The Importance Of A Good Real Estate Investing Guide

It’s no surprise that the foreclosure market is at an all time high as it seems that more and more properties continue to face home foreclosure. Because of this increased volume over the past few years and the resulting opportunities the need for a real estate investing guide in foreclosures is tremendous.

Short sales are starting to be more and more attractive when purchasing a foreclosure because there are offered huge discounts. Any real estate investing guide admits that the market has been taken to a new level as there are more and more investment opportunities popping up everywhere. Thus, it is very important to have the correct knowledge and the best real estate investment guide when such opportunities present themselves. That is why we created a special foreclosure list providing step-by-step information to guide you when buying foreclosure properties.

The investing process contains three steps, such as pre-foreclosure, foreclosure auction, and bank owned properties REO. Each of these steps in the investing process can be extremely profitable in case you understand every different stage and use creative investing techniques. This real estate investing guide has the purpose to prompt your attention on the importance of successfully find foreclosures in each stage, creatively finance them, and finally profiting from each deal. You need to be aware of the bank foreclosures, real estate short sales and many more others. The greatest thing about the real estate investment guide is that the strategies presented can be used anywhere in the U.S. A.

There is no doubt that investing in pre-foreclosures with short sales has never been a better deal. Anyone interested in real estate investing should be introduced to a creative technique known as the real estate short sale. Short sales make it possible for the real estate investor to discount the loan from the lender. This technique should be very well studied in case you want to be competitive on today’s market.

The real estate auction is also called the foreclosure auction and can be quite a rewarding thing for those that do their homework good. There are great investment opportunities that offer discounts as much as .50 on the dollar. If you buy foreclosure at such an auction, you must know the steps involved in order to have a good experience.

Bank owned properties are generally called REO’s (real estate owned) and they are one of the most common foreclosure investment practices today. These properties are actually homes, which have gone through the foreclosure auction and as there were no bids, they have eventually become a bank owned property. Make sure you search for this in your real estate investing guide if you want to be on top of the real estate market.

The real estate investing laws for are different in every state and in a continuous changing process. It is important to note that when you begin to invest in real estate foreclosures you need to understand the real estate laws and procedures applying in your area.

Thus, if you are ready to make money you definitely need to consult a real estate investing guide that will teach you about the proven systems used by professional investors to invest in real estate foreclosures. Whether you are buying a foreclosure for yourself or as an investment, the information provided in the guide will definitely help.

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Fiis Raise Stake In Real Estate Stocks

The booming real estate market has caught the fancy of foreign investors and they have raised their stake in a majority of realty firms listed on the bourses. However, some analysts believe these stocks are among the most expensive in the world.
An analysis of the holding pattern of foreign institutional investors (FIIs) in 22 major realty firms shows a majority of them raised stake in the April-June quarter compared with their stake in the previous three-month period.
FIIs increased their stake in 15 companies, including Unitech, Ansal Housing, DS Kulkarni and Indiabulls Real Estate. However, they decreased their holding in seven companies DLF, Atlanta, Era Construction, Lok Housing, Mahindra Gesco, Madhucon Projects and Unity Infrastructure.
The real estate sector in India has witnessed a boom in recent times led by an increase in purchasing power of people, relaxed lending norms by banks and housing finance companies and the growth in retail and IT sectors.
The buying of shares by FIIs in these companies comes at a time when a few analysts believe the country’s realty stocks are among the costliest in the world.
Global investment services firm Standard & Poor’s has said real estate stocks in India are the most expensive and give lower returns than most emerging and developed markets such as China, Singapore, Hong Kong and Australia.
A comparison of price to earnings (P/E) ratio of stocks from various countries showed that valuation of property stocks from the US and the UK moved lower, while those from emerging markets such as India continued to grow.
The P/E ratio is considered a valuation benchmark of a stock, where a higher ratio indicates an expensive stock, while a lower P/E ratio signifies a cheaper stock.
FIIs consolidated their stake by an average of 1-2 per cent, except Indiabulls Real Estate, in which their holding jumped 6 per cent to 44.96 per cent as on June 30 from 37.34 per cent at the end of the previous quarter.

What Is the Best Real Estate Website Design?

Aiming for the best real estate website design is what every realtor should aim for. Building a real estate website is not enough, it should be well-designed in a manner that will bring you profit as what you are aiming for in the first place. The best real estate website design will give you an edge over your competitors because you’ve designed a website that will help your visitors find what they need easily. People that go through your website should have a great user experience, this way they will not leave your website unless they found what they need and they are done with their purpose.

Best Real Estate Website Design Elements and Integrated Features

Clear Navigation Bar – Design your website in a way that the navigation bar is easily captured by your audience. This helps them find what they are looking for. They can easily learn about your business by going to your “about us page”. People can quickly decide which property to buy once they easily found all the information they needed. Of course, your navigation bar should be placed at the top of your website. Exception the rule is your landing page. Your landing page shouldn’t have a navigation bar to make your audience focus on the information you want them to see.

Virtual Tours – It will be great if you have integrated your website with a high-definition virtual tour. The images and videos that show the whole property and its neighborhood thrilled the buyers. It is nice to show your visitors around without bringing them to the actual place. It will save you time and money. You can get more page views with this feature and leave visitors satisfied. You can ask a professional help to do this for you.

Lead Capture Form – No one can deny the importance of lead capture form in every real estate website. Unlike other niche, real estate website visitors want to subscribe to a newsletter because they want to be notified from time to time on a new listing until they have found what they are searching for, so come on and design a lead capture form that will lead your visitors to sign up. It should be attractive enough to catch your leads attention. The wordings should be carefully chosen. You shouldn’t just simply tell them to sign up here, click here or go here. You should at least explain what they are getting if they do so. It will also be handy to have a telephone number inclusion optional in your form. Always test your form so that you are not missing any leads.

In short, the best real estate website design has the elements and the features integrated therein that makes the life of the prospective buyers easier in choosing a home. A well designed website also helps you and saves you a lot of time and money convincing your leads to get the property because the property will speak for itself with the help of your easy to navigate real estate website.

The Best Real Estate Website to Use

With thousands of Real Estate websites out there, finding the right one can be challenging. Do a search on Google and you get hit with the most popular Real Estate websites, like Zillow, Trulia, and Refine. Once you get past the first page even the less popular sites now have the same home search features. So how does a home owner or home buyer to know what site is best. Before you choose you first need to understand a little more about how they all started and what they really are.

For many years if you were in the market to buy a home you had to go to the local Real Estate office in the area you wanted to buy a home in and ask to see a list of homes for sale. This list was a print out of the homes for sale from the local Multiple Listing service (MLS). The list gave you basic information about the homes and some marketing remarks. You scanned through it and then asked for an agent to show you the homes you thought you might like.

This was great for Real Estate agents because as harbors of this information, the buyers had to come to them. It also gave the agent a chance to show the homes that the agent themselves were listing first. For the buyer this wasn’t so good. It was hard for the buyer to tell if the agent was there to represent them or the seller and if they wanted to look at homes in more than one town they may have to go to other Real Estate offices to see list from other MLS’s. These lists could also be out of date and when you did find the home of your dreams it may already be sold. This process could take a long time and be stressful for even the most seasoned buyer.

Fast forward a decade or two and some important changes have happened. The MLS went digital and consolidated into larger MLS companies that covered even larger areas. Here in Western Washington we now use The North West Multiple Listing service (NWMLS) and it covers all but two counties; Clark and Clallam. In the 90’s the internet brought the first Real Estate websites. Most of these showed the homes listed by the agent/agencies that owned the website and were not updated very often. Some of the bigger Real Estate agencies, the ones that had the money and resources, started building home searches tools using data directly from the MLS. Now, for the first time, buyers do not have to talk to an agent to find homes for sale and can get even more information (pictures, schools, map locations and up to date status).

Nowadays the price of producing these high quality websites has come down to the point where the average agent with the right skills can build their own. We now see an explosion of Real Estate websites and it seems most of them have home search features. This leaves buyers confused on which website to use.

Now that buyers can get information from just about any Real Estate website, what should they know before picking one? First, here in Washington State any licensed agent can show you and represent you on any home listed on the MLS no matter what website you find it on. Most of these websites have a mobile application or are mobile friendly. While most buyers begin their home search on the internet what they don’t understand is that that website you use to look at homes is a lead generation tool for the agent. The buyer is trading their contact information for the use of the website.

This is not a bad thing. If you really want to buy a home then you will need your questions answered, help finding financing, an agent to open doors for you, someone who understand the paperwork and can help you with the negotiations, and a trusted agent to look out for you in the closing process. That can only happen when you talk to an agent. Which agent you get is the important part. And that’s where finding the right website comes in to play. The buyer should use these websites to find out more about the agent they might want to represent them. Finding out more about the agent before getting involved with an agent is the key to achieving your goals of buying or selling a home.

What you should be looking for is what the agent’s experience is in Real Estate? Do they work full time as a licensed Real Estate agent? What is their closing success rate? Do they guarantee their services? What do past clients have to say about the agent’s service? These questions can sometimes be found on the agent’s website but if not you should ask on the first contact with an agent. Now that you know how they started and what they are, how do you choose the right website for you? First, let’s talk about the differences in these websites. We can break it down to four types.

The first type is the big non brokerage sites like Zillow, Homes.com, Realtor.com and Trulia. These sites don’t have agents working in the field. What they do is sell the leads that register on their site to agents who hope to convert the lead into a customer. These website have worked hard to make sure home buyers find their site first. They have added a lot of nice tools that estimate home values or mortgage calculators and all the information they can get on just about every home in the US and some other countries. They get most of this information from public record and what some home owners may give them. The down side to these sites is that the information they used can be out of date or inaccurate. Take the home values for example, because they get the sold data (what homes in the same neighborhood sold for) from public records not the local MLS their numbers can be behind the market trends. In the world of Real Estate we only look back to the last six months to help us determine the value of a home. While the sale price of a home may go in the public record right at closing, it can take months to filter through the system before these websites can encompass it into their data and that will throw their numbers off. There is also a question about like kind homes. When a Real Estate agent or appraiser does a comparable market analysis (CMA) of a home’s value, they look for homes just like the subject home (the home that is being valued) same size, same bedrooms, same baths, same size property, same neighborhood and same condition. This can be a bit of an art and the question is can a computer do as good a job as an agent? This can leave home buyers and home sellers confused about the true value of a home.

I would like to take this opportunity to weigh in on home values. In a free market, like ours here in the US, the true value of a home is exactly “the highest price a buyer is willing to pay and the least amount a seller is willing to take” for any property. It is only when a property is sold that the true market price can be set and everyone else, Real Estate Agent, Appraisers, County Assessors and any website, is only making an estimate or guess.

The second type of Real Estate websites are the big and medium size brokerages like Re/Max, Windermere, Coldwell Banker, Century 21, RedFin and ZipRealty. These companies have multiple brokerages in many locations throughout the US. These Real Estate companies have agents who work for the brokerages directly, usually as independent contractors. Leads or potential customers who register on their sites are assigned out to the individual agent or sometimes sold depending on the companies polices. These companies take a large part on the agent’s commission or pay, with some of them taking 60% or more. This means the agent has to work harder to convert as many leads to customers as possible just to make enough money to stay in business. Sometimes these agents take on more than they can reasonably handle leading to poor customer service or a higher transaction failure rate. Some of these companies give the buyer a rebate. This rebate comes out of the agent’s commission and can make it even harder for agents to provide good service to their customers. I have heard a lot of complaints about agents that disappeared once a contract is signed or agents that refuse to show homes to buyers that are looking at homes in the lower end of the market yet they still want to write up the contract and get paid a commission.

The third type of Real Estate website is the small or independent brokerages. These companies are usually owned and operated by seasoned agents who have the skill and knowledge to build a good quality website and provide good service to buyers and sellers alike. You will find the same home search tools and email notifications as on the big sites and because these sites serve local communities, many times these sites have more information about the areas they serve and consumers can read more about the agents that they may want to use in buying or selling their homes. These companies can have one or more agents working together as a team or as independent agents and usually have a higher successful closing rate. What makes these sites the best choice for home buyers or sellers is the agents that come with them.

The fourth type of Real Estate website is the independent agent website. These websites are built by the individual agent or a third party on behalf of the agent. They can be as good as any of the bigger commercial sites depending on the skill, time and money an agent is willing to put into it. These agents can be very good agents yet most of them are little more than one page public resumes put out by agents hoping to attract buyers or sellers to the agent it is promoting.

So in considering a Real Estate website, buyers and sellers should keep in mind that a website is not going to help you buy or sell your home, it’s the Real Estate agent. The website is a way of seeking out the right agent to do the job. Think of it this way, since you can get the homes information from just about every website now what value are you getting from a website? The value is in the service you get from an agent who may save you time, money and keep you from the heartache of a bad deal or bad service.

Real Estate Agents: Who Are They Working For

Many investors today have been looking in different areas to invest in. The majority of time you have to find a new real estate agent in that target area that will fit your needs.

Every time I drive by a house there is a for sale sign with a real estate agents information on front. I have tried to call these agents numerous times to check out these properties. Real estate agents usually respond within about a week. I can understand they are very busy and have to find time. Lately I have been getting responses back after three weeks. That is plain ridiculous and at that point they should have not called back at all. When you are talking to an agent if you are polite they will usually tell you why it took them so long to call you back. The main reason is the overwhelming number of bank owned properties. It is getting to the point that real estate agents have minimal time to deal with their clients at all. The banks require so much leg work many agents don’t have time to sell. They only have time to list and watch the bank owned properties they control.

A real estate broker friend of mine has a small office where she is the only agent. She has over fifty bank owned properties that she is listing. She had to hire three people just to manage all of them besides working sixteen hour days herself. The worst part is that she has barely sold anything.

It is getting to the point that these real estate offices just keep on getting a larger and larger inventory of listings without selling anything. It almost seems like they like to accumulate the darn things.

These banks are putting such a burden on these real estate agents. They should at least listen to the agents so they could move the properties. Of course, they don’t listen and they overprice everything. Over pricing is bad enough but not willing to negotiate is just plain wrong.

I really don’t understand why these agents are working so hard for these banks with very little compensation. I guess it is the only way to survive in this game.

I give some credit to these agents they are working really hard to stay alive. You can now see who is a real real estate agent not just some one chasing the dollars.

There are still a lot of great realtors out there today willing to help you, but it is getting hard to find. It is not their fault they are so busy. People are only capable of so much.

I would not blame the realtors to much if you are trying to put offers in. They are stuck between you and the banks. Just keep on trying and if you are intent someone will give you the time of day. I am not trying to say all realtors do not call you back. I’m really just saying that they are very busy and have no time.