Category Archives: Real Estate Property

The Pros And Cons With Companies That Buy Houses

If you were to sell your house today, what would you do first? You’d probably go find a good estate agent to guide, advise, and help you find a buyer. That is pretty much the normal thing to do, but as the average time homes stay in the market keep getting longer, some people are turning to companies that buy houses.

They’re called cash home buyers, and they can complete the purchase of a house even at short notice. If you are facing foreclosure, are months overdue with your mortgage payments, or have a mountain pile of debts, you’ll need to raise quick cash, and the fastest way to do that is to sell your house, which presumably is one of your biggest assets, to companies that buy houses.

Without having to depend on banks or any other type of lenders for funding, they have cash on hand that they can draw upon to make a direct purchase of any given property. They can close a sale within a few days if necessary, so if for example, you’re facing repossession, then it’s one of the only options you actually really have to stop it.

And besides, if you’re buried too deep in debt, the only way to get out of it is to make one bold move. In this case, you may be losing your house, but what you should be thinking about is that you’re taking back your life and starting fresh. But if you’re really bent on staying on at your house, then you can find a cash home buyer that offers the option to sell and then rent back.

Even better, because there is no estate agent involved in the deal, the seller can save thousands of pounds he would have paid the agent in commission. Cash home buyers also buy houses regardless of the state they are in, so whether you have a house straight out of the set of The Stepford Wives or one that needs a makeover, they’ll buy it.

The criticism against this type of sale is that sellers are not given the fair value of their home. But try selling to any buyer today and you’re not likely to get any offers with an asking price that is based on what you think your house is worth or what agents say it’s worth. In a market saturated with sellers and with too few buyers, they have the power to dictate the price, and the only way to be able to sell is to drop your asking price. And once you’ve accepted that reality, it only makes sense to sell to someone who can complete the purchase quick (unless of course you can afford to wait until the market recovers).

There’s no exact science to pricing a home, it is one of the easiest mistakes any home seller can make. You have to compare similar properties that are being sold and have been sold recently, make adjustments for differences, and educate yourself about market movements.

Of course, if you choose to sell through an estate agent, they are going to make their own valuations. It is easy to be swayed by one who suggests the highest list price. Who wouldn’t want to be able to make the most out of a home sale? Certainly, in this age of economic uncertainty, anyone would not pass up on an opportunity to earn big. But that is just one of the biggest mistakes a seller can make because in the present reality, the only person whose opinion matters is the buyer who makes an offer.

There is no reason to be afraid to list your house at a low price, it could even work to your advantage. Doing that can afford you to get multiple offers, and that should drive up the price of your house a little bit, giving the negotiating power back to you as the seller. There is very little danger in pricing too low, especially in today’s sluggish market; the danger is in overpricing and choosing an agent based solely on a high valuation.

For information on cash for houses click here.

What You Should Consider Before You Rent Office Space

Renting office space comes with a few additional complexities we sometimes do not think of. While renting adequate space and square footage is a must, there are other issues that have to be taken into consideration when you rent office space. This is not to say you should only weigh options for additional comforts and amenities when you rent office space. (Although, quite honestly, there is nothing wrong with looking towards adding such perks) Rather, you should be sure certain components are in place in order to be sure the prime function of the office runs as smoothly as possible.

Here are some of those ‘extras’ to keep in mind:

Internet access is a must. This does not just refer to getting a subscription to phone line DSL. An office should include access to both a high speed cable hookup and a backup DSL to ensure internet access is never lost. Additionally, a wireless router system should be in place to reduce all those errant cables that make an office look disorganized.

An internet phone and traditional landline phone setup should be in place. Again, you will want both because you never want to have issues with being able to make outgoing calls or accept incoming ones. Such problems could cripple an office.

Does the office contain storage space? Whether you need a full-blown storage room or simple a little extra closet space will be up to your own individual needs. However, it is necessary to have such space available because adequate storage will ensure disorganization, crowding, and other problems won’t occur.

A proper reception room is a must. This means the minute someone opens the door to enter the office, they should be presented with a decent and somewhat spacious reception area. The reception area is the first thing people entering the office will see which is why it needs to be presented in the best way possible. This does not mean you need to go overboard with presenting an elaborate reception area. (The area is generally a transitory one) But, you want it to look impressive and welcoming to those that walk into the office since it creates their first impressions.

Similarly, you will need adequate and proper meeting space in the office. Very few businesses can exist without having meetings with employees or with associates from outside the business. Being crammed into a small room will not cut it. You need to have a decent sized meeting room that can provide the proper space needed to efficiently carry out a meeting. That is a must!

Often overlooked in office space is a kitchen area. This is not so much an amenity as it is a vital functioning part of an office. Really, without kitchen space, where would you get running water from? Never underestimate the value of a kitchen to an office. It truly is a must.

Does that seem like there are a great many components needed to ensure the office runs properly? To a certain degree, there are a lot of factors and components that need to be incorporated when you rent office space. Ultimately, paying attention to these areas can ensure your office runs smoothly and professionally. That certainly would be a positive thing.

6 Successful Tips for Selling Your House Fast

1. Tidy up

Seems pretty basic right? Well, presentation is always crucial. Clean up your house and repair all the small plumbing or wall damages. A useful tip is to half-empty the closest and cabinets and place them neatly as buyers will snoop. Overindulgence in repairs is a big no-no. Don’t go all out in bringing out big changes because you might not get the returns on those things. Try directing light into living spaces. This will definitely brighten up your house. Make sure your house is always “show-ready” preparing you for uninformed viewing. People will never visit twice if they don’t like the house initially, just as the old adage says, “First impression is the last impression”.

2. Avoid personalizing the house

While it is OK to arrange the furniture around the house, avoid personalizing the space. The place should never give an impression that someone still lives here. When you include personal items, like memorabilia, photo frames etc., they cannot imagine themselves in that place. Just stick to arranging the furniture around the house to give the prospective buyers an idea on how to use the space and explore different layouts.

3. Step in the shoes of the buyers

Try to understand what you would look for while buying a house. Try to propagate the plus of your house – be it the location, amenities or any other benefits. Kitchen plays a huge role while selecting a house. Make sure you use that well.

4. Pricing

Next up, after assessing the value of the house, including all the repairs costs, fix a right price for your home. If you have a deadline and you wish to sell your house quickly, decide upon the lowest price you can negotiate till.

5. Be ready

Always make sure your house is in a move-in condition to quicken up the shifting process. Most buyers are in a hurry to shift into their new home. If you are able to close on the home within a short period of time, it will definitely be a huge plus. For sellers looking to sell their home quickly, you have a better chance.

6. Who will sell it

You can either sell your house on your own or hire a realtor. While both have its own pros and cons, it really depends on your situation. If you are under a tight schedule and need to sell your house fast, spread the word to anyone and everyone. You might not know where you will find help.

7. Consider using an investor like Frank Buys Houses Fast.

The Hidden Gem in Real Estate

Now is a great time to buy real estate on Long Island. When considering real estate, most people think of buying a home/condo or renting an apartment. However, one of the best values in real estate today is a co-op. Although much of Long Island real estate has managed to depreciate less than other areas in the country, LI stands an excellent chance to appreciate faster as the economy recovers.

A co-op (or cooperative) is different from owning a condo and can be less expensive than renting. A co-op is a building owned by a corporation and instead of renting or buying a unit, a person would own shares in the building. The corporation holds the title to the building. We enjoy the many benefits of living on the Long Island (such as quality schools, beautiful beaches, great fishing and boating, convenient shopping, and all in a spacious and uncrowded environment) but can find it harder and harder to stay here. Additionally, Long Islanders are savvy business minded individuals who realize that no matter the state of the economy, owning can be far more beneficial than renting. Co-op living is a great alternative for more cost-effective living on Long Island.

As an owner of a co-op, you own shares of your building. This provides the owner tremendous tax advantages. Owners will have the usual tax deduction associated with owning a mortgage. In addition, co-op owners can deduct, in some cases, up to 70% of the total annual maintenance fee off their own income tax and thereby reducing their income tax liability. Maintenance fees usually carry the building’s mortgage, if any, the building’s real estate taxes, and common charges. Cooperative living offers a great lifestyle free of yard work, shoveling snow, costly home repairs, and general maintenance. Co-ops can be a great alternative for those considering downsizing or those who are interested in convenient living.

Most first-time home buyers programs and star programs can be used for ownership of a co-op. Co-ops start around the $150,000.00. Most are updated and modern. You will probably be able to find one suitable for you and your needs.

10 Quick Tips for Selling Your Property

Make sure that you are giving yourself the best chance to sell your property within a reasonable period – rightmove.co.uk recently claimed sellers are taking an average of three months to win a buyer. The state of the property market may be irrelevant if your property does not create a good first impression for a prospective purchaser. Also, having successfully obtained an acceptable price for your property you should take some simple steps to ensure that the sale process is concluded as quickly as possible. The following quick tips are provided to remind you how best to give yourself a winning chance in a difficult market.

o Finish those outstanding DIY jobs, and consider a fresh coat of paint

o Make sure approaches to your doorway are clean, door- knocker and letterbox polished, and hallways clear

o Outside, gardens need to be tidy and the lawn mowed, and external paint-work made clean- perhaps a touch of paint to windows and door frames

o Bathrooms and kitchens help sell homes. So, if you need to replace units (fronts) and other fitments to update, this is a good time; but if your budget is tight you can change some things quite cheaply. New taps, cupboard knobs and handles, small mats, shower screen etc. will freshen things-up a great deal

o Take the opportunity to get rid of unnecessary clutter. Put stuff into storage

o Make sure every room will be shown to its maximum value. For, instance a room capable of being a double should have a double bed in it

o When allowing viewing, you should not have too many people in the property giving the impression of intrusion . And, do avoid cooking fish or spicy foods a short while prior to a visit . Also good is to dispel any smells from domestic pets

o You decide in which order rooms should be seen. Your best room should be the first or the last a prospective buyer sees

o Make sure you have all your paperwork to hand ,home information pack (HIP), any building warranties or guarantees . It should never be your fault that information required by your solicitor when required, otherwise delays will occur and your buyer will become impatient and may go elsewhere. Also, you need to have your mortgage agreed, and survey done on any property you maybe buying so that you are not having to delay things. Keep a good relationship with your solicitor to keep things running smoothly. Apparently, according to the NAEA, 10.7% of sales do not reach completion