What Can You Do To Buy First?

What you can do to sell your home before purchasing a new one.

One of the toughest things in the real estate world over the past couple of years has been trying to purchase another home while you're stuck with one you've got to sell. That's just been impossible in the market we've had. However, I'm seeing the market change a little bit. Let's talk today about how you can buy a home before you sell your current one. It is easier in today's market. You do have to have it ready to go on the market quickly. You are most likely able to make an offer today subject to selling your current home, and you have a much better chance of getting that offer accepted, but you can't dilly-dally. You can't wait around. You have to have your house ready to go. You should get pricing ready, maybe even have photographs ready. Have a plan in action and ready to go, but don't pull the trigger until you make that offer. When you make an offer subject to selling your home, you're probably not going to be able to make any other concessions. If you want a cheaper price, for the seller to pay your closing costs, and would like their firstborn in the car, those things probably won't happen because they're going to give you the concession of waiting a little bit or giving you an opportunity to make an offer without selling.

“Planning on the front end will help you down the road."

Get with your agent ahead of time and work through inspection issues and anything you might have on your current home that you might need to address so that when you do put it on the market, it will go under contract without problems. Planning on the front end will help you with this offer as you go down the road. If you don't want to go to all that trouble, there are some other options. You could get a bridge loan and bridge from your current house over to the new one until it can be sold. There are companies out there that will actually buy your home, myself included. We will buy your home so that you can go ahead and purchase another one. If you'd like information on how to make this process go more smoothly, I'd love to talk with you. Look around on our blog page for information and links that could help you. If you can’t find anything there, feel free to do the old-fashioned thing: Pick up the phone and call me at (423) 593-5588. I'll be glad to give you more information about getting your home sold so you can buy a new one. Have an awesome day.

4 Tips To Start Investing in Real Estate

Four tips for beginners getting started in investing with real estate.

Have you ever thought about investing in real estate? If you haven't, maybe you should. Investing in property is a fantastic way to secure long-term wealth, but where do you start? Today I’ll share my best tips to help you begin investing in real estate: 1. Buy a duplex, not a single-family home. If you’re a first-time buyer, this is a great place to start. You can live on one side and rent out the other. After living there for a few years, you can buy a single-family home while keeping your duplex. This way, you’ll have a home all to yourself and a great investment property.

“Flipping properties is great, but it’s not a way to build long-term wealth.”

2. Start simple. When you buy your first single-family home, don’t go way over budget. Instead, stick to a simple, three-bedroom, two-bathroom house with a garage in a decent area. Once you upgrade from this property, you can keep it and rent it out, just like the duplex. 3. Short-term rentals are great for beginners. You can rent out part of your current home as an Airbnb, or you can turn an inherited property into a short-term rental. 4. Flipping homes is not a long-term investment. Buying distressed properties, fixing them up, and selling them for a profit can be a great way to invest in real estate. However, it is not a good way to build long-term wealth. If you need more information, please call or email my team. We’d love to help you start investing in real estate!