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Tag: market value

Proven steps to buying a house

Proven steps to buying a house

Home & Garden
Getting ready to purchase a new home is exciting, but also stressful and nerve-wracking. Many people simply don't know where to begin or how to proceed through the steps of buying a home. Using a house hunting checklist like the one below can make the process easier. How to Buy a House Step #1: Get a Realtor It's possible to buy a home without a real estate agent, but average people without experience in real estate or legal fields will need the assistance of a good realtor. A real estate agent can get appointments to see homes, help buyers make offers and negotiate house prices, and communicate with the seller. Particularly if a person is buying a home on a tight schedule while on a house hunting trip, a real estate agent comes in handy. Buying a New Home Step #2: See Houses It...
Tips to purchase flip property below market value

Tips to purchase flip property below market value

Business
No matter how many properties an investor buys and flips, each will be met with a new and unique set of challenges and problems. No two houses will offer the same overall experience and no two budgets or timelines will be the same. However, there is one absolute in every single real estate investment. No matter what part of the country, middle-class neighborhood or upscale community; a cosmetic flip or a total rehab there is one skill that every house flipper must master - the art of buying low. In real estate investing, money is made or lost the moment the property is purchased, and not when it is fixed up or renovated. Experienced flippers expect to obtain a property for 25-40% below retail value. The closer to the 40% mark, the more ‘budget cushion’ in the project in case of unfo...