Real Estate Buying Mistakes

1.      Not doing proper research and not knowing what you can afford - Make a list of all your monthly expenses (excluding rent), including vehicle costs, student loan payments, credit card payments, groceries, health insurance, retirement savings, and so on. Use a mortgage calculator to research current interest rates. This will give you an estimate of what your total mortgage payments will be. It is important to have a budget, know what you can afford, and find out how much a bank will lend you before you start shopping for your first home.
2.      Not considering other expenses like paying property taxes, insuring your home against disasters, and making any repairs the house needs.
3.      Being too choosy about the property as being first time home…

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Real Estate Marketing To Millennials

The core group of Millennials (less than 35 years old) are the ones most likely to need a place to either lease or purchase. Many of them are beginning to buy their first homes and invest in real estate for the first time. As a real estate agent, marketing to Millennials should be among your top priorities. You must begin building marketing campaigns that are specifically targeted toward this powerful group.

When marketing to Millennials, consider these important points:

1.      A good percentage of the millennials are likely to use a Real estate agent. But they may be harder to please, compared to other generations.
2.       Millennial home buyers would hire their agent again or refer them to another.
3.      Millennials are more into social media…

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Real Estate Investing Ideas When Buying A Property In Edmonton

Real estate is generally a great investment option. It can either generate passive income and can also be a good long-term investment if the value increases over time. However, you need to make sure you are ready to start investing in real estate as one will need to put down a significant amount of money up front to begin real estate investing. Buying a home, apartment complex, or piece of land can be expensive.

Here’s what you need to know about real estate buying:

1. Planning out all of your expenses: When investing in real estate you need to consider the cost of taxes, utilities, upkeep and repairs.  It is also important to have insurance on the property (and plan for the cost). You should also be prepared to deal with additional costs and other…

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Real Estate Sales

Real Estate Sales can be broadly described as renting, buying, or selling property for clients. The tasks under the real estate sales are study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer. The Real Estate Sales agent provides a sounding board for the needs and desires of the buyer or seller and uses this information to develop a selling or buying plan for the client. 

While purchasing a property the Real Estate Sales person helps in showing the property which is on the market and then later negotiating a good deal which is beneficial to both the buyer and the seller. Similarly, the Estate Sales agent assists the…

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Spotting A Good Real Estate Agents When Buying Or Selling Your Home

A person who sells and rents out buildings and land for clients is known as an estate agent. Real estate agents are licensed professionals who arrange real estate transactions, putting buyers and sellers together and acting as their representatives in negotiations. Due to many new property laws, the modern real estate agent has become an invaluable resource for those looking to find, evaluate and finance real estate. Often acting as a mediator between the various parties involved, a real estate agent is required to be licensed for the state in which they operate, ensuring they are competent as well as trustworthy. And this process has evolved in recent years, now containing more rules and regulations to protect consumers.

A real estate agent has the…

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Understanding Real Estate Law

Real estate law is the law that governs buying, using and selling of land. This law governs how people acquire property and what they can do with the property that they own. Real estate law is also called real property law. Real estate law directly or indirectly impacts most of us on a daily basis, affecting homeowners, renters, landlords, home buyers and home sellers. Real estate law is called real estate because it’s about real property.

Real property is land as opposed to personal property which is objects. Fixtures like buildings or other large structures are also a part of real property. There are many different aspects of real estate law like deeds, titles, purchase financing, zoning, taxes and estate planning. Lawyers practicing Real Estate…

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Real Estate Marketing Tips For Realtors

As a real estate agent, one of your most important roles is that of a marketer. You are marketing your clients' properties. You are constantly marketing yourself and your services. The competition is fierce, and these days you’ll need expert online and offline marketing skills to set yourself apart from the pack

1. Social Media Strategies - Nowadays social media plays a very important role in Marketing. Make sure you have social media accounts on all the big networks (Facebook, Twitter, Instagram, Pinterest etc.) Interact with users to promote your properties.

2. Print Media Strategies - Online marketing goes hand in hand with the traditional print marketing. Handing out an impressive business card goes a long way.

3. Networking with other…

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How To Make Digital Staging Work For You When Selling Your Home

Digital staging is becoming much more common because it gives home buyers a chance to see a fully-staged home in photos online and it’s a lot cheaper and easier for sellers and agents to stage a home virtually than it is to stage it digitally. When you use virtual staging you can use exactly the right size and type of furniture and decorations to suit the space without worrying about what items you can find or rent that will show that space off in the best possible way. If you haven’t used digital staging yet or you’re not sure how to use it with your existing listings here are some tips:

Use A Reputable Staging Company

When you’re adding virtual staging to your listings you should be sure that you’re working with a company that has experience and a…

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Selling Your Old Home : How Fast Fixes That Make Older Homes Look Great To Buyers

Selling an older home can be a big challenge. These days buyers are watching real estate shows on TV and browsing listings online and those things are raising their expectations when it comes to buying a home. While buyers might want a fancy new build with high-end finishes they may only be able to afford something a little older. They might get frustrated at the mismatch between what they can afford and what they want. Sellers too can be frustrated when their older homes that have a lot of square footage but don’t have high-end finishes sit on the market. There are some fast fixes that sellers can do to give older homes the look and feel of a newer home that will make their homes more appealing to buyers like:

Paint

Painting is an easy and…

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How These Home Improvements That Give Sellers The Best Return

These Home Improvements Worth For Sellers When Selling Home

When homeowners are ready to sell their homes they usually want to do just enough updating and remodeling to make the house more attractive to potential buyers. They don’t want to spend a lot of money on improvements or upgrades that aren’t going to result in more interest in the house or getting a higher price for the house. When sellers want to pick the improvements that are the best ones to spend their money on to increase the resale value of their homes, they should focus on these:

Adding Square Footage

A great investment for homeowners that want to get the best return on their money is to add usable square footage to the home. This can mean finishing the basement or attic and…

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