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Archive for the ‘Real Estate’ Category

Jan
24

How To Sell Property Quickly

Posted under Real Estate

With the current state of the economy, how to sell property quickly can be quite a problem. More so if the seller is in dire need of immediate cash.  With for sale signs sprouting everywhere like mushrooms, buyers are in no particular hurry to dish out their hard-earned money.  Buyers are aware that they can take their time in choosing which property to buy because the properties up for sale will not likely be sold overnight.  Since they know they have the upper hand on the negotiating table, some buyers may even drive a hard bargain, pushing the seller up against the wall.  They know that sellers in need of immediate cash will not hold out long and would sell even at very low prices.

Sellers are in a quandary as to how to sell property quickly and at a fair price, that is, fair for both the seller and buyer. Some properties stay on the market for months and desperate sellers will settle for less just to sell their property.  Estate agents may help a seller find buyers but these estate agents charge a certain percentage of the sales, which is either added to the cost of the property, or the seller shoulders the cost, thereby lowering further the amount the seller will receive.

Disposing property through a respectable and established property buyer is the better option. A property buyer buys property directly from the seller, eliminating the need for an estate agent.  The property buyer consults with the seller regarding the property, offers his valuation and both parties agree on a price. The sale is completed and the seller receives the money within a few days. Moreover, the property buyer takes care of all the fees and documents needed.  It is that easy.  Property buyers takes the stress and hassle of selling properties away from the sellers.

Posted by editor
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Jun
05

Is Real Estate Still A Sound Investment?

Posted under Real Estate

The answer to that question is: It all depends on where you are thinking of buying a house. Obviously, there are markets out there that are significantly depressed with prices in home values crashing. Other areas, like Raleigh, North Carolina, aren’t as significantly affected because they never experienced the frenzy of overinflated prices to begin with. When you want to buy a home as an investment, it pays to look at how it compares to other investment vehicles like the stock market or bonds. It also helps to understand the cost of borrowing money to finance your purchase. With mortgage rates low, it makes it much cheaper to finance the purchase of a home. You will have to put up some of your money to get those rates, though, typically 10% or more of the value of the home. The rate of return in most markets is either decreasing or a meager 3%. And, there are other things to consider when you are thinking of using a house as an investment vehicle.

Liquidity

When you buy stocks or bonds, they are highly liquidable. You can simply choose to sell and they are gone. With a house, you have to attract a buyer and you do have costs associated with selling the house, which are far higher than the cost of selling your stocks. If you are a person who loves to fix up and repair homes, then those costs can be lower. However, you still have to find a buyer to get a return on your investment. If you live in an area where the housing inventory is not too glutted with foreclosed home, you can still make some good money. However, if you live in an area with homes that are nicer than yours selling at lower prices, odds are you are stuck with the house until the market turns.

Posted by Julio
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