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<channel>
	<title>Real Estate Magazine</title>
	<link>http://www.realestate-mag.com</link>
	<description>Real Estate Magazine</description>
	<pubDate>Sat, 11 Oct 2008 03:42:27 +0000</pubDate>
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			<item>
		<title>Ten Myths Of Real Estate Investing</title>
		<link>http://www.realestate-mag.com/real-estate/Ten-Myths-Of-Real-Estate-Investing-647/</link>
		<comments>http://www.realestate-mag.com/real-estate/Ten-Myths-Of-Real-Estate-Investing-647/#comments</comments>
		<pubDate>Sat, 11 Oct 2008 03:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
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		<description><![CDATA[Is real estate investing only for the wealthy? Can you buy with no money down? Do you have to know the &#8220;right&#8221; people? Let&#8217;s answer by looking at some of the myths of real estate.
1. Real estate investing is for the wealthy. Money helps, but my first real estate investment was a $3,500 lot - [...]]]></description>
			<content:encoded><![CDATA[<p>Is real estate investing only for the wealthy? Can you buy with no money down? Do you have to know the &#8220;right&#8221; people? Let&#8217;s answer by looking at some of the myths of real estate.</p>
<p>1. Real estate investing is for the wealthy. Money helps, but my first real estate investment was a $3,500 lot - which I sold for a profit two weeks after I bought it. Small deals, partners, low-down deals, or just putting aside $7 per day for a couple years until you have enough money for a downpayment - these are some of the ways to start with a little and invest in real estate.</p>
<p>2. &#8220;0 down&#8221; isn&#8217;t possible. I sold a rental property for $1,000 down because I trusted the buyer to make the payments, and I wanted the 9% interest and higher price. He could have gotten a cash-advance on a credit card for another $30 per month and made it a &#8220;0-down&#8221; deal. &#8220;No money down&#8221; means none of YOUR money down, and yes, it happens.</p>
<p>3. &#8220;0 down&#8221; is the best way. If you don&#8217;t invest some of your own money, you&#8217;ll have higher payments. You&#8217;ll also spend more time finding suitable properties, and pay more for them (generally cooperative sellers want more for their cooperation - I do). There are 0-down deals out there - they just aren&#8217;t always worth doing.</p>
<p>3. You need experience. Experience helps, but you get it by investing. Start with common sense, ask how you can lose money, be willing to learn the numbers, and you can start where you are.</p>
<p>4. Some investors have a &#8220;knack&#8221; for making money. Sort of. More accurately, some just took the time and risk to learn the market and continue their education.</p>
<p>5. You need to know the &#8220;right&#8221; people. It helps, so start the process. Talk to investors, real estate agents, landlords, etc.</p>
<p>6. You have to be great negotiator. If you learn to run the numbers and make the offers based on them, you can be the worst negotiator and still do okay.</p>
<p>8. You need insider knowledge. Understand one deal, and you are on your way. Read and read more, but the best &#8220;insider&#8221; knowledge comes from experience.</p>
<p>9. Fixer-uppers are safe. People have the idea that doing the work themselves is the safest way to assure a profit. Not true. Mis-planned &#8220;fix and flips&#8221; have bankrupted even experienced investors. Most poorly purchased rental properties will only eat a little money every month.</p>
<p>10. The key is lowball offers. The numbers have to work, and you need a plan. You can offer MORE than the market price and make money investing in real estate, if you understand creative financing - and how to do the math.</p>
<p>Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit <a target="_new" href="http://www.HousesUnderFiftyThousand.com">http://www.HousesUnderFiftyThousand.com</a>
</p>
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		<title>The Real Estate Market In Spain: Making Profits Out Of Sand</title>
		<link>http://www.realestate-mag.com/real-estate/The-Real-Estate-Market-In-Spain-Making-Profits-Out-Of-Sand-646/</link>
		<comments>http://www.realestate-mag.com/real-estate/The-Real-Estate-Market-In-Spain-Making-Profits-Out-Of-Sand-646/#comments</comments>
		<pubDate>Fri, 10 Oct 2008 07:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
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		<description><![CDATA[The Real estate market in Spain keeps gaining momentum and is of a vital interest among overseas investors. Property prices in the country continue growing at rapid pace due to a sustainable development in many areas of the mainland and the islands.
Spain&#8217;s pleasant climate, low cost of living and specific slow pace of life attract [...]]]></description>
			<content:encoded><![CDATA[<p>The Real estate market in Spain keeps gaining momentum and is of a vital interest among overseas investors. Property prices in the country continue growing at rapid pace due to a sustainable development in many areas of the mainland and the islands.</p>
<p>Spain&#8217;s pleasant climate, low cost of living and specific slow pace of life attract more and more real estate investors from many countries of the world and northern European countries in particular. Spain boasts of plenty of magnificent places that encourage tourism, from international playgrounds on the Coast to inland areas such as Granada and Seville. Investing in Spain real estate promises favorable rental income flows with the healthy capital return on top.</p>
<p>The popular areas among real estate investors are Madrid, Barcelona, Valencia, Andalucia, Seville, Granada, Malaga and many others. But, the most popular real estate investments are naturally the Coasts. Be they golf courses in Coastas or rural hideaways and whitewashed village houses in inland areas, property market in Spain has shown a sustained growth in prices and such tendency is likely to continue in the future.</p>
<p>Buying real estate in Spain makes sense for a number of reasons. Spanish constitution guarantees that your home is your private property only, irrespective of citizenship. Then, real estate property prices are growing and are expected to continue growing in the future. Moreover, buying property gives you the right of living in the country for 90 days per half of a year. In addition, the visa may be renewed every year for an unlimited number of times. There are beneficial loan terms in Spain and you can receive property immediately after having paid the first payment.</p>
<p>However, as attractive as any investment in property may appear, making a profit out of it is a skill (and not a right) which requires experience, and usually, a lot of hard work. Some of the best investments fail for reasons which never could have been anticipated and others fail for reasons which should have been anticipated. In all investment, regardless of how good it may appear initially, there is always a risk. However, good judgment, experience and careful research are usually up to canceling out the majority of this.</p>
<p>Copyright 2005 Ofer Shoshani</p>
<p>Ofer Shoshani has been working for the last 5 years as a travel-journalist. Currently he works at the editor of BeSpanish.com/ Many more of his articles could be found at <a target="_new" href="http://www.bespanish.com">http://www.bespanish.com</a>
</p>
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		<title>How Does Interest Rates Affect New Home Sales and Wheres The Best Place To Build?</title>
		<link>http://www.realestate-mag.com/real-estate/How-Does-Interest-Rates-Affect-New-Home-Sales-and-Wheres-The-Best-Place-To-Build-645/</link>
		<comments>http://www.realestate-mag.com/real-estate/How-Does-Interest-Rates-Affect-New-Home-Sales-and-Wheres-The-Best-Place-To-Build-645/#comments</comments>
		<pubDate>Thu, 09 Oct 2008 11:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
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		<description><![CDATA[These real questions on new home starts and interest rates on real estate are answered by a US Master Builder and myself after receiving them from readers of my e-book, &#8220;Residential Development Made Easy.&#8221;
Question 1.
What is the your forecast for home starts in the US for the next 12 months? 24 months?
Master Builder &#038; Developer&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p>These real questions on new home starts and interest rates on real estate are answered by a US Master Builder and myself after receiving them from readers of my e-book, &#8220;Residential Development Made Easy.&#8221;</p>
<p><b>Question 1.</b></p>
<p>What is the your forecast for home starts in the US for the next 12 months? 24 months?</p>
<p><b>Master Builder &#038; Developer&#8217;s Reply:</b></p>
<p>This depends upon where you are. New home starts are excellent for Florida, Texas, and Arizona.</p>
<p>What most people don&#8217;t appreciate is that there is always growth in new homes. Cities grow in spurts, but there is also controlled growth. As one part of an area dies from old age it is revitalized and redeveloped.</p>
<p>So remember national growth statistics on new home starts are not much use to you unless you have a national business. The best advice we can give you is to &#8220;read&#8221; market data - census data etc.</p>
<p>Personally I have kept average residential dollar sales figures on homes for my City since 1974. At first it might appear to be a lot of work, but after you have your base, say 20 years worth of data, you only have to add one figure a year.</p>
<p>My City&#8217;s growth dollar sales value shows a 150% increase every 8 years. It is valuable to know where you are in the cycle - so it is worth doing the figures.</p>
<p>By that I mean, if you sold a property in the seventh year of the cycle, you&#8217;d make about 90% profit on your &#8216;buy-price&#8217; but by waiting one more year it becomes 150%.</p>
<p>Stats are important, so do the homework. After all, all you got to do is get some figures from an office for FREE and put them on an spreadsheet.</p>
<p><b>Question 2.</b></p>
<p>How do changes in interest rates affect sales of first time new home, middle class, and estate housing? Aside from the obvious, any interesting statistics or trends?</p>
<p><b>Master Builder &#038; Developer&#8217;s Reply:</b></p>
<p>I&#8217;ll tell you a secret. The answer is that it doesn&#8217;t affect the new home part of the housing industry. If you watch the news when you hear about the housing industry in a slump or slowing down &#8212; Greenspan in on the news within a few days adjusting the interest rates to ensure continued growth.</p>
<p>The building industry is the engine of our economy. If a country has had an economic slump and the Government wants to kick it off again, they start by &#8216;flicking on&#8217; on the new home building industry switch.</p>
<p>It is the quickest to react; quickest to increase employment figures which pays for groceries, mortgages, school fees - you name it. Two economists arguing will give you three opinions, but they all agree on the &#8216;economic multiplier effect.&#8217;</p>
<p>That means that a $100 million project has an economic effect in the community of about $230 million. That is the steel in the building pays the company who made it, who then pays the wages of the workers, who then pays the grocer who then pays his staff, who then pay their rent, car payments and so on - it goes round and round.</p>
<p>What does affect the new home industry is lower wages and our jobs going to foreign countries. If people can&#8217;t afford a home, then they don&#8217;t buy and that directly effects the housing industry.</p>
<p><b>Question 3.</b></p>
<p>What progressive processes are being implemented for more environmentally friendly and better insulated new homes? All concrete framing? (no wood) Other unique materials and approaches?</p>
<p><b>Master Builder &#038; Developer&#8217;s Reply:</b></p>
<p>As a Master Builder, we use the current technology in building material. Concrete is outdated and has many environment problems. Our new homes are the most environmentally friendly homes that you&#8217;ll ever have built.</p>
<p>No wood is used except for molding and cabinets.</p>
<p>But the problem is convincing the buyer. We have access to material that replaces wood products, that are made up of recycled material that is vastly superior and looks more real than wood.</p>
<p>We have access to luxurious carpet that is made from recycled plastic soda bottles. We have access to recycled paint that has no out gassing. Recycled roofs that have a 20 year warranty. Our homes have an R-70+ rating. Meaning less energy required for heating and cooling.</p>
<p>There are the &#8216;traditionalists&#8217; and there are the &#8216;innovative clients&#8217; - all we can do is educate and then the clients will benefit and so will the environment.</p>
<p><b>Question 4.</b></p>
<p>What changes are being implemented to improve customer service to new home buyers? (My daughter is buying a Hovnanian home for a fraction of my last home purchase, yet she is getting a weekly status call from her new home sales representative!)</p>
<p><b>Master Builder &#038; Developer&#8217;s Reply:</b></p>
<p>This depends upon your builder. In our case we provide our buyers, investors and developers with daily video updates. They log into their account on our site and the site supervisor walks them through what was completed for that day and what is scheduled for the next day.</p>
<p>Our clients have video documentation on their property. We also provide service after the sale. If three years after the purchase, the neighbor throws a ball through the window or the cat destroys the carpet &#8212; all the buyer has to do is log on to their account.</p>
<p>They tell us what needs to be replaced or repaired and in what room and we can do it almost immediately, because everything is in our database about the home.</p>
<p>Author &#038; $1.2 Billion Developer, Colm Dillon, Has Written The Best Selling &#8216;How-To&#8217; E-book, &#8220;Residential Development Made Easy,&#8221; With Readers In All States Of The USA, Canada, Australia, New Zealand, UK, Ireland and 79 Other Countries Of His Independent Web Site, <a target="_new" href="http://www.realestatedevelopmentcoach.com/ez">http://www.realestatedevelopmentcoach.com/ez</a>
</p>
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		<title>How To Start Investing For Financial Independence, Part 2</title>
		<link>http://www.realestate-mag.com/real-estate/How-To-Start-Investing-For-Financial-Independence-Part-2-644/</link>
		<comments>http://www.realestate-mag.com/real-estate/How-To-Start-Investing-For-Financial-Independence-Part-2-644/#comments</comments>
		<pubDate>Wed, 08 Oct 2008 15:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
		<guid isPermaLink="false"></guid>
		<description><![CDATA[Last week, we started a multi-part series about how to go from being a beginning investor to being &#34;financially independent&#34; in a steady and predictable way. Many, many people want to overly complicate this process so let&#8217;s briefly, let&#8217;s recap that discussion.
The bottom line steps that I suggested in the last article was:
1) Look for [...]]]></description>
			<content:encoded><![CDATA[<p>Last week, we started a multi-part series about how to go from being a beginning investor to being &quot;financially independent&quot; in a steady and predictable way. Many, many people want to overly complicate this process so let&#8217;s briefly, let&#8217;s recap that discussion.</p>
<p>The bottom line steps that I suggested in the last article was:</p>
<p>1) Look for an opportunity that will return at least 150% in 2 yrs or less;</p>
<p>2) Be mentally and financially prepared if the investment does not work out;</p>
<p>3) Have VERY good reasons why you don&#8217;t think you will lose money?? You may not make as much as expected, but you would rather not lose money at this stage.</p>
<p>4) Be patient. This single result should not either make or break you but it is crucial to a longer term plan.</p>
<p>I gave an example where a hypothetical person had gone through this process and ended up with a profit of $43,000 (before taxes) and $36,000 of after tax profit. When this profit was combined with their original investment, they now had around $55,000 of operating capital for Step 2.</p>
<p>Before we get to Step 2, let&#8217;s take a step back. For a lot of people, if I told them that somebody made $43,000 on a quick investment, they would think these people had &#8220;struck it rich&#8221;. Kind of like winning the lottery, right? NO! In the grand scheme of things, this investment will do very little to impact their financial independence. That is, it will take discipline to now use these profits to go into the next investment, and then use those new profits to go into the 3rd investment, etc. So, in our opinion, this first investment was merely a stepping stone towards a much bigger objective.</p>
<p>In Step 2, most savvy investors will now realize they have just been given some extra monopoly money, or money that was not originally theirs, to work with. In the investment and trading world, this is referred to as the &#8220;market&#8217;s money&#8221;; i.e., money that you got from the market that you can then use to generate revenues above and beyond what was possible with your original investment. Quality traders can use this concept to produce huge % returns in a year while risking no more than 10% of their original portfolio.</p>
<p>So let&#8217;s say the investor now decides to repeat the process and buy two more preconstruction lots in a different development. In the two years since the first investment was made, suppose now that property has escalated. In addition, the investor finds a good deal on two lots and each is $250,000 to purchase.</p>
<p>Now, the investors visits their check list to see if this makes sense:</p>
<p>1) Look for an opportunity that will return at least 150% in 2 yrs or less &#8212; yes, they have reason to believe this will occur for their down payment amount;</p>
<p>2) Be mentally and financially prepared if the investment does not work out&#8211;yes, they don&#8217;t think it will happen but if they lose their entire 10% down payment, they are ok with this.</p>
<p>3) Have VERY good reasons why you don&#8217;t think you will lose money?? You may not make as much as expected but you would rather not lose money at this stage &#8212; They have done their due diligence and feel strongly about the investment.</p>
<p>4) Be patient. This single result should not either make or break you but it is crucial to a longer term plan&#8211; they are not swinging for the fences but rather patiently using the previous market&#8217;s money to increase their investment.</p>
<p>Well, like the other investment, suppose this one works out in their favor. In their two year holding period, the lots experienced a 35% increase in price. Not bad. They were hoping for more since they knew some places had that kind of increase in a few months but they are not complaining. After closing costs, the investor had about $55,000 invested and netted a total of $162,000 after expenses. Of course their silent partner, Uncle Sam, wanted their cut so now they are left with a $137,700 in profits and $192,700 in working capital. Not too bad after only 4 years.</p>
<p>Now let&#8217;s ask the question are they financially free? We&#8217;ll, I doubt it. The investor could probably now survive for 2-3 years on the nest egg but only if they did not reinvest it. However, if the family and friends find out about this gain, then they will think the investor is now &#8220;rich&#8221; and living like the Vanderbilts&#8230;&#8230; For anybody that has made it to Step 2, you know they are far from rich because now they want to invest to go to Step 3 and this will likely consume most of their money. Frequently you will find people in the $0.5 -$2Million dollar net worth in this category where they are doing great on paper but they don&#8217;t have any more &#8220;extra&#8221; money to spend than they did a few years ago. After Step 3-4 however, this can change dramatically.</p>
<p>Before we conclude this week&#8217;s article, let&#8217;s talk about a very common, and deadly mistake. In the language of Texas Hold&#8217;em poker, it is the All In mentality. Frequently, after a first success, people now feel bulletproof and decide they want this process to go faster. They leverage everything the have and take on as much risk as the banks will allow them. If things work out for them, they will explode their wealth with that step. However, if something slips up, they are in trouble.</p>
<p>Most people believe nothing like that can happen to them they are too smart. I mean everybody knows that real estate does not go down, Right? I know a gentlemen who is extremely smart, extremely business savvy, and grew his net worth to well over a BILLION dollars. Within a few years of that mark, he net worth was NEGATIVE and had to declare bankruptcy because of real estate. The process of building wealth in a controlled fashion over 6-10 years is so straightforward that I cannot see taking those kind of risks to make it happen in a much shorter time frame.</p>
<p>Chris Anderson is a leading authority on preconstruction real estate investing and has been referenced in many venues including the New York Times and USA Today. Get up to the minute information about preconstruction projects at <a target="_new" href="http://www.GetPreconstructionProfits.com/index2b.html">GetPreconstructionDeals.com</a>.
</p>
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		<title>Taxes When You Sell Your Home</title>
		<link>http://www.realestate-mag.com/real-estate/Taxes-When-You-Sell-Your-Home-643/</link>
		<comments>http://www.realestate-mag.com/real-estate/Taxes-When-You-Sell-Your-Home-643/#comments</comments>
		<pubDate>Tue, 07 Oct 2008 19:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
		<guid isPermaLink="false"></guid>
		<description><![CDATA[What&#8217;s the difference between death and taxes?
Death doesn&#8217;t change every time Congress meets. But taxes certainly did in 1997, and the Taxpayer Relief Act of that year made a dramatic difference in the tax liability of those who sell their own homes. As it stands today, almost no one will owe any federal tax on [...]]]></description>
			<content:encoded><![CDATA[<p>What&#8217;s the difference between death and taxes?</p>
<p>Death doesn&#8217;t change every time Congress meets. But taxes certainly did in 1997, and the Taxpayer Relief Act of that year made a dramatic difference in the tax liability of those who sell their own homes. As it stands today, almost no one will owe any federal tax on profit made from the sale of a principal residence (defined by the IRS simply as the place you live most of the time.). To qualify, you must have owned and occupied the house as your main home for at least two of the five years before you sell.</p>
<p>And that&#8217;s about it..</p>
<p>It won&#8217;t matter how old you are when you sell.</p>
<p>It won&#8217;t matter if you once used the old one-time $125,000 over-55 exclusion.</p>
<p>It won&#8217;t matter whether you buy a replacement home or not.</p>
<p>It won&#8217;t even matter if you&#8217;ve used this new exclusion on another main home in the past, as long as it was more than two years before the current sale. A single owner can take up to $250,000 gain free of any federal tax ever.</p>
<p>A married couple filing jointly can take up to $500,000. Even if only one of them owns the property, the full $500,000 is available if the non-owner spouse occupied the property for the required two years.</p>
<p>The exclusion can include postponed profit on previous homes, rolled over under the old pre-1997 rules. This new tax break can be used over again on the sale of another principal residence, as often as every two years.</p>
<p>You can even use part of the exclusion if you were in the house less than the full two years, if your move is required by one of three reasons: job transfer, health reasons, or some other unforeseen circumstance acceptable to the IRS.</p>
<p>So few home sales will require federal tax payments these days that in most cases your sale won&#8217;t even be reported to the IRS by the person in charge of the closing.</p>
<p>For More Information on Selling your home quickly visit <a target="_new" href="http://www.webuyhouseshome.com">http://www.webuyhouseshome.com</a> Unlike other so called <a target="_new" href="http://www.webuyhouseshome.com">We Buy Houses</a> websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. <a target="_new" href="http://www.webuyhouseshome.com">Click Here</a> to sell your home quickly and compare agents.
</p>
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		<title>Pricing Your Property</title>
		<link>http://www.realestate-mag.com/real-estate/Pricing-Your-Property-642/</link>
		<comments>http://www.realestate-mag.com/real-estate/Pricing-Your-Property-642/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 23:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
		<guid isPermaLink="false"></guid>
		<description><![CDATA[A house properly priced is half sold. But there are plenty of ways to price it improperly.
You can&#8217;t go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if [...]]]></description>
			<content:encoded><![CDATA[<p>A house properly priced is half sold. But there are plenty of ways to price it improperly.</p>
<p>You can&#8217;t go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you&#8217;ll just waste your time.</p>
<p>On the other hand, perhaps prices in your area have taken off, and you&#8217;d short-change yourself if you just tried to &#8220;get my money out&#8221; (but you&#8217;d have a fast sale).</p>
<p>You can&#8217;t go by how much you&#8217;ve spent on improvements. A given street will support only a given price range. If you&#8217;ve invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you.</p>
<p>You can&#8217;t go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay.</p>
<p>So how do you price your house?</p>
<p>By putting yourself in a buyer&#8217;s shoes.</p>
<p>What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?</p>
<p>Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis.</p>
<p>And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent &#8220;Take me to see that one&#8221;?</p>
<p>For More Information on Selling your home quickly visit <a target="_new" href="http://www.webuyhouseshome.com">http://www.webuyhouseshome.com</a> Unlike other so called <a target="_new" href="http://www.webuyhouseshome.com">We Buy Houses</a> websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. <a target="_new" href="http://www.webuyhouseshome.com">Click Here</a> to sell your home quickly and compare agents.
</p>
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		<title>Should Sellers Order a Pre-sale Home Inspection?</title>
		<link>http://www.realestate-mag.com/real-estate/Should-Sellers-Order-a-Presale-Home-Inspection-641/</link>
		<comments>http://www.realestate-mag.com/real-estate/Should-Sellers-Order-a-Presale-Home-Inspection-641/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 03:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
		<guid isPermaLink="false"></guid>
		<description><![CDATA[One of the main reasons home sale transactions fall apart is inspections. This happens when something unanticipated is discovered during the buyers&#8217; inspections of the property, and the buyers and sellers can&#8217;t agree on a remedy.
For example, the sale of a four-year-old, multi-million dollar property in Northern San Diego County recently fell apart because of [...]]]></description>
			<content:encoded><![CDATA[<p>One of the main reasons home sale transactions fall apart is inspections. This happens when something unanticipated is discovered during the buyers&#8217; inspections of the property, and the buyers and sellers can&#8217;t agree on a remedy.</p>
<p>For example, the sale of a four-year-old, multi-million dollar property in Northern San Diego County recently fell apart because of an inspection. A team of inspectors were brought in by the buyer to report on the property&#8217;s condition. The roof inspector said that the roof needed $450,000 worth of work. Not surprisingly, the buyer immediately backed out of the deal.</p>
<p>The sellers are suing the roofer who inspected the roof. Other roofing experts agreed that the roof had some problems; it had been improperly installed. However, their repair estimates were all a fraction of the &#8220;deal-killing&#8221; bid. The judge might grant the sellers a judgment against the roof inspector. But, this will provide little satisfaction because the sellers are still searching for another buyer.</p>
<p>Would the sellers have been better off ordering a home inspection before they marketed their home for sale? Undoubtedly, they would have. (A home inspection is a comprehensive inspection of the home and all its major systems and components.) The seller&#8217;s inspector would have called attention to problems with the roof. The sellers could have consulted roofers before marketing their home to get estimates for repairs. Then, they could have marketed the home, disclosing that the roof needed work, along with the repair estimates. Or, they could have had the repair work done before the house was listed for sale.</p>
<p>There&#8217;s a lot of psychology involved in a home sale. Buyers who are aware of a problem up-front can process this information before making an offer. They can factor the cost into their bid, or ask the sellers to take care of the problem. Buyers often have mixed feelings of excitement and trepidation when they enter into an agreement to buy a home. The impact of an unexpected &#8220;bad&#8221; report can destroy their excitement and enhance their fear to the point that they want nothing to do with the property.</p>
<p>First-Time Tip: Sellers who decide that a pre-sale home inspection is the way to go should ask their agent for the names of several home inspectors who are well-known and respected in the local real estate community. Interview these inspectors until you find one who you think will give you a thorough and accurate inspection. For example, if you are selling an older home, use an inspector who has a lot of experience inspecting older homes.</p>
<p>Most states, except Texas, don&#8217;t license home inspectors. Make sure that the inspector you use is a member of ASHI (American Society of Home Inspectors), or a similar trade organization. ASHI has strict membership criteria, based on experience. Your home inspector should be a licensed contractor, engineer, or architect.</p>
<p>One reason for using an inspector who has a good local reputation, and name recognition, is that you want the buyers, and their agent, to feel comfortable with your inspector. This will add credibility to your report. Your agent should make the report available to buyers to review before they make an offer.</p>
<p>Make sure that your home inspector will agree to return to the property with the buyers to review the inspection report with them. Also, encourage the buyers to have their own inspector look at the property.</p>
<p>For More Information on Selling your home quickly visit <a target="_new" href="http://www.webuyhouseshome.com">http://www.webuyhouseshome.com</a> Unlike other so called <a target="_new" href="http://www.webuyhouseshome.com">We Buy Houses</a> websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. <a target="_new" href="http://www.webuyhouseshome.com">Click Here</a> to sell your home quickly and compare agents.
</p>
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		<title>How Do I Fix Up a Home to Sell?</title>
		<link>http://www.realestate-mag.com/real-estate/How-Do-I-Fix-Up-a-Home-to-Sell-640/</link>
		<comments>http://www.realestate-mag.com/real-estate/How-Do-I-Fix-Up-a-Home-to-Sell-640/#comments</comments>
		<pubDate>Sun, 05 Oct 2008 07:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
		<guid isPermaLink="false"></guid>
		<description><![CDATA[The first thing you need to do is stop thinking of your home as &#8220;home&#8221; and start thinking about it as a commodity that you want to sell. To be a successful seller you must detach yourself emotionally from your home and be brutally honest about how it should look in order to sell.
Property condition [...]]]></description>
			<content:encoded><![CDATA[<p>The first thing you need to do is stop thinking of your home as &#8220;home&#8221; and start thinking about it as a commodity that you want to sell. To be a successful seller you must detach yourself emotionally from your home and be brutally honest about how it should look in order to sell.</p>
<p>Property condition and appearance play a much bigger part in home sales now than they did in the run-away seller&#8217;s market of the late 1980&#8217;s, when even rundown fixer-uppers sold at a premium. Today&#8217;s buyers discount the price if a home needs work, if they buy it at all.</p>
<p>You don&#8217;t have to spend a fortune preparing your home for sale. In fact, you shouldn&#8217;t. Concentrate on cost-effective improvements that will give you a good return on your investment.</p>
<p>Paint is the least expensive improvement you can make to a home. And, the transformation can occur quickly. A neutral decor may seem boring, but it is a safe bet from a resale standpoint. The same goes for floor coverings: stick to neutral linoleum and carpet.</p>
<p>It&#8217;s always a good idea to get advice from your agent, or a decorator who specializes in fix-up for sale, before investing in a cosmetic make-over. Make sure the improvements will enhance the marketability of your home.</p>
<p>Moving-On Tip: A lot of what needs to be done to get a home ready for the market doesn&#8217;t cost a dime, but takes time. Removing excess personal possessions and furniture is important. Buyers need to be able to see past the owner&#8217;s belongings. They need to imagine themselves living in the home. In order to de-clutter, some homeowners rent storage space, if their own storage space is limited.</p>
<p>Counter-tops in the kitchen and bathrooms should be clear of almost everything. The easiest way to deal with this is to put kitchen and bathroom essentials, and cleaning supplies, into plastic bins that can be stored in cabinets. That way you can get what you need, when you need it, and stash it away again quickly when you know your home is going to be shown.</p>
<p>The way your house presents itself from the street (called &#8220;curb appeal&#8221;) is very important. First impressions are lasting. A front gate hanging on a hinge, or peeling trim paint, can cause buyers to wonder what else is wrong. You want to convey the impression that your home is well-maintained.</p>
<p>Go through the house and fix defects&#8211;many of which you may have lived with for years. An irony of the fix-up-for-sale process is that most people&#8217;s homes have never looked as good as they do when they are offered for sale.</p>
<p>Cleanliness is next to godliness when it comes to selling homes. The interior of your home should gleam. Wash windows inside and out. Hire help, if necessary. And plan to keep your home this way during the entire marketing period. Hire a cleaning person, or service, to come once a week if you are a busy person who doesn&#8217;t have help.</p>
<p>Fix-up-for-sale decorators can assist you in adding the finishing touches and staging your home for sale. This often involves bringing in flowers and rearranging furniture to show your home off to better advantage. If the home is vacant, you may want to rent furniture. Vacant properties can be difficult to sell because most buyers have difficulty visualizing themselves living in an empty house.</p>
<p>The Closing: A real estate agent can recommend decorators, painters, gardeners, contractors, handymen, and cleaning crews to help you with fix-up-for-sale chores.</p>
<p>For More Information on Selling your home quickly visit <a target="_new" href="http://www.webuyhouseshome.com">http://www.webuyhouseshome.com</a> Unlike other so called <a target="_new" href="http://www.webuyhouseshome.com">We Buy Houses</a> websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. <a target="_new" href="http://www.webuyhouseshome.com">Click Here</a> to sell your home quickly and compare agents.
</p>
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		<title>What Is a CMA</title>
		<link>http://www.realestate-mag.com/real-estate/What-Is-a-CMA-639/</link>
		<comments>http://www.realestate-mag.com/real-estate/What-Is-a-CMA-639/#comments</comments>
		<pubDate>Sat, 04 Oct 2008 11:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
		<guid isPermaLink="false"></guid>
		<description><![CDATA[&#8220;CMA&#8221; is an abbreviation real estate agents use for a Comparative Market Analysis. A CMA gives an estimated sale price for a property given current market conditions. It&#8217;s prepared by a real estate agent and it usually comes in report form. Most residential real estate agents don&#8217;t charge a fee for preparing a CMA.
An agent [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;CMA&#8221; is an abbreviation real estate agents use for a Comparative Market Analysis. A CMA gives an estimated sale price for a property given current market conditions. It&#8217;s prepared by a real estate agent and it usually comes in report form. Most residential real estate agents don&#8217;t charge a fee for preparing a CMA.</p>
<p>An agent needs to walk through the property in question before preparing a CMA. Unless the home is enormous, the agent inspection part of the CMA shouldn&#8217;t take long, nor does the home have to show like a model home. However, property condition does affect price. So if you plan to do work on the property, let the agent know.</p>
<p>After the agent previews the property, he or she researches the Multiple Listing Service for information about similar properties in the area that have recently sold. In order to arrive at a current price estimate, an agent should analyze information about listings that have sold and closed, those that are sold but haven&#8217;t yet closed (the pending sales), active listings and expired listings.</p>
<p>Pending and sold listings give the most reliable indicator of current market price. Active listings are a gauge of the current competition in the marketplace. Expired listings are properties that were listed for sale but didn&#8217;t sell. Usually expired listings didn&#8217;t sell because they were priced too high for the market.</p>
<p>The agent then compares the property with listings found in the MLS search and by so doing arrives at a probable selling price. Keep in mind that the price derived from a CMA is somewhat subjective. Also, a CMA is not an appraisal. You need to hire a licensed appraiser to complete an appraisal.</p>
<p>Sellers should have a CMA done before listing their home for sale. Sellers who don&#8217;t have a real estate agent often ask several agents to complete CMA&#8217;s. This gives the seller an opportunity to meet different agents and to see how they work.</p>
<p>You may find that you want a CMA even if you aren&#8217;t planning to sell. For instance, before embarking on a major renovation you might want to know how much you can spend without over-improving for the neighborhood. The agent who sold you the property should be happy to prepare a CMA for you if he or she is still active in the local housing market. If not, ask an acquaintance whose opinion you trust to recommend an agent.</p>
<p>Buyers should ask for a CMA on a property they are considering buying, particularly if they are new to the area and haven&#8217;t had the opportunity to see many listings.</p>
<p>First-Time Tip: Regardless of whether you are a buyer or a seller, the agent who prepares your CMA should work actively in the area where the property is located. The Internet has made it possible for virtually anyone to access comparable sales information. However, this information could be inadequate without firsthand knowledge of the comparable properties and the local marketplace.</p>
<p>For example, property upgrades usually have a positive effect on sale price. But if the upgrades are inferior in quality or design they can lower rather than increase the price. Suppose the information on a sold listing shows a remodeled kitchen. Without having seen the property, it&#8217;s difficult to know how the remodeling affected the price.</p>
<p>The Closing: Don&#8217;t be surprised if a CMA gives a price range rather than a set price. You&#8217;re more likely to see this in markets were there is variation in terms of property size, age, architectural style and condition.</p>
<p>For More Information on Selling your home quickly visit <a target="_new" href="http://www.webuyhouseshome.com">http://www.webuyhouseshome.com</a> Unlike other so called <a target="_new" href="http://www.webuyhouseshome.com">We Buy Houses</a> websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. <a target="_new" href="http://www.webuyhouseshome.com">Click Here</a> to sell your home quickly and compare agents.
</p>
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		<title>How To Get Top Dollar For Your Home ? Fast</title>
		<link>http://www.realestate-mag.com/real-estate/How-To-Get-Top-Dollar-For-Your-Home-Fast-638/</link>
		<comments>http://www.realestate-mag.com/real-estate/How-To-Get-Top-Dollar-For-Your-Home-Fast-638/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 15:42:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
	<category>Real Estate</category>
		<guid isPermaLink="false"></guid>
		<description><![CDATA[1. Time is money when selling your home
After you&#8217;ve made the decision to sell your home, the longer it remains unsold on the market, the more it costs you. Many home sellers feel it&#8217;s very important to receive close to their full asking price. But they overlook the additional months of carrying costs, such as [...]]]></description>
			<content:encoded><![CDATA[<p>1. Time is money when selling your home</p>
<p>After you&#8217;ve made the decision to sell your home, the longer it remains unsold on the market, the more it costs you. Many home sellers feel it&#8217;s very important to receive close to their full asking price. But they overlook the additional months of carrying costs, such as mortgage interest, property taxes and maintenance. I&#8217;ve seen homes remain unsold on the market for years! Obviously, those home sellers are not highly motivated to sell. If they&#8217;ve already moved to their new home, maintaining a vacant, overpriced house can be very expensive, usually costing $1,000 or more each month the home remains unsold.</p>
<p>2. Get your home into near-model home condition</p>
<p>Most home buyers today want to purchase a home which is in basically good condition and does not need major fix-up work. This is called a &#8220;red ribbon deal&#8221; home because it&#8217;s like a gift wrapped with red ribbon.</p>
<p>There are few buyers for fixer-upper houses&#8211;and they want bargain prices to compensate for the necessary work. The goal of home sellers who want to sell fast for top dollar must be to get the home into near-model home condition. However, spending major money is not required. Most homes just need basic, inexpensive work to get the residence into very good condition where all the buyer must do is turn the key in the door and move in.</p>
<p>3. The reason most homes don&#8217;t sell&#8211;they are overpriced!</p>
<p>Many home sellers want to set their asking prices above what their realty agent recommends. These sellers often hope an out-of-town buyer will overpay for their home. That rarely happens! There are several reasons, such as buyer&#8217;s agents who look out for their buyers, competitive listings which are realistically priced close to market value, and lender&#8217;s appraisals which reflect market value. Buyers quickly become experts on home values after they&#8217;ve inspected a dozen or more similar homes in the vicinity. They rarely overpay. Most homes have a &#8220;range of values.&#8221; Many factors influence this range of values&#8211;such as local economic conditions, the home&#8217;s location, supply of similar homes in the same price range listed for sale, number of buyers currently in the marketplace, the physical condition of the home, the skill of your realty agent to properly market the home to as many prospective buyers as possible, the financing available, quality of the local school district (the best schools create home buyer demand), and the desirability of your home compared to other nearby homes now available for sale.</p>
<p>4. Be flexible&#8211;don&#8217;t get greedy</p>
<p>If you&#8217;re just testing the market and will sell your home only if you get your inflated asking price, then you&#8217;re not a serious motivated seller. However, if you are motivated to sell, the best attitude is to be flexible, don&#8217;t get greedy and don&#8217;t insist on receiving the last dollar of profit. Instead, consider all purchase offers which are presented. No matter how low and insulting the purchase offer might be, make a counteroffer! After several days or even weeks of counteroffer negotiation back and forth, home sales often result. But sellers who are inflexible and don&#8217;t make counteroffers have only themselves to blame when their home doesn&#8217;t sell because they are inflexible and greedy.</p>
<p>5. Get out of the house!</p>
<p>Finally, if you listed your home for sale with a professional realty agent, let that person (or a buyer&#8217;s agent) do their job. Whenever you know an agent is bringing a prospective buyer to inspect your home, even on short notice, get out of the house! There&#8217;s a very good reason you don&#8217;t want to meet the prospective buyer.</p>
<p>Experienced realty agents will tell you that until a buyer criticizes a residence, he or she is not a serious buyer. If the seller is hovering nearby, the prospect usually will not criticize your home. Instead, he or she will look at it and leave without making a commitment to that possible future residence. Also, the buyer&#8217;s agent won&#8217;t comment about the pros and cons of the house if the seller is within hearing range. Even if you just walk around the block 10 times while a buyer inspects your home, get out! Also, get your pets out&#8211;there is nothing worse than an offensive pet (or pet smell) to chill prospective home buyers from quickly buying your home for top dollar.</p>
<p>For More Information on Selling your home quickly visit <a target="_new" href="http://www.webuyhouseshome.com">http://www.webuyhouseshome.com</a> Unlike other so called <a target="_new" href="http://www.webuyhouseshome.com">We Buy Houses</a> websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. <a target="_new" href="http://www.webuyhouseshome.com">Click Here</a> to sell your home quickly and compare agents.
</p>
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