Why You Should Not Just
Focus On
The Best Real Estate Property Listings?
Looking for your ideal
investment
you should always cast your net as wide as possible. Do not just look
through the glossy pages that claim to have the best
real estate property listings. As a matter of fact I will let you in on
a little secret; do not tell your competitors but those property
listing magazines only contain the most over priced property. Yes there
will be gems too but you need to be vigilant that you do not get caught
up.
You have to maintain your mental composure when you are searching. You know that you cannot be swayed by smooth and glossy sales copy when you are working to secure your future and your family’s future. It involves work and perseverance.
It is very true that the deal of the year comes up every week in real estate.
Please print the above quote and place it on a place where you can see it everyday especially where you will sit and scan through thousands of ugly and not so glossy classifieds for that gem of an investment that could not afford to advertise on the prominent and the well sought after advertising spaces.
Remember that you are looking for people who have very little clue on how to market their house. If they are not investing in the best then the chances are that they are not performing their due diligence. Most of the time it is due to the realtor they are using is far too incompetent or way too busy to sit down and do some proper counselling and research.
You have to be smarter and more in-tune with the neighbourhood
than Joe average. Leave the movies behind; you are not some rich
developer who swoops in to buy up the town with a cheque, yet. Before
you know it you will be that rich developer who does that but for now
please learn everything you can about the true value of most (if not
all) of the properties in the neighbourhood, or you will fall victim to
the most over priced purchase which you cannot immediately sell.
How do you achieve this knowledge? Elementary my dear Watson; you do the leg work!
Have you seen the movies (Devil Wears Prada) or reality shows where the personal assistants of certain rich individuals pull of amazing feats of service? Well you need to work harder and demand more than that from yourself. You need to know without hesitation what a 2 bedroom house and 1 and a half bathrooms with a double garage will rent out for and who is your demographic.
You must not try to sell that kind of house in the middle of a busy town to a family of three or more. They will not buy or rent it out as easily as a newly wed couple who do not wish to start a family. Yes there is the odd one who will try to be different but you must remember we are hitting to win but not trying for the homerun to get us out of tight spots.
If you fail to rent the house you will be facing your bank manager on a bad note.
So let me recap;
You have to maintain your mental composure when you are searching. You know that you cannot be swayed by smooth and glossy sales copy when you are working to secure your future and your family’s future. It involves work and perseverance.
It is very true that the deal of the year comes up every week in real estate.
Please print the above quote and place it on a place where you can see it everyday especially where you will sit and scan through thousands of ugly and not so glossy classifieds for that gem of an investment that could not afford to advertise on the prominent and the well sought after advertising spaces.
Remember that you are looking for people who have very little clue on how to market their house. If they are not investing in the best then the chances are that they are not performing their due diligence. Most of the time it is due to the realtor they are using is far too incompetent or way too busy to sit down and do some proper counselling and research.
You have to be smarter and more in-
How do you achieve this knowledge? Elementary my dear Watson; you do the leg work!
Have you seen the movies (Devil Wears Prada) or reality shows where the personal assistants of certain rich individuals pull of amazing feats of service? Well you need to work harder and demand more than that from yourself. You need to know without hesitation what a 2 bedroom house and 1 and a half bathrooms with a double garage will rent out for and who is your demographic.
You must not try to sell that kind of house in the middle of a busy town to a family of three or more. They will not buy or rent it out as easily as a newly wed couple who do not wish to start a family. Yes there is the odd one who will try to be different but you must remember we are hitting to win but not trying for the homerun to get us out of tight spots.
If you fail to rent the house you will be facing your bank manager on a bad note.
So let me recap;
· Have fun looking, enjoy negotiating.
· You need to search both the worst
and best real estate property listings in the neighbourhood of your
choosing
· The deal of the year comes up every
week, be patient.
· Do not be lazy.
· Work with a goal in mind.
· Leave gloss behind, let the
property make you money and not take it away.
· Be practical and not overly
optimistic.
· Remember; you are
not going to live there, your tenant or
the person you
sell to will live there.
I cannot recommend where you should look for the best investment properties in your chosen area of investment. You need to look carefully and over a hundred to get a good idea what is over priced and what is not. If you want a place to start I suggest looking for the local newspaper classifieds and go to the local shops and ask where the people advertise their homes privately and through a realtor.
