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FAQ

I have some money which I wish to invest in real estate business but I do not know what steps to take exactly. Do I just look for a property and buy and then sell to a high bidder or what?

Real estate investment is always a good decision. But, before investing in real estate you should check for the property before buying it. Do planning before investing like how much amount you want to invest, where you want o invest e.g. in residential areas or in commercial areas etc. Do research for the area where you are investing that in future you will get benefits if you want to resell that property or not. Because, sometime we take decision without thinking and then will not get exact amount in reselling which we are looking for. So, check for all of the aspects before invest in property.

is it investing in the house and making it look better? how do real estate agents make there money. i know some are extremely successful and i don't understand how they are so wealthy.

First okorder / To stop this dishonest business practices. One day and soon i hope there will be a mandatory, county ran MLS that is publicly assessable, only then will there be a fare and honest housing market. Till then good luck, on even being able to find most of what is for sale.

I am dealing in Real Estate and want to know how i can invest in Houston. If you have any suggestions Please reply freely.

FHA as well as conventional mortgage lenders consider a 4 plex as a single family home as long as you occupy one of the four units as your personal residence. You would have the same interest rate as a person buying a single family house. There are a few qualifying factors in your being able to be qualified and be approved for a FHA mortgage loan, such as being in the same job career for a minimum of 2 years, able to produce federal income taxes and w-2 forms for 2 years, 6-12months of bank statements and other items your mortgage loan officer would inform you that would be necessary.

Is there anything that your real estate agent could have done better? What did they do or not do that stood out?

I have dealt with real estate agents as both the buyer and the seller many times and have met many, many realtors. The biggest shortcoming that I feel most real estate agents have, is believe it or not, sales and marketing. Selling agents tend to put your property on the MLS and wait for someone to call with and offer. They really have no marketing or sales training. They will argue that 98% of all properties sold are listed on the MLS. Of course! They don't try any other methods. They will tell you it is listed on the internet on X number of sites. Most get their information from the MLS and the ones that don't, like their personal website, get no traffic, because of a lack of marketing. When someone does show and interest they very, very rarely have the sales skills for overcoming the potential buyers objections. The potential buyer does not like the color of the bedroom walls. Suggest they buy a gallon of paint. Suggest the seller may have the room painted to your desired color. Buying agents tend to do a mass search on the MLS for properties that fall within the price range and area you have given them regardless of other criteria you may have given them regarding number of bedrooms, bath, floorplan, size and amenities. They drive you around showing you house after house waiting for you to walk in to one and fall in love with it. It never occurs to them to ask, What would it take for this house to be the one you buy? Don't like the color of the bedroom walls. I'll buy you a gallon of the paint of your choice. Maybe, we can get the seller to paint it. In all my years I have had one buyers realtor showed us only houses that met our exact criteria. This was refreshing.

I'm looking to Leave my change careers and sell Real Estate. Is is true about the earning potential?

Hi NME, Career in real estate can be quite demanding. Your earning is unpredictable. Don't get into it if your only motivation is money. You have to be passionate about helping people because that is what it is all about . Do your research before switching careers.

I am a real estate major, and I don't intend to graduate and sell homes like others do. I want to get into heavy scale real estate investments and the like. I also want to go to law school after that and see how the combination goes. But I still dont' know what will make me a unique realtor from others who did not have a BA in it. Pls help. Thank you

I'm an economist, who is also looking to buy in the Seattle area. Realtors have a pretty bad track record when it comes to predicting the Seattle market. They are out of touch with the current reality as well. Housing prices in Seattle have usually ranged about 3.5x income. That changed in 2001, and especially in the last few years got out of hand, nearing 5-10x annual income depending on the area. That's a bubble, and until prices come back to reasonable levels that people can afford, housing is a bad, bad investment. I wouldn't even consider buying for another year. The one caveat is that if you can find a nice house and can convince the owner to depart with it for a DEEP discount (say, 25 percent off the current price) you might consider it. By the way, your realtor is on drugs if they see signs that the market is coming back. There is absolutely NO data to back that up. Also, prices will probably flatten out for a while at some point. They aren't going to magically spike up. You'll be okay if you wait to see if prices have stopped dropping.

how can i find information on getting my real estate license in washington??? ill probably be living in the tri-cities area.. (kennewick, Richland, pasco.) please help.

check the local realtor, they often hold classes to get you certified to get your license and take the exam.

seeking a real estate company that will help sell our timeshare in Virginia Beach,Virginia?

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