Posts Tagged: Rehabbing
A couple months back a realtor friend presented to me a property. It was a nice size rambler in the Lake Barcroft Subdivision of Falls Church Virginia. That is a great area that I know well. Homes there usually sell fast but this sellers could not find a buyer and was struggling to sell this…Read More
House prices are going. Construction prices are going up while quality work is harder to find. More competition from newbie real estate investors. This all makes the D.C. area less attractive and more risky for House Flippers.Read More
Newbie real estate investor try’s his hand at house flipping in the D.C. Metro Area & learns some tough lessons.Read More
Sure anyone can flip a home but not without the proper resources.
To get started you need:
1-Money.. but not necessarily your own money.
2-Real Estate Knowledge… at least the basics.
3-Team of Experts to fill in the gaps. No one knows it all.
4-Courage. You need big brass balls if you’re going to jump neck deep into this business.
Many people dream of building their own home. If your dream is to build yours in Arlington County then you need to be very careful in your planning, budgeting and team selection to avoid some of the snags I encountered. Of all the places in the Washington area where I’ve renovated homes or built homes,…Read More
Back in May, I was presented with a little house over in Alexandria. The house was vacant and, of course, it was in really rough shape. It was also very small with only two bedrooms, one bathroom and a dated layout that would not appeal to the modern buyer. This little rambler had less than…Read More
If you want to sell your home then you have a lot of decisions to make. One of the most important of all those decisions is the list price. Figuring out the best price for any home is much more art than science but it requires a very scientific approach and evaluation of things that…Read More
Sure, if a contractor cheats you or underperforms you can take them to court. But, is it worth the time, effort and upfront cost? Here’s how it went for me when I took legal action against a contractor.Read More
If you’ve decided to sell your own home then make sure you’re prepared.
Before you do anything else make sure you know what you’re getting into. Be confident that it is possible to sell your own home. But, also be aware that it is a lot of work and it can be very frustrating. If you want to get top dollar for your home then you really have to put in the work. The listing agent on a home makes a very big difference. There have been many homes that I’ve looked at and wondered, why isn’t this home selling. It’s priced right. It shows well. Yet the home languishes on the market while surrounding homes go under contract. Then I call the listing agent and the reason becomes clear. A lazy agent can kill a deal. If the agent is not readily available, responsive, accommodating, knowledgeable and pleasant then it can really drag a property down. Very few people have a unique home. If buyers can’t get information and access when they want it then they just go on to the next home. You’re now your home’s agent; be a good one.Read More