1. Knowing your buyer- that you're trying to sell this home? Owner occupant who has a mortgage pre approval "to" type of buyer? Don't limit yourself You may want to consider the extra income that you can do with buyers of type "B" or "C", keeping the mortgage of 1 or 2. How about investors s others who want more properties in your portfolio.
2. sales prices- I have held the property for a long or short, your business is to know the market. If it was a recent purchase rehabilitation, who made a CMA to determine the value upon completion. A house you performed for in your portfolio, you need to do a CMA (comparable market analysis) to determine its sale price.
3. Advertising/Marketing- short Journal and point 4 to 5 lines with 800 # with pre recorded message announce every day as for sale by owner, handouts for all local neighbors in cars in large parking lots and everyone in your group of rima where you are a member include the 800 #, signs 24 "x 24" size minimum professional made for sale by owner called pre recorded message 800 #.
4. real estate agents- cooperate with real estate agents you may pay 2% to 3% If the deal there is take it. Some costs are saved in a faster sale. If you're not going to follow through with selling yourself, list with a professional realtor that has various marketing strategies and internet savvy do it quickly, don't waste time playing as a FSBO.
5. Buyer access to home- safe at the front door with key. With 800 # buyer name information sheets, Add number, ress (confirm on the internet), you return the call with the minimum qualification not purge the buyer with many questions give them the combination to the safe. Ask them to return the key for the box and call the 800 # to confirm that they left home.
6. qualification and mortgage programs- in the House has a descriptive brochure with all relevant information of the property also has a short form of mortgage application to populate and return to you or your mortgage company and faxed a form listing of various mortgage programs available for this property with the price of ask prepared by mortgage representative. This document goes along way to close the deal without chasing buyers around to fill out forms. Remember to include information about owner financing 1 and 2nd mortgages that could help you save your business or just doing business.
7. monitor and close the deal- you have a buyer now close the deal. Act as a third uninterested not caught in entire minutiae. You're trying to sell this property forget about all the work you actually forget the midnight calls for repairs only close the deal. Have all signed documents can be best to have documents signed in the Office lawyer its for a more professional face to the buyer.
You can sell investment property-if you're like the normal FSBO (for sale by owner) you'll work hard to make this close. It can be worth thousands of dollars extra for you when it's all said and done.
Bill Carey a broker/investor/constructor. His more than 30 years of experience in selling real estate, investment and construction offers a unique perspective to the processes of investment-grade Real Estate. Bill and his family own resort rental and hold a number of rental properties of off-Campus students in the southern States. This began when our eldest went to school at the University of South Carolina in Columbia, SC. The family of Carey continues to buy and successfully rents student car rental properties
How to save $ 50000 plus in your college education Childs. 9 steps to in-state tuition. Student Rental Real money makers. Check out the 10 part e-course on "how to buy your student rental property"
Contact Bill Info@CollegeTowneProperties.com by email or visit our website http://www.CollegeTowneProperties.com
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