Posts Tagged ‘selling real estate’

Let me tell you a story that I recently lived. Six months ago I purchased a small house with only 4 rooms and a bath for a small price, and I said that I will sell this baby like hot cakes in maximum one month.

In the first few week, I think 2, I made some improvements: a new oven, a new fridge, new painting, all this to try to increase the value of the house and make some money from selling it. Guess what? I waited almost 4 months because every single person that visited my house had something to say. “It’s too little”; “I don’t like the paintings”; “We don’t have enough room for our family” and things like that. When I started searching on the internet why a house doesn’t sell I found that the Size is very important, Especially when you have a family with 2 kids and a dog. I realized that my house wont sell at what I was asking( of course I’ve added a profit to the asking price on the house). I was not sure what to do in order to sell that house, so I lowered to the price where I had no profit, only my investment back and made the St. Joseph prayer to sell my house.

What do you know? I’ve sold it in 2 days. I was happy because I’ve got that house out of my back. The buying and selling real estate process can be a profitable one but be sure that you know what you are doing. Now I know that if you want to make a profit by buying and selling houses you must evaluate your house correctly or you will stay with your house on the market for a long period of time.

St Joseph prayer to sell house

O, Saint Joseph,
you who taught our Lord
the carpenter’s trade,
and saw to it
that he was always properly housed,
hear my earnest plea.

I want you to help me now
as you helped your foster-child Jesus,
and as you have helped many others
in the matter of housing.

I wish to sell this [house/property]
quickly, easily, and profitably
and I implore you to grant my wish
by bringing me a good buyer,
one who is

eager, compliant, and honest,
and by letting nothing impede the

rapid conclusion of the sale.

Dear Saint Joseph,
I know you would do this for me
out of the goodness of your heart
and in your own good time,
but my need is very great now
and so I must make you hurry
on my behalf.

Saint Joseph, I am going to place you
in a difficult position
with your head in darkness
and you will suffer as our Lord suffered,
until this [house/property] is sold.

Then, Saint Joseph, I swear
before the cross and God Almighty,
that I will redeem you
and you will receive my gratitude
and a place of honor in my home.

Amen.

After searching for more information over the internet I found a guide that guarantees the fact that you will sell your house in 21 days. Interested? Read it HERE [http://SellYourHouse.ConsumerHonestReviews.com]

Read the review of the step-by-step guide that will sell your house in less than 21 days Click HERE [http://SellYourHouse.ConsumerHonestReviews.com]

Author: Nicusor Valentin Prefac
Article Source: EzineArticles.com
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Making profit from real estate investment is not only about sound buying and doing the right things if you are renovating for profit, you can also increase your profit by saving on costs when selling the property.

Most people use real estate agents to sell their properties and you can negotiate with various agents to get better deals so that you are not paying too much in commissions and advertising.

Another way to increase your profit is to sell your property yourself, without engaging the services of an agent at all. Depending on where you live, this saving can be quite large and can increase your percentage profits that you make on your real estate investments.

However, make sure you consider all the steps involved in selling your own house before embarking on doing so, as if you do not do this correctly, you may lose out in the end by either not selling your house within an acceptable time frame, or getting a lower price than what the property could have got with an agent. Here are some of the points to consider:

1. Do you have the time to sell your own property. If you have a full time job that isn’t flexible on time, and if your family or other commitments limits your after work hours, you may not have any time to sell your property. Selling your own property can be time consuming as you need to do open houses, answer phone calls from prospective buyers, conduct your advertising and marketing, conduct negotiations with prospective buyers and then complete the necessary paperwork and contracts once you have a buyer;

2. Do you know what to say to potential buyers when they come to inspect the house. You need to know how to deal with them and what to say, as this can make or break the deal;

3. Can you make your house look good? You need to make your property attractive to the buyer – this will help you get the best possible price and sell in the least amount of time;

4.What are you like at negotiating with buyers? Can you negotiate with buyers, even really difficult ones that might criticize your house and then offer a ridiculously low price. If you are the sort of person that gets emotional in negotiations and doesn’t like confrontations, you may want to take this into consideration as there are many people out there who aren’t the nicest when purchasing property. They are all out to get the best deal possible and not to make friends with you. You will also run into alot of time wasters, which can be very frustrating and tiring for you. Make sure you take this into account.

5.Can you conduct research into the local property market? Your potential buyers are going to know the local market and what property is worth. You need to have this kind of information on hand when dealing with buyers otherwise they can try to pull the wool over your eyes or they may lose confidence in you as a seller

6. Can you prepare a marketing plan? In order to compete with the other properties on sale in your area, you need to market your property just as well as theirs including doing property plans, brochures, listings on internet sites etc.

The potential is definitely there for you to save thousands of dollars by selling property yourself. The good news is that there is a lot of information available on the internet that can help you sell your property without an agent and take you through all the steps in doing so – helping you avoid the pitfalls and traps, and how to sell your property for the best price in the shortest space of time.

For more information, resources, tips, advice and help on how to generate excellent profits from Real Estate investments, visit Profit From Real Estate [http://profitfromre.com]

Author: Colin Lim
Article Source: EzineArticles.com
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There is one simple reason that people sell real estate notes, and that is to raise cash quickly. To achieve the desired result, however, you must make sure you’ve done your research: that you are selling to a reputable buyer or group of real estate note buyers, and that the buyer of the property you are financing has a reputable credit history.

A real estate note is the document created when financing the sale of a home or other (likely investment) property. Different categories of real estate notes include mortgage notes, land real estate contracts, and contracts-for-sale. Holding a real estate note means that payments are coming into you, but often, depending on the financing, those payments are small and trickle in, rather than providing a quick influx of cash. This is the reasoning behind selling to note buyers.

There are a couple of options when selling real estate notes. When choosing between these options, take into account your goal in selling the note. If you only need a smaller, quick influx of cash, it might be in your best interest to only sell a portion of the note. If you need something more substantial, you will likely want to sell the entire note. Whichever happens, the payments made by the buyer are the same-they will just make the payments to the new note holder instead of to you.

Selling only a portion of the note means selling “x-amount” of payments to the real estate note buyer. Many buyers will do this, but others will not, so be up front with how much of the note you would like to sell at the beginning.

While you will likely not get the true face value of your real estate note if choosing to sell it, there are other things to keep in mind when selling that will make sure you get as much value as you can out of the note. First, and most important, is that when selling, you should pay no up front fees to buyers. Most reputable buyers will check your buyer’s credit and give you a quote on the note without charging you any sort of “processing” fee.

Make sure that the note buyer checks the property buyer’s credit up front before quoting you on a price for the real estate note. A sign of an unethical buyer is quoting one price initially, then quoting a lower one later using the property buyer’s credit score as an excuse. This is a simple bait and switch and a strong sign that you should not deal with these real estate note buyers.

Get several quotes before selling. This can help to ensure you get the best value for your note. If possible, it is best to wait until at least six payments have been made on your note before attempting to sell; this is because buyers will be more likely to pay a higher price for a note that is considered “seasoned,” knowing that the property buyer is reliable in making payments.

Chances are, you will get somewhere between 20 and 30 percent less than the remaining value of payments due on the note. This is fairly standard, and though the discount seems steep, it is probably the best value you will get on the note. If you have not received an offer that is satisfactory, you can hold out until your note is more “seasoned.”

Selling notes that you hold can be a good way to get a quick influx of cash. Just make sure that you’re careful and don’t rush into it, and it can be beneficial for you and for the note buyer.

Stephen V. Richards is a real estate expert specializing in advising sellers and brokers on the best times to sell real estate notes to real estate note buyers. He has weathered the mortgage storm and advises a number of successful clients on managing their real estate contracts.

Author: Stephen V. Richards
Article Source: EzineArticles.com
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If millions of people sell their homes each year through an agent then that might suggest that private selling of real estate isn’t the way to go. Of course it’s not that simple and the premise that a person needs an agent is a false one.

It could be argued that even if an agent is actually required to sell a home, that the agent will at least make the sale easier or more likely. I have to say that there is no evidence to support either that an agent will get you more money or a quicker sale.

There are no industry figures comparing the two methods and even if there were the results would be at best ambiguous. So for better or worse we can only reason through the topic and make an educated guess.

The pro agent people (mostly agents) would argue that only an agent has the marketing clout and inherent skill to achieve the highest possible price in the shortest timeframe. But is that claim accurate or indeed verifiable? A cursory look at the question would tell you that there are to many variables e.g., is the agent a good one?
Is he acting in your best interests or his own best interests i.e. a commission.

All agents freely admit that price is the ultimate determinant of saleability, not the salesman’s ability.
Agents when talking amongst themselves always say that if a house is being reasonably marketed and remains unsold it’s the price that’s the main problem.

If one accepts that price is the problem then one would also have to accept that a lower price (through not paying thousands in agents commission) would help the home to sell faster.

Houses sell houses and the very best agents are the ones that show up. They oil the wheels and perhaps make the process a little easier. Some may in fact make it harder to sell.

At the end of the day it’s only pricing and exposure that sells anything…and that goes for houses or hot dogs. Ah I hear you saying…but what about the fact that the hot dog buyer is hungry? That surely is a factor? Yes it is and so is the taste of the hot dog. But all things being equal if two hot dog stands have similar food and are side by side the cheaper one will get more custom. Likewise if one hot dog maker has a superior tasting product it won’t mean a thing unless people hear about his superior hot dogs and that is known as (exposure)

So you see price and marketing exposure are all that really matters and up until recent times the real estate agents did have a huge advantage in that area. But now the playing field is far more level and FSBO’s can now get as much or greater exposure than some agents. How can this be? Simple really. The average, For Sale by Owner,person has just one house he needs to promote and he can spend more time and resources on that one product as opposed to the agent who may have a hundred properties that he is trying to do justice to.

Funnily enough it’s that very fact that most agents will point to as proof that you need them. They will use the analogy of having a supermarket to attract buyers with, while you haven’t even got a corner store to promote your one solitary product i.e. your house. Now I think that was possibly true to some degree years ago but now thanks to the Internet, the private seller can arrange his do it yourself house sale like the big boys. Using a private selling FSBO company and either his own sign or that of the company the average diy seller can get the marketing reach that eluded him in years gone by.

Now that’s not to say that selling your own home is easy without an agent but then who would be willing to bet that it is going to be easy with an agent?

Whether it’s easier or harder is debatable but what’s not debatable is the savings you can make by selling for yourself. The typical seller would save many thousands of dollars in going the diy selling route and those are often tax free thousands as well.

The key in all of this is that if one is going to sell their own home then they must attend to it in a manner that gets professional level exposure. The best way to do this is to spend a small amount of the saved money on quality marketing.

We aren’t talking rocket science here. Simply set your price as accurately as possible and then tell everyone you can about your real estate…. and that means more than just a For Sale sign in your front yard.

Author: Andrew Blachut
Article Source: EzineArticles.com
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Real estate investing can be a daunting concept, especially to those who know little about the subject. With that said, it is also a concept that can be extremely lucrative and one can learn the basics thereof with a little independent research and some experience in the field of real estate. For those who are new to this arena, there are a few tips to get you well on your way to learning about investing in real estate and feel comfortable doing so.

Research the Subject of Real Estate

Prior to starting your investing endeavors, it is crucial that you know the basics of the real estate field. One way to do so is to engage in various forms of research relating to this topic. This can be done by attending classes on the subject of real estate, finding information online or reading books on this topic. Start out with the basics of buying and selling real estate and then get more involved with how to fix up your investment so that it gains the largest amount of revenue, whether it be by selling or renting the property.

Determine Your Investment Goals As They Pertain to Real Estate

It is also important that you determine what you are trying to obtain from investing in real estate. Are you doing so for the money, the enjoyment or both? Also, determine whether you wish to buy the property on your own or go into the venture with partners. Lastly, it is also wise to figure out if you would like to fix up the property to sell or keep the property and then rent it out to gain money via rental income.

Speak with an Investment Advisor and Real Estate Attorney

Before jumping into real estate investing it is important to speak with professionals in the field so that you do everything correctly. Investment advisors and real estate attorneys are two individuals who may come in handy during the investment process. The investment advisor can detail exactly how you should structure your investment dealings while the real estate attorney can ensure that the purchase and/or sale of the property is done correctly and in a legal manner. Both individuals will be your best friend with regard to this type of transaction and help you to stay on track throughout your investing endeavors.

Determine How Much Money You Have to Invest

You should also figure out how much money you wish to invest in the property and are able to do. Also take into account that certain amounts of money will also have to be provided during the life of the investment for repairs, improvements, taxes and more. Make sure that you have the necessary funds to make the investment a complete success.

Keep an Eye on the Overall Goal of the Investment

Last but not least, those investing in real estate should keep their eye on the prize. In other words, constantly remind yourself why you are doing this type of investment as this will help to keep you on track and help to make your real estate investing venture a complete success in the end.

Craig Thornburrow is an acknowledged expert in his field. You can get more free advice on real estate investing and real estate investing courses [http://www.realestateinvestingguru.com/real-estate-investing-courses.html] at http://www.realestateinvestingguru.com

Author: Craig Thornburrow
Article Source: EzineArticles.com
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I am in escrow on some property in which the seller and his real estate agent were not very forthcoming in their disclosure statements. Through a third party I found out some things about the property that are detriments (such as occassional flooding) but I am willing to overlook them and still purchase the property. I have released all my contingencies and we have a close date set.

My real estate agent happened to tell the seller’s real estate agent that we found out some of these things on the property – most importantly about the flooding – and now the selling real estate agent wants me to sign a bunch of documents listing out what I found out as if she had told me about them. I don’t want to do it – it took considerable effort for me to uncover these issues and I have already signed off on contingencies. I don’t think I need to also let her off the hook as if she had disclosed these things to me – she did not. Can the realtor force me to sign these?
I am asking if a real estate agent can legally force me to sign informal and misleading documents in order to progress with the purchase? The seller and I have already signed all legal documents as outlined in our legal contract.