Archive for March, 2008



Pricing in Real State Property

Tuesday, March 25th, 2008

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It was the job of the landlord to determine the competitive price of rent in their area. It will be better if they can compute the average rent. Depending on the style of the property, number of rooms, apartment style or condominium? Most buyers were concerned with this. Next for the landlords was to decide how long they will offer the property for renting.

Having a twelve months duration agreement is the safest term as far as income is concern. The longer the terms better the deal. Having a lock-in period deal of more three years will bring steady cash on the landlord’s hand

Home ownership the new ‘thing to do’ in your 20s

Thursday, March 20th, 2008

When I was in my 20’s parents would always say “finish your studies, land your first job”.  Today,  parents are saying “land that job, invest in property”.  And you’re not even 30 yet!  Lots of first time home buyers don’t want to wait for marriage before jumping into a hot housing market. Today’s young adults are not with lingering student loans, unwanted career tracks and high housing prices stop them from looking for their first home.

The generation of young adults, ranging from 20 – 30 knows a hot market when they see one, and lots have developed strategic ways to have their own home at a younger age, often without the help of a spouse’s salary. Several people buy their first home jointly with a brother, sister or even with a friend. Few became small-time landlords, renting out basements or extra rooms to renters who leases offset the mortgage.

Promoting Real State Property

Saturday, March 15th, 2008

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Now that you a vacant property next assignment was to market it. Flyers are the most convenient way of spreading the word. You can send it to schools where most teachers even students looking for house. Post it at the church bulletin where. Put it in a nearby store where your property is located. Keep in mind to secure permission where you will put your flyers.

Internet also may also serve as tool for marketing. Tenants may look into search engine to avoid the hassles of physically looking for a house. Although, some site may ask for fee for the advertisement it will be covered once the property was purchased.

One in five consider cashing in their home

Monday, March 10th, 2008

Do you know that one out of five people consider giving up their homes before news or even rumors of devaluation sinks in?  Getting off the property ladder to spend in on the value of their home before the prices starts to fall. About 18% of home owners planning to move thought of going into rented accommodation while 14% planning to move are considering renting to save money they have tied up in their home to slow down cash-flow problems.

The survey of a thousand people found that 9% thought of leasing a home after a relationship break-up while 7% of movers were getting off the property ladder by planning to move abroad. And the 3% of those people didn’t want to have a responsibility of owning a home.

Know the insurance you need

Friday, March 7th, 2008

post-5.jpgBefore placing an order for an insurance policy for your property, you must know how much insurance your property needs. Most real estate insurance agents use different cost estimators to compute for estimated figures. This ensures that you pay the correct sum for the insurance of your house.
If your lot is larger than your property, you can expect a price for the insurance less than the amount you actually paid for buying your property. This is, obviously, because what you pay for insurance is the coverage for your house and not for your land.
The coverage is called Replacement Cost Coverage – insurance companies assigns certain percentage of coverage of insured amount.

Lose money at home in your spare time!

Wednesday, March 5th, 2008

Probably the easiest thing to do in the world is burn money.  Play the stock market and don’t learn the rules… Buy High, Sell Low. Its simply easy, in fact anyone can do it. You just need to learn a few technical terms and you can automatically lose money in just a snap – overnight.

You may extend the “fun” a bit by playing the casino on weekends!  Spare time?  Loose money fast… easiest thing to do really.  But if I were you, if you really want to have less the work and more money to loose… burn it.  Ha! Just burn it.  It’s the same thing anyway.

OK. OK.  I’m stretching it too far.  At least let me leave you a good “note” that burning money is hazardous not only to health, but generally to life.  So keep your cash in the best place it should be.  If you just have too much, let it “sleep” in the bank.

Do open houses sell houses?

Saturday, March 1st, 2008

When you hear or see the words “open house” do you immediately know what it means?  Commonly, you would have the idea that a house is for sale.  Or that it is available for viewing.  Truth to tell, realtors use the term to entice interest.  It doesn’t immediately aim for a sale, but a network of who may know who, who at the end would be planning to invest or consider investing in a first, second or third home. 

When you see this sign and it interests you, check it out.  If it’s from a reputable realtor, best practices will be applied.  And you won’t feel hounded or compelled to get something you don’t want.

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