Tips For Choosing a Real Estate Agent

If you are buying a home, choosing a real estate agent may be the most important decision you make. A good real estate agent can help ensure that you are notified of homes that meet all your criteria. A good agent will also answer your questions and will walk you through the buying process, which is an invaluable service for first-time homebuyers. Despite all this, most buyers choose their agent in a completely haphazard way, simply falling into a relationship with the first real estate agent they encounter. A much better strategy is to do some sleuthing to uncover the agent who will truly help you find that perfect property. You can find the right professional by:

1) Interviewing candidates. It may seem like a lot of work, but comparing different real estate agents from different agencies can quickly show you which agents you respond best to and which ones seem to offer the best service. Interviews also allow you to assess experience, education, and other factors important in a good real estate agent.

2) Checking qualifications and sales. Look for a real estate agent who has some experience and has been on the job long enough to have expertise in the area. Ideally, you want someone who has worked as an agent for years in the same area and has an impressive sales record. In every community, you will generally find a few agents who perform very well because they know what they are doing and are good at what they do. Look for these agents and check to make sure that no complaints have been filed about them with the State Board of Realtors.

3) Lining up personalities. Buying real estate is highly emotional, so it is important to find someone you are compatible with. Look for a real estate agent you can really communicate with. If your personalities do not match, you may feel that your real estate agent is not doing enough for you and your real estate agent may get frustrated that you are not placing any bids. Find someone that registers a high comfort level with you and you can avoid these problems.

4) Making sure that your real estate agent is creative. Your agent will use the Multiple Listing Service (M.L.S.) to find homes, but he or she should also use their knowledge, contacts and experience to find homes that match your needs. You don’t want someone who can simply run simplistic searches you can run yourself from home.

5) Ensuring that your agent knows the area. A real estate agent who knows the area where you hope to buy can help you understand what is available and at what prices.

6) Checking customer service before you enter into a relationship. Real estate agents are busy people, but they should still be able to offer you good care. Your phone calls should be returned, your concerns should be addressed and you should be able to contact your real estate agent when you need to. If your agent uses an assistant, you need to ensure that it is the real estate agent themselves who will handle all work with contracts as well as the closing. That is what you are paying your real estate agent for. Stay away from agents who seem distracted, disorganized, and are not able to interact with you personally. You may find that your home buying experience suffers with these sort of agents.

The good news is that there are plenty of terrific, highly qualified real estate agents out there. Now that you know what to look for, you can hunt them up and have superlative help when it is time for you to buy property.

Reasons Why You Need a Professional Real Estate Broker’s Help for Your New Business Location

When your business is on the expanding stage, growing out from your garage, spare bedroom, or office. It is important to have a vision for what the business in the future. There are certain things to think about such as where you will go? What location will suit your business? Are you looking for a place to just impress other professionals or are you dealing with a retail public or services? It is well worth your effort to find the right real estate broker to help you locate space to purchase or to lease a property that suits your needs.

If an entrepreneur contacts a realtor seeking real estate advice, the realtor should take time to get to know their client, their business, their hopes, and dreams and most important, their budget. With all this knowledge, the realtor is more aware of the best solution for their client.

Many people think they can save money by doing their own real estate transaction. There are many things nowadays that can go wrong, especially when moving into a commercial space. This is a serious financial commitment. In many cases, rent is the second-highest expense after payroll.

Depending on the nature of your business and the market, a business relocation can take six months or more to execute. It certainly takes your time and energy away from managing your business. Leasing space is a complicated business deal. Due to real estate rules and regulations that might be ever-changing, relying on professional help who represents your best interest and who you can trust is smart. It is also important to ask your realtor to recommend to you a good real estate attorney, because a lease is a specialized document.

Have you ever heard a landlord who said “If you’re not dealing with a real estate broker, I will let you move in without paying your first month’s rent?” Or if you are buying a building, the seller says “I will sell it to you for a lesser price because no realtors involved”. It is not going to happen! However, if you ask a realtor “What other properties have sold in the last 12 months?”, you will be surprised that you did not get the great deal you thought you should have. It is a good idea to work with a realtor, in many cases, the owner/seller and landlord pay the realtor’s commission.

If you are on a budget, a realtor can help you find an owner/landlord to “build to suit” for what you need. For example, this is a true story: There was a successful entrepreneur who wanted to open an impressive insurance franchise office, which would have minimum of 15 offices, 2 conference rooms, media room, kitchenette area, employee lounge and a reception front desk combo greeting area with table and couches, and a child play area for the client’s children. This is a big expense on top of franchise fees and startup costs including the phone system and copy machines etc., His realtor found him a location. The owner/landlord said he would “build to suit” with a 10-year lease.

As an entrepreneur, you are going to need to rely on many professionals because you cannot know everything about everything by yourself. It is best to know who you can use for what information that will save you time and money. A good realtor can connect you with other professionals to help facilitate buying, selling or leasing. To find the best financing and or other related services, it is common for Realtors to have a network of banks, mortgage lenders, appraisers, and tradesmen they can refer you to. A professional realtor always has the back-pocket listings, the tools to find what you need quicker and knowledge to get you in. Oftentimes, a good Realtor is aware of properties not yet listed but may be for sale or lease.

Kenya Real Estate – Top 6 Things to Consider Before You Buy a Piece of Land

Kenya real estate investment offers you numerous options. Buying land is one of the, Here are some factors that you need to look into before you buy Land in Kenya.

Developmental Outlook:

Are you buying land for residential or commercial purposes? Do you want to build your home, flats to rent or shops to let? Your answer to these questions may determine the location of the land you should buy. For instance, if you want to build flats to let, consider areas with close local facilities such as supermarkets, schools and health care facilities. Many families prefer to live only a couple of miles from their children’s school. This will therefore affect where they rent a house.

Location:

You have heard it before – location, location, location. It affects price considerable. Half an acre of land may cost 10 times more in Runda compared to Embakasi area. However, Embakasi is closer to the airport compared to Runda. The location of the land you wish to purchase should indeed conform to your Kenya real estate development objectives.

Distance from the Main Road:

The further out you go from the main road, the cheaper the parcel of land. However, security may also be compromised. If you are buying land with the objective of building rental property, you may have to contend with lesser amount of rental income if you build far out from the main road. I was looking for a house to rent recently and I settled for a smaller property that was closer to the main road rather than a bigger one further out.

Access to Water, Electricity and Telephone Lines:

Some Kenya real estate areas such as Kitengela are not very developed and may lack electricity and telephone lines as well as piped water. Lack of these facilities makes the land cheaper though, but at what cost. My mum bought a couple of acres in Kitengela and had to sink her own borehole and pump water into the house. She also had to apply for electricity from Kenya Power and Lighting Company. Luckily for her, it turned out to be a hassle free process. It is cheaper to buy land in such areas but you must be prepared to bear the extra costs and delays. Sometimes, like in my mum’s case, it proved worthwhile.

Soil Texture:

Well, believe it or not, soil texture does affect Kenya real estate value. Areas with black cotton soil tend to be cheaper as compared to red soil regions. For instance, parts of Mombasa road have black cotton soil and can not be compared to red soil areas such as Karen, Muthaiga or Runda. Soil texture also affects building costs.

Sewer Location:

Some areas have sewer restrictions and thus not suitable for certain types of Kenya real estate development. Developments along the famous Ngong Road have been restricted dues to the overloaded sewer. If you intend to build an apartment complex for sale or to let, you have to check the sewer restrictions as well as other planning restrictions issued by the local council.

With this factors are all put in consideration, purchasing land in Kenya should be smooth sailing.

Real Estate Courses Are Great But Mentoring Is Better

I’ve bought lots of real estate courses in my time some good, some not so good but I always learned a little something from each one. The thing that I notice when talking too many of my students for the first time is that they all say the same thing to me. It goes a little something like this, ” I’ve got a boat load of real estate courses on my shelf that cost me a kazillion dollars and I still haven’t closed a deal” or ” They said that they would help me after I bought the course but the person I talked to at the company seems to know less than I do about lease options”

Here’s the main problem with the real estate course buying student as I see it and it ain’t pretty. It’s called the magic bullet addiction. This lease purchase course will make you rich in 8 hours and the next one will do it 4 hours but wait, this one will do it in 2 hours. It’s an addiction and like all addictions it usually ends in disaster. Now don’t get me wrong I’ve learned a lot from real estate courses I’ve bought over the years but the difference between people like me and those with the addiction is that we’re looking for a little something that might help not the magic bullet to take us to the promise land. News flash, there ain’t no such thing as a magic bullet!

Having said all of the above I’m going to contradict myself and tell you that there is something very close to a magic bullet. It’s called a mentor or if you prefer a coach. Do you know of any big time athlete who doesn’t have a coach? How about great chess players, I bet they have a coach. What about people that join weight loss programs and succeed I’ll bet they had a coach. The thing of it is if you have someone coaching you that know what they are doing you’ll cut your learning curve down drastically and if you listen and learn you’ll succeed.

Now here’s the next problem we have to deal with and this ain’t pretty either. I have no problem with mentors that charge enough to buy a car and some of them are probably worth it. However, I see it another way.

Imagine if you will a mentor that had a financial interest in seeing his student succeed. What if a mentor didn’t get paid until his charge actually completed a rent to own deal and made money. In my world it’s called Earn While You Learn Mentoring and it takes the sticker shock out of mentoring and levels the playing field for students that don’t have enough money to finance a Guru’s next vacation.

Can You Attain Wealth in Real Estate – Those Who Tried Died, What About Now?

Due to the real estate bust and mortgage crisis melt-down the global economic climate was changed forever. Folks lost 40% or more of their equity and those who walked-away or were foreclosed on accelerated the damage to the real estate market. With so many people losing so much money and in this economic meltdown, many do not wish to talk about real estate right now.

If you are someone who does not want to hear about real estate investing right now, that is fine, but maybe you should read up on it a bit. The best time to buy real estate is at the bottom of the market, not the top. So, let me tell you about an interesting book you should own about real estate:

“Absolute Wealth; A Financial Strategy to Last a Lifetime” by Robert Leonetti; edited by Kleine Editorial Services; Published by Big Horn Investments, 2004

This book has advice from a gentleman who had made a fortune in real estate and he explains how he did just that. This is not one of those “get rich quick” books on how to buy up properties by paying off the delinquent property taxes or anything like that, this gentleman is not one of those late-night infomercial kinds that does real estate seminars and sells books, and thus, I am going to recommend this book to you.

I have no connection with this guy, do not know him, do not endorse him, but the information in this book is definitely good common sense with some very smart techniques and strategies that any can use who is interested in getting into real estate. So, please consider it for your personal library and put it on the financial shelf with your other investment books.