Category: Real Estate
Importance of Using College Admission Assistance Services
Choosing college admission is not an easy process for many. It is prudent to note that some people do not give much importance to college admissions assistance. However, you must consider taking the time to help your child plan their academic future. As a parent, it is vital to understand that being able to help your child get the right college admission will be an excellent investment that one must follow. While you are planning to choose your children’s college admission, then you will be required to ensure that you dedicate your time to getting assistance from the right team. Over the years, some parents have not been able to make the right college admission choices, and this means that they need to get assistance from the right team and have their children get their academic future secured. Research shows that many parents have now turned to college admission assistance which has proven to be the right move now. If you would like to get the best remedy to your college admission process, then you should commit your time as well as resources to work with the best service providers. While you are getting the best team to help with college admission assistance, you are assured that this process and guidance has been seen to have a couple of benefits that one should not miss out. Read more into this blog to discover more about the importance of college admission assistance services.
It has been noted that using college admission assistance will be one of the gate pass to having access to the right college of your choice. It is prudent to learn that being able to get the best college admission assistance service provider will be the best solution to your needs. You can now get the information that will give you the information that you require to make your chances of being admitted to the college of your choice high. You are assured that college admission assistance service providers have the right information that will make your chances of getting your application get a more significant advantage. You can now have information on how to different colleges accept students into their university, and this will give you an upper hand in making this process come true.
Also, using college admission assistance services will be the right move since you can now get access to the latest admissions technology, which will boost your success rates. It is guaranteed that you will now have the ability to create as well as have polished outstanding easy for your college admission without stress. On the other hand, you will also have the opportunity to get live sessions offered by a college advisor who will give you proper recommendations which will boost your confidence.
As you use college admission assistance services, you ate assured that this could enable you to save time and money when you are choosing a college to be admitted to. It is important to highlight that it is becoming hard to get admissions to the schools of your choice, and this is why you should be investing in proper college admission assistance services.
Generation of real estate leads has gone digital. With different lead generation tools and some mobile marketing apps, you might feel overwhelmed. So, how can you decide which tools to add to your strategy on lead generation to attract or nurture potential prospects?
Concentrate your core strategy on the basics to real estate marketing. Methods that are tried and true are ageless and should still part of your plan even if they are dressed up for the digital consumers.
It’s absolutely worth investing in high quality professional videos to showcase yourself as a real estate agent. Buying a house is often the biggest purchase an individual will make in her or his lifetime and he or she likes to work with the one who has traits they trust like personality and authenticity. They’re also looking to see if you’re the agent they like to work with, so make sure to put your best face forward. Some agents create YouTube videos to show expertise and knowledge blended with their relatable and honest style. Videos may humanize an individual much more than the static site profile. Numerous realtors showcase the area’s beauty they specialize in on videos. Videos also bring a high ROI and have proven to be important marketing technique to generate leads.
You cannot beat a passionate, heartfelt statement from satisfied clients. Reviews and testimonials must definitely be part of your presence online. Video testimonials are a perfect so some potential sellers and buyers can resonate with that individual. If you do not have video capability, there are lots of ways to show your happy customers. Make a page on your social media or website to share testimonials and share them to bigger sites as well. Sellers and buyers will appreciate the customer’s honesty and have high probability to reach out.
It is highly recommended to use social media. Facebook is one of the most dominant communication forms across the globe and the paid ad platforms are cost-effective way to generate some real estate leads. Use this when targeting your core demographic. Majority of marketers include Facebook strategies in marketing plans and you should also. It is a worthwhile, practical advertising investment that would pay off when generating some new leads. Although you do not spend money on the ads, you may still improve generation of leads on Facebook with the use of fresh content, engagement, and optimization.
Real Estate Lead Capture Forms
Majority of people used to look for homes for sale in a newspaper, yet now a lot of consumers start their home search over the internet. Having some forms on your site for lead generation is a good way to bring in the new business. It’s one of the best lead-generating strategies, yet never forget to ensure that your site is fresh and updated so people would keep visiting and you can boost your repeat traffic.
It can really improve your online presence and show your expertise as a real estate agent. Use this to communicate your grasp of everything related real estate consistently. Never forget to end your blog with effective call to action fill out the form for lead generation or make phone calls.
“If you think that money is not important, you don’t have any”
After hearing the panelist make this comment, I immediately looked around the room to see who he just offended. Although I agree with him, I was surprised to hear him make such a strong comment in such a public forum. The truth is, this type of belief makes people without money, and no plans to get it, feel better. I have heard this a thousand times from family and friends when the topic of money comes up.
I remember growing up and watching the movie “Can’t Buy Me Love” in school. The basic idea of the movie is that an unpopular male high schooler is desperate for approval and pays the lead cheerleader to date him for a month; or to at least make it look as though they are dating. This way he will become popular, which was a guarantee of his happiness. The result was that she starts to fall for him and he does in fact become popular. The popularity however, does not make him happy. In fact, the lesson was that money cannot buy you happiness. He was much happier with his original relationships than he was with the new ones from the “cool crowd”. I was in elementary school when this movie was shown to my class and I still remember it.
I have always believed that money cannot buy happiness and that I could honestly be fulfilled without it, but I still wanted it and I still pursued it. I focused a huge part of my life to attain it and now, after all the years of hard work and struggle, I am glad I did. I live a very happy and fulfilled life, and money enhances it.
I relate money to alcohol. Alcohol, when consumed responsibly, can enhance an experience. It can make challenging situations easier and it can bond people together. It can also ruin your life! A difference of course, is that alcohol is much easier to get, but outside of that, there are a lot of similarities. They both are enhancers and they both can be addictive. They both can ease stress, but they both can create stress too. I know rich people that are miserable, and I know rich people that are happy. The money does not create one or the other.
There was a time as I was trying to create wealth that I lost almost everything financially. I went through an extremely challenging time in my business and my personal financial life. I stopped answering the phone because I knew it was debt collectors on the other end. I learned a great deal with this experience. One thing I know for sure is that I never want to be broke again. Although I believe having money is not a guarantee to happiness, not having money is a guarantee of at least some stress and pain. It is possible to be happy without money, but it is a hell of a lot easier with it. Money is important.
From my experience, the only sure-fire way to happiness is through solid relationships. These days I spend a lot more energy strengthening relationships with friends and family that make me happy. I also focus on limiting time and energy into relationships that drain me or do not make me happy. This is tough to do, but the results are positive. Over the years in business, my circle of friends has shifted to more supportive and positive people. This happened organically, but now that I am aware of it, I can focus on it. The real estate industry has been good to me in many ways, but the most important is the people that I have met and that I now spend time with. Some of the most generous, supportive, and amazing people in the world are real estate investors. It is helpful to have a little extra cash to have amazing experiences with people I want to be around.
When you start investing in real estate, how do you decide where to focus, what to study? Naturally, you can’t learn or become skilled in all the strategies and investment areas at once. So how do you start?
For us, single family houses were our primary focus, and that’s still true today. I started there because that was what I knew. I lived in a single family house, had for most of my life, and most of my family and the people I knew lived in single family houses. It seemed like the natural place to start learning. I already knew quite a bit about houses, like most of the parts that go into one and how long a roof or heating and air system should last.
But perhaps you have another area that you’re familiar with. Some investors love mobile homes or mobile home parks. When I ask why, they say that they have lived in mobile homes or a family member invests in them or some other reason why they are familiar and comfortable with that investment strategy.
When you do pick a strategy that is of interest to you, study and learn that specific strategy until you master it. Add more strategies as you go. It helps keep you from becoming so overwhelmed by all the choices real estate offers.
Another variation is that we started out by focusing on neighborhoods, areas where we wanted to own, rather than on a specific type of investment strategy like foreclosures or probate. Because we focused on a few geographic areas rather than on a specific strategy, we became skilled in many buying strategies.
Why? Because with marketing, you never know who is going to call or what type of deal you’re going to run across. Our goal is always to present an offer, a solution, to anyone who comes to us. If you focus on just one strategy – like foreclosures, wholesales or probates – too many deals come to you that you have to pass on because they just don’t fit those narrow models.
Also, when you focus on geographic areas, it keeps your marketing costs lower and your visibility in the area higher because you can market multiple ways in a smaller locale. I’ve written a lot about marketing – how, where and why!
And it’s important to be part of investment groups like your local REIAs and landlord associations to learn and to pass deals to others that you can’t or don’t want to handle. It’s difficult, time consuming, and expensive to find deals (no matter what strategy you use to find them), so you want to have others to pass deals on to that you ultimately don’t want.
Are you attending your local real estate investor meetings? You should be. This is where you will learn what’s happening in your specific area and what other investors there are focused on and why. You’ll also make the contacts you need – attorneys, contractors, buyers, etc. – for your investing business.
Over time, our preferred strategy has changed depending upon our primary goals and desires, the changing economy and current legislation. We own rental properties, we wholesale, and we do rehab to retail.
Disclaimer: This is based on my personal and professional experience. It’s still best to consult with an attorney or your accountant for further clarification.
Today, let’s talk about your properties and what you can do to protect them. Some of you might have recently acquired a property or invested in one but don’t really know how to protect the investment long term. It’s hard to not have assurance on the protection of an investment you spent thousands or millions of dollars on. It’s best that hear from personal and professional experiences on how these people were able to go about protecting their investment.
With my years of experience, I’ve found that the best way to protect your properties is to put it under a Trust. I’ve done this many times that at this point, it only takes me a few minutes to put one property on a Trust.
It works like this: I pick a trustee and you pick anyone that you trust. Then, there will be two important documents that go on the Trust. These are the Trust Certificate and the Declaration of the Trust.
This has a number of advantages. For instance, someone sues you for an accident which involves your house. They’ll see that a Trust owns it and they’ll pull out more information from the Trust.
However, they’ll see that the Trust doesn’t own anything else since what I do is I put each property on separate Trusts which is under its own name.
Most of the time, the attorney would back out when they see that the Trust only has one property. They know how tedious it is to go through the process, especially those owned by LOC.
Another advantage is if ever you get married to someone who owes child support or taxes, their financial obligations will attach with the house. But when your house is under a Trust, no one can touch it.
For me, this is a good thing to have. It reassures you and protects your rights as a property owner or heir. It could be a challenge for you to take the first step, but with the right attitude and goal, you should be able to find a way on how to protect your investments.
Once again, it’s important that you consult with your attorney and accountant for further knowledge.
Real Estate Social Media Marketing is still a big puzzle for majority of the realtors. Why do we need to spend time to promote my business here?
Let us put it in a simple concept – so, instead of having BBQ parties, inviting 30 of your clients, friends and families to network and tell them “don’t forget to refer business to me… and I got this great new listing… ” Kind of annoying, but you got to be whatever it takes to get some leads, right? So, with social networking for real estate, you would simply network through a social media platform to efficiently announce your real estate business, post your new listings, reduced price listings, post informative real estate information, and establish your real estate expert authority. So then, your posts will be viewable by your colleagues, your friends, family members and their connections. We are talking about hundreds and potentially thousands of people in the network. And making connections are just as simple “what is your Facebook account?” Now, we can understand what this real estate social networking buzz is about!
Anyways, I encourage you to take advantage of the power of social networking for your real estate business. Following are some great social media tools to enhance your real estate business. Check it out now!
Klout: Klout is the ultimate social media scorecard and the online community has been already abuzz about it. It ranks your influence online through social media sites like Twitter and Facebook, and gives you a detailed breakdown of your presence there. Once you enter your information Klout will give you a score. It will tell you who you are influenced by, and who you influence online, by showing you how many people comment on your posts, follow you, retweet your content, etc. It is a great tool to see just how effective you are with your social media efforts. It even tells you what categories your information falls into.
SocialBios: This site allows you to upload your photo and bio information, including all your social media information. It then presents all this in a beautiful page which you can upload to your website for your “About” page. All your social media links are posted right there, and there is a live feed from Twitter or Facebook on your page. Visitors can click to connect with you instantaneously via your social media sites. Even better, when people visit your SocialBio page they can see which friends of theirs are connected to you.
The Real Estate Referral Group on Facebook: Broker Jonathan Rivera, also known as the Real-Tech Guy, created the Real Estate Referral Group for agents across the country to share referrals. The great thing is that it actually works. If you “Like” the page on Facebook you can read all about it and post your information so if a referral becomes available in your area you can try to work it. It’s a great tool.
The MLS App for Facebook: A savvy young designer named Jimmy Mackin has created an MLS app for Facebook that allows you to add an MLS search to your business Facebook page. How great is that?! Some MLSs are already using this app,but it is not available everywhere as of yet. Hopefully soon your MLS will grant approval so that you can add this to your Facebook page. You need to let your MLS know that you are interested in having The MLS App technology available. I notified my MLS, and I can’t wait to get this tool on my business Facebook page.
Google Street View: If you don’t already use this tool you are really missing out. Google Street View allows you to enter in an address, and then pan through street level views of any neighborhood. If you have a listing you can plug-in the address and use the embed code to place a video of the street view for that address in your blogs, client emails and online advertising. If you have out-of-town buyers you can send them videos of the street in addition to just email them the listing. Best of all, it’s free!
Taking the idea of trying to time the market out of the equation, how do you know when the best time is to sell a house with equity? I get this question from even the savviest investors all the time. I was just reading some articles from an experienced investor in the Denver area. I know this investor well and have a high level of respect for him. He mentioned something that got me thinking, I don’t know for sure if I agree or disagree, but it is an interesting topic. He mentioned that he has a condo in another part of the country that has a little over $200,000 in equity. He plans to sell the condo this year and leverage that into two or three properties in Denver, where he lives. His arguments are:
- The $200,000 in equity is not growing. In fact, he is losing money on that equity because of inflation. Investing that equity into more properties will help him reach his financial goals much faster.
- He does not want the hassle of owning out of state properties. He wants to invest where he lives.
There is no argument from me on his second motive to sell. I own properties in several states and can tell you that my best, least stressful investments are all within 45 minutes of my office. My out of state properties perform okay when they are rented, but they are hard to manage without jumping on a plane, even with a property manager. Unfortunately, you just need to show up from time to time to get things done.
It’s his first argument that made me stop and think, although I do agree with the basic concept of not holding equity in real estate. I believe this for a few reasons. First, I agree with him that equity in property is producing a zero percent return, and if your goal is to grow financially, you are slowing it down by not leveraging. No one can have a good argument against that, but there are a lot of investors that want to own free and clear property. One advantage of a free and clear property is that you can have a higher cash flow, meaning fewer properties to reach the same monthly income goal. There is also something very comforting about owning property without debt. There won’t be a creditor or lender that can take it from you if things get financially challenging. From that prospective, it is very safe to own debt free real estate.
With that said, another reason I don’t like a lot of equity in houses is that you become a target to lawsuits. I am not an attorney, but I have friends and colleagues that are, and they agree with me on the risk here. Many personal injury attorneys get paid on what is called a contingent fee. This just means that their fee is contingent on them being able to win or settle a case and collect. A fee might be 40%-50% of the collected amount. Knowing this is true, how many attorneys would take a case where the defense appeared to be broke? You cannot collect from a dry well. On the flip side, if you got in a car accident, even if it was not your fault, and the other party wanted to sue, the opposing counsel would first look into your assets. There is no asset that is more transparent than real estate. They can look and see what properties you own and how much debt you have. Even an LLC that owns one house could be at risk if there was a slip and fall on the property. If the asset was leveraged, it would at least appear as if there was not much in the way of assets to pursue. Obviously, insurance is your first line of defense, but many lawsuits take place from mistakes that are not covered by insurance. Free and clear properties could create a target on your back.
So, you can see why I would agree with this investor’s position of selling his property to buy others with more leverage. There are a few augments that come to mind on reasons I might not agree.
First, we don’t have enough information to make that call. If I owned a property and I was considering selling, the first thing I would think about is what I would do with the money and how much is it going to cost me to get it. The returns would need to be high enough in the new investment to cover what I was making and pay me for the cost to do the transfer. For me, I might want to have the return sufficiently high enough that I can recoup all my costs in 18 to 24 months, and everything after that is additional profit above what I was getting with the old investment. I hear investors occasionally mention that they want to sell a property and cash in on their investment. Great! But what are you going to do with the money? If you don’t have a plan in place to reinvest proceeds, you will end up with a much lower return than just leaving the money where it is.
The other argument I would challenge this investor on, is that he can potentially keep the condo but still cash in on the equity. I love to use lines of credit on my rentals, this way there is a lien on title, so it appears to be encumbered, even if I am not using the money. It is also cheaper because I only pay interest if and when I use the funds. Setting this up in advance allows me to make quick decisions and take advantage of opportunities without keeping a bunch of cash in the bank. He might say that he can access more of the equity if he sells and can potentially buy more Denver real estate, which is true. With a line of credit, you would be limited to a percentage of the value, so you are limited on how much you can access.
It is important to point out that each situation is going to be different and based on the individual investor’s goals and needs. There are also many variables that go into this type of decision, and it can be tricky to navigate. It would be a good idea to have a trusted advisor look over your strategy to help you make the best financial decision for you. Please feel free to reach out to our office if you ever want to bounce an idea off us. Obviously, we would love to make a loan to you on your next project, but we are also opened to helping if you need a little hand holding.
When doing renovations, people rarely think about long-term resale value. Most families just want a really nice place to live and they work to create their forever home. However, life can be unpredictable. So while it is joyful to make a dream home, those dreams need to be balanced with an understanding of whether or not those granite countertops or that second story are good investments in the long run.
What is resale value?
We hear the idea of resale value quite often pertaining to real estate. The ideal is to buy a property that is a good investment and to have its value appreciate. Good maintenance and appropriate renovations help ensure that when it comes time to sell again, the property has gained equity and you’ll make money.
However, the amount of money you’ll make depends on market appreciation. Which is why it’s important to make improvements that fit the property and the neighborhood.
Location the key factor to consider
If you’ve bought a property by a highway or another not-so-great location, you probably got it for a good price. If that location’s value doesn’t increase during the time you own it, you’ll probably have to sell it for a similarly good price, even if you’ve done a lot of work on it.
Many property owners invest in renovations that aren’t in keeping with the neighbourhood. As a result, they end up selling for less than they invested, which can be heartbreaking.
Before you renovate, look at what has been selling around you – at what cost for what quality? If the most expensive home in your neighborhood sold for $400,000 after being completely renovated, it doesn’t make sense to style your house to a value any higher.
And really, how special are those $10-per-square-foot tiles anyway? Go with the $5 tiles instead.
Focus your investment to one or two elements per room. Make pricey items such as granite countertops, a fancy backsplash, or a higher end faucet; work like show pieces, similar to a piece of art.
Smallest may be best when it comes to resale
As for adding a second story to create more space for an expanding family, it may be worth it in the long run to hunt for a bigger home.
If you invest an extra $100,000 on a two-bedroom bungalow in a neighborhood full of two-bedroom bungalows, you may never recover that full investment. It may be a much better idea to take your equity and find a larger home in a neighborhood where your investment will hold and even grow in time.
When it comes to resale value, it’s always better to have the smallest house in an area with mansions rather than a $600K house surrounded by $300K houses.
Of course, creating a joyful home should always be the first priority. Just make wise decisions that will bring you prosperity and happiness for years to come.
Although, some believe, holding an Open House, is key to the sale of a house, in reality, it is, just, one, component, in an overall marketing/ selling plan and system. While, nearly every real estate agent conducts these events, the value of them, often, substantially differs, dependent upon, how they are used, and conducted. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 extremely important, key steps, to make them, as successful, as they might be. Unless/ until, these are done, effectively, and efficiently, there is the risk, they are wasted, in terms of time, money, effort, energy, and potential results.
1. Marketing/ promoting: The best results come from, determining the best approach/ way, to market and promote them. Which advertising media, might make the most sense, for this particular property? Why do you believe so? How will you achieve, the most, bang – for – the – buck? Start by identifying, the niche, if any, this house and property, fits, best, in, and, then, investigate the best options, to attract, the right, qualified, potential buyers. While everyone wants a big crowd, to be attracted to their Open House, unless/ until, it is, predominantly, real buyers, rather than house – hunters, you will probably not achieve the most desirable objective!
2. Greeting/ welcoming: You only get one chance, to make a first impression. This adage, is true, for, both, the house/ property, itself, in terms of curb appeal, staging, eliminating odors/ clutter, and other negatives. It is also true, of the agent conducting it, and how he greets, and meets, people, at the door, whether they feel welcome, and appreciated, and, directs them, forward.
3. Sign – in: You won’t be able to follow – through, effectively, until/ unless, you get, as much information, as possible, about everyone who attends. While I prefer to get them to, sign – in, via a digital tablet, at least, it’s very important to. at least, get them to do it manually. How can you follow – up, if you don’t have this? When you use a digital program/ application, you can stream – line the process, by automatically, transmitting follow – up, emails, immediately.
4. Show/ Questions and Answers: How well you show the house, often, depends on, how comfortably, you welcome and encourage questions, with genuine empathy, and the thoroughness of your answers/ responses!
5. Follow – up: A real estate agent should consider an Open House, both, as marketing for the subject house, as well as, for you, as an agent. Will you stand – out from the crowd, by being proactive, etc? Use the opportunity to, both, follow – up, for selling this property, as well as making appointments, to show other houses, to those, who aren’t that interested in this one.
All spotlights are on your house for a photo shoot that will make it an instant star. Like a celebrity, it will mesmerize people and possibly have a fan base from whom will emerge a possible owner soon. But is your house ready when the camera starts focusing on its beauty? Will real beauty be captured? If your house is soon to be an object of a photo shoot for a marketing effort, then these are some things you should follow according to the Florida Realtor Magazine.
- Brighten up the house. Photos always look best when light is great. The house should receive as much light as it can. With this, all interior lights should be turned on while allowing natural light from the outside to enter. Do this by opening doors, blinds, curtains and drapes.
- Refresh the house. Imbibe freshness on the house. Make it as clean as possible. If necessary, apply new paint on surfaces needing them. Check for some peelings or chippings on walls and repaint at once.
- Lose your identity of the house. Unless you’re preparing your house for a feature that will tell your story, personalizing it with pictures and other things will do just fine. But if the photo shoot is to sell your house, then start removing things that will give it your identity. Photographs, calendars, boards, and other things that will show your identity and give impression of the date should be removed.
- Eliminate unnecessary things inside and outside. Decluttering the house covers both interior and exterior portions. Reduce the number of furniture for showing. Shelves must be minimized of books and magazines. Countertops must be stripped off of unused kitchen gadgets. Jars, bottles, and other empty containers residing on the yard must be eliminated too. There’s always the recycling shop to monetize them.
- Accessorize, but not too much. Reducing the displays will be defeated if you’re just replacing them with other objects. accessorizing doesn’t mean that you have to equate what you’ve removed. Attractive vases are always good displays especially if there are flesh flowers on them. Give a scale view of the length and width of tables by putting smaller but attractive objects on them too. Center tables can host a dish garden instead of too many ceramic displays on it.
The house is a great object for photo shoots. By following the tips above, you’re sure to have wonderful photos of your house that are also good for viewing by potential buyers.