Posts Tagged ‘Many People’

There are plenty of reasons why people would want to buy now during this real estate downturn and foreclosure melee. Statistically, in fact, people have made their fortunes by buying when everyone else is selling. It’s especially true when there are so many people “on the fence”.

However, there are many things to consider before jumping into the real estate foreclosure market. Many people have also lost fortunes because they were careless and did not do their homework.

Understanding real estate fundamentals is especially true during a foreclosure boom, just as they were during the real estate upswing. Having been personally burned during the heady real estate days, I can honestly say that anyone considering buying foreclosure properties should arm themselves with the facts before committing to the purchase.

There are plenty of reasons to be cautious about buying a foreclosure property. The number one reason to be cautious is that there are as many dis-honest agents out there as there are honest ones. In fact, they will tell you anything to get you to commit, obviously because they get a commission. And, of course, if there is a bidding war (yes these are happening now on the foreclosure buying front), they make even more!

30 years ago, my father told me, but I didn’t listen (who does?), that in real estate it’s all about Location, Location, Location. If your foreclosure agent is telling you it’s a great deal … it very well may be … but is it perhaps that nobody else wants to buy there? For example, I was scammed into a property in a terrible neighborhood in California. Worse, my deal was not necessarily a “good” deal. Now, I have a deadbeat tenant and nobody wants to buy it from me at ANY price.

Consider this next example. An agent comes to you to tell you that a development project is the “land of opportunity”, whether in foreclosure or not. The agent even tells you that he / she had also put up their own money into the project … that’s how convinced he / she was in this project.” BIG RED FLAG … No agent should need to tell you they have money in the project to convince you that it is a good deal. I personally have been burned on this type of “opportunity”. I’ve also heard from many people with similar horror stories.

People are drawn to the “get rich quick” ideas and often put their logic aside because of the dollar signs. Another old adage says that “if it seems too good to be true, it probably is.”

Here’s another example of the risks associated with buying a foreclosure. Most people don’t bother to read the fine print. This might include disclosures or title reports. Why is this important? Consider the example of a property owner who did not make his / her city utility payments for several years. You might make an offer on a foreclosure property “as is”. Once you take it over, you would be liable for back payments of thousands of dollars. Yes, that’s happened to me, as well … several thousands of unpaid utility bills were rolled into the property taxes.

There are plenty more risks to consider when buying foreclosures properties. On the other hand, if you understand the foreclosure risks, read the fine print, and study the fundamentals, you could end up rich … someday! Follow my blog, The Top 10 Gotchas In Buying Foreclosures, at 24x7housebuyer.com

David Chan is a “retired” real stand and loan professional. He shares his tips on avoiding foreclosure buying risks. Find out more about house buying tips, risks and rewards at 24x7housebuyer.com.

Author: David K Chan
Article Source: EzineArticles.com
Duty on LCD/Plasma TV

Prospective home buyers are cautious these days with the current housing market being so volatile. Is it a good time to buy? Are you scared to buy a home in this market? Many people are buzzing about the current state of homes for sale, bank owned, short sales, drastically reduced pricing. Wondering where and when things will bottom out? No one can tell you that, if they could then we would all know when to buy and when to sell.

Prices are at a very low level as there are many bank owned and short sales in the marketplace. The nicer ones seem to sell very quickly especially the bank owned ones as buyers get a fast response, usually between 3-5 days. This is much quicker than the months it could take on a short sale. Many homebuyers are tired of the wait on short sales and refuse to look at them. If you are a buyer and do not have to sell a home it is a fantastic opportunity to buy. Can prices still drop? Of course! Can they start going up? Yes, they can and likely will before too long!

By the time you hear that home prices are on the rise from the media you will have missed the lowest prices. Many people listen to the media and get scared to buy or jump into this market and sell far less than they need to when they did not need to sell at all. Believe it or not the media can actually play a part in hurting the housing market by constantly buzzing about the downward turn in the housing market. They never seem to report the positive parts of the market, why? Good news is just not news! Bad news is something to report as people seem to listen to bad news. Think of it this way, an accident is pulled off to the side of the road, people still slow down just to take a look and see the “bad news”! Bad news sells and good news is buried underneath all the top story lines. How many times do you turn on the ten o’clock news and the top story for the day is something positive and inspiring? Never!

If you are scared to buy even in this fantastic low priced market then maybe you are buying for the wrong reason. Buying a home should not be that scary if you look at it as your place to live and a long term investment. You still need a place to live, everyone does. The home prices will stabilize and then prices will creep back up. The moment it hits the news then people rush out to buy before prices go any higher. Then, you will be competing again for homes and homes will sell quickly and drive prices up. We can expect this to happen as soon as the media start to talk about the fact that home prices are beginning to be on the rise. If you wait for that to happen then you have waited too long.

Home prices right now are far lower than it costs to even build the house much less the cost of the land underneath it. If you are ready to buy and you are not waiting for your home to sell then it is absolutely a great time to buy. No one is going to be able to guarantee that you could not buy that same home in 4 months for a little bit less, if they could then we would all buy at the optimum time and sell when the selling market is at the top. Don’t think anyone anywhere has that answer to when home prices are not going to go down anymore or when they pricing is at their highest. If you listen to anyone that tells you they know prices are going to drop or not, then take a step back and find another source. As a real estate agent, I make sure and never predict that to any client as I certainly cannot predict or know for absolute certainty one way or another.

Nancy Niblett is a highly successful Real Estate Agent specializing in the Chandler area. She credits her success to hard work, integrity and honesty. Clients continue to refer her over and over again. Nancy is one of the most successful award-winning agents with Keller Williams Realty, East Valley. Have a look at inexpensive housing in Tempe, Arizona. You may prefer Power Ranch scenic homes in Gilbert, AZ.

Author: Nancy Niblett
Article Source: EzineArticles.com
Canada duty tariff

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!

FREE REAL ESTATE ADVICE NEWSLETTERS, PDF, DVD’s AND MORE

For more info on all aspects of investing in overseas real estate visit our website for a huge resource of articles, features and downloads and at http://www.net-planet.org/index.html

Author: Sacha Tarkovsky
Article Source: EzineArticles.com
Anti-angiogenic Food

Trying to sell your house today for what you bought it for 30 years ago is going to be very hard if you go by the conventional ways. You are going to have to find a different way in selling to get the price that you want for your house. I hope this article will give you some ideas that are a little different in selling your house.

You will need to understand right off that in today’s market the buyer has the ball in their court. Once you get that straight, then you can go about selling. You have to go about it the right way and do not sound demanding with the buyer. You need to act as if you are in no hurry to sell your home and that you have many people already looking and wanting to buy your house.

When taking a buyer on a tour of your house, you need to hold your head up high and smile. You need to act as if your house is wonderful and you are not desperate to sell. Make sure that you point out that other people are looking at your house.

Another thing is not to depend much on your realtor. They may act really excited to begin with, but after about 30 days and the house isn’t selling, they will go on to newer and better homes that they can sell. You should be able to sell your home better. Remember a realtor gets commission from the sell. This could be money in your pocket.

Finally, the last thing you need to do is place an ad in newspapers. Do not show in the ad that you are desperate. Do not put things in there such as “heading for foreclosure” or “must sell.” This is what the buyers are looking for when they are looking through the newspaper ads. They want to find the seller who will give away their house for nothing. You will never get the price that you are asking for if you do not plan your ad just right.

Do not let the state of the economy keep you from selling your house. There are guaranteed steps that will guarantee that you will sell your home. If you want to skip the part where you pay a realtor a big commission to help you sell your own home then Click Here

Author: Jackson Montgomery
Article Source: EzineArticles.com
Provided by: Guest blogger

There’s a good chance that you’ve wondered, at some point, if there was a way to sell your home quickly. By looking at your local neighbourhood, you can get a fair idea of which houses sell quickly and which take a long time to sell. Selling your home quickly is dependent on 3 factors: the market, the locations and the appeal of your home. There are also a variety of different things you can do that can get your home sold as soon as possible.

Believe it or not, your real estate agent has a lot to do with how quickly your home sells. It’s important to choose a qualified agent that knows your home market very well and who has been selling similar property for some time.

Take some time now to have a good, hard look at your home as if you were looking for a place to purchase. Jot down items that you consider to be good, unfinished, inappropriate or messy. Some people will have trouble doing this in an objective manner, therefore, it is recommended that you get some assistance from friends to do this properly.

There’s no substitute for a good, well thought out marketing plan as this usually results in the quick sale of a home. The more people who realize your house is for sale, the quicker it’s going to sell. Many people rely on word-of-mouth for marketing when, in fact, it is a slow process. In order to sell your home quickly, it’s highly recommended that you get an experienced agent and a well-planned marketing campaign.

Don’t forget to analyze the market, in particular, the type of property you have put up for sale. Be sure that the price is at reasonable level. You may consider reducing your selling price to sell your home much more quickly. If there’s a great deal on offer, many people would consider taking it up, especially if it’s good compared to others in the same market.

The main objective of all this is to sell your home of course. It’s no good putting your house on the market for an extended period of time because it’s unlikely that it will increase significantly in value over that time. To summarize, there are a handful of things that you need if you wish to sell your home as quickly as possible: a real estate agent with a lot of experience, a well thought out marketing campaign and assuring that your home has both interior and exterior appeal.

Jenni Snook is the chief writer of [http://www.Tips4SellingUrHome.com] a website dedicated to giving people important yet very practical tips on successfully selling your home [http://www.Tips4SellingUrHome.com].

Author: Jenni Snook
Article Source: EzineArticles.com
Cellphone, mobile phone

Selling a property can be one of the most stressful things you can do and unfortunately this event is sometimes forced on people. Due to external factors many people find themselves in a situation where they need to sell their home quickly. The operative word here is need rather than want. Often this is due to financial difficulties, divorce, separation, emigration or the threat of repossession and eviction. In these circumstances selling on the open market via an estate agent is not the ideal solution due to the time it takes.

Selling via an estate agent is the preferred route of most property sellers and accounts for 90% of all sales. The reason why this method continues to be so popular is that it allows the seller to get near the maximum price possible for their property (assuming they are using a good estate agent which is not always the case). Just a quick note on this: the market value and is the price that people are willing to pay for the property. Sounds simple but it is important to distinguish that the value of a property is what people will pay and not what surveyors or estate agent say. Most of us have seen (either on TV or through personal experience) 3 different estate agents value the same property and come up with 3 very different prices. They are guesstimates but many people chose the highest and hold on to this as fact.

Anyway, I digress. Selling via an estate agent normally takes anywhere between 4.5 – 7 months with 6 months being the average. It is also worth bearing in mind that 1 in 3 of these sales collapses down due to chain breaks. The buyer and seller then have to start all over again. So this is not the ideal solution if you need to sell your property quickly. Those who do are increasingly turning to specialist home buying companies as well as the traditional auction route.

Home buying companies can offer the best option to some people who need to sell their homes fast. So what can they offer:

1. Exchange in days and completion in less than a month
2. Guaranteed sale (they buy with cash or have pre-agreed finance in place)
3. Pay sellers legal fees up to £500 (which normally covers total cost)
4. No Estate agency fees
5. No HIP required by seller (as it is a private sale)
6. Many offer option to rent back if you are in financial difficulty
7. Some also offer option to buy your property at a fixed price in the future

That is basically it. You get a quick guaranteed sale with no fees to pay. So what is the catch – why doesn’t everyone use them? Well the biggest reason why they are only suitable for those needing a quick home sale is that they will only offer to buy properties at a discount. Normally, 20-30% below market value. Therefore if you have a house worth £100,000 they will offer to buy it at between £70-80,000. They take this discount as they are in a business to make a profit – they normally try and make a 5% profit for each purchase. 5% is normally all they get after the costs of buying, marketing, waiting for the property to be resold, and selling costs.

In conclusion, if you need a quick sale and are willing to sell your property at 70-80% of its value then this method is worth considering (it is approximately what you will get at an auction but you will incur more costs selling via this route and there is no guarantee it will sell). If you would just like a quick sale, then your best option is to use a very good estate agent.

Andrew Parry is an experienced property investor and Director of Quick Homebuyers Ltd. He has advised many people looking for a fast home sale or those who want to find an ethcial quick cash buyer.

Author: Andrew J Parry
Article Source: EzineArticles.com
Duty tariff