ATTENTION All Property Buyers...

Every property investor experiences fear, anxiety, worry, when buying an investment property for the rental market. 

At U1st Realty, buying an investment property doesn’t have to be scary, hard, or make you anxious. After buying an investment property yourself, you will realize how easy it is to actually do - once you do your preliminary Investment Due Diligence.

First Property? When Buying An Investment Property So many of our clients and potential clients that contact us tell us NOTHING! They are scared to give me the correct information that we need to professionally help them with their property investment decisions. Why - Initially Lack of TRUST - You do not Know us; that is why we like to meet our potential clients for "coffee at a safe neutral venue" to see if we will be suitable fit for each other as potential business partners.

Buying a property, any property, is the easiest part of the process. Any person can go to any city, call up any agent, and say they want to buy this particular property for $500,000. They put the intial deposit down, they get the financing, and then put that property in their portfolio — that’s it! Easy Peasy - But wait there's more....

If you don’t buy that first property right, however, you can start losing big money - FAST! 

You FIRST need to STRUCTURE your PROPERTY INVESTMENT BUSINESS correctly for your situation. Friends, first and foremost - Investing in Property IS A BUSINESS; and you need to treat it as a business that trades in property. I find that many people spend more time researching the type of toothpaste they buy - worth a few dollars, than they do over establishing a property investing business that is worth Millions!

Getting your team of professional together to help you find the right property/ies to buy, find a good property manager, and find contractors. The hardest part is cestablishing the business and creating the business system, so it runs itself, so you don’t have to work so hard on the everyday running of the business, but rather on the strategic oversight management of your business.  

Buying the first property is difficult (and I went through the same thing) as EMOTION gets in the way of your investment decision-making. It is hard to think analytically, when first starting on this journey - but it is critical to your success!

Once you have created a system, and used it over and over again, it is really just like buying something from the grocery store and putting it to use. This is true when you have an area of the country where you invest and you already have three, four, or fifteen properties, and when you have a property manager in place.  

It is so much easier to buy another property, because you have the business system in place.

Sales Commission Fee is The Worst Way to Select Your Selling Agent

Hiring the Wrong Selling Agent for Your Property The most common and most dangerous way for an owner to hire a licenced real estate agency is based on an estimated sales price and the agent’s sales commission fee. This rarely works out well. 

Owners basing their decision on these two factors alone are more likely to fall victim to an inflated price estimate. The agent gives little thought to achieving the best price or avoiding a poor digital footprint, and instead works, over a period of time, to educate the seller into reducing their price.

Hiring an agent based on their marketing and negotiation skills will always prove a sound investment. Good negotiation can mean a difference of tens of thousands of dollars. With the wrong agent, any fee is too expensive. 

Example: An agent received a written offer from a buyer on an actual Contract of Sale. He then takes the contract and drops it at the owner’s front door with a note informing them to sign within half an hour and return it to his office. No effort, no skill, no seller assistance, and no sale. Was this agent worth their fee? No way!

Example: A property is listed for sale at $319,500, an offer is made by a prospective buyer a CASH unconditional offer at $260,000. The desparate seller accepted the offer on the recommendation of their agent. The buyer was interviewed later and asked why they didn’t pay more than the original offer, the buyer simply responded, ‘Nobody asked us to’. The seller lost $59,500 because the agent couldn’t be bothered going back and asking one simple question, ‘Will you pay any more?’ Was this agent worth their fee? No way.

NB: Hiring the wrong agent could mean a substantial financial loss all because you didn't want to pay the Best Agent's Commission Fee.

A Professional Sales Proposal Has to Make Cents, Before it Make Sense!