Zack Childress Directives to boost real estate returns

Zack Childress Directives to boost real estate returns

Real estate is one of the lucrative industries that provide an excellent opportunity to get a good ROI.For this, all that you need is, be in terms with what you are doing to yield positive returns from a real estate deal. However, at the same time, the risk involved in real estate can lead to bankruptcy and depending on the economic affairs there are chances for you to become a person that has lost everything.

You need to be familiar on the subject of real estate scenario, and this precedes the process of purchasing a rental property or putting money into any particular realty. You cannot become affluent overnight with real estate deals. You need considerable amount of patience and those who have come out with flying colors in real estate have done considerable research, and they treat it like a full-time profession.

Come to terms with your risk:

It is a blatant fact that you are getting into something risky when going for a real estate deal. When going for investment in real estate property, you need to be aware of the risk which every stride has to put forth. Every step of the way, there is going to be some kind of risk, so you need to come to terms with your risk and your limitations.

If you can handle things unaccompanied, then a fixer-upper would suit you. If you are not that handy, it might not be the right choice; considering a fixer-upper without knowing how to handle it will end up in a situation where you have to give out money for professionals, ultimately resulting in reduction of the profit that you were supposed to yield. You have to know to tackle people individually. If you do not desire interacting with people, do not go for a multi-unit property. When you do not have any fair idea regarding the vicinity, you have to resort to some other alternative.

Hedge Inflation:

Above all, during times of financial tight corner, you have to know how far the money goes. When there is a hike in inflation, the salary class people find themselves in financial constraint, and they find it hard to make the ends meet. The same is the case with an apartment manager. During times of inflation, the apartment manager opts to hike the rent to meet your requirements for the inflation.

There is a direct association between the real estate returns and the costs that exist in the market. When inflation occurs, other costs will also increase. But, the expenditures on other basic amenities will not have a negative influence on the real estate income. But, a landlord who is not diligent may lose the chance to make the best out of the favorable circumstances.

Zack Childress Directives to boost real estate returns

Keep track of the duration of investment:

You might be spending majority of your time on the property. Apartments that do not adhere to the quality guidelines will result in the investor spending more time on the investment. On an hourly basis, calculate the money you obtain through the property.

Start with the ABCs

If you are a novice in the real estate, do not consider putting a huge amount on a posh apartment. Start from the basics, and purchase the residence where most of the people prefer to purchase it.

Once you have got an idea of the location, hold a meeting with the realtor. Get a clear picture of the market in the vicinity. When you know much about the market, allocate time for the market and see to it that it works in your favor.

Zack Childress, the multifaceted realty expert, has held a number of seminars which throw light on the process of increasing real estate returns. You could read his articles to know how to get into a realty dealing which is scam-free.

The American population spends more on the social media. And many smart phones are being sold every minute. The social networking sites have gained a firm foothold, and are to influence the population in a positive way. There are a huge number of androids being sold every minute, and internet marketing and communication have grown rapidly. There are added sites which enable access to YouTube, Twitter and other social networking sites.

  • There was a crisis in the real estate which was overcome by professionals who dealt with it in a creative way. The chief aim of real estate professionals is to post the listings for sellers and buyers alike.
  • Realty agents in the presence market scenario can make out a few things about social media.
  • The identity that you establish online is the main reason for success in the market.
  • The social networking gives access to the information for potential home purchasers and sellers.
  • There is easy access to videos and other important files which are offered by the social networking sites.
  • Traditional marketing has its own constraints, and the social media does not have limitations with respect to conversations online.
  • The social networking is an efficient way to establish reliability, authenticity and an impressionable personal brand.

There were days when you might have been besides the phone or in the office anticipating the clients to make a phone call or step into the office. But now, for clients, everything is accessible in the net. So, you need to make your information available in the net.

  • Facebook gives easy access to those who want to visit your site. There are other sites as Twitter and YouTube which enable the customer to connect to your site.
  • The mobile industry has revolutionized the world, and the mobile marketing is powerful than any other marketing tool. Searching through the smart phone has become increasingly prominent. More than the desktop, the mobile browsing has become popular, and the real estate icons need to keep pace with the competition to assure that they are just a click away from the customers.
  • Before getting into the social media, people were hesitant about the very idea. But now, people are very much depending on the social media to grow their business. The procedures as entertaining a client, giving feedback to them are carried out through the websites. You need to allocate time to respond to the customers and create knowledge about your brand. You might update where you are staying, and people will pour in to complete the deal.
  • Various tips about the vicinity could be given through the social media. You can establish contact with people who hold expertise via the social media.
  • The mobile marketing has become an invincible tool in the smartphone revolution. Over the last two years, browsing through mobile has grown beyond astounding proportions. Many popular real estate professionals have started their websites. There are a number of websites through which you can connect to realty agents and make best use of the marketing scenario.
  • The sky is the limit when it comes to the possibilities, and there are abundant rewards when you spare time to be in the social media. You can take full advantage of its scope.

Zack Childress, the real estate professional, is very much active on social media, and he has written a number of articles and has conducted many seminars. You could listen to his seminars to get into a scam free real estate marketing.

Real estate is an intricate business; however, it is not an overly complicated business. Being aware of the trends is said to help you stay ahead of the curve. The real estate marketing insights and the trends listed out in this article is said to help you stay ahead of the curve.

Zack Childress Directives to boost real estate returns

Online listing portals

Dominating significantly, real estate listing portals are most used on a large basis when marketing a property. Although newspaper listings have declined over the years, people still list on the newspapers too, but the count is big on online portals.

Social media is the rage

the escalating trend in the real estate marketing industry is social media. Though different platforms fall into place, Facebook and LinkedIn are leading.

Be mobile-friendly

consumer’s activity on mobile devices have actually out-performed and this is very much applicable to real estate property marketing as well. In order to save time and to scale up the versatility factor, people are becoming mobile-friendly; in addition, this also helps in easy availability. To stay relevant, real estate agents should be devising mobile-friendly websites that slot in users directly from their phones.

Some of the key points to commit to memory:

  • As an agent, your focus should be on the needs of the client over the commission. As a matter of fact, the ones one satisfies the clients are the ones that earn the most.
  • Being aware of which items to pay off and get removed from a credit report is key!
  • You can consider adding mortgage brokers to your team.
  • Several real estate agents follow one size fits all approach which isn’t suitable for all great deals, so according to the requirement it has to be personalized.
  • Apart from raking in record profits, the main intention of a real estate agent should concentrate on getting creative. All successful agents are savvy!

Having said all that, there are two other attributes that every customer would want and it is nothing but quality products/service and satisfactory customer service. Especially when choosing a property marketing provider, this is very important. Having easy access to images and a fast turnaround time are the other options that have tagged on to the aforesaid attributes. In a survey, people have said that a fast turnaround time was important when deciding real estate marketing provider.

If you want to start building your knowledge and skills on the key concepts of real estate, then keep tuned to Zack Childress real estate seminars and camps that will help you build your skill base.  Zack is a real estate entrepreneur who conducts seminars and boot camps on real estate principles, markets, finance, and much more.

Social media is very well known among most of the people. Many people open out accounts on social media sites like Facebook, Twitter and Pinterest. They actively use social media for various purposes. With the increasing amount of sales and purchases in the real estate sector, real estate agents have to come up with innovative and new methods of marketing their products and in turn themselves. They should leverage the power of social media to do this. In this article, Zack Childress, a real estate investor and master educator, gives social media marketing ideas for real estate agents.

You must put yourself in the shoes of the buyer persona

The buyer persona is your ultimate god. He is going to elevate or demote your business. Many real estate agents do the mistake of promoting themselves on social media by talking about what they do in a monotonous manner. They don’t present it attractively. Instead, put yourself in the shoes of your customer. He is the genie who appears in your dream. Allure him. For example: A seller’s agent instead of saying, “I read the marketing trends, help determine prices and give staging tips” can say: “problems in selling your home? They will become minimal when you tap my office doors. Market research, best price fixations and superb staging tips with real estate agent Sam. Come soon my dear clients to whom I offer the best services”. If you cannot write good content, then engage a creative writer who can write persuasive and captivating content.

You must not instruct

Instructing is a really boring tone for addressing clients. They feel seldom welcome to visit your social media page. Instead, lure them to visit your page. For example: “go to this Face book page” can be substituted by saying ”learn the magnificent secrets of real estate with this Facebook page.”

Use attractive tools

Use photos and videos to grab attention. They must be top quality ones and must reveal the various areas of the home in a best light. A live video showcasing the tour of the home will help to a great extent. If you cannot take fine photographs or capture good videos, then hire a professional photographer and a person specialized in taking video coverage. It is really worth the money.

Zack Childress Directives to boost real estate returns

Know the client’s interests

Before you post something, identify the client’s tastes and interests. Listen to them and then go for posting.

Don’t post meaningless content

Don’t put meaningless posts. They should be avoided. More than half of the posts should be referring to lifestyle guidelines and client’s quarter of interest. The rest must be about your real estate agency and the work you do. If you post just to reach a specific count, your efforts to attract the client base will bombard.

Real estate buyers and sellers make some sure shot real estate mistakes. These are to be solved by using the guidance of an expert real estate agent. There are also many articles on the web and magazines which have compiled together these flaws. Zack Childress, the owner of REI success academy which promotes automated wholesaling systems gives us a general overview about the common real estate mistakes that are made in this article. So let’s read this to learn about it.

Buying a house for its decorations

We are not buying the objects inside the home but the home itself. The decorations should not be considered above the home. We should give more importance to the square footage and the floor plan. We can also measure the dimensions and plan on how our belongings will fit in with the new home.

Don’t blindly believe what is seen on the internet

We cannot afford to blindly believe what is there on the internet. The internet is full of cheats who will fleece us into paying for a property which is not theirs. Also the property may be different when we see it in person. The pictures that we see on the internet do not reveal everything. For example: We may have not seen in the pictures that a house is backed up by train tracks and dustbin areas. So, we should always ascertain what we read or see on the internet.

Give easy access to the home

We should give easy access to the home. Our home must have a nice parking facility and it must be easier to get into the home. If buyers don’t find it comfortable, then it is a put off factor. They will start looking for alternate properties if this happens.

An owner’s title insurance should be brought

When we buy homes, we must buy an owner’s title insurance. The owner’s title insurance must be brought along with the lender’s title insurance. Otherwise if something goes wrong, the lender will be made responsible wholly financially. If we buy with cash, then we must order our own owner’s title insurance. There can be so many things that can go wrong with the title. A former owner will pop out from nowhere and claim his right to the house and so can tax liabilities.

Doing everything on our own

It’s not good to do everything on our own when we sell or buy a home. We should take the help of a real estate agent. We should select a good real estate agent who has deep knowledge on the subject. He will direct us on the market trends and a few other crucial aspects of the sale or the buy.

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Zack Childress-An Insight Into Time Taken To Save Money Or Down Payment

Zack Childress-An Insight Into Time Taken To Save Money Or Down Payment

As with home ownership, down payment is a major concern, however, together with it, add up other expenses like closing costs and reserving funds for the unavoidable maintenance and other everyday expenditures. So, together with the matter of saving for your down payment, you need to be ready to spend for other operating costs as well.

If truth be told, very few are able to save money for down payment in a period of 12 months, and it is a matter of years, actually speaking. On the other hand, involving people who have been faced with other concerns of life like rising rental values and health care costs, it will take years and years of time to save money for down payment.

In view of the fact that, strong demands for homes coupled with the scarcity of available homes for sale are two significant factors that cause home prices to go up across the globe, this has paved a way to inaccessibility of homeownership for some buyers. With that said, now let us have a look at why you should consider giving a higher percentage of down payments and how it benefits you. Zack Childress Reviews Cons of Dual Agency

  • The chances of you getting that mortgage are high- An amount paid prior to buying a house is very important and only when you are ready to pay such high percentage of down payment for your home, banks will be ready to offer you a mortgage. With that said, the chance for you to qualify for a mortgage is high when the down payment is more. The once existed 10, 5, and zero down payments are not noticeable these days.
  • All rules pertaining to the consumer financial protection bureau has changed in the recent years- For a person to qualify for a mortgage amount, he/she will have to meet a 43% debt-to-income ratio meaning after you tot up credit payments, property taxes including other money owing, like credit card balances, your auto loans or education loans, your entire arrears has to be not as much of than $43 for every $100 in earnings you produce on a month basis. With this being the state of affairs, the probability for you to qualify for a mortgage is high.
  • With a higher percentage of down payments, you can enjoy smaller monthly mortgage payments together with the benefit of less interest rate. And by this means, you can save a significant amount of funds over the life of a mortgage. This paves a way to greater financial sense, in addition, it helps you to better prepare for sequestration.
  • With a more than expected percentage of down payments, you can also enjoy instant equity build up. For instance, a percentage more than 20% of down payment is said to put equity into a property as soon as you purchase it and that down payment defends you if the real estate market turns sliding in the interim.

Stay updated with Zack Childress real estate tips, learn more details regarding home mortgage loans. His articles help you know how to get into a scam free real estate transaction.

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Zack Childress Tips to Know How Social Media Works In Favor of Real Estate

Zack Childress Tips to Know How Social Media Works In Favor of Real Estate

The American population spends more on the social media. And many smart phones are being sold every minute. The social networking sites have gained a firm foothold, and are to influence the population in a positive way. There are a huge number of androids being sold every minute, and internet marketing and communication have grown rapidly. There are added sites which enable access to YouTube, Twitter and other social networking sites.

  • There was a crisis in the real estate which was overcome by professionals who dealt with it in a creative way. The chief aim of real estate professionals is to post the listings for sellers and buyers alike.
  • Realty agents in the presence market scenario can make out a few things about social media.
  • The identity that you establish online is the main reason for success in the market.
  • The social networking gives access to the information for potential home purchasers and sellers.
  • There is easy access to videos and other important files which are offered by the social networking sites.
  • Traditional marketing has its own constraints, and the social media does not have limitations with respect to conversations online.
  • The social networking is an efficient way to establish reliability, authenticity and an impressionable personal brand.

There were days when you might have been besides the phone or in the office anticipating the clients to make a phone call or step into the office. But now, for clients, everything is accessible in the net. So, you need to make your information available in the net.

  • Facebook gives easy access to those who want to visit your site. There are other sites as Twitter and YouTube which enable the customer to connect to your site.
  • The mobile industry has revolutionized the world, and the mobile marketing is powerful than any other marketing tool. Searching through the smart phone has become increasingly prominent. More than the desktop, the mobile browsing has become popular, and the real estate icons need to keep pace with the competition to assure that they are just a click away from the customers.
  • Before getting into the social media, people were hesitant about the very idea. But now, people are very much depending on the social media to grow their business. The procedures as entertaining a client, giving feedback to them are carried out through the websites. You need to allocate time to respond to the customers and create knowledge about your brand. You might update where you are staying, and people will pour in to complete the deal.
  • Various tips about the vicinity could be given through the social media. You can establish contact with people who hold expertise via the social media.
  • The mobile marketing has become an invincible tool in the smartphone revolution. Over the last two years, browsing through mobile has grown beyond astounding proportions. Many popular real estate professionals have started their websites. There are a number of websites through which you can connect to realty agents and make best use of the marketing scenario.
  • The sky is the limit when it comes to the possibilities, and there are abundant rewards when you spare time to be in the social media. You can take full advantage of its scope.

Zack Childress, the real estate professional, is very much active on social media, and he has written a number of articles and has conducted many seminars. You could listen to his seminars to get into a scam free real estate marketing.

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Zack Childress Reviews the Cons of Dual Agency

Zack Childress Reviews the Cons of Dual Agency

Dual agency is when the same person is the agent for both the parties involved – buyer and the seller. Dual agency has both pros and cons. In this article, Zack Childress, a real estate agent reviews the cons of dual agencies. To get an insight into the pros of dual agencies, check Zack Childress review on pros of dual agencies.

Agents do not do a fair job

Agents do not do a fair job when they represent both the parties. They sometimes don’t represent the interests of either side properly.

Divulgence of vital information

Just because the same agent represents both the sides, it does not mean that crucial information will be disclosed. For instance: the seller may have told the agent that he will accept lowest price under certain situations. But, the agent cannot reveal this information to the buyer as this means that he is giving away the sellers property. He can do so only with the seller’s permission. Similarly, the agent cannot disclose to the seller that the buyer is willing to pay a higher price for the property unless he has been authorized by the buyer to do so.

Reduced offers for the sellers

A dual real estate agent may limit home showings for the seller’s property to secure the property for the buyer. This is bad for the seller as he may not get the best price for his property. The dual agent restricts home showings unless it is sight unseen. This can cost the seller a chunk of the price.

Legal options are much lower

When legal problems arise, you can file only one law suit against a single agent or a single agency. There will be only one broker insurance company to aid you in paying the damages.

Dual agents may say anything to make things happen

Dual agents may say lots of lies to bring about deals. Dual agents get full commission on deals and hence will be do anything to sell the home. They may not give you proper advice and give you a good picture of the real market scenario. They may give away the property. If you want to go in for dual agency, you need to do a study on real estate lies. If you feel that the agent is hiding something from you or misrepresenting things, then you can fire the agent.

There may be a clash of interests

A buyer’s agent must be able to get the lowest possible price for the buyer whereas the seller’s agent should get the highest possible price for the buyer. So the agent is caught amidst conflicting interests. In this case, the agent may have to overlook the interests of one party over the other. Generally, the agent favors the seller since he is going to get a percentage of the selling price as his fee.

Conclusion

These are some of the disadvantages of dual agency as reviewed by Zack Childress. Home buyers and sellers can read this and determine whether dual agency is suitable for them.

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Zack Childress Guidelines on Finding a Neighborhood That Suits You

Zack Childress Guidelines on Finding a Neighborhood That Suits You

Introduction

When you buy a home, it is important to find the right neighborhood. The right neighborhood depends on your tastes and situations. In this article, Zack Childress, gives guidelines on finding a suitable neighborhood.

Determine the kind of community you want to live in

What type of community do you seek? Some may love to live in the busy cities where everything is available at their doorsteps while others may love to live in the quiet and highly sociable suburbs. Some localities have a combination of suburb and city elements. These are city like suburbs. They have the quiet and peace of suburbs and have amenities like cities. Yet suburbs cannot cross cities with regards to facilities. So, to which category do you belong to? Ask yourself before you choose a neighborhood.

Pleasure activities that you enjoy

What type of entertainment do you like? Movies, walking, sports, travel, tennis, swimming and others are some of the universal leisure activities. If you love these, then you can go in for multi-family community homes.

Commuting distance

Do you like to commute long distances for work or do you prefer your office to be in close proximity? Do you have a car to traverse?

Other things to decide upon

Apart from these parameters, decide whether you want to live in single-family or multi-family homes. Do you like to live in historic communities or new ones? Well historic communities have strict standards and have high property value. But they lack in modern facilities. They will be close to the city center. Whereas, new areas are far from the city and have modern amenities. Determine whether you would like to live in a condo, townhouse or apartment. Would you like to have shops, supermarkets, bars and restaurants in the vicinity of the neighborhood? Prepare a list in which you jot down points on what your present community lacks in? If you are a parent, you will want to go and live in areas with good schools.  Also, carefully ascertain what you don’t want in your new neighborhood. For example: you may love a peaceful neighborhood. This way, you would not like to stay adjoining to the market areas.

Ensure the safety

A small thing such as sidewalks can be very crucial in deciding the safety of the home. When you are walking on the road, you don’t face the risk of getting hit by a speeding vehicle. This is very safe especially for children. Crime rates feature in the safety of a neighborhood. Don’t choose areas with high crime rates.

Determine how the neighborhood can withstand volatile markets

You should check the past history of homes to see if the worth of the home will be maintained in the long run or whether it will grow. You can check the bygone prices of similar properties to confirm how the home can perform in a volatile market.

Conclusion

These are very basic guidelines given by Zack Childress to determine the most suited neighborhood for you.

 

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Zack Childress Tips for Real Estate Agents on How to Deal With Clients

Zack Childress Tips for Real Estate Agents on How to Deal With Clients

 Introduction

Real estate agents must know how to deal with their clients and this is the most important area that they have to focus upon. In this article, Zack Childress, a real estate investor and speaker, gives tips to real estate agents on how to deal with their clients.

Ask your clients if they have hired other real estate agents

When you talk to your clients, find out if they have engaged other real estate agents. If they have, then ascertain what happened to them. Are they busy with some other work since they have not appeared for a while? If so, then inform them that you have been called by their client for help. Keep up a good relationship with fellow agents.

Divert the clients with negative mind sets

Some clients have a pessimistic view about everything. If you take them to tour a good home, they will absorb just the one or two flaws about it and say that the home is not good. In that case, you can try this tactic. Give them a pen and paper and ask them to list the flaws and the pros about the home. When they make the list, they themselves can learn that there are some very great positive points about the home. If they don’t realize it themselves, then you make their gloom-ridden minds to focus on the strengths. You should master this tactic of persuasion.

Listen to clients who complain

Listen carefully to such clients. They will feel as if you care a lot about their grievances. If you feel the complaints are valid, try to do something about them. Else, just concentrate on other works.

Ask questions on income details and ascertain

This is a very crucial area that you must interrogate. Most clients have to pay about 30% down cash at least to obtain a loan. Check their documents carefully and verify their sources of income. Also figure out if they can handle their mortgage payments. Do they have other payments to make? Do they have a partner helping them out?  You can even arrange a reliable lender for them if you have scrutinized everything.

Ask them whether this is the perfect time to buy a house

Ask the client if this is the correct time to buy a house. This will give you awareness about their prime concerns.

Point out bad ideas to clients who think they know it all

There are some clients who think they know everything. For example: if you give details about an area, they will act in a know-it-all manner or know-better manner. In this case, ask them specific questions and quickly make them realize that their knowledge is not enough and deep. However, you should not kindle their ego while doing so. You must do it subtly and carefully.

How to deal a project of real estate indenture on something that you don’t have possession of? This is the question that arises when it comes to the wholesaling real estate. Selling something that you don’t own is impossible unless you have an equitable interest in the property. A signed contract from the seller is all that takes for the investor, i.e., the equitable interest. It may perhaps be an alternative agreement or other contractual agreement that will let the depositor to pay for the property if and when he is able to do so or by a specific time period.

Some depositors believe that taking the receipt of an Assignment of Contract that they are actually advertising the Assignment of real estate contract for the real estate and not the real estate itself. Nevertheless, the theory behind this is the same; the original contract from the seller to the depositor lets for an equitable interest in the land which can be allocated or put up for sale. On the other hand, if the original agreement says there can be no transfer, this clause can be prevailed by just appending a clause to the original contract that permits an assignment of the real estate contract.

A little investigation is definitely considered necessary and essential; above all, how much this is done legally is what makes the real estate contracts valuable. With all that said, it is always good to seek counsel from legal representatives for a professional advice. By this means, one can earn money by doing what is permitted by law without having to be lead astray.

See More facts about:Creative Real Estate Investing

A fraction of the setback goes to a great analysis of convention that was formerly intended to avert scam but does not take in what really turns out in depositor transactions.

If you want to make a treasure out of real estate investments, everything done by proper means then getting professional advice, training, from the experts is a must, moreover, it will help you empower yourself to make lucrative choices for your investment goals irrespective of your experience level.

Zack Childress has attained enormous success in the field of real estate. Taking real estate investment avenues and also investing by toting up together the ability of assets investing on-line and unfastening the profit potential of a handy deal. Zack now takes things to the next level by elucidating the keys to assembling an efficient investment and capitalizing the growth of web assets marketplace. In order to hinder the progress of this real estate aficionado, his competitors are trying to spread out false news of Zack Childress scam which is absolutely fake; don’t be misled by the false news.

Conclusion

The basic high class quality of a good real estate agent is the tactical way he deals with his clients. These tips given by Zack Childress are beneficial to real estate agents and can help them deal better with their clients.

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Types of Real Estate Agents – Zack Childress List

Types of Real Estate Agents - Zack Childress List

 Introduction

Well, there are many types of real estate agents. There are real estate brokers, realtors, listing agents, broker associates and so on. In this article Zack Childress catalogs, interprets and describes some types of real estate agents.

Realtor

A realtor is a member of a body called National association of realtors. A realtor is eligible to belong to state and local trade unions. By becoming a member of the NAR, he has to conform to its system of principals. He has to implement the ethics laid down by this guild and also pay annual dues to it.

Buyer’s agent

A buyer’s agent represents the purchaser of a home in a real estate deal. There are agents who work for buyers out and out and these people don’t work for sellers. Agreements between the investor and the buyer’s agent are a little relaxed and sometimes it is not even mandatory.

Dual agent

A dual agent acts as the buyer’s and the seller’s agent in a real estate transaction. If you are purchasing a home in North Carolina, then the agent whom you are working with will also serve as the home seller’s agent. Using a dual agent has an advantage in that he is well known and comfortable with both the buyer and the seller. This eliminates confusions and practical difficulties. A seller may pay lower commission rates to a dual agent since chances of such agents lowering commission rates is higher. Sometimes, when a listing agent and a buyer’s agent work for the same broker, this is also called as dual agency. Dual agency may not be legal all the time.

Real estate broker

He is a biggie in the field. He has passed the broker’s real estate test and holds a license. He is qualified to run his own firm and monitor agents who work for him. He is eligible for taking up the exam if he has a 4 year degree and 8 college level real estate programs. As a higher ranking real estate professional, he may have to perform duties such as governing market values, marketing properties for sale, arranging home tours, home inspections and helping out customers by deciding on appropriate homes for them.

Listing agent

He is the seller’s agent. He lists the seller’s home in the local MLS listings. A real estate listing agent gets commission from the seller.

Transaction coordinator

He is one who helps a broker or an agent with organizational work. He assists in opening of escrow accounts, paperwork and managing deadlines.

Associate broker

They are entry level real estate brokers who have just cleared their licensing exams. These fresher brokers work under real estate brokers similar to agents.

Transaction agent

He does not represent either buyer or seller. He just mediates or regulates the deal.

Conclusion

People use terms such as real estate agents, realtors, real estate brokers and so on without really knowing that they mean different things. This list of agents, definition and elaboration by Zack Childress will clear this confusion.

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Zack Childress reviews- Watch Out for Those Real Estate Scams

Zack Childress reviews- Watch Out for Those Real Estate Scams

Real estate companies regularly receive information on real estate scams from customers who were affected by the scandals or know other people who were victims to the scam. The best tool for shielding yourself against these schemes is to be aware of the fact that they exist and one should put in much caution.

The following things have been brought to the attention of higher officials in real estate:

Scam #1:

There is a purchaser from another country and he calls you to assist him buy one or more posh homes in the area. The person says he is affluent, and he is from an affluent family. Also, he projects an image that money is not a major issue. The person conveys his plan to relocate to the vicinity because he is a surgeon at a hospital in the area. The purchaser in fact makes a visit to the area, arranges for a meeting with you, and claims that he is residing in a nearby luxury hotel. At some juncture, the purchaser heads for the home and the buyer’s relative is desperate requiring your financial help just until the buyer could be reached.

What one can do?

Be cautious that many scams include some person who appears to be desperate to purchase the property. Although you would desire to rescue the person, rely on your instincts and use some common sense. If you are emotionally thinking about the situation, one has to put forth the question, what would the broker do? Then go to the broker or a reliable associate for suggestion. They should put the situation into the proper perspective. If one suspects that buyer and his family are scammers, endeavor to document as much information as possible and report the scenario to higher authorities.

Scam #2:

There are property listings that are fraudulently posted on websites. During such an instance, customers were encouraged to send money to an account in exchange for real contract or keys.

What one can do?

You have to visit the Craigslist.com website time and again to assure that the listings are not being advertised against law by unauthorized individuals.

Assist in educating the customers on the Do’s and Don’ts if transaction over the net.

        • You have to set up a Google Alert on the addresses of the listings to watch out for the internet postings related to the properties.
        • If you find any fraudulent postings, post a complaint.
        • Coordinating with ongoing efforts by the FBI, report the fraudulent postings to the necessary websites and ask them to remove it immediately.
        • In case you find fraudulent postings on Craigslist.com, forward the property link from that site to Real comp. They will ensure that the listings are removed.

Scam #3:

A wealthy purchaser, from abroad, approaches you regarding acquiring a luxury home. The purchaser may even meet with you or a local buyer’s agent before going home. The buyer implies that he will make cash payment and they request quick closing of the deal. The purchaser may furnish copies of foreign bank statements that reveal sufficient funds for the purchase of the property. However, a proper wire transfer never occurs. But, as a matter of fact, the buyer requests to retain the keys before the closing of the deal.

What one can do?

Take the necessary steps to assure that the person is legal, follow the normal methods established by the broker, do not make exceptions to the process.

Scam #4:

The scammers make an arrangement to observe the listed properties. During the showings, they will test opening and closing windows and doors, and in fact leaving one among the entries unlocked. Then, they return to the property to rob you off the appliances.

What one can do?

Make sure that all the windows and doors are locked before you leave a showing even if it looks like a buyer has already done that. Also, have in mind that MLS subscribers should never reveal lockbox codes to any other person than MLS subscribers.

Zack Childress, real estate investor and multifaceted real estate kingpin has staged a number of seminars regarding the existing real estate scenario. One could listen to his seminars to be aware of the real estate scams.

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Zack Childress Reviews – Choosing Between Renting or Owning and Advantages of Renting a House

Zack Childress Reviews - Choosing Between Renting or Owning and Advantages of Renting a House

You might be new to the world of real estate, and you might be looking for a new residence. There is a lingering question about whether you have to buy or rent. Let us go for a brief discussion on renting or owning a property to get a clear picture.

Aspects that need to be considered

There are many aspects to take into account before deciding if it is conducive to own or rent a property. The decision will influence an individual’s lifestyle also. One has to consider different aspects – the location that one is in, the financial stand, and the market trends in the vicinity. One has to have a clear idea regarding what the future holds.

Making a decision regarding owning or renting is unique to a person’s circumstances. The US realty market is large and very diverse. A certain aspect may make sense in one area, but not the other. So, how does one arrive at a decision regarding owning or renting? Generally, from the standpoint of realty, it is advisable to retain at least one property and source of income, even if one is renting out somewhere else.

The Plus Points in renting

    • The Flexibility:

The first advantage in renting is the flexibility. This is more important if you are the kind of person who moves around frequently. It might be that you are relocating for a job, or you want to have experience living in different cities. Moving around is much easier, consumes less time, and is less costly when one is purchasing a home. But, it is cumbersome if one owns a house, disposing of it is also much more difficult.

One might be pushed to selling the house for a lower price when it comes to quick sales. Other features of flexibility include different investing options, the added time you gain from not having to manage different kinds of properties. Consider the option when you raise a question as to whether it is better to rent or own.

    • Is renting really cheaper?

Particularly, if prices of homes are affordable, it is affordable to rent than purchase. With prices of the home having a steep hike, it is not a surprise that many people opt to rent. In the shorter run, this might make some sense, but when home prices rise, rents will also rise. When it is cheaper to rent now, in the longer run, it is advisable to purchase a house.

    • There is less hindrance

As a resident, you do not need to worry about problems like repairs, maintenance, and renovation. That is the responsibility of the landlord. It also implies that you should not incur additional monthly expenses to the rent. Resultantly, there is some kind of financial predictability when it comes to renting. Adding up to the mortgage and rent payments, one might have to pay for repairs, maintenance, and renovation. It is a big headache that the tenant never has to deal with.

    • Less risk:

When making the decision regarding owning or renting, it is very important to make out the risk factor. And renting a property is less risky than owning a property. Particularly, when one is renting a property, he or she should steer clear of fluctuations of realty market and the financial fluctuations. It means that there is no possibility of loss. Steep fall in home values will not prove a hindrance if you do not retain the property.

So, finally, is it better to be the owner of a house or a renter? There is no particular answer to this question. It entirely depends on your standpoint as an investor. You have to evaluate and weigh the pros and cons. The advice at the end of the article is that one should buy at least one property as a realty investor. This is what the entire business is all about.

Zack Childress is a real estate professional helping aspiring realtors to be successful with his teachings like real estate principles, markets, and finance. His seminars and boot camps are a blessing to people who wanted to stamp their mark in the industry. To learn more about the intricate concepts of real estate, do follow him on social media and stay connected to this real estate connoisseur.

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Zack Childress Steer Clear of Foreclosure Rescue Scams

Zack Childress Steer Clear of Foreclosure Rescue Scams

 

There is a widespread scam in the real estate scenario, and these scams result in the homeowner losing a lot of money.  Sometimes, the owners are put to difficulty and they lose their homes resultantly out of the scams.  Scammers make false claims which they cannot maintain. The scam artist says that he or she can retain your home or cut off the mortgage payments.

The way by which a foreclosure scam works:

Newspapers, web, government offices are just some means through which the scammer gets to know about a distraught homeowner. Then they will proceed with their scam through various methods. They may even turn up personally. The scammer promises that the homeowner can easily retain the home, maintain the credit rating or get immediate money.

The scammer will brainwash the homeowner in such a way that the homeowner loses contact with the legal financial solutions. The scammer usually prefers making an instantaneous profit by means which the lender never gets to see. In some cases, the scammer will even go to the extent of taking up ownership of the property. How? He does this by cheating the homeowner. So the key is that the homeowner should be very careful.

When it is already late, the scammer assumes ownership of the property.  Else the owner loses the home as foreclosure is taken up.

Legitimate companies will spare enough time with the property owner. They involve themselves in the documentation process            by gathering it from the homeowner. They will keep you well-equipped about the process so that you don’t have any problem whatsoever. Writing is the mode of dealing the agreement. When you desire to seek the assistance of a legal expert , lawyer etc. the representatives will not stop you from doing so. Also, upfront promises are not made by these companies.

Here are some tips when you are finding it difficult to pay your mortgage

  • Be cautious of individuals who ask for payment of fess for mortgage modification services. In majority of cases, claiming fees beforehand for a modification is not within the law.
  • Only the mortgage company could scrutinize and give a loan modification.
  • The address that is available in the mortgage statement will be different from the address the scammers ask for payment. Be careful with such things.
  • Don’t fall for a person who tells that he will assist you with your application process. Don’t make any sort of payment for this type of scam.
  • Don’t pay money to someone blindly through wire transfer for the purpose of upfront payment.
  • Be cautious of those people who suggest that you suspend your mortgage payments or sever ties with the mortgage company.
  • Don’t fall under the trap of someone who tells you that he will deal with the deed of the property.
  • A HUD-approved housing counseling agency will assist you in the process.

Zack Childress has profound knowledge of real estate. He wears many hats and gives training on the real estate scenario.

 

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