How to Use a Buyers List For Real Estate Investing

Using a buyers list in real estate investing can be tricky or very simple if you approach it properly. The tricky part comes when you don’t understand the focus and principal of the list. The simple part is how you collect the names for the list.

A buyers list is used to sell properties to buyers so the seller doesn’t have to wait for people to come to the property through extensive advertising. Expensive advertising includes realtor® commissions. Even at a 5% commission on a sale, this amounts to $25,000 annually on just five sales at $100,000 each. Multiply this by 20, 50 or 100 properties and the numbers are staggering.

In addition, realtors generally use the Multiple Listing Service („MLS“) to advertise for other realtors® to sell the property. These other agents bring their own buyers to see the property and are paid ½ of the commission. All this takes time which can stretch into months or years depending on the area and the price of the property. Investors have to sell as quickly as possible to reduce their carrying costs and get their profit out.

Real estate investors have become proficient in developing ways to sell properties very quickly without paying a realtors commission. The most notable of these is using a buyers list of „hungry“ buyers who have previously expressed an interest in buying wholesale houses, rental units or even rehabbed properties that are ready to move in for retail buyers.

The buyers list is very important to the continued success of every real estate investor. Unfortunately, most do not realize this until they have to sell their properties to a small group of buyers that are not in a competitive bidding situation. This results in the investor not getting as large a profit as he could if the sale was in a competitive marketing situation.

As the investor builds his buyers list, he should categorize his perspective buyers into „sub-groups“ that are essentially niche buyers. These include, but are not limited to, landlords, wholesalers, rehabbers, end-buyers. Each of these groups of buyers will pay different prices for the same property if it fits their specific needs. For example, wholesalers will pay the least because of their wanting to re-sell the property yet again so they must have enough spread to make a profit.

Rehabbers will pay more than wholesalers because they are the target audience for wholesalers and they are looking at the after repaired value („ARV“) for their larger spreads. Landlords are focused on their return on investment („ROI“) from rental income and will generally pay more than wholesalers or rehabbers. Finally, the end-buyers are where the largest profit exists. End-buyers are homeowners who are buying the property to live in themselves.

Each of the various types of perspective buyers can be advertised for or found using normal investor strategies. There are over 25 of these techniques that will find hungry buyers that are just waiting to buy the investor’s property. The end-buyers are fickle in the sense that once they want a home to live in they continue to search until they find one. The landlords are somewhat picky because they don’t always have financing in place to buy more units. Wholesalers and rehabbers are generally always „ready to buy“ if the property is a great deal.

The investor who builds his list must be equally aware of finding properties to offer his perspective buyers – even when he doesn’t have any of his own. He can work with other wholesalers, rehabbers and landlords to sell their properties and partner in the profits if a buyer comes from his list. By offering properties that are „good deals“ as frequently as possible, he can make a living without having to find, rehab and re-sell to the retail market.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Dave Dinkel

Firs Time Home Buyer Grants – Free Mortgage Assistance

Buying a new home is both exciting and scary, but first time home buyer grants can provide a little help with your down payment of mortgage and relieve some of the financial pressures that comes with buying a new home. New home owners are often surprised to see exactly just how much cash is needed in order to buy their new home. If you underestimated or are coming up short, obtaining first time home buyer grants is a great way to quickly come up with the money needed when buying a new home.

Typically a bank or mortgage lender will require at least a 20% down payment on a home. That means if you are looking to buy a house for $150,000, you need at least $30,000 just for your down payment. In addition to that, you’ll need thousands of more dollars to cover closing costs, taxes, title transfers, attorney fees and other real estate fees. That’s where first time home buyer grants can help.

What exactly are real estate grants?

Grants are not loans. This is typically tax payer money that has been set aside by your local or state government to help with various purposes. First time home buyer grants are provided to help individuals make home ownership a reality and provide some as stance with what might be the biggest purchase of their life.

The great thing about receiving a grant is that these are funds to help you with your down payment or mortgage that never have to be paid back. Because there is no repayment, often times applying for a real estate grant does not require a credit check, income verification or any kind of collateral. There are specific terms you’ll need to agree to, such as owning your home for at least 3 years, but otherwise the money is provided to help you with your purchase.

A first time home buyer grant is not intended to substitute a mortgage loan. While it is possible to obtain as much as $20,000 to help buy your new home, you will likely still need a home mortgage. But the cash you can obtain through a mortgage grant can be a tremendous help and provide instant equity in your new home.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Austin Warty

Purchase A Home With Free Downpayment Assistance Grants

First-Time Home Buyers Assistance

Florida Housing is a State Financing Corporation created over 20 years ago to help Floridians obtain safe, decent housing that might otherwise be unavailable to them. Their „First-Time“ Homebuyer Program provides low interest mortgage loans and financial incentives throughout the year, for eligible homebuyers who haven’t owned a home as a primary residence within the past 3 years.

Program Highlights

The program offers low-interest 30 and 40 year fixed-rate loans, downpayment and closing costs assistance as well as access to credit counseling.

Teachers, firefighters, healthcare workers, police officers, as well as active duty and veteran military personnel could be eligible for lower interest rates.

Eligible applicants include individuals who:

 have never owned a home,

 don’t claim their mobile home as real property,

 haven’t owned a home as their primary residence within the past three years,

 have established credit worthiness,

 have an annual income that does not exceed program limits.

Downpayment Assistance

Florida Housing offers two downpayment and closing cost assistance programs in the form of second mortgage loans, and one in the form of an upfront cash assistance to help eligible homebuyers cover their downpayment and closing costs.

Downpayment Assistance

Programs: Offers Up To:

(Income limits apply)

FLORIDA ASSIST PROGRAM $10,000- Applicants with annual income at or below 80% Area Median Income

ASSISTANCE FOR MODERATE INCOME (HAMI) $5,000-Applicants with moderate income

The City of Orlando offers a Downpayment Assistance Program, available to low and moderate income first-time homebuyers for the purchase of a home within the City limits of Orlando. Depending on the gross household income, assistance may be $10,000, $20,000 or $30,000.

Teachers and public safety personnel, who are moderate income, may qualify for $20,000 of assistance. City of Orlando employees, teachers, and public safety personnel who are purchasing homes within the city limits of Orlando do not have to be first time homebuyers. Purchasers must occupy the property as a principal residence for at least ten (10) years. The downpayment assistance becomes a grant once the period of affordability has been satisfied.

Orange County provides funds to qualified first time homebuyers for down payment and closing costs associated with purchasing a home. The program provides assistance to qualified low and moderate income persons in Orange County on a first come, first ready basis. The program also requires that potential homebuyers complete a pre-purchase and post-purchase education program.

The buyer must:

 Meet the income requirements. Annual household income cannot exceed 120% of the area median income.

 Provide at least $1,000 of their own funds.

 Complete a home buyer’s education seminar.

 Secure first mortgage financing.

The property must:

 Be new or existing and located in Orange County, outside the city limits of Orlando.

 Not exceed a sales price of $219,000.

 Receive competitive fixed rate financing.

 Be fee simple ownership.

The assistance:

 Maximum ranges from $20,000 to $35,000 depending on household income.

 The County’s assistance is provided to the buyer’s closing agent at closing in the form of a soft second mortgage at 0% interest which is forgiven after fifteen (15) years if the home remains owner-occupied.

 In addition, the total first mortgage and Orange County’s second mortgage may not exceed 105% of appraised value.

Home Buyer’s Education Program

All participants requesting down payment assistance must attend a free Homeowners Education workshop. This provides education and technical services to assist eligible low and moderate income families in the process and procedure connected with the purchase of an affordable single family fee-simple housing unit. Homebuyers Education addresses such topics as choosing a realtor, qualifying for a mortgage, inspecting a house, contracts for sale, home maintenance and credit issues.

The Orange County Finance Authority is a government organization that provides mortgage financing with lower interest rates than what is available in the market. Their financing products reduce long-term mortgage costs. Plus, if eligible, you may obtain additional down payment/closing cost assistance from other sources along with this financing!

In order to qualify for home financing, certain eligibility requirements must be met:

 You have not had an ownership interest in a primary residence during the previous three years. (Unless the property is located in a federally designated „Targeted Area“.)

 Property must be owner-occupied for the term of the loan or until the property is sold.

 Have the legal right to permanently reside in the United States

 Meet credit and loan requirements

 Do not exceed the income & purchase price limit

 Veterans can waive First-Time Homebuyer Rule

City of Kissimmee Community Redevelopment Agency offers financial grants to new homeowners within the Community Redevelopment Agency district (CRA), in order to provide economic support to the downtown businesses. It is designed to attract new residents to targeted areas within the Community Redevelopment district. There will be no income limitations placed on the granting of these funds.

Funding will be granted based on establishment of owner occupancy of the subject property. The grants will be given on a first come, first served basis after certain qualifications have been met.

The agency offers financial grants to eligible employees of employers in the CRA Overlay District on a first come, first served basis to be used towards the purchase of a home. Plus, there are incentives for Teachers to be used towards the purchase of a home in the CRA Overlay District on a first come, first served basis.

Osceola County provides funds to qualified first time homebuyers for downpayment, closing costs associated with purchasing a home, and financing with lower interest rates than what is available in the market. The program provides assistance to qualified low and moderate income persons in Osceola County on a first come, first ready basis. The program also requires that potential homebuyers complete an education program.

The buyer must:

 Not have owned a home in the last three years.

 Attend a Home Buyers Orientation Session and complete a Home Buyers Education Program.

 Have a minimum of $1,000 to contribute toward the costs of buying a home.

 Have an annual income that falls within the area median income guidelines as defined by the U.S. Department of Housing and Urban Development. Additional terms may apply.

The property must:

 Must be located in Osceola County.

 New home or existing homes must not exceed $200,000. If within the City of Kissimmee homes must not exceed $240,000.

 No mobile homes.

 Manufactured homes must have DCA insignia seal.

 Must be a single family home, condominium, town home or villa.

The assistance:

 Maximum ranges from $39,000 to $69,000 depending on household income.

 The Loan is provided to the buyer’s closing agent at closing in the form of a soft second mortgage which is forgiven after ten (10) years if the home remains owner-occupied.

Repayment of the loan becomes due if:

 Borrower defaults on the first mortgage.

 The house is sold refinanced with equity cashed out.

 The house is rented, leased, subleased or ceases to be owner-occupied prior to the end of the loan period.

 No Home Equity Line of Credit borrowed against the property.

Home Buyer’s Education Program

All participants requesting down payment assistance must attend a free Homeowners Education workshop. This provides education and technical services to assist eligible low and moderate income families in the process and procedure connected with the purchase of an affordable single family fee-simple housing unit. Homebuyers Education addresses such topics as choosing a realtor, qualifying for a mortgage, inspecting a house, contracts for sale, home maintenance and credit issues.

SHIP Program (State Housing Initiative Partnership)

The State Housing Initiatives Partnership (SHIP) Program provides funds to produce and preserve affordable housing through the creation of a partnership between the public and private sectors. The funds are derived from the collection of documentary stamp tax revenues, which are deposited into the Local Government Housing Trust Fund. Based on a population-based formula, SHIP funds are distributed to local governments each month.

These funds are available to Home Buyers through the Downpayment Assistance programs above.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Devinee Peraza

5 Tips for First-Time Home Buyers

If you are a first time home buyer, you may want to have the right strategies to save a down payment, apply for a mortgage, and buy a house that you desire. Just like any large project, you need to get the details right for a successful home buying experience. With these steps, you can navigate the process and get a great deal. Given below are some of the tips that can help you purchase the best home. Read on to find out more.

1. Start Saving as Early as Possible

Make sure you start saving as soon as possible. This way you will have plenty of money to spend on the best house. You need money for making a down payment and meeting closing costs and move-in expenses. Generally, the down payment is 10% of the full value of the property.

2. Decide on your Budget

Find out how much you can spend on the property prior to starting your search. You can use an affordability calculator in order to set a price range on the basis of a lot of factors, such as your credit rating, down payment, and income, just to name a few.

3. Work with a Real Estate Agent

Working with a reliable real estate agent can help you check out homes that can meet your needs. They can make it easier for you to negotiate with sellers and get the best deal possible. You may also want to get referrals from other home buyers. We suggest that you interview at least five agents and ask them for references. Make sure that the agent has at least 10 years of experience in the field.

4. Go for the Right type of House

You may want to compare the advantages and disadvantages of different types of properties based on your budget and lifestyle. Unlike a single-family home, a townhome or condominium can be a much better choice. Another great option that you may want to consider is a fixer-upper. They come with lower price tags. But you may want to set some money aside for remodeling these properties.

You may want to consider your long-term needs, especially if you are planning to expand your family. In other words, you may want to purchase a house that has additional rooms.

5. Stick to your Budget

You may not want to spend more than what you can afford. Therefore, it is not a good idea to spend more than what you can payback. This is important if you want to avoid financial stress in the future. It is better that you consider properties that are priced lower than your maximum budget.

Long story short, if you are a first-time home buyer, we suggest that you follow these steps and you will be able to buy your first home without getting into trouble. Just make sure you have set a budget and taken into consideration all the important pointers given in this article.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Shalini M

A First-Time Homeowner’s Guide to Building a Duplex Home

A duplex home is a beautiful asset. Many people dream of having a duplex home but only a lucky few get the chance to actually have it. Those who are looking to build a home for the first time can consider a duplex house. But since they are new in home builder hunting, they have a high chance of coming across professionals who are not really scrupulous. Such professionals look for the opportunity to work with a first-time homeowner because first-time homeowners usually don’t have clear ideas about what it really takes to build a good duplex house.

If you are planning to own such a house, do not plan big at the beginning. Keep in mind that there will be problems in the masonry, plumbing or wiring. No matter how well-built the house is, there will be these problems. So, aim for a small duplex property.

However, if you compare the pros and cons of a duplex house, the pros will outweigh the cons. The good things about duplex houses are more in number than the bad things about them. But you need the right builders to reap the benefit of all the good things. Many reputable builders are there who specialize in duplex buildings. They usually erect duplex buildings in upscale areas of the town. You can hire them to build your duplex home, regardless of the place. If you can build a rapport with the builders, you can avail their services at reduced rates.

Before hiring the builder, you should do some research on their earlier works. Check their credentials and licenses. Make sure that they are who they say are. Bear in mind that efficient and reliable duplex house builders are not really easy to find.

Good planning is very important for a good duplex home. The architect has to chalk out a thorough plan that would suit your interest as well as get all the necessary permits from your local councils. Australia is a place where people are always on the lookout for a good duplex house. You need to find an efficient planner who can draw a fine floor plan for you. A skilled architect can maximize space in your home’s floor plan. They can make best use of the land and even leave room for landscaping, gardening or a patio.

As you may know, several structural limits are there that you have to abide by. For instance, you have to build your home in such a way that makes good use of space and does not encroach on your neighbors‘ properties. The planning should not have any negative impact on the environment. Therefore, it is just as important to find an experienced architect as it is to find a reputable duplex home builder. Many people are building duplex homes today to enjoy two different homes on one block of land. The biggest benefit of this is that you can sell one of the homes and live in the other. That’s a remarkable monetary benefit. Not only does it cover your construction costs and brings in more money than what you had invested, it also lets you live on the land that you own. But to impress today’s home buyers, you need more than just quality home joinery services.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Avishek Bhattacharjee

Flat Fee Listing 101 – Know The Facts Before You List Your Florida FSBO Flat Rate In The MLS!

Who are you going to believe about how the flat fee MLS industry works?

There are four „business models“ offering flat fee MLS listings in Florida:

1) National Website: They are not licensed in Florida but collect money and then refer you to a Florida discount real estate broker-who gets a portion of the fees collected. National websites are competent business enterprises that usually have a real estate broker’s license in one state but not in all states.

2) Florida part-time amateur flat fee website: There must be 70 or so of these „websites“ in Florida. They are licensed real estate brokers that do flat fee listings part-time or are testing the waters to see if they can make a few bucks at flat fee.

3) Florida broker that is masquerading as flat fee: They seem like flat fee but their business model is not consumer friendly and I see their business practices as questionable. They may or do take your buyer leads from Realtor.com and other sources for their own agents; or possibly charge a cancellation fee as high as $500; or hold your listing hostage until you pay up ($500) by only „conditionally“ withdrawing your listing from the MLS if you attempt to cancel and move to a full-service agent – your listing will be trapped in this „conditional“ status until you pay the ransom of $500.

4) Florida licensed flat fee MLS broker that is established, trusted, transparent and paperless, specializes in Internet marketing and offers real customer support.
(Note: There is more than one trusted MLS flat fee firm in Florida but there are also plenty of firms that do fall into the # 2 and #3 categories above as well.)

Flat fee MLS requires more than simply inputting a listing into a local MLS…

1) Flat fee MLS sellers in Florida are 100% driven by control. They want their MLS listing correct at all times.

2) Third party websites such as Realtor.com, local MLS systems and IDX feeds to local real estate brokerage firms must be monitored constantly because listings do fall out of these systems. Technical glitches happen frequently.

3) Sellers make adjustments to their listing such as pictures, price, commission and their property descriptions. There are needed forms such as mold, lead-based paint and property disclosures.

4) The Florida Flat fee MLS broker is charged with the responsibility of buyer lead capture, agent showing requests, Internet marketing, trouble shooting, customer service, negotiating, editing and peace making. Flat Fee MLS brokers must be prepared to dedicate their time and energy.

Flat Fee MLS brokers must be prepared to dedicate their time and energy…

1) Taking $200 bucks and throwing a listing into the MLS as an afterthought is not what flat fee should be about. There are more moving parts that make up a „real“ flat fee MLS company than one can imagine. For example: Last week, Orlando Regional MLS just took over Venice Board of Realtors. When they did this conversion, it knocked out 53 Realtor.com „showcased“ properties from Mid-Florida Regional (Orlando area). It occurred on a Thursday evening and took the resources of the vice-president of Mid-Florida Regional and the Director of Operations and many phone calls to straighten out the major glitch.

2) Amateur or part-time flat fee MLS „website“ operators might not have the resources or experience to deal with such matters.

3) The flat rate MLS broker must be prepared to back up the customer with support and market effectively on the Internet.

4) If the MLS discount broker requests that you print out forms, fill them out and fax back, this means they have put no thought or investment into on-line automation. This means listing changes, edit, status changes will all be fax this-fax that….back to caveman days.

What to look out for before you list flat fee

1) If the flat fee MLS „website“ does not display the „listing agreement“, that should be a warning.

2) Carefully read the listing agreement „beginning-to-end“ before you give any flat fee company money whether a National or a Florida based service.

3) Understand the process and policy about how buyer leads from Realtor.com and other sources get to you, the seller, if at all.

4) Realize that many calls do go to the flat fee broker. As many as 70 calls a day can come into a flat fee MLS broker. Miss one, that could be your sale.

5) Consider and verify what the hours are for the flat fee MLS service.

6) Flat fee websites that offer just one marketing option are really just a „website.“ There are many marketing approaches besides just a basic MLS listing. What about marketing directly to Realtors®. For example, if a seller wishes to offer a 4% buyer’s agent commission, does the flat fee service provide a way to promote this higher than average commission? Some flat fee services do offer a Realtor eblast program which sends about 12,000 or so emails to all Ft Lauderdale, Miami, Orlando and Jacksonville real estate agent every 15 days. This is an effective marketing approach and Realtors do respond.

7) Flat fee sellers should think about contract representation. Contract-to-close flat fee programs help get the deal done faster. Having a seasoned real estate professional handle the contract negotiations results in a smoother transaction for the seller, as well, possibly netting a higher sale. One of the trickiest parts of negotiations is the possible- subsequent re-negotiations after the inspection. Negotiating an inspection report does mean re-roofing the house because some inspector or Realtor® says the roof is at the end of its „useful“ life. There is an art to getting the buyer’s agent, the buyer and the seller on the same page. As well, there are some important nuances that do help get more Realtor® showings such as allowing the flat fee broker to schedule showings (more professional), using an Exclusive Right of Sale (not Exclusive Agency Listing Agreement) and use a professional looking metal sign.

How to flat fee list in Florida and stay out of trouble

1) Read the listing agreement.

2) Call the flat fee service and ask how they handle buyer leads.

3) Call and verify the hours of operation.

4) Ask if there any penalties or conditions if you cancel the listing.

5) Ask if the listing company will „unconditionally „withdraw your listing from the MLS if you choose to cancel and go with a full-service agent.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Keith Gordon

Do You Need IDX for Your Real Estate Website?

You’ve probably come across many articles, bloggers, and some internet marketers saying you don’t need IDX on your real estate website. Their reason is that the top 10 real estate websites led by Zillow, Trulia, and Realtor.com, account for about half of all website traffic, and therefore, it is „useless“ and „a waste of money“ to try to compete with them.

The term IDX gets thrown around a lot. When people hear IDX, they automatically think it’s just home search for your real estate website. While property search is the main component of IDX, many don’t realize how to utilize it to the fullest and the valuable lead-generating tools it provides.

Besides providing home search on your website, I’m going to explain some reasons why IDX is a must-have for any real estate website.

„Product“ of Your Business

When speaking to real estate professionals, I always make this analogy. As a real estate professional, you are a business. You can think of your real estate website as your „store“. The MLS listings on your website are your „inventory“. The listings are all the products that exist in your „store“ where visitors can browse around and purchase. What happens when you have somebody visit your „store“ but you have no product to offer? That person would do exactly what you and I would do… leave and go somewhere else where there is a product to look at and possibly purchase.

These are valuable leads you will be losing if you don’t have IDX on your real estate website. Unless you are solely generating business on referrals, your website (store) must have IDX (product).

You Can Build Listing Pages

IDX gives you access to all the hundreds to thousands of listings in your MLS. Like I mentioned above, this is your inventory, and it’s like having thousands of products on your website.

Having access to all the listings, you can create listing pages that focus on specific search criteria. For example, you can create a listing page that shows all listings under a specific price. Or you can create a listing page that displays listings in a specific subdivision, area, community, or school district. These listing pages provide a better experience for users in that they help direct your real estate website visitors to listings they are looking for. Even more valuable is that these listing pages are search engine friendly which is what I will talk about next.

Generate Leads from Google Search

All of your IDX pages that a platform provides are SEO friendly and are indexed by Google, Bing, and all other major search engines. This means all the listing pages within the IDX system are indexed by Google and is an excellent source of organic leads. For example, for one of our clients, we created an IDX page that displays homes for sale in the school district of Squires Elementary.

Look at what happens when you Google

„Homes for Sale Squires Elementary School District“

Yes, our client using our website with IDX is ranked #1 out of 1,640,000 Google search results above Zillow and Realtor.com!

With IDX you can build hundreds of these real estate listings pages and all of them will appear in Google search results! Do you still think you can’t compete with Zillow?

Platform and Tools for Your Clients

IDX is much more that just property search for your real estate website. Many oversee or are unaware of the valuable tools that you will be providing to your clients. IDX takes your real estate website to the next level by providing a platform for your clients. Your website visitors can create an account right on your real estate website to utilize the IDX tools such as saving favorite listings and favorite searches. It’s an experience that your clients expect and will always come back to.

Automatically Email Latest Listings to Your Leads

An IDX system will be able to send your leads the latest listings automatically by email based on their search criteria. You can think of this as lead nurturing with listings. The user can define searches themselves right on your website in which they want to receive the latest listings for. This is a completely automated process that will stay in touch with all your leads. When they see a listing they are interested in, they just contact you.

A Place for Your Existing Clients to Come Back To

If you’ve built a relationship with your existing clients, they will use your real estate website when they are looking to purchase a home again. They already trust you and your website is familiar to them. They will already have an account within your IDX system where they can just log in to perform their searches and utilize the tools you provide. If you don’t provide home search on your real estate website where will all your clients go? Yes… somewhere else.

Landing Pages + IDX = Powerful Lead Generation

Utilizing landing pages is a very popular method of generating leads especially on Facebook. When you combine landing pages with IDX, you create a very effective and powerful lead generating system.

You can create listing pages within IDX and utilize those pages for your landing pages. For example, you can promote a landing page that gives users access to all homes under $600K in the city of Clairemont. When a lead completes the form of your landing page, you can direct them to a listing page in your IDX system that displays these listings. Without IDX on your real estate website, a system like this would not be possible.

Offering a Much More Personal Experience

Large real estate websites such as Zillow and realtor.com are very commercialized and can be intimidating to a user. Your website is much more personable and offers trust and a level of comfort. Since your website will be focused on an area, this will also be much more familiar to your website visitors as they will know you are a real estate expert in the area they are looking to purchase.

Do you need IDX on your real estate website? YES. IDX is a must-have for your website for all the reasons mentioned above. The cost of having IDX on your website is very minute compared to all the benefits you will get from it. Closing just one deal generated from your website with IDX can pay for your IDX and website service for 5-10 years!

All you have to do is look at the websites of the most successful real estate agents. Do they have IDX on their real estate website?

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Michael Yee

Townhouse or Condo – What Is the Difference?

Between a townhouse and a condo, there is a lot of difference. Everyone dreams about owning a home some day and if you are considering either of these as your first, or maybe your last, home it is important to know what each one is and how they differ.

Townhouse

It is a type of row or terraced house that is similar in shape and size and will usually share common walls. They are considered a single-family residence with each having a separate entrance. When you buy a townhouse, you are buying a special unit from a long line of properties that are similar. In historic Ireland and UK, it was a house for aristocrats inside a capital city that they used when they had to attend parliament sessions or during social functions.

Condo

It is also referred to as a condominium and is a type of housing tenure that also means common ownership. These were a part of a certain estate that are sold or leased to a tenant. The owner of the whole estate did this. Today it is a term used as a substitute for special unit, or apartment that are leased or purchased.

Major differences

• Ownership specifications-when you own a condo you will be the legal owner of everything that is inside the interior and if the condo owner wants to use the rest of the amenities, they must pay a monthly fee to the condo association. All members who own a condo form this association.

• Property taxes-the one that owns the condo also has to pay property tax on their individual living area but the townhouse homeowner has to pay not only for their living area but also for the ground on which it is built. This can mean that the cost for a townhouse may be higher than the price of a condo.

• The townhouse owner will have to pay a sum to a homeowner’s association for the maintenance of the complex but the monthly dues that a condo owner pays takes care of the overall maintenance without paying an extra fee.

• Structure of the home-mo matter what size of a townhouse that you purchase it is located on the ground level. There are no more floors on top except for maybe a terrace or it could be built in a different style of architectural like Cape Cod. The condo is usually located in a two or three floor complex. It could also be in a luxurious high-end multistory building along with exotic views.

• Condos are safer than townhouses as they are surrounded by a close neighborhood

• Townhouses offer more privacy as you are not surrounded by a lot of neighbors.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Lora Davis

New Luxury Homes for Sale – Steps to Acquiring Your Dream Home

New luxury homes for sale may not be for everyone, but many people continue to strive for more spacious and more lavish homes. Not even the economic recession stopped homebuyers from wanting to go big. This is why there are many new luxury home builders offering roomy custom-built homes for competitive prices.

The definition of luxury real estate is changing. Back in the day, a luxury home or real estate is a property priced at the upper 5-10% of the real estate market. This may be true today, as not everyone can afford deluxe cottages and extravagant mansions that new luxury home builders create. These builders simply extended their services to accommodate the growing demand for bigger homes. Today, they offer to build quality custom single-family homes and townhomes as well.

New luxury homes for sale are perfect for those who can afford it because you will be getting only the highest quality. Most luxury home builders have their own in-house architect that design energy-efficient yet still comfortable houses. They also offer extensive warranty for each property they build. They will conduct repairs for free during the first year, fix mechanical systems such as electrical wiring and plumbing the next, and offer warranty for structural elements by the tenth year.

New luxury home builders follow a strict process when offering their services to homebuyers. Familiarize yourself with some of the basic steps to acquiring your own lavish property.

Selection and Financing. The first step to finding any home is shopping around for builders and their designs. You will choose your own site and floor plan at the beginning. Their in-house architects will then ask about the customizations you want. You will then discuss financing options. Many builders offer their own in-house mortgage, making their company a one-stop shop for homebuyers.

Pre-construction Planning. Your builder will assign a project manager who will guide you through the entire process. Together, you will create a schedule and set different milestones. You will use these milestones later on to gauge whether or not the construction is going on time. They will ask you to review your selections one final time before beginning the building process. Part of the pre-construction planning is taking you to the site. They will explain your layout and give you an initial idea of how big your luxury house will be.

Pre-Drywall Inspection. You will not have to be there for the inspections the law requires, but builders will ask you to inspect the framing before they install the drywall and any mechanical systems. You will see the quality of construction and get a feel of your home for the first time. Visiting the site at this stage of construction lets you adjust the design and make changes easily.

Pre-Settlement Walkthrough and Delivery. The next time you will see your home is when it is complete. Your project manager will familiarize you on the features of your new home, as well as address any questions and issues you may raise. You can move into your new home after the closing process with your contractors.

Post-settlement reviews. Respected home builders will not stop their service after they finish building your new abode. They will visit after a specific period of time has passed and check how you are settling in. You can ask them any questions regarding your home’s construction and features, which they will address promptly.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Patrica Archer

How Any Real Estate Agent Can Generate New Leads & Listings from Foreclosures

The title to this article is a pretty bold statement, but if you’ll allow me a couple of minutes of your time today, I’ll show you how you can take advantage of a brand-new Real Estate niche that most Agents don’t know about. It’s not that they aren’t aware of it; it’s just that they haven’t put two & two together.

This new source of Real Estate Leads could mean another 100 – 600 new, very motivated (Seller) Leads that are desperate for your professional help. And that’s only for a market of 100,000 homes. You’re market could have even more.

Why hasn’t this opportunity been available before?

Well, before now all the pieces were not readily available. Today, the technology is in place, the turnkey business-in-a-box-training-systems are available, and the market for this business is very ripe & growing.

Foreclosures will be the next big thing in Real Estate Leads

We are often asked by our Coaches Corner{tm} Newsletter Subscribers (350,000+): „What’s the next big thing going to be for Real Estate Agents?“

Well, if you asked me that question specific to Real Estate Lead Generation, I’d have to say Foreclosures & PreForeclosures are going to be the next big thing for New Real Estate Lead Generation.

You’ve probably already heard that Real Estate Foreclosures, as of April 2007 U.S. Foreclosure Market Report (published by RealtyTrac® – the #1 online authority for Foreclosure data), are up by 62% nationwide from April 2006. Some states are up by as much as 3,325% (New Hampshire).

Real Estate Foreclosures Rates continue to grow

Recently USA Today printed an article about the fact that 75% of the new home mortgages in California are No-Doc-Loans (some industry experts call them liar-loans). These No-Doc-Loans allow the homeowner to use stated income and often allow them to borrow more money at higher debt-to-income ratios than they could traditionally. The no-doc loans have become very prevalent in the last couple of years and are now widely used nationwide.

In my opinion, the majority of these liar-loans are Real Estate Foreclosures in embryo. It’s likely just a matter of time before the homeowners get into trouble and fall into Foreclosure.

Over a Million Real Estate Foreclosures Each Year

According to RealtyTrac®, with whom we’ve established an exclusive partnership, the number of Foreclosures will likely exceed 1.2 million this year if we continue at this pace. To read the complete May 15th, 2007 press release for RealtyTrac®’s U.S. Foreclosure Market Report click here.

What this means for the average Real Estate Agent in a market with 100,000 households is that about 127 new properties will enter some state of Foreclosure per month. Some of the not-so-average counties will see 431 new foreclosures per month for those same 100,000 households. So, that means that there will be 14 new Real Estate Foreclosure Listings per day per 100,000 households.

If you had the home seller information in a timely manner and were equipped to deal with this specific type of lead, it could mean 100 – 500 brand new leads every month in a market with 100,000 households.

Most Real Estate Agents don’t know how to handle prospects in Foreclosure and usually see them as junk prospects. So, there’s very little competition for you in this niche if you become a Real Estate Foreclosure Expert.

Couple that with a very highly motivated home seller, and you have a recipe for New Lead Generation Success.

Do you know your State’s Foreclosure Rate? If it’s only the national average, you’ll have 1 Foreclosure for every 783 households like quite a bit of the country? How many households do you have in your market, and what does that equate to in Foreclosures? A whole lot no matter where you live!

The Foreclosure Rates are growing almost everywhere and there are already an enormous amount of potential leads for you where you live, so take action and equip yourself with as much information as you can on Real Estate Foreclosures. The information will help you carve out a brand new niche in Real Estate Foreclosures in your area and help you grow your Real Estate Business.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Dan Matejsek

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