Investment Real Estate - Time to Unload
|
|
|
1.Tenants - Good and bad can cause problems for a seller.
Tenants like to talk whether or not they have any idea of what
they are talking about. Tenants have killed deals and have
misled buyers to wrong conclusions. Your tenants are afraid of
change, they may not like you or your management company but
they feel safe because they know you.
2.Property Managers - On site managers can get in the way
especially if they are concerned about their future employment.
Your off-site property management companies will be very helpful
with the transition to a new owner. If you have been dealing
with them honestly they may hope to follow you to your next
project.
3.Maintenance Contracts - Have all contracts with your
maintenance companies up to date, inspections complete and
truthful answers to any deferred
|
|
|
maintenance questions.
Warranties, replacement and repairs files complete and up to
date.
4.Code Enforcement - Problems can occur if you have made
improvements to the property without obtaining the proper
permits and completed necessary inspections. Additions,
electrical upgrades, new baths, new kitchens, decks structural
repairs or renovations all may need to be permitted. Going back
after the fact is expensive and may result in fines.
5.Banking and Accounting - Prior years tax records, accounting
records audited and unaudited, bank statements. The better
records you have the easier it is to verify your expenses and
prove cash flow. The easier it is for the buyer to confirm the
price and get financing.
6.Realtors - Depending on your property you may need a
commercial or a residential
|
|
|
TODAY'S NEWS:
Eugene W. Landy, President, commented on the results of the first quarter of fiscal year 2012, "The first quarter represented a strong start to the new year. We acquired four new properties comprised of 540,000 square feet for a total of $35.7 million.
Four out of 10 people living in the Seoul metropolitan area, Gyeonggi Province and the neighboring city of Incheon are willing to buy more
|
|---|
|
real estate agent. Don't get them
mixed up. With multi family 6 units or more use a commercial
agent, single family or 4 units or less use a residential agent.
Commercial agents will charge 10% to 12% or more you are paying
for their knowledge, expertise and contacts its' well worth the
price.
About the author:
Bill Carey offers insights to the buying and selling process of
residential real estate for F*R*E*E information and reports see
http://www.CharlotteNCExecutiveHomes.com "Insider Real Estate
Secrets Revealed" ...a must-read for Home-Owners and Renters!
It's a FREE 12-lesson e-course covering more than 20 topics
exposing the realities behind buying and selling a home. It
Could Make(or Save) You Thousands of Dollars
|
|
Real Estate Growth: How Long Can It Last?
There has been speculation in the media recently about the fact that...
Resources for Online Real Estate Courses
You've made the decision to move ahead in the real estate world and...
Top 10 European Countries for Real Estate Property Investors
If you're looking to diversify, broaden or even begin your
property...
Dealing With Dual Real Estate Agents
Historically, real estate agents have represented the seller of a...
|
|
|
