I came across this post on Active Rain today. It can provide some insight for a first time home-buyer, a seasoned investor, and anyone else that is looking to buy or sell Real Estate. Enjoy!
Via Sharon Sigman (Weichert Realtors Sharon Sigman Five Star ):
1. According to David Hicks, HomeVestors of America, “Ugly mean several of things.” Ugly indicates a house with serious repairs. Some houses that may have been very attractive in day though by current standards it requires an update. There are also scenes such as homes that require to be purchased quickly because of divorce and death.
2. Anyone can send a piece of foreclosure list. However properties that have been in the family for almost 30 or 40 years, or have been inherited and requires updating are not going to be on the foreclosure lists. Brand marketing and a national reputation are the step to create quality leads for purchasing the following investment properties.3. There’s always a place for purchasing ugly houses. Even though were in the national or even local real estate cycle, ample of supply of ugly homes to buy.4. There are markets for purchasing ugly homes that was already repaired and now are gorgeous homes. There are always first-time buyers searching to buy entry-level homes,
particularly in 100% move-in condition.5. Word-of-mouth marketing is the best messenger for making leads. Once you show respect to people, and always say everything you will do, people want to tell others about you.
6. Generating a track record as a moral buyer and seller creates all the difference in changing leads into customers. An elderly couple to the family being transported to another area requires dealing with professional homebuyer they can trust, who will execute as promised and show them with respect. By sustaining standards of ethical practice, we aid guarantee that our customers are contented and that we obtain continual referrals.
7. The community will definitely adore you when you repair an ugly house. Everyone will be happy once an ugly-duckling property on the block becomes a swan – it adds up value also beauty to the whole community.8. There is constantly a learning curve for new investors. Obstacles to entering the buying market are low, though the best investor triumph come with a training program, continuous education and day by day support from an experienced coach so you don’t create errors where beginning investor often create.
Braden Halter
EXIT Advantage Realty
Fairfax, VA
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