Need To SELL Your Home During Covid 19 Pandemic?

“Is it a good time or even possible to SELL my HOME during the Covid-19 pandemic?”

We are all going through some very interesting & tough times right now. Many of our clients feel that they cannot sell their homes at this moment. I’ll be honest, I felt the same way when this pandemic began. But what we found was that it can still be done. We have adapted & continue to help our clients safely buy & sell their homes right now. Here’s how.

This inventory shortage, which spread widely throughout our local housing market going into today’s economic slowdown, created an environment where there were not enough homes for sale for those who wanted to buy them.

With the current quarantine recommendations in place, fewer sellers are listing homes, which will limit buyer choices.

So, with buyer choices already limited going into this season, and more sellers removing listings today, if you’ve been thinking about listing your house, it’s a great time to do so. Many others in your neighborhood may be waiting to make a move or removing their listings, so staying on the market – or jumping into it – could work to your advantage.

Buyers today are serious ones, and with prices holding steady in this low-inventory market, you can feel confident about selling today. Embracing the process virtually, where available, could help your house hit the top of an eager buyer’s list. While your neighbors miss out on this opportunistic time, you don’t have to.

Bottom Line

If buyer choices are limited in your neighborhood, selling now may help your listing rise to the top of the pool. Reach out to Ricardo the Realtor today to make sure you have the expert help you need to succeed in the selling process.

“For all of your Real Estate needs & more…
Call Ricardo the Realtor”
562-533-4003

 

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Long Beach Homes & Real Estate -Ricardo the Realtor SELLS Homes! 5 Star Review

“For all of your Real Estate needs & more…

Call Ricardo the Realtor.”

Long Beach Homes & Real Estate -Ricardo the Realtor SELLS Homes!

When I was looking for a real estate agent, efficiency was key. I wanted to work with someone who would work around my schedule (no easy feat), who was quick, to the point, with no time for BS. After speaking to a few other agents, I came across Ricardo The Realtor. Ricardo quickly exceeded my expectations.

My schedule was such that the only time I could look for properties was late after work, at some unholy hour. In spite of that, Ricardo was there for me, walking me through houses, chipper and happy, as if he had nothing bettear late in the evenings.

With more then decade of experience, he knows his stuff and is well connected in the long beach community (and beyond) and uses those relationships to help problem solve a situation. We had a tricky time trying to navigate through the world of the FHA renovation loan to finance the purchase but after a few phone calls the mystique of the scary loan wore off and the financing worked out perfectly.

Ricardo is a smart negotiator and his advice during this negotiating phase was invaluable and after we talked, he always made me feel better about whatever decision I was about to make. He was always so down to earth, and fun as well. I’d recommend him to anyone I knew who was looking to buy or sell a home.

“Thanks RTR”

Leslie Correa – Satisfied Home Buyer

Selling your home?

We utilize proven marketing techniques to obtain you the highest & best offer for your home. Gone are the days of placing a sign in your lawn, ad in the local newspaper & inputting the info into the MLS. We use todays technology via customized online marketing, our very own mobile app to get your home the exposure it requires to get you the best price. We market your home not only locally but world wide on our site that is translated over 19 languages. We can show you how our tech savvy approach will make a world of difference when we sell your home.

Buying your home?

Driving around looking at “For Sale” signs is NOT the way to buy a home & allow us to tell you why. The “Listing Agent” already has a fiduciary duty to his client – The Seller. That agent has to get the highest price for their clients home. As your Buyer Realtor Team we look out for you, the Buyer. We are in your corner making sure your interests are 1st. Our Real Estate Agents follow a proven strategy that works. We pride ourselves in creating friendships & partnerships with our clients. This is a life long venture that we are in & client satisfaction is our only goal.Go to RicardoTheRealtor.com to search for homes in your area.

Long Beach Real Estate – Ricardo the Realtor – 5 Star Review

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Long Beach Rental Properties For Sale, Investment Homes with Positive Cashflow Real Estate

Long Beach Rental Properties For Sale

Buying Rental Property: A Step by Step Guide!

For all of your Real Estate needs and more, Call Ricardo the Realtor.com
562-533-4003

It may be common knowledge that buying rental property can be one of the most secure and fastest ways to build serious wealth – but the “how to” knowledge is not so common. The steps to buying rental property, however, are not that drastically different from buying your own home, with a few important differences. This article is going to explain step by step how to buy a rental property and begin your entrance into real estate investing.

Step One: Do Your Homework Before Buying Rental Property

Please – please don’t skip this step. As soon as you’ve made your decision that you want to buy rental property, it can be easy to start shopping for homes and picking out the paint colors. However, your first step begins long before ever stepping foot into a house.

Doing your homework ahead of time means researching:

What kind of investment property you want to buy
How much you can afford to pay
What kind of neighborhood you want to invest in
What the average rent is in your area
What kind of return on investment you hope to make.
Doing your homework can be difficult for one major reason: You don’t always know what questions to ask. Because of this, BiggerPockets recently created the free “Ultimate Beginner’s Guide to Real Estate Investing” which will help any new investor learn how to get started. This guide will help teach you the necessary questions to ask.

Step Two: Make a Plan and Develop Criteria

Once you’ve done your initial homework, you can begin making a plan and setting your criteria. I highly recommend you write down your plan and goals, and refer back to them often. If you are looking to buy a single family home for between $150,000 and $200,000 – it’s easy to get distracted by the home with the beautiful garden for $250,000. By stating your plan and your criteria, you can hold yourself accountable to your goals.

Step Three: Arrange Financing

One of the most common mistakes made by homebuyers is to start searching before arranging financing. However, this error has caused untold heartache when buyers find they can’t afford the dream home they’ve found. This same principle applies to buying rental properties. Before shopping for your new rental property, be sure to talk with a bank about how much you can afford to buy. There are numerous different paths to real estate financing so be sure to weigh all your financing options before making your choices.

Step Four: Begin Shopping For a Rental Property

Now comes the exciting part! There are a lot of great ways that you can get find rental property. Begin by looking online at your local MLS to see what’s available. Go to:

www.RicardoTheRealtor.com

Each of these sites search generally the same MLS listings, which all real estate agents have access to. However, these sites do not contain all the information needed (and sometimes do not even contain all the listings, either.) For this reason, it’s important to get in touch with a local real estate agent that you can trust to get you more information. An agent is generally only paid, by the seller, when you purchase the home – so for a home buyer, using an agent is typically free.

It’s often helpful to find an agent who specializes in working with investors, as they are more keenly aware of what makes a good rental property. Also – be sure to share your criteria (See step two above) for your rental property, and allow your agent to help you find the best properties that meet your qualifications.

Step Five: Make Your Offer

When you find a rental property you want to pursue, and have walked through it, your next step is to make your offer. To do this, your real estate agent will fill out the paperwork based on your requests and submit your offer to the selling agent. The selling agent will bring your offer to the seller, and negotiations will begin. For a great article on negotiations, check out How to Negotiate: 7 Real Estate Negotiation Tips.

Be sure to only spend the amount that makes the most sense to you. Determine how much cashflow you need to make and don’t let emotion override the numbers. Be willing to walk away and you’ll always hold the upper hand in the negotiations. If you can’t agree to a number that works for you – it’s not worth buying. Remember:

It’s better to have no deal than a bad deal. (Tweet This Quote!)

Also remember, price is not the only consideration. Depending on the popularity of the property and the strength of the deal, there are many other issues to include in your offer, including:

Closing date
Inspection contingency
Financing contingency
Seller financial concessions
and more
These items are all important to discuss and decide if you will include in your offer. Be sure to talk with your real estate agent about all the necessary parts of the offer. Once you have a signed agreement with the seller and have agreed upon all terms, you now have what is known as “Mutual Acceptance.”

Step Six: Due Diligence

You’ve finally agreed on a price and you have a closing date set. Now, it’s time to begin your “due diligence.” During this period (according to the dates specified in your offer) you will hire an inspector to perform an condition inspection on the property, looking for any defects that may cost you money in the future. If something is found, you can always go back and re-negotiate with the bank (as long as it is within your “inspection contingency” timeline, as specified in your offer.)

If you are buying in a “hot market” it may not be wise to nickel-and-dime the seller, or they may refuse to perform the steps and walk from the deal, giving it to someone else. On the other hand, it’s important that you don’t get stuck with a property that has major problems – so be sure to weigh the decisions carefully and keep your goals in mind at all times.

During this time between “mutual acceptance” and closing – you will also finalize the financial arrangements with your bank or other lender. This is also the time when the Title Company or Attorney, depending on your local customs, will take over facilitating the transaction. When the day of closing comes, you will sign documents and will be given keys to your new rental property.

Step Seven: Start Landlording

Finally, the deal has closed and you are now a landlord! If the property is vacant, you will need to learn how to rent your house (be sure check out How to Rent Your House: The Definitive Step by Step Guide” here on BiggerPockets. You will also need to brush up on your landlording skills, so be sure to check out “How to Be a Landlord: Top Ten Tips for Success” and ask questions, for free, anytime on the BiggerPockets forums. Also – don’t forget to check out the BiggerPockets Ultimate Guide to Tenant Screening to ensure you only rent to the best tenants!

Do you have any tips for buying a rental property? Or do you have any questions? Leave your comments below to discuss!

Long Beach Real Estate 562-533-4003

RicardoTheRealtor.com 562.533.4003
Our Real Estate Team always outperforms an individual.

Your Long Beach Luxury Real Estate Team

This is great news for Long Beach Home owners and their children. The Long Beach teachers and schools deserve this recognition for all of their hard work. If you would like to know more about the Long Beach communities and what schools pertain to them let us know and we can provide you with that information.

Lifestyles of Long Beach is happy to work with you on selling and/or buying your next home. Contact us so that we can make the difficulties of your next transaction easy.

Some of the Long Beach Homes/Communities include: Alamitos Beach, Alamitos Heights, Belmont Heights, Belmont Park, Belmont Shore, Bixby Knolls, Bluff Park, Bluff Heights, California Heights, Carroll Park, Downtown Long Beach, Del Lago, Naples Island, The Peninsula, Spinnaker Bay, Los Cerritos, Virginia Country Club, Bixby Hill, University Park Estate, Park Estates, College Park, Wrigley. Other areas: Lakewood, Signal Hill, Los Alamitos, Rossmoor and Seal Beach.

For all of your Real Estate needs and more… Call Ricardo The Realtor