So Many Condos for Sale! Tips for Choosing The Right Place to Call Home

Many people are deciding to downsize on their homes today, whether the kids have gone off to college and retirement is coming soon, or they are young professionals not ready to invest in a large home. For these reasons, condominium living has become more popular in recent years. Urban areas as well as casual resort and more rural settings have condos for sale that appeal to just about any taste. These types of lodging are popping up in unexpected places today. They are no longer relegated to the high-rise resorts on the ocean as they were in the mid ’80s. Old warehouses and factories are being converted to provide living spaces, and cities are expanding out into what were once rural areas to allow for multi-family dwellings with a country, natural feel. With this vast array of types of condos for sale, it can be difficult to choose which is right for you. Here are some tips to help you out as you venture into condominium living.

– Like with all home buying, get prequalified for a mortgage first. Find out how much you can afford and what financing options are available to you.

– Select a realtor to help you out on your search. Their services are free, and they can offer you their expertise and knowledge of the area.

– Hire a law firm to help you out with paperwork for closing and legal advice for home buying.

– Have the realtor show you a variety of condos for sale: high-rises, flats, and lodgings with or without amenities like swimming, tennis, doormen, or workout areas.

– Plan to buy the largest space you can afford. Studios and one-bedrooms are difficult to resell, unless you’re in an area near college or university campuses.

– Visit the area at different times of day to gauge traffic, both pedestrian and vehicle, and to find out what the noise level is like.

– Choose a unit with the best view. This makes for easier resale, too. Be sure to pay attention to incoming sunshine, however: a great, sunny view can also mean higher air conditioning costs in summer.

– Check out the parking space situation and be sure there is plenty available for tenants and guests.

– Consider storage options by thinking about how much closet space you’ll need. Most complexes offer some type of on-site garages or storage areas. If not, you may need to incorporate a little extra cost to your mortgage calculation for monthly off-site storage fees.

– Don’t forget to check out evacuation routes in case of emergencies. Be sure to have an inspection performed by a certified building inspector prior to purchasing.

– Talk to neighbors and find out what they like best or what they may not enjoy about living in the complex. Ask around about pet policies and other details that might not have been advertised or explained by your realtor.

With these simple tips in mind and a great idea of exactly what it is you’re looking for in your new home, you can find condos for sale to suit almost any need. It’s a great way to live maintenance-free and in a smaller home when you don’t want or need a lot of space or furniture.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Alfred Ardis

How Any Real Estate Agent Can Generate New Leads & Listings from Foreclosures

The title to this article is a pretty bold statement, but if you’ll allow me a couple of minutes of your time today, I’ll show you how you can take advantage of a brand-new Real Estate niche that most Agents don’t know about. It’s not that they aren’t aware of it; it’s just that they haven’t put two & two together.

This new source of Real Estate Leads could mean another 100 – 600 new, very motivated (Seller) Leads that are desperate for your professional help. And that’s only for a market of 100,000 homes. You’re market could have even more.

Why hasn’t this opportunity been available before?

Well, before now all the pieces were not readily available. Today, the technology is in place, the turnkey business-in-a-box-training-systems are available, and the market for this business is very ripe & growing.

Foreclosures will be the next big thing in Real Estate Leads

We are often asked by our Coaches Corner{tm} Newsletter Subscribers (350,000+): „What’s the next big thing going to be for Real Estate Agents?“

Well, if you asked me that question specific to Real Estate Lead Generation, I’d have to say Foreclosures & PreForeclosures are going to be the next big thing for New Real Estate Lead Generation.

You’ve probably already heard that Real Estate Foreclosures, as of April 2007 U.S. Foreclosure Market Report (published by RealtyTrac® – the #1 online authority for Foreclosure data), are up by 62% nationwide from April 2006. Some states are up by as much as 3,325% (New Hampshire).

Real Estate Foreclosures Rates continue to grow

Recently USA Today printed an article about the fact that 75% of the new home mortgages in California are No-Doc-Loans (some industry experts call them liar-loans). These No-Doc-Loans allow the homeowner to use stated income and often allow them to borrow more money at higher debt-to-income ratios than they could traditionally. The no-doc loans have become very prevalent in the last couple of years and are now widely used nationwide.

In my opinion, the majority of these liar-loans are Real Estate Foreclosures in embryo. It’s likely just a matter of time before the homeowners get into trouble and fall into Foreclosure.

Over a Million Real Estate Foreclosures Each Year

According to RealtyTrac®, with whom we’ve established an exclusive partnership, the number of Foreclosures will likely exceed 1.2 million this year if we continue at this pace. To read the complete May 15th, 2007 press release for RealtyTrac®’s U.S. Foreclosure Market Report click here.

What this means for the average Real Estate Agent in a market with 100,000 households is that about 127 new properties will enter some state of Foreclosure per month. Some of the not-so-average counties will see 431 new foreclosures per month for those same 100,000 households. So, that means that there will be 14 new Real Estate Foreclosure Listings per day per 100,000 households.

If you had the home seller information in a timely manner and were equipped to deal with this specific type of lead, it could mean 100 – 500 brand new leads every month in a market with 100,000 households.

Most Real Estate Agents don’t know how to handle prospects in Foreclosure and usually see them as junk prospects. So, there’s very little competition for you in this niche if you become a Real Estate Foreclosure Expert.

Couple that with a very highly motivated home seller, and you have a recipe for New Lead Generation Success.

Do you know your State’s Foreclosure Rate? If it’s only the national average, you’ll have 1 Foreclosure for every 783 households like quite a bit of the country? How many households do you have in your market, and what does that equate to in Foreclosures? A whole lot no matter where you live!

The Foreclosure Rates are growing almost everywhere and there are already an enormous amount of potential leads for you where you live, so take action and equip yourself with as much information as you can on Real Estate Foreclosures. The information will help you carve out a brand new niche in Real Estate Foreclosures in your area and help you grow your Real Estate Business.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Dan Matejsek

Real Estate Foreclosures and the Art of Staging

Homeowners on the brink of losing their home to real estate foreclosures should understand the importance of home staging. Although you might have other things in mind, you will be surprised at what a bit of effort could do to improve the chances of your home getting bought before the bank forecloses.

Think Minimal

One of the most effective ways to showcase your home is to remove all clutter. Taking a minimalist approach will help prospective buyers imagine how their things will look like in your home. Also removing clutter will also make your home look bigger than it actually is. Even the external part of your home will benefit from some cleaning up. Mowing the lawn, applying a fresh coat of paint on your yard and clearing your driveway will surely attract buyers who are looking for homes or real estate foreclosures, which do not look like they need major repairs.

DIY Projects

Most homeowners would think that preparing their home so that they can attract more buyers will cost money. In reality, you will certainly need to spend some but it is up to you how you would control your spending. It would be best if you list down all the things that need repair in your home and determine which of these problems can be resolved without the need to hire a professional. Doing some of the repair work yourself will certainly save you a lot of money. Of course, you have to establish your limitations and never take on tasks which require the services of certified professionals only.

Staging is truly an art form and you need to place your shoes in the eyes of the people who are taking a risk by buying real estate foreclosures instead of existing homes or newly-built units. For this reason, you must convince them that it is a risk worth taking.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Wagner Leite

How To Create The Best Real Estate Listings

When someone is trying to find a new home, they may look up real estate listings. These listings may hold information that is crucial to picking out the right place to view. Some people will look through pages of listings and make a short list of homes there would like to view in person. Find out what makes a good listing and how to sort them out.

One of the first things that a person will look for when hunting for a home, is the location. They may type in a city and a certain area that may be important to them. If nothing really pops up, then the person could change cities or broaden their search.

Pictures of some listings are important to help lure people to it. Many people will scroll down the list of homes in the area and may stop only at the ones that are appealing. This photo is important in capturing the essence in the rest of the ad. If someone is taking a picture of their house or condo, they should pick the best picture from the outside and use that for the main cover.

On the inside of a listing, there will need to be lots of important information disclosed to the buyers. This information could include the size of a home along with measurements in each room. Number of bedrooms is important as well as the number of washrooms present on each floor. Some people will type in specific items about their needs in order to refine the search.

Main features will be highlighted in a section about the listing. This information may include some top features in the home. Things like AC, central vacuum and a fenced backyard could be ideal choices for someone who is looking. Some people want to know if the basement is finished and what aspects of the listing are new.

If there are any new features or work that has been done, a listing is the place to highlight it. New flooring, a new roof, windows and furnace could be of importance to a buyer. Someone searching through many listings and advertised homes may find that just a few have some of the things they are looking for.

Pictures taken in the rest of a home, can help to take people inside the home for a quick glance. Homeowners may snap photos of all the best qualities of any inside and outside highlighted spots. These images can help to create an image of a listing that some viewers will want to see. If there is something outside that looks special in the home, that shot could be taken and posted on a listing. A great deck, pool area, or garden could be an image used to post in a listing.

When real estate listings are used to help people find homes, they can help to narrow down a search. Buyers can use sites that help them key in on specific locations, sizes and features. Pictures and additional information can prove to be important when hunting for a new place to live.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Adriana N

Buying a Home – How to Save More Time With the Process

Buying a home doesn’t need to be a one man job. A person who wants to buy a home has the option of getting himself a realtor to make the job light and be able to find a home faster! If you don’t know, more successful realtors believe that the key to get want you want in real estate whether you are buying or selling a home is hiring a great realtor.

Agents can provide services that non-real estate agents can’t provide. They specialize about knowledge in real estate business which makes them the right group of people to ask for advices. The good news is agents are not hard to find. There are agents in almost every city. You can make a quick search in the internet to find out the list of real estate companies and real estate agents.

When hiring an agent, be sure to hire who has a good record, and I mean someone who have done many transactions and closed deals with clients. That alone shows that d he has the great qualities of a great agent. He is someone

1. Experienced

2. Professional

3. Reliable

4. Trusted

5. Has networks of people

6. Has a set of strong marketing skills

There are people who don’t want to hire an agent because they think that agent will cost them more. What they don’t know is having an agent is a great advantage. In fact, when you have a great realtor, it is like saying you found a great agent so you are half way to your home ownership! Here is the list of services they provide in behalf of you:

• Agent does the task of finding you a home to become a light task.

• Agent provides market appraisals of properties.

• Agent Negotiate the sale of properties. This is the very reason why you need an agent. They know better how to negotiate with the clients.

• Agent answers your questions and other concerns.

• Agent can help you not to have your time wasted on clients who could never qualify for your place in the first place.

• Agent could make recommendations when it comes to the home selling or buying pricing. Your agent knows better what price is right and what is not! This will save you more time, effort and money!

Finding your perfect home doesn’t have to be a challenge. Just take your time and follow these guide lines.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Monte H Mohr

9 Expert Tips to Help You Buy a Luxury Home

If you are looking to purchase a luxury home, you can choose from a lot of options. In this article, we are going to share with you a few tips from experts that will help you go for the best luxury home. Read on to find out more.

1. Find out about the Search Process

A lot of luxury homes are not listed in order to protect the privacy of the seller. Often, these properties can be found by talking to the personal connections of the realtor. So, what you need to do is check out several online sources as searching on big search engines is not enough.

2. Don’t make your Decision based on Photos only

If you make your buying decision based on the photos of the front of a property, you are making a mistake. It is important to note is that some homes are not photogenic and should be seen in person for a better idea of their suitability.

If you are going to buy one, you may want to find out about the vicinity of the property on Google Earth.

3. Hire a Local Expert

It is better that you work with the local real estate agent as they have a lot of information about luxury homes in your area. They can help you get an appointment to see the property of your choice.

4. Contact your Bank

Experts suggest that you contact your bank as well as they have your portfolio. Apart from this, you may want to understand the difference between the pre-qualification letter and the pre-approval letter.

5. Document Everything

These days, the high-end real estate market is going through a lot of scrutinies. Therefore, it is a must to have financial documents. So, you may not want to shelter your money as it can create difficulties for you later on.

6. Hire Reliable Advisers

Your real estate agent should not be your decision-maker. Their job is to give you useful suggestions to help you make a better decision. Therefore, you may want to make your decision and hire only a reliable advisor.

7. Consider the Title Insurance

You may want to go for title insurance as this can help you be on the safe side. Apart from this, you may want to check out the exception page of your title insurance prior to closing time.

8. Look into the Future

You may want to find out more about the properties being planned around your property. If your neighbor builds a building taller than yours, it may have an impact on your property as well. Besides, you may want to consider the timeline as well. This is important if you want to avoid construction delays.

9. Cooperatives and Condominiums

In case you are going to buy condominiums or cooperatives, make sure that you hire the services of an attorney that can help you know the financial viability of the building.

Long story short, if you are going to invest in a luxury home, we suggest that you consider the 9 tips explained in this article. This will help you make an informed decision and by the house of your dream.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Shalini M

How To Value My House: What Is My House Worth – Being Realistic

„People only see what they are prepared to see.“

-Ralph Waldo Emerson

Part 1: Being Realistic

What is my house really worth? How to value my house may seem difficult to answer when selling your house on your own, but it is not. It is important for you to value your house objectively and not subjectively by leaving your preconceived notions and emotions at the door. It is difficult to do, but you need to look at your house as if it is someone else’s house and without the personal emotions that may cloud your judgment. Yes, you do know your house better than anyone else, which will help you value your house and sell your house, but you can’t let that information over influence the value you set for your house. In this article we are going to discuss a few points on how to value your house from the many detailed strategies in our eBook Sell Your House Now: Without A Real Estate Agent and Save Thousands.

Although you likely will be selling your house on your own, the number one frustration most real estate agents have is the fact that house sellers always believe their house is worth more money than it really is. This is understandable, as we seem to overestimate the worth or value of our personal belongings while possibly underestimating the worth or value of others peoples belongings. Now I’m not saying that some real estate agents don’t try to price homes low so they sell quickly, save on marketing costs and can receive a commission more quickly. But a real estate agent’s fiduciary responsibility is to sell your house as quickly as they can while getting you the most money for your house. If a real estate agent is truly upholding their responsibilities, the price they set should be the best price based on their research and not motivated by anything other factors. The last thing they want to do is price a house too high, unless they are just trying to make you feel good and win your business, which means the house won’t sell and they’ll have to have that uncomfortable conversation with you in a month or so to reduce your asking price.

With this in mind you need to be realistic on pricing your house. Ultimately the true value of your house will be what someone else is willing to pay you for your house. Remember, the price of your house is what you are asking someone else to pay, but the value of your house is what you and a buyer ultimately agree the house is worth with the consummation of a contract. If you set your price to high initially and have to continue to reduce your price, potential buyers could see this as desperation and wait to see how far you will reduce your price. It could also increase the „on the market time“ for your house, which could convey the message to potential buyers that something is wrong with your house.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Louis J. DeMedici

5 Profitable Ways To Use Your Book’s Sell Sheet

Introduction

Your sell sheet is the equivalent of your book’s resume, and it can be a very powerful and profitable marketing tool. The whole purpose behind creating it is to tell the world about your book, so it must make an impressive impact. Get the word out as fast and as widely as possible, and before you know it, the sales will start coming in. These five ways are the preeminent places you must start with to get your sell sheet into the right hands.

1. Media Kit

A media kit, often referred to as a press kit, is a set of promotional materials that is distributed to the media for promotional purposes. A sell sheet is an integral part of this media kit. Each and every book that you publish needs to have its own media kit. This kit needs to be very well prepared and complete, and viewable as a PDF. You can typically have one basic media kit for all of your books, with an individualized sheet for each book.

2. Website

Your media kit must be accessible from your website as a downloadable PDF. Also include a PDF of the sell sheet for each book that you publish, directly on the webpage for each book. Doing this will allow everyone to be able to easily and quickly find it and view it.

3. Email Marketing

Email marketing is amazingly cheap, quick, and easy to implement. One of the best things about email is that it is trackable. This data can be used to analyze open rates, clicked links, and conversion details. All of this data can help you fine-tune your email content and message. Use email to stay in touch, and share your sheet, with all of your leads, and current customers. Email bookstore managers, library book-buyers, book reviewers, and print and online media about your new publication.

4. Direct Mail Marketing

Direct mail will get your sheet directly into the hands of potential book buyers. The very buyers that might not have been able to find you or your book in today’s crowded book market in the first place. It is also your chance to lead them to your website, where you must provide more marketing material for your book, and also wow them with information about you. Bookstore and library email addresses can easily be found online.

5. Hand-Out

Whenever you attend a conference, trade-show, give a class, or presentation, use the sheet as a back-of-the-room hand-out. If you have an office that clients visit, leave the sell sheet at the receptionist’s desk where it can easily be seen.

Conclusion

If you stick to these five profitable ways to use your sell sheet, you will make a great impression and increase your chances of selling more books, and bring in new customers.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Joseph C Kunz, Jr

The Several Techniques Used to Value the Land of a Property

Valuating land has a direct relationship to a highest and best use analysis. The comparison between highest and best use and land or land value will show whether an existing use is the highest and best use of the land.

The valuation of land plays a huge part in the total valuation of property value or real estate. Appraisers will often create an estimate of land value separate from other features of real estate such as building improvements. The land value and building value will change to different rates depending on the improvements and their corresponding depreciation factors. For many estimations of real estate valuation, a separate figure for land is the best way to evaluate the perceived value.

Although total property estimation may be brought forth from direct comparison or income approaches without separating land and building values, it may be needed to value the land separately to detach the land figure from the overall real estate worth. In the cost approach, it is an absolute necessity to estimate land and improvements separately.

Creating an opinion of land value can be presented as a separate hurdle in the valuation process. You may use several techniques to attain an expression of land value including the following:

– Direct Comparison

– Extraction

– Land Residual

– Ground Rent Capitalization

– Subdivision Development

– Allocation

Usually the most accurate and effective of the techniques to derive a land value is the direct comparison approach. However, when there are a limited number of sales available or when the estimate produced needs addition support, other techniques could be used to back up the comparison approach such as the ones previously mentioned. With the allocation technique, either sale transactions of improved properties may be analyzed or the total prices paid would be allocated between land and the improvements. Comparable sites under development may also be analyzed and the cost of the finished properties should be allocated between land and improvements or buildings. Under the extraction technique, land value is determined by subtracting the estimated value of the depreciated improvements from the known sale price of the property.

The other methods of land valuation that were mentioned all use Income Capitalization. Using these techniques are subject to more limitations and are used less often in the estimation of land. The subdivision development technique is a special method useful in specific land use cases. The land residual technique is used most often the highest and best use analysis to test the feasibility of different uses that to value land as part of the traditional approaches to value. The ground rent capitalization can be used when land rents and land capitalization rates are available in the focused market or area. A comparison of that information will then be cross-referenced to the subject land in need of an estimate.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Jonas Perov

Townhomes for Sale

You can trace this word back to early England royalty where the term referred to a home that was kept „in town“ when the primary home was in the country. Today, in the United States, it is a single-family home with at least two floors. The house shares a wall with another townhouse. Although they are like a duplex, there is one difference. Townhouses are owned by an individual and duplexes are not. You can find townhomes for sale in areas where property prices are high and land is in short supply. Many times people will look at both condominiums and townhomes for sale because they think they are the same. There is a difference though. Yes, some townhouses are sold under the listing condominium but the difference is the form of ownership. If you purchase a condominium or a townhouse that is listed as a condominium, you will just own the inside of the building. You may own the property outside as well if you purchase it as a townhouse. It depends on the rules of the homeowner’s association.

Advantages

• Living in a townhouse you are flanked on either side with other homes can give you lower heating bill since only two of the townhouse have outdoor exposure directly

• If it is part of a homeowners association you have little responsibility in regards to maintaining the outside, which can mean less maintenance costs

• Townhomes for sale are less expensive to buy than a freestanding house, which is good when money is tight.

• Being two floors there is less noise below or above and more privacy

Disadvantages

• They are lower in value and if you sell your townhouse there is less profit to be made.

• If you have to sell your townhouse in a depressed market you could lose money

• You may be disturbed by your neighbor noise

• Have little space to garden and a small backyard

• You have less say about what the exterior appearance of your townhouse

• Because there are two sides, three if you live at the end of the row can have windows so there is less light in your townhouse.

• In certain real estate markets, buying townhomes for sale can be financially risky

• There may be homeowner association fees you have to pay, and they can be high

If there seems to be more disadvantages than advantages to buying townhomes for sale there are many people who enjoy living in a townhouse and will put up with the disadvantages. They like the close proximity of their neighbors. They are glad they do not have to be responsible for the upkeep of the exterior property, even if they have to pay homeowner association fees.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Lora Davis

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