With the housing market being at an all time low, this has introduced a great deal of room when it comes to being able to bargain and negotiate on prices.
By doing your research and keeping the opposing real estate agent on their toes, you can avoid being taken advantage of.
Although the process isn't the most enjoyable experience-few people putting people on the streets-it must be done. So here's how you can do it tactfully and lawfully so you can sleep better at night.
There are several things you can do to make your home more appealing for renters or buyers. The first thing you should do is drive past your home.
The terms of the agreement can include harming the property and not fixing it themselves, staying past their contract date, non-payment of rent or utilities, etc. Whatever the terms, they are laid out with the understanding that there are punishments affixed for breaking any of these.
Smart buyers do their homework, know what size home they need, how much they can afford, and then search the market for what they want and negotiate fairly. If you do this, you will avoid a lot of back and forth bantering about cost that leads to nowhere.
Next, when you make an offer, know the recent comparable sales-this can end up being a great bargaining tool. Make an offer up to fifteen thousand dollars under what the last one sold for.
Even in this market, if you insult your seller, they will not want to deal with you. Sellers know what the last one sold for-you need to give them enough interest that they will consider it. You need to find out as much as you can about the motivations behind the person who's home you are interested in. This could include whether they are going through retirement, a job change, divorce, or just an interest in moving somewhere bigger or nicer.
If you can get their hearts, then they won't easily do wrong by you again. Not everyone responds to these merciful movements though.
A welcome mat would also be a great idea to create a warm atmosphere. Planting flowers in the available dirt is also an option.
It's very civil to issue a warning or two before you resort to eviction. Third, send a notice of eviction if your tenant is noncompliant to your warnings.
There is usually more that needs to be done to the house than you think. In a tighter market, it is not too much to ask the homeowner to add the closing costs to the price of the house.
It is better to put twenty percent down and add the closing costs to the loan, than put fifteen percent down and pay the costs upfront. You could even try asking them to fund new kitchen appliances, or even a washer and dryer.
Throwing in these little items can make it a much better deal for you. However, do not ask them to paint the home for you, or do other handy work.
When you follow these steps of civility, you offer the tenant an opportunity to fix their mistakes, and in doing so, potentially preserve a relationship with you, their landlord. If they choose not to work with your agreement though, follow the natural course of law.
By putting a bit of thought and effort into making your home appealing, you increase your chances of getting your home bought or rent by a large margin.
By doing your research and keeping the opposing real estate agent on their toes, you can avoid being taken advantage of.
Although the process isn't the most enjoyable experience-few people putting people on the streets-it must be done. So here's how you can do it tactfully and lawfully so you can sleep better at night.
There are several things you can do to make your home more appealing for renters or buyers. The first thing you should do is drive past your home.
The terms of the agreement can include harming the property and not fixing it themselves, staying past their contract date, non-payment of rent or utilities, etc. Whatever the terms, they are laid out with the understanding that there are punishments affixed for breaking any of these.
Smart buyers do their homework, know what size home they need, how much they can afford, and then search the market for what they want and negotiate fairly. If you do this, you will avoid a lot of back and forth bantering about cost that leads to nowhere.
Next, when you make an offer, know the recent comparable sales-this can end up being a great bargaining tool. Make an offer up to fifteen thousand dollars under what the last one sold for.
Even in this market, if you insult your seller, they will not want to deal with you. Sellers know what the last one sold for-you need to give them enough interest that they will consider it. You need to find out as much as you can about the motivations behind the person who's home you are interested in. This could include whether they are going through retirement, a job change, divorce, or just an interest in moving somewhere bigger or nicer.
If you can get their hearts, then they won't easily do wrong by you again. Not everyone responds to these merciful movements though.
A welcome mat would also be a great idea to create a warm atmosphere. Planting flowers in the available dirt is also an option.
It's very civil to issue a warning or two before you resort to eviction. Third, send a notice of eviction if your tenant is noncompliant to your warnings.
There is usually more that needs to be done to the house than you think. In a tighter market, it is not too much to ask the homeowner to add the closing costs to the price of the house.
It is better to put twenty percent down and add the closing costs to the loan, than put fifteen percent down and pay the costs upfront. You could even try asking them to fund new kitchen appliances, or even a washer and dryer.
Throwing in these little items can make it a much better deal for you. However, do not ask them to paint the home for you, or do other handy work.
When you follow these steps of civility, you offer the tenant an opportunity to fix their mistakes, and in doing so, potentially preserve a relationship with you, their landlord. If they choose not to work with your agreement though, follow the natural course of law.
By putting a bit of thought and effort into making your home appealing, you increase your chances of getting your home bought or rent by a large margin.
About the Author:
Trade Wind Las Vegas provides comprehensive property management services. Trade Wind Investments is a licensed, accredited and insured real estate brokerage. We provide complete assistance for investing in the Las Vegas residential or commercial real estate market. We specialize in real property investments and the management of those assets including single family homes, condominiums, town homes and commercial projects.