Ivan Georgiev - Real Estate Consultant

12/25/2022

Merry Christmas 🎄 from our family to yours! Photo credit:

12/08/2022

It is expected that the rates will drop next year.
Many buyers are currently waiting, however they have not disappeared. There is still a deficiency of available properties. Therefore as soon as rates drop, all those buyers will jump into the market causing another potential price raise.

Use your moment now to negotiate with sellers, as they are still agreeing to negotiate. Use seller concessions for closing cost to lower your rate temporarily or permanently.

As rates drop - time to refinance.

11/24/2022

10/31/2022

Zombie properties, which are oftentimes rundown and neglected, can provide a great opportunity for several reasons.

They typically sell for well below market value. Most cities want these homes to be sold and updated quickly so that the surrounding area doesn’t lose value.
If buyers are interested in entering the house-flipping industry, zombie properties can be a less-expensive place to start.
If a buyer is qualified to do home repairs themselves, zombie properties have the potential garner a significant profit.

10/10/2022

There are a lot of paths to become a real estate investor.

One way which many people do not for safe investment would be to purchase a property with an active lease.

Yes you got that right, you can buy a house or a condo with the renters already there, starting to pay you that monthly rent from day 1 !

This will save you time and money by minimizing the vacancy rate on the property.

What you need to keep in mind is that until that specific lease is active you will need to abide by all terms such at the time of signing. Some examples can include monthly rent price, lease term, extension options, notice periods.

09/13/2022

For sale: condo in Suitland, MD 2 bed 1 bath, great investment opportunity, renovated, close to DC. Follow the link for more details: https://www.homesnap.com/MD/Suitland/3829-Saint-Barnabas-Road/property/400029406766

08/19/2022

Very excited to share a recent award of mine! - Top Agent Award of fastest growing agent for the first half of 2022! I am very proud of my achievements this year and will continue to help people achieve their dreams👍🏻

08/09/2022

Today is a very special day for our family. 3 years of happy marriage, 2 kiddos and a lifetime to go ❤️ Happy anniversary to Georgiev family ❤️

08/02/2022

What is “rent back”?
Rentback gives the sellers to remain inside the property as a renter for a certain period of time normally up to 60 days or less.

This gives the opportunity to the seller to have a little more time to move and figure out their move if they haven't.

This can also be a very strong negotiation point for buyers when trying to purchase a property to win the deal.

08/01/2022

Do you think prices are going down? Is it a good time for buyers ?

Buyers right now is one of the best times to get into owning a long term property.

We are seeing a lot of price reduction on the market as sellers got used to having their way and have a lot of buyers competing for their homes.

Right now we are seeing the average time of homes on the market increase, higher interest rates and less competition, which is leading to sellers willing to negotiate and lower prices.

07/28/2022

Is it still a good time to buy even with interest rates going up ?

If you are planning to keep the property for a longer term period then yes.

Reasons:
1. Currently there is less competition
2. Negotiate Better terms
3. You can refinance later

For more information DM me.

07/16/2022

Recently, I have had clients who tried to do business with real estate agents and ended up with lots of difficulties such as not being able to buy or sell a property “due to the market”. Unfortunately, not every realtor will be a professional you are looking for, so as with every person you hire you have got to pay attention to how qualified they are for what you are looking for. There are three major points to pay attention to:
1. Your realtor should know the current market and how to work with it. Market should not be used as an excuse.
2. Your realtor should understand your needs and accommodate them appropriately. Nothing has to be pushed.
3. Realtor has to work in your best interest as getting you the best deal possible, giving you options and “standing” by your side.
If you have anymore questions about this topic DM or comment below.