Posts Tagged ‘invest in real estate’

Things are still pretty darned good for buyers these day’s. Interest rates are really low, Prices are really low, Inventories are huge,  Seller are more desperate than ever with really long market times on there homes.  The ones that can’t hang end up going into short sale status, and others are forced into foreclosure’s.  This is a buyer dream market, but how long can it last. Now they have the tax credit extended till April and its not just for first time home buyers anymore. And you don’t have to close by the end of April just be in contract by the end of April. How much better can it get???

How about all the above and top it off with working with a company that is based on experience working with High Value Low Priced homes.  At Equity Magic Realty, we have been specializing in Great Deals for our clients long before the market shifted.

Right now there are so many Short Sales and Foreclosures the every agent out there had to go take a cram course’s and become a self proclaimed expert in the field of Distressed Property overnight. Wow it’s pretty amazing how many experts and #1 agents there are out there right now, holy cow.   And you watch, when the market someday shifts back to a strong Sellers market they will all be back to their old ways of nose in the air hoytie toytie….only dealing with high end waterfront homes and high rise condos.

Well OK…..when that happens we will again stand alone as the areas only company that has dedicated itself to finding the best values on the market for its clients,  not the highest commissions like all those self proclaimed #1 agents in the state.  We work hard for our clients no matter what the real estate climate is currently like. We will stick to what we know and that is finding best deals on the market for our clients and helping them achieve their goals of home ownership and real estate  investment.

We don’t claim to be #1 but we do promise this….to always place our clients best interest above our own, that is the motto we live by and it is our promise to you.

Talk again soon

Jim St John
Broker/Owner
Equity Magic Realty

Technorati Tags: filp that house, flipping, Foreclosures, housing, invest in real estate, loan mod help, mortgage, REO, sales, Seattle, seattle distressed property, seattle fixers, seattle loan mods, Seattle Short Sales, Seattle Wa Foreclosures, short, stop foreclosure

Many real estate investors make $5,000 to $10,000 or more by
flipping houses. These investors buy a home from a distressed
seller and resell it quickly for a profit. Just because a seller
has serious problems like a pending foreclosure or divorce
doesn’t mean the house is a fixer. Many distressed sellers offer
prime houses in perfect condition discounted for a quick sale.

Distressed sellers jump at the chance to get out from under
their overwhelming problems with an offer to close in ten days.
To purchase a home quickly, you need to be prepared to offer
cash or a have secure loan in place with a reliable mortgage
lender.

Other real estate investors prefer to buy fixers from distressed
sellers. Distressed fixers present the best investment to make
the highest return on your money. For instance, if you put 5%
down on a $200,000 home, spend $5,000 fixing the house up, and
another $3,000 in payments, your cash investment totals $18,000.
If you sell the home for a $70,000 profit like many real estate
Fixers, you can see that your return on your investment of
$18,000 for two months exceeds most other types of investments.

This investment plan assumes that you have the knowledge and
skills, time to work on your fixer, and that you sell the house
as soon as its finished to a qualified buyer. Home improvement
centers help you with how-to classes, brochures, and advice. You
need to give up your free time–TV, parties, leisure activities
and work on your fixer. You could hire workers, but contractors
and laborers work slowly and eat up your profits.

The last part of the equation, selling your house quickly to a
qualified buyer means you need to do your homework. Many
investors seek free help from a loan officer to price the house
right and to qualify their buyers. These investors earn the
sales commission by selling their houses by owner.

The most important issue, how you fix up your house, ensures
that you quickly attract a buyer willing to pay top dollar for
your transformed property. Investors using Design Psychology
strategies for fixing houses sell their homes, for more than the
asking price, three hours after putting the yard sign out.

Whether you want to make money investing in real estate by
flipping or fixing houses, you need to understand your market.
To get started in your real estate business, go house shopping.
You’ll soon learn how to pick up a flip or a fixer and be on
your way to making a high return on your investment capital.

Copyright (C) 2005 Jeanette J. Fisher. All rights reserved

Jeanette Fisher
http://www.articlesbase.com/business-articles/fixing-and-flipping-houses-for-high-return-on-investment-capital-1484.html

Technorati Tags: filp that house, flipping, Foreclosures, housing, invest in real estate, loan mod help, mortgage, REO, sales, Seattle, seattle distressed property, seattle fixers, seattle loan mods, Seattle Short Sales, Seattle Wa Foreclosures, short, stop foreclosure