Home Selling Tips
Home selling tips are everywhere - some are suggestions you might never have thought of. Others, are general ones you're likely to find everywhere. However,just because they're common doesn't mean they don't work.
Here are some home selling tips of our own:
· When advertising your property, never use the words "asking" or "negotiable" with your selling price. This will only make it seem like you're not sure of the value of your home. Why bother setting the price in the first place if further negotiation is likely to change it?
· When preparing your house, try to see it from the buyer's point of view. Would you want to buy a house like your own?
· Unless you're sure you're up to the challenge, hire a good agent and attorney to do the home selling for you. It may cost more, but it can save you a lot of aggravation in the long run.
· Make sure you have full Multiple Listing Service coverage - this is a powerful tip to remember. Multiple Listing Service (MLS) is the strongest selling tool for your home. Some people would not even advise you to check for any offers before you see you home on MLS!
· Home showings through an open house are a good idea, especially if you live in a small town.
· Getting clutter out of the way will not only improve home showings, but also make it easier to pack once the home has been sold.
· Finish any renovations you've started on the house. No buyer wants to finish a job the seller started!
· When negotiating with the buyer, throw your bad mood away. It's hard to discuss price when you're still upset about the buyer's plans to cut down the tree you love. Maintain an interactive discussion and build up trust. Even if the offer doesn't work out, keep up a good impression.
· Don't let buyers' offers sway you - consult with your attorney about the price offered. Usually there's a period of three days for you to accept or reject an offer. Also be prepared for home inspections, as usually this happens during this stage of the home selling process.
As I mentioned in the beginning of this article: home selling tips are endles. Choose only the tips that would best suit your needs and situation.
To Your Success,
by Dan Giordano
Dan Giordano http://www.FreeRealEstateDeals.com
Wednesday, February 21, 2007
Saturday, February 10, 2007
Buy-Change-Sell: A Real Estate Strategy
Here's a proven real estate strategy: Buy a property, change the use, and sell it for a profit. Big profits are possible if you find its most profitable use. The disadvantages of this strategy? There is a lot of homework required, and many possible dealings with zoning authorities and others.
Years ago there was a row of old homes on a main street in the Northern Michigan town where I used to live. Many of them were rentals. None of them were very well taken care of. Then one day they were gone.
What had happened? That part of the street had been zoned commercial for many years, but there wasn't a reason to tear down perfectly good homes to put up stores. That is, there wasn't a reason until the land could be sold for commercial purposes at a price that exceeded the value of the homes plus the cost of removing them.
As the town grew, at some point an investor realized that he could buy those rental homes, tear them down, and sell the land for a nice profit. This is not uncommon. A particular piece of real estate is not always used for its "highest purpose." When this is the case, it may sell for much less money than it otherwise should. It is just waiting for someone to recognize what its highest purpose is, and then buy it and convert it.
Sometimes an office that had once been a home is converted back into a home, because the property is worth more as a home. Homes sometimes become professional offices for attorneys and doctors. The more common examples of a change of use is when farmland is developed for homes, or when apartment buildings are made into condominiums. Many of these ideas will be covered as their own topics.
The bottom line is that if there is a higher use for a property, there may be a profit opportunity. How can you tell? First you have to identify the highest use, meaning the use that makes the property most valuable. One way to do this is to simply look around and see what is happening with other properties around the one you are looking at.
Once you determine what the property should or could be used for, you have to determine how much it will sell for when it is ready. Then you determine how much it will cost to get it ready, plus the holding costs until it sells, and the costs associated with buying it and selling it. Subtract all of these costs from the projected sale's price.
Then subtract the profit you want for your work from that figure. This gives you the maximum price you can pay to make the deal work. Offer less, of course. That helps with this and any other real estate investing strategy.
by Steve Gillman
Years ago there was a row of old homes on a main street in the Northern Michigan town where I used to live. Many of them were rentals. None of them were very well taken care of. Then one day they were gone.
What had happened? That part of the street had been zoned commercial for many years, but there wasn't a reason to tear down perfectly good homes to put up stores. That is, there wasn't a reason until the land could be sold for commercial purposes at a price that exceeded the value of the homes plus the cost of removing them.
As the town grew, at some point an investor realized that he could buy those rental homes, tear them down, and sell the land for a nice profit. This is not uncommon. A particular piece of real estate is not always used for its "highest purpose." When this is the case, it may sell for much less money than it otherwise should. It is just waiting for someone to recognize what its highest purpose is, and then buy it and convert it.
Sometimes an office that had once been a home is converted back into a home, because the property is worth more as a home. Homes sometimes become professional offices for attorneys and doctors. The more common examples of a change of use is when farmland is developed for homes, or when apartment buildings are made into condominiums. Many of these ideas will be covered as their own topics.
The bottom line is that if there is a higher use for a property, there may be a profit opportunity. How can you tell? First you have to identify the highest use, meaning the use that makes the property most valuable. One way to do this is to simply look around and see what is happening with other properties around the one you are looking at.
Once you determine what the property should or could be used for, you have to determine how much it will sell for when it is ready. Then you determine how much it will cost to get it ready, plus the holding costs until it sells, and the costs associated with buying it and selling it. Subtract all of these costs from the projected sale's price.
Then subtract the profit you want for your work from that figure. This gives you the maximum price you can pay to make the deal work. Offer less, of course. That helps with this and any other real estate investing strategy.
by Steve Gillman
Tuesday, February 6, 2007
Owner Financing Made Easy: Your Solution to Real Estate Success!
Would you like to know a proven method to sell property quickly and for greater than fair market value? Would you like to have a competitive edge over all the other homes on the block? Would you like to have constant cash flow after you sell your property? Owner financing is a lucrative, time-proven method that works in good and bad markets. The market has changed and your marketing must change too! Owner financing is a common strategy that works well in today's market and is how the banks have gotten RICH...and so can YOU! Just learn the rules, regulations, and points that make your investment safe, low risk, and maximum value.
Benefits to owner financing:
- Solve the two biggest problems a buyer has
- Sell your property quickly in both good and bad markets
- Keep a competitive edge regardless of increased foreclosures and new home construction
- Attract more buyers
- Avoid extensive price negotiations
- Have a constant cash flow after you sell your property and create wealth
Owner financing is a huge advantage for acquiring properties and selling properties.
When you sell your property using owner financing, you make a significant transition from being a property owner to a note owner/investor. This means you utilize two strategies: (1) a competitive advantage to sell your property profitability and quickly and, (2) cash flow after you sell your property. You become the bank! This strategy allows you to collect cash flow from the property you sold and continue to profit from the sale afterwards.
By owner financing you can generate more profits than if you just sold the property and collected the cash. Owner financing allows you to set the terms, including interest rate and payment terms. You are helping the buyer while generating steady cash flow; owner financing is creative deal structuring that is a win/win for all parties involved. Get rich with owner financing or get left behind!
by Maria Fee
Benefits to owner financing:
- Solve the two biggest problems a buyer has
- Sell your property quickly in both good and bad markets
- Keep a competitive edge regardless of increased foreclosures and new home construction
- Attract more buyers
- Avoid extensive price negotiations
- Have a constant cash flow after you sell your property and create wealth
Owner financing is a huge advantage for acquiring properties and selling properties.
When you sell your property using owner financing, you make a significant transition from being a property owner to a note owner/investor. This means you utilize two strategies: (1) a competitive advantage to sell your property profitability and quickly and, (2) cash flow after you sell your property. You become the bank! This strategy allows you to collect cash flow from the property you sold and continue to profit from the sale afterwards.
By owner financing you can generate more profits than if you just sold the property and collected the cash. Owner financing allows you to set the terms, including interest rate and payment terms. You are helping the buyer while generating steady cash flow; owner financing is creative deal structuring that is a win/win for all parties involved. Get rich with owner financing or get left behind!
by Maria Fee
Saturday, February 3, 2007
How To Give Yourself A $20,000/Year Raise Without Asking Your Boss
Why without asking your boss?
Two reasons, one, he or she will most likely say no; and second, he or she will probably have you committed for asking.
So what do you do. Give the raise to yourself.
Impossible you say. Chuck and Sue are crazy. Not at all. Here's how.
You know we love the Creative Real Estate niche of Lease Purchasing and you know we believe it to be the perfect home-based business.
But, did you know you can use these same methods in your spare time to give yourself that big raise.
Ask yourself, "What would I be willing to do to earn an extra $20,000 in a year".
The answer may surprise you. And no, you don't have to become a hit man (or woman) to earn this.
You just have to be willing to take a look at Lease Purchasing.
Some background before you think we've completely lost it.
For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%. That's about 60 people she puts the concept of Lease Purchasing in front of.
Out of that 60, approximately 10 will develop into true prospects. From these 10, 2 or 3 will develop into property we are willing to take on. The others may become consultations or manual sales.
(Please keep in mind, these numbers will vary a bit depending upon your particular area and current market conditions).
Gee, you say, that sounds like a lot of work. Not really. Consider making those calls over a 3 month period. That's the equivalent of a call per day. Why a 3 month period. Because you're only looking to do one deal a quarter.
Next question. How does this translate into a $20,000/yr. raise? Simple.
On a typical single family house, we look for a $5000 assignment fee on average. Well, let's do the math. 4 x $5,000 = $20,000.
Yup, a $20,000 raise on 4 deals per year.
Is this realistic? Absolutely.
In fact, we may be conservative on that raise for you. You may well decide to do five or six or more deals in a year.
All it takes is knowing how to structure your deals, having the proper contracts and a willingness to want to give yourself a raise. You can find all this information at our website at: www.homebusinesssolutions.com/products/products.htm
You're right. Chuck and Sue are crazy. Crazy like a fox.
Copyright 2000, DeFiore Enterprises
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com
Two reasons, one, he or she will most likely say no; and second, he or she will probably have you committed for asking.
So what do you do. Give the raise to yourself.
Impossible you say. Chuck and Sue are crazy. Not at all. Here's how.
You know we love the Creative Real Estate niche of Lease Purchasing and you know we believe it to be the perfect home-based business.
But, did you know you can use these same methods in your spare time to give yourself that big raise.
Ask yourself, "What would I be willing to do to earn an extra $20,000 in a year".
The answer may surprise you. And no, you don't have to become a hit man (or woman) to earn this.
You just have to be willing to take a look at Lease Purchasing.
Some background before you think we've completely lost it.
For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%. That's about 60 people she puts the concept of Lease Purchasing in front of.
Out of that 60, approximately 10 will develop into true prospects. From these 10, 2 or 3 will develop into property we are willing to take on. The others may become consultations or manual sales.
(Please keep in mind, these numbers will vary a bit depending upon your particular area and current market conditions).
Gee, you say, that sounds like a lot of work. Not really. Consider making those calls over a 3 month period. That's the equivalent of a call per day. Why a 3 month period. Because you're only looking to do one deal a quarter.
Next question. How does this translate into a $20,000/yr. raise? Simple.
On a typical single family house, we look for a $5000 assignment fee on average. Well, let's do the math. 4 x $5,000 = $20,000.
Yup, a $20,000 raise on 4 deals per year.
Is this realistic? Absolutely.
In fact, we may be conservative on that raise for you. You may well decide to do five or six or more deals in a year.
All it takes is knowing how to structure your deals, having the proper contracts and a willingness to want to give yourself a raise. You can find all this information at our website at: www.homebusinesssolutions.com/products/products.htm
You're right. Chuck and Sue are crazy. Crazy like a fox.
Copyright 2000, DeFiore Enterprises
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com
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