For every home sale, there are thousands of properties that go unsold.
And with millions of properties sold every year, real estate agents are always looking to sell them.
The good news is that real estate can be sold at a great price.
The bad news is it can also be sold for a great deal more.
That’s the lesson real estate professionals from all walks of life can learn from the latest Real Estate 101, a new book that’s written by real estate broker Nick Sadowsky and features a list of the five most common buying mistakes.
“The buyer is the seller, the seller is the buyer, the buyer is not the seller,” says Nick Sadowkys book.
“The buyer thinks he’s going to be getting a good deal and the seller thinks he is getting a bad deal.”
Read MoreWhat to know about the Real Estate Brokerage Association, which represents real estate brokersThe book has four sections.
The first is about real estate sales and sales trends, including how to make smart buying decisions.
The second section is about how to handle any legal problems when selling a home.
The third section discusses buying and selling for profit, and the fourth is a chapter on how to protect your home against burglary and theft.
The book is the culmination of more than a decade of real estate training and a six-month study.
“I got my master’s degree in real estate management and real estate from Harvard and my MBA in real-estate management from Columbia Business School,” Sadowskys says.
“So I’m pretty familiar with the real-world scenarios of how to build a business from scratch.”
The book covers all of the steps real estate companies take when selling homes and how to avoid some of the most common mistakes buyers make.
The book is divided into three chapters: The Basics of Selling a Home, The Basics for Selling a Property, and The Basics For Selling a Commercial Property.
“When you think about it, the basics are pretty simple,” Sadowks says.
“I’m going to assume you’re just going to sell a piece of real property for a fair price and you’re going to do it in a manner that you can afford to do,” he adds.
“And then you’ll be ready to go and get the job done.
You don’t need a master’s in realty.
You need to have a good understanding of how real estate is structured and how real-life situations change every day.”
To read the entire book, you can order it on Amazon.
The paperback is available on Kindle and Nook, but Sadowski says he plans to release an eBook version of the book soon.
“There’s so much more I can learn about how real property is structured, how to do real estate deals, how the real property market works, how much money is going to pay out and how the buyers and sellers are going to deal with any legal issues,” Sowers says.
Here are the top 5 buying mistakes buyers can avoid in real life:1.
Selling a property for less than the market value of the home.
This is the easiest to avoid and most common mistake buyers make when selling their home.
“When the market is selling at a discount, the price you are going for is less than what is going for the home,” Sarkskys explains.
If the seller’s asking price is too low, the realtor is probably selling the property to someone who has a good credit score, is a homeowner with a mortgage, or is looking to buy.
If that’s the case, the potential buyer should also look into the credit history of the buyer.
“A lot of times, if the buyer has a high credit score or has some sort of job or income, they might have an opportunity to negotiate lower prices with the seller to sell at a lower price,” Seddys says, “but I would always avoid that in the first place.”2.
Selling your home at a sale price.
Real estate agents don’t make the money they do by selling their properties for more than they’re worth.
“You need to think of it like this: The real estate agent is the last person you would want to have to negotiate with in real time,” Sones says.
You can’t just buy a property at a high price, so you need to be sure that you’re getting the best deal.
“If you’re selling at the low end of a range, it’s almost impossible to sell that property for the amount of money you think you’re paying,” Sawnks adds.
Sadows says if you have a large purchase, “I would always try to negotiate a lower sale price because it gives me more time to get my properties back in order before the next sales season.”
“The best way to avoid selling at prices you are not happy with is to sell your property for an affordable price and have a reasonable loan,” Sonds says.3.
Selling at a price