Sacramento Real Estate 101 - Mistakes First Time Home Buyers Make

Sacramento Real Estate
101 - Mistakes First Time
Home Buyers Make

©www.DavidYaffeeTV.com

Sacramento Real Estate 101 - Mistakes
First Time Home Buyers Make
First time home buyers must control their emotions before
jumping on the bandwagon of buying homes in the region.

I know a lot of first time home buyers who made mistake in
the past.

Below are mistakes you should avoid to have a perfect real
estate deal in the future.


Below are the simple things or mistakes first time home buyers
needed to be avoided in this Industry;

Avoid homes above market value –

Avoid investing expensive multiple properties most specially if
the selling price of your target home is more than the normal
market value.



You can’t go wrong by shelling out huge amount of money
specially if the property you are targeting have busted lights
and broken windows.

You have to avoid these homes to keep away from spending
money on unnecessary things.


Ask your local bank on the actual market value where your
target home is located, doing this will help you get the home
that fits your lifestyle and needs.

Don’t get afraid of investing –

In reality, buying real estate solely for short-term appreciation
is often a big gamble!



To give you an idea, If you buy real estate to hold for fifteen
years or more, the chances are that you will come out on top.

According to a realtor, If you buy a property and flip it in
within a year, you'll probably do fine, too.



But on the other hand, if you buy a rental property for full-
market price with break even or negative cash flow, you'd
better have a backup plan if the market doesn't keep going up.

Investing is a lot like surfing; if you don't know how to ride the
wave, you will drown!


Investing blind –

According to some real estate experts, Real estate Industry is
actaully one of the few investments in which risk is directly
proportional to knowledge.

True, it has a higher learning curve than investing in the stock
market, but there's no proof that having knowledge of the
stock market reduces risk.



I happened to read a comment on a real estate discussion
group on the Internet.

In response to an inquiry as to whether a particular seminar or
training program was worth the money, someone
answered, "Why waste your money on that stuff? Just use your
money as a down payment and learn as you go."


Money for deals is easy to find if you can find good deals.
But, you won't know what a good deal is without having first
invested in your education!

Seek help from your most trusted realtor before you invest
your hard earned money in this kind of Industry. Remember
that the more knowledge of investing
techniques, financing, acquisition, negotiating and, of
course, your local marketplace, the less risky your investments
will be.



No cash reserves –

Ask even your realtor in real estate long term (or any other
business, for that matter), and they will tell you the two most
important words for survival are:

cash flow.


If you want to survive real estate long term, you need cash
reserves.

Realtors believe that “Buying real estate nothing down is easy;
handling negative cash flow, repairs, and other expenses in the
meantime is the trick.

In fact, if you can handle the bad times, you will always come
out on top.”



They added that “Lack of cash reserves puts unnecessary
pressure on you to do substandard repairs, accept less than
qualified tenants, and give into tenants' demands for fear of
vacancy.

When you have a sufficient cash reserve, you act rationally.”



Looking for Sacramento Real Estate properties? Then visit us
at www.DavidYaffeeTv.com !

We offer great quality Sacramento Real Estate properties
without spending a lot! Visit us now!


Brought To You By


Sacramento Real Estate 101 - Mistakes First Time Home Buyers Make

Recommended

Recommended

More Related Content

Viewers also liked

Viewers also liked (7)

Recently uploaded

Recently uploaded (20)

Sacramento Real Estate 101 - Mistakes First Time Home Buyers Make