Real Estate Markets Still Going the Seller’s Way

Canada has been cruising along positive territory after posting negative numbers in 2009. Market experts and real estate analysts are expecting record performance from resale and home building segments. However, they hasten to add that the industry is not in a bubble since there is no evident speculation in the real estate markets.

What is apparent in Canadian real estate markets is that they are more buyer-driven than seller-driven, which is not really surprising in a market that is experiencing tight inventory situation across all segments. Under the present condition, home prices may be going a little over their real value in some real estate markets, but this not necessarily mean that the markets are in a bubble.

The Canadian Real Estate Association, in a recent announcement, reported that the resale segment is expected to post record performance in 2010, especially in the first half of the year. The market for resale home units is forecast to hit 527,300-level for 2010. This is equivalent to 13.3 percent growth in sales from 2009. There are no indications that speculation is getting into the decision making of both active buyers and sellers in real estate markets in Canada.

Industry experts have attributed these events in real estate markets to the lower interest rates and the intention of home buyers to make the buy before the harmonized sales tax is implemented. This is the prevailing situation in real estate markets in British Columbia and Ontario. Real estate markets are expected to go through adjustment phase once higher interest rates take effect in the second half of 2010.

Riding on its positive performance in 2009, the new home segment is expected to be one of the most active sectors for 2010. The seasonally-adjusted growth rate has breached the 186,300-mark in January. This is equivalent to a 5.8-percent jump from December 2010 home-starts sales. On the other hand, Canada Mortgage and Housing Corporation predicted a sustained growth in this segment for 2010 when it reported a total of 149,081 units of home-starts sold for 2009. In the same report released by CMHC, sales of starter home units in urban territories reached 165,200 in January 2010 which is equivalent to 4.4 percent growth over the same period last year. On the other hand, total sales of multiple housing units posted a 4.4 growth, while detached home starts yielded a 3.3 percent in January 2010.

Some sectors believe that the fear of possible bubble is being fueled by the remarkable rebound of real estate markets after the major economic downturn a couple of years back. However, market experts believe that this industry-leading performance will not be sustained. The frenzied activity will ultimately taper off once markets make the necessary corrections.

These positive developments in the real estate markets come in the heels of the recent announcement by the federal Competition Bureau that it is challenging the rules that are being imposed by the Canadian Real Estate Association. The Federal Bureau contends that the prevailing condition limits the range of choices for homeowners. This has led to situations where consumers are forced to get services they don’t need or desire.

The Competition Bureau has already filed with the Competition their application seeking to repel the rules that are being implemented by CREA, particularly those that apply on the use of the MLS. There are ongoing talks between the Competition Bureau and the CREA to come out with a mutual agreement to resolve the contentious issues although there are no substantial results have come out from these talks.

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Source by Laurel R. Lindsay

How to Sell Your Own Home – Part 2 – Staging

Part 2 – Staging Sells Your Home Fast.

In 2009 many people began a business in real estate sales by selling their own house. Today, (2010) many of these same people are still trying to sell that first home. The market is tough and with so many homes on the market, today’s buyer is looking for an extraordinary home at a reasonable price, not an ordinary home at an extraordinary price. If you are a For Sale by Owner seller who is not partnering with a REALTOR®, this article will provide you with some guidelines that will help speed the process up and make your home extraordinary.

For example, using our checklist as a guide, the first task after setting the proper price, (see article 1) is preparing your home to sell or „staging.“

Before we get into the heart of staging, we need to discuss disclosure. Staging does not mean hiding. As the seller, you should be aware that the seller’s disclosure of material facts is an important part of a real estate transaction. We suggest you first get your home inspected by a licensed home inspector. Make sure that your home is termite free, and has good plumbing; water quality, lead, radon, septic tank, asbestos, electricity.

If you are partnering with a REALTOR®, they will know of a professional who is reliable and experienced. If you are going strictly on your own, you can look up their listings in the phone book under Home and Building Inspectors. Beware however. Anyone armed with a „do it yourself“ book and a business license can call themselves a home inspector. Some states do not require the inspector to pass a test or be certified. Make sure that you them through the Better Business Bureau. Ask for their credentials and verify references. It’s a little effort that results in maximum benefits.

As we discussed in the last article on „Setting the Price,“ the first thing to remember in selling your home fast is to highlight the best parts of your home. Remember – „first impression“ is important. Just because many of you are still living in the home you are selling, it doesn’t mean that the home has to appear „lived in.“

Make your home attractive to a potential buyer by making sure the first view is their most attractive view. Walk to the street in front of your home and turn around. What do you see? Be honest with yourself; would you pay the price you’re asking. Is the lawn cut, curb edges manicured?

Are the bushes trimmed? Is the paint fresh or chipped and fading? Has the roof seen better days; missing shingles or curled up in spots? Are windows broken, screens missing? Is there clutter everywhere, bikes and toys lying all over? Are fences down or missing slats or links? Are walkways broken, cracked or missing? To answer the obvious question here – NO, the new buyer does not want to do those repairs themselves, no matter how attractive the price is.

Ok, assuming the outside checklist is finished, walk inside the home, with that same critical eye and notepad in hand. Make sure the inside of your house is attractive. A well decorated home, with freshly washed or painted walls and clean carpets, with furniture neatly arranged, will sell faster and for more money than one that looks „lived“ in. De-personalize the home. Get rid of the personal mementos and wall decorations, sports plaques or your child’s finger painting you have tacked onto the refrigerator as well as un-clutter and re-arrange desk(s) and bookshelves.

Clean the kitchen and bathrooms until they shine. These are the two most critically looked at areas of the house, right after the living room. If you have problems doing this, you may need to hire a home stager and a professional cleaning crew so that your home will look organized, clean and tidy.

After your home is in its best performance, you can also hire a professional photographer to take some great pictures of your home. Why you ask? Because in today’s market, many home buyers and their buying broker, look for houses on the web first.

If you belong to a FSBO service, they usually have a spot for you to put pictures of the home. Do not trust this requirement to your trusty digital camera you got for Christmas. Get a professional who knows real estate sales. Remember that first impression is an important thing, how can you sell your home fast if your home itself does not look attractive on the web. You want them willing to see your home after they have viewed the pictures you put up..

After all those things set, you can start to make an „open house.“ Open houses should be scheduled on the time in which your home shows its best performance or condition. For example, if you have a beautiful garden, show it off during the morning before the flowers start to wilt. If there’s one thing that you love most about your home, be sure to share it with potential buyers, but don’t hover. Let the potential buyers look for themselves. Let them ask questions and answer them honestly but then shut up. As a professional REALTOR® who partners with FSBO sellers, I have seen more first time sellers talk the customer out of buying, than I have ever seen them talk one into buying.

With today’s influx of foreclosures, if you need to sell your home fast, you may need some help from a professional in order to take advantage of their buyers list and their nationwide marketing.

If you are partnering up with the services of a real estate firm, your REALTOR® will be able to help you determine what needs to be repaired or corrected.

In conclusion, selling your home fast by yourself is not an impossible task. Those expenses you will incur to freshen up the home are worthwhile when compared to the money gained in the sale.

By Hans Rosielle – GRI

Property Mill Real Estate Group LLC

A Fixed Fee REALTORS® Guide for the FSBO Seller.

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Source by Hans Rosiele

Selling Timeshare – Here’s How to Sell Your Timeshare Fast Without Fees

Timeshares are a great way to enjoy your time off with your family and friends. You fly to whatever exotic destination your resort is located at and then all you have to do is relax and have fun. But the fun stops as soon as you run out of money to pay for air tickets along with ever increasing maintenance and other fees. So, before you know it, you are just paying and paying without ever setting foot on your timeshare ever again.

This becomes more evident any time the economy goes south, like it’s happening right now because timeshare owners can’t keep spending and they reach a point where selling timeshare makes more sense than keeping something they never use.

Sell Your Timeshare

Listen, it really doesn’t matter if you have to sell your timeshare because you need some cash desperately or because you can’t go on vacation anymore. The fact of the matter is that in order to get rid of the timeshare property, you must come up with a correct strategy and set a selling point that will be make your timeshare attractive to others while still making you a profit. After all, many timeshare owners make the mistake of asking way too much and never sell or worse, they have no idea what the current value of their property is and they sell it for way too low and they end up losing money.

Look, the first thing to do is find out how much your timeshare is worth. You see, not all timeshares are created equal and there are resorts that are always in high demand, while others need more creativity to make them attractive to buyers. You can find out how much to ask for your property by filing out a quick form online with some basic information such as your name and the resort name and you’ll get the information you are looking for. This is entirely free and fast.

Once you know how much to ask, you need to decide whether to hire an agent to handle the sale or decide whether you want to sell it yourself. Each one has its pros and cons and they depend entirely on how much time you have before you must sell, how comfortable are you dealing with contracts and other legal papers and how savvy are you when it comes to listing your property.

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Source by Kurtis Fred D Britt

24 Expert Home Staging Tips

„The first step in maximizing the sale of your home is to properly prepare it to show at its best. These 24 Expert Home Staging Tips can help you in a big way in either a hot or a cold real estate market, increasing your chances of selling, the speed in which it sells, and the price you get.“

1.) MAKE ALL NEEDED REPAIRS

Any small deficiency can take away from the appeal of your home to the potential buyer. A leaky bathroom faucet, a broken door bell, or peeling paint in the bathroom may seem minor to you, but these items could be a sign of overall owner neglect to the home buyer. That is why these minor problems should be either repaired, covered over, or replaced. All these signs of owner neglect must be eliminated. These items may be easily overlooked, so make sure you inspect your home thoroughly so that you can find and repair them. The best thing about these minor repairs is that they are relatively inexpensive and most you can do yourself in a short period of time.

KEY POINT #1 – BUYERS BUY ON EMOTION: believe it or not, almost every buyer buys on emotion (you may remember when you bought your current house, it „felt good“ – that’s emotion talking, not logic). The savvy homeseller looks for ways to present the house to make an emotional connection with the buyer. As the basis of the 24 Expert Home Staging Tips in this article, this is probably the most important point.

2.) PAY ABSOLUTE ATTENTION TO THE FIRST 30 SECONDS

There is convincing evidence that buyers make their minds up during the first 1/2 minute or so, when first viewing a property. That’s why the front walkway, steps, front door, and entrance are so important. Even if your master bedroom on the second floor is gorgeous, if a buyer is turned off by the time they get upstairs, it’s probably too late. Make sure your front walkway is clear of weeds and debris (and ice in winter!), do your best to make the entrance clean and tidy (put away extra shoes and boots), consider painting the front door (nice and shiny!) – creates a great first impression; consider replacing a rusted mailbox, and so on. If your front screen door is torn, replace the screen.

KEY POINT #2 – BUYERS MAKE THEIR MINDS UP QUICKLY, USUALLY IN THE FIRST 30 SECONDS: Professional marketers are paid huge sums to catch people’s interest in the first 30 seconds; they know that after that time, they either have them, or it’s too late Another key point in the 24 Expert Home Staging Tips.

3.) CREATE THE ILLUSION OF SPACIOUSNESS

Professional Home Stagers know that most people look for more living space when they are looking for a new home – and therefore „de-cluttering“ is the first and foremost technique that they use. There are subtle ways to make your home look bigger than it really is. The first thing that you can do to make rooms appear large is by eliminating bulky, unnecessary furniture. A room having more open space appears larger than a room of the same size crowded with furniture. Also, properly placed mirrors can double the size of a room, and you may want to consider purchasing one or more of these. Take unnecessary clothing out of hall and bedroom closets, and store these elsewhere. Having extra room in your closets gives a more luxurious, prosperous feel to the home.

4.) BRIGHTEN YOUR ROOMS

Most people like houses with large, bright, cheerful rooms. How do you get this appearance? If you have a lot of windows, half your problem is solved. Don’t keep the blinds closed – open the drapes and let the sun shine in! If your house doesn’t receive a lot of sunshine, check outside to see if there is something cutting off your light. The solution can be as simple as clearing overgrown shrubs or just washing the windows.

If you have a bright room, hang new, fully mature plants in the room. This will give the impression that the room is perfect for growing beautiful plants. If you have some rooms which receive little sunlight, brighten them up with a light coloured coat of paint. Finally, one of the easiest ways to improve the appearance of any room is to simply increase the wattage of the lightbulbs – the room will not only show better, it will also look bigger.

5.) DEALING WITH AN EYESORE, WHEN YOU HAVE NO CONTROL

Just as you accentuate the bright, clean rooms in your home, you should also hide any negative selling features. One negative selling feature could be any unsightly debris in your neighbour’s outside yard (especially something like an old car or trailer). Don’t try to hide this with heavy drapery, as this is one of the first things that the prospective buyer will look behind. Try to distort the view from the window by hanging a large plant in front of it. If you want to spend more money, you can install shutters. Make sure that the shutter still let the light shine in. Finally, depending with your relationship with your neighbours, you could ask them to clean it up!

KEY POINT #3 – YOUR JOB AS A SELLER IS TO MAKE THE PROSPECTIVE BUYER ‚RELAX‘ AND TO FEEL COMFORTABLE ‚AT HOME‘: when buyers relax, they imagine themselves in the home, and that is the first step to getting an offer.

6.) COMFORTABLE TEMPERATURE

Buyers relax and feel like buying, when they are comfortable. One terrific way to make anyone feel comfortable is to keep your house cozy and warm in winter, and luxuriously cool in summer. During the colder months, even if the house is not normally kept that warm, you don’t want to turn off the buyers by having the house too cold. People may wonder if there are problems with the insulation. It may cost a little more on your hydro or gas bill, but this is not the time to economize. The same rule applies during summer, If it is very hot outside, a nicely cool house will make potential buyers feel more comfortable. Showing off your central air conditioning is a definite selling advantage.

7.) PLAY BACKGROUND MUSIC

Remember Key Point #1 – Buyers buy on emotion. Music has subliminal powers. Stores pipe in soft background music to put customers in a comfortable, relaxed mood for (what else?) buying. If you choose to play music, keep the volume turned down low. Avoid playing music that overly agitates the senses, such as hard rock’n’roll. The music should be just ‚there‘, a soothing selling feature that does not intrude upon peoples‘ conversation.

8.) ELIMINATE UNPLEASANT ODORS

Each home has its own distinct odors, some of which can negatively impact the buyer. Those to watch out for: pets, heavy smokers, cooking smells, spice. Use the best products available to get rid of these undesirable odors, and remember to ‚air out‘ the house by opening a window or two, prior to any open house or showing.

9.) DISPLAY PHOTOGRAPHS THAT SHOW THE HOME DURING OTHER SEASONS

If your home looks gorgeous in spring, you will have trouble conveying this to the buyer in the dead of winter. During the time you own the home, you should take pictures of the outside of the house during different seasons. Show these photos to alleviate uncertainty in the buyer’s mind.

10.) INVEST IN A DOORMAT

There is almost no better or cheaper way to create a good first impression than by buying a new, clean doormat. First impressions are absolutely crucial, and an old worn out doormat is a telltale sign of owner neglect. Also, a good doormat will stop mud from being tracked into your home during the show periods.

11.) MAKE YOUR HOUSE APPEAR WELCOME

As mentioned earlier, first impressions are vital Many people drive up to a house and then drive away immediately if they feel uncomfortable with the property’s outside appearance. Remember, some home buyers view many homes in one day, and they may feel that they can cut down on their work by not spending time viewing homes they are not comfortable with. For example, if your curtains are drawn and most of the lights are off, your house may appear like an impregnable fortress. Put lots of lights on, including the outside porch light, so that they buyer feels welcome.

12.) HIGHLIGHT YOUR FIREPLACE

Almost everybody loves a fireplace! If you have a fireplace, you should use it for all its worth. Season permitting, light a fire every time the house is being shown, and during open houses. A firelit room looks and smells attractive. You can also prove to people that your fireplace does actually work.

13.) HAVE THE BEST-SMELLING HOME

Smells can bring back many nostalgic feelings for a potential buyer. One way you can elicit this is to put some freshly baked cookies or freshly baked bread in the oven. This is an old real estate technique, but it certainly does work. You can even offer freshly baked goods to people during the open house. Another alternative is to put several drops of vanilla extract onto a piece of aluminum foil; then place this in a 250 degree oven. Turn the heat off after 10 minutes, but the aroma will linger throughout the house for hours. Another point, make sure you don’t overdo it with air deodorizers. The last thing you want is for your house to smell like Lysol. This gives the impression that you are trying to hide some unpleasant odor. The more natural your home smells, the more comfortable the buyer will feel. Potpourri is probably the best natural scent, and try to place some in a decorative bowl in key areas – the entrance hallway, the bathroom, the master bedroom.

14.) INVEST IN A SHOWER CURTAIN

You’d be surprised how many people get used to their old, musty shower curtains, but this is the first thing a buyer will notice upon entering the bathroom. Shower curtains are relatively cheap and they can make the room appear brighter.

15.) PUT OUT FRESH TOWELS AND SOAP

To accentuate the bathroom, you should put out fresh towels and new bars of soap. Most people do these things before they have guests over, so why shouldn’t you put these things out for potential buyers? To add to the effect, you can use nice, perfumed bars.

16.) PREPARE YOUR HOME FOR SALE BY ‚DE-PERSONALIZING‘

This is a tough concept for many homeowners to embrace, but professional Home Stagers know that many times, highly personal touches in any home, while they may have a strong emotional connection with the current owner, will not connect with the potential buyer, and may in fact serve to disconnect with them emotionally. For example, things like a doll collection, or a plate collection taking up an entire wall, large amounts of personal family photos displayed throughout the house, tend to prevent the buyer from identifying with the house. It’s always a good idea to remove these highly personal items from the home – the idea is to present the house for sale in a state that everyone can identify with.

17.) USE FLOWERS TO ACCENT YOUR YARD

Even if you do not have a green thumb, you can still dress up your property with flowers. Just go to the nearest nursery and buy fully mature plants that are ready to bloom. A little watering each week can keep these flowers up to par. Be sure to get plants that have already started blooming, and plant them close together for a collective impact. One or two pots of blooming plants on the front step or porch can add immediate charm to the home.

KEY POINT #4: WOMEN ALMOST ALWAYS MAKE THE HOME BUYING DECISION: sorry, men, but with heterosexual couples in North America, and even in our multi-cultural world today, women are almost always the driving force behind home buying, and almost always have the final say on which property is purchased.

Most of the above pointers are designed to appeal especially to women; here are a few which may appeal to both men and women

18.) HIGHLIGHT A WORKBENCH AREA

A properly organized workbench area can be a real selling feature for any home. Don’t leave the work area cluttered and disorganized. Tools always look great when they are neatly mounted on a wall. Also, be sure that there is adequate light in this room.

19.) FIX UP THE DRIVEWAY

This properly falls into the category of ‚first impressions‘. A deteriorated driveway only spells more work for the prospective buyer. Repair cracks and potholes, pull out pesky weeds or get the driveway redone if it needs the work (spraying a new surface can be surprisingly affordable). In the winter, you should make sure the driveway is clear of snow and icy patches. The cleaner the driveway is, the easier it seems to manage to the new home owner. If the house is vacant, have a neighbourhood kid do the shovelling for you. A potential buyer will be impressed that a vacant home is so well kept.

20.) REPLACE OR PAINT THE GARAGE DOOR

One of the most effective things you can do to give your home ‚curb appeal‘ is to put on a fancy garage door. This is a relatively easy way to add a lot of class to an otherwise dull property. Also, garage doors are prime candidates for a fresh coat of paint. A nice, shiny semi-gloss adds immediate appeal to any home, and can be done in an afternoon.

21.) KEEP THE YARD IN GOOD SHAPE

Keep your trees and hedges trimmed, keep your lawn well manicured, keep the grass well watered, edge the areas between the sidewalk and the grass – all this work will add to a good first impression of the house. If you have a dog, make absolutely sure that the lawn is clean. Weed the flower garden, and keep your deck or patio clean and clear of debris.

22.) SPEND A LITTLE TIME ON GENERAL MAINTENANCE

Put away all clutter, make sure the beds are made and rooms are tidy during showings. Polish the floors, vacuum the rugs, paint or re-paper the walls where needed. Replace burnt-out bulbs, clean or replace shades, lenses, covers, etc. Check all switches for operation. Check all doors that they open and close easily and freely; oil any hinges that squeak. Clean and polish all appliances – stove, fridge, washer, dryer, etc. Pay special attention to stovetop burners and the ventilating hood and fan.

23.) GET RID OF ACCUMULATED STUFF IN THE YARD

Trailers, boats, campers, additional automobiles, and so on should be stored elsewhere until after the sale. Any items which must be stored outside should be neatly stored and/or covered.

24.) TRY AND BE OUT DURING SHOWINGS

Buyers are always more relaxed when the vendors are not there; take the dog for a walk, go for a coffee, take the kids to the park, whatever – but try and be away during showings.

THESE ARE SOME OF THE ADVANCED METHODS THAT WILL HELP YOU TO SELL FASTER & BETTER. THE DEGREE TO WHICH YOU WANT TO FIX UP YOUR HOME IS UP TO YOU, BUT EACH METHOD YOU USE WILL BRING RESULTS.

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Source by Randy Selzer

Great Tips on How to Improve the Value of Your Home and the Enjoyment of Your Family

Many people are choosing to stay put in their homes right now rather than selling their house home in this poor real estate market. Because of this, it is a great time to do some renovations or changes to your home not only because you do not want to sell your home right now but also because the costs to make improvements on your home are about 20% lower than they were prior to the recession. This article will discuss some of the home improvements you should do besides the kitchen and the bathrooms to get the best value back on your investment. It will talk about how to use Cincinnati masonry to have a new fireplace installed as well as having Cincinnati brick repair help to create an outdoor room by installing a new stone patio outside.

One of the things that many house hunters look for when they are looking at prospective homes is a fireplace in the home. Although, many people do not tend to use them that often, fireplaces are high up on the required list of items a lot of prospective buyers request in a new home. There are two different types of fireplaces, wood burning or gas and depending on where you live, you may have a choice on what type to put in your home. To reduce pollution, some states now require all new construction to only have gas fireplaces. Building this does not require the traditional stone chimney like a wood burning one would. If you like the ease of the gas fireplace you can also convert your current wood burning one into a gas one too.

There are several different styles of fireplaces that exist and the key to having a good quality one is to have a good masonry business to build a solid chimney and overall fireplace structure. If you live in the West many homes have more of a smooth stone surface that goes along with an adobe style home where in the East a traditional red brick fireplace is very common. Fireplaces and fire pits are also becoming very popular for outdoor areas as well and this leads us to the next home improvement, building a new patio or outdoor area to increase the value of your property.

Creating a new outdoor patio area complete with a fireplace or fire pit as well as a high tech grill and cooking area are all very popular right now. Many homeowners have realized that it is an inexpensive way to give your family an additional living space to enjoy without any construction like if you were to put on an addition to your house. Many people are sparing no expense putting in huge gourmet cooking islands, beautiful stone fireplaces and gorgeous multi tiered patios or decks.

Next time you think about improving your home, think about installing a new patio or putting a new fireplace in your living room. Both are things that your family will enjoy and will also increase the value of your home too.

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Immobilienmakler Heidelberg

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Source by Connor R Sullivan

Real Estate Signs – How to Use Them Effectively

Selling real estate is a tough proposition, whether you are a home owner or a realtor. However, there are some tools that you can use to improve your chances of a sale by attracting the attention of potential customers. Once you decide you want to sell a property, you have the gigantic task of getting the word out there so everyone knows that the house is available. Putting up real estate signs near the property and at other relevant locations is an effective way to spread the word.

Some homeowner associations may have rules pertaining to putting up these signs in your yard. It is important to ensure that you are not breaking any size or placement restrictions while putting up the For Sale signs.

Signs by Owners

For Sale by Owner signs are put up by home owners who do not want to take help from any realtor. These signs are generally simple as they have little information that needs to be included.

For Sale Signs by Agents

Real estate signs put up by realtors have to include much more information. Such signs serve the dual purpose of attracting a potential customer’s attention toward the property, and of promoting the brokerage and agent. Generally, these signs contain the name and address of the brokerage, office phone number, company logo, and web site information. Some signs may also include additional panels with information such as price reduction, actual asking price, and agent’s cell phone number.

Placement of Signs

The basic reason for putting up the sign is to gain the attention of any potential buyer or interested party. Once you have designed the perfect sign, it has to be placed well for it to have a maximum effect.

  • One vital aspect to remember is that the sign has to be visible from the street. While placing the sign, you need to factor in the existence of parked cars, trees, and even telephone poles that might affect the visibility of the sign.
  • It is a marvelous idea to place the sign near the sidewalk.
  • For homes located at corners, it might be prudent to install two signs – one on each street.
  • There is no point in placing signs at places that do not attract too many visitors. If the house is at a faraway location where traffic is limited, consider asking home owners who live closer to busy streets whether you could place directional signage in their yard.

Signs that give real estate information are an effective and inexpensive way to advertise the property. You can customize these signs to meet all your requirements.

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Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


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Source by Kristopher Daia

Sell Your Own Home Within 3 Weeks

If you’re a home owner suffering under the current economic climate, you might be looking to sell your own home in order to regain financial control. This is an extremely good idea, as you can always buy another home once the hard times are over. If you’re a bit uneasy about opting for a private sale, you might be surprised at how easy it actually is, especially once you have a solid plan in place.

It’s very possible to have your home sold within 21 days if you know what you’re doing. In fact, the current housing market is jam-packed with buyers because of the low prices, so it’s actually quite easy. The tough part will be getting a solid price without dropping down too much. See, buyers know how desperate home owners are to sell, which makes it a tough game. However, there are also a few powerful strategies you can use to sell for a higher price.

The first step to make this plan successful is to solidify your confidence in the price. Get in a third-party valuer, and get his or her full, honest opinion. You want to aim for a value in the top range, and be prepared to make a hard sell for it. Trust me, it IS possible to get a high price even in a buyers market!

Once you’ve got a confident price, it’s time to advertise. The key is to make your ads unique and original, and to use the internet for all it’s worth. There are plenty of free real estate websites out there that give your property good exposure to a wide crowd of buyers. You can even pay a few bucks to get extra viewing space in many sites.

To make your ads powerful and original, put yourself into the shoes of a salesperson. Be exciting, be confident, and NEVER use the word „negotiable“! Saying this word is like saying „I picked a price and just added $20,000 so you can knock a bit off if you like“. Really sounds confident, doesn’t it?

When you’re ads have seen some good exposure, you’ll start to get calls from prospective buyers. Invite them into your home, and make sure the place is clean! There are a few methods you can do this. The first is to invite each buyer one at a time to give the impression of a close, personal relationship. The other is to hold an event-like mass showing. Each have their pros and cons, so it’s up to you.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Jack Ingles

5 Considerations For Pricing A Home To Sell

When a homeowner decides, he wants to sell his home, shouldn’t his objective be, to get the best possible price, in the shortest possible period of time, in a way, where he minimizes stress and strain, throughout the entire process and period? When selecting one’s agent, he should opt for someone, who takes the time, and makes the effort, to thoroughly articulate his reasoning, approach, and how, he might work together, agent and client, to get the best possible results! Often, this begins, with a clear – cut, focused effort, on pricing the home, right, from the start, because, nearly every study and evaluations, indicates, most houses garner their best offers, in the first few weeks after they are listed on the real estate market. This article will attempt to briefly discuss 5 considerations for pricing one’s home, to sell.

1. Market conditions: There is no single way to price a house. Specific market conditions vary, periodically, and these should have an important impact, on how to proceed. Is there a buyers, or sellers market? It’s a Buyers Market, when there are more sellers than buyers, and a Sellers Market, when there are fewer homes listed, for sale.

2. Competitive Market Analysis: The best way to determine the listing price, should be, by using a Competitive Market Analysis, or C.M.A. This means, carefully, considering the price, similar houses, recently sold for, while taking into consideration, and adjusting upward and/ or downward, based on differences. When homes are priced right, from the start, they will generally attract the greatest number of qualified, potential buyers.

3. Economy: Economic considerations, are a major factor, in pricing. When the overall economy is strong, and there is strong consumer sentiment/ confidence, as well as a powerful job market, more people are seeking houses, which, based on the concept of supply and demand, raises prices. Conversely, when this is diminished, creates less interest, and the need to adjust pricing.

4. Mortgage rates: Most buyers purchase their house, taking advantage of using a mortgage. Therefore, they evaluate, their monthly expenses and costs, and when interest rise, and mortgage rates, do, also, fewer people are able to afford something, because it costs more to buy a specific – priced house. When this lowers demand, often, the house, sells for a lower price.

5. Specific strengths and weaknesses: Although homes may be similar, in terms of size, interior and exterior, etc, every property has specific strengths and weaknesses, which affect prices. The first is location, because certain areas might be more sought after, and, thus, buyers may be willing to pay a higher price, there. Upgrades, updates, condition (specific and overall), layout, curb appeal, etc, will either strengthen or weaken the potential selling price, of a particular house.

When you objectively, consider, these 5 considerations, and price the house accordingly, you enhance the potential selling price. Homeowners should identify, and select, the best agent, for their specific needs!

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis

Source by Richard Brody

Buying Property in the Cayman Islands

The Cayman Islands are made up of three islands Little Cayman, Cayman Brac and Grand Cayman. They are located in the Caribbean sea and are a British overseas territory. It is a fantastic location with great weather and for many reasons an ideal location to buy a home. Property for sale in the Cayman Islands has been popular amongst property investors not only because of its location but also because of the taxation system with no capital gains, no income tax and no inheritance tax – you can understand why!

The language is English with the Cayman Islands dollar (CI$) being the local currency however the US dollar is accepted everywhere. The government gathers its revenue by charging import duty which can be from 5% to 22% and particularly for cars anything from 29% to 100%.

The climate is typically Caribbean, the dry season is November to May and the wet season May to October.

If you are thinking of moving to and working in the Cayman Islands you need a work permit. You must apply for this before you arrive and you will need an offer of employment (the employer normally applies for this permit).

When you buy a property in the Cayman Islands you will be subject to the property transfer fee „Stamp Duty“ and this would be paid by the purchaser as part of the closing fees. This fee differs from location to location eg along the Seven Mile Beach it is 7.5% and the rest of the island is 5% and upwards. Once you have purchased a property then the title is recorded at the land registry office along with any mortgage (Charge) on the property. Solicitors fees are negotiable and tend to be around 1% of the purchase price.

According to a report by CIREBA (Cayman Islands Real Estate Brokers http://www.cireba.com ) property is on the increase and, in 2011, sales are up on those from 2010. In the September 2011 report it shows up to August 2011 property has seen an increase of 203% compared to the previous year. There has been CI$422 million in transfers up from CI$207million in 2010 and the figures are up on 2009 and 2008, but the actual number of transactions is down which means the high end property market is still good but the lower end is struggling.

Mortgages are available in the Cayman Islands and deposits are normally between 10-35%. There is no interest only mortgage available and you can ask to pay biweekly, which will reduce the interest payments and the term can be 20 to 35 years.

Property is available from Land, Condo’s or luxury villas with the higher prices in the Seven mile beach area, but if you buy to let then rental is also high in this area.

If you wish to buy a property in the Cayman Islands or any other country in the world then visit our web site http://www.online-property-sale.com or if you wish to sell a property then you can place a free property advert with us.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis

Source by Micky Davies

What Is the Difference Between Reinstatement Vs Modification of a Home Loan or Mortgage?

If your mortgage lender has sent you a letter demanding that you pay all of your back payments, as well as all late fees, penalties and legal fees in order to become current, then the process they are working with is called a reinstatement of your loan. Your lender views the delinquent amounts as defaulting on the terms of your home loan. This requires them to demand you catch up or they must foreclose on you and take your home. Can a home loan modification avoid this process and get you current without your having to pay this large amount? If the answer is yes, then why is this true? You may ask, what is the difference between reinstatement and modification of a home loan?

The demand for payment letter that a borrower receives is based on the terms of the loan. It only allows for paying the payment as described in your loan documents. If you are behind on your payments, you are still going to be held to the terms of your contract with the lender. There is no language in your loan to allow for changes. Therefore the lender has no other option other than collect or foreclose. You have fallen into default and the only contractual way to become current is to pay all past due amounts. Then your loan has become „reinstated“ and you can keep your home as long as you continue to make payments on time. This process is called reinstatement.

But, the problem with the reinstatement process is, that if you are too far behind then you will be unable to find enough cash to catch up all at once. The language of your loan, then triggers a foreclosure that you are unable to stop.

Unless….You are able to work out an agreement with your lender to „change“ the language and terms of your loan. This type of situation will call for „modifying“ your loan. You modify the terms to make it possible for you to continue owning and paying for your house. It would include interest reduction to lower your monthly payment and taking your unpaid payments and putting them back into your loan. The new terms would have the effect of creating new monthly payments, which would be affordable to you. Your monthly payments would now fit within your monthly budget.

Why would the lender do this? Because, your lender loses a great deal of money whenever they foreclose on a home. This is complicated, but the costs your lender must pay can include:

1. The cost of the foreclosure process going through the court system.

2. Your home will probably sell for less today that just a few years ago due to the economy. If your lender receives less than you owe them, then they lose this money.

3. Care of your home while it is in the selling process. This includes large realtor commissions, utility bills and upkeep.

4. The lender borrowed money from an even larger lender in order to loan you the money you used to buy your home. Your lender must pay this back.

5. While your home is in foreclosure or being sold, your lender cannot use it as an asset on the bank balance sheet. They are then criticized by government regulators.

Well what does your lender want? First of all, the lender wants you to catch up your payments on your own and get a reinstatement.. If that is not possible and you can identify the problems you have had that forced you to get behind, then the lender wants to work with you. The lender wants you to show what was wrong; what is different today; and what amount you can afford. Then they must see if they can make your plan work from their point of view.

If you can agree on terms that work for you both, then you can change the words, or terms, of your loan to incorporate the new agreement. You will not be getting a new loan or a refinance loan. You will do a „home loan modification“, which simply changes some of the terms of the loan, so that it now includes your new agreements.

Home loan modifications are done thousands of time per day, due to the present housing crisis. You can do it yourself, if you are familiar with the process. However, this can be tricky. I would interview several home loan modification process experts. Find out what they promise, what they charge and if they will take payments. For my recommendation see my resource box below.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis

Source by Danny Hammond