Archive for October, 2010
Temecula Homes For Sale
Temecula Homes for Sale and CA Homes for Sale What is the Truth About Today’s Real Estate Market! Get the Inside Scoop!
SHOULD I BUY A HOME NOW? I just saw my dream home looking through Murrieta Homes for Sale but is this the right time to venture into real estate?
My forecast for Bear Creek Murrieta and surrounding areas is strong and stable. And why can I say this? Because I am having my best year ever in real estate. In the past six months I have helped more homeowners buy homes than I did two years ago when the market was at its peak.
Here is an undeniable fact. The market is never going to be perfect for buyers and sellers at the same time. But the good news is that now is a great time for buyers.
When you look at listings in Temecula homes for sale as well as surrounding areas you will find that sellers are willing to negotiate lower prices and are also willing to pay some if not all of your closing costs. Some sellers are also willing to carry some paper which may give you more attractive financing terms.
THREE THINGS MAY HAPPEN IF YOU WAIT:
Let’s say for an example you’ve been looking at Temecula Horse Properties wondering if you will ever be able to afford one of those gorgeous properties? You say to yourself “I’ll just keep waiting and the prices will continue to go down.” If you wait three things may happen:
1. Sellers are going to become frustrated and start thinking of alternative ideas instead of selling. This is already starting to happen. Right now there is a large selection to choose from because there is a large inventory. You have a much better chance today of finding a home that suits your wants and needs whether it be in the Temecula Homes for sale or surrounding areas.
2. As homes become less available and the inventory starts to dry up your choice of CA homes for sale will get slimmer and slimmer and you lose negotiating power.
3. The market may not drop as much as some people might want you to think or interest rates could go up. Real Estate may already be stable and now is the time to buy.
I AM SEEING A LOT OF FORECLOSURES WHEN LOOKING THROUGH CA HOMES FOR SALE. MAYBE I’LL WAIT AND BUY A BANK OWNED PROPERTY BECAUSE AT LEAST I KNOW I’M GETTING A GOOD DEAL.
WRONG!! Community Lending and Real Estate deals directly with the Banks and Large Investors with their foreclosures and they are not giving away any homes for sale in Bear Creek Murrieta or surrounding areas. In many cases homes are selling for as much as any other home on the market. If you do find one that is discounted 2030 or even 50000 dollars or more you can bet the bank has already determined that there is at least that much needed in repairs.
So if you are looking for Temecula homes for sale La Cresta homes for sale or homes in the surrounding areas realize that the economy is strong and interest rates are low. Now is the perfect time to purchase that dream home you’ve always wanted.
I invite you to contact me with any questions that you may have at http://www.scottpartridge.com or call 9517572148.
About the writer: Eric Bramlett is the Broker and coowner of One Source Realty in Austin Texas. Visit Erics Austin Real Estate Guide visit his Austin Texas Real Estate website his Austin Apartment Locator website. He has seen considerable success in real estate and looks forward to many more years in the business.
Some Renovations May Not Be Worth Their Cost In Selling
When selling a home many home owners think about doing some renovations of improvements to increase their asking price and thereby increasing their bottom line selling price. While some renovations are excellent choices for this there are some that may not bring in the kind of money sellers expect. In thinking about this kind of renovation there should be a few distinctions made as to improvements that will increase the asking price and improvements that will justify the base price.
If your home is in need of repairs and renovations then the necessary things should be done to make the home a livable and comfortable property. These are the kind of renovations that should not be expected to raise the price of a home by much. Rather these fixes will make the home itself more attractive and competitive in your local market. In order to be competitive homes need to be in good repair clean and tidy with all appliances and fixtures operating properly. The interior systems of the home should also function as they should. replacing a broken heating system should not be seen as a cash generating upgrade. It is a necessary upgrade to make the home complete.
Now if you want to completely renovate the kitchen for instance; that is a great way to increase a home’s asking price. Newly designed and decorated rooms are a great selling point and something that brings buyers into a home. Other facility upgrades such as new appliances a hot tub or jetted tub can make a home a much more desirable property very easily as buyers also love little extras and the fact that care has been taken of the home. In fact the feeling that a home has been well taken care of is one of the most important things that a buyer can feel in regards to any home. A feeling that a home has been neglected can lead buyers down the road to wondering what else about the property may have been neglected. A home that is obviously well cared for will always sell quicker.
About the writer: Steve Proski is a realtor who specializes in the purchase and sale of Scottsdale real estate For all your real estate needs in Scottsdale contact Steve or visit us on the web at http://www.azhomes4u.com
Sixty Days To Your First Bargain Purchase
Finding good real estate deals is an art that takes time to master. Like any business customers are what drive it. Your primary customer is the seller who is motivated to sell below market value. Finding motivated sellers requires advertising marketing salesmanship and like any business keeping your nose to the ground.
Nothing happens and nothing matters in real estate until you find a deal. You cannot put together a deal without a motivated seller and you can only convince a motivated seller to do something creative or that involves a discounted price. A motivated seller is one with a very good and pressing reason to sell below market.
The most common problem new investors face is finding bargain properties. Many who start out in real estate investing quit without ever buying their first property. They go through the motions of looking for deals for a few weeks or months and then decide it doesnt work. They forget that finding motivated sellers is similar to the salesman finding his first customer… it takes persistence and hard work.
Find the Motivated Seller
At the cost of sounding redundant the concept is simple: find motivated sellers that are willing to sell their properties at a discounted price or soft terms. Currently the real estate market in some parts of the country is hot hot hot! Many people are complaining that the strength of the market precludes investors from finding deals on properties. The popular misconception is that in a rising market even the most motivated seller can find a buyer for his property at full market price.
The truth is you can find deals in ANY market. Real estate legend A.D. Kessler once said There are no problem properties just problem ownerships. The definition of a motivated seller fits squarely within Kesslers idea. A logical person knows that time money and effort can solve virtually any real estate problem. However some people are too emotional about their real estate problems or have other motivating issues to deal with.
Some of these issues include:
* Divorce
* Lack of concern
* Inexperience with real estate repairs
* Time constraints
* Death of a loved one
* Job transfer
* Landlording headaches
* Impending foreclosure other financial problem.
Farming Neighborhoods
Successful real estate agents utilize a technique called farming to increase their business activity. They pick a neighborhood or two and focus their marketing efforts within that area. You should try the same technique. Start with a neighborhood that is relatively convenient for you.
1. Drive the Area
Spend a few weekends driving around the area. The goal for you at first is to learn about the area the style of houses and the average prices. Over time you may expand your farm area but stick with areas that contain the type of homes you plan to purchase. It is not necessary to begin your investment career by learning every square mile of a large metropolitan area; it is important to learn the value of typical homes in your target areas. This knowledge will enable you to make quick decisions about whether a particular prospect is a bargain.
2. Attend Open Houses
Visit open houses and for sale by owner FSBO properties on weekends. Speak directly with owners and their agents. Pass out your business cards. Make friends. Word of mouth and referrals are a big part of any business.
Part of the process of finding a deal is to know how to recognize one.Take a good look at the property and its physical features. After viewing a couple of dozen open houses in the neighborhood you will get to know the value of the properties and the different styles of houses. When someone calls you about a house in that area you will know the value by its description.
3. Look for Ugly Vacant Propertiees
While you are driving around neighborhoods look for vacant ugly houses.How can you tell if a house is vacant? Look in the window! Of course this practice may get you shot bitten by a dog or arrested. First look for the obvious signs of vacancy overgrown grass no window shades boarded windows newspapers garbage mail piled up etc. If you are not certain whether the property is vacant knock on the door. If the owner answers be polite respectful and ask if he is interested in selling. In many cases it may be a rental property so ask the occupants for the name and telephone number of the owner.
If the property is vacant ask the neighbors if they know the owner. Most neighbors are helpful as they know ugly houses hurt their own property values. In addition ask the mailman they know all of the empty houses on the block. Leave a business card and write down the address of the ugly or vacant properties. When you get home look up the name and address of the owner. Finding the owner of a vacant house can be difficult which is why the persistent people who find the information make the most money. The name of the owner can be found by calling your local tax assessors office or by looking up the deed recorded with the County land records.
If you want to contact the owner it takes a little more digging. Try speaking with the neighbors or asking the post office for a copy of a changeofaddress form on file for the property. Online services such as www.infousa.com will search public databases such as the Drivers License Bureau and the Department of Motor Vehicles.
Some cities towns and counties will tag a house with code violations. This is often a sign of a neglected or vacant property. Ask your city if you can obtain a list of such properties or find where this information is publicly recorded.
Click Here for more info for Sixty Days to Your First Bargain Purchase
About the writer: Written exclusively for Legalwiz.com by Attorney William Bronchick Certified Registered Nationallyknown attorney Author Entrepreneur and Speaker.
