I Buy SW MI

  Most people know what a real estate agent is and have pre-determined ideas or have experiences about what they do for you, as a seller. On the other hand, some sellers might not know what to expect when working with a professional home buyer in Southwest Michigan, MI. Sellers can expect a professional homebuyer to provide simple, stress-free transactions. Here are some pros and cons of selling your house to a direct buyer in Southwest Michigan. Pro – Straightforward Closings Direct buyers in Southwest Michigan, MI typically close faster than traditional home buyers, and usually pay full in cash. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. Direct buyers also may not charge transaction fees; if they do, they are extremely lo

  An interesting way to invest in real estate is by buying foreclosures in Southwest Michigan. You see it on reality TV shows where investors can pick them up at a low cost, invest some money in repairs and upgrades, then turn around and sell them for a large profit. There are five things you should know about buying foreclosures in Southwest Michigan. Inventory is Dropping The first thing you should know about buying foreclosures in Southwest Michigan is that the overall availability of foreclosed properties is shrinking. There are fewer and fewer foreclosures every day, and the ones that are available are getting snatched up by cash buyers that move extremely quickly. We can help you locate foreclosures in Southwest Michigan, give us a call at (231) 392-3262 right now. Buying at Auction Unless you are an experienced real estate investor with a large amount of cash to drop on a property, buying foreclosures at an auction is probably not a good idea. At the foreclosu

  You’ve come to the difficult decision to sell your house, but you realize there is some damage to the property. If you don’t have the extra cash to make the repairs before selling, here are 5 tips for selling your house with damage in Southwest Michigan. Tip #1: Include As-Is in Your Listing One way to sell your house with damage in Southwest Michigan would be to include the term “As-Is” in your property listing. This will signify that you are not willing to make repairs to the property before the sale, and any interested buyers will understand this. You must take into consideration that using “As-Is” in your listing will also signify that there is likely something wrong with your property and may deter buyers, especially since you will not fix any damage. On the other hand, there may be investors with large enough portfolios who may not mind As-Is listings. Tip #2: Inspect and Disclose Everything! Another tip for selling your house with damage in Southwest Michigan

  Investing in real estate is a great way to diversify your investment portfolio and build your wealth. In this day and age, there seems to be an app for everything. Here are some tech tools to help Southwest Michigan real estate investors during the coronavirus pandemic. Virtual Tours A virtual tour is a wonderful tech tool to help real estate investors on a regular basis and is a lifesaver during the coronavirus. As a real estate investor, you would still like to see the property and tour its insides and check out the neighborhood, but it still isn’t totally safe to be out and about looking at properties right now, especially if you have medical conditions that would compound contracting the coronavirus. With virtual tours, you will be able to see the outside of the property, the inside of the property, and you may even be able to explore the surrounding neighborhood depending on how and where it is listed. If you are really serious about buying a property, you can co

Working with a real estate agent can be a great way to put your property in front of a large audience of potential buyers. This also means that there will be additional expenses that may not be fully apparent at the time of listing your property. Here are five hidden costs of working with a Southwest Michigan real estate agent. Photography Fees The first hidden cost of working with a Southwest Michigan real estate agent is photography fees. In the first meeting with the real estate agent, they may mention adding high-quality photos to your listing. They usually have a preferred or recommended photographer they work with and they trust, but having professional pictures taken of your property may cost more than you were expecting. It is also preferred to have a wide-angle shot of all of the rooms, and a 360-degree photo if possible, that way it can be uploaded into a program to take a virtual tour of each room. They may also suggest having a virtual tour of your property

Having rental properties is a great way to have a steady monthly income. Beginning real estate investors typically stick to rental properties in their own area because they are familiar with the market and can easily check on their properties and make some repairs if necessary. Once you have enough experience and the means to expand your territory, here are 6 tips to be a great Southwest Michigan landlord when you live out of state. Know the Local Market and State Regulations It is important to know the local market of Southwest Michigan in MI. This will require a little bit of research and possibly a reconnaissance visit or two to get a good feel for the area. Give I Buy SW MI a call today at (231) 392-3262 to discuss the local market of Southwest Michigan to find the best place to look for rental properties. You will have to know the area’s regulations to make sure your property is following the proper code at all times. It may also be necessary to include certain verb

Considering starting to invest in real estate? Here are four things you need to do before buying your first investment property in Southwest Michigan. Review Your Credit The first thing you need to do before buying your first investment property in Southwest Michigan is to pull your credit reports because you need to know your credit score. Request a copy of your credit report from all three bureaus. Double-check that all information is correct and make sure to dispute any errors with the respective bureau. Make sure you keep up on your payments because lenders like to see that you have no late payments for at least the past 12 months, but the longer the better. This helps show them that you will continue to make payments on time. A low debt to income ratio will also convince a lender that you are able to handle the additional mortgage payment. Pay down credit cards and other loans as much as possible, preferably to maintain a 30% utilization rati

Tenants are beginning to receive stimulus payments and some are using it to move. You may be receiving multiple applications for your available rental property, but once you locate a great tenant, you may be competing with other landlords to have this tenant. Here are some ways you can appeal to tenants in Southwest Michigan during COVID-19. Appropriate Rent One of the best ways landlords in Southwest Michigan can appeal to tenants during COVID-19 is to set an appropriate rent amount . Do your research to see what the current market rent is and set it as close as you can to that amount while making sure it fits your rental proforma goals. If you need to attract more potential tenants, you can lower your rent a few percent to be just below the market rent. This should bring you a better variety of tenant candidates so you can be sure you are comfortable with the tenant you end up choosing. Tenants will also appreciate the affordable rent during these uncertain times. All

Selling your house can be a stressful task in itself, but how do you sell a house if you have tenants already in place? Here are five steps for selling your house with tenants in Southwest Michigan. Step #1: Ask the Tenants The first step to selling your house with tenants in Southwest Michigan is to notify the tenants the property will be listed for sale, and ask the tenants if they are interested in purchasing the property. If the tenants have been in place for a few years, they might have fallen in love with the property or really enjoy the school district for their children. They also might really love the area and want to live there permanently. This would be a great opportunity for them to buy the house they know they love. If they are interested, have them qualify for a loan on your property and the purchase process will be nice and smooth. You may also want to offer an owner financing deal to the tenant if they cannot qualify with a traditional lender. This may

Building a portfolio with real estate investment is a great way to build wealth and is statistically more stable than the stock market. The last thing you want to do as a real estate investor is to buy overpriced properties off of the MLS (Multiple Listing Service). This is where real estate wholesalers come in. They are able to acquire properties for less than market pricing and resell to buyers at or just below market pricing. You need to make sure they have market area knowledge, have a great track record, have a strong network of other investors and real estate professionals, and have an overall positive community presence. Here is an explanation of these four things to look for in a great Southwest Michigan wholesaler. Area Market Knowledge The first thing to look for in a great Southwest Michigan wholesaler is their market knowledge. A great wholesaler will be on top of the market and have monthly analyses completed for any area they operate

Tenants are beginning to receive stimulus payments and some are using it to move. You may be receiving multiple applications for your available rental property, but once you locate a great tenant, you may be competing with other landlords to have this tenant. Here are some ways you can appeal to tenants in Southwest Michigan during COVID-19. Appropriate Rent One of the best ways landlords in Southwest Michigan can appeal to tenants during COVID-19 is to set an appropriate rent amount. Do your research to see what the current market rent is and set it as close as you can to that amount while making sure it fits your rental proforma goals. If you need to attract more potential tenants, you can lower your rent a few percent to be just below the market rent. This should bring you a better variety of tenant candidates so you can be sure you are comfortable with the tenant you end up choosing. Tenants will also appreciate the affordable rent during these uncertain times. All

When you are ready to purchase your next Southwest Michigan rental, there are a few things to keep in mind when looking for a property. Here are six things to look for in a Southwest Michigan rental property: Location Having a rental property in a great location means you will have plenty of tenants to choose from. Your property will always be in demand, and you should experience low to no vacancy rates. To be safe, of course, you will still need to factor in the suggested vacancy rate to your rental proforma. Great rental properties are usually near high performing school systems, grocery stores, shopping, entertainment, and may also be a short drive from major highways or other large attractions in the state.  Cash Flow & Growth Potential A great rental property will have a positive cash flow every month with minimal expenses and minimal vacancy. Your rental property will also be great if it has growth potential. If it is in a great location and demand is high, y

Selling your house for cash can be an arduous affair if you’re not experienced with the ever-fluctuating real estate industry. From determining a home’s asking price to becoming familiar with the legal documents involved, selling a home typically requires specialized knowledge. Thankfully, the popularity and prominence of selling alternatives have crept up in the past couple decades, giving sellers multiple methods to move on. Instead of the typical hire-a-realtor dance, more homeowners than ever are considering the benefits of cash offers and selling a house to cash buyers. These seven tips and tricks for selling your house for cash to a house buying company will provide the simplest home selling solution on the market today. 1. Research House Buying Companies If you’re selling your house for cash, you must first research house buying companies and determine which one is best for your home sale. There are many, varied house buying companies out there: those

Selling your house can be a difficult process because there are so many options. Should you go with listing with a real estate agent, selling to a cash buyer , or selling it on your own? One of the many advantages of owning real estate is having plenty of options. There are options for buying as well as selling it. As a homeowner that is interested in selling your home, you need to know what your specific options are. Selling Your House Yourself For sale by owner is often the type of sign you see today on homes for sale . This is certainly something homeowners can do. Many don’t understand how difficult this can be. Putting up with the hurdles that come with not listing with a real estate agent can save money. The Pros of How To Sell Your House By Owner The Time Factor If you are not in a hurry to sell your home then listing it for sale by owner can be a distinct advantage. You can set your asking price and hold firm to this. The schedule for show

Many home sellers ask themselves whether they should sell a house that needs repairs. Some feel that they will be able to sell for a higher price. That way they will get their money back from the repairs. Others just cannot fathom being able to sell an ugly house. This is a question that can be answered in different ways and takes some thought before coming to a decision. Can You Afford the Repairs? Chances are if you want to  sell  an ugly house you are in a position where you can’t afford house repairs. This may create a frustrating situation for you. Some houses need minor repairs such as a few wall repairs and some painting. Then there are others that own a home that is in need of serious repairs. The roof may need to be done and perhaps the electrical components need updating. These, as well as other major repairs, can be really costly. If you are wanting to sell a house that needs repairs, it could possibly mean that you are in need of some quick cas

From making repairs to utilizing the services of a cash home buyer, follow these general cash-saving tips to sell your house fast in any residential real estate market. Time is not on a homeowner’s side when it comes to selling a property. Depending on the time of year, real estate climate, and market trends, the average listing can sit on the market for months without a bite. For distressed homeowners, motivated sellers , and professionals needing to relocate immediately, knowing what to do to sell your house fast is money-saving knowledge. 1. Scope Out the Competition If you want to know how to get your house ready to sell fast, there’s no better method than scoping out similar homes in the same neighborhood and area. These properties will give homeowners a baseline for the competition already on market, and help determine the home’s accurate value. It’ll also outline what features are deemed most desirable by potential buyers. If you look at the comparable