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Real Estate Financing – Home Mortgage Loan And Loan Basics

19fcce962c12c857ab98e905fdf1e2a6Mortgage loans are generally structured as long-term loans, the periodic payments for which are similar to an annuity and calculated according to the time value of money formulae. The most basic arrangement would require a fixed monthly payment over a period of ten to thirty years, depending on local conditions. Over this period the principal component of the loan (the original loan) would be slowly paid down through amortization. In practice, many variants are possible and common worldwide and within each country.

Lenders provide funds against property to earn interest income, and generally borrow these funds themselves (for example, by taking deposits or issuing bonds). The price at which the lenders borrow money therefore affects the cost of borrowing. Lenders may also, in many countries, sell the mortgage loan to other parties who are interested in receiving the stream of cash payments from the borrower, often in the form of a security (by means of a securitization). In the United States, the largest firms securitizing loans are Fannie Mae and Freddie Mac, which are government sponsored enterprises.

Mortgage lending will also take into account the (perceived) riskiness of the mortgage loan, that is, the likelihood that the funds will be repaid (usually considered a function of the creditworthiness of the borrower); that if they are not repaid, the lender will be able to foreclose and recoup some or all of its original capital; and the financial, interest rate risk and time delays that may be involved in certain circumstances.

More recently, mortgage loan brokers have expanded their businesses to include a web presence. There is now even a market for standard web templates which are used by brokers who want to quickly develop an online component to their business.

Real Estate Financing – Home Mortgage Loan And Loan Types

There are many types of mortgages used worldwide, but several factors broadly define the characteristics of the mortgage or home mortgage or home mortgage loan. All of these may be subject to local regulation and legal requirements.

Interest: interest may be fixed for the life of the loan or variable, and change at certain pre-defined periods; the interest rate can also, of course, be higher or lower.

Term: mortgage loans generally have a maximum term, that is, the number of years after which an amortizing loan will be repaid. Some mortgage loans may have no amortization, or require full repayment of any remaining balance at a certain date, or even negative amortization.

Payment amount and frequency: the amount paid per period and the frequency of payments; in some cases, the amount paid per period may change or the borrower may have the option to increase or decrease the amount paid.

Prepayment: some types of mortgages may limit or restrict prepayment of all or a portion of the loan, or require payment of a penalty to the lender for prepayment.
The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable rate mortgage (ARM) (also known as a floating rate or variable rate mortgage). In many countries, floating rate mortgages are the norm and will simply be referred to as mortgages; in the United States, fixed rate mortgages are typically considered “standard.” Combinations of fixed and floating rate are also common, whereby a mortgage loan will have a fixed rate for some period, and vary after the end of that period.

Historical U.S. Prime Rates. In a fixed rate mortgage, the interest rate, and hence periodic payment, remains fixed for the life (or term) of the loan. In the U.S., the term is usually up to 30 years (15 and 30 being the most common), although longer terms may be offered in certain circumstances. For a fixed rate mortgage, payments for principal and interest should not change over the life of the loan, although ancillary costs (such as property taxes and insurance) can and do change.

In an adjustable rate mortgage, the interest rate is generally fixed for a period of time, after which it will periodically (for example, annually or monthly) adjust up or down to some market index. Common indices in the U.S. include the Prime Rate, the London Interbank Offered Rate (LIBOR), and the Treasury Index (“T-Bill”); other indices are in use but are less popular.

Adjustable rates transfer part of the interest rate risk from the lender to the borrower, and thus are widely used where fixed rate funding is difficult to obtain or prohibitively expensive. Since the risk is transferred to the borrower, the initial interest rate may be from 0.5% to 2% lower than the average 30-year fixed rate; the size of the price differential will be related to debt market conditions, including the yield curve.

Additionally, lenders in many markets rely on credit reports and credit scores derived from them. The higher the score, the more creditworthy the borrower is assumed to be. Favorable interest rates are offered to buyers with high scores. Lower scores indicate higher risk for the lender, and higher rates will generally be charged to reflect the (expected) higher default rates.

A partial amortization or balloon loan is one where the amount of monthly payments due are calculated (amortized) over a certain term, but the outstanding principal balance is due at some point short of that term. This payment is sometimes referred to as a “balloon payment” or bullet payment. The interest rate for a balloon loan can be either fixed or floating. The most common way of describing a balloon loan uses the terminology X due in Y, where X is the number of years over which the loan is amortized, and Y is the year in which the principal balance is due.

 

Real Estate Financing – Other Loan Types:

Assumed mortgage
Balloon mortgage
Blanket loan
Bridge loan
Budget loan
Buydown mortgage
Commercial loan
Equity loan
Foreign National mortgage
Graduated payment mortgage loan
Hard money loan
Jumbo mortgages
Package loan
Participation mortgage
Reverse mortgage
Repayment mortgage
Seasoned mortgage
Term loan or Interest-only loan
Wraparound mortgage
Negative amortization loan
Non-conforming mortgage

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5 WAYS TO ADVERTISE YOUR REAL ESTATE BUSINESS

o-REAL-ESTATE-facebookWith the introduction of new products and people’s purchasing power continually escalating, it can be said that the advertising industry is fully energized. That’s why even with the dawn of the new technology, advertising still continues to dominate the business world. As most business people assert, business can never succeed without advertising.

And so, in the real estate business, advertising remains to proliferate with more ways that could increase productivity.

However, for those who still don’t know how to maximize the potential of advertising in increasing their real estate sales, here are some basic methods to think about:

1. Website listings

Real estate businesses may consider the benefits of advertising their products or services online. In this manner, they could even increase their market share by accessing those who cannot be reached by simple ways of promotions and advertising.

People behind the real estate business may choose from the different website listings available in the Internet today; or, simply choosing to have a website is a big step forward.

Look for local business directories or national real estate directories, along with general sites like the Open Directory Project, http://www.dmoz.org.

2. Search engine submission

Real estate businessmen may also opt for the search engines that are available on the Internet. With a reasonable amount, real estate businesses may promote their products online and get more exposure through search engines. Two of the biggest and most popular search engines are Google and Yahoo. So, if the business is listed at these sites, chances are they’ll reap more profits than they could imagine.

3. Banner and text ads

Banner ads are those ads that appear on top of a certain sponsoring website. It contains the business’ name and the hyperlink that connects the customer to the business’ site. A text ad is similar to a classified ad. Both banners and text ads come in various shapes and sizes depending on where you use them.

In this way, real estate entrepreneurs may take the chance of increasing their exposure online by letting people know that they exist. Check out Google Adwords and Yahoo Search Marketing for more information.

4. Email

Real estate businesses may also resort to this kind of advertising. Though, special considerations should be made when constructing emails so that it will not be categorized as spam.

Also, to maximize the use of this advertising technique, the real estate business must also have an email list of their potential buyers. Whatever you do, DO NOT send any e-mail to anyone who has not requested it!

5. The basics

It still pays to be traditional. In fact, one of the best ways to advertise a product is to use the traditional method of advertising – print and broadcast advertisements. There are people who would rather see the ads on television or in newspapers than online.

But whatever type of advertising a real estate business use, one thing is bound to help them boost their sales and profit. Be sure to keep track of which method is the most profitable and devote your resources to that method!

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The Real Estate Industry and the Internet

residential-services.-2The Real Estate business is truly unique in the sense that most people will only engage in it once or twice in their entire life.

And since purchasing property is such a complicated matter, Real Estate businesses have laboriously pursued every means to make this transaction as easy and as informative as possible.

This explains the plethora of agents, advertisements, listings, open houses, and gimmicks realtors employ just to attract potential buyers, who, understandably so are squeamish about jumping headlong into such a big investment without thinking everything over.

However, there is great satisfaction in being able to close a successful deal with a client. This is especially true when the client is satisfied and heartily recommends the agent/broker to his friends who may be considering purchasing homes too.

Transition to the Information Age

Today’s buyers and sellers turn to the Internet first. To be competitive, Real Estate businesses have started to tap into the power of the internet. Successful websites will more than pay for themselves with the business they generates and the time they save.

The beauty of the internet is that it puts so much information in the hands of users in an instant and in the comfort of their homes. On the flip side, sellers are now able to push that information to the buyer’s table reliably, instantly, and most importantly – inexpensively.

Real Estate businesses should realize that potential buyers nowadays desire to see many options. Before deciding on purchasing a home, they now do research on the internet, scanning for good deals and supporting information to help them weigh their decision. Like if there has ever been and any flood damage restoration done in the past on the property. If there have been any damage, you can search www.waterdamagerestorationspringtx.org for more info.

If a Real Estate business does not adapt to this need, or to the growing power of information technology, it may find itself lagging behind the competition.

Inexpensive Advertisement

In America alone there are close to 70 million users of the internet. What business would not want to have advertising mileage in this medium? The cost of advertisement on this medium may cost anywhere from nothing to a few hundred dollars.

At any rate that still makes for a great deal!

Instant Communication

A buyer seeks information – what does the agent do? In the older days, they would fax documents, call long distance, send snail mail, and whatnot. This sort of communication made facilitating a sale sometimes tedious and backbreaking.

Today’s information architecture allows buyers and sellers to shuttle mail, images, data, and others at a snap. This too, like internet advertisement, is inexpensive.

Realtors can pitch to not just one buyer at a time, but as many as can access his website. And the good thing about that is that he does not have to repeat himself for each customer.

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Getting Started in Real Estate Foreclosure Investing

Decide to Invest in Real Estate Foreclosure Investing

real estateWith the increase in Real Estate property appreciation rates across America, a prospective foreclosure buyer may want to fix up a property to improve its value to live in, to rent out or to resell. The strategy a buyer pursues will determine which foreclosure property to buy and the location.

For example with San Diego, California’s media home prices topping at $500K+, a couple might not be in a position to afford a home of their own in San Diego, California. Yet, might be able to purchase a foreclosure property in another area or state with lower housing prices but in a faster growing market or with better future appreciation growth potential; when the property increases it’s value in a few years time, sale of the property could provide the necessary capital to purchase in the San Diego area.

Locating Foreclosure Properties

Finding foreclosure properties can be done by visiting the local recorder’s office and making photocopies, since listings are added on a daily basis, this can be daunting.

Using the internet, a number of web sites allow searches by state, county, city, and zipcode. All the sites listed below offer listings for a fee. Take advantage of the free trial period offered to fully evaluate thier listings. The sites should offer the latest listings with daily/monthly updates.

Determining the Distressed Property Valuation

Once you have identified a foreclosure property of interest in an area you have researched, determining the value proposition will determine whether or not to continue. The determination will be influenced by your investment strategy, i.e., whether you wish to live in, to rent out or to resell are factors to consider as well as your investment time frame.

The first step in foreclosure property valuation is the obtain information regarding the area. A number of web sites offer free sales comparables or “comps”. This information greatly assists in determing the property value.

Securing Financing

Due to the quick window of opportunity a foreclosure presents, it is important for a potential buyer to be pre-qualified before engaging in Real Estate Foreclosure Investing.

Also, knowing the amount of monies available to the investor can be a guide to locating areas within the U.S. that are with the the investment range

Being pre-qualified allows the buyer to be in a financial position to purchase the foreclosure property. Pre-qualification provides an important edge in competitive markets. Once approved, financing in-hand makes negotiations easier.

Finding and working with Real Estate Agents

The single most important aspect of foreclosure investing involves finding and working with a Real Estate agent.

If a foreclosure property is being considered out of the area or state, then working with a local agent in that area -who can advise on the condition, knowledgable about the growth potential, advise on local conditions, is an important relationship to develop.

Since a majority of Real Estate agents focus on “traditional” real estate transactions, mentioning “foreclosures” might cause them to balk at potentially working with an prospective investor; Therefore, educating the agent on the opportunity of working with you is important.

“Buyer’s representatives” have the home buyer’s interests at heart, and are charged with finding the right property and negotiating the best price for their clients. Picking the right real estate agent will make a buyer’s life much easier. There are agents who specialize in the foreclosure market, with specific experience in REO properties.

Look for an agent with foreclosure transaction experience, as well as knowledge of local, regional and state laws. But it’s also important to consider the agent’s knowledge of the area; their ability to close a deal; and their access to other professionals (attorneys, lenders, mortgage and title professionals) to ensure that the buyer is in good hands.

Making an Offer

Once you have determined the property valuation, researched the area and appreciation growth potential, and established a relationship with a Real Estate agent making an offer amount somewhere below the market value is the final step.

If the property is bank owned (REO), you could prepare an offer similar to a typical purchase offer, contingent on a full inspection and title search.

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How to Make Home Buying Fun

Holding out house keys on a house shaped keychainFun and purchasing a home are probably two concepts that cannot be further apart.

Instead of being fun, purchasing a home might prove to be nerve-wracking and stressful! This is understandable since this is an investment that spans a lifetime – a whole set of generations even.

Buyers are intimidated by the various dimensions that make purchasing a home troublesome – the legal aspects, the financial aspects, dealing with brokers, agents, insurance, and others purchase concerns.

But dissecting these roadblocks and adding some spice to your choice of property could make this life-changing decision an enjoyable one.

Step 1: Assess your finances

The question here is can you, the buyer, actually afford payments for a home. You may want to consult a financial adviser as to the strategy he may employ in paying for a home. This is imperative especially if you have a troublesome credit history and other financial obligations. You must also reach a compromise between payment capability and the desired property.

Step 2: Survey

With the explosion of information in today’s age, it becomes more exciting to search for possible properties. Newspapers, advertisements, referrals, brochures, and even the internet all give you more choices and better options. You should take full advantage of this information glut to facilitate your decision regarding a house.

Step 3: Learn from Others

If you are a first-timer, you do not have to make the common mistakes newbies commit. You should contact people who have been in the same circumstance and learn from their experience. This will save you from a great deal of grief later. like someone i knew who didnt realize the house they bought needed major roof repairs, but they found a great roofer at www.roofingrepairarlingtontx.com that did a great job fixing their roof and saving them money.

Even grizzled veterans of such purchases would do well to seek advice from trusted colleagues on the matter.

Step 4: Find an Suitable Agent

This is one of the most underestimated, yet important aspects of home buying. Most buyers end up with an agent by sheer accident. It would do well for you to do research and contact an agent whose strategy and skills fit your needs.

A skillful agent can save a great deal of trouble and is instrumental in a successful sale.

Step 5: Close the deal

A great deal of discussion and paperwork is involved in closing a deal. However, if the preceding steps were accomplished well, this step will most likely be exciting instead of worrying. Here, the buyer and the seller come to terms with the financial details, paperwork, and other details vital to the sale. If this comes up right, you can now come home to an exciting new home!

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Controlling property: 100X more powerful than ownership!

photo_tcvickieControlling property is 100x more powerful than owning property.

Once we share this “truth” and you really grasp what we are saying, it will forever change how you view real estate investing and could dramatically change you life!

It did ours!

Yes it is that powerful!

We do not think anyone will disagree with the fact that when you invest in a home the “traditional” way you have to jump through a lot of hoops!

What if we told you there was a way that you could invest in real estate WITHOUT jumping through all of those hoops?

Would you be excited?

How about if we told you that your credit would not be the issue, even if you just filed Bankruptcy yesterday?

Excited yet?

Wait, it gets better!

What if we told you that you did not have to have a large down payment?

What if you could control these properties for as little as $1-10.00 down?

Still not excited?

What if there was a way to establish an equity position in the home you control WITHOUT being on the title!

Well, this is possible when you control properties instead of owning properties!

How do you accomplish these wonderful things in Real Estate?

That is the truly the Million Dollar question!

And the answer is…Drum roll please…

With a lease purchase contract!

A lease purchase contract allows you today to lock in a purchase price for sometime in the future.

How powerful is a lease purchase contract?

In our own case we locked down our dream home without a credit check under market value with a right to purchase at that under market value at any point during a 5 year term.

Before we walked into the front door of our dream home, we had ALREADY established a tremendous equity position, without being on title!

In 3 years the land values TRIPLED in value and our home almost DOUBLED in value!

Now, granted this is waterfront property and things took off BIG TIME, but because we had positioned ourselves with our lease purchase contract we were sitting pretty with a huge equity position!

We never jumped through one hoop and did not have our credit checked to establish this equity position.

We were smart enough to recognize controlling property was 100x more powerful than “owning” property any day of the week, month or year!

We really do wonder why anyone would invest any other way!

Is it legal?

100% legal!

As a matter of fact, most mortgage companies advertise looking for those with a lease purchase contract who want to convert it to a mortgage!

Consider this email we received from a Real Estate Lender who does $800 Million Dollar a year in lending!

“As a RE Lender for a Mortgage Bank that does 800 Million dollars a year in residential lending, I deal primarily with what I term “credit challenged” buyers searching for help to purchase their first home. I know just how difficult it is for some families to overcome the restrictions that low income presents, the credit consequence of divorce or clients getting trapped in reaching beyond their financial means. I’ve, frankly, seen it all.

“Owning two other “Real Estate Purchase” programs, and diligently reviewing the material of both, there is no doubt in my mind that your program provides the most clear, concise and effective manner for buying property with truly “no money down”. (Ok, 5 or 10 bucks.)

“Just as an example T.C., last year I converted two clients who were unknowingly using your system to buy their first home. The one I am most proud of, however, had a mid FICO score of 514 and was 90 days late on three credit cards at close (Realtors still don’t believe me when I tell them this….lol). “How much money came out of his pocket? $350.00 (the cost of his appraisal, because even I didn’t think it would fly). Did he have to pay his page and a half of open collections? Nope! Bring his credit cards current? Nope! No down payment, no “nada”, no squat and closed with over 10K in equity!

“What was his terms? 5.5% fixed on a 30 year note. Not bad eh? There are people with 750 credit scores that financed last year wishing they had his rate!

“I highly recommend anyone looking for ways to succeed in Real Estate investment to buy it. Even if you’re not looking to “invest”, but simply looking to own your own piece of the American Dream, this is absolutely the program for you!

“It’s a terrific and easy method that anyone can learn in an hour! Best of all, you do not need to do anything more than read the program and follow in your foot steps.”

Warmest Regards,

George C.

What do we mean by “control” real estate?

Simple. When we “control” real estate we have 5 options available to us. We can:

Sell the property Rent the property Sandwich lease the property Assign our rights in the property Live in the property But the most powerful benefits to you investing this way is that you can establish an equity position in that home without ever being on title!

For example, lets say you control a home for a 5 year term and you have the right to purchase the home at any point during the next 5 years for $250,000. Let’s say the home appreciates in value to $350K in 3 years. You now have the right to purchase a $350K home for $250K. That is a $100K equity position you now have without being on title! That is the truest definition of power there is!

There is no more powerful way to invest in real estate today!

TC and Vickie Bradley http://www.tcandvickiebradley.com

About the Author

TC and Vickie Bradley are authors of the #1 best selling course “Buy With No Credit, How to make money this month in Real Estate”.

It has maintained a #1 ranking in Real Estate at one of the Internet’s most trusted and respected web sites since it was released in April of 2003.

This dynamic and caring couple has a passion to assist others in walking into the greatness that is already within them!

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Buying Overseas Vacation Homes

Real-Estate1A majority of us have dream of owning an overseas home at home point in time.  Owning a home overseas represents a different way of life, in a sun drenched tropical location that is teaming with activities and plenty of things to see.  For many of us, owning real estate overseas is a dream that we all look forward to at some point in our lives.

If you have been considering buying a home in a foreign land, there are some things you should be aware of.  Anytime you decide to buy a home in a far away land, there are traps and pitfalls that you need to be aware of.  If you are aware of these pitfalls, you’ll go a long way in securing your home – safely and securely.

If you want to buy overseas real estate for the value, you should always keep in mind that real estate fluctuates – some months the value may go up, while other times it may go down.  Not all countries have the same real estate economy, which makes it in your best interest to look into the economy before you buy a home.  This way, if you are buying for the value, you’ll know whether or not your purchase will be profitable.

Legal systems are also something you should be aware of as well.  Different countries do things differently, which is why you will need to look into the different legal systems before you decide on a property.  The last thing you want is to purchase a home and find yourself totally unaware of how the proceedings go in the area you have chosen.

If you are buying your home to make some extra money, such as using it for a vacation or holiday home, you should always pay attention to the accessibility factor.  If you plan to visit the home yourself for vacations, you’ll want to make sure that your property is easy to reach.  If your property is hard to reach by automobile or plan, it will decrease in value and popularity over time.  On the other hand, if your property is easy to access, it will be great for you and anyone else you decide to rent the property out to.

If you want the process to go as smooth as possible, you can always enlist the services of a real estate agent.  Even though you may be buying an overseas home, a real estate agent will know the area and he can answer any questions you may have.  Chances are that you aren’t familiar with most overseas areas, which makes a qualified real estate agent a very worthy investment.  Your agent can also make recommendations based on what you are looking for – and show you the homes that you wouldn’t be able to locate without his services.

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Selling a new home

finding-the-right-real-estate-agentSelling a new home sounds easier than selling an old home that need repairs here and there, such as getting that appliance repair arlington tx dont that will cost extra money out of your pocket, like getting that 8 done, that just cost you extra money. But even a new home that we are selling, it still needs preparation to sell it. We cannot just put a “For Sale: new home” sign in front of the house and expect the people will come to you and sign the deal. Selling a new home is still the same as selling your own home but the difference is that it does not need lot of preparation as usual.

Since you do not have to spend much time in repairing or improving the house, you can catch up by making a marketing plan to sell the new home. The marketing plan is made to sell a home in a rapid time at the best price. The plan can be advertising in the newspaper, posting your listing on the Internet, holding an open house and more.

Just to remind you that there is two important thins to remember in selling home including a new home, they are price and condition. Any home will sell right faster if the price is right and reasonable. Any repairs and improvements or cost to sell should be included in your asking price but it has to be reasonable.

It is also helpful to discuss other terms and conditions, such as timing and items that can be included with the sale of the home. Both of these can make your home more attractive to potential buyers. Any realtor will tell you that the spring and summer are the best times of the year to sell a home, because that is the time when buyers are having a great interest in buying home. Selling a house depends on supply, demand and other economic factors. But the time of year in which you choose to sell can make a difference both in the amount of time it takes to sell your home and in the ultimate selling price. According to the most recent data from the National Association of Realtors, or NAR, about 350,000 transactions were closed during January and February this year, compared with 650,000 to 700,000 a month in June, July and August.

You also should hold open house to sell a new home which is one of the ways to promote your house to the your neighbors. This can be one of free advertisement in selling the home just in case if there is our neighbors’ friends or family who accidentally want to buy a home. Create an information sheet (with a photo) about your home to give potential buyers a description about your home.

Selling a new home is not as difficult as you think. Yet, it also does not as easy as it seems. What you need to have in selling a new home is a spirit to sell and link to sell your home and also a hard work. If you do need any appliance repairs, checkout http://www.appliancerepairproarlington.com

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Tips on selling real estate

tips-for-new-real-estateYou will spend a bundle on marketing in your real estate investing career, but why spend it on the customers that you already sold to or bought from? Don’t do it, you shouldn’t have to if you simply do your job right in the first place by remembering that the close of the sale is NOT the end of the process altogether. Now, you have this individual in your group of “trusted” buyers or sellers and they have you as the same, don’t lose that invaluable trust and confidence. Ask them to refer you to their friends and family while keeping in contact with them continually after the initial process is over.

Have a system in place that makes it easy for you to keep in contact with EVERY person that you buy from or sell to in your real estate investing venture. Major corporations like worldwide banks and car dealerships have systems in place that require or encourage their salespeople to call in a set routine after the completion of the sale. Make a chart or file that allows you to call your clients on a schedule that is friendly, not harassing. Call them in a week, then a month, then three months, six months, a year, etc. Ask questions about friends, family, or whatever you learned about them initially.

By continually making contact with past clients you will stay fresh in their mind and almost establish a friendly relationship that would make them feel guilty for going to anyone else. This guilt isn’t the goal of your real estate investing career, but building a loyal group of followers is and it will save you a bundle in marketing. Be as friendly and hospitable as possible in an effort to be the most respected and loved real estate investor in the market. Don’t let these people get away because you will have to pay, likely twice as much, to get them to come back again if you lose contact. Keep them coming back and laugh all the way to the ATM!

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Marketing for a better margin or sell better

real-estate-titleIn this declining sales time, here are some tips for marketing your properties

There is nothing more difficult to someone beginning the real estate investing game than to decide what type of marketing method is best for them in this venture. Sure, different strokes work for different folks, but how are you going to find what works for you and helps to separate you from the other real estate investors in the game? In the beginning you may be struggling to come up with the cash that you need to be able to market the way you want, so why not try some methods that are both inexpensive and effective to beginning making your name well known in the game.

Try using the more time-tested and continually effective methods like door-hangers, yard signs, flyers, direct mailers, and postcards to get your name in front of prospective buyers. With the possible exception of direct mailers, these methods can provide some relief to your pocketbook while providing you with the ability to brand yourself as a buyer in the market. Remember, the key is to get people to think of you every time that they have to buy or sell a house. If you are the first person they think of you may get the inside track on the prime properties in the area for the prime prices!

Once you have begun to establish yourself as an individual in the real estate investing market then you need to be everywhere that people look when real estate comes to mind. Be in the newspapers, on television, or on the radio with a jingle or slogan that makes people remember you. Also, if you are in a market where homes seem to be for sale in a hurry quite a bit (near a military base, etc.) then be the first one the buyers or sellers see in your local phone book. Like most business, brand yourself in the beginning by being everywhere, then you just need to remind people that you are around!…

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