4 Real Estate Questions to Ask Buyers and Sellers | Think realty

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Real estate is a great business. But it is also one of the most highly regulated businesses you can work in. There is a very good reason for such tight regulation. There was a time when the real estate game was horribly corrupt. Unfortunately, this is why there are rules. It is designed to keep companies and industries from the worst forms of capitalism and harm to individuals and society. If the story isn’t for you and you haven’t lived through the bad old days, just take my word for it. The abuse was disgusting.

This is important because if you don’t have the context for these rules, the real estate business is confusing to the point of being confusing. Why do we need special licensed agents to sell something? You do not need a license to sell a car. Let’s talk about a business that is open to abuse! No license is required to sell computers. Given the nature of sensitive information stored on computers, a license might make sense. So what is it about real estate that requires such special attention? As a buyer or seller, you might want to know about this. Here are a few more:

  1. Is wholesale real estate legal?

Is wholesale real estate legal? Yes. Selling real estate in bulk is absolutely legal. As with everything, the devil is in the details. These laws are adopted and enforced by the state. Therefore, you need to check your local laws to find out what restrictions exist. Ignorance of the law is not an excuse. And you probably won’t notice the indulgence if you find yourself on the wrong side of the line.

Selling real estate is a bit like buying a home. In most cases, this does not require a license. But you need to know what you can and cannot do without a license. One of the easiest ways to do this is to enter into a contract. This is different from selling a property. You can get a real estate contract assigned to you at one price and transfer it to another person for the purpose of making a profit. You cannot advertise and sell real estate. This can only be done by the property owner or real estate agent. Teach the right way to find potential buyers… It is a technical feature that makes wholesales possible, popular and profitable.

  1. Is it worth investing in commercial real estate?

Investments in commercial real estate Estate has its own unique set of risks and rewards. This is not the best option if you are doing low risk trades with fast turnover and modest profit. If you’re willing to play the long game for big payouts, tax breaks, triple net rentals, and the like, commercial real estate can be your gold mine. Just remember that most gold miners don’t get rich.

  1. How long does it take to get a real estate license

Wholesale by contracting is a great way to get into the real estate game because anyone can do it with very little investment. It’s almost too easy. But this is also limited. You can go a lot further if you get a real estate license. Be prepared to spend some money, take some time, and study hard. To obtain a license in New York, you need to become an agent from 4 to 6 months. It takes 2 to 3 years of industry experience and 120 hours of coursework to become a broker.

  1. What’s the best way to buy a home?

As a buyer, you want to get a great deal from someone who doesn’t want to rip you off every penny. But you also need someone who knows what they are doing and takes on a lot of the responsibility. You can buy well from a wholesaler or a flipper. There is a certain degree of safety and comfort in dealing with traditional and large brokerage companies. Just remember that they have to pay somehow for all this marketing. It has something to do with the commissions they receive from you. Your best bet is to buy from the person you trust the most.

You will have many real estate questions worth investigating. But you will be comforted by the fact that whether you are a buyer or a seller, the rules are in place to protect you. It has never been so safe to buy or sell real estate.



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