What Can I Sell My House for?

September 3, 2011 by SEOLinkVine  
Filed under Uncategorized

Putting your property on the market at a selling price that is either too high or too low can not only put the sale of the house at risk, but could cost you a significant amount of money, stress  and time  There are three main points to consider when setting the asking price for your property:

  1. The value of your Property depends on what a willing buyer will be prepared to pay for it.
  2. The selling price should not be based on what you bought it for or the amount of money you spent improving the Property during your ownership. Nor should you base it on the price you hope to achieve.
  3. Getting the asking price of your property wrong may mean that you will be unable to sell your property.

 Using a comparable is the most common method used when setting  the asking price for your property: comparing your property to others of the same type and location, for example, finding properties that are similar and noting what they have sold for recently or what price they are currently being sold for.

The three main sources of house price information to use for comparables are:

  1.   Sold Prices – The information on what houses have sold for  can be found by using the Land Registry Database or other house price websites on the internet which provide the results cost-free.- however, it is very important keep in mind that  the prices revealed in the data  are based on prices for which properties have sold for  historically and may well not represent the existing market.
  2. Similar Properties for Sale Local estate agents give you a ready resource for information and once again the estate agency websites online. However the price tag that you see, might not bear any relation to what the house eventually goes for. Furthermore, it is hard to make a dispassionate comparison, as you will invariably view your property in the best light.
  3.  Computerized Valuation Models such as Home track are automated valuation services which  provide a web-based valuation and report on any property in England, Scotland and Wales, for a set fee.  Such services generate very standardised valuations and do not take account of the more out of the ordinary property.  The valuation is provided in the form of a price range, which is often of limited use in today’s market.

Always be guided by your estate agent in addition to doing your own exploration. Estate agents  can use their own knowledge of the regional property market and their insider knowledge.   Ask a number of   estate agents so you can get an average valuation.  Be realistic  an overvalued property will be turned down by the buyers mortgage valuer  and if your buyer cannot raise a mortgage against your house, they cannot buy the property.

How do you know the price tag is incorrect? Regular review of the sale of your property is really important. Ask your estate agent about the average time period is  in which a property of your propertys kind and area  should sell. Make a note of the time frame and if your house has not yet sold within the timescale advised by your estate agent  organize a meeting with them and review the price tag. Compare your house with other properties advertised on sale on the property websites and ask yourself Which house would I choose? Seek out details of any feedback following a viewing ? if the general comment is that the property is pricey ? lower the asking price.


Decorating Ideas That Save Money

August 22, 2011 by SEOLinkVine  
Filed under Uncategorized

Most of us understand going in that decorating a home from scratch is not an inexpensive endeavor. Forgetting about your budget is easy when you get carried away with the theme that you want to create. Don’t worry too much if you don’t have a lot of money to use on your home decorating project. It is absolutely possible to create a beautiful home without spending everything in your bank account.

Here are a few hints to help you save money when you want to decorate your home.

Don’t bother with expensive art houses. Buying new art isn’t important right now. Take some time to find prints of your favorite artwork. Prints are quite a lot cheaper than original pieces. It is easier to take prints home and hang them than it is to do the same with original works of art. Most prints are created in easy to frame sizes so you won’t even need to have the work professionally framed (another budget saver)! Frame the print yourself by buying a frame from a sale rack-this saves you money on the frame and the act of putting the print inside of it. Going to the frame shop is something you can do in your own time-you don’t have to worry about working around a professional framer’s schedule and, if you buy the frame on sale, you can save quite a lot of money!

Even space that is not used can be great when left blank! Too much decoration can cause a home to feel claustrophobic even if there is very little in it. Give your decorations space!

Limit yourself to a few pieces here and there. When you choose carefully you’ll have more appreciation for the pieces you’ve chosen. Enjoying your decorating is hard to do when you’ve overdone it by filling every spare bit of a wall with decorative items. You want to leave some room open no matter what kind of decorating theme you have. Any good artist can tell you that the first thing any artist learns is to not be afraid of “white” space.

If you love to display photographs, you can find plenty of open source images through stock photo websites and community sites like Flickr. Most of the work uploaded to a site like Flickr is considered “open source” and is free to save on your hard drive and then have printed in larger scale either with your own printer or at a print shop. Filling your home with wonderful photography doesn’t have to be difficult if you know where to look for it. Why not print your own photos and use them? There’s a ton of affordable and free photo editing software that you can use to touch up your own photos so you can have them printed. You can have a lot of fun and save yourself lots of money by editing your own photos. There is no law that says home decorating has to be an expensive endeavor. You don’t have to spend a lot of time doing it. Decorating your house is supposed to be fun! You won’t be able to enjoy your home’s décor if all you can think about is how much time it cost you and how much money you spent on the project.




Five Areas to Showcase Residences

August 21, 2011 by SEOLinkVine  
Filed under Uncategorized

If you plan to promote your property, it is obvious that advertising is necessary. Hence, here are the excellent places for you to set your property on the market list.  

1.  Newspaper advertising. But the way to promote has evolved lately, carrying it out on the newspapers remains to be effective. When promoting it in a newspaper, never forget to add the photo of your property. Furthermore, you have to be detailed with your words. Chances are you may insert lots of abbreviations that can’t be understood by the audience. 

2.  Advertising in the internet. More companies are promoting on the Internet these days.  There are several options for dressing up your advert and many are free of charge.  Check out sites like Realtor.com to look at how others have promoted their homes for sale.  A few online sites let you compose online flyers absolutely free and post them elsewhere where they’re going to be spotted.  Be resourceful and add pictures that show your house in a complementary light. 

3.  Go to the television.  Localized realty firms have programs on community television that display houses for sale.  The host walks you through a few areas of the house and the landscape.  They provide details about the surrounding area (schools, stores, restaurants) and also the progress.  I have viewed these tv programs and they are well put together.  They guide you on their online site for more information on the residence being presented. 

4.  Use a direct mailing list.  We have all picked up those postcards with a picture of a property as well as the address.  This is what you should do:  As opposed to investing money purchasing a large mailing list, go with a list that works with the features of your house.  If you’re marketing a bungalow you would nothave to spend your time promoting to a family with three children.  The same is true for a seaside home.  You wouldn’t want to sell to a person who likes to go to the mountains on a holiday.  Customize your mailing list to entice a potential audience for a more successful strategy. 

5.  Front yard marketing.  We work so much to get the word out in different resources that we ignore the outright site:  our front yard.  Regardless of whether you are marketing your home through a realtor or by yourself, no one will be aware of about it when you don’t get a sign on your lawn.  On Saturdays, you can likely find plenty of people that drive through communities like your own.  They may be seeking a garage sale or for a new home.  A yard sign invites them to stop and chat with you or even write down the phone number and call for more details. 

It is always best to use numerous ways in promoting your house. By doing these, you’ll certainly be bombarded with inquiring buyers and giving you offers that are very advantageous. 

The author is a multifaceted writer. She writes articles for a variety of subjects such as marriage and relationship advices, massager (hand massager or massage cushion), family and parenting concerns, fashion and beauty tips and a lot more.

Buying And Selling A House Do Your Home Work

September 2, 2010 by admin  
Filed under Selling A House

Do Your Home Work √List has been designed to give all those in need of shelter or who work in the housing industry a better understanding of this living thing we call a Home and what can effect it. No matter how a house is built, something can and will go wrong. Whats your Perspective? This DVD and Book was developed and designed to help Home Owners, Home Sellers Home Buyers, Real Estate Real Estate Professional or Agents, Appraisers, Home Inspectors and Mortgage Lenders learn how to recognize any deficiencies in a house and correct them. This is what will help to make a house a home. This book will help you to find a deficiency but it is not a How To fix-it book. The images that you will see throughout the DVD/Video and book give examples of various defects you may encounter. You dont have to know what the problem is to see that something is wrong,

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How to Buy a House

September 2, 2010 by admin  
Filed under Buying A House

There has been a lot written about the mechanics of how to buy a house. You get prequalified for a loan, then perhaps preapproved, and then you look for a home, make an offer, have inspections done and so on. Many people can help you through the process. But what if you can’t get preapproved? What if you have little income, bad credit or other serious problems that prevent you from buying a home?

Mortgage loan requirements are being toughened up again now. Once again you might even need a down payment to get a loan. A bad credit rating no longer just means paying a higher interest rate – it can actually exclude you from obtaining a mortgage loan. But there still is hope. Let’s look at how to buy a house when it doesn’t seem quite possible.

How To Buy A House With Bad Credit

To begin with, if it is a slight credit problem, you may still be able to get a traditional loan. There are several ways to do this. The first is to correct any errors on your credit report, and challenge any entries you disagree with. You have a legal right to do this. Once changes are reflected in your credit score, you may be able to apply again and get a mortgage loan.

The other way is to go to local lenders which hold their own loans. Ask around to see which ones do this. Most lenders sell the loans they make, and so these loans have to meet the requirements of the secondary market. If they keep some loans “in house” they are not necessarily bound by rules or requirements other than those they have for themselves.

You can also buy a house with another person. Many people think that this is only for married couples, but any two people can buy a home together, and the lender will look at both credit histories to determine eligibility. It can be risky to buy a house with a friend, but sometimes it works out better for both compared to renting. If you had a down payment, for example, and he had good credit, you might help each other out, and sell the home five years later to recover your down payment and the respective shares of the equity you build.

You also can look to seller financing as a way to buy when you can’t get a loan. I have seen homes sold without credit checks and with nothing down by sellers who financed the deals. The usual motivation for them to do this is to get a higher price and /or to sell a problem property, but it still can sometimes be a good opportunity for a buyer. Even if sellers don’t offer terms, if you know they own their houses free and clear you can make offers that involve making payments to them rather than getting a loan to cash them out. Make it decent offer if you want it accepted, of course.

How To Buy A House When You Have No Money

If cash is your problem, you can start by making high offers on those houses that might be sold with zero-down seller financing, as suggested above. Teaming up and buying a home with a friend who has a down payment is another possibility. There are even a few mortgage lenders out there who are still offering zero-down loans. Check around.

One way that no one seems to like much is to save the money for a down payment. This means putting off owning a home for a while, but that may be a good thing at times. For example, in some areas in 2005 it cost $600 more per month to buy a house than to rent an apartment of similar area. Suppose you could have afforded the house, but had no down payment. You could have banked the $600 you were saving by renting each month, and three years later you would have about $23,000 for a down payment. Meanwhile home prices fell.

What if your problem isn’t just a lack of cash, but also low income? Then maybe this isn’t the right time for you to buy a house. This is especially true where the cost of buying is significantly higher than the cost of renting. On the other hand, if it will cost you about the same each month to buy as to rent, try everything above to get into a home. You’ll be better off in the long run.

You might want to consider cheaper options than the usual starter homes. My first home was a mobile home on a small lot, for example. It cost less than $20,000 and I sold it for $45,000 years later. The monthly payment? $257. That certainly beat renting, and you can see that the idea some have about mobile homes not appreciating is just plain wrong (the land is where the value is, of course).

There are other ways to buy a house when your income is low and you have no money saved. If you expect your income to rise, you might look for a lease-option deal. You rent a house with an option to buy it at a set price within a set time (often a year or two). This buys you time to save money, improve your credit, and increase your income, so you can get a loan.

Buying a small lot for now is another way. Sellers of small lots may not worry about credit ratings, and they often don’t need large down payments. They know you can’t damage a piece of land as easily as a house, so they feel secure selling it with little or nothing down and they enjoy the interest they make. Your goal here is to get your finances and credit in order as you make those payments, so you can get a mortgage loan in a couple years, and put a house on the lot.

Look at all the possibilities. There is usually a way to buy a house if you keep trying.

Copyright Steve Gillman. To see a photo of the house we bought for $17,500, get a free ebook on how to buy Cheap Homes, and a free real estate investing course, visit: http://www.HousesUnderFiftyThousand.com

Sell My House Fast For Cash – Quick House Selling Process

September 2, 2010 by admin  
Filed under Selling A House

If you are looking to sell your house fast for cash, you will find that the traditional method of selling your house through an estate agent can be a lengthy and problematic process. You would have to find a few agents to get comparisons, arrange for a valuation, paint & fix up your property, hold open days, show ‘browsers’ around, wait for an offer, negotiate a price, wait to see if the buyer can get a mortgage, wait if there is a chain involved, pay agent and lawyer fees, If sale fails – start again, all could be complete in 4 – 6 months if you’re lucky! You will also find that today’s UK housing market is not what it used to be, buyers are hard to find and most people that would like to buy are unable to get mortgages.

If you need a fast house sale for cash, then selling your house through estate agents is not the best way for you. An easier way to sell your house fast is to use property investors (cash buyers) who specialise in fast house sales. They offer to buy your house fast, no matter what condition it is in, so there would be no need to spend money painting or fixing up your property. One such company is Buy Sell Property Fast. They appreciate that everybody has different reasons for wanting a fast house sale, their services are tailored to meet your needs every step of the way.

One reason is that you may be selling your house fast to resolve your financial problems. If you are facing severe financial difficulty paying your mortgage, struggling to pay your household bills, car loans, your credit cards or other personal loans then specialist property investors can help stabilise your current financial position by quickly buying your house from you. This will help you avoid getting deeper into debt and also stop the threat of having your house repossessed.

Specialist property investors such as Buy Sell Property Fast can offer you a very fast property sale, usually within the course of a week or in extreme cases within 48 hours. This could allow you to repay and settle your outstanding mortgage and any loans that may have been secured on the property. Their legal team can confirm the sale of your property very quickly and put you back on track through financial stability.

You can also sell your house to them and then rent it back from them. It is very important to deal with this type of problem head on, don’t try to hide from it. If you take remedial action NOW, you can stop the repossession threat on your home.

Other reasons for wanting to sell your house fast include – Relocation or emigration, separation and divorce, bereavement, repossession, ill health, broken property chain or even a failed property investment.

Whatever your reason for selling, specialist property investors such as Buy Sell Property Fast can offer you a very fast property sale.

For more information on how to sell your house fast or even about quick house selling process, then visit Buy Sell Property Fast

If you’re thinking ‘I need to sell my house fast‘, then contact Buy Sell Property Fast

Buy Sell Property Fast can offer you a very fast property sale, usually within the course of a week.

To get started, call us now on Freephone 0800 043 6316.

Billy T. James – Buying a House

September 2, 2010 by admin  
Filed under Buying A House

In this skit, Billy gives us some hints and tips on how to buy a house.

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Cant Sell House – Innovative Ways to Sell Your House

September 2, 2010 by admin  
Filed under Selling A House

Do you have a house selling plan while trying to sell your house? If not, then you really should. A house selling plan places things in perspective for you when you wish to sell your house. A house selling plan includes those things that can be done to enhance the market value of your house. A house selling plan orders your steps in your endeavor to sell your house.

The most effective way to put a house that will sell double-quick on the market is to modify the house to fit what the target audience will wish. Take a look at your house before you sell it. Would you purchase it yourself? If not, then dont anticipate another individual to be raring to purchase it either. The decree that comes to mind here is “Do unto others as you would wish them to do unto you”.

Sometimes, using a realty agent to sell your house can come with a host of advantages. A realty agent may be deluged by work and may not give your house the attention it needs to facilitate a quick and successful sale. If you sell your house by yourself, you have the luxury of focusing on your house and not being distracted by further lines of work.

You may decide to have an open house sign placed in front of your house to engage in potential homebuyers. Open house is a marketing strategy that allows anyone who is interested in buying a house come in and scrutinize your house. The disadvantage of having an open house is that even people who have no intention of buying a house troop into your house.

You would not be interested in buying a house that has no heating system, would you? In the same vein, no homebuyer will wish to purchase a house that has no heating system. If your house is lacking in essentials, you should address it in order to sell it off promptly.

A house that has a floor filled with stains can depreciate in value when you try to sell it. Before you put your house up for sale, get rid of any stains that may diminish your homes price tag. The first thing you have got to do before you sell your house is to enhance its look.

Whether you are helping someone sell his house or you are selling your own house, you will need a lot of help. Marketing your house involves a lot of paperwork and proficiencies. You can get ideas about how to sell your house from other house owners who have sold their homes without stress.

House selling rules of thumb can be obtained from a diversity of sources. House or realty magazines can assist you determine how to sell your house. The net can also be a helpful source of information for the sale of your house.

How often have you heard people say can t sell my house or maybe even house won t sell.

And times are tough selling into this current tough market. Make sure you do the homework before rushing into selling your greratest financial asset.

How to Sell a House : How to Decorate a Fireplace

September 2, 2010 by admin  
Filed under Selling A House

Learn why it is important to redecorating your fireplace toget maximum value for your house in this free video clip. Expert: Frank Clarke Contact: www.oliver-and-associates.com Bio: Frank Clarke is a Real Estate Agent with Oliver and Associates in London, ON. He has lived in and around the Province of Ontario, with a brief but rewarding few years in the province of Alberta. Filmmaker: Melissa Schenk

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Is it a Good Time to Buy a House?

September 2, 2010 by admin  
Filed under Buying A House

It’s a constant question now in the real estate market: Is it a good time to buy a house? Of course it is difficult to answer in an article since you may be reading this years after it is written, when conditions have changed. But whenever you find this article, the following three crucial factors are what you’ll want to look at to answer the question for yourself.

Home Values

At the moment, the first thing most people are wondering when they ask if it’s a good time to buy a house, is whether prices have finally stopped falling. Since a home is seen as an investment of sorts, we all like the idea of buying when values are rising. I am writing this in early 2009, and no, home values not only are not rising in most areas, but they don’t seem to have stopped falling.

We just bought a home anyhow, and there are several reasons why we felt comfortable doing so. The first is that prices don’t seem to be falling much in our area (Canon City, Colorado). Apart from the various foreclosures that are dragging prices down a bit, the market here is much more stable than in other parts of the country. A stable job base and the fact that prices never rose too far too fast during the “boom times” helps.

The real estate market does not act the same everywhere in the country. So to see if a bottom is near or if prices are rising, pay close attention to what is happening where you are. On the other hand, we did not buy counting on rising prices, because that is not the only determining factor. In fact, it is possible that the problems in the country will get worse and drive prices down 10% or 15% even here. So what else made us decide that for us it was a good time to buy a house?

Interest Rates

At the moment you can get fixed rate 30-year mortgage loans at about the lowest interest rate in your lifetime (no matter how old you are). Our own rate is 4.5%. That’s not a variable or “teaser rate.” It is fixed for the thirty years of the loan.

Let’s look at why this matters so much – as long as you plan to stay in the house for a while, as we do. Suppose you pass on a house that is selling for $200,000 and waited a couple years while prices fall another 10%. But suppose that at that time interest rates were up around 7.5%. You buy the house for $180,000. The payment (assuming you have a 10% down payment and borrow $162,000) is $1,132 each month for principal and interest.

But what if you had bought at $200,000 and put 10% down? Then your payment on the $180,000 loan would have been $912. That’s right, you would be paying $220 more each month if you waited and bought at the lower price. That amounts to $77,200 more that you would pay over the thirty years if you stayed in the house that long ($79,200 more in payments, but you saved $2,000 on the down payment). This demonstrates the importance of the interest rate in determining your true cost.

Personal Situation

Is it a good time to buy a house, then? That depends not only on prices and their direction, and not just on interest rates, but on where you are financially. How secure is your income? If you lost your job, could you make the house payments for six months while you looked for another? Can you count on finding another job that will provide enough income to pay for the house? Are you going to be staying in the area long enough to justify buying (renting can often make more sense if you will be moving within a few years)? These are the more difficult questions to answer, but perhaps the most important in determining if it is a good time for YOU to buy a house.

Copyright Steve Gillman. For more on whether this is a good time to Buy a House, and for a free real estate investing course and ebook on how to buy cheap homes, visit: http://www.HousesUnderFiftyThousand.com

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