Your home is more than just a place to keep yourself out of the rain and snow. Your home is a place that you have made a lot of great experiences, and made a lot of great memories. This is why selling your home can be a very emotional experience for a lot of home owners. There are some that just want to get out and would torch the place if they could. But selling can be an exciting time and a time to more on to new and better endeavors.
When selling your home in Billings Montana you need to try your best to transition from being an emotional seller to being a cold hearted blood thirsty tyrant. Well maybe that’s a little much but you get what I am spitting out. You need to not involve your emotions in the selling process, do not make decisions based on emotion and just stick with cold hard facts. You need to know what the market is doing, how to sell your home and really have a plan of action to sell your home.
Selling a home in Billings Montana involves a lot of homework whether you are going with a Realtor, selling yourself or selling quickly to an investor. Click here for investors in Billings Montana. Investors can help you just get the house sold fast and you don’t have to worry about fixing a thing.
So what kind of homework will you need to be doing? First you will need to either select the right agent for you. There are several great agents in Billings Montana. If you would like a good honest opinion get a hold of the author, he can give you good recommendations. Agents are great because they can help you go over the latest market trend in Billings Montana and determine the right selling price.
Make sure you are going with an agent that is honest with you and does not just want to list the property at a high price to get the listing. Go with someone who is going to give you his/her honest opinion. Watch out for agents that just want to please and will not just be honest with you.
Next you will want to arrange for inspections on the property to make sure there is nothing major wrong with the house. Sometimes you will have something wrong that you never even knew about. Then take the inspection list and make any repairs that are needed.
I also recommend that you get your house in tip top shape. Paint the walls, put in new carpet, update the place and just make it into a new buyers dream house. This will really get buyers excited about your home and get it sold doubly fast. If you don’t make your house stand out, then it will just be a hot spot for open house junkies to hang out on Sunday.
You also have to determine what you want to make on your home. This could be determined a lot of reasons. Maybe you are moving into a newer home, need to sell fast to pay bills, or retiring on your own island. Whatever it is you need to figure out how much you want to make. Some sellers just need to get out of the house quickly because they are behind on payments and are facing foreclosure. So they need to price it aggressively to sell fast or contact an investor who can close fast and pay all cash. Click here for investor.
Others want to make as much as they can because they are moving into their dream home and don’t have to worry about how long it will take to sell their home. Talking with a realtor is the best way I believe to get the most out of your home, but it also can be the longest if you are really trying to get the most, like I said earlier make sure your price is competitive with other houses on the market. They can really market it well and get it out to everyone in Billings Montana.
Price it right and the home will sell. If would like any more information about selling your home in Billings Montana contact Big Sky Property Solutions LLC. They can help with buying your home, referring you to a good realtor or just giving you tips on getting your property sold faster.
Wednesday, April 7, 2010
Real Estate Wholesaling In Billings Montana
What is Real Estate Wholesaling?
Wholesaling is seeking out affordable properties and put them in the hands of other investors or buyers. For your trouble of marketing and finding the property you get paid a nice profit that is almost like a finder’s fee. The process of wholesaling houses is one of the most simple and straight forward investing practices out there.
Why in the world does the world need wholesalers?
It seems like the buyer or investor could easily search out cheap properties on his own or her own with no need for the wholesaler. These buyers often do seek out and find some properties but cannot always find the best deals out there or don’t have the time to. Buyers who seek out wholesale deals are usually always on the lookout for more properties. As a wholesaler you have to become a monster marketer. This is what separates wholesalers from your regular investors. Regular investors doing want to do the dirty work and sort through the 50 sellers calls and non motivated leads that come in a week.
Wholesalers do the dirty work of searching in every little crack and crevice to find the deals. As a wholesaler you have to be proficient in marketing, negotiating, rehabbing (because you will be flipping to another investor), if the property cash flow and knowing the market. Learn everything about real estate investing you can.
Here is the wholesaling process the simple version.
Find a motivated seller and negotiate a sales price around 40-65 percent of the after repair value (the value of the house if it were in perfect condition). We have to buy properties at this low price because we consider in rehab costs, carrying cost, closing costs, wholesale fee, and the rehabbers profit. Put the house under contract at a price that will work out with all these expenses added in.
Take the contract to a title company. Let the company know that you will be bringing in an assignment document and another copy of the purchase agreement at the time of closing.
Take the price you agreed on and mark it up anywhere from $2,000 to $100,000 (it will take some time to get a feel for what you think you can wholesale the house for quickly).
Market the property to all investor buyers, landlords and wholesale buyers you know.
Once you find your buyer, simply assign the contract to them with your profit documented as an assignment fee.
Attend the closing deal with the buyer and make sure everything is running smoothly.
Collect you check and then move on to the next deal.
The process is simple enough and can be a great place to build up cash for other investing strategies.
Keep your priorities straight.
As a real estate wholesaler you always have to keep your sellers and buyers best interests first and foremost. This helps the homeowner because you are the one doing the legal work of and saving them lots of time. The reason you are buying from the homeowner is because they were unable to sell on traditional markets and the house is in need to some tender loving care. You are helping them move the property and get rid of the burden.
Homeowners willing to wholesale property are people that have old rundown homes they cannot sell on the market without first fixing up the place. People who have inherited a house and literally have no desire for it or the carrying costs needed to keep the place. Just people who need to or want to get rid of a property. Never take advantage of anyone of these people, figure out what they want out of the transaction and help them get that.
Want to Learn More About Wholesaling and How to become the Best.
Click Here Free Guide
Click Here for Smoking Hot Wholesale Deals in Billings Montana
Wholesaling is seeking out affordable properties and put them in the hands of other investors or buyers. For your trouble of marketing and finding the property you get paid a nice profit that is almost like a finder’s fee. The process of wholesaling houses is one of the most simple and straight forward investing practices out there.
Why in the world does the world need wholesalers?
It seems like the buyer or investor could easily search out cheap properties on his own or her own with no need for the wholesaler. These buyers often do seek out and find some properties but cannot always find the best deals out there or don’t have the time to. Buyers who seek out wholesale deals are usually always on the lookout for more properties. As a wholesaler you have to become a monster marketer. This is what separates wholesalers from your regular investors. Regular investors doing want to do the dirty work and sort through the 50 sellers calls and non motivated leads that come in a week.
Wholesalers do the dirty work of searching in every little crack and crevice to find the deals. As a wholesaler you have to be proficient in marketing, negotiating, rehabbing (because you will be flipping to another investor), if the property cash flow and knowing the market. Learn everything about real estate investing you can.
Here is the wholesaling process the simple version.
Find a motivated seller and negotiate a sales price around 40-65 percent of the after repair value (the value of the house if it were in perfect condition). We have to buy properties at this low price because we consider in rehab costs, carrying cost, closing costs, wholesale fee, and the rehabbers profit. Put the house under contract at a price that will work out with all these expenses added in.
Take the contract to a title company. Let the company know that you will be bringing in an assignment document and another copy of the purchase agreement at the time of closing.
Take the price you agreed on and mark it up anywhere from $2,000 to $100,000 (it will take some time to get a feel for what you think you can wholesale the house for quickly).
Market the property to all investor buyers, landlords and wholesale buyers you know.
Once you find your buyer, simply assign the contract to them with your profit documented as an assignment fee.
Attend the closing deal with the buyer and make sure everything is running smoothly.
Collect you check and then move on to the next deal.
The process is simple enough and can be a great place to build up cash for other investing strategies.
Keep your priorities straight.
As a real estate wholesaler you always have to keep your sellers and buyers best interests first and foremost. This helps the homeowner because you are the one doing the legal work of and saving them lots of time. The reason you are buying from the homeowner is because they were unable to sell on traditional markets and the house is in need to some tender loving care. You are helping them move the property and get rid of the burden.
Homeowners willing to wholesale property are people that have old rundown homes they cannot sell on the market without first fixing up the place. People who have inherited a house and literally have no desire for it or the carrying costs needed to keep the place. Just people who need to or want to get rid of a property. Never take advantage of anyone of these people, figure out what they want out of the transaction and help them get that.
Want to Learn More About Wholesaling and How to become the Best.
Click Here Free Guide
Click Here for Smoking Hot Wholesale Deals in Billings Montana
Tuesday, April 6, 2010
Network Your Way to the Top
Network Your Way to the Top
So you want to get started in real estate investing. What do you need to be successful? The goal is to be getting in a hundred leads a month which will amount to around 2 to 3 deals. You want Billboards, Commercials, and mass mailers going to everyone in town. So what is the problem?
Oh you only have $290 a month available for marketing and a book of stamps. What do you do when you have a champagne taste on a malt liquor budget?
You must start slow and work your way up to where you want to be. Where you are right now is BROKE, just admit it. Let that motivate you to want it more. Its comfortable to be broke isn’t it, just having enough to pay the Bills, and you’re scared to getting up and change it. All your excuses for not changing are actually you just being scared. If you stay in that comfortable little box you live in, you can never truly grow.
Does this sound like you? It’s ok to admit it; no one is judging you and who cares if they do.
To get out of this rut you are in you need to become a networking machine. You need to start networking so consistently and constantly that you literally hand out 56 business cards to imaginary people in your dreams at night.
I know what you are thinking, that does not sound fun. Well how fun is being Broke? Would you rather get out of your comfort zone and grow or stay Broke. Your answer will determine whether or not you get off your lazy butt and do something great with your life. It does not matter if real estate is not what you want to do, this applies to anything.
Believe me success does not come over night. You have to pay your dues. In real estate investing your entire community needs to know that you buy houses and close fast. They need to know that you are the “Go To” person when someone needs their home sold quickly.
So how do you accomplish this feat?
Are you willing to work? How willing are you to put in 10 to 15 hour days to really get this thing off the ground? Do you doubt yourself right about now? Or are you one of those rare souls who actually will make something happen in this world?
Get out there and make some friends. To be successful you have to hand your card out to everyone. Make sure you have cards for your real estate business made up. And not cheap ones get some good cards that stand out and let people know what you do.
Believe me when I tell you for some people this can be one of the biggest challenges ever. I don’t enjoy meeting new people; I would rather just sit at home. It’s a lot easier to just sit at home and play the play station all day long. But I realized that if I want to become successful, I need to put new habits in place and get out of my comfort zone.
It’s really not as hard as you think. It will take practice and trial and error, to get it down. I just ask everyone I meet, even at subway, if they know of anyone’s house I can buy. Sounds simple doesn’t it. Make yourself up a few little pitches to people and practice them. Then go out and do it. You will chicken out a few times; I have chickened out 50 times in a row. I will tell you not one person has ever not taken my card. Some give me a weird look at first but everyone has took my card and said they would let me know if they ever hear of anyone who is looking to sell fast.
Until you have a large bank account for big time marketing, you have to network your way to the top. I would rather die doing something than live doing nothing.
Bad Investors to watch out for
Bonus material: Watch out for
#1 The Old Bait & Switch Routine
9 times out of 10 these companies (er ? people) will want to make an appointment to see you in person, and they’ll promise a cash close to get you to let them come over. But when they get there, the offer starts getting complicated.
Now all of a sudden they don’t want to pay cash. They want to take over your payments and possibly (but preferably not) give you your equity sometime down the road when (if) they sell the house. They will even ask you to deed your house over to them while keeping the mortgage in your name. My advice to you of course is to not go down this road. You are setting yourself up for certain disaster.
#2 Asking For Money Up Front: The Auction Scam
Again, Mr. I Buy Houses will promise cash close to get the appointment, but this time he will propose a much different scenario. He will tell you that what he wants to do is auction your house off for you. He is not a realtor. He is not an auctioneer. 9 times out of 10 he has never even done an auction before. He simply read about it and is trying it out on you.
The Catch: He needs money up front to do the marketing.
My Advice: Run, don’t walk, RUN to church and pray for this man.
#3 Promising Cash but Contracting For Financing
This is probably the most common trap sellers fall into. The contracts these guys tend to be long and cumbersome (ours is just 1or 2 pages in big letters) so you don t really see that they have a financing contingency checked off in there. So they tell you they’re paying cash, try to get financing, don’t get it, and then come back to you saying, sorry, we can’t close. This happens all the time. You lose 30 days of your life.
There are many more scams going on out there, but these are a few of the more common ones. My advice, Sell your house to someone who has a proven track record of giving sellers exactly what it is they want cash for their house.
If you are in Billings Montana I recommend going with Big Sky Property Solutions LLC. They will give you what you want and make the process as easy as possible. No more late nights sitting awake worrying about what is going to happen next.
#1 The Old Bait & Switch Routine
9 times out of 10 these companies (er ? people) will want to make an appointment to see you in person, and they’ll promise a cash close to get you to let them come over. But when they get there, the offer starts getting complicated.
Now all of a sudden they don’t want to pay cash. They want to take over your payments and possibly (but preferably not) give you your equity sometime down the road when (if) they sell the house. They will even ask you to deed your house over to them while keeping the mortgage in your name. My advice to you of course is to not go down this road. You are setting yourself up for certain disaster.
#2 Asking For Money Up Front: The Auction Scam
Again, Mr. I Buy Houses will promise cash close to get the appointment, but this time he will propose a much different scenario. He will tell you that what he wants to do is auction your house off for you. He is not a realtor. He is not an auctioneer. 9 times out of 10 he has never even done an auction before. He simply read about it and is trying it out on you.
The Catch: He needs money up front to do the marketing.
My Advice: Run, don’t walk, RUN to church and pray for this man.
#3 Promising Cash but Contracting For Financing
This is probably the most common trap sellers fall into. The contracts these guys tend to be long and cumbersome (ours is just 1or 2 pages in big letters) so you don t really see that they have a financing contingency checked off in there. So they tell you they’re paying cash, try to get financing, don’t get it, and then come back to you saying, sorry, we can’t close. This happens all the time. You lose 30 days of your life.
There are many more scams going on out there, but these are a few of the more common ones. My advice, Sell your house to someone who has a proven track record of giving sellers exactly what it is they want cash for their house.
If you are in Billings Montana I recommend going with Big Sky Property Solutions LLC. They will give you what you want and make the process as easy as possible. No more late nights sitting awake worrying about what is going to happen next.
Best ways to stop Foreclosure In Billings Montana
Seeing your name in Billing Gazette is always exciting, unless next to it there are the words Trustee Sale. If you do see your name there believe me you are not alone. There is hundreds of trustee sale notices given out every year in Billings Montana. I don’t know anyone who has not gone through some financial troubles at one time or another in their life time.
The key to stopping foreclosure is to take action now and find out what options you have. There are options whether you want to save your home or just want to get the property and whole situation far from your.
A loan modification is a wonderful option for anyone who no longer can afford to make their house payments. The great news is that a lot of people qualify for them. You do not even have to be in the foreclosure process to qualify or even late on payments yet. If you lost your job, had your pay reduced, some unexpected expenses came up, or just have something happen where you can no longer afford to make your payments in full. If you want to learn more about get one done in Billings Montana go to Big Sky Property Solutions LLC and they can help. There are other articles about loan modifications in detail on christopherseder.com Click Here
Another option is to call an Investor
No, not all investors want to seal your home, some do and I am hunting them down to crush them right now. Do not worry they will not be in business long. I will tell you there are some great investor in Billings Montana who really want to help you get the foreclosure stopped and help you move on with your situation.
Most investors have several creative options they can use to help with the situation you are in. The methods include short sales, lease/options, negotiating with the bank, finding a buyer, or buying your home from you. You may not know what all these mean but they can be some options to help get the foreclosure stopped and help you get on with your life.
Big Sky Property Solutions LLC is the best place to go to when looking for an investor to help you out of your situation. They will give you their honest opinion about what you should do, or how they can best help you. They have a track record with 30 years of experience in the real estate industry.
Friday, February 26, 2010
Billings Montana Real Estate Investors Club
If you are interesting in real estate investing in Billings Montana I would reccomend that you attend the Big SKy Real Estate Investors Club which meets once a month in Billings Montana. In this club you can network and learn about the ins and outs of real estate investing. They have a library of Real Estate Books to choose from. The people at BRIC are there to answer questions you have and help anyone who just asks for some real estate help. They have really great speakers every month.
Bric offers members huge discounts at local businesses. If you are doing rehab projects or a land lord this is a great bonus.
If you would like more information about the real estate world you can also go to Montana Real Estate Solutions. The site is just in the starting phase and has a lot of articles but is in the process of getting more Montana Related Articles. They have over 100 articles talking about foreclosure.
Bric offers members huge discounts at local businesses. If you are doing rehab projects or a land lord this is a great bonus.
If you would like more information about the real estate world you can also go to Montana Real Estate Solutions. The site is just in the starting phase and has a lot of articles but is in the process of getting more Montana Related Articles. They have over 100 articles talking about foreclosure.
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