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Monday, September 30, 2013

How to Determine the Market Value of Your Home

Welcome back to my video blog. Today, I wanted to talk to you about how to determine the market value of your home. Now, there are several different websites where you can enter information about your home where a computer-generated model will give you a range. The truth, though, is most of the time those numbers aren’t accurate.

Some sellers hire an appraiser to help determine the market value of their home. Well, if you bring in three different appraisers, chances are you will get three different values.

The best way to determine the true market value of your home is through the free market place and buyers. When we do a free market analysis for you, we look at trends, homes sold, how many homes are on the market now, etc. This will educate you enough to determine a range that your home will sell in and together we can determine the best list price to help you reach your goal of getting the home sold for the most money in the proper amount of time.

Friday, September 13, 2013

Taking the Next Step to Owning a Rental Property

Important Tips for Purchasing a Rental Property

Hey, guys. Welcome back to my video blog.

For the past few videos we’ve been talking about rental properties: is owning a rental property right for you, which type of real estate is best for you, and whether you should use financing or cash to purchase your rental property.

To recap some important elements from our videos series, when you purchase an investment property, it’s important to know whether you want to manage the property yourself or hire a property manager.

Along with deciding which property is best for you, make sure you have a strong lease. Talk to a lawyer just to make sure everything is covered and secure. Leasing laws are different according to each state.

Screen your tenants as well. Do background checks, credit checks, etc. to protect yourself.

My final tip is to have a special savings account set aside for unexpected repairs or if the property sits vacant for a while. 

If you are interested in buying a rental property, please give me a call at 706.621.6085 so we can find the right investment property for you!