Skip to main content

Why Real Estate is Such a Good (Great) Investment: Part 3-Sell it

This is the next installment of a 7 part series exploring ideas of why real estate is such a good investment. The focus will be on single family and multifamily real estate, but a good idea is a good idea, enjoy. 

Alas, today we will be discussing the main thing people think about when they think about real estate investing, selling the asset high after buying low.

The biggest advantage to selling real estate is the value added you can do yourself. There is no requirement to hire anyone to do any repairs on the property, as real estate is sold as is. You can do your own marketing, your own negotiating, there does not have to be anyone between you and the market unless you choose for there to be. You choose your partners at terms you both agree with. With that great power, comes great responsibility.

Though you can do it yourself, it is more advisable to partner with those who do it every day, rather than every so often. Consider that a real estate transaction employs about 30 people (partial list, realtor, realtor office admin, handyman, home inspector, NHD report, title rep, title officer, appraiser, loan officer, loan processor, loan underwriter, escrow officer, escrow assistant, runner, recording office, et al), each of which is integral to selling a house.

To 'repair a house' is about 44 C-License 'specialties' licensed by the state of California, to keep an update list those who are reputable to price well, do good work and have integrity for every single profession is a job in itself.

I AM NOT 'shilling' for a real estate agent, I am merely thinking through the decision-making process of how one should approach effectively maximizing their sale price with the least amount of hassle. It really comes down to one salesperson and one 'doer' (contractor) that knows how to get the answers rather than having the answers. All the effort should be to determine whether this person is competent, honest and charges fair pricing, everything else is not nearly as important.

As a corollary, seller financing (carrying paper) is a thing, I would prefer to skip it as it has been talked out in many other places.




Feel free to #askGene about real estate, it is a little bit of a focused topic for him. 

 Yorba Linda, CA-TRREG DRE#01843673-RP100 DRE#02059058-P:714-831-1800-E:info@theresultsrealestategroup.com-W:www.theresultsrealestategroup.com-Facebook - Twitter - Instagram - LinkedIn
Labels:
Location: Brea, CA, USA

Comments

Post a Comment

Popular posts from this blog

Your First Home: Step 8-Protect Your Investment

Welcome to the world of home ownership, besides feeling like you signed your life away-how does it feel? You may find yourself feeling pride of ownership, because you now in fact own something. But with great power comes great responsibility-home maintenance. One of the best resources for you, even after the transaction, is going to be your real estate agent. Chances are, if you need a specific kind of vendor-they have one they trust and can refer you to. Home maintenance falls into two categories: Keep it clean and keep an eye on it. Review the maintenance needs for your home once you are settled in plan for regular service. If you notice something different, investigate it and fix it. A small problem not treated turns into a massively more expensive problem when ignored. Be sure to also read your home warranty, some of the repairs that come up may be covered. Also, have reserves set up for “Life Happens” situations. Finally, the most important part, Housewarming Party! Nothing w...
Post a Comment
Read more

Real Estate Investments: Invest Up

I want to speak briefly to the masses today. Normally our audience is the Buyer and Seller, and yet it is easy enough for anyone to become both. It could even happen that you are a Buyer, Seller, and Investor at the same time! How can this be? Me, a normal person can be a Investor? Yes. Even more than that, as soon as you start your journey you start doing something greater than yourself, building generational wealth. Let's start at the very beginning, a very good place to start. This beginning looks like a house purchase. That would be because it is a house purchase. Assuming you are buying this house to rent out, you are now a Landlord and Investor. The first house is going to be the scariest, it gets easier from there. Let's assume you have rented out the house for a couple of years and you are looking to upgrade from a Single Family Residence to a Duplex. You would sell your Single Family Residence and 1031 the proceeds of the sale into the purchase of the duplex. Yo...
Post a Comment
Read more