Sunday, June 29, 2008

Quick Sell Tips

Often wonder why some houses can have a number of showings after its first week on the market, and similar ones seems to be left with no attention?

A quick sell of a house is common enough to be expected by home sellers, but rare enough to remain a phenomenon in the market. It’s really a question of readiness – the houses being sold quickly are more well prepared to accept a new resident. Surely price and location is the major reason a house can appeal to home buyers, but there’s also more than meets the buyer’s eye.

Here are some quick sell tips to make sure your house reaches that contract as soon as possible.

(a) Get a top-quality, state-of-the-art real estate agent. Sounds obvious, but the better qualified your agent is, the more experienced they are and the more guarantee that your house can be a quick sell

(b) Play the role of a buyer. Observe your house in the eye of a potential customer. Is there anything you see that makes you think “This is good, but it looks like they’re still working on that...”? Ask your friends or neighbors to do the same if necessary.

(c) There’s one sure-fire tip to get your house quickly noticed, and that’s putting out the heaviest advertising campaign you can manage. So many houses are being sold daily, how do you make sure the buyers would even see your home? Quick selling houses are results of excellent marketing skills.

(d) Offer incentives. When it’s time to take any means necessary, start negotiating extra perks to your buyers to lure them even more. A closing-cost help, for example, would motivate the buyers to speed up the decision to buying your house.

(e) When all else fails, and you’re starting to get really desperate, you might want to try renting your house. Afraid of never getting it off your back? Discuss with the renters that your initial need is to sell the house. A rented house with an option to buy is also a good idea.

Some would tell you that quick sells are by means of luck. Though this is inevitably true, waiting for luck will do nothing to speed up the process. Preparation, preparation, and preparation are the three things you most need to ensure a quick sell.

Home Selling Contract

When it’s time to finally seal the deal on your home selling, it’s time to take out the contract. Since it’s the document that will supposedly ends the process, it’s very important for home owners to understand the components of a real estate contract (even more if you’re selling the house on your own). Remember that even the contents in a contract is negotiable, so getting to know home selling contracts would put you in a better position for further discussion. You would also have less risk of being scammed by random contracts offered.

Although not all home selling contracts follow the same standard, most of them should answer the following questions:

  • What’s being sold? A description of the property on hand
  • How much is it?
  • How is the contingency of mortgage? An amount or a mortgage rate is needed.
  • How much will the deposit be and whom will it be given to?
  • When and where is the closing?
  • What is the exact scope of the selling? A home selling contract, in its essence, should give a firm limit of what’s being sold and what’s not.
  • Will the seller be able to do further home inspections?
  • What kind of inspections (wellness, hygiene, termite inspection) will be done?
  • Is there any insurance covering the house?

Once again, remember that familiarizing yourself with these points will prove useful for those suspicious clauses. Pay extra attention to the contingencies, as this is usually the most essential part of a home selling contract. The home buyers would want to make sure that if something occurs in the house before closing, they would have a way to back out without penalty. Make sure that you as the seller is equally unharmed by this.

The tough job is, even after you understand the main elements of a home selling contracts, you might experience difficulty in designing one for your transaction. Once again, it’s good to let your agent deal on these things, but if you’re selling your home on your own, do some research.

Some websites could give you a format of a contract that you could use for self-selling that will not lead to detrimental effects. It’s very important to hire an attorney to help you get through the legal terms in contracts, especially when you chose not to hire a real estate agent.

Friday, June 27, 2008

Real Estate Management


Real estate management firms
– making life easier

Real estate investment
can happen for various reasons. You could invest in real estate because you need a house for yourself (that house of your dreams that you so badly want). You could use real estate as a means for supplementing your income either by buying at a lower price and selling at a higher price or by letting it out. Sometimes you might buy a property for the purpose of resale but might want to wait for a few years before you actually sell it. In such a case, again it would make sense to rent out the property and earn some money till you actually decide to sell it off.

Whatever the reason, letting out real estate demands real estate management and real estate management is not an easy job for everyone. In fact, a lot of people find it so much of a hassle that they prefer keeping their property vacant instead of letting it. Real estate management demands time, which you will rarely have.

Real estate management is not just about finding tenants and collecting rent from them. Real estate management is also about ensuring that you do all the duties that a landlord/landlady is required to do. Real estate management is about verifying the credentials of the tenants before you actually let out your property to them. Real estate management is about ensuring that all the paper work is complete and correct i.e. the tenancy agreement etc are properly done. Real estate management also requires you to do repairs as and when required. Real estate management activities also include maintenance, painting, polishing etc of the house when the tenants move out and before the new tenants get in. So, really, real estate management is not that easy a job for someone who is in a full time job.

However, there is a solution to this and that is hiring a real estate management firm to do all these activities on your behalf. Yes, this will mean that what you receive as an income by letting your property will be reduced (due to the commission/ fee charged by the real estate management firm). But that is just a small price for the convenience that a real estate management firm brings to you.

However, it’s important that you choose the real estate management firm carefully. There are all kinds of real estate management firms out there (good and bad). You must check the references of the real estate management firm before you actually hire them for the job. A good real estate management firm will not only keep your property occupied at all times but will also ensure that you always receive the rent in time and without any hassle.

Wednesday, June 18, 2008

Successfully Investing In Real Estate/Land

If one is thinking of investing in real-estate/land there are several things to be kept in mind before one begins investing in real estate. A single wrong step may be enough to make one's investment a failure.

The first thing one should do is decide one's budget. Investing in real estate is an expensive affair and so the affordability factor should be considered. The likelihood of taking a loan for investing in real estate is high and so it is necessary to consider whether one will be able to pay back the loan. Real estate investment is a big commitment one makes and so it is necessary to know whether one will be able to pay back in time. In case one is not able to pay back the whole amount in time the chances of having a bad credit rating is high and ones this happens the chances of a loan approval is low. Even if one is approved for a loan at a later date the rate of interest will be higher.


There is a need to decide the reason for investing in real-estate - whether it is for commercial purpose or for the purpose of the family. If the real-estate is for commercial purpose an appropriate location should be chosen. The location should be such that there is a lot of traffic like near the railway station or bus station. In these locations different kinds of commercial real estate can be established like hotels, restaurants etc.

If one wants to invest in the real-estate for the purpose of the family then one should check several formalities that comes with investing with real-estate. It should be kept in mind that real-estate property for the purpose of homes should be located near schools, malls and shops. The road connectivity and water supply should also be considered. The interior and outdoor walls should be observed so as to be sure of any faults that may be there or any repairs that may be required.

A lot of research is required for reselling a real-estate property in future. So if one is thinking of investing in real-estate or land that is to be sold in future then the trend in appreciation rates should be considered. Every year the rates of the real estate property increases and so the average rate of increase should be calculated. After calculating this rate the projected rate of growth should be calculated to get the approximate rate of a real estate property in future. The best way to get an appropriate rate is to consult a financial planner of real-estate. An agent will also be able to give an approximate rate of increase in future. A real estate or land that is not in demand should not be bought as the rate of return is uncertain.

A good and reliable agent should be chosen so as to succeed in investing in real estate/land. A good agent not only gives the best rates of the property but also helps in finding the approximate rate of property later on.


About the Author: Stephen C Campbell (MBA, MSc) is an international internet marketer and business consultant, and has published more information about investments on
http://www.investinukland.com

Monday, June 9, 2008

Growth, Stability Of Commercial Real Estate Investing

Commercial real estate investing is a kind of investing which is used for business purpose. The commercial real estate investing property is different from other real estate investing like agriculture, residential and other industrial purpose. Commercial real estate investing property provides reasonable price consideration from the investment property and also provides income for long period. In real estate investing, real estate investors make investment on commercial real estate investing. Commercial real estate investing is made by most of the real estate investors, because it fetches more profit for the seller at the time of sale of real estate investment property.

The main purpose why people prefer to make their real estate investing is that commercial real estate investing provides stability and high return in the market. The other advantage we obtained from commercial real estate investing is that it provides investment securities for the real estate investment property purchased from the real market. Real estate investing market is said to be the stable market and it also carries high returns on investment for the property purchased. It is the obligation of the real estate investor to see that the real estate investing property fetch more profit among the customer and it realize more profit. Some of the standard features of commercial real estate investing are

High return

The main advantage of commercial real estate investing property is that it carries high return on investment. More number of people procures real estate property because of its returns provided. Real estate investor enjoys the benefits provided by the real estate property with high return and turnover during the period of sale of real estate investment property. Real estate sector is the wide sector where it carries huge number of properties required with desire prices.

Stability

The other unique feature of commercial real estate investing property is that its stability and consistency with the world market. When though more number of real properties are available in real estate investing market, still commercial estate investment obtains more demand among the customers for reasonable price consideration. Real estate investing benefits are provided more in real estate investing and it is due to the stability provided in the real market.

Commercial estate investment provides long term security of cash flow for the real estate investors who had made their real estate investing. Commercial real estate obtains more demand among the customer and they provides more return on investment with principal and interest. This kind of investment obtains more demand, growth, return and stability compared to other real estate investment property in the real estate market.

Kumaran is a seo copywriter having more than 3 years of experience in this field who is currently working for the site real-estate-investing-information.net. For further information on real estate investing information, real estate investing and real estate investing tips please visit http://www.real-estate-investing-information.net/ or contact me through mail: kumaran.reii@gmail.com

Thursday, June 5, 2008

Do You Know That You Can Get Your Own Real Estate For 90% Off Market Value?

I always wonder why many people don't take the time to get the right information that can help their lives. If you are wondering what this has got to do with you... listen up.

Have you ever taken a good time to consider investing in Real Estates? If not, then this article is for you. It will show you why you should stop putting off the idea of investing in Real Estate.

If you think it isn't important to think about Real Estate, think again. According to the foremost American Business Speaker - Jim Rohn - "Cars don't make you rich... it's HOUSES that make you rich".

And in HOUSES he is talking about Real Estates.

Let's analyze what I am trying to say here.

When you buy a car, from that first day it looses it's value. If you try to resell it that same day, you can't get the same amount you spent in buying it.

But if you buy a Real Estate and try to resell it that same day, the value most always increases!

That seems incredible, right? Yes, but it is really true.

You see, Real Estates most always increase in value with each and every passing day. The reason is mostly because there are not too many lands around. If one land is already taken by Mr A. it is already taken. If Mr. B wants that same land, he has to buy it from Mr. A.

So, if you have been putting off investing in Real Estate, this is the time to get serious about it.

And here is a good news...

Do you know that you can get a Real Estate for 90% off market value? It may sound incredible, but it is possible! Every month thousands of Real Estate And Homes are repossesed by both Government and Banks in the United States. And those who know are taking adavantage and buying choice Real Estate at dead cheap prices. You too Can, it is your right as a citizine of United States of America.

To own your Dream Home at 90% off market value, and also start a Real Estate Business on a shoe string via repossesed Real Estate Auctions, checkout Real Estate Listings for an opportunity of a life time right now. You can't afford to put off this opportnity.

Monday, June 2, 2008

The Middle East

Real Estate Boom in the Middle East...

will continue for at least another 10 years. Experts view is that if there is no natural calamities this trend will remain buoyant for the next decade and it will be difficult to get hotel rooms to residence to live in next five years.

As we saw in the last 4 to 5 years the real estate market in the Middle East, specially in Dubai, Abu Dhabi, or adjacent areas have been booming. There is no end of construction. Due to over construction the supply of building materials becomes even scarce. The prices of such commodities have gone up. Example cements are not found, still price is sky rocketing. Builders face difficulties to hand over their buildings on time and the cost is so, high that they can seldom make any profits. But the demands of new apartments in some area are so great that it has increased even 500% to 1000%. Buildings are not completed, yet renting or leasing is done in no time.

The prices of land and the apartments have gone up beyond control. Yesterday I went to check some apartments to have a look inf I could buy one, I found it is so high that beyond my reach. While the agents advised that the rent is about AED80,000 to100,000 for a normal mid sized two bed apartment. In some areas of palm the price per sq. foot residential lands costs about AED18,000 or move.

This is surprising as 10 years back we saw in those area only sands and no construction while now we do not see any place that is empty to put our feet. Why and how it happened no one knows. But their were some good initiatives from the ruler or the developers who advised to go ahead to resell the real estate. Once it was experimented people are lured to buy heavily, so the price is gone up. American citizen Mr. Donald Trump even put his hand on the Dubai Property market. And other celebrities have already bought their own towers and some even put for resale.

This made the market more upward trend. We do not know what will happen in the next 10 years from now if this trend sustained. Investors may see the feasibilities by themselves before buying any properties here. Read more...

Dr Altaf Hossain is an article writer. You may copy the article provided my signature and permission from EzineArticles.com is taken.

Article Source: http://EzineArticles.com/?expert=Dr_Altaf_Hossain