Ready to stop talking and close your first real estate deal?


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The moment has come – you are ready to tackle your first real estate deal.

What next?

For starters, you need to make sure you have all bases covered: an agent if you are using one, the seller, their agents, loan officers, the bank, appraisers and many others who will be working behind the scenes to help you close your first real estate deal.

If you are working with an agent, it is his (or her) job to make sure that your first real estate deal goes smoothly. Whoever you choose should be informative about the local market, and able to work well with everyone else on your team.  If you choose not to use a real estate agent, it’s advisable to at least seek advice and knowledge from someone who is a true expert in your local community.  If this describes your situation, a HomeVestors® Development Agent can help answer questions about issues such as keeping remodeling costs under control or buying bank owned properties that have been foreclosed.

 

Perhaps instead of driving around town to check out potential real estate investment properties, you might prefer to work with an established company that understands the needs of real estate investors. HomeVestors has been buying and selling houses across the country since 1996. Visit http://www.homevestors.com/investor_info.php to request more information about the houses we have for sale in nearly thirty states across the country. Due to the high volume of houses we buy, we cannot possibly rehab all of them, so some are available for resale to interested investors.

 

If you will be financing your investment, have you been pre-approved for a loan, so that you can target your search for properties within your budget?  Be careful when you find a property that you think fits your real estate investment strategy. If you become too emotionally invested in the property you can easily find yourself offering to pay above the asking price because you want it so badly.  No matter how great the location or the potential profit margin, it is important to stick to your investment game plan and budget.

Remember, once you submit a formal written contract for a property, it is legal and binding. A HomeVestors® Development Agent can offer guiding principles and key things to look for before signing your contract. If all goes well, your closing date should come within 30 days – although some deals do take a little longer.

If you prefer not to do your first real estate deal alone, contact your local independently owned and operated HomeVestors® franchise office.  HomeVestors® franchisees have bought and sold properties throughout your community and can help you close your first real estate deal with ease.

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