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Showing posts with the label realestate

4 Common Mistakes to Avoid When Buying Land In Memphis

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  Experienced real estate investors who aim to broaden their investment portfolio recognize the possibilities for high returns and the endless array of innovative applications that land can provide. Frequently, these enterprising investors integrate their other business pursuits with generating wealth from their real estate investments, leveraging a plot of land to expand their enterprises even further. Regardless of your investment approach, it's essential to have a well-thought-out plan that you follow methodically before considering any land purchase to avoid potential financial ruin from a costly mistake. Unfortunately, mistakes tend to recur, so it's prudent to approach this undertaking with a heightened awareness of common land investment pitfalls, learning from the missteps of others rather than your own. In the following discussion, we'll examine four prevalent errors to steer clear of when acquiring land in Memphis. Financing Among the typical blunders that

I Inherited a House, What To Do? – Should I Rent or Sell in Memphis?

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  We would like to express our deepest condolences for your loss. We understand that this can be an extremely difficult time for you, and dealing with property ownership can add to the stress and emotional burden. If you have recently inherited a house, you may be wondering what your options are. Should you rent it out or sell it? And if you choose to sell it, how should you go about it? The good news is that you have several options available to you. However, navigating the process can be overwhelming and confusing. That’s where we come in. As experienced investors in Memphis real estate, we specialize in buying houses in the Memphis TN area. We receive calls every month from individuals who have inherited a house and are looking to sell. We have the expertise and resources to guide you through the process and make it as smooth and hassle-free as possible. We understand that every situation is unique, and we will work with you to find the best solution for

5 Signs A Traditional Sale Isn’t Right For You in Memphis

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  While the first option to sell your home that comes to mind may be to call a real estate agent and list, very often, homeowners have second thoughts about doing so for various reasons. Listing the property on their own as an FSBO may be the next thought; however, many of the same factors that govern successful listing with a real estate agent apply to listing as an FSBO and fails to solve the significant stumbling blocks. For these sellers, a direct sale to a professional home buyer may be the answer they seek.  But what red flags can clue you in on which method may be best for your circumstances? Read on as we discuss the five signs telling you a traditional sale isn’t suitable for you in Memphis. Your Privacy  If you’d rather not deal with the showings, you aren’t alone, as many sellers dislike the showing process, then a traditional sale isn’t right for you in Memphis. Instead, a direct sale to a local professional home buyer like those at Memphis Home Buye

How Memphis Home Buyers is Changing the Way People Buy and Sell Real Estate in Memphis

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  We’re changing how people buy and sell real estate at Memphis Home Buyers. As a result, there is a new option for buyers and sellers who would prefer not to pay the cost of time, energy, and money for the services of a real estate agent.  And Memphis Home Buyers has a solution for those who would prefer not to handle such a significant financial and legal transaction on their own yet still benefit from the guidance of a seasoned professional. Got your curiosity peaked?  Then read on as we explore how Memphis Home Buyers is changing how people buy and sell real estate in Memphis. Time Who doesn’t want to save time? For sellers, one way Memphis Home Buyers is changing the way people buy and sell real estate in Memphis is that a direct buyer from Memphis Home Buyers will provide you with a guaranteed closing date, set at your convenience, typically within a few weeks. For buyers, you’ll find the direct buyers at Memphis Home Buyers, and their full-service tea

Why Won’t My House Sell In Memphis?

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You’re trying to sell a Memphis Tennessee house that just won’t sell? And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices. So where’s your contract? These tips could be just what you need to help you   sell your Memphis home . Why won’t my house sell in Memphis? – 6 Tips To Cure It 1) Get good help. Just like before, there are novice agents and investors rushing into the booming market trumpeting that they know what they’re doing. But they don’t. They’re getting hit hard with the nuances of financing, deal structure, and evaluation. Seriously, chances are good that real estate is your biggest investment – don’t trust just anyone’s advice. If you want great results, partner with the pros. 2) Don’t make too many improvements. Too often we see over-improved properties – those where the owners have gone too far. Even with the best of intentions, exceptional craft

5 Things To Look For When Buying Land in Memphis

  Buying land is an investment asset often overlooked by real estate investors. Yet, the land offers a variety of methods to earn income and build wealth over the long term. Healthy real estate portfolios have a well-balanced selection from every market sector, and land should be a part of that picture. This diversity gives your portfolio security against economic downturns which may affect one market sector, with your investments in the other areas carrying you through.  When investing in assets, you should be considering the economic model of supply and demand; the land is a finite resource and will always be in demand. However, unlike stocks with values that can fluctuate drastically, the land is tangible, and the equity in it won’t completely disappear from your possession overnight. So read on as we explore five things you should look for when buying land in Memphis. Budget You should understand your finances clearly, how much you can spend on the land and

5 Costs To Expect With A Traditional Sale of Your Memphis House

  If you want to make an educated decision about which sales method is best for your home and your situation, it’s best to compare all of your options. So read on as we explore five costs you can expect with a traditional sale of your Memphis house. Prepping You should expect to spend around one percent of the home’s sales price on prepping costs with a traditional sale of your Memphis house, depending on the home’s condition and how outdated the home’s decor and style may be. However, suppose significant renovations are in the works to bring the property more in line with the demands of today’s buyers. In that case, you may be spending tens of thousands to bring the highest potential profit from the property. However, you can skip all the expenses, work, and time spent prepping by selling directly to a local professional home buyer like those at Memphis Home Buyers. You won’t even pay any commissions. Marketing Marketing is required to bring buyers to your

The Best Way to Buy Vacant Land In Memphis

  For real estate investors looking to build their portfolios and add diversity, the land sector offers an exciting opportunity to make excellent returns on your investment. There are nearly as many ways to utilize the land for profit as there are types of land to invest in, and often investors find creative and cost-saving ways to combine other business endeavors with their land investment.  But how does an investor get started? Read on as we explore the best way to buy vacant land in Memphis. Build Your Team The best way to begin when you’re ready to buy vacant land in Memphis is to put together your team. Teamwork makes the dream of real estate investing work, so investors focus on building networks among professionals and build an investment team to help locate, analyze, develop and manage properties to get the job done. Of course, the moving parts of purchasing vacant land are more complicated than purchasing developed properties, so you’ll also need connect

How Much Does it Cost to Manage a Property in Memphis?

  When you invest in real estate, you’re building wealth and a future of truly passive income, allowing you to live out your golden years enjoying the activities you wish on your terms. However, purchasing the best deal in Memphis doesn’t guarantee continued success with the property. The calculations for your returns on the investment, or ROI, are based upon results created by the previous management policies and systems.  While property management fees are easy to compare, the costs of poorly managing your real estate investments can far outweigh the monthly fees of a professional property management team. Read on as we explore how much it costs to manage a property in Memphis. Missed Opportunites One downfall of real estate investors taking the time out of their day to carry out all of the duties to manage a property in Memphis is that you aren’t spending that time managing your real estate investment business.  A significant part of investing is keeping abre

5 Red Flags to Look for When Buying Land for Investment in TN

  Let’s invest in land! But wait, it’s not so simple; there are many factors to consider before you sign on the dotted line. It is well worth considering consulting with professionals to ensure you’re on the right track and the right piece of land when purchasing. So read on as we explore five red flags to look for when buying land for investment in TN. Utilities and Access A huge red flag to look for when buying land for investment in TN is that there is access to the land by road and that all required utilities will have the ability to provide service to the location, which isn’t always a given. You may need to work with neighbors to provide you with entry to your land, which could end up being costly if you’ve already purchased, you’re at the mercy of a stranger. This information is better to know before buying your land and feeling stuck in a bad situation. Neighbors Speaking of neighbors, another red flag to look for when buying land for investment in T

3 Things To Know Before Selling Your House On Your Own In Memphis

  So now that you have decided to sell your home, the next step is to determine the best sales method for your circumstances and the home’s condition. So naturally, calling a real estate agent was likely the first option that came to your mind for selling. On second thought, however, for many owners, the idea of paying the hefty real estate commissions probably stopped you from picking up the phone, bringing us to the second option available to homeowners, selling their homes independently or as an FSBO. So read on as we explore these three important things you should know before selling your house on your own in Memphis. FSBO Final Sales Prices Before selling your house on your own in Memphis, it’s worth noting that, on average, FSBO properties sell for around 26 percent less than those listed with an agent. If you’re trying to save money on selling your home by avoiding commissions, selling as an FSBO might not be the correct answer. You can save valuable time and m

3 Myths People Believe About Selling Real Estate in Memphis

  While popular beliefs may be chock full of intriguing details, they are hardly the truth about selling real estate. Even if it is a false narrative, what we believe can significantly influence our decisions. When it comes to selling your home, it’s best to have your eyes wide open to all of your options. Don’t allow the misguided advice of others to lead you down the wrong path with what may be one of the most significant financial transactions of your lifetime. In taking the time to learn more about these myths, you may save thousands of dollars by making a well-informed decision, keeping more of the equity you’ve built for yourself. So read on as we explore three myths people believe about selling real estate in Memphis. Sell It Yourself and Save Money One of the most famous fables people believe about selling real estate in Memphis is that you’ll save money by listing your home as an FSBO. Typically, this option is selected to save the high real estate comm

Using A Lease Option To Sell Your House in Memphis

  The exit strategy you use to sell your house can make all the difference in earning the highest possible returns on your real estate investment. An extremely lucrative alternative to selling your house outright, lease options offer a way for you to earn a higher return on the sale. At the end of the agreement, typically one to three years, they can exercise the option to buy the home or walk away, and you keep the initial option fee that you collect upfront as a down. Much like having tenants, you’ll be renting out your property. However, these tenants have much more at stake than the average tenants, as they are, in essence, test-driving ownership of the property. These tenants are willing to pay extra for the chance at living the lifestyle of homeowners while correcting any missteps with their credit or building savings for their downpayment on the property. With the right tenants and a thoughtfully constructed lease option agreement, many investors learn to apprec

3 Things You Won’t Have to Pay for When Working With Memphis Home Buyers to Sell Your House

  Sellers understand that for a property to realize the highest returns from a listing on the MLS with a real estate agent, it will take a great deal of time, effort, and money to meet the demands of competition in the Memphis market. From professional digital photographers and a drone pilot to a professional stager, marketing expenses and all costs to increase your curb appeal and ready your home for showings.  However, if you are prepared to sell your house and want to save money but benefit from the help of a savvy real estate professional, a direct buyer from Memphis Home Buyers may be just the solution you seek. In addition to saving you money, working with a direct buyer can save you valuable time and energy. When you work with a direct buyer, you will have a guaranteed closing date that your direct buyer can arrange around your schedule, making plans for your move easier. And knowing your closing date in advance saves you from the need to find temporary housing

3 Misconceptions People Have About Real Estate Wholesalers in Memphis

  Many think the two options for selling real estate are for sale by owner, FSBO, or listing with a real estate agent. Wholesalers, however, offer another option. Personal preferences, unforeseen circumstances, or the home’s condition can mean that listing the home on the Memphis real estate market isn’t the best option. Wholesalers work with these homeowners offering a fully transparent process that is quick and easy to meet their requirements and resolve their problems. Many sellers would prefer to skip the hassles of the listing process, most especially the experience of being displaced from your home during showings or open houses. For some, family illness or an unanticipated job relocation has forced relocation, and the purchase of their next home is contingent on the sale of their existing home. Others are uncomfortable with images and video tours of the interior of their home and their belongings available to the world on the internet. Finally, many sellers are

3 Reasons to Work With Memphis Home Buyers to Sell Your House vs. a National iBuyer

  At Memphis Home Buyers, we aim to help you earn the highest potential profit on the sale of your home while benefiting from the convenience of working with a local company that cares about your outcome. There are many reasons why sellers prefer a direct sale. For some, it is the dread of the prep work and showings. Some are under a time crunch and can’t wait out a listing or the delays of the conventional loan process for their buyers, and others are under significant financial strain and need a speedy solution. The highly seasoned investors at Memphis Home Buyers have helped many Memphis home sellers find a solution for their problems.  The direct buyers at Memphis Home Buyers are proud of their work. Unlike national iBuyers, our policy at Memphis Home Buyers is total transparency. For example, your direct buyer will disclose how much you would profit through a traditional listing with a real estate agent vs. the offer from Memphis Home Buyers, which we want you to

How Much Does it Cost to Manage a Property in Memphis?

  When you invest in real estate, you’re building wealth and a future of truly passive income, allowing you to live out your golden years enjoying the activities you wish on your terms. However, purchasing the best deal in Memphis doesn’t guarantee continued success with the property. The calculations for your returns on the investment, or ROI, are based upon results created by the previous management policies and systems.  While property management fees are easy to compare, the costs of poorly managing your real estate investments can far outweigh the monthly fees of a professional property management team. Read on as we explore how much it costs to manage a property in Memphis. Missed Opportunites One downfall of real estate investors taking the time out of their day to carry out all of the duties to manage a property in Memphis is that you aren’t spending that time managing your real estate investment business.  A significant part of investing is keeping abre

5 Things You Can Overlook When Buying an Investment Property in Memphis

Without the experience of professional investors, it is easy to overlook essential aspects of a potential rental property and make a bad deal. Real estate investing is a business, and like any other, at the bottom of it all, the numbers matter. Understanding the factors that drive the current value on the market can help you keep your focus as you invest in building your real estate portfolio. Read on as we explore five things you can overlook when buying an investment property in Memphis. Location When buying an investment property in Memphis, you can overlook the property’s location. After all, you are buying more than just a structure. The placement of your property can make all the difference in your investment, retaining long-term value. For instance, waterfront locations are worth more; this is why you or a trusted representative should physically walk the property and ensure the listing is accurate. Professional investors like those at Memphis Home Buyers co

5 Red Flags to Look for When Buying a Multi-Family Property in TN

  When done right, investing in multi-family properties can be a lucrative real estate investment. The shared features and proximity of the units can mean added savings for you as the owner and a higher monthly income from the time and investment into one real estate transaction.  Read on as we explore five red flags to look for when buying a multi-family property in TN. Adding Up Sellers can be unrealistic about the value of a property. Some aren’t willing to budge, which will ultimately waste your valuable time, so move on if they state they won’t negotiate the price when it’s reasonable to do so. The facts on paper or presented to you verbally when compared to the realities about your investment need to come into complete alignment when you run your calculations to check for positive cash flow. If something isn’t adding up, this is one of the red flags to look for when buying a multi-family property in TN.  Lingering Suppose the property has been linge