Investing in real estate investing can be a smart move, even though it isn’t always an easy one to make. But before you decide to invest in real estate, Solly Assa, a reputable real estate expert, recommends taking some time to carefully examine your schedule and personal commitments. In fact, the first and golden rule of real estate is “be patient, don’t rush.” An investment property is a huge commitment and in order to succeed you to consider all short-term and long-term costs. If you’re new in the market, the variety of options can easily overwhelm you. Hiring a real estate agent can help you navigate the processes of property buying or selling.
Although most sales are conducted through an agency, you’re always allowed to sell without their assistance. If you don’t want to pay real estate commission, you can put in some time and effort, and sell without any agents. Without an agent, you’ll have to do your own negotiation, and that is very different than buying a car since the risk in buying a home can exceed all price considerations. Agents know facts about that neighborhood in which they operate, and that’s equally important to both buyer and seller. Without an agent, you’ll also won’t have a neighborhood specialist to rely on.
With or without a real estate agent, one thing is for sure, obtaining the paperwork is a must. There are plenty of realtors that want people to think that they are the only ones that can go through with such transaction. In Assa’s experience, that isn’t always the case. Sure there is a lot of paperwork and legalese involved, but to think that one can’t complete a transaction without an agent is completely false.
If you decide to do the job yourself, here are a few tips offered by Solly that can hopefully help you and make the process as easy as possible. This should go without saying, people don’t want to see your clutter, they want to see the rooms. You should especially pay attention to your kitchen and bathroom since they are known as the rooms that can traditionally sell houses.
The most important rule in real estate is to look for location and value. People want to be sure that their rental property will always be occupied. That’s why you should only consider properties that promise high returns.
In conclusion, you can try to do it alone in order to save money, or you can hire an agent and benefit some of the advantages. Regardless of your choice, you will certainly dedicate time to your sale, as it is of the biggest transactions of your life.