Again, Craigslist to the rescue. Though it turned out there was only one furnished apartment listing in the location and category I needed, it was a winner. I sealed the deal in a New york minute, and was ready to assume my new life in a new city.
It is interesting to note that one of the first things that ‘falls to the side’ when agents get busy is the prospecting and client contact. The agents focus on the current deals and forget about relationship building. This then produces ‘peaks and valleys’ in income and listings.
One thing important to understand about these types of deals is that they aren’t super quick money. Typically the work will take a couple of months and then it will usually take a month or two to find a buyer. Hard money lenders typically loan money for 6 months as this time frame usually is sufficient to sell the fixed up home.
To be completely frank. I was in complete denial. If you had told me that only 2% of people who get their Notice of Default actually get caught up again, I would have told you that I was SURE I’d be in the 2%.
As you travel further away from the water, prices decrease to 2K and lower. Homes in areas such as East Flatbush, Brownsville and Bedford can range from 0 per square foot to 0. Investors are seeing potential in dividing the famous brownstones into duplexes. Many families do not want to move out of the area but are willing to downsize to a smaller dwelling. Homes that are purchased by contractors in these areas are not for resale but to turn into rental properties, another option that once homeowners are turning to. The more affluent areas of Brooklyn are priced at 0 per square foot and up with remodeling of homes also taking place.
So the questions you ask should be specific and direct but not threatening or pushy. In this way you will get to the truth and not waste your time on unnecessary dialogue or meetings.
Now that you know how it works, the main difference between the traditional real estate point and flat fee MLS listings is the amount you will pay. Unlike traditional real estate brokerages, there is no commission due if you sell on your own without a buyer’s broker, you pay only the low, flat fee. An average seller can save between ,000 to ,500 per 0,000 of their sales price.
The neighborhood: The population of Houston is largely composed of peaceful, civic minded citizens. But that does not mean there cannot be a few ‘rough’ neighborhoods. Ask your real estate agent about the crime statistic of the area where the house is located. Better still; hire a private investigator to look into it for you. It can save you hours of worry later on.