Posts Tagged ‘Investment Tips’

Overseas property investment is more popular than ever. You can make triple digit gains and many investors do, but many lose heavily, so what seperates winners from losers?

Here we are going to give you tips for overseas property investment that will help you enter the small minority who make the big profits and make your overseas property investment a success.

Here are your 4 tips for overseas property investment success

1. Look for best price in terms of risk – reward

Many people when trying overseas property investment simply look for the cheapest price they can find and assume that prices will go up in value and they make all sorts of projections but thats all they are projections and not based on reality.

In most instances the cheapest properties do have high profit potential if the market takes off, but in most instances they don’t.

Many investors find their overseas property investment was cheap when they bought it but gets cheaper!

The way to avoid this sceario is to buy property that may not be the cheapest but has the best potential for reward in relation to risk.

This means buying a market that has taken off is attracting investment and has a track record.

2. Buy a trend in motion

Investors in any market to do with money know that “a trend in motion should be bought” and this applies to overseas property investment.

Regardless, of whether you are buying a villa, a vacation home, or a condo, you want the location you buy to be rising in value.

It’s a fact that if you have a property trend in motion its likely to last for decades, as steady and rising investment attracts more investment.

For example, in Central America Costa Rica has been the leader for years and many investors have made 30 – 100% profits annually.

Many investors however have decided there is more potential in “newer markets” such as Honduras, Belize or Nicaragua, but the risk is higher and a long term trend is NOT Established.

Costa Rica has huge established expat community and record investment and the fact that a huge community exists means it’s popular and will grow.

Will potentially unstable and poorer countries come to rival it? Maybe, but you are buying potential and NOT a long established trend.

It’s for each investor to decide how much risk they want to take in their overseas property investments – A proven market with solid gains and an emerging market with higher risk reward.

Keep in mind that with most new overseas property investment hot spots they remain “hot” for a while and quietly die.

3. Be careful with location

No matter what country you make your overseas property investment in, don’t buy unless you are buying near developments or infrastructure that will see real estate values rise in price.

Don’t buy in an area you think will become popular. Buy in an area you know WILL become popular as it’s either near new infrastructure such as roads, marina’s etc, or near resorts that are likely to expand.

4. Make sure you know the country

Is it stable, how popular is it, what are your rights?

When buying you need to do a complete review and make sure it’s a safe and stable market for you to invest in.

Get a good realtor with solid track record to help you and don’t try and save by doing your own legal work!

Get an attorney who knows the law and make sure your overseas property investment is done correctly.

Tips to maximize rewards

The 4 tips above for overseas property investment will allow you maximise your rewards and minimize your risks.

You can make more by not following these tips!

The above tips in overseas property investment are ONLY for investors who want solid rewards with low risk – not pioneers who want to take chances.

Be a pioneer if you wish, many made huge gains but remember most took arrows!

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Author: Sacha Tarkovsky
Article Source: EzineArticles.com
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Selling your home is a big decision and requires a lot of work. Every bit of prep work you do helps you get the most return from your investment. Following are 5 tips to help with the home selling process:

1. Investigate the local housing market

Visit the large real estate sites, such as Realtor.com, to see how similar homes are priced in your neighborhood. Check your local newspaper for a listing of selling and asking prices of recently sold homes. Many newspapers will also list the length of time the homes were on the market. Use the prices for your neighborhood over the past several months as a reference point of what your home is worth.

2. Select an agent

Some home sellers opt to sell their home without an agent in an effort to save the 6% of the selling price that a broker typically collects. Don’t forget about the work involved in marketing the house and being available to show it at any time. If you decide to work with an agent, be sure to ask for referrals from friends. Make an appointment with the agent and interview him or her for the job. Ask the agent for thoughts on the selling price to ensure it is comparable to the homework you did. Be wary of agents who boast an inflated selling price. Go by what you know about the current housing market in the area and what you know about your house.

3. Educate yourself on the Commission Structure

Upon finding an agent to work with, you will need to sign a listing agreement. The listing agreement is a contract that outlines the specifics of your arrangement, such as how long you will let the agent represent your home and what the compensation will entail. Be sure to include relevant information, such as when you want the house off-limits for walk throughs.

Some agents will request an exclusive listing which means the property will not be offered in the local MLS and the listing broker will not share their commission with other brokers in the event the house is sold within a specified time frame. In this situation, you should commit to no longer than 3 months to avoid being locked into a bad situation.

Commissions can also be negotiated. For more expensive homes, agents may consider lower commissions of 4 or 5 percent (instead of the usual 6 percent). Or, in a buyer’s market, consider offering a higher commission if the agent sells the house within a certain percentage of your asking price.

4. Prepare for an Open House

Regardless of whether you are a For Sale by Owner or are working with an agent, you’ll need to ensure your home is up-to-par to show to prospective buyers. Remove clutter from every room by packing up what you won’t need in the short-term or by organizing a garage sale to thin things out. Move any unneeded furniture into storage. Paint the interior and/or exterior if it looks worn. Keep the lawn mowed and plant flowers (if it’s the right season). Fix known items, such as roof leaks.

Next, settle on an asking price. To price your home, take a look at what comparable homes are selling for in your neighborhood. Your agent should provide you with sales information as well and help you determine a strategy for pricing your home higher or lower.

5. Execute Good Timing

Research the average length of time homes are on the market in your neighborhood. Price the house according to when you need it to sell.

Your agent will provide guidance on how to respond to bids. Make sure your agent reviews the contingency clauses included with the bid. As a general rule of thumb, it’s not wise to sell your home with a contingency that the buyer must sell their home first.

Restrict the buyer’s contingencies within a specified amount of time. For example, if the sale is contingent upon the home passing an inspection, then get the inspection scheduled within 7 to 10 days of an accepted bid. As far as the closing date is concerned, ensure the buyer commits to a reasonable date, such as 45 to 60 days from acceptance.

Hilary Basile is a writer for MyGuidesUSA.com at http://www.myguidesusa.com, you will find valuable tips and resources for handling life’s major events. Whether you’re planning a wedding, buying your first home, anxiously awaiting the birth of a child, contending with a divorce, searching for a new job, or planning for your retirement, you’ll find answers to your questions at MyGuidesUSA.com.

Find tips and resources for buying and selling a home at http://buyingandsellingahome.myguidesusa.com

Author: Hilary Basile
Article Source: EzineArticles.com
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