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flipped home
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Buying a Flipped Home

flipped homeEach home proprietor needs the best arrangement when they at long last choose to offer their home. It’s each homeowner’s fantasy to see an offering war follow. Shockingly, most homeowners wind up settling for normal or even beneath normal offers as indicated by most real estate specialists. What most home venders neglect to perceive is; getting an awesome arrangement doesn’t involve luckiness, timing or even area. It has more to do with being furnished with the right information concerning the brain research of a home purchaser and showcasing the quality to your home. How about we get directly into it and talk about the key to offering your home for more than the asking cost.

1. Request less to get more

This is by a wide margin one of the best-kept mysteries of offering a home for more than the asking cost. In spite of the fact that this methodology gives off an impression of being counterproductive at first look, it works ponders by making the vital consideration required to make a wild offering war. It’s significant that offering wars are made when there are different willing purchasers and to get numerous ready purchasers, the cost must be extremely appealing i.e. lower than the going business sector rate. When you value your home lower than the business sector rate (preferably, 5-10% lower), you will undoubtedly pull in more purchasers who will offer better offers to outbid other intrigued purchasers. You are will undoubtedly get incredible offers since potential purchasers will realize the genuine estimation of your home when they see it.

2. Try not to acknowledge the principal offer

This is another best kept mystery for offering a home for more than the asking cost. It doesn’t make a difference how great the main offer is, you ought to sit back and watch what different offers come your direction. At last you need to have the capacity to develop wild rivalry between intrigued purchasers, which will at last build your home’s last cost. An intrigued purchaser is continually ready to offer more within the sight of rivalry.

3. Approach financial specialists

Financial specialists may not be the primary individuals you think off when you need to offer your home, be that as it may, they are extraordinary in light of the fact that they are constantly prepared to go up against great arrangements and they likewise give the genuinely necessary motivating force to compel standard home purchasers to part with some more money. This system is incredible particularly on the off chance that you have a home with an awesome venture potential i.e. a home that can be effortlessly renovated to offer more rental space/bring a higher cost. Search for offers from financial specialists just to inspire customary home purchasers to offer more than the asking cost.

4. Make your home emerge

You additionally need to make your home emerge for you to get more than the asking cost. You need to do all the essential redesigns to make your home great. It is, be that as it may, essential to put resources into remodels that increase the value of your home instead of consuming your benefit. Case of remodels that will expand your home’s estimation incorporate; repainting, finishing, rooftop, loft and storm cellar redesigns. Such redesigns support the estimation of homes by roughly 10% or more and additionally make homes emerge. To cut expense without bargaining the result, you can think about doing as some remodels yourself i.e. repainting and finishing.

5. Highlight what makes your home celestial/emerge from comparable homes

Each home has a key offering point that may not as a matter of course be identified with the elements. It could be anything really from some additional patio nursery space to an uncommon tree animal groups in the lawn or an acclaimed occupant who once lived in the house. You have to discover the most one of a kind parts of your home and highlight them to potential purchasers to make them agreeable about offering more than the asking cost. You shouldn’t make due with the normal approaching cost for homes like yours. Locate the most exceptional components of you home and highlight them.

The above data highlights the top mysteries to offering a home for more than the asking cost. You don’t get the best arrangement for your home in light of sheer good fortune, the area or offering your home at the ideal time. It’s more about understanding what makes a potential home purchaser consider paying more. Making offering wars is an awesome method for getting more than the asking cost. You ought to likewise concentrate on making your home remarkable and in addition highlighting your home’s uniqueness.

150 150 Relevé Real Estate

Land O’ Lakes Foreclosures

 

Land O’ Lakes Foreclosures

Land O' Lakes ForeclosuresWhen you have record numbers of foreclosures like the United States has had over the last few years, you get record numbers of renters.

The most amount of people in history have been losing their homes to foreclosure when this happens the person:

A. Doesn’t have a place to live

B. Has bad credit

C. Can’t qualify for another mortgage

So where do these people go?  Some may have to move in with family, but the majority will be looking for a place to rent.

This means that there are currently a record number of people that are interested in renting a property.  This is good news for our property management company since it makes finding tenants very easy.

In some recent cases, we have had people bidding up properties over the advertised rental price.  Once properties are rented, we continue to get tons of phone calls and emails from people trying to find a place or see if we have anything similar.

Owners who can capitalize on this opportunity can increase their cashflow and limit vacancies on their properties.

For expert property management in Land O’ Lakes, Florida, contact Relevé Real Estate and Property Management.

150 150 Relevé Real Estate

Wholesale Properties Land O’ Lakes

 

Wholesale Properties Land O’ Lakes

Wholesale Properties Land O' Lakes

There is always a good time to buy, as long as you buy right and have an exit strategy.

There is always opportunity in the real estate market, but in the current dynamic market it takes more savvy to create a profit.

From an investment standpoint, the biggest returns are no longer in higher priced homes which could leverage high appreciation.  Wholesale, ‘cheap’ homes, improved and then flipped or resold for a high percentage profit are the best way to create a gain.

Currently specializing in wholesale properties throughout Pasco County, Florida.  Relevé is finding deals and getting investors into properties to produce cash flow or high percentage returns on investment.

Finding Wholesale Properties Land O’ Lakes and then having effective property management is the key to success

We manage your investment in Lutz, Land O’ Lakes and Tampa, Florida.  Relevé Real Estate.

150 150 Relevé Real Estate

If Land O’ Lakes Mortgage Rates Went Up

 

Land O' Lakes Mortgage Rates

Land O’ Lakes Mortgage Rates

If mortgage rates went up, the dollar would be worth more.  The money would be more expensive to borrow, therefore, more scarce and valuable.  You would have more purchasing power with the money you already have and earn a higher return on savings.  Banks would have more money to lend because they could entice customers with high CD, IRA and savings rates.  The higher rates would curb inflation, causing the price of everything to go down, including real estate.

Higher mortgage rates will further depreciate America’s housing market. If you are selling a home for$100k and the average mortgage rate is 5%, the buyer’s payment on a 30 year fixed mortgage is $536 per month.  If the mortgage rate went up to 8%, how much of an offer could the buyer make and still keep their monthly payment at $536?

Answer: $73k.  Buyers in the market for your property can now only offer 73% of the price when rates were 3% lower.  Your home just depreciated 27%.

Are we at the bottom?  Not even close.

On April 1st Federal Reserve is not continuing its investment, which means that mortgage rates are about to increase.  Experts believe home prices will drop 5 to 10 percent.  – realestate.com

Rates have been kept artificially low for the past 9 years, creating a boom and then propping up a bust.

Perhaps rates should really be at 15-20% to make up for all the money that has been printed and spent.

Either rates will stay low and the whole thing will go into a death spiral or at some point market forces will push rates up.  When that happens, expect your home to be worth less, and maybe the market bottom will be in sight.

For professional property management in Land O’ Lakes and Lutz, FL, contact Relevé Real Estate and Property Management

150 150 Relevé Real Estate

Rental Marketing Land O’ Lakes

Rental Marketing Land O' Lakes

Rental Marketing Land O’ Lakes

Vacancies will kill your cash flow. Having your property vacant just one month can wipe out all of your profits from the year.  It is better to secure a tenant for $50 less than what you are asking than to have your property sit vacant for a month.  Being real estate investors ourselves, we adopted the philosophy of ‘keep it rented.’

So when we have a property coming available, we do everything we can think of to get it rented fast.

Our biggest successes have come from marketing our properties online.  This not only gives us a lot of great targeted leads, it doesn’t cost our owners a dime.

The video is becoming more popular on the web.  Videos are also being factored into rankings on search engines like Google, Yahoo and Bing.

If you list a video with the area + for rent in the title, then your video link will show up in property searches for that area.

The actual ad looks a lot better and gives the prospective tenant a better experience in shopping for a home to rent.

The advertising costs to our owners are still zero, but we now create great looking video advertisements for their properties.  They are posted on the Relevé Property Management channel of YouTube.

Going forward, videos will become more and more important in finding and securing good tenants.  Sun Rock will continue to utilize technology to make your property stand out from the rest and eliminate vacancy.

In Pasco and Hillsborough counties, Florida, We Manage Your Investment.

150 150 Relevé Real Estate

Don’t Bank on a Growing Population

 

growing population

A cornerstone of the wisdom of the Rich Dad, Poor Dad books, was real estate is a good investment because the population will always grow.

More people will need more places to live and property will be more valuable.

The turbulent economy over the recent past has taught many that always never happens.  So what if the US has a declining population?

Fewer people will need fewer places to live and property will be less valuable.

In the book, The Next 100 Years, by George Friedman, he predicts a declining population in the 2030’s and 2040’s.  Venturing a hypothesis that the US will have to incentivize immigrants to come in and people will earn very high salaries because there will not be enough workers.

Friedman’s supports his theory by explaining changes in financial incentives for children over the last century.  People used to have a lot of kids because they needed them to work on the farm or in the factory, contributing income to the family.  Now kids go to school until they are about 25 years old.  The shift from income to expense gives financial reasons to have fewer children.  Add in the Great Recession and your birth rate plunged to historic lows.  The U S recently had the lowest birth rate in over 100 years.

When looking at a long-term investment strategy, don’t bank on always.

For expert property management you can depend on, contact Relevé Real Estate and Property Management

150 150 Relevé Real Estate

Finding a Tenant in Land O’ Lakes

Finding a Tenant in Land O' Lakes

Finding a Tenant in Land O’ Lakes

Properties do not necessarily have to be listed on the MLS.  The MLS would be more for prospective tenants that are looking for a rental with a real estate agent.  Generally, the commissions are not that good for tenant location, so most real estate agents do not pursue these leads.  Usually, it is for a friend or referral.  Overall, the MLS is geared more towards sales and for listing your rental property and finding a tenant in Land O’ Lakes, Florida, it is best to have the advertisement show up on many different websites.The MLS used to be the only thing out there to buy and sell properties.  But now with so many resources online, it is irrelevant.

Most of the sites are free, and there are sites that circulate the ads to multiple sites.  Most of our leads come from Zillow, Craigslist, and the company website.  Zillow is still the current king of finding tenants online.  Everyone uses it.  We post our properties to over 50 different rental listing websites. We get a couple of leads from HotPads and then some from local rental pages.

If your property manager tells you their advertising strategy is to list the property on the MLS, this is probably not the fastest and most effective way to find a tenant in land o’ lakes, Florida.

For expert property management in Lutz, Land O’ Lakes and Tampa, Florida, contact Relevé Real Estate and Property Management

Selling Above Asking Price
1024 793 Relevé Real Estate

Selling Above Asking Price

Selling Above Asking PriceEach home proprietor needs the best arrangement when they at long last choose to offer their home. It’s each homeowner’s fantasy to see an offering war follow. Shockingly, most homeowners wind up settling for normal or even beneath normal offers as indicated by most real estate specialists. What most home venders neglect to perceive is; getting an awesome arrangement doesn’t involve luckiness, timing or even area. It has more to do with being furnished with the right information concerning the brain research of a home purchaser and showcasing the quality to your home. How about we get directly into it and talk about the key to offering your home for more than the asking cost.

1. Request less to get more

This is by a wide margin one of the best-kept mysteries of offering a home for more than the asking cost. In spite of the fact that this methodology gives off an impression of being counterproductive at first look, it works ponders by making the vital consideration required to make a wild offering war. It’s significant that offering wars are made when there are different willing purchasers and to get numerous ready purchasers, the cost must be extremely appealing i.e. lower than the going business sector rate. When you value your home lower than the business sector rate (preferably, 5-10% lower), you will undoubtedly pull in more purchasers who will offer better offers to outbid other intrigued purchasers. You are will undoubtedly get incredible offers since potential purchasers will realize the genuine estimation of your home when they see it.

2. Try not to acknowledge the principal offer

This is another best kept mystery for offering a home for more than the asking cost. It doesn’t make a difference how great the main offer is, you ought to sit back and watch what different offers come your direction. At last you need to have the capacity to develop wild rivalry between intrigued purchasers, which will at last build your home’s last cost. An intrigued purchaser is continually ready to offer more within the sight of rivalry.

3. Approach financial specialists

Financial specialists may not be the primary individuals you think off when you need to offer your home, be that as it may, they are extraordinary in light of the fact that they are constantly prepared to go up against great arrangements and they likewise give the genuinely necessary motivating force to compel standard home purchasers to part with some more money. This system is incredible particularly on the off chance that you have a home with an awesome venture potential i.e. a home that can be effortlessly renovated to offer more rental space/bring a higher cost. Search for offers from financial specialists just to inspire customary home purchasers to offer more than the asking cost.

4. Make your home emerge

You additionally need to make your home emerge for you to get more than the asking cost. You need to do all the essential redesigns to make your home great. It is, be that as it may, essential to put resources into remodels that increase the value of your home instead of consuming your benefit. Case of remodels that will expand your home’s estimation incorporate; repainting, finishing, rooftop, loft and storm cellar redesigns. Such redesigns support the estimation of homes by roughly 10% or more and additionally make homes emerge. To cut expense without bargaining the result, you can think about doing as some remodels yourself i.e. repainting and finishing.

5. Highlight what makes your home celestial/emerge from comparable homes

Each home has a key offering point that may not as a matter of course be identified with the elements. It could be anything really from some additional patio nursery space to an uncommon tree animal groups in the lawn or an acclaimed occupant who once lived in the house. You have to discover the most one of a kind parts of your home and highlight them to potential purchasers to make them agreeable about offering more than the asking cost. You shouldn’t make due with the normal approaching cost for homes like yours. Locate the most exceptional components of you home and highlight them.

The above data highlights the top mysteries to offering a home for more than the asking cost. You don’t get the best arrangement for your home in light of sheer good fortune, the area or offering your home at the ideal time. It’s more about understanding what makes a potential home purchaser consider paying more. Making offering wars is an awesome method for getting more than the asking cost. You ought to likewise concentrate on making your home remarkable and in addition highlighting your home’s uniqueness.

150 150 Relevé Real Estate

Land O’ Lakes Real Estate Market Bottom

Land O’ Lakes Real Estate Market

Land O' Lakes Real Estate Market

It’s been a while since the crash of the housing market, but it is the decline of home values over yet?

If you ask a realtor, mortgage broker or builder, they will tell you it is a great time to buy. That the housing market can not get any lower and that “things” are getting better. I would like to believe them, but I do not see how things can get better when they are propped up, and there are no catalysts to increase demand.

We still have low-interest rates. Rates should be higher due to the amount of risk involved with lending money in this economy and depreciating collateral. Interest rates are being kept artificially low by the Federal Reserve. If market forces eventually push rates up to where they should be, then we could hit bottom. Will rates ever go higher?

We still have Fannie Mae and Freddie Mac, they have been bailed out and continue to buy loans on the secondary market. This eliminates risk for banks to lend responsibly and was part of the reason for the bubble in the first place. With government sponsored entities buying up every loan and banks being bailed out, they are not learning from their mistakes. The elimination of risk keeps banks lending and slows the fall to the bottom.

Unemployment has been going up, and I haven’t noticed any new jobs being created. As a property manager in Wesley Chapel and Tampa, Florida sees a lot of vacant commercial space and people not spending money. In a service-based economy, this is not a good thing.

My guess is that we have a long slow ride to the bottom, which could take 5-10 years (hopefully not 17). Then from there we will see a less volatile market with slow and steady appreciation that keeps pace with population growth and hopefully inflation.

Tell us what you think.

150 150 Relevé Real Estate

Lutz Landlord Screening

Lutz Landlord

Lutz Landlord

As the collapse of the housing market continues, foreclosures are all too common. Many good tenants, who pay their rent on time are finding themselves having to move because their landlord has not been paying the mortgage.

Tenants are learning lessons from the housing bust. It is wise to check out the landlord before signing a lease, moving all of your stuff in and paying rent. This is not too difficult to do, the main thing the tenant needs to see is the pay history on the mortgage for the last two years. One way to accomplish this is to run a credit report on the Landlord to show payment histories on all of their mortgages. With authorization, a verification of mortgage (VOM) could be sent to the Landlord’s mortgage company. The VOM could take over a week, so it is a good idea for a landlord to go ahead and request it so that it can be provided to prospective tenants at application.

When a property goes into foreclosure, the landlord should be upfront with the tenants about the situation. The tenants could possibly sue as they are promised uninterrupted enjoyment of the property in the lease. If a foreclosure process is started, any property management contracts are voided.

For more cash flow maximizing advice contacts Relevé Property Management, no strings attached.