Real Estate Investors Resource
Today's market has brought many opportunities to Real Estate investors. With foreclosures at the highest in decades and the options many, the decision is where and what homes should I be buying. Berks County is no stranger to Foreclosures but the abundance makes deciding which ones a little harder. Picking the right house can no longer be just about money, profit levels and overall condition. So many neighborhoods that once thrived in the market are now sitting idle for over 140 days. Sure there are homes selling, in today's market, but most are competing with foreclosures. Sellers are dropping prices to compete and therefore lowering home values.
Deciding where to buy is as important as what to buy and at what price. Pricing a home, to sell in today's market, can be a tough decision. You really need to study your market, know your market, and be able to predict how the current economy will affect it, in the months ahead.
Being able to predict where the economy is going to take us is no easy task. This takes reviewing sales trends, listing trends, government interaction, current banking rates, and so much more. Predicting where we are heading is a tough task even for a professional Real Estate Agent. There are just too many variables to account for. The housing market is just too fragile to comprehend all the information thrown at us on a daily basis.
Most investors will use a Realtor to guide them to the right purchase and most even have them calling every few days with hot deals and new foreclosure lists. How is your Agent helping you? They should be watching and studying the market to find you the best deal available. A great Realtor should be a sounding board for your thoughts, ideas and overall your greatest asset in today's market.
Questions to consider when working with a Realtor
•1- How many offers can I expect an agent to be able to handle?
•2- Do they really know the market I buy homes in?
•3- Will they have my best interests in mind?
•4- How fast can they list and sell a home?
•5- Do they have a proven track record?
•6- Can I work with more than 1 agent?
•7- Do I really need to use a Realtor?
•8- If I flip 12-20 homes a year can I find an agent exclusive to my business?
•9- Do they also invest in Real Estate?
These are just some of the questions you should be able to easily answer. Trust me there are plenty more. Let me explain a few of the above questions.
•1- An experienced Agent should be able to handle as many offers as you can throw at them. They should have a team in place to handle anything you require and at any time of the day!
•2- Your Realtor must be on top of his neighborhood. They will be able to answer all your questions about a certain area without hesitation. A local professional Agent will make your life much easier.
•3- A Professional Realtor will always have your best interest in mind always! They are here to work for you no matter what. The right Realtor is priceless and having the wrong Agent could be devastating to your business.
•4- Listing homes is easy, selling homes for top dollar and fast is by far not. A seasoned Realtor dedicated to your business will guide you to market it a the best price, generate the most amount of potential buyers and sell it in the shortest amount of time. Just putting a sign in the front yard will not sell homes in today's market!
•5- Any Realtor should be able to offer you a detailed summary of homes they sold, for what price and how long it was on the market. If they do not offer this to you then by all means find another.
•6- You may work with as many agents as you wish, on separate offers and homes, but consider keeping everything a simple as possible. The old saying " too many hands in the hen house" could end up to be true when trying to keep track of who is going to do what.
•7- More often I see homes for sale by owner than ever before in my career. There is nothing wrong with selling your home yourself, just bear in mind that by listing it with a Proven Realtor, you should have the best return on your dollar. I say this because Realtors will open your home up to more potential buyers by being placed on the MLS. Not only will the MLS increase your buyers most agents will place your listing on the best tool in the market, the internet. With 85% of all buyers searching the internet based MLS sites like Realtor.com , Trulia, Zillow and FrontDoor you really want to put it out there.
•8- Finding an exclusive, to you, Agent can be a little difficult. Most Agents involved with investors usually work with multiple Investors.
•9- There are many Realtor's out there that are also investors. Who said you can't have your cake and eat it too? Keep in mind if the deal is not good enough for them, it's not also not a good deal for you. Most Investing Agents can spot a solid deal, produce you with correct financials, and guide you through the purchase effortlessly.
There are many more foreclosures entering the market as we speak and also for many months ahead. If you're just entering the investing market, I wish you a very prosperous journey.
If you are just starting investing or want to begin a lucrative career are a Real Estate Investor and need information on how to get started in your market, contact me at my office at 610-373-8701, call me direct at 484-955-6937 or email any questions your may have at BerksRealtor@yahoo.com .
Tom Brintzenhofe
Berks County Specialist
Exit Diamond Realty
First Time Home Buyers
To all first time home buyers, there is no better time than now to buy your first home. Interest rates are at an all time low and there are so many homes to choose from. If you have not started the process, of buying a home by getting pre approved for a mortgage, than by all means do so. Speak with your local lender and find out what price range you are approved for. With the right lender, the process is easy and takes very little time. Most times you can apply for a mortgage over the phone from the comfort of your own living room chair.
Next you will need to find a Realtor. This process will take a little more effort but just take your time and at least interview four. You will want to make sure your Realtor has experience in the area you are looking to buy. Your Realtor should also have a great reputation for serving his clients, someone you would recommend to your friends. You should also consider and agent who understands your needs and above all you they are someone who you can get along with. After all, you may be spending some time with your agent. Lastly, make sure your agent really knows his area and market trends. Last thing you need is to be looking at houses that are way over priced or in a neighborhood you dislike.
My last bit of advice for any First Time Home Buyer is to take your time, look at a home two or even three times before making a decision. There is no rush so make sure you do your homework and Get A Home Inspection! You do not want any surprises after you move in.
I will leave you with one more thought to consider. When buying a home, you may want to seriously consider also getting a home warranty. A home warranty covers, various equipment in your home, after the sale. The last thing anyone needs it to have to shell out a few thousand dollars for a new furnace three months after you move in. Home warranties are relatively cheap considering all the appliances that are covered. For a few hundred dollars you can have a full year of coverage if your heater, air conditioning, and other appliances need replaced. Consider the cost of replacing any major appliance vs. the cost of purchasing a home warranty. There is really nothing to think about but the peace of mind you will have knowing you are covered.
If you have any questions about the process of buying a home, please give me a call or send me an email at BerksRealtor@yahoo.com or 484-955-6937
We have a team of professional Real Estate Agents ready to answer all your questions. If you need help obtaining a mortgage, or just not sure where to go, I will be more than happy to assist you in any way you need.
My goal, and the goal of my team, is to make your buying experience easy, effortless and fun. After all it is the biggest investment in your future you will ever make, so why not enjoy it!
Tom Brintzenhofe
Berks County Professional Realtors
Exit Diamond Realty
610-373-8701 office
484-955-6937 cell
Wanted: Berks County Home Buyers
If you are thinking of buying your first home or upgrading into a larger home, then consider this. We offer a huge advantage for Home Buyers In Berks County!
What you can expect from my team!
•1- Access to some for the best mortgage brokers and lenders in the area.
•2- A highly trained Real Estate Agent to handle your every need.
•3- A dedicated negotiator to act on your behalf and get you the best deal.
•4- Team with years of experience to make your purchase seem effortless.
•5- Guidance throughout the entire process.
•6- A direct line to a Team Leader to answer all your questions.
•7- A Realtor with one goal in mind, finding the property you want.
•8- We will not show you homes that do not fit your budget or homes in area you do not wish to live in. You will not see homes that do not fit your needs.
•9- We will have an agent prescreen all homes before hand to ensure they are of excellent quality and move in ready.
•10- A team that built a reputation of exceeding all of our client's expectations
.
When you are ready, We will be ready!
If your have any questions about buying your first home or are ready to move into a new home, give us a call at 610-373-8701.
We look forward to working with you!
Tom Brintzenhofe
The Berks County Specialists
Exit Diamond Realty
484-955-6937 cell
610-373-8701 office
email: BerksRealtor@yahoo.com
Morgantown Pa Real Estate Statistics
Jan 20, 2010
The month of January has been a little slow for Morgantown residents. The Residential Real Estate market in Morgantown has been holding it's ground during this economic downturn. The average home in Morgantown was sold for about 13% less than a year ago. That puts the average home sold at $250,500.
Quick overview of area homes for sale
Homes For Sale Price Range
4 100,000 - 200,000
27 200,000-300,000
7 300,000- 400,000
6 400,000 - 500,000
3 500,000 - 1,000,000
There were 0 new listings in Jan 2010
There were 0 homes sold in Jan 2010
For additional information on the Morgantown Area or Berks County call 484-955-6937 or email me direct at BerksRealtor@yahoo.com
Search for homes at www.ThomasB.ExitDiamond.com
Visit www.ILoveBerksCounty.com for up to date information on your area.
Tom Brintzenhofe-Exit Diamond Realty
cell- 484-955-6937 office- 610-373-8701
From Luxury homes to investing in Real Estate, Our experienced Agents are here to offer clear and simple solutions to an easy Transaction. Come experience the Exit difference!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
