Homes For Sale In Nobody’s Price Range

images (30)The housing market took a rough hit in 2008, as the mortgage industry was both the epicenter of the financial crisis and the slowest to recover. In the years since, however, the housing industry has won hard-earned gains. One litmus test that may well indicate just how close to recovered the real estate industry is, is the sale of the “Palais Royale,” possibly America’s most expensive single-family home. The story of the palatial estate itself is a microcosm and reflection of the recession as a whole.

In 2012, the film “Queen of Versailles” debuted to rave reviews at the Sundance Film Festival. The documentary follows a family headed by the wealthy owner of a timeshare company. In 2007, as the film begins, the family is riding a wave of success and building a nearly 200,000-square-foot home. The humble abode of their dreams is modeled after the Palace of Versailles, home of the French monarchy. In the best tradition of nouveau riche opulence, every surface and material used in the structure is imported from some exotic locale. The estate is designed with a 30-car garage, an 8,000-square-foot swimming pool, a 1,300-gallon aquarium, and an 18-seat home IMAX theater. As the great recession hits, however, the family’s fortune begins to evaporate. They are forced to abandon construction and reign in their feverish spending. The movie ends without any resolution to the financial woes.

After the film was released, economic recovery arrived just soon enough for the original owners to keep the property. They finished the Palais Royale so that they were able to put it on the market in early 2014. With an asking price of $139 million, the estate was instantly vaulted into the ranks of the most expensive homes for sale in the country. Unfortunately, the place failed to move and has remained off the market and uninhabited. Nobody, it seemed, had any need for a garish, 17-bedroom faux beaux-arts style dwelling in Orange County, FL.

In late November of 2015, the house went back on the market, for $20 million more than the original asking price. The home was appraised at an undisclosed sum well above $100 million, and the owners clearly believe that fortunes have improved enough over the two-year span to warrant the increased asking price. At $159 million, it tops the list of expensive homes for sale in the United States. If it sells for the asking price, or even close to it, the Palais Royale will likely become the most expensive single-family home in the United States. The current record-holder is the $147 million mansion in East Hampton, recently purchased by hedge fund manager Barry Rosenstein. There are, of course, homes for sale in Europe-actual palaces-that are worth far more, some that have even sold for close to $500 million. Still, the purchase of such an opulent estate would be a strong signal that American real estate is regaining, and possibly surpassing, its value prior to the crash.

 

5 Tips to Consider While Listing Your Property Online

images (29)You might think that listing the property online is really easy; of course it’s easy, but if you do it without the proper guidelines, nobody would bother to take a look at your listed property which ultimately makes your listing a waste. You must be aware that, with the advent of technology, there are lakhs of online property listings today. But how you make your property stand out of the others is what makes it interesting. Here are a few tips to list the property online, following which will increase the chances of your property getting sold or rented out soon.

  1. A Short and Appealing Headline: Headline is really an important thing to be considered while listing your property online, as it’s the first thing people get attracted to. So make sure that the headline is short and crispy, so that it will have a good first impression on the potential buyers. Also, it increases the chances of your ad getting noticed, as a messy or incomplete headline can turn off the buyers.
  2. Provide enough Information: While posting your property, there are lots of things to be considered like the location of the property, amenities, configuration, and furnished/unfurnished status, price and so on. Make sure you explain each of these things in at least a line to make the buyer know more your property. Also, don’t add any information that is irrelevant making your description lengthy and meaningless.
  3. Appropriate Photos and Videos: Have you heard a phrase ‘Seeing Is Believing’? People tend to believe what they see. So make sure you provide some good images and videos that support your property advertisement. The photographs which you provide must have good resolution and must cover both the interior and exterior of the property. You can also add a walkthrough video covering all the areas; it establishes the authenticity of your property.
  4. Property Verification: Get your property verified by the field executives; this establishes accuracy, legitimacy and validity of your property. Getting a verified seal can eliminate the distrust and establishes authenticity. As people are more worried about the fraud properties these days, it’s has been an important thing to be considered while listing the property to show that the property is genuine.
  5. Provide Infra-updates: Provide users the information about what’s around your property like distance to the important landmarks from your location. You can mention the distance to the nearest malls, hospitals, restaurants, banks and other important places. Buyers always like to go with the property with a well-developed market in the vicinity.

5 Top Tips for a Quick House Sale

download (89)If you’re looking for a quick house sale there are some simple steps you can follow which will help you to find a buyer in a timely manner.

Find the right agent:

When it comes to estate agents you’re likely to be presented with a huge variety of options. Should you pick a high street estate agent or an online service? Should you go for a big name, national company or are you better to go with a local independent agent? The main thing is to do your research. Which estate agents have sold properties nearby recently? How quickly did the properties sell? Did they achieve a good price? All of this information can be gathered online using websites such as Rightmove, Zoopla and land registry. Don’t just pick the cheapest service available, choose the agent that has the best knowledge of your area and who will be able to sell your property well.

Price it right:

Everyone likes to get excited about national headlines that refer to rising house prices, but it’s important to not get carried away by national stories and look at your local property market. Speak to a few different agents to get an idea of what your property might be worth, and also do your own online research – but make sure you look at ‘sold’ prices rather than ‘asking’ prices, as these are often very different! The price your estate agent suggests putting your house on the market for will not necessarily be the price they expect your property to achieve, so it’s important to ask your agent what figure you can realistically hope to achieve in terms of offers people are likely to make.

Present it well:

It might sound obvious, but it’s important that your property is presented well if you want to achieve a quick house sale. Make sure you finish off any DIY jobs and give the walls a fresh lick of paint if they’re looking a little tired. Don’t forget first impressions either – it’s been estimated that most potential buyers will decide on a property in the first five seconds, which doesn’t give them time to get much further than the front door. Make sure the front of the property is well presented and gives the right impressions of the property; if you’re aiming at family buyers make your property look friendly and homely, keep any front lawn area neat and tidy and optimise any parking facilities, or if you’re aiming at young professionals make sure your property looks smart yet easy to maintain.

Be flexible:

When it comes to price and timescales try to be as flexible as possible – of course you’re likely to have a minimum figure you can accept and timescales you hope to meet, but a bit of give and take when negotiating with a keen prospective buyer will get you far. If someone is offering you a couple of thousand pounds less that you would ideally like, but are able to move quickly, it’s worth seriously considering their offer – the property market is full of uncertainties so it’s sometimes better to accept less money for a more proceedable buyer, which leads us nicely on to…

Research your buyers:

This is part of the job that a good estate agent will carry out, so make sure you push them gather as much information about prospective buyers as possible. First time buyers and chain-free buyers tend to be the most desirable as they reduce the risk of your buyer pulling out due to chain collapse. First time buyers can also be very keen to move quickly and secure their first home, but they can also be quite nervous buyers, so that’s also worth keeping in mind. Your estate agent should be able to tell you how serious they are about buying your property by asking questions about the finance they have in place, what timescales they’re keen to work within and what their plans are for giving notice on their current accommodation. Knowing as much as you can about each buyer will help you to make the right decision about which potential buy best suits your circumstances and is most likely to deliver that highly desired quick house sale.

Doing These 4 Things Can Make Selling Your Home Easier

download (92)It can be quite a job to sell a house. Many of my friends who have sold their houses have told me about the headaches that come with selling a home. There are so many things to think about. If you are going to sell your home, or think that one day you might. There are some things you can do along the way to ease up some of the stress that comes with putting your house on the market.

Maintain Your Yard

Most homeowners care for their yards. However, some actually do not put as much time into their yards as they should. – And this can be a problem when it is time to sell a house. They let their grass die, and flower beds fill up with weeds. This means when it is time to get the house ready to sell, there is a lot of work to be done. – And it’s hard to get a yard ready in a couple of weeks. So maintaining your yard regularly is a great way to avoid that yard headache.

Maintain Your Appliances

My mom recently moved into a house in the historic district. Everything there was historic… Including her appliances.

Don’t get me wrong, I love older houses, but modern appliances make things easier for homeowners and make your house a lot easier to sell when the time comes. So, keep that dishwasher working well or buy a new one if it is giving you problems.

Paint Regularly

Even though the house flipping reality shows are really popular right now, many people out there who are buying houses are not into totally redoing a house when they move. They have other things to worry about like kids, jobs and well, buying a house. It’s amazing what a fresh paint job can do. So make it a point to paint regularly and keep that house looking nice.

Take Care of Your Roof

This is last on the list, but definitely not any less of a concern when it comes to maintaining your home. Roof cleaning and roof care is extremely important when it comes to maintaining a home. Roofs that aren’t maintained can literally rot and cost thousands of dollars to repair. Also, ugly roofs with green and brown streaks can be the very thing that makes would-be buyers of your home just drive on by while out browsing homes. Who wants to fool with repairing a roof when moving into their new home anyway?

Tips On How To Sell Your House Fast For Top Dollar

download (91)It’s the dream of every person looking to sell a house to sell it as soon as possible and at a high price. Unfortunately this is not the case. In some cases it can take you up to a year before you get a prospective buyer. While its tough selling a house, it doesn’t mean that you can’t sell yours fast and at a high price. Here are tips that will help you do it:

Prepare your house for sale

There is no buyer that will buy a mediocre house. You need to ensure that your house in good condition. One of the things that you should do is keep the house spotlessly clean. Give all areas of the house a thorough cleaning. For a better job, hire a cleaning company to help you out. When cleaning, pay attention to smells.

If you are still living in the house, don’t cook bacon during the day that you are showing it. This is to prevent it from smelling like a fast food restaurant. Also remember to paint the walls and get rid of your personal effects.

In addition to giving attention to the inside of the house also consider the outside. An easy way of giving life to the outside of the house is mowing the lawn. Also plant or place flowers at strategic areas of the house.

Sell your house with a realtor

Once the house is in good condition and don’t want to go the hard way of advertising the house, work with a realtor. When finding a realtor, choose one that has been in the industry for long as he/she understands the ins and outs of the business. He/she also might know people that might be interested in buying the house.

In addition to the professional helping you sell the house fast, he/she will also guide you on the areas that you should fix, clean or remove. This is to make the house more attractive for selling.

According to studies, most realtors sell houses on an average of 6 months. This calls for you to brace yourself to be in the market for at least six months. Also be ready to pay the realtor a 6% service charge.

Sell to a real estate investor

There are many real estate investors in the market that buy houses, renovate them and later sell them. Most of the investors will visit your house and analyze it in order to find its value. They will also identify the areas that need to be repaired/ renovated. Investors are good to sell to if you are in urgent need of money. When working investors be cautious as some of them might try to rip you off. To sell the house at top dollar, repair the house by yourself.

Conclusion

These are tips on how to sell your house fast and at a high cost. Regardless of the professional that you work with, ensure that he/she is experienced and reputable.

10 Great Tips To Sell Your Home Fast

download (90)Check out these great tips to sell your home fast. If you are thinking about selling your home, follow these steps and you will sell your home fast.

1. Price is the most important factor when it comes to selling your home. Over price your home and it will not sell. Every home will sell at the right price. You need to make sure you understand how much homes are selling for in your neighborhood and are they good comparable homes to yours. You need comps for homes that have sold, not listing prices. Homes may be selling for more or less than list price based on the market you are in. Your home will get the most activity in the first 30 days your home is for sale. Many sellers over price their home and miss out on the first 30 days.

2. Pick the right real estate agent. You need to find a real estate agent that you can trust. Selling your home is very important to you and you need someone qualified. You need to find an agent that understands the current housing market in your area. Knowledge of the market will help you choose the right price and strategy to sell your home. You need to trust your real estate agent and be someone you can work with. You need a real estate agent with a strategy to meet your goals and objectives. You want a real estate agent that is motivated. Your agent needs to be motivated to follow up on all showings, return phone calls, keep you informed throughout the process. You also need a real estate agent with relevant experience. Experience is not measured by years as a real estate agent, it is measured by the number of transactions completed each year.

3. You need a pricing strategy to meet your goals. Selecting the right price is the most important decision you will make in selling your home. You will choose a different pricing strategy if you need to sell your home today versus a home owner that has more time. Another consideration is the condition of your home. You should ask yourself these questions,

Do I want to sell my house with these appliances?

Do I want to sell my home with this paint?

Do I want to sell my home with this flooring?

Be careful not to over spend on upgrades. Some upgrades have a positive return on investment others have a negative return on investment. Do your home work and decide what repairs you are going to make.

4. Get the right curb appeal. Buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Stand in the street and take a critical look at your home. Get rid of the weeds, rake the rock, trim the bushes, and get rid of anything that is not needed. How about the paint on the front door, garage door, and trim?

5. The biggest return on investment is clean. Clean the entire home including windows and every corner of the home. Clean your home and keep it clean at all times. I know this sounds simple, however it is the greatest return on investment.

6. Another great return on investment is paint. Painting a room or the house is relatively inexpensive and makes a huge difference in a home. I recommend home owners hire a professional painter unless they are very good painters. You better know how to “cut” all lines perfectly or your home may look worse than when you started.

7. Another great return on investment is to de-clutter your home. Start packing because you are getting ready to move Have a yard sale if you need to get rid of stuff. Remove all your family pictures from your home. Go through each room and remove as much as you can and still live in the home. Your home will feel much larger with minimal furniture in each room. Pack your clothes that you are not using. This makes your closets seem larger.

8. You need to make it easy to show your home. The easier it is to show the easier it is to sell. You never know when someone will want to view your home. Make sure the home is ready to be viewed at all times and make it easy for potential buyers to view your home.

9. Tell everyone you know that you are selling your home. Place fliers any place you can such as work, library, any place they have a bulletin board.

10. You need a plan for your pets if you have them. If some one wants to look at your home, do you need to take the pets out of your home or in a kennel.

The Main Reason to Use Real Estate Dealers When Selling Your House

images (28)At some point in our lives, we have to deal with property. It may seem to be intimidating to many people. This is because everybody has somebody with a real estate deal gone badly. So is real estate business a slippery slope which has to be negotiated with care? Yes of course.

There are many reasons to hire a professional dealer to handle the sale of your property. Let us look at them and decide. The first and foremost reason to hire real estate dealer is that they can evaluate your property for you. They have several ways to do this, based on your house type neighborhood, facilities etc. You may not be able to do this evaluation by yourself and end up under quoting or overpricing your property.

Agents can give you valuable suggestions on alterations or anything you can do to increase the value of your property. This is because they are in tune with the recent market trends. A small alteration and enhancement can go a long way. They look at the property from the customer’s perspective which you may not be aware of.

A real estate agent has time to devote on selling your property. They will be able to show your property to prospective buyers at their convenience. Most of the time you will end up showing your property to strangers and people who have no intention of buying. They may be just checking out the prices. They can separate the grains from chaff in a better manner.

You may not be able to do that with your regular schedules. They have the ability to negotiate better with prospective buyers since they have a better knowledge of your area. They will hold skilled negotiations on your behalf. Also they can provide professional paper work to make the transition easy for you. They will have lawyers who can draw up a legal deal for you to sign off. This will save you from legal implications later on.

The main reason for hiring real estate agents is because they have a large and reliable database of clients. This is because of their goodwill in the market and networking skills. If you try to sell off to people privately, you are missing this good opportunity. Do not try to save on the agent’s commission and end up with a bad deal. Real estate agents are definitely worth the small commission you pay them. They may offer you a discount if you want to buy some other property from them in other area as well.

So go online and scout around for real estate agents. Try to use a large centralized agency with branches in all cities. These people will have buyers from outside your state or even country. So real estate agents are your best bet if you are looking for speedy disposal of property at a decent price.

How to Find Prospects in Real Estate

download (88)1. Know your market

In prospecting, there is such a thing called, ‘Cold and Warm’ market. The cold market refers to people you do not know and have no relationships with. Warm market, on the other note, applies to your family, friends, colleagues, neighbors, and acquaintances. The question is, does it really matter? Some sales agents swore by starting with the ‘warm market’, since they are most likely to give a friendly ear. Others, on the contrary, states that it is wiser to focus on the ‘cold market’ as there are no relationships at risk. Both are true but it all boils down to the agent’s manner of approach.

Warm Market

The warm market list consists of friends, family, neighbors, co-workers, and acquaintances. They are a significant part of a trader’s life and business, so in order to grow profit without hurting relationships, a sales agent must take extra precautions. They may not consider your proposal at first and might even disregard your ‘money talk’. So, it is better to opt for subtle selling to avoid compromised relationships.

Cold Market

Although cold approaches tend to lead to higher possibilities of rejection, it can also feel easier than warm ones. Since you are interacting with strangers, a sales specialist doesn’t have to experience rejection from people they actually know. It is also easier to define if a prospect truly needs the service you are offering.

2. Sort your prospects

A longer list doesn’t always equate to better results. In the art of probing, an individual must keep in mind that a quality list will always win over a more sizable one. But how does one identify a quality lineup? A target client base is classified to be a potential lead if they are already in search of the service that the company is offering and if they have the budget to pay for the product. By sorting prospects, a sales specialist can maximize his time and see better results in a shorter period of time.

3. Create a foolproof script

In real life, a trader only has 10 seconds to get a hold of a prospect’s attention. This doesn’t only apply to cold calling, but to open presentations as well. When a sales agent is prepared, they are able to express their point accurately and even have room for extra tactics.

4. Enrich relationships

When interacting with a prospect, a sales specialist has to build a positive relationship from scratch. Prospects are more likely to be convinced if they were to hear real feedback from previous customers, so this makes testimonials and referrals very valuable in a transaction. Aside from that, once a sales agent has a customer, they should ensure that they preserve the client’s interest in their product/service. By enriching the relationship with and keeping in touch with them even after the purchase, they can appreciate the service that awaits them in the future.

By sticking to these simple guidelines, you can now confidently explore the real estate market. Once you’ve mastered the art of prospecting, you’ll be counting leads in no time.

Olivia Coore is a catapult of ideas waiting to explode. She basically writes about anything she finds amusing; may it be a new found hobby, a recently opened coffee shop, visiting a new place, life goals, documentaries, investing either in personal affairs, such as experience, skills, and travel, or in general trade like real estate, stocks, career and business opportunities. She hopes to find meaning in everything she does and makes her learning available for others to take inspiration in. She is currently working as a Senior Director of Correspondence at an investment firm in Miami, and believes that the best stories are always found between the pages of a passport.

 

Sell Your House Fast for Cash – Is It Really As Easy As The Gurus Say?

download (87)Sell Your house fast for Cash… We Buy Ugly Houses…

We’ve all seen the advertisements… but what is that really all about? It’s a real estate niche called WHOLESALING, and with a surprisingly massive range of exit strategies within the business, which provides the best opportunities for relatively new real estate investors? There are many who insist that wholesaling is the best real estate niche in which to start your investment career, but are they correct?

So WHAT is wholesaling you ask? It simply consists of buying homes for cash. These homes are often distressed and the sellers are often highly motivated. Sellers often are experiencing life situations that make it necessary for them to sell their home quickly, and as a result, they are willing to sell below market value just for the speed of the transaction. The cash buying investor will then rehab the home and sell or hold on to the property and rent it. It is all a numbers game, and homeowners are offered an amount that will result in an investor profit, yielding a return on investment that will more than compensate for the risk taken. Wholesalers serve as middlemen between cash buyers and sellers.

Being that there are so many different avenues to pursue in real estate investing, newbies to the field may often be overwhelmed in choosing the best way to get their feet wet. There are a huge variety of options available to the new investor, such as fixing and flipping homes, acquiring foreclosures with the intent to rent, providing lease options, wholesaling, flipping real estate contracts, or becoming a real estate broker.

The best path or strategy for new investors will depend upon their own personal goals, talents and resources. However, no matter what your long term plan is, there are some very good reasons to start in the wholesaling niche.

Real estate wholesaling has a tendency to be looked upon in an unrealistic fashion. Misinformed individuals perpetuate stereotypes that build up wholesaling as an easy and quick way to make money in real estate investing. According to many gurus out there, wholesaling will make you rich if you just follow their guidelines to a tee. As a result, new investors may delve in with unrealistic expectations, and not focus on what it REALLY takes to be a successful wholesaler.

Wholesaling is all about the marketing. Once the marketing takes off, it is all about helping people out of tough situations. Then, the mathematician takes over and numbers are worked to see what constitutes a profitable deal for your cash buying investors. It is all a numbers game, and if you stick to your numbers without compromise, you will be provide your seller and investor the best possible service in your niche. It can be a win-win situation for the seller, wholesaler and buying investor, but it does take a lot of hard work, determination, creativity and ethical fortitude. It can definitely be gratifying in the end however, and well worth the effort it takes.

How to Make Your House Sell Faster

download (85)Selling a property is rarely a straightforward process as you often have to depend on other people to sign contracts, release funds and not break the chain.

The one thing you do have a degree of control over however is how fast you manage to get your property off the market. Although nothing can guarantee a quick sell, the tips below are all tried and tested techniques that make a house more appealing to buyers.

Curb appeal

They say that first impressions count and this is particularly true when it comes to your house. Think about how you feel when you first drive up to a property you’re viewing. Whether you realise it or not, you will have made up your mind about the house before you even see what’s inside.

If you really want to attract potential buyers, take a good look at the exterior of your house. Does the garden look good? Could the windows do with a lick of paint? Does it look untidy? It can be hard to look at something objectively when you’ve seen it everyday for years so if you’re really struggling, ask a friend what they think.

Upgrades

Obviously you don’t want to spend a huge amount of money on your house if you’re about to sell it but if there are certain things that really hold it back, it’s well worth throwing some money into making changes.

Kitchens and bathrooms sell houses so it’s well worth spending a couple grand on upgrading yours if they’re looking a bit run down. If you can’t afford huge renovations or you simply don’t have the time, small things like a fresh coat of paint, a new carpet, a few simple furnishings or window dressings can really help to brighten up the place.

De-clutter

Removing any clutter from your house is an absolute must if you’re trying to sell it. A property crammed full of furniture seems small and over-crowded and it’s not very appealing at all. You want people to be able to envisage their own furniture in there and they won’t be able to do this if they can barely move.

To appeal to a larger audience, try to remove as much from your home as you can. This will make it seem bigger and more airy which is guaranteed to impress potential buyers. If you don’t have anywhere to store your belongings, simply put them into self storage until you make that all-important sale.

Price your property competitively

Your estate agent will be able to help you with this but unfortunately, people don’t always listen to their advice. Make sure your property is priced competitively otherwise you’re unlikely to get viewings at all. Just because your neighbour’s house went for more money it doesn’t necessarily mean that yours will. Perhaps they have recently done renovations or have a conservatory or an extra garage.

You are more likely to draw people in if you advertise at the market value and if you’re lucky, potential buyers might even enter a bidding war.