Rent - Exchange - Buy - Sell my home

Marketing Strategies For Real Estate Investors

Sat, 20 Jan 2007 10:03:48 +0100

People are increasingly investing in real estate after the uncertainties of the stock market. Many real estate investors are new to this market and often make mistakes leading to losses. They need to plan strategies for investing in real estate. People invest in real estate for selling at a later stage for a handsome profit. For this they need to have a marketing strategy in place.

Buy At Bargain Prices; Many real estate investors have entered the business because they saw someone else do the same, and make oodles of money. This is a big mistake, as it may not always work for you. As you will be selling your property later, you need to make bargain purchases, where you pay only around 80% of the current market value. Not easy, but possible.

Buy foreclosure properties; buy properties that are off the beaten path; properties that people avoid due to some adverse aspect they have – such as a massive roof leak condemned by the board of health.

Foreclosed properties are always bargain buys, and you may even get them cheaper than 80% of the current market value.

Upgrade The Properties; By upgrading the properties, you add market value to them. A property condemned by the board of health due to a massive roof leak, with a market value of $300,000 could be bought for, say, $200,000.
You can upgrade the property by effecting roof repairs, which could cost about $40,000. You can make a neat little profit, just by effecting little repairs, and easily selling for about $280,000, which is below the current market value.

For more details visit www.homes-seekers.net

Comments

10 Things You Must Do After Buying a Home

Fri, 19 Jan 2007 06:51:16 +0100

1. Follow-up on your utility transfer.

You may have already started this process prior to closing. If not, that's okay too. Just be sure to follow up on electricity, gas, water and other paid utilities in your area to ensure proper transfer. It will save you a lot of headache later on, and possibly even a "lights-out" scenario.

2. Complete a change of address form.

If you haven't done so already, visit the local post office or go online to complete an official change of address form. Do this early on, and you'll minimize the amount of mail that gets sent to and forwarded from your old address.

For more details visit www.homes-seekers.net

Comments

How Your Life Can Change As A Property Investor

Wed, 17 Jan 2007 09:41:43 +0100

Your Life Will Change. Being a Property Investor is not a regular 9-5 job and you must be prepared for the changes that this will make to your lifestyle, whether you do this part-time or full-time. Like most things in life, Property Investment requires commitment, dedication and a certain amount of discipline, it won't happen all by itself, you need to put effort into it. At times it can be hard work, other times it can be fun and entertaining, but regardless of this you will only get out of it what you put in. Make sure you have the right attitude before you start, or you may just end up wasting time and money.

Friends, Family and Others - Those around you will not necessarily agree with your choice of occupation or investment, some may even consider you crazy and try and talk you out of it. This is a genuine way of earning an income and some people do very well out of it. You need to remain positive and focused. It is often futile trying to make all your family and friends understand what you are doing or why as no amount of explanation will make them understand or agree with you. Learn to accept their view but not adopt it.

For more details visit www.homes-seekers.net

Comments

Advantages of Investing In Mobile Homes with Land

Sat, 13 Jan 2007 09:42:53 +0100

Economics of a Mobile Home Park; One unique advantage of investing in mobile homes on land is the option of being able to sell the mobile home and rent the land. It is possible to earn a return of over 25 percent of your investments in this business. Some other financial aspects are: The best option is to buy on cash and sell on terms. It is possible to arrange the finances from lenders, even if it means paying a higher interest rate on the borrowing. Higher earnings will compensate this. A promissory note, secured by a first lien in the home being acquired and guaranteeing payments will convince the lenders to part with their money. Providing seller financing will give greater returns than profit from sale of the property. The returns are increased proportionately if the park has many vacancies that can be rented out. An attractive and well-kept park will allow you to get higher rentals.

For more details visit www.homes-seekers.net

Comments

Top 10 Tips for Buying a Property Overseas

Fri, 12 Jan 2007 11:52:33 +0100

1. Have clear motives
Buying a second home is no small purchase so be clear in your mind why you are doing it. Are you looking for a holiday home, a place to retire to or an investment opportunity?

2. Do your research
Never buy a property without first checking that the location suits your needs. Spend some time there and consider transport links and facilities.

3. Choose a reliable agent
Most property agents are on your side but word of mouth recommendations from friends are a good starting point when choosing a reliable agent to assist you in finding your overseas home.

For more details visit www.homes-seekers.net

Comments