What to Consider When Selling Your Home Fast

When you are considering selling your home, it’s easy to get lost in all of the confusion. Is there a time of year where homes sell faster? Should I sell before I buy my next home? What repairs need to be made before I can even think about selling? We sat down with a representative from Alex Buys Vegas Houses (https://alexbuysvegashouses.com), a company that specializes in buying homes fast in the Las Vegas, Nevada, area to discuss some of these questions.

1. Does the time of year make a difference when someone is trying to sell their home?

Selling a home and moving are major life events. It’s not something one does over a weekend to kill boredom. It’s something that often requires thought and planning. To say most people consider moving at a given time of year would be disingenuous. Most people need to have a reason to move; new job, kids left the home and it’s too big/empty without them, death in the family, and many more. Of course, in the desert city of Las Vegas, moving in the summer is a bit tiresome given how hot it can get.

2. Should I buy a new home before selling my current home?

There are a lot of factors one needs to take into account to answer this question. First and foremost is understanding what impact this will have on the seller’s family and bank account.

Selling first gives the advantage of having cash on hand for purchasing your new home, but there is an uncertainty of how long it will take to find, purchase, and move into a new home. A family with children still in school may need to find temporary accommodations near the schools the children will or are currently attending. In some instances, those accommodations may not be as close to the schools as you’d like which could make it difficult to get them to school every day.

On the other hand, buying first allows you to know exactly where you will live and when you can move in; however, you may not have the funds on hand to get into your new home.

It’s a delicate balance, but it’s something to consider.

3. What repairs need to be made before I sell my home?

You want to make sure your home is in “show” condition before you list. This means there are no aesthetic issues and everything looks and functions as it should. Any repairs that need to be made by the buyer will cost you more on the sales price.

Of course, if you decide to sell your home fast to a house-buying company, you can avoid any and all repairs as they are usually willing to buy your house in its current condition.  Of course, the price will reflect any and all repairs that do need to be made.

4. What do I need to do myself?

Remove any and all clutter.  Clean the house.  Take care of the landscaping.  If you have large and bulky furniture you plan to keep, move it into storage. You may want to think about hiring a company that specializes in staging your home so potential buyers can see the best your home has to offer.

5. How long is the house-selling process?

That depends on many factors. You can expect an average of around 60 days (source: Zillow).  Some homes will sell faster, but others can take much longer to sell. This is a process. There is a lot that goes into selling your home.

Once again, you can avoid this time frame by connecting with a house-buying company such as Alex Buys Houses. They can purchase and close on your house in a much quicker time frame.

Selling your home isn’t something to be taken lightly. The process can be long and arduous. It can cause headaches and stress; however, if you get in touch with a solid real estate agent, the process can get much easier.  Alternatively, you can avoid all of the hassles by selling to house flippers that want to buy your house fast.

Las Vegas Real Estate – Get the Best Deal for a Property in Las Vegas by Using These 4 Powerful Negotiation Tactics

Las Vegas Real Estate Information Series

Good negotiation skills can make the difference between a successful deal and an unsuccessful deal. It can be the difference between getting a bargain and being ripped off. Here are some negotiation tips for getting the best deal on a property in Las Vegas.

Tip #1 – Position Yourself as the Chooser

It’s been said that whoever cares about the result less in a negotiation is likely to come out on top.

If you’re making an offer, the more it seems like you could take it or leave it, the more likely the seller is to acquiesce to your terms. The reverse is true as well.

Tip #2 – Have Reasons to Back Up Your Offer

If you make a low offer on a property, back it up with reasons.

Let’s take an example of a property that’s worth $100,000 and you wanted to offer $80,000. Which example is more compelling?

Ex #1 – “I’ll offer $80,000 for the property because the plumbing is 20 years old and will need repairs soon, the vacancy rate is high compared to nearby buildings and because the building is in violation of a couple building codes.”

Ex #2 – “My offer is $80,000.”

Giving the seller reasons for your number legitimizes your offer.

Tip #3 – Offer an Exact Number

If you pick a number like $177,551 the seller is much less likely to want to argue that if you picked $180,000.

If you pick an exact figure for your offer, the subconscious psychology is that there’s a reason you picked that figure.

Tip #4 – Flattery Gets You Everywhere

The reality is that people enjoy dealing with people that make them feel good. In the end, they’re more likely to give you a better deal if the negotiation experience is a positive one than a negative one.

Remember that you’re on the same side. The seller wants to sell and you want to buy. Work together to create a win-win deal rather than try to “beat” the seller.

These four tips will get you a long way in getting a great deal for your property.

There is a lot of free information available to you about buying, selling or investing in Las Vegas real estate. For complete information about the Las Vegas real estate market including current properties for sale, property values and more please visit the most complete website online dedicated to everything Las Vegas real estate by clicking the blue text link. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.

Real Estate Finance and Investment – Factors Affecting the Industry

In today’s world of deflating real estate values and impending credit crunch, real estate finance and investment are important to understanding. With a proper plan, you can cash in on the deals currently available by using the proper finance plan to leverage your investment. Real estate programs that are provided by an advisor are empowered with expert planning and advice to help with investing in financial transactions and getting loans.

Real estate finance is basically the borrowing of money which can be used to acquire or develop a property, most especially commercial ones. In general, most seasoned real estate investors take advantage of real estate finance in order to expand their ventures. Real estate programs include perfect planning for any real estate investment that is done by a real estate investor who understands loans and a particular financing program.

Real estate finance and investment work this way: an investor finds a property that he or she plans to purchase. The investor will then think about what he/she plans to do with the property. Once he/she has studied the potentials of a property, he/she then creates an investment plan. The plan includes the actual purchase price of the property plus other costs that the investor might incur such as repairs, renovation, and even transaction costs. The plan should also include the exact amount he or she wants to borrow, the number of years he/she plans to pay it, an estimate of the total amount of loan after interest rates compared to the expected amount of profit. By creating an investment plan, the investor can see the advantages and disadvantages of purchasing that certain property. When a real estate investor obtains an investment property loan it is critical to invest in property by taking assistance from the right financing program in order to have successful real estate investments.

You will need to understand that real estate is a risky business and most real estate financers require a lot of documents before a loan is released. As such, you might want to make sure that your credit history is correct. You can get a free copy of your credit history from credit reporting companies such as Experian so you can review the entries and make the necessary corrections. Your credit history shows your ability to pay and just like a regular home loan, your credit history affects the interest you have to pay and as an investor, your goal is to get the lowest rate possible.

Another consideration is your prior experience. If you are currently employed by a good company or you have experience with property management, then these are plus points which could help with your application. Being employed in a company for a long time is also a factor. These things actually show how responsible you are with your job and that you have the capability of managing your real estate business properly which in turn increases the chances of repaying the loan. Your ability to convince the financer that you can manage the property and repay him on time is important in getting real estate finance. Investors, while making real estate investments, should avail the services of a professional financing program in order to understand investment property loan process.

Successful real estate finance and investment have been practiced by many real estate investors for years, including Donald Trump, to name one. It is not impossible to control property without down payment. But you need to understand that real estate financiers are real estate averse and they will take all necessary precautions before your loan is granted. As such, you might want to do a check on yourself and see if all the factors mentioned above are in a level which is more than acceptable to a lender. An investment property loan requires ample planning.

In the real estate investment industry you have to be sure to stay on top of things, that being said our real estate finance and investment newsletter will help you to do just that. We provide wonderful insight into this fascinating industry and will surely prove to be a vital tool in regards to your efforts to dominate this business.

Investment Property Loans In Las Vegas – Things to Consider

Investment property loans can be obtained from savings and commercial banks, credit unions, insurance companies, mortgage bankers, finance lenders, investment trusts and many others. There are even several individuals who offer investment property loans.

A course in investment property loan is of two types. They are related to real estate investments – residential and commercial. The residential property loans, also categorized as non-owner occupied loans include investment properties which are for rental income and for future appreciation. Investors who want to file loans under this category are limited to get financing for up to four units only. For those who are planning to get financing for more buildings which has more five or more units, they will have to file under the commercial category. In general, the interests on the investment property loans are paid through the rent of the units. The major factors that are considered by the financing institution are the investor’s income, credit score, and reserves.

Real estate financing can also take the form of commercial loans, bonds and stocks, equity financing, and security agreements. Commercial loans for investment property, also have several features which are not known by a lot of people. Most investors prefer short-term loans but some financing institutions also have interim and long-term loans. Investment property loans offered by some institutions are classified as permanent debt, construction debt, mezzanine financing, foreclosure investor money and hard money loans. Real estate investment financing is that financing program that lets the investors invest in real estate programs. Each of these loans is specialized on the kind of real estate practice that an investor uses but it is said that the best type of loan for those who like to buy houses, fix them up, and resell them is hard money loans. Real estate investment financing is something that requires expert planning.

Before you file for a loan with any financing institution, it is best to shop for loans first. Now the question on your mind should be: “How do you get the best investment property loans?”

You need to understand that investment property loan is different from the regular home loan. For one, the amount you are trying to borrow is much larger than a regular mortgage. Aside from the usual credit history and employment check, real estate financers also check on the loan to value ratio of the property you are trying to acquire. The loan to value ratio is basically the amount you are trying to borrow versus the current value of the property in the market. For a property worth $100,000 financing institutions will have no problem approving a loan of $80,000 and below. The remaining $20,000 is basically their cushion in the event that the investor is unable to pay and the property will have to be foreclosed. An advisor is there to help a real estate investor in understanding real estate programs more clearly.

In the real estate investments you have to be sure to stay on top of things, that being said our investment property loans newsletter will help you to do just that. We provide wonderful insight into this fascinating industry and will surely prove to be a vital tool in regards to your efforts to dominate this business. The knowledge of a financing program helps a real estate investor to know better about a particular investment property loan.

Commercial Real Estate Investment – No Sign of Recession

Commercial real estate investing is preferred by investors because it fetches more profit and it also provides passive income. A lot of people prefer to invest in commercial property because of its higher ROI but it is also true that commercial real estate investment is a risky business.

The current fear on real estate investing arose from the 1980 crash of the real estate market and some people say that the current state of the market is very much a parallel of those times. In 2006, money gushed into the market which drove real estate property values to unprecedented heights creating fortunes for many real estate investors. It was the time for buying and selling properties, but as the law of demand and supply has already predicted, prices started going down as demand started to fall. At present, a lot of real estate investors claim that another market crash will happen, but fortunately, many precautions are already in place and there still are a lot of real estate investors see low priced commercial and residential real estate properties are still good investments. Residential & commercial real estate is a perfect way to fulfill your desire for obtaining properties to fulfill your cash flow needs.

A lot of market pros are seeing a parallel, that is true, but there is no indication that another market crash can happen. As a matter of fact, commercial real estate investment has earned an asset class that competes with that of bonds and stocks. Structural changes in the market have created the stability that it needs in order for it to become a good investment capital. Some of these changes include the rewriting of the tax code and the fact that tax-loss syndicators are now out of business. But these aren’t the real reason why commercial real estate investment is becoming one of the major industries of today. Three fundamental and lasting changes have made residential as well as commercial real estate properties the perfect choice of investment.

1. REITs take off. In order to produce capital for their already dried up businesses, owners opened their companies in the form of real estate investment trusts, more commonly known as REIT. In the period of 1992 to 1997, 150 REITs were opened to the public which in turn increased the value of many companies. At present, there are about 180 REITs in the US are being traded.

2. Residential and Commercial Real Estate Investment by the Wall Street. Wall Street has found an opportunity to enter real estate through the mountains of Sell and Lease loans from the Resolution Trust Corporation (RTC). Because of the low price of real estate, investors can now earn more by leasing property if they are unable to sell it at a specific period of time. Residential real estate with the right financing solution can be as lucrative as investments in commercial property.

3. The Rise of Secured Debt. With the active participation of Wall Street in real estate investing, RTC proposed a plan to sell loan packages instead of the usual one property at a time. Commercial mortgage-backed securities were then issued in payment.

A lot of market pros believe that in order for the stability of the real estate market to continue, there is a need for information. Thanks to the existence of the information superhighway, this is task is so much easier. An advisor is there to help you in planning for the perfect commercial property as per the needs.

In the real estate investment industry you have to be sure to stay on top of things, that being said our commercial real estate investment newsletter will help you to do just that. We provide wonderful insight on this fascinating industry and will surely prove to be a vital tool in regards to your efforts to dominate this business.

Commercial Real Estate Investing in Las Vegas – How to Get Started

If you are reading this article then you have probably realized that commercial real estate investing is a fruitful and promising field and if done properly can be lucrative and produce many monetary perks. The only question is how they get started in Las Vegas without breaking the bank.

Real estate investing in commercial properties is a very unique industry, considering the work involved, real estate commercial investing is a very easy industry that produces large sums of profit. The best part about commercial real estate investing is the fact that you do not have to be extremely knowledgeable on the subject, you have to have a clear plan and vision with an ample amount of common sense. Ample planning is required when it comes to residential and commercial real estate investment in Las Vegas.

When starting off in the real estate industry, that has a commercial aspect, you must first do some grunt work and search for prospective deals and offers. You can find prospective properties through a number of media outlets. You can search real estate advertisements in your local newspapers or the periodicals of surrounding areas in close proximity to where you want to invest. You can network with other workers in the industry and ask them to provide you with leads or you can look for eventual deals on the internet. When it comes to investment in commercial property, appropriate advice should be given to the investors.

Real estate investing, with its commercial aspect, provides individuals with the range to go about their business however they want to, perhaps that is what’s so attractive about this industry. After you have found some prospective deals you must inspect a property to see if it is in accordance with what you are looking for. Considering that you will putting your hard earned money into these ventures you must scrutinize everything you believe to be important, down to the crime in the neighborhood that the property is located all the way to the behavior of citizens in areas that are in closed proximity. You must learn to quickly spot what is and is not for you, this will allow you to go about business faster and increase your potential profits. Residential and commercial real estate in Las Vegas is one of the biggest aspects of residential real estate investing.

After you have decided that a property is for you and is in accordance to what you are looking for you make an offer. You have to realize that there are plenty of ways to go about purchasing a property. You can acquire a loan from a bank to have the capital to buy the property or you could utilize a commercial lender. There are also private lenders out there willing to help you with the purchase of a property. The point of finding someone to borrow from is to use someone else’s money instead of your own. This lowers the risk of you becoming hurt, monetarily speaking, drastically. That is another perk of this industry. You can gain so much money but the risk involved is not as high as you would think, considering the huge amounts of money involved. You have to remember to careful. You must look at every aspect of the property and the deal and be sure that you are making the right decision. This prevents the loss of precious time and money. It would be wise to make a exit plan as well. Just in case you have to sever ties with a particular business deal that may be resulting in money loss. Investors should take advice from the advisors who provide expert planning in terms of residential real estate programs.

In the commercial real estate investment industry you have to be sure to stay on top of things, that being said our commercial real estate investing newsletter will help you to do just that. We provide wonderful insight on this fascinating industry and will surely prove to be a vital tool in regards to your efforts to dominate this business. Real estate investment advice is given for investments that are made in Las Vegas real estate and commercial property deals.