The Best of Realty411 - Must-Read Articles for Real Estate Investors | Page 74

' Check the numbers ! If there is a REALTOR ® fee involved make sure the percentages are correct . Check the pro­rated amounts you are being charged for property taxes or association fees . When you close on a property during the year , say in June and property taxes are due in October , you have to reimburse the buyer for the property taxes until the closing date . The same would go for any association fees there might be . You will have to reimburse the buyer for the period during the month that they did not own the property . Double check to make sure these figure are correct .' ­Kathy Kennebrook
Here is another point for you to consider . In my business , it is rare that I go to closings anymore since the whole closing process is outsourced . The funds from the closing are directly wired to an account for us , so we get paid right away . If I do go to a closing , I don ’ t go at the same time as the buyers . I usually go right after they are done with all their paperwork . The paperwork on a closing for a buyer is fairly timeconsuming and needs to be explained to the buyer by the title agent . I don ’ t like sitting at closings for an hour or more until I need to sign my documents . If you have done your due diligence and followed all the steps in the closing process , there isn ’ t really anything that can go wrong at the last minute , so breathe easy .
Then when you get through the closing , cash your check or make sure your wire has arrived and celebrate !
For more information on real estate investing tools and marketing to find motivated sellers , buyers and lenders visit Kathy Kennebrook ’ s website at www . marketingmagiclady . com . While you are there , sign up for the free monthly newsletter and receive $ 149 in real estate investing tools absolutely FREE !
KATHY KENNEBROOK
Kathy Kennebrook is the ultimate success story . She spent over 20 years in the banking industry before discovering the world of real estate . After attending some real estate seminars this 4 foot 11 mother of two got really excited and before you know it she ’ d bought and sold hundreds of properties using none of her own money or credit .
Kathy holds a degree in finance and has co­authored the books­ The Venus Approach to Real Estate Investing , Walking With the Wise Real Estate Investor , and Walking With the Wise Entrepreneur which also includes real estate experts Suze Orman , Robert Kiyosaki , and Dr . Wayne Dyer .
She is the nation ’ s leading expert at finding highly qualified , motivated sellers , buyers and lenders using many types of direct mail marketing . She is known throughout the United States and Canada as the Marketing Magic Lady . She has put together a simple step­by­step system that anyone can follow to duplicate her success .
Kathy has been speaking throughout the country and across Canada for over 14 years and has shared the stage with Ron LeGrand , Dr . Phil , Dan Kennedy , Mark Victor Hansen , Ted Thomas and Suze Orman to name a few .
Kathy is going to share with you how she generates a seven figure income by mailing a handful of letters throughout the year to highly selected targets by knowing exactly what to send them , who to send them to and exactly how to deliver her message . She will teach you the secrets of pre­screening and automating your marketing and follow up systems to put your entire Real Estate business on auto­pilot .
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