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Real Estate Hunting 101



T


he real estate market           kinds of weather and at different 
today has never been            times of day, if possible.        
better, but even in a                                             
healthy market, with new tools to     3. Check For Leaks                
find and evaluate potentially                                           
profitable properties, you can        The most common problem in a      
lose a lot of money. Finding a        piece of real estate are leaks!   
diamond in the rough has been         Be sure to visit the house when   
revolutionized by online real         it is raining and always make     
estate listings. Photos, prices,      sure to get an inspector to       
and even full 3-D video tours are     evaluate the property for         
available.                            possible water damage.            
                                      Information is power, and if you  
1. List Your Property                 do find something wrong with the  
                                      property you can certainly use    
Perhaps the most sensible advice      that as a bargaining chip to      
out there is to list your             lower the price.                  
property. A large and attractive                                        
for sale sign will only reach so      4. Strike Your Deal               
many people. If you can afford                                          
it, list your property in             After you have the inspection     
magazines or online.                  completed, if you feel the house  
                                      is a winner, strike a deal. Find  
2. Consider The Neighborhood          an agent that is experienced and  
                                      reliable. Even if you have to pay 
When selecting a property, you        more for their services, the      
will want to consider not only        money they can potentially save   
the property itself but its           you by negotiating a price will   
neighbors. Be prepared to make        be worth it.                      
more than one visit, in different                                       



5. Review The Report Carefully        price.                            
                                                                        
It's almost impossible to find a      6. Everything Is Negotiable       
house that has everything working                                       
100%. Most minor flaws should be      There's no point in offering the  
recorded. The most important          asking price because the asking   
being leaky plumbing, stained         price is always just that - the   
carpets, leaky roofs, damaged         price that the sellers would like 
walls or floors, or inoperative       to get. It is likely higher than  
air conditioning systems. If          the acutal value of the home.     
there are pools of water in the       Very few properties, even newly   
basement or near foundations that     constructed ones, are perfect.    
can substantially lower the           

                              




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