Red Deer money for house

When house shopping, many people think the hardest part of getting a home is finding it. Actually, the most difficult part is finding the money to buy it.
Right now, the banks are being very conservative in their lending policies so you may have to go to two or three mortgage brokers (yes mortgage brokers not just banks) to find financing. You could have to dig, and then dig some more, looking for money in the ocean of possibilities. Sometimes, you may have to put more money as a down payment than you thought you would have to. Sometimes, you may have to pay off some extra debt so that you can afford the home you want. You may have to buy a home with a suite in it so that you can afford to have a nicer home with income generated from the basement.
It is not easy to pry the money out of the bank's hands; you have to be determined! If you get turned down once or twice, it’s not a sign; just a sign of the times. You have to persevere because only the strong and tenacious will be able to succeed in getting financing for a home.
#ChasingTheMoney
#Tenacity
#RomeWasntBuiltInADay
#HarderThanYouThink
#TeamKanderHelps

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Red Deer real estate deals how do I know if I am getting a good deal?

When people are buying houses—especially lately— they seem to think that as long as they get the house for a lot less than it’s listed at, then that’s a good deal. This is not necessarily true!

“You can buy something that’s worth it or you can negotiate down something that’s not” —Penny Kander

What I mean by this is: if a home is well priced, then it may sell for over list price and still be a good deal.
Inversely, a home could sell for $50,000 less than it’s listed for and still not be a good deal (as in a good price for that home, in this market).
So when you’re looking at homes, you really need an expert who can find the information as to what the property is worth, in order to establish whether the property is a good investment, and therefore in fact “a good deal”.

#TeamKanderExpertAdvice
#WhatIsAGoodDeal
#InsideScoop
#DealOfTheWeek

Free real estate investment education at

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Can I buy a house without a Realtor in Red Deer?

Previously, we met a new client and showed him a couple of homes. When we called to follow up, he said that he found a private sale and had snapped it up. “Oh, Ok. Where is your new property?” He went on to describe the location. (he was from out of town and was not familiar with areas in Red Deer)
Then he added that the home had an illegal suite
Now, a few years later, he wants to sell the property but cannot because:
1. He will lose money.
2. The house is located in an area that is difficult to sell.
3. Illegal suites aren’t as easy to qualify for as homes with legal suites.
4. The suite could be shut down and he could be fined if discovered.

Don’t go shopping without us! When you’re purchasing a home, we are a free service for you. NOT hiring an experienced Realtor could cost you more than you know!
#TeamKanderHelps
#NewHomeShopping
#InvestmentAdvice
#HireTheBest
#FreeEducation

Free real estate investment education at

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Buy and Fold

DIRT: That's where it’s at!
Did You Know...that the size of the land and its zoning can be more important to the value of your property than the actual house? Houses don't actually go up in value, they depreciate. As houses age, they require repairs just to maintain the same value that they had when you purchased them. Things break and need replacing just like cars. Real estate refers to the dirt; the land that the house sits on!
Find property where you can build something bigger, like a suited property or apartment building, or something you could subdivide! That dirt may be the price of a normal house but the future value is much higher! Buy something on the edge of town, or in town in a mature neighborhood that's on a big lot that you could subdivide into 2 lots, or buy something with different zoning, zoning that allows you to build something higher density. R 2 zoning is for duplex’s or 4- plex’s, R3 or R4 can be apartment building sites in the future. Look to the future, examine all the possibilities of a property, then decide with the big picture in mind. Take a piece of land and fold it up to the next level of use.

Free real estate investment education at

https://www.facebook.com/teamkander/

Be Like a Cash Buyer

How can you be like a cash buyer without having the cash?
Being prepared before you go look at homes is one of the most important things you can do. If you are able to get pre-qualified for a mortgage, this makes you like a cash buyer! It’s like buying a car after doing your research. If you show up with cash and say "I want that one, here's the cash!", that dealership may have had a bad year and may need to sell a car for cash to make payroll. Rather than financing it and waiting 5 years for their money, they may accept a lower price than they want because it’s an instant sale!
The best way to get something for the least amount of money is to figure out what the other person wants for their home and then offer slightly below that. Just so slightly that they hum and haw over it and agree to the price even though it’s a bit less than they wanted because it will be SOLD!
If you go too low, they may come back high and then you end up paying more than you could have bought it for if you had just come in with a stronger offer at the start.

Free real estate investment education at

https://www.facebook.com/teamkander/

One of our most recommended strategies for building wealth is to own suited houses. You can move into the house and get in with 5% down. Then you can rent out either the upstairs or downstairs depending on where you want to live. You can also rent out the garage. You can end up living for very little or sometimes even for free. Plus, if you want to move out of this property into another one you can do it all over again and the first house will help you pay for the second house. Then, when you are ready to retire, if you want to travel or fulfill another goal, you can use the income from ALL of the different spaces to fund your adventure. Let other people pay for your retirement!

Free real estate investment education at

https://www.facebook.com/teamkander/

Leverage is the most powerful real estate strategy in Red Deer!

We believe leveraging is the single most powerful strategy in real estate.

This is achieved by using the banks or OPM (other peoples’ money).

When you buy a house and move into it, you can get in with as little as 5% down. Then later you could turn it into an income property.

Normally, to acquire an income property, you would have to invest 20% of the value of the property for a downpayment (which is a ratio of 4-1) but 5% down is a ratio of 20-1! This way you are only using a very small amount of your money and borrowing the rest. This means that if you invested $15,000 and the property went up $15,000 in value, you have made a 100% return on your money. There are not many places in life where you could get this kind of return using mostly other people’s money.

You can use this powerful strategy up to 4 times! Putting 5% down each time. If you move into any property with 5 or fewer apartments you can purchase it for 5% down. Legally suited, Full-duplex, Triplex, 4 Plex, 5 plex, acreages, townhouses, condos, and single-family houses all apply for this strategy.

There’s even one better...If you have amazing credit, you can actually purchase a home with as little as 2% down. This makes it a ratio of 49-1 ratio, not just 19-1.

Free real estate investment education at

https://www.facebook.com/teamkander/