1 + 1 = Home

The basic exterior look of your home depends on two main elements: the house and the yard. Learn to integrate these elements together, so that they appear like natural extensions of each other. If, for example, you decide to use landscaping and ornaments to accentuate your front lawn, use a simpler design for the actual house, so that both elements work together rather than compete against each other. Experiment to find which element is stronger (not all lawns are created equal), and use the other to bring attention to it. At the very least, make sure that your house looks like it belongs on your lawn, and wasn't just plopped there by some kind of giant accident.

Making your yard an extension of your house also makes your house look bigger, which, in turn, makes it look more expensive and better.

It's a Landscape!

One of the most underused tools in exterior decorating is the actual look of your neighborhood - both manmade and natural. Many homeowners focus so much on just their own homes that they forget to take a step back, quite literally, and look at their homes from a distance. This means that they are blind to the look of other houses, and the general environment, of their neighborhood. Don't make that mistake.

Here's a tip: take some photographs of your home. Not only are they great mementos (and start to achieve nostalgic status in a few years), but they flatten the view of your home so that you're forced to see the background as well as the foreground. On these photos, look below, around, and above your home to see what colors, shapes, and objects dominate. If there are jagged, snow-capped mountains in the background, for instance, take that into account, and use rounder, darker colors to create contrast. If your home is surrounded by trees, use earthy tones to mask elements that you don't want catching anyone's eye.

Avoid the Black Sheep

Some homeowners, in an attempt to be different - and under the assumption that everything different is automatically good - go overboard with differentiation, and create a house that sticks out like a sore thumb rather than as the best of the bunch.

A good example is roof color. In some subdivisions, and even in some small towns, there are bylaws in place that limit the type of shingle a homeowner can have (or even enforce a certain color!) in order to create a sense of visual, neighborhood cohesion. However, simply because an area does not have this type of restriction does not mean that you should slap a batch of neon green shingles on your roof just to stand out.

In many circumstances, it is often desirable to mimic some of the existing mood of a neighborhood, rather than reinventing it. If your entire street consists of brown-roofed homes, perhaps you should look into a brown roof as well - and show off your creative side on another part of the home! Which brings us to...

The General Rule

The whole point of exterior decorating is to make your home look better than the houses around it. In order to accomplish this, it has to be different from its neighbors. Use your yard and the look of your house, as well as the environment around it, to achieve this goal. However, keep in mind that not every house that sticks out actually looks good! Remember, the best sprinter in the world is not the one who can pole vault the highest.

In other words, you want your home to be all the things that the neighboring houses are - but to be them better. Do not go so overboard with changes (like neon green roofs!) that your house stops looking like a house.

About the Author

Karen Rhodes is a lifelong resident of the Chattanooga area and is a successful REALTOR®. Visit http://www.ChattanoogaRealEstateToday.com for more information on the Tennessee Valley and surrounding areas.

 

 

 

 

 

 

 

 

-------------------------------------------------------------------------------

 

ERA Othello Realty is your source for your real estate needs throughout New Jersey.  From the shores of Spring Lake NJ to Newark NJ they can handle all your real estate buying and selling needs.  For homes for sale in Monmouth, Ocean, Mercer, Burlington, Camden, Middlesex, Passaic and all the other counties in NJ.  From Central NJ to Northern NJ to Southern NJ you can count on ERA Othello Realty for New Jersey Real Estate. Aberdeen NJ Homes for Sale, Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. Look at these Listings of Homes for Sale in NJ.  We are the realtors NJ!

Supply and demand completely control the real estate market. When there are more buyers than sellers, a high demand for homes occurs. This also draws the prices up and is called a "sellers market". The opposite, a "buyers market", is one in which there are more sellers than buyers. When this happens, prices are usually low and terms are very flexible. Inventory is usually also plentiful.

There are advantages and disadvantages to buying in a buyers market. The advantages include low prices, less competition, and vast inventory.

The disadvantages of buying when the market is slow are that the value of your investment may drop before it rises again. Because of this, it's not smart to buy in this type of market unless you plan to stay in the home for at least 5 years.

All real estate agents will tell you the most important factor affecting the value of your home is its location. You should try to find property located in a desirable neighborhood. The areas are likely to appreciate over time.

Another thing to keep in mind is where exactly your home is located. Is it at the end of a street with no cross traffic or is it by a busy main road? Are there any chemical plants or factories nearby? Located near a busy shopping mall or commercial area? If you find a great house that lacks location, be sure to get a good price compared to homes with a better location.

Make sure you don't over invest in a property. You don't want to pour money into a home and not be able to make a return on your investment. Basically, don't over-improve for your neighborhood.

Before you even begin looking at listings, make sure you have actually determined your affordable price range. Ask your agent to refer you to a great lender or broker so you can become "lender prequalified". Ask your lender to explain all the financing options open for you.

Buyers who have been prequalified are at an advantage in a multiple offer situation. Ask your broker for a letter indicating you are qualified for the loan amount. Don't put the maximum you qualified for.

Preapproval is better than prequalified. To be considered preapproved you'll need to complete a loan application which includes down payment, employment verification, and a credit check. Then you're approved based on those and other factors. If you have a low down payment you may find yourself losing multiple offer competitions to buyers with a higher down payment. Get preapproved!

You're buying more than just home and property. You're buying into a neighborhood whose character will have a direct impact on your life. Make it a priority to select an area that offers qualities to fit your family's lifestyle.

Affordability will obviously narrow your choices. Also, consider your daily or weekly commute. Make your commute during rush hour from any house you're seriously considering before you make an offer.

Evaluating the long-range appeal of a neighborhood doesn't require a real estate license, and it isn't particularly hard. There are signs that you can look for that will give you a good idea of where the neighborhood is headed. Check with locals to find out if the local economy is rising or falling. Also, look for signs of home improvement in the area. This is a sign people are staying and fixing, rather than moving.

Most families are concerned about safety and stability in a neighborhood. Simply do some investigation of your own. Drive around at all hours of the day and night.

Verify school district boundaries if you are wondering by calling the local school district.

Remember a cosmetic fixer upper that is structurally sound usually has the most profit potential. They can be inexpensive and pay back double their cost.

About the Author

Karen Rhodes is a lifelong resident of the Chattanooga area and is a successful REALTOR®. Visit http://www.ChattanoogaRealEstateToday.com for more information on Chattanooga and its surrounding areas.

 

 

 

 

 

 

 

 

-------------------------------------------------------------------------------

 

If you need assistance selling your house ERA Othello Realty can share their expertise and experience with you in a friendly and professional manner.  From all aspects of selling your house: from getting a qualified CMA (Comparative Market Analysis) to advising you on the presentation of your house, marketing your home online and in print, conducting an open house, showing your house within your guidelines and discretion, constant communication, negotiating the best price for your home and being with you until closing and beyond.  We can also assist you in your search for a new home.  Please call us at 732-364-2015. We are the realtors NJ! Look at these Listings of Homes for Sale in NJ. Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ.

It's a good idea to start planning for your move well in advance. Plan even sooner if you're planning to move across country or if there's a lot of activity in the current real estate market.

If you're looking for help from a good mover, don't forget to ask for referrals. Check with your real estate agent or a friend who has recently moved. Hopefully they'll be able to recommend a reputable mover to you.

Contact a few local movers and get written estimates from them. Let them come out and see the contents to be moved so they can make a real, binding bid on the work. Bids over the phone aren't legally binding.

Make sure the movers giving you bids are fully licensed by the PUC, also known as the Public Utilities Commission. Without a license from the PUC, it's illegal for any moving company to move for profit. Plus, PUC licensed movers are required to have insurance to cover for breakage. If any of your belongings get damaged in transit, this insurance will cover you.

Please take note: some moving companies don't handle the moving of pets or plants. Remember to make proper arrangements for these before your move.

Around 2 weeks before the date of your move, make sure you call all the gas, phone, electric, garbage, water and cable television companies in both your new and old location. Request that your utilities get transferred instead of turned off. You will dodge the pricey reconnect fees that those companies love to charge.

Save money on your move and pack most of your possessions yourself, if you can. Throw away, sell, or donate anything extra that you don't want to move. Remember when you're donating to save all the receipts you get. At the end of the year when tax time comes, you'll be able to deduct the amount from your taxed income, thus saving on taxes, too.

After you have donated or trashed everything you aren't going to be moving, make an inventory of all of your important belongings that you will be taking with you. Pack up all the things you aren't using in boxes, then write the contents of the boxes on the side of the box or on top. Get strong boxes for your move, don't put your belongings at risk.

On the day before the movers arrive, make sure to pack for the trip ahead. You'll need a supply of food, clothes, toys for kids, toiletries, and anything else you might need until the rest of your belongings arrive at your new house.

Be around to supervise when the movers arrive and start unloading your possessions. You'll want to make sure that everything is there any nothing is missing or accidentally broken. Report any suspected damage or theft of your property to the appropriate moving company immediately. The actual unloading will go quickly and smoothly as long as you know in advance where you want everything in your new house to go.

All in all, moving can be a very simple and painless process. Plan ahead well in advance from the move date and be smart when working with your moving company.

About the Author

Karen Rhodes is a lifelong resident of the Chattanooga area and is a successful REALTOR®. Visit http://www.ChattanoogaRealEstateToday.com for more information on Chattanooga and its surrounding areas.

 

 

 

 

 

 

 

 

------------------------------------------------------------------------------

 

Please call us at 732-364-2015 and see what ERA Othello Realty can do for you and your real estate needs. We specialize in handling all aspects of real estate transactions throughout the New Jersey.  Whether you wish to buy a home or sell a home we will be there every step of the way.  From searching for your dream house, finding the home, negotiating the price, assisting with financing, inspection and at the closing ERA Othello Realty can help you buy your home. We list homes for sale in Freehold NJ, Jersey Shore real estate and many other New Jersey properties for sale. Aberdeen NJ Homes for Sale. Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. We are the realtors NJ!

How does a homeowner get into a foreclosure situation? The answer is usually that his or her finances are stretched too far and there is not enough money to cover the mortgage payments. Perhaps the reason is illness, maybe a job loss and inability to obtain another job or one that will pay enough to meet the individual's financial obligations. Sometimes the cause may be a bitter divorce. Or the cause may be a gambling or substance abuse problem.

Some homeowners may be intimidated by the thought of foreclosure proceedings and just walk away from the house. As a result, they lose all monies invested in their home and their credit rating is seriously affected.

When a homeowner initially begins to have financial problems that affect payment of his mortgage, this is the time to contact the bank and attempt to make arrangements to cure the problem. If the default is still at a curable stage, the lending institution might be willing to allow the borrower to pay interest only for a specified period of time. This, of course, would be based upon the probability that the borrower will be likely to resume regular interest plus principle payments within a reasonable period of time.

Banks prefer not to reclaim real estate since foreclosures show up on their records as a bad loan which is frowned upon by their investors. The bank will have to sell any property at foreclosure to the highest bidder through a foreclosure trustee. The selling price required is as near as possible to the monies still due on the loan which is frequently less than the actual market value of the property. Consequently, the bank would prefer the original loan to be paid off in its original term of fifteen or thirty years which would, of course, be significantly more profitable.

If the financially-distressed homeowner manages to improve his monetary situation prior to foreclosure, the lending institution will usually be willing to arrive at a workable solution, especially with a homeowner who has a good payment history.

In many circumstances, homeowners who can now make their entire mortgage payment but are still experiencing financial problems because of default on past due mortgage payments will be allowed to make up their arrears by adding an additional sum to their regular monthly loan payment which is usually one-half of their monthly payment.

If this financial arrangement is too much of a strain on the homeowners budget, the lender may be agreeable to interest-only payments on past due amounts added to the monthly payment. The bank would find this a workable solution if it is likely that the homeowner's finances will improve in the near future to the point where he can add full monthly arrears payments to the usual mortgage payments.

Homeowners should be mindful that if there is a possibility of not being able to meet the mortgage payments due to a sudden financial crisis, be sure to contact the lending institution immediately to notify them of the existing problem and advise them of how you plan to improve your monetary situation.

If there is no financial improvement in the foreseeable future, it is best to sell the house as soon as possible so that most of your invested funds can be salvaged and a negative impact on your credit rating avoided.

About the Author

Terri Arnold, MS, has a Masters Degree in Counseling and was a Psychotherapist for 20+ years. Writing and research have always been her hobby and she has written numerous articles for search engine optimization companies and individual business owners on such varied subjects as real estate, personal relationships, travel, credit repair, payday loans, gambling and other topics. She can be contacted at her website: www.professional-website-content.com.

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

We have hundreds of listings of homes for sale in your area. If you are interested in buying a house feel free to search through our database. This is a free service and we have a low-pressure policy. We list homes for sale in Manalapan NJ, Point Pleasant Beach real estate, Aberdeen NJ and many other New Jersey properties for sale. There is a lot of property for sale in New Jersey. Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. We are the realtors NJ!

There is a rule of nature commonly known as the "Rule of Seven." This appears in grouping situations, where control is optimized around the number seven. It appears in a wide number of situations, from the grouping of leaves on plants, to the number of chunks of information that the short-term memory can comfortably handle.

Whether you're new to the Mortgage Business or an old experienced hand...the marketing "Rule of Seven" applies equally and unmercifully to all of us. We all know that mortgage marketing is hard work and, as a good marketer you need to base your marketing program on some well established principles.

The marketing "Rule of Seven" has its origins in the motion picture industry in the depression era where movie moguls learned that it took seven messages to get people in front of their silver screens.

As it pertains to your mortgage business...the marketing "Rule of Seven" states that a new contact on your list needs to be exposed to your marketing message, on average, at least seven times before they are ready to make a significant decision in your favor.

The following statistics from the "National Sales Executive Association" seems to support this premise. Their study found the following to be true:

2 % of sales are made on the 1st contact 3 % of sales are made on the 2nd contact 5 % of sales are made on the 3rd contact 10 % of sales are made on the 4th contact 80 % of sales are made on the 5th through the 12th contact

Does that mean that people will automatically choose you as their mortgage person if you have plopped your name in front of them seven times? Absolutely not!

If you fully understand and apply this rule...you'll probably change your marketing approach when dealing with new contacts. You'll be more relaxed because you'll realize that your objective is not necessarily to originate a mortgage immediately on the first call, but to continue to build a positive relationship. You'll find ways to be more creative and continue to add value, establish trust, and show people that it's in their best interest to choose you as their mortgage advisor.

So what does this all mean? Well, that's totally up to you. But, think about how you can connect with both your clients and prospects in such a way that your mortgage business comes to you as you perform the role of trusted advisor by honoring the marketing "Rule of Seven."

Reach out, touch, and create positive experiences for your customers, clients, and prospects and you'll be in total control of your mortgage future.

About the Author

Norman Fairfield has over twenty-five years of experience in Real Estate and Mortgages. If you found this information useful, please click here for even more

 

 

 

 

 

 

 

 

----------------------------------------------------------------------------------

 

We have many listings of homes for sale. There are townhomes for sale, homes for sale, condos for sale, lots for sale and real estate for sale, residential and commercial. Aberdeen NJ Homes for Sale. We list homes for sale in Freehold NJ, Jersey Shore real estate and many other New Jersey properties for sale. Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. So, come inside and search through thousands of listings of homes for sale in New Jersey and all other NJ real estate.  Look at these Listings of Homes for Sale in NJ. We are the realtors NJ!

When buyers go out to purchase a new property, they often have unrealistic expectations. If you are not buying a new property, you should expect that they inspection of the property is going to reveal some problems.

Dealing with Problems Discovered in the Property Inspection

Much like any other piece of property, a house will develop certain characteristics as time passes. In some cases, it will age like fine wine. In other cases, however, the wine may turn out to be very bitter. So how do you know what you're getting? The answer lies in an inspection of the property.

Let's not kid ourselves. A person decides they want to sell their property, they are going to take all the necessary steps to make it look as good as possible before putting it on the market. Inevitably, this will include cleaning up the landscape, touching up paint and so on. There is nothing wrong with this. It is human nature, and the seller wants to get the most for their property that they can. As a buyer, however, you need to make sure that the corrective actions taken by the seller are not hiding some more serious problem. The answer, of course, is to have a property inspection.

Once the property inspection is completed, the inspector will prepare a written report of his or her findings. You should read this report very carefully. It is going to detail various problems with the property, problems that you need to deal with in negotiations with the seller. There are couple ways of doing this.

The first method for dealing with repairs to problems is to have the seller leave sufficient funds in an escrow account to cover the cost of repairs. The advantage of this approach is you get the property with sufficient money to make the repairs, you get to control the repairs and the seller gets to move on with their life. In fact, the solution is perhaps the most common is reached between sellers and buyers when a property has problems. The only downside to this approach is, of course, that you have to agree on the amount of money. The best methodology for doing this is to get multiple estimates from contractors in the area.

The second method for dealing with repairs is the repair credit. The situation is similar to the one above, except that the seller does not leave a certain amount of money for the repairs. Instead, the seller will actually reduce the price of the property by the estimated repair cost. As a buyer, you should be wary of taking this approach. Why? The problem lies in the fact that you are now responsible for coming up with the actual cash to pay for the repairs. For most buyers, this can be difficult given the fact that they have just spent a significant amount of money on a deposit to make the purchase. If you can swing it, and the solution can work, but you should be very careful.

Unless you are buying a new property, you need to come to grips with the fact that most properties on the market are going to have some problems. The question, of course, is how you deal with those problems.

About the Author

Raynor James is with FSBOAmerica.org - save money when selling and buying with homes for sale by owner.

 

 

 

 

 

 

 

 

-------------------------------------------------------------------------------------------

 

We have many listings of homes for sale. There are townhomes for sale, homes for sale, condos for sale, lots for sale and real estate for sale, residential and commercial. Aberdeen NJ Homes for Sale. We list homes for sale in Freehold NJ, Jersey Shore real estate and many other New Jersey properties for sale. Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. So, come inside and search through thousands of listings of homes for sale in New Jersey and all other NJ real estate.  Look at these Listings of Homes for Sale in NJ. We are the realtors NJ!

While many buyers are enamored with the idea purchasing a house, they often fail to fully investigate the house in question. House inspectors can do this for you, but you should also attend the inspection.

Why Buyers Should Attend House Inspections

While you are out looking a perspective houses, you probably noticed a few things. Unless the seller is foolish, most houses are going to be in excellent shape. The landscaping will be nice and up-to-date, the painful look excellent, the house will be very clean and so on. You will find this on most houses for one primary reason. The seller wants to sell the house! The question, of course, is whether the house is truly in good shape, or just looks nice.

As a buyer, because without saying that you should always demand a house inspection by a qualified professional. The purpose of the house inspection is to take a closer look at the quality of the house. A house inspector is going to check for things like internal water damage, termites, rot and other things that appear to be problematic. Obviously, you want to know if there are any serious problems underlying the pristine exterior of your potential house.

While most buyers know that they need a house inspection, they often don't understand the importance of attending the house inspection themselves. In fact, you should try to get the seller to attend the house inspection is well if you can pull it off. The reason for this has everything to do with reasonableness. When you and the seller both attend a house inspection, you get a first-hand account of what is right and what is wrong with the house. This will almost always cut out any riffraff from the seller about whether there is a serious problem or not. This makes negotiating a financial solution to any potential problems much easier and much more straightforward.

Even if there are no problems with the house of any significance, you should still attend house inspection. Why? Well, there is a practical answer. If you attend the house inspection, you're going to get an introduction to the practical things related to the house. You're going to find out where things such as the gas valve, water valve, electrical box and other key little things are located. You may think this is something you can do easily on your own, but you'd be surprised how hard it is to find certain things on a house.

For house buyers, house inspections are an important step in making sure you're getting a quality piece of property. That being said, it is a mistake to just rely on a report from a house inspector. You are committing to a large amount of debt, so make sure that you get out there and understand what you're buying.

About the Author

Raynor James is with FSBOAmerica.org - FSBO homes for sale by owner.

 

 

 

 

 

 

 

 

---------------------------------------------------------------------------------------

We have hundreds of listings of homes for sale in your area. If you are interested in buying a house feel free to search through our database. This is a free service and we have a low-pressure policy. We list homes for sale in Manalapan NJ, Point Pleasant Beach real estate, Aberdeen NJ and many other New Jersey properties for sale. There is a lot of property for sale in New Jersey. Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. We are the realtors NJ!

More often than not, people hand over the task of selling their house to a real estate agent, paying them hefty fees for this service. You can save that money and get an even better price for your home if you sell it yourself. Here are a few reasons why you should consider the idea of selling your own home to save some serious money. You can do it as well as any real estate agent. The first deterrent that may influence your decision not to sell your own home and save money is lack of experience. It takes courage to venture out into new territory. However, you should be aware that everyone started at one time or other; and everyone starts out as a beginner. You don't need to gain expert status to sell your home yourself -but you will have some learning to do. You know the value of your neighborhood, and all the positives of your community much better than an agent would. Remember, when people are moving, they want to be in a great neighborhood, as well as in a great home. You are the perfect person to show them all the benefits.

You may feel that your marketing skills are not exactly up to the mark. The idea to save money on real estate commissions, however tempting it may sound, scares you away. Many places can help you successfully market your home. The internet has many great sites that can help you discover how to market your home.

You may also feel that you lack relevant real estate knowledge to sell your own home. However, this is not true; you can find out everything you need to know from a lawyer and still manage the show. Remember- you can sell your house without a real estate agent- but you always need a lawyer to complete the sale. An experienced real estate lawyer can help you sell your own home, and save on real estate commissions.

One of the most critical points to influence the decisions on whether or not to sell your own home and save money, could be asking the right price. In order to know exactly what the price of your home should be, you will need to perform thorough research .Let the potential buyers know that you are aware of the value of your home, and you are willing to negotiate.

Be ready to present your house in a grand style to the prospective clients - remember, they want to see their dreams and hopes reflected in the walls of the living room, in the grandeur of the bedrooms, etc. Sweeten the deal by adding some extras that would make the buyers feel that they are getting a great deal out of the negotiations. With a little perseverance and a little spunk you can achieve anything you would want to, once you put your mind to it.

Gerri Stone. Get the Complete Guide to buying and selling your own home, absolutely free at http://www.homeforsalebyownersite.com You'll get great advice on every step of the process- from advertising to mortgage basics.

About the Author

Gerri Stone is an online entrepreneur who publishes articles on a variety of topics of interest.

 

 

 

 

 

 

 

 

----------------------------------------------------------------------------------

If you need assistance selling your house ERA Othello Realty can share their expertise and experience with you in a friendly and professional manner.  From all aspects of selling your house: from getting a qualified CMA (Comparative Market Analysis) to advising you on the presentation of your house, marketing your home online and in print, conducting an open house, showing your house within your guidelines and discretion, constant communication, negotiating the best price for your home and being with you until closing and beyond.  We can also assist you in your search for a new home.  Please call us at 732-364-2015. We are the realtors NJ! Look at these Listings of Homes for Sale in NJ. Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ.

You're thinking of investing in real estate?

The markets are slipping; prices have declined in some markets 20% over the last year

with no bottom in sight - so how do you make money in this downward market?

This will be the first part of several articles on how you can still make money

investing in real estate, (I haven't finished the others articles- so not sure how many

parts there will be). The focus of this article is to show you people are still investing and making money in every market. You will still make money in any

market- but you will need to follow some basic principles and some common sence.

Principles I abide by:

EMOTIONS:

You can not let emotions come into a deal. It is business, if you buy under pressure you will sell under pressure- and lose many. (trust me, I've done it- and it

was an expensive lesson)

MARKET VALUE:

Buy at or near market value 'hoping' the market will continue to increase, is not investing- it is speculating! Speculators take on risk to make the big bucks for little work (think Miami condo pre-construction craze).

Here's a hint- If your hair dresser or taxi cab driver are 'investing' in condo's on

spec, do you really think it's a good time to get in? Probably missed the boat- be an

investor that does his/her research NOT a sheep following the masses.

INTERGRITY:

If you think you want to be in business for more than 1 deal- always deal on the up and up. I'm not talking about grey area financing- I'm referring to the way you handle each deal. You are buying under market to make money, nothing wrong with that. Lying and/or cheating someone out of their home is wrong- and it will catch up to you.

Develop a reputation for being a shyster, and you'll forever need to market yourself- because no one will refer you. Nuff said

GAME PLAN:

Go into every deal with an exit strategy. You need to take all factors into account. Most investors buy thinking everything will go smoothly- but in every deal there is always an unexpected turn of events. Banking on the perfect scenario will one day catch up to you- and you will lose money.

ACTION:

Actions are what count in real estate. "Numbers Game'- so you need to get out there and make offers, (lots) and when you do get a deal it will be due to hard work

and persistence. If you think real estate is easy and requires no work- better stay

out.

MONEY:

In any business the less money of your own you risk the better off you will be. Best thing about buying real estate- it can be done with no money! Wholesaling, assumables, subject-to's and certain sandwich lease options are all methods that can be employed to buy with no money down.

As a beginner I would recommend limiting risk- no money down and not holding the property in your name- wholesaling.

That should give you an insight into what I've done that works in real estate, at a

macro level.

About the Author

You can get " Zero Down Real Estate Investing" a free 5 part mini course here: http://www.0downrealestatesecrets.com/

 

 

 

 

 

 

 

-------------------------------------------------------------------------------------

ERA Othello Realty is your source for your real estate needs throughout New Jersey.  From the shores of Spring Lake NJ to Newark NJ they can handle all your real estate buying and selling needs.  For homes for sale in Monmouth, Ocean, Mercer, Burlington, Camden, Middlesex, Passaic and all the other counties in NJ.  From Central NJ to Northern NJ to Southern NJ you can count on ERA Othello Realty for New Jersey Real Estate. Aberdeen NJ Homes for Sale, Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. Look at these Listings of Homes for Sale in NJ.  We are the realtors NJ!

Rental management fees vary around the country, and according to the property type. They can be as low as 4% of the gross rents for large properties, to as high as 12% for single family homes. Managing your rental properties yourself can theoretically save you a lot of money, especially if you own a collection of single family rental homes.

Should you do it yourself, then? That depends on the property, and on your own long term goals. Let's look at some of the advantages and disadvantages.

Rental Management - Do It Yourself

The obvious advantage is that you save the property management fees. On a fourplex renting for $700 per unit, the fee might be as much as 10%, or $280 per month. That might be all of your cash flow or more. You could save $3360 per year by doing it yourself.

Even if you have sufficient cash flow, that $3360 makes it a safer investment, doesn't it? If the roof needs repairing, or some other surprise comes up, you would be more prepared. So there is a safety factor in doing it yourself and saving the money.

Additionally, the personal involvement means you can find cheaper ways to do things. A rental management company will just call a plumber, for example, if a toilet is clogged. You might save $80 for a minute of plunging.

Rental Management - Hire It Out

Property management companies have prospective renters coming to them weekly, so they can rent that vacant apartment out quickly. For this reason, the fee may not cost you as much as it seems. If an apartment is vacant for an extra two weeks, because you are too inexperienced and busy to get it rented quickly, that can cost you hundreds of dollars.

It may be true that doing your own rental management is safer, and you can control costs more. A job is safer too, though, and that is what you end up with. Time spent showing units, collecting rents, and plunging toilets takes away time from finding other good investments. Saving hundreds can cost you thousands in lost opportunities.

Property management companies have experience in dealing with late rent, making tenants pay for clogged drains that they caused, getting apartments ready to rent, and every aspect of the process of running a rental property. Do you? Even if you do, you have to ask yourself whether you want to invest in properties or work in them.

Buy properties that have sufficient income to cover all expenses. Include a property manager as one of those expenses when analyzing an investment. Then, when you make your investment, pay for rental management, so you can get back to investing.

About the Author

Copyright Steve Gillman. Visit his web site for a list of questions to ask before hiring Rental Property Management, and get a free real estate investing course: http://www.HousesUnderFiftyThousand.com

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------------------

If you are looking for homes for sale in Spring Lake NJ, Newark NJ,  Marlboro NJ or any other area in New Jersey ERA Othello Realty are the real estate agents that you are looking for.  Whether you are looking to buy or sell your New Jersey real estate they can help you.  We list homes for sale in Manalapan NJ, Point Pleasant Beach real estate and many other New Jersey properties for sale. Aberdeen NJ Homes for Sale, Marlboro NJ Real Estate, Homes for Sale in Marlboro NJ, Marlboro NJ, and Information on Marlboro NJ. Search through thousands of houses for sale in New Jersey. We are the realtors NJ!