June 20, 2008

Consider painting your house before putting it up for sale

It is a fact that every seller is looking for a perfect sale and every buyer is searching for a perfect opportunity to buy a new home or invest in a property. To get your home ready for the sale and sell it for more money, you need to know where to begin and most of the time it means that you have to paint your house for a perfect sale.

Normally, people selling a home that they’ve lived in for 20 to 30 years. They love their wallpapers and are madly in love with it, but the fact is that most of the time it is extremely outdated.

Wallpaper and color on the interior and exterior walls of your home can significantly influence buyers. Therefore, you really need to consider looking over your home before you put it in the market for sale. You should consider the areas that need touching-up or an entire re-do. For example, if you find that the wallpaper has to be bought down, then you need to know how to do it before you end up in a bigger mess.

"To strip wallpaper can be very time-consuming, expensive, and damaging to the underlying surface making it difficult to paint," says Peek. He adds, "You can paint over wallpaper if you prime it first with an oil-based primer such as Kilz. If you do that, it seals the surface well and then you can go over it with water-based paint. But if you go directly over wallpaper with water-based paint, without priming it with an oil-based undercoat, it will peel up at the edges. So the critical first step is to prime it with an oil-based undercoat," explains Peek.

To paint the perfect sale, Peek suggests carefully looking around your home for the holes that frequently don't get filled after you've taken down family photos and artwork. "I'll often times go into homes and homeowners have put spackle up and they've just smeared a big chunk on the wall and then let it dry," says Peek.

He offers this little trick to get a better outcome. "Take the spackle and put it in the hole and then take a wet sponge and lightly wipe the surface. It removes all excess spackle from around the hole and it just fills the hole itself. Often times you can get by without having to touch it up," says Peek.

Another area of concern is the door — in particular, doors that belong to teenagers. Picture this. Your teenager has turned her door into a collage board of photos, memorabilia, stickers, award ribbons, cards — you name it — all are stuck on her door, permanently securing her identity to the home you're now trying to sell. Pulling off the memories before listing the home for sale is important otherwise buyers get caught up in all of your personal stuff and then can't see the home as theirs. Buyers also don't want the headache of having to pull down and repaint the door. And chances are you don't want to have to do that either.

Here's what Peek says sellers with this issue can do. "There are products on the market that will help you to get all that sticky stuff off the door and it's worth a try. There's a product called Lift Off that you can get at the paint or hardware store; it works wonders," says Peek.

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June 19, 2008

Garages are an important part of your home

Garage door is most likely the largest moving object in your home. Normally, it is used everyday and can be a potentially dangerous, especially for small kids. Therefore, it needs attention. Typically June is the Garage Safety Month but it doesn’t means that you dedicate only one month to the topic. You have to take care of your garage door because they wear out too.

Consumer Product Safety Commission (CPSC) in 1993 has initiated rules on product safety. CPSC requires that all garage door openers have an external entrapment protection system.  This typically is some electronic eye or sensor that will trigger the door to brake and reverse itself before it hits anything detected in its path.

It prevents accidental entrapment, injury or death.

Many older garage doors are quaint fixtures providing good architectural form, but their function may allow them to reverse only after a collision — and that can be quite a hard crash — or they don't reverse at all. If your garage door is more than 10 years old, consider upgrading, says the CPSC, and replace pre-1982 garage door openers that do not reverse.

The mandate for the improved safety feature in current standards has significantly reduced personal injury and property damage so much so that in 2001 the standard was extended to include automated security gates that are increasingly common at the entrances of multifamily housing communities.

An optional safety feature includes a constant contact control button which requires a person to hold in or onto the control button continuously for the garage door to close completely. If the button is released before the door closes, the door reverses and opens to the highest position. The remote control transmitter will not close the door with this option. However, the hands-on option allows — or forces the operator to see — that the door is closed with no one in danger of collision or entrapment and that no one unwanted has ventured inside.

The mandate also calls for manufacturers to include a sticker warning consumers of the potential entrapment hazard. The sticker is to be placed near the wall-mounted control button.

As an added precaution, you should mount the keypad wall control out of children's reach — at least five feet from the floor — and in a location where users can clearly see the moving door.

CPSC also says you should also test your garage door each month. Your owner's manual or manufacturer can provide you with the testing procedure specific to your garage door make and model. It will also provide safe operating times, maintenance you can perform emergency procedures and other safety tips.

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June 18, 2008

The Green design concept for homes

The trend for environmental-friendly products and related service providers is increasing at a high rate. Real estate consumers are choosing green products for their homes and it is becoming increasingly popular. Residential and commercial builder, design professionals and remodeling companies accept this paradigm and are interested in adapting unique green building products and eco-friendly innovations which will keep them ahead of the competition while having a cost-effective strategy.

Take an example of Speedheat makers of Generation4 TM electric radiant heating solutions which can be installed under any flooring material including carpet, stone, ceramic tile, laminates and vinyl. The radiant heating system is easy to install in a single room or throughout the entire house. It offers flexibility, comfort and control.      

"As green design concepts have become more mainstream, there is a growing movement to find unique products that improve indoor air quality, reduce energy costs and protect the environment all while enhancing personal comfort," says Peter Newman, President of Speedheat, makers of the Generation4TM electric radiant floor heating systems. "Our Generation4 under floor warming systems simultaneously promote health, conservation, safety and comfort, making them an ideal choice as a green building product."

Pieter Jansens, Chairman of Speedheat International says,"Because Speedheat's Generation4TM heating element is optimally engineered to be 'in touch' with floor finishes, it warms floors faster than any other systems and at lower, safer temperatures, Our G4 element improves comfort, health and safety. It also protects sensitive flooring and slashes energy consumption. Furthermore, only Speedheat is fully customized to meet the specific needs of each application." He also stated that almost every SpeedHeat® product has undergone severe testing procedures including a complete submersion of an energized system in water.

There are many other entrepreneurs who have established solar energy businesses. Solar energy is the next big thing in renewable energy and by 2020; almost every home in a developed country will have an independent solar energy system which would energize every household item that runs on electricity.

 

The research and development has started on renewable energy systems. Due to high oil prices, entrepreneurs in Silicon Valley and other areas has started developing unique systems that would be categorized in alternate energy sources. Developments in geothermal system, coal powered generators; generator running on water and other cheap energy sources has a promise. The future of the world would be a greener environment which would make our world a safe and healthy place to live.

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June 13, 2008

4realz.net – The most comprehensive Real Estate Blog

Blogs have evolved into small news channels and millions of people visit blogs to get opinions, news and discussions on hot news and topics. There are more than 100,000 blogs catering to real estate niche. Most of these blogs give opinions on market trends, real estate news, offer unique strategies to succeed in real estate market and develop trends. Blogs are also a great platform for discussions and personal opinions. People use comments section to comment on the news, and opinions. This helps shape a market and make it more transparent. As you all know information is one of the most critical elements to succeed in any business. If you know a lot about a certain niche, you can definitely succeed in it.

 

One of the highly visited and unique real estate blog is 4realz.net. Owned by an Australian Author Dustin Luther, 4realz.net discusses breaking news on technology, issues, legislation and trends that drive the real estate market. Luther’s blog is quirky and a fun read. People find it amusing when he uses his special voice to discuss serious issues. He also uploads audios on the blog which gives insight into the news and trends. Videos are also offered to the visitors. It is a complete blog with everything a visitor needs from a real estate blog. The information is timely and original. His voice is cheeky and he knows how to stress on a particular point. It is a great skill for a blogger since people have short attention span and they cannot hook on a single article for long. If you can make an article or a blog post interesting, you can hook people up and they will read the entire article

 

The most original thing on his blog is a quirky tabbing system. It encourages readers to comment on posts or send him messages by appropriately tagging each tab with room rooms in a common residential house: closet (for skeletons); living room (where he does his best work); bedroom (for secrets) and bathroom (the only place where potty talk is allowed). This is totally unique and fun at the same time.

 

If you want to read exclusive information and real estate news, you should visit 4realz.net. The opinions and comments are awesome and it is really a fun to read visitor opinions plus Luther gives some insider information in audio form. There are occasional videos where Luther gives out rare information.

 

Real estate blogs are not an interesting read since there are lots of facts and figures. It is mostly a dull read and only investors and real estate agents read this type of information. But 4realz.net is different. You can have a lot fun reading real estate news and be informed at the same time. You will also be able to interact with big real estate investors who frequent 4realz.net through comments. So if you want to be informed about real estate, investments and technology, visit 4realz.net and interact with other people interested in real estate.

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June 12, 2008

Barbecue Grills – Danger to your life and home

New York City has prohibited the use of propane barbecue grilling on a terrace, balcony, or roof for years. People can barbecue on a balcony or terrace using Charcoal provided there is sufficient clearance and a source of water to douse flare-up, if any.

Washington State has banned open-flame gas and charcoal barbecues on certain multifamily housing balconies which do not have overhead sprinklers. The sprinklers are used to extinguish fires.

In 2008, Silicon Valley has placed a permanent ban on gas and charcoal fired grills in multi-family housing balconies which are usually made of wood or other combustible materials provided if there are no overhead sprinklers. In case of sprinklers, residents can use charcoal fired grills in multi-family housing balconies and terraces.  

Due to the fact that many people love barbecues and most of them do it near their home because getting thrill from a grill away from home is not quite as easy as doing it in the balcony or terrace, it is apparent that the residential barbecue ban was imposed to protect lives and properties.

According to the Hearth, Patio & Barbecue Association, nearly 80 percent of household own an outdoor barbecue appliance and almost 60 percent use the appliance all year around. But firing up a grill with open flames present clear and eminent fire danger, especially in confined spaces like balcony, terrace or roof.

According to U.S Fire Administration’s National Fire Data Center estimates, Barbecuing accounts for more than 6000 fires, half a dozen fatalities, 180 injuries and some $40 million in property loss each year.

It is a fact that humans love fire-kissed feasts. However, the singeing sustenance into submission comes with a primal responsibility – protect life and property.

HPBA offers certain safety tips to keep you safe during a barbecue feast. Detailed and grill-specific precautions are available at HPBA Barbecue webpage.

Following are a few safety tips to consider while going for grill thrill:

1.      Read owners manual. Make sure you understand and follow the instructions

2.      Refrain from using grill indoors. Use grill in a well-ventilated, open air place with sufficient amount of water available to douse flare-ups and other fire hazards.

3.       Electric grills and accessories must be properly grounded according to the local codes. Don’t place electrical cords in traffic areas, walkways or where people can trip over them

4.      Make sure that the grill is firmly placed and in still position. Don’t allow young children to play near the grill. Also never try to move a hot grill. if your drop the grill, nasty burns will occur

5.      Prepare beforehand to extinguish flames. Use baking soda to control grease fire and make sure you have the fire extinguisher handy. If you are unable to acquire a commercial extinguisher. Keep a bucket of sand or garden hose near you.

Take care of your life and the lives of other people around you. Take care of the property too because property is second most important thing. Keep safe.

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June 11, 2008

Closing a sale – An important step in Sales Process

Closing a sale is fundamentally the most important step in the sales process. It is an extension of all the other steps. If you want to close consistently, you should be proficient in all the phases of selling new homes. The first move towards sharpening your closing skills is to improve your selling skills. All the other steps should be executed in a timely manner to close a sale. Your ability to discover, qualify and understand the critical areas of questioning leads you to a more successful closing.

 

The main technique is to convince the customer to say “Yes”. The more your customer says, “Yes” the harder it will be to say, “No”. You have to make your customer agree that your homesites, homes, location, community, financing and builder satisfy what is most important to them. Your sales presentation should be strong – ask affirmative question or tie-downs throughout your sales presentation especially during discovery. Basically, a tie-down question is a question that asks for an agreement. Consider using tie-down questions such as:

 

  • Aren't you?
  • Okay?
  • Isn't it?
  • Don't you agree?
  • Wouldn't it?
  • Don't you?
  • Right?

The best sales strategy is to lead customers into minor decisions, isn’t it? You can politely influence them to node their head in agreement, can’t you? This specific strategy will lead to a perfect closing, don’t you agree?

You have to judge your customer’s mindset throughout the entire sales presentation. You should know what he/she is thinking and how he/she is reacting seeing a homesite, house or a piece of land. You can ask trial close questions to figure out what he/she has in mind. A trial question requires the prospect to make a conditional commitment. For example, you might ask “If you were to make a decision on buying this house today, do you prefer white or oak cabinets?” “You have seen several homesites today. Do you prefer the one on Carl Hooper Street or Withering Court?” “If you decide to purchase this one, which room would you choose as your master bedroom?”

If your customer answers any of these questions, you are moving towards a partial close. Your customer hasn’t bought the house but he/she has made decision on the color of the cabinets, location of the water garden and master bedroom. Each response itself represents a partial decision. When all decisions are combined, you could rightfully ask for the order. But if a customer fails to decide on a homesite, location or community, you can gather his/her minor decisions and ask him/her to go for a particular home which has most of the things he/she wants. You need to deal your customer tactfully to make sure he/she gets what he/she wants and you get what you want.

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June 8, 2008

House exteriors appearances – An important point to consider when selling a house

Most of the home buyers refuse to look inside a house based on its exterior experience. As they say, first impression is the last impression. If the exterior of the house is not maintained properly, buyers think the interior must be in a bad shape. That’s why most of the buyers refuse to look inside a house which has a poor exterior. A recent Real Estate Agent Community Trends survey has revealed that 82 percent of the real estate agents report that buyers refuse to look inside a house based on its exterior appearance. The survey was sponsored by Jeld-Wen Inc. This doesn’t surprise us at all. Most of us have experience hunting for a good house and forming an opinion about a house by looking at its exterior area. We used to drive off if the exterior lacked appeal.

A good house should have a well-maintained exterior – fresh cut grass, trees, flowers etc. It’s Summer time in most parts of the country. The Sun reappears, flowers bloom, trees bud and people shed their winter woolies. Many ‘For Sale’ signs appear during this season. It’s show time! To make sure you get the highest offer on your house, you should make it perfect. The exterior should be taken care of. Trees should be trimmed and grass should be shaved for a better look.

Think of it as a gift wrap. Remember birthday parties; a table full of gifts. Which gift outshines the rest? It’s all in the presentation. Presentation sells. It is a golden rule. A good house should have a clean and attracting exterior which would urge even you to take a peek inside the house

We face more challenges and competition these days. There are lots of houses in your area that display a ‘For Sale’ board. You have to attract home buyers and investors to your property so it can fetch you a good rate. A shiny exterior displays cleanliness which is apparent that if the exterior looks clean and tidy, the interior would definitely be good. So people would peep inside to give it a look and a serious thought. Present your house in a unique way. Trim the trees outside in a different way. Plant some flowers and cut your grass evenly. The whole idea is to entice home buyers to consider the house seriously.

We are experiencing a lethargic economy and to stay ahead, we need to outshine the competition, right from the start. Create a checklist on exterior staging and you won’t go wrong. The checklist will give you an idea of what needs to be done to make the exterior worth viewing. The attention grabbing exterior urges house hunters to go inside the house and thoroughly consider it. This will help you stay ahead of your competition.

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June 5, 2008

Housing Bubble – 5 biggest mistakes by real estate investors

The housing bubble left many investors with empty pockets. There are many people talking about real estate housing bubble for years now. It is necessary to point out some mistakes that created the real estate crisis. In an effort to educate people and avert a similar crisis again in the future, we have laid down five biggest mistakes that created the crisis. The U.S. Treasury Secretary called the bursting housing bubble "the most significant risk to our economy.

Following are 5 biggest mistakes made by investors which created the housing crisis in the most populous part of the nation:

1.      Overlooking the past – Probably the most amazing mistake! As we all know that history repeats itself. Most of us don’t learn from the history and make the similar mistakes again and again which is not a rational thing to do. A decade before housing bubble started, dot-com bubble in the stock market produced the same results and it was a disaster. People lost their pensions, retirement, homes, etc. during the bubble burst, yet most of the real estate investors overlooked it and they didn’t remember that what goes up exceptionally fast has to come down at the same speed.

2.      Overexcitement – During the housing bubble, the market was way over inflated. It really doesn’t take a cardiovascular surgeon to see that the market was unstable and it could create losses. But investors became overexcited. Everyone was talking about how much they could make buying property. They lost in the hype and forgot about what is the most important thing to consider when it comes to real estate investment – numbers. 

3.      Overlooking the Numbers –It is very hard to ignore the hype and purchase a property based on proper evaluation especially when you see that every property in the country is rising at a highly unusual rate. Tens of thousands of investors ignored what was important – the numbers. The bought properties on nothing but hope.

4.      Emotional Desperation – It’s human nature to do stupid things in desperation. What would you do when everyone around you is in frenzy? There were days when properties went on the market and had 10 or more offers by that night. For investors, bidding wars are lose-lose situation and is mostly driven by emotional attachments. Investors tend to forget about the realistic evaluation of the property. The fear that the market is climbing and you are missing the boat is definitely not a reason to invest in real estate. In the world of real estate, slow and steady wins the race.

5.      Greed driven decisions - Greed is a vice. Everyone knows it. But when the time comes, everyone gets greedy. Investments driven by greed tend to lose their ground. Many people complain about the losses they are taking. A living example of greed is that you buy a property and after three years, you sell it on a doubled rate. But when the same property rises up and you see that the rate is climbing, you tend to buy the property again to sell it on a higher rate. That is a mistake. Many investors lost their money doing this type of stuff.I know a lot of investors who purchased near the top of the bubble at crazy prices and they got greedy. It is a proven fact that no market will go up forever. These thing are cyclical especially the real estate market. When greed takes the best of you, disaster is lurking nearby.

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June 4, 2008

Top 5 Real Estate blogs

Investors are always on a lookout for new news sources. There are literally thousands of news sources which can help an investor stay ahead of competition. Blogs are one of the major sources that form opinions and is a forum of thought and communication. It is a personal soapbox or a platform for writers to share ideas with their audience. There is something more to the blog – it is an excellent source of insider information in any niche particularly investments in real estate industry.

Today, U.S economy is volatile. To stay ahead of the curve and to have the first mover advantage, you should read good blogs providing rare and interesting information to help you stay ahead of competition.

It is a proven fact that investors reading top real estate blogs make sound decisions and they are normally among the early birds who get the news or opinions which help them decide and act in a timely manner.

NuWire has compiled a list of Top 20 real estate blogs which provide accurate information about real estate matters and are easier to digest. The criteria used to select the top 20 list were:

  1. Regular updates
  2. Interesting and engaging read
  3. Relevant content
  4. Credible material for reliable sources

Out of the Top 20, we have selected the top 5 real estate blogs which will help you get the best and most accurate information regarding real estate matters and news.

4 Realz

The author of this blog is Dustin Luther. He discusses news, issues, technology, legislation and trends that drive the real estate market. Luther’s blog is smart and informative – not to mention a fun read. He has a unique and eccentric tabbing system which helps readers comment on the posts and send messages to him by tagging each tab with rooms in a common residential house.

BiggerPockets

Bigger Pockets serves as an online networking platform for real estate community members worldwide. It is a subsidy of the main website. The blog features contributors from U.S who discuss trends, real estate news and strategies that keeping the real estate industry buzzing. Bigger Pockets is an ultimate resource for an investor who in interesting in staying up to date on breaking news and who like different opinions and voices.

Bloodhound Blog

Bloodhound blog is another contributor-based site. It has chronicle postings from some of the nation’s top providers. The Bloodhound Blog is frequented by loans, investment experts and technology gurus. It is a one-stop resource for all things related to real estate.

Future of Real Estate Marketing

Joel Burslem’s is an expert in public relations and marketing. The main intention of the blog is to discuss marketing and advertising in the world of real estate. The site features engaging and cheeky discussion which provides an entertaining read. The discussions reflect honest opinions which help investor make timely decisions.

Grow A Brain

Owned by a Israeli born author and investor, Hanan Levin, Grow A Brain have over nine million hits in the past four years. It is not a purely real estate blog. In fact, it has more than 100 categories tagged in its archives. But it does provide interesting insight into the topics creating an online buzz.

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January 20, 2008

Rental Property Investors Beware!

This one’s for all of you out there who are thinking about renting out an investment property.  Yes indeed, there are plenty of great benefits from this type of real estate investment – great profit potential, building equity, automatic income, and the list goes on.

But don’t be fooled, owning rental properties can also be quite a chore from time to time, especially if you choose to be your own landlord instead of paying a property manager to take care of the grunt work.  Unfortunately, sometimes the nightmare of bad tenants happens to even the most savvy rental property owners.

Like this:

How about this one?

And here’s what happens when you rent to friends…

So is it all really worth it?  I’ll still say yes.  But just remember… Screen, screen, screen potential tenants!

Most of the time, there’s way more upside potential to rental property investing than there are problems.

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