I've bought (and sold) a lot of homes (my mother says I buy homes like others buy shoes), and these are tips that have worked for me.

• Buy a home you can easily afford. A lot of people buy homes at the top of their range, and that's a huge mistake for most...never be a paycheck away from foreclosure or struggling.
• Find a house with bad aesthetics and fantastic "bones." Buy the house that looks decent on the outside but has internal superficial ugliness - gross paint, carpets, etc.. As long as the major systems are fantastic (plumbing, electrical, roofing, etc..), superficial things can be fixed and will add instant value.
• Buy the crappiest house in the nicest neighborhood you can. It will always sell for more than what you paid for it, if you put in some elbow grease.
• Get an amazing home inspector, and follow him/her around with a clipboard asking questions and writing down every little problem. Use it for negotiations, and later as a personal checklist of things to take care of.
• Be sure to get a "fixed" interest rate with your mortgage...and have great credit. No matter what happens in the market, you'll be grateful.
• Know your market. Go to Zillow and see what houses have sold for in your area, before making an offer...know how competitive the market is, so you know how competitively to bid - how long do homes stay on the market? I've offered prices $100K less than ask and gotten homes, but also gotten homes by offering the asking price.
• Look at the crime map for your area. There are beautiful cheap homes out there in neighborhoods you'd never want to live in. Don't be suckered in.
• Don't ever buy anything with an HOA. (additional fee for living there) - you can never get rid of it, it can go up, and you can never truly pay off your property.
• Think of additional income streams. Does it have an in-law apartment or space you could rent out or use for Air BnB? Could you rent out a room or two if you were in a jam?
• Have enough money down that you will not be paying PMI (mortgage insurance)...this can be hundreds a month that doesn't even go toward your balance. Your payment per month will be far lower.
• Renovate...this is not HGTV. If you buy something completely finished, you are likely wasting a ton of money, and overpaying. You can usually have everything you want for a price you can afford if you're willing to do the back end of it.
• Have a list of things that are "must-haves," things "that would be a +1 but wouldn't be dealbreakers." Know that going in.
• Don't be "wowed" or turned off by the appearance going in. They hire professional staging companies for a reason...to make the house more appealing. They also have trouble sometimes selling great homes because hoarders or messy people live there. Look beyond the grit, or beyond the flash.
• Think about maintenance. A place with a huge backyard might *seem* awesome...until you are mowing all day every Saturday just to keep up. Things to consider - long driveways (plowing in winter), big back yards (mowing/trimming), etc...

These are just a few tips for a newb, but a lot of things come from experience also. If you have a friend in real estate, or know an experienced investor - take them with you when looking for homes - they'll often point out things you wouldn't have seen otherwise.

Here’s a list of things that are important. I think the key is to treat it as if it’s a business transaction because ultimately it is and for a lot of people, its their biggest one

1. Location is key. Is it an area that is well maintained? Is it near shopping? How long of a commute? What are the crime rates? Is the area growing? The location has a lot to do on whether your home will be a good investment.
2. Schools are pretty telling. Areas with great schools attract buyers and keep prices up. If the schools are good, it shows that the parents are likely pretty involved.
3. Get an Inspection by a qualified licensed inspector. We found so many things during the purchase of our home that I was shocked.
4. When it comes to your mortgage, shop the rates and fees. You want to make sure your interest and fees are the best you can get. Make sure its a fixed rate mortgage unless you have a credit issue. Credit unions have good rates some times and low fees.
5. Title Companies - With my last two closings I learned that they all charge different fees. The fees are sometimes negotiable. Shop around their fees.
6. Be aware that your property taxes may go up. Property taxes are based on the property value. Often when you buy a property, it is re-assessed and goes up to market value.
7. Ask the current owner for any info on the house which you may need. Who cuts their lawn? If there is a well, does anyone maintain it? Who services the pool? Who services the septic? When did they replace the roof? a/c? pool pump?
8. HOA’s - Be aware of the HOA’s rules if there is one. Make sure the current owner is up to date on their fees and has no rulings against them. I love neighborhoods without HOAs but with nice homes. They are hard to find but give you a little more freedom.
9. Consider the maintenance cost of the property. We bought a house that was on a landscaped acre with a pool. We had maintenance costs for the lawn guy, pool guy, septic company, water conditioning company in addition to the typical maintenance that comes with an owning an older home.
10. Stay within your means. You don’t want to be house broke.
11. Be choosy about your realtor. Your realtor will make a huge difference in how your transaction goes. I had a realtor that felt my offer was too low and did not want to present it. I convinced her to and they promptly took it. I found out later that the offer they had received prior to mine was 75k less than my offer. Your realtor can make or break a transaction. Make sure you choose a realtor that has your best interest in mind.

Good luck with your home purchase.

Based on recent experience as a Realtor, I wanted to prepare home buyers for how they can battle in this brutal, seller’s market. We’re witnessing a black swan event activated by the confluence of a 100-year pandemic, a broad work-from-home mandate, and historically low-interest rates. The unprecedented low interest rates make buying a home affordable, so first-time home buyers are jumping into the real estate market in record numbers.

The work-from-home mandate accelerated employers allowing employees to work from home -- indefinitely. With a pandemic raging, people are escaping dense, urban living, seeking a safer environment, more square footage and serene regions. San Francisco is experiencing a migration of employees relocating outside of California or away from big cities. Marin County and Sonoma County are experiencing a surge of these eager home buyers.

Currently, Sonoma County’s real estate market is highly competitive as demand outstrips supply. It doesn’t matter if the property is a condo, house, luxury home or land; buyers are quick on the draw to make offers. Bidding wars are now common. I just helped one client finally clinch the winning bid on a home after the couple was outbid on four other properties. To get a sense of how competitive it is among home buyers, one of the properties had 29 bids and another received 13 other offers -- many of them all cash.

I’ve put together valuable tips for how home buyers can improve their chances of clinching a home during the home buying process in a seller’s market. For starters, it’s important not to set your heart on any particular home. Otherwise, you could be in for a big emotional letdown.

1. Get pre-approved. Getting a pre-approved loan is a critical must-do step. Contact a mortgage broker right away so that you obtain a loan approval amount and a pre-approval letter -- before you begin your home shopping process. This move puts you in a strong position to advance your offer with a seller.
2. Be prepared to pay over the list price of the house for sale. The asking price for a new home listing may be a teaser rate. In this seller’s market, many homes are being listed just below market price. Real estate agents do this to generate multiple offers. Bidding wars are the reality in the current real estate market. Low inventory, surplus buyers, and teaser home list pricing means that home buyers, particularly in heated markets, need to be prepared to pay as much as 5-10%, sometimes more, over the asking price of the house.
3. Keep the terms of the offer simple. Make your offer simple. For example, an offer such as a 30-day close, 17-day inspection, and 21-day appraisal is good. If possible, refrain from a 60-day close, contingent on the sale of a home, repair requests completed before the close of escrow, or negotiating for personal items from the seller's home.
4. Act fast as time-is-of-the-essence: Unprecedented buyer demand means that there can be anywhere from 5 to 30 offers made on a single property. Currently, the days on the market for a new home listing are anywhere from 1 day to 15 days. The competition is so fierce that some new home listings are receiving multiple offers on the same day of listing. Therefore, buyers should be extra vigilant in working with their real estate agent to strategize, decide and act fast.
5. Be flexible. Do look outside the range of your parameters (i.e., square footage, lot size, price, number of bedrooms, fireplace, etc.). If home buyers can be more flexible in what they seek in a home, they’ll be able to consider more properties and increase their chances of finding one they want to buy.

In this seller's market, you will become disheartened but don't give up! Be patient, remain hopeful and persevere. Drop me a line if I can be of further help.

Always use a real estate agent to get the best deal and save or make the most money. Always get a home inspection to ensure you know what you are buying. Negotiate any building code violations or any serious problems with the house, either the seller fixes or compensates you so you can get these fixed before you move in. When selling try to make your home look like a home you would see in a magazine. When selling try to remove as much of your belongings as possible, but don’t make the room empty. You can store your items in the garage until after the house is sold because everyone knows what a garage looks like on the inside. When selling remove all personal photos from the house. Personal photos say this is my house. Buyer cannot imagine their family photos on the walls when they see your family photos on the walls. Have a few colorful flowers in the front of the house to make the house feel more welcoming. Place blue tablets in your toilet tanks ($3 at Home Depot). Open some windows to put fresh air in the house before showing. Also lightly spray something Febreze linen air freshener (something with a light fresh smell - not heavy flowers). Don’t put fresh flowers in your house, as some real estate recommend because some buyers have allergies. Don’t have baked cookies smell in the house unless you are giving customers some cookies. Some agents recommend baking something to make a baked good smell in the house, if you do this the customer will expect to get some free baked goods. If you bake something, have enough to feed all the customers. If you found my post interesting or helpful, please upvote, share, and follow. Thank you!

You make money when you buy a home, not when you sell it. In a housing market with record high price levels, this concept can be difficult to understand so I’ll explain with a simple example. It can help you avoid one of the biggest home buyer mistakes.

A property I currently own is in a cookie cutter neighborhood where all the homes are pretty much like one another. They share very similar square footage, lot size, and look pretty much the same. A neighbor and I purchased our homes exactly one day apart but he paid $39,000 more for the same home. So how does this happen?

For starters, many buyers (and sometimes lazy Realtors) overlook that getting a purchase offer approved is just the first step in the purchase process. As a buyer, you now have the opportunity to complete a home appraisal and inspection and negotiate credits or discounts if there are problems with the home (tip: virtually every home needs maintenance and updates that enable you to negotiate a credit). Simple tips such as these enable you to get the home for even less than the negotiated purchase price. The lower purchase price also means a lower monthly mortgage payment and other perks that add up over time.

More importantly, using these tips to negotiate a good purchase price buys you a lot of protection as a homeowner. You can now make needed or surprise repairs without overspending on the property and you also have a lot more equity if the housing market does take a downturn. Furthermore, if you decide to sell the property quickly, that equity you earned right away can help cover Realtor and other fees that can often dig into your profit margins. The buyer who paid $39,000 more for the property would not be able to do that as easily.

It’s true that you collect money when you sell a home but you earn it when you buy a home through smart negotiation that saves upfront fees and ongoing expenses during the time that you own the property. Happy buying.

From 20+ years in the Real Estate, I can confidently say that decluttering adds more value to your home than any update. This advice is good for both buying and selling homes. People make judgments on first impressions and a cluttered home does not make for a good impression or adds value in any way.

Lessons in the Zen of Decluttering

There’s a kind of bliss that comes from tidying up and getting rid of all the stuff in your home that’s taking up your interior real estate. The purging is an emotional activity, and it’s a good feeling. Best of all, you’re not only doing it for the peace of mind and pride … you’re sprinting your way to the home sale finish line. Here we go. Absorb these lessons, take a deep breath and dig in!

Lesson #1: Categorize

You’re thinking that organizing a clutter-removal plan means going room-to-room. Nope. We’re talking about organizing by categories: clothing, books, old photos, and so on. Start with the category that you have the least amount of trouble thinning out. Most of us would agree that’s clothing, but everybody is different. Put the categories in order from least stressful to most for you.

Lesson #2: Closet Claustrophobia

We’re not talking here about the panicky feeling you get when being confined to small spaces. We’re talking about your poor clothes and how they feel being scrunched up in a crowded closet. Toss out the most pathetic-looking slacks and tops, old sweaters, blouses with ugly stains that you can’t wear in public but are keeping around for house projects like painting, gardening, fix-it jobs. Start there. Then scrutinize each item and ask yourself if you’re going to wear that item in the next 6 months, year, two years. If you’re not going to wear it in 2 or 3 seasons, you should definitely get rid of it. Think of it this way: now you’ll have freed up some hangers. If you’re like most people, you never have enough hangers.

Lesson #3: The “Awwww” Factor

We tie memories to our stuff, no question. Like that cute stuffed panda bear, your Aunt Betsy gave you for winning your first spelling bee. Give it one big hug and put the 6-foot tall dust collector/space-eating goblin in the Goodwill donation box you have by the front door. You are going to relive a lot of fond memories and learn a lot about yourself getting rid of the nostalgia. You’ll be a better, stronger person for it. And remember, when you deposit the check from your house sale, you can use some of it to start collecting memories all over again.

Lesson #4: Sorting

There’s a little trick to purging that many find makes the job easier. It’s called pile sorting. One variation is to establish three piles: one for the “definitely can go,” another for the “no way in hell am I getting rid of this,” and three, “I’m on the fence on this.” It’s kind of fun. You might give the piles a second going over or even a third, moving items from one pile to the other. But set one rule: no fair moving items you’ve already placed in the “definitely can go” pile to one of the other two piles. Gotta set limits. There’s no easy out to this hack.

Lesson #5: Where the Discards go

The stuff that’s going bye-bye can be set up into piles as well – or boxes. Discards usually go to about 4 places: to friends and family, donated to a thrift store, for a garage sale, or tossed in the dumpster. Some thrift stores will come to you with a truck and happily cart your stuff away. This is a godsend, especially when you have toss-outs like books and bulky, heavy appliances. If you’re giving stuff to friends, ask them to come to you to get it. If it’s destined for the dump, make sure you abide by your city’s heavy trash pick-up schedule and don’t just leave it in trash bags for garbage pick-up.

Lesson #6: For Keeps

On the flip side of where the discards go is where stuff that you’ve decided to keep goes. In the case of clothes, neatly fold them and place in dresser drawers or hang them in closets that are not already stuffed. Give them space. Make them feel wanted.

Other items can be put in small boxes and stacked to look pretty to prospective home buyers but also give you easy access. Use more vertical space to give your room or closet a more spacious feel.

Lesson #7 Enjoy

Besides decluttering to attract buyers, you’ve also succeeded in reducing the amount of time you spend cleaning and dusting and the amount of stuff you and the movers have to schlep to your new home. It also feels pretty darn good to make space. It’s good karma … attracting a buyer/seller, a better life for you, and a new home or afterlife for your clutter.

Literally, anything piece of information you can get your hands on is an important tip. Theres a strong strong strong chance that your house will be the most expensive thing you’ll ever buy in your life. That being said here are the tips I deem as most important:

1. Decide why you’re buyin g ahouse in the first place. Are you trying to raise a family? Rent it out?
2. Shop around for a mortgage, a small difference in interest rates can make a big difference in the long run
3. Do your research. In today’s day and age, you have every piece of information at your disposal. Websites like Real Estate, Homes for Sale, MLS Listings, Agents or Zillow: Real Estate, Apartments, Mortgages & Home Values provide thousands of listings.
4. Just because you found your dream house at an affordable price doesn’t mean that you can’t find a dreamier house at an even more affordable price.
5. DO NOT spend every penny to your name on a down payment. You should have at the very least 3 months mortgage payment in the bank. The more the better.
6. Keep money stowed away for a rainy day. You’ll quickly discover that repairs to your home and things in your home is quite a costly endeavor. You thought getting your car fixed was pricey? Wait until its the middle of winter and you need to buy a new furnace.

Make sure you see the place at different times of day and weather. Go see it during rush hour, and when it rains if you can.

Try to get pre approved for a mortgage first, so you know what you can afford, or what you need to do to repair or better your credit.

In a hot market, put a bid in fast if you love something, but have a home inspection and mortgage clause in the agreement to protect yourself.

Always get a home warranty (try to get the realtor or seller to pay for it).

Check to see if the home is in a flood zone… if it’s not, but close, get flood insurance! (Btw it’s not cheap!) Too much global warming.

If you are new to an area, you may want to rent for a year first, to get a better idea of where to buy.

However, rates are Very low right now! If you are a first time buyer, and the possibility of moving again is in the future, you may want to purchase a multi unit property (two to four units) as your first property.

That way, when you go to buy your next home, keep that property as an income producer, and a retirement asset. In general, home values should continue to go up, and again, rates are just so darn low!

If you need a down payment, try to get a line of credit on that property, to use as the down payment on the new one.

For those who have very little down money, try to negotiate a seller’s concession (credit) towards your closing costs (up to 6%). That money now, is going to be more important than the tiny difference in payment over 30 years!

Also… although many states have sales tax, which may traditionally be split half/half… you can always negotiate that the seller pay the whole thing, no matter what the “tradition”.

Good luck!

I agree with everything Anthony wrote, but I do have an additional concern: what are you buying?

Is this your “starter” home? If so, it’s important to find one that can relatively easily be improved upon, in an area with a solid school system (even if you don’t have kids yet). You want to make sure you can sell for more than you bought it for, to have money for the “step-up” home, and make it attractive to a young family.

Is this the home you will live in “forever”? If so, it’s important that it be convenient to your work. Also, consider how much acreage and interior space you have time and money to maintain. For instance, I love to garden. My “forever” home would have to have lots of space for me to devote to having a bigger area to plant. But some people would rather travel; in that case, their ideal home may have little or no land. How much interior space would depend upon how much you entertain guests, and how many children you have. Will you be hosting big family gatherings? Need 4 bedrooms or more?

Are you older, and/or have health concerns, like arthritis? You will need to think about accessibility. A one-level home or condo with easy parking will be essential. Think about room for ramps and grab bars. At least one large bathroom with an easy-access tub (or room for one) would be important. You’d be wise to have no door thresholds and have carpet as opposed to a hard floor surface. Another thought as to parking: even if you don’t drive, it is vital to have access to an area where a car/van/ambulance can easily reach you. Minutes count in an emergency; you don’t want EMT’s facing difficulty getting to you. The better accident-proof your home, the longer you can stay in it, and avoid expensive assisted living facilities.

If you are considering “flipping,” and are about to buy a property to fix up, think about all these considerations with your potential buyer in mind. Who will most be drawn to that house? A young family, retirees, executives? Do some research on schools, parks, commute times, gyms, elder services, area health care, etc.

Just a few ideas to get you thinking! Cheers!

1. Don't call yourself an "entrepreneur" until you have taken the time to actually start in on building something. The title can sometimes get in the way of actual execution.

2. Find someone else to work with you, going it alone works for some but most people need someone to hold their hand and kick their butt every now and again.

3. Be your own biggest critic, your friends and family like you and will never say anything bad about your product. Understand that the first version of whatever you make will be embarrassingly bad, and be willing to take steps in the direction of making it better.

4. Find other people who are doing stuff like what you're doing and talk to them constantly. Never pass up an opportunity to chat with another entrepreneur, especially early on.

5. Don't hold yourself to goals, but do hold yourself to actions. Make sure that you are doing something towards making your startup better every, single day. Your goals will shift wildly, but doing stuff never goes out of fashion.

6. Be willing to pivot if your product stops making sense to you. Too many people think the choice is between accepting the product as it is or giving up entirely. This is silly. Most of the best things out there today started as entirely different things. Be willing to identify which part of your product works and tear out the parts that don't.

7. Keep an open mind. Running a business is about constantly farming subtle opportunities. Try to keep an open mind when something comes across your desk, you never know whether that will be what changes everything.

8. Spend time with your friends and family. They will like you even if you fail at your business.

9. Get some exercise, eat right and don't forget that few entrepreneurs make it big on their first business.

Learn to be dispassionate. Do NOT fall in love with any house. You must see it in cold, practical terms.

One house we looked at had a nice view over a valley. A small rainstorm was travelling up the valley making the view dramatic. I fell in love. Unfortunately, it was a converted barn, very drafty, impossibly expensive to heat, and immediately next door to loud teenagers. Eventually we realized they were asking far too much money for it, luckily before we have made much of a financial commitment.

You MUST assess at least these things:

• is it sound/wellmade/in good repair?
• There is always something wrong. What? Cost to fix?
• What will it cost to adapt it to our needs?
• Is the asking price remotely reasonable for what and where it is?
• Are there other identical/similar houses nearby? What are they selling for?
• Has it been on the market a long time? Why?
• What happens if we can’t stand the neighbours?
• Regardless of price, will it sell when we want to sell?

Not sure what other agent do, but my team and I have an intake questionnaire that we go over with you so we are very clear about what you expect in finding a home.

• Size (bedroom count & baths)
• Cul-de-sac or on the busline?
• Type of house (sometimes people must avoid stairs)
• “I’d love a 1950’s brick” or “I swoon when I need a contemporary” or “Wood. I need lots of wood in the house, none of this painted white stuff…” “I’ve always wanted to live in a Victorian or Farmhouse”
• Yard (big? small? fenced for kids or dog? garden area? low maintenance? what are your expectations of how you will use your property?)

The more clearly you communicate with your agent, the better. I ask people to send me images of homes they love, or decorating style they love, or their furniture they love. It helps me get a more rounded view of the client. What might be glorious for me, is meh for you. Please show me some Zillow finds that you thought were Peachy Keen! lol

The closer I can get to your expectations and what you can afford, the sooner you will be moving in.

When it comes to houses, if I can be of service to you, let me know. Always happy to help someone hook up with a sharp agent in their area of the country, or my team and I personally “help you get it.”

I’m attaching below, an example of questions to consider. If you cannot read it easily, email me or text me and I will email you the PDF version.

Rita Harris, Broker (Seattle & WA State)
c21 WP & Associates Realty

Some:

—Do not buy a home that you cannot afford. A good measurement is your DTI, ideally in the 30% or lower range

—Stay away from ARMS, unless you are now capable of making a much higher payment than you will make with the ARM.

—Thoroughly investigate the neighborhood - location, location, location!

—Try to have enough down to avoid mortgage insurance, which will hang around your neck like an albatross

—Pay close attention to the Home Inspector’s report

—Try to negotiate Realtor commissions. 6% is not the fixed standard anymore.

—Enter into the shortest Realtor Agreement you can negotiate, say three months. Don’t go out a year if possible

—Average Zillow, Redfin and the Realtor’s Market Analysis to get a handle on the price of the house

—Approach neighbors of the for-sale property to get a take on the neighborhood

Here are some tips to keep in mind when buying real estate:

1. Decide how much you can afford to spend on a home before you start your search. This will enable you to focus your search and keep you from taking on too much debt.
2. Be pre-approved before you start looking if you'll need a mortgage to buy a home. This will assist you in determining your financial capabilities and demonstrate to sellers your seriousness as a purchase.
3. You may identify homes that suit your needs and budget with the assistance of a good real estate agent, who can also help you bargain with sellers and walk you through the purchasing process.
4. Research the neighborhood real estate market to learn about trends, inventory, and property values. You can use this information to negotiate better deals and make more informed decisions.
5. To identify any problems or repairs that may need to be done, have the property evaluated by an expert before completing your purchase.
6. A property's location should be taken into account. Make sure it's a good fit for you by doing some research on the area's amenities and neighborhood.
7. Take your time and don't feel compelled to decide right away. Real estate is a long-term investment, so it's critical to make the best choice possible.

1. You will probably fail. Be prepared for it, wear it like a badge, and learn from it.
2. You must be able to afford to fail. Leave no money on the table, never risk more than you can afford to lose.
3. Tear out every affectation and buzzword from your thoughts. Don't imagine that the title CEO impresses anyone. Don't be impressed by phrases such as "team building" which simply means hiring good workers.
4. Forget thinking of yourself as an "entrepreneur." It just means, "to undertake." It says nothing about what you actually do. You may be a general contractor, a cookie baker, or a CPA. Focus on, and explain yourself, in terms of what you actually DO.
5. See #1.

First, get yourself a really good Realtor - and no, that doesn't always mean the one who has the highest sales record. Don't forget, the more properties a Realtor carries in his listing portfolio, the thinner he has to spread himself between them. You need to find someone with whom your have a good rapport and who you feel confident you can trust. Then clean. Clean inside and outside until there's not one blade of grass out of place and the finishes inside literally sparkle. Don't forget the details - do windows inside and out. Open drapes and let the sun stream in and get to every dingy corner. Organize and straighten cupboards and closets. Pack up things you won't need for a season. You're going to have to pack to move anyway, so get a head start on it. We all have a tendency to fill our homes with mementos - but they are only mementos to us. To a potential buyer, they often only serve to prevent them seeing - and feeling - how their own set would fit into the space. So, pack them up for your future move - and stack any boxes you have to keep neatly and tidily in a storeroom, basement or garage. Kids' toys - in a box. Tools - in a box. Knick knacks and pictures - pack them in boxes. And keep the boxes looking tidy. It will be easier to keep things clean that way. Then listen to that Realtor you trust. Do everything he asks you. In today's market, with a Realtor's expertise - and a damned CLEAN property, it doesn't matter where you live, you should be selling pretty quickly.

It’s good to follow these tips before you buy your first house in Lucknow:

· Initially, you need to know your budget and accordingly you can choose the property. Thus, you have to make an estimate ensuring that you afford the cost at your ease.

· If you are applying for a home loan you have to prepare for the mortgage process. It helps you to avoid additional financial burden and you can repay your loan as of monthly installments. And you must check your credit score ensuring that you can easily apply for the loan. It’s important to check the credit report removing the errors and thus you can now arrange finances to buy the home of your choice.

· You must save cash for the down payment process and you can avoid investing in volatile stock market. The down payment usually varies from 3.5 and 20% of the purchase price and you have to do a proper calculation knowing the right amount.

· Next, you have to arrange all legal documents ensuring that you carry out all the proceedings in the right way. You can consult with an expert lawyer understanding the things in detail that m.ake sit easier to buy your house without any confusion. And it’s important that you become the owner of the house legally and you have the full right to take any decision in future.

Now, you can buy the apartment of your choice that gives you the confidence to lead a better lifestyle. A 3BHK apartment in Lucknow brings in ample space and thus you can now help your family members to stay well. And if you are applying for a mortgage loan you must go through the terms and conditions knowing that you are completely safe. You can also consult with a loan advisor knowing which option is suitable for you fulfilling all your specifications.

Hello Readers!

You've always wanted to own your own investment property, and now you have the keys and are ready to make a profit. Investing in Port Aransas real estate is not for the fainthearted, and if you make a mistake with your offer price, don't select the best property for your strategy — or don't have a strategy at all — your goal is to profit is bound to fail before you even begin. Here are some tips to get started.

1- Understand your options

Before you make any decisions about your first investment home, it's critical that you understand your options and the job at hand. There are two primary ways to profit from an investment property:

• Fixing and flipping it
• Buying and holding it

2 - Pick the strategy that’s best for you

Every investment strategy involves some speculating, which always carries an additional level of risk. Even though they both involve real estate, fixing-and-flipping and buying-and-holding a house are very different, and investors choose one strategy over the other for a reason. Choose the one that best fits your timetable, goals, knowledge, and resources.

3 - Secure the proper resources

You want to make sure you're ready before diving in headfirst. Before you start looking for a house, it's critical to understand the resources you'll need for each strategy and to gather them.

4 - Consider your goals when looking at possible investment houses

The next step is to determine which property will assist you in making a profit. What factors contribute to a house being a good investment property for your strategy? Consider which property will provide you with the highest return on investment and which will provide you with the best opportunities for profit in the future. This will vary depending on the strategy.

5 - Hire a qualified real estate agent with experience in investment properties

If you already have a real estate license, it is best to hire a qualified real estate agent who has experience buying Port Aransas homes for sale. They can assist fix-and-flip investors in timing their purchases and sales, putting their properties on the market at the right price, and finding the right buyers. Alternatively, they can assist buy-and-hold investors in selecting the best property, locating renters, and advising them on landlord-tenant law. However, a knowledgeable and experienced real estate agent can also assist with a variety of other valuable services.

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First find out what’s important to the seller. Some want quick close, some want later close, want rent back, and in and on. Your Realtor can do this in a conversation with the listing Realtor.

Then do everything you can to reassure the seller that your offer will close. First part of that is to get preAPPROVED (not just preQUALIFIED) by a LOCAL LENDER. Make as large an earnest money deposit as possible. Higher earnest money is almost more important than larger down payment (and it becomes part of your down payment at closing anyway).

Find out if there are other offers in already and be sure to comply with offer deadlines, if any.

Then write a letter to your seller about how much you (and your family, if any) like the home and how you’ll take care of it for years.

A leading real estate developer in India, Rajdarbar Group Director Radheecka Rakesh Garg shares advice for women looking to get into the industry. Radheecka Rakesh Garg believes the following advice can benefit others and was helpful for her:

1. Networking: Women communicate very well. Female entrepreneurs should seek out mentors and sponsors in the field to help them along the way, as well as build a network of other like-minded female business owners.
2. Willing to adapt to change: Women naturally multitask well, which enables them to successfully balance work and families. They can think quickly and solve problems right away.
3. Securing investment: Securing investments is an essential part of the real estate industry. Women need to develop their ability to manage investor relationships, be clear about what success looks like for them, and motivate investors with their ideas.
4. Stay optimistic: Female company owners should focus on what they can control rather than worrying about things they have no control over. They should invest the time to learn about the market dynamics and be ready to seize any potential growth chances that may present themselves

According to Radheecka Rakesh Garg, it is crucial to be sure you have the correct mindset to succeed in real estate. You must possess drive, Confident, Outgoing, Persuasive, able to handle risk. Perhaps most essential, you need to be incredibly determined because the road will be littered with obstacles.

1. Set a Budget: Determine your financial limits before starting the search.
2. Research the Market: Understand the current trends and values in the area.
3. Get Pre-approved: Secure a mortgage pre-approval for a stronger buying position.
4. Location Matters: Prioritize a convenient and desirable location.
5. Inspect Thoroughly: Attend property inspections to assess condition and potential issues.
6. Consider Resale Value: Think about the property's potential resale value in the future.
7. Negotiate Wisely: Be prepared to negotiate, and don't be afraid to walk away if needed.
8. Understand the Contract: Review the purchase contract thoroughly with legal advice.
9. Factor in Additional Costs: Account for closing costs, taxes, and potential renovations.
10. Plan for the Future: Consider long-term goals and how the property fits into your plans.

Remember, buying real estate is a significant financial decision, so taking the time to research, plan, and seek professional advice is crucial for a successful and satisfying purchase.

Starting a real estate brokerage business can be a challenging task, but with the right planning and strategy, it can become a successful business. Here are some tips that can help you get started in this field:

Education and Training:

· Get the education and training to understand the real estate business.
· Find out about the licenses and certifications you need to become a broker.

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· Check the real estate market in your area. Know which property brokers are there in your area and how their business is doing.

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· Initially you should focus on a specific segment or area of ​​expertise.

Establish the right relationship:

Establish the right connections with local builders, financial institutions, and other real estate networks.

Digital Access:

· Create a website so people can easily find your services.
· Use social media platforms to promote your services.

Build a good team:

· Add the right people to your team with good experience and knowledge in the real estate sector.

Follow the rules and regulations:

· Meet and follow real estate regulations and statutes at the local and national levels.

Guidance and Mentoring:

· If you are new then meet an experienced broker and get guidance and mentoring from him.

To achieve success in starting a real estate brokerage business, it is important to make the right plan and implement it in practical activities.

This is a great question. I’ll assume that the company is at very early/pre-seed stage.

1. Get a co-founder that you trust her/him with your life: Believe it or not, you are kinda married to your co-founder.
2. Care deeply about your employee: Chances are if you are a pre-seed startup, you are not paying your employees a lot. So, care for them and show them that you care. Even if once a week, you buy them a cup of coffee, they’ll give so much more back to you.
3. Remember the monthly payroll: More specifically, remember that your paycheck is the last one that will be written. So don’t hire if you don’t have to.
4. Obsess with your early adopters: Send them personal emails, ask them for feedback. If you are in B2B space, meet with them if you can.
5. Sleep at nights: If you get up in the middle of the night and you are wondering what the hell are you doing with your life, just go back to sleep. You can think more clearly in the morning after a cup of coffee.