Since I am a Realtor and buy homes for myself I can share some of my tactics that I have used to purchase great deals. Rehabbing 100's of homes and buying many different ways has gave me some inside
Tactics Real Estate Agents Use When They Buy Their Homes
The key to finding good deals is looking for gems that might need some work. For example homes in the higher priced range area are usually the best to purchase. Most of those type of buyers like to buy a home they can move into and get their lives back to normal as fast as possible. When you see homes that need work in the areas that are higher priced, most buyers simply do not want them usually.
The rehabbing of a home is a critical part of buying a fixer upper and so is the cost. As a Real Estate agent that has rehabbed 1000+ homes I employ all the services needed to rehab a home. That is a huge part of getting a great deal. When I look at a fixer upper I can understand the approx cost of what I want to do with the home. I also know where I can get the best deals on materials.
Adding the purchase price and the rehab cost gets me a total. I then look at the market value of the home to see if it makes sense.
I also look for homes that have been on the market awhile. Looked at a home with a client that needed a lot of work. It had a indoor pool that needed removed. The home has been on the market a long time because of the work needed in in the home. So we made an offer based on the market value and the work needed on this home.
As a Realtor I get to see all the new homes and old that come on the market daily. Real Estate websites do not get the updates a Realtor does. Want to have a toolbox to go get any home you want? I'm Brett and this is all I do 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty Arizona.
With over 17 years in the real estate industry, Brett’s primary focus has been on the improvement of housing in neighborhoods . He cooperates well with other brokers and agents that have clients in ....
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This article is about how long homeowners stay in their homes, the article recommends at least five years to get a good return. That would also be true of investors that lease their real estate.