Archive for June, 2010

There Are Several Ways to Set Your Home Sales Price Without a Realtor

Tuesday, June 29th, 2010


You don’t need a Realtor to determine the price you offer on your asset for sale on the cyberspace. However, you must learn about how to do it yourself and how to seek out help from several places.

real estate agents will tell you that you need them to figure out the right cataloging price by using a Comparative Market Analysis (CMA). A CMA does offer a lot of solid information about real estate transactions in your community. However you don’t need to register your property with a real-estate agent to gain one, since flat-cost websites and FSBO web pages offer them.

The key fact in setting your home asking price is to look at what other properties have sold for in your location. The ideal price is set by the housing market, meaning actual sales.

I know a man who sold a home on a free advertising online site who had set his price by driving around his area and finding out what the asking prices were for all houses registered for sale. He adjusted for different factors like:

  • HouseReal estate condition
  • Age of the home
  • Amenities and special features
  • Location

Then he determined an ideal price for his FSBO registering compared to the other real estates on the housing market. He decided he careed to register his house at slightly under fair housing market value. His reasoning was he careed some offers rapidly and he thought he might be able to receive multiple offers. Sometimes competing customers will bid up the sales price by bidding against each other.

If you sell a building that will be mortgaged then the lender will request a formal appraisal from a certified a qualified person. You may as well go ahead and gain one sooner than later since it have the ability to support you set your ideal lisingt price. This is not something property agents pay for anyway.

You could go one step further and find out what valuator is used by a quality home loan lender in your location. Then you could talk to the lender and make arrangements for a home loan for your eventual real estate buyer. Your appraisal will already be done.

You Could Learn the Top Secrets of Quick Home Sales by getting the brand new and exciting book full of hot guidelines on how to sell your real-estate quickly at the highest price. Don’t even list your property until you read this capital guide to fast and hassle-free property sales. The Top Secrets of Quick Home Sales by Leo J. Vidal is a valuable home selling tool you can’t be without.

Leo J. Vidal, JD, MA, CPA is a real estate marketing expert, owner of an internet marketing company, and a Realtor who helps owners sell their real-estate fast.

Selling Your Vacation Home Quickly at the Highest Price

Tuesday, June 29th, 2010

If you are trying to sell a vacation house today you are facing a difficult challenge. There are fewer customers out there, and there is even less home loan money available for those who might wish to buy. Mainly because times are difficult for real estate sellers you will like to do everything possible to find a buyer. Whether you are putting up for sale FSBO or with a real-estate agent you still need to take responsibility for the promotion of your property.

property agents using advertising ways from the past will not be as successful for those who are using the marketing formulas of the future. In the future more and more real estate will be marketed, viewed and sold on the internet. The #1 Secret for you to sell your vacation property rapidly is to take full advantage of all of the promotional and advertising outlets online. You should have a total web marketing strategy for your property.

What a Total Web Promotion Strategy Will Do for You:

  1. Make sure your property is highly ranked on all major search engines, such as Google, Yahoo, and Bing.
  2. Add your vacation property’s custom internet site into a network of social media internet sites, forums, and networking sites, giving you widespread exposure.
  3. Utilize videos and audios to bring hundreds of prospective potential buyers to your property site.
  4. Create custom flyers for your property and distribute them through desired networks.
  5. Capture email information from all traffic to your property’s custom internet site and put them into a follow up system that converts users into buyers.

A Total Web Promotion  Program for your property will bring you many prospective customers if done correctly, so be sure to seek out professional aid to take full advantage of the opportunities.

You May Learn the Top Secrets of Swift Home Sales by getting the brand new and exciting book full of hot hints on how to sell your real-estate quickly at the highest price. Don’t even list your property until you read this invaluable guide to fast and hassle-free property sales. The Top Secrets of Quick Home Sales by Leo J. Vidal is a valuable home selling tool you can’t be without.

Leo J. Vidal, JD, MA, CPA is a real estate marketing expert, owner of an internet publicity company, and a Realtor who helps property owners sell their property fast.

Grab Cash Now – A Must Scan Guide To Write A Winning Business Arrange

Tuesday, June 29th, 2010

Ever thought of beginning a business?Have you ever contemplated beginning a business venture? But perhaps you are in need of money to get started. In need of money though? Sourcing for capital is unquestionably essential Capital is a necessity and sourcing for capital is a must.if you wish to grow the business and tide your business over the initial tough period. In the below article, I will share with you the necessities to writing a successful business arrange to help you get higher alignment with your team and also to convince the potential investors that you have done your due research and work, and have a clear idea of what you’d wish to achieve each in the short and long terms. This short article will help you write a successful business arrange to convince investors that your venture is sound and ready to go.While not this business plan prepared, who can be convinced to lend you huge sums of money, right ??

Therefore read on now to seek out out more…Read below to learn more…..

Outline of a Successful Business arrange Steps to A Successful Business Arrange

one) Government Outline

a pair of) Client Would like and Business Chance

– (Client)Who are the targeted customers?

– What are their wants?What are their desires?

– What are the characteristics affecting shopper behavior?What factors affect consumer behavior?

– (Business Opportunity) realise the character of the business markets

– Analyze the business buyer behaviour and method Study the business buyer behavior and theories.

– Perceive the customer-Decision Process for brand new product Determine how the customer decision process works when it comes to brand new products.

– Further analysis for institutional markets (eg: hospitals)Further steps to take to analyze institutional markets.

3) Market and Competitive Analysis

– Analyze the market surroundings through the company¡¯s micro and macroenvironment Study the market surroundings through corporate micro and macroenvironment.

– Understand the merchandising analysis method Determine the merchandising analysis methods.

– Find out current competitors and the present wares, and explain why our product have

a plus over theirs Determine what products the competition offers and explain why our product exceeds theirs.

four) Business Strategy and Key Milestones

– Sorts of market segmentation Types of Market Segmentation

– Perform target selling by evaluating completely different teams, selecting requisite groups, and

choosing strategy of selling

– Positioning: establish possible competitive advantage, selecting the right competitive

blessings, selecting an overall positioning strategy(Worth Proposition) , developing a

positioning statement and communicating and delivering the chosen position

– Create use of promotion, pricing partnership and PR to realize initial entry

– Anticipating and Countering Competitive Reaction Be Aware and Ready to Counter Competitive Reaction.

– Brand Development and Other Entry Barrier Building Mechanisms to Defend Position

– Market Growth/Diversification/Internationalization Strategy

– Enlargement of Partnership, Affiliation and JV Methods to Sustain Growth/Diversification

– Maintaining & Exploiting Options for Multiple Revenue Models

– Building Market Sensing Mechanisms to Learn and Adapt

five) Product Development Set up

– Work by R&D team R&D team work

– Concerns in planning a successful prototype within the short amount of time

– Product testing Testing of Product

– Take a look at marketing Study and analyze marketing

– Potential Commercialization chiefly based on results from take a look at selling, and therefore the factors to take

note

– Picking a sequential product development style or simultaneous product development.

six) Selling Set up Determining Sequential product development style

– 4 P¡¯s to consider: Value, Product, Promotion, and Place Pay attention to the 4Ps: Product, promotion, place, price

– Pricing: Factors to think about from internal and outside(a) factors. Perceive the varied

general pricing approaches like cost-based mostly pricing, price-based mostly pricing , and competitor

based mostly pricing. Additionally underneath pricing methods like market-skimming and market penetration

pricing. Check out product mix pricing methods, value adjustment strategies, and see that

is more pertinent.

– Product: Choose things like product attributes, branding, packaging, labelling and

product support services. The merchandise must appeal to the target market Product must appeal to targeted audience

– Place: Primarily concerning distribution network, figure out the availability chains and also the price

delivery network, choosing the sort of channel style, channel management decisions.

Making marketing logistics and integrated offer chain management.

– Promotion: Applying the marketing communication theory mix including advertising, sales

promotion, public relations, personal selling and direct promoting, and see a way to integrate

into one. Use communication theories mix such as sales promotion, direct promotion and advertising. Perceive the communication method with customers, and understand the steps in

developing effective communication which include identifying target market, determining

communication objectives, designing a message, choosing a media, choosing the message

source, and assembling feedback.

7) Operation Arrange

– The operating arrange should describe facilities, location, area needs, capital

equipment, and labor force that are required to provide the corporate’s product or service. Operation should detail facilities, location, capital equipment and labor force requisite to corporate’s product.

eight) Management and Key Personnel

– The management team is the key to turning a sensible plan into a successful business. Key to a sensible plan becoming a successful business is the management team. Bankers

and investors seek for a committed management team with a balance of technical, managerial,

and business skills. Investors look for a committed management team with diverse skills in management and technology.The proposal ought to embody a description of the organizational

structure, key management personnel and their primary duties, and the board of directors, if

applicable.

– Describe the exact duties and responsibilities of every key member of the management team.

For each individual, embrace a brief statement of career highlights that focuses on his or

her ability to perform the assigned role. A whole CV for every member ought to be

included as an exhibit to the business plan.For every member a CV should be included as an exhibit for the business plan.

– In a table, present the key management roles in the company and therefore the individual who can

fill each position. Discuss any current or past situations where the management personnel

have worked together, and indicate how their skills complement each other and lead to an

effective management team.

9) Money Projection

– The money plan is basic to the analysis of a business opportunity and ought to

represent your best estimate of future operations. It can also function an operating arrange

for your management team.

– Includes sources and use of funds, estimated money flow analysis, P&L, and balance sheets.

ten) Risk Factors and Key Assumptions

11) The Proposed Giving

– The potential edges an investor will expects to induce back from investing in your

business. No one likes to lose money, right ?? Key Performance Indicator would be ROI

(come back on investment)

———————————————————–

In conclusion, with this basic road map, you currently a higher idea of what to incorporate in an exceedingly

business arrange to form a convincing statement and proposition to the potential investors.

Next step is to start the momentum going !! Time and Tide anticipate no man.

For more information business consultant

About for sale by owner

See for sale by owner

By John Crowe Article2008.com

The Benefits of Buying Real Estate in Today’s Economy

Monday, June 28th, 2010

Although the economy is in a upheaval, opportunities are available as well. Mortgage rates are at an all-time low and the large number of foreclosures creates a lot of opportunities to buy a home or business at an exceptionally good price. Every where one looks there are homes that are foreclosed or being auctioned off. These are homes that were once the property of a proud home owner and are now being cast off by the banks and lending institutions as burdens. There is oftentimes nothing wrong with the homes, but because the payments could not be made, the home is up for sale at a depressed price. This can create an opportunity for those who can afford to make the payments and are able to obtain financing.

While it has been difficult to get a large mortgage, those individuals who can afford to get a mortgage by having a large down payment and good credit rating have a good chance at it. Recent changes by the Obama Administration should make it easier to obtain a mortgage. Housing values in most parts of the country are decreasing, making it conceivable to get a home that is worth much more than the sale price. This can lead to a very good investment if one is looking to stay on in the house for a longer period. The housing values should shift within the next couple years, and those houses that were priced less and still had difficulty being sold will be able to be priced higher and still sell quickly. In a few years, the housing market should be good for sellers again, just as this market is good for buyers.

Foreclosures can also lead to great investment opportunities. Many foreclosures are in neighborhoods that are less than desirable and the houses themselves may not have been kept in top shape, there are also many gems in the foreclosed market. These are families that merely got in over their heads and lost their homes due to adjustable rates or other problems. By having the house inspected, one can avoid any damage that the houses took while going towards foreclosure and one can get a great foreclosed house.

A great place to begin looking for a real estate bargain is Prime Real Estate Bargains. The site lists residential and commercial real estate, and land in all 50 states.

Phoenix : The Place to Be

Monday, June 28th, 2010

 

Phoenix  is the capital and largest city of the U.S. state of Arizona, as well as the fifth most populated city in the United States. Phoenix is home to approximately 1.5 million people, and is the anchor of the Phoenix metropolitan area (known as the Valley of the Sun), the 12th largest metro area by population in the United States with nearly 4.3 million people. In addition, Phoenix is the county seat of Maricopa County, and is one of the largest cities in the United States by land area.

Phoenix was incorporated as a city in 1881 after being founded in 1861 near the Salt River, near its confluence with the Gila River. The city eventually became a major transportation hub in North America and a main transportation, financial, industrial, cultural and economic center of the Southwestern United States. The city has a notable and famous political culture and has been home to numerous influential American politicians and other dignitaries, including Barry Goldwater, William Rehnquist, John McCain, Janet Napolitano, Carl Hayden, and Sandra Day O’Connor. Residents of the city are known as Phoenicians.

Located in the northeastern reaches of the Sonoran Desert, Phoenix has the hottest climate of any major city in the United States. The average high temperatures are over 100°F (37.8°C) for three months out of the year, and have spiked over 120°F (48.9°C) on occasion.

Since the year 1986, Phoenix has been divided into  small urban villages, many of which are based upon historically significant neighborhoods and communities that have since been annexed into Phoenix. Each village has a planning committee that is appointed directly by the city council. According to the village planning handbook issued by the city, the purpose of the village planning committees is to work with the city’s planning commission to ensure a balance of housing and employment in each village, concentrate development at identified village cores, and to promote the unique character and identity of the villages.

The early economy of Phoenix was primarily agricultural, dependent mainly on cotton and citrus farming. In the last four decades most of the farmlands have been turned into suburbs, and the economy has diversified as swiftly as the population has grown. The construction boom collapsed in 2008, as the nationwide recession began; housing prices plunged. As Phoenix is the state capital, many residents in the area are employed by the government. Arizona State University has also enhanced the area’s population through education and its growing research capabilities. Numerous high-tech and telecommunications companies have also recently relocated to the area. Due to the warm climate in winter, Phoenix benefits greatly from seasonal tourism and recreation, such as the golf industry.

Thinking of relocating to Phoenix? Find your dream house or apartments in Phoenix by using a service I highly recommend called Prop2GO.com. I recently found a very nice apartment for a steal of a price in Phoenix last month using this great service. If you are looking for an phoenix Apartments then this is the place to go! They have a number of great listings and will even send out email updates on new Phoenix apartment listings.

 

 

Dropping Housing Prices Mean Opportunities For Buyers

Monday, June 28th, 2010

Following the subprime disaster of 2007 and the mortgage collapse of 2008, many homeowners are facing a harsh situation as real estate values drop sharply along with the stock market. Many individuals have watched their real estate values go down sharply to under the level that they purchased the house for in the first place. This trend is upsetting for homeowners, but presents buyers with an opportunity to purchase a home at a low price. Lenen doorlopend krediet explains how the Dutch solve this.

The low real estate values do not bode well for the economy. Homeowners who once regarded their house as a safe place to put their money are now watching their homes being valued for much less than what they consider the right value. Homeowners nationwide are wrestling with the fact that their house is now worth less than what they paid for it.

As property values have taken a beating, home starts have crashed too. There is an overflow of available and low-priced housing on the real estate market throughout the U.S.. Buyers who are in the market for a new house are all of a sudden confronted with cheap choices that they did not have before.

In the current real estate market, affordibility is extremely important. Many people who can make a significant down payment and have clean credit are now in the position to purchase a house and are taking advantage of the current circumstances to pick up a home for a low price. While banking companies might be drying up, there are plenty of other institutions and government entities that can get qualified buyers a loan.

Homeowners who are forced by financial circumstances to sell their home are realizing that it is a buyer’s market. They also realize that they may not get the price they are asking for their house, but substantially below that. If homeowners don’t have to sell because of severe financial trouble, most experts are advising people to stay where they are.

The news of real estate values going down dramatically is not good for the economy as a whole nor pleasant for homeowners. However, it is providing some people a chance to buy a house at a much lower price. With so many homes being for sale due to the foreclosure explosion, many homeowners who want to sell their homes are finding themselves in competition with with bargain priced homes put up for foreclosure.

File chapter 7

Monday, June 28th, 2010

 Do you need to file bankruptcy to stop a foreclosure sale date?

 Most California homeowners feel the only way to stop a trustee sale date is by filing for bankruptcy protection, but that is not necessarily the case and may only be a temporary fix. Most bankruptcy lawyers will advise their clients they must file bankruptcy chapter 13 to stop a trustee sale and restructure their mortgage while eliminating most of their unsecured debt. While that might sound good for some, many simply can’t afford a chapter 13 payment. They may in fact qualify for a HAMP or MHA government approved loan modification and restructure their mortgage first, then file chapter 7 and wipe out all their unsecured debt. A bankruptcy attorney who understands loss mitigation as well as foreclosure laws and timelines may be your best option. An attorney who has the experience may have the ability to simply review the client’s financial information, contact the lender and postpone the trustee sale for 30-60 days right over the phone, without the need to file for bankruptcy protection. This process may allow our attorneys the proper time needed to negotiate a lower interest rate and restructured mortgage that’s reasonable and help our clients keep their home. In most instances loan modifications offered to homeowners in default is nothing more than an unaffordable forbearance agreement thus forcing them into bankruptcy at the eleventh hour to stop the sale of their home. This is not the only option available, but the common practice of most real estate and bankruptcy attorneys. In June 2010 new HAMP programs may offer principal reductions down to fair market value with low interest rates as well. This is a huge benefit to struggling homeowners who are in a negative equity position and severely upside down on their homes.  Obviously the homeowner needs to have the ability to make a reasonably modified payment. A bankruptcy attorney may also use the threat of filing bankruptcy to negotiate with a lender if they are not willing to cooperate. Typically, something is better than nothing if they are going to lose money by foreclosing

If a borrower has a 2nd mortgage we can eliminate it several different ways. We find after getting a loan modification on a first mortgage we can settle the unsecured 2nd mortgage for pennies on the dollar or file for bankruptcy chapter 13 and strip the 2nd lien completely. This is a strategic and legal way to get a principal reduction. For instance, in one case our client was able to strip a 2nd lien in the amount of $200,000 on a property now worth $700,000. The home use to be worth about $975,000 and the 1st trust deed is only $725,000. By utilizing this combination of a loan modification followed by a chapter 13 bankruptcy when the California real estate market rebounds so will our client’s equity. If your income is low and your property value is upside down it’s “the perfect storm”.

 Filing a chapter 13 bankruptcy will give someone the opportunity to restructure their debt and repay a small percentage of their secured and unsecured debt over time, typically 3 -5 years. If you are current on your mortgage a chapter 7 bankruptcy allows one to completely eliminate their debt, keep their home,  and get their life back on track. As long as the 1st mortgage is current or brought current, clients can keep their home and eliminate all their unsecured debt with a chapter 7 if they pass the means test.  When a loan modification is combined with a bankruptcy chapter 7 or chapter 13 it can be a very powerful tool, allowing homeowners to reaffirm debt and in many cases keep what they want. Whether our clients want to keep, sell or walk away from their home we can help. For a free and confidential consultation with an experienced bankruptcy attorney call the Law Offices of Zhou & Chini today at 888.901.3440 or visit us on line at www.BankruptcyAttorneyinCalifornia.com

Helpful Tips In Choosing A Property Having Good Resale Value

Monday, June 28th, 2010

Real Property is classified as a fixed asset.  Unlike other assets that devalue with time, a real estate gets higher value with time.  This is why buying a home is a wise investment.

Most of us don’t live in the same house for the rest of our lives.  There may come a point when you have to sell the house for reasons that you have to relocate or you get a good raise and want to buy a bigger house.  Either way, you want to receive a good amount for the house that has become part of your life right?

Though it may seem odd to think of the resale value of your future home but it makes sense.  A house with a good resale value and easy to dispose has added benefit.  It may be take more effort to find such house but you’ll reap the fruits later.  To find a home with a good resale value, here some tips while still in the process of buying:

1. Choose a home that is in a location that others may want too.  House location is the greatest consideration for home buyers nowadays.  Houses situated in in-demand and top choice subdivisions will surely be easy to sell.  A growing town and changing community will have a greater value in the next years.

2. Avoid house with outdated features.  This includes features like heating systems, baths, ceilings, paints, etc.  Houses with one or two baths take longer to sell.  You can make some renovations but make sure you make an analysis of the cost and the end value of the home.

3. Browse real estate ads.  Know the primary home buyers in your area and the features that are in demand.  Consider the number of levels, number of bedrooms and baths among others.  For example: families with children prefer a house away from busy streets while senior citizens prefer a one level home.

4. Homes with cosmetics updates are often priced under market value.  A home that needs some quick and inexpensive fix is worth investing your money with.  Some paint, appliances and few fixtures will make a home look like it underwent a complete overhaul and enhance the home’s appeal.  Just be sure to choose quality products and install them with care.

5. Determine what is in demand in your locality with the help of a real estate agent.  Closets, natural lighting, and scenic view often get the buyers attention.  Real estate agents are always equipped with the buyer’s wish list.

Buying a real estate with a good resale value is a wise investment.  But it doesn’t mean that you will sacrifice your needs.  Prioritize what you need then consider its resale value.  Consulting a real estate company like Scottsdale Real Estate will give you a good idea of the popular features the buyers look for, as well a house that suits your needs like Scottsdale Homes.

Relocating to Charlotte, NC

Sunday, June 27th, 2010

Charlotte is the county seat of Mecklenburg county and is the largest city in the state of North Carolina . Charlotte’s population was estimated to be 687,456 in 2008, making it the 18th largest city in the United States. The Charlotte metropolitan area had a population in 2009 of 1,745,524. The Charlotte metropolitan area is part of a wider 13 county labor market region or combined statistical area that has a 2009 estimated population of 2,389,763. Residents of Charlotte are referred to as “Charlotteans”.

Nicknamed the Queen City, Charlotte and the county containing it are named in honor of the German Princess Charlotte of Mecklenburg, who had become queen consort of British King George III the year before the city’s founding. A 2nd nickname derives from later in the 18th century. During the American Revolutionary War, British commander General Cornwallis occupied the city but was driven out afterwards by hostile residents, prompting him to write that Charlotte was “a hornet’s nest of rebellion,” leading to another city nickname: The Hornet’s Nest.

Charlotte has a temperate climate. It is located halfway between the Appalachian Mountains and the Atlantic Ocean , and between Washington, D.C. and Atlanta, Georgia. Charlotte is located along the Catawba River and near Lake Norman, the largest lake in North Carolina.

Forbes has named Charlotte as the third most undervalued real estate markets in the U.S. in 2007. In 2008, Charlotte was chosen the “Best Place to Live in America” by relocate-America.com in its annual ranking, based on factors including crime rates, employment opportunities , and housing affordability. It was also named #8 of the 100 “Best Places to Live and Launch” by CNNMoney.com; cities were picked for their vibrant lifestyles and opportunities for new businesses} Lifestyle was also noted when in 2007 Prevention Magazine rated the city the fourth best “Walking City” in the nation, and the best in North Carolina, and Self Magazine named it one of “Five Cities with Big Outdoor Appeal” for features like its Public Art Walking Tour, accessible museums such as the Mint Museum of Craft + Design, and nearby outdoor excursions like the U.S. National Whitewater Center

Free Relocation Packages for Charlotte, NC

5 Ground Rules for Home Buying Success

Sunday, June 27th, 2010

There are few purchases in life that carry the financial and psychological weight of buying a home.  Whether you are buying your first home, moving up to your dream home, or downsizing your home and your life after the kids have gone, it is important to understand the ground rules for success in the world of buying a home.

Making the wrong decision in buying a home can have devastating and long lasting effects, while making a wise decision in home buying can greatly enhance the overall value of the investment.  It is necessary to learn all you can about the world of home buying and mortgages before setting out to purchase the home of your dreams.

While there are plenty of web sites designed to help first time homeowners learn all they can, most financial experts say that there is no substitute for the good old one-on-one learning. Fortunately, most mortgage lenders, home inspectors and real estate agents will be able to provide this kind of one-on-one learning.

When buying a home it is often best to use a systematic approach as this is often the best way to be sure that all decisions are based on information and reason, not on impulse or emotion.  Buying a home can be an emotional process, nevertheless it is imperative to keep your emotions under control and not let them cloud your judgment.

There are five basic ground rules when it comes to buying a home and shopping smart, and they are:

<b>#1 – Get your financing before you get your home</b>

There are few things in life as disappointing as losing out on the home of your dreams due to not being able to secure funding.  While the desire to get out there are search for that great home is understandable, it is vital to line up the financing you will need before you start shopping for a home.

Getting the financing ahead of time has a number of important advantages, including knowing how much you can buy and gaining more respect from the listing agents.  By knowing how much home you can afford before you shop you will avoid wasting your time looking at unaffordable properties, and the listing agent will be more than willing to show you the homes in your price range.

It is also important to take a good look at the various types of mortgage on the market before getting started in the home buying process.  These days, mortgages come in far more choices than the typical 15 or 30 year. For that reason, potential home buyers need to understand how each type of mortgage works, and to gauge which mortgage is the best choice for their needs.

<b>#2 – Look at the community, not just the home</b>

It is a good idea to look at the entire community, instead of focusing on a single home. This can be a particularly important thing to consider for those moving to a new metropolitan area, as these buyers will be unfamiliar with the local climate and lifestyle.  It is crucial to determine the areas of town that are most desirable, and to consider things like distance from work and local shopping opportunities.

We have all heard that location is the key consideration when it comes to real estate, and that is certainly the case.  Buying a house in the wrong area can be a big mistake, and it is important to choose the location as well as the home.  Potential buyers can learn a great deal about the nature of the various neighborhoods simply by driving around town, as well as by talking to other residents.

<b>#3 – Be fair with your first offer</b>

Trying to lowball a seller on the first offer can backfire, as can paying too much. It is important to carefully evaluate the local market, and to compare the asking price of the home with what similar houses in the neighborhood have sold for.

Comparing the sales of comparable homes, what are known as “comps” in the industry, is one of the best ways to determine what is fair, and to make sure that you neither overpay or underbid on the property.

<b>#4 – Always get a home inspection</b>

Always investigate the home for any possible defects before making an offer.  Compared to the cost of the average home, the price of a quality home inspection is virtually negligible. Hence, get a good home inspection done before you buy.

To find the best home inspector, it is a good idea to seek out word of mouth referrals as many of the best home inspectors rely on word of mouth advertising.

<b>#5 – Do not alienate the sellers of the home</b>

Many real estate deals have fallen apart due to the personal animosity of the buyer and the seller.  It is important to avoid alienating the seller of the home during the process, and to avoid nitpicking every little detail during the sale.

Keeping the good will of the seller will help the transaction go smoothly, and it will provide the best environment for seller and buyer alike.