First impressions Count When Selling Your House

Poor street appeal can stop a house sale in its tracks. That all-important first impression is often the deciding point as to whether a prospective buyer walks through the gate, or drives off never to return.

Many home owners find it difficult to find faults in their own property and the problem is, real estate agents are often reluctant to point out the faults through fear of upsetting the vendor. Unfortunately this approach does no-one any favors.

My recommendation to home sellers is to critically eye your property and be upfront with your agent. Ask them to give you their honest opinion. Ask for a list of positives and negatives about the property and reassure the agent that you want honest and critical feedback. If the agent fails to criticize anything, then challenge the agent to be blatantly honest. However, in saying this you need to be prepared to accept any criticism and not punish or hold grudges against the agent for his/her honesty.

Also, take a stroll and take notes on how your property compares to others and what it would take to make your property stand out. You could take a friend with you to help point out a range of minor changes you could make to add up to a great first impression.

This approach to selling your home serves several purposes:

1. Encourages an honest upfront working relationship with your real estate agent.
2. It helps you identify the strengths and weakness of your property.
3. It helps your compare your property with others in a similar range.
4. It identifies problems that could possibly be remedied.5. It could reveal some positive ideas for improving the street appeal.
5. It prepares you for the likely feedback from buyers.

Remember, any criticism is not necessarily a criticism of you, it is simply an honest appraisal of the current situation. You can either ignore it, or do something about it to help sell your house.

Get The Family Involved When Relocating

Relocation from one home to another can be a stressful time for everyone affected by the move. To help the process go smoothly it is a good idea to get all the family members involved to work together as a team. It often pays to discuss the issues of making new friends and leaving old one's, the changes involved with changing jobs and schools and other common issues. This way everyone in the family realizes they are not the only one affected and that everyone is coping with similar issues.

Even before the house is sold a family team approach can kick in. The family can set a goal of always presenting the house at its best. This is especially important as potential buyers may want to view the property at almost time in the sales process.

Each family member could take responsibility for his or her part of the house as well as sharing responsibility for keeping the rest of the house in good viewing condition.

Beds need to be made, toys put away, the garage being keep tidy, the lawn mowed, leaves raked, dishes washed and put away etc. It will possibly mean some personal sacrifices like getting up a few minutes earlier in the morning, or tidying up before going to bed.

Including rewards can be a great way to motive children into taking part. The reward process could include daily checks on room tidiness with a treat promised for when the the house is sold.
This is often better than reprimanding children and getting them stressed when the house is on the market. A quiet, peaceful, happy household is what a buyer wants to see - not a stressed, angry and noisy environment. You want the buyer to want to live in your house and approach the sale in a positive and relaxed manner.

How Does Your Property Rate?

Before putting your home on the market for sale it pays to take a critical look at how others might view your home.

You be the judge.

Imagine your house is entered into a 'home of the year' contest. Get out a clipboard and take an inspection tour of the entire property – inside and out. Judge each room out of 10. Note any minor repairs that are needed. Note down any areas that need cleaning or painting. Prepare a 'TO DO' list.

Why Seek Legal Advice When Buying Or Selling Property

When buying or selling property don’t rely on friends or family members to give you accurate legal advice. Always get independent legal advice when buying or selling a property. Your real estate attorney should be able to guide you safely through a minefield of legal bits and pieces. He or she will help with the intricacies of writing a contract. A real estate attorney can explain the implications of certain clauses and why each clause is necessary.

Your legal attorney will show you the correct way to write a contract so as to protect your rights as the buyer or seller. He or she will hopefully ensure that any such contract is as “water-tight” as it possibly without scaring off the other party in the transaction. After all, you don’t want the buyer or seller reneging on the contract – you want the property deal to proceed!

Your legal advisor will also be able to inform you of specific laws or requirements relating to the state or country where you live. For example, in most states in the USA, Title Companies close most real estate transactions. A Title Company can be an excellent resource for handling the mechanical aspects of closing real estate transactions. However, as I understand it, Title Companies cannot give legal advice to either a buyer or a seller.

Most Title Companies will employ the services of a real estate attorney who you should speak with. The title company can generally handle the rest of the transaction, but a real estate attorney is the only one who you should be getting legal advice from.

As I said earlier, the legal aspects and ramifications of a real estate transaction can be a minefield for the unwary. Don’t skimp on getting competent legal advice. ALWAYS, ALWAYS, ALWAYS use a real estate attorney.

Read how a Real Estate Attorney can guide you through a mine field of legal traps when buying or selling property.

Consult With Your Mortgage Specialist When Selling Your Home

If you have a mortgage then it pays to consult with the person (or company) that loaned you the money for the house. This could be a mortgage broker, a banker, a lender or for the purposes of this we’ll call them a mortgage specialist. If they can’t help you, or if you don’t want them to help you, then you might need to look for someone else who can.

It is important to find out how selling your home will affect your mortgage commitments. Will you be repaying the mortgage early? Will there be penalty charges for early mortgage repayment? Can the mortgage be transferred to the new property you are buying? What are the terms and conditions of the mortgage?

No doubt you will need someone who is knowledgeable and truly professional to help you with these and other mortgage questions. Friends or associates may be able to recommend someone who fits the bill. A mortgage specialist will have the knowledge to help you complete the transaction smoothly.

Why Pre-qualify Your Buyers When Selling Property

Don’t waste valuable marketing time on a buyer who can’t get a loan. Pre-qualifying interested buyer’s is essential and it is something your banker or mortgage specialist should be able to help you with.

For example, each time I have sold a business, I’ve always asked for a letter from the potential buyers banker before releasing commercially sensitive information. I would always ask for an assurance that the buyer has access to sufficient funds to purchase the business. I would always say to the buyer, “I want proof you have the ability to buy my business.”

Selling a property is somewhat similar. It is imperative you pre-qualify an interested buyer. It would be stupid to let someone who is not able to get a loan, tie up your house sale up with a contract that is never going to be finalized. That would be a waste of everyone’s time and could potentially lose you a genuine sale by a genuine buyer.

A mortgage specialist could give you guidance as to whether a buyer can afford to buy your house. They will be able to tell you if the buyer would qualify for a mortgage and if it is worth proceeding further with the transaction.

Plan For The Unexpected

We are living in turbulent times, so it pays to plan for the unexpected when buying or selling property.

Circumstances can change, the economy can change and the market can change. Although many things will be beyond your control, some things can be predicted, budgeted for and managed.

An opportunity (or problem) could present itself at any time. It is best to be prepared to grasp opportunities, or nip problems in the bud before they get out of hand. Plan for the unexpected if you possibly can.

A Change In Circumstance Cause For Property Sales

Many property owners sell their home due to difficulties in meeting their required loan and interest payment commitments. In other cases, properties get sold due to changed personal circumstances such as matrimonial problems, illness, bereavement etc.

Before rushing out and selling a home, the property owner should always carefully examine all the options.

Alternative Solution: If you are experiencing major life changes you could consider selling at a later date.

Pros: Sudden illness, a family bereavement, or marriage breakup is stressful and can trigger a rethink in your financial position. Rather than be rushed in to selling your property, it may be make more sense financially to hold-off selling right now. This is especially true if the real estate market is depressed. A marriage breakup could require you to refinance to pay off your partner’s share of the equity in the property.

Cons: If the market is buoyant and near its peak, a delay may cost you dearly especially if there is a sudden downturn.

Escalating Costs Of Keeping Your Current Home

Many home owners decide to sell because of expensive monthly mortgage interest payments. In many cases the home owner has little choice and need to sell to avoid a mortgagee sale. In other cases, refinancing a loan may be a sensible alternative to selling. If you are planning to sell your home because of expensive monthly payments, you could investigate the possibilities of changing the loan term, repayment amounts, or dates.

If you don't want to sell your home, here is another alternative solution in our series posted on this blog.

Alternative Solution: Depending on your circumstances and the location and type of home - renting out part of your home could be an option. You could buy another house in a less expensive area.

Pros: At times when the property market is on the way up, your home might be worth holding on to as a longer-term investment instead of selling it. This is especially so if you are considering buying in a lower-priced neighborhood. By not selling you’ll also save on real estate costs.

Cons: You will need to be in a position to carry another home loan as well as your current mortgage. Also, by waiting to sell, you may be disadvantaged when the market and prices level off.

8 Answers To Selling A House And Why You Need To Think Carefully Before Selling A House

Google Maps Helpful Real Estate Search Tool

If you haven't yet done so, have a look at Google Maps, because it can be a helpful tool in searching for real estate to buy. Agreed Google Maps is no replacement for a hands on property inspection, but it can save a lot of wasted time searching real estate listings.

Here is how it works: You simply go to Google Maps and type in the street address of the property and zoom in on a street level view of the property. You can move the photo East, West, North, or South - whichever way the street runs. You can rotate the camera around to view neighboring properties.

The big advantage is that you can get a "feel" for the neighborhood and street appeal without needing to visit the property.

Here is how you could use Google Maps In Your Property Search

Imagine you are thing about buying a property in another State or Country. You could start by searching for properties that meet your search criteria on various real estate listing sites. If you find a property that interests you, you can read all about the property and look at all the fancy interior photos of property. If after doing that, you are still interested in the property, you could contact the real estate agent, or you could search Google Maps before contacting the agent.

Google Maps would give you a good idea of the standard of neigboring properties, terrain, plantings, location in relation to sun, schools, shops etc. Google Maps could save you a lot of wasted time visiting properties that sound good, look good from the fancy interior photos, but are in a poor neighborhood or location.

As I said earlier, Google Maps is one of many tools you can use when searching for a property to buy. You should not rely on Google Maps to make the decision for you - it is a valuable tool to help with your property search.

As at September 2008 Google Maps is available in Australia, Canada, China, France, Germany, Italy, Netherlands, Spain, the U.K., and the U.S.

There's also full Maps functionality in Japan, with the exception of driving directions, and limited functionality for China.

There's map data from Google Maps available in these countries: Andorra, Austria, Belgium, Brazil, Czech Republic, Denmark, Finland, Gibraltar, Greece, Hungary, Ireland, Liechtenstein, Luxembourg, Monaco, New Zealand, Norway, Poland, Portugal, Russia (Moscow only), San Marino, Singapore, Slovakia, South Africa, Sweden, Switzerland, Turkey (Istanbul only).

Read this real estate article about LOCATION, LOCATION, LOCATION.

Buying A Smaller Home To Meet Loan Repayments

Many people sell their home due to difficulties in meeting their required loan and interest payment commitments.

Before rushing out and selling your home it is always best to carefully examine all the options. Sometimes the home is too big so, even though you like living there, you may decide to sell-up and move to a smaller/cheaper property.

Alternative Solution: Renting out part of your home could be an option. Alternatively you could rent out the entire house and buy a smaller house to live in.

Pros: If local property values are on the rise it might pay to not sell your home right now. By renting your home out you might gain some tax benefits and be able to claim rental expenses.

Cons: Becoming a landlord takes some work and can have its problems. You will need to find good tenants and keep the property in good renting order. You may need to consult a tax advisor, carry liability insurance and you will be required to keep good financial records.

What To Do When The House Is Too Small

Need more space than is in your current home?

Alternative Solution: Consider remodeling existing home rather than buying a new one. A more open-plan style may provide more living space. Consider enlarging, or adding, a bedroom or bathroom.

Pros: Remodeling should improve the resale value of your home. It will also save you agent’s fees and other costs associated with moving. You may need to use your home equity to finance the project.

Cons: Remodeling may mean an increase in the property taxes you pay. There is also the danger of over-improving your home. Some people fail to recoup their investment when they come to sell.

16 Quick, Low Cost, Home Improvement Ideas To Help Sell Your Home

Financing Home Improvements

No money available to upgrade your home?

Alternative Solution: Refinance or consider applying for a home renovation loan.

Pros: Renovating and improving your home can increase its market value. This could prove to be a good investment for when you do decide to sell.

Cons: Increasing the value of your home may also increase the amount of property taxes you pay (depending on the laws in your country).

Refinancing A loan Instead Of Selling

Many home owners decide to sell because of expensive monthly mortgage interest payments. In many cases the home owner has little choice and need to sell to avoid a mortgagee sale. In other cases, refinancing a loan may be a sensible alternative to selling.

If you are planning to sell your home because of expensive monthly payments, you could investigate the possibilities of changing the loan term, repayment amounts, or dates.

Pros: Refinancing can provide a home owner with more options. If you have owned a home for several years and have not refinanced, you may be able to refinance at lower interest rates and significantly reduce your monthly payments.

Cons: Refinancing essentially resets the clock on your loan. This may cost you money over a period of time, however it is worth doing some calculations and investigation what is best for you based on your current situation.

What Are The Alternatives To Selling Your Home? What About Mortgage Refinancing? Find out more.

Seek Help When Selling Your Own Home

When selling your own home yourself you shouldn’t try and do everything on your own. I don't just say this to promote Realtors, because I am also refering to getting the right advice from financial and legal experts. There are several pitfalls to avoid when selling your own home FSBO.

Also, be aware, selling your own home alone can be disheartening and in many ways scary. You have to shoulder the responsibility all by yourself.

The key therefore, is to find the right people who can help you through the sale and closing process. Accept that you can’t do all the things necessary to close the transaction yourself. There is a lot at stake, so it is important to seek qualified help, in order to get things right.

UK House Prices Slump For Eighth Month

30 June 2008.

House prices fell for the eighth month in a row during June. The latest figures from leading building society, Nationwide, showed the average cost of a home in the UK slid by 0.9 per cent during the month to stand at £172,415 - annual growth falling at its fastest rate since the 1990s crash.

The housing market downturn has now wiped more than 7 per cent off the value of homes compared with the peak hit last year.

This continuing downturn has added to speculation that the once-booming housing market may crash with some economists forecasting price falls of 15 to 20 per cent this year.

House Sitters Wanted Around The World

House sitting is a win-win for homeowners and house sitters providing free accommodation in 50 states around the world.

Making yourself available as a house sitter could be your first step towards spending a week or two in your favorite vacation spot in France, Spain, Australia, New Zealand, Canada, UK, USA, or some other country without paying for accommodation.

There are various house sitting directories on the Internet where you can find house sitting jobs, or find reliable house sitters to look after your own home. You can search online for house sitter jobs, or place a listing for a house sitter wanted.

Click this link to read how to become a house sitters, or advertise for a house sitter wanted.

Choosing A Top Real Estate Agent

Read 13 Questions to help you select a top real estate agent to sell your home. Top real estate agents won't necessarily charge any more to sell your property - they'll just do a better job. This article explains how to interview real estate agents when selling your property.

Read the full article about Choosing Top Real Estate Agents.

About MLS Online Listings

The term Multiple Listing Service (MLS) refers to a database of real estate listings. Home buyers can search Multiple Listing Service listings online for properties. An online MLS search provides detailed information about real estate listings.

Read the full article about Multiple Listing Service Listings.

Real Estate Training Courses Online

There are also online real estate training course to teach you what you need to know to prepare for the real estate exam in your state.

Whether you choose classroom training or online real estate training, it is important to ensure that it's a legitimate real estate school recognized by your state. Online real estate courses and Real estate schools do not issue licenses upon completion of your training. In almost all cases, a real estate school will prepare you for a real estate licensing exam, but the exam is offered by the state.

Read the full article about Real Estate Training.

What If The Appraisal Comes In Under The Offer Price?

When buying a house, it is always possible that the appraisal will not measure up to your offer. The cause may be the condition of the home or the location.

Questions will then need to be asked including: Are you offering too much for the property, why didn't it value up and are reasons serious, will your financing fall through, will you need to find more money, will the seller drop the price?

Firstly regarding your borrowings. The mortgage lender (presumably a Bank) will generally take a conservative approach and value the property on the low side of your expected range. So, you need to discuss the appraisal, with regards financing, with your mortgage lender.

Regarding the price you are offering. A lot depends on what clauses you put in the contract and whether or not you get out of the contract. Purchase contracts can usually be amended and changed. That is why is always best to seek professional legal advice when signing any legal contract.

A low appraisal can be an excellent negotiating tool if if the appraisal comes in too low. A low appraisal could be the perfect opportunity for negotiating a lower price for the property. You should also seriously question why you are buying the property and whether you should complete the deal if the price is out of line with the appraisal.

Negotiating is what your agent is being paid for. Make the agent earn their commission.

Just because the appraisal comes in lower is not a bad thing. It gives you, the buyer, negotiating power for a better deal.

Foreclosure Negotiation Strategies

Foreclosure negotiation strategies can be helpful in avoiding foreclosure. It is in the lender's best interest to to avoid foreclosure and negotiate foreclosure strategies, or restructure mortgage loan terms.

Read the full article about Foreclosure Negotiation Strategies.

Glossary Of Foreclosure Terms

Read definitions for some commonly used foreclosure terms like: Bank Owned, Foreclosure, Pre Forclosure, Forbearance, Short Sale, Sherriff’s Sale, REO and Redemption Period in foreclosure sales.

Click here to read the glossary of foreclosure terms.

Foreclosure Properties Save Buyer's Thousands

If you are buying a foreclosure property, or any property for that matter, always calculate the total costs of purchasing the property. Buying foreclosure properties (bank owned properties) can be a good investment, but you need to buy wisely.

Read the full article about buying Foreclosure Properties.

Banked Owned Properties - A Risk Or Not?

Do those advertisements for 'foreclosure properties for sale' represent good property investments, or are foreclosed properties a risky gamble.

Whether you make money from foreclosed Bank owned properties depends to a large degree on the quality, location, condition and price of the particular foreclosed property.

Read the full article about buying Bank Owned Foreclosure Properties.

Homes For Sale In Your Price Range?

When buying a property, a home buyer generally has a set budget based on a pre-approved mortgage loan limit.

The vendor will attract home buyers trying to find homes for sale in the a set price range. There is no point in the vendor overpricing the property and missing out on attracting buyers in the correct price range.

Read the full article about how to find homes for sale in your price range.

Find A House For sale That's Not Overpriced

Whenever you are trying to buy a house in a particular price bracket, you'll find overpriced houses for sale. Optimistic home owners, who have set house prices based on wishful thinking rather than reality, own them.

Read the full article about Finding A House For Sale That's Not Overpriced

Bargain Hunters Chase Homes For Sale By Owner

Sometimes, homes for sale by owner FSBO are priced low to get a quick sale. A owner may have health problems, marital problems, or financial problems and need to sell quickly.

If you are willing to take the time to hunt out homes for sale by owner, you can often get a bargain.

Read the full article about Finding Homes For Sale By Owner

Pricing Your Home For Sale

Price is usually the most critical factor in an house sale. Just as you want the best value for your money, the buyer of your home will want the best value for his or her money too.

A home buyer doesn’t care about how much money you might want or need. The home buyer only cares what the home is worth to them. What you want or need has no bearing on the current market value of the home. Your home is only worth what someone is prepared to pay for it.

Read the full article about Pricing Your Home For Sale

Find Homes For Sale In Your Price Range?

When buying a property, a home buyer generally has a set budget based on a pre-approved mortgage loan limit.

The vendor will attract home buyers trying to find homes for sale in the a set price range. There is no point in the vendor overpricing the property and missing out on attracting buyers in the correct price range.

Read the full article about how to find homes for sale in your price range.

Comparing Recent House Sale Prices

When buying a house, not only compare house prices based on what houses recently sold for, but also find out average house prices and real estate trends in the area.

It is not just a case of comparing house prices, it important to compare the recent sale prices of similar houses in the same area. The emphasis is the word 'similar', as there is no point comparing a 1 bedroom apartment with a four bedroom family home.

The more you know about the market before you make an offer, be the better chance you have of buying well and not getting ripped off.

Click the following link to read the full article about comparing house prices.

Falling House Prices Affect Housing Affordability

Several factors can affect the price of housing and housing affordability: the national and global economy, the local economy, mortgage interest rates, employment levels, income levels, tax rates, consumer confidence and inflationary pressures etc.

When interest rates rise, at the same time as the economy goes into a downturn, problems can develop for homeowners. They can face both the problem of high mortgage costs and falling house selling prices. This can have a positive and negative effect on housing affordability.

Read the full article on housing affordability here.

Buyer Thought Home Too Personal

When selling a home, the buyer needs to be able to imagine they are living there. If the home is filled with personal memorabilia belonging to the current owner, it can be off-putting for a new owner.

When presenting your home for sale, think of who a potential buyer might be. A buyer will need to feel comfortable in your home, rather than as if they are invading your personal space.

A potential buyer will need to feel as though he or she is looking through their future home as opposed to just visiting your home.

Too many family photos, or many personal items can make a buyer feel uncomfortable, and just want to leave.

Increase In House Sale Prices?

An increase in house prices is an increase in consumer wealth. This is because; a rise in housing sales and home values generally has a positive affect on consumer spending, and economic growth.

An increase in house prices makes homeowners feel richer and they eventually start to spend more money. This can be inflationary.

An increase in homeowner wealth can increase the demand for home loan restructuring. When the property value increases, the homeowner can often access a bigger loan against the value of the house.

Click here to read the full article on house sale prices.

Selling A Home That Feels Like A Home

When marketing a home for sale it is important for the buyer to be able to imagine himself/herself living in the house. After all, people don't buy houses, they buy homes. To ensure a successful sale, a home needs to be priced correctly and it needs to be welcoming.

Trying to sell an empty home can be difficult. A house must feel like a home. It is difficult for a buyer to make an emotional connection with an empty house. Without furniture, it may be difficult to tell the scale and size of a room and what it could be used for.

An empty house can look unwanted, unloved and focus buyer attention on negative details like: a water stain on the ceiling, or a crack in the wall. If the house has already been vacated hire some furniture, or to pay for some home staging, to make the home look lived-in and inviting.

Click the following link to read the full article on selling a home.

Choosing The Right Agent For Buying Or Selling A House

Should you choose a Rookie agent who has 2-3 years of experience, or a long established real estate agent with years of experience under his or her belt?

Well, it really depends on the individual real estate agent. For that reason you might want to do a little background check on both and talk with previous clients.

Everybody has references. Even new agents have references from previous employers. Ask to see testimonials or references. Ask if any of the people providing references are related to the real estate agent. Ask if you can call the references with additional questions.

In order to gain trust and get business, a new agent may go the extra mile in making sure that you get a good deal. A lot depends on whether a new agent taps into the resources and experience available at the office where he or she works.

A more experienced agent might avoid potential problems before they happen. But, is the agent a lazy 10+ year veteran, or someone who is too busy to give you the attention you deserve?

Whether you choose an experienced agent or a new agent, there are advantages and disadvantages either way. The important things is to find a real estate agent who is willing to work closely with you to make sure that all goes well.

You need to be comforable with the agent and be confident that the agent has your best interests at heart. If the agent is new to the game, then you may need reassurance that he or she has ready access to the necessary resources and experience to ensure a successful outcome.

Keeping Your Options Open When Signing A Real Estate Contract

How To Find Out What Prices Homes Have Sold For In Your Neighborhood

Ask a real estate agent for a Comparative Market Analysis (CMA) because a real estate agent will normally have easy access to records of property sales in the local area. The real estate agent will search a radius around the property and will be able to tell you the high and low values in your area.

A CMA can serve as a guide to establishing a reasonable listing price when a property is placed for sale. The price is established by comparing the property to similar properties that have sold in the area within the past year.

However, a word of warning: just because a neighboring property sold for a particular price, doesn't mean all properties in the street are worth the same amount. And, just because a neighboring property is for sale at a particular price, doesn't mean that it will sell for that price. This is why it still pays to talk to an appraiser to get a more accurate accessment of what a particular property could be worth.

Although it's more time-consuming, sellers in the US can find the comparative sales information by visiting their county courthouse.

Although county records do not always list values on their transactions, they will give you a good indication of how many properties are selling.

Before you put your home on the market to sell... decide how “SERIOUS” you are about selling your home.

Real Estate Sales Contracts And What To Look For

The first thing to clearly understand when signing a real estate sales contract, is that IT IS A CONTRACT, and not just an offer to buy. You are signing a a legal contract.

Most sales contracts will have some paraphrase of the following: "This is a legally binding contract. If not understood, seek competent advice before signing."

IMPORTANT: This real estate blog does NOT purport to give any kind of legal or financial advice. So, tread carefully and seek your own professional legal and/or financial advice.

There are common things to look for in a real estate sales contract although they may vary depending on where you live. Generally however, most real estate contracts will include some of the following aspects:

1. A legal description of the property as well as the street address.

2. The selling price.

3. Deposit details. How much money accompanies the contract and who will hold it.

4. Acceptance. How long the sellers have to respond to the offer by either declining, accepting or returning with a counter-offer.

5. Possession Date. The exact time and date when the buyers take possession of the property either before, at or after closing.

6. A mortgage contingency. The contract being subject to the purchaser obtaining a mortgage (if applicable). It could include specifics of the mortgage such as the amount, rate and term. The specified number of days in which the application is to be made.

7. Inclusions and exclusions. A list of what is and is not included in the sale of the property.

8. Provision for a home inspection. Contingency for and to be done in a specified number of days.

9. Warranties Details of any warranties that are included with the house.

10. Provision for a termite and pest inspection being undertaken along with details on who will pay and if there is infestation or damage and who will arrange the repair.

11. Arbitration provisions in case of disputes.

12. Closing details. When and where.

13. Insurance. Who is responsible for insuring the property up until the closing date.

14. Property Disclosures. Notices of any property disclosures concerning the house.

The contract could also include other clauses like special provisions relating to condominiums etc.

This is a guide only and the list is by no means complete. Contracts will vary depending on where you are located and on the nature of the transaction, which is precisely why you should always seek professional legal advice before signing any legally binding real estate contract.

Click here before your signing a real estate contract.

Indianapolis And L.A. In US Home Affordability Study

The National Association of Home Builders (NAHB) survey for the three months ended June 30, 2007 showed Midwest cities to have the most affordable housing.

Indianapolis was the most affordable of the major housing markets, where $122,000 was needed to purchase the median home. Indianapolis scored a rating of 86.8 in the survey meaning that approximately 14 percent of homes purchased were unobtainable by an average family.

By contrast, only 3 percent of the Los Angeles homes that sold were considered affordable for a typical family. In Los Angeles $530,000 was needed to buy the medium home.

The survey considered housing affordable when the housing expenses were no more than 28 percent of income. These expenses would have included insurance, property taxes and mortgage payments.

3 Problem Areas When Buying A Home

Buying a residential property is usually the biggest investment most people make, so it is important to be on the lookout for potential problems. These could cost you big money or make the property difficult to resell.

If you are selling your home, then look out for problems that could become a potential deal killer. An astute home buyer may walk away from a deal, or demand a lower price, if the property has structural or maintenance issues.

3 areas that can be picked up on a home inspection report are:

1. GUTTER AND DOWNSPOUT'S INSPECTION

• Make sure the gutters slope down toward downspout's.
• Check for any rust or peeling paint.
• Are there apparent leaks or loose/sagging sections?
• Are the downspout's extended away from the foundations?
• What type of water supply, piping and drains does the property have?
• Are there any visible signs of rust and corrosion?

2. LOT AREA INSPECTION

• Does the grade slope away from the house?
• Are there any settled/low areas next to the foundation?
• Are there cracks in the walkways or driveway?
• Is the property lower than the street or neighboring properties?

3. BASEMENT INSPECTION

• Is there any evidence of water penetration (stains, mildew/odors, efflorescence, loose tiles etc.)
• Are the foundations of good stable quality?

These are just some of the points to look for when buying or selling a home.

Here is a link to a helpful article about home inspections

Electrical Services Often Overlooked When Buying A House

ELECTRO-MECHANICAL CONSIDERATIONS

The quality and reliability of electrical services is an important consideration when buying a house. Unfortunately this is something that homebuyers often don't take a lot of notice of...and it can end up costing them thousands in repairs and maintenence.

So, before putting in an offer to buy a house carefully consider the style type and age of heating & cooling systems. Try and establish when they were last inspected or serviced (or even if they have ever been serviced)? If in doubt get an professional inspection report from an electrical contractor or a registered home inspection company.

When buying a house it is important to ascertain the age of electrical services. Is the visible wiring in good condition? Are the outlets grounded? Have there been any upgrades to electrical services?

Here is a handy 14-point indoor home inspection checklist.

Will A Real Estate Agent Help You Find Other Professionals?

Yes, many real estate agents will have a list of professional you can consult with.

When arranging any legal or financial transaction you may already have a list of professionals who can help you. You may be best to consult with the professionals that you have previously had dealings with as opposed to finding new contacts.

If you don't already have a list of professionals to call on, your real estate agent should be able to supply you with a list of professionals including: property attorneys, mortgage brokers, home inspectors, accountants and title companies.

If you see the term "affiliated" it could mean that the real estate agent, or his/her broker, is receiving a commission from one or all of professionals. Although this is not necessarily a bad thing, you need to determine whether or not you are paying a premium for the service in order for the agent to be compensated. You also need reassuance that the professional is competitive, independent of the other party and capable.

Ask the real estate agent to explain why he or she recommends these professionals.

Find Out How Your Real Estate Attorney Can Guide You Through A Mine Field Of Legal Traps When Buying Or Selling Property.

How Many Houses Has A Real Estate Agent Listed And Sold In The Last 12 Months?

Watch out for the real estate agent who has dozens of listings and two or even three office assistants. Is he or she just playing the numbers game? Does this agent work on percentages, knowing a volume of listings will result in a certain percent sales? Is it a case of quantity v's quality?

If the real estate agent is just looking for another listing to add to the volume, how can you be sure your listing won't get neglected? Don't get me wrong, there is nothing wrong with an agent having several listings, it is really a matter of being reassured that your property will be a priority.

As an example, the most successful listing agent in town might employ 6 assistants. This could explain why he or she is the top sales agent in the entire county.

Before deciding on a particular real estate agent ask, "What percentage of houses listed by the agent sold in the last 12 months?"

Read 'Why Over-Priced Real Estate Listings Can Result In Unsold Properties'

Questions To Ask A Real Estate Agent - Part 6

FACT: Many people are inexperienced when it comes to buying or selling a property, so rely greatly on the 'perceived' ability of the real estate agent they are dealing with.

If you are a seller and are considering putting your home on the market, then shop around for the real estate agent that will best meet your needs. Observe real estate agent marketing trechniques, talk with friends and people who have recently bought or sold a property. Then draw up a list of agent's you might consider and then narrow it down to about three and schedule an interview with each real estate agent.

Ask some of the questions we have already suggested (see earlier blogs Part 1 to 5) and also ask these questions:

Why should I list with you rather than any other real estate agent?

Listen carefully to the substance of the answer. Look for honesty and genuine commitment.

Also ask the real estate agent:

• What is your average market time vs. other agents' average market time?
• What percentage of houses listed by the agent sold in the last 12 months?
• How would he or she establish a price?
• How would the agent market the property?
• How often will the real estate agent be in contact with you?
• What references can the real estate agent provide (both personal and for the company he or she works for)?

Number of sales is important but so too is personal and company reputation.

Know how and when you will communicate to avoid unrealistic expectations.

Here is an article you will find helpful. Click on the following link - 4 Real Estate Marketing Tips For Buying And Selling A Home

Questions To Ask A Real Estate Agent - Part 5

Talk to several real estate agents before picking the one you want to work with. To help select the a good real estate agent, there are several key issues you should discuss with any agents you are considering including:

What is Your Best Marketing Plan or Strategy for My Needs?

As a seller, you will need to know:

• Specifically, how will you sell my home?
• What are the details of the proposed marketing campaign?
• Will you show me a sample flyer or mailer?
• Where and how often do you advertise?
• How do you market online?
• What price should I list the property at?

Don’t sign with an agent just because he or she suggests the highest asking price. When listing a property for sale, agents and brokers should compare the listed property with similar properties that recently sold, in order to determine a competitive market price for the property.

As a buyer, you will need to know:

• How will you search for my new home?
• Will I be competing against other buyers?
• How do you handle multiple offers?
• How many homes will I likely see before I find a home I want to buy?
• Do you present offers yourself?

Ask the agent how he or she will protect your interests and why you should hire them rather than another real estate agent?

Click this link to read an informative article about real estate commissions.

Questions To Ask A Real Estate Agent - Part 4

The most important thing you can do when buying or selling a home is to choose the right real estate agent to represent you.

Many buyers and homeowner’s are inexperienced when it comes to buying or selling a property. They rely greatly on the “perceived” ability of the real estate agent they are dealing with.

Although the average real estate agent does a good job, many buyers and homeowner’s would be “fair game” for a disloyal, dishonest, or incompetent real estate agent.

To help select the a good agent, there are several key issues a homeowner (or homebuyer) should discuss before using just any realtor.

Real Estate Agent Question:

What does the agent want as a minimum listing period?

Most real estate agents want a minimum 90 days listing term. They will say that they need that amount of time to do justice to the marketing of the property. The agent will have access to statistics on the average number of days the local multiple listing service (MLS) says it takes to sell homes in your area.

Although 90 days is common, some agents will try to lock you in to a six-month listing contract. Such a long listing contract is not usually necessary or desirable unless it includes an unconditional cancellation. You could compromise and agree to the unconditional cancellation clause taking affect after perhaps 90 days.

If the agent insists on a long listing term, because that what is needed to sell the property, you might want to question whether or not you are signing with the right agent. If that is how long it takes the "average" agent to sell a property in your area, do you want to list with an "average" agent, or would you better better off with an agent that can do better than "average." Ask the agent if he or she considers themselves to be "average."

Real Estate Agent Question:

What systems does the realtor have in place that will keep them in constant contact with you during the listing and the transaction?

Real Estate Agent Question:

Ask the agent what his or her fee structure is. Does the agent require a percentage of the sales price, does he/she work for a flat fee, or will the agent be paid by the seller (if you're the buyer)?

Real estate fees are generally negotiable. Typically, real estate agents charge a percentage, from 1% to 4% to represent one side of a transaction: a seller or a buyer. A listing agent may charge, for example, 3.5% for him or herself and another 3.5% for the buyer's agent, for a total of 7%. Real estate is a competitive business so don't be afraid to negotiate. And remember, the lowest price is not always the best value for money.

Remember to negotiate the listing period. You don't have to list for three months or six months. Although you don't want to be changing agents every time the going gets tough, you also don't want to get stuck with a bad agent.

Is It Worth Paying Real Estate Agent Commissions Or Should You Sell Your Home Yourself?

Ask A Real Estate Agent These Questions - Part 3

A good and a bad real estate agent have one thing in common – their job is to be a “deal-maker.”

So, you need to be confident in your own mind, that the real estate agent has the ability and skills required to successfully make the deal happen and achieve an outcome that you are happy with.

But, be warned - some real estate agents will perform all sorts of tricks to stitch up a deal. This is fine so long as they are not “stitching up” the buyer or the seller. There’s nothing wrong with enthusiasm to pull a deal together - it is to be applauded. However, a good real estate agent needs to remain professional and ethical at all times throughout the property selling process.

Real Estate Agent Question:

Does the real estate agent have good negotiating skills? Often, negotiations on a price and conditions go back and forth several times before a deal is made. Will the agent look for the quickest or easiest solution, or will he or she strive to get the best deal for you (the client), even if that means putting in extra effort.

Ask if the real estate agent will let you contact the last three or four home buyers/sellers the real estate agent represented.

Real Estate Agent Question:

What will the real estate agent do for you?

The agent you hire should demonstrate what actions he or she will take to help you reach your goals. The important thing is the agent needs to understand what you want from the sale and be able to represent you well to the other parties involved in the transaction.

For this reason a good agent is usually a good listener and a good communicator. That is not to say the realtor should always agree with you. A good agent will be prepared to speak his or her mind and needs to be positive, honest and realistic.

When asking what a real estate agent can do for you, look carefully at answers relating to communication and negotiation skills, personal commitment, and access to resources.

Are Real Estate Commissions Really Outrageous? Read this article about real estate commissions.

Questions To Ask A Real Estate Agent - Part 2

Unfortunately, many homeowner’s are reasonably inexperienced when it comes to buying or selling a property. They rely greatly on the “perceived” ability of the real estate agent they are dealing with. Although the average real estate agent does a good job, many homeowner’s would be “fair game” for a disloyal, dishonest, or incompetent real estate agent.

To help select a good real estate agent, there are several key issues a homeowner (or homebuyer) should discuss before using just any real estate agent.

Here are 3 questions to ask any prospective agent.

Real Estate Agent Question:

How long has the real estate agent been selling homes in the local area?

Local knowledge is always helpful when buying and selling real estate. A good agent will be aware of the good neighborhoods (or streets) to buy in and which to avoid. The agent should be aware of the trends in the local property market and have a good feel for true market values.

It is a good idea to request a Comparative Market Analysis (CMA), which will show the actual market value of similar homes in the area. And remember, just because a real estate agent is new to the industry or to the area, it doesn't necessarily mean the agent will do a bad job. A new agent might have fewer listings than a more established agent and so might have more time to devote to helping you. It really comes down to how committed the agent is to getting you the best possible result.

Real Estate Agent Question:

What professional courses and designations has the agent completed?

The letters after the real estate name may be an indication that he or she has upskilled rather than just being content to just take the courses needed to get and maintain a real estate license.
Designations include: ABR (Accredited Buyer Representative), ABRM (Accredited Buyer Representative Manager), CLHMS (Certified Luxury Home Marketing Specialist, CRP (Certified Relocation Professional), CRS (Certified Residential Specialist), e-PRO (a training program presented entirely online).

Some of these real estate designations require memberships in organizations, with annual fees. Most successful real estate agents devote time (and money) to continuing education. The more the real estate agent knows about the laws and practices affecting your real estate transaction the better. A real estate agent who has upskilled may have the advantage of the latest marketing strategies.

Real Estate Agent Question:

Does the agent work full-time?

It is important to find an agent that will be serious about helping you and have the time available to put in the required effort when needed. That doesn't necessarily mean that the agent needs to work full time, but he or she certainly needs to be available and able to compete the transaction that benefits his/her client. If you are dealing with a new agent seek reassurance that he/she has adequate supervision from an experienced brokerage office manager.

Here is the link to a very interesting article titled: 7 Questions To Test The Loyalty Of A Real Estate Agent

Questions To Ask A Real Estate Agent - Part 1

Buying or selling a home is the biggest investment most people will ever make. Using a real estate agent or realtor is often the key to a successful transaction.

However, buying or selling a home can be especially difficult when dealing with an incompetent or disloyal real estate agent. Fortunately, most real estate agents do an excellent or reasonably good a job.

Then, there is that worrying small percentage of real estate agents who are downright incompetent. Almost every industry is inflicted with this type of person, so it is important for homebuyers and home sellers to avoid the bad agents. To help select the a good real estate agent, there are several key issues you should discuss with any real estate agents you are considering.

Here are 3 questions to ask any prospective agent:

Real Estate Agent Question:

How long has the real estate agent been involved in the real estate industry?

This question is not intended to disavantage a new real estate agent, as time spent in the industry is not necessarily the most important factor. However, it may demonstrate the agent's level of experience or field of experience. That's not to say that a new agent wouldn't do a better job - and that's why you need to ask several other questions too.

Real Estate Agent Question:

Can the real estate agent supply testimonials from satisfied clients?

It would be reassuring to be able to contact the last three or four home sellers that the agent represented. Although, it is not always possible to get the names, addresses and phone numbers of the most recent clients, a lot of real estate agents will be able to put you in touch with some former clients. The real estate agent might even include this information in his or her listing presentation.

The important thing is to follow-up on these clients and ask if they were in anyway unhappy with service and would they list their home for sale with the same agent again. If they wouldn't ask why? Listen carefully to the answers and be alert for any hesitation or vague answers.

Real Estate Agent Question:

Does the real estate agent offer any form of guarantee?

The real estate agent might be extremely positive and confident of selling your property, but will he or she offer any form of guarantee? You might want some reassurance on the amount of effort that will be put in, or the amount of advertising, or you may want the opportunity to cancel the listing if you're not happy with the progress.

It is all very well hearing about what the agent plans to do and achieve. But, things don't always go to plan and promises are not always kept. It pays to know in advance, what recourse you have if the real estate agent makes a mistake or fails to deliver on promises. Discuss how your relationship with your agent can be improved or terminated if things don't work out.

On Closing A Property Deal

Before your closing date, make sure you've made all necessary deposits and completed the relevant paperwork including: mortgage, title, homeowners insurance and any other documents required by local or state governments.

ARIZONA Real Estate Investors Associations

Arizona Property Investment Groups

American Real Estate Investors Association
Phone: 800-346-0072

Arizona Real Estate Investors Association
Phone: 480-990-7092 or 866-892-7342
Address: 2432 W. Peoria Ave. #1283, Phoenix, AZ 85029 or 4841 N. Scottsdale Road, Scottsdale, AZ 85251

Arizona Prosperity Investment Group
Phone: 480-539-7900
Address: 1855 E. Southern Ave. #202, Mesa, AZ 85204 or PO Box 68882, Tucson, AZ 85737

Blake's Real Estate Club
Phone: 817-845-6790

Cashflow Club
Phone: 480-720-9932

MIB Real Estate Solutions
Address: 4021 N. 75th Street, Suite 102, Scottsdale, AZ 85251

Phoenix Real Estate Club
Phone: 602-944-2906

Scottsdale Investor Real Estate Group
Phone: 602-625-2225
Address: 10645 N. Tatum Blvd. Suite 200-420, Phoenix, AZ 85028

Strategic Realty Group
Phone: 480-330-4631
Address: PO Box 25851, Scottsdale, AZ 85255

Southeast Valley Real Estate Investors Group
Phone: 602-625-2225

Tucson Cashflow
Phone: 520-272-0277

Tucson Real Estate Club
Phone: 520-440-6927

Tucson Real Estate Investors United
Phone: 520-940-5488
Address: 4811 East Grant Road #261, Tucson, AZ 85712

Tucson Real Estate Exchangers
Phone: 520-884-5315

Valley Real Estate Investors
Phone: 480-765-8855

Valley Real Estate Investment Club
Phone: 480-303-1212

Reverse mortgages explained.

Arkansas Property Investment Groups

Contact information for ARKANSAS Real Estate Investment Clubs

Acre Real Estate Investing Club
Phone: 501-317-8592 or 501-317-8589

Northeast Arkansas Landlord Association
Phone: 870-972-8722
Address: PO Box 34, Jonesboro, AR 72403

Northwest Arkansas Real Estate Investors Association
Phone: 479-531-7330 or 479-544-1967 or 479-619-8580

Home Owners To Get Foreclosure Tax Relief

October 2007. The United States House of Representatives has approved legislation providing tax relief to home owners facing foreclosure.

Under the bill, any debt forgiven to home owners unable to pay their home mortgage would no longer be treated as taxable income.

The US legislation was passed in response to a subprime mortgage crisis responsible for reducing home values. The subprime mortgage crisis has left a growing number of home owners unable to pay increasing interest charges on their home loans.

Tips for avoiding foreclosure.

California Real Estate Investor Groups

A List Property Investment Clubs in California, USA - Part 2

American Investors Club of Malibu
Phone: 310-497-1510

American Municipal Development Corporation
Phone: 800-498-0058

American Properties Management
Phone: 916-919-5721

American Real Estate Investors Association
Phone: 800-346-0072

Autumn Leaf Investment Group
Phone: 909-766-6586 or 909-766-8411

The Bakersfield REIA
Phone: 661-833-2424

Bay Area Association of Real Estate Investors
Phone: 415-572-4511

Bay Area Investors Educational Services
Phone: 510-339-9014

Bay Area Reinvestors
Phone: 510-339-9014

Bay Area Reinvestors
Phone: 408-866-6077
Address: 1076 Smith Ave., Campbell, CA 95008

Bay Area Wealth Builders Association
Phone: 707-996-6411
Address: PO Box 1639, Sonoma, CA 95476

California Investors
Phone: 209-545-4897

California Real Estate Investors Club
Phone: 562-254-7301
Address: PO Box 19048, Long Beach, CA 90807

CALREIA
Phone: 559-434-8593
Address: 8839 N. Cedar Ave. #222, Fresno, Ca 93720

Capital City Wealth Builders
Phone: 800-650-1315
Address: PO Box 336, Kentfield, CA 94919

Chico Real Estate Investors Group - CREIG
Phone: 530-892-0251

CHR2Casa - County Homeowners Recording
Phone: 909-931-5352

Contra Costa Real Estate Investors & Home LLC
Phone: 925-778-8995

Cornerstone Real Estate & Home LLC
Phone: 707-455-4200

Creative Californians Real Estate Investors
Phone: 209-465-5181

Directed Real Estate Professionals
Phone: 818-795-2780 or 310-596-7222

East Bakersfield Redevelopment Investment Group
Phone: 661-747-1005

East Bay REIA
Address: PO Box 71267, Oakland, CA 94612

East Bay Wealth Builders Club
Phone: 925-648-1558

EmeryNet Real Estate Group
Phone: 714-496-2551

Fresno Real Estate Club
Phone: 559-277-8910

Golden State Real Estate Investors Association
Phone: 702-735-6000

Homebuyers Investment Club of Marin
Phone: 415-883-1710

Humboldt County REIA
Phone: 707-845-4710

Inland Empire Investors Forum
Phone: 951-898-1175

Inland Valleys Real Estate Marketers
Phone: 909-224-4217

Investing In Real Estate Club
Phone: 323-256-8834 or 562-531-0856

Investors Workshop of Orange County
Phone: 714-496-2551

Investors Workshops North
Phone: 916-223-5564

Investors World
Phone: 415-883-1710 or 415-343-2950

Jackson Real Estate Investment Club
Phone: 209-304-7324

JC Investments
Phone: 510-623-1025

Long Beach Real Estate Investors Club
Phone: 714-209-3872

Los Angeles Investor's Network
Phone: 323-702-0424

Los Angeles Real Wealth Investors Association
Phone: 619-665-3543 or 800-684-7788

National Association of Hispanic Real Estate Pros
Phone: 714-256-2929

National Association of Real Estate Entrepreneurs
Phone: 714-362-3050

National Club of Real Estate Investors
Phone: 818-997-7676

Network Gate
Phone: 818-398-3663

New Real Estate Investors Club
Phone: 530-846-7200

NorCal Investments
Phone: 707-694-8882

NorCal REI Club
Phone: 530-713-7385 or 925-679-3117

North San Diego Real Estate Investors
Phone: 760-809-4666

Ocean Breeze Real Estate Investment Club
Phone: 760-479-0296

OC Investors Club
Phone: 949-874-5704 or 866-Two-Invest (800-896-4683)
Address: 7545 Irvine Ctr. Drive Ste. 200, Irvine, CA 92618

Orange County Real Estate Forum (OCRE)
Phone: 949-726-8446

Palo Alto Real Estate Investment Club
Phone: 650-722-0840

Placer County Networking Group
Phone: 916-791-3032

Placerville Investors
Phone: 530-647-0679

Prosperity In Motion
Phone: 925-465-9574

Puerto Penasco
Phone: 310-686-4461

Rancho Cordova Real Estate Investment Club
Phone: 916-501-8326

Real Estate Investing Club of San Luis Obispo
Phone: 650-714-2364

Real Estate Investment Club - Monterey Bay
Phone: 831-655-1644

Real Estate Investor Network
Phone: 805-267-1173 or 888-228-2922 x 200

Real Estate Investors and Networking Club of LA
Phone: 818-549-0423

Read property investment article titled: Beat The Crowd When Investing In Real Estate

Real Estate Investors Club of Los Angeles
Phone: 310-793-7069

Real Estate Investors Club of Monterey Bay
Phone: 831-655-1644 x 19

Real Estate Investors Learning Center
Phone: 650-592-1049

Real Estate Strategies Network - Los Angeles
Phone: 310-791-9008

Real Estate Strategies Network - Orange County
Phone: 949-463-2223

REINCLA - West Hills
Phone: 818-549-0484

Roseville Real Estate Investment Club
Phone: 916-412-9660

California Property Investment Groups

A List Real Estate Investor Clubs in California, USA - Part 1

Sacramento Real Estate Investor Clubs of America
Phone: 916-941-9977

Sacramento Real Estate Investment Association -SacREIA
Telephone: 916-481-6607 or 800-301-7020
Address: 2840 Auburn Blvd., Suite 200 Sacramento, CA 95821

Sacramento Real Estate Investors Group
Phone: 916-628-5284

Sam Sadat's National Club of Real Estate Investors
Phone: 800-998-9930

Sacramento Valley Real Estate Investors Club
Phone: 916-791-3032

San Bernardino County Investment Club
Phone: 909-910-1478

San Francisco Real Estate Investor Clubs of America
Phone: 916-941-9977

San Diego Creative Investors Association
Phone: 858-499-1018 or 619-497-4480 or 619-291-5761

San Jose Real Estate Investment Club
Phone: 916-812-6851

Santa Cruz Cashflow Club
Phone: 831-724-2280

San Jose Real Estate Investors Club
Phone: 408-998-0494

Santa Cruz Real Estate Investment Club
Phone: 916-501-8326

Santa Paula Investment Club
Phone: 805-921-0562

Santa Cruz Real Investment Group
Phone: 831-476-8608

Serious & Creative Investors
Phone: 818-379-3316

Skyward Investors Club
Phone: 818-761-4977

Sierra Foothills REI Club
Phone: 209-754-1291
Address: PO Box 695, Rail Road Flat, CA 95248

South San Jose
Phone: 408-806-0718

Socal Real Estate Investors
Phone: 310-592-4045 or 310-937-3600

South Bay Real Estate Club
Phone: 310-592-4045 or 310-265-0355

Southern California Creative Investors Association
Phone: 760-597-9700 or 858-695-3283

Tri-Valley Real Estate Investment Club
Phone: 925-642-0621

Terra Investment Management
Phone: 916-817-8120

Venture Exchange
Phone: 212-380-1194

Valley REIA
Phone: 310-926-8170

6 Important Questions For Selling Real Estate For Sale By Owner FSBO

British PM Aids Greenspan In Launch Of The Age of Turbulence

1 Oct 2007. Alan Greenspan, who ran the Fed for more than 18 years is in Britain to promote his new book, The Age of Turbulence.

He has met with British PM Gordon Brown where he received a strong endorsement.

Alan Greenspan first met British PM Gordon Brown and Former PM Tony Blair in 1994.

At the Press Conference Gordon Brown said, "Alan Greenspan is a towering figure in the international financial community who combines the qualities of outstanding leadership, extraordinary insight, absolute integrity and a strong sense of social responsibility and internationalism."

Real Estate Investor Clubs in Alabama, USA

List Of ALABAMA Property Investment Groups

Alabama Real Estate Investors
Phone: 337-727-7780

Associated Investors of Alabama
Phone: 205-823-9008 or 205-995-5590
Address: 2249 Garland Dr, Birmingham, AL 35404

American Real Estate Investors Association
Phone: 800-346-0072

Birmingham Area Real Estate Investors
Phone: 205-744-5213

Mobile Real Estate Investment Group
Phone: 251-366-HOME
Address: PO Box 191, Daphne, AL 36526

North Alabama Real Estate Investment Club
Phone: 256-335-9970 or 256-740-0690

Perris Properties LLC
Phone: 251-662-5800
Address: PO Box 5, Mobile, AL 36601

Rocket City REI Association
Phone: 256-881-5874
Address: 15002 Glory Dr., Huntsville, AL 35803

Real Estate Navigators Huntsville
Phone: 256-755-2099

The Estate Group
Phone: 334-365-8977
Address: 565 McQueen Smith Rd. S. Ste. 15, Prattville, AL 36067

Tuscaloosa REIA
Phone: 205-366-0411
Address: PO Box 40192, Tuscaloosa, AL 35404

The Tax Lien Market
Phone: 205-402-0083
Address: 5410 Cottage Ln., Hoover, AL 35226

Real Estate Investor Clubs in Colorado, USA

COLORADO Property Investment Groups

American REIA
Phone: 303-233-2233 or 800-346-0072

Boulder Real Estate Investors Club
Phone: 303-447-7161

Boulder County Real Estate Investors
Phone: 720-318-5445

Colorado Association of Real Estate Investors
Phone: 303-398-7035 or 303-934-7185 or 303-743-6805

Colorado Springs Real Estate Club
Phone: 719-651-4279

Colorado Mountain Property Investments
Phone: 303-838-8828
Address: 12 Rosalie Rd, Bailey, CO 80421

Front Range Association of Real Estate Investors
Phone: 719-649-6318 or 866-460-5570
Address: 1417 Potter Dr, Suite 104, Colorado Springs, CO 80909

Investor's Realty Resource West
Phone: 720-974-6099

Investor's Realty Source of Colorado
Phone: 303-875-7485

IRA/401k Qualified Plans Real Estate Investing
Phone: 303-773-7143

National Association of Women Real Estate Investors South
Phone: 303-798-5010

National Association of Women Real Estate Investors North
Phone: 303-798-5010

Northern Front Range Investors Association
Phone: 970-214-3627
Address: 1298 Main St, Unit A #4173, Windsor, CO 80550

Northern Colorado Real Estate Investors Group
Phone: 970-419-8245

Pikes Peak Landlords & Investors Group
Phone: 719-593-8788

Springs Real Estate Investors Network (SREIN)
Phone: 719-638-6651

Southern Colorado Association of Real Estate Investors
Phone: 719-277-9235 or 719-596-3711

The Northern Colorado Creative Investors Club
Phone: 970-481-0525
Address: 7251 W 20th St, Bldg M-2, Greeley, CO 80634

Weld County Real Estate Investors Club
Phone: 970-481-0525

Is It Worth Paying Real Estate Agent Commissions Or Should You Sell Your Home Yourself?

Real Estate Investor Clubs in Connecticut, USA

List of property investment groups in CONNECTICUT

American Real Estate Investors Association
Phone: 800-346-0072

Common Sense Real Estate Investing
Phone: 203-773-5143

Connecticut Real Estate Investors Association
Phone: 860-561-8821 or 203-757-0641
Address: PO Box 270556, West Hartford, CT 06127

Connecticut Association of Real Estate Investors
Phone: 860-648-1414

Greater Enfield Property Owners Association
Phone: 860-454-0099

REI Cash Club of Connecticut
Phone: 860-342-5159
Address: Freestone Ave, Portland, CT 06480

Real Estate Investing Club
Phone: 203-757-7987

Southern New England Real Estate Investors
Phone: 203-389-5424

Learn How Real Estate Sales Benefit From Location, Condition, Pricing, Marketing And A Motivated Buyer And Seller.

Real Estate Investor Clubs in the District Of Columbia

List Of Contacts - DISTRICT OF COLUMBIA Property Investment Groups

American Real Estate Investors Association
Phone: 800-346-0072

Beltway RE Investing Association
Phone: 703-349-2934

DC/Virginia Real Estate Investors Group
Phone: 800-393-3138

DC/Central Maryland Real Estate Investors Group
Phone: 301-218-2604 or 202-783-0093 x 230
Address: 152 Rollins Avenue #200, Rockville, MD 20852

District of Columbia Area Chapter - REIA
Phone: 888-859-5573
Address: PO Box 29478, Washington DC 20017

Greater Washington Metropolitan REIA
Phone: 202-497-2683 or 301-775-4643

National Black Real Estate Investors Association, Inc.
Phone: 301-523-9473 or 703-379-1464

Real Estate Investors of Metropolitan Washington
Phone: 301-340-9399

RE Investors of Metro Washington
Phone: 410-441-1708

Trustie Real Estate Club
Phone: 202-565-1605

Washington REIA Network
Phone: 301-231-5437

Washington DC Area REI Club
Phone: 703-528-9129
Address: 1717 K St. NW, Ste. 600, Washington DC 20002

More Resources For Real Estate Investments

Real Estate Investor Clubs in Delaware, USA

DELAWARE Property Investment Groups

American Real Estate Investors Association
Phone: 800-346-0072

BiState Creative Investors
Phone: 302-992-9056

Diamond State Investors
Phone: 302-588-7242

Marshall Williams Group
Phone: 610-368-6966

Money Answers
Phone: 610-447-0342

Real Estate Bidding War In Buyer's Market

A softening real estate market usually results in a Buyer's Market. If you are in the market to buy it is time to sit back and wait for a bargain.

Depending on how desperate you are to buy, that may or not happen. Just as every buyer has different circumstances so does every seller.

In some cases the sellers will have bought another home. They may have held out for the right price to be paid for their current home.

In other instances sellers may have had offers fall through and they may even under pressure with two homes officially in their name.

Depending on your timing and the circumstances, you may even be the only buyers currently in the local marketplace that is ready, willing and in a position to buy the particular home you are looking at.

It is cases like that where you (as the buyer) need to be very careful. You don't want to get into a bidding war situation.

Although bidding wars are not so common in a buyer's market, they still can and do happen.
Even in a buyer's market, if you have seen the home you want to buy don't procrastinate too long. Another buyer may have seen the house yesterday and have a legal expert drawing up an offer with their Realtor® at this very moment.

If you've seen a home that seems to be priced appropriately for the current market and you have gone through all the steps to be pre-qualified, don't wait!

The longer you delay the more likelihood you could end up in a bidding war situation. That is not to say you shouldn't thoroughly do your due diligence - you should!

If you have seen the home you want to buy ask yourself:

"Can you see yourself and your family being happy in this home?"

"Does the home fit most of your criteria for the price you can afford?"

"Will you be disappointed if you lose this home to another buyer?"

http://www.your-real-estate-resources.com/home-buyer2.html

Default Rate In US Mortgages Stabilzing

The default rate on U.S. mortgages is stabilizing according to U.S. Housing and Urban Development Assistant Secretary Darlene Williams. While speaking from a forum in Singapore the Housing and Urban Development Assistant Secretary said she didn't expect the recent cut in U.S. interest rates to significantly affect the number of defaults.

Darlene Williams added, the U.S. Federal Reserve's bigger-than-expected half-point cut of its key rate last week signaled that authorities were taking action to support the economy.

Many banks and investors have concerns about getting repaid because of the surge in defaults on mortgage loans. Subprime loans made to borrowers with poor credit are a major concern affecting sections of the credit market.

Real Estate Investor Groups In Florida USA

FLORIDA Property Investment Clubs - Contact Details

Here is a list of property investor groups you might be interested in joining if you live in Florida:

12% Guaranteed Return Investment Club
Phone: 863-547-1114

Boca Real Estate Investment Club
Phone: 561-994-6999 or 954-354-1000
Address: 7040 W. Palmetto Park Rd. #4-225, Boca Raton, FL 33433

Black Real Estate Investors of North Florida
Phone: 850-847-9000

Broward County Investors Association
Phone: 954-255-9734

Brevard Real Estate Investors Association
Phone: 321-773-2230 or 305-692-9252

Broward Real Estate Investors Association
Phone: 888-839-2444 or 954-424-3008 or 305-692-9252
Address: 3696 N. Federal Hwy., Fort Lauderdale, FL 33308

Broward County Landlord Association
Phone: 954-753-6052

Cashflow Orlando
Phone: 407-256-9828

CFRI Seminole County Subgroup
Phone: 407-328-7773

CFRI Lake County Subgroup
Phone: 407-328-7773

CFRI Orange County Subgroup
Phone: 407-328-7773

CFRI Brevard County Subgroup
Phone: 321-453-2046

CFRI Volusia County Subgroup
Phone: 407-328-7773

Central Florida Realty Investors Association
Phone: 407-328-7773 or 407-629-2100

Charlotte County-Sarasota REIA
Phone: 941-766-1856
Address: 13970 Royal Pointe Dr, Port Charlotte, FL 33953

Dade Real Estate Investor Association
Phone: 954-966-6115 or 305-948-3536 or 954-772-1110 or 305-466-9929

Florida Homebuyers Alliance
Phone: 954-462-5445

Florida Real Estate Marketing Association
Phone: 954-781-5551

Florida Real Estate Investor's Association
Phone: 561-819-5686
Address: 32 SW 5th Ave, Delray Beach, FL 33444

F.I.N. - Friendly Investors Network
Phone: 727-842-6800

Foreclosures Investors Network
Phone: 305-951-3861

Gator REIA
Phone: 864-578-3553

Gulf Coast Real Estate Investor's Association
Phone: 850-478-0421

Greater Miami Real Estate Exchangors
Phone: 305-822-7700

Infinity Investment Group
Phone: 727-945-8009

Hip-Hop Generation Real Estate Investors Club
Phone: 954-556-4619
Address: 801 Brickell Avenue, Suite 900, Miami, Florida 33131

Investors Network Group
Phone: 772-340-0826

Investor-Birddog Connection
Phone: 954-926-2001

Jacksonville Real Estate Investors Association
Phone: 904-448-4467
Address: 7035 Phillips Hwy Ste. 5-167, Jacksonville, FL 32216

Ma & Pa Landlord Association
Phone: 954-527-5182

Mazel Realty Investors
Phone: 407-595-7090

Marion County REIA
Phone: 352-622-9888
Address: 1521 SE 36th Ave, Suite 2, Ocala, FL 34471

Miami Real Estate Investors Association
Phone: 305-631-8881
Address: 888 NW 27 Ave, 2nd Fl, Miami, FL 33125

Miami Real Estate investors Association - MREIA
Phone: 305-303-5173
Address: P.O. Box 451754, Miami, FL 33245

Monday Night Investors Meeting
Phone: 727-420-4810

Northwest Florida REIA
Phone: 850-230-1185
Address: PO Box 2416, Santa Rosa Beach, FL 32459

North Florida Real Estate Investors Association
Phone: 850-212-6191
Address: 3111 Mahan Dr, Ste. 20 MS 2177, Tallahassee, FL 32308

Orlando VIP Sound Investment Club
Phone: 407-905-5267
Address: 182 Highbrooke Blvd, Ocoee, FL 34761

Osceola County Landlords Association
Phone: 407-892-5836

Polk County Real Estate Investors Association
Phone: 863-294-8502

Palm Beach Real Estate Investors Club
Phone: 561-826-0293

Providence Alliance PAREAS
Phone: 239-455-8230

Prodigy Investors
Phone: 954-483-8668

Real Estate Investors Network
Phone: 954-536-8521

Real Estate Investments of Florida
Phone: 813-786-6102

Real Estate Navigators
Phone: 850-453-2627

S. FL Creative Investors
Phone: 786-355-8717

Sarasota Real Estate Investors Association
Phone: 941-927-0040
Address: 4411 Bee Ridge Road, Sarasota, Florida 34233

South Florida Real Estate Investors
Phone: 561-305-0505

South Florida Landlords Association
Phone: 305-388-1611

Southwest Florida REIA
Phone: 800-605-2910
Address: The Harborside Event Center, Ft. Myers, FL 33901

Southwest Florida Real Estate Club
Phone: 239-246-2597

Suwannee Investors Young & Aged
Phone: 386-208-1600
Address: 10556 70th St, Live Oak, FL 32060

Suncoast Real Estate Investors Association
Phone: 813-875-8222
Address: PO Box 20326, Tampa, FL 33622

Tallahassee REI Club
Phone: 850-878-5815

Tampa Bay Real Estate Investors Association
Phone: 813-404-7639
Address: 204 37th Ave. N. #368, St. Pete, FL 33704

The Investors Resource CenterPhone: 321-239-2824
The Investors Money CyclePhone: 954-600-8058Address: 123 Easy St., Ft. Lauderdale, FL 33311

The Real Estate Club
Phone: 888-828-6555

The Island Club West
Phone: 863-424-0909

The Lighthouse, and Association of Landlords
Phone: 407-772-0853

The Real Estate Investors Network of NE Florida
Phone: 904-384-6400

Tri-County Real Estate Investors Association
Phone: 386-748-4411

United Appraisers of South Florida
Phone: 954-345-7196
Address: 12040 NW 10th St, Coral Springs, FL 33071

Wealth Builders of Miami
Phone: 305-279-0010

Wealth Builders
Phone: 727-593-3353
Address: 13498 Welsingham Rd, Largo, FL 33774

Wealth in Real Estate
Phone: 904-384-0520

YES Young Enterpreneurs Society
Phone: 941-927-5646

Helpful Property Investment article

Alan Greenspan Speaks Out On US Housing Crisis

News From Vienna, Austria. September 2007. Greenspan Predicts House Prices To Drop Lower

Former Chairman of the Board of Governors of the Federal Reserve of the United States (from 1987 to 2006) Alan Greenspan, 81, was quoted as saying:

“So far, prices have dropped only slightly. But it was enough to cause alarm around the world,” he said. “Prices are going to fall much lower yet.”

“There is no doubt about the fact that low interest rates for long-term government bonds have caused the real estate bubble in the United States”

“The Federal Reserve began a series of interest rate increases in 2004. We were hoping to bring the speculative excesses in the real estate sector under control. We failed. We tried it again in 2005. Failure"

Real Estate Investment Groups in Georgia, USA

GEORGIA Property Investor Clubs

Atlanta Real Estate and Barter Association
Phone: 800-682-4839

American Real Estate Investors Association
Phone: 800-346-0072

Augusta Chapter - GAREIA
Phone: 706-373-8782

Columbus Real Estate Investors Group
Phone: 706-561-5301

Dahlonega TreeHouse
Phone: 706-344-2323

Eastern REI Club
Phone: 678-207-7483

Golden Isles Real Estate Investment Group
Phone: 912-634-6893Phone: 912-269-8488

Georgia Real Estate Investors Association
Phone: 770-451-8800
Address: 3920 N. Peachtree Rd, Atlanta, GA 30341

Ground Floor Investing Group
Phone: 770-577-0729
Address: 3318 Hwy 5 #214, Douglasville, GA 30135

Goshen Real Estate Investor Group
Phone: 912-665-1680

Investors of North Georgia
Phone: 770-815-8727

Macon/Middle Georgia REIA
Phone: 478-475-0380
Address: PO Box 13251, Macon, GA 31208

Macon Real Estate Investors Association
Phone: 478-993-6082
Address: 248 Tom Hill Sr. Blvd. #441, Macon, GA 31210

Macon Georgia Real Estate Investors Association
Phone: 478-714-5237

Norwood & Associates Real Estate Club
Phone: 404-246-1199

McCarter-Lawson Investment Club
Phone: 404-379-8318 or 404-569-4237

Northeast Georgia REIA Inc.
Phone: 770-536-2116

REIA Atlanta
Phone: 770-754-5847
Address: 4305 State Bridge Rd. #103-40, Alpharetta, GA 30022

Real Estate Starter Club
Phone: 770-833-3838

Southern REIA
Phone: 678-714-6611
Address: 2070 Buford Hwy. Ste. 1-B, Buford, GA 30518

Wealth University Real Estate Club
Phone: 302-777-3485

Valdosta REI Association
Phone: 229-834-1972
Address: PO Box 2371, Valdosta, GA 31604

Real Estate Investment Groups in Hawaii, USA

List of HAWAII Property Investor Clubs

Hawaii Real Estate Investors
Phone: 808-368-6548
Address: PO Box 893951, Mililani, HI 96789

Hawaii Property Center
Phone: 808-328-9595

Maui Real Estate Investment Club
Phone: 808-573-2219

The Basics Of How An Interest Only Loan Works

Interest only loan works like this:

You arrange an interest only loan for X amount of dollars.

Then every month you pay the interest you accumulated on that loan, but not the principal.

That's the important thing to understand, so I repeat it.

You are NOT paying any part of the principal.

If you keep doing this, in 10 years, you will have exactly the same amount on your loan.

There are advantages and disadvantage in taking out an interest only loan.

If the price of your house goes up, you are okay.

If the price of your house goes DOWN, you will owe more money than your house is worth. It is called "UP SIDE DOWN."

So, to get rid of your house, you have to pay money to make up that difference.

Compare that to a conventional loan where you pay the interest plus principal. Your principal slowly goes down over time.

At the maturity of your loan, you have your house paid off. Meaning it is now YOURS.

With interest only loan, this will never happen, unless you pay more than what is required.

Real Estate Investor Groups In Idaho, USA

IDAHO Property Investment Groups

BREIC
Phone: 208-890-1957

Boise REIA
Phone: 208-345-5441
Address: PO Box 140058, Boise, ID 83714

Exit Strategies
Phone: 801-302-8524

Faith Truly Works
Phone: 916-223-1863

Idaho Investor Group
Phone: 208-251-4820

Northern Idaho Real Estate Investors Club
Phone: 208-412-1643
Address: PO Box 656, Middleton, ID 83644

Mastermind Real Estate Club of SE Idaho
Phone: 208-680-4138

List of real estate investor groups in Illinois, USA

ILLINOIS Property Investment Clubs

Angel Investment Club
Phone: 708-503-1097

African American Real Estate Investment Club
Phone: 847-748-8605

Black Real Assets Investors Network
Phone: 773-577-0065

Ben Franklin Investment Club
Phone: 773-731-8010

Central Illinois Investors Association
Phone: 309-347-1044
Address: PO Box 104, Pekin, IL 61555

Chicago Creative Investors Association
Phone: 630-858-4663
Address: PO Box 495, Glen Ellyn, IL 60138

Chicago Area Real Estate Investors Association
Address: PO Box 2597, Glen Ellyn, IL 60138

The Chicago Real Estate Investment Club
Phone: 312-494-2697
Address: 28 E. Jackson Bldg. #10-C1012, Chicago, IL 60604

Chicago Real Estate Meetup
Phone: 773-294-0603
Address: 2614 W. North Ave., Chicago, IL 60647

CLUB Fractional
Phone: 630-833-2211

Decatur REIA
Phone: 217-422-9859

Danville Area Landlord Association
Phone: 217-442-0143

Freeport Area Landlord Association
Phone: 815-233-4663

Illinois Valley Creative Investors Association
Phone: 815-875-6254

Illinois Rental Property Owners Association
Phone: 630-415-0543

Kane County REI
Phone: 847-271-5709
Address: 653 S. 8th St, W. Dundee, IL 60118

Lake County Real Estate Investment
Phone: 847-530-8538
Address: 877 N. McKinley Rd. #2, Lake Forest, IL 60045

Lake County Apartment Owners Association
Phone: 847-360-8020

Midwest REA of Chicago
Phone: 847-741-9797

Metro East Landlords Association
Phone: 618-877-MELA
Address: 2919 S. Belt W. Ste. D, Belleville, IL 62226

Northern Illinois REA
Phone: 815-363-0233
Address: PO Box 72, McHenry, IL 60050

Real Estate Reading Round Table
Phone: 708-296-9637

Real Estate Investors Association
Phone: 618-463-2337

Sauk Valley Landlord Association
Phone: 815-626-3519

Springfield Real Estate Investment Club
Phone: 217-502-6070

Southwestern Illinois/Metro-East CREI Real Estate Investing Club
Phone: 618-709-6316
Address: PO Box 347, Hamlet, IL 62046

Train-the-Trainer REI Discussion, Chicago Real Estate Investing Club
Phone: 630-929-3027

The Greater Chicagoland Real Estate Professionals
Address: PO Box 691, Midlothian, IL 60445

WCRT, Inc.
Meetings: 1st Thursday of each month 7pm
Location: 19th Century Club, 178 N. Forest Avenue Oak Park, IL
Phone: 312-560-5675

West Suburban Landlords AssociationPhone: 708-484-4633

Here is a link to an interesting real estate investing article

Who Is The Data Consortium

The Data Consortium is an organization encouraging universal communication protocols for the commercial equity real estate industry in the United States in elsewhere in the world where real estate is operated and transacted in a manner similar to the USA.

Who Is The Electronic Financial Services Council - EFSC

The Electronic Financial Services Council (EFSC) is a US trade association promoting legislation and regulation relating to electronic commerce and the availability and delivery of financial services.

The Electronic Financial Services Council advocates positions on public policies affecting the offering of financial products and services including: insurance products, mortgage loans, consumer loans, investment products and e-commerce on-line banking.

Real Estate Investor Groups In Indiana, USA

INDIANA Property Investment Clubs

Apartment Association of East Central Indiana
Phone: 765-288-2492

Bravado Property Group
Phone: 317-223-7725

Central Indiana Real Estate Investors Association
Phone: 317-514-0009

Indy Property Investors
Phone: 317-788-0386
Address: PO Box 17363, Indianapolis, IN 46217

Evansville Area REI
Phone: 812-303-7571
Address: 1112 Edgar, Evansville, IN 47710

Madison County Property Owners Association
Phone: 765-649-2023

Michianna Investors Club
Phone: 219-834-3171

Michiana Income Property Owners Association
Phone: 574-291-2342
Address: PO Box 11532, South Bend, IN 46634

Northwest Indiana Real Estate Investors Association
Phone: 219-937-6697

Northwest Indiana Landowners Association
Phone: 219-872-0557

Peter Dobler has written an interesting article worth reading titled "Beat The Crowd When Investing In Real Estate" Click the above link to read the article.

Real Estate Investment Groups In Iowa, Kansas and Kentucky, USA

IOWA Property Investment Clubs

NW Iowa Real Estate Investors Group
Phone: 712-200-3123

Cedar Rapids Roundtable
Phone: 319-447-6341

KANSAS Property Investment Clubs

Mid-America Association of Real Estate Investors
Phone: 816-523-4400

Kansas City Investment Group
Phone: 816-292-2822

KENTUCKY Property Investment Clubs

Tri-State REI Club
Phone: 740-646-2525
Address: PO Box 354, Ashland, KY 41102

Bluegrass REIA
Phone: 859-509-2718
Address: 287 Pasadena, Lexington, KY 40503

Real Estate Investors Association of Cincinnati
Phone: 859-292-7342
Address: 525 W. 5th St., Suite 228, Covington, KY 41011

Northern Kentucky Property Owners Association
Phone: 859-525-7000

Real Estate Investing Clubs in Louisiana, USA

LOUISIANA Property Investor Clubs

CenLA Real Estate Investors Group
Phone: 318-448-3036
Address: 1605 Murray St, Alexandria, LA 71301

Highland Rental Association
Phone: 318-349-7440

Real Estate Investors of LA
Phone: 318-255-6965

New Orleans Real Estate Investor's Association
Phone: 504-364-5813
Address: PO Box 8064, Metaire, LA 70011

Visions
Phone: 318-237-0641