Operation Security: Safeguarding Your Home During An Open House

While an open house is a great way to actually meet the perfect buyer for your property, it is also a great opportunity for people with bad motives to do their rude moves. More than allowing your house to actually accommodate good buyers, you might also be accommodating bad people. So how are you are exactly going to do the open house while securing your home? Here are some tips.

Keep away important documents containing pertinent information such as Social Security numbers and bank accounts. These digits of numbers can actually be the key towards committing crimes using your identity.

Remove jewelries, antiques, and other items of high values. These are eye candies and can easily attract robbers and thieves. Electronic gadgets like tablets, laptops, and smartphones should also be secured. Your personal and some confidential information can be leaked once these gadgets are taken away from your possession.

Photos of family members are advised to be hidden. You don’t know how criminal minds think. Your family members, even with just their photos can be easy targets of crimes, especially children.

Never leave keys of your house, car, or rooms – even if they are just duplicates. These things are small and can be easily grabbed. When possessed by bad persons, these keys can be used to enter your property.

Never hide anything of value in your rooms and other likely places. Rooms within your house especially those that are locked up during the open house can imply that there are valuable things in there. Though they are locked up, it is still advised never to leave things of high value in those rooms. Some curious and naughty persons might be unnoticed sneaking in those rooms to peep on those things and plan something bad afterwards.

Have a logbook of guests joining the open house. This is a helpful record to see who came to visit the house. Make sure that the arrival and departure times are recorded too.

Take photos or videos of the rooms and other parts of the house before the open house in its staged state. After the open house, review the photos or videos to see if there are some alterations on how things are placed and ordered.

Remember that an open house should be an opportunity to meet buyers, or even meet new connections and friends. It should not be an opportunity or an invitation to persons with bad intentions. However, we won’t know bad people until they have done wrong. So better stay safe and secured than be sorry later on!

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Desare A Kohn-Laski

How to Sell Tupperware and AVON Together Locally

There is big talk these days about diversifying and not putting all of your income eggs into one basket. If you are in direct sales or a home party plan company, this applies to you too. You need to make sure that you have multiple ways to monetize your current customers.

This can sometimes mean selling products from more than one company. Two of the best companies to do this with are Tupperware and AVON.

Both companies have universal appeal. Both are household names, and both have been serving customers for decades. Chances are, your mother and grandmother has purchased products from both Tupperware and AVON.

The customer base is about the same too. AVON has new catalogs and campaigns every two weeks; Tupperware has new brochures almost every month.

The products do not compete, but complement one another. Your customers will appreciate the strength and variety of the products you offer.

So how do you sell both Tupperware and AVON together locally, in your offline business market? It’s actually a lot easier than you would think.

The best way to notify new customers that you are selling both AVON and Tupperware is to prepare door hangers to hang on various doors throughout your neighborhood, or a new neighborhood close to your home. Purchase these door hangers from AVON, as Tupperware’s are more expensive.

In the door hanger, place your current AVON campaign, and a monthly flier from Tupperware, and a business card saying “Contact me for a FREE gift!”. Your free gift can be an AVON sample or a Tupperware Citrus Peeler.

Place one of these door hangers on every door in the neighborhood. No need to knock on the doors if that makes you uncomfortable, but be sure and introduce yourself to anyone you see outside.

Keep in mind that your first attempt at attracting a new neighborhood will probably be unsuccessful. Customers generally need to see an offer between 3 and 7 times before they take action.

So what do you do? You repeat this method for no less than the next two campaigns. If you can afford it, do three or four more campaigns in the exact same neighborhood.

The easiest way to do this is to buy catalogs by the 100. Spend one to two months on any given neighborhood, collect your new customers, and move onto the next neighborhood. You should pick up 5-10 new customers from each campaign.

Since AVON catalogs come out every two weeks, and Tupperware brochures every month, include only one Tupperware brochure per month. This will save you a little money.

In a matter of months, you will have dozens of new customers and will have built up both businesses. Your AVON customers will order from you on average once per month, and your Tupperware customers once every two to three months.

Keep in mind that your customers may also be enticed to date a Tupperware party. Because you have built a relationship with them over the months, when they decide they are ready to have a party, it will be you they come to.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Rayven Perkins

Things To Look Out For When Selling Your Gold

The best thing about gold is that it never really loses its value. After buying that expensive set of gold earrings, you can get the same value for the gold years later when you no longer need the earrings. The same goes for other jewelry pieces and items that you have and no longer need. There are plenty of gold buyers today who will accept the items you have the size and condition notwithstanding. However, even when you are sure that you want to sell what you have, there are a few things that you should pay attention to to get true value for your gold.

What items does the buyer accept?

Most buyers will of course accept any gold item you have but there is still a great need to confirm what items pass for the process. This is important because even though a buyer might accept your expensive gold watch, there could be a brand limit because the buyer might have a policy to accept only given watch brands and not all brands. The buyers accept anything from coins and bars and jewelry but can also accept other gold forms. Find out what other items can be accepted if you have gold scraps lying around and you have no more use for. You might be surprised at just how much you could end up making with the items that you have around your home. Apart from gold, find out what other precious metals your buyer can accept.

How is the selling process?

Sometimes you could be hard pressed for quick cash and the selling process can be of importance. Luckily, you can find buyers offering very swift process where you only need to present your items for an appraisal and you can get price quotes within a short period of time. When choosing a buyer, remember to check what mode of payment he offers. If you really need fast money then cash payments might work best for you. A good buyer should offer a transparent selling process and should not tie you down to a contract. It is best you choose buyers who can offer quotes without requiring commitment from your side so that you have the freedom to compare to get the best prices for your gold items.

What other services can you enjoy?

Apart from selling your gold, you might be faced by a need to pawn your items. This means getting a loan over the items you have and you can get your gold back as soon as you are done repaying. You could also only need gold jewelry cleaning or jewelry consignment services. Luckily most buyers offer much more than just precious metal buying and can offer you the rest of the services that you need. You can choose such buyers to take care of all your needs even in the future because you can never tell what you might need for your gold items or jewelry.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Jovia D’Souza

Selling Gold Tips – Do You Need the Best Selling Gold Tips?

When you have considered getting rid of your gold items, it is important to learn about selling gold tips. The reason that selling gold tips are important is because they will inform you about the right way to sell your items for the most money.

Selling Gold Tips

The price of gold has been steadily increasing and has even set a new record, which has many people searching for the best selling gold tips. These include finding the current price, locating the best buyers, and knowing how their items are valued.

To locate the current price you can use a major search engine to find companies that buy and sell commodities, such as gold. These companies will clearly display the market rate on their website and which will commonly be updated every minute or so to reflect any changes in the price. Knowing the current price of gold is important so that you know you are getting the best price for your items from the gold buyer that you select.

Pure 24kt Gold

When buyers price your items, they take into consideration the total weight of the items and the quality they contain. There are four qualities of gold that are typically used when making jewelry and they are 10k, 14k, 18k, and 24k. The purest form is stamped 24k and items that are marked as such, will bring the most money from the buyer.

To locate the best buyers, you can simply perform a search on the Internet. The search results will include companies such as online buyers, pawn shops and jewelry stores. Online buyers are the best companies to sell your items to as they offer the highest price for your items and the fastest service.

The increased price of gold has created an opportunity for buyers and sellers to capitalize on these high prices. By having access to the best selling gold tips, you can be assured that you will receive the best price for your items.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Frank Alexander

The Pros and Cons for Homeowners Considering a HAFA Short Sale

Short sales are confusing enough, but let’s throw a new program into the mix. It’s called HAFA. Now to not confuse you even further, I’m going to talk about the good old regular HAFA program and not the Freddie Mac/Fannie Mae HAFA short sale program.

Homeowners need to be aware of the pros and cons of the HAFA program. I received two calls this week from agents who were furious when their short sales were approved the lenders “kept the right to pursue the deficiency” and gave no relocation assistance.

Here’s why:

SECOND lenders do not have to participate in the HAFA program so even though it’s Chase or Wells or whoever the second lender is and they independently participate in the HAFA program as a second lender on the property they do not have to comply with the HAFA program. The agent’s going into these short sales didn’t realize that. Not only were the agent’s furious about the homeowners, the lenders in both cases CUT the commission to get an approval. Imagine that? A short sale lender cutting an agent’s commission? Well THERE’S something you don’t see every day right? WRONG!!

So let’s go over the basics for the HAFA program.


If you only have ONE mortgage and that mortgage company is a participant and approves your short sale there are some PROS:

1) You will be released of the deficiency (the difference in the accepted offer to what you owe- for example you owe $225,000 and someone offers $175,000 you will be released of that $50,000 deficient amount. The lender will not go after you)-This doesn’t mean you won’t have tax liabilities.

2) You can get up to $3000 in moving expenses.

3) The lender will need to respond in 10 days to the buyer’s offer-THIS DOES NOT MEAN you will GET AN APPROVAL in 10 days. They just need to respond and a response is, “Hey we’ve received it and we’re looking at it”

Those are VERY strong reasons to attempt a HAFA short sale if you QUALIFY! So let’s see if you actually qualify….

These are some of the qualifiers for HAFA:

1.Property must be the homeowner’s primary residence.- No investment or second homes will be considered. “The property is the borrower’s principal residence, except that the property can be vacant up to 90 days prior to the date of the Short Sale Agreement (SSA), Alternative Request for Approval of Short Sale (Alternative (RASS) or DIL Agreement if the borrower provides documentation that the borrower was required to relocate at least 100 miles from the property to accept new employment or was transferred by the current employer and there is no evidence indicating that the borrower has purchased a one- to four-unit property 90 days prior to the date of the SSA, Alternative RASS or DIL Agreement.” [From the Supplemental Directive]

2.The first mortgage must have originated before 2009.

3.Mortgage payments must be delinquent OR default is reasonably foreseeable.

4.Unpaid balance is not more than $729,750.

5.If a homeowner hasn’t applied to HAMP the servicer will require a completed Request for Modification and Affidavit along with verifiable financial hardship evidence that the homeowner’s financial situation meets the 31% income eligibility requirement.

6.Homeowner’s TOTAL monthly payment PITI-(principle, interest, taxes, insurance and HOA dues) MUST EXCEED 31% of their GROSS MONTHLY INCOME.

Ok. Great. You qualify and you’ve applied to HAFA and are enrolled in the program:

Here are the CONS:

1) Mandatory deed in lieu – The homeowner is required to sign a deed in lieu requiring them to hand back their house to the bank if the home doesn’t sell. This is the number one reason I would never have a homeowner sign up for HAFA – a Deed in Lieu is a “friendly foreclosure” and reports on your credit report very similar to a foreclosure

2) 120 days. You have 120 days to sell your home through HAFA from when they MAIL you the SSA (Short Sale Application) – If you don’t sell your home in that time, refer to #1. You agreed to a friendly foreclosure – deed in lieu. You MAY be given additional time to market your home, but don’t bet on it.

3) Your lender will set the price for the property. A BPO is done PRIOR to listing the property. The BPO agent is hired by YOUR LENDER and if that BPO agent is not experienced with the home market in your area you could be in trouble. They are not responsible for the accuracy of the list price and have no responsibility to you in the event the property is not sold.

***Side note: Last week I got a call from a homeowner who had Bank of America as a lender and had NO idea she had enrolled in the HAFA program. Her agent had not fully explained what was going on and she didn’t know what she agreed to. She asked me to buy her home. Now we buy short sales. We love short sales, and that’s what we focus on for investing but we cannot buy every short sale and we have to qualify them. I immediately called her agent and spoke to him. He informed me the lender set a price of $177,000 for the property. They got one offer in for $120,000 in which I’m sure you can guess the outcome. They (BOA) denied the offer. The home needed a tremendous amount of work. It’s value really was closer to $100,000 with all the repairs it needed and the location didn’t help it’s value. I explained to her we could not buy it because we would be no where near an acceptable offer for BOA. It was heart breaking to explain to her that if she didn’t get an offer, she would likely be looking at the deed in lieu****

4) HAFA is a set of guidelines. It’s not law, so if the lender doesn’t follow protocol, there really isn’t a legal action that can be taken.

5) Each participating lender develops their own written policy, consistent with investor guidelines, that describes the basis on which the lender will offer the HAFA program to borrowers. You do not get to see the guidelines. However, the guidelines are submitted to the government. So how are you to seriously know if the guidelines have been broken? Makes a LOT of sense huh?

6) Servicers may amend the terms of the SSA in accordance with investor requirements – Basically this means lenders can do whatever the heck they want and well, then why would anyone consider HAFA? Lenders do whatever they want with a good old traditional short sale and you don’t have all the other negatives.

7) Homeowners must make partial mortgage payments through the process. These payment amounts are determined by your lender.

COMMISSION ISN’T PROTECTED – This one is really for the agents out there. I think that’s why the agents we work with really like us. THEIR COMMISSION is PAID IN FULL. Here’s the thing. If a second lender wants commissions slashed to approve the short sale within HAFA your commission is not protected at 6% and then it truly isn’t a HAFA short sale as the agents we spoke with this week found out.

The reason I wrote this is because of the two agents who worked very hard on what they believed was a HAFA short sale releasing the homeowner of any deficiency and allowing a $3000 moving credit. Their frustration with the 5-6 months they wasted only to have the end result be similar to a traditional short sale was evident. PLEASE keep in mind second lien holders DO NOT necessarily participate in the HAFA process EVEN if they area HAFA approved lender.

We purchase MULTIPLE short sales and don’t put offers on any HAFA short sale property because we don’t believe in having a homeowner sign a deed in lieu to be part of the program. I am not saying the program doesn’t have it’s benefits, but homeowners, agents, and everyone else involved need to know ALL the pros and cons before making a decision on how to short sale their home.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Maryann Little

About Foreclosures and Short-Sales

For the last couple of years or so, the new terms “short-sale”, “pre-foreclosure”, “bank-owned” have become very familiar to any active realtor.

Yes, there are courses and classes and conferences to make us aware of the opportunities of this new sector in real estate. And I am continuously receiving emails offering leads on foreclosures and short sales and “BPO’s”.

I have been involved in a few short sales and I even lend occasionally advice to people who ask me what I know about the subject. The fact is that there is not so much to explain about it. It’s just a logical way that a lender can use to handle bad or problem-loans and cut its losses.

So far so good. However, every time I get involved in a short sale or “pre-foreclosure” deal, the bizarre takes over the rational, and weirdness supersedes common sense. Let me explain why I think so:

1) There are some conventions in how we usually handle a real estate sale in the US. Usually we list a property when a seller designates us as his “listing agent” and we place it on the MLS. There are some requisites to do that. He must give us an exclusive right of sale; otherwise we wouldn’t put it on the system.

2) If we have a buyer looking for a property, we will search on the MLS system and establish a relationship with its “listing agent” by asking to show it to our buyer, or requesting additional information.

3) Once an offer is made, an answer is received within a short term, usually 2 or 3 days. It can be an acceptance, a counteroffer, or a rejection. A non-reply within the given term is considered a negative answer. Now let’s compare this to what a bank involved in a short sale, or foreclosure sale usually does:

A) After talking to his bank, the seller of the troubled property agrees with a real estate agent to list his condo for sale in the MLS. The agent will place a special clause in the listing, stating its special status as a short sale and its contingency to a bank’s approval.

B) When an offer is received, the bank sometimes requires that it must be accompanied by a loan approval or a proof of funding if it’s a cash offer.

C) The buyer’s agent will often find a clause in the listing, stating that no commission is guaranteed. It is known that banks do not like to pay co-operating brokers more than a 2.5% compared to the usual 3%, but even this is not guaranteed. You must accept whatever the bank will definitely wants to pay you. No discussion.

Do you think that this is the perfect way for the banks to attract the best and most motivated realtors? Work double for less money? Usually, in a buyers’ market, a smart seller often increases the commission, so buyers’ agents are motivated to give him some priority. But apparently, banks have discovered that they can dictate their conditions, nickel-and-dime us so that they can save a few pennies after sinking billions of dollars in dubious transactions. Naming a listing agent who lives 200 miles away from the property isn’t the smartest move either. But let’s not discuss their marketing skills. They must know what they are doing.

D) When an offer is presented, the bank does not answer within any agreed period.

E) First difference: the listing agent does not remove the property from the MLS.

F) Second difference: the bank can take many months to reply. Meanwhile other offers are frequently received and presented to the bank by the listing agent. The process gradually resembles an auction and the higher bidder might get finally an answer. Or not.

G) Third difference. When a buyer’s agent contacts a bank-owned or foreclosure sale, and even some short sales, we often observe that the same agent or broker has his name on a lot of listings. This agent is sometimes based in a location that is distant from the property. I have seen brokers in Tampa handling listings in Miami. Do these guys have some special connection with the bank? What is the criteria of the banks when they choose their listing brokers?

Frankly, I don’t get any calls from any bank offering me listing business. And I have called a few of these “loss-mitigation” departments! I haven’t seen many of the best agents in my area involved in this kind of transactions, either.

H) Fourth difference: Frequently, many of these listing agents don’t even bother to show the property. They designate a “showing company” to take the buyer’s agent call and arrange a showing, usually by means of a lock-box key. The “showing company” does not usually provide information about the property. So much for great sales techniques, indeed.

I) Fifth difference: these listing agents very often do not respond at all to phone calls or emails. Perhaps because of the sheer amount of listings they carry, or because they are just disgusted by the whole process. It was transparent to me in some of the cases where I was involved that these listing agents didn’t care too much. In all truth, it looked like nobody cared, except me and the buyer. Some business must result though, and I am not trying to mock or belittle those agents; it’s just the whole system that looks so unprofessional.

K) In the case of a short sale, the listed price doesn’t mean too much. It can be very low to attract offers. The listing can sometimes falsely indicate that the price was “approved by the bank”. Correct me if I am wrong but It often bears the mark of “bait and switch”.

L) Now let us study the short-sale transaction from the seller’s point of view: he has possibly initiated the case providing the information required by the bank, often with the assistance of the real estate agent who will list it on the MLS.

M) The seller starts calling the bank. He will get all kind of conflictive information. A different employee will respond to his call every time and everybody looks completely disconnected from what has been done so far. They hang up promising him to call him back the next day, which of course never happens. In many cases, when the seller asks to know what is the exact pay-off of his mortgage, he can get different amounts every time.

N) The seller often gets simultaneous calls from the bank, threatening foreclosure. He sometimes tries to explain that there is a short sales procedure going on. But in spite of having spoken to dozens of bank employees, nobody seems to have any idea of what has been done the day before.

Does this look like a comedy? You bet.

Everybody chasing his own tail in a mad dance. That’s what it looks like.

My personal opinion: Complete disaster. Ridiculous. Tragic. Catastrophic.

A waste of my time, and everybody’s time.

They are the reason I lost a couple of possible sales, and gained the frustration of a few good buyers with cash in hand. I now try to discourage my clients of getting involved in this joke. Am I wrong? Maybe.

But if these banks expect to get out of this mess, they’d better get their act together.


Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Henry B. Nathan

How to Learn Short Selling

With all the time I spend scouring the landscape for ideal trades, preaching against random market noise and for disciplined trading, I often forget to explain the bare bones basics. Starting now, this will change-every few days I’ll have a detailed lesson. Today, I write about my all-time favorite trading strategy: Short Selling, which involves betting on a drop in an investment’s prices.

So, how does this backwards-sounding strategy work? Ever hear the saying “don’t sell yourself short”? That means don’t believe you can’t succeed at something. Well, in Short Selling, that’s exactly what you’re doing-betting that xyz investment won’t succeed at increasing in value. Whether you’re betting against a stock, currency or commodity, you’re “selling that investment short.”

Short Selling is exactly like buying and selling the way that you’re only too familiar with except the order is reversed-you sell before you buy. The old adage “buy low, sell high” still applies, here it’s just “sell high, buy low”. What’s worked for me is to short sell when a stock goes up waaaaay too high waaaay too quickly on waaaay meaningless news and buy it back when reason pushes prices lower, back to reality.

How can you sell something you’ve never bought, ahhhh, this is what confuses soooo many people, you’re actually borrowing shares from your broker in order to take a negative position. You’re selling shares you don’t own. For example, instead of owning 1,000 shares of XYZ when you buy its stock, when you short sell, you own -1,000 shares.

You’re actually taking out a loan from your broker, which is why you must have a margin account in order to short sell-sorry IRA accountholders! But don’t worry about paying interest, if you’re quick-think a few days max, that’s what’s worked best for me-the interest on that loan is negligible. When you buy it back later, or “buy to cover” your short position aka you’re closing out your loan.

On the “Enter Order” page of most online brokers, there are options that say “buy” “sell” “sell short” and “buy to cover”-focus on the last two and that’s how you initiate and close out a short position. Some brokers-like my favorite ThinkorSwim-don’t even differentiate, so you just click “sell” and then “buy” later to execute a short sell and buy to cover, respectively.

For several reasons, Short Selling has a bad rep-stocks and investments tend to go higher over time, you can lose more than you put in (if you short 1,000 shares of a stock at $5 (costing you $5,000) and it goes to $20, you’re down $15,000 or 3x what you put in!) whereas if you buy 1,000 shares of that same stock at $5, the worst it can do is go to 0, losing you $5,000. Most importantly, corporate management, shareholders and the financial media circus all do everything in their power to push prices higher, ever the optimists, because it’s in their interest to do so.

No matter how sensible Short Selling may be, it’s a very unpopular strategy because a.) it’s often believed to be unpatriotic (nonsense!) b.) risky (not if you’re quick!) c.) difficult (nahhhh, just expect the worst in everyone-not very tough to do in this industry) and d.) the risk of short squeezes-when short sellers are forced to buy to cover their positions, either due to pressure from their brokers or because they can’t stand the pain of loss any longer, help to squeeze stocks higher violently and quickly (scary, but the key is to short into these unnatural runups, ideally after they’ve already started downtrending).

This strategy has had its big winners-Jesse Livermore shorting into the 1929 crash, Jim Chanos shorting Enron all the way to 0, George Soros making $1 billion-yes, billion with a B-literally overnight, betting against the British Pound and me. While I shouldn’t even be mentioned in the same breath as those legends, I’ve got a bigger mouth and I’m gonna take this strategy mainstream, showing everyone how it’s helped me-an untrained, undisciplined, emotional, ego-driven young guy-avoid never having to get a real job, earning me six-figure annual profits for nearly a decade.

As some of you know, I made my first $1 million naively buying hyped up stocks as they surged higher during the tech bubble. Back then, I was fortunate enough not to know you could make money through Short Selling, or betting that stock prices will drop lower because while short sellers who preached that stocks were ridiculously overvalued were eventually proven correct, many went bankrupt or worse, discovering they owed their brokers money (remember, you can lose more $ than you put in!)

Even more fortunate, right as the bubble burst, I learned how to short sell, earning my 2nd million dollars and managing the top ranked short bias hedge fund 2003-2006 (Barclays). A harsh lesson in just how pathetic these companies are helped me understand that hype and manipulation pushes undeserving stocks higher, there are tons of idiots on Wall Street and many companies will fail, so it’s only natural to bet on failure in addition to success.

The harsh reality is that companies, especially smallcap and microcap companies, take advantage of any significant increase in stock price to raise capital, diluting their stock-as FEED just proved the other day.

Unlike Chanos and Soros, I’ve never had the patience to hold for any truly momentous gains, a result of my ferret-on-crack-like patience. Nevertheless, the keys to my success: thinking the worst of everyone and every company, trading scared and conservative (taking profits of 50 cents to $2/share then moving on) and waiting for the opportune times to strike-that being when all that hype and BS inevitably come crashing down in one quick or gradual revelation.

I’m talking about shorting hyped-up stocks with near-vertical charts or those that have risen exponentially, like from $4 to $12 within a few days and betting the price will drop a little. It’s truly beautiful when it happens, but mind you these wonderful opportunities are rare so have the patience to wait for them.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Terry Detty

Buying Foreclosed Homes – A Little Help

When you are considering buying a home looking at foreclosed homes may seem like a good idea. You can get a good property at a good price but it may not be possible to build a relationship with the previous owner. After all, you are buying his property that he did not want to sell but was forced to by the court system. Although it would be nice to know any little quirks about the house from the owner the benefits of buying a foreclosed home will often outweigh this minor little inconvenience. One important thing to know is that buying a foreclosure is not as simple or easy as buying a regular home. You will need to take special care when buying a foreclosure.

When purchasing a regular home that was on the market to be sold one of the first things that most prospective buyers get to do is take a tour of the house. When buying a foreclosed house this may not be an option. You may be given detailed information regarding the home’s amenities, detailed information in regards to the home’s floor plan, the address, and square footage, but the first time you may be in the home is after taking possession.

You may walk into a well taken care of home or it may be run-down inside with carpet that has to be replaced, walls need to be painted, plumbing not working all the time, and a multitude of other problems. The owner may be bitter about having lost his property to foreclosure so they decide to wreck the inside of the house before being forced to move out. In some cases the price of the home is so inexpensive that what the condition of the inside of the home is not that much concern to the potential buyer.

When purchasing foreclosed homes the buyer needs to be aware that this means that the home comes “as is.” The home may need major repairs before or after it is sold. The owner can decide to do the major repairs or not. Considering the circumstances as to why the home is being sold there is little chance that the owner will feel any obligation in helping the buyer with this problem.

In some jurisdictions, there is the right of reclamation, which means even after the home is sold the previous owner could agree to purchase the house for the same price it was sold for at foreclosure during a certain period of time. If the previous owner decides to exercise that right there is nothing that the new owner can do about it. Although this a rare occurrence it can cause substantial conflicts so buyers of foreclosed homes should be aware of this possibility.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Lora Davis

Using Feng Shui Techniques to Stage Your Home

Feng shui (pronounced fung shway) has thrived in China for hundreds of years, but this design philosophy has made its mark in real estate and home decorating in recent years. Feng means wind and shui means water. It promotes well-being by rearranging how energy (chi) flows through a home. The theory is that all spaces and objects have different energies (some positive and some negative), and they impact each other in various ways. Sellers who want a quick sale for more money are turning feng shui principles to make their homes more appealing to potential buyers.

Place the “For Sale” Sign on the Right Side of the House

Feng Shui experts claim that the right side of a house is the buyer’s side. Additionally, add positive energy by having wind chimes, flags, or wind socks to the right side of your houses under the right eave. This will direct a positive energy flow into the house instead of pushing it away or weakening it.

Invite Energy In Through the Front Door

Energy enters your home at the front door. Paint your front door a color to complement the rest of the exterior. Add a new welcome mat and flank the door with plants that have rounded leaves. (Sharp leaves can appear aggressive to buyers.)

Create a Room With a First Impression

Within the first 10 seconds, buyers generally decide whether they will buy a house. So make sure the first impression (foyer, living room, or other) is your best staged room. Create a clear path to this room with a runner rug or with eye-catching art and/or accessories.

Keep Energy in the Room

Keep the bathroom door closed and keep the lid of the toilet seat down. First of all, no one wants to see the inside of your toilet. But from a feng shui point of view, water represents money and the toilet is one place where water (money) can escape. Toilets and drains take energy from a room, so keep the toilet lid down and cover drains while not in use.

Improve Chi by Arranging the Furniture

Furniture arrangement can make or break the flow of chi in the room. Have you ever walked into a room where everyone had their backs towards you? It’s an instant turnoff. If potential buyers see the back of the couch as they enter the room, energy bounces right out. A facing, comfortable sofa or love seat toward the entrance of the room will improve energy flow and invite buyers in.

Place Calming Art Over the Bed

You want to create an atmosphere that’s calm, restful and restorative, so be mindful of what you place over the bed. Nature scenes always work because they’re relaxing. (Also remove electronics, office furniture, and exercise equipment from the bedroom.)

Remove Clutter

There’s one absolute that’s consistent in all home staging — get rid of the clutter. Clutter prevents energy from flowing through the home. So clear out excess furniture, knickknacks, photos, religious objects, and other personal items.

Start Packing

Once you put your house on the market, you must think of it as a commodity, not your house. When you start packing, you release your hold on the house and get the energy moving.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Sheryl Roberts

10 Ways to Sell Your House During a Recession

Selling your house during an economic recession can a bit overwhelming at best. The need to dispose of the monthly mortgage on your existing home is usually compounded by your next move or the move you have already taken.

During a recession, yes, let’s call it what it is, you must first realize you are not alone. The only thing that you are alone with is your existing personal debt. That being said, you want to sell your house and like yesterday, right?

When selling your home during any economic conditions you need to assess your local real estate market conditions. While the country as a whole may be facing a negative real estate market condition, your local are could be maintaining a more encouraging market. If there is a growth underway in your area commercially, this could improve your residential market results.

Let’s talk about the worse case scenarios. Your local area has seen no significant commercial growth or worse, there have been industrial businesses close and layoff a sizeable workforce. This is the bleakest of times and you are affected.

Keep in mind, there are options available to you and your family’s blight. One consideration in selling your home is to avoid listing your house for sale through a real estate company or agent. This in itself, will allow you to price your home below the local market value. Selling without an agent can be a bit scary, as far as knowing what to do and how to conduct a sale of real estate. Fear not, you can find generic real estate contracts online for your given state.

Selling your house by owner has both positive and negative consequences. The positive is; you control the entire process of selling, and the negative is; you have to do all the work involved in getting your house sold.

Here are 10 sure fired ways to sell your house during a recession:

1. Acquire the documents that are required to legally sell your house, such as a legal sales contract for your state, a certificate for inspection of your septic tank, if you are not on a city sewer system, and a home inspection to assure your buyers that your home has been inspected for any defects.

2. Check in your area for similar size and amenity houses that are for sale or have recently sold, to assure you that you will price your house accurately.

3. Decide on a sales price, less than comparable houses for sale in your immediate area. You could ask a real estate agent to price your home at current market value. Offer the agent a 3% commission or a flat sales fee if he/she can produce a buyer. DO NOT sign any written agreement with an agent or real estate company.

4. Determine where houses are advertised for sale on a consistent basis, your local newspaper, traders post, or local cable channel. Some weekly newspapers have a specific day of the week when agents run more ads, choose that day to run your ads.


6. Locate a local real estate attorney and have him/her explain what costs are involved for a specific sales price, for both you and your buyer and have them explain how much you can legally pay on behalf of the buyer to assist them in their purchase.

7. Be willing to accept a second mortgage for your equity. This is where you are willing to be paid your equity over time, or at a delayed point in time, so the buyer who wants to buy your house but hasn’t got the immediate cash required to pay your equity amount. They can do so in increments over time based on your stipulations.

8. Offer incentives to your buyer. Think about including a boat, a car, a truck, an RV, that you own, to be a part of the sale of your house. Tempt them with something extra. Recently in Wisconsin, a homeowner was willing to include 2 season tickets to all the home games of the Green Bay Packers. If you are not aware, they are sold out for years in advance.

9. Accept offers of a car, a boat, an RV, or whatever a buyer may have, that you could sell later, after the house is sold. This offer could be a down payment tool for the buyer.This could be a value toward your equity that you can liquidate later and create your equity recoup in that method.

10. Make sure you stipulate to your buyer that they show written proof from a bank or mortgage company that they are good to purchase, before drawing up a sales contract, or make it a condition of the contract, if the buyer doesn’t want someone to go ahead of them on the purchase of your house.

Keep in mind that as long as there are people getting married, getting divorced, or changing jobs, they all need a place to live and you have what someone else wants. During desperate times, desperate measures are required. Focus on the ‘have to do’, and don’t let sentimental value be a part of what must be accomplished. There will be better times and using your intelligence to let go, to move on, is the right path to take. Sell your house, lighten your burden, and make it a good decision for the times you are currently living.

Be creative, informative, and smart, he who takes on a challenge in desperate times lives to see better days ahead. Patience and persistence does pay off.

Visit: http://wealthsmith.com/mortgage-rates.htm

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Source by Jimmy Wilson

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