Real Estate Blog

How to Sell Your Home, Property, Land Fast

How to Identify Distressed Properties October 1, 2007

Filed under: Financial Difficulties — Matthew Guise @ 8:06 pm
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Distressed properties are recognized by some kind of problem. These problems generally reside with two aspects of the property i.e., either the property itself or the owner. The problem can be simple, like a high vacancy rate of an apartment complex, or something much larger like the possibility of a property going into foreclosure because the owner cannot make the mortgage payments on time. This can eventually damage a person’s credit if a property is to go into foreclosure.

How do you identify distressed properties? One way is to drive around your community looking for buildings that look vacant, run down, not fully leased, and those that display for sale by owner or FSBO signs. If a property looks like a sore thumb in a nice area, then that is a flag that there might be something wrong. You can go to the county, find out who owns these buildings and send out a letter campaign telling them you wish to purchase the property. Many deals can develop this way, and you can get great prices on properties you didn’t even know would be for sale.

Another way to find distressed properties is to call brokers on listings you find on the internet and simply ask why the owner is selling. You may have to call on quite a few properties, but eventually you will find that gold mine property being offered way below the market rate. With just a few changes that distressed property may be a money generating machine once more! You can even call on brokers to locate and bring you properties with problems that fit your targeted criteria. This strategy of finding distressed properties is a great one, as you can very quickly cut through the many listings that do not fit your criteria.

 

Debt Management Advice September 28, 2007

People got caught in debt for many reasons. Most common reasons are buying homes, marriages, financing education, vacations, etc. If you have taken out a loan for these purposes, chances are that there are a number of loan and debts that you have to service every month.

If your monthly debts installments are crossing your monthly salary then it is the time to consider the debt management advice. Borrower must get debt management advice from the experts that deal with debt management.

In the absence of any security to back the debt loan, you are faced with higher monthly expenses and unfavorable payment terms. A consolidation debt loan mortgage converts and consolidates all your existing obligations into one loan backed by mortgage having low interest outflow.

If the borrower’s debts are large and amount payable is too large then he is advised to choose for the option of debt consolidation. In debt consolidation, borrowers high rated several debts are consolidated at lower interest rate with feasible repaying option.

With the advent of internet anything can be obtained just with the click of the mouse. And a few of those provide with free online debt consolidation too. Whether one wants to search for a home or loans at affordable rates, vehicles, groceries or educational stuff, every thing can be bought while you are in the comfort of your chair. These days online approach is becoming popular for consolidation loans as approaching each lender individually is eliminated and a comparative study of the rates of interest makes it handy to make a proper choice and come down to an appropriate decision.

Debt consolidation is not good only for people who are unable to pay off all their loans but also for people who are able to pay their debts. For such people debt consolidation makes their debts more manageable and organized.

 

Tips To Avoid Repossession of Home September 26, 2007

Filed under: repossession — Matthew Guise @ 2:46 pm
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Repossession happens when all other forms of persuasion have been tired in trying to make the borrower make payments that have fallen past due to cure the loan delinquency. In most cases or jurisdictions, repossession of the collateral in which a lender has a security interest is done by obtaining a deficiency judgment or county court order authorizing the lien holder or lending institute to reclaim the property even if the actual full market value exceeds the finance arrears. Anything over the loan value then goes to wards legal fees and estate agent fees on the property resale.

If you are facing repossession and you want to stop repossession the following steps will help you great.

It makes perfect sense that a home owner who cannot meet their monthly mortgage payment for at least several months can also not afford to keep their home in a good state of repair.

Talk to your Bank or Building Society as early as possible to explore your options. Delaying this and allowing mortgage arrears to mount up makes it difficult for the lenders to offer a counseling ear and take a lenient stance. An eviction could leave you homeless so act now!

One important step in the process required to successfully stop repossession of your home is to check your credit file. Lenders will use this file as a tool to help determine whether you have enough money to pay them.

Reduce your outgoings, by economizing when shopping and cutting all luxury subscriptions. Be aware of what you are spending.

Legal issues may arise from such an act that could weigh in your favour. It is, of course, necessary to consult with a repossession solicitor to determine whether this has any bearing in your particular case.

Increase your income. This may be possible by working extra hours, taking on lodgers or applying for extra benefits.

Another important thing to do when trying to stop repossession of your home is to be honest with the lender. If you are completely broke then you should tell them.

 

Preparing Your Home To Sell August 26, 2007

Filed under: selling home — Matthew Guise @ 10:56 am
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Are you going to sell your home? If this is true that you have planned to sell your home take a close view of your home and prepare this for buyers. If you have a clean and well maintained home you will get good response from buyers and as a result you will be able to sale it at good price. The following tips will help you a lot to sell your house fast.

If your property already has light colours then touch up small marks on the walls with a tester pot. Fill in any and paint over. Eyes are immediately drawn to anything dark or bright against a light background.

Make all required repairs. Anything that’s clearly broken gives potential buyers a reason to offer you a lower price.

Your mess will show the buyer that the house is too small for you. If it’s too small for you, then it could be too small for them. So this will be wise to clear all the mess before showing house to any buyer.

Place flowers outside at the front door. Place flowers in the garden and terrace. Place flowers in the house. This will have a pleasant impression on the buyer.

Wash your curtains, carpets, etc before showing this to any one. Remove all the stains and spots completely so that it can present a nice and clean look to home buyers.

The two rooms that go through the most inspection are the bathrooms and the kitchen. These rooms must be perfectly clean. They also must look like they have lots of room.

Removing some of your furniture may help a room look bigger and packing away some of the stuff in your closets will help sell your house as one that has lots of storage space.

All the above mentioned tips will help you to sell your home fast and you will get a good amount for your home.

 

Tips to Help You Sell Your Home Fast August 20, 2007

Filed under: selling home — Matthew Guise @ 2:11 pm
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Selling a house is not an easy task for any one. This will require a good planning and marketing strategy. If you want to sell your home fast you will need a good guideline. The tips in this article will definitely help you to sell your home quickly. There are many things you can do to sell your home rapidly. Some of them are discussed below.

In today’s market that is becoming more challenging with each passing day. If you haven’t already noticed, the real estate market has changed significantly and trying to sell homes quickly has become difficult.

The housing market has changed. Not too long ago you could put a home on the market and it would sell in a reasonably quick time. This is no longer the case. Now more than ever, you must follow these steps to understand the market if you want your home to sell. You need to do your homework.

Here are tips to help you be successful when getting ready to put your home up for sale.

The number one way to make your house stand out is a painting strategy. Gladly, it is also one of the cheapest options. In this case, we are talking about the interior paint. By taking some small steps, you can make the interior of your home look outstandingly different.

Make all needed repairs. Anything that’s obviously broken gives potential buyers a reason to offer you a lower price.

Price your home based on the market: This step should not be taken lightly. In setting your price you are stating this is the maximum a buyer needs to pay for your home. Pricing too high and pricing too low are equally risky. An average home buyer will look at anywhere from 15 to 20 homes as they shop. Your home needs to compare favorably with the competing homes available. If your home does not compare favorably to the others available, you will create the wrong impression with buyers and their agents. This will cause your home to sit on the market longer than average. As your home ages on the market, buyers will begin to think there is something wrong with it.

Be an informed seller. There is a lot of information on the internet that will assist you and links to much more information. Numerous guides are available on specific subjects.

Home buyers don’t want to see the home seller’s mess. Bits of clutter and personal belongings hanging about can easily ruin someone’s impression of a home. If the home is too cluttered people will not be able to view the home properly and if they cannot view properly there is little chance that they will buy the home.

Often times you’re moving because of lack of space. If a room is packed full of furniture, start to remove it.

 

Bright and spotless bathrooms help great to sell homes. So make them clean and clear. Make sure there will be no leakage.

 

 
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