Real Estate, Marketing For Expired Listings

images (5)If you’re a realtor and looking to get listings, about the best thing to do, is to work on expired listings. Homeowners whose listings had expired from the multiple listing service, are a rich source of opportunity for getting new listings. The best thing to do is to set up a marketing plan that targets “expired listings”.

Here’s how! Start a marketing plan to get an appointment. There were a few ways of doing this. Let’s start by exploring two ways. To begin your marketing for expired listings, write an article about expired listings. Talk about homes that didn’t sell and the problems they encountered.

Have your article published in a local newspaper even if you have to pay to do it. Once that’s done, you can go to the second step. Start your next step by sending out a series of letters designed expressly for expired listings. Include a copy of the article in your expired listing letter mailing.

Top Items To Be Aware Of Before You Buy A Home

Home sellers don’t always give you the full details of the property they are trying to sell. Although a professional inspector would pick up on any problem, it is expensive to hire one for each viewing. Thus, here are a few things that you can spot yourself, telling you to avoid the purchase.

Firstly, always look at the neighborhood. Are people seemingly leaving in a mass exodus? Ask people who live in the area whether it is a good place to live. Look at the land as well. If you notice that the yard is on a downwards slope towards the property, the foundations could be affected by rain water. Use your nose: bad smells in or out the property are a bad sign. Bugs and insects are a bad sign as well. Ask community members of this, as everybody always knows when someone else has pests.

Secondly, you need to know whether the property you are buying is a regular sale, a short sale or a foreclosure sale. Indeed, these properties tend to be the cheapest, but that is because they often require a lot of work or because the entire neighborhood is declining.

After all is said and done, only you can truly decide whether or not you want to purchase a home. Nevertheless, due diligence should always be exerted. You should never purchase a property that you didn’t have reviewed by a professional inspector. If you do find a property has significant issues, you have the option to simply walk away, or you can try to have the price decreased to compensate for this. Do be careful with this, however, as you don’t want to end up purchasing a money pit.

Major Factors To Consider Before Home Buying

We all know that interest rates are still incredibly low. And yes, the prices of houses are still low enough to be very interesting. However, this does not mean that any home you come across would make a good investment. Yes, we are currently in a buyer’s market. However, don’t buy without exerting due diligence. There are various red flags that will tell you not to buy a property. Sometimes, this means that you need to fix a problem, but at other times it means that you shouldn’t buy. There are two factors in particular to be aware of.

First and foremost, check the neighborhood. This is of absolute vital importance. Is it a growing community, or is it in decline? Seeing a lot of homes in foreclosure and boarded up businesses is a sure sign of trouble. Experts say that it is best to visit the same neighborhood at different times and on different days. In doing so, you will also become aware of traffic. Don’t forget to schedule one evening visit, to see whether there is nuisance on the streets at night. Additionally, make sure the police provide you with a crime report on the area.

Secondly, you need to know whether the property you are buying is a regular sale, a short sale or a foreclosure sale. Indeed, these properties tend to be the cheapest, but that is because they often require a lot of work or because the entire neighborhood is declining.

The reality is that you are the only one who can decide whether or not to buy a property. Additionally, if you find that there are certain problems, you could use this as a negotiating point to drive the price down. On the other hand, if you then have to pay even more money to fix it up, or if you can never sell it again, then it was a waste of money. Homes, whether purchased as an investment or not, are places for people to live in, which means they have to be inhabitable. Naturally, you do also have to look at the property itself, but the importance of looking into the neighborhood cannot be denied either. A property inspector is all you really need in order to look into the condition of the actual property after all. When it comes to the neighborhood, however, you need to have a personal feel, something that cannot be achieved by a check box list.

Warning Signs That You May Not Want To Buy A Particular House

Not all home sellers are completely truthful about the condition of their property. It is unfortunate that if you were to hire a professional inspector for each viewing, it would get incredibly expensive. But don’t worry because a potential buyer like you can do a bit of inspecting yourself and here are indicators showing what house to avoid buying.

First, inspect the neighborhood. Is the number of homes and businesses dwindling? Talk to your potential new neighbors and ask what the area is like. Have a look at how the land is shaped. Foundations could be damaged by rain water if the yard slopes downwards to the property. Use your nose: bad smells in or out the property are a bad sign. Also look for bugs and insects. If there have been bugs or insects, people in the street are likely to know about it, so ask them.

The second important thing is to look into whether the home you are considering is going through foreclosure or is in short sale. Of course, these properties are the cheapest, but they are also often in a bad condition and could be a sign of the community.

The bottom line is that you should never purchase a property without having it professionally inspected. With the information above, you should be able to tell whether or not you might want to hire a professional inspector, or whether it is a clear no on the purchase. If you find that there are indeed serious problems with the property but you don’t want to simply walk away, you could consider asking for a large discount so that you can pay for repa