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The sales comparison approach is the most intuitive and best understood of the three approaches to value. Home buyers, companies renting office space and real estate investors all utilize this approach. Comparable sales are often referred to as comps and rental comparables are often referred to ... Views: 1777
The rules for finding and buying an apartment apply whether you are young and are first leaving home or downsizing after the kids have flown the nest. Apartments appeal for all sorts of reasons but the basic principles in making a choice almost always apply in every purchase.
Here are some ... Views: 1769
How do you know when a prospect or client is going to waste your time or go the distance? That is something new Agents and some experienced Agents struggle with regularly.
Having a step-by-step pre-qualifying process helps dramatically. It will help you evaluate each person the same. When ... Views: 1767
Why do people need a home inventory? That is a question that was posed often seven years ago when my husband and I started our personal property inventory business, and still asked of us today. Thus began our mission to educate anyone who would listen.
Speaking engagements are one method to ... Views: 1767
Flat Fee Realtor can be defined as, realtors who gets your property list in MLS charging you a small sum of money as flat fee. The other term can be also discount Realtor who charges you small upfront fees to list in MLS. When you think of selling property you will always search for the cheapest ... Views: 1762
BUYING AT AUCTION:
Auctions can be a daunting time to buy a property as some Auctions you may not have any idea where it might sell or what it is worth. In New Plymouth we have adopted a policy of publishing the Auction Reserve in order for the whole process is transparent. We do about 60% of ... Views: 1761
Renovation can save huge money from buying a new house and allows you to start a different plan for your existing home. Then, when you think about renovating a house, you might get confused and figure where to start from. You might like to know about how to renovate your home without money, and ... Views: 1757
What do you think of when someone says "referral marketing letters", in terms of marketing tips? Wish to bet $50 that you think I'm talking about getting letters of recommendation from your former clients?
That's a great plan for marketing as well. However, I'm talking about getting a lasting ... Views: 1753
It’s no secret that many property managers are often daunted when attempting to handle the paperwork and legal issues of putting together and enforcing a condo lease agreement. Property managers have been known to pay from to six to twenty percent or more of their property’s gross rental income ... Views: 1743
I recently had the opportunity to interview Real Estate Investment and Development Expert Peter J. Connelly.
Peter has decades of experience in Commercial Real Estate Development in Florida and has worked with some of the largest builders, developers and investment companies in the world. ... Views: 1742
What's the initial thought that pops in your head when someone talks to you about a referral letter marketing method for Realtors? I'll give you a clue; it's not about solicting testimonials from all your former clients.
That's a good Realtor marketing thought too. Although, I'm talking about ... Views: 1739
Putting your property up for rent is a big deal, and it should be treated as such. This is not an endeavor to be undertaken on a whim – you must be careful and methodical to ensure that everything is done properly. and in a way which guarantees that both you and your prospective tenant are ... Views: 1739
Sizing up your commercial loan (aka; pre-underwriting) is a MUST if you are in the lending business.
Here is an example of a common problem in this field...
"Loan agent/broker submits their borrowers/buyers financial package to the lender...obtains
the LOI (letter of interest)...has ... Views: 1736
If watching HGTV has you dreaming of a new decor, perhaps your home is in need of an update.
While most experts recommend that you should redecorate your home every 7 years, many of us are overdue for some redecorating. In fact, nearly half (47%) of North Americans haven’t updated their home ... Views: 1731
In just a decade we have seen a massive change in the way that kitchens are design. Traditionally kitchens were one of the largest rooms in the house. Not only did all cooking occur in traditional kitchens, people ate socialised and even slept in the kitchen. In our climate the room to be in is ... Views: 1731
Reverse Home Mortgages and Its Uses
If you are older than 61 years of age and personally own your home (or at least have a very low mortgage on it), reverse home mortgages may be right for you. This is an easy way to make some tax-free income without having to do any active work. This type ... Views: 1727
The 4-H program on Gabriola Island is one of our most vibrant and wholesome organizations dedicated to young people. The purpose of 4-H is to prepare our youth ages 8 - 18 for their future as adults and responsible citizens on Gabriola.
4-H stands for my Head to clearer thinking; my Heart to ... Views: 1713
Most successful Real Estate Agents know that creating systems for every process in their businesses allows them to be more effective and efficient at delivering the necessary solutions that their clients desire. Systems once created free up time for you to concentrate on income producing tasks; ... Views: 1711
Foreclosures have been front page news across America for the past couple of years. And this phenomenon is expected to continue unabated for the next 2-3 years, if not longer. As a result, foreclosure property investment has become an major industry unto itself.
As foreclosures were just ... Views: 1708
Real estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is fixed in location. Real estate law is the body of regulations ... Views: 1704
“When a man tells you that he got rich through hard work, ask him: ‘Whose?’”- Don Marquis
Isn’t the property market absolutely amazing right now? No, I’m not being sarcastic nor was this written years ago. With so many bargains around (and interest rates finally coming down), now is the ... Views: 1703
A Short Sale is a type of real estate transaction wherein a homeowner sells their property for less than what they owe the lender. For most lenders to consider a short sale, the homeowner must be experiencing a financial hardship and is unable to make their mortgage payments. Also, the mortgage ... Views: 1695
In a previous article, I pointed out that coming up with the funding to support commercial real estate purchases may be both intimidating and even prohibitive for many real estate investors.
If this scenario rings true for you, then you might consider something a little more basic to help ... Views: 1688
Ansal Housing offers new residential properties for sale in Ansal Town Muzaffarnagar, being developed by “ANSAL”– India’s premier real estate and infrastructure Development Company. Ansal Town Muzaffarnagar is spread over approximately 90 acres of prime land. Planned as a township that ... Views: 1684
Ever hear the saying, "I am not young enough to know everything"? That's a good one, and something to think about. Fortunately, I had a father who knew a lot about what he was doing, so I could never fall into the know-it-all category. Being humbled by superior knowledge and inspired by it can ... Views: 1678
Working from home definitely has its advantages. There is no commute, the dress attire is comfortable, and you set your own hours. Wonderful! However, just like everything else in life, it also has its draw backs or consequences. Filing taxes for most is already a real pain and for those who ... Views: 1675
In some areas real estate is in demand, in other areas this is not the case. The key to selling real estate is buying that real estate in a desirable location or one that will become desirable soon. If the location of a property is not desirable, selling it becomes virtually impossible! It is ... Views: 1670
Based on your qualifying efforts, determine the likelihood that your prospect will convert into a good client for your business by conducting a DNA analysis. This involves measuring the prospect’s level of desire, need to take action, and ability and authority to make a purchase or selling ... Views: 1668
Finding out your house is in pre foreclosure is something that is very scary, stressful and also very emotional. However, there are things you can do to stop the foreclosure process and save your home.
You may be able to qualify for pre foreclosure loan from a bank or another lender. No bank or ... Views: 1668
Most people don't know how easy it is to make their homes run on less energy, and here at InterNACHI, we want to change that. Drastic reductions in heating, cooling and electricity costs can be accomplished through very simple changes, most of which homeowners can do themselves. Of course, for ... Views: 1668
In real estate, negotiation is more like art than science. Some might also consider it to be like a dance because both parties go back and forth with each other... with hopes of bringing both of them to something better, with each person achieving win-win results.
Then there are those who ... Views: 1667
Inaccurate and antiquated adverse items on credit reports can be extremely detrimental. They can adversely influence a consumer’s credit score, elevate interest rates and even lead them to incur a lot of money in payments they have to make. Yet most credit reporting system players emphasize that ... Views: 1665
High end properties and loans in excess of $750,000 or more are defaulting at a rate of 12.5%, or 1 in 8, according Bloomberg.com. Imagine counting 8 houses in a luxury area and 1 of them will be owned by the bank and as long as the economy is slow expect more to be going to foreclosure.
You ... Views: 1661
For sale by owner Is considered as the best option today to sell your property through MLS which we is popularly known as FSBO. To define for sale by owner which is also called FSBO, is the process to list your property in MLS on your own without any interference of any broker. As we know ... Views: 1658
I have one question I always ask management companies when interviewing them. If they don’t answer it correctly, I almost never hire them.
As you know, investing in multi-family property can create a lot of wealth in a very short period of time.
You can be paid three ways.
The first way ... Views: 1655
Over the last two years there were many questions asked about what caused the mortgage meltdown and subsequent foreclosure crises. There was plenty of speculation to go around as well as a lot of blame and finger pointing towards certain groups of home buyers who supposedly bought homes they ... Views: 1654
Choosing your accommodations is a big part of planning a vacation. There are many types of places to stay. Two of the most popular are traditional resorts and vacation rentals which are growing in popularity. Resorts are large, usually company owned hotels. Vacation rentals are usually ... Views: 1649
What's the first idea that pops in your head when someone talks to you about a referral letter marketing method for Realtors? I'll bet you $100 you're guessing that I'm talking about testimonials and recommendations from former clients.
That's a marvelous plan for marketing as well. But, I'm ... Views: 1648
In this article, I am going to tell you how you can make money with low rents; the two primary reasons why landlords keep their rents below market; and how you can profit handsomely because of it.
I am a value investor. What does that mean? That means I look for opportunities in the ... Views: 1647
Are commercial fixer-uppers worth the time, expense and effort? My answer to that would be that the right fixer-upper with numbers that make sense can be the right strategy to use. In fact, these types of properties can be an easy way to see an instant value increase in the property but like ... Views: 1645
With the global financial problem, prepared purchasers of Toronto real estate require to be equipped with the ideal info and also tips that will certainly allow them to overlook hardships as well as get one of the most out of their investments. The market for residential or commercial property ... Views: 1643
In today’s increasingly competitive leasing market, it is becoming progressively more important for building managers and owners to build, and to maintain a positive status quo with their tenants. Hunting for new tenants to fill vacant spaces in your units can be timely, and costly. The time ... Views: 1642
Real estate business deals with leasing, renting, selling and purchasing of buildings including offices, hotels, restaurants and residences. Finding a property on rent or for purchase is never easy in the big cities. Every individual has his or her own priorities depending upon his or her choice ... Views: 1641
The growing concern about global warming and depletion of non-renewable resources has led to initiation of a green building movement on the planet. This green building concept has gained widespread momentum in past few years and has embraced many countries on the planet. Malaysia being no ... Views: 1634
The first question to ask is ‘what for’? Are you buying commercial real estate to use in your business? Will you be an owner/occupier? Or are you buying as an investor?
While your answer will separate the buyers into different camps, the advice to both is pretty much the same. Proceed with ... Views: 1628
OMG! How do those boxes in the closet expand over the years?
When you feel frustrated trying to get ahead, clearing clutter with feng shui can help you find space for new opportunities.
The spiral begins when you procrastinate. Do you want to start moving?
Clutter can happen in so many ... Views: 1627
Capital needs
Primary disadvantage to real estate investing may be attributed to poor liquidity. Depending on the investment, you will be needed to return up with an outsized quantity of capital to put down. This makes it tough for customers to get a property and so makes your investment ... Views: 1620
By now, most people know not to depend on the get rich quick schemes. If it sounds too good to be true, it probably is. The only place where success comes before work is in the dictionary. If it is so easy, why isn’t everyone doing it? These are all valid statements. The more we want ... Views: 1616
One of the most important things you must do when preparing to purchase a home is assessing your budget. You must be clear on where you are financially. What can you afford in a monthly mortgage? But also realize that your mortgage payment will often include other fees such as loan interest, ... Views: 1606
“If you think education is expensive, try ignorance.”
With the exception of a couple of rare exceptions (lottery, inheritance, etc.), there’s really only three main areas a person can realistically choose from to generate wealth and true financial independence for themselves:
• Successfully ... Views: 1603