Posts Tagged ‘real estate agents’

Property owners are often faced with the question of what method of selling property they should use. There are many ways to sell your property, but it is important to notice that each one has its own risks and rewards. Here are 4 options when selling your property:

Method 1: Using a Real Estate Agent
This is by far the most common way of selling a property and includes paying a licensed estate agent commission to sell your property. By no means is this a legal requirement when selling property but for those who are selling for the first time, this should be a serious option. Not only do real estate agents bring experience and knowledge to the table but they are also skilled in negotiating and closing deals – both things that can be very daunting for a first time seller.

Method 2: Sale by Private Tender/Set Sale
When you put your property up for sale by tender, you set the terms, conditions and the deadline while prospective buyers have the opportunity to put forward their competitive bids. The individual bids are not transparent and tenders are asked to seal their offer in an envelope and deposit it by a predetermined date and time. The seller then opens the tenders together and chooses the best one. This method of selling is a great way to get the maximum sale price but at the same time it reduces the possibility of achieving a result higher than expectations.

Method 3: Sell at an Auction
When using this method, sellers introduce a starting price and potential buyers bid against each other. The final price is decided by the highest bidder, which means that the sale price can be higher than expected in some cases. This is an expensive way to sell but it can be very beneficial especially for property that has the combination of being both unusual and sought after.

Method 4: Do It Yourself
This means that you, the seller, would be doing the job of a real estate agent and naturally means that you would need some knowledge of the process of selling property. You would be handling all tasks including marketing and advertising property, arranging viewings with potential buyers, negotiating prices and making legal and financial arrangements for the transfer of the property.

No two property sales are ever the same and different methods of selling are suitable for different circumstances. It is important to do research and find the right way to sell your property to ensure the maximum sale price.

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Author: Elizabeth Mclachlan
Article Source: EzineArticles.com
Pressure cooker

Buying a home is one of the most exciting times in a person’s life. Not only is it a huge financial investment but it can also turn out to be one of the best assets later in life. When buying a home, it is viewed as a long-term decision it typically tends to pay off and be a smart investment. The proper way to go about making this type of monumental decision is to define your goals and how you plan on achieving them. This, of course, relates to all parts of life not just buying a home.

Setting Goals

As you examine your goal on buying a home there are several things that need to be taken into consideration. The most obvious is how much home you can afford. This is a very important question because you may be paying on your home for the next 30 years. You don’t want to be strapped month-after-month just trying to make your mortgage payment or worse, losing your home because you get behind on your mortgage payments.

The length of time you plan on owning your home should also be evaluated as you develop your goal to buy a home. You may be buying your very first starter home or planning on building your dream home. It is important to know because it will affect many of your decisions later down the road.

Pre-Approved for a Home Loan

Getting pre-approved for a home loan is a critical step in the home buying process. It tells real estate agents and home sellers that you are serious about buying and know what you can and cannot obtain. Nobody likes to have his or her time wasted or works for free so be courteous and prepared when you start the home buying process. Getting pre-approved for a home loan accomplishes several critical items. First off, you find out what a bank is willing to lend you and secondly, you can find out if there are any problems areas that need to be fixed within your credit history.

Down Payment

There are several types of programs available for first-time homebuyers to get into a home without having to save 20% of the purchase price as a down payment. However, many lending institutions like to see at least 5% saved for a down payment. There are advantages to being able to put 20% down on your new home purchase. Maybe the most important, you won’t have to borrow as much money and save in the long run. Also, most lending institutions require private mortgage insurance if the 20% is not met. This just adds cost to your overall home loan and increases your monthly mortgage payment. Plan on saving as much money as you can before buying. Put together a monthly budget that allows you to save, save, save.

Schools, Neighborhoods, and Time

Price is usually the motivating factor when buying a home and often times dictates the neighborhood you live in. In all honesty, this should not be the case unless it fits with your long-term goals.

If you have children you may want to check out the schools in several neighborhoods to find one that will suit your children best, ones that have easy access, and transportation.

If you spend a lot of time at work, which most of us do, you may want to drive the commute during the rush hours to see what you will be dealing with. This goes for any other important places that you will be frequenting. The key is to determine if you can live with the time it takes and possibly the lack of convenience of getting to your destination. Many times this most likely is not an issue but don’t you want to know that you will be sending an hour and a half each day on the freeway?

Must Haves

When buying a home we all have our wish list. On this list we have things that we must have and things that would be nice to have. This list comes in handy when the cost of having everything on the list outweighs what you can afford. Typically, the more things you require the higher the price of the home. Know what you can do without in order to control those costs.

Tips for Buying a Home

• Shop and compare home loan products
• Know your needs and wants in a home
• Take your time – don’t rush
• Be persistent and check the market daily
• Don’t make hasty decisions
• Don’t spend more than you can afford
• Get a home inspection

Boise Real Estate is a fast growing, quickly changing environment. BoiseRealEstateInfo.net provides resources, statistics, and information for individuals and families looking at moving to Boise Idaho.

Author: Jason Deines
Article Source: EzineArticles.com
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Selling your home by owner (FSBO) can be quite a hassle, especially if you are doing this for the first time. There are a number of pointers you should look into before you embark on the home selling process.

For anything you do to be successful you must have a plan. You need to plan how you are going to sell your home. The plan for Selling your home by owner (FSBO) should be well done so as to achieve your goal. There are a few pointers one can look into when they are selling a house. Some of them are motivation for selling, buying a new home, using real estate agents and whether to sell before buying another home.

The motivation for Selling your home by owner (FSBO) can vary from one to another. The best motivation would be if you want to buy a better home than the one you currently have. However, the motivation could be due to financial straits. Of these two you are more likely to be more careful if you are planning to get a better home. This is simply because it means you have saved up some money and you just need some additional capital to be able to buy a better place. If that is the case then there is no pressure. Unfortunately for those selling due to financial straits, there is more pressure because of the stress related with being in this kind of financial position. You will find that the house might be sold for a throw away price due to the pressure of getting some money from it as soon as possible.

When Selling your home by owner (FSBO) you should also consider real estate agents. Consult several of them and you will be amazed at how many different offers you will get. Before you do this you should first get an evaluation of the house by different parties. Real estate agents are all over the world. Most of them can also do evaluation of your house but it would be better if you consulted with estate evaluation agents to get a more realistic figure. They can also give you tips on how to sell your house depending on how much they are willing to inform you. Once you have done the proper research and planning, Selling your home by owner (FSBO) should not be a hassle at all.

If one is not careful, they might fall prey to con artists who may swindle you out of your home and leave you without a house and payment.

John is the author of Chicago Flat Fee MLS articles for Flat Fee MLS Listing. You can find more information at Chicago Flat Fee MLS.

Author: John R Roberts
Article Source: EzineArticles.com
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Are you somewhat confused by all the terms that real estate agents throw around like nothing?

Well don’t worry, I can assure you that you are in good company.

Lets get a few of the basics out of the way and then we can move on to some of the specifics.

One of the first things you have to understand is that there are several components to the overall rental rate that you ultimately end up paying. There is the rent that you pay the Landlord for the use of their space, but also as a commercial Tenant you will also pay for the following items; the maintenance of the overall building, the property taxes, building insurance and management of the property. (I know, I know, it doesn’t seem fair to be paying for the management and maintenance of someone else’s property, but that’s the real world, so get used to it!)

There are basically two types of rents that you will be quoted when searching for commercial space.

They are Gross rents and Net rents. They are two separate ends of the spectrum of what is included in the rent. Gross rent is an all in rent. A true Gross rent includes all of the above mentioned expenses (Property taxes, insurance, maintenance, management, utilities etc. etc.) and any other expense that might be particular to a specific property.

Net rent is a type of rent that includes nothing extra. Net rent is simply the amount that you are paying the Landlord for the right to use their space for a specified period of time. In a single tenanted property the Tenant simply pays for all additional expenses themselves. In multi tenanted properties such as office buildings or multi tenant retail malls the Net rent is commonly accompanied by Additional rent (Also called CAM/Tax which stands for Common Area and Maintenance plus Property Taxes).

The Additional rent covers the expenses mentioned above. The Additional rent is usually an estimated amount based on the previous years operating expenses. The total expenses for the property are added up and then divided by the rentable square footage of the building. The expenses are then allocated to each tenant proportionally to the amount of space that they have of the building. So if a building has 10,000 Sq Ft of rentable space, and a tenant has 1,000 Sq Ft retail store, then they would pay 10% of the total expenses. The Additional rent is quoted on a per Sq Ft basis as well.

In different parts of the country the rents may be quoted differently. In Winnipeg the rents quoted are usually quoted as a price per square foot per year. In other parts of the country they may be quoted as price per square foot per month. When in doubt, ask.

About the Author:

Harry Logan is a Commercial Realtor with RE/MAX executives realty in Winnipeg, Manitoba, Canada. Harry represents Buyer’s & Seller’s and Landlord’s & Tenant’s in all aspects of Commercial Real Estate including the Leasing and Sales of Retail Shopping Centers, Apartment Blocks, Investment & Income Producing Property, Industrial & Warehouse Space, Office Leasing and the Sale of Businesses.

He can be reached at 204-667-SOLD (7653) or through his website at http://www.WinnipegCommercial.com

This is not intended to be Legal or Tax advice. Please discuss these ideas with a competent advisor.

Author: Harry Logan
Article Source: EzineArticles.com
Electric Pressure Cooker

Occasionally, one can see For Sale By Owner signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Toronto real estate agent. Before you decide to take on this very important and legally complicated process remember not even most real estate lawyer’s recommend selling your own home yourself in today’s market. Here are a few of the reasons why:

1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate agent will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.

2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long there must be something wrong with the home.

3. The selling/buying process begins AFTER the buyer leaves your home. If a real estate agent does not represent the buyer, and they are looking on their own they usually leave the home and start to talk themselves out of the buying process. If the buyer is represented by a real estate agent are trained on how to overcome buyers remorse is a very common occurrence.

4. Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home selling means exposure. You need the maximum exposure possible, to generate the highest price possible.

5. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.

6. Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.

7. The majority of qualified buyers are working with experienced real estate agents.

8. Many serious buyers will pass by a FSBO home merely because they recognize that it is not in the real estate mainstream, this can sometimes make them wary.

9. As most local buyers now retain an experienced real estate sales person to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.

10. Expected savings in broker’s fees will also be greatly reduced if you offer a selling commission to entice real estate agents to bring potential buyers.

11. If you are planning to use a Lawyer to help you negotiate the offer, then your lawyer’s fees will be considerably higher.

12. Only real estate agents have access to the up-to-date market information. Real estate agents are involved in home sales much more frequently than the average homeowner is. This familiarity leads to a degree of expertise that provides an edge on negotiating and successful selling.

13. You only pay the commission to the real estate agent, if they successfully sell your home at the price you are happy with.

14. Accepting an offer is one thing, ensuring a safe and successful closing is quite another. Real estate transactions usually always have problems on closing. At times, expecting the Buyers and Sellers Lawyer’s to fight it out or resolve the problems, can sometimes mean the deal is lost. Your real estate agent can act as a great mediator, lawyers MUST act only on their client’s instructions and are not paid to negotiate.

Evan Sage is an award winning Toronto Real Estate Agent specializing in working with clients who are downsizing their homes in Rosedale, Lawrence Park, Lytton Park, Hoggs Hollow and North Toronto. Evan works hard to instill in his clients the confidence to make the right purchase or sale decision. He achieves this by demonstrating a superior knowledge of Toronto real estate and by by educating his clients through the entire process.

Author: Evan Sage
Article Source: EzineArticles.com
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Many people want to buy property overseas in a sunny, stress fee destination. However in their haste they lay themselves wide open to all the pitfalls that may occur. A little time and thought before hand will ensure that when you buy property overseas, you are making the right choice.

Why do you want to buy property overseas?

1 – Will you buy property overseas as an investment only?. If so then you need to think about off plan property, rental guarantee or buying in an area which potentially is not fully developed. for example the resort of Altinkum in Turkey has property starting from as low £17000 purely because the infra structure is not fully established. The potential rise in prices over the next ten years could see you making more than 50% profit.

2 – Will you buy property overseas purely to use as a holiday home? If so be realistic, you might like that villa in Florida but will your children like the 8 hour flights four times a year? Can you afford frequent flights? Have you visited the holiday destination before hand? You will be amazed at how many people buy property overseas when they have never visited the resort before.

Remember to research.

Once you have established whether you are buying property purely as a holiday home, investment or both, then the next step is to move onto research. In the current day and age with the popular use of the Internet there is no excuse for not researching before hand.

1 – Forums are great to research the topic of buying property overseas. Join in with as many as possible and ask questions as you will find a lot of members who have been there and done it and can tell you which agents to avoid and the pitfalls to be aware of.

2 – Many real estate agents now have blogs. Type your phrase IE “buy property overseas” into Google and then ask it to search blogs instead of the web. When you come across a blog post that you like, you have the ability to ask the agent questions. If they are a good agent they will respond with 48 hours.

3 – If you find a company that you like then email them with a list of your questions. Have these questions already prepared on a list of paper as you can be sure that buying property overseas is the equivalent to information overload. Ask the agent for a company profile, previous customers telephone numbers that you can ring. Any good company will not hesitate to give you these.

4 – Viewing trips. Please bear in mind that if you book a viewing trip with one company and then go off viewing property with another company whilst at the destination, that this can lead to very big problems. If you are not 100% certain that you will buy a property from a certain company then it is better to book your own flights, accommodation and arrange an appointment to meet whilst at the destination.

Last but not least, is to take your time. Don’t be rushed if you are not 100% certain that the property is for you.

If you want to buy property overseas then consider Turkey as a wise investment because of the potential for growth and return on your monies. Our portfolio of apartments and villas starts in price from just 18,000.

Whether you want to buy property overseas to use as a holiday home or for an investment, Turkey ticks all the right boxes. If done right then it can be a worth while investment and provide enjoyment for years to come.

Author: Natalie Sayin
Article Source: EzineArticles.com
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