Winn Properties Video Real Estate Blog With Bo Winn

How do you know when it is time to sell your home? Here are six surefire signs that now is the time to make your move:

1. You feel cramped but you can’t add on. Your family might not be growing anymore, but that doesn’t mean your lifestyle fits in your current home.

2. You have too much space. Are you overwhelmed by vacant rooms and silence? Saying goodbye to a family home can be difficult, but consider whether or not it is feasible for you to stay. If yardwork or house upkeep is becoming too much to handle or utility bills are cramping your style, it might make more sense for you to move.

3. You’re over the neighborhood. Maybe you can no longer deal with the rigid HOA rules, or your neighbors turned their house into a rental for frat guys. Maybe the 40 minute commute to work wasn’t a big deal the first few years, but now it is. Neighborhood dynamics can change dramatically over time, and your life might change, too.

4. Remodeling won’t offer a return on your investment. Before making significant improvements to your home, you need to study your neighborhood. What are the highest price points in your neighborhood? If your home is already similar in style and condition to the pricier homes in the neighborhood, remodeling might be a bad idea. Consider selling instead.

5. You can afford to sell. You’ve got to spend money to make money, so seller, beware: you’re not going to be sitting around waiting for the cash to roll in from your home sale. You will have to invest some money in order to net more money from your home sale.

6. You are ready to compete. Most of us are living in a seller’s market these days. If that’s the case, you may be enticed to offload your home before the market cools off. However, don’t forget that once you sell your home, you will become a buyer in a seller’s market.

If you still aren’t sure whether now is the time to sell your home, just give me a call or send me an email. I would be happy to sit down with you and discuss everything. In the meantime, if you have any other questions, please don’t hesitate to reach out to me. I would be happy to help you!

How do you know when it is time to sell your home? Here are six surefire signs that now is the time to make your move:

1. You feel cramped but you can’t add on. Your family might not be growing anymore, but that doesn’t mean your lifestyle fits in your current home.

2. You have too much space. Are you overwhelmed by vacant rooms and silence? Saying goodbye to a family home can be difficult, but consider whether or not it is feasible for you to stay. If yardwork or house upkeep is becoming too much to handle or utility bills are cramping your style, it might make more sense for you to move.

3. You’re over the neighborhood. Maybe you can no longer deal with the rigid HOA rules, or your neighbors turned their house into a rental for frat guys. Maybe the 40 minute commute to work wasn’t a big deal the first few years, but now it is. Neighborhood dynamics can change dramatically over time, and your life might change, too.

4. Remodeling won’t offer a return on your investment. Before making significant improvements to your home, you need to study your neighborhood. What are the highest price points in your neighborhood? If your home is already similar in style and condition to the pricier homes in the neighborhood, remodeling might be a bad idea. Consider selling instead.

5. You can afford to sell. You’ve got to spend money to make money, so seller, beware: you’re not going to be sitting around waiting for the cash to roll in from your home sale. You will have to invest some money in order to net more money from your home sale.

6. You are ready to compete. Most of us are living in a seller’s market these days. If that’s the case, you may be enticed to offload your home before the market cools off. However, don’t forget that once you sell your home, you will become a buyer in a seller’s market.

If you still aren’t sure whether now is the time to sell your home, just give me a call or send me an email. I would be happy to sit down with you and discuss everything. In the meantime, if you have any other questions, please don’t hesitate to reach out to me. I would be happy to help you!

First off, let me wish all of you a happy holiday season and thank you for helping me have a successful year in 2016. I’m looking forward to an even better year in 2017.

Instead of talking about real estate, today I want to talk about something different that is near and dear to my heart. The Caring Community Foundation is an organization I am part of whose mission is to provide financial support for cancer patients in need by helping cover expenses that become difficult to manage during cancer treatment.
To date, we’ve been able to help more than 2,700 patients. This is a local organization that has been helping so many in the Triangle area, and they hope to expand further as time goes on.

We have raised a little under $2 million in total and we are looking to raise even more through your help and generosity. When cancer attacks a person, it affects their whole family. This is just one small way we are trying to give back to the community in need. If you can’t make a monetary donation, donations of time and energy are always appreciated.

If you want to make a donation to this great cause, just visit their website by clicking here.

I hope you all have a great holiday season, and I look forward to working with you in the future. If you have any questions for me, don’t hesitate to give me a call or send me an email. Until next time!

Welcome to my webinar, Investor Magic: 8 Essential Rules for Maximizing Your Real Estate Investment. 

If you’re a seasoned investor, or want to be, this webinar will give you some tools to help you meet your real estate investing goals. At the end of this webinar, there will be a free offer to get you started on your way to a real estate investing career.

So what qualifies me to present this webinar?

I have over 25 years of real estate investing experience, have closed millions of dollars in transactions, am a certified commercial investment member (CCIM), and am also a certified real estate strategist. I also have a strong background in property management and have managed and owned over 85 properties.

Without further adieu, let’s get started with Investor Magic: 8 Essential Rules for Maximizing Your Real Estate Investment. You can follow along with this outline which corresponds with the above video.

1. Know what success looks like. 0:53

• What do you want to achieve with your investment?
• How do you plan to get there?
• What is your goal?
• Have you written it down?
• Have you strategized your plan?
• Have you defined success? 

2. Know what type of investment to make. 1:29

• Rental 
• Rehabbing
• Flipping
• Buy
• Selling

3. Know what path will get you there — either active or passive. 2:42

• What type of investment are you looking for?
• Active: where you manage your own property and have a hands-on approach
• Different types of passive: one way is taking two points at the closing of a finished product on the amount invested at 12% interest with a six-month guarantee. If it closed in three months, you get the full six-month portion. That is done with a Promissory Note as a private lender. Pro Forma with renderings and the cost of materials with SKU numbers are also included. 
• Another type of passive investing path is having a property management company manage your property.
• What is the success rate and number of deals completed?

4. Know what type of property to invest in. 3:53

• What type of property? Is ROI important to you? What is your measuring stick?
• Townhome or Condo
• Single detached
• Duplex
• Triplex
• Quadraplex
• Multi-family 

5. Know the strategic location for your investment. 5:29

• Where do you want your property located?
• Depends on your investment type. 

6. Craft a wealth management team. 5:49

• CPA
• Tax attorney
• Real estate attorney
• Lenders
• Inspectors
• Insurance agent
• Pest control
• Etc.

7. Being with the end in mind. 6:35

• What is your exit strategy and for how long? Do you have an exit strategy? If not, make one!
• More than 10 years? It depends! 
• Five or 10 years? It depends!
• How about six years?
• Why?
• Law of diminishing return 

8. Take action and make an investment! 7:18

• If you want more information, go to www.bowinn.com or call (919) 614-4533
• Find out more about our Strategic Investor Partnership Program.

I hope you enjoyed this webinar, and I look forward to connecting with you soon!

What are the 10 things you absolutely must know to sell your home without leaving a penny on the table?

1. Neutralize your home. Strong statements of wallpaper and paint may appeal to a select group of people, but most will see it as additional work if they buy the home. Paint, wallpaper, and carpet are usually matched with furniture that will change, so stay with neutral colors so all buyers can see their furniture in the home.

2. Depersonalize your home. The buyer must see the house as their new home. Too many personal family items, pictures, trophies, posters, etc. will hinder this process. A few personal items are fine, but if you find yourself looking in each room at your things and not at the room, it’s time to remove some items and get the room down to the bare essentials.

3. Declutter your home. Take everything off the floor that does not have to be there. More floor space makes the home seem larger. The same goes for countertops. Clutter is worse than dirt. Too much stuff makes the house confusing, and the buyer’s mind gets cluttered. Start packing! You’re moving anyway.

4. Attack odors. People buy homes with all their senses. You may not be able to smell your pet, but believe me, others can. Strong food odors are also a turnoff. I used to buy frozen cookie dough and cut it into small pieces and put a piece or two on a cookie sheet in the oven at about 200 degrees for 30 minutes prior to a showing.

5. Have a garage sale. I’ve shown hundreds of properties, and what people are most surprised by is a nice, clean, orderly garage. It speaks to the care that you take toward the rest of the house, and with a bit of effort, you can purge through things you no longer use or need and you will make room to pack your boxes.

6. Horizontal surfaces. The eye naturally scans a room from left to right. By clearing off tables, minimizing shelves, and taking things off of your kitchen and bathroom counters, you are not only able to start packing, but you will be making your home more visibly pleasing for the purchaser.
7. Mentally prepare yourself. Having your home on the market is never convenient. Buyers are on the hunt, and in addition to having your home ready, you must be mentally prepared to adjust your schedule in catering to these buyers.

8. Be flexible. If a buyer is at your front door, you should always open it. If they are in the yard, then they are excited and ready to see it. Leaving work at a moment’s notice may be necessary to land the buyer, so be ready. Otherwise, something better may just be around the corner for those buyers.

9. Don’t show your cards. As an agent, my job is to keep the buyer and seller apart. I ask my clients not to be home when their house is being shown. This is not possible as a FSBO (For Sale By Owner), so make sure not to let on where you are going because it could affect your bottom line.

10. Ask an expert such as myself. I have helped hundreds of home sellers obtain top dollar. Some paid me a commission, others did not. I am happy to be your resource. Everybody needs a good Realtor—even FSBOs.

If you are selling your home or looking to buy a new one and would like to schedule a strategy session, please don’t hesitate to give me a call. If you’d like to receive a copy of my “90-Step Marketing Plan” or you’d like to learn more about my team, visit Bowinn.com.

I look forward to speaking with you!