Property Selling: Getting the price right

November 23rd, 2012 § 0

The most important part of the real estate selling process is the tag price. If you do not price your property home right, potential buyers will skip your listing. So how do you know that you have priced your property reasonably.

The buyers do not care so much about the memories about your home or how much you acquired it for. What is most important for them is if they can afford your house. The property may mean so much to you but remember you are selling your property and not the home you know.

Going on rate

You need to know what are the other houses in your area selling for before you can even put a tag price on your house. You can ask a professional to evaluate and price your house or you can also check out the other listings on websites. Look at other houses in your area with similar features and see how much they are selling for.

Location

The property’s value depends greatly on its location. If you are near a beach or across an earthquake fault line will dictate much about the pricing of your house.

Market trends

You need to look at what is happening in the real estate market. Is the house you are selling for in a country hit by a financial crisis or is it in a place where properties are being put up every week. You need to know the demand for properties so you know if the buyer will bite the offer.

Incentives

If your property has been on the market for sometime and it has not been sold, then you might want to re-think your pricing. You can try lowering your price and mention it on your listing as a big discount. Buyers love discounts. You can also add furniture to magnet more buyers.

Things to consider when buying a vacation home

June 19th, 2012 § 0

ocean-viewBuying a vacation home is a big financial decision you need to ponder well. Here are some things you need to consider if you are planning to purchase a vacation home:

Location

You will ask your self “where is the good place to get a vacation home?”. You need to determine whether you will be using it or will you be renting it out. Most buyers actually get a home which is within driving distance from their home. Proximity is a major factor if you plan to visit the property frequently.

You also have to weigh the risks of renting it out. Do you really need to make an income out of it? Buyers of vacation home also need to foresee if the property will fit into their lifestyle in the future.

Finances

Dreaming where to buy a vacation property is one thing, but doing the math and seeing if you can afford it is another. You need to crunch the numbers and see where will another home purchase put your finances. You need to think of the financing for the vacation home, insurance you need for it, and the cost of maintaining another property.

Investment

A lot of people see a vacation home as a form of investment. Due diligence is key so you can maintain the value of the property in the long-term. If you cannot afford your dream vacation home right away, you can go for a rental property nearby and make it a financial nest to build your funds, until you can afford the vacation home of your dreams.

Taxes

You need to consider the effects of your second property to your taxes. This may vary where you are and where you are buying. Just make sure that you are familiar with the tax laws and your responsibilities as an owner to avoid any hassles.

How to Find Cheap Luxury Property in Hawaii?

June 17th, 2009 § 1

Hawaii VillaHawaii is notorious for its expensive real estate and for many the properties available are simply too expensive. Among the reasons for this is the prime location, good views and the limited number of properties for sale on the Hawaiian Islands. That does not mean, however, that there is no cheap property and if you know what to look for then you will be able to find cheap property in Hawaii.

One way to find cheap property is to go to Hawaii and check out the private sales in the area you want to live in. If someone is selling their home without using a real estate agent, then the prices is usually a lot cheaper since no commissions have to be paid. Private sellers also are more willing to negotiate with you and there is a higher chance of making a good deal.

You should also look through listings in local newspapers and flyers, since there are often places for sale that you do not find on the internet. These are also more than likely cheaper than what you find listed on real estate websites. This is due to the fact that it costs less to advertise property in printed form.

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