You probably see a few houses every week if you are an active real estate investor.?? What you do when you see your houses determines the consistency with which you close deals.
This is a list of things you must have before you go to see your houses.
1)?Flashlight
When you go to see most houses, you are likely to find the utilities disconnected.? This applies to most vacant homes you will go to see.
A flashlight in your car always comes in handy.
2)?Face mask
As unlikely as this sounds, I have found it necessary several times I have gone to look at houses.?? I am referring to the mask that covers your mouth and nose, not the ninja type mask.
I once went to see a house that had been vandalized, including the copper in the plumbing.?? By the time the city turned off the water, the house had flooded a few days.
Since then I have visited several properties where you just cannot breath unless you filter the air you breath.
3)?Hand sanitizer / insect repellant
Lots of vacant houses stink and are infested with fleas.
You end up touching dirty doors, knobs, etc, and probably get infested by fleas.?? I always spray my shoes with insect repellant and sanitize my hands after I am done.
4)?Digital camera / Video camera
Most people these days carry smart phones with both digital and video cameras.?? Get yourself one if you do not have one, it combines many useful tools in one.? Always take some pictures and even video when you go to see your houses.
A voice recorder, usually in the smart phone comes in handy to narrate useful things. I find it easier than having to take notes.
5)?Calculator
Of course this is an obvious must have.? I generally find the one on my smart phone enough for my needs.
This is one tool you will always need, whether you are estimating repairs, making offers, etc.
6)?Screwdriver, hammer
These come in handy when you find houses that are boarded up.?? You have to gain entry, then re-board it after you are done.
7)?Deal analysis
By the time I go out to see a property, I already know about the repairs needed when I pre-screen the sellers.?? My visit serves to confirm the information I already have.
I already have comps done and have an idea of the offer I will make.
I can revise these numbers if things on the ground are different.? Always be prepared to make an offer before you leave.?? By the time you go to see the house, you already know the asking price.
Most motivated sellers will accept your offer right there.
8)?Purchase agreement
The time to sign the contract is when the seller accepts your offer, not later.? You must have contracts ready to sign, or even blank ones in your car.
9)?Business cards
Most motivated sellers know others in a similar situation.?? make sure you pass your business cards to them. Of course, remember to promise a gift if they refer their friends.
10)?Yard signs
As soon as I get a house under contract, I put a We Buy Houses sign on the yard, with the owner?s permission.? These signs can bring you a lot of extra business.
In order to buy houses efficiently, you must pre-educate motivated sellers, pre-screen them analyze and make offers that get accepted. Learn how an interactive, automated real estate website can deliver pre-screened and pre-negotiated deals for you.
Tags: real estate investing, Real estate investors, real estate website, sell your house
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