Good Will. I Love the Real Estate Business!

I've heard lots of stories about deals gone bad or strange happenings in the real estate world at the end of this year. Everyone wants to talk about the year gone by here in Wichita Kansas, good and bad.
I have a win-win goodwill story of my own.

This deal was signed sealed and scheduled for closing. The house was in probate as the previous owner had died and her kids were selling it. A few days before closing we find out the probate lawyer has not done his job and the paperwork hasn't been before the Judge yet.

What is Short-Term Corporate Housing?

Staying in a traditional hotel for more than a few days can end up being very expensive. Whether you are traveling to an area for business or personal purposes, if you are going to be staying for a period that could result in a high hotel expense, you may want to consider short-term housing. One popular form of rental accommodation is short-term corporate housing.

Short term corporate housing refers to furnished apartments, condominiums, and homes that provide short term accommodations for business executives and people who require temporary housing. business travelers, people who are relocating, those on short-term temporary work assignments, corporate relocations, and vacationers are just a few of the types of people who can benefit from using short term corporate housing. When compared with other extended stay housing such as hotels and extended stay accommodations, the usual length of stay of short term corporate housing is 30 days, but can be longer.

Real Estate Scripts - Potential Seller Objections

They say:“I am going to try to sell it myself.”

You say:“I am just curious, how do you plan on marketing your home?” “representing the buyer?” “responding to buyer leads?” “being available for buyer showings?” (seller response) “If you had a proven plan for selling your home at top market value, would you be interested in using it?”

They say:“I am not going to give my house away.”

You say:“Good! I prefer to work with sellers who believe in the market facts and are willing to negotiate from a position of equity and strength. When would you have time to get together?”

They say:“It is not a good time to sell.”

How The Home Short Sale Works

Did you know that short sale can help stop foreclosure?

While foreclosure and short sale homes are often in disrepair thanks to neglect or vandalism by the evicted previous owner, they can often present a great bargain opportunity. The supply and demand will be a factor in pricing and of course the number of bank owned or short sale homes are also a factor as these tend to be the ones that are hurting the market and driving prices down at this time in several areas around the country. Short sale homes are usually offered at a discount and will be sold for any amount that the lender will take, so it can be an amazing deal.

Finding the Right Home in Fort Lauderdale

You can never deny the fact that the Fort Lauderdale is considered as prime locations for many tourists in the city.

Though it is considered as one of the tourist spot it encounters major problems during the past years. The mortgage crisis, as well as the currency devaluation of the U.S. Dollar contributed to the recent decline of the real estate market.

There is major government redevelopment projects contributed to the rise tourism in the area. And because of this tourist still come and go and provide enough revenue to the city. But this is still not enough to bring back the lost profit of the city during the mortgage crisis.

Why Confidentiality is Critical when Selling a Business

The business purchase and sale process is one that is unfamiliar to most people. Selling a business is different than most real estate deals and business buyers are usually surprised at the discretion that business owners take when selling a business. This article will comment on some of the main reasons why discretion is paramount when we sell a company.

Why is confidentiality so important during a business sale?

Employees
Most business owners do not want to let their employees know that their business is up for sale. During a business for sale transaction, one of the most important things that a vendor can do is to maintain the stability of the companys operation. business buyers do not like unnecessary risks and the best thing that an owner can do is maintain an aura of stability and calm during the sales process. There is the risk that if employees found out about the business for sale then they might start to question the stability of their employment and start to look elsewhere.

Diverse Materials Used In Balustrade And Handrails

There are numerous different materials that are used in balustrades and handrails. If the balustrade is external like fencing a terrace, roof or any open space then the material used is concrete. Concrete can stand up to the weather and will not get cracked. There are a number of different designs that are used in making balustrades. The balustrades are normally cast in a shape using a mould. This is done so that all the balustrades may look same. A rail is fixed on top of the balustrades.

Think You’re a Savvy Investor?

It’s Easier to buy a $5,000,000 Apartment Building that a single family investment property

Top 10 Reasons Why It's Easier To Buy A $5,000,000 Apartment Building Than A Single Family Investment Property.

The day my life changed forever. It started with a phone from my good friend and banker of 15 plus years Joe, I cant believe that Im going to say this, but your mortgage application has been denied. (I had done hundreds of residential deals, had an 800 credit score and 25% down). The day ended with a chance encounter with an old friend that I had not seen in 10 years that said to me Its easier to buy a $5,000,000 apartment complex than a single family investment home I didnt quite understand it at the time, but much to my surprise, it was true.

Buying a Cottage is a Dream Come True But There a Few Things to Know

It seems to be a North American tradition to pack up the kids and drive out of the city for the weekend. The trees, fresh air, and beautiful surroundings can make most of us hope of owning a cottage but the dream can turn into a nightmare if you do not do your homework before buying your cottage.

Deciding whether you can afford a second home should be your first step. Head to your financial institution to learn more about the various financing options such as a second mortgage or the increase of your existing one. You will need to have the finances available to make the additional payments.

Lease Purchase Contract For Real Estate

Author: Gen Wright
A lease purchase agreement is frequently used to make it easier for the seller to sell a home that is not very easy to sell, i.e. hard-to-sell properties. For the buyer, it is sometimes beneficial because it is an easy way to gradually enter in to a home ownership status. The purchase works through a series of steps.

First, the buyer pays the seller a purchase deposit in return for the right to purchase the property at a later date. The deposit is usually a substantial sum but typically less than the buyer would need for a down payment on a new home loan. The purchase deposit for lease purchase is always non-refundable. So no matter what happens, the seller gets to keep this money. The purchase deposit typically counts towards the purchase price.

After this, the buyer and the seller come to an agreement about the price at which the property may be purchased. This is usually done at the current market value or slightly higher than the market value. Then, the buyer agrees to lease the property from the seller during the term of the agreement. The rent amount is predetermined at this point. The lease rental money usually has a portion of it going towards the final purchase of the property.

The full term of the lease purchase agreement is always negotiable and there are no fixed standards for it. However, it is generally at least one year and at the most three years in length. At the end of this period the buyer is obligated to pay the full amount to the seller as agreed in the contract. The buyer usually does this by applying for financing with a bank.

After the agreement has been made, no one but the buyer can purchase the property. This right is only revoked if the buyer defaults under the terms of the agreement. Buyers are also often responsible for the cost of the upkeep of the property and this may include payments in lieu of taxes or insurance. The ultimate aim of the agreement is that they buyer is legally required to purchase the property and the seller is required to sell the property.

For buyers, this may not sound like a very cost-effective deal but the usual expectation is that the property will appreciate in value in the coming years. Additionally, there is the benefit of the smaller down payment, with simpler qualifying than the bank would require. So it is an easy way to get in to the benefits that come from home ownership. The agreement may also be seen a saving plan because a potion of the rent going into the final purchase amount.

For sellers, it is a good way to get the market price for a property that is hard-to-sell. Additionally, they are relieved of paying mortgage on properties that are lying vacant. Once the agreement is made, the buyer is obligated to buy. And if the buyer defaults, then the seller may keep all the lease payments made, plus the deposit money.About the Author:

Get a Lease Purchase Contract now or learn more about the different types of rent-to-own options before deciding on this type of Lease Purchase Agreement.

What is Your Value Proposition and Why Do You Need One?

YOU know how special you are. YOU know that you outshine the competition. The question is: does your potential client?

Helping clients understand the value you provide to them is essential in prospecting and keeping business. Lets face it: consumers have plenty of YOU to choose from, and national research shows that they see very little difference among you. It is therefore up to you to be able to articulate and to demonstrate what it is that makes you their best choice; what it is that makes you unique and valuable.

First, know what clients want and know that those wants may change. You must identify what consumers expect and need.
NAR data from 2008 states that todays buyers and sellers are selecting agents for a number of select reasons:

How Article Marketing brings you Loads of Quality Leads to your Real Estate Website

Author: Duncan Wierman

Copyright (c) 2009 Duncan Wierman

The story of an online real estate marketer begins with the marketer either hiring a developer/designer to make a website or doing it by him or herself that will serve as a gateway between the properties and the motivates dellers, hungry buyers or private money lenders.

After the site is finally complete, the real internet marketing adventure begins.

Novice real estate marketers use similar techniques that other Internet marketers use to get leads to their business. These techniques include the basics such as advertising in classified ad sites, posting in forums, and getting involved with social networking. These three areas are great places to begin because they each have their own crowds making it valuable for lead generation.

The High-End Suburbs Will Also Crash

The course of a financial market, particularly the real estate market, is a long and winding road full of twists and turns and unexpected outcomes. It was certainly foreseeable that banks and builders might fail and the GSEs might need to be bailed out, but the how and when of these occurrences are always unpredictable and newsworthy.

The Great Housing Bubble is the third real estate bubble in California since the 1970s. Each one seems to reverberate causing the next one to be even larger and more painful than the last. The drop in prices always leads to the market entry door of affordability. It is possible that history may not repeat itself for a third time, but this seems unlikely. There was good reason for prices to retreat to this level: it doesn't make much sense to overpay for a depreciating asset. There doesn't seem to be any reason this will not happen again (wishful thinking by those who do not want it to happen is not a reason).

Buy The Cheapest Home On The Block

When buying, you need a strategy to find a home that is both a good place to live and a solid investment. Location, location, location is one rule, but there are others.

One of the obvious keys to buying a home that will be a good investment is the location. You are looking for a neighborhood with good schools, low crime and so on. That being said, what type of home do you look for when you find the neighborhood in question? The answer is the cheapest home on the block so long as it is not a disaster.

Selling Your Home Or Property Privately

With the popularity and widespread use of the Internet more and more people are turning to the World Wide Web to find themselves a new home. On the other side of the coin, sellers eager to avoid high commission rates charged by estate agents are also beginning to cut out the middlemen and advertise their properties online through websites.

So what are the pros and cons of selling online?

Pros

Your Listing Just Expired - Want To Know Why?

After months on the market your listing just expired? You are probably upset with your Realtor, frustrated with the market, and trying to figure out what to do next.

You don’t want to make the same mistake twice. Your mind is full of questions. Did my Realtor do a good enough job? Should I try to sell it myself? Why aren’t buyers interested in my property? Why did no one even make an offer? If I do re-list the property, how do I find the right Realtor?

These are all excellent questions that deserve some thought.

Beyond The Handshake - How To Invest In Real Estate With A Partner

Working with one or more partners on a real estate deal is frequently a wise decision, if not a necessity. For beginning investors, taking a partner helps offset the risk of even a small investment. More experienced real estate investors may want to take on partners for the same reason, since as the deals get bigger, the risk becomes greater. Furthermore, individual investors can often benefit from the wisdom, experience, and diverse perspectives that partners can bring to the table.

But of course, there are pitfalls to the concept of partnership. Many friendships and even familial relations are ruined due to misunderstanding, negligence, incompetence, or just plain bad luck associated with doing business - not to mention the financial impact of partnerships gone wrong. To avoid these dire consequences, you should always have a formal partnership agreement drafted by an attorney, and you should always establish your partnership as an official, legal business entity.

How To Find Your Real Estate Niche

Real estate agents who try to be all things to all people often find themselves with few clients. The world has become so varied and complex that many agents only do well when they decide to focus on a particular slice of the market and then specialize in serving that niche. Take the time now to decide what niche you are best suited for. Here are some of the things you will want to consider when making your selection.

Owner Financing? Should You Sell Without A Down Payment

I have been asked many questions with regard to selling a home with Owner Financing.

One typical question I am asked often…“I am selling my home and offering Owner Financing, but having trouble finding a good candidate with a good down payment. Should I take a chance and allow a buyer to put no money down?”

I tell my potential clients that it is never a good idea to sell a home without a down payment from the buyer. You want the buyer to invest some of their own money into the home. If they have their own money involved, they are more likely to take care of the home, keep up with maintenance and pay the bills associated with home ownership.You want the potential buyer to show some commitment to the home.

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