Are You A New Real Estate Investor?

Are you considering a investing in real estate? If yes, then here are are few things to consider?

1. When you purchase your new investment property, do you have the money or an investment loan to make the necessary changes to rent or flip?

2. Do you know and/or understand the neighborhood you are buying in?

3. Have you done your research? Is there a rental market?

4. What are your long term goals for investing? Ie; Flip, rent, how many homes per year…

5. What are the demographics?

6. Is the home in a flood plain?

7. Does the city require an inspection? If so, if the city repairs are required will you have the money for a possible escrow account.

8. Is the city considered to be stable or depressed?

If you are not sure of most of these questions, do some research before you begin shopping for the investment property.

Are You A New Real Estate Investor?

Are you considering a investing in real estate? If yes, then here are are few things to consider?

1. When you purchase your new investment property, do you have the money or an investment loan to make the necessary changes to rent or flip?

2. Do you know and/or understand the neighborhood you are buying in?

3. Have you done your research? Is there a rental market?

4. What are your long term goals of investing?

5. What are the demographics?

6. Is the home in a flood plain?

7. Does the city require an inspection? If so, if city repairs are required will you have the money for escrow if the city requires it.

8. Is the city considered to be stable or depressed?

If you are not sure of most of these questions, do some research before you begin shopping for the investment property.

Low Real Estate Inventory Frustrate Home Buyers

Check out this great article from Realtor Magazine.  Buyers are finding out the hard way when waiting to write an offer on a home.  If you like the home don’t hestitate.  Write the offer.  Maybe, consider writing the offer at the home you want to purchase.  Buyers are typically in multiple offer situations.  When a house comes on the market try to see it the same day.  “If you snooze you’ll lose.”

If you’re considering selling your home, now is a great time to sell.  With low real estate inventory your home could bring a quick offer.    Tip, make sure your home is ready for the market and is in great condition.  That will help sell the home and bring better offers.

Click to read the entire article from Realtor Magazine.  http://realtormag.realtor.org/daily-news/2012/10/02/home-buyers-grow-frustrated-low-inventories?om_rid=AAEmw7&om_mid=_BQay8nB8uY0KBX&om_ntype=RMODaily

Having A Great Neighbor Can Help You Sell Your Home

Having A Great Neighbor Can Help You Sell Your Home.  Your neighbors can be your greatest asset when selling a home.  Things to consider after you buy a home.

1. Get to know the neighbors.  Yes, even the ones that aren’t the friendliest.  Always keep a friendly attitude.

2. Keep your lawn manicured.

3. Be considerate of the cars in your driveway.  If you have a garage use it.

4. Always put your kids outdoor toys away.

5. Clean up the puppy poop and the poop in your back yard.

These are just a few suggestions when you purchase a home.

What are the benefits of being a great neighbor?

1. Neighbors will keep their lawns manicured so you can sell your home.

2. They won’t do strange things when buyers are viewing your home.

3. If a potential buyer asks the neighbor a question, and they will, you don’t have to worry about what they’ll say.

4. If you relocate to a new place the neighbors will watch your home.

Here are a few real situations where I found that neighbors can help or hinder your home sale.

The Bad Neighbor – I was recently showing homes.  Our last showing was a vacant bank owned home.  As I accessed the lockbox to obtain the key, the next door neighbor came to the door, open the door, stark naked andpicked up his newspaper (I think). We are sure his was naked. How strange is that.  He had to know we were outside.  This was a townhome subdivision and the front doors and windows were extremely close.  This dude may not have wanted my buyers as neighbors.

The Perfect Neighbor – After getting all of the listing paperwork signed for an upcoming listing, my seller and I had a brief discussion about her neighbors.  She told me that her neighbors hated that she was selling.  They didn’t want her to move. One even offer to pay her mortgage.  How cool is that.  She wasn’t even in a distressed situation.  While outside one day she mentioned to another neighbor that her home would be on the market and that they might see people coming in and out of the house.  This neighbor told my client that she was so glad she mentioned that she was selling.  The neighbor then took a weekend and cleaned up her lawn, pulled weeds, and trimmed bushes.  Now that’s the “Perfect Neighbor”.

Remember to take time to know your neighbors.  They may be important in assisting in the sale of your home.

After the Storm

On July 1, 2012 many areas of Northern Illinois were hit hard by a massive rain storm.  Winds reached over 70 miles and hour causing downed power lines and trees.  What’s amazing is how quickly areas recover.  With the latest technology and equipment areas like West Chicago had power with in a few days and many of the down trees were removed in less than a week.  The City did a great job of bringing in the necessary equipment and companies to get the job down quickly.  Very little evidence of the storm.

Well done West Chicago.  Now back to business.  Even though we are all cleaned up for many it’s hard to forget.   Makes you really take a moment to charish the little things.  Enjoy every moment of each day!

3 weeks after the storm.

What’s Holding You Back

What’s holding you back? Not sure where to begin, no down payment, afraid of the responsibility, I lost a home to foreclosure, I have a prior bankruptcy. Whatever the reason don’t let it hold you back from owning a home.

If you’re not sure where to begin I’ll be glad to provide the steps to owning a home. Many people think they can’t own a home because they don’t have a down payment. This can be easily overcome with a simple savings plan or with the use of the downpayment programs. Many don’t want to take care of the maintenance of a home. If that’s you, consider a condominium or a town home with an association that takes care of the maintenance for you. Yes, there’s an additional fee.

Now if you are someone that lost a home to foreclosure or have a dismissed bankruptcy you can also own again or own a home. You may need to wait at least 3 years and make sure you are paying your bills on time. Also consider opening a few secure credit lines to rebuild your credit.

Whatever is holding you back you don’t have to be afraid of it. Contact me today and I’ll help you with a realistic plan to help you get on the road to home ownership. Click the Illinois homes link and send your contact information today. I look forward to making your dream come true.

http://bit.ly/illinoishomes

To find out if you may qualify for a down payment program click now
http://www.workforce-resource.com/eligibility/consumer?w=CustomerPMT&property_code=CARRIE_BEY

Www.carriebey.com

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