CEO & Founder Of Real-Estate Property Empire Hopwood Homes Aces The Game Of Property Investment
Listen to the feedback you’re obtaining from fellow real-estate agents at open houses, groups, or provings. Good networking is a must for every real-estate dealer. If the home of your choice is priced higher than other homes in the same area, the problem is probably rate. Do not think you ought to go more than 3 weeks without doing a rate decrease. More than 35% of the real-estate sellers reported decreasing the asking rate of their home a minimum of once. Lawton Hopwood, the CEO & Founder of Hopwood Homes, shares some ways to crack some incredible property deals.
Tip #1
Keep a check on the bank enclosed properties. These are usually the real-estate properties with very clear history, and will not be based on wrong info. Even more, when banks sell properties, it is highly likely that it is the right price. These properties can be some of the best deals you’ll find in real estate.
Banks do not like to manage properties, hence, they will not mind selling a property to you with flexible discounts. However, be sure to have a check on these properties as they are often in need of some repair or updating.
Tip #2
Look for good old properties that have high value but are not sellable due to high repair work. Get a team who can fix the house for you, and sell it for a higher price than the house owner itself. Ofcourse, you will have to purchase the house first, and it involves some risk. However, these kinds of properties are more than ready to sell, once they are fixed.
Tip #3
Don’t forget to look for absentee owners, who are simply not present in the same area of their property. Some might own a property but live elsewhere. They might be simply unsure what to do with them and would require help for the estate to be sold. Use online public records to track down the owner of the property, or enquire from neighbourhoods.
Tip #4
Overlook the cosmetic flaws of a property. Do not be very keen on buying a beautiful dream house. You can eventually make it better once you move in. The only essence is the history of the property, its location and pricing – along with the facilities of course.
If you really want to get a great deal, look for ugly houses that have outdated carpeting, old wallpaper, overgrown landscaping, or other cosmetic problems. You are just sure to find one.
As long as these properties have a good strong foundation, you can always make them look pretty and cosy. A new flooring, painting the walls, or trimming back trees and shrubs can make a huge difference in the appearance of the property, instantly increasing its value.
Hopwood Homes, the year old venture has already successfully served across the NorthWest of England. The venture is known for their impressive integrity and commitment to delivering results with the highest quality standards. Their professional team works closely with both investors and landowners in order to come up with results that exceed expectations. Know more about – Hopwood Homes.