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Real Estate Safety Tips Sellers Should Know

There is some personal risk involved when selling a house. You need to keep in mind that when selling a home, you will likely meet up with people you don’t know at all. Murders, thefts, and rapes are not uncommon when showing a home, especially in the big cities. That’s not to say that these crimes only happen in the big cities – there are unscrupulous people everywhere you go. Fortunately, securing your home and valuables takes only a few precautionary steps. You need to understand that in this day and age, people are ruthless, and will do whatever it takes to get whatever it is they want, whether it be your house, your property, or even you. We rounded up some of the best real estate safety tips that every seller should know.

  1. Secure all valuables – The first, and most important precaution you can take is to lock all your valuables inside a secure place. Many thefts occur during open houses or private showings, and buyers and realtors alike have been known to have sticky fingers. Even prescription drugs have been known to disappear from homes, so be sure to keep those under lock and key as well.
  2. Screen all buyers before you grant them access to your home – This is what professional realtors do before they arrange a showing. Remember, you are inviting a person you do not know into your home. Have the police do a criminal background check on prospective buyers, and stay with the buyer at all times! Do a Google search, and you’ll find news reports about people being robbed, raped, or sometimes killed while showing their homes to a prospective buyer that turned out to have a criminal background. This brings us to our third safety tip.
  3. Bring someone with you when showing your home – Many people do this by default, but some don’t. Having another person accompany you when you show your home reduces the likelihood of anyone trying to pull anything. Plus, if something does happen, you have a witness that can help identify the person or people responsible.
  4. Make a plan, and understand it – Make sure you put on paper exactly who will be responsible for showing your home, and how they will obtain access. Also, if you use a realtor, have that realtor give you a list of names of people who enter the house. This way, you can narrow down the list of suspects if any damage was done to your house, or in the event anything turns up missing.
  5. Decide on a schedule – Work out a time frame during which you will show your home to prospective buyers. Keep in mind that buyers want to arrange viewings when their schedule allows, but don’t make it to where you have strangers stopping by late at night.

Following these simple safety tips will allow you to enjoy the experience of selling your home, while at the same time keeping you and your family safe while people you don’t know are in your home. The phrase “It will never happen to me” are very famous last words when someone ends up a victim. Don’t let this happen to you. Take the necessary precautions, and you will be much better prepared if and when something does go wrong. It might even save your life!

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Importance of Real Estate Planning

Real Estate planning is a process which includes the steps you go through and the actions you take during the production of a real estate plan. Some of these steps and actions include formulating strategies and setting corporate objectives. Real estate planning plays a major role in any buying homes and therefore the following are some of the reasons why you need to plan:

 

Here are 7 steps to help your real estate planning

#1. Supporting secure funding and growth An up-to date estate plan is sourced for whenever a certain real estate organization wants to source for funds externally. This is often done when the organization cannot fund some of the opportunities with the free cash flows alone. A good  plan can help you convey some crucial investing information and points to prospective investors making them to develop trust and feel confident in you for planning for the future.

#2. Coming up with a new real estate planning can be used to come up and formulate on new steps towards the starting of a new business. This includes the budgetary calculations of the needed resources as well as to know what is expected to happen.

#3. To formulate and communicate the objectives or the course of action It helps to share and explain the objectives of the business with the management, the employees and the newly signed in the organization. It also helps a company to asses future opportunities and to commit towards a certain course of action making the company to focus on the main activities.

#4. To back up a loan application for the real estate Investors and lenders always ask to see the business plan so as to evaluate on future activities of the company and which would guarantee loaning.

#5. To calculate the home expenses this is used to calculate the amount of money you require to keep the house running on a monthly basis. it considers costs such as maintenance, salaries and loan payments among many others.

#6. Deciding when other new items are required and whether to buy or rent/lease them planning is used to know the exact period that something will last. With that said, you can decide on whether to replace the item with another bought or leased item.

#7. Acts as a forcing tool/mechanism towards development of the real estate planning forces you to engage your thoughts on ways to start, mature, and even leave the cornerstone rehab enterprise without incurring a loss. It pushes one to do a market research of his/her business and to analyze the company’s strategy and structure, financial needs and the mission.