Real Reasons Why We Buy A Home!

Real Reasons Why We Buy A Home!

What's better than starting a family, being safe & secure, and having total control/freedom? We would love to help you achieve these goals by assisting in the buying/selling of a home! Call/text 262-893-5555 or e-mail lisabear@remax.net or visit wihomes4sale.com! Hope to hear from you soon!

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Tired of wasting money on rent? Let’s get the parties started at YOUR place! Amber’s got you covered! TEXT or call me at 920.988.0048 or message me
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Buying a home this Fall? Read This!

Amber Castonguay

Direct: 920.988.0048

Text: 920.988.0048

Fax: 866.211.2826

www.AmbersHomeFinder.com

http://ambercastonguay.blogspot.com/

RE/MAX Realty Center

357 W Wisconsin Ave

Oconomowoc, WI 53066

Office: 262-567-2455

Connect With Me

     

How much is your home worth?

How to Make Offers That (Nearly) Guarantee You Can’t Lose

Wish you could make real estate offers that guaranteed you couldn’t lose?

One of the big challenges for real estate investors today is making good offers. There are lots of potential opportunities out there, but you don’t want to be making offers you’ll regret. You don’t want to miss good deals. You don’t want to overpay and lose money either. So how do you make winning offers?

I recently published a case study on my first experience buying investment property sight-unseen. It worked out for my partner and me. It wasn’t our plan, but it worked out because we made the right type of offer.

Know Your Market

The most important factor in making great offers is really knowing your market. That means knowing property values, knowing the rents, and knowing the costs to rehab a property in that specific area. This can help ensure you don’t offer too much. It can also make sure you don’t miss a good deal by offering too little. If you know the area better than the competition, you can sometimes offer more and land the winning bid. This may be because you know how much you can really rent it for, you may recognize if local trends are lifting up the neighborhood, and you might have a strong local contractor team that can get the job done for less than another investor.

Related: How (and Why) I Offer on Properties BEFORE I Ever Step Foot in the House

One mistake that many new investors make is just firing off a lot of low-ball offers. They often do this just based on the asking price — or sometimes based on really unreliable online comp tools. That’s crazy. If a property is overpriced by $150,000 and you offer $100,000 less than asking price, you still aren’t getting a good deal. If your comp tools are poor, then you might also be losing out on a great deal that was already underpriced. Many also overlook the fact that they are burning a lot of connections by sending offers that just insult agents and sellers. You tie up their time and are not taken seriously. Then when there is a deal you really want, they might not even look at it.

Low But Educated Offers

We always make educated offers based on the numbers. That still often looks like a low-ball offer on paper, but it is an educated offer. We can back up our offers with the math. We can even accompany our offers with reasonable justification for why it is the best deal for the seller and their agent. This is completely different than just blanketing the market with blind low-ball offers.

Related: 8 Tips to Put Your Real Estate Offer in the Best Light — And Get it Accepted

Generally, we’ll come up with our number based on the worst case scenario. That “guarantees” we can’t lose. If we don’t encounter the worst case, then we make even more money than planned. That’s usually what happens. For example, if we are buying an auction property and can’t get it inspected, then we’ll assume it is a complete gut rehab job. We’ll price that into our offer. If we can get in, we’ll run the numbers thoroughly and do a detailed scope of work. Sometimes there will be things you can’t inspect for some reason. You may see signs of a leak but can’t rip open the drywall to check out if it is old or fresh, or you may be unable to access one unit in a triplex. Or there could be a situation with an existing occupant or tenant who is being evicted. Always price for the worst case scenario.

Protect Your Interests

Contract contingencies are another way to protect yourself, too. Depending on how the property is being sold and what market you are in, you might not be able to get in all of the contingencies you want, but they can still be great negotiating points. This may include the number of days you have to inspect, title reports, appraisal reports, and even financing contingencies. Find out what is typical in your area and draft your offer in way that makes it likely to be accepted, but still protects your interests.

Amber Castonguay

Direct: 920.988.0048

Text: 920.988.0048

Fax: 866.211.2826

www.AmbersHomeFinder.com

http://ambercastonguay.blogspot.com/

RE/MAX Realty Center

357 W Wisconsin Ave

Oconomowoc, WI 53066

Office: 262-567-2455

Connect With Me

     

How much is your home worth?

Search all homes and request a FREE No obligation Market Analysis today!

 www.AmbersHomeFinder.com 920.988.0048

Search all homes and request a FREE No obligation Market Analysis today!

Amber Castonguay

Direct: 920-988-0048

Text: 920-988-0048

Fax: 866-211-2826

www.AmbersHomeFinder.com

http://ambercastonguay.blogspot.com/

RE/MAX Realty Center

357 W Wisconsin Ave

Oconomowoc, WI 53066

Office: 262-567-2455

Connect With Me

      

How much is your home worth?

ATTENTION Home Buyers! Here is an opportunity for FREE Home Buyer information.

ATTENTION Home Buyers! Here is an opportunity for FREE Home Buyer information. Join us Wednesday, March 23rd 1pm-2pm, please register. There are a lot of changes in the Real Estate industry, keeping our customers/clients informed is just one of our services! 
https://docs.google.com/forms/d/1R-0I-9Jtix-IAVxYs6jTSO-WyQ-2Cj3v1-sPM68lMgk/viewform

 

Amber Castonguay

Direct: 920-988-0048

Text: 920-988-0048

Fax: 866-211-2826

www.AmbersHomeFinder.com

www.AmberCastonguay.com

http://ambercastonguay.blogspot.com/

getmobile.remax.com/ambercastonguay

RE/MAX Realty Center

357 W Wisconsin Ave

Oconomowoc, WI 53066

Office: 262-567-2455

Connect With Me

Home Buying Webinar: Steps to buying a new home

ATTENTION Home Buyers! Here is an opportunity for FREE Home Buyer information. Join us Wednesday, March 23rd 1pm-2pm, please register. There are alot of changes in the Real Estate industry, keeping our customers/clients informed is just one of our services! 
https://docs.google.com/forms/d/1R-0I-9Jtix-IAVxYs6jTSO-WyQ-2Cj3v1-sPM68lMgk/viewform

 

Amber Castonguay

Direct: 920-988-0048

Text: 920-988-0048

Fax: 866-211-2826

www.AmbersHomeFinder.com

www.AmberCastonguay.com

http://ambercastonguay.blogspot.com/

getmobile.remax.com/ambercastonguay

RE/MAX Realty Center

357 W Wisconsin Ave

Oconomowoc, WI 53066

Office: 262-567-2455

Connect With Me

Looking for your next property?

When your looking for the perfect home, start here - www.AmbersHomeFinder.com search all properties, all prices and locations! Let a professional help with your next move!
http://www.ambershomefinder.com/listings-search/

Sign up for the next home Buyer seminar

Sign up for the next home Buyer seminar www.jcedc.net register and login to search all homes www.AmbersHomeFinder.com #homebuyer #realestate #housing

JEFFERSON -- Jefferson County Economic Development Consortium will be offering a seminar to assist local residents to understand and master the home-buying process and possibly locate down payment assistance funding to help with the purchase. This assistance to purchase a home for qualified buyers in Jefferson/Dodge counties can be up to $11,000 in forgivable loans. This course will teach potential home buyers how to become successful homeowners and is open to anyone who is considering buying a home. The class is scheduled for March 9 at the UW Extension/Workforce Development Building, 864 Collins Road, Jefferson, from 5:30-9:30 p.m. This program will assess participants' readiness to buy a home, assist them with money management and credit issues, give them options for financing a home and what grant options may be available to them, help them select a home, and most, importantly, provide them with critical knowledge for maintaining their new home. The course is tailored to meet the participant's needs, no matter what phase of home buying process they are in. RoxAnne Witte of Jefferson County Economic Development Consortium has been certified through the NeighborWorks America's in the following programs, Pre-Purchase Homeownership Education, Homeownership Counseling, Post Purchase Homeownership Education, and Financial Capability, which meet the requirements of the National Industry Standards for Homeowner Education and Counseling. "Our goal is to help local families to buy homes and be successful homeowners," said Witte. "The complexity of the home buying process should not be a barrier to families. Our home buyer education program is the first step and maybe the most important step, which a family can take to achieve the dream of home ownership." Jefferson County Economic Development Consortium's home buyer education program is designed to be results oriented. Participants will gain a thorough knowledge of the home buying process while at the same time finding local resources to help them achieve their goal. Go online at www.jcedc.net to register for the next seminar. For more information on this program please contact Witte at 920-674-8711 or email info@jcedc.net.

Amber Castonguay Direct: 920-988-0048 Text: 920-988-0048 Fax: 866-211-2826 www.AmbersHomeFinder.com

www.AmberCastonguay.com http://ambercastonguay.blogspot.com/

getmobile.remax.com/ambercastonguay

RE/MAX Realty Center
357 W Wisconsin Ave
Oconomowoc, WI 53066
Office: 262-567-2455