Updated: Sunday, August 1, 2021
Can You Buy a House Without a Real Estate Agent?
If youre wondering whether or not you can buy a house without a real estate agent, the short answer is that yes, you can. Whether or not thats a good idea can be a different answer, though.
Why Would You Not Use a Real Estate Agent to Buy a Home?
The main reason you might be thinking about it is that when you dont use an agent, you dont want to pay realtor fees. However, buyers dont usually pay a real estate agents commission. Thats something the seller does.
Theres not much of a benefit of buying a house without a real estate agent, but you might not be aware of how the commission structure works.
A commission for an agent is usually anywhere from 5 to 6 of the purchase price of a home. The listing and buying agent split it. Sellers, since they cover this, will usually build the price of this fee into the home price.
You might not prefer to work with an agent for another reason. Maybe you know how the process works, and you think itll be simpler for you not to work with someone. You could also be working with a real estate attorney who will help you handle the paperwork.
Another reason you might be questioning whether or not you need a real estate agent as a buyer is because the seller wont pay the buyers agent commission.
What Are the Consequences of Not Working with a Real Estate Agent?
While there are few real benefits to not using a real estate agent as a buyer, there can be a lot of downsides to not using one.
A Realtor can advocate on your behalf in a variety of situations.
You might be able to find some homes you like online, but a Realtor is going to have a much better idea of not only whats available but also what its worth. Thats a big role of a real estate agentthey can come up with comparable home sales in the area to help make sure youre getting a good price. This is something thats hard to do on your own, without knowledge and experience.
Location is one of the biggest decision-making factors in a real estate transaction. In fact, you can do work on a home to improve it, but if the location isnt right for you, theres not a lot to be done. A Realtor will help you understand the neighborhood before you buy a home in a way that you might not be able to on your own.
Realtors handle negotiations, paperwork, and other technicalities of a transaction.
The big takeaway here is that there arent a lot of situations where it makes sense, as a buyer, to avoid using a real estate agent. Theyre a valuable resource, and usually, the seller pays their commission. On the other hand, there are a lot of potential problems that can occur if you try to buy a home on your own.
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7 Benefits of Investing in Commercial Real Estate
For the longest time, Commercial Real Estate or CRE investing has been accessible only to more seasoned investorsthose who have larger portfolios. Beginner investors, though, would find this particular market difficult to crack...but that was before.nbsp;
Today, thanks to the internet and online marketplaces, anyone can be an investor in real estate, even in CRE. In this article, we are going to learn what CRE investment means and its benefits. Lets get started.
What Is CRE?
So, what is Commercial Real Estate Investing anyway? This is the procurement and management of commercial properties. These structures include but are not limited to retail buildings, office spaces, warehouses, and even apartments.nbsp;
The bigger question is why you should put your money there in the first place. Dont worry. Youll find the different benefits of investing in commercial real estate below.
The Benefits of CRE Investment
1. The Profitnbsp;
Of course, the first reason why anyone would want to invest in anything is the promise of profit, and for CRE, theres actually a lot of it. You can get your ROI faster due to the influx of rental income. And since these are businesses we are talking about, you can significantly raise the rent compared to a residential structure.nbsp;
We also suggest adding amenities to the property to further boost your ROI. You can get these last-moment renovations done by getting a direct deposit payday loan. You wont even have to leave your house to get your funds. They are quick and convenient.
2. Less Risk
Another reason why we love investing in CRE is that it is less volatile. You can secure long-term lease contracts from clients for as long as 3-5 years, sometimes even longer than that. By doing so, you are already ensuring your profit for the next half a decade or so, regardless of what economic swings the future might bring.
3. Tax Incentives
Maintaining a commercial property is a hard and sometimes expensive task. The Internal Revenue Service recognizes this so thats why they offer tax incentives to its owners especially on expenses >
4. Conscientious Clients
Speaking of upkeep and maintenance, you will be pleased to learn that these chores are significantly easier compared to residential properties for two reasons. First, your clients are business owners as well so you can expect more professionalism. Second, since most of them are establishments that offer products and services, theyll be concerned about maintaining their image as well and will su>
5. Realistic Responsibilities
As property investors ourselves, one of the things we absolutely hate is emergency calls in the wee hours of the morning. Those who have invested in residential properties are all too familiar with these calls as well.nbsp;
Youll be pleased to know that you will ra>
6. Less Competition
Another thing that we dont appreciate in residential property investment is the fact that it has a lot of competition Due to their bigger structures, expect your competitors to be less in CRE. Whats more, is that CRE offers a great variety of different establishments. Think of them as niches. The more specific your niche is fewer competition and more clients youll have.
7. Increased Value Over Time
Finally, one of the secrets of success in real estate is making sure that your property appreciates its value over time. That can be difficult to do with residences, especially if you dont have much space to work with.
CRES, though, well theyre another thing enti>
Investing in Commercial Real Estate is a huge undertaking, true, but it also offers a lot of benefits. Not only does it have a faster ROI rate, but it also has fewer risks. The best thing about it, though, is that its fairly easy to triple its value with just a few tweaks. We welcome you to the wonderful world of real estate investment and bid you good luck
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Must-Know Real Estate Photography Tips
When youre trying to sell a home, whether youre an owner, or youre a Realtor, the imagery you convey is one of the most important aspects of marketing. People are inherently visual, and if your photos online arent high-quality and visually appealing, youre not likely to garner interest in your property.
Even if youre a photographer who wants to branch into real estate photos, there can be a learning curve, and its different from some other genres.
The following are specific, must-known photography tips to get beautiful pictures of a home.
Use a Wide-Angle Lens
Choose a high-quality and versatile wide-angle lens for real estate photography. It will provide you with focus and sharpness.
A wide-angle lens is meant to take pictures of large areas or objects, so when you use one in real estate photography, it helps you get the entire structure in your shot.
It can also help make a space look larger or even more luxurious.
You can use a wide-angle lens for both interior and exterior real estate photography.
A wide-angle lens can also help you best capture tighter spaces.
Take Pictures with a Tripod
You can buy an inexpensive tripod, and it can make a world of difference in the quality of your real estate photos.
A tripod helps with shooting long exposures because it provides stability and reduces any blurriness.
Tripods are also good for perspective so you can set it at the same height throughout a home, then youll have images that are the same height. Consistency is important in real estate photography.
Know the Pivotal Shots
Of course, every real estate photo shoot is going to be unique, but there are some standard shots you should plan on taking.
You should have two wide-angle shots of each bedroom, the living room, and the kitchen.
Make sure you have at least one photo of the bathroom, and anywhere from one to three photos of the backyard at a minimum.
Youll need one or two front-of-the-home shots, and one shot of all the other features like the pantry and the closets, if theyre compelling and organized.
If youre a real estate agent doing your own photography, youre likely going to have a better idea of whats most important and what to prioritize in your photos.
Before taking a real estate photo, decluttering is important. Small pieces of clutter that you might not even otherwise notice are going to appear prominent in photos.
All surfaces need to be clean, and if there are any decorative accessories, keep them to a minimum.
Aside from generally clearing clutter from a shot, remember to wipe off the counters, so they look polished, and add something like a bowl of fruit on your kitchen counter.
In bathrooms, put the seats down and clear off surfaces.
Consider the Weather
For real estate photos, natural light is a must-have, especially when youre shooting the homes exterior.
Aim for a clear, sunny day or a partly cloudy day.
When you take photos against daytime light, your colors are going to be bright and saturated.
If the weather is too cloudy, its best to reschedule and take your photos at a different time.
You also want the sun to be behind the house.
Since natural light is so important for real estate photography, the blinds and curtains should be open.
Consider Lightroom Presets
Finally, if youre new to real estate photography, or even if youre not, you can save yourself a lot of time in editing with Lightroom presets.
With Lightroom presets, youre using editing presets. You use Adobe Lightroom while editing your photos and then you use controls which are called sliders to change certain settings such as brightness and contrast.
Once you get a combination you like, you can save it, and that then becomes your preset.
You can apply that preset to all of your photos, and then all of your settings are automatically adjusted.
Along with making your own presets, you can also purchase them. When you purchase them, it gives your photos a certain look and sense of consistency.
Having Lightroom presets will speed-up your editing overall, and give you a more polished final product. Buying presets is especially useful if you dont have a lot of photography experience because they can help you with the editing learning curve.
Finally, if you have a large property or a particularly beautiful yard youre working with, think about using drone technology to add something unique to the listing photos.
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