Tips for Selling Your House in a Tight Real Estate Market

Erica Whitney, real estate investor and agent joined me today on Real Estate Reality Radio to talk about today’s real estate market. 

Erica’s best tip for selling your house in a tight real estate market: Give them the Wow Factor.  The “Wow Factor” includes making the house look top notch & pricing it right. 

To make the home look top notch, clean it up, give it a fresh coat of paint, clean or replace carpets and add some new light fixtures if necessary.   Stage the home with furnishings and accessories to make it look inviting.  Give the buyer a reason to think, “Wow -right features, right price!”

Price the home at or below the most recent comparable sales.  Erica shared some interesting information on pricing.  She said, “If you’ve had 10-12 showings and no offers -You’re 5-10% over priced.”  “If you have no showings you’re 10% over priced.”

Other topics discussed:  where to invest, cash flow, tenant management, the new GA Purchase and Sale contract, short sales, and more!  Here’s what one listener had to say about the show, ”

“I very much enjoyed listening to your broadcast. You helped me better understand the options around management of properties after the purchase is complete.” 

Thanks, 

Giulio

Listen to the show.   

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A Regional View of Real Estate Investing -Strategic Planning

What do you know about the regional planning of the area where you invest?  I recently attended a meeting where there was a regional planning representative speaking about various plans for our region, from transportation to housing to parks and recreation and more.  This meeting provided much insight into my own personal investing choices and decisions for the coming months and years. 

A great way to be strategic with your real estate investing plans is to know and understand the regional plans for your area.  These plans can provide great insights for you around your real estate investing strategy and  contribute  greatly to the success of your investing plans.

Speaking of being strategic, do you have a strategic plan for your real estate investing?  Taking information like regional planning into account is what a strategic plan is all about.  Every business needs a strategy, a long term plan of action that leads to winning!

If you and/or your company do not have a strong strategic plan, I strongly encourage you to take the time to work on your business and do the planning.   In working with numerous clients and real estate investing companies, I find that the those who take the time to create and consistently work their strategic plans are by far the most successful. I absolutely love  working with clients on their strategic plans and seeing the results it produces.  If you are ready for a strong strategy for success – call me – 770-377-1847 – I’d love to help!

Asset Protection -Real Estate Investors & Corporate Governance

So, you’ve heard that you need asset protection as an investor and you’ve even set  up your entity.  But, have you properly managed that entity?  Unfortunately, entity structuring for the purpose of asset protection can be absolutely useless if you are not properly handling corporate governance.  Yes, that’s the side where you have to keep up with minutes, paperwork, meetings, etc. It is really not that complicated if you understand what you need to be doing.   Listen to Traci Ellis, real estate and asset protection attorney,  on my radio show, Real Estate Reality Radio,  to learn more about how to use corporate governance to  protect your assets.  http://www.blogtalkradio.com/RealEstateRealityRadio

Property Value Trends

There have been a lot of recent changes when it comes to property value trends.  Do you worry about making a bad investment decision? Analyzing deals and the value of property can be tricky -especially in this market.  

I am excited to announce that  Foreclosure.com   has invited me to be there guest on Thursday, February 7th at 4 PM, in presenting a webinar where we will be discussing How to Determine the Value of Real Estate.  In this webinar,  I’ll be providing a lot of information that you won’t want to miss when it comes to figuring out value and making good investment decisions!