There's no fewer than a half dozen shows on television right now about flipping houses. Seminars pop up all over the country hosted and put on by these reality stars about how to do this, sometimes with 'other peoples money'. Well, it's not that simple. Television is notorious for showing only the glamorous sides, but not the realities. Take Flip or Flop for example. How many of these have they ever shown where the flippers lost money? Maybe one or two in all the seasons? That's not reality. A cash buying flip company admitted to our office in a meeting earlier this year they lose money on approximately 24% of their flips. So there's a few things you need to know about investing in real estate if it's something you are looking into.
Things which don't fall under any other category
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I can't believe i'm even about to write this blog. Hiring help should never have to come with any sort of disclaimer about not getting screwed. Like any other industry, there are some bad apples who seem to give the rest of us a bad name. Like any relationship in life, if there's no trust, it won't work. Alas, I think this needs to be said, and as you've never seen me hold back on anything, here goes.
There seems to be a misunderstanding that we Realtors are just out to make a quick buck off the backs of our clients, take off after closing counting our HUGE COMMISSION CHECKS (Thanks Bravo and HGTV for this nonsense), never talk to them again, and just hit repeat. Far from the case. I don't have enough space to get into the 'what Realtor's do for their…
Sometimes it's not easy to know what's reality and what's not. How many times during this Presidential Election season did we see a meme about one of the candidate with a quote they never said? But that's how rumors and falsehoods get spread. Someone says it once, and keeps saying it, so it must be true, right? Not always.
The real estate industry is no different. There's plenty of falsehoods circulated around, usually by FSBO websites, buyers who research incorrectly, or sellers who think they know more about real estate than their realtor. Here's some of the top myths finally put to bed.
I'll Buy a Home On My Own So I Don't Have To Pay a Realtor
This is probably the biggest myth out there about the home buying process. As I explain in my video,…
According to government statistics, the state of Texas posted the third best growth rate in the country, just behind North Dakota and Nevada. The Dallas Fort Worth metroplex and Austin continue to see rapid expansion and an influx of population since the year 2000. Many corporations are abandoning their former homes and setting up shop in the Lone Star State. It's a reason why builders are enjoying a record year, and the values of homes are on a big rise.
Tip 1: Remodel your kitchen
Kitchen updates are one of the best ways to increase the value of your home. Adding modern appliances and refacing your cabinets to give it a more modern look is well worth the investment.
Tip 2: Add a Garage
Homes with at least a two car garage are more attractive to potential home buyers. Having a home with a small garage is almost as bad as having no garage, so consider upgrading before putting your home on the market.
Tip 3: Remodel your bathroom
Bathrooms are very important to home buyers. Just as with the kitchen, home buyers look for modern conveniences. Adding a Jacuzzi bathtub, painting the walls and…