Tips for Properly Preparing for the Spring Market

Understanding how to properly prepare yourself to enter the market is key. Here are a few tips for buyers and sellers to ensure a successful purchase or sale.
 

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Many people don’t understand how important it is to prepare before entering the market. Most of them end up playing catch-up. Using these tips will help ensure a successful market experience whether you are a buyer or seller.

The spring market is going to be very busy. Low inventory combined with rising interest rates are pushing both buyers and sellers onto the market.

As a buyer, follow these tips to ensure a successful purchas

1. Get fully approved for a loan by your lender. Make sure you get an actual approval letter. This will show the seller that you are highly qualified and serious about the purchase, putting you ahead of the pack.
2. Meet with your agent and make sure they know what your criteria are heading into the market. If a property hits the market on a Thursday, you’ll want to know about it and know the course of action to take in order to create an offer and make it competitive.
3. Understand the contingencies of your offer. Make sure you’re covered if there is some sort of financial contingency or a contingency involving an appraisal. Your agent will be able to help you understand any contingencies.


Don’t make the mistake of rushing onto the market.

As a seller, follow these tips to ensure a smooth home sale.

1. Meet with your listing agent at least a month in advance. This allows your agent to set your active date and make sure everyone is on the same page. From there you can get your pre-inspection to find out what potential red flags could harm your sale. Fix those issues before you list, and ask your agent what you can do to maximize your profit.
2. Start a successful marketing campaign before you list. Your agent should have professional photos taken and create a virtual tour of your home in order to get your home marketed correctly before it goes on the market. This allows you to make a splash on the market when your home goes active.

If you have any other questions, feel free to reach out to me with a phone call or an email. I look forward to hearing from you!

Have You Considered Investing in Real Estate?

Have you ever considered investing in real estate outside of your primary residence? It's time to stop sitting on the fence and really dig into the possibility in 2017.
 

Want to sell your home? Get a FREE home value report.

Want to buy a home? Search all homes for sale.

We've seen that a lot of people have a New Year's resolution to finally make an investment in real estate.

Adding a property as an investment only is a great way to diversify your portfolio, whether it's a small condo, a townhouse, a single-family home, a multi-family property, or anything else. If it's something you've considered, I encourage you to reach out to me. It can be a scary process.

I'm here to tell you that you can, in fact, find the right property and you can go through the process pain-free. I do it myself, and I constantly work with investors to find really great deals that they can use as long-term builders of wealth. Just recently, a client of mine closed on a six-unit apartment building. The property yielded a 17% IRR (internal rate of return), an 8.9% year one cash-on-cash return, and a 7.69% cap rate.

I do it myself, and I constantly work with investors to find really great deals.

Now, you might not yet understand what some of those terms mean, and that's what I'm here for. This example is a very solid investment, particularly in the Washington D.C. market.

This is something most people should look for, especially if you're primarily invested in stocks or bonds. I know this market extremely well and I know which neighborhoods that are transitioning that present an appreciation potential, and most importantly, what rents are doing in and around the city.

At the very least, ask a real estate professional like myself about it. I'd be more than happy to give you a free real estate investment consultation.

How We Went Above and Beyond to Get Lynn's Property Sold

“The results that we got were fantastic! Better than expected and better than the expectation that he set. He started working with us with the goal of selling our unit within 30 days and I think we had an offer inside of a week so it was really great for us! Surpassed our expectations. This was after another real estate agent had been listing the condo for months without any results! So, we were very pleased. He really went above and beyond and he really helped us out!”