How to Value Commercial Real Estate
One of the first questions you'll ask yourself when you are looking at a new property to purchase is: What is this property worth? That is a different question then: How much can I pay? And it's still different then: What can I get this property for? But all of those questions need answers before you put in an offer to purchase a new property. How an investor chooses to value a property can depend on the size of the property or the sophistication of the purchaser. We rely on the simple methods, both because we are new to commercial investing, and because we're looking at small properties. But, simple doesn't mean less reliable or less accurate when it comes to commercial valuation. Essentially, there are three ways to value a commercial property: 1. Direct Comparison Approach 2. Cost Approach 3. Income Approach (which includes the DCF method and the Capitalization Method). The direct comparison approach uses the recent sale details of similar properties (similar in size, location and if possible, tenants) as comparables. This method is quite common, and is often used in combination with the Income Approach. The cost approach, also called the replacement cost approach, is not as common. And it's just what it sounds like, determining a value for what it would cost to replace the property. The third, and most common way of valuing commercial real estate is using the income approach. There are two commonly used income approaches to value a property. The simpler way is the capitalization rate method. Capitalization Rate, more commonly called the "Cap Rate", is a ratio, usually expressed in a percent, that is calculated by dividing the Net Operating Income into the Price of the Property. The cap rate method of valuing a property is where you determine what is a reasonable cap rate for the subject property (by looking at other property sales), then dividing that rate into the NOI for the property (NOI is The Net Operating Income. It's equal to income minus vacancy minus operating expenses). Or, you could figure out the asking cap rate of the property by dividing the NOI by the asking price. For example, if a property has leases in place that will bring in, after expenses (but not including financing) an NOI of $10,000 in the next year and comparable properties sell for cap rates of 6% then you can expect your property to be worth approximately $166,666 ($10,000/.06 = $166,666). Or, said another way, if the asking price of a property is $169,000, and it's NOI is estimated at $10,000 for the next year, the asking cap rate is approximately 6%. Where this gets tricky is when properties are vacant, or where the leases are set to expire in the upcoming year. This is often when you are forced to make some assumptions. (We'll save how you deal with this for another day.) The other income method is the DCF method, or the Discounted Cash Flow method. The DCF method is often used in valuing large properties like downtown office buildings or property portfolios. It's not simple, and it's a bit subjective. Multiple year cash flow projections, assumptions about lease rates and property improvements and expense projections are used to calculate what the property is worth today. Basically, you figure out all of the cash that will be paid out and all of the cash that will be brought in on a monthly basis over a specific period of time (usually the time you plan to hold the building for). Then you determine what those future cashflows are worth today. There are computer programs like Argus Software that help in these types of valuations because there are many variables and many calculations involved. For the small investors, like us, using a combination of comparable property sales and income valuation using cap rates, will provide a reliable valuation. The real issue is convincing the seller that they should sell based on today's income and today's comparable properties. In the case of a mixed use commercial building we just tried to buy, the seller was pricing their property based on assumptions that leases will renew in the next 6 months at substantially higher rates and that the area of the property will continue to improve making the property more desirable. Unfortunately, we don't buy properties hoping for appreciation. We buy properties today because the property will put more money in our pocket each month then it takes out, and the property fits within our investing goals.
วันศุกร์ที่ 28 พฤศจิกายน พ.ศ. 2551
Real Estate Private Sale
Real Estate Private Sale
Real estate private sale: Well, before venturing into the topic further let us first try to understand what the term means. The term private sale means not engaging a real estate agent to sell your property. Most sellers prefer private as they want to do away with sharing the proceeds of the sale with the real estate agents in form of commission. While there are advantages and disadvantages in real estate private sale, it depends on each individual trying to sell their property or house. Advantages and disadvantages of real estate private sale: As mentioned earlier real estate private sale is mostly preferred to save on the commission costs. The advantages are that you could directly get to interact with the prospective buyers and know what exactly they are looking for in a property and then try to improve your property in hand. With no third person involved you can be sure that you have got the best bargain. What you should in real estate private sale: If you have been planning to sell your property then it is recommended that you maintain the house with great care so that it is in good shape. A well kept house can get a good price. Sellers must also remember that prospective buyers would want a good impression right on the first sight of the house. Therefore, keep the house clean and litter free when buyers come in to inspect the property. How to sell your house fast in real estate private sale: As you will not have the advantage of a real estate agent to assist you in selling you property you need to draw a list of must do to sell your property. Advertise that your property is on sale. You could advertise in prominent newspapers as well as local magazines. Internet is now considered the easiest and swift way to sell your property. The idea is to publicize that your property is on sale. Good word of mouth also does the trick. Maintain your property well. Keep it free from litter as prospective buyers look for a clean and neat home to live in. Show all the rooms in the house as they are intended for use. Don't try and portray a bathroom as being a fourth bedroom or vice versa. Keep you house a pet free zone until the prospective buyers are on the property to look over. Pets tend to scare away the visitors and could leave a bad impression on the property. Keep all the documents pertaining to the property up to date and in good condition. This also leaves a good impression on the buyers. Prospective buyers would feel safe when they find that all the documentation is well maintained. This will also ensure that the property transfer will be smooth. Real estate private sale could save you the commission costs but you need to put in a lot of efforts to sell your property on your own.
Real estate private sale: Well, before venturing into the topic further let us first try to understand what the term means. The term private sale means not engaging a real estate agent to sell your property. Most sellers prefer private as they want to do away with sharing the proceeds of the sale with the real estate agents in form of commission. While there are advantages and disadvantages in real estate private sale, it depends on each individual trying to sell their property or house. Advantages and disadvantages of real estate private sale: As mentioned earlier real estate private sale is mostly preferred to save on the commission costs. The advantages are that you could directly get to interact with the prospective buyers and know what exactly they are looking for in a property and then try to improve your property in hand. With no third person involved you can be sure that you have got the best bargain. What you should in real estate private sale: If you have been planning to sell your property then it is recommended that you maintain the house with great care so that it is in good shape. A well kept house can get a good price. Sellers must also remember that prospective buyers would want a good impression right on the first sight of the house. Therefore, keep the house clean and litter free when buyers come in to inspect the property. How to sell your house fast in real estate private sale: As you will not have the advantage of a real estate agent to assist you in selling you property you need to draw a list of must do to sell your property. Advertise that your property is on sale. You could advertise in prominent newspapers as well as local magazines. Internet is now considered the easiest and swift way to sell your property. The idea is to publicize that your property is on sale. Good word of mouth also does the trick. Maintain your property well. Keep it free from litter as prospective buyers look for a clean and neat home to live in. Show all the rooms in the house as they are intended for use. Don't try and portray a bathroom as being a fourth bedroom or vice versa. Keep you house a pet free zone until the prospective buyers are on the property to look over. Pets tend to scare away the visitors and could leave a bad impression on the property. Keep all the documents pertaining to the property up to date and in good condition. This also leaves a good impression on the buyers. Prospective buyers would feel safe when they find that all the documentation is well maintained. This will also ensure that the property transfer will be smooth. Real estate private sale could save you the commission costs but you need to put in a lot of efforts to sell your property on your own.
Grant For Investing in Real Estate - How Much Will I Get?
Grant For Investing in Real Estate - How Much Will I Get?
Like many first home buyers you are probably wondering about the First home owners grant for investing in real estate. Am I eligible and how much will I get? Due to the current financial crisis there have been some changes to the grant for investing in real estate that are very beneficial for anyone who is thinking of making their first real estate investment. In fact the government has just doubled the grant for investing in real estate. The $7,000 grant has risen to $14,000 whilst the $14,000 grant has been increased to $21,000. Let's have a look at the different types of grants for investing in real estate and the history of the first home owners grant and real estate investing. The Grant for investing in real estate (first home owners grant/scheme) was first introduced in 2000 in an attempt to help first home buyers make their first real estate investments or buy their first home. In reality the grant simply offset the taxes that home buyers need to pay when buying a property. In its original form the grant for investing in real estate was set at $7,000 – how things have changed of late. How Much Will I Get? Currently all first home buyers who are purchasing an already existing property will be entitled to a grant of $14,000. If you are purchasing a newly built home or build your own property you will be entitled to $21,000. For the first time in the history of the first home owners grant the new home owners may be able to use some of the grant money to pay for their property rather than just use it to pay for the taxes. Am I Eligible? The eligibility criteria of the grant for investing in real estate is pretty straight forward. You (and your partner) must not have received an Australian home buyer's grant before. You (and your partner) must not have owned residential property prior to 1st of July 2000 in Australia. You (at least one person) must be an Australian citizen. You must be a real person eg. Not a company. Finally you (at least one person) must occupy the house for a minimum of 6 months commencing within the first 12 months of purchase. This last criterion is the most important if you are thinking about claiming the grant for investing in real estate for an investment property. This definitely doesn't mean that you can't get it you just need to be smart about it. Many property investment courses say you can't use it for an investment property but this is simply not true. One of the best property investment tips I ever received was to use the first home owners grant for an investment property that needed some small renovations. I went to a property investment course that taught me about the best ways to renovate for capital gains and then used the grant for investing in real estate to pay my mortgage for 6 months whilst I renovated the property. It was the perfect way (and still is) to get into the investing property world.
Like many first home buyers you are probably wondering about the First home owners grant for investing in real estate. Am I eligible and how much will I get? Due to the current financial crisis there have been some changes to the grant for investing in real estate that are very beneficial for anyone who is thinking of making their first real estate investment. In fact the government has just doubled the grant for investing in real estate. The $7,000 grant has risen to $14,000 whilst the $14,000 grant has been increased to $21,000. Let's have a look at the different types of grants for investing in real estate and the history of the first home owners grant and real estate investing. The Grant for investing in real estate (first home owners grant/scheme) was first introduced in 2000 in an attempt to help first home buyers make their first real estate investments or buy their first home. In reality the grant simply offset the taxes that home buyers need to pay when buying a property. In its original form the grant for investing in real estate was set at $7,000 – how things have changed of late. How Much Will I Get? Currently all first home buyers who are purchasing an already existing property will be entitled to a grant of $14,000. If you are purchasing a newly built home or build your own property you will be entitled to $21,000. For the first time in the history of the first home owners grant the new home owners may be able to use some of the grant money to pay for their property rather than just use it to pay for the taxes. Am I Eligible? The eligibility criteria of the grant for investing in real estate is pretty straight forward. You (and your partner) must not have received an Australian home buyer's grant before. You (and your partner) must not have owned residential property prior to 1st of July 2000 in Australia. You (at least one person) must be an Australian citizen. You must be a real person eg. Not a company. Finally you (at least one person) must occupy the house for a minimum of 6 months commencing within the first 12 months of purchase. This last criterion is the most important if you are thinking about claiming the grant for investing in real estate for an investment property. This definitely doesn't mean that you can't get it you just need to be smart about it. Many property investment courses say you can't use it for an investment property but this is simply not true. One of the best property investment tips I ever received was to use the first home owners grant for an investment property that needed some small renovations. I went to a property investment course that taught me about the best ways to renovate for capital gains and then used the grant for investing in real estate to pay my mortgage for 6 months whilst I renovated the property. It was the perfect way (and still is) to get into the investing property world.
Gilbert Homes - Five Tips To Starting A Real Estate Business
Gilbert Homes - Five Tips To Starting A Real Estate Business
All of us want to make good investments. Good investments allow us to improve our assets. This will help ensure a brighter future for us and for our family. Investment has many forms. Some invest in bonds, jewelry, stocks, and properties. Most people associate good investment with real estate. However, many are reluctant to get into the business nowadays because of the overall financial condition of the country. It is indeed scary to invest into anything today. This is normal because even those who have a lot are afraid that they will not get anything from their investments. Although most businesses are not doing well today, investing in properties other than your home is still one of the best. This is because its value increases as time goes by. The house you bought from Gilbert Homes today may triple its value in the ensuing year. You will definitely improve your finances if this is the case. Although the above example is very inviting, you should not purchase the first house you see. Think of the following guidelines before you make a purchase: 1. If you are a newbie in the real estate industry, arm yourself with information. Take advantage of the information you can readily access. Compare prices from the different ads. Check the internet and find out the latest trends in terms of the type of houses families look for, potential buyers and enticing areas. You can use the facts you generate in negotiating with prices. 2. Make sure that your financial status can handle the purchase. Ask yourself if you can handle a long-term debt. Are you sure that you can handle the mortgage? Do you have a plan B incase a threat to your primary source of income arise? Can you handle it even if you lose your job? 3. Check all areas of the house. Just like making any purchase, you have to check the commodity thoroughly before you buy it. Make sure that it is not overpriced. Check the doors, windows, the lights, electricity, water source, materials used, tiles, furniture, and everything that goes with the property. Things may look fine but when you check closely, you will find damaged parts. The damages and other specific conditions can cause the price to drop. 4. Before you contact the Gilbert Homes, make sure that the mortgage suits you. Most people go for fixed-rate mortgages because it is predictable. However, there are also other forms of mortgage settings like the adjustable-rate and reverse mortgages. Adopt a suitable mortgage. 5. Keep a record of everything, especially with the expenses you incurred. There is no use doing business if you are losing money. Many lose money because they do not monitor their spending. Monitor how much you paid a lawyer to do the paper works. Check how much you paid for materials and contractors. After deducting the expenses, check if you have gained some. If you plan to get into the world of real estate, you have to arm yourself with information to take full advantage of its benefits.
All of us want to make good investments. Good investments allow us to improve our assets. This will help ensure a brighter future for us and for our family. Investment has many forms. Some invest in bonds, jewelry, stocks, and properties. Most people associate good investment with real estate. However, many are reluctant to get into the business nowadays because of the overall financial condition of the country. It is indeed scary to invest into anything today. This is normal because even those who have a lot are afraid that they will not get anything from their investments. Although most businesses are not doing well today, investing in properties other than your home is still one of the best. This is because its value increases as time goes by. The house you bought from Gilbert Homes today may triple its value in the ensuing year. You will definitely improve your finances if this is the case. Although the above example is very inviting, you should not purchase the first house you see. Think of the following guidelines before you make a purchase: 1. If you are a newbie in the real estate industry, arm yourself with information. Take advantage of the information you can readily access. Compare prices from the different ads. Check the internet and find out the latest trends in terms of the type of houses families look for, potential buyers and enticing areas. You can use the facts you generate in negotiating with prices. 2. Make sure that your financial status can handle the purchase. Ask yourself if you can handle a long-term debt. Are you sure that you can handle the mortgage? Do you have a plan B incase a threat to your primary source of income arise? Can you handle it even if you lose your job? 3. Check all areas of the house. Just like making any purchase, you have to check the commodity thoroughly before you buy it. Make sure that it is not overpriced. Check the doors, windows, the lights, electricity, water source, materials used, tiles, furniture, and everything that goes with the property. Things may look fine but when you check closely, you will find damaged parts. The damages and other specific conditions can cause the price to drop. 4. Before you contact the Gilbert Homes, make sure that the mortgage suits you. Most people go for fixed-rate mortgages because it is predictable. However, there are also other forms of mortgage settings like the adjustable-rate and reverse mortgages. Adopt a suitable mortgage. 5. Keep a record of everything, especially with the expenses you incurred. There is no use doing business if you are losing money. Many lose money because they do not monitor their spending. Monitor how much you paid a lawyer to do the paper works. Check how much you paid for materials and contractors. After deducting the expenses, check if you have gained some. If you plan to get into the world of real estate, you have to arm yourself with information to take full advantage of its benefits.
Central Coast California Real Estate is Close to Paradise on Earth
Central Coast California Real Estate is Close to Paradise on Earth
Central Coast California real estate-this is the location of many people's dreams. Obviously, California is considered by many people as one of the most spectacular states in America, with it's mix of mountain ranges, national parks, lakes, and of course, the bordering Pacific Ocean to it's west. Combine that with the warm and dry weather the state receives, and it is one of the most in demand places to live anywhere in the country. No, it's not cheap to live in this area of the state, as I will explain later, but there are some ways to save money. What areas does the central coast consist of? Generally, it is anyplace between Monterey Bay and Point Conception. It goes through five different counties in between. As you might expect for this area, central coast California real estate is very pricey when compared with real estate around the country, due to the pacific ocean and of course, the fact that it's in the state of California. Anywhere you want to move in California, you can expect to pay an arm and a leg, and this is just amplified if you want to live on the coast. However, if you have the money, it is definitely worth it. The area has a thriving tourism industry, as many people want to bask in the California sunshine during their breaks. Obviously, as I alluded to before, it has tremendous views of the pacific ocean, and in fact, the coastline in the area stretches for some two hundred and fifty miles. The university of California and California state are both located in the area as well, so if you have kids that will go to college someday, this is another consideration. Another benefit of this area is that it is not a big city atmosphere. Unlike San Diego, Los Angeles, San Francisco, Sacramento, etc, this area is much more subdued and relaxed, and offers the great weather these places do but without that big city atmosphere. The area actually only contains about three percent of the state's population, largely because there are no big cities located within the central coast of California. However, despite the smaller town feeling, you still get all the benefits of being near a large city, as San Diego and Los Angeles are both just a short drive away. No matter what kind of entertainment you enjoy, you can find it in these cities, so the central coast really is the best of both world, in that you get all the advantages of a big city without actually having to live in the daily hustle and bustle of it. How do the prices compare with the rest of the state? Generally, they are around twenty percent higher, but unless you plan on moving to Santa Barbara, the homes are still reasonably priced. The best thing about central coast California real estate is that the prices have been going down as of late. Particularly with the recent economic woes, so if you want to get in, now is definitely the time. The bottom line is, if you are looking for an outdoor lover's paradise, with tremendous ocean views and year round ideal temperatures, and you have the budget to handle it, then this is the place for you.
Central Coast California real estate-this is the location of many people's dreams. Obviously, California is considered by many people as one of the most spectacular states in America, with it's mix of mountain ranges, national parks, lakes, and of course, the bordering Pacific Ocean to it's west. Combine that with the warm and dry weather the state receives, and it is one of the most in demand places to live anywhere in the country. No, it's not cheap to live in this area of the state, as I will explain later, but there are some ways to save money. What areas does the central coast consist of? Generally, it is anyplace between Monterey Bay and Point Conception. It goes through five different counties in between. As you might expect for this area, central coast California real estate is very pricey when compared with real estate around the country, due to the pacific ocean and of course, the fact that it's in the state of California. Anywhere you want to move in California, you can expect to pay an arm and a leg, and this is just amplified if you want to live on the coast. However, if you have the money, it is definitely worth it. The area has a thriving tourism industry, as many people want to bask in the California sunshine during their breaks. Obviously, as I alluded to before, it has tremendous views of the pacific ocean, and in fact, the coastline in the area stretches for some two hundred and fifty miles. The university of California and California state are both located in the area as well, so if you have kids that will go to college someday, this is another consideration. Another benefit of this area is that it is not a big city atmosphere. Unlike San Diego, Los Angeles, San Francisco, Sacramento, etc, this area is much more subdued and relaxed, and offers the great weather these places do but without that big city atmosphere. The area actually only contains about three percent of the state's population, largely because there are no big cities located within the central coast of California. However, despite the smaller town feeling, you still get all the benefits of being near a large city, as San Diego and Los Angeles are both just a short drive away. No matter what kind of entertainment you enjoy, you can find it in these cities, so the central coast really is the best of both world, in that you get all the advantages of a big city without actually having to live in the daily hustle and bustle of it. How do the prices compare with the rest of the state? Generally, they are around twenty percent higher, but unless you plan on moving to Santa Barbara, the homes are still reasonably priced. The best thing about central coast California real estate is that the prices have been going down as of late. Particularly with the recent economic woes, so if you want to get in, now is definitely the time. The bottom line is, if you are looking for an outdoor lover's paradise, with tremendous ocean views and year round ideal temperatures, and you have the budget to handle it, then this is the place for you.
วันพุธที่ 19 พฤศจิกายน พ.ศ. 2551
Real Estate Buyers Get Tough
Real Estate Buyers Get Tough
Let's talk about what it takes to sell real estate during a financial meltdown. First and foremost buyers are king. There aren't many of them running loose and you must work like a tiger to snare one. Every day I hear someone say, "Yes, I've read about the country's credit problems, but I have a burning need to sell my house!" Sorry, but you are just one among tens of thousands in the same leaky boat. Take heart because I am going to tell you exactly how to sell your home in today's upside down real estate market - sort of. This is a buyers market and they can be demanding as they like and you must be realistic about dealing with them. You must identify how saturated the market is for homes of your type. Are there several similar homes for sale just down the street? How long are those homes on the market before buyers are are found? What have homes in your neighborhood sold for? In most areas home prices continue trending down, so chances are you must set your price a bit lower than the most recent sales. A good rule to remember is that anything sells if the price is right. Should you list your home for sale with a real estate broker or offer it for sale by owner? That decision could rest on a couple of things. Do you have plenty of equity in the home? 6% will come right off the top of the sale price for the broker's commission. Will your equity cover that and all other selling expenses? If you choose to go FSBO (for sale by owner) you shouldn't believe your going to pocket that extra 6%. You need to spend a good portion of that on home fix-up and marketing. Let me explain how I sell my homes. I list them with a discount broker. Many of these "flat fee" broker's charge from $200 to $500 to list your property on the local Multiple Listing Service. The truth is that most homes are sold from listing on the MLS. That's where every real estate agent in your area looks for homes to show their buyers. In most U.S. counties the typical 6% real estate commission is split between the buying and selling brokers. Each get 3% of the home's selling price. When you list with a flat fee broker you pay that broker only an agreed upon amount in advance. That will allow you to entice many more agents into showing your home by offering them a 4% commission. Experienced agents scan the MLS looking for that kind of an extra bonus. If they have a potential buyer for your type of home you can be sure yours will be the first one shown to the agent's prospective buyer. Listing with a discount broker this way gets your home shown and leaves you with a few extra thousands of dollars. You can use that money to help pay down the buyer's interest or closing costs. That gives you some negotiating room with tough buyers. The most powerful way to sell a property quickly in a down market is to offer help with the down payment or financing. Not everyone can do that, but if you truly must sell quickly it is something you should consider. In this market home buyer's and their agents know they have most of the power. Anything you can throw in as an extra could mean the difference between making or not making a deal.
Let's talk about what it takes to sell real estate during a financial meltdown. First and foremost buyers are king. There aren't many of them running loose and you must work like a tiger to snare one. Every day I hear someone say, "Yes, I've read about the country's credit problems, but I have a burning need to sell my house!" Sorry, but you are just one among tens of thousands in the same leaky boat. Take heart because I am going to tell you exactly how to sell your home in today's upside down real estate market - sort of. This is a buyers market and they can be demanding as they like and you must be realistic about dealing with them. You must identify how saturated the market is for homes of your type. Are there several similar homes for sale just down the street? How long are those homes on the market before buyers are are found? What have homes in your neighborhood sold for? In most areas home prices continue trending down, so chances are you must set your price a bit lower than the most recent sales. A good rule to remember is that anything sells if the price is right. Should you list your home for sale with a real estate broker or offer it for sale by owner? That decision could rest on a couple of things. Do you have plenty of equity in the home? 6% will come right off the top of the sale price for the broker's commission. Will your equity cover that and all other selling expenses? If you choose to go FSBO (for sale by owner) you shouldn't believe your going to pocket that extra 6%. You need to spend a good portion of that on home fix-up and marketing. Let me explain how I sell my homes. I list them with a discount broker. Many of these "flat fee" broker's charge from $200 to $500 to list your property on the local Multiple Listing Service. The truth is that most homes are sold from listing on the MLS. That's where every real estate agent in your area looks for homes to show their buyers. In most U.S. counties the typical 6% real estate commission is split between the buying and selling brokers. Each get 3% of the home's selling price. When you list with a flat fee broker you pay that broker only an agreed upon amount in advance. That will allow you to entice many more agents into showing your home by offering them a 4% commission. Experienced agents scan the MLS looking for that kind of an extra bonus. If they have a potential buyer for your type of home you can be sure yours will be the first one shown to the agent's prospective buyer. Listing with a discount broker this way gets your home shown and leaves you with a few extra thousands of dollars. You can use that money to help pay down the buyer's interest or closing costs. That gives you some negotiating room with tough buyers. The most powerful way to sell a property quickly in a down market is to offer help with the down payment or financing. Not everyone can do that, but if you truly must sell quickly it is something you should consider. In this market home buyer's and their agents know they have most of the power. Anything you can throw in as an extra could mean the difference between making or not making a deal.
Are Real Estate Agents Worth Their Fees?
Are Real Estate Agents Worth Their Fees?
There's no doubt about it, people use real estate agents to sell and buy property all the time. On the other hand, some people, choose not to use a real estate agent and in turn, buy and sell their own properties. This often leaves many wondering if real estate agents are truly worth their fees. The answer is, "it depends on your lifestyle and the time in your life that the real estate transaction is completed." That is, each person's circumstances will dictate the answer to this mind-boggling question. We will now discuss this in further detail. First, of all, let's discuss why some people employ an agent. Many people employ an agent simply because they don't have the time or the energy to sell the property themselves. Take me for instance, when I employed a real estate agent to sell my residential property, I was working a full time job, caring for children, my husband and my home. We were both very busy and simply didn't have the time or the energy to take care of the details to get our property sold. We had too much going on and we simply needed to get the property sold quickly so that we wouldn't loose out on our "dream home." In this instance, conducting the entire deal ourselves simply would not have been a wise decision. Instead, we hired a professional real estate agent and we paid her 4% of the selling price. Although this may seem like a lot, it actually wasn't. Our real estate agent closed the deal quickly and got us 10% more than we thought the property was worth. She really knew her stuff and we were smart to hire her. Second, let's discuss why some people might choose to conduct their own real estate transaction. There are many reasons but the most common is that they have the time and energy to handle the deal and they don't want to share the profits with the agent. Let me use myself again as an example. Once I became an empty nester and started looking for additional income, I decided to play the real estate investing game by selling a piece of property that I already owned. As an empty nester, I listed the property in the paper, showed it, and handled contract negotiations. As a result, we received a nice offer for the sale and when it closed, we received a hefty profit due to the fact that we didn't use an agent. In this case, an agent simply didn't make good financial sense. In conclusion, I've learned that real estate agents can be worth their fees however it depends on your personal situation. If you don't have the time to sell or buy property yourself, for whatever reason, it pays to use an agent. If you have time and energy, then using an agent makes no sense at all. So, do what works for you and enjoy your profits - either way, you earned them!There's no doubt about it, people use real estate agents to sell and buy property all the time. On the other hand, some people, choose not to use a real esate agent and in turn, buy and sell their own properties. This often leaves many wondering if real estate agents are truly worth their fees. The answer is, "it depends on your lifestyle and the time in your life that the real estate transaction is completed." That is, each person's circumstances will dictate the answer to this mind-boggling question. Let's now discuss this in further detail.
There's no doubt about it, people use real estate agents to sell and buy property all the time. On the other hand, some people, choose not to use a real estate agent and in turn, buy and sell their own properties. This often leaves many wondering if real estate agents are truly worth their fees. The answer is, "it depends on your lifestyle and the time in your life that the real estate transaction is completed." That is, each person's circumstances will dictate the answer to this mind-boggling question. We will now discuss this in further detail. First, of all, let's discuss why some people employ an agent. Many people employ an agent simply because they don't have the time or the energy to sell the property themselves. Take me for instance, when I employed a real estate agent to sell my residential property, I was working a full time job, caring for children, my husband and my home. We were both very busy and simply didn't have the time or the energy to take care of the details to get our property sold. We had too much going on and we simply needed to get the property sold quickly so that we wouldn't loose out on our "dream home." In this instance, conducting the entire deal ourselves simply would not have been a wise decision. Instead, we hired a professional real estate agent and we paid her 4% of the selling price. Although this may seem like a lot, it actually wasn't. Our real estate agent closed the deal quickly and got us 10% more than we thought the property was worth. She really knew her stuff and we were smart to hire her. Second, let's discuss why some people might choose to conduct their own real estate transaction. There are many reasons but the most common is that they have the time and energy to handle the deal and they don't want to share the profits with the agent. Let me use myself again as an example. Once I became an empty nester and started looking for additional income, I decided to play the real estate investing game by selling a piece of property that I already owned. As an empty nester, I listed the property in the paper, showed it, and handled contract negotiations. As a result, we received a nice offer for the sale and when it closed, we received a hefty profit due to the fact that we didn't use an agent. In this case, an agent simply didn't make good financial sense. In conclusion, I've learned that real estate agents can be worth their fees however it depends on your personal situation. If you don't have the time to sell or buy property yourself, for whatever reason, it pays to use an agent. If you have time and energy, then using an agent makes no sense at all. So, do what works for you and enjoy your profits - either way, you earned them!There's no doubt about it, people use real estate agents to sell and buy property all the time. On the other hand, some people, choose not to use a real esate agent and in turn, buy and sell their own properties. This often leaves many wondering if real estate agents are truly worth their fees. The answer is, "it depends on your lifestyle and the time in your life that the real estate transaction is completed." That is, each person's circumstances will dictate the answer to this mind-boggling question. Let's now discuss this in further detail.
Real Estate - Washington's Foreclosure Rescue Plan
Real Estate - Washington's Foreclosure Rescue Plan
Can distressed home owners expect a foreclosure rescue plan to save the day? Glad you asked, because the Federal Deposit Insurance Corp has been working on just such a plan, It's is designed to rescue between two and three million homeowners. By the time you read this the plan will probably have hit the street in some form. The key element of the foreclosure rescue plan is to motivate banks to rework real estate loans rather than foreclosing on homes. Your generous government will remove the bank's risk by providing a partial federal guarantee for any losses on all the modified mortgages that meet certain criteria. Remember that $700 billion bailout fund? That's right, the one that passes out a few million to any Wall Street firm that made money losing investments. Well the foreclosure rescue plan would use between $40 billion and $50 billion of that money to underwrite the rescue. Couple this plan with the recent announcement by some of the United States' major banks that they are halting real estate foreclosures and reworking many mortgage loans. All this should halt the slide in real estate values, right? Maybe not… Douglas Elmendorf is a real smart guy and former Clinton advisor. Good old Doug says, "Even an ambitious program of mortgage modifications will not prevent a further decline in house prices." "It might prevent an overshooting of house prices on the downside. But houses still look overvalued relative to people's rents or incomes, and it's going to be very difficult to sustain house prices at their current level." History has shown that any market must have a complete correction before it can begin moving to the up side, so it should come as no surprise that any attempt to keep home values artificially high will just postpone the inevitable and delay the eventual recovery. The bad news is that foreclosure sales have continued to drive price declines and fueled an increase in sale transactions in key local markets across the nation and there is no sure end of foreclosures in sight. The Federal Reserve reports that the nation's troubled economy has scared the pants off of foreign and domestic banks. They further tightened access to mortgage credit recently. A survey of 55 domestic and 21 foreign banks indicated that the large majority of domestic banks reported tightening their lending standards on prime, nontraditional and subprime residential mortgages over the past three months. Lending standards have even increased on prime mortgage loans. When it comes to prime mortgages about 70% of the banks tightened lending requirements. It should be no surprise that 90% of the banks tightened the screws on nontraditional mortgages. Tighter lending standards generally lead to reduced borrowing, which explains why 50 percent of domestic lenders experienced weaker demand for prime residential mortgages. 70% even indicated weaker demand for nontraditional mortgage loans and jumbo loan products. While lenders have been making it more difficult for potential home buyers to qualify for mortgage financing interest rates have been inching up. That's a double whammy for home prices. If people can't afford or qualify for a mortgage they can't buy a home. The final result is fewer buyers for an increasing number of homes for sale. Can those financial geniuses in Washington really come up with a foreclosure rescue plan that doesn't do even more damage to what's left of the free market? I wouldn't bet on it.
Can distressed home owners expect a foreclosure rescue plan to save the day? Glad you asked, because the Federal Deposit Insurance Corp has been working on just such a plan, It's is designed to rescue between two and three million homeowners. By the time you read this the plan will probably have hit the street in some form. The key element of the foreclosure rescue plan is to motivate banks to rework real estate loans rather than foreclosing on homes. Your generous government will remove the bank's risk by providing a partial federal guarantee for any losses on all the modified mortgages that meet certain criteria. Remember that $700 billion bailout fund? That's right, the one that passes out a few million to any Wall Street firm that made money losing investments. Well the foreclosure rescue plan would use between $40 billion and $50 billion of that money to underwrite the rescue. Couple this plan with the recent announcement by some of the United States' major banks that they are halting real estate foreclosures and reworking many mortgage loans. All this should halt the slide in real estate values, right? Maybe not… Douglas Elmendorf is a real smart guy and former Clinton advisor. Good old Doug says, "Even an ambitious program of mortgage modifications will not prevent a further decline in house prices." "It might prevent an overshooting of house prices on the downside. But houses still look overvalued relative to people's rents or incomes, and it's going to be very difficult to sustain house prices at their current level." History has shown that any market must have a complete correction before it can begin moving to the up side, so it should come as no surprise that any attempt to keep home values artificially high will just postpone the inevitable and delay the eventual recovery. The bad news is that foreclosure sales have continued to drive price declines and fueled an increase in sale transactions in key local markets across the nation and there is no sure end of foreclosures in sight. The Federal Reserve reports that the nation's troubled economy has scared the pants off of foreign and domestic banks. They further tightened access to mortgage credit recently. A survey of 55 domestic and 21 foreign banks indicated that the large majority of domestic banks reported tightening their lending standards on prime, nontraditional and subprime residential mortgages over the past three months. Lending standards have even increased on prime mortgage loans. When it comes to prime mortgages about 70% of the banks tightened lending requirements. It should be no surprise that 90% of the banks tightened the screws on nontraditional mortgages. Tighter lending standards generally lead to reduced borrowing, which explains why 50 percent of domestic lenders experienced weaker demand for prime residential mortgages. 70% even indicated weaker demand for nontraditional mortgage loans and jumbo loan products. While lenders have been making it more difficult for potential home buyers to qualify for mortgage financing interest rates have been inching up. That's a double whammy for home prices. If people can't afford or qualify for a mortgage they can't buy a home. The final result is fewer buyers for an increasing number of homes for sale. Can those financial geniuses in Washington really come up with a foreclosure rescue plan that doesn't do even more damage to what's left of the free market? I wouldn't bet on it.
Ignore the Fear and Loathing in the Real Estate Market
Ignore the Fear and Loathing in the Real Estate Market
A famous quote by Theodore Roosevelt is a good one to look to in times like today. "In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing". It is overwhelming right now...everyone is talking about the pain in the market. The stock market is so unpredictable. One day it's down to the lowest low in years, and then the next day it's back up. Who can trust it? The banks in Canada are pulling some of their most popular mortgage and financing programs because they aren't lending as much money and don't need the creative programs anymore. The media is full of bad news stories... housing sales are down, foreclosures are up, there is no money and we are doomed! It is very hard to ignore. But, you should ignore it. Remember, real estate investing is all about finding a good deal. You can find good deals in any market, but it is actually easier to find good deals when nobody else is looking. And right about now...nobody else is looking! Take a moment to get clear on what you want to achieve, then get out there and find good properties that meet your objectives. You will be glad that you did. About 7 years ago my wife and I started our real estate investing partnership. Our first purchase together was a duplex in foreclosure. The building was only 11 years old at the time and had potential for great cash flow (it was near schools, transportation, a lake and shopping and services which would make it an attractive place for renters). The market where we bought had crashed and this property had been listed for sale on and off for over 15 months. The price had dropped from $199,000 to $179,000 to $169,000 and then went into foreclosure. We ended up getting the property for $159,000 and within 12 months, had a nice positive cashflow of $300 per month. Since then, the rental rates have almost doubled, and while the value has more than doubled, it's always been about the cash-flow. We timed the market well, but we weren't sophisticated enough to do that on purpose. Our goal was to get a solid property that would generate money each month. If it had gone down in value, it would not really matter because we would still be collecting the rent and paying down the mortgage with the rent. It has been one of the best purchases we've made and we are grateful we have it. Our objectives in real estate investing have changed a bit since then, but we are still looking for good deals. While we look for strong market indicators (future job growth, stable government, population growth, investments in transportation), we don't look to buy into a market. We look to get into a deal. Stay true to your objectives and search for the deal, don't try to time the market. Are you sitting on the sidelines doing nothing right now? Remember...the worst thing you can do is nothing, so ignore the fear and the loathing and take action on your objectives.
A famous quote by Theodore Roosevelt is a good one to look to in times like today. "In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing". It is overwhelming right now...everyone is talking about the pain in the market. The stock market is so unpredictable. One day it's down to the lowest low in years, and then the next day it's back up. Who can trust it? The banks in Canada are pulling some of their most popular mortgage and financing programs because they aren't lending as much money and don't need the creative programs anymore. The media is full of bad news stories... housing sales are down, foreclosures are up, there is no money and we are doomed! It is very hard to ignore. But, you should ignore it. Remember, real estate investing is all about finding a good deal. You can find good deals in any market, but it is actually easier to find good deals when nobody else is looking. And right about now...nobody else is looking! Take a moment to get clear on what you want to achieve, then get out there and find good properties that meet your objectives. You will be glad that you did. About 7 years ago my wife and I started our real estate investing partnership. Our first purchase together was a duplex in foreclosure. The building was only 11 years old at the time and had potential for great cash flow (it was near schools, transportation, a lake and shopping and services which would make it an attractive place for renters). The market where we bought had crashed and this property had been listed for sale on and off for over 15 months. The price had dropped from $199,000 to $179,000 to $169,000 and then went into foreclosure. We ended up getting the property for $159,000 and within 12 months, had a nice positive cashflow of $300 per month. Since then, the rental rates have almost doubled, and while the value has more than doubled, it's always been about the cash-flow. We timed the market well, but we weren't sophisticated enough to do that on purpose. Our goal was to get a solid property that would generate money each month. If it had gone down in value, it would not really matter because we would still be collecting the rent and paying down the mortgage with the rent. It has been one of the best purchases we've made and we are grateful we have it. Our objectives in real estate investing have changed a bit since then, but we are still looking for good deals. While we look for strong market indicators (future job growth, stable government, population growth, investments in transportation), we don't look to buy into a market. We look to get into a deal. Stay true to your objectives and search for the deal, don't try to time the market. Are you sitting on the sidelines doing nothing right now? Remember...the worst thing you can do is nothing, so ignore the fear and the loathing and take action on your objectives.
Greece - The New World For Real Estate
Greece - The New World For Real Estate
Greece has recently emerged to be the latest real estate giant in Europe. Opportunities abound in this country at present, and many businessmen are flocking to Greece to venture into real estate investments. Greece is now recognized to be one of the top improving property markets in Europe. This is in view of the fact that overseas investors are principally trying to acquire real estate properties in the country. Greece currently has a large number of foreign nationals. Some are merely tourists while others are big time investors. The volume of these potential investors seems to be increasing day by day. Business visionaries are fascinated with the notion of taking real-estate business one step further. They are buying property in Greece for business purposes. Holiday homes for rent are one of the hot investment opportunities in this country. Holiday Homes Holiday homes are viewed as a valuable investment assuring lucrative returns in the long term. For most travelers, renting a holiday home in Greece is cheaper than staying in a hotel over a period of time. Holiday homes also have better domestic ambiance than a hotel room. Properties available There are a lot of properties available in the Greece real estate market, and the average Greek property prices are: - New 1 bedroom apartment from €50,000 to €150,000; - New 2 bedroom apartment from €100,000 to €300,000; and - renovated property from €50,000 to €300,000 plus. All are for the convenience of enthusiastic travelers. Greece has a lot more to offer aside from holiday homes. These include Commercial properties such as retail enterprises and office buildings. More so, Greece is likewise an assenting tourist haven. It is because of its fine climate, stunning sceneries and relaxed approach to life. Aside from this, its cuisine is highly regarded across the globe. Moussaka, feta cheese, and dolmades are best examples. More importantly, Greece's cost of living is 40% lower than the UK. The island of Crete in Greece has also evolved into a profitable place for resort development. Plenty of islands, which are ideal for resorts, can also be found predominantly in the western end around Chania. Vacation resorts or second homes in the islands of Greece such as Kos, Rhodes, Andros, and Samnos are available. The most renown is the island of Corfu On the western side of Greece in the Ionion Sea. For international travelers, This Island is one of Greece's most visited locations. A number of resorts with units for sale and rent and plenty of individual homes are also offered. This makes Crete quite popular for holiday travelers. As a result, popular vacation spots have likewise become prime real estate investment locations in Crete. This is why several people aspire to take pleasure in the beauty of this country. In effect, they are purchasing holiday homes. Word of Caution However, real estate property investments in Greece have become a trend of sorts. This means buyers and investors must also bear in mind that investing in any overseas real estate property requires sufficient planning. The factors to consider include: - the market situation; - the best locations to invest in; - when to buy; and - what type of property to buy (low-priced single-family homes are harder to find in the well-developed city of Athens than in other cities especially like Larissa). Buyers and investors must also find help or assistance from local real estate agents. In this manner, they will be accustomed to the realities of the property market. They better consult English-speaking lawyers specializing in property sales and overseas holiday homes.
Greece has recently emerged to be the latest real estate giant in Europe. Opportunities abound in this country at present, and many businessmen are flocking to Greece to venture into real estate investments. Greece is now recognized to be one of the top improving property markets in Europe. This is in view of the fact that overseas investors are principally trying to acquire real estate properties in the country. Greece currently has a large number of foreign nationals. Some are merely tourists while others are big time investors. The volume of these potential investors seems to be increasing day by day. Business visionaries are fascinated with the notion of taking real-estate business one step further. They are buying property in Greece for business purposes. Holiday homes for rent are one of the hot investment opportunities in this country. Holiday Homes Holiday homes are viewed as a valuable investment assuring lucrative returns in the long term. For most travelers, renting a holiday home in Greece is cheaper than staying in a hotel over a period of time. Holiday homes also have better domestic ambiance than a hotel room. Properties available There are a lot of properties available in the Greece real estate market, and the average Greek property prices are: - New 1 bedroom apartment from €50,000 to €150,000; - New 2 bedroom apartment from €100,000 to €300,000; and - renovated property from €50,000 to €300,000 plus. All are for the convenience of enthusiastic travelers. Greece has a lot more to offer aside from holiday homes. These include Commercial properties such as retail enterprises and office buildings. More so, Greece is likewise an assenting tourist haven. It is because of its fine climate, stunning sceneries and relaxed approach to life. Aside from this, its cuisine is highly regarded across the globe. Moussaka, feta cheese, and dolmades are best examples. More importantly, Greece's cost of living is 40% lower than the UK. The island of Crete in Greece has also evolved into a profitable place for resort development. Plenty of islands, which are ideal for resorts, can also be found predominantly in the western end around Chania. Vacation resorts or second homes in the islands of Greece such as Kos, Rhodes, Andros, and Samnos are available. The most renown is the island of Corfu On the western side of Greece in the Ionion Sea. For international travelers, This Island is one of Greece's most visited locations. A number of resorts with units for sale and rent and plenty of individual homes are also offered. This makes Crete quite popular for holiday travelers. As a result, popular vacation spots have likewise become prime real estate investment locations in Crete. This is why several people aspire to take pleasure in the beauty of this country. In effect, they are purchasing holiday homes. Word of Caution However, real estate property investments in Greece have become a trend of sorts. This means buyers and investors must also bear in mind that investing in any overseas real estate property requires sufficient planning. The factors to consider include: - the market situation; - the best locations to invest in; - when to buy; and - what type of property to buy (low-priced single-family homes are harder to find in the well-developed city of Athens than in other cities especially like Larissa). Buyers and investors must also find help or assistance from local real estate agents. In this manner, they will be accustomed to the realities of the property market. They better consult English-speaking lawyers specializing in property sales and overseas holiday homes.
วันจันทร์ที่ 17 พฤศจิกายน พ.ศ. 2551
Marketing techniques for Real Estate Agents
Marketing techniques for Real Estate Agents
With cut throat competition in almost any profession, you need to have the upper hand in order to succeed. Yes, Real Estate was one of the most lucrative business options until a few years ago. Not that it has become any less lucrative now, but there are Real Estate professionals joining the bandwagon by the dozen everyday. You might be amazed to know that there are millions of Real Estate professionals in the United States alone. Now, for you to get business when there is so much competition around is not easy at all. You need to give the customer a genuine enough reason for him to choose you over your competitors. Why should he hire your services? What do you offer that the others do not? This is where marketing skills come into the picture. Yes, if you know how to market your skills the right way, you will succeed in no time at all. Read on to find out the best marketing secrets for Real Estate professionals.
The Internet: -
The internet is an extremely powerful global presence which needs to be tapped into. Yes, marketing on the internet has reached astounding levels and you need to have a professional looking web presence to utilize it. Consider this website on the internet as a billboard that advertises your skills to the whole world. Considering that it does this 24x7, you might as well spend a decent amount on the website. Real estate web presence is recommended today and will be mandatory tomorrow for a realtor to succeed in the business. There are many tools which can be added to the website to maximize its potential and create a brand out of your name.
Tools: -
Blogging has brought a new level of interactivity to marketing. Almost any service professional looking to market his or her skills online will create blogs online. You too need to do this. Create blogs with information about Real Estate that you have and leave the address of your website at the end. When potential customers will find this blog of yours, they will consider using your services. Remember, the blog and the website go hand in hand in getting you the business. So you cannot deny even one of them. There are several other tools that can be used to get more business. Newsletters are one of them. You need to understand that not every visitor to your website will be a customer. He may or may not hire your services in the 1st visit. So you need to give him something to remember you by and that something better be good. It can be a free gift if he signs up for your newsletter which gives him wonderful Real Estate information free of cost. Believe me, the world loves freebies.
Combining forces: -
Now that we have been talking so much about online marketing, you also need to remember that good old marketing skills like PR, direct marketing etc still hold good. Indulge in some direct marketing to see what’s working for you and what isn’t. When you combine the forces of internet marketing along with direct marketing, you will have great results.
With cut throat competition in almost any profession, you need to have the upper hand in order to succeed. Yes, Real Estate was one of the most lucrative business options until a few years ago. Not that it has become any less lucrative now, but there are Real Estate professionals joining the bandwagon by the dozen everyday. You might be amazed to know that there are millions of Real Estate professionals in the United States alone. Now, for you to get business when there is so much competition around is not easy at all. You need to give the customer a genuine enough reason for him to choose you over your competitors. Why should he hire your services? What do you offer that the others do not? This is where marketing skills come into the picture. Yes, if you know how to market your skills the right way, you will succeed in no time at all. Read on to find out the best marketing secrets for Real Estate professionals.
The Internet: -
The internet is an extremely powerful global presence which needs to be tapped into. Yes, marketing on the internet has reached astounding levels and you need to have a professional looking web presence to utilize it. Consider this website on the internet as a billboard that advertises your skills to the whole world. Considering that it does this 24x7, you might as well spend a decent amount on the website. Real estate web presence is recommended today and will be mandatory tomorrow for a realtor to succeed in the business. There are many tools which can be added to the website to maximize its potential and create a brand out of your name.
Tools: -
Blogging has brought a new level of interactivity to marketing. Almost any service professional looking to market his or her skills online will create blogs online. You too need to do this. Create blogs with information about Real Estate that you have and leave the address of your website at the end. When potential customers will find this blog of yours, they will consider using your services. Remember, the blog and the website go hand in hand in getting you the business. So you cannot deny even one of them. There are several other tools that can be used to get more business. Newsletters are one of them. You need to understand that not every visitor to your website will be a customer. He may or may not hire your services in the 1st visit. So you need to give him something to remember you by and that something better be good. It can be a free gift if he signs up for your newsletter which gives him wonderful Real Estate information free of cost. Believe me, the world loves freebies.
Combining forces: -
Now that we have been talking so much about online marketing, you also need to remember that good old marketing skills like PR, direct marketing etc still hold good. Indulge in some direct marketing to see what’s working for you and what isn’t. When you combine the forces of internet marketing along with direct marketing, you will have great results.
For Both Search Engines And Real Estate, Location Is Everyth
For Both Search Engines And Real Estate, Location Is Everyth
It's all about location, location, location!
In the past...back in the days when Google was IT when it came tonatural search results...everyone was very focused (or shall wesay obsessed?) on Google page rank.
Now that Google is a public company and the search business has become competitive (most notably due to the serious search capabilities now being offered by Yahoo and Microsoft, via MSN), Google has become much more "private" or secretive about things like page rank, backlinks, etc.
As a matter of fact, many are of the opinion that Google is nowintentionally displaying outdated page rank and backlinkinformation on the Google Toolbar in an effort to mask the trueworkings of Google and to frustrate the Search Engine Optimization (SEO) community, which had become fairly skillful at"playing the Google game". If this is the case, then Google page rank fixation is now pure folly.
Another factor that is closely watched by webmasters is the Alexa traffic rank. This traffic rank is based on three months of aggregated historical traffic data from millions of Alexa Toolbar users.
However, the Alexa user base is only a sample of the Internet population, and sites with relatively low traffic will not be accurately ranked by Alexa due to the statistical limitations of the sample.
Alexa's data come from a large sample of several million Alexa Toolbar users; however, this is not large enough to accurately determine the rankings of sites with fewer than roughly 1,000 total monthly visitors.
Generally speaking, traffic rankings of over 100,000 should be regarded as not reliable because the amount of data that Alexahas available is not statistically significant.
Who said the emperor is wearing no clothes?
With the questionable current accuracy of two of the hallowed benchmarks of search popularity, where does that leave us? Itleaves us exactly where we should have been in the first place,not obsessing over Google Page Rank or Alexa Traffic Rank, butinstead focusing on the most important thing of all...and that is, what is your position in the listings when a person searches for your key words.
It's all about location, location, location!
In the past...back in the days when Google was IT when it came tonatural search results...everyone was very focused (or shall wesay obsessed?) on Google page rank.
Now that Google is a public company and the search business has become competitive (most notably due to the serious search capabilities now being offered by Yahoo and Microsoft, via MSN), Google has become much more "private" or secretive about things like page rank, backlinks, etc.
As a matter of fact, many are of the opinion that Google is nowintentionally displaying outdated page rank and backlinkinformation on the Google Toolbar in an effort to mask the trueworkings of Google and to frustrate the Search Engine Optimization (SEO) community, which had become fairly skillful at"playing the Google game". If this is the case, then Google page rank fixation is now pure folly.
Another factor that is closely watched by webmasters is the Alexa traffic rank. This traffic rank is based on three months of aggregated historical traffic data from millions of Alexa Toolbar users.
However, the Alexa user base is only a sample of the Internet population, and sites with relatively low traffic will not be accurately ranked by Alexa due to the statistical limitations of the sample.
Alexa's data come from a large sample of several million Alexa Toolbar users; however, this is not large enough to accurately determine the rankings of sites with fewer than roughly 1,000 total monthly visitors.
Generally speaking, traffic rankings of over 100,000 should be regarded as not reliable because the amount of data that Alexahas available is not statistically significant.
Who said the emperor is wearing no clothes?
With the questionable current accuracy of two of the hallowed benchmarks of search popularity, where does that leave us? Itleaves us exactly where we should have been in the first place,not obsessing over Google Page Rank or Alexa Traffic Rank, butinstead focusing on the most important thing of all...and that is, what is your position in the listings when a person searches for your key words.
Alberta Oil Sands - Defining Investment Real Estate
Alberta Oil Sands - Defining Investment Real Estate
Unfortunately many people get into real estate investing only to back out when they realize that they are not going to get rich as quickly as they dreamt of. Not knowing how or where to invest are basic yet fundamental problems that beginners face. The Alberta oil sands in Canada offer the perfect investment area.
Real estate is well known as a solid asset class and thus it attracts many savvy and not so savvy investors. For “newbies” the benefit of investing with the guidance of a real estate investment expert is crucial to meeting investment goals. Having a mentor who will help you see the pitfalls of investing and advise you in situations where they have valuable experience is an important aspect of building a profitable portfolio. The majority of new investors fail by employing unproven techniques that may not be suitable for their market or their goals. Proven systems are virtually unbeatable with the guidance of a real estate pro who has been there and done that in your specific market. The first steps to success are finding someone in your area to mentor you and following a system that has helped other investors accomplish what you want to do in your market.
Once you have the mentor and system in place, target your investment area and begin narrowing down the property choices to find the best deal. Canada is a stable, developed country with an abundance of natural resources and is a strong, consistent favorite with investors from all over the world.
The province of Alberta is oil rich and one of its biggest cities, Edmonton, has seen billions of dollars of investment over the last few years. One of the major reasons for such incredible investment into Edmonton is the city’s proximity to the Alberta Oil Sands.
Oil Sands are deposits of bitumen, molasses-like highly viscous oil that must be heated or diluted with lighter hydrocarbons. They are contained in three major areas beneath 141,000 square kilometers in northeastern Alberta - an area larger than the state of Florida and twice the size of New Brunswick.
However, only about two per cent of the initial established resource has been produced to date. This is very attractive to investors as the Alberta government encourages the development of its extensive resources to ensure a competitive and economically sound region. A total of $14 billion industry investment in Alberta oil sands was invested in 2006 alone. Over the last four fiscal years, from 2003 to 2007, oil sands development returned $4.276 billion to Albertans in the form of royalties paid to the provincial government.
Reasons to invest in Edmonton, Alberta:
- Alberta oil sands are the second largest oil deposit in the world. There have been billions of dollars invested in the Edmonton area and with over $100 billion in projects scheduled over the next 20 years.
- The conference board of Canada has forecasted that Edmonton will continue to lead western Canada in gross domestic product (GDP) growth.
- With $10 billion in refineries under development, there is a major surge in economic spin-offs.
- The Edmonton area (as well as the province of Alberta) is completely debt free and has extra money to invest in major infrastructure and educational projects. Over $80 billion dollars of development projects have already been confirmed for the province of Alberta.
- Edmonton’s Anthony Henday ring road is a major factor for the increase in property values to all areas around the highway. Its effect on the city’s transportation flow will reduce commute times and improve the strain that large population growth has put on the area.
- China, India and the USA are already investing in the Alberta oilsands projects and rely on the energy output created.
Unfortunately many people get into real estate investing only to back out when they realize that they are not going to get rich as quickly as they dreamt of. Not knowing how or where to invest are basic yet fundamental problems that beginners face. The Alberta oil sands in Canada offer the perfect investment area.
Real estate is well known as a solid asset class and thus it attracts many savvy and not so savvy investors. For “newbies” the benefit of investing with the guidance of a real estate investment expert is crucial to meeting investment goals. Having a mentor who will help you see the pitfalls of investing and advise you in situations where they have valuable experience is an important aspect of building a profitable portfolio. The majority of new investors fail by employing unproven techniques that may not be suitable for their market or their goals. Proven systems are virtually unbeatable with the guidance of a real estate pro who has been there and done that in your specific market. The first steps to success are finding someone in your area to mentor you and following a system that has helped other investors accomplish what you want to do in your market.
Once you have the mentor and system in place, target your investment area and begin narrowing down the property choices to find the best deal. Canada is a stable, developed country with an abundance of natural resources and is a strong, consistent favorite with investors from all over the world.
The province of Alberta is oil rich and one of its biggest cities, Edmonton, has seen billions of dollars of investment over the last few years. One of the major reasons for such incredible investment into Edmonton is the city’s proximity to the Alberta Oil Sands.
Oil Sands are deposits of bitumen, molasses-like highly viscous oil that must be heated or diluted with lighter hydrocarbons. They are contained in three major areas beneath 141,000 square kilometers in northeastern Alberta - an area larger than the state of Florida and twice the size of New Brunswick.
However, only about two per cent of the initial established resource has been produced to date. This is very attractive to investors as the Alberta government encourages the development of its extensive resources to ensure a competitive and economically sound region. A total of $14 billion industry investment in Alberta oil sands was invested in 2006 alone. Over the last four fiscal years, from 2003 to 2007, oil sands development returned $4.276 billion to Albertans in the form of royalties paid to the provincial government.
Reasons to invest in Edmonton, Alberta:
- Alberta oil sands are the second largest oil deposit in the world. There have been billions of dollars invested in the Edmonton area and with over $100 billion in projects scheduled over the next 20 years.
- The conference board of Canada has forecasted that Edmonton will continue to lead western Canada in gross domestic product (GDP) growth.
- With $10 billion in refineries under development, there is a major surge in economic spin-offs.
- The Edmonton area (as well as the province of Alberta) is completely debt free and has extra money to invest in major infrastructure and educational projects. Over $80 billion dollars of development projects have already been confirmed for the province of Alberta.
- Edmonton’s Anthony Henday ring road is a major factor for the increase in property values to all areas around the highway. Its effect on the city’s transportation flow will reduce commute times and improve the strain that large population growth has put on the area.
- China, India and the USA are already investing in the Alberta oilsands projects and rely on the energy output created.
Dubai economy growing through Real Estate
Dubai economy growing through Real Estate
Dubai is the first country in the United Arab Emirates that ventured away from oil as its main source of income. Today oil contributes only 6% of the nation's GDP. Dubai has steadily and determinedly worked on transforming itself from an oil rich country into an important trade center and business port. It has done several things to attract western investors, both individuals and corporations, to set up shop there. Dubai is also the biggest banking and financial market in that area.
Besides business, Dubai has also worked hard to attract tourists and continues to develop on the theme to provide increasing number of options in terms of accommodations and also activities. There are some truly stunning resorts that have been and are being built in Dubai to attract tourists and business visitors. There are specific zones free zones in the city that have been set up to attract specific industries. Many international conglomerates like IBM, Oracle, CNN, Reuters, and Microsoft have substantial presence in Dubai.
The Real Estate market in Dubai is flourishing due to the efforts of the government to diversify in the tourist and service industry. Huge projects like the Palm Jumerirah and The World are being created on manmade islands and have caught the world's attention even though some of them are still under construction. Inside the city you will find the world's tallest skyscrapers and also Burj Aj-Arab, the world's tallest hotel. The Burj Dubai is currently under construction and once it is finished it will be the tallest building in the whole world. Another project underway covers a new business district and will comprise of 500 skyscrapers.
Dubai's economy reported a 16% growth in 2005. According to the Dubai Department of Economic Development (DED) its estimated worth was around $37 billion back then. It is expected that Dubai's economic growth will surpass that of China, which is considered to be among the fastest growing economies today. China's current growth rate is 8.5% According to the DED Director General Mohammed Ali Alabbar, Dubai's economy is quite sustainable in the long run. He stated that the business friendly government policies will help to keep the economy growing at a steady pace.
Considering that Dubai's economy was only $17 billion in 2000 the accumulated yearly growth of Dubai's economy is the highest in the world for the last decade. Mr. Alabbar also pointed out that this growth was a direct result of the government decision to diversify the economy and move it away from reliance on the oil industry.
In 2005 the non-oil industries in Dubai contributed to nearly 94% of Dubai's GDP. This is the clearest evidence that the government did the right thing by moving away from oil and focusing on other industries like business, tourism, hospitality, and others. For the past few years the economy of Dubai has shown some truly remarkable growth patterns and the continuing focus of the government on making newer policies in the same vein is going to ensure that the growth does not slow down any time soon.
Dubai is the first country in the United Arab Emirates that ventured away from oil as its main source of income. Today oil contributes only 6% of the nation's GDP. Dubai has steadily and determinedly worked on transforming itself from an oil rich country into an important trade center and business port. It has done several things to attract western investors, both individuals and corporations, to set up shop there. Dubai is also the biggest banking and financial market in that area.
Besides business, Dubai has also worked hard to attract tourists and continues to develop on the theme to provide increasing number of options in terms of accommodations and also activities. There are some truly stunning resorts that have been and are being built in Dubai to attract tourists and business visitors. There are specific zones free zones in the city that have been set up to attract specific industries. Many international conglomerates like IBM, Oracle, CNN, Reuters, and Microsoft have substantial presence in Dubai.
The Real Estate market in Dubai is flourishing due to the efforts of the government to diversify in the tourist and service industry. Huge projects like the Palm Jumerirah and The World are being created on manmade islands and have caught the world's attention even though some of them are still under construction. Inside the city you will find the world's tallest skyscrapers and also Burj Aj-Arab, the world's tallest hotel. The Burj Dubai is currently under construction and once it is finished it will be the tallest building in the whole world. Another project underway covers a new business district and will comprise of 500 skyscrapers.
Dubai's economy reported a 16% growth in 2005. According to the Dubai Department of Economic Development (DED) its estimated worth was around $37 billion back then. It is expected that Dubai's economic growth will surpass that of China, which is considered to be among the fastest growing economies today. China's current growth rate is 8.5% According to the DED Director General Mohammed Ali Alabbar, Dubai's economy is quite sustainable in the long run. He stated that the business friendly government policies will help to keep the economy growing at a steady pace.
Considering that Dubai's economy was only $17 billion in 2000 the accumulated yearly growth of Dubai's economy is the highest in the world for the last decade. Mr. Alabbar also pointed out that this growth was a direct result of the government decision to diversify the economy and move it away from reliance on the oil industry.
In 2005 the non-oil industries in Dubai contributed to nearly 94% of Dubai's GDP. This is the clearest evidence that the government did the right thing by moving away from oil and focusing on other industries like business, tourism, hospitality, and others. For the past few years the economy of Dubai has shown some truly remarkable growth patterns and the continuing focus of the government on making newer policies in the same vein is going to ensure that the growth does not slow down any time soon.
Buying Real Estate When It's Not For Sale
Buying Real Estate When It's Not For Sale
Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. You're looking at the same properties as every other investor, of course, so it's not always easy to beat the competition to a great buy.
A better way to find good real estate investments is to look for properties that aren't yet for sale, and make an offer. I bought my first home this way. I put an ad in the paper stating what I was looking for, and soon had a call from an old couple that had been thinking about selling. I bought their place at a good price, and they saved a broker's commission.
Buying investment real estate that isn't for sale starts with a three step search process. First decide what you are looking for. Single family rentals or apartment buildings? Then start looking for properties that fit your criteria. Then contact the owners.
Buying Real Estate From Non-Sellers
Don't limit yourself to "fixer-uppers" or other "problem" properties that seem more likely to have owners willing to sell. Many owners of investment real estate have thought of selling, so you can start with almost any building you like. You never know beforehand if or why a landlord is ready to call it quits. You find out by asking.
Tact is necessary here. Call the owner and tell him you're an investor, not a broker. Let him know that you like what you see. Tell him you can have an offer ready in a week if he's interested. If he's not interested, thank him politely and hang up, but send him your card or a letter. Many investors have bought from owners that changed their minds.
If there is some interest, explain that you are an investor, so your offer will have to be based on your return on investment. This means you'll need to see the books. Specifically, you'll need to see the rent roll, listing the units and what they rent for, plus current occupancy, and operating expenses for the last year.
Have a confidentiality agreement ready before you call. Let the owner know that you'll sign it and deliver it to him before you see the books. He may not want to let the tenants know he's thinking of selling, so inspecting the units may have to wait until you make an offer. Just make an acceptable inspection a contingency in the offer.
Why is buy investment properties this way? No competition and no sales commission means you may get a better price. Also, instead of waiting for that perfect property to be listed for sale, you just find it now. Why wait until it's for sale before buying real estate?
Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. You're looking at the same properties as every other investor, of course, so it's not always easy to beat the competition to a great buy.
A better way to find good real estate investments is to look for properties that aren't yet for sale, and make an offer. I bought my first home this way. I put an ad in the paper stating what I was looking for, and soon had a call from an old couple that had been thinking about selling. I bought their place at a good price, and they saved a broker's commission.
Buying investment real estate that isn't for sale starts with a three step search process. First decide what you are looking for. Single family rentals or apartment buildings? Then start looking for properties that fit your criteria. Then contact the owners.
Buying Real Estate From Non-Sellers
Don't limit yourself to "fixer-uppers" or other "problem" properties that seem more likely to have owners willing to sell. Many owners of investment real estate have thought of selling, so you can start with almost any building you like. You never know beforehand if or why a landlord is ready to call it quits. You find out by asking.
Tact is necessary here. Call the owner and tell him you're an investor, not a broker. Let him know that you like what you see. Tell him you can have an offer ready in a week if he's interested. If he's not interested, thank him politely and hang up, but send him your card or a letter. Many investors have bought from owners that changed their minds.
If there is some interest, explain that you are an investor, so your offer will have to be based on your return on investment. This means you'll need to see the books. Specifically, you'll need to see the rent roll, listing the units and what they rent for, plus current occupancy, and operating expenses for the last year.
Have a confidentiality agreement ready before you call. Let the owner know that you'll sign it and deliver it to him before you see the books. He may not want to let the tenants know he's thinking of selling, so inspecting the units may have to wait until you make an offer. Just make an acceptable inspection a contingency in the offer.
Why is buy investment properties this way? No competition and no sales commission means you may get a better price. Also, instead of waiting for that perfect property to be listed for sale, you just find it now. Why wait until it's for sale before buying real estate?
วันเสาร์ที่ 15 พฤศจิกายน พ.ศ. 2551
Beginners Home Staging Made Easy & Fast In 5 Steps
Beginners Home Staging Made Easy & Fast In 5 Steps
by Tom Squires
If you follow these five steps, you will be well on your way to become a professional Home Stager.
Step #1 Overcoming Fear Get over the fear of staging someone else's home. Are you holding yourself back because deep down you're afraid that you won't always know what changes to make when you're actually staging someone's home? You'll realize that you are making a difference and are really helping the sellers sell their house.
Sellers may already have made repairs, repainted, and cleaned the carpets. But they don't always realize the power of small details.
You as a "Stager" can make all the difference in this market and help the seller sell the home.
Sellers always want to sell their home quickly and for as much money as possible. Home staging has the power to help the seller arrive at their goals and you're helping them do this.
Also, as an added plus, you as a Home Stager are helping the Buyer visualize themselves as living there.
Step#2 Your Designing Objective Always keep in mind that you are "designing to sell," not "designing to live. Home Staging (House Staging, House Fluffing, House Primping) is the art of decorating a home to sell quickly and for top dollar.
Step#3 Making Mistakes Aren't sure how to avoid the common home staging pitfalls? You don't have to worry about making mistakes, because you'll be getting more excellent information from the more experienced who have, through trial and error, learned the common pitfalls and how to avoid them. They will be passing their experience on to you. A well designed and complete check list helps to make sure you've done your job well.
Step#4 Your Worth Understand from the more experienced and get an insight into what your services are worth. This will give you confidence so you will have a solid foundation to grow your real estate staging business.
Step#5 Common Sense and Tip#1 Use your common sense. Just stand at the front door and think like you're the buyer and imagine what they see when they walk inside. Most likely, when they walk in they see that the house is too "cluttered". Therefore, your first task is to remove what is obviously in your way. Repeat this as you go from room to room. When you're done, the path opens up and you can actually see what the rooms (though they are now "uncluttered") really look like. The added benefit of removal of items is that the house packing is getting underway.
When you successfully stage a home what you are really doing is to set the stage for potential buyers to fall in love with it and say "this is the home we want!"
Tip#2 Why Your Are So Needed? You, are the key to getting houses sold because the real estate market is flat. Real estate agents and sellers desperately need your services to speed up the house sale. Instead of taking months and sometimes years to sell, with house staging, prospective buyer are easier and more eager to buy. The result is a quicker house sale.
by Tom Squires
If you follow these five steps, you will be well on your way to become a professional Home Stager.
Step #1 Overcoming Fear Get over the fear of staging someone else's home. Are you holding yourself back because deep down you're afraid that you won't always know what changes to make when you're actually staging someone's home? You'll realize that you are making a difference and are really helping the sellers sell their house.
Sellers may already have made repairs, repainted, and cleaned the carpets. But they don't always realize the power of small details.
You as a "Stager" can make all the difference in this market and help the seller sell the home.
Sellers always want to sell their home quickly and for as much money as possible. Home staging has the power to help the seller arrive at their goals and you're helping them do this.
Also, as an added plus, you as a Home Stager are helping the Buyer visualize themselves as living there.
Step#2 Your Designing Objective Always keep in mind that you are "designing to sell," not "designing to live. Home Staging (House Staging, House Fluffing, House Primping) is the art of decorating a home to sell quickly and for top dollar.
Step#3 Making Mistakes Aren't sure how to avoid the common home staging pitfalls? You don't have to worry about making mistakes, because you'll be getting more excellent information from the more experienced who have, through trial and error, learned the common pitfalls and how to avoid them. They will be passing their experience on to you. A well designed and complete check list helps to make sure you've done your job well.
Step#4 Your Worth Understand from the more experienced and get an insight into what your services are worth. This will give you confidence so you will have a solid foundation to grow your real estate staging business.
Step#5 Common Sense and Tip#1 Use your common sense. Just stand at the front door and think like you're the buyer and imagine what they see when they walk inside. Most likely, when they walk in they see that the house is too "cluttered". Therefore, your first task is to remove what is obviously in your way. Repeat this as you go from room to room. When you're done, the path opens up and you can actually see what the rooms (though they are now "uncluttered") really look like. The added benefit of removal of items is that the house packing is getting underway.
When you successfully stage a home what you are really doing is to set the stage for potential buyers to fall in love with it and say "this is the home we want!"
Tip#2 Why Your Are So Needed? You, are the key to getting houses sold because the real estate market is flat. Real estate agents and sellers desperately need your services to speed up the house sale. Instead of taking months and sometimes years to sell, with house staging, prospective buyer are easier and more eager to buy. The result is a quicker house sale.
When Buying Timeshares, Resale Is The Way To Go When Buying Timeshares, Resale Is The Way To Go
When Buying Timeshares, Resale Is The Way To Go
by Ian Cook
Like so much of the real estate market, the timeshare market has seen a major readjustment in recent years. Increased supply and reduced demand during that time have resulted in prices at ridiculously low levels, spawning a legitimate resale market in the resort and vacation properties industry for the first time in years. This is great news for those wondering how to buy a timeshare at an affordable rate, and Timeshare Liquidators can help. Our extensive listings offer the best buys you'll find anywhere, and our experienced professionals will expose you to amazing properties listed by those looking to sell a timeshare to someone just like you.
Every day, potential buyers browse timeshares on our website and find incredible deals in wonderful vacation destinations around the world. We invite you to do the same, and can't stress enough that the time to buy is now. Often prospective buyers make the mistake of waiting for prices to drop even further instead of taking advantage of the already incredibly reduced prices at their fingertips. The truth is that as inventory shrinks prices will rise once again. In fact it's already happening in many resorts we represent, which means that those who choose to wait will ultimately only outsmart themselves.
If you're ready to buy we hardily encourage you to buy resale. Why? Because resales on timeshares are currently about 50% of the price offered by developers. That said, once you're ready to pull the trigger it's important to ask yourself a few simple questions. First, how do you like to vacation? Do you prefer sunny beaches or ski resorts? Answering these questions will go a long way in determining where you buy. If you like the idea of vacationing in a variety of destinations, consider purchasing a timeshare property based on its trading power within established exchanges systems such as RCI and II. This will allow you to trade for time in incredible resort properties around the world.
If you've always dreamed of owning a timeshare in your favorite vacation spot, the moment has come to act on that dream. By being proactive today you and your family can take advantage of prices that may literally never be this low again. Let the experienced professionals at Timeshare Liquidators introduce you to the finest and most versatile directory of available vacation properties on the market. From Cabo to Lake Tahoe to destinations around the world, we can help you to redefine what a vacation truly means in your eyes.
by Ian Cook
Like so much of the real estate market, the timeshare market has seen a major readjustment in recent years. Increased supply and reduced demand during that time have resulted in prices at ridiculously low levels, spawning a legitimate resale market in the resort and vacation properties industry for the first time in years. This is great news for those wondering how to buy a timeshare at an affordable rate, and Timeshare Liquidators can help. Our extensive listings offer the best buys you'll find anywhere, and our experienced professionals will expose you to amazing properties listed by those looking to sell a timeshare to someone just like you.
Every day, potential buyers browse timeshares on our website and find incredible deals in wonderful vacation destinations around the world. We invite you to do the same, and can't stress enough that the time to buy is now. Often prospective buyers make the mistake of waiting for prices to drop even further instead of taking advantage of the already incredibly reduced prices at their fingertips. The truth is that as inventory shrinks prices will rise once again. In fact it's already happening in many resorts we represent, which means that those who choose to wait will ultimately only outsmart themselves.
If you're ready to buy we hardily encourage you to buy resale. Why? Because resales on timeshares are currently about 50% of the price offered by developers. That said, once you're ready to pull the trigger it's important to ask yourself a few simple questions. First, how do you like to vacation? Do you prefer sunny beaches or ski resorts? Answering these questions will go a long way in determining where you buy. If you like the idea of vacationing in a variety of destinations, consider purchasing a timeshare property based on its trading power within established exchanges systems such as RCI and II. This will allow you to trade for time in incredible resort properties around the world.
If you've always dreamed of owning a timeshare in your favorite vacation spot, the moment has come to act on that dream. By being proactive today you and your family can take advantage of prices that may literally never be this low again. Let the experienced professionals at Timeshare Liquidators introduce you to the finest and most versatile directory of available vacation properties on the market. From Cabo to Lake Tahoe to destinations around the world, we can help you to redefine what a vacation truly means in your eyes.
Florida Palm Beach Real Estate You Can Afford
Florida Palm Beach Real Estate You Can Afford
by John Hubert
Buying and selling real estate anywhere can be an arduous task. Palm beach, Florida is of course no exception.
The town is filled with many beautiful and scenic beach front and water front locations. Knowing exactly where to buy and set up your house and move the family can be confusing. If there are so many beautiful real estate locations to choose from, just which should you choose?
The thing to understand with real estate is that you shouldn't necessarily just go with the property that is the most expensive, or the most scenic, as these sorts of things will often do you no better than leave a great hole in the bank.
Sure, we all want the perfect location that we can just move into for the rest of our lives, but just how feasible is it really to do such a thing? Do we have the money to afford such accommodation? Is the move a short term thing or a long term one?
If you have enough money saved up and are planning to move for a substantial period of time, then of course, by all means, invest in that great property, but just make sure that you can afford it.
The current financial crisis in Florida and the rest of the United States is mainly due to people having foreclosures on their homes. People borrowing money from the bank for that 'ideal beach front location', such as in Palm Beach, and then not having enough money to pay the loan off over the years, and thus not only lose the house, but also become bankrupt as well.
So whilst you may want that ideal real estate location in Palm Beach, we can't all afford it. So put things into perspective, think rationally, and look for a home that is within your budget. You may just be surprised with the quality of a nice home that you can find for a fraction of the price. Just having a house that is a little further away from the beach as opposed to right on the water front can dramatically lower the price of the home, and thus make it affordable.
Always be optimistic about the situation as well. Just think, if you had a beach front property, then it would be more susceptible to erosion over the years. The further you are away from the beach, the less money you pay, on both the initial investment on the house and also on the maintenance over the years.
Know that good quality real estate does exist in Florida, Palm Beach in particular, and know that you can get this real estate for a decent price, especially in the current crisis, if you know where to look.
by John Hubert
Buying and selling real estate anywhere can be an arduous task. Palm beach, Florida is of course no exception.
The town is filled with many beautiful and scenic beach front and water front locations. Knowing exactly where to buy and set up your house and move the family can be confusing. If there are so many beautiful real estate locations to choose from, just which should you choose?
The thing to understand with real estate is that you shouldn't necessarily just go with the property that is the most expensive, or the most scenic, as these sorts of things will often do you no better than leave a great hole in the bank.
Sure, we all want the perfect location that we can just move into for the rest of our lives, but just how feasible is it really to do such a thing? Do we have the money to afford such accommodation? Is the move a short term thing or a long term one?
If you have enough money saved up and are planning to move for a substantial period of time, then of course, by all means, invest in that great property, but just make sure that you can afford it.
The current financial crisis in Florida and the rest of the United States is mainly due to people having foreclosures on their homes. People borrowing money from the bank for that 'ideal beach front location', such as in Palm Beach, and then not having enough money to pay the loan off over the years, and thus not only lose the house, but also become bankrupt as well.
So whilst you may want that ideal real estate location in Palm Beach, we can't all afford it. So put things into perspective, think rationally, and look for a home that is within your budget. You may just be surprised with the quality of a nice home that you can find for a fraction of the price. Just having a house that is a little further away from the beach as opposed to right on the water front can dramatically lower the price of the home, and thus make it affordable.
Always be optimistic about the situation as well. Just think, if you had a beach front property, then it would be more susceptible to erosion over the years. The further you are away from the beach, the less money you pay, on both the initial investment on the house and also on the maintenance over the years.
Know that good quality real estate does exist in Florida, Palm Beach in particular, and know that you can get this real estate for a decent price, especially in the current crisis, if you know where to look.
Ignore the Fear and Loathing in the Real Estate Market
Ignore the Fear and Loathing in the Real Estate Market
by Dave Peniu
A famous quote by Theodore Roosevelt is a good one to look to in times like today. "In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing".
It is overwhelming right now...everyone is talking about the pain in the market. The stock market is so unpredictable. One day it's down to the lowest low in years, and then the next day it's back up. Who can trust it? The banks in Canada are pulling some of their most popular mortgage and financing programs because they aren't lending as much money and don't need the creative programs anymore. The media is full of bad news stories... housing sales are down, foreclosures are up, there is no money and we are doomed! It is very hard to ignore. But, you should ignore it.
Remember, real estate investing is all about finding a good deal. You can find good deals in any market, but it is actually easier to find good deals when nobody else is looking. And right about now...nobody else is looking! Take a moment to get clear on what you want to achieve, then get out there and find good properties that meet your objectives. You will be glad that you did.
About 7 years ago my wife and I started our real estate investing partnership. Our first purchase together was a duplex in foreclosure. The building was only 11 years old at the time and had potential for great cash flow (it was near schools, transportation, a lake and shopping and services which would make it an attractive place for renters). The market where we bought had crashed and this property had been listed for sale on and off for over 15 months. The price had dropped from $199,000 to $179,000 to $169,000 and then went into foreclosure.
We ended up getting the property for $159,000 and within 12 months, had a nice positive cashflow of $300 per month. Since then, the rental rates have almost doubled, and while the value has more than doubled, it's always been about the cash-flow. We timed the market well, but we weren't sophisticated enough to do that on purpose. Our goal was to get a solid property that would generate money each month. If it had gone down in value, it would not really matter because we would still be collecting the rent and paying down the mortgage with the rent.
It has been one of the best purchases we've made and we are grateful we have it. Our objectives in real estate investing have changed a bit since then, but we are still looking for good deals. While we look for strong market indicators (future job growth, stable government, population growth, investments in transportation), we don't look to buy into a market. We look to get into a deal. Stay true to your objectives and search for the deal, don't try to time the market.
Are you sitting on the sidelines doing nothing right now? Remember...the worst thing you can do is nothing, so ignore the fear and the loathing and take action on your objectives.
by Dave Peniu
A famous quote by Theodore Roosevelt is a good one to look to in times like today. "In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing".
It is overwhelming right now...everyone is talking about the pain in the market. The stock market is so unpredictable. One day it's down to the lowest low in years, and then the next day it's back up. Who can trust it? The banks in Canada are pulling some of their most popular mortgage and financing programs because they aren't lending as much money and don't need the creative programs anymore. The media is full of bad news stories... housing sales are down, foreclosures are up, there is no money and we are doomed! It is very hard to ignore. But, you should ignore it.
Remember, real estate investing is all about finding a good deal. You can find good deals in any market, but it is actually easier to find good deals when nobody else is looking. And right about now...nobody else is looking! Take a moment to get clear on what you want to achieve, then get out there and find good properties that meet your objectives. You will be glad that you did.
About 7 years ago my wife and I started our real estate investing partnership. Our first purchase together was a duplex in foreclosure. The building was only 11 years old at the time and had potential for great cash flow (it was near schools, transportation, a lake and shopping and services which would make it an attractive place for renters). The market where we bought had crashed and this property had been listed for sale on and off for over 15 months. The price had dropped from $199,000 to $179,000 to $169,000 and then went into foreclosure.
We ended up getting the property for $159,000 and within 12 months, had a nice positive cashflow of $300 per month. Since then, the rental rates have almost doubled, and while the value has more than doubled, it's always been about the cash-flow. We timed the market well, but we weren't sophisticated enough to do that on purpose. Our goal was to get a solid property that would generate money each month. If it had gone down in value, it would not really matter because we would still be collecting the rent and paying down the mortgage with the rent.
It has been one of the best purchases we've made and we are grateful we have it. Our objectives in real estate investing have changed a bit since then, but we are still looking for good deals. While we look for strong market indicators (future job growth, stable government, population growth, investments in transportation), we don't look to buy into a market. We look to get into a deal. Stay true to your objectives and search for the deal, don't try to time the market.
Are you sitting on the sidelines doing nothing right now? Remember...the worst thing you can do is nothing, so ignore the fear and the loathing and take action on your objectives.
Property and Jodhpur real estate dealer
Property and Jodhpur real estate dealer
by vijayraj
Balaji Properties, As commission agent, we have a vast portfolio to offer. Buy property. Sell Property. Lease property. For both office and homes, a large number of quality listings in the preferred areas of Pal road, jodhpur Kheteshwar nagar, vaishali township, anand vihar, roop rajat township, mahaveer vatika, shanti villa, Rameshwar nagar, bajrang vihar and more other prime location of jodhpur.
We give you detailed info on Jodhpur property market and list the leading real estate agents in Jodhpur for your reference.
Builders like Parsvnath, Ansal API, Vaishali Builders, Rooprajat Builders, Aayushi Builders many more are developing major residential and commercial property in Jodhpur. With the positive growth of the market, the property prices in Jodhpur are bound to rise further and thus fetch high capital returns for any property investment in Jodhpur. As the lifestyle of people is changing with increased per capital income across the nation, there is clear uplift of the upcoming Jodhpur commercial and residential properties.
Balaji properties involves in Real Estate Property Dealing for Buying Property, Selling Property, Investing in India, Rental Properties for Sale, Joint Ventures, Collaborations. Specialists in Expatriate housing. Commercial property - long term, short term, buys & sells. Homes, offices, shops, residential, Commercial, Land, Development projects, Retail shops in flourishing markets, Investments, Schools, Colleges, Plantations, Hotels, New homes. Fast find suitable property at right price. Buy home in Jodhpur. Sell property through us. Office Lease, Large spaces Commercial property rentals, Buy property, Representational Residences, houses. We help you to quickly locate good quality real estate - Residence, Home, Apartment or an office, Industrial land, Buy land around Jodhpur.
by vijayraj
Balaji Properties, As commission agent, we have a vast portfolio to offer. Buy property. Sell Property. Lease property. For both office and homes, a large number of quality listings in the preferred areas of Pal road, jodhpur Kheteshwar nagar, vaishali township, anand vihar, roop rajat township, mahaveer vatika, shanti villa, Rameshwar nagar, bajrang vihar and more other prime location of jodhpur.
We give you detailed info on Jodhpur property market and list the leading real estate agents in Jodhpur for your reference.
Builders like Parsvnath, Ansal API, Vaishali Builders, Rooprajat Builders, Aayushi Builders many more are developing major residential and commercial property in Jodhpur. With the positive growth of the market, the property prices in Jodhpur are bound to rise further and thus fetch high capital returns for any property investment in Jodhpur. As the lifestyle of people is changing with increased per capital income across the nation, there is clear uplift of the upcoming Jodhpur commercial and residential properties.
Balaji properties involves in Real Estate Property Dealing for Buying Property, Selling Property, Investing in India, Rental Properties for Sale, Joint Ventures, Collaborations. Specialists in Expatriate housing. Commercial property - long term, short term, buys & sells. Homes, offices, shops, residential, Commercial, Land, Development projects, Retail shops in flourishing markets, Investments, Schools, Colleges, Plantations, Hotels, New homes. Fast find suitable property at right price. Buy home in Jodhpur. Sell property through us. Office Lease, Large spaces Commercial property rentals, Buy property, Representational Residences, houses. We help you to quickly locate good quality real estate - Residence, Home, Apartment or an office, Industrial land, Buy land around Jodhpur.
วันศุกร์ที่ 14 พฤศจิกายน พ.ศ. 2551
Write about Real Estate for Money
Write about Real Estate for Money
By: Ed Kirkland
If you like real estate and writing, consider using it to build an income stream for yourself. You will probably not get rich, but you might make a respectable bit of money over time.
1. Start a website and put ads on it.
This requires a bit of Web savvy, but with today's web site creation software, not much. If you start with a plain, easy-to-navigate template, you can build it up into something accessible for the common man with a minimum of effort.
Then, go get yourself some ads. Google Adsense is a very popular format, which can be tweaked to jive with your website's color scheme. There are other ad sellers out there; find ones that you like and who like you and your site. Many require that you have a Paypal account or give up your real name and address to send you checks.
2. Start a blog about real estate and put ads on it
A blog is dynamic; it provides you with an easy interface to your readers and many come with easy-to-use software. You can put a blog on your website or start one on a blogging site like blogger.com. A blog that provides quality, original content is most likely to be popular and acquire regular readers.
Ads can come from many different sources. Google Adsense is one of the most popular, but there are many other companies that you can submit your blog to. Usually, if someone uses your blog as a portal to the ad, you can earn anywhere from a few cents to a few dollars.
3. Freelance write about real estate
If you have the knowledge and writing skill, freelance writing might be the income earner for you. There are blogs, newspapers, magazines and other publications that are looking for people who can write about real estate... if you are passionate and can convey your passion with the typed word, you could be setting yourself up for a lucrative career or part-time moneymaker.
4. Contract out as a Virtual Assistant to a real estate-related business or individual
Virtual Assistants (VAs) are a growing demographic. They basically do anything and everything for their employer that doesn't need their corporeal presence. You could design websites, write articles, do research... it's whatever works for you and your boss.
5. Write a book
These days, people are eagerly snapping up the next real estate bible. You could market an e-book or go for the publishing world. A good resource is the yearly Writer's Market, which lists thousands of publishing markets for your manuscript. This is not a project to undertake to make money! Some people write for years before getting a book published; others never will see their manuscript in print. However, there are also those out there who have seen a decent return on the time they invest in their writing. Plus, the time you spend writing is never wasted for a writer. You will gain in writing skill and learn a lot about the book industry in general.
By: Ed Kirkland
If you like real estate and writing, consider using it to build an income stream for yourself. You will probably not get rich, but you might make a respectable bit of money over time.
1. Start a website and put ads on it.
This requires a bit of Web savvy, but with today's web site creation software, not much. If you start with a plain, easy-to-navigate template, you can build it up into something accessible for the common man with a minimum of effort.
Then, go get yourself some ads. Google Adsense is a very popular format, which can be tweaked to jive with your website's color scheme. There are other ad sellers out there; find ones that you like and who like you and your site. Many require that you have a Paypal account or give up your real name and address to send you checks.
2. Start a blog about real estate and put ads on it
A blog is dynamic; it provides you with an easy interface to your readers and many come with easy-to-use software. You can put a blog on your website or start one on a blogging site like blogger.com. A blog that provides quality, original content is most likely to be popular and acquire regular readers.
Ads can come from many different sources. Google Adsense is one of the most popular, but there are many other companies that you can submit your blog to. Usually, if someone uses your blog as a portal to the ad, you can earn anywhere from a few cents to a few dollars.
3. Freelance write about real estate
If you have the knowledge and writing skill, freelance writing might be the income earner for you. There are blogs, newspapers, magazines and other publications that are looking for people who can write about real estate... if you are passionate and can convey your passion with the typed word, you could be setting yourself up for a lucrative career or part-time moneymaker.
4. Contract out as a Virtual Assistant to a real estate-related business or individual
Virtual Assistants (VAs) are a growing demographic. They basically do anything and everything for their employer that doesn't need their corporeal presence. You could design websites, write articles, do research... it's whatever works for you and your boss.
5. Write a book
These days, people are eagerly snapping up the next real estate bible. You could market an e-book or go for the publishing world. A good resource is the yearly Writer's Market, which lists thousands of publishing markets for your manuscript. This is not a project to undertake to make money! Some people write for years before getting a book published; others never will see their manuscript in print. However, there are also those out there who have seen a decent return on the time they invest in their writing. Plus, the time you spend writing is never wasted for a writer. You will gain in writing skill and learn a lot about the book industry in general.
Learning the ways to Invest in Real Estate?
Learning the ways to Invest in Real Estate?
By: kenfong
Are there many benefits to investing in Real Estate? You bet there are!
Your plunge in Real Estate can give you a monthly cash flow or at least be paid for by your tenants. You may gain some tax saving and the property can possibly increase its value.
You are free to select the type of property, locale, condition and price that you want to pay. If you want more income, you can buy more units and stretch the length of the repayment.
Or if you if you want to decrease your taxes, you can use a technique called depreciation to offset your income. You can also concentrate on appreciation by purchasing undervalued properties and selling them for a higher value or you could buy properties, fix them up and sell them for a higher profit.
Let us explore at the many ways that we can invest in real estate
1. Creating a Monthly Income
You simply rent out the properties that you buy. You arrange the financing such that the repayment is lower than the rental that you receive and in the process have a net cash income.
In addition to a positive cash flow, there are annual tax advantages to owning real estate and appreciation that is realized at the time of sale.
2. Buy & Sell
You make money by buying properties for less and selling them for more. You can look at older properties that need improvement, or buy newer properties from owners who are willing to let go at a lower price.
When you buy property that needs to be touched up, you must consider the holding cost that includes taxes, interest payment, utilities, maintenance and other costs.
When you buy a property from a distressed owner, the property is often in good condition. The owner has either fallen behind in mortgage payments or taxes, or want to let go of the property due to migration, divorce, etc.
3. Lease Option
With leasing option, you do not buy the property. You simply take temporary control and sell or rent it to another tenant.
4. Purchasing Tax Liens Property
This can be purchased from the government. You simply place a deposit as designated by the government and stick around for the waiting period to expire. If the taxes are not paid, you get the property. In the meantime your money earns interest and your deposit is guaranteed by the government
5. Pre- Construction
Here, you work out an arrangement with the builders to buy at wholesale price and sell them when completed at market price. In this method there is no need to worry about mortgage payment or tenants during the construction period.
I hope you now understand the many ways to make money in real estate.
By: kenfong
Are there many benefits to investing in Real Estate? You bet there are!
Your plunge in Real Estate can give you a monthly cash flow or at least be paid for by your tenants. You may gain some tax saving and the property can possibly increase its value.
You are free to select the type of property, locale, condition and price that you want to pay. If you want more income, you can buy more units and stretch the length of the repayment.
Or if you if you want to decrease your taxes, you can use a technique called depreciation to offset your income. You can also concentrate on appreciation by purchasing undervalued properties and selling them for a higher value or you could buy properties, fix them up and sell them for a higher profit.
Let us explore at the many ways that we can invest in real estate
1. Creating a Monthly Income
You simply rent out the properties that you buy. You arrange the financing such that the repayment is lower than the rental that you receive and in the process have a net cash income.
In addition to a positive cash flow, there are annual tax advantages to owning real estate and appreciation that is realized at the time of sale.
2. Buy & Sell
You make money by buying properties for less and selling them for more. You can look at older properties that need improvement, or buy newer properties from owners who are willing to let go at a lower price.
When you buy property that needs to be touched up, you must consider the holding cost that includes taxes, interest payment, utilities, maintenance and other costs.
When you buy a property from a distressed owner, the property is often in good condition. The owner has either fallen behind in mortgage payments or taxes, or want to let go of the property due to migration, divorce, etc.
3. Lease Option
With leasing option, you do not buy the property. You simply take temporary control and sell or rent it to another tenant.
4. Purchasing Tax Liens Property
This can be purchased from the government. You simply place a deposit as designated by the government and stick around for the waiting period to expire. If the taxes are not paid, you get the property. In the meantime your money earns interest and your deposit is guaranteed by the government
5. Pre- Construction
Here, you work out an arrangement with the builders to buy at wholesale price and sell them when completed at market price. In this method there is no need to worry about mortgage payment or tenants during the construction period.
I hope you now understand the many ways to make money in real estate.
Buying Property in Costa Blanca is Real Estate Paradise
Buying Property in Costa Blanca is Real Estate Paradise
By: Dale Campbell
When it comes to buying property, Costa Blanca is a fantastic location for property investment as it has a perfect combination of awe-inspiring natural beauty and a cultural legacy. Costa Blanca is well known for its resorts such as Benidorm and Elche, the palm tree capital of the world. Golf lovers flock to the area to enjoy year round golf thanks to a climate that provides over 300 sun filled days a year. Food connoisseurs enjoy meals that have been influenced by Costa Blanca’s Moorish agricultural past and rice is a main ingredient in many dishes, which includes the famous paella. Many people enjoy a glass of fine wine produced in the area, to compliment their food.
Besides being one of the most beautiful and sought after destinations, Costa Blanca has many different types of properties that are suitable for most people’s budget. Buying property in Costa Blanca is all about location, location, location. If you have a large budget, then properties along the seafront would be ideal as they tend to be more expensive then else where. Seafront properties are known as real estate paradise as they are sought after areas with holiday makers and the properties can bring in some healthy rental income for the entrepreneurial property investor. If you are looking for a property as a rental income, it is advisable to choose one that has some beautiful natural sights and is near attractions like a Water Park and an Animal Park. Being located near a shopping mall and public transport can also increase your asking price for rent, and add value to your property when it comes to reselling.
For some property investors the seaside properties are too expensive, so they are traveling inland where the property prices are easier on the pocket. This is proving to be a popular choice for people relocating to Spain as not only are property prices cheaper, but the way of life tends to more ‘Spanish’ then places along the seafront that have had a heavy British influence for many years.
Once you’ve decided you’re going to buy a property, set a budget and stay with it.
In Costa Blanca property prices vary with the seasons. Therefore, when you are buying property in Costa Blanca consider the time of year as the off-peak season can provide you with property that is cheaper than at the height of the tourist season. Visit the property at least twice before you make a decision, and visit it at different times of the day. Talk to the neighbours about the area and listen carefully to what they say. Also check what amenities the property has, such as electricity, water and gas, so you don’t have any surprises once you’ve bought the property.
Having some knowledge of the property market in Costa Blanca is an important aspect to consider when buying property as the market is different than the UK. For example the buyer is liable for a transfer tax (IVA) and the rate is dependent on whether the property is a new build or a second-hand property. There are online service providers providing legal advice as well as up-to-date details of available real estate. Confirmation of the reputation and knowledge of the real estate consultant is a must to ensure reliable information about the property you want to buy. It is also important to have a legal advisor to check ownership of the property and any outstanding debts on the property before you sign any paperwork.
In conclusion, if you are looking for an overseas property investment, buying property in Costa Blanca has a lot to offer investors –great weather, popular with tourists, rich with culture, and different types of properties to suit all budgets.
By: Dale Campbell
When it comes to buying property, Costa Blanca is a fantastic location for property investment as it has a perfect combination of awe-inspiring natural beauty and a cultural legacy. Costa Blanca is well known for its resorts such as Benidorm and Elche, the palm tree capital of the world. Golf lovers flock to the area to enjoy year round golf thanks to a climate that provides over 300 sun filled days a year. Food connoisseurs enjoy meals that have been influenced by Costa Blanca’s Moorish agricultural past and rice is a main ingredient in many dishes, which includes the famous paella. Many people enjoy a glass of fine wine produced in the area, to compliment their food.
Besides being one of the most beautiful and sought after destinations, Costa Blanca has many different types of properties that are suitable for most people’s budget. Buying property in Costa Blanca is all about location, location, location. If you have a large budget, then properties along the seafront would be ideal as they tend to be more expensive then else where. Seafront properties are known as real estate paradise as they are sought after areas with holiday makers and the properties can bring in some healthy rental income for the entrepreneurial property investor. If you are looking for a property as a rental income, it is advisable to choose one that has some beautiful natural sights and is near attractions like a Water Park and an Animal Park. Being located near a shopping mall and public transport can also increase your asking price for rent, and add value to your property when it comes to reselling.
For some property investors the seaside properties are too expensive, so they are traveling inland where the property prices are easier on the pocket. This is proving to be a popular choice for people relocating to Spain as not only are property prices cheaper, but the way of life tends to more ‘Spanish’ then places along the seafront that have had a heavy British influence for many years.
Once you’ve decided you’re going to buy a property, set a budget and stay with it.
In Costa Blanca property prices vary with the seasons. Therefore, when you are buying property in Costa Blanca consider the time of year as the off-peak season can provide you with property that is cheaper than at the height of the tourist season. Visit the property at least twice before you make a decision, and visit it at different times of the day. Talk to the neighbours about the area and listen carefully to what they say. Also check what amenities the property has, such as electricity, water and gas, so you don’t have any surprises once you’ve bought the property.
Having some knowledge of the property market in Costa Blanca is an important aspect to consider when buying property as the market is different than the UK. For example the buyer is liable for a transfer tax (IVA) and the rate is dependent on whether the property is a new build or a second-hand property. There are online service providers providing legal advice as well as up-to-date details of available real estate. Confirmation of the reputation and knowledge of the real estate consultant is a must to ensure reliable information about the property you want to buy. It is also important to have a legal advisor to check ownership of the property and any outstanding debts on the property before you sign any paperwork.
In conclusion, if you are looking for an overseas property investment, buying property in Costa Blanca has a lot to offer investors –great weather, popular with tourists, rich with culture, and different types of properties to suit all budgets.
Commercial Real Estate Investment Success Begins with a Positive Mindset
Commercial Real Estate Investment Success Begins with a Positive Mindset
By: Darrick Scruggs
Ever thought about real estate investing as a means to supplement an income, or even as an avenue to entrepreneurship? The current foreclosure epidemic has caused people who have never considered real estate investing to give it a thought. With foreclosed properties selling at all time lows many wonder about the potential to “cash in.”
The recent foreclosure boom has caused many homeowners to need housing. Commercial real estate can be very lucrative at a time like this. Potential homebuyers are hesitant about purchasing because of economic uncertainties, making the need for rental properties and apartments in high demand.
Many people wonder if they have what it takes to be successful in real estate. The saying real estate investing “isn’t for everyone,” isn’t necessarily true. Real estate investing begins with a proper mindset. Educated investors make the best investors. Understanding the strategies behind real estate investing is the first start to developing the right mindset.
Real estate investors should seek courses and information which educate, motivate and instigate dynamic change in their lives. It is important to free one's self from the negative talk and dire predictions of the world and embrace new ideas, money-making methods, investment strategies and to network with like-minded/ upwardly mobile individuals and experts in the real estate investment and financial education field, when deciding to pursue real estate investments.
The power to be successful begins with having a successful mindset and learning to welcome success. Building financial wealth through commercial real estate investments is very possible with the proper training and a positive mindset. It is not recommended that anyone jump into real estate investing without the correct instruction. Commercial real estate investing with the proper training can not only lead to financial security but also to peace of mind.
About The Power to Be Free
The Power to Be Free is a group of successful real estate investors committed to building more financial success through the power of collaboration and networking. In addition to that they are equally committed to empowering and teaching others to build financial wealth and to successfully invest in real estate as well. All The Power to Be Free members have either achieved financial success and are poised to increase their financial rewards or they are new members who are serious about learning how to do what it takes to increase their personal and professional success while also learning to empower and motivate those who will follow them. The Power to Be Free is about exactly what the name suggests; empowering people and communities to gain freedom through financial
By: Darrick Scruggs
Ever thought about real estate investing as a means to supplement an income, or even as an avenue to entrepreneurship? The current foreclosure epidemic has caused people who have never considered real estate investing to give it a thought. With foreclosed properties selling at all time lows many wonder about the potential to “cash in.”
The recent foreclosure boom has caused many homeowners to need housing. Commercial real estate can be very lucrative at a time like this. Potential homebuyers are hesitant about purchasing because of economic uncertainties, making the need for rental properties and apartments in high demand.
Many people wonder if they have what it takes to be successful in real estate. The saying real estate investing “isn’t for everyone,” isn’t necessarily true. Real estate investing begins with a proper mindset. Educated investors make the best investors. Understanding the strategies behind real estate investing is the first start to developing the right mindset.
Real estate investors should seek courses and information which educate, motivate and instigate dynamic change in their lives. It is important to free one's self from the negative talk and dire predictions of the world and embrace new ideas, money-making methods, investment strategies and to network with like-minded/ upwardly mobile individuals and experts in the real estate investment and financial education field, when deciding to pursue real estate investments.
The power to be successful begins with having a successful mindset and learning to welcome success. Building financial wealth through commercial real estate investments is very possible with the proper training and a positive mindset. It is not recommended that anyone jump into real estate investing without the correct instruction. Commercial real estate investing with the proper training can not only lead to financial security but also to peace of mind.
About The Power to Be Free
The Power to Be Free is a group of successful real estate investors committed to building more financial success through the power of collaboration and networking. In addition to that they are equally committed to empowering and teaching others to build financial wealth and to successfully invest in real estate as well. All The Power to Be Free members have either achieved financial success and are poised to increase their financial rewards or they are new members who are serious about learning how to do what it takes to increase their personal and professional success while also learning to empower and motivate those who will follow them. The Power to Be Free is about exactly what the name suggests; empowering people and communities to gain freedom through financial
9 Tips For Becoming a Great Real Estate Agent
9 Tips For Becoming a Great Real Estate Agent
By: Kathy
Are you a new real estate agent, or are you considering becoming one? If so, you will probably want to hit the evidences running. After all, the more you sell, the more money you will do on a regular footing.
But the biggest problems new real estate agents have is that they do not cognize how to acquire start outed. They cognize the basics of the real estate industry, but since they do not have the experience they are a bit lost in the beginning phases.
Named below are several tips that new real estate agents should recall. These are all things that seasoned, effective agents are already familiar with.
1. Create a Financial Budget : Budgeting is critical given the up and down of this volatile market place.
2. Establish Sales Goals : Using your strategic plan, establish sales goals.
3. Although there is some flexibility working as a real estate agent you need to keep in mind that you are basically on call twenty-four hours a day.
4. As a new real estate agent you should cognize the industry inside and out. If there is something that you are not sure of, the best thing to do is fig it out before you travel on.
5. Make Managing Yourself : a Priority Building a business is not easy. You must learn how to manage yourself especially in the area of time management, ongoing real estate training (continuing education units) and personal life balance.
6. Remember it takes time to build up clientele. Promote yourself in the community as best as you can. Make sure your friends and family know that you are an agent. It may help build your client list and they may be able to refer new business to you.
7. Do not acquire queered with the industry if things do not move your mode at first. Think, the real estate industry sees a great deal of ups and down feathers.
8. Stay in touching with your clients as much as you can. As a new real estate agent you take to cognize what your clients are thinking and doing so that you are always in the grommet.
9. Find a Mentor or a Real Estate Coach: Take the time to find a mentor who can help you steer through some of the known obstacles and help you during the “peaks and valleys.”
These nine tips will move a long mode in making your life as a new real estate agent as easy as possible.
By: Kathy
Are you a new real estate agent, or are you considering becoming one? If so, you will probably want to hit the evidences running. After all, the more you sell, the more money you will do on a regular footing.
But the biggest problems new real estate agents have is that they do not cognize how to acquire start outed. They cognize the basics of the real estate industry, but since they do not have the experience they are a bit lost in the beginning phases.
Named below are several tips that new real estate agents should recall. These are all things that seasoned, effective agents are already familiar with.
1. Create a Financial Budget : Budgeting is critical given the up and down of this volatile market place.
2. Establish Sales Goals : Using your strategic plan, establish sales goals.
3. Although there is some flexibility working as a real estate agent you need to keep in mind that you are basically on call twenty-four hours a day.
4. As a new real estate agent you should cognize the industry inside and out. If there is something that you are not sure of, the best thing to do is fig it out before you travel on.
5. Make Managing Yourself : a Priority Building a business is not easy. You must learn how to manage yourself especially in the area of time management, ongoing real estate training (continuing education units) and personal life balance.
6. Remember it takes time to build up clientele. Promote yourself in the community as best as you can. Make sure your friends and family know that you are an agent. It may help build your client list and they may be able to refer new business to you.
7. Do not acquire queered with the industry if things do not move your mode at first. Think, the real estate industry sees a great deal of ups and down feathers.
8. Stay in touching with your clients as much as you can. As a new real estate agent you take to cognize what your clients are thinking and doing so that you are always in the grommet.
9. Find a Mentor or a Real Estate Coach: Take the time to find a mentor who can help you steer through some of the known obstacles and help you during the “peaks and valleys.”
These nine tips will move a long mode in making your life as a new real estate agent as easy as possible.
How to avoid Real Estate Foreclosures
How to avoid Real Estate Foreclosures
By: John Ash
Real estate foreclosure is the legal process by which the lender can repossess or take over the property which he had lent, on the grounds of failure to pay dues. When such an action is taken by a lender, one would have to vacate the property and or pay dues to the lender for the same.
What leads to foreclosures?
Ignorance is what leads to the process of real estate foreclosures generally. One cannot afford to ignore the letters from the lender. Due care must be taken to keep the lender informed about your situation if you are unable to pay the rent. Generally, the lender would require you to produce certain financial documents as well such as monthly income and expenses so that they can verify your status and give you sufficient time to repay them. However, failure to do all these could lead to real estate foreclosure.
What steps can one take to best avoid foreclosures?
The following steps can be taken by most individuals in order to avoid foreclosure of property:
1. Avoiding ignorance and communicating with the lender is a must. This is the primary step and one that cannot be over emphasized. A person should always be in good communication with the owner of the land and should not ignore any communication there off.
2. Special Forbearance: Once you communicate with the lender, he may be able to devise a special repayment plan depending on your financial situation. Such a plan could provide a temporary reduction or suspension of the payment and could provide you with vital time to obtain the money. Lenders generally provide this provision if there is a sudden increase in expenses or a sharp decrease in income.
3. Modification of Mortgage: This involves the refinance of the debt, which may or may not be accompanied by the extension of the term for the mortgage. This could help you recover by reducing the payments which are made monthly to a more affordable level. This is a step, which one should take generally once they have recovered from the financial crisis and can afford the newer payment terms.
4. Partial Claim: In certain situations, it is possible for your lender to file for a partial claim under which the US Department of Housing and Urban Development would pay the lender the amount required to bring the mortgage to current. This is done when you execute a promissory note. A lien will then be placed on your property until the promissory note is paid in full. The advantage is that the promissory note is free of interest and is generally due when you pay off the first mortgage or sell the property- giving you sufficient time for recovery.
5. Pre-foreclosure sale: In certain situations, it is possible for you to sell off your property for an amount, which is less than the amount required for payment of the mortgage loan. This would give you the money to pay off a part of the mortgage loan.
As a last resort you could use a "Deed-in-lieu of foreclosure" by which you give back the property in order to avoid real estate foreclosure and therefore save your credit rating.
Real estate foreclosure can be quite hurtful however knowing the above methods to avoid them can save you the grief of getting kicked out of your home.
By: John Ash
Real estate foreclosure is the legal process by which the lender can repossess or take over the property which he had lent, on the grounds of failure to pay dues. When such an action is taken by a lender, one would have to vacate the property and or pay dues to the lender for the same.
What leads to foreclosures?
Ignorance is what leads to the process of real estate foreclosures generally. One cannot afford to ignore the letters from the lender. Due care must be taken to keep the lender informed about your situation if you are unable to pay the rent. Generally, the lender would require you to produce certain financial documents as well such as monthly income and expenses so that they can verify your status and give you sufficient time to repay them. However, failure to do all these could lead to real estate foreclosure.
What steps can one take to best avoid foreclosures?
The following steps can be taken by most individuals in order to avoid foreclosure of property:
1. Avoiding ignorance and communicating with the lender is a must. This is the primary step and one that cannot be over emphasized. A person should always be in good communication with the owner of the land and should not ignore any communication there off.
2. Special Forbearance: Once you communicate with the lender, he may be able to devise a special repayment plan depending on your financial situation. Such a plan could provide a temporary reduction or suspension of the payment and could provide you with vital time to obtain the money. Lenders generally provide this provision if there is a sudden increase in expenses or a sharp decrease in income.
3. Modification of Mortgage: This involves the refinance of the debt, which may or may not be accompanied by the extension of the term for the mortgage. This could help you recover by reducing the payments which are made monthly to a more affordable level. This is a step, which one should take generally once they have recovered from the financial crisis and can afford the newer payment terms.
4. Partial Claim: In certain situations, it is possible for your lender to file for a partial claim under which the US Department of Housing and Urban Development would pay the lender the amount required to bring the mortgage to current. This is done when you execute a promissory note. A lien will then be placed on your property until the promissory note is paid in full. The advantage is that the promissory note is free of interest and is generally due when you pay off the first mortgage or sell the property- giving you sufficient time for recovery.
5. Pre-foreclosure sale: In certain situations, it is possible for you to sell off your property for an amount, which is less than the amount required for payment of the mortgage loan. This would give you the money to pay off a part of the mortgage loan.
As a last resort you could use a "Deed-in-lieu of foreclosure" by which you give back the property in order to avoid real estate foreclosure and therefore save your credit rating.
Real estate foreclosure can be quite hurtful however knowing the above methods to avoid them can save you the grief of getting kicked out of your home.
วันพฤหัสบดีที่ 13 พฤศจิกายน พ.ศ. 2551
Redstones Property Auctions
Redstones Property Auctions
Property auctions a right way for people who buy as well as sell their houses. With property auctions you can done with any type of property like land plots, commercial property etc, and any location that is for built as well as un-built spaces.
Nowadays Property auctions are not to purchase property for the purpose of reselling it for a profit. Mostly people are using property auctions for finding a perfect home on right price to buy and live in. Many people have benefit, property buying with property auctions. Investment houses, residential home, commercial property and repossessed property and so on are the different kinds of property listed for sale. For these properties the Property auctions to the helps the buyer and seller can be sold easily in the property auction for reasonable price.
A number of homes are available at all time offers by property auctions. Almost of these are being sold at prices lower than their market value but mainly important is that there are possible issues and concerns when dealing with auctions. But in actual these properties are valued based on the return on investment that they provide. Those properties are difficult to sell in their present state are mostly sale by Auctions. Property auctions provide those properties that are comprised of all favorable factors like excellent location with easy of transportation, quality schools and grocer in the vicinity at an affordable price can restore and resell it on substantial profits.
Property auctions are more popular day by day because they involve better deals and less formality. Auctions are the modern way of making transactions and less time-consuming and much easier when closing. Property auctions are very important to hire your own solicitor to finish legal formalities. And the second thing it is also important to know about your borrowing capacity and than you start searching for the property. And last thing you will have to go through financial approvals with your lender with the mortgage documents.
Property auctions with Redstones
Redstones have property auction that offering a range of any type of like residential investment portfolios, individual residential properties, both tenanted and vacant.
Redstones believe that exposing your property to the maximum number of people is the key to obtaining the best price possible at auction. So, they sending out thousands of catalogues, advertising in local newspapers and national trade press because number of people auction on your property.
Guide to buying and selling at Redstones Auction
Buying at Redstones Auction is a catalogue that displays all of the properties approximately 3 weeks prior. The catalogue is also available online a few days before it comes out in hard copy. But the catalogue and identify those lots that may be of interest. And every property has a Guide price that is published in the auction catalogue it is not the price at which the property will necessarily sell. The View of property is arranged directly with the auctioneers or their joint agents.
Property auctions a right way for people who buy as well as sell their houses. With property auctions you can done with any type of property like land plots, commercial property etc, and any location that is for built as well as un-built spaces.
Nowadays Property auctions are not to purchase property for the purpose of reselling it for a profit. Mostly people are using property auctions for finding a perfect home on right price to buy and live in. Many people have benefit, property buying with property auctions. Investment houses, residential home, commercial property and repossessed property and so on are the different kinds of property listed for sale. For these properties the Property auctions to the helps the buyer and seller can be sold easily in the property auction for reasonable price.
A number of homes are available at all time offers by property auctions. Almost of these are being sold at prices lower than their market value but mainly important is that there are possible issues and concerns when dealing with auctions. But in actual these properties are valued based on the return on investment that they provide. Those properties are difficult to sell in their present state are mostly sale by Auctions. Property auctions provide those properties that are comprised of all favorable factors like excellent location with easy of transportation, quality schools and grocer in the vicinity at an affordable price can restore and resell it on substantial profits.
Property auctions are more popular day by day because they involve better deals and less formality. Auctions are the modern way of making transactions and less time-consuming and much easier when closing. Property auctions are very important to hire your own solicitor to finish legal formalities. And the second thing it is also important to know about your borrowing capacity and than you start searching for the property. And last thing you will have to go through financial approvals with your lender with the mortgage documents.
Property auctions with Redstones
Redstones have property auction that offering a range of any type of like residential investment portfolios, individual residential properties, both tenanted and vacant.
Redstones believe that exposing your property to the maximum number of people is the key to obtaining the best price possible at auction. So, they sending out thousands of catalogues, advertising in local newspapers and national trade press because number of people auction on your property.
Guide to buying and selling at Redstones Auction
Buying at Redstones Auction is a catalogue that displays all of the properties approximately 3 weeks prior. The catalogue is also available online a few days before it comes out in hard copy. But the catalogue and identify those lots that may be of interest. And every property has a Guide price that is published in the auction catalogue it is not the price at which the property will necessarily sell. The View of property is arranged directly with the auctioneers or their joint agents.
Nitesh Estates – A Realty Major In Bangalore
Nitesh Estates, the real estate arm of the Nitesh Group, is a property development company headquartered in Bangalore, India, with its presence in over eight cities across the country.
Nitesh Estates develops world-class Office Buildings, Homes, Hotels and Retail Spaces. The company has undertaken development of more than eight million sq ft in barely five years of its operation.
Now, it is engaged in the development of IT Parks, 5 Star Hotels and Shopping Malls. Nitesh Estates is also planning to expand its operations to other cities such as Kolkata, Goa, Chennai, Hyderabad and Kochi.
Some of the upcoming projects of the developer are:-
Nitesh Wimbledon Gardens:
One of the largest urban mixed-use developments to come up in South India, Nitesh Wimbledon Gardens in Kakkanad covers 2 million square feet of homes, retail, office and service apartments’ space. The project is strategically located on the Airport-Seaport Road. The residential segment of Wimbledon Gardens is being designed to meet international standards. It comes with facilities like a concierge service, well equipped gymnasium, swimming pool, outdoor play area, unisex beauty salon, club house, day care centre, conference and community halls, express elevators and ample parking space. These services are aimed to make life all the more comfortable. The price of the residential apartments range from Rs 35, 64, 000 for 1296 sq ft (2BR-2T), Rs 48, 29, 000 for 1756 sq ft (3BR-3T), Rs 54, 72, 500 for 1990 sq ft (3BR-3T) and Rs 62, 15, 000 for 2260 sq ft (3BR-3T).
Nitesh Canary Wharf:
Nitesh Estates has come up with a premium property, Nitesh canary Wharf, to be situated in Langford Town amidst the city's hustle-bustle. Nitesh Canary Wharf is being built away from the polluted and crowed urban chaos. The project includes mega hotels, quality educational institutions and sprawling shopping malls in the vicinity that offer everyday necessities and recreation. The residential apartments at Nitesh Canary Wharf are a perfect combination of beauty and high-class architecture. These well-equipped apartments provide state-of-the-art amenities , which make life more comfortable and luxurious.
Nitesh Forest Hills:
The project, Nitesh Forest Hills defines ‘premium luxury’ at its best. It is one of the finest upcoming projects in Bangalore. Nitesh Forest Hills is a high rise residential project to be located at Whitefield with 500 flats with an option of 2 & 3 bedrooms. Besides its good looks, it provides up-market amenities such as a meditation centre, jogging track, gym, swimming pool, special children play area and a commercial centre with a super market and every possible utility available within campus. The price of the project ranges from Rs 34, 73, 670 for 1301 sq ft (2BR-2T), Rs 38, 76, 840 for 1452 sq ft (3BR-3T) and Rs 43, 41,420 for 1626 sq ft (3BR-3T).
The Ritz-Carlton:
Nitesh Estates is coming up with India’s first and only The Ritz Carlton to Bangalore. This 267 room - Five star hotel, situated in the central business district, marks the company’s foray into the hospitality sector. This new hotel project will not only offer several restaurants, world class business meeting venues but also house one of India's most sophisticated, high-class and luxurious Spas. The hotel will have an entire floor dedicated to global luxury brands and high- end retail store boutiques. In addition to the 267 spacious and beautiful rooms and a premium presidential suite, the hotel will include The Ritz-Carlton Club, a private floor accessible only by elevator key. This club will have a dedicated janitor service throughout the day. Also, to be equipped with a helipad, this hotel will take business and leisure to new heights.
Nitesh City, Chennai:
Nitesh City – Chennai, will be a blooming one million sq ft property development which will include a luxury hotel run by one of the most prominent hotel chains in the world. The project will also comprise 100 residences associated with the hotel. It is slated to not only be a significant residential township but is also an endeavor by the company to create better, well defined communities. ‘Nitesh City’ will also have a retail and office block with excellent amenities for an increasingly effiecient business enterprise.
The project, Nitesh City, is being designed by a world known architectural firm in Seattle. It is proposed to be located in the heart of the city and promises to be a landmark development for Chennai.
Nitesh Pebble Beach:
Nitesh Pebble Beach is an upcoming residential project comprising luxury villas and service apartments, with a beautiful view of the expansive Arabian Sea. The project has a magnificent location as it will be developed at Benoliam Beach, South Goa, which is very near to the Taj Exotica & Leela Beach resort. It is also strategically located as it is a straight drive from Dabolim Airport, a few km away from Goa’s commercial hub Madgao.
Nitesh Estates develops world-class Office Buildings, Homes, Hotels and Retail Spaces. The company has undertaken development of more than eight million sq ft in barely five years of its operation.
Now, it is engaged in the development of IT Parks, 5 Star Hotels and Shopping Malls. Nitesh Estates is also planning to expand its operations to other cities such as Kolkata, Goa, Chennai, Hyderabad and Kochi.
Some of the upcoming projects of the developer are:-
Nitesh Wimbledon Gardens:
One of the largest urban mixed-use developments to come up in South India, Nitesh Wimbledon Gardens in Kakkanad covers 2 million square feet of homes, retail, office and service apartments’ space. The project is strategically located on the Airport-Seaport Road. The residential segment of Wimbledon Gardens is being designed to meet international standards. It comes with facilities like a concierge service, well equipped gymnasium, swimming pool, outdoor play area, unisex beauty salon, club house, day care centre, conference and community halls, express elevators and ample parking space. These services are aimed to make life all the more comfortable. The price of the residential apartments range from Rs 35, 64, 000 for 1296 sq ft (2BR-2T), Rs 48, 29, 000 for 1756 sq ft (3BR-3T), Rs 54, 72, 500 for 1990 sq ft (3BR-3T) and Rs 62, 15, 000 for 2260 sq ft (3BR-3T).
Nitesh Canary Wharf:
Nitesh Estates has come up with a premium property, Nitesh canary Wharf, to be situated in Langford Town amidst the city's hustle-bustle. Nitesh Canary Wharf is being built away from the polluted and crowed urban chaos. The project includes mega hotels, quality educational institutions and sprawling shopping malls in the vicinity that offer everyday necessities and recreation. The residential apartments at Nitesh Canary Wharf are a perfect combination of beauty and high-class architecture. These well-equipped apartments provide state-of-the-art amenities , which make life more comfortable and luxurious.
Nitesh Forest Hills:
The project, Nitesh Forest Hills defines ‘premium luxury’ at its best. It is one of the finest upcoming projects in Bangalore. Nitesh Forest Hills is a high rise residential project to be located at Whitefield with 500 flats with an option of 2 & 3 bedrooms. Besides its good looks, it provides up-market amenities such as a meditation centre, jogging track, gym, swimming pool, special children play area and a commercial centre with a super market and every possible utility available within campus. The price of the project ranges from Rs 34, 73, 670 for 1301 sq ft (2BR-2T), Rs 38, 76, 840 for 1452 sq ft (3BR-3T) and Rs 43, 41,420 for 1626 sq ft (3BR-3T).
The Ritz-Carlton:
Nitesh Estates is coming up with India’s first and only The Ritz Carlton to Bangalore. This 267 room - Five star hotel, situated in the central business district, marks the company’s foray into the hospitality sector. This new hotel project will not only offer several restaurants, world class business meeting venues but also house one of India's most sophisticated, high-class and luxurious Spas. The hotel will have an entire floor dedicated to global luxury brands and high- end retail store boutiques. In addition to the 267 spacious and beautiful rooms and a premium presidential suite, the hotel will include The Ritz-Carlton Club, a private floor accessible only by elevator key. This club will have a dedicated janitor service throughout the day. Also, to be equipped with a helipad, this hotel will take business and leisure to new heights.
Nitesh City, Chennai:
Nitesh City – Chennai, will be a blooming one million sq ft property development which will include a luxury hotel run by one of the most prominent hotel chains in the world. The project will also comprise 100 residences associated with the hotel. It is slated to not only be a significant residential township but is also an endeavor by the company to create better, well defined communities. ‘Nitesh City’ will also have a retail and office block with excellent amenities for an increasingly effiecient business enterprise.
The project, Nitesh City, is being designed by a world known architectural firm in Seattle. It is proposed to be located in the heart of the city and promises to be a landmark development for Chennai.
Nitesh Pebble Beach:
Nitesh Pebble Beach is an upcoming residential project comprising luxury villas and service apartments, with a beautiful view of the expansive Arabian Sea. The project has a magnificent location as it will be developed at Benoliam Beach, South Goa, which is very near to the Taj Exotica & Leela Beach resort. It is also strategically located as it is a straight drive from Dabolim Airport, a few km away from Goa’s commercial hub Madgao.
Sellin Real Estate
Whether you’re interviewing listing agents, meeting with your listing agent for the first time, or following up with your agent after listing your home, there are some definite points that you should go over so that you can learn what to expect as a seller in your local real estate market. I’ve included some questions that you should ask before you list your home. If you’ve already listed your home, it’s not too late to ask these questions! Your real estate agent has hopefully already answered most of these questions. But, if he or she hasn’t, these topics will play a big role in selling your home in the coming weeks.
1) How long is it taking to sell a home in my market? (In other words, what is the DOM, or Days on Market, for the homes that have sold?)
2) What is the ratio of homes that have sold compared to the homes that have been listed? In other words, what is your home’s chance of selling if you list it? Keep in mind that a lot of homes are listed but don’t actually sell.
3) What are homes selling for versus the price they are being listed for? Your agent should be able to tell you a percentage difference for the asking price compared with the final sales price of homes in your area. Depending on where you live, this percentage difference can be a small amount or a considerable amount. This question is important because it leads to the next question.
4) What should I list my home for? This amount will partly depend on how much you owe on the mortgage, among other things. But, your agent should be able to do a CMA (Competitive Market Analysis) to show what comparable homes in your area are listing for – and selling for. Be sure to give your asking price some negotiating room. In this market, buyers are insulted if they’re not able to negotiate a good bit of money off the asking price, since buyers are really wanting to take advantage of market trends and “get a good deal”!
5) What services can you and your company provide me in order to give my home exposure to buyers? Your agent should be able to provide you with a list of services offered. These usually include newspaper or television ads, which generally don’t promote much of a response from buyers. So, be sure this list also includes internet sources, such as websites that receive good traffic from home buyers. The internet is becoming the most effective way to market homes, since 8 out of 10 home buyers start their home search online. This question is going to prompt a lot of other questions, so be sure to spend time on this topic with your listing agent.
6) Is there anything I need to do before we list the home? Your agent may recommend steam cleaning the carpet or doing some yard work. Unless your home is brand new, there will probably be a few things you need to do in order to spruce up your home and get it ready for showings.
1) How long is it taking to sell a home in my market? (In other words, what is the DOM, or Days on Market, for the homes that have sold?)
2) What is the ratio of homes that have sold compared to the homes that have been listed? In other words, what is your home’s chance of selling if you list it? Keep in mind that a lot of homes are listed but don’t actually sell.
3) What are homes selling for versus the price they are being listed for? Your agent should be able to tell you a percentage difference for the asking price compared with the final sales price of homes in your area. Depending on where you live, this percentage difference can be a small amount or a considerable amount. This question is important because it leads to the next question.
4) What should I list my home for? This amount will partly depend on how much you owe on the mortgage, among other things. But, your agent should be able to do a CMA (Competitive Market Analysis) to show what comparable homes in your area are listing for – and selling for. Be sure to give your asking price some negotiating room. In this market, buyers are insulted if they’re not able to negotiate a good bit of money off the asking price, since buyers are really wanting to take advantage of market trends and “get a good deal”!
5) What services can you and your company provide me in order to give my home exposure to buyers? Your agent should be able to provide you with a list of services offered. These usually include newspaper or television ads, which generally don’t promote much of a response from buyers. So, be sure this list also includes internet sources, such as websites that receive good traffic from home buyers. The internet is becoming the most effective way to market homes, since 8 out of 10 home buyers start their home search online. This question is going to prompt a lot of other questions, so be sure to spend time on this topic with your listing agent.
6) Is there anything I need to do before we list the home? Your agent may recommend steam cleaning the carpet or doing some yard work. Unless your home is brand new, there will probably be a few things you need to do in order to spruce up your home and get it ready for showings.
Real Estate Guides and Advice
There are certain guidelines for real estate buying and selling. Real estate is the undying business. As long as the generations of people are expanding and existing. Real estate is in demand. But in focusing in real estate business, it needs lot of money for your investment in this kind of business. Its not like a simple product that you can sell anytime. It needs proper discipline of waiting few months or years to sell a unit or a house. For real estate owners, they proceed for a real estate broker in order to help them sell their property. And they connive with property loan financing institutions for having some clients who buy a certain unit in installment or loan financing basis. Its a concept of joining of real estate company and housing loan financing institute in order to have both clients. In this era of generations, this is the best way to have a house. But choose a real estate and loan financing company that offers low interest in having a housing loan. There are certain guidelines which a buyer can determine an excellent services of real estate company in offering their units.
For those who want to engage or buying a house in a certain real estate. Here are some guidelines and advices which turn into excellent tips to have a house. Always look for your current household budget so that you will know your financial situation in engaging now in any transactions of buying a house. Ask your family or friends for having an expert inspector who can help you in choosing a house and also a lawyer for helping you in buying process. Make a research regarding on the prices and style of houses today that suits in the type of your personality and always regard the place and the neighborhood. Buying a house is very significant and takes a lot of effort and make an evaluation in all aspects such as the quality standard of the house, the price, the real estate company stability, the environment (security, safety, neighborhood), and the terms of owning the house. Think carefully about how much you can afford to spend and consider borrowing guidelines. Look for the interest being taken in the money you’ve borrowed. Sometimes, problem may occur because of no clearly guidelines of borrowing money for financing the house you want to buy. Always look forward in the cash on your hand, because in buying a house for installment basis, you need to have more cash which intends to the higher the down payment, the lower the interest rate and monthly mortgage payment. And keep also a cash for considering any future payment for processing home ownership. For environment searching, always look for the safety environment and have an easy transportation for your access of your children to school, access to market and church, and near to your working place. Consider also the crime rate in the place and evaluate your neighborhood. After securing all of these, you can deal also with the broker. Because broker usually represent the seller, but they are valuable in having a sources of information regarding on multiple listing of services in choosing a house. And when you buy a house, choose a house that you can sell it also in the future.
For those who want to engage or buying a house in a certain real estate. Here are some guidelines and advices which turn into excellent tips to have a house. Always look for your current household budget so that you will know your financial situation in engaging now in any transactions of buying a house. Ask your family or friends for having an expert inspector who can help you in choosing a house and also a lawyer for helping you in buying process. Make a research regarding on the prices and style of houses today that suits in the type of your personality and always regard the place and the neighborhood. Buying a house is very significant and takes a lot of effort and make an evaluation in all aspects such as the quality standard of the house, the price, the real estate company stability, the environment (security, safety, neighborhood), and the terms of owning the house. Think carefully about how much you can afford to spend and consider borrowing guidelines. Look for the interest being taken in the money you’ve borrowed. Sometimes, problem may occur because of no clearly guidelines of borrowing money for financing the house you want to buy. Always look forward in the cash on your hand, because in buying a house for installment basis, you need to have more cash which intends to the higher the down payment, the lower the interest rate and monthly mortgage payment. And keep also a cash for considering any future payment for processing home ownership. For environment searching, always look for the safety environment and have an easy transportation for your access of your children to school, access to market and church, and near to your working place. Consider also the crime rate in the place and evaluate your neighborhood. After securing all of these, you can deal also with the broker. Because broker usually represent the seller, but they are valuable in having a sources of information regarding on multiple listing of services in choosing a house. And when you buy a house, choose a house that you can sell it also in the future.
Should You Join A Real Estate Partnership-Joint Venture?
Partnership in real estate or any venture is not a new idea. Many big projects can take shape because of partnerships or in the better terms consortiums. Most of the major real estate and infrastructure projects have been results of partnership between various companies. Real estate demands large investment and more the investment, more is the chance of making profit. So it is not at all a bad idea to get into a joint venture.
There are some things that must be clearly understood before getting into partnerships. The stability of partnership cannot be guaranteed. There are partnerships and joint ventures that have been lasting for decades and there are partnerships that hardly last the project. It automatically raises another question, whether investing with a partner in a reality project is a sensible proposition? The answer is not that simple. The factors that generally decide such partnerships depend on person, his solvency and trust. A known person is not always the right partner however close he might be. Also the investor must first set his goal. He must be fully aware about the time by which he wants his return, the amount of return and must also examine the offer of partnership and the reliability of such offers.
The first thing that should be the basis of any partnership is consensus. Remember that in a partnership no decision can be made by majority vote as in democracy. Until the partners agree on a matter it should not be proceeded upon as such actions can eventually lead to break-up of the partnership. Such break-ups can cause havoc to schedules when the matter is related to real estate. The result will be project delays and cost overruns and finally loss in the overall venture. This is not a way to do business. But if such a situation comes up when no consensus can be achieved then there must be a method to overcome the deadlock. The best way is to allow a third party to do the job of conciliation. He may be a consultant, any mediator or even a family member close to both the partners. But he should be influential enough to do the job.
A common way out is an agreement or deed of partnership. It should be a written document drafted by an attorney and acceptable to all the partners. The moment the deed is accepted the attorney will look after and be the attorney of the partnership. There are many types of partnerships like real estate investment trusts, tenant in common investment, limited liability partnership or limited liability corporation. You will have to choose from the one that you find most attractive.
To remain hassle free you can invest in a limited partnership as the liability is limited to only the invested capital. Also joining and leaving is no complicated affair and can be done anytime without dissolving the partnership. In such cases the general partners run the business and the profit is shared by all partners including the limited liability partners after deducting the administrative expenses and taxes.
There are some things that must be clearly understood before getting into partnerships. The stability of partnership cannot be guaranteed. There are partnerships and joint ventures that have been lasting for decades and there are partnerships that hardly last the project. It automatically raises another question, whether investing with a partner in a reality project is a sensible proposition? The answer is not that simple. The factors that generally decide such partnerships depend on person, his solvency and trust. A known person is not always the right partner however close he might be. Also the investor must first set his goal. He must be fully aware about the time by which he wants his return, the amount of return and must also examine the offer of partnership and the reliability of such offers.
The first thing that should be the basis of any partnership is consensus. Remember that in a partnership no decision can be made by majority vote as in democracy. Until the partners agree on a matter it should not be proceeded upon as such actions can eventually lead to break-up of the partnership. Such break-ups can cause havoc to schedules when the matter is related to real estate. The result will be project delays and cost overruns and finally loss in the overall venture. This is not a way to do business. But if such a situation comes up when no consensus can be achieved then there must be a method to overcome the deadlock. The best way is to allow a third party to do the job of conciliation. He may be a consultant, any mediator or even a family member close to both the partners. But he should be influential enough to do the job.
A common way out is an agreement or deed of partnership. It should be a written document drafted by an attorney and acceptable to all the partners. The moment the deed is accepted the attorney will look after and be the attorney of the partnership. There are many types of partnerships like real estate investment trusts, tenant in common investment, limited liability partnership or limited liability corporation. You will have to choose from the one that you find most attractive.
To remain hassle free you can invest in a limited partnership as the liability is limited to only the invested capital. Also joining and leaving is no complicated affair and can be done anytime without dissolving the partnership. In such cases the general partners run the business and the profit is shared by all partners including the limited liability partners after deducting the administrative expenses and taxes.
วันเสาร์ที่ 8 พฤศจิกายน พ.ศ. 2551
How to Set and Achieve Your Goals in Real Estate
How to Set and Achieve Your Goals in Real Estate
by Larry Goins
I want to ask you two questions. One, do you have a Will? And two, do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than you are while you are here. Think about it. I want to challenge you to start setting some goals, but remember if a goal is not in writing, it is simply a conversation. It must be in writing and it must have a deadline. Here are a few guidelines for setting goals. Oh, by the way... you need a will also.
Goals Must be Specific
I want you to be specific and include details but start rough. When you start rough for example, you want a Mercedes. You do not have to get into the details about what color, what options, that sort of thing, just write it down. Make your list huge, what kind of home do you want, what you want for your family, college education, spend more time, travel, anything you can think of. You can come back later and prioritize them and set them up as to what you want in one month, three months, six months, twelve months, then three, five, ten, twenty, thirty year goals. The more goals you have, the happier you will be, the longer you will live, and the more prosperous you will be.
Goals Must be Believable
Remember this, your goals must be believable, by you, or you will not pay the price. They must be believable, they must be just out of your reach, but you must know you can reach them, if you really strive to do it.
Goals Must be Measurable
You cannot set a goal to be financially independent. There is no way you can measure that. You need to set a goal for the amount of income you want per month, per year, the amount of equity that you want in properties - one, three, five, ten and twenty years. It must be measurable. That way you can break it down to what I call "reduce it to the ridiculous". If you know you want to earn $100,000 a year, you know that is $8,333 per month. That's just one deal a month where I live. One of the things I have learned is, successful people set their goals quickly and they make adjustments as they go along. Just like successful people make decisions quickly, they do not vacillate in indecision or what I call sometimes; get mixed up in a funk of negativity.
Goals Must be Congruent
Your goals must also be congruent with your actions. You cannot set a goal to work harder, longer hours AND a goal to spend more time with your family. Those are not congruent. They must be congruent with your actions.
Visualize What You Want
Another good thing that will help you with your goals is to visualize what you want. If you see yourself as already having achieved the goal, you will fake out your mind and your mind sees the goal as already having been achieved. It's called "fake it till you make it". I used to do this all of the time. Just take a minute or two each day and think about life as it is with your goals already accomplished. It's really easy when you get used to it.
Work Your Goals
The next thing you want to do is work your goals, work on the priority that moves you closer to your goals every day.
Number Your Goals
Number your goals in the order of importance. Not only is the goal important but so is the reason. Sure your want a car, but why do you want the car? Sure your want more money, but why do you want money? You want to be able to spend more time with your family, you want to be able to travel, you want to buy a Hummer, and you want to have an ocean front condo or send your children to the best college. Whatever it is, the reason must be there. The reason is more important than the goal itself.
Review, Monitor and Make Adjustments
Another thing you need to do is review, monitor and make adjustments on your goals. You have to be flexible. Some things are not going to happen, you have to face that; but you need to continuously strive to get better every day. If you will work harder on yourself than you do on your job then you will always be growing. Remember that last sentence and write it down as it is worth repeating.
The Goals Must Have a Deadline
As I mentioned first, your goals must have a deadline. A goal without a deadline is just a conversation. When beginning to set your goals, I want you to set your goals in four basic areas:
Financial
You will set goals based on income, equity or net worth and cash flow. All of these are financial goals.
Fitness
This is your health. If you don't feel good, chances are that you are not working at your maximum capacity. So, I want you to set some fitness goals to stay healthy. Remember "an apple a day"? What if this is right and you are not doing it? Start small though, you don't try to tackle all of these at once; but you need to be healthy not only for you but for your family as well.
Family
Set family goals. What is an example of a family goal? Maybe you want to take four vacations a year. Maybe you want to visit a new state, three times a year or five times a year. Maybe you want to go see the Grandparents two or three times a year; but maybe not. Anyway, you get the point.
Faith
You need to set some spiritual goals, some faith goals. I am not going to get into a lot of detail about that but that will help you along your way. Remember, if you slip in one area of your goals, you are probably slipping in some other areas. Another thing I want you to think about is the people you associate with. Take a minute and think about this. If you think about your ten closes friends annual salary and divide it by ten, then that is pretty close to what you make. I'm not telling you to get rid of your friends, all I'm saying is whom you associate with, is who you are like, so please keep that in mind. Don't get rid of your friends, just get some more that are where YOU want to be financially. Most of the people I hang out with now, we all make over $500,000.00 a year. That just blows me away. I never imagined I could make that kind of money…. Well I guess I could, as we are talking about goal setting and visualization aren't we? Thanks and I look forward to working with you.
by Larry Goins
I want to ask you two questions. One, do you have a Will? And two, do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than you are while you are here. Think about it. I want to challenge you to start setting some goals, but remember if a goal is not in writing, it is simply a conversation. It must be in writing and it must have a deadline. Here are a few guidelines for setting goals. Oh, by the way... you need a will also.
Goals Must be Specific
I want you to be specific and include details but start rough. When you start rough for example, you want a Mercedes. You do not have to get into the details about what color, what options, that sort of thing, just write it down. Make your list huge, what kind of home do you want, what you want for your family, college education, spend more time, travel, anything you can think of. You can come back later and prioritize them and set them up as to what you want in one month, three months, six months, twelve months, then three, five, ten, twenty, thirty year goals. The more goals you have, the happier you will be, the longer you will live, and the more prosperous you will be.
Goals Must be Believable
Remember this, your goals must be believable, by you, or you will not pay the price. They must be believable, they must be just out of your reach, but you must know you can reach them, if you really strive to do it.
Goals Must be Measurable
You cannot set a goal to be financially independent. There is no way you can measure that. You need to set a goal for the amount of income you want per month, per year, the amount of equity that you want in properties - one, three, five, ten and twenty years. It must be measurable. That way you can break it down to what I call "reduce it to the ridiculous". If you know you want to earn $100,000 a year, you know that is $8,333 per month. That's just one deal a month where I live. One of the things I have learned is, successful people set their goals quickly and they make adjustments as they go along. Just like successful people make decisions quickly, they do not vacillate in indecision or what I call sometimes; get mixed up in a funk of negativity.
Goals Must be Congruent
Your goals must also be congruent with your actions. You cannot set a goal to work harder, longer hours AND a goal to spend more time with your family. Those are not congruent. They must be congruent with your actions.
Visualize What You Want
Another good thing that will help you with your goals is to visualize what you want. If you see yourself as already having achieved the goal, you will fake out your mind and your mind sees the goal as already having been achieved. It's called "fake it till you make it". I used to do this all of the time. Just take a minute or two each day and think about life as it is with your goals already accomplished. It's really easy when you get used to it.
Work Your Goals
The next thing you want to do is work your goals, work on the priority that moves you closer to your goals every day.
Number Your Goals
Number your goals in the order of importance. Not only is the goal important but so is the reason. Sure your want a car, but why do you want the car? Sure your want more money, but why do you want money? You want to be able to spend more time with your family, you want to be able to travel, you want to buy a Hummer, and you want to have an ocean front condo or send your children to the best college. Whatever it is, the reason must be there. The reason is more important than the goal itself.
Review, Monitor and Make Adjustments
Another thing you need to do is review, monitor and make adjustments on your goals. You have to be flexible. Some things are not going to happen, you have to face that; but you need to continuously strive to get better every day. If you will work harder on yourself than you do on your job then you will always be growing. Remember that last sentence and write it down as it is worth repeating.
The Goals Must Have a Deadline
As I mentioned first, your goals must have a deadline. A goal without a deadline is just a conversation. When beginning to set your goals, I want you to set your goals in four basic areas:
Financial
You will set goals based on income, equity or net worth and cash flow. All of these are financial goals.
Fitness
This is your health. If you don't feel good, chances are that you are not working at your maximum capacity. So, I want you to set some fitness goals to stay healthy. Remember "an apple a day"? What if this is right and you are not doing it? Start small though, you don't try to tackle all of these at once; but you need to be healthy not only for you but for your family as well.
Family
Set family goals. What is an example of a family goal? Maybe you want to take four vacations a year. Maybe you want to visit a new state, three times a year or five times a year. Maybe you want to go see the Grandparents two or three times a year; but maybe not. Anyway, you get the point.
Faith
You need to set some spiritual goals, some faith goals. I am not going to get into a lot of detail about that but that will help you along your way. Remember, if you slip in one area of your goals, you are probably slipping in some other areas. Another thing I want you to think about is the people you associate with. Take a minute and think about this. If you think about your ten closes friends annual salary and divide it by ten, then that is pretty close to what you make. I'm not telling you to get rid of your friends, all I'm saying is whom you associate with, is who you are like, so please keep that in mind. Don't get rid of your friends, just get some more that are where YOU want to be financially. Most of the people I hang out with now, we all make over $500,000.00 a year. That just blows me away. I never imagined I could make that kind of money…. Well I guess I could, as we are talking about goal setting and visualization aren't we? Thanks and I look forward to working with you.
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