How to Get More Out of Your Real Estate Agent

In this article I would like to discuss several tips, tricks, and tactics that you can use to get more out of your real estate agent than you thought was possible.Buying a new home can be difficult under the best of circumstances and sometimes it can be downright impossible. One resource that you have at your disposal is your real estate agent and in many cases most people don’t take advantage of the real estate agent as much as they could or should. In this article I want to give you a few tips that you can use to get the most out of your real estate agent.First, use your agent to find out if the neighborhood is safe. Most agents won’t come right out and tell you whether or not a neighborhood is unsafe because there are some laws involved in what they can and can’t say. Imagine if you your agent told you that your neighborhood was safe and two weeks later you got mugged… you could then sue them probably.You can, however, ask your agent to call the local police department’s community relations officer and ask for a local crime statistics report. These things are public record and your real estate agent can easily track that down for you and relay the information in the report.When you buy a new home, one of the most important things most people are worried about is whether or not the property will increase in value over time. Real estate agents really don’t like to offer opinions about whether a house will increase or decrease in value for obvious reasons. But you can have your agent create a report of the past history of the home as well as the price history of homes in the surrounding area for the last 3 to 5 years. You can also ask them to create a report on the average time it is taken to sell a house. One to two months is usually a good time frame, anything more than that can be a warning sign.You can also ask your agent to create a report on the average difference between the asking price and the selling price of homes in the area within the last few years. And you can also ask your agent to create a report on the mean or average price of homes in the area to see whether it has moved up or down over the last few years.Finally you can use your agent to find out if there are any problems in the house. Half of the states in America are not required by law to provide disclosure statements to buyers letting them know about potential problems, however all the states in America require real estate agents to pass along any information that has been disclosed to them by the seller.So there you have several very simple and quick tricks and tactics and tips that you can use to get more out of your real estate agent than you thought was possible. Buying a home is a major decision for most Americans and the more information you have at your disposal the better off you will be in the long run.

Real Estate Investing Strategy in a Slow Market

The real estate market goes up and down, just like all markets, so it is difficult to know how to invest in real estate when the market is slow if you have never done so before. Luckily, the following tips will help you with real estate investing even in a slow market. These tips will be especially helpful if you are trying to invest in Utah real estate, Provo real estate, and/or Alpine real estate.A great way to invest in real estate in a slow market is to buy foreclosed homes or auctioned homes and then fix them up and resale them. If you do your homework first then you will be able to buy a home for significantly under the market value, fix it up, and then resale it for cheaper than the market value while still making a profit. That is an amazing way to work the slow market in your favor and still make a good profit.Yet another way to earn money on real estate during a slow market is to invest in one of these auctioned off homes or foreclosed homes, fix it up, and then instead of selling it rent it out. When you rent out the property you retain the equity for yourself while the renter pays your mortgage. Eventually, when the mortgage is paid off you will not only have a piece of real estate with minimum investment but you will also be earning money free and clear. Rental properties are outstanding and they are worthwhile no matter whether the market is slow or not.The best time to invest in these types of properties is actually when the market is slow. That is because there are lots of homes on the market and you will have more bargaining power because everyone wants to sell and there are not a lot of buyers. When the market is on fire there are a lot of bidding wars and prices go up. So, the best time to invest in rental property in order to make a profit is when the market is slow. Think about how cheap you can buy a property at auction during a slow market, then put some money into fixing it up, and either sell it when the market gets hot again or just rent it out. Both of these options will allow you to make money during a cold real estate market.