Jumat, 02 Januari 2009

What's your most important job when selling a house privately?

Finding buyers!
It's so simple that many private sellers answer this incorrectly.
"Presenting my property well" or "Setting the right price" are the two most common wrong answers I hear.
Granted, these things are important but they are utterly meaningless unless you can find the buyers!
Where Are All the Buyers?
Well, chances are you're in the throws of house hunting at the moment so you probably know the answer to this already.
For the avoidance of doubt:
"The buyers are on the Internet!"

More specifically they are surfing the top 5 property portals:
Findaproperty.com:
Is now owned by Associated Newspapers, the publishers of The Daily Mail, The Mail on Sunday, The Evening Standard and Metro.
Propertyfinder.com:
Is now half-owned by News International, the media conglomerate controlled by Rupert Murdoch.
Primelocation.com:
Was bought last year by The Daily Mail & General Holdings.
Fish4homes.co.uk:
Has been developed by four regional newspaper groups - Newsquest Media Group, Northcliffe Newspapers Group Limited, Trinity Mirror plc, Guardian Media Group Regional Newspapers.
Rightmove.co.uk:
Is the only one that doesn't have any involvement with newspapers (instead it was founded by three of the UK's largest estate agency chains - Halifax, Countrywide & Connells.

In March 2006, Rightmove plc was publicly listed on the London Stock Exchange with the three original investors each retaining a significant shareholding).
Unfortunately for the newspaper industry, Rightmove.co.uk is streets ahead of the rest and continues to dominate the house hunting market (they showcase 80% of all UK property that's for sale).

Before Selling Property Know Your Buyers

If you know your buyer's general tastes and preferences, it'll be far easier to pinpoint the improvement projects that will make you money.
Always give the buyers what they want, not what you want!
What buyers want and expect differs from region to region, town to town and street to street. There's no escaping it, you need to do some cold hard research.

Find out:
What common improvements people have made in your area?
What these improved properties sell for?
How much these improvements will cost you to make?


If you watch your local property market closely, no-doubt you already have a good idea of this.
Given a chance, an estate agent will wax lyrical about "ceiling prices" and "buyers tastes" for hours (if he thinks he'll bag you as a client in the not to distant future). (theadvisory.co.uk)

Adding Real Value Before Selling Property

The Two Key Concepts Behind Adding Value:

Ceiling Prices
A ceiling price is the max price a buyer will spend on a property in your street, before being able to find a similar property for the same money, in a better street.

Location
To make money selling property, it's better to start with the worst property in the best street. Rather than the best property in the worst street.

How to Sell Your Property?

When you have a house to sell the worst thing you can do is blindly rush in and:

1. Invite some local estate agents round,
2. Sign-up with the cheapest one (or the one that gives you the highest property valuation),
3. Cross your fingers and hope for the best.

Depending on your personal circumstances you can sell property:

1. Through an Estate Agent
2. Privately
3. By mixing estate agents with your own private efforts
4. At auction
5. Fast to a Specialist Cash Buyer

Buying a home in a tax lien sale

"Every year, $7 (billion) to $10 billion in property taxes go delinquent," says Howard Liggett, executive director of the National Tax Lien Association in Pensacola, Fla., a trade association of investors, tax collectors and service providers involved in tax lien sales. "The subprime mortgage crisis has spiked those numbers. For example, four of the 67 counties in Florida saw spikes of 30 percent to 33 percent in the number of tax liens offered for sale last year."
Homes on the auction block:
Tax collectors in 29 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands use tax lien sales to force owners to pay unpaid property taxes.
"It's a method for people responsible for collecting property taxes to make everyone pay their fair share," says James Hughes, president of SRI Inc. in Indianapolis, who's represented governments in tax lien sales for 20 years. "If there were no enforcement, nobody would pay their property taxes."
The process varies by state, but here's how it generally works: When property owners don't pony up for their property taxes, tax collectors wait the time period required by state law and then put those unpaid property taxes up for auction.
"The time period varies from just a few months to several years," says Hughes. "In Florida, if owners don't pay taxes due in April, tax collectors will sell a lien June 1. In Indiana, it's about 15 months before a property goes to a tax sale." (bankrate.com)

Price is Right: How to Sell Your Home Now

It's the worst-case scenario for home sellers: To endure price cut after price cut until their houses become stigmatized and hungry buyers smell blood. But how can you avoid this unpleasant scenario in today's troubled housing markets? The answer, experts suggest, is to put your home on the market at the right price, and if it doesn't sell quickly, cut the price deep and fast, so you won't be caught in a downward spiral of price reductions.
Not surprisingly, few sellers want to hear that advice. They'd rather price their homes aggressively and then hope buyers will take the bait. But testing the market simply isn't a good strategy with home prices depressed, sales at a slower pace in many markets and buyers on the hunt for good deals, says Mark Reitman, Chicago sales manager for real estate brokerage Redfin in Schaumburg, Ill.
Buyers today are "looking at every aspect in so much more detail and trying to find out how they can get a lower price," he says.
The high-and-hope strategy is so ill-advised that some brokers won't accept listings they think are overpriced. Among them is Tony Marriott, an associate broker with Keller Williams Realty Professional Partners in Phoenix. Marriott says he shies away from sellers who aren't realistic or won't commit to an automatic price reduction if no offer has been accepted within a few weeks after the home has been put on the market.
"We go into it with a fairly aggressive discussion upfront, saying, 'We are listing your property to sell the property, not to go fishing,'" he says. "We need to have a game plan in place to take the emotion and hand-wringing out of it."(cnbc.com)

Bali Property, rent, buy or build a Bali Villa, House or Bungalow


Rent, build, own Property in Bali Indonesia

Here we show you property in Bali. From cheap houses and luxury Bali villas to undeveloped land where you can build your own house. Buying real estate in Bali can be an adventure; we can make it comfortable for you. Just mail us for an appointment and we show you our listed properties and explain if needed, the property laws in Indonesia and how they may apply to you. Some houses or villas are for rent too, so you may be able to 'try out' your choice for a while, to see if it fits.

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We don't promise you that you will get rich by owning Bali Real Estate, although some people do very well. Investment, in our eyes, is something you do first of all in yourself. This island gives you the opportunity to own a villa or house at a reasonable price with a good chance on return of investment. We can help you with rentals, with this website or the use of other channels.

If you already own properties in Bali we can assist you in sales and rentals, also if you want to sell your hotel in Bali. For renting, lease, buying and selling we are able to assist.

A tropical home, in a part of Indonesia with friendly people and a colorful Hindu culture, where life and real estate can be cheap, relaxing and very enjoyable.

You can also build your own home in Bali, according to your specifications, in your own taste.(bali-information.com)