Buyers
First Time Home Buyers – The first question you have to ask yourself before purchasing real estate is “HOW MUCH DO I WANT TO SPEND ON HOUSING”? Most lenders will pre-approve you based on your income but they tend to overlook the client’s lifestyle. Of course people can qualify for that $500,000 home but that means that they can no longer travel, eat at restaurants, enjoy costly hobbies, etc. Therefore it is very important to determine a budget and work backwards. Taking this approach will lead to less arguments regarding finances with your significant other, allow you to live the life you want to live, prevent bankruptcy and foreclosures, and just overall happiness. There are more important things in life than having a mansion!
As your Buyer’s agent we will arrange a meeting with a mortgage broker to determine a reasonable pre-approval amount that you are comfortable with. Secondly we will find appropriate properties using the multiple listing service and e-mail you potential properties. If you are interested in any of the properties we will coordinate the appointments, and accompany you to these scheduled showings. At that point we will advise you on what price to submit offers in order to realistically make the deal work. We will walk you through the contingency list such as: seller’s disclosure, condo documents, inspections, surveys, and termite inspections. Our company wants to insure that your investment is a safe one and that there are no potential “red flags”.
FMOH (Found My Own Home) – We realize that many buyers today are very sophisticated and find their own properties to purchase online or by visiting open houses. Therefore if you find your own property and would like us to represent you as the “Buyer” we will credit you back up to 2% of the sales price. However due to legalities we cannot gift you the cash, but we can legally credit your escrow account and use those funds to pay for your closing costs. Typically closing costs run around 3% of the sales price and is used for escrow fees and buying your interest rate down.
This is a program that can be very beneficial to most buyers; however we have some conditions for you to qualify for this deal. Our mission is to promote fair real estate practices and we strive to have a good relationship with other companies and agents. Therefore if you are already working with a Realtor you will not qualify for this buyer incentive. At Ivy K Realty we do not believe in stealing clients from other agents!
Investors – Some of our agents specialize in investment properties and deal specifically with investors. Our scope of service ranges from small studios to commercial strip malls and everything in between. Our mission is to help you diversity your real estate portfolio in order to minimize your risks and maximize your returns. Since we are not financial planners we cannot guarantee exact rate of returns nor are we licensed to sell or deal with securities. However we are qualified to determine which properties match your risk levels, and to properly manage your real estate investments.
At Ivy K Realty we will analyze your investment portfolio to make sure you are maximizing your returns. Sometimes it makes sense to sell a unit through the 1031 exchange program and turn one investment into two. Sometimes it makes sense to consolidate all of your properties into one investment.
We will always give you our honest opinion as to how you should invest your hard earned dollars in real estate. One way to build wealth is to make your money work for you. Unlike stocks and mutual funds, real estate is a sure way to receive dividends! Real estate is a tangible object that can be easily manipulated.
Ivy K Realty offers a property management service as an accommodation for our investors. We strive on putting in low risk tenants, coordinating maintenance or renovations, and providing detailed monthly cash flow statements. Please visit our property management section for more information.
*Please visit our calculations page to find some useful formulas!
Specials – From now until the end of the year we are offering the following promotions.
Buyer and Seller Tax Credit:
If you buy or sell your property through Ivy K Realty we will credit you 1% of the sales price back to you to pay for closing costs. This offer will be good for both selling and purchasing as well. For example if you sold a $500K property and purchased a $500K replacement, the total credit to you would be $10,000. The first time homebuyer tax credit may be over, but with the credit we are offering you don’t need it! This offer will expire 12/31/2010.