy-during-the-holiday-season.jpg" width="400" /></a></div>
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Reason #3: You’ll Have Less Competition From Other Buyers</div>
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This reason goes along with our first reason in some
regards, because as we said before, there are not a lot of people looking at
wanting to buy. Which gives you not only more advantage, but time as well. You
no longer have to go from taking a Real Estate Virtual Tour on the computer, to
making a mad dash to do the actual live tour before someone else snatches it
off the market. Plus, you’ll have your pick of Real Estate Agents. Who are also
just as motivated to help you find and buy a house before year-end. </div>
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Reason #4: You Might Get A Lower Interest Rate</div>
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Again, because influx of buying and selling decreases during
the holidays, banks are more apt to give better interest rates in order to keep
the borrowing rates going. However, there are a few things to keep in mind.
First of all, you need to make sure you start your search for a bank earlier
on. Banks have a tenancy to shut down at the end of the year, so make sure that
a majority of the work is done before the business of the holidays start. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglEREY1Pz9OwBdvNmjs9HJaTSJvIy_lDlZ82-1WEcoqRazJ1PQQjOM8aqhy5KtOEgStrP8NQouUSmokpkID1Tg6q8ZnySCpjHBBsu5mSMBxKNXFyew-t9ocMpoQIPjXAEfXv9xFU8rkkpF/s1600/buyhouseforchristmas.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="307" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglEREY1Pz9OwBdvNmjs9HJaTSJvIy_lDlZ82-1WEcoqRazJ1PQQjOM8aqhy5KtOEgStrP8NQouUSmokpkID1Tg6q8ZnySCpjHBBsu5mSMBxKNXFyew-t9ocMpoQIPjXAEfXv9xFU8rkkpF/s400/buyhouseforchristmas.jpg" width="400" /></a></div>
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Reason #5: Sellers will want to close quickly</div>
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If a seller has a house on the market during the holidays,
it’s more than likely for one of two reasons. One reason being that they’ve had
in on the market for a while already, or two, they really need to sell it
quickly. Meaning, they’ll want to close quickly once an offer is made. You’ll
also have the support of your agent and the bank, because closing a deal by the
end of the year is a win-win for everyone all the way around. </div>
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So, if you’re needing or wanting to buy a home, consider
doing it during the holidays. You may find that not only will you get your
dream house, but you can get it for your dream price as well. And that would
definitely make it a very Happy Holiday indeed. </div>
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Sam Wilsonhttp://www.blogger.com/profile/13015227776977403370noreply@blogger.com0