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Copyright, Patent and Trademark for Real Estate Dummies: An Easy Explanation on the Importance of Trademarks, Copyright, and Patents in Real Estate
by Dallas Appraiser L.L.C. on 06/27/14
Copyright, Patent and Trademark for Real Estate Dummies: An Easy Explanation on the Importance of Trademarks, Copyright, and Patents in Real Estate
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Today, many people tend to be confused on what copyright, patent and trademark is all about. Many people tend to neglect the importance of these things. First of all, when you start your own business, you should have a trademark for your business. A trademark is a kind of symbol or logo that you put in your products to distinguish it from other products made by other companies. For example, if you are in the apparel business, you should have a unique trademark for your clothes, shoes and pants. By having your own trademark, you can be sure that your clients will know what they are buying.
If you made a new building design, or if you composed a song or poet, you have to copyright it in order to prevent it from being used without your permission. By copyrighting your songs, your architectural designs, or your documents, you can be sure that it will make it illegal to be used by other people without your permission. It is important that you should copyright your documents in order to prevent others from profiting from it. For example, if you composed a new song and were a hit with the public and you didn’t copyright it, you will see that someone else will claim that they wrote the song and will prevent you from using the song without their permission.
The same thing goes in patenting an invention. By patenting a particular invention, you can make sure that you will have absolute right for it and claim it as yours where no one will be authorized to copy it. Patenting, copyrighting and trademarks are all in the intellectual property law. You have to consider that this law is made to provide protection on intellectual property and is a special branch of the law that requires a special kind of lawyer.
Trademark registration, patenting, and copyrighting are all handled by the United States Patent and Trademark Office or PTO. The PTO is responsible for patenting all kinds of inventions and they are also responsible for registering trademarks and copyrighting. If you recently invented a new kind of gadget which is original and fully functional on its purpose, you can apply for a patent. By patenting your invention, you can be sure that no one else will be able to claim the invention as theirs. However, you have to consider that patenting an invention will take a lot of time and will cost a lot of money. This is why you should be financially prepared for it. You should also consider the fact that you will need a patent and trademark lawyer for it to represent you during the entire process of patenting your invention.
You have to consider that the patenting process is a complex process which deals with the intellectual property law. You will also need a lot of requirements for it, such as a prototype of your invention that you need to demonstrate with the PTO. The PTO will determine whether it can be approved or rejected of patenting.
In the trademark registration process, you have to present your trademark symbol to the PTO. Although the process for trademark registration is shorter than patenting an invention, you have to consider that it will also take some time. You will need to present a minimum requirement, such as a trademark design and your business registration. Once you have the minimum requirements needed to file for trademark registration, the next step is by letting a PTO lawyer examine the trademark and determine whether it bears a resemblance with other kinds of trademarks that is already registered.
There are specific grounds for approval and refusal of trademark where the PTO lawyer will base their decisions. If your trademark symbol contains a lot of similarities with other trademark symbol that is already registered, it will usually be refused.
These are the basics in patent, copyright and trademarks. As you can see, it is very important to get your inventions, your architectural designs and trademark logo registered with the PTO to protect it from being used without your permission or get it stolen and be claimed by other people.
So, the next time you successfully invented something for real estate entrepreneurs or builders, or you have a new business trademark symbol, or designed a new building, get it patented, copyrighted or registered in the PTO immediately.
Governing Law on Trademark Infringement in the Real Estate Industry
by Dallas Appraiser L.L.C. on 06/27/14
Governing Law on Trademark Infringement in the Real Estate Industry
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When an entity violates an absolute right attributed to a registered trademark without proper approval from the owner of the trademark, then the said entity may be charged with trademark infringement.
A trademark which is similar or perplexingly the same as your trademark in connection with the goods or services you are promoting then an ‘infringement’ occurs.
Am Overview on Trademark Law
Any federal registered trademark may be safeguarded under the Lanham or Trademark Act. The Lanham Act is a law encompassing the federal ruling on trademark law in the United States.
The said act forbids actions which include dilution of trademark, bogus advertising, and trademark infringement.
Possibility of a Trademark Infringement Case
A trademark infringement is possible, if you will be able to prove that there is a ‘possibility of confusion’ between your trademark and the purportedly infringing mark. Such possibility of confusion will be determined through a ‘trademark analysis,’ wherein the following items will be analyzed:
- The structure of the mark, both interior and exterior.
- The connotation of the mark. The meaning can be explicit or implied.
- How the mark is pronounced will be reviewed as well.
- The relation of the infringing mark to the goods or services will also be analyzed.
- The impression of the public will also be assessed. Actual test impressions on the consumers may be done.
Trademark Infringement Penalty
The common penalty being given to a party who has been proven guilty of trademark infringement is ‘injunction.’ Injunction is a court regulation wherein it orders the party to avoid doing certain actions such as infringing marks. Contrary to the common belief, injunction is not a monetary judgment.
There are instances that ‘monetary relief’ is bestowed to a winning party. Such monetary respite may include the profit lost by the defendant, the claimants’ sustained damages and the over-all cost of action.
ìTrademark dilution,î can be sought by plaintiffs with well-known trademarks. By doing so, the infringed mark will not be further utilized. There are factors to consider for a trademark to be specified as ‘famous’ before an infringed mark will be blurred or tarnished.
Ways to Avoid Trademark Infringement
If you have been accused of trademark infringement, here are some recommended actions to undertake:
1. Do not copy. If you will be making a trademark, make sure that you do it with immense originality. It must be unique.
2. Search. The uniqueness of your trademark may be verified by doing ‘trademark search.’ Primarily, you can scout for used trademarks on the internet. There are a lot of ‘trademark search website’ which can help you on your endeavor. Secondly, spare some time to visit the Patent and Trademark Depository Library or PTDL to browse for possible similar trademarks that you have. The said library is situated to almost every state.
Another trademark search option is to consult with a trademark lawyer that may also be of help with your trademark search. Your lawyer may conduct a ‘common law search.’ It is a type of trademark search where government records are being checked to see if you have a similar trademark.
Ways to Protect Your Trademark
No one wants to be involved in the rigorous process of court proceedings. Hence, as a plaintiff, you need to perform actions to secure your ‘mark.’
1. Register. It is highly recommended that you undergo a federal trademark registration. With a duly federal registered trademark, you are guaranteed to receive optimum protection with regards to your ‘mark.’
2. Maintain. You need to maintain your trademark. It is best to use your trademark on all promotion materials such as websites, brochures or even advertising over the television. To inform everyone that a good or service is a registered trademark, use the register symbol "Æ". However, if the process of registration is not yet completed, then you can temporarily use the symbol TM for products or SM for services.
There is a price for copying someone else’s original work. It is not simply injunction or paying monetary damages to the plaintiff that can happen to you. There are more upsetting instances that can happen to you. You or your company’s reputation is at stake with trademark infringement.
Who would then trust someone who committed trademark infringement? No one.
Your Real Estate Business Name and Real Estate Business Trademark: The Importance of Having It Registered
by Dallas Appraiser L.L.C. on 06/27/14
Your Real Estate Business Name and Real Estate Business Trademark: The Importance of Having It Registered
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Many people today are now considering starting their own business. You have to consider that you do not have to slave for a company you do not even own just to earn some money. There are lots of people today who work in companies to earn enough capital to start their own business. With your own business, you will be the boss and have much more freedom instead of working at specific hours. By having your own business, you can go in and out of your office as often as you like without anyone telling you that you are arrived at work late and you are leaving early.
The first thing that most people think about when starting your own business is to think of a business name and the trademark symbol usually associated with it. The business name should be unique and should meet all the necessary requirements that the registration office will allow. However, the trademark is another story. You have to register your business trademark with the United States Patent and Trademark Office.
Like the business name, the trademark should be unique and should meet the criteria for qualifications to get it approved. However, you have to consider that the business name itself can also be your trademark symbol, just make sure that the lettering and also the business name is unique.
You have to realize the fact that registering your business name as well as the trademark symbol is very important. This is the logo that separates one company manufacturer from the other. It prevents confusion among consumers on which products to buy. For example, if you are looking for a pair of Nike tennis shoes, you look for the Nike logo which is the "check" sign usually associated in the tags and even put in the products. You identify that the shoes are authentic by the trademark symbol.
By registering your trademark with the Patent and Trademark Office, you can be sure that no other companies will try to use your trademark symbol as it makes it illegal for them to use without your permission. You should consider the fact that it is included in the intellectual property rights. Even the design of the product cannot be copies if you copyright the design with the Patent and Trademark Office.
If you register your business name and trademark, you will have exclusive use for it and will not allow other companies to put in your trademark and business name in their products just to make it sell. Since no one will be able to use the business name and the trademark of your company, you can be sure that your company’s reputation is protected.
It is also recommended that you should register your trademark as soon as possible in order to claim it first and avoid others from claiming your trademark as their own by registering it at the Patent and Trademark Office. However, you can temporarily copyright your trademark symbol via the poor man's copyright. To protect your trademark symbol through a poor man's copyright, all you need to do is enclose a copy of the design in an envelope and mail it to yourself. When the mail arrives, you will notice that there are stamps in it as well as the date received and delivered in it. Leave the envelope unopened and when someone claims it in the Patent and Trademark Office, you can present the unopened envelope to the Patent and Trademark Office. The PTO personnel will open the envelop and examine the trademark design in it.
You have to consider that registering your trademark will take some time to get approval. This is why you should considering hiring a lawyer that specializes in the patent and trademark law as well as the anti-piracy and intellectual property law. They will be able to help you with the different paperwork associated in filing a trademark registration. They will also examine your trademark symbol and make some recommendations in design changes if anything needs to be changed.
These are the things you need to consider when applying for a trademark registration with the Patent and Trademark Office.
Remember this and you can be sure that you will protect your trademark as well as the reputation of your company.
For your Real Estate Business: US Patent and Trademark Office in a Nutshell
by Dallas Appraiser L.L.C. on 06/27/14
For your Real Estate Business: US Patent and Trademark Office in a Nutshell
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You might have heard a couple of times the words patent and trademark. Though you have a vague idea of its relation to commercial products and to your favorite icon, you may have not wholly grasped what it really is and who has the authority to grant trademarks and patents. You have this fuzzy idea that it somehow protects products from piracy problems and helps distinguish the forged product from the real one.
A patent is a group of limited rights given by the state to the patentee or inventor for a certain period of time in barter for the controlled public exposÈ of information about the invention, composition of a substance, which can be very useful to the industry or can be commercially popular. The grant will be exclusive only to the patentee thwarting off other individuals from legally manufacturing and or selling off the patented product.
Trademark, on the other hand, is any unique symbol or logo which can be utilized by an individual or organization to promote their merchandise and services to consumers. Trademark can be consisted of logos, symbols, design, icons, word, phrase, name or a amalgamation of these essentials.
The USPTO or United States Patent and Trademark Office is the agency that controls trademarks and patents registered in the United States.
The United States Patent and Trademark Office is a U.S. Department of Commerce organization. The USPTO basically endow patents to register trademarks and protect inventions. This organization provides service for the interests of commerce and inventors as well as their business products, inventions, and their service identifications. It also serves various government agencies when it comes to issues concerning domestic and international facets of intellectual properties. The USPTO upholds the development of the country's technology and industry, as well as fortifying the economy.
The USPTO was created by the United States Congress mainly for the purpose of granting patents for the benefit of the government. Back in the year 1802, the Patent Office was a separate agency in the Department of State. It was then when an official of the office was called Superintendent of Patents. The Patent office was eventually restructured after the amendment of patent laws in the year 1836, the officer in charge became known as Commissioner of Patents.
The office stayed on the wings of the Department of State until it was reassigned to the Department of Interior in 1849. Then it was relocated to the Department of Commerce in 1925 up to the present day.
The name Patent Office itself underwent some forms of evolutions. In 1975, its name was altered into Patent and Trademark Office. But then again, it was changed in the year 2000 into the United States Patent and Trademark Office, which the name still remains as of the present day.
The Under Secretary of Commerce for Intellectual Property is the chief and director of the USPTO. As the chief of the said agency, the Director is in charge in the supervision of tasks in relation to the issuing and granting patent. The Director also supervises the listing of trademarks, sets down policies and regulations, which are subject to the authorization of the Secretary of Commerce, for the performance of the proceedings of the Office. The Under secretary also tackles a variety of issues carried out before the Office by appeal as imposed by the policies and regulations. The USPTO chief has other duties that are required for the Office's administration.
Although the chief of the USPTO may have huge responsibilities on his or her shoulders, the workload of probing applications for patents are shared by several examining technology centers or TC.
Each examining technology center have their own control over each fields assigned to their center. The TC is led by an assemblage of directors, examiners, and support staff. The examiners study the application for patents and decide if a patent can be granted. These same examiners also make out applications that may claim identical inventions and may well start proceedings to settle on which inventor came with the invention first. The TC may or may not grant a patent but an appeal can be brought to the Board of Patent Appeals. The Director of the USPTO may review the case and he or she may have the final say about the matter.
You have something original in mind? Have the USPTO patent it and have them recognize your trademark.
Going Loco over Trademark Logos in Real Estate
by Dallas Appraiser L.L.C. on 06/27/14
Going Loco over Trademark Logos in Real Estate
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The word logo itself came from the Greek word ‘logotipos’ which means a detailed graphic icon, element, or symbol of a trademark which is positioned in a distinctive typography.
The classic logo is creatively planned to easily attract attention and recognition from potential consumers or mere spectators. The logo is basically just one of the many features of a company and/or its commodities for commercial and/or distinction purposes. Logos for each brand is distinguished by its color, shape, fonts, and icons which will help it to be set apart from similar brands in the corporate world. But logos can also be utilized in the recognition of non-corporate organization or institutes.
In a crazy fast paced world of the 21st century, it is imperative that a logo is unique form all others to steer clear from unnecessary misunderstandings in a buffet of potential consumers, associates, contractors, and the general community (whether domestic or global). After a logo has been formulated, it can be now ready for trademark registration to protect it from illegal users.
The success of a logo can be determined through its individuality or distinctiveness which will avoid any perplexities with other logos. It should also be practical which can be utilized in a variety of situations without losing its reliability. The logo must also be a good representative of a company and/or its commodities. Another is that it must be visually effective in attracting its target audience. The best logo is the one tat generates widespread curiosity in a positive viewpoint.
"Trademarking" a logo will necessitate the expertise of a trademark attorney. Usually, a design search is carried out to verify that the chosen logo will not cause infringement on other existing registered trademark logos. In any trademark lawyer's opinion, a good logo design is the integration of the best features of the whole collection of proposed well-designed logos. This is due to the fact that the magistrates favor a trademark logo with a backup of a collection of logos with identical designs. This said collection is known as a family of marks.
The trademark attorney will also verify that the formulation of the logo works hand in hand with the trademark search. Coming up with a logo that is unique as well as its practical marketability will boost the possibility of not finding an identical logo that may have greater trademark rights. The trademark lawyer will basically give assistance in ironing these problems and is also highly knowledgeable about the application process of a trademark logo.
The trademark lawyer will then discern if the logo meets the criteria of legalities that are needed for it to be registered.
Now, formulating a logo is another thing. The logo is imperative in creating brand consciousness. The logo can be known as a company's face. In any case, it should be presentable as well as visually interesting.
In formulating a logo, there are two methods of doing it. One method is by designing or inventing an original logo. The second method is by the employment of logo design sites that provides assistance in the creation of logos. The best way to pick a logo design site that will be compatible to the company or organization's standards is through the sites' design sample logos or portfolio. It is best not to hesitate to ask if they can come up a collection of logos that the company may choose from. Having a collection of logos can also help if the primary chosen logo was not accepted for registration.
In any case, with or without the help of a logo design site, a creative mind will help in the formulation of a logo. In deciding the structure of logo, it is best to have a line of logo designs to choose form. By doing so, there will be enough designs to choose from and at least may be one of these logos will pass the criteria of becoming registered as a trademark logo. Coming up with a distinct design will be easy for it to be registered and enjoy the trademark protection.
Lastly, one should open their mind, heart, and soul when coming up with the best unique logo design that will please the gods of both the corporate world as well as of those of the courts that grant registrations. Also, multiple ideas are better than one. So, extensive research and scouting for ideas and suggestion will be of great help.
For Your Real Estate Business, Patent and Trademark Attorney: What They Do and Why You Need One
by Dallas Appraiser L.L.C. on 06/27/14
For Your Real Estate Business
Patent and Trademark Attorney: What They Do and Why You Need One
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Have you ever had a brainstorm where you had a really great idea that can sell? If you did, the first thing that you would naturally do is to turn that idea into a reality. Besides, it's the most natural thing in the world. If you had an idea that can definitely sell, then you will take the necessary steps to turn it into a reality in order to make some money.
However, you have to consider that it is more complicated than that. Turning your ideas into a reality right away is a very risky thing to do. You have to consider protecting that idea so no one else can copy that idea and get competitors. For example, if you notice that a company has certain products and no other company sells that same kind of product with a different name, then you have an idea on how to protect your ideas.
As an entrepreneur, you should also think of a trademark for your product. The trademark symbolizes your company and will guarantee that the product is from your company. You also need to protect that trademark in order to protect your company from piracy or from illegally using your trademark by other companies. However, you have to consider that it is still legal for other companies to use your unique trademark if you did not protect it.
So, how can you protect your trademark and your ideas from being copied by other people? To do this, all you need is an attorney that specializes in patent and copyright. By patenting and copyrighting your products and your trademark, you will protect your business from piracy and it will make it illegal for other companies to sell your product and use your trademark without your permission.
The attorney will be the one who will take care of the legal maze in the US Patent Office. They will take care of all the necessary paperwork and they will also help you in patenting and copyrighting your product and your trademark. You have to understand that there are quite a lot of requirements that you need for you to be able to patent your product. The patent attorney will be the one to help you with all these requirements and advice about the different steps you have to take in order to get you product patented.
Patenting can be very expensive not to mention that attorney's fees for his or her services. This is why you have to consider if the whole idea is worth patenting. You have to study your idea and make sure that it will sell in the market. By doing this, you can determine if patenting your idea and your trademark is worth the trouble.
If you decide that it is definitely worth your time and money to get your product and trademark patented and copyrighted, it is also important that you should choose your patent lawyer carefully. Find a patent lawyer that you can trust and also a lawyer competent enough to do their job in assisting you when patenting your products.
These are some of the things that you should always remember in patenting your product and trademark. By knowing all the necessary steps in patenting and copyrighting and also by knowing how to choose a patent lawyer, you will be able to patent your products and trademark as soon as possible.
Always remember that when choosing your patent lawyer, you have to make sure that you can trust them and that you are comfortable working with them. It is always a good idea to call a few around and interview them about their experiences in life. Look for a patent lawyer that provides straight answers and are confident with their skills. You also need to consider that when someone copies your product, the patent lawyer should be able to defend your rights and also have experience in this kind of things.
Look for a patent lawyer with the best skills and experience and also look for a lawyer that you can trust. Remember this and you will protect your business from piracy. Always consider the fact that your idea is also considered priceless and protecting it from piracy is one of the best things that you can do.
What is Medium Density Fiberboard And What Is It Good For?
by Dallas Appraiser L.L.C. on 06/27/14
Title:
What is Medium Density Fiberboard And What Is It Good For?
Word Count:
368
Summary:
Medium density fiberboard, also known as MDF, is type of wood that is similar to particleboard. It is made out of wood waste fibers glued together with resin, heat, and pressure.
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Article Body:
Medium density fiberboard, also known as MDF, is type of wood that is similar to particleboard. It is made out of wood waste fibers glued together with resin, heat, and pressure. Medium density fiberboard can be used for a variety of projects because of its characteristic it is smooth and uniform consistency. It also will not warp which makes it an ideal choice for cabinetry and molding projects. The MDF is often used in place of plank wood, particleboard or high density fiberboard because when sawed it produces a fine even edge. Because of how smooth the surface is, it takes well to painting and only needs a primer and two coats of paint to have an attractive finish unlike some other wood products that may require more sanding and additional coats of paint. Because it does not warp, it is also used quite a bit in bathrooms for cabinets or in other high humidity applications.
Home builders, cabinet makers and carpenters use medium density fiberboard for furniture, shelving, flooring, molding and doors. The wood is very versatile and can be used for a number of applications. It is used often for doors because it insulates sound and heat very well. Taken in conjunction with its smooth surface and ability to take paint well, it is an ideal material for doors. The wood is also very flexible in the type of treatments that it can take such as nailing, gluing, screwing or stapling. The only drawback to medium density fiberboard is the resin that is used to strengthen the wood. This resin contains formaldehyde so care should be taken when cutting it to reduce the amount of dust that is airborne. Try to reduce exposure to MDF whenever possible.
When medium density fiberboard is used for cabinets and other wood working projects, it is very often covered in a veneer or laminate of real wood to disguise the MDF, especially along edges that may be visible. MDF is also a great wood to use for those who are environmentally conscious. Because it is made from scraps and other waste products it is friendlier to the environment. Instead of these items going to a land fill they are recycled.
What's The Value Of A Real Estate Blog For Investors?
by Dallas Appraiser L.L.C. on 06/27/14
Title:
What's The Value Of A Real Estate Blog For Investors?
Word Count:
542
Summary:
Developing a real estate blog allows you to build your business by building up a regular readership of investors and potential buyers. Unlike a website, a blog can bring you more business because people are more interested in the casual tone of blogs and are more likely to read blogs regularly.
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Article Body:
Developing a real estate blog allows you to build your business by building up a regular readership of investors and potential buyers. Unlike a website, a blog can bring you more business because people are more interested in the casual tone of blogs and are more likely to read blogs regularly.
If you're doubting the value of a real estate blog for investors, don't. Blogs are a wonderful way to build your business if you're an investor. If you're an investor, designing a blog intended for investors can help ensure that you have a steady readership of potential investors who may be interested in hearing about the latest property you have to sell.
For example, imagine that you set up a real estate blog for investors to share your best advice for real estate investing and your most recent adventures in investing in your community yourself. Eventually, you notice that you have hundreds of readers regularly. One of your properties is renovated and is ready for sale. You quickly put up an image and video of the property on your blog. That's it. All your blog readers can look at the property and if any of them want to purchase it, they can contact you.
The truth is, there are many benefits to developing a blog:
1) Itís a great online marketing tool. Blogs are fully searchable by search engine such as Google. This means that if you have a search engine optimized blog, anyone looking for real estate investors in your area, homes in your area, or any of your services can find their way to your blog. By simply considering keyword optimization when you write your blog, you can increase the chances that people will come to your blog from search engine traffic.
2) Its a great way to build traffic to your web site. If you already have a web site for your investment business, you may assume that you don't need a blog. A blog, however, can in fact boost traffic to your web site. This is because blogs provide reciprocal links to your web site. This ensures that people from your web site move to your blog, and vice versa. The extra links also improve the search engine rankings of both your blog and your web site.
3) It is often far easier to get readers regularly returning to your blog than to your web site. Web sites tend to be static, with basic information and a professional design. While this can be very useful, many online viewers respond to a little bit of personality, humor, and wit. Blogs are a more casual form of online communication, and they allow you to express your true personality online. This can ensure that you get more readers. Plus, since blogs are updated frequently throughout a week, many people are more likely to bookmark blogs and return often.
4) Developing a real estate blog for investors lets you appeal to investors and first-time homeowners. Everyone can benefit from the tips that you outline in your blog. From homebuyers to investors, people may be visiting your blog fairly regularly, and this helps ensure that there is a wide array of potential customers ready to buy your house when you have a property to sell.
What Is a Final Walk-Through?
by Dallas Appraiser L.L.C. on 06/26/14
Title:
What Is a Final Walk-Through?
Word Count:
286
Summary:
The notion of a ‘final walk-through’ seems to confuse both buyers and sellers of homes. Here is an explanation of a walk-through.
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Article Body:
The notion of a ‘final walk-through’ seems to confuse both buyers and sellers of homes. Here is an explanation of a walk-through.
Walk-Throughs
What is a walk-through? What is its purpose? Is it important or just a formality? Can it be used to re-negotiate the terms of the contract at the last minute? Let us look.
Typically the buyer just before settlement conducts a final walk-through. The idea is to be sure the seller is delivering the home to the buyer in the condition they agreed to under the terms of their contract. Therefore it includes checking on anything the contract says about the condition of the property.
One requirement often seen in contracts about the condition of the home at time of settlement and possession by the new owner is that it will be in substantially the same condition as on the date of the contract. Another frequent requirement is that it will be broom clean. Still another is that all the working parts of the home (such as heating and cooling systems, plumbing, appliances that convey, electrical systems, etc.) be in normal working order.
Sometimes contracts and addenda to them require things like new carpeting to be installed, gutters to be cleaned out, and HVAC systems to be professionally serviced and filters changed.
Read Your Contract
It is a good idea for both buyer and seller to review their contract paying attention to what is said about the condition in which the home will be delivered. Those are the things that should get attention at the walk-through.
While walk-throughs are a formality of closing or settlement, they are not something you should take lightly. This is your chance to get any problems straightened out.
What Kind Of Sellers Are Real Estate Investors Looking For?
by Dallas Appraiser L.L.C. on 06/26/14
Title:
What Kind Of Sellers Are Real Estate Investors Looking For?
Word Count:
421
Summary:
If you are looking to invest in real estate, what kind of seller are you looking for? Over 3500 property buys use as research.
keywords: #DFW, #Tarrant, #Johnson, #Dallas, #home_appraiser, #home_appraisal, #Property_appraiser, #home_value, #real_estate_appraisal, #Appraisal, #Appraiser, #Home_ownership,#equity, #REO, #foreclosure, #tax, #Divorce
Article Body:
Copyright 2006 National Real Estate Network LLC
You are looking for sellers whose #1 objective is to sell their property. You are looking for motivated sellers (A DON’T WANTER). If you are dealing with any one else, you are going down the wrong road. It would be a good to get a real estate license. Even when you are dealing with someone who is not a motivated seller and who is #1 objective is not to get rid of the property, a real estate license can earn you money by listing the property for the person, or referring them to someone else that would be better as a listing real estate agent for the property.
When I call on someone who wants to sell their property, I have found they know the value and their options. We review what the after repaired value is with them and what we would offer. We also advise them as to their options regarding getting pre-qualified by a mortgage company, or any other options that might be the best solution for them. If they are motivated sellers whose #1 objective is to get rid of the property, then they will look to work out a sale with you. I feel it is important to let them know all their options such as to list property, take investor offer, or refinance property. If you present to them what is you see as their possible solutions it will make a difference for them regarding saving the property through refinance, or you might get the listing or referral fee from another realtor that gets the property sold for the owner. The bottom line is you served them and in doing that, you get taken care of also.
Some examples of motivated sellers are:
a. Divorce - The couple has separated. They now have doubled their individual overhead. They have two house payments now. The home they shared required two incomes. The marital house is headed for foreclosure
b. Probated estates- the attorney in charge will want to liquidate the estate as quickly as possible
c. Tired landlords’ people who jump into this business and can't handle property management.
d. Loss of job
e. Move out of state- double house payments
f. Partnership split The business of finding motivated sellers is good one.
g. Foreclosures
h. Tax Foreclosures
In this business, key is to stay focused on making sure you have motivated seller. Said any other way is that the person #1 objective is to get rid of their property. Good hunting for Motivated sellers!
