Real Estate Brokerage 101: An Introduction
Are you new to the real estate investment industry? Trying to navigate this business on your own can be overwhelming. At DeNovus Capital, you are sure to find not only the financing help, but also the guidance and professional assistance you need.
Brokers, Agents, and Facilitators Are Protected: What It Means
When we say that a broker, agent, or facilitator is protected, it means that the seller agrees to pay the commission to the person who brings an offer from a qualified, ready, and willing buyer. The agent and seller can negotiate how long the clause is applicable.
How Acquisitions Are Done
Having a Private Money Lender in Your Network
When you want a loan on a short-term basis without the hassle of going through a meticulous application process, turning to a private money lender could be your best option. Private money lending is known for the convenience it offers to people who are in need of financial funding but fail to meet the requirements of banking institutions.
The Buying Process of an Investor
MLS
Buying a property as an investor is different from choosing a house to live in. When inspecting properties for sale, you should look for those with broad appeal to tenants.
Auctions
If you’re an investor, you may turn to auctions to look for properties to purchase. Consider making an offer that is in line with the health of the local property market, and always be mindful of your borrowing limit when you’re bidding at an auction.
Private Sales
Your offer has now been accepted! At this stage, you and the seller will each sign a copy of the contract, which is then handed to your respective solicitors/ conveyancers. Be sure to get in touch with your lender so that you can formally start the process of your investment loan.
Finding an Attorney
Navigating the various negotiations and purchases in a real estate investment can be challenging, especially if you’re new in this business. Hiring a real estate investment attorney is a smart business solution if you want to ensure you’re making the best decisions with your money and your property.
Foreclosure
A foreclosure property can have big potential, but turning it into cash will require a lot of effort. If you’re planning to invest in a foreclosure property, it is best to focus on the ones that are destined for redevelopment or improvement.
Short Sale
Imagine, for example, that you’re a distressed real estate investor who’s planning to sell your investment property. However, the offer you get is so low that it won’t cover the total amount you owe on the mortgage. You then ask the lender to accept a less than the total amount owed. This is what would be called a short sale in real estate investing, wherein a person sells a property for less than the outstanding mortgage on it.