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Purchasing Short Sale Properties

Purchasing Short Sale Properties

A lot of people want to have good bargains when it comes to buying properties. The opportunity of getting one has been made possible by the auctioning of the foreclosure properties in the market.

Unfortunately, the chances of getting them are slim because people who have more money usually get their first dibs on them. Real estate investors are very good in finding them that as this is how they make a living. They get first hand information from contacts and upon hearing the news, they already have an action plan to get the property. They can even bid the maximum and still get the best price for the property.

If you were an ordinary person wanting to buy a house for personal use, you can get deprived of this opportunity. Some wouldn’t go all the way to top an investor’s bid just to own a bargained property. If this happens, you may get caught up with the bidding war. You can win the bid but then you may have paid already too much for the property.

So a better option in getting bargained properties will be short sale. This kind of option does not involve bidding. The properties for sale are those that are being foreclosed. It’s just that the seller is trying to avoid the foreclosure process that is why they are selling the property for less than the amount owed from their lenders.

However, buying a short sale property isn’t a walk in the park. To be able to get the property, you have to do several things. One is to make an offer that the lender wouldn’t hesitate to accept. The seller would then go to the bank and submit the request for short sale, together with your offer and their letter of hardship. Then it would take time before the bank would approve the sale because they have to analyze their losses.

The good thing about short sale is that you get to transact with the seller personally.

Tips in Buying Short Sale

First of all you have to find a property for short sale. Finding them is not a piece of cake but they are everywhere. It is just a matter of identifying them. The best way is to ask a real estate agent. But you can go ahead and visit local courts to see which properties are foreclosed. And you can check if you can talk the owner into selling through short sale

It is also best that you investigate about the seller. Ask them the reason why they had problems for mortgage. Ascertaining the kind of hardship they are going through will give you an idea on the likelihood of getting the short sale approved. Get pre-qualified for financing. If you are serious on buying the property, you must have the necessary funds to buy it. If you have to get mortgage for it, then start working your application ahead of time.

Determine the legal implications of buying the property. You do not want to have problems with the seller’s encumbrances that will be passed on to you once you own the property. Before deciding to go through with the purchase, consult a real estate lawyer to determine how the encumbrances could affect you in the future.…

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Yes China Has Spectacular Growth Numbers – But How Much Is Fake?

Yes China Has Spectacular Growth Numbers – But How Much Is Fake?

Don’t you find it completely amazing that year-over-year the Chinese government claims that China’s GDP is increasing by 10%? And who is to say for sure? After all, there is very little transparency, and a lot of that GDP growth is not actual or real. Just like many of the banks in China have outstanding loans that are no good, and they aren’t even worth the paper they’re written on. Yet those same banks are doing initial public offerings, and capturing tens of billions of dollars in capital.

But I ask you, are they merely raising capital to cover their butts, for all the bad loans in municipal vehicles that they have outstanding, if so, then that is fraudulent by Western Standards – and if so then all the investors that put up that money, have invested not in an actual bank, with transparency, and not in a free market enterprise, but rather in a house of cards.

Do you recall when Dubai was growing by leaps and bounds, it looked like they had more money than God, I mean Allah. The real estate prices kept going up and up, and every new building was taller than the last, until they had 10 of the tallest buildings in the world. Yes, a stunning job in human engineering, clearly impressive in all regards, but, that’s not my point here.

It turns out the whole thing was a giant real estate bubble, built on a foundation of sand. If you will recall everyone thought they were a rich nation, but it was all based on debt. It wasn’t real, and whereas it appeared to be too good to be true, that’s because it was. Now China could be little different because it has the demographics behind it, for solid growth if they run things correctly, but I doubt that, and worry about the whole; “it’s glorious to be rich,” motif.

We must also understand that the United States also went through periods of near bankruptcy, industrial revolution, labor riots, corruption, chaos, and several complete market collapses. For anyone to think that the technocrats in the central government of China can maneuver through all those same obstacles without any chaos is kidding themselves. Just because China doesn’t have to be transparent, does not mean all is well, because it obviously isn’t.

China may be able to hide its tracks better, and clampdown on the media, and prevent the truth from being told, but there is far too much foreign investment going into that country for the secret to stay in-house. Yes, China does have incredible growth numbers, but I ask you how much is actually real? Now then, I’d like you to please consider all this and think about it.…

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Roatan – A Lush Caribbean Paradise

Roatan – A Lush Caribbean Paradise

If you are looking for an interesting, off-the-beaten path vacation destination, Roatan may be just the place for you. The largest of the three Bay Islands of Honduras, Roatan is a tropical island located just off the north coast of Honduras. It has broad white beaches, lush jungle-covered hills, the second largest barrier reef system in the world, charming people, and an authentic Caribbean feel.

Diver’s Paradise

Thousands of scuba divers travel to Roatan annually to explore the large barrier reef system. It is one of the best snorkeling and diving spots in the Caribbean. Tourists used to be mainly divers, but in recent years the beautiful island beaches have attracted hotel developers and cruise ship operators. There now are several cruise ship ports on Roatan, causing a noticeable influx of visitors to the island. Tourism is its most important economic sector on Roatan, although fishing is an important source of income for islanders.

Explore the Island

While snorkeling and diving are still as popular as ever, there are plenty of other things to do. Guests can interact with dolphins, explore beautiful tropical gardens, bask in the Caribbean sunshine and much more. The island’s friendly, “laid back” atmosphere invites you to relax and enjoy its many fine restaurants and bars. Places to visit include the Mangrove Tunnel near Oak Ridge, the Iguana Farm, the Tropical Butterfly Park, Marble Hill Farms, the Cameo Factory in Coxen Hole and the Institute for Marine Sciences at Anthony’s Key.

Municipalities and Towns

There are two municipalities on the island, Jose Santos Guardiola on the east side and Roatan on the southwest side. The largest town on the island is Coxen Hole, capital of the Roatan municipality. Other towns include French Harbour, West End and Oak Ridge, capital of Jose Santos Guardiola municipality. The easternmost portion of the island is separated by a narrow channel through the mangroves. This section is called Helene, or Santa Elena. To the west, between French Harbour and Coxen Hole, is Barefoot Cay, a privately owned island with a beautiful marina, and excellent dive shop.…

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How to Use Google Sites to Capture Real Estate Leads

How to Use Google Sites to Capture Real Estate Leads

Google has a lot of great business apps you can use free but the ones I use to generate leads is Google sites, and Google forms. When you want to generate real estate leads you can easily and quickly create custom pages to target any specific audience. In this article I will teach you how to quickly create some and how to target a group of consumers to capture information.

Step one: Decide who you want to target. You can look for investors, first time buyers, people needing to short-sale, or a buyer in certain geographical locations. I will pick first time buyers for this sample, and a great audience would be newlyweds. We will just create a form with a catchy title like move in ready homes with low down payment. Underneath we just need a paragraph describing what you will be offering which in my area would be move in ready homes under 250K that can be financed through FHA. Maybe make a note saying you are offering a free list of the best deals. Make sure you add your contact info and any other items required for ads in your state.

Step two: After you have the catchy title and body you create custom fill in fields. They will be right in front of you when you press edit and you can’t miss it. Just edit what it says. I make a box for name, then email and mark them as required. Then I make a paragraph box asking the consumer to describe what they are looking for. Now whenever a consumer fills out the form you will be notified of the sign up and have the info needed to give them listings and market to them. You can just make a Google site also that has links to your social sites and contact info that people can get to from a QR code on your business card or water bottle.

Step three: Get the form in front of people for traffic. You can generate online and offline traffic to your form and you can create any amount of forms or sites that you need. For my example I could create a Facebook ad that targets people in my area between 26-34 years old that are engaged or married. (About 50% of newlyweds buy a house). This should create me a list of good leads for very cheap as Facebook will charge me about $1.75 per click on these. My last promo generated about 100 leads in 2 weeks. The rest is up to your sales skills to close.

These forms work great with QR codes also as people can scan a flyer or sign to get to your form offering school info, comps or more listings, which will always capture consumer info.

I hope this article helps with your lead generation and gets your creative juices going when targeting your audience. It’s easy, flexible and fast plus will grow your database quickly getting you more deals fast.…

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Three Ways to Get Involved in Real Estate During a Downturn

Three Ways to Get Involved in Real Estate During a Downturn

When people hear about a downturn in the real estate world, they just sigh. No one wants to hear that their homes are worth less today than they were yesterday. No one wants to live in a world where house prices keep shrinking and everyone seems to have trouble selling their home.

Everyone except real estate investors, that is.

A real estate investor who really knows his stuff can get involved in – and turn a profit from – property even when downturns happen. While many people fret about how hard it is to sell, the buyers of the world are pleased because it means they can hunt for bargain after bargain. Of course, waiting for a downturn to happen isn’t a great strategy – it just simply means you’ll have to change your strategies to suit the market.

If you want to get involved in investing with sound strategies during a downturn, here are a few tips.

1. Try less-conventional transactions like a Subject To transaction. In a Subject To transaction, you can take on the expenses of a mortgage with a limited up-front investment, taking advantage of the “seller’s market” by making sure you can get a piece of real estate for a relatively cheap amount of money. Upfront investment? There isn’t much.

2. Remember that sellers are looking to sell – often at reduced prices. If you have the money to hold a piece of real estate long term, you can buy someone’s home at a reduced price thanks to the “seller’s market” and wait until even a small upturn to increase the property value. This can be risky if you need to take on some expense risk in the short-term, but if you know how to create a good situation or can even rent a piece of property out, you’re looking at long-term success.

3. Building real estate can often be cheap because of the reduced activity – if you’re looking to expand or develop a piece of property, you might be able to find quotes that are less than they have been in years past.

Remember that you don’t have to be subject to any one particular swing in the market and you’ll be just fine. Adopt a mentality that says “I don’t have to succumb to anyone’s particular feelings” and you learn what it takes to be a confident real estate investor who’s working off of his own attitude – not everyone else’s.…

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Real Estate – Invest Your Money Wisely

Real Estate – Invest Your Money Wisely

Real estate had temporarily lost its sheen because of the sudden contraction of the market that had left property owners stranded. However, indications are that the worst is over in this industry and the market is beginning to look up once more. This is actually a very good time to purchase commercial or residential property because prices are extremely low. Even so, you need to be extremely careful with regards to how you invest your money in property.

It is fairly easy to find properties for sale these days because foreclosed units are still coming on the market. This actually creates a good situation from the rental point of view because you are bound to find plenty of renters for residential units. Make sure that the home you purchase is in an area where there is great demand from renters. It should ideally be close to recreation areas or within easy distance of the CBD.

You also need to make sure that the home you purchase has a clean title. Check all the paperwork in order to ensure that there will be no disputes at a later date. You should also check the house thoroughly in order to assess what condition it is in. If you have to spend a lot of money to repair or renovate it then your profit margin will diminish. Besides, you will only be able to rent it out after a while.

If you are borrowing money in order to pay for the property then you ought to get the best possible terms from your lender. Have talks with more than one lender in order to figure out which one can offer the best rates to you.

You will realize that the task of investing in real estate becomes very easy if you get help from an agent. Realtors who have plenty of experience and contacts will be able to help simplify the entire process starting from identifying the best property. They will also help you find the most suitable funding for your purchase. Make sure that you select a realtor who is familiar with the particular locality you want to invest in.

Put a lot of thought into the purchase in order to ensure that your returns are higher than the interest cost on the loan. You will certainly be able to start creating wealth if you invest your money wisely in real estate.…

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Real Estate Info to Sell Your House Quickly

Real Estate Info to Sell Your House Quickly

If you are trying to sell your house, there are a few things you should know. Real estate info is vital for you as is special real estate info that you have never thought of. Your house has certainly some advantages and some disadvantages. The first thing you should do is to highlight the advantages. The second thing is to eliminate the disadvantages. Now you are probably thinking of a way to do that. There is obviously nothing you can do to relocate your house in a better neighborhood, but there are a lot of things you can do to make it look different and sell faster and in a higher price.

First of all, take a good look at the entrance. The entrance is what makes the first impression. A neglected entrance with a door that has a pale color and is probably even not painted recently makes a very bad impression. So if you think that you can do something for this situation, you should know that it will certainly be worth it. Making the entrance look vivid will make your house seem inviting and this will help the buyers to picture themselves living there. The same issues are applied to the entryway. If your house has a hall or much space in the entryway, you should make sure that it is tidy, clean and provides a warm welcoming feeling to those entering the house. Remember to keep some furniture in this room apart from the coat hangers, but don’t clutter the space too much.

If you need more real estate info, you have probably searched a number of sites that don’t provide simple solutions. There are not many things you can do to make your house appealing, but with a little rearrangement you can see a big difference. So if you have a big kitchen, you have probably ended up storing all sort of things there. The problem here is that these things are most of the times things you don’t use but are not willing to throw away. So they end up cluttering your kitchen, giving the feeling that nothing else can function. However, the kitchen room is an important room in the house.

Food is prepared there and the family has the chance to sit at the table and eat enjoying each others’ company. This is the feeling the kitchen should provide to the potential buyer of your house. The best approach is to throw away all the things you don’t use and keep the bench and the dining table clean. If you are reluctant on throwing away your things, you can donate them or sell them. The best real estate info available can be found in this one phrase; keep the house clean, organized and inviting to the guest. Real estate info is not hard to get, but is hard to implement. So make your best effort to follow these tips to make your house sell fast especially if you have already bought another house.…