Nashville Real Estate Agents
If you are buying or selling a house in Nashville, there's a new free report called "The Secrets Real Estate Agents Don't Want You To Know."
The report is available at the following web address:
http://www.10report.com/realestate.htm
Destroy The Greatest Real Estate Myth And You’ll Come Out Better Off!
By: Noel Peebles
Weve all heard it said, The most important thing in real estate is LOCATION, LOCATION, LOCATION! For years real estate agents have been peddling that line. To that I reply, RUBBISH, RUBBISH, RUBBISH!
Weve all heard it said, The most important thing in real estate is LOCATION, LOCATION, LOCATION! For years real estate agents have been peddling that line. As many will say, its the reason why real estate does or does not sell.
To that I reply, RUBBISH, RUBBISH, RUBBISH!
Sure, location is important, but to elevate it to the status of the most important reason is in my opinion, unjustified.
In truth, there are 4 key factors that determine whether or not real estate sells. They are:
- PRICE
- CONDITION
- MARKETING
- LOCATION
Youll notice I put location last on the list. Now dont get me wrong, location is important, but to say it is the most important factor in any real estate sale is just not true! Let me explain...
Of the four, location is perhaps the least important because of one often overlooked point, which is Location cannot be changed by anyone in the real estate negotiation process. Just think about that for a moment. Location cannot be changed by anyone in the negotiation process. So, unless you can put your house on wheels, it will stay where it is, meaning you (and your potential buyer) must accept the location as a fixed negotiating point.
Now, there are possibly a few exceptions. For example, it is not uncommon to move a house on the back of a truck from one location to another. In fact, I once watched as a multi-level hotel was lifted and moved on rails from one side of a busy city street to the other. It wasnt a small building, so I couldnt believe what I was seeing!
Also, without physically moving a property, it is possible in some circumstances to have a property rezoned by the local authorities. It does depend on your laws relating to where you live. However, I have seen properties triple in value when they were rezoned from rural to commercial. But, as I say, the laws are different from country to country.
Anyway, unless you can alter the location or status of the location, you must generally accept the location as being fixed. Which brings us to the other three points price, condition and marketing. All three are variables that you can control. Here's what I mean:
1. You can raise the condition of your property to meet your asking price. Or...
2. You can lower your price to meet the condition of your property. And then...
3. You can run a powerful marketing campaign that makes your property stand out from every other property in town.
Do you see what I mean? You can change the price, change the condition and change the marketing... but the location of your property remains static.
So, to say that LOCATION, LOCATION, LOCATION is the number one reason why a property does or does not sell is just a real estate myth. The truth is; price, condition and marketing rate as more important factors in the real estate negotiating process.
Noel Peebles, Market Leaders ebooks.
Noel Peebles is author of the best-selling ebook "Home Selling Secrets Revealed." For details http://www.forsalebyownerguide.com
NOTE: The following information must be included if you reprint this article:
*********************************************
Ex Real Estate Agent reveals the quick and easy secrets to selling your own home without an agent and avoid paying $5,971$8,329$12,963 or more in real estate commissions! http://www.forsalebyownerguide.com
*********************************************
About the Author
Noel Peebles has a wealth of experience including brand marketing with a major advertising agency, and as Director and Strategy Advisor with an internationally aligned marketing communications company. His skills include television and radio production, news-media and catalogue advertising, direct response marketing, research, media negotiation, sponsorship development, and public relations and franchise marketing consultancy.
Brought to you by http://www.commercialrealestateinsider.com/sitemap.htm
Edina Minnesota's 20/20 Vision
Edina has always been a community that has recognized the importance of the past while preparing itself for the future. From its incorporation in 1888 as a milling area on the banks of Minnehaha Creek, Edina has evolved to be a model among municipalities in the Twin Cities metropolitan area.
In 1998, the Edina City Council began a very exciting project. With the assistance of Hoisington Koegler Group and Ehlers & Associations, the City began assembling "Edina's Vision 20/20," a long-range plan that will guide the City in its continued evolution. The project is now complete.
Edina's Vision 20/20 is both a long-term vision for the City as well as a short-term strategic plan of three to five years. From a visioning perspective, it examines where the community has been, where it wants to go and how it will get there. From a strategic planning perspective, it examines the challenges and opportunities that have been identified as having the highest priority within the community.
The final report of the plan listed nine objectives, or goals. What is important to note is that those objectives were formed based on public participation. The goals came from the concerns of residents.
In the spring of 2003, the City Council revisited the plan and made note of accomplishments to date. In addition, the plan was rewritten to include new and revised objectives.
Put simply, Edina's Vision 20/20 was written to improve the quality of life here.
While the edge of urbanization has long since passed through Edina, the City is expected to continue its pattern of sustained growth into the next century. In addition to growth-related transportation challenges, Edina will need to address issues related to: accommodating infill and redevelopment opportunities, problems associated with through-traffic and addressing the transportation needs of those needing or choosing other transportation modes.
For more information go to http://www.commercialrealestateinsider.com/Edina/edina-reality.html
Top Ten Most Searched States for Online Homes Listings
By: Laura Martin
December 10, 2003
Virginia Beach, Va. New York and California are the most-searched states for real estate listings on HarmonHomes.com, a leading real estate classifieds Web site for homebuyers.
Recent data show the top ten most-searched states on HarmonHomes.com are (in this order) New York, California, Ohio, Florida, Pennsylvania, New Jersey, Illinois, Texas, Virginia and Georgia.
While HarmonHomes.com features a national listings database, this information corresponds with markets that are historic strongholds for Harmon Homes magazines. Harmon Homes has 13 publications in New York, 11 in California and 21 in Ohio. HarmonHomes.com and Harmon Homes are both divisions of Trader Publishing Company.
We are very pleased that search activity on HarmonHomes.com is increasing, said Rick Murchake, general manager of HarmonHomes.com. This shows that more and more homebuyers are using the Internet as a key resource when searching for a home.
In fact, according to the 2003 National Association of REALTORS Profile of Home Buyers and Sellers, 65 percent of homebuyers use the Internet in their home search. Thats more than other information sources such as newspaper advertising at 49 percent, open houses at 48 percent, and home books or magazines at 35 percent.
Headquartered in Virginia Beach, Va., HarmonHomes.com is a leading provider of online real estate classified ads. As a division of Trader Publishing Company and part of Traders family of over 20 Web sites, HarmonHomes.com provides a comprehensive homes-for-sale database for homebuyers while serving as a convenient and effective advertising forum for real estate professionals. For more information about HarmonHomes.com, call toll-free 888-632-6111 or visit www.HarmonHomes.com.
###
Laura Martin
Marketing Coordinator
(757) 321-8471
(757) 321-8355 (fax)
laura.martin@harmonhomes.com
Brought to you by http://www.commercialrealestateinsider.com
Is it time to stop filling your Landlord’s Wallet?
By: Josh Dorkin
As a renter, you are subject to the whims of your landlord. They work at their own pace, and improve their property as they see fit. You have no control over the property that you reside in. Do your floors need to be resurfaced or your carpets replaced? Sit around and wait for your landlord to do it. Do your walls need to be repainted? Ask the landlord.
It sometimes feels like youre living at home with mom and dad again, doesnt it?
So, its just easier to keep paying rent, right? Dont forget . . . the landlord can raise rent on you over time.
You can afford your own home!
Unfortunately, most people fear that qualifying for a loan will never happen. This is not true. Competition between lenders has increased drastically, causing them to come up with more and more products. There is likely a product out there to help you afford your own home! You just have to do some work and find the right information.
While owning your own home may take some work, it is certainly worth it
* You can deduct the cost of your mortgage interest from your taxes
* Closing costs involved with the purchase of your home, and property taxes are often deductible
* Historically, real estate prices have been cyclical, but over the long term, prices have generally risen.
Think about it . . . if you pay $600 a month, your landlord ends the year with $7,200 of income from you alone. After five years, thats $36,000 that youve paid out (odds are your rent would have gone up over that period, so the amount youve paid out is likely much higher.) From this money, your landlord is not only getting income, but also getting tax deductions, business write-offs, and capital appreciation. Youre busy making him rich! Dont get me wrong, you did have a place to sleep at night . . .
Okay, so I definitely have an opinion here. Do whatever you can to get out there and find a home to buy! You and your wallet will thank me.
Remember: Make sure you do not stretch yourself too thin with your payments. Buy only what you can afford. Be sure to consult with an attorney or accountant to protect yourself.
Learn more about investing in real estate at BiggerPockets.com Real Estate Investing Community - http://www.biggerpockets.com. Discuss any real estate issues at our investing forums - http://biggerpockets.com/ipw-web/bulletin/bb/.
This Article may be be reprinted in its entirety, but reprints must contain the included weblinks.
Brought to you by http://www.commercialrealestateinsider.com/sitemap.htm
Working With Your Real Estate Attorney
By: W. Troy Swezey
Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate transaction will be handled legally and professionally.
Although an attorney is not a required part of the process, particularly in many states where escrow companies will attend to all closing transaction details, an attorney can protect your interests and help you resolve any potential legal problems before entering a legally binding contract.
Sometimes buyers feel the need to sign a contract quickly and dont have time to initially consult an attorney. In these cases, buyers can include language in the contract that will allow their attorney time to give final approval on the agreement usually within three to five business days. This allows both buyers and sellers to expedite the contract process without fear of inadequate legal representation.
For the rest of the article go to: http://www.commercialrealestateinsider.com/Articles/Working-With-Real-Estate-Attorney.htm
Brought to you by: http://www.commercialrealestateinsider.com/sitemap.htm
How To Buy Property With No Money Down
By: Daniel Cobb
Learn how to buy real estate with no money down.
Buying property without putting any money down is really not as difficult or as complicated as it may seem once a person understands how and why the process works. Along with everything else in a real estate contract, the amount of the down payment (amount may not be negotiable if paying with certain types of loans) and who pays it is negotiable. The primary key to buying real estate with no money down is getting the seller to pay or give credit at closing for the buyer's down payment.
In order to find a seller that is willing to pay a buyer's down payment certain types of property or property sellers must be targeted. First, the buyer must look for property that has been on the market for a long period of time or property that is being advertised as a must sell. Secondly, the buyer must find property where the seller advertises him/herself as a motivated seller or the asking price of the property has consistently went down (or back and forth) several times.
One might justifiably ask: why would a seller want to pay a buyer's down payment? Let's examine Table A to find the answer.
For the rest of the article visit: http://www.commercialrealestateinsider.com/Articles/Buy-Property-With-No-Money-Down.htm
Comparing The True Cost Of Obtaining A Home Loan
By: W. Troy Swezey
Home buyers are often confused about where to begin in their search for a home loan. The process is usually narrowed down to finding which institutions provide the lowest settlement costs, but the different types of lending institutions and the variety of lending programs available can make the search a slow, difficult experience.
Real estate settlement costs are fees buyers normally pay when purchasing a home such as legal services property insurance, mortgage loan financing and title services. In the past, consumers would have to call each lender, request an estimate of their settlement costs and compare all of the results to find which lender offered the lowest total settlement costs.
The Department of Housing and Urban Development, however, recently revised the Real Estate Settlement Procedures Act (RESPA) which now makes it easier for consumers to estimate various settlement costs through computer loan origination programs. In this manner, consumers can access a computer listing of various programs offered by lending institutions.
The computer search speeds the process of reviewing various programs and allows participants to arrange financing with the listed lender. Buyers using a computer loan origination program may be required to pay a fee for this service, but many buyers feel the convenience outweighs the cost. Still, the new RESPA changes require a real estate broker with a computer loan origination program to inform the buyer that the service is only an option and that non-listed lenders may offer lower rates or fees.
The new Federal Regulations also permit real estate brokers to offer more comprehensive services to home buyers by allowing brokers to enter into controlled business arrangements with other companies associated with the home buying process. Real estate brokers were always allowed to refer buyers to lending institutions, title companies and escrow companies, but they were not permitted to accept compensation from those institutions for giving a referral. The RESPA changes now allow real estate brokers to enter into partnerships or actually open their own mortgage service institutions. This allows brokers to provide virtual one-stop shopping by handling the entire settlement process.
RESPA changes were made to help home buyers learn about and obtain mortgage services more conveniently. Since RESPA helps consumers to understand the process of home ownership, the regulations may encourage more potential buyers and further stimulate the real estate market.
About the Author
W. Troy Swezey is the author of COMPARING THE TRUE COST OF OBTAINING A HOME LOAN." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, REAL ESTATE SECRETS EXPOSED. http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
Brought to you by http://www.commercialrealestateinsider.com
