Tuesday, July 23, 2013

Get Helpful Advice About Selling Real Estate With Ease "by Ralph Maupin"

Selling real estate is a profitable and lucrative business venture. Anyone can sell real estate, but before doing so, it is important to have proper information about the market and what it takes to be a salesperson. The information in the following article will tell you everything you need to sell real estate. When renovating a home to sell, repaint all of the molding a bright vintage white. This will draw the eye to the interesting design of the molding, making the rooms feel bigger and brighter. Complex designs in the kitchen and dining room increase the beauty of the room while simple designs make the bathroom and bedrooms feel comfortable. Planting trees is an investment in your homes future. Trees that provide shade are always a great choice for both beauty and for efficiency. A shade providing plant can cut your home's cooling costs by up to 40 percent when it is fully grown. Trees also provide attractive curb appeal for prospective buyers. Throwing a memorable open house party means that no one is going to forget about your home for sale. Think about how many houses prospective buyers are going to view and how quickly the memory of a drab, boring viewing will fade. Make an impression with great food, good music and a grand showing to keep your open house party fresh in their minds. A bidding war, though a little intimidating, is an ideal position for you, as the seller. The more competitive your listing price, the more likely you are to get a lot of foot traffic and a quick deal near asking price. You may get a higher price than what you were asking for if a bidding war begins. Selling your home in today's sluggish real estate market can be difficult, but you can make it easier by improving your home's appeal with some quick and easy fixes. Updated kitchens are a main concern of potential buyers. If yours is outdated and a complete overhaul is too costly, consider having your cabinets refaced. This costs substantially less than investing in new cabinets, and the change can be dramatic. Give your bathroom a facelift with a new pedestal sink and toilet seat. A prefabricated tub surround can quickly make those chipped and dingy tiles disappear. Give the walls of any room a fresh coat of paint in a neutral color. Now stand back, and watch the bidding war begin! If issues come up during the house inspection, when you are trying to sell a house, you have a few options. You can agree to do any work and be done with it or you can have the selling prices adjusted to reflect the fix and have the buyer take care of it. You can adjust the selling price for half the amount, if you feel the buyer should also help in paying for the fix. Finally, you can do nothing and accept that the buyer may walk. Most people are only aware of the first and last option, so it is good to know there are other choices, especially if you do not have time to deal with it, prior to the sale. Offering to adjust the price can help keep the buyer from walking. Your house should be a blank canvas. Just because you love brightly colored walls, a prospective buyer may not. If possible, prior to putting your house up for sale, paint the walls white or another neutral color. A buyer needs to be able to envision the house as their own, which is much easier to do when not faced with your favorite colors. Another plus to painting your walls white is it reflects the light, making the rooms look larger. To get the best value in real estate start by finding the right agent to work with. An agent who works in the business full time is going to have access to better contacts that you'll need than someone working part time in the business. They will know more about the trends in the market as well. An important tip to remember with real estate is that currently, because of the bad economy, new construction is experiencing a lull. This is important to you because it means that you are only in competition against other pre-owned houses instead of an influx of attractive new homes. This should give you the confidence required to sell your home at a good rate. If you are comfortable with allowing potential buyers into your home while you are away, consider allowing your real estate agent to install a lock-box. A copy of your house key will be placed into a locked receptacle attached to the front door; the agent is the only person who can unlock the receptacle and gain entry into your house. By allowing home shoppers to view the inside of the home, you are increasing exposure and are more likely to find a buyer. Including perks in your offer can sometimes help a home to sell faster. Offer to include the blinds or a new washer and dryer. Show a willingness to pay some closing costs or throw in a home warranty. Such perks can be appealing to a buyer and will make you stand out against the competition. Make sure your agent is advertising your home on the MLS and top sites such as Trulia.com and Realtor.com. Also make sure that plenty (six or more) quality pictures are included with each ad. Research shows most home buyers start on the internet, and you want to make sure your property is one they will immediately take a look at. When trying to sell your home, a spa-like bathroom can be very appealing. Creating one doesn't have to be expensive. Make sure the lighting in your master bath is warm and soft. Add some new fluffy towels and a beautiful candle or two. Your potential buyers will feel relaxed when entering the room and become instantly attracted to it. As stated before, selling real estate is a profitable business venture. Anyone can sell real estate with the proper information about the market and the requirements to be a salesperson. By using the information in the article above, you can become a real estate salesperson and successfully sell real state

Sunday, July 21, 2013

Before You Buy A Home, Check Out This Great Advice! by Mark Maupin

Property buying may be a major goal, but it can cause you a headache. This kind of purchasing is not rocket science, but it does require some research, so that you don't end up losing money during a purchase. This list of tips should put you "in the know," to become a smarter property buyer.

Investing in real estate in this market can still make you money. With prices well below the cost to replace the building it has shifted to a buy & hold strategy rather than the fast flipping of previous years. But there are some fantastic bargains available now from their peak prices of 2006.

If you are not in any hurry to buy a home, check the paper for homes that are listed to go up for auction. One homeowner's loss may be your gain. You can get a home for far less than market price by going through the home auction process.

Before you buy real estate, you should spend some time in the neighborhoods the at you are interested in. Locals there are usually going to tell you more about what really happens in the area than a real estate agent who is working on a commission that they only get if the deal closes.

The real estate market is on a roller coaster ride right now, and it's important to make sure you follow it closely when buying a house. Follow the real estate price trends of each area you're considering. Make sure that the real estate values are stable before forking over your life savings for a house.

Keep an account for extra costs that may be associated with purchasing real estate. This normally includes down payments, bank fees, and pro-rated tax. In most cases though, the closing costs include additional items, such as school taxes, improvement bonds and other items specific to the area.

If you have intentions to buy a home, get a copy of your credit report. You need to review your report to make sure that there is nothing on it that can interfere with your loan approval. Errors in credit reports are quite common, and it is best to take of them early.

Avoid beginning any new forms of credit when you are applying for a mortgage loan. When you apply for credit, such as credit cards, there will be an inquiry on your credit report. This can ultimately lower your credit score which could mean higher interest rate for your mortgage loan. You should wait until your closing is complete before you open any new lines of credit.

Keep an open mind about the houses you look at. These were or are someone's home, and while they may not have made the decorating choices you would have, it was their decision. Don't judge a house by its decor. Instead, focus on what you would do if it were to become yours.

Unless you live someplace cold that requires a fireplace, only buy a home that has a fireplace in the family room. Maintenance on additional fireplaces can be cumbersome, particularly if you hardly ever use them.

Never buy a house without getting it inspected. While you may walk through a potential home and not see any problems, you never know what is going on with the actual 'bones' of the house. By hiring a home inspector, you will have someone who is experienced in looking for underlying flaws that you may not see.

One of the most important things to think about when buying a home for your family is safety for children. There are around 2.5 million injuries each year (according to the U.S. Consumer Products Safety Commission), and you don't want your children falling into that category. Look at how many stairs the house has, the outdoor lighting, and if there is a pool outside.

Find a location of rental properties you want to invest in that are surrounded by local amenities such as parks and malls. In a large city, a property near public transportation is especially profitable. The more things to do that are close to the rental property will draw in more potential tenants and allow you to turn a profit quicker than a rental property that is in the middle of nowhere.

Ask everyone you have worked with about the property value. Ask brokers, investors, insurance agents, and inspectors. These people will be able to give you an accurate figure as to where the house really stands on the market. Use this to help you figure out what to offer the seller.

For real estate investors seeking to purchase properties at courthouse auctions, it is always wise to conduct a thorough title review before bidding. In this way, successful buyers will be able to avoid getting stuck with a house that remains subject to unpaid taxes, contractor's liens or additional mortgage obligations.

When purchasing a home you should try to sign a contract that gives you the right to cancel it under certain circumstances. This is a good idea if the lender decides to refuse your loan or if you find out that the house has something wrong with it that is irreparable.

Signing a 6 month or a 1 year long lease can be a tough decision. Make sure that you sit down and meet your future landlord to see that you have a decent working relationship. If the landlord doesn't appear to be courteous or forthcoming in any way, it is time for you to rethink whether or not that is the right place for you to rent.

When you are in the market for some real estate, make sure you hire your real estate agent wisely. Purchasing a property is going to be among the biggest decisions of your life so make sure your real estate agent is someone you can trust and well connected in the industry.

As you can see, there is a lot more to purchasing property than most people think. It requires a lot of work, research, patience and common sense, but it will be worth it in the end to get the property you want. By following the above tips, you are well on your way to buying smarter.



Real Estate Investing and internet Marketing resource sites:
http://www.MegaEveningEvent.com  Real Estate Investing Michigan
http://www.meetup.com/MegaEveningEvent-com  Event site Michigan

Engineering Detroit’s comeback – Speaker Herb Strather



The Art of Structuring a Stabilized Value Transaction


The great recession hit Detroit harder than perhaps any other major American city. When Detroit’s major employers took a hit, the city lost middle class population and the real estate market went into a free fall. Detroit’s neighborhood real estate values is now sitting at 10-30% of it previous value.  Now that the economy is getting better and jobs are returning; how do Detroit and other cities get property values back up?

This is a catch 22 question. It’s like squatting to leap and getting cooked in the squat. Appraisers rely on comparable but banks are still dumping properties at 10-30 cents on the dollar and buyer and seller cannot close deals that they have agreed upon because of the value issues  There are very few good comps that appraiser can rely on.

How can you get good comps and property values stabilized again? I say by foregoing appraisers and using temporary seller financing.

For starters, most comparables in the “D” and many other cities are less than $30,000 which is the minimum loan amount for FHA and most conventional sources, therefore you could have trouble getting a mortgage because chances are you will not get a good appraisal to support the mortgage; furthermore banks do not want to make mortgages anyway because they have to put up cash reserves for each mortgage.

Smart sellers and buyers can get together and both share the upside. How you ask?  Come to this special real estate investor’s network event to get the answers!

Learn how to structure a stabilized value deal and put the equity put in your pocket –TAX FREE!

This approach has several benefits, namely: 

  • It stabilizes market values in the community
  • It enables people whose credit is challenged, time to bounce back
  • It allows the seller to get a fair price and
  • It structures the deal for the buyer to pull out future tax free cash

Now comes CITIBANK with great financing to allow the above to happen more easily, consider this:

  • 30 year mortgages as low as $10,000 (no points)
  • Refinance existing balance after 90 days
  • Refinance 75% after 12 months
  • Scores as low as 580

Come and learn from an expert who is succeeding today --- get the low-down on financing real estate and closing profitable deals in today’s economy.

Event Date:
Thursday Aug 15, 2013
Event Start Time:
6:00 PM
Event End Time:
9:00 PM
Location:
Wayne County Community College Cooper Conference Room 5901 Conner St Detroit, MI, 48213
Primary Phone:
Mark Maupin 248-939-6232
Primary Email:
Real Estate Investing and internet Marketing resource sites:
http://www.MegaEveningEvent.com  Real Estate Investing Michigan
http://www.meetup.com/MegaEveningEvent-com  Event site Michigan

Building your own Website - Step by Step - by Chris Wechner



Step by Step How to Build Your Own Website

Speakers: Chris Wechner and Mark Maupin

4 – 6 pm:  How to build a web site on Google:


  • How to get good ranking
  • SEO - how to optimize for the best results

Mark and Chris will provide a step-by-step presentation on how to build a website using the Google Blogger platform.  This will be done live in class – bring your lap top to follow along, build a site of your own and learn how to make it effective and visible to search engines.

6-9 pm: Presentation:  Using the Internet to Make the Phone Ring

Topics Covered:

  • Attracting the right customers

  • Converting visitors to buyers

  • Why having good Ad Copy is so important on the internet

Event Date:
Thursday Aug 8, 2013
Event Start Time:
4:00 PM
Event End Time:
9:00 PM
Location:
Wayne County Community College Cooper Conference Room 5901 Conner St Detroit, MI, 48213
Primary Phone:
Mark Maupin 248-939-6232
Primary Email:




http://www.internetmarketingmichigan.com  Internet Marketing Michigan

Detroit College Event Free "Television, Radio and Internet Radio Marketing"




The Entrepreneurial Institute and Resource Center has arranged a special treat.  Dave Wes will be sharing his interesting background in television and internet radio advertising. The following topics will be discussed:

  • What is Internet Radio

  • Developing Syndicated Television Shows

  • Making Sales and Commercials for TV, Radio and Internet Radio

  • Getting started in Television and Internet Radio

Dave Wes has been in Radio for eight years. He has also been in television for approximately the last six years.  His show; ‘Dave Wes and Friends’, features a positive spin on things happening in the Detroit metropolitan area.  The show covers politics, small business, health, education, entertainers and professional athletes.

Dave worked at the Detroit Mix station (92.3) for five years and co hosted shows with Steve Harvey, Frankie Darcell, Michael Baisden and Pastor Marvin Winans.  He also had his own show at Detroit radio station 107.5, and additionally co hosted a show there with Mason.

On television, Dave started his show on Comcast cable, then proceeded to TV20 and finally to station WADL.  Dave has a production team for both television and radio.

Event Date:
Thursday Aug 1, 2013
Event Start Time:
6:00 PM
Event End Time:
9:00 PM
Location:
Wayne County Community College Cooper Conference Room 5901 Conner St Detroit, MI, 48213
Primary Phone:
Mark Maupin 248-939-6232
Primary Email: