REI Club Real Estate Winnipeg-Manitoba mentoring, mastermind, support and networking meeting is a platform where Canadian Real Estate investors can mingle and network. REI Club Real Estate Winnipeg-Manitoba, investors, REI club, real estate provide education, mentoring, coaching advance training for Real estate investments.
Real Estate Mentor is a word which was founded several decades ago in Greek Mythology. Whether it was used then, the significance still remains the same till today.
A Real Estate mentor is a wise influential person or supporter who provides you with helpful information and guides you through a path towards success. Real Estate Mentors are also interested in formulating an understanding environment in which the people being mentored are encouraged to discuss their needs and circumstances willingly with confidence.Continue reading
Power of sale notice period Ontario, all the notices of power of sale are regulated under the Ontario Mortgage Act. The lender (banks) does not necessarily have to go to the court to do a power of sale. Before a notice to proceed is sent out, the lender will be following steps to take action.
Wholesale Real Estate Canada,A Great Strategy for Real Estate Rookies.If you are a real estate newbie investor, say hello to your new favorite strategy! We’ll refer to it as wholesaling, but you may also hear people refer to it as quick-turning, assigning the contract, or flipping. Why will it be your favorite strategy? Easy. Because you need.
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Let the Government pay your Down Payment
Everything you need to know
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Mortgages are not that simple.They can be lot more complicated depending upon the lenders,the borrowers and the terms.Even though mortgage industry is heavily regulated and guarded to protect the Real Estate Investors and property owners.There are several key components to each mortgage. Most of Real Estate investors have very little knowledge about it. Majority of Real estate investors assume and presume, that is where they fall into cracks and suffer huge losses.
Cover Letter for Real Estate Offer
Professional Real Estate Investors always submit a cover letter for real estate offer. If you are unfamiliar with this strategy, since this step is not standard practice known to lot of Real Estate Professionals. The cover letter for real estate offer set the stage well for negotiation and helped get the deal done on mutually beneficial terms where it may educate the seller for all other benefits which are built in the offer.
Super eight magical powers of a cover letter for real estate offer can strengthen and reinforce your offer, says, Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada, It is like a laser guided missile hitting right on its target and getting the job done.
A cover letter for real estate offer is a brief letter describing in plain English your liking, comparable and benefits for both parties. There are main eight reasons to use a cover letter, but the simple fact is that including a cover letter with your offer multiplies your chance of having that offer accepted.
There are multiple purposes for submitting a cover letter with each offer, but here are super eight magical powers of this tool.
Attaching a cover letter is not standard, so it will immediately make your offer stand out. In a hot market especially, it doesn’t hurt to be professional and unique (in a good way). They know that you have done your homework.
Adding up few personal likings towards the property, the property sellers needs and asking the property sellers for all the benefits own the property can do magic, all the time. The cover letter will help establish a positive rapport with the property seller and set the tone for more harmonious negotiation.
The legal terminology can be hard to understand. Cover letter provides the comfort of simple language. A confused mind says no, so a cover letter which explains the terms of your offer in simple language can be a powerful tool.
You can use your letter to let the vendor know what terms are important to you. If you need a certain closing date, seller financing, or multiple showings before closing, use your cover letter to make this known.
Perhaps the greatest benefit of the cover letter are that you can tell the vendor why your offer is the best one. Whether you are giving them the closing date, price, or other terms they want, be sure to emphasize how your offer meets their needs and create a win-win deal for each party.
Whether you want to mention comparables, point out some “scary” flaws in the property, or flatter the seller, you can use the cover letter to justify the price you are offering. If you are offering great terms and a slightly lower price, simply explaining this may have the vendor take your offer more seriously.
If you are interested in seller financing, you may wish to offer that option to the property seller including Capital deferral option. The cover letter is a perfect place to offer this opportunity.
As an investor you may be flexible on certain things such as the closing date which could be a point of contention with other buyers. If you can get the vendor let you know what is important to them, then you can use your creativity to create a win-win solution and get the deal done. Request open communication in your cover letter and try to use any info you receive to address the vendor’s needs throughout the negotiation process.
Use the cover letter every time, every one in the process will be impressed with the results. You can even include cover letters with your counteroffers to aid in the negotiation process. Even if you decided not to proceed with transaction, you know your professionalism that you delivered above and beyond. Professional Real Estate investors who have proper apprenticeship and mentoring can write a professional letter, but cover letter could make all the difference.
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