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Title:PUNJABI | How To Buy Real Estate Below Asking Price
Duration:13:58
Viewed:407
Published:22-01-2022
Source:Youtube

PUNJABI | ASKING PRICE ਤੋਂ ਘੱਟ ਵਿੱਚ ਖਰੀਦੋ REAL ESTATE How to Buy Real Estate Below Asking Price Read this video content at: atwalspace.com/ 📷 Instagram: bit.ly/RavipalAtwal Videos Playlists: Playlists: ▶️ Real Estate: bit.ly/3k9mRt9 ▶️ Financial Freedom: bit.ly/3tEHC38 ▶️ Motivational And Inspiring: bit.ly/3z9blCp ▶️ Youtube Shorts: bit.ly/3tKGOKi ▶️ Investment Videos in Punjabi: bit.ly/PunjabiInvestmentVideos If you liked the efforts please LIKE the video and be sure to SUBSCRIBE for more content. ** Disclaimer ** I share my personal experience and tips from my knowledge of trying different investments and reading books. I am not professional financial or investment advisor, so everyone should do their own further research before making any investment decision. ** VIDEO ** It’s no secret that Canada's Housing market is on fire, Houses are receiving multiple offers and normally selling over asking price. People are even struggling to have their offer accepted, forget about buying it below asking price. What if I tell you, I have bought properties, one last year in 2021 and this year in 2022 and both are below asking price. Especially, in the last 1-2 years, the real estate market went crazy and finding anything below market price is un heart of. * BACKGROUND No one wants to pay extra money for a house or property because it increases down payment and more I pay means I have less money to buy more deals. For example, if the bank calculates the property value is $1 Million, it means you have to pay 20-25% down payment and the rest of the money can be financed by a bank which we call a Leverage. Let’s say this property is listed for $1.2 Million instead of $1 Million. It means we have to pay 25% of $1 Million + $200k (anything above $1 Million) = $450K instead of just $250. This is a big problem if I want to grow in the real estate business. So, let’s talk about the exact way. * SET YOUR CRITERIA AND START GETTING EMAIL LISTINGS FROM YOUR REALTOR * SET THE SYSTEM TO FIGURE OUT THE DIFFERENCE BETWEEN DECENTLY OK DEAL VS BAD DEAL * PROPERTY FOUND * LET’s SAY THERE ARE LOT OF OFFERS * YOU SHOULD NOT PUT YOUR OFFER AT THIS POINT. * you keep a note of these dates and specially financing dates. * As the Financing date deadline is approaching, you ask your Realtor to get in touch with Seller’s agent to find out how financing is progressing. * IF BUYER FAILED TO GET FINANCING * This is when Seller’s desperation starts because they have been sitting in the market for a few months now and buyers are not able to close the deal because of financing issues. * NOW IS YOUR CHANCE * Now, this is your chance to negotiate because there is no competition, no one else is checking for this property. * You can just offer a reasonably good price, You can’t low ball it too much then you will lose this deal. * My last 2 properties are below asking price and I was not the first one as a buyer. * This is not a complicated process, it just needs some patience and a good realtor who can work with you. Most of the realtors want to sell your house and get their commissions. * Maybe you can get yourself a realtor license to do the deals and you will also save on buyer commission, that will be a lot of money just getting as commission.

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