The online real estate marketplace Zillow has just launched a new feature called “Zillow Offers,” formerly known as Zillow Instant Offers, aimed at helping seemingly impatient sellers quickly offload their homes. Zillow Offers is a faster way to sell a property and it comes with a free comparative market analysis (CMA) from a local real estate agent. Here's how it works: You answer some simple questions about your property. You let Zillow offers know if major changes have been made that aren't in the public record. Zillow sends you an offer within two business days. You have three days to
Want some tried and true tips for creating an ambient and lovely outdoor space that buyers will love? Remodeling Magazine was just one of many that seem to estimate the average return on investment for having an outdoor kitchen installed is shockingly high. The ROI could be even more significant if you know how to install an outdoor kitchen yourself. Ideally, outdoor kitchens feature a pleasing, concrete or stone patio and a separate area for dining. Gazebos and pergola also make the outdoor kitchen stand out to homebuyers. A pergola will add value to any house. ROI after having a
Landlords marketing to Millennial renters face new challenges. For example, most Millennials get almost all of their information from social media. As a lessor, you simply must have an online presence that incorporates a variety of social media platforms to fully market to millennial renters. Don't simply post an ad online on Craigslist and think you have your online presence covered. It important to post to Craigslist, of course, but that shouldn't be your only online presence. Instagram is an incredibly useful online marketing tool. It's a generational favorite. Also, don't merely post a photo and your information to Instagram.
Millennials are the new perfect market for house flippers. Why? Well, according to what Charles Tassell, chief operating officer at National Real Estate Investors Association, told Realtor.com, millennials want to move into home that require very little work. They don't want to have to do their own home upgrades, replace toilets and cabinets, or go through the hassle of re-siding a home. They'd prefer homes that are ready for occupancy. Plus, and here's the big thing, they make up 35 percent of the homebuyer market. Millennials outnumber homebuyers for every other generation. So, believe it or not, home flippers, your
Since millennials are now the biggest group of homebuyers, house flippers need to make some adjustments. Do you know how to sell a home you've just bought with the intent to flip fast to a millennial? So, first off you will need to find the right size and location. We discuss this in an separate blog post about millennial home buyers. Now, here are some smart ways to target this huge market. Make It Instagrammable Make it instagrammable? What does that mean? If you're in an older generation, this might not make a lot of sense. Yet, millennials fully enjoy
Signs are a terrific way to advertise a property you have for sale. At the same time, don’t fall victim to these common mistakes! Breaking the Law – depending what county you live in, it may be illegal to post signs for your property. In some counties, you can only post them on specific days (for example, on weekends). The last thing you want is to spend all of your time placing your signs, only to be fined and have them removed. Your sign is too small – simply put, a person cannot read what they cannot see. You should
As an investor, you know how important it is to have a team of professionals by your side. But how, exactly, do you find a Realtor® who understands how to sell investment properties and who can market aggressively to get yours sold? How to Interview Top Producer Real Estate Agents Let’s face it: Top producers aren’t sitting around waiting for you to call and interview them. They’re also not likely to chase your business. They’re top producers for a reason, and that means if you want to work with them, you’ll have to make some time to conduct some interviews.
If you’re investing in real estate, you know you need to have what buyers want. But millennial homebuyers want different things than older homebuyers do – and your market research will tell you who’s more likely to be looking for a home in the neighborhood you’re investing in. So what do millennials want in a home? Because we’re a hard money lender in Atlanta, we have a unique perspective… and in-depth knowledge of what younger buyers want. What Millennials Want in a Home First things first: millennials want a turn-key home that doesn’t require much work, according to Bankrate. Like
If you’re a real estate investor, you already know that you need to have buyers for the properties you’re working with—otherwise, you’re not going to make any money (and isn’t that the point of investing?). You know, too, that you need the ability to purchase properties quickly at the right price. So how do you do those things together so that you’re consistently making money and turning over your investments? Creating a Buyers List Every REI needs a quality buyers list. It’s a list of REIs who typically want to buy properties to rent to tenants, but you can make
We’ve talked before about having a great plan before you jump into any real estate transaction—and part of that plan is knowing the true costs of rehabbing a house. Unfortunately, some real estate investors misjudge their investments and end up skimping on the finishing touches on a house… but in most cases, it’s those finishing touches that “seal the deal” with buyers. Cheap Finishes Can Kill Your Sale The bottom line is that skimping on finishes is a mistake. When you misjudge your budget or you decide to cut corners by choosing cheap finishes, you’re setting yourself up for failure.