When Is The Best Time To Buy A House?

Todd Teta, chief product officer of ATTOM Data Solutions claims, “Closing on a home purchase the day after Christmas or on New Year’s Eve can be one of the most financially beneficial holiday-season gifts you can get.”  Although, some might think spring is the prime time for house shopping. December is the time to buy.  

Analysis from his company shows that there are only three days in the year where homes are seen being sold below market value.  All of which occur in December.  

The report shows discounts of .3% over sales price the day after Christmas and discounts of .1% on both, New Years Eve and December 4.  This study was determined with more than 23 million single family home and condo sales over the past six years.

If you haven’t found a home on one of these days, analysis shows December is the overall best month to buy with a stay pay premium 1.2% above market value.  Which in comparison is better than any other month with premiums as high as 7.1%.

Throughout the year, home prices hover around the same median despite the drastic jump in premiums; $197,500 in October; $198,018 in November; $198,000 in December.  

Moving away from yearly averages, and breaking it down by state shows homebuyers in Ohio experiencing the largest discount below market value, buying at 7.4% below market value in January.  In Michigan, with prices down 7.2% in February; Delaware, with prices down 6.3% in February; Tennessee, with prices down 6.2% in January and New Jersey, with prices down 5.8% in December.

Teta explains, “While lots of folks are shopping the day-after Christmas sales or getting ready to ring in the New Year, our data shows that buyers and investors are buying homes on those days at a discount, that’s a far cry from buying during June, when they are likely paying about a 7% premium.”

Real Estate Mentoring Program

When you’re just getting started with a new venture, especially those that revolve around skilled investments such as real estate, you have a tendency to make a lot of errors.

Most individuals who develop an interest in real estate investment end up looping from one mistake to another for many years, even after devouring lots of ebooks, videos, and training courses on the subject.

What is the missing link preventing most wannabe real estate investors from attaining financial freedom with real estate investments? Why do some people attain huge financial success whereas others see not even an ounce of success?

Why Ebooks And Courses Simply Serve To Confuse You

Some hard-working investors have been able to get started on their own and make tons of money, but they are the exception. When you find yourself failing constantly, what you need is a real estate coach.

E-books and courses drag you in different paths, but a real estate coach sets you on the right course to success. You gain extensive knowledge from their expertise, and through their training, you are able to focus on a single goal at a time, which is critical to success.

They can also notice mistakes you’ve neglected and guide you on what to do as an alternative. It’s like they’re a teacher, gripping your hand and telling you exactly what to do. With that type of support, your possibilities of success rise significantly.

The Only Real Estate Mentoring Program I Endorse

You’ll find numerous real estate mentoring programs on the internet, all with identical assertions of helping you become a six-figure real estate professional in as little time as feasible.

Every one of these programs are clearly expensive, so selecting the right one is of crucial importance. Select the wrong one and you’ll likely end up regretting losing time and money you simply cannot ever recover.

I’m a successful realtor, and I got my training from my coach, Phil Pustejovsky. Phil Pustejovsky owns the Freedom Mentor Apprentice Program – a program that shows you the ropes on how to accomplish financial freedom in real estate.

The Freedom Mentor coaching program is not a program you can just buy whenever you want. You have to put in an application initially, and you’ll only be accepted to the program if your request is accepted.

The actual fact that Phil Pustejovsky screens applications goes to show how much he wants you to be successful. He’ll solely accept coachable, action-oriented, and positive thinking applicants.

Phil was once an amateur as well. He began from rock bottom and only started to achieve success after he met his mentor, Tom.

Since then, he has been able to close 10s of millions of dollars worth of deals while earning millions of dollars in proceeds throughout the process.

If you think Phil’s knowledge would have a positive effect on your real estate venture, then you have to give special focus to the following paragraphs as I talk about his Freedom Mentor program in more detail.

Why Freedom Mentor?

By subscribing to the Freedom Mentor coaching program, you’ll gain access to premium tools and resources to help you close your very first real estate deal.

These consist of access to a lender list, an instruction/lead-generating software to aid you get deals quicker, and a personalized investing strategy.

That’s not all, though. You’ll also receive 3 live mentoring calls monthly with Freedom Mentor’s instructors, 2 conference calls every week, and the ability to ask questions as well as instantly receive answers from the mentors through an instant message platform.

There are two really good attributes of this coaching program which help it stand out from the competition. The first feature is the range of helpful mentors and coaches it includes.

You won’t have access to just Phil Pustejovsky’s coaching as soon as you become a member. Freedom Mentor is made up of a team of mentors and coaches personally taught and mentored by Phil.

Such are the coaches you’ll be getting assistance from. You’ll have access to a consolidated pool of knowledge and experience from many of the best coaches in the field.

The second feature that makes this program so impressively good at helping aspiring realtors gain success is its 50/50 split.

This basically implies Phil shares every one of his valuable real estate tricks with you, and you share 50% of the profits from your first couple of deals with him.

Once you’ve finalized your first couple of deals, you may then proceed to become an independent property investor, equipped with all the insights you’ve acquired from the mentorship program.

If you have a talent for teaching or coaching, you could even establish your very own mentoring program and show your students the actions required for success just like Phil does.

A few of Phil’s previous students are presently running their own mentoring programs after becoming successful real estate investors.

Note: I know the program offering improvements every now and then as they continue to fine-tune it and improve it. Nevertheless, this is up to date as of this writing.

Conclusion – Action Takers Desired

The Freedom Mentor coaching program is geared towards folks who are 100% committed to becoming successful real estate investors. If you aren’t prepared to treat real estate investing like a business, this program might just not be for you.

The tools, resources, and mentoring offered in the program are sufficient to set you on the right path to financial freedom.

Since you’re splitting your first few profits with Phil, it is really in his best interest to make you succeed, and you have as much determination to do just that. It’s a jointly beneficial arrangement, so you practically can’t fail if you put in the energy and time to help make this work.

Generally, the Freedom Mentor program is the best way to get started in real estate investing. You’re getting all the help you want from a professional in the business. There’s truly nothing more you need to help make your real estate dreams come true.

Why You Should Invest In Real Estate

Why You Should Invest In Real Estate

With real estate investing, you can either be incredibly successful, or you can lose it all. Yes, location, location, location is hugely important, but so who you are dealing with is even more important. The reality is that there are some seriously shady characters in the world of real estate. These are the ones you see on late night telly, promising you untold riches.

The first thing is to find something with a good return on investment. Real estate is an illiquid asset that requires you to minimize on your liquid assets. Try to make sure that the return rate you get is the same as what it was on your liquid assets. In other words, you are looking for a property with potential cash flow, rather than a money pit.

For yourself, become a manager and negotiator and improve on your people skills. Practically, you must be able to do repairs, or have people on board who can do this for you. Last but not least, make sure you hire a property inspector. Generally speaking, investing in property means you will become a landlord. Hence, you need to learn what this means and how you can find good tenants. It is hugely important that you have available capital, because real estate investing is about spending money to make money. It will be nearly impossible to get involved in this world without having some money of your own. Now that you are ready to get started, you need to look into the location. Go to the library and use the internet or even go to town board meetings. You must get to know the location as it is at present as well as looking into future development plans.

If you don’t have a lot of money to invest in a property yourself, it is easier to get started in this world if you are still young. This is due to the fact that banks will generally want you to put at least 20% down on a rental property mortgage. That kind of deposit can be too expensive for many people, particularly if the property itself will need some repairs as well. However, if you are a bit younger, banks may be slightly more understanding. There are quite a few other things you need to look into. Naturally, one of the most important things you need to do is find a property that suits your needs. Finding a property involves a whole lot of research and analysis as well. One of the things you will also have to do is find a realtor that represents you properly. They will help you to find the best properties for your needs. Once you have found a property, you will need to go through the process of actually becoming a landlord, which also takes a lot of training and research. However, overall, it is time well spent.

Introducing Trouble-Free Advice When Thinking Of Selling a Property

Crucial Standards To Search For Selling a Property

A lot of individuals are now investing in real estate so in case you are likely to sell your house, you must do it right now. The only problem here is that it’s going to be challenging to sell a property.

You may have seen a lot of articles stating that selling a house is easy or you have seen some adverts informing you that they could sell your property within a certain amount of time. If you’ll choose to reduce the value of your house, it could be more appealing to the buyers, but it is not a good thing to do.

In the real estate market, the supply surpasses the demand, but there are many methods on the best way to efficiently sell your house. Below are a few of the guidelines on the best way to do this.

Think About the Curb Appeal of The house

First impression lasts so your home should give a great impression to the buyers once they pull up in front of the property. You can put yourself in the shoes of the buyer and determine if the curb appeal of your house is good enough to attract buyers. You should determine if the house can provide a good impression to potential customers or it needs maintenance.

The prospective customer will first see the outside of your home and you have to understand that they always pay attention on how the house looks outside. Get everything ready and fix whatever you have to fix in the house.

Upgrades in The house

Making some upgrades in the house is essential if you’d like to attract buyers. You will need to improve the interior and outside of the house so it could be appealing to the buyers. If you are planning to sell your house, you must check everything that needs to be fixed and make improvements accordingly. Nevertheless, you must not over improve since there are upgrades that will not really make a difference.

Enhancements will absolutely boost the value of your house along with its odds to be sold, but you cannot make enhancements that will not pay in the end. You must make your own research and only invest on things that would offer the best return.

Take Away The Clutter

Some people say that adding more designs to your property will increase its chances of being sold, but you must remember that personal items, collectibles and art works should be removed because they will not really help in selling the house.

The best thing to do is to eliminate them all and leave out the essential furniture to make the rooms larger. The objective here is to allow the buyers to picture themselves residing in the house that you’re selling.

Most buyers will start pointing at every section of your house while visualizing what they really want to put there if they will buy your property so if there are unnecessary and personal items in the space, it could be difficult for them to visualize what they want.

You should Offer a Reasonable Price

If you’ll sell a home in Oregon, you should put up a competitive price for your property. If you’ll only put a low value, it’ll be similar to leaving money on the table and if you put a high price, it’s going to be unappealing to the customers. When it comes to home buying, the customers are always searching for houses which are quite similar to yours and compare prices. If your house is very costly, the buyer will absolutely ignore your property and check others. Most buyers are counting on home financing so they cannot really afford houses that are very costly. You can sell the house easily if you’ll set a low value, but you can’t get your investments back.

Looking For A Real Estate Agent

You cannot sell a house without professional help and it could be a bad idea to do it by yourself. You do not have the experience and knowledge to handle everything so it’ll not be an excellent suggestion to sell your house without hiring a professional real estate agent. If you’ll try to do this by yourself, there is a big chance that the house will not be sold or you will not obtain a great deal for it. You may actually get lucky to obtain a great deal for the house, but you must always remember that selling a property will not be about luck since plenty of money is at stake.

You must hire an agent and permit them to deal with everything for you. You’ll need to pay them for their services, but it’s better than getting a poor deal.

Before you decide to sell your house, make certain that you follow all these simple recommendations. They are very basic, but you could assume that these recommendations will help you sell your house quickly.

Selling a Home Can Be Tricky; Don’t Make it Even Harder On Yourself By Making These Common Errors

Selling your home can be pretty stressful in itself, so you want to do everything you can to prepare for a successful sale. Avoiding these mistakes will save you a lot of time, stress, and more importantly, money. To begin with, choosing the wrong agent can be the largest mistake you can make.

A bad agent will kill your selling price, leaving less money in your pocket when its all said and done. It’s easy to just call up the agent that helped you buy your home years ago, but you must recognize that selling is way different than buying. See: Priced to Sell: A Game Plan for Setting Your Listing Price. The realtor may be a great buying agent but have a poor selling record. It’s easy to just work with your friend or family member that is an agent, but that’s a great way to ruin a relationship.

You might think that working with an agent personally close to you will be fun, but it’s actually never a good idea. One main reason is that your friend or family member may be lazier with you. When an agent is working with a typical client, there’s more pressure to impress. If the agent doesn’t impress their client, their reputation could be damaged. What are the 25 Biggest Real Estate Mistakes?

Even the most educated agents can make mistakes, and you should be able to express your frustrations and concerns with your agent. There’s a big difference between a hired professional telling you something you don’t want to hear over a close friend telling you something you don’t want to hear. If you think your home is worth more money than your agent, you won’t really take it personally if it comes from a hired professional.

With the tools we have today, most people put in a decent amount of effort and research before purchasing simple products. Yet, most people just work with the first agent they speak to, which is surprising considering that selling your home is one of the largest financial transactions you’ll ever make.

You’re not in the wrong for wanting to make a lot of money off of your home, but you might be wrong about how much you think it should sell for. It can be hard to face, but setting the price too high can cause your home to sit on the market for a long time, making it unattractive to buyers.

If it’s your first time selling, you might be turned off by all of the closing costs coming your way, and soon you may find yourself thinking you could sell it yourself.

This usually is not a great idea. Should you choose to embark on it and get too overwhelmed, you can always bring in an agent. Read on for: Top 10 Mistakes When Selling Your Home.

What Do You Do When Your Appraiser Comes Back With a Shockingly Low Number? Here’s How You Can Appeal a Low Home Appraisal

There are few things worse than being told your home is worth below your list price. A low appraisal can lead to a canceled sales contract because lenders won’t approve mortgages for more than the home’s value. Most lenders have a process for challenging an appraisal. However, it will take a lot of work and research. See: How Do I Appeal My Appraisal Assessment?

If you aren’t happy with the appraisal, the first thing you should do is read the copy. Look at it, and really be honest as to whether or not you can offer a “sound” argument. What did similar homes sell for in your area? If you can find that many areas similar to your home sold for more, then you may have a sound argument.

It is worth bringing this to the attention of both your bank, and the appraiser. Especially if any of those sales occurred after your appraisal. What you’ve got to do is give the appraiser a reason as to why your home is worth more than they said it was. That will be the goal throughout the appeal process. 

The next thing you’ll have to be able to do is point out any missing comparisons; or, any bad ones. The appraiser might not know about all of the homes in your area that have sold in the recent days. If the houses in your home rarely sell, that’s an issue.

All comps should show properties that have sold in the last three months. If your appraiser is using comparisons from anything more than three months old, you have a pretty good argument. You can try to show that the market has changed since then. However, this is only viable if your appraiser really did use comps that were outdated. Or, if they didn’t even factor comps in at all. 

Another thing you can do is show them any improvements you made to the house. Be sure to also show them receipts. They might not have noticed that you added stainless steel appliances to the kitchen, or that you added a walk-in closet. Maybe they missed the brand new fireplace that you added in the bedroom.

You never know; appraisers are people too. They could have been having a bad day, and rushed through the appraisal. The last thing you can try to do is call another appraiser, in order to get another opinion. Of course, if the next appraiser says the same things that the first one did, you’re going to have to start accepting the new value of your home. Read on to find out more about: How to Challenge a Home Appraisal.

No One Ever Buys a Home Expecting One Day They’ll Have to Foreclose On It. Here’s Everything You Need to Know, To Stop Foreclosure

The home foreclosure process is a process that allows a lender to recover money that was lost by a homeowner not paying back their debt by their lender. The bank recovers this money by taking repossession of the home. This process begins when the borrower defaults on their mortgage payments. There are only a few endings to foreclosure. Read: How to Avoid Foreclosure.

Either the borrower pays off their missed payments during pre-foreclosure, the borrower sells the house to a 3rd party, a 3rd party buys the property at an auction; or, the bank re-posesses the house and sells it on the market

Foreclosure timeline

Late & missing payments. The bank is going to take many attempts to handle it with the homeowner. If the homeowner does not cooperate, or ignores all of their phone calls, the next thing they’ll be doing is calling an attorney. This attorney is going to call the homeowner to try to resolve the problem. See: How to Keep Your Home.

If the homeowner still continues to ignore contact, the attorney is going to file a lawsuit, letting the public know that the home is pending foreclosure. The reason this is done is to prove that the owner has defaulted on the mortgage, that way they can get permission from the judge to continue the foreclosure process. 

Pre-foreclosure. When a homeowner has missed three months worth of payments, and ignored the lawsuit letter, a notice-of-default letter will be mailed to them from their lender. This notice gives the homeowner instructions of what they have to pay to them, as well as the deadline that they have to pay it by. This deadline is not a joke. It must be paid by then. See: 8 Tips for Choosing a Foreclosure Attorney.

Auction. If the homeowner still hasn’t paid by pre-foreclosure, the property is going to be sold at an auction, which is held publicly. The lender will set a bid (usually a minimum) which equals the amount owed on the property, as well as any fees to the lender. Read: Find Local Foreclosure Attorneys.

Post-foreclosure. If a 3rd party didn’t purchase the house at the foreclosure auction, the lender is going to take ownership of it. At this point, the home is bank-owned property. These types of homes are either then listed on the open market by a real estate agent, or, the lender will sell the it in an auction house at a convention center.

The only way to exit foreclosure

Foreclosure can only end if the owner catches up on missed mortgage payments, they get a loan modification to lower their mortgage payments, the owner sells the property for less than what is owed on the loan (short sale), or, a deed in lieu of foreclosure