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Real Estate Investments
from:We have all heard how investing in real estate can make us a lot of money in a short amount of time, however there is more to it than meets the eye. Simply purchasing a property to resell or rent to tenants is not the end of the story. Smart real estate investors look for properties that are below market value. A good way to find these is to look at foreclosures. Some homes that have been foreclosed on will be ready to rent or resell at a profit. Other buildings may need renovations or updates in order to sell them. Working with a trusted real estate agent who specializes in foreclosures, knowing what you are investing in ahead of time by carefully looking the property over and making the best deal you can is the best way to come out ahead.
Get a listing of properties that have been foreclosed on
Obtaining and reading a listing of properties that have been foreclosed on before you look at any of the properties that a real estate agent may want to show you can have its advantages. Ideally a listing will have a photo of the property as well as any pertinent information about the property. You will know ahead of time what features and amenities the property has. If you are planning to purchase the property strictly as an investment, these features can be strong selling points. Other pertinent information will include the asking price, which usually can be negotiated even on a property that has been foreclosed on. Most banks, credit unions and mortgage companies want to get rid of these properties as quickly as possible. The lot features such as lot size, sewer and utilities should be listed as well as building interior and exterior features. If appliances are going to stay they will be listed as well. Homes that have been foreclosed on will not have a tenant or homeowner there so the real estate listing will be your main source of information. This also generally means possession after closing is immediate so there is no wait for the current tenants to move out. This is the best way to make a quick turn around on your investment.
Viewing the properties
Once you have narrowed the list down by looking through the listings you obtained then contact a realtor that specializes in the type of properties you are seeking if you do not already have a realtor you work with. If you want to look strictly at properties that have been foreclosed on seek a realtor that knows about selling this type of property. Take the real estate listing with you so you can jot notes down about each property as you go. If you wait until you get home, pertinent information may be forgotten. Ask the realtor to find out the possible selling price of the home if it were put back on the market immediately. Find out what properties in that area rent for if that is your goal. Most real estate agents know this information and will be more than happy to help you.
Real Estate Contract News
OPUBCO real estate under contract - NewsOK.com
OPUBCO real estate under contract NewsOK.com Gary Pierson, President and CEO of The Oklahoma Publishing Company, and Trent Moore, President of American Fidelity Property Company, announced that they have entered into a contract for the sale of OPUBCO's real estate and office buildings located ... |
Former Hynix plant to be sold - The Register-Guard
Former Hynix plant to be sold The Register-Guard By Ilene Aleshire and Sherri Buri McDonald A Seattle real estate investment firm has signed a contract to buy the former Hynix plant in west Eugene for an undisclosed price. A Seattle real estate investment firm has signed a contract to buy the former ... |
Harrison Street Real Estate Capital and The Engel Burman Group Ink Agreement ... - MarketWatch (press release)
Harrison Street Real Estate Capital and The Engel Burman Group Ink Agreement ... MarketWatch (press release) This community is approaching stabilization and will be part of the joint venture with Harrison Street Real Estate Capital. In addition, Engel Burman is currently constructing three additional communities, two in Westchester, NY and one in Bergen ... |
Pöyry awarded mill site engineering contract by UPM - Reuters
Pöyry awarded mill site engineering contract by UPM Reuters Our in-depth expertise extends to the fields of energy, industry, transportation, water, environment and real estate. Pöyry has about 7000 experts and a local office network in about 50 countries. Pöyry's net sales in 2011 were EUR 796 million and the ... |
How to prevent an email exchange from inadvertently becoming a binding contract - Daily Journal of Commerce
 Daily Journal of Commerce | How to prevent an email exchange from inadvertently becoming a binding contract Daily Journal of Commerce What many of these people do not appreciate is that an informal email exchange can satisfy these legal requirements and collectively constitute a legally binding real estate contract. The printed name of the seller at the end of an email message will ... |