Real estate is the best business in the world

Real estate is the best business in the world

I will do luxury real estate logo design

I have done a lot of social work that has not been easy and I have been in the different stages of the real estate market. The most difficult time we lived was in 2007, when many were losing their properties. I specialized in the short sale, the short sale, which was what launched me to perform social work to help Venezuelans, Colombians and Cubans who were losing their properties. We do a hard job offering free advice so that they could reach an agreement with the banks and make sales without losing their credit or their property. We made more than 200 transactions and all those people recovered their credit in 2017, bought with us, and are now investing in the new stage of flips, which is about buying, remodeling and selling. Many are already great investors. I solve details that are not my responsibility, like a tile that breaks, because I think there is to go the extra mile, as we say in Colombia, even if there is no compensation. Our job is to leave a mark and help, because the client does not know, does not have contacts. I have always focused on the human part. My greatest satisfaction is seeing the person emerge victorious, having come to me in a time of crisis.

What is the short sale (short sale)?

It is a process by which the person who is losing their home reaches an arrangement with the bank. In that way, he is allowed to sell and the debt is forgiven, emerging victorious from the sale of the property and recovering his credit. After two years, you can buy again through any government program, either FHA or conventional loan. It is a great solution, because you do not have to bankrupt or get to foreclosure (foreclosure), a process that takes at least seven years to be deleted from the credit history.

Can you make a short sale among acquaintances?

The short sale is a very delicate process, it is an extended arm transaction, in which one like Realtor has to explain very well to the seller that there can be no relationship with whoever is buying the property, because the bank may think that There is a fraud. As the house is being sold below the price and they are forgiving the debt, there can be no interest involved, not even a Realtor can take advantage and buy. That is why it is important that those in this situation advise well with a professional, because it is a federal transaction.

During the 14 years that you have dedicated to real estate, what significant changes have you seen in the market in South Florida?

Right now, the most important thing and what we have to keep in mind is that the value of the properties has been maintained, even rising. The banks are lending. There are new methods of loans and incentives for first buyers: the Government is giving away closing costs. There are also banking programs for those who earn well but do not report much. So they are giving new loans so that everyone can buy and, at the same time, the houses are not being devalued, which is something very important, because although one gets into debt to buy, the property is not losing value. That gives us a lot of peace of mind and I think that real estate is at its best.

What should be taken into account at the moment when buying?

You have to take care of the credit, now there are programs in which with up to 600 points one can be chosen to buy. They also have to declare the income, because if they always declare losses, they will never be able to benefit from a good government program like the FHA, which is for first buyers and offers the benefit of the best interest rates. It is important to consult with a good real estate professional who makes sure to use a good appraisal expert, who verifies that the property is at the right price; to review the contract so as not to lose it and take care of the investment responsibly.

And what do you advise those who wish to sell?

It is very important that the Realtor who is proposing to sell the property is expert and responsible, that the property be evaluated for sale for the price it is worth. Many real estate agents, in order to deceive the client, propose to put a price above the value and the property is vacated for up to a year in the market, while the owner is wasting time and money on taxes and association expenses. You have to tell the customer the truth, reveal what the market value is and that there is a time of marketing, in which I as Realtor will invest in several websites to show the house. The idea is to sell it at the best price and as soon as possible.

What would you say is the Unlimited Real Estate approach?

We are looking with great concern to the Venezuelan community of Doral. We have to provide all our support as real estate agents, as many of the vacated properties of that city belong to Venezuelans. So, we are trying to reach those absent owners by sending them emails to let us manage their properties, rent them and do not lose them. In addition, this situation can cause common crime and bring problems in the communities, because there are people who invent rental contracts for these vacant houses.

What do you recommend to those willing to invest in real estate?

Real estate is the best business in the world, what is needed is to have the capital. Whenever a line of credit is obtained on a property, you must invest in real estate because, whatever happens, the money is safe, either because you can rent or invest in flipping (fix a house and then sell it). It is not recommended to obtain substantial lines of credit for remodeling, because only modifications to the kitchen, bathrooms and the floor contribute to raising the value of the property. Once you have a property, stay with it, and get a line of credit, but as long as it is to invest in real estate. For example, if you buy a house in foreclosure, bad or good, rent it and pay the credit line, but if you invest in a restaurant and close, you lose the money and the house. We must multiply, because stagnant money is of no use. The idea is that if you take $ 100,000, that amount produces 30 percent a year, that of those $ 100,000 you get at least $ 30,000. I think no business is going to give that to him. In real estate you never lose.