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Expert Tips for Navigating the Real Estate Market

Our mission is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Wednesday, November 22, 2017

This Quick Video Will Show You How to Get Your Offer Accepted: Proven Strategies That Work



“We should leave no stone unturned in the pursuit of a winning bid.'' Lord Coe

Getting the home of your dreams, either now or in the future, can be a lifelong pursuit. When a beautiful home catches your eye, many have told me they really, really want to get it, even if there are other offers. 

As an example, a client of mine decided to make an offer on a property in Sherman Oaks. The home already had two offers, so if interested, we would be competing. I made a point to call the real estate agent to ask some of the details of what he is looking for in an offer and how we could win.

Like this, there are several tricks of the trade you can use to position your offer in the best possible light.

Here are some great tips for you on how to compete against multiple offer:

1. Have a Cash offer:

2. If a financed offer, and in order to compete against cash, we can put a large earnest              money.

3. We can remove certain contingencies to clean our offer up, make it easier on the seller.

4. We can use tools like an escalation clause to sweeten the pot.

Click on the video above for all the ideas and win your 1st (or next) home offer!

Would you like other fantastic tips, resources, and ideas when buying or selling a home? I have prepared several fantastic gifts for you to take advantage of, at https://erikrbrown.com/member. Check it out today!

Thursday, November 2, 2017

Top 5 ways to save on your property taxes





''In this world, nothing is said to be certain except for death and taxes.'' - Benjamin Franklin
If you have or want to buy or sell a home, you know how critical it is to understand the taxation of property. There are several ways that you can save money on your property taxes.

1. Interest Deduction- ability to write off the interest of your home.

2. Property Tax Deduction- additional write off, put a little bit more on your pocket.

3. Exclude Capital Gains- if you are a single person you get to save up to $250,000 and  up to $500.000 if you are married. 

4. 1031 Exchange- ability to not pay any taxes or you can do a transfer to a like- kind property. 

5. Depreciate the asset- for investment properties, depreciate the value of the property.


Would you like other fantastic tips, resources, and ideas when buying or selling a home? I have prepared several fantastic gifts for you to take advantage of, at www.erikrbrown.com/member. Check it out today!


Sunday, September 10, 2017

Tips negotiators use to make or save MILLIONS




In business and in life, you don't get what you deserve, you get what you negotiate. If you have or want to buy or sell a home, you realize the importance of this. In the art of negotiation, there are several main points that will allow you to win or compromise: 

Here are the top key points: 

1. Purchase PriceIf someone is looking for a million dollars for a property and you offer them $500,000, it is unlikely that they will accept it depending on a variety of different variables. 

2. Cash VS Financing- style when you make a purchase or sell. Are you buying with cash or financing? Often times, cash is king. The reason is because there is a number of vendors that would not be involved like appraisal, financing time frames and underwriting.

3. Closing Date- as a buyer, make sure that you can close in 2-3 weeks.

4. Earnest Money Funds- a bigger amount of earnest money is 
more attractive to buyers. It shows that you are motivated or serious to buy the property.

5. Contingency- as a buyer, these are the items that will allow you to walk away from the offer if items that pop up in this contingencies are not what you are looking for.

6. Time Frame- the length of time it takes to complete a deal.

7. Number of Contingencies- If you are a buyer, it would be better not to have many contingencies. The more items that you have, the more that a seller will be unattracted to that offer.

8. Expiration of Offers- A buyer should add a cancellation time frame for the seller, it make sure that the home doesn't sit out there for months.

Negotiation is about knowing what you want, going after it, and respecting the other person in the process. Remember that the whole point of negotiating is compromise. This means that you need to look out for yourself, but also be willing to budge in order to satisfy both parties.

If you want a FREE checklist on the best methods to win as a buyer in a competitive market ( even when competing against dozens of other home buyers for the same property!) grab your free report here: www.winningbuyer.com