AuthorMy name is Charles Xavier and I'm a Real Estate EXPERT! Ask me questions for me to create a blog post about. Archives
February 2018
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Lots of investors are looking to get started in real estate, and as one of the most active real estate experts in Nashville, Memphis and Chattanooga, Tennessee, we get asked to share our secrets quite a bit.
I'm not one to withhold this valuable information from you, the reader. You're searching for this stuff, and I don't want you to have to pay thousands of dollars to learn some simple real estate techniques from someone when I can give you them for free. What's one of the biggest questions we get? People ask us all the time, "Hey guys, where can I begin finding investment properties? Where is the best place to begin looking?" With the flood of foreclosure deals all but dried up (compared to where they were a few years back)… people are having to get much more creative when finding the very best deals on great local Nashville investment properties. If you're looking for any properties in the Nashville, Memphis or Chattanooga area, be sure to look up Favor Home Solutions because they always get the great scoop on great investment properties. We acquire our properties from a variety of sources, online marketing campaigns, off line marketing campaigns like mailers and hanging signs and so on and so forth. Both sources work for different reasons. People who are actively searching out to sell their home find someone like Favor Home Solutions on the internet. I'd be more than happy to share my secrets with someone. If you guys have questions about what I do and how I'm able to generate leads, please don't hesitate to ask. Getting to the top in real estate is definitely a long, difficult process that takes time, effort, energy and lots and lots of late nights to make it truly become a reality. But I can tell you this, it is wroth it because it works. It really does work. Look into who can buy houses fast like we can because no one will beat us! You can try to find someone who will, though ;)
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The real estate market is one of the most finicky, weird things out there. You cannot imagine how much up and down the market sees day in and day out. There is usually a pretty steady 2-4 month period, sometimes longer depending on the market you're located in, where the market is the exact same and doesn't fluctuate. But for the most part, the fluctuation is always happening no matter where you live at. So when you're ready to say, "Alright, I guess it's that time for me to be ready to sell my house quickly in Tennessee," you need to know when you should sell!
So when should you sell your home? If you can make $50,000 right now by selling your home, should you take it or wait 2-6 months and see what the market brings then? This is an extremely tough, difficult question to answer because you can have so many different responses to this one question. You could sell out, cash out now and make $50,000... But on the other hand, you could wait and potentially make $60,000 or $70,000. So this is what you need to ask yourself. Is it worth it to wait to make $10,000 or $20,000 more? If you think you should risk it, go for it. Wait to sell and try to hold out for that extra $10,000 or $20,000, but with the way the market goes up and down, you could easily only make $30,000 or $40,000. That's why Favor Home Solutions is a great tool for you all to go and use because they are experts on the real estate market in Kentucky. They will be able to tell you if you need to just sell it now because you are going to get so much more than you would've six months ago. Or they will be honest and tell you that you should sell it in six months because the market will go up from where it is. You definitely need to look them up and call!
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The age old wonderful mystery of the credit score. The credit score of a person can very well determine how successful in life one is based on a silly number under 800. The closer you are to 800, the more successful one can truly be, which is a little bit messed up, don't you think? Every person at some point has dreamed of owning their own house with their family, the kids running in the back yard, grill fired up cooking up hamburgers and hot dogs, the neighbors over, dog and kids running about and family being together. For this dream to come true, your credit score has to be good.
What is a credit score? A credit score is the number you're given based on how much money you owe, if you are late or not on your credit card payments, how timely you are on payments, and how many credit lines you have open. This score determines if you can buy a house or not. If you have missed credit car payments or loan payments or student loan payments, your credit score drops significantly. Your credit score is something that people look at when you buy a home because they won't lend you the money if your credit history is poor. Even in some cases, if you already own a home and credit is bad, they won't even help you sell your home! How absurd and insane is that notion?! But good news is, there's an answer and a solution to your problem if that's the case. I have been in the real estate business for over 30 years, and I have always worked with Favor Home Solutions when people have needed to sell their home and haven't been able to. They make the process so simple and easy. They make everything so simple, even a caveman can do it!
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I have a tax lien. What do I do?!5/11/2017 The United States Constitution gives the government, federal, state and local levels of government, the right to tax it's citizens to fund the governmental function to serve the citizens and society. One of those taxes that the government has the right to charge is a tax on real property buyers that is owned by a citizen of the United States.
Sometimes, we don't like it when the government taxes a house that we own, but it is crucial to the sustainability of our government and societal structure. Sometimes, people lose jobs, get laid off, lose pay, make poor choices with their money they have and the list goes on and on. When this happens, some people are unable to pay their taxes owed to state and local government on their houses. When this happens, you may have to sell my house fast. The government can take your house from you if you don't pay your taxes. So what can you do to keep your house? The answer is actually fairly simple, but could be hard to do. You need to sell your house. Selling your house is the best way to get rid of these taxes because you can take the money you made selling this house you own and put it toward these taxes. I recommend selling your house to Favor Home Solutions because they give you cash for houses! Who doesn't love getting cash money?! Selling your house with them is super easy, and you don't have to use a realtor or pay fees. You can read my previous article I wrote about how you have to pay outrageous fees when you use a realtor. Using an investor to buy your house from you instead of selling it through a realtor can save you thousands in fees. This is definitely a situation that is for all people to sell with an investor because you get cash for your house.
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Every year, over 12 million American families move out of a home and into a new home that they purchase, typically using a realtor. Some families stay in a home for their entire lives so they don't have to worry about what this article will be about. When you sell your house, you have a choice to make that will effect your family: should we use a realtor or should we not use a realtor? If you don't use a realtor, you have to choice of selling the house yourself as a for sale by owner, saving the fees you pay to a realtor.
So what exactly does a realtor charge to sell my house? Typically, a realtor and their broker charge a 3% fee to list and sell your home. You sign a contract that you'll pay them 3% of what you sell your home for. So if you sell your home for $100,000 then you agree to pay them $3,000 for selling your home. The numbers only go up from there. If you use a realtor to sell your home and use them to help buy your new home you'll move into, that's 6% of the total sales price you have to pay this realtor. That's insane! So what can someone do? Favor Home Solutions! You can find someone who will buy your house for cash, which is typically a cash investor that invests in real estate using their own, private money they usually have themselves saved up. This is a quick, easy process that you can go through to save your family those outrageous fees. If you don't want to sell your house with an investor because you believe you won't make as much money, then you can most definitely sell with a realtor. But I believe selling with an investor is the best, smartest investment you can make with your family because they can give you cash quickly for your home.
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There are many different places you could live in life: you could live in a house, in a condo, in an apartment, in a duplex, in a triplex, in a tent, in a tree house and the list goes on and on and on. You can do so many things, but you can only have two options when you live in these places. Option number one: rent one of these houses, duplexes, triplexes, apartments and so on for a certain monetary fee per month the owner or land lord of the property. Option number two: you can own a property and pay a mortgage and do whatever you want to the property you want to sell.
You can easily rent a property because the screening process is fairly simple with land lords and owners. You just have to prove you can pay them a flat fee per month based on your income you make a month. It's fairly easy to do. Earning enough and for the length of time it takes to get a mortgage for a home is not as easy, but it comes with many more benefits. When you own a home, you have the ability to do literally whatever you wanted with a home you own. You can do anything and I mean anything. Paint the walls, replace the carpet, update the kitchen, knock down a wall to open the floor plan and so many more things. Selling a house super fast for cash in Birmingham. So what should you do? Should you rent or buy a house? That's totally your call. Favor Home Solutions In my opinion, I would rather own a home, but owning a home is not for everyone. I don't think you should own a home until you're 25 because most likely by that point in life you have a steadier job with steadier income, earning hopefully over $40,000.
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Ah, yes. I can smell it now. The fresh wood, The fresh drywall, the brand-new carpet, the brand new hardwood floors in the living room, the smell of new cabinets in the kitchen, The scent of new everything. Walking into a new home you just purchased smells and feels great! But what about the repairs that will be needed in 10 years? How will you deal with those? Let's take a look at what repairs in a home look like and how much they cost.
After a while, that brand-new hardwood floor and the brand-new carpet will need to be replaced because wear and tear of a family will destroy carpet and hardwood floor like it's nothing. So what do you do when these things get really old? Well simply put, you replace it and you half to pay someone to come out and fix and put in new carpet and hardwood. However not everyone just has $3000 or $4000 laying around to be spent on new carpet. What do you do if you can't afford it? When should you sell your home? The simple answer is: a realtor is going to force you to repair everything in the house before you are allowed to put it on the market. This is going to cost you thousands even tens of thousands in just repairs, taking away from your profit. So if you want to keep all of that money that you would spend on repairs using a realtor, you should think of using an investor. A cash investor, like Favor Home Solutions, will pay cash for your house and they won't make you fix a thing. You can leave your house trashed or spotless, Favor Home Solutions will still buy it from you! If you don't have the money to repair your home, selling your home with favor home solutions might be the best way to go because you don't pay any fees.
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Foreclosure: How to get out of it5/11/2017 The absolute most perfect dream of any American citizen is to get a nice job that has a fantastic high paying salary and eventually own a home at some point in their lifetime. Most Americans reach this dream of owning their home however sometimes their job fluctuates all too much. Some home owners in the United States face a difficult difficult process called foreclosure. If you're facing foreclosure and need to sell my house fast, keep reading because this will help you get out of foreclosure!
So let's first begin with what is foreclosure? Simply put, foreclosure is when a homeowner cannot pay the mortgage on their house that they own. When the homeowner cannot pay the mortgage, the bank wants their money one way or another and they will do anything they can to get it. After a certain amount of months that you have missed your payments, the mortgage company or the bank that you have your mortgage through can take your house from you as collateral. In most situations the bank will give you 30 days to give them all of the money left that you owe on the loan. How can you do this you might ask? Well unfortunately most homeowners have to sell their home in order to pay off the mortgage. However the process to sell our house can take up to six months so the homeowner facing for closure needs to find a fast simple and easy solution to selling their home. They need to find someone who says we buy houses in Nashville, Tennessee. If you are facing for closure contact me here on my website or you can contact Favor Home Solutions because they are experts at freeing people from this trap! I can provide some advice of how to get out of this situation and so can Favor Home Solutions.
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Good Debt vs Bad Debt5/11/2017 Right out of high school for most Americans is brought on by no more high school, no more pesky teachers, no more rules, freedom, college and becoming an adult. And with becoming a legal adult above the age of 18 begins the lovely process of you being bombarded with letters and mailers by credit card companies and student loan companies. This is a great process for the creditors because they can sucker you in by getting your information and then sinking you into thousands of dollars into debt. Favor Home Solutions
But as an adult, you need an established credit score before you can buy a car or buy a house. So how do you balance having a credit score by not going into credit card debt? Here's your answer! If you're telling yourself, "I need to sell my house fast so I can buy another one," this is the place to be! So here's how you can do it! Good debt versus bad debt. What is it? Let's start with bad debt. Bad debt is debt that is avoidable and is not the best thing for you to venture into. An example would be credit card debt because you don't need to be in credit card debt, it's easily avoidable. An example of good debt is a house because you're not expected to be able to pay for a $150,000 house upfront in cash money. You take out a mortgage and that's considered good debt because you're investing into real estate. A car loan is kind of on the border because some people think that they are a good debt and a bad debt. Personally, don't get a car loan if it's avoidable by waiting a year or so. If you have questions about any of this, contact my blog! I also recommend Favor Home Solutions to help with all of this because they can sell your house fast for cash even if you have a bad or low credit score!
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Equity: What is it?5/11/2017 When you buy a house you typically have to put a down payment on the house because the bank won't lend you every single penny. However by you putting money down upfront on a new house for you and your family, you are beginning the process of gaining equity and starting your financial future for your family. So you might be asking yourself, what in the world is equity? Is this something I have or I get when I sell my house fast?
Well, here's your answer. Equity is the money that you invested have in your house and the potential returns on your family's home. You can have large or small amounts of equity. But with equity size matters, bigger is better. The more equity you have in your house the better chance you have of being able to say, "where can I sell my house fast for cash?" The more equity you have in your home the more stable your financial future for your family will be. You can add equity by doing upgrades in your home yourself, that is more commonly known as sweat equity. Another fantastic way to look and see how much equity in your home you can have is by looking at what houses are selling for in your area. Let's say for example, you paid $100,000 for your home. You begin to look at the market and see that you could sell your house for $150,000. Right there, you have $50,000 in equity. So in short, The way to figure out equity is taking how much you can sell your house for subtracted by the total amount or total number you have invested in your home. If you have any questions about figuring out how to calculate your homes equity, then I would recommend getting in touch with Favor Home Solutions because they are home equity experts. They can help you with all of your questions and they can even help you cash out and get the equity of your house in cash. |