Hoop Dreams & Lottery Ticket Property Sales
Hoop Dreams & Lottery Ticket Property Sales
Blog Article
In April 47,250 new and resale houses and condos were sold in the state of California. That's down from 54,500 in March which is a drop of 13.3%. April of 2005 was one of the strongest months for real estate in California's history. What a difference a year makes. Sales were down 21% from last April. Even though sales were down, prices were not.
Understand that as a seller you are the broker's employer. The broker also has by law, a fiduciary duty to you and is charged with trying to get you the best possible price and terms for your property.
The sale price of my house was much higher than the market value of the home at that time in 2010. I had been trying to sell my home since August of 2008 and had been unsuccessful. There were no buyers to be found. My asking price was $139,500 and I could not sell it. How was it possible that copyright was able to sell my home to Freddie Mac for $167,458.72 when the market value of my house in 2010 was between $99,000 and $125,000? Prices of homes in Kingman, Arizona real estate in Marbella. 2009 and 2010 had already dropped by 40% to 50%. What is going on here?
What are we going to do with the Russians my dear friends? As this country becomes more stable and as oil prices move upwards so the middle/upper middle income Russian real estate development. people will become more and more financially able and to turn their attention to the holiday home destinations. The average sale prices per sq.mt. for this type of property that the Europeans usually buy is in the region of CP1.500 - CP2.500 [max.] per sq.mts., the Russian market with a particular interest for Limassol, has even shown prices of CP4.000 - CP6.000/sq.mt. for beach units.
What profit is the land likely to make? This includes making a great return on your time, energy and personal capital that you contribute to the project. In addition to money in your pocket, most good-sized land development projects end up using bank financing, private investors real estate company or service. a combination of the two. Both entities want back good rates of return.
How can it cost you less to sell your home to a real estate investor? Because you are selling real estate directly directly to a buyer there are no real estate agent commissions involved which is typically 6 percent of your sale value. This can add up to tens of thousands of dollars. Instead of paying a real estate agent commissions you are giving some of that money in equity to the new home buyer or investor.
Now, take this a step further. You walk into a luxury goods store where you just want to peruse the merchandise with no particular intent to buy. You are in a "just looking" mode. Get the idea that the manager of the store follows you around every step of the way peering over your shoulder. How soon would you be inclined to make a return visit?
Look for the unique selling proposition of the home and feature it. People love a mystery, the process of discovering something special. Most fine homes have some exceptional features. It is the unexpected that sells them. Do not spoil the surprise by editorializing about it. Just give them a hint. Evoke the participation of the reader with a call to action. That is what makes your phone palacetes de banus ring or your email box full. Do not miss out on the opportunity to make a new friend by answering the query. Better yet, show them the home and let them form a bond with it.