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| Fixer Uppers - Build Your Own Equity |
1)Newer Homes Less Than 5 Years Old - Abandoned, neglected in
foreclosure will need minor repairs repainting, carpet cleaning.
Some appliances may be missing. The best way to increase your
equity is based on how much of a discount is the bank willing to
take to unload the property.
2.Good Neighborhoods Estate Homes - Homes being sold through
attorneys' in estate sales or probate. The family homestead
where Mom and Dad have downsized, have past retired or moving to
care facilities. Normally will be out of date interiors,
kitchen, baths, flooring and decorating solid homes well cared
for may need a complete overhaul. Many times family members just
want to get rid of the |
headache.
3.Auctions - Not the best place to find a good deal unless you
are very knowledgeable and experienced about the process in
larger cities and counties the professionals rule, but in the
more rural areas you may stand a chance. To get experience go to
several auctions and bid to yourself to see where you stand.
Inspect what you may be bidding on pick 3 or 4 homes know them
inside and out. Be conservative in your bidding and have good
solid repair estimates.
4.Realtor Listed Homes That Don't Sell - On the average over 50%
of homes on the MLS do not sell during the 1st listing period.
Homes that have had a real estate sign on the lawn for 9 - 12
months or longer may be |
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prime candidates. There is a problem
usually condition or price. The condition problem is where you
can get the deal you want. Check with local real estate agents
let them know what you are looking for.
5.Abandon & Vacant Homes - These homes offer the greatest chance
of quick equity. If you can find the owner who is usually out of
state, you can get a great deal. Most times the owners moved
away and are surprised you found them. They don't want anything
to do with the property and are happy to get off their backs.
6.HUD and Government Repo's - HUD has great programs for home
buyers you can go on the website www.hud.gov under homes for
sale you |
can find HUD and other government reposed properties.
They also offer financing to qualified buyers, all offers must
be through a HUD registered real estate agent.
About the author:
Bill Carey offers insights to the buying and selling process of
residential real estate for F*R*E*E information and reports see
http://www.CharlotteNCExecutiveHomes.com "Insider Real Estate
Secrets Revealed" ...a must-read for Home-Owners and Renters!
It's a FREE 12-lesson e-course covering more than 20 topics
exposing the realities behind buying and selling a home. It
Could Make(or Save) You Thousands of Dollars Log on to www
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