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Here's how you can save thousands of dollars on your next home.
There are two ways to accomplish this. Motivated Seller and Smart Financing.
You'll learn how to get the lowest price for the home you want,
and finding your motivated seller.
It's quite easy!
There are two types of sellers. Ones that use
real estate agents and the ones that
sell on their own ( aka..FSBO or For Sale By Owner ).
FSBO post signs, flyers, and put ads to
sell their own homes. It really does not matter which one you use.
Agents can't sell more than market value. And For Sale By Owners will want the most they can get.
Sometimes, you can find better deals after the
home has been though several agents, and still on the market.
If by chance you come across the home you want, call a local real estate appraiser ( there are thousands in the yellow pages ).
Ask for recent prices on homes in that area. Most appraisers will provide this service FREE of charge. If you ask real estate agents, they will want
you to sign a contract with them. Real estate agents do not appraise homes.
A real estate attorney can handle all the legal paperwork in buying or selling a home for a fraction of what agents charge. Mention this to your seller.
It doesn't take a real estate genious to realize that sellers become motivated after
they have realized that MAYBE they can't sell. This happens
approximately one or two months after the
home is listed on the market.
In the beginning, sellers assume they have the most
beautiful home on the market. And most believe they
can get a million dollars or more. This is far from the truth. Most
buyers cannot qualify for the home they want. Homes can
go from one agent to the next and stay on the market for months.
Let's take the FSBO sellers. They are constantly bombarded with calls from agents wanting to help them sell their homes. The standard commission is 7%.
On a $100,000 property, the seller will pay the agent $7000 to get the property sold. Typically, a FSBO
that has had his property on the market for a month or two, and cannot sell, is READY and WILLING and MOTIVATED to discount.
The $7,000 does not guarantee that the
home will ever get sold. At any given time,
there are homes listed
by agents that have been on the market
for months and even years.
Here's what you can do. Approach FSBO sellers right before they contract with real estate agents ( 1-2 months after they realize they can't do it ).
Based on a $100,000 property,
it makes sense
to offer the seller at most $93,000 ( $100,000 - $7,000 ).
Tell the seller that if he uses an agent, there is no guarantee that the home will ever sell. Agents do not buy homes. They can only show homes if there are
interested buyers. You are a buyer.
The main advantage for any seller to use a real estate
agent is the MLS network ( multiple listing service ).
Think of the MLS as a computer network ( available only to agents ) that allows agents to list homes and search other homes on the system. Since there are
thousands of agents in a given area, the probability of getting more buyers is higher if the home is listed in the system.
An agent that represents a buyer will go there to find homes for his client. While a seller agent will list his client's property there.
If you look hard enough, you can find VACANT properties. These are your best bet as the seller is no longer in the home. Be sure to ask agents to
search for vacant properties, foreclosed homes, need work, etc..
in the MLS. They'll be more than happy to do it.
Now that you have a better understanding of this, let's move on to the next step. Homes on the MLS can stay on the market for months.
The good news is you can call any agent in your area and ask them to do a search on the MLS for properties that have been on the market for 30 days, 60, 90, 120 days, even more....
The more time that a particular property is on the market,
the more motivated the seller can become.
Don't be misled by ads that read, " MOTIVATED SELLER," "MUST SELL," or "PRICE REDUCED." Although these are signs that you have found a potential motivated seller,
real estate investors use this tactic to attract buyers. Always ask the seller what the property is appraised for or can appraise for, and base your decision on that value.
You will be at a disadvantage if you buy from a seller that
promises to take $10,000 off his price of $117,000, when
the property is only worth $100,000.
If you're really hungry for great deals, pay attention to this next strategy.
Know this and use what you know to your advantage.
Real estate agents must sign a representation contract
with the seller to list the property and to sell the home. Contracts are typically for 3 months or 6 months.
We know that agents are in the business to make money. They are most motivated to sell when near the end of the contract.
This is the time when agents will advise the sellers to drop the price and to be flexible. This is the time to make your irresistible
offer. Take it for what it's worth... :)
Now to put the ketchup on your hamburger,
ask a friend or family member to help you
during negotiation.
If the seller does not accept your first offer, your friend Larry
should call and make an even lower offer.
Do this several times, but allow
enough time
between each offer. The
seller will feel insulted by the low offer from Larry,
and over time your original offer will begin to
look attractive. Which is
what you wanted in the first place.
How about financing? It's always best to get pre-approved for a mortgage before you do anything else.
You might have time to waste and think you can buy the most expensive home in the area, but the bank may not think so.
In our private site, you'll
learn more ways to buy and sell homes.
You'll learn creative ways to buy homes, creative ways to sell homes, and you'll learn how
the financing can save you even more than the
price you pay for the home. Everything from no money down on bad credit to knowing
how to take over payments for the seller without ASSUMABLE mortgages,
and without financing.
You will also learn where to go to save the most money on
home mortgages, what to say, what to expect, what to look for, and how to handle
bankers and mortgage brokers.
Did you know that on a typical
$100,000 home, you will pay about $4000 in closing costs?
That $4000 will take you over 5 years to pay off. Most people are too busy paying off their closing costs that by the time they realize the truth, it's time to move and start over.
You will
learn secrets, tips, and techniques used by professional real estate investors to make their fortunes. It's all here...and can be yours.
The information in the Amazing Secrets site will either save you alot of money, or make you a fortune.
It's amazing how people will doubt new knowledge, yet they
complain how they can't get ahead in life.
Most people will spend Sunday mornings clipping 50 CENT
grocery coupons, but they will not spend 5 minutes to know
what you have just read. And save or make thousands.
We hope you have enjoyed reading this report, and please do share it with your freinds and family. In fact, why not invite them to this AMAZING website. :)