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Casual Articles - FAQ #3 from Media - Real Estate
What is Duplication? By definition Duplication means to copy, or repetition, doing the something over and over again. To be successful in your home business you need to practice the strategy of Duplication. It’s a known fact that 90 to 95% of people who start a home business fail and only 5 to 10% of the people are successful. Why is that? Well one reason is they try to be salesman.
Nash: In new construction they are quite common, and do motivate buyers, but many buyers have told me for years that they feel incentives are factored into sales prices, or that prices are raised to include the price of the incentive. In existing homes, incentives are trying to break in to the process, but are being met by buyers with resistance. Most buyers want to cut to the chase and get the lowest price. One exception is fl
Bankruptcy is one partner you don't ever want to make deals with. Bankruptcy is when your assets are so tied up that you cannot pay your debts. There are many bankruptcy options available; however, the rules have changed, making many types harder to obtain.Bankruptcy, once undertaken, becomes an evil partner. It will follow you for years. It can make it difficult to get a job, get
Is it a buyers market?
Nash: Buyers have more weight in the market then they have had in the last five years, but the market is balanced and doesn't favor either buyers or sellers.
Do you think there is excess inventory of unsold homes?
Nash: The supply of resale homes is certainly up and the number of new construction condos is staggering. Most markets have been vacillating between warm and cool in 2006, so I am waiting for the prospect of pent-up buyer demand to turn into sales before making any forecasts, which everyone is waiting for. It's not easy to read the market at this point in time.
What about 2007?
2007 should be a consistent year sales wise for real estate. People have to remember that housing is also shelter and does not exactly mirror the stock market. People need to live somewhere. Consumer confidence is on the rise, and with energy prices falling, home buyers that have stayed on the sidelines, should make a purchase in 2007.
What about the new Option ARM mortgages?
These mortgages are not so new, but being peddled today to home buyers that probably are over-borrowing if they need an Option ARM. Consumers should know that these loans include negative amortization, which is not in their short or long term financial interest.
Are incentives going to motivate buyers to sign contracts?
Nash: In new construction they are quite common, and do motivate buyers, but many buyers have told me for years that they feel incentives are factored into sales prices, or that prices are raised to include the price of the incentive. In existing homes, incentives are trying to break in to the process, but are being met by buyers with resistance. Most buyers want to cut to the chase and get the lowest price. One exception is fla
I get a lot of questions about SEO or search engine optimization. A lot of people and companies want their web site at the top of the search engines, and so, by association, they think SEO will do it for them, and to some extent it will. But, SEO is a blanket term, with a number of newly evolving ideas and techniques that is a bit of a misnomer. Instead of focusing solely on a ranking in
Is it a buyers market?
Nash: Buyers have more weight in the market then they have had in the last five years, but the market is balanced and doesn't favor either buyers or sellers.
Do you think there is excess inventory of unsold homes?
Nash: The supply of resale homes is certainly up and the number of new construction condos is staggering. Most markets have been vacillating between warm and cool in 2006, so I am waiting for the prospect of pent-up buyer demand to turn into sales before making any forecasts, which everyone is waiting for. It's not easy to read the market at this point in time.
What about 2007?
2007 should be a consistent year sales wise for real estate. People have to remember that housing is also shelter and does not exactly mirror the stock market. People need to live somewhere. Consumer confidence is on the rise, and with energy prices falling, home buyers that have stayed on the sidelines, should make a purchase in 2007.
What about the new Option ARM mortgages?
These mortgages are not so new, but being peddled today to home buyers that probably are over-borrowing if they need an Option ARM. Consumers should know that these loans include negative amortization, which is not in their short or long term financial interest.
Are incentives going to motivate buyers to sign contracts?
Nash: In new construction they are quite common, and do motivate buyers, but many buyers have told me for years that they feel incentives are factored into sales prices, or that prices are raised to include the price of the incentive. In existing homes, incentives are trying to break in to the process, but are being met by buyers with resistance. Most buyers want to cut to the chase and get the lowest price. One exception is fl
I pulled up to the curb and met three pairs of beautiful eyes. One pair was from the girl next door and the other two were from her friends'. I saw the list in their hands and knew what they were up to.They were fundraising for some program for their school. You make a donation and get some candies, cookies, or some other treat in return. They were canvassing the neighborhood for c
What about 2007?
2007 should be a consistent year sales wise for real estate. People have to remember that housing is also shelter and does not exactly mirror the stock market. People need to live somewhere. Consumer confidence is on the rise, and with energy prices falling, home buyers that have stayed on the sidelines, should make a purchase in 2007.
What about the new Option ARM mortgages?
These mortgages are not so new, but being peddled today to home buyers that probably are over-borrowing if they need an Option ARM. Consumers should know that these loans include negative amortization, which is not in their short or long term financial interest.
Are incentives going to motivate buyers to sign contracts?
Nash: In new construction they are quite common, and do motivate buyers, but many buyers have told me for years that they feel incentives are factored into sales prices, or that prices are raised to include the price of the incentive. In existing homes, incentives are trying to break in to the process, but are being met by buyers with resistance. Most buyers want to cut to the chase and get the lowest price. One exception is fl
Everyone knows that it is important to have life insurance yet there are certain misconceptions regarding it that change the way one looks at it. This leads to wrong investment decisions. Most of these myths are due to unawareness. You can get rid of these misconceptions if you understand as to what life insurance actually is.One big myth about life insurance is that it is related
What about the new Option ARM mortgages?
These mortgages are not so new, but being peddled today to home buyers that probably are over-borrowing if they need an Option ARM. Consumers should know that these loans include negative amortization, which is not in their short or long term financial interest.
Are incentives going to motivate buyers to sign contracts?
Nash: In new construction they are quite common, and do motivate buyers, but many buyers have told me for years that they feel incentives are factored into sales prices, or that prices are raised to include the price of the incentive. In existing homes, incentives are trying to break in to the process, but are being met by buyers with resistance. Most buyers want to cut to the chase and get the lowest price. One exception is fl
Good management is required to pass down orders and instructions and obviously responsibility for the companies best interests. This means that responsibility needs to be delegated, therefore the responsibility of expenditure will be required and delegated down the organisation by management so that parts of the organisation, e.g. different sections within the organisation like the
Nash: In new construction they are quite common, and do motivate buyers, but many buyers have told me for years that they feel incentives are factored into sales prices, or that prices are raised to include the price of the incentive. In existing homes, incentives are trying to break in to the process, but are being met by buyers with resistance. Most buyers want to cut to the chase and get the lowest price. One exception is flat-screen televisions, they can entice many buyers, especially men.
Seller concessions on resale homes appear to be the buzzword for 2006.
Nash: We are seeing home sellers be much more flexible in 2006 on repairing or crediting buyers for inspection issues. Also they are more likely to help with closing costs. But, they are not giving much on price.
When is your annual report on "What's In, What's Out with Homebuyers in 2007" released?
Nash: The second week of December. It has some interesting new trends that are the result of the correcting market in 2006.
How can home buyers, sellers or real estate agents participate in the survey that is part of the report?
Nash: They can visit my website: http://www.1001realestatetips.com, click on "For Agents" and register.
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