Posts Tagged ‘guru’

Experience has taught us that only 10% of people who actually read any kind of report. Whether related to health, personal finance, or real estate – will follow through by using the report to their advantage. You can be part of that 10%.

As one real estate guru once said, you’re NOT learning how, you’re only reading how. The only way you’re going to make an intelligent sale of your house is to use the recommendations contained in this report and sell your house fast. Important!

When the clock is ticking, inexperienced homeowners blindly go through a sale process that tends to drain their financial resources. We’ve seen too many cases of people waiting up to 12 months to sell their home. Because they don’t know the real estate market that well, and because they may have been lied to by the Estate Agent. Sell your home fast with our expertise.

What happens when inexperienced homeowners decide to sell their houses on their own?

Fact # 1: They take the plunge into the real estate market with zero experience.

Fact # 2: With no market experience, they have no idea what price to ask for. The newspaper ads are not an accurate indication.

Fact # 3: Their lack of experience does not provide them with the right negotiation skills to gain the upper hand in the transaction.

Fact # 4: They get into a head-on collision with renovations and repairs for fear that the buyer might later file a claim against them (in some cases, most of these repairs are unnecessary).

Fact # 5: They aren’t necessarily aware of the legal and tax implications in selling their house.

Don’t get caught in a maddening stampede. Don’t be trapped in an endless wait. Be warned ahead of time. What are the potential frustrations a homeowner is likely to face? Do you know that when you take the real estate agent route, it may seem like half the battle is won because you think that the agent will take the ball and run with it?

Actually, that isn’t the case at all. The battle isn’t half won, it’s only just begun… Imagine:

1. First step: finding a real estate agent. What criteria or qualifications are you looking for? How can you verify that he or she has the experience and expertise? Where exactly can you find a reliable real estate agent?

2. Assuming you’ve found one, the agent will probably take a look around and advise you to do 101 renovations in your house before he/she agrees to take it on. Result? More time and money on your part.

3. Consistent upkeep of your house for viewing purposes is physically draining.

4. If a buyer is found, how much longer do you wait before you know that the mortgage documents are in order?

5. What if that buyer is in a chain? You wait again before the buyer can sell his property to purchase yours.

6. What if… The real estate agent does not return your calls, the real estate agent has other more lucrative properties to sell and neglects yours midway, the buyer changes his/her mind or the mortgage is not approved?

Think long and hard about it. You need time to work with you, not against you. Do you honestly want to go through the traditional methods of selling property? Do you really have the luxury of time? There are things in life that happen that make us unhappy. Selling a house without guidance and due diligence is one.

In your estimate, how many hours – days – will it take you to “stage” your home for prospective agents, and then later for potential buyers? You may want to double or even triple your estimated time if you and your spouse work and there are young children in the family; §

How are you going to react if people don’t show up or the real estate agent acts in such a way that you’re feeling abandoned through no fault of your own? § Will you be able to “sniff” and filter out the serious buyers from the frivolous ones? Experience proves that more than half of people who show up at your doorstep won’t even have a pre-approved mortgage or have no intention of buying a house. We call them the curious and the snoops.

Without qualified and screened buyers, you can’t get into the transaction stage. The first step is where to look for the buyer who will be the next proud owner of your property. Our service takes you right into first base. You’ll get a service that has been through repeated trial runs. Strategies need to be tested and taken for frequent spins before anyone can lay claim that they work.

There’s one more thing we learned about from a leading UK mortgage company: Using the Internet or a do-it-yourself “for sale” sign would take about six months before a sale is concluded;

The complaints are usually about agents who work for the larger outfits who are recognized in their field. If your agent causes your property to remain unsold for too long, this is a major obstacle. Buyers will get suspicious about why your house has still not been sold in spite of the housing boom… Ever thought what a laborious process selling your house with an agent entails?

Let’s look at this timetable -

Meeting and discussions with agent 1-2 days Agents takes photos of home, notes down dimensions, draws up particulars, puts an advert out in the paper (and hopefully, on the Internet) 3 weeks Repairs, enhancements and improvements to the home.

At least 2 weeks (could take longer) Viewings may begin… 5-7 weeks after initial meeting with agent Number of viewings seller needs before receiving a decent offer 10-15 Buyer is found, but needs to arrange a mortgage or sell his house first 5-6 weeks Legal documents have to be drawn up 2 weeks.

Finalization of transaction 1-2 weeks (if all goes like clockwork) This timetable depends, of course, on the efficiency of the real estate agent, on the genuine intentions of the buyer, and on the lending institution coming through, as well as the diligence of your and the buyer’s solicitors. Yet we all know that things do fall in between the cracks.

http://www.24-7-cash4homes.co.uk

Author: Nick White
Article Source: EzineArticles.com
Low Cost Prototype PCB

Real estate investing is about more than picking up a property cheaply and reselling it at a profit. While how-to books and real estate guru seminars may make it seem easy and risk-free, there is a reality to real estate investment. To learn more about the potential downsides of real estate investing, keep reading.

It Takes Capital

Typically, real estate isn’t considered a quickie investment, and your capital can be tied up for a long time. A down payment on a home can’t always be taken out and withdrawn in the case of a financial emergency or the need for quick cash.

That capital could also be used for other investments. For example, let’s say you invest $20,000 into a home that winds up not appreciating at the 8 percent annual rate you hoped it would. Instead, it depreciates and then eventually appreciates at a low 4 percent rate. That $20,000 could have made more by investing it wisely in a diversified investment portfolio.

Returns Will Vary

Like any investment, other than GICs (Guaranteed Investment Certificate) or guaranteed savings programs, your returns are going to vary. While real estate is more stable than, say, the stock market, that doesn’t mean you can bank on a 10 percent annual return.

You Will Pay Capital Gains Taxes

Taxes can slash your profits on your real estate investments if you’re unprepared. While there are deductions and capital deferral programs available to real estate investors, you need to understand the law and be prepared to apply it to your own circumstances.

Closing Fees and Transaction Costs can Reduce Profits

Unless you’re savvy enough to handle your own sales, you’ll have to hire a real estate agent, meaning you’ll have to pay commission. In addition, most investors will need to pay closing costs, title insurance, inspection rates, legal fees and more.

Typically, the costs associated with any real estate transaction usually hover around 15 percent of the transaction, whether you’re buying or selling.

There is Work Involved

While a real estate investment normally does reward sweat equity, that also means you have to put it in. Unlike stock market investments where it takes little more than cash and a telephone or a computer to make an investment and see a possible return, real estate investment involves getting out of your chair and a lot of leg work.

Whether it’s driving out to sale sites, attending home viewings, cleaning properties, maintaining rental units, upgrading or renovating houses or preparing a house for sale, it’s all hard work that you’ll have to put in. So, before you jump into real estate investing, make sure you have the time and energy to invest alongside your money.

For information on exciting real estate locations, visit http://www.realestatelocale.com, a popular site providing great insights concerning home purchase ideas, such as Manchester New Hampshire real estate, Senoia real estate, and many more!

Author: Hunter Craig
Article Source: EzineArticles.com
News of Solar Power and Alternative Engery

We’ve all seen those ads by real estate agents in magazines, on TV, and on the radio promising they can sell your home quickly and for top dollar. These agents spend tons of money to run those advertisements and are actively scouring the streets for people who need to sell their home. They’ve built their businesses on getting as many signs with their name on it in as many yards as possible. Most every real estate agent seminar out there preaches this strategy and Realtors pay top dollar to hear this insider only advice. And the agents who go out and advertise strictly for home sellers do actually sell a lot of those homes every year.

But there is a dirty little secret to this that none of them ever want to talk about.

If you look at their numbers on a monthly or yearly basis, you’ll find that many of these mega agents only sell about 30% to 40% of the homes they list for sale. Why? Because they spend all their advertising dollars on finding people who want to sell their homes, not finding home buyers! Spending money finding people who want to buy those homes just isn’t in the budget. And if you bring this fact up at those real estate seminars, the guru up on stage will say things like “its all just a numbers game” and move on to the next topic. The guru knows that if you have 100 listings, 30-40 of them will most likely sell in any 3 to 4 month period.

Now most of the agents who run their business like this are genuinely good people and I’m not writing this to badmouth them. When you sign a listing contract with them, they seriously want your home to sell in 2 days so they get a commission check. They’ll put your home in the local MLS just like every other agent and hope that things work out in the end. If things don’t go as planned, they’ll send you a letter or you might get a phone call from them asking you to relist your home at a lower price. If you decide to go with someone else, they’ll quickly forget about you and move on to the next house.

I’m sure I’ll catch a lot of grief from agents all over the country for saying this, but it had to be said.

The National Association of Realtors reports that 80% of home buyers use the internet as a source when they buy a home. It is at this point most people realize that if you’re selling your home, you need to get your home in front of as many potential home buyers as humanly possible. If your agent is spending those commission checks paying for more TV, radio, and magazine ads trying to find more people who want to sell their homes instead of buyers for your home, you’re getting a raw deal.

Did the light just go off in your head and did I hear your brain go clunk? Good. Keep reading.

The other little secret in the real estate business is that getting your home in the local MLS is the single most important factor in marketing your home regardless of what your agent might say and accounts for about 75% of the marketing process. Think about it, getting your home in front of real estate agents who get paid to find buyers is the single best option you’ve ever had or will have in the foreseeable future. But everyone selling their home using a real estate agent gets in the MLS anyway. In today’s competitive market, how you allocate the remaining 25% of your marketing strategy will definitely make the difference between selling your home quickly and the frustration that comes with having it sit on the market for months at a time.

So all things being equal, wouldn’t it be smarter to list your home with a local agent that advertises for buyers and has hundreds, if not thousands, of potential home buyers on their website every week by featuring your home on their website since you listed with them?

It’s a no brainer.

When you’re selling you home, the ONLY thing you should care about is getting your home in front of as many potential home buyers as humanly possible! You shouldn’t care whether or not your agent has their face on a billboard or does flashy TV and radio commercials. Getting 10, 20, 50, 100, or 200 potential buyers on a local real estate website to look at your home every single week will increase the odds that someone will buy it. “Its all just a numbers game”…sorry, couldn’t resist.

So the bottom line is when you’re selling you home, look for are local agents who heavily advertise for home buyers. You can find these agents by doing an internet search. After all, this is how 80% of home buyers mentioned in the National Association of Realtors study are finding them. If you put yourself in a home buyer’s shoes, you’ll realize they’re looking for local agents with homes for sale and no barriers to being able to easily search. If the agents advertising for buyers require registration before searching for homes, that agent probably isn’t a good candidate because home buyers typically don’t like divulging their information. They just want to see homes for sale and don’t want to run the risk of being e-mail spammed or hassled on the phone by real estate agents.

There is too much at stake in today’s buyers market to leave the sale of your home up to chance. Smart sellers know that taking ever single advantage available to them counts and sometimes the obvious or popular choice isn’t always the best.

You don’t need to register at the Sanford Rosser and Associates website to search our Atlanta Real Estate MLS database that is updated daily. At our site, you may also view Alpharetta Georgia Real Estate and Marietta GA Real Estate

Author: Sanford Rosser
Article Source: EzineArticles.com
Latest trends in mobile phone

I am wanting to know how to jump head first into the real estate market and get my feet wet while still making money. I do not have any experience what so ever, just a real urge to get into this market! I want to take classes but, I really don’t know what I need to take 1st and I want to start on my associates degree as a at-home work study but, I’m not sure what employers are looking for as far as education in the real estate world other than Business Admin. I hope there are some real estate guru’s on here to help a sista out! Thank you in advance!