There’s been a lot of doom and gloom talk around the US real estate market lately. However, the show must go on as they say. It’s a cycle that everyone will go through at least once in their career. In the meantime, how can the real estate market survive? According to Jennifer Allan, real estate broker, author and consultant, here are tips on making sure that what you sell won’t be sitting on the list forever:
Delta Township was organized in 1842. Today, the population is over 29,000 and makes up approximately 30% of Eaton County ‘s population. The township is located just west of the city of Lansing, and is 35 square miles. Getting to Delta Township is easy with entrances to three major highways; Interstates 96, I-69, and I-496. The Capital City Airport is located just north of the Township.
This community has continued to grow and thrive with many wonderful residential neighborhoods and businesses. The growth has continued and you will find many popular restaurants and shopping centers. The Lansing Mall is located in Delta Township and is 1 of only 2 indoor shopping centers of this size in the greater Lansing area.
Most of the residents students attend Waverly Community or Grand Ledge public schools, however, depending on location some do attend Holt public or Lansing public schools. You will find that residents that are in the Waverly school district will tell you that they live in Waverly. There is no actual city or township with this name, but it is widely known as the Waverly area. The Waverly schools consists of 4-Elementary schools, 1-Intermediate school, 1-Middle school, and 1-High school. The Middle school and High school have recently gone through major renovation. There is also a large group of the Grand Ledge school district living in Delta Township.
The Real Estate market is currently in strong favor of the buyers, but is showing signs of change. You can find many wonderful homes for sale at a great price, but buyers should buy before the market is not in their favor. As of 01/2009 there are currently 137 residential homes for sale, and 25 Condominiums. You will find prices range from $9,900 up to $549,900 and everything in between.
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Acting as your own broker is a tough decision but putting into mind the savings youâ€™ll have when hiring one, roughly 5% of it. Here are some basic guides that would help you act as your own broker and basically set your real estate as FSBO or For sale by Owner.
1. The important step you must first make is pricing your property. And the best way to do it is hiring an independent appraiser.
2. When all is ok, time to Advertise. You can do it in different ways, through the net, newspaper ads, putting a â€œFor Saleâ€ sign or word of mouth.
3. Have an open house, where buyers get to see what they are getting for
4. Find a good real estate attorney to help you on the paper works
5. Check the Contract of Sale, it should have the agreed price, both partyâ€™s name, and the closing date
(image source : businessweek.com)
In each kind of business there are people who look confident, knowledgeable and who see opportunities in a given scenario that others don’t. This is also true in real estate. They seem to be very lucky in all their endeavors. They seem to have the Midas touch, everything they “touched” turned into gold. Many people believe in myths – which will help them achieve their goals or not. Like an expert on investment property said, real estate investment is like a hit and miss game. With every hit and miss is a lesson to be remembered. It takes time to learn the forces at work in real estate investment. Maybe there is an element of luck and magic in success – one that comes from readiness and industry.
by: Christine Zafra
It seems that nowadays, a lot of people are into conjugal properties and/or homes. It is true that it’s cheaper if you and your friends share a home. Taxes, repairs, mortgage sums will all be split.
But do you know that it’s much harder in the end if you do a conjugal sharing of your property? Same as with business, it’s much harder to do it with your mates. When a fight comes your way, you might have problems with your finances. Who’s going to pay the bills if two or three want to split? You, and the remaining people in the list of owners will have a hard time for sure.
You may have been working with the same real estate broker for several years. Surely you’ve both seen some good times together and he or she may actually have helped you get a little more in many deals in the past. However, it seems that the market is getting harder on you recently and strategies don’t seem to work the way they used to. Is it time to change your real estate broker?
Keep Your Broker If:
He remains patient. Brokers and the real estate market in general use terms that may be unfamiliar to you. Your broker should continue to update you with jargons and other details regarding all your transactions. Even though you may have worked together for years, a good broker continues to listen to your questions and provides the right answers.
He doesn’t delay. Your broker should get things done when or before you need them. Prequalifications, documentation, appraisals, buyer and seller conditions and estimates should all be prepared prior to the deadline. Keep your broker if he remains competent in responding to the needs of your deals. Time is very crucial especially in the fluctuating real estate market so you should ensure that your broker still grabs opportunities for you whenever possible.
He is on top of things. A good real estate broker shows you all information on all pending, open and closing deals. He is responsible in all his duties and keeps constant contact with clients, agents if you have any and the market. Your broker should be available for you at all times and has full knowledge on all payments, terms, rates and conditions of your deals. When your broker is on top of things, it means that you remain a priority.
Change Your Broker If:
He is keeping secrets. If your broker seems to be doing things his own way without informing you, it is a warning sign that he may be taking matters and making decisions on his own. Remember that your money and assets are on the line and your broker should always act as if it would be his own loss if things didn’t turn out right. Change your broker if he withholds any information from you.
He loses legitimacy. Check your real estate broker’s license annually to make sure that he is legitimate to do his job. He could be a liability to you in the future when making deals. Some brokers fail to renew their license which in turn would make all transactions under him possibly unscrupulous and void.
He can’t sell. It is your broker’s responsibility to remain competent in the market. If his old strategies and approaches no longer work and is costing you time and money, do not hesitate to tell him your concerns. Good brokers always update their knowledge and people skills in order to make your investments as profitable as possible.
http://realestatepress.org – Real Estate Press
The real estate world is a finicky place: either markets go up or down. Selling your property or real estate would be easier if you knew the basics. It’s a good thing then that you take to heart the following three tips for real estate investing:
Find an agent with the right experience. An agent whose name appears on a lot of signs on locations or property for sale will know on how to best price and sell your real estate
Make low offers correctly. A low offer to a sales agent may offend him but you need to be upfront on things or concerns about what needs to be repaired or improved in your real estate.
Look for extra opportunities. These are things like a full basement that can be converted into living space, or attic space that can be made into a bedroom or office, or an extra lot that can be split off and sold without reducing the value of the home much.
Hello, new little family. You, your partner, and baby makes three, and maybe a dog or a cat or a fish someone where makes company. You’re excited and happy to start your new lives together in a home all your own, and you want something that gets the most bang out of your buck. And who wouldn’t? You’re a smart, independent, and over-all awesome family, and you deserve a lovely home to spend happy years in.
Why not consider a bungalow? When you think about it, a bungalow is actually perfect for a small family, or even a couple who have plans of starting one. Let me count the ways this type of house is a great choice:
1) Since all the rooms are on one level, it makes for greater accessibility for babies, toddlers, grandparents, and even your pets. No more struggling with steep stairs, no more troublesome heavy-furniture-lifting onto second floors, and definitely no more fears of tripping and falling in heels and ruining that precious pre-prom photograph.
2) Bungalows are usually very affordable to purchase and to maintain. You can maximize air-conditioning and heating through the seasons, and cleaning is often a cinch!
3) Should you decide in the future to sell off your bungalow home, its structure often ensures integrity and sturdiness. Bungalows can withstand the test of time, and its resale value doesn’t usually deppreciate.