Cheap Homes in Dade - Taking Advantage of The Struggling Market

The wide array of choices from single familyhomes, to row houses, duplex, and other types bring more advantages to home buyers. There are many types to choose from, each of which presenting differences in architectural styles, colors, designs, and even views. The buyer is presented with choices which far more than what can be expected when there are too few houses on the seller's market.

Many real estate buyers are aware that there are fantastic bargains available in the real estate market.

There are professionals in the real estate business that make these kinds of loans to people that are not relatives. They are called hard money lenders. The only difference between a hard money lender and a private investor is the interest rate. Borrowing from Aunt Sallie might cost you 8% per year in interest. A typical hard money mortgage in today's market would be 15% plus 3 points up front. 

For this reason, the best way to sell a bank owned property to another cash investor is to have what is known as a double closing.  This means that the wholesaler essentially buys the house from the bank and then simultaneously on the same day sells it to another cash investor. The disadvantage is that the wholesaler will be paying double closing costs.

If you are an active wholesaler with an active buyers list then you probably network with other active wholesalers in your area. If you do then invariably you will find yourself in a position where you know buyers that are looking for a house in a certain area and one of your wholesaling associates might have a house under contract in that area. In this scenario you would be stepping over the line since you do not have an interest in that particular property and you are marketing it. This would require you to be licensed. Keep in mind that this applies regardless of whether or not your associate gave you permission to find a buyer for their deal.

Miami Luxury Real Estate Properties

 

The availability of outstanding oceanfront properties which appeals largely to many of the wealthiest people in the world is definitely something that property buyers are keen to acquire, especially within prime communities such as South Beach, Golden Beach, and the amazing range of private island communities that can be found within the region.

Sellers on competitive markets also exhaust efforts to sell their homes faster. Normally, improvements are done such as overhauling of the living room area, conversion of the attic to a more functional kind of room, or updating the old tile kitchen countertop to a more efficient and more aesthetic granite, quartz, soapstone, or marble. Plenty of ways to attract buyers are usually undertaken by home sellers in an area or market where there are many homes listed for sale.

If you would like to learn more about what today's property market has to offer when it comes to Miami luxury real estate properties, you will find it to be in your best interests to get in touch with a professional real estate agent to find out more information.