Getting Your Home Ready For The Real Estate Market

When you are considering selling your house, you need to get your house ready for potential buyers. There are hundreds of homes on the market at any given time; therefore, you need to do everything you can to make your home stand out against the competition. The following article offers many tips to help get your home in tip top shape for the real estate market.

Personal Effects:

Potential buyers want to see your home, not your personal momentoes. Therefore, it is important to remove all personal effects from your home. This includes all family photos, knick knacks and trophies. By removing your personal effects from the home, you allow potential home buyers an opportunity to imagine themselves calling your house their home.

Pets:

Your beloved family pet can cost you a sale. Many potential home buyers have allergies and do not want a home where a pet lives. To help you get the most offers on your house, remove all pet items from sight and take your pet with you while the house is being viewed.

 

Brighten Your Home:

Buyers want a home that is bright and cheery. Open your blinds and curtains to allow the natural sunlight to filter in through your windows. One easy way to increase the amount of light coming into your home is to remove your window screens. Window screens block a lot of light from coming into your home; so, removing them will increase the amount of light that enters your home.

Clean Your House:

A clean and tidy home is essential when it comes to selling your home. Buyers seem to think that a home that is clean and tidy is a home that has been taken care of. One of the best things you can do before putting your home on the market, hire a professional cleaning crew to come and clean your home from top to bottom. When talking with the cleaning crew, ask them if they will wash your walls, shampoo your carpets and clean your windows. All of this will help ensure that your home is ready for potential buyers.

Clean Your Closets:

Potential buyers want a home that has ample storage space. Most of the time, buyers will want to peek into your closets and attic to see the amount of storage your home offers. So, it is important to showcase your storage. One of the best ways to do this is to remove any excess items and clothing from your closet and store them off-site.

Declutter Your Rooms:

You need to show buyers how roomy your home is. One of the best ways to do this is to remove any unnecessary items from each room. Clean off your counters, clean off your tables and remove any excess furniture from your house. Decluttering is more than picking up clutter; it is removing any unnecessary items from your home.

As this article has shown, there is a lot involved when it comes to getting a home ready for the market. Use the information in this article to help get your home ready for the real estate market. Happy selling!

How to make money in real estate: 6 essential tips

 

Knowing how to make money in the real estate market requires patience and planning. This is because this scenario varies according to the law of supply and demand, in addition to depending on the consumption relationships themselves.

Thus, the objectives of buyers or families looking for residences to rent end up influencing the high-rise properties to invest, based on the size of the house or apartment, the most sought-after neighborhoods and, also, the regions on the market.

Check out our article, learn how to check these issues and learn how to make money in the real estate market. Come on!

1. Try to understand the market

The essential tip for those who want to invest in the real estate market is to know this universe, precisely to assist in making the best decisions: a good investor, for example, knows that buying real estate in times of crisis can bring great profits, considering the natural decrease in prices of apartments and houses.

For this reason, it is important to try to understand the market, observe the developing regions in your city , research about the average prices requested in the most different neighborhoods and seek information about new developments, such as major shopping malls and reforms in important highways or roads.

Keep an eye on these issues, talk with understands and don't be ashamed to get your questions answered. Be proactive and know that this first tip can make all the difference in the real estate investment business.

2. Form an investment group

A good suggestion is to bring together people who understand different subjects to form a multidisciplinary investment group. Talk to that lawyer-in-law, your husband's friend who is trained in accounting, use your architecture knowledge and complete the team with your cousin who works in the financial investment sector.

It is not necessary to have experience in the area, but to rely on goodwill and act with a common objective, that is, to seek to produce positive results in the real estate investment sector. There is a popular saying that two heads are better than one and, in this case, the more members make up this group, the greater the chances of good real estate deals being made.

3. Invest in land

Land investment is one of the best possibilities in this sector, as they are great generators of wealth. This means that, if you choose the right region, a small investment of R $ 10,000 can generate millions in your account in the future. That's right!

As the real estate market in Brazil experienced an important recovery this year, large construction companies started to sell more projects in the plant. Thus, buying land in neighborhoods with potential for growth or close to large shopping centers can generate a good profit in a subsequent resale, mainly for construction companies that wish to invest in large lots.

4. Assess investment in real estate at the plant

The investment in real estate in the plant is constituted by a certain risk, precisely because there is a possibility that the enterprise will not become so attractive in the eyes of the consumer. Therefore, buying a property in the plant for a future resale or, even, for its lease, needs to be a thoughtful attitude.

In the same way that the investor must pay attention to the development of the neighborhoods of his city as a way to choose the best enterprise to invest, it is necessary to evaluate all the details of the new condominiums, houses or apartments.

If the intention is to put the property for rent when ready, it is worth analyzing the infrastructure of the region - if there are shopping centers, pharmacies and markets in the vicinity. In the case of condominium developments , also evaluate the benefits of this location for the consumer. If your purpose is to make a future sale, wait for the delivery of the keys. During this period, the search for developments increases and, with it, the price of real estate.

5. Know the importance of investing in used houses and apartments

There is a television program in which two brothers - an architect and an engineer - are looking for used properties in less than good condition in order to buy and renovate them. In the end, the duo resells the renovated houses and puts the values ​​on paper: the profit is certain, even after the expenses with the renovation are accounted for.

This same tactic can be used by real estate investors. However, it requires technical knowledge of the construction industry and, if you need to hire a professional, the costs can be even higher.

It is worth a try: look for older properties and in less-than-adequate conditions precisely because their price will be lower, plan a good renovation, and then resell or lease. Either way, the chances of getting a positive return are high!

6. Build real estate to make money

Finally, the construction of houses, kitnets, commercial establishments or even small apartments appears as an idea that requires more investment, but that, on the other hand, makes great profits possible. The purpose of this construction can be resale or lease, to guarantee a monthly income.

If your intention is to guarantee a good flow of money per month, either for retirement or for the payment of other debts, the tip is to put the built property for rent. If your goal is to guarantee a high amount and at a single time, the sale of the project appears as the most correct decision.

Therefore, investors with good savings end up choosing to build real estate. If you have that option, go ahead and don't regret it!

Knowing how to make money in the real estate market is not a simple task, but neither is it an impossible task. If you are interested in this sector, seek to understand about the market, form an investment group and understand the benefits of each type - namely, the purchase of land, old properties and developments in the plant and also the construction of houses or apartments. Evaluate the best time to invest and reap only positive fruits!

Interesting the information covered in this article, isn't it? If you have any questions, leave your comment in the post and we will respond to your request!

How do profits from real estate investments work?

The many advantages that real estate investments offer to its investors are responsible for the great popularity of this market. Between the security that these applications provide to the invested assets and the diversity of business options, the aspect that most calls the attention of those interested in making their investment in real estate is, certainly, the good potential for profitability.

Therefore, knowing how to calculate the profit of real estate investments is essential for the investor to be able to analyze his business opportunities and choose the ones that have the greatest chance of success. However, many people still have difficulty finding the profit margin for their applications and understanding the real profitability of their investments.

 

To help with this process, we will explain below how to calculate the profit of your real estate investments to facilitate the planning of applications and to leverage your business decisions. See below how the calculation of profit and profitability of properties for sale and for rent works.

 

How to calculate the profit of a property for sale?

For a property purchased for R $ 250,000.00 and sold after a period of 5 years for R $ 300,000.00, for example, the net profit of the investor will be R $ 50,000.00 - of which taxes and taxes that must be discounted, we will not consider them because they are variable values. To know the profitability of the business in percentage points, the process is also easy: just multiply the sale price by 100, and then divide by the amount paid for the property.

 

In the case analyzed, the solved calculation points out that the return on investment would be 120%. In other words, you received 20% of the property's initial value for profit, a 4% rate of return for each of the 5 years.

 

How to calculate the profit from rental real estate investments?  

The calculation of profit from real estate investments for sale is, in theory, quite simple. To find out what the net return on the application is, you must reduce the initial investment cost to purchase the property from the price at which you sold the property - or the amount you expect to negotiate.

In rental properties, calculating the profit from real estate investments may seem a little more complicated, but it is essentially the same procedure. In this case, you must consider the rental price in lieu of the sale price of the property to make the account.

 

Using the same example of a property purchased for R $ 250,000.00, let's assume that the owner obtained a lease for R $ 1,000.00 per month. By multiplying this value by 100 and dividing by the price paid in the account, we find the result of a monthly return of 0.4% per month.

 

Multiplying by 12 (the number of months in a year), we now know that the annual profitability of the business is 4.8% - more than what was perceived in the example of the sale of this property. With that, we can now calculate the return on investment.

 

We call the return period for real estate investments for lease the time necessary for the return received with the rent to offset the amount invested - that is, the profitability reaches 100%. With the rate of 4.8% profit per year, we divide 100 by this amount. As a result, we concluded that it will take more than 20 years for the rental amount to reimburse the investment cost.

In this case, it is important to remember that your profit should not be considered only on top of the return from the lease, as you still hold the value of the property itself. If you decide to sell this property after 10 years, for example, the return on the rent would not have been able to cover the investment made to acquire the property. Does this mean that the deal was unsuccessful and you lost money?

 

No. Even considering a scenario where the property price has depreciated - although the trend is for the value to remain stable or even to increase in value - your return will still be quite positive. For calculation purposes, we will consider a 10% depreciation in relation to the value of your investment.

 

In this case, you will sell the property purchased for R $ 250,000.00 for R $ 225,000.00. However, over the 10 years that you rented the space, the property was able to generate R $ 120,000.00 in monthly income for you. In this way, your business was a success, with net profit of R $ 95,000.00 - or profitability of 38% of the amount invested initially in 10 years. For this reason, rental property investments are considered long-term investments, as they have the potential to generate income for many years.

 

How to start a real estate business?

How to start a real estate business?

 

Starting a real estate business is not for the “faint of heart”. What other industry requires you to capture dozens of leads every day, knowing that you can close no more than five transactions in your first year (if you're lucky)?

By most estimates, 87% of real estate agents fail in the first five years. But for those who have what it takes, starting your own real estate business can absolutely give you the seven-digit reward of your dreams.

 

Plan like a real estate business boss

 You know the old saying about not planning, right?

 

The vast majority of real estate agents find it much easier to work in their own businesses than for others. For many new agents, the real estate sector is their second, third or even fourth career.

You loved the idea of ​​"being your own boss" while realizing that you do more than you did at your last job. But freedom has a very different meaning for an employee versus an entrepreneur.

 

1. Create your ideal personal plan

 Before setting the right financial goals for your business, you need clear financial goals for your life.

The commissions are great, but - let's face it - we all got into this business wanting something bigger and better than what we have now. Whether it's the yacht of your dreams, or the possibility to leave the office at two in the afternoon so you can pick up your kids from school. Take time to think about what your ideal life would be like.

 

Find out how much you need to set aside each month for this to happen. It is much easier to keep answering that phone when you know exactly where your profits and commissions are going .

 

 

2. Align your business plan

 Now that you've put your pen on paper to find out exactly how much your paycheck should be for the life you intend to have, it's time to talk business.

 

Start writing your business plan, paying special attention to the things that set you apart from other real estate businesses in your area. Think a little. This is where your personal and business identities can really come together to create profit-driving magic.

 

Even if you are just looking to take the administrative work out of your duties by hiring your first virtual assistant, it is essential to create this overview to keep your team inspired and to avoid repeating unproductive patterns.

 

3. Build a Consistent Marketing Plan

 In the beginning, it was all about passing CRECI, selecting your best-fit broker and building your database without looking like a “salesperson” to friends and family in your sphere of influence.

 

But stepping back and stopping as soon as the recommendations start to appear, is one of the biggest mistakes that growing real estate agents make. Whether your dream is to become the next Facebook ad guru or a Google Ads conversion master, the only thing you really need to know about marketing is that it is the only part of your business that never sleeps.

 

Train your brain how to think strategically about what's going on in your market and be ready to offer something of value to your leads, no matter where they come from.

 

 

4. Create a website

 For 44% of all property buyers in the online world , the first step they take is an online survey.

No matter how much local marketing you do, you need a web presence to attract more leads in the web universe. It can cost a little money up front, but a solid website, focused on SEO (organic reach in search engines), which allows you to integrate ads from other portals and insert leads directly into your CRM, is a crucial basis for every business successful real estate. After enabling this feature, you can start moving towards a consistent blog and social media strategy to generate more leads.

 

5. Consistent prospecting

Shiny object syndrome is a major problem in the real estate industry. But the most consistent agent always wins. So, choose your prospecting system and follow it.

 

In the early days, it is never a bad idea to optimize your historical contact base. The Atlanta-based Graham Seeby Group transformed a list of just 279 contacts into $ 90 million in home sales in just four years, that is, segmented an appropriate base for its business model.

 

 

7. Get organized

 At the end of the day, a company is a system, that is, it involves processes, inputs and outputs.

Barry Jenkins is the owner-broker of the Better Homes and Gardens Real Estate Team in the United States. He's also a guy who doesn't appreciate inefficiency. “I, due to a failure, like to make things easier. The reason my business is so successful is that it was built on the basic principle of leverage. ”

 

To bring this principle to life, Barry uses his CRM as a true lead conversion machine. It guides the relevant incentive campaigns based on the source of the lead (social networks, telephone, offline media, among others) and automates the entire transaction process.

 

8. Have good time management

 If you're like most of us - real estate agents - a big part of the dream is to have more time and energy for the things that really motivate you.

 

But most agents who propose to build a real estate business did not consider this in the plan. They end up generating a “revolving door” for team members and have to roll up their sleeves and try to overcome the operational problem of day-to-day business. But do not need be like that!

 

For automation experts like Barry, the desire to regain time for both him and his team was a key motivation. "I had to find a way to add so much value to my brokers that they wouldn't leave and, in the process, figure out a way to free up some time so I could focus on my family." That's where automation can make all the difference.

 

When you reach the point of being responsible, not only for your own success, but also for the success of your team, it is extremely important to give them every chance to win. Let automation take on some of the heavy lifting so everyone can focus on what matters most.

 

 

Did you like the tips? Share this post with a dear friend, a partner or potential partner, and win in your real estate business.