My Blog
rss feed
How to Set Your Cash Flow Goals
Saturday, 15 July 2017, 11:20:00 AM
Tags:,  ,    

Cash flow is a common word mentioned in most real estate investing conversations, and it’s quite important to understand the term. 

If you are a landlord, if you charge a higher rent than your expense, the difference can accumulate some wealth and act as a potential cash cushion to prevent the punches that come with many vacancies or when something odd happens.cash flow

Eventually, something unexpected will occur, and it could just be anything from your property roof requiring repair and so forth. For some people, increasing cash flow is not a significant aspect compared to other investment goals. However, for someone with a passion for investing in real estate, it is important to set your cash flow targets. This guide will share some insights on how to do that.

Consider Your Investment Goals and Tax Implications

Investors who make a lot of money may be looking for losses and tax write-offs to offset earned income. From a taxation point of view, having more income may not help you in certain areas of your life: 

Before your next investment, it is important to seek local area information on aspects such as market trends and regulations. Also, you can ask your financial advisor how much money you can add without increasing your taxes. 

Some investors are focused on long-term capital appreciation and gains. However, the thing is, getting cash flow is not what every real estate investor wants.

 

Ways to Increase Cash Flow

i. Repairs and Improvements

One of the best ways to increase property rent is by making repairs and improvements on the property. If you want to invest in expensive properties with little improvement, it can be difficult. The more expensive the property, the more cash flow you require.

ii. Classic Arbitrage 

This is yet another classic approach: accessing your equity in your property and investing cash in other areas, getting higher returns than your interest rate.

iii. Design a Back-end Product or Service

If you know your original offer to potential customers won’t earn you any profit, look for ways to make higher price aspects on back-end products and services. For example, the first thirty minutes of catering is free, but later the price shoots up.

Or perhaps a lawyer may be inclined to adjust your will at a cheaper cost if she thinks you are a potential client for future consultation services.

iv. Know Your Expenses

Discounting through coupon websites or by yourself can attract new customers. On the other hand, selling your properties at a less than intended price won’t help you achieve a positive cash flow. You should never discount, but if you choose to do so, ensure you understand the costs and impact of your offers and get ready for the fallout. Also, you need to know the total cost basis—the amount you paid for something.

Also, you should be aware of the price you are willing to charge, the profit margin as well as the cost of your offer. Ensure that you are operating at a profit and not a loss.
The above tips are important and will come in handy if you want to improve your cash flow.

 


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Maximizing Your Spring Cleaning Results
Posted on Fri, 30 Jun 2017, 02:55:00 PM  in Home buying tips,  Home selling tips, etc.
Tags:,    

Spring cleaning is one of the country's most esteemed homecare traditions. Every spring, it is a good idea to give the home a quick and simple makeover. Though some people may choose this time to perform some major overhauls on the property, it can be refreshing enough to complete a simple clean and focus on getting the best results. If you are interested in optimizing your spring cleaning, check out some of these quick tips that you can follow to enjoy a newer, fresher home.

 

Start with the Windows

Maximizing Your Spring Cleaning ResultsYou want the view of your windows to be as good on the outside as it is on the inside. Do not neglect to wash both the interior and the exterior of your windows to make sure that you get the cleanest type of sunlight possible as it enters your home. While you are working around your windows, it can be a good idea to take a look at your curtains as well, replacing them entirely or cleaning the surface for a fresher look.

 

Keep Metal Surfaces Polished

Stainless steel and copper are among the most common and popular surfacing options both inside and outside the home. In order for you to optimize the way your property looks, it is important for you to give your surfaces a good polish. Use the appropriate cleaners and avoid anything that may result in unnecessary wear, both in the long-term and short-term of your surfaces. Always consult care guides if you are not certain how to proceed.

 

Fix Up Your Dishwasher

If you have one of these around your house, chances are that it could us a little bit of TLC. These appliances always do their best to make sure that your dishes are kept clean and shiny, so it is never a bad idea to do the same for the dishwasher. Take some of the components apart and perform a deep clean to make sure that there are no unwanted issues inside.

 

Clean the Refrigerator

On the subject of appliances, it is never a bad idea to give your refrigerator a good clean as well. If you have not done so for a long time, it is not uncommon for food debris and clutter to cause harm to structure and appearance of the fridge. Move some food around and make sure that the surfaces are clean before you replace any of the inside components.

 

Replace Your Silverware

During the spring, a lot of families like to replace their silverware or give them a brand new shine. If you have older and more tarnished silverware, it can be a good idea to have them looking like new to dazzle guests and freshen up your drawers. Choose silverware that can last as long as you need it too, especially if you plan on having guests over relatively frequently.

 

Revitalize Wood Floors

Wood flooring systems are renowned for their hardiness and classic, timeless appearance, so it is always a good idea to have them looking clean. Wood floors sometimes need additional cleaning and maintenance because of the material itself. If you are not sure how you should clean your floor, it is a good idea to contact a flooring professional and ask them for their opinion on your surface.

 

Take Care of the Oven

You want to make sure that your oven is as clean as possible as often as possible. The oven will often have burnt pieces of food around the bottom, which can add an unwanted quality to the food that you cook within. Keep it clean to keep your food tasting fresh every time.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Common Mistakes When Buying a House
Posted on Thu, 15 Jun 2017, 02:50:00 PM  in Home buying tips
Tags:,    

Purchasing a home is a process that many people spend the earlier years of their lives waiting for. Even after they are settled into their first homes, they have plans for larger ones or ones in different locations later on. Due to this excitement, you may become overeager and make some errors. One of the best ways to avoid mistakes is to know what they are in the first place.

 

Not Using a Real Estate Agent

Common MistakesChances are that you've made many purchases in your life. Therefore, you may assume that you can easily buy a house without the assistance of a professional. The purchase of a home is much different from other buys because you must go through many steps, and you need to ensure that they are done in the correct order. Also, you are spending a significant amount of money on something that you cannot just go to the store and return if you don't like it. As a result, working with someone who can guide you is wise.

 

Spending All of Your Money

Many people decide to obtain a pre-approval because they seriously get involved in the home-buying process. Once you have your own pre-approval, you will know how much of a house you are permitted to buy. However, that does not mean you should spend that entire sum of money. Consider the fact that you have all of your other bills to account for and that even if you love your new house, you will probably want to go out to explore the neighborhood and what it has to offer. In other words, just because you can afford a certain amount of house on paper does not mean that it is realistically the right decision.

 

Not Practicing to Pay

Before you buy a house, you should get an idea of how much money you will spend each month on all of your new expenses, such as the mortgage, taxes, electricity and so forth. Prior to making a bid on any house, see if you an actually set that amount of money aside without struggling. In the event that you cannot afford to do so, you must reevaluate how much money you want to spend on a house and if you are even ready to make that purchase at all.

 

Disregarding Neighborhood

You may have your sights set on a particular style of house or a particular aesthetic and pay little to no attention to the other factors surrounding the purchase. With the right permits, you can make a number of changes to the structure and interior of a house, but you can never change the neighborhood that it's in. Even if you find the house of your dreams, looking into properties is likely wise when it is in an area with high amounts of crime.

 

Going Too Big

If you are like many people, you are likely enchanted by a prodigious house with all of the trimmings. Remember though that what you want is not always what you need. By purchasing a larger house, many of your bills are going to cost more, and you are going to have more rooms to clean. Of course, with a large family, you may need a large house. On the other hand, when you are purchasing a home for a small family, ask yourself if you really need all of those extra rooms.

Making mistakes when purchasing a house can turn into serious blunders because they are not always so easy to fix. Knowing what errors could arise can help you to have more power in avoiding them.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
10 Of The Best Flowers To Plant When Moving Into Your New Home
Posted on Wed, 31 May 2017, 12:00:00 PM  in Home buying tips,  Home selling tips, etc.
Tags:,  ,  ,    

10 Of The Best Flowers To Plant When Moving Into Your New Home

Planting flowers in Canada can be one of the best ways to break in and personalize your new home. Once you have signed on the dotted line with your sales representative, then you can start planning all of the beautiful flowers that you would like to accentuate your yard with upon moving in.

Do not feel limited by the 10 flowers on this list. There are literally hundreds of flowers that grow in Canada both in the wild and those that can be planted from seed packets or small plants in yards. If you are lucky, you will get a wonderful mix of both.

 

Roses

If you love flowers, then you are likely thrilled that roses bloom very well in most places of Canada. Roses are actually one of the toughest flowers that you can plant in your yard, and they have one of the best scent payoffs for the price it costs to plant them. Roses are a perennial plant that will bloom every year if properly taken care of.

 

Dahlias

10 Of The Best Flowers To Plant When Moving Into Your New HomeDahlias are a beautiful flower that are sure to wow and inspire. These beauties should be dug up in winter and stored indoors to avoid freezing in the cold Canadian winter climate. They can be grown and planted outside again when it warms up in late April and throughout May. If cared for, these flowers will bloom for many years.

 

Foxgloves

Foxgloves are a uniquely designed flower that is sure to draw attention from anyone that sees them. These flowers can be planted in spring as seedlings and will bloom throughout the summer and into fall. They will appear in spring the following year after planted and will hit peak bloom that following summer.

 

Day Lilies

If you are a beginner and want to start planting flowers in Canada than you should plant day lilies. These are very beginner friendly and will grow in a variety of soil conditions. They are easily kept and can withstand missing a day of watering every now and then. The bonus of planting day lilies is that they come in a wide variety of beautiful colors.

 

Poppies

Many flowers grow well in the warmest months in Canada. Poppies are another very hardy flower that grow in early Spring. These flowers can also be grown by simply spreading them anywhere that you like to fill in any awkward gaps. You are sure to love this bold pop of color in the early Spring.

 

Purple Coneflowers

Purple coneflowers have incredibly bright color and are simply stunning to look at. These flowers also help to attract bees and butterflies so they make excellent additions to every garden while simultaneously supporting these dwindling insect populations.

 

Blue Flag Iris

The blue flag iris is actually the official flower of Quebec, and for great reason. These flowers are actually naturally growing wildflowers in Canada that tend to prefer the wetter conditions of wetlands, swamps, and watery meadows in lower Canada. If watered enough, these are also excellent additions to personal gardens.

 

Canadian Columbine

The Canadian columbine flower is another flower that is native to Canada. It was so beautiful that it was was actually one of the first flowers sent back to Europe after European settlers first arrived in Canada. It is one flower that tends to keep away deer if you have a problem with deer eating your gardens. In addition, it will attract Canada’s most unique and beautiful butterflies and hummingbirds.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
5 Types Of Clients That Sales Representatives See Everyday
Posted on Mon, 15 May 2017, 11:50:00 AM  in Home buying tips,  Home selling tips, etc.
Tags:,  ,  ,    

5 Types Of Clients That Sales Representatives See Everyday

Sales representatives work with hundreds of different clients looking to buy and sell homes throughout their career. While there are certainly unique clients that pose questions and circumstances that sales representatives would say they have never seen before, these professionals can lovingly sort the majority of their clients into 5 separate categories.

It is important to know that different sales representatives classify clients informally based on their own unique set of standards and expectations. This is in no way meant to offend individuals or groups.

 

Those That Know Exactly What They Are Looking For

5 Types Of Clients That Sales Representatives See EverydayIt is not uncommon for a potential buyer to meet with a sales representative knowing exactly what they would like a home to have. These lists could outline a few details that would make or break a sale, but more than likely these lists are very long and non-negotiable. Unfortunately, it is not always possible to fill every request that a client may have. This is especially true if the budget is too low to include the homes that have many or all of these requirements.

 

Those That Ask Questions At Every Opportunity

Sales representatives see quite a few new buyers and sellers that are very interested in the process and ask as many questions as they can think of. Professionals generally welcome these questions and answer them to the best of their advantage, but the process significantly slows down for the clients that ask the same question over and over again. There is nothing wrong with wanting to be educated, but clients are advised to be aware that excessive questions could lengthen the buying or selling process.

 

Those That Are Not Proactive During The Buying Or Selling Process

A sales representative is a professional that helps clients to buy and sell homes as they need or want to do so. It is exceptionally frustrating when a client visits a sales representative with the expectation that the representative will take care of everything without any input, direction, or interaction of any sort from the client. In order for a sales representative to do their job efficiently a client must be able to communicate with them often, give input, and sign paperwork periodically. While it may not be the most exciting or joyous time in a person’s life, sales representatives really need all clients to be somewhat proactive in their own buying or selling process.

 

Those That Fall In Love On The Spot

Sales representatives meet quite a few clients looking to buy a house that do not really know exactly what they are looking for or what is available to them in their price range. When presented with a variety of options on paper, in magazines, or online these clients may love everything or may wish to wait to see the home in person. Once the client arrives at their next potential home, they simply fall in love with the home that they are looking at. The problem arises when a buyer falls in love with every home that they visit.

 

Those That Cannot Be Pleased With Any Outcome

There are individuals in Canada that are buying or selling a house because they have no other choice. These individuals would most likely rather just stay where they are. While circumstances vary greatly, these clients never seem pleased. Clients may be offered more money than they were asking for the home, may buy a home for significantly less than it had been listed for, or may have been relieved of fees for one reason or another and still cannot find joy in the situation. It is hard for a sales representative to see clients unhappy which makes this a hard group to represent.

 


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
How To Fix Up Your New Fixer Upper
Posted on Sun, 30 Apr 2017, 01:20:00 PM  in Home buying tips
Tags:,  ,    

It takes a very ambitious person to take a home in disrepair and make it fresh, clean, and new again. If this is exactly what you are, then keep on reading for a few tips and tricks to making your journey just a little bit easier.

 How To Fix Up Your New Fixer Upper

Look At The Foundation First

When you are looking into buying a home to fix up, look at the foundation first. Make sure to ask your sales representative what they know about the house and the condition of this very important structure. A crumbling or cracked foundation may mean that the house cannot actually be saved or used in the way that you would like it to be. Foundations that are in good or great condition can be stabilized and reinforced much more often than those that are in very poor shape.

 

Always Do The Research On Roofing Materials

The majority of houses that are sold and purchased as fixer uppers will need to have the roof replaced or redone. Canadian winters can truly take a toll on the roofs of houses, both fixer uppers and those sold as “ready to live in”. If you are brand new to buying and fixing up houses, then you will quickly realize that the number of choices you have to choose from will be overwhelming. Do your research on the area you live in, the different roofing materials pros and cons, and what you can actually afford to spend on the materials necessary to redo the roof.

 

Keep Your End Goal In Mind

If you are fixing up the house to live in, then you have very little to worry about. You will be fixing the house exactly how you would want it. If you are fixing up the house to sell, then consider what the market is looking for. Does your neighborhood need a house with antique charm, an enclosed porch, and a row of fruit trees? Do the majority of houses on the market have brand new wooden floors and multiple bathrooms? If you know what the market is looking for, then deliver on those desires to the extent of your ability.

 

Consider Completely Replacing The Floors

Most carpets, laminates, and wooden floors in fixer uppers are in total and complete disrepair. These floors are crumbling, moldy, broken, and incredibly dangerous. If these floors have asbestos in them or other dangerous spores and fibers, then they can cause a great deal of harm to anyone that moves into the house. In order to completely eradicate this fear and use this as a marketing strategy, simply replace all of the flooring. If you can afford to replace all of the flooring with real hardwood floors then do so. This will give new owners the option to add carpet or keep the hardwood. If you can only afford to do hardwood in one or two rooms, put this in the kitchen and bathroom. The other rooms can be reasonably carpeted for an affordable price. It is totally reasonable to put carpet in bedrooms and the living room.

 

Take Home Advice

Buying a fixer-upper certainly takes a lot of trust, courage, and ambition. Congratulations on being that person. You are saving a beautiful piece of architecture from crumbling to pieces and being lost in history forever. Hopefully the tips above will help you to make this process as easy as possible with the greatest amount of personal satisfaction.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Choosing A Sales Representative To Meet Your Needs
Posted on Sat, 15 Apr 2017, 01:15:00 PM  in My services
Tags:,  ,    

Are you thinking of buying or selling a house in Canada. It can be a tricky process to go through if you have to do it all on your own. That is why most professionals will recommend that you hire a Sales representative to meet your needs. There are plenty of them around, so do not feel bad about passing a few up if they just don’t feel right to you.

Here are a few things to keep in mind when choosing a sales representative to meet your needs:

 Choosing A Sales Representative To Meet Your Needs

You Have To Trust Them

If you are hiring a sales representative to buy or sell a house for you in today’s market, then it is imperative that you trust them completely. You are literally handing your rights to this person and asking them to make deals that will have a significant impact on you, your family, and anyone else that is involved. If you feel like they are not telling you the truth then you need to move on to an representative that you feel will be completely honest with you. If you feel like your representative just isn’t doing all that they can to help you, then you and your loved ones deserve to move on until you can find a representative that will do just that. You never have to settle for a representative that doesn’t meet your needs and that cannot be trusted. There are plenty out there that will listen to you and earn your trust in all of the ways that you need them to.

 

Don’t Be Afraid To Investigate

You have every right to ask your sales representative about their qualifications, certifications, licenses, and experiences. These professionals should be happy to tell you all about the wonderful things that they have accomplished for families just like yours. Do not be afraid to ask for proof as these representatives should be treating the first meeting or two like an interview. They should have resumes, profiles, and experiences all mapped out for you to view while you are getting to know them. You may also do a bit of research online to find out if they have a valid license that is currently in good standing. You have every right to find out who you will be handing your information to.

 

If You Are Selling, Ask For Their Opinions

If you are selling a house, then you will likely need their opinion on how to do certain things within the house. You are going to want to ask them such things as how much your house is worth, and what you can do to ensure that your house sells quickly. You are going to want to ask them what factors of your house diminish or take away from the price you would like to get for your home. You may even ask what about your house is unique and how to play up the features of your house that you would like to showcase.

 

Ask About Paperwork Upfront

You never want to find yourself in a situation where your sales representative is constantly giving you paperwork to sign that you had no idea existed. A crucial part to getting to know your representative is asking them about paperwork upfront. If these agents are willing to work with you, then they will not be afraid to let you know about all of the signatures that you’re going to have to provide during this process.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
4 Renovations that Could Have the Best Return On Investment
Posted on Fri, 31 Mar 2017, 03:05:00 PM  in Home selling tips
Tags:,  ,    

 Remodeling may seem like a lot of work and wasted money, but it could actually earn you money in the long-term. The renovations not only make the home better for you to live in now, but the changes could look very attractive to buyers if you decide to sell your home in the near future. Here are some of the home improvements that could provide a good return on investment.

 4 Renovations that Could Have the Best Return On Investment

New Siding

Replacing the old siding of your home with new vinyl is an improvement that will be well worth the costs. Many homeowners get back a significant percentage of their money on this type of renovation when it’s time to sell the property. Adding the new vinyl to your home will increase its curb appeal and attract more buyers. Most homeowners do not think about replacing old siding unless it is damaged. Other sellers will clean it with a power washer. Keep in mind that this is a recognizable feature that should be upgraded when you have the time and money. When replacing the siding, take your time to choose the best color. White can show dirt more easily; taupe is a popular color amongst homeowners.

 

Install a New Garage Door

Although a lot of people may be accustomed to using the front door or other entrances, most homeowners will want to utilize the garage. Upgrading this feature is one of the highest returns on investment that homeowners can make. You should think of the garage as part of the face of a home; it is one of the first things that potential buyers will see, and it is something that they will take a further look at once they walk through the property. This means the “face” of the garage should look nice, and the garage should be in good working condition. Some of the current trends include garage doors with windows or carriage-style doors. Facsimiles and natural wood are popular amongst new buyers.

 

New Floors

Wood floors are becoming more popular amongst young buyers, in comparison to carpeted floors. Therefore, installing wood floors is a great selling feature that could recoup almost all of its cost. Oak is one of the most popular wood floors that sellers should install. It is best to use hardwood floors instead of engineered products because those products typically contain formaldehyde. You want to choose high-quality floors that will last longer and remain in great condition, despite normal wear and tear. Wood floors are easier to maintain, which is why homes with these floors sell better than homes that have carpeted floors. Young homeowners do not want the task of constantly having the floors professionally cleaned or pulled up and replaced, which is necessary with carpet flooring.

 

A New Roof

This is one of the top home improvements that could recoup its costs in the long-term. In fact, installing a new roof could actually earn homeowners more money than they spend on the renovation. Although a new roof does not lead buyers to choose a house, it could be the reason that they decline on the property. The fact is that most buyers do not know if a roof is in good condition or not. However, almost all buyers will have an inspection done prior to making an offer. The roof would need to pass the inspection, and if it doesn’t, the buyer could decline on the property or negotiate a significant drop in the asking price.

When you are ready to make some improvements to your home, consider these upgrades. The changes will not only make your home look better, it will attract potential buyers in the future, offering a great return on investment.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Questions to Ask When Selling Your First Canadian Dream Home
Posted on Wed, 15 Mar 2017, 03:10:00 PM  in Home selling tips
Tags:,  ,    

Congratulations on selling your first Canadian home. It is hard to let go of the first home that you have lived in. There are memories in the walls, under the floors, in the backyard, and in the kitchen. You have planted flowers with your mom in the garden and cooked cookies for your school functions in the the oven. You have a lot that you are going to miss and that is perfectly okay. We are here to ensure that the process goes as smoothly for you as it possibly can.

 Questions to Ask When Selling Your First Canadian Dream Home

Let Go Of The Things You Can’t Control

There is a reason you are selling your first Canadian home. You may have a new job, for example. Maybe you have a loved one across the country that you need to help. Maybe you just want to travel. Whatever the reason is, you’re going to have to comes to terms with the fact that you are in fact selling your home. It is okay. This process is indeed hard.

 

Questions To Ask The Real Estate Agent

You will have many questions to ask the real estate agent because you are new to this business of selling your home. You have never gone through the motions, especially with the emotions you likely have toward your house. So below you will find a list of questions you should consider asking your real estate agent upon putting your house up for sale.

 

How Much Do You Think My House Is Worth?

Never assume that you know exactly how much your house is worth. It could be worth millions if you live in a mansion by the sea with an excellent view from all 14 bedrooms, but your first house probably is not that mansion. YOu should ask your real estate agent what they think your home is worth. They have seen multiple homes in the area and have sold houses competitively because their livelihood depends on it. They will know what your house is worth and what it will sell for. They will also recommend that you be flexible in the likelihood that a buyer would like to counter your offer. Flexibility is key to selling your home quickly and efficiently.

 

What Are Your Qualifications?

Never be afraid to ask what a real estate agent’s qualifications are. They are trained to be open and honest about this information because it means either the sale of a home or the chance that it sits for a year or longer. You will be able to find this information online as well as in person. If this individual does not want to share this information with you then simply move on. There are a thousand and more agents that would love to represent you, and they will have qualifications that they wouldn’t mind sharing. Honesty is always the best policy when engaging with an agent.

 

Are You Flexible?

Find an agent that will be flexible with you in just about every way that you could ask for. Ask them if they are willing to meet you at a mutually beneficial time instead of only the times that they proposed if they do not work for you. Ask them if they will be flexible with the fees that they have as well. Any agent that wants to see you succeed will know that you have to be flexible and will want to meet you halfway. If they aren’t flexible, step away and find a new agent.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Tips for Flipping a House
Posted on Tue, 28 Feb 2017, 10:10:00 AM  in Home selling tips
Tags:,  ,    

House flipping can be one of the best ways for you to make an advantageous purchase and sell it for a large profit in the future. Like many other investments, however, it is important for individuals to plan ahead accordingly and work with local market conditions to get the most out of their next big sale. If you are interested in pursuing a career in house flipping, it is strongly recommended for you to follow some of these tips and see what a difference they can make in your career. The tips can be particularly helpful for those just entering the industry.

 Tips for Flipping a House

Always Stick to a Budget

One of the most important things that all home flippers should remember is the meaning of ARV. The term stands for After Repair Value, and it is identified as the amount of money that the property is going to sell for after it has been repaired and dressed up. One of the most important rules of thumb to remember is to never be in the process of repairing the property for more than 70 percent of the home's ARV. Calculations needs to be made carefully and accurately to make sure that you can maximize your profits without having to worry about potential pricing issues in the future.

 

Know the Local Market

Another important thing to remember is that each housing market is different. What one home may go for in one state or region may drastically change in another. Knowing what to expect can allow you to prepare accordingly and invest in the appropriate tools to get the job done. If there is a niche for the property, it is a good idea to learn more about it and determine how you can benefit in the future. Always try to stay one step ahead of the curve in terms of market prices and trends, and try to know what factors can make a deal better.

 

Know the Buyers

In addition to learning as much as you can about the market, it is crucial for you to learn as much as you can about the buyers as well. Once the numbers have been figured out, it becomes a matching game for potential shoppers. Not all home buyers are the same, but knowing what to expect along different price ranges can be just what you need to prepare yourself for open houses and staging days. Learn as much as you can about the audience and try to think about the local neighborhood in terms of amenity advantages.

 

Show Your Work Off

Be proud of the work that you put into the property. You had to work through all types of issues to make that unique property stand out on its own. When it is time to set up a showing day or prepare the staging for the sale itself, it is important for you to make it look like you take pride in the work that you do. Not only is this a necessary strategy to draw attention, but it can also be one of the best ways for you to build your personal credibility.

 

Do Not Get Greedy

Try your hardest to avoid overvaluing the home as well. Speak with your customers and try to get a feel for the market as best as you can before you make the final adjustments to the price. Though every market is different, there are always trends to watch out for that can help define the work that you do. When in doubt, consult with other agents and see what they may think about the property's final value.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
adminlistingsprivacy policycontactsite map
RE/MAX Metro - City Realty, independently owned & operated
MLS®, REALTOR® and the associated logos are trademarks of The Canadian Real Estate Association
Copyright © 2002-2017. All rights reserved.
Real Estate Website Design by Lone Wolf Technologies.
Lone Wolf Technologies