Business & Property

What You Need to Know about Short Sale in Property Business

There are many terms that you need to understand comprehensively when it comes to property business. There are many strategies to use in order to close the deals and earn profit. Every investor may use different ways or approaches in achieving their goal.

If you are familiarizing yourself with this business, you might as well learn about short sale. It is a term means transaction where lender agrees to sell their property for less than the amount owned. There are many reasons why this case happens.

Short sale in property business

One of them is homeowner being late in their mortgage. The term short sale sounds simple but it goes along with the amount and paperwork as well as guidelines.

About short sale in real estate business

For a homeowner, it is quite challenging to just sell their house especially with negative equity. They need the lenders approval to be able to sell it. They need to reasons well why they want to sell their house. If not for being late or having some hardships, it will become more difficult to get the lenders approval.

The logic is simple. Lenders don’t likely to own real estate so they prefer to sell it with discount instead of taking it back for foreclosure.

In order to do the short sale, homeowners need to complete needed documents. It is quite similar to mortgage application in reverse. With those documents, homeowner has proof that they are indeed in difficulty to pay the loan.

They need to show hardship letter, worksheet of expenses, tax returns, bank statement, as well as pay stubs.

Along with needed documents as mentioned above, it is also more useful to include supporting documents such as estimation of repair, pictures, recent sales, and even listings to compare.

Another thing you need to know beside the document is that the length of time to close takes longer than you expect. It may take sixty days to close for the fastest period. It can also last to ninety days in average. Meanwhile, investors most likely like to avoid short sale deal since difficult short sale deals can take longer than half a year and even more.

Lots of new investors are curious to find out if short sales damage the credit of homeowner. Of course, this case is not ideal but it is considered better than foreclosure or worse, bankruptcy which stay on the report for long period of time.

However, short sales do impact the recorded mortgage rates. As mentioned before that this is not ideal situation but there are still positive things to take.

Therefore, it is highly suggested to ask help for help from real estate agent who has experience and credibility to handle this case if you are interested in short sales.

Even though this is not perfect case, there are many investors closing the deals every day. Thus, it is important to dig out as much information before doing anything else. Asking for advice from professional will also be helpful so you can take the right decision.

How to Make Your Effort in Building Real Estate Business More Productive

One of the main principles in building a business is hard work. There are many form of hard work which can result differently. No matter what kind of work or due diligence you do, you need to make it productive.

Thus, it will results in positive progress for your business. If you aim for long-term business, it is important to choose effort which not only sacrifices your time or energy but also more productive in many ways.

Make your effort in building the real estate business more productive

Sometimes you do things resulted in nothing which means it is not productive. Surely there are not enough hours to achieve your target in one day. However, it is your chance to take advantage of what you have. Being productive is the best solution to reach your target even in limited time.

Time is not only money. It is everything you could ask for. It is your job to maximize the efficiency by boosting your productivity. Here are some examples of how you increase productivity in building your real estate business:

  1. Focus and clear your mind. When you are unable to focus in your work, it means your mind is in haywire. Thus, you need to clear your mind to be able to focus on your task. If it is hard to stay focus, then it means you need time to recharge. You can go out to see a beautiful view for several minutes or make a cup of tea to relax your mind. This will help you regain your focus and do your task efficiently.
  2. Finish one task before jumping to another one. It is true that some people can multitask effortlessly and make their work finish efficiently. However, it is better to finish one task completely before taking another task. This will be more productive. If you insist that you can multitask efficiently, you can do it but make sure to do it with caution.
  3. Making a running list can help you to work efficiently. This will help you to prioritize which task should be done first and which one is less urgent. This can be like your guide to finish every task so you won’t misplace the tasks. You can also make your own target of how many tasks you must finish in certain period to keep you motivated doing your work.
  4. Avoid unnecessary meetings. This point is still related to the previous point somehow. When you make list, you will know your priority. Thus, it is just logical to eliminate unnecessary meeting which doesn’t give any affect to your business. Thus, make sure to choose only meeting that worth your time.
  5. Implement the right system to accommodate efficiency to your work. System will let the task work automatically in the right order. Thus, you don’t have to re-plan over and over again if you have already built the right system. System is one of the main assets for your real estate business. This way, you will save time to do another work to boost your business more.

Should You Chose a “Bottom of the sack” Location?

The famous real estate location includes what people commonly refer to as “cul de sacs”. Some people are willing to pay a premium for a location at cul de sacs. What exactly is a cul-de-sacs and what does that mean when a house is located in it?

Should You Chose a “Bottom of the sack” Location?

Cul-de-sacs is a French phrase that literally means “the bottom of the sac”. Cul-de-sacs are dead-end residential locations with end circularly shaped. Homes located in dead-end streets that didn’t have a circular shape is sometimes also referred loosely as cul de sacs, but more often just referred to as dead-ends.

 

In the past, cul-de-sacs was one of the most desirable locations for a house. Until today, some people are still specifically looking for houses in cul-de-sacs. However, today people’s tastes have become more diverse, with the millennial starting to own their first homes. Some people specifically avoid cul de sacs for their own reasons. These reasoning may or may not reflect what you’re also concerned about.

 

Cul de sacs are largely famous and desirable for the feel of privacy they offer. There is no traffic at cul de sacs, and therefore, it largely offers peace and quiet. You won’t have to deal with the sounds of traffic unlike when you live in arterial roads. There’s also the perceived sense of safety at living in cul de sacs. But these factors are often merely perceived, as there hasn’t been much studies conducted in terms of the safety factors of cul de sacs.

 

If you’ve been considering cul de sacs because of some of their known properties that resonate with you, you’re probably eager to have cul de sacs as your first home. There are also some undesirable qualities that cul de sacs have. It’s also noteworthy that some people have proposed the ideas to ban cul de sacs in some states for several reasons concerning sustainability.

 

Cul de sacs are also known to have a close-knit community within their neighborhood. There are quite a number of houses in the circular shape of cul de sacs and residents tend to bond over the proximity of houses. You’ll have a much smaller side yard but a bigger yard in the back.

 

Cul de sacs are also known to attract residents or homebuyers with kids or those who are expecting one. This neighborhood won’t be ideal for you who don’t appreciate kids running around right in front of your yard. Kids may also mean more property damage. Kids are able to play freely within the area of cul de sacs. A missed kick to a soccer ball may mean a broken window on your part. While this is merely a what-ifs, numerous people have reported broken properties because of kids playing.

 

The concern of environment largely has to do with cul de sacs have been criticized for being a poor use of land. The cul de sacs are also potentially dangerous because they put a restriction to neighborhood access. The debate has been going on for decades now. While the real estate business sides have been winning for decades, there is a possibility that cul de sac locations will be uniformly banned altogether in the future. Whatever your choice, make it with a full consideration of both sides of the issue in mind.

 

Experience Market Travelling in Asian Countries

While you are travelling to different country, you are not only enjoying the attractions but also the local market. This is fun thing to try during your vacation abroad especially in Asian countries.

Market travelling in Asian countries

Asia is rich in cultural diversity which makes it one of the most exotic places to visit. Well, there are many places you can visit in Asia. Aside from the tropical forest or beach, you should try visiting their local market.

It is exciting to do. You don’t have to think of many things when market travelling. You just enjoy the experience to the fullest and buy what you want.

How to truly enjoy market travelling in Asian countries

Asian countries are always buzzing with life and frenetic activity and everyone know that already. Market is the best place to prove it. That is where you can buy the things you don’t actually need.

Market is indeed a place full of fun. However, you need to remember that night market is different than local market. Night market is purposely built for tourist attraction. The setting is built in certain theme to fit the tourist’s liking and the price of the goods is often overboard.

Market travelling will only be worth it when you visit markets where the locals go to do their activities like buying, selling and trading various products. Here are tips to truly enjoy your market travelling when you are in Asian countries like Indonesia, Vietnam, India, Korea, etc.

  1. Try your best to arrive as early as possible. The market is usually livelier when you arrive early. However, you will not have to deal with over crowds. Besides, merchants often offer lower price for the earliest visitor to their booth as a lucky day. They tend to have more energy to interact nicely so you can close the best deals.
  2. Since you are the tourists, you will likely receive more attention from the locals. However, stay calm and keep going. You don’t have to worry too much when they stare at you or ask you many questions about where you come from. You can even take advantage of their attention by interacting properly.
  3. You must realize that market is the place where you need to negotiate well. However, you don’t need to be all serious while negotiating. There is no need to glare or stare at them just to win over lower price for the things you want to buy. Try to be playful and consider it as fun game. Even if you fail to get the price you want, consider it as the way you contribute to inflate the locals’ profit. Or if you don’t agree with the price, just don’t buy it and don’t make unnecessary argument.
  4. The art of enjoying market travelling is the food. In Asian markets, you will find many interesting foods to try. They are inexpensive and authentic. Make sure you bring small change to buy cheap delicacies throughout your exploration in the market. It is also often that they give you small bites or sample for the food they sell so you can taste them before deciding to buy them.

Most Common Questions Coming from Real Estate Investors

Most Common Questions Coming from Real Estate Investors
In real estate industry, there are frequent questions asked by investors. Those questions are not only questions because they can benefits investors to improve their skills to run their real estate business. It is actually good for investors to ask some questions either they are questions that certainly almost everyone has or they are type of questions in which investors are afraid to ask. However, the goal to become successful investors should motivate them to overcome their fear and ask any questions they think are important to know. Besides, there are always answer for every questions. The most important thing is not to ask question but to find the right answer.

 

List of the most common and frequent questions asked by real estate investors

The experts in real estate investing always say that asking question is a good start. Asking many questions means you have more chances to improve your career and skill. Real estate investing field is a huge deal. That is why it is always right to ask some important questions before anything else. Here are some questions often pop up from investor’s mind:

How important is license for an investor?

This is frequent question asked by investor especially the beginners. There are actually advantage and disadvantage of being licensed agent. In one side, you will be able to close huge deals which earn you larger profit. You will also obtain larger network channel. On the other side though, being licensed agent is not easy to acquire since you need to invest your energy, time, and money for practice. Thus, it is the matter of individual’s goals.

What is the most effective marketing strategy?

For new investors, it takes time to see whether or not the strategy used to earn profitable deals works. It can also be overwhelming since there are many different kinds of strategy in this industry. However, it is recommended to use direct mail campaign for beginners since it’s more manageable for new investors. You can track the results of your campaign in which will help you to find the right market you will focus on.

How to generate leads to close a deal?

Closing the first deal does matter for new investors. It is a huge achievement no matter how small the profit is. It is because generating leads which can earn a deal is not easy and needs hard work. There are many strategies to apply such as using social media as marketing tool, creating website which contains content marketing, etc. You need to give clear information about your brand, service, and qualities.

How to make the right brand for my business?

Branding is indeed important in every business. That is why choosing a name as a brand is supposed to be selective. Your business brand should represent your identity, philosophy and service you offer to the customers. There is no need to rush in creating your brand. Pick the name carefully since it is kind of permanent for your business.

 

The Importance of Education in Real Estate Business

Running a successful real estate investment is not an easy feat. You need to do your due diligence and being consistent to work hard. Three important elements which can help you gain success in real estate business are systems, coaching, and education.

Logically, education is like a foundation needed in every aspect. It is not surprising that it hold important role in real estate investment as well.

Investing is promising yet challenging. Education is not the only one factor which can help you reach the top. However, education as a foundation will help reducing the costs as well as risks related to the investment.

Education and real estate investment

The importance of education in real estate business

Education to know and learn more about real estate investment doesn’t have to be all formal. You can learn from various sources. There numerous programs, courses, and couching for online education regarding to real estate investment. This can help you to get started and choose the right steps.

This type of education is suitable for those who have no much time to spend for traditional setting-like education which requires fixed schedule. Online education also provides more options for you to choose the topics and courses you want to learn specifically.

To get educated, you can do it yourself or trained by others through proper coaching. There are many sources of knowledge to get as technology today is supported almost everything. You can watch videos from YouTube to gain more knowledge about real estate investment or to build some courage to get started.

Then, you can also opt for online coaching to get educated. This way, you will be guided to the right path in real estate investment and property industry. Online coaching gives you benefits since they provide observation, accountability, encouragement, as well as inspiration. Those are awfully beneficial for you as a beginner in investing.

In your attempt to get proper real estate education, it is important to find the right resources especially when you choose online education. There are many resources which can mislead you from having the proper education. When you find the right resources, you will earn the right information, tools, and plan to get started.

By being educated in real estate investment, you will also be able to decide the best goals to set either personal or financial goals. For better result, you can choose coaching program which provides you one-on-one coaching. Thus, you will be given exclusive access to live training events as well.

It is also important to navigate your education space regarding to real estate investment.in navigating, you need to determine first what your goal is. People consider real estate education to earn license and others simply to establish or further education. By deciding your goals, it will be easier to find the right tools to help you get started with the education.

Make sure to choose wisely the education space so that what you earn will help you gain more knowledge and prove your skill in real estate investment. Finding reliable sources online is a must thing to do to educate yourself.

Most Common Questions Coming from Real Estate Investors

In real estate industry, there are frequent questions asked by investors. Those questions are not only questions because they can benefits investors to improve their skills to run their real estate business.

Some of most common questions coming from real estate investors

It is actually good for investors to ask some questions either they are questions that certainly almost everyone has or they are type of questions in which investors are afraid to ask. However, the goal to become successful investors should motivate them to overcome their fear and ask any questions they think are important to know. Besides, there are always answer for every questions. The most important thing is not to ask question but to find the right answer.

List of the most common and frequent questions asked by real estate investors

The experts in real estate investing always say that asking question is a good start. Asking many questions means you have more chances to improve your career and skill. Real estate investing field is a huge deal. That is why it is always right to ask some important questions before anything else. Here are some questions often pop up from investor’s mind:

  1. How important is license for an investor? This is frequent question asked by investor especially the beginners. There are actually advantage and disadvantage of being licensed agent. In one side, you will be able to close huge deals which earn you larger profit. You will also obtain larger network channel. On the other side though, being licensed agent is not easy to acquire since you need to invest your energy, time, and money for practice. Thus, it is the matter of individual’s goals.
  2. What is the most effective marketing strategy? For new investors, it takes time to see whether or not the strategy used to earn profitable deals works. It can also be overwhelming since there are many different kinds of strategy in this industry. However, it is recommended to use direct mail campaign for beginners since it’s more manageable for new investors. You can track the results of your campaign in which will help you to find the right market you will focus on.
  3. How to generate leads to close a deal? Closing the first deal does matter for new investors. It is a huge achievement no matter how small the profit is. It is because generating leads which can earn a deal is not easy and needs hard work. There are many strategies to apply such as using social media as marketing tool, creating website which contains content marketing, etc. You need to give clear information about your brand, service, and qualities.
  4. How to make the right brand for my business? Branding is indeed important in every business. That is why choosing a name as a brand is supposed to be selective. Your business brand should represent your identity, philosophy and service you offer to the customers. There is no need to rush in creating your brand. Pick the name carefully since it is kind of permanent for your business.

Natural Stones for Your Environmentally Respectful Properties

Natural stones offer numerous benefits that simply shine compared to other materials. Not to mention, it is literally made of the earth—once buried deep, or formed in the surface of the earth. It’s been known that the costs associated with building houses from stones is far outweighs by the benefits of these houses as well as the efficiency that these house demonstrate. Conventional buildings often require more energy and water resources, which makes them inefficient and the opposite of cost effective. The usage of stones in your buildings when used right can help you address important issues of environment and efficiency.

Natural Stones for Your Environmentally Respectful Properties

Stones pass the test of time

Stone buildings are often a reminder of ancient civilizations. This is partly due to stone dwellings have been a part of the human history since the dawn of time. Down from megalithic period of prehistory, the existence of stones have been as close as it can get to human civilization.

There are numerous surviving buildings to this day—most of them are made out of stones.

Some popular examples include pyramids. A lot of stones are known to be heat resistance, and even under extreme weather conditions, stones take millennia to change appearance.

 

Stones are extremely durable

One of the most durable materials for any construction, be it buildings or furnitures, is undoubtedly stones. Stones, made out of molten rocks, some formed deep within the earth, is arguably the very thing that made Earth itself. There are plenty examples that can be witnessed in everyday lives where stone buildings survive. Stones lasts for generations, and simply put, stones are symbol of longevity.

 

Stones are low maintenance

It requires effort to make a permanent stain on a stone. The dense materials that made up the surface of stones make it difficult for stains to stay. Cleaning stones are generally very easy and usually require no more than a bit of soap water. Because of its durability, stones also require very little maintenance in terms of repair. Stones are also famous for being the solution to low maintenance kitchen countertops. A lot of stone countertops are non props as well as scratch resistant, making it a highly durable item that would last possibly for multiple generations.

 

Stones are great thermal mass

While stones are arguably not the best insulator, because of the pure mass of stones,

Both heavy and dense, stone is arguably the best thermal mass from natural sources.

Used in the right, strategic way, stones greatly help with maintaining comfortable temperature for your interior all year long.

 

With good insulation on the outside, the thermal mass brought upon by stones will absorb heat during the time the sun is out, and release the heat in a gradual manner, so a sudden drop in temperature inside your house is not something for you to worry about

The strategic placing of the thermal mass provided by these stones should also be well thought out. Putting thermal mass near a source of heat such as the fireplace is a good example. Another thing to note is to avoid putting stones on poorly insulated areas.

 

What is McMansion?

McMansions used to be a housing trend and was a symbol of wealth. The sheer size McMansion houses have is quite a stark contrast among all other types of houses. However “McMansion” is largely a pejorative term, despite most of the houses classified into the luxury housing categories.

McMansion denotes a fast-fashion much like the fast-food joint, McDonald’s. It’s a mass-produced houses that rose to popularity in the 80s. The marketers often refer to these houses as executive homes or “tract mansions”. Mcmansions are most often found in the suburban area where population is low in density, in other words, in the residential area. These mansions are sometimes also called as “starter castle” and “garage mahal”, the latter denoting the often oversized garages that can fit more than three cars at once.

Some of the most apparent characteristics of McMansions are poor design practices, poor architectural execution, use of low quality materials, as well as poor craftsmanship. A lot of McMansions have mismatched architectural elements and style, often making certain elements of the house so out of place. Roof style mismatch is one of the most common McMansion characteristics.

A lot of the elements of the house are for mere cosmetic use, instead of serving a real purpose. A common example is house pillars. Often times, they are merely plastered on, without any real not practical use. Pillars are often considered to show the image of “wealth”, and McMansions have a lot of these.

Turrets are one of the most common of these “illusions of wealth” McMansion sports. The blog mcmansionhell.com pointed out that turrets are “obligatory”. Often, turrets are also merely half-turrets, or an attached part of the house shaped to mimic a turret; making it a half turret, or as mcmansionhell described it, a fake turret.

There are a lot of stick-on elements that simply exist for the sake of being an accessory of the house, except for the fact that they’re often an eyesore. Fake window covers are commonplace. The sizes of the covers themselves are also often disproportionate to the size of the windows, making it seem as if the builders don’t spare a thought at all to the designing and building of the house.

McMansions also seemed to be falling out of favor. McMansions were once considered great investments in the 80s and 90s. However in the housing crash in 2007, not a lot of people are capable nor willing to purchase McMansions. The larger the house, the bigger the tax , as well as everything associated with the maintenance. There was an analysis by Trilia that shows people who are willing to pay for McMansions decreased considerably in a mere four years.

There is also the fact that Millennials are not yet “settling down”. Millennial are also known to have far smaller interest in marrying and having kids, and those that do, do them at a much slower rate compared to the generations before them.

 

How To Find A Good Bali Villas For Sale

Bali is a popular destination in Indonesia. Based on statistics in 2018, as many as 2.8 million tourists, both domestic and foreign tourists, visit Bali. Not counting those who decide to live in Indonesia. No doubt property prices are increasing every year. Don’t expect to get accommodation at easy prices, especially during high season. This is the reason why Bali villas for sale are hunted a lot.

Do you want to find Bali villas for sale? You have at least 2 options available. You can search through the internet or through trusted property agents. You can rely on knowledge, contact the property agent to get a villa.

If you have a little knowledge about property and conditions in Bali, you should look for someone who is reliable and can help you. Hiring a property agent looking for Bali villas for sale has its own advantages. They know exactly and in detail everything related to the condition of Bali. Their relationship with the owner allows Bali villas for sale according to your budget.

Property agents can easily give you a choice of villas according to your budget. You can talk to the property agent to say what you have in your mind. In the process, they will help narrow down the choices you really want. Allows you to get a furnished villa.

If you don’t have a property agent that is recommended to do research on the web for a trusted property agent. It should be noted that trusted property agents include a lot of information about the company. Starting from contacts, services up to their clients before. You can call and listen to information on how to do their work. Scheduling a meeting is the next stage if you can trust the property agent concerned. Contacting their client before can help a little to know how reliable they are in the process.

If you have experience in hunting for property, either measuring the condition of the villa or the market price, you can search through the internet and see a list of Bali villas for sale. If you are not familiar with the area in Bali, it’s a good idea to visit and survey the location of the villa. Looking at day or night gives an idea of how strategic the location of Bali villas for sale you want. This is a way to find good Bali villas for sale and might be the start of a business for you.