Due to the current recessionary trend in the market, most people are now no longer able to afford large down payments that are required when investing in the real estate market. This has also lead to an abundance of properties being offered on sale by many people as they look to repay the loans that they had previously taken out therefore causing a large amount of properties being offered on sale at cheaper prices and tilting the balance of power in the buyer’s hand when buying property. But this does not mean that properties are no longer being sold at the desired prices what this actually means is that now instead of conventional methods more creative and innovative ways of selling properties have come onto the market. Some of these creative ways are listed below.
As more and more transactions are being done over the internet, there are now also a large number of websites who are dealing exclusively in the real estate market. Such sites cater to a larger audience then traditional methods such as newspapers and magazines also advertising your properties are much cheaper on the internet then in the print media and therefore you stand to save a sizeable amount when using the internet to conduct sales. Another added advantage of the internet is that it provides prospective buyers with the luxury of not having to spend their valuable time looking around for themselves and they can simply check out the properties on the internet and contact you if they are interested. This also eliminates the need for any middle man such as a realtor therefore enabling you to save their fee as well.
Every year more then a hundred and fifty thousand international students enter the United States of America to continue with their academic life. These students once they reach the states look for accommodation and if your property is in close proximity to a university or college then these students can become your potential buyers as well. Another added advantage is that many of these students are willing and able to pay more then the market price value for the house as it provides them with easier access to their universities and colleges.
Different modes of payments
Also due to the recession in the market not many people are now able to deposit large sums of money as down payments and therefore it is advisable to offer them different facilities such as a lease agreement. In a lease agreement the buyer and the seller agree on a fixed time period during which the buyer keeps on making monthly payments to the seller and using the house and if he defaults on his payments then the seller has the option of confiscating his property or imposing harsh financial penalties. These types of agreements are increasingly becoming popular as they normally provide the seller with an income and the buyer is also happy that he gets to own the house as long as he does not default on his payments
If you are a real estate investor or property owner and want to learn more about how we can help you buy investment properties and our property management program please go to our website at
Mike Lautensack is the owner of Del Val Realty & Property Management (“Del Val”). Del Val is a FULL SERVICE
http://www.delvalproperty.com/”>Residential Property Management company with over 15 years’ experience and manage over 2,500 single family homes, HOA units and multifamily properties in and around Philadelphia, PA. We advise property owners how to build wealth and financial security through hassle-free ownership of rental real estate with our NO “Hassle” FULL Service Management Program. This proven management system allows owners to enjoy the financial benefits of cash flow, tax savings, and wealth creation. All this while it GUARANTEES you will never have to deal with maintenance or tenant issues.