Marketing Your Open House

open houseDean Graziosi states that an open house is an effective way to bring in as many potential buyers as possible.  However, if you want your open house to be as effective as possible, you should ensure that it is properly marketed.  This means that you and your agent should think in modern terms and find out which ways are most effective when attracting potential buyers both offline and online.

One of the best ways to attract buyers to your open house is through the use of photos.  High quality photos of your home can help it stand out among the competition both online and in print.  Your photos should be well-lit and show off the best qualities of your home.  If you’re not sure which areas you should focus on, ask your listing agent, they have years of experience and can help you choose images that will bring in potential buyers.

In addition to photos of your home, you may want to consider adding video to your online listing as well.  When you use video you have the opportunity to show viewers things that may not come across in photos.  However shooting an effective video of your home is not as easy as just walking through your house with a video camera.  To make sure it is properly done, you may want to consider hiring a professional videographer.  If you’d rather do it yourself, Dean Graziosi recommends that you have your realtor walk behind to provide the viewer with descriptions of the areas you are focusing on.  This is a great way to draw attention to your listing.

Social media is another great tool that sellers should utilize when promoting their open house.  Posting on all of your social media account when you’re planning on hosting an open house will provide you with an extra level of online visibility.  You can also ask your listing agent to post information about your open house on their social media pages as well.  You never know who may be in the market for a new home, and sharing your information on social media can allow all of your friends and family to share the link as well.

The use of welcome pamphlets is also another way that you can use to help sell your home.  In addition to listing all of the positives about your home, you should also include all of the positives about your neighborhood.  When you create your pamphlet, you should include information on the schools, special improvements you have made to the home, low crime rate of the neighborhood, and great shopping.  Include everything that you love about your home and the neighborhood in which it is located.  This is a great way to provide buyers with important information regarding your home and the area in which it is located.

Should You Keep Your rental Property When Moving Out of State

rental propertyIf you own a rental property and are planning to move out-of-state, you may be wondering whether or not to keep it or go ahead and sell. This can be a difficult decision, especially if it is a good source of additional income for you. Dean Graziosi tackles a similar topic in a real estate blog post, noting it is important to take into consideration how your property will be managed.

When you live in the vicinity of your rental property, or at least close enough to get there within a relatively reasonable amount of time, you are available should a problem occur. Managing it when still in-state can be difficult enough, but can you trust someone else to take this aspect over for you?

The first step is to ask yourself would you trust anyone else to manage your property? You’ll want to choose a company or individual who is in the business of investment property and who has dealt with tenants before. You’ll also want to select someone who will keep you informed about various events or problems as they occur. The last thing you need is to pay an annual visit to your property only to find out significant issues have occurred without your knowledge.

If you have owned your rental property for quite some time, but have had difficulty keeping tenants in it, you might consider selling before you move out-of-state. Sometimes a rental property can be more trouble than it’s worth, especially if you aren’t there to oversee it yourself.

On the other hand, if you have housed the same tenants for quite some time and they plan to stay, keeping it might not be such a bad idea, especially if they are good renters. You want tenants you can trust and who will not give you problems.

How well is your rental property maintained? If it needs a significant amount of work, it may be time to sell. You may need to fix it up before doing this, but if it isn’t in too bad of shape, it could sell “as is”. A property that will give you problems will turn out to be a major pain if you aren’t living in the vicinity.

Moving strangers into your own home can be difficult enough, but leaving them there when you are miles away can be stressful. If you are considering turning the home you live in now into a rental property once you move, ask yourself if you are prepared for this type of situation? As noted in an article posted on MSN Real Estate, there are many responsibilities to becoming a landlord. You should know them before deciding whether or not to rent your own home to others or sell it and move on. You can learn more about investment properties by visiting Dean Graziosi’s website.

Making Your Rental Property More Appealing

rentalRenting property can be difficult, especially if you are trying to keep up with the market rate. If you are planning to ask the market rate for prospective tenants, you will need to ensure the property is kept up. Dean Graziosi includes some design tips you should definitely consider in his real estate blog.

Before renting your property, make sure it is up to code. This is essential. The electrical and plumbing should be maintained and brought up to standard.

Update the appliances. Renters of today are looking for sleek, new appliances. Start with the kitchen. The stove, refrigerator, and dish washer will be the most expensive items you replace, but doing so will be well worth it in the end.

Look at the flooring. If necessary, replace the floors throughout the entire home. Hardwoods are quite popular as are laminates. Tile and linoleum may also be preferred in the kitchen and bathrooms.

Replace hardware. New drawer pulls, cabinet knobs, and other hardware can make a lot of difference. Replacing cabinetry may also be necessary.

Paint throughout. It’s amazing what new paint can do for a room. Choose your colors wisely. The right ones can make a room appear more spacious and can brighten up the entire home. Paint the cabinets and any other built-ins that may exist.

Clean up the outside and de-clutter the yard and garage. This will make your rental look much more appealing. While you probably won’t be storing items in your rental, you may need to remove limbs, branches, leaves, and any items that may have been used during the renovation.

When it comes time to advertise your rental, ask yourself if it is really worth the effort. An article posted on MSN Real Estate suggests you ask yourself if you really want strangers moving into your home.

Advertise your home honestly. When taking photos, make sure they accurately depict each room of your home. You want to show off the best features which will help in your advertising endeavors without over-embellishing on them.

Promote your rental property on various websites. This will help it become more visible to prospective tenants. You’ll also want to consider listing it through a real estate agency. Many companies have rental departments and will gladly help promote your rental home.

Consider staging your rental property. This may not be very common, but it does help show prospective tenants what the rooms would look like with furniture and other items in them. Be careful not to place too many items in the home. This will keep the clutter down and make the spaces appear more open. It will also enable the prospective renter to picture items in the space.

Check other rental listings in your area. Find out what homes that are comparable to yours are renting for and base your price on this information.

There are plenty of great ways to fix up a rental home. You can read more ideas in Dean Graziosi’s blog.

Can You Fire Your Real Estate Agent

Fire Your Real Estate AgentWhether you purchasing or selling a home, the relationship you have with your real estate agent can be somewhat complicated.  But just like any other relationship, sometimes things don’t work out as you had expected.  Maybe your agent isn’t as productive as you would like, or they are slow in returning your calls, or they may be trying to push you into making a decision that you are not comfortable with.  Whatever the case may be, you may reach a point when you’ve had enough and want to end the relationship, but what many people are unsure about is whether they can fire their real estate agent.  Dean Graziosi says the answer is “yes”, if at any time you are unhappy with your agent you have every right to terminate their services.  Here are some tips on how to end things with your real estate agent.

If you’re a buyer, you likely didn’t sign a written agreement with your real estate agent.  The agreement between an agent and buyer generally tends to be one of “good faith”.  This agreement generally includes the unwritten terms that you will work exclusively with your current agent.  Agents only get paid when your purchase a home, so financially they have more invested in your relationship working than you do.

When you first begin working with an agent, you should start slowly and develop an opinion as to how well you think you and your agent will work together.  The longer you allow the relationship to continue, the harder it may be to fire that agent later down the line.  This is why it is recommended that you take some time and determine whether this is going to be a successful working relationship become either of you become too invested.

If you’ve been working with an agent for some time but have realized that your relationship is no longer working, you should sit down with your agent and discuss your thoughts.  Give your agent constructive feedback about what you feel is not working for you.  If you believe that there may be hope for your business relationship, you should give your agent an opportunity to change.  If you do this, and things have not improved inform your agent that you think it’s time to end your business relationship and move on.

Firing an agent may not be as easy for sellers because you have signed a listing agreement.  You are obligated to work with your current agent throughout the length of that contract.  If you’re a seller and you feel that things aren’t going as well as you would like, you should express your thoughts to your agent.  Many agents who are informed that their clients aren’t happy will generally let you out of the contract.  But sometimes you may get an agent who is determined to hang on and force you to remain with them through the length of the contract.

Seller’s always have the option of waiting out the contract and can refuse any offers or to show the home.  But that may be counterproductive for both parties; it leaves you with a bad reputation as a seller and can damage the agent’s reputation as well.  If this should happen to you, you have the right to call the agent’s company and file a complaint with them.  They may allow you to break the contract and leave their agency.

Preparing For Your Next Move

160364313Each year millions of people purchase a new home pack their belongings and head off to their new home.  While many of us find it exciting to relocate to a new home, some of that excitement tends to fade once we are faced with the task of having to pack boxes, load the moving truck, and sort through items as we unpack at our new home.  To help make the process easier and less stressful, Dean Graziosi has put together some helpful tips.

  • Get Rid of Clutter – While you sort through your belongings as you pack, experts suggest you ask yourself three simple questions: Do I need it?  Do I use it?  Do I love it?  If you can answer “yes” to at least two of these questions you should keep the item.  However, if you can’t then you should donate, sell, or throw the item away.  Another great way to remove some of the clutter in your home is to hold a yard sale prior to moving.  This will also help you save on packing supplies and make you some extra money.
  • Put Items In Storage – If you relocating to a smaller home or moving out of state, you may want to consider placing some of your items in storage.  This way you will not have to pack and haul items that you do not have room for.  After all, you don’t want to move to your new place and find yourself with less available space because you brought too many items with you.
  • Clean Your Kitchen – Now is the ideal time to pare down your pantry and cooking supplies.  Before you begin packing and moving experts recommend that you use as much canned and frozen food as possible.  This will limit the items that may not travel well and may spoil if they are not properly packed.  You can also donate items that you do not want to pack and take with you to your local food bank.
  • Pack Room By Room – As you pack you should label each box with the contents and the room where you would like it to be placed.  If you have items that you will need upon arriving at your new home, you should label those with “open first” or “necessities”.  This will ensure that you are not searching through a hundred boxes for your toothpaste.  Packing one room at a time will help keep you from feeling overwhelmed and as if you are not accomplishing anything.  This way you will be able to see your progress and keep from becoming overwhelmed.

Packing and moving can be a stressful endeavor for anyone.  Following the tips we have listed above will help reduce the amount stress you and your moving crew experience when the big day arrives.

How You Can Profit From Investing in Distressed Housing

158194410Buying a home that is in dire need of repair can present you with both problems and rewards. When you make the decision to purchase a home “as is”, you are taking on all the problems it already possesses. Many people still choose this route because it presents them with a great opportunity to buy a home at a lower cost, then fix it up the way they want. Some live in it while others flip and sell. Dean Graziosi writes about renovations to consider for an investment property in his blog, information that will be very useful to investors and home owners alike.

 

The first question you must ask yourself before investing in distressed property is how much you can afford to spend on the purchase itself, and how much you will be able to afford in repairs. If you can do the work yourself, that latter amount will be significantly lower, but if you will need to hire someone to do it for you, the costs could mount up very quickly. If you have the money to pour into the project, it could turn into a very lucrative and profitable opportunity. You can either fix it up, live in it, then sell later, or fix it up and sell right away. No matter which you choose, you could still come out ahead.

 

There are lots of ways to fix up a distressed property. You can make major renovations, turning a large house into an apartment building, and then renting out individual units. You can build onto a smaller home, making it much larger in size. You could even purchase several properties in a run-down neighborhood, then give them all massive makeovers in an effort to improve the area. Your opportunities are endless if you have the money and resources to put into the projects.

 

Begin by purchasing a distressed property that won’t require all that many repairs. This is a great way to get your foot in the door so-to-speak.

 

As you repair and sell properties, you will begin making money. Your real estate investment business will grow over time just like any other.

 

If you’ve never renovated a home before, consider contracting out your services to help others renovate prior to investing in distressed housing yourself. This is how some investors have started out and it can really work in your favor.

 

There are benefits of investing in distressed housing. Take advantage of the profitable opportunities it affords you and you’ll wind up making money in the end. Remain patient as no business is a money-maker right away. Make careful decisions and always work on a budget. You can learn more about renovations you should consider for your investment properties and other real estate topics by visiting Dean Graziosi’s blog.

Four Great Tips for Investors

165485533If you’re considering investing in real estate, you’ve made a good choice. As Dean Graziosi points out in his blog, it’s all about growing your business. It can be a very lucrative business, but there are several important things you should know before purchasing your first property. The following four tips will help point you in the right direction.

 

Tip #1: Secure funding. You will need money in order to purchase your first property. Securing it before hand is a great idea because it will not only enable you to actually make a purchase, but it will also provide you with a great deal of security when making an offer. It would be quite disappointing to find the perfect investment property, only to realize you don’t have the money to pay for it.

 

Tip #2: Consider purchasing foreclosures. Since you are in the real estate investment business to make money, you want to buy your properties for lower than market value, then sell them for more. Buying a foreclosed property is a great way to make this happen. Choose homes that only need minor to moderate renovations so you won’t be out a lot of money fixing them up. You can save even more money on this part by doing the work yourself. If you need to hire someone to do it for you, choose contractors who do great work at reasonable prices. Know what types of renovations the properties will need before purchasing them. That way you’ll be able to create a budget and stick to it.

 

Tip #3: Start out small and work your way up. You’ll want to begin by purchasing smaller properties that will be easier to manage. Once you have bought and sold a few of them, you’ll be able to work your way up to larger homes and apartment buildings.

 

Tip #4: Make a plan. This will involve actually sitting down and working out a budget. Figure out what you will and won’t be able to afford, and what it will take to grow your business along the way. This is extremely important to your real estate investment success. Knowing how you plan to proceed will make your business run more smoothly, and you will be better able to take care of problems when they arise.

 

There are many great reasons to become a real estate investor. You can make a lot of money doing it over the years and can turn it into an actual business that can become your only source of income. As with any other type of business, your investment endeavor will take time to grow, but it will all pay off in the end. You can learn more about this and other relevant topics by visiting Dean Graziosi’s blog.

Which Properties Make Great Investments

147247658If you are considering becoming a real estate investor, you’ll want to begin small and work your way up. Knowing which properties will make you money is important. Dean Graziosi provides information and tips about this topic in his blog.

 

Before you can invest in real estate, you must first ask yourself how you want to start out this lucrative opportunity. You will have several options. Are you planning to buy properties you will then turn around and rent? Do you wish to flip houses? How about investing in commercial real estate? The options may seem overwhelming, but the tips below will help you begin.

 

Rental properties make great investments. You buy the home, then someone pays you so they can live in it. You can then take this money and use it to either pay on your mortgage or put it toward making necessary repairs and updates along the way. A home that is well maintained will attract tenants who are willing to pay more money. It will also help keep them there, especially if it is in a desirable neighborhood. Some real estate investors choose to purchase several homes or apartment complexes that are in undesirable neighborhoods, fix them up, and rent them out for more money than surrounding properties in an effort to improve the area.

 

If you are considering purchasing rental properties, begin by buying one home. You will be able to build your new real estate business from there by purchasing more homes and later on, apartment complexes. You may also choose to renovate a large house and turn it into a building with several smaller apartments you can then rent out to multiple tenants. You can be as creative as you choose when purchasing rental properties and they can make you money for many years to come.

 

Flipping houses has also become quite popular in the real estate industry. If you have the patience and time to do this, it can be a lucrative business opportunity. If you are able to do the work yourself, you can make even more money because you won’t have to pay contractors to take care of it. You may also be able to find some homes with great potential at very low prices. If you do the work all by yourself, it will take longer to sell the home. This can serve as a deterrent if you want to sell quickly. If you are willing to wait, however, you will begin to see the fruits of your labor.

 

If you have the money to hire contractors, you can have the work done more quickly. This means you could have the property up on the market sooner and potentially sell it in a hurry. This is where the real money comes into play.

 

It is important to note that house flipping can be a very lucrative opportunity, but it isn’t the easiest to tackle. Before doing it, talk to other flippers to see what their experiences have been.

 

Purchasing commercial property can also be lucrative. Again, start out small and work your way up. There are many fledgling business owners looking for office space or even an entire building to rent.

 

If you’re considering becoming a property investor, now may be the right time to do it. As an article posted on MSN Real Estate points out, low home prices combined with lower interest rates make it possible. It is important to note the real estate market is seeing a recovery, so the best rates may have passed, but there still may be great opportunities that make becoming an investor hard to pass up.

 

You can read more about real estate investing and other relevant topics by visiting Dean Graziosi’s website.

Can New Siding Increase The Value of Your Home

139972894

If you’re thinking of selling your home this spring, there are several improvements you can make that will increase your chances of finding a buyer more quickly. Dean Graziosi is familiar with many of these renovations and changes and provides useful information and tips on his blog. One such improvement you may want to consider is siding.

 

 Siding provides protection for the exterior of your home and helps keep unwanted cold out in the winter and heat out in the summer. Even though many people choose to have siding put on their homes during the fall, there’s no bad time to do it.

So will siding help increase the value of your home? According to an article posted on the Mad City Windows website, this depends on the condition of your siding. Buyers see the exterior of your home first. This is where they form their first impression. It’s also what helps them decide whether or not they want to find out what’s inside.

 

If you have siding on your home, but it is badly in need of repair, you will wind up turning off any prospective buyer who comes near. He or she will most likely assume the inside looks as bad as the outside.

 

If you’ve never had siding put on your home, adding it could improve the look and increase the value. It will make your home more energy efficient and help you save on electric and gas bills.

 

Before choosing a company to install siding, check around to see who has the best prices. Begin by calling all the companies in your area to get estimates. If your friends, family members, or neighbors have recently gotten siding put on their homes, ask who they used and whether or not they were satisfied with the end result.

 

Once you have received estimates, you will be able to decide whether or not siding will be affordable. You’ll want to compare the cost with the potential increase in value the siding will add to your home.

 

Even if new siding doesn’t increase the price you will receive for your home, it could help it sell more quickly. Siding looks great and has many benefits buyers may find useful as described above.

 

There is also another aspect to consider when getting siding installed on the outside of your home. You may be able to make the money spent on the siding installation back when selling your home. This puts a whole new spin on the situation when you stop to consider how much the siding will cost. If you are able to make that money back on down the road, putting the siding on your house will be well worth the expense.

 

You can read more about improvements that will help raise the value of your home by visiting Dean Graziosi’s real estate website.

How to Get the Most Out Of Your Dining Room

deangraziosi.comThe dining is often the most overlooked room in the entire house.  If you do not use it regularly and save it for special occasions only, your dining room may begin to look outdated and in need of some updating.  To help you get the most out of your dining room space, Dean Graziosi has put together some helpful tips.

If you have started to use your dining room for mostly storing nonessentials, now is the time to start clearing the space.  To ensure that you have ample space for your next family dinner, you should clear out everything that makes the room appear cluttered.  If you have a smaller sized room, this may mean clearing out everything that isn’t essential for your dinner.  The less clutter that you allow to remain in the room will provide you with an emptier space that will appear larger and roomier.

The next time you host a large family function, and your room is not as big as you would like, you may want to consider using a buffet to solve some of your space problems.  If your dining room is not large enough for the group you are hosting, you should consider serving the food on a countertop or island in your kitchen.  This will help you avoid taking up valuable elbow space with countless dishes and trays.

When you purchased your dining room table you may have thought that large chairs were elegant, but once you got them in your home you realized that they took up valuable space in your dining room.  If you are trying to increase the amount of space in your dining room, you may want to consider using a bench on one side of the table to make room for additional guests.  This is a great solution to seating problems that have plagued many homeowners throughout the years, states Dean Graziosi.

To increase the appeal of your dining room and add space to the table itself, you may want to limit table décor.  You may think that one thing your table needs to complete it is the perfect centerpiece, but what you forget to consider is how much valuable space this can take up on your table.  If you do feel the need to add some décor to your table, you should keep it as minimal as possible.

Finally, if you have come to the conclusion that your dining room is simply not working for you anymore, it may be time to rethink the design of the space.  Perhaps some small updates can help improve the feel and atmosphere of the room.  Just because you may not use it regularly doesn’t mean that you should neglect your dining room.