Buying Real Estate Thats Not For Sale
Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. You're looking at the same properties as every other investor, of course, so it's not always easy to beat the competition to a great buy. A better way to find good real estate investments is to look for properties that aren't yet for sale, and make an offer. I bought my first home this way. I put an ad in the paper stating what I was looking for, and soon had a call from an old couple that had been thinking about selling. I bought their place at a good price, and they saved a broker's commission. Buying investment real estate that isn't for sale starts with a three step search process. First decide what you are looking for. Single family rentals or apartment buildings? Then start looking for properties that fit your criteria. Then contact the owners. Buying Real Estate From Non-Sellers Don't limit yourself to "fixer-uppers" or other "problem" properties that seem more likely to have owners willing to sell. Many owners of investment real estate have thought of selling, so you can start with almost any building you like. You never know beforehand if or why a landlord is ready to call it quits. You find out by asking. Tact is necessary here. Call the owner and tell him you're an investor, not a broker. Let him know that you like what you see. Tell him you can have an offer ready in a week if he's interested. If he's not interested, thank him politely and hang up, but send him your card or a letter. Many investors have bought from owners that changed their minds. If there is some interest, explain that you are an investor, so your offer will have to be based on your return on investment. This means you'll need to see the books. Specifically, you'll need to see the rent roll, listing the units and what they rent for, plus current occupancy, and operating expenses for the last year. Have a confidentiallity agreement ready before you call. Let the owner know that you'll sign it and deliver it to him before you see the books. He may not want to let the tenants know he's thinking of selling, so inspecting the units may have to wait until you make an offer. Just make an acceptable inspection a contingency in the offer. Why is buy investment properties this way? No competition and no sales commission means you may get a better price. Also, instead of waiting for that perfect property to be listed for sale, you just find it now. Why wait until it's for sale before buying real estate? Steve Gillman has invested real estate for years. See a photo of a beautiful house he and his wife bought for $17,500 on his home page, or go straight to the section on Investing In Real Estate: http://www.HousesUnderFiftyThousand.com
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Colorado Real Estate Developer Introduces Mountain Estates Luxury Homes
KST Construction, a Colorado-based real estate developer, announces Mountain Estates branded homes for sale in The Fairways at Pole Creek, a premier mountain community built around an award-winning golf course in Fraser Valley near Winter Park, CO. Mountain Estates offers buyers luxury custom homes on two-acre sites with a menu of convenient floor plan options, elevations, amenities, and golf or mountain views.
Sacramento Luxury Homes & Real Estate
In order to increase sales and answer questions it is a good idea for Sacramento Luxury Real Estate agents to know the general history of a state or city. And of course, to best understand Sacramento, we must begin with California itself.
Tri City Association of REALTORS to Host Luxury Homes Designation Program in Kennewick, WA
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on January 16 and 17, 2008 at the Tri City Association of REALTORS office; located at 7151 W. Clearwater, Kennewick, WA 99336.
Kitsap County Association of REALTORS® to Host Luxury Homes Designation Program
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on February 12 and 13, 2008 at the association's office located at 3689 NW. Munson St., Silverdale, WA 98383.
East Metro Association of REALTORS to Host Luxury Homes Designation Program
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on March 17 and 18, 2008 at the Four Points Sheraton 1919 NE. 181St, Portland, OR 97230.
Visiting the South's Best Luxury Homes
Explore the exquisite interiors of some of the south's best second home, luxury, resort and retirement communities' most elegant homes from Asheville to Wilmington, Williamsburg to Tampa Bay. See spacious modern kitchens, bathrooms complete with mosaic tiles and garden tubs, Charlestonian porches, masterful mountain retreats and more.
Short Sales of Luxury Homes, Even at DC's Famous Ritz Carlton
Short Sales occur in all neighborhoods. You can find them for under $100,000 to well over $5,000,000. Even the famous Ritz Carlton in Washington DC has experienced Shorts sales. Homes from Bethesda MD, Potomac MD and high end communities throughout the Washington DC Metro area are experiencing short sales and foreclosures.
US Congress Goof Leads to Free Tickets For Mediterranean Luxury Homes Raffle
A loophole in the recently passed Internet Gaming Law means that people can get free tickets in a $6.5 million raffle of vacation homes on Mallorca in Spain, Europe's leading holiday destination. No catches, no taxes, no small print, and ten winners will get a key and a deed to properties worth up to $675,000 each.
Indigo Ridge at Lake Powell to Bring Luxury Homes to Tourist Destination
Construction on Indigo Ridge at Lake Powell, a beautifully-designed master-planned residential community being built on the edge of Lake Powell, has commenced with model homes planned for this summer. Indigo Ridge at Lake Powell is a master-planned residential community overlooking Lake Powell on the border between Utah and Arizona. The development includes town homes and custom homes ranging from 1,400 to more than 3,000 square feet built in a contemporary Southwest, village-like setting.
Tacoma-Pierce County Associations of REALTORS to Host Luxury Homes Designation Program
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on March 4 & 5, 2008 at the Tacoma-Pierce County Association of REALTORS 2550 S. Yakima Ave, Suite C. Tacoma, WA 98405.
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