One thing important to understand about these types of deals is that they aren’t super quick money. Typically the work will take a couple of months and then it will usually take a month or two to find a buyer. Hard money lenders typically loan money for 6 months as this time frame usually is sufficient to sell the fixed up home.
Finally, the day before the trustee’s sale, (auction eve) my local sherrif came by personally and let me know that it was time to go. With a Warrant in one hand and the other resting on his pistol, I didn’t argue.
It takes about 3 months to go from a ‘peak’ to a ‘valley’ in commercial real estate. The same rule applies in reverse. If you want to remove the volatility to your commercial real estate point and commissions, you must keep in touch with the right prospects even in the busiest of times. That’s what top agents do.
It is a known fact that the best agents are in control of what they do and when they do it. It is that level of control that helps them get the job done and build market share. You could say that they have some real priorities that they work to.
Brookmont is a secluded neighborhood in Bethesda, Md., nestled between MacArthur Boulevard and Clara Barton Parkway. This distinctive community is made up of a particular mix of Washington’s who’s who, including artists, granola-types and outdoor enthusiasts, kayakers in particular. With easy access to the nearby Potomac River, boats are popular backyard fixtures. Brookmont does not get a lot of automobile traffic, so it’s a good area for small children and dog owners. This is a neighborhood filled with actual neighbors, sharing community activities, block parties and parades. Located just across the D.C. line, the commute into the District is a breeze. For many it is the best of all worlds where they can enjoy country living in such close proximity to the big city.
First, let’s try to understand how this person may be feeling at the moment. Probably disappointed that their house didn’t sell. And in many cases they will blame their real estate agent. The number one complaint I have heard is that their agent never kept in contact with them. They never had any idea what was going on with the sale of their house. Even if the agent had done a good job, the property owner would not have known.
So, dear reader, I pray that you have found something from my story to take with you. In fact I feel that mortgages in general are always a horrible deal and even if you pay your home off, you can still be foreclosed on for not paying your taxes on the property underneath it. -And so will your children, and theirs too. Property tax foreclosures take a little longer and the amounts aren’t as high, but they still happen to 60 people every day in America.