Reasons Why You Should Buy Real Estate in December


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December and New Year’s Day give you the perfect occasion to buy real estate. Not only can you pick up a bargain property from a motivated seller, you can save on your purchase expenses.

1. Home shoppers put off looking for a home because of holiday decorating, shopping, and parties. Plus, the cold weather makes home buyers prefer to stay home; they wait for warm weather to buy real estate. Get the edge with little competition from other buyers.

2. Home sellers who didn’t sell during the recent buying frenzy are worried that their home will not sell. Any seller offering their home for sale during the holiday season is motivated.

3. Real estate agents need to keep their momentum going and can’t afford to take too much time off. When the agents aren’t as busy, you get better service. Plus, they’re more likely to take low offers seriously. Agents love investors ready to buy real estate during December.

4. Interest rates continue to creep up. Who knows what the rates will rise to next year?

Clear some time from your busy holiday schedule and go find a bargain house. Make many offers. You won’t get this break for another year.

Pavarotti Estate Divided

3.jpgThe estate of the late tenor Luciano Pavarotti was divided among his second wife and his four daughters. During his yearlong pancreatic cancer battle, the singer signed half of his assets to his second wife and the half among his daughters in accordance with Italian law. There were reports that his three daughters from his previous marriage were fighting for control of his estate and other holdings in the United States, which was entrusted to Mantovani.

According to Pavarotti’s manager however, there is no truth to the rumors that there was in house squabbling for wealth supposedly hidden from his children out of his first marriage. The last will and testament of the late singer was made public out of the request of his second wife to clear the issue that the singer indeed left half of his estate to his second wife.

The Right Property

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Investors need to be very careful on finding the property. Proper question like, “what if I buy this house can I sell it quickly after fixing?” should be in the investors mind. If the property sits in the market for three to four months it may be hard for investors. The money is not moving. No income at all.

As far as property is concern, today focus was on building condominiums. Conversion of land and old assets into condominiums is everywhere. It may be a good opportunity for investors to buy from there. Everybody is wants to go downtown nowadays.

Will Real Estate Fall in 2008?

3.jpgOne of the biggest questions looming in the minds of homeowners and commercial real estate investors for the year is whether the real estate industry will be able to make up for what it lost last year or will things get worse? Residential real estates experienced one of the most painful fall last year in decades. Default on loans, falling house prices, dropping home ownership, soaring foreclosures with the housing market emerging as the economys soft underbelly characterized the industry last year.

Commercial real estate started 2007 on a bright note until it went the other way around with tightening of credit and values of commercial properties going down for the first time in several years. Commercial real estate includes properties in the market like apartment buildings, offices and shopping centers.

Tips in taking care of your property

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Here are guide to avoid your client in disappointment.

1. Do landscaping. Make sure the trees and bushes are well-groomed

2.Wax the Floors and clean the carpet. Take care of the floor especially if it’s wooden floors. Wax it if necessary. Change carpet to replace broken carpet. But if changing carpet is expensive try to put vinyl floor tiles instead.

3. Update kitchens and bathrooms. Replace the kitchenware if necessary. Including broken appliances

4. Rearrange. Arrange your home in way that it is attractive to the buyers. Hiring a interior designer will be a big help.

5. Price the House. Price the property reasonable enough so it won’t take too long in the market.

Online Selling a Replacement for Agents

2.jpgThere are reports that house sellers are looking at the Internet as an alternative way of disposing of their property instead of tapping the services of estate agents. This is despite the greater industry regulation being introduced, which can be interpreted as a lessening in the confidence of sellers with estate agents. Most of the reasons being given for the behavior are that sellers are not very satisfied or happy with transactions conducted with estate agents and only ten percent of respondents say they have complete trust in estate agents.

The use of the Internet for selling and locating property is a trend that is seen to continue and grow in popularity with more people becoming more familiar with the online technology. The issue of commission and more online possibilities also come into play when choosing between an estate agent and the Internet is made.

Experts Say Signs are Good

recoveryBut can these forecasts be trusted? That remains to be seen for sales of new homes are still dropping yet there are signs that they are doing better than expected. Major cities are facing mass abandonment as people get kicked out of homes and so does businesses who fail to cope and adapt fast to the changing economic climate. Industry analysts are saying that the market is stabilizing for more or less a level rate that can signal a comeback of the struggling housing market. Read the rest of this entry »

Finding the right Deal

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Locating a deal wasn’t easy. It takes time. It takes of effort from the real estate investor. Everywhere there are properties for sale. But in today’s technology tools and websites helps the investor and make their hunt easier.  Most sellers look into web site to lead them into for sale items.Same goes with the investors some websites generates helpful information in determining the best deal.In this way, analysis of the property will be easy. Investor can look for different properties as many as he wants. It eliminates the hassle of going into the site property then in the end of the day it wasn’t a good deal.

Property Brothers

 

Jonathan and Drew Scott are not just good looking and wealthy brothers, they are also the genius behind the HGTV show Property Brothers. The twins started building their dream when they were in highschool. They bought a $200,000 home with just a $250 down payment. They made some renovations and changes to the home and managed to sell it for $250,ooo. This was a long time ago. Now they have a multi-million dollar empire. Drew is in charge of purchasing real estates while Scott transforms the homes into what potential clients would like to buy. For several years, they studied real estate and became licensed. Soon after, the two became business partners and were accepting big projects left and right. It was only a matter of time that TV and entertainment came knocking. Now, with a group of 30 people, they buy and renovate homes and feature it on TV. Their show has about 2 million viewers every week!

 

Lies that real estate agents master

post-3.JPGIf you are planning to buy a property and you are new to acquiring real estate properties, you should know these top lies your real estate agent will tell you. And if ever you hear these lies or usual advices from your agent, may that agent be a professional one or even your bestfriend, you should not just walk away – you run really fast.

So here are 8.5 lies about the real estate that you should always be aware of:

1. Your home costs $450,000. I can sell it for $615,000.
2. You don’t need to shop for mortgage lender and settlement company. You’re required to utilize ours.
*to be continued

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