Buying or Selling a Home/buying a home

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Expert: - 9/3/2009


Question
i want to be ready for investing very soon. You mentioned that you can tell me what things to look out for and this is something that I'm very interested in.  What homes would make it a steal and what things should I look out for?  Is it better to buy in an established neighborhood or in a new and busy one?  I would greatly appreciate it as I have heeded all your advice as it makes a lot of sense.  And should I look at home tax values when looking for a house or is that irrelevant and unnecessary?  I figure it gives me an idea of the property's worth.

Answer
Hi again Ester...

First I would like you to interview a couple buyers agents that have been in the business for more than 10 years (that will take it back to old school - as we are experiencing now) and does a sizable amount of business.. say a minimum of 1.5 deals a month... the more deals an agent does the more opportunity they have had to understand the business and go through issues... buying investments is much more than a personal residence...

You want to make sure that you are in the 'black' have a good management company to work the property or an area where you can deal with it...and usually in a 'fringe' neighborhood, there are more renter and that is where the renters go...

Do track the taxes as this will effect you bottom line on your return as will your vacancy factor, repairs factor, advertising, management company % etc...

Buying or Selling a Home

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Connie Wildasinn-Broker,GRI,RealtorŪ

Expertise

Broker,GRI,RealtorŪ, Investor since 1979. Buying or Selling Residential and Income/Investment Properties, How to understand the process, how to negotiate through the transaction, What to Look for - But more importantly 'What to lookout for!', How to tell if the time is right - or hold on and wait. Why not to listen to your friends and even your family members, Who really has your best interest at heart?. Understand why any market is a good market and how to spot a good investment for you! If you are looking in California.. check out my website www.MetroCalBrokers.com and if you need assistance in a neighborhood I don't service, I will locate a local agent to that area who actually knows their profession and can assist you in your needs!

Experience

4th generation Realtor in the real estate business, I have helped for over 2 decades clients buy and sell, I am the owner of a local brokerage in the Los Angeles /Long Beach area, and have been a top producing agent in the area since I became licensed. Working through a deal is different to every client, no two people or deals are exactly the same. Knowing how to bring professional advise to the table with clear and concise understanding of real estate world. I can help you handle your buying, selling and investing, managing a 1031 Exchange, working with Equity Sales, Probate, Pre-Foreclosure Regular and Short Sales there is little that I have not seen come across my desk over the decades!

Organizations
NAR, CAR, WCR, ABR, e-Pro, GRI, BKBIA, CHNA,SSG

Publications
Broker Agent Magazine Long Beach Business Journal Long Beach Press Telegram Signal Hill Tribune Grunion Gazette All Experts Zillow - Lead Agent - Advise Expert Truila - Advise Expert

Education/Credentials
Broker-owner, RealtorŪ, GRI,e-Pro, SSG-Short Sale Certified

Awards and Honors
Managing Broker for MetroCal Brokers. We merged my old brokerage with MetroCal this year, and we look forward to expansion and growth moving forward. We currently employ 30 Realtors and growing. 15 years running top selling agent in Long Beach, South Bay area California. Top Producer 5 years straight Re/Max, C21, Realtyworld.

Past/Present Clients
upon request = or check out our website www.MetroCalBrokers.com and check the Testimonials section!

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