Selling a Home? Home Staging Tips to Help Your Artwork Sell Your Home

Home staging can turn a white elephant house into a hot property, but you have to recognize a few key concepts. One important mistake many home sellers make is forgetting that staging is not the same as interior decorating. When you stage to sell, you think of prospective buyers, not your own individual taste.

The challenge can be especially great when it comes to putting art on walls. Choosing art that you love to live with will be quite different from choosing art to sell a home.

Many home sellers just leave their own art work on the walls. If you have been living with the house awhile, you could be making a major mistake. Art that works for you personally probably won’t help sell the house.

Inappropriate or offensive – One stager who walked into a house and was confronted by a gigantic painting of the seller’s naked little boy, in ALL his glory. That’s a little extreme but prospective buyers can be sensitive.

Individualistic – Religious icons, Asian art or an African mask collection…Buyers have strong feelings either way. You may get lucky and find a buyer who loves your collection. But buyers often have trouble erasing these images from their subconscious minds.

Bland and Ho Hum – Beige on beige? Art that could be viewed in a local motel? Even a new frame might make a picture stand out a little.

Walking a fine line on art can be tricky. I spend a lot of time with my clients going over these items. They’re often surprised how much difference the art work makes.

Immobilienmakler Heidelberg

Makler Heidelberg

How Can a Good Real Estate Agent Help?

Consider the option of going ahead with a real estate agent because he helps the buyer or the seller of the property in more ways than one. Key responsibilities of a good agent make the entire process smooth, transparent, and easy for clients. However, this proposition is fraught with risk because finding a good agent is often a momentous task. This should not discourage home buyers and property sellers from hiring a good real estate agent as he alone can make things hassle-free for you. Therefore, your focus should be to look for an agent instead of searching for properties listed on various sites. Once you have roped in a verified and accredited agent to work on your behalf, the process of buying or renting or selling a home becomes much easier for you.

Local market knowledge

Equipped with local real estate market knowledge, he provides information of relevant properties available in the area. He studies the options that suit your budget and forwards the shortlisted options to you. This saves your valuable time and money. If you are interested, he shows you the properties. He is familiar with the area you would like to live in and offers accurate information about local infrastructure, school systems, water and sewer charges, public transportation and other concerns that impact your decision to rent or buy a home.

Negotiation

He takes care of the tedious process of negotiating the best deal for you. With skill and expertise, he knows the trends prevailing within the local property market and the competitive prices for various properties. You can bank on him to ensure the best deal and save your hard-money. His commission is also negotiable in most of the cases, depending on the level of involvement and effort put in.

Representation

He acts as your representative throughout the entire buying or selling process and therefore you need a reliable person you can fully trust in matters of right price and the suitable property features you need. He follows your instructions, works tirelessly to minimise your daily involvement in the matter of sale or purchase and seeks your presence only when it is unavoidable – to screen the best options for closing the deal.

Legal assistance

His knowledge about local laws related to the buying and selling of property helps you avoid legal issues. It ensures a smooth deal without any potential conflicts. A legally binding contract is drawn up and he helps you with all the paperwork, referring you to the appropriate professionals for dealing with all the legal matters.

Network

As his up to date with current trends, he nurtures contacts and the professional network to flourish his business. This enables him to be aware of a wide range of available property in the area and suggest options to clients with the help of fellow professionals. Not having an intermediary will deprive you of this big advantage. There is a limit to searching properties online or seeking references through your contacts, but if you have an agent, then there is no limit to the options he can suggest with ease. Most of his suggestions come pretty close to what you look for.

Exposure

Having him on board ensures maximum exposure for your property. Years of experience built an exhaustive database of potential customers and he refers your listing or requirement to generate leads. Gives sound advice on the market value component to price it realistically so that it is sold faster. He provides a visual presentation of your property and suggestions to enhance its marketability and coordinates marketing and advertising of your property on various platforms. Besides, the previews and arranges a walk through each potential home, to show properties that match your requirements and answers all your queries at various stages of the engagement to keep you updated of the progress achieved and ensure your satisfaction.

Immobilienmakler Heidelberg

Makler Heidelberg

Multi – Family Rental Property: Buying, Selling, Renting

Many of us, consider, whether purchasing a multi – family, rental property, is a good fit, in terms of being, a component of one’s investment strategy, and process. Like anything else, a wise consumer researches, and becomes familiar with the possible, pluses, and minuses, and whether it, is for them. It is important to understand, and evaluate, the best, buying – opportunities, whether it should be sold, or if renting, is the best strategy. Should one purchase a new property, or an existing one? With that in mind, this article will attempt to briefly consider, examine, and review, when, and, if, someone should buy, and whether it is the best time to sell, and/ or, if renting, might be the best strategy and approach.

1. Before you buy: There are many considerations, before you should purchase, a multi – family, rental property. Are you going to live in one of the units, or rent the entire property? If you live there, your mortgage interest rate, will be lower, because it will be considered, an owner – occupied property, but, you also, will receive less revenue from rentals. Those doing so, often, look at this, as a way, to use rental revenues, to significantly, reduce one’s own, housing costs. If you are looking at this, as an investment, then, your mortgage interest rate, will be slightly higher, your down – payment, a little more, and you might have to justify the viability of the purchase, based on rentals. A formula, I suggest, is receiving a 6% return, and a positive cash flow. This means, if the property costs $500,000, you must have a rent – roll of a net of $30,000 per year, after deducting real estate taxes, and owner/ landlord paid utilities, and basic maintenance. Therefore, if taxes were $10,000 and anticipated utilities and basic maintenance were an additional $5,000, then you must collect, at least $45,000 per year, in rents. Do this calculation, based on 10 months rents, in order to prepare for potential vacancies, etc. In addition, calculate the rents, and compare them, to your expenses, and proceed, only if this is a positive cash flow, and the 6% return, is achieved.

2. Selling: Is owning the best idea, for you? Are you prepared for the unanticipated expenses, and will you commit to putting aside, a reserve fund, for maintenance, repairs, and renovations? Is the real estate market, the right one, now, to get the best results, from a sale? Consider competition, the local market, mortgage interest rates, and how much, you feel, you need, from any transaction.

3. Renting: Ensure you do, a quality, legal, enforceable, screening process, and seek the finest tenants. There is no guarantee, but pricing correctly, to ensure, you are not the most expensive, often, creates the best opportunities. You must also, either, have the abilities, to do, lots of the repairs, etc, or have qualified service technicians, to prepare for the possibilities, and obstacles.

Like any investment, one should proceed, in the most prepared way, in order to make the best decisions, possible. It may be for you, or not, so, proceed, with your eyes, wide – open!

Immobilienmakler Heidelberg

Makler Heidelberg

Smart Strategies for Leasing Homes, Condos, Duplexes and Town Homes in a Tight Housing Market

1. Looking for houses and looking for apartments are two completely different animals and require different approaches. In apartments there is always another one available next week. In homes, each one is unique, and once leased it’s gone. That’s why being prepared is so especially important when you need a house. That’s particularly true in higher end or well located homes.

2. Remember, you can’t open the door to view the place without a REALTOR or the owner present. Thank goodness for the MLS (multiple listing service) which should be using to find you that perfect house. Pick the areas of town that you might want to live in and then search the database for available houses in your price range. You should eliminate about 80% of homes for one reason or another just by doing this. The remainder will be you and your realtors focus.

3. Unlike apartments, homes will require substantial deposits and they don’t accept checks or cash. They will want certified funds, (money order, cashiers check) so you may need to budget. Contrary to popular belief, most homes are owned by people like you and I and not big shot investors. They are looking for people who will pay on time and not tear the place up. Can you blame them! On the one hand, they can be picky, but unlike many apartments, they are often realistic in their expectations. Each landlord will have different requirements and as a rule the nicer the place the more closely they will look at your overall credit score. REALTORS must work with each individual landlords requirements, as well as comply with the law.

4. Very few REALTORS lease, mostly because the the commissions are so low and there’s so much more work involved when compared to leasing apartments or selling homes. So when you find one that does specialize in leasing they are an enormous an en in your search for a new home Please understand, They are not tour guides. It’s very important that you be prepared. Homes lease very fast, especially nice or well located properties It gets very competitive out there .So, when we look:

1. Have all parties (lease signers) to the property at the same time to look.

2. Have your funds ready and be prepared to make a decision.

When should I start looking

Remember, apartments and homes require different strategies. You should begin by studying the different houses available to you online no sooner than 30 days before you want to move. This will give you a feel for what’s available in a given area. BUT there is no point in looking because, unlike apartments, Landlords will not hold a home for you for more than a week or so. What you look at today will be long gone in a month. It is best to seriously consider places( to physically look) to rent only about two weeks before you intend to move Unless specifically stated for pre-lease, landlords usually take the first qualified applicant with the earliest move-in date. This is why you must be prepared with your deposits and you must be ready to make a decision. The vast overwhelming majority of people prefer living in a house or duplex over an apartment. That’s what makes it so competitive.

Management companies handle most of the properties and they are typically closed on week-ends. Of course you can look on week-ends but may not be able to do anything application wise. Sometimes, that’s a good thing, it gives you some breathing room to think. If you happen to be from out of town be sure and give yourself enough time.

Always have a backup „stuff happens“ agents forget to remove the listing from the MLS, it gets leased sight unseen, the owner changes his mind about moving. Like I said,it’s not like looking at apartments. Again one more reason, being prepared is so vitally important.

What about my pets

Many people move into a home so there dog will have a yard. However ,many landlords don’t accept pets in their house. The MLS will usually spell out pet policies and the deposits normally run $300 to $500 . Sometimes they let you split it up. Typically they like smaller animals under 25lbs or so, but this can vary quite a bit. and because it’s so individualized, It may depend on your credit and of course a credible case by your agent. If you have a pet, it is pointless to look at homes that wont accept them. You do not want to tie up a grand or so of your cash and lose a week only to be denied because you failed to mention your dog.

Why you should use a REALTOR to find your next home.

1. While, It’s true, driving around looking at homes for lease or sale may be a national pastime, please understand, many of them are occupied. If the garage is closed and the drapes drawn, you may not be able to tell. Peering in someone’s bedroom window is usually a very bad idea and if they have a big dog… well…. I know I wouldn’t want to be on that bus.

2. You can’t open the door and if you call off the sign then your on yet,.. another agents schedule,( “ I’ll be right over, let me just pick up the kids at school and drop this movie off at Blockbuster“) It is infinitely easier and obviously smarter to have one dedicated person there and able to open each and every door today for you.

3. The MLS has virtually every property for lease in your city. By looking and doing your homework online beforehand and talking with your REALTOR you can eliminate 80% of properties that don’t work for you. That will save you hours of mindlessly driving around. and especially eliminate the problem of missing the street where the perfect house for you is located .

The system a realtor uses to find you the perfect home is sound, efficient, and will save you a lot of time, money and frustration. Plus it’s fun and interesting! However, it requires a whole lot of work on the realtors part. Please be considerate of your REALTOR. They work on commission only.

Immobilienmakler Heidelberg

Makler Heidelberg

How to Pray and Receive a New Car – Within 4 Weeks!

Last month, one of my readers needed a new

car. He asked the LORD for it. And the Lord

answered and showed him this beautiful,

new SUV.

Only problem was: he had no money to

buy it.

He asked me if I had prayer points to

release the car.

I gave him my closely guarded recipe

(one that I used personally to attract

my new car and my new house).

Here it is:

1. Pray the prayer of a DOER according

to Phil.4:13 (A friend just christened it,

„The 6 little prayers that move mountains“)

2. Say to the Holy Spirit

– I really desire this car

– but the money is not yet in my

bank account

– how can I create value for OTHERS so

that I’ll be compensated and I can

buy this car?

3. Then the Holy Spirit will

– lead you to go out

– create value

– trade that value for money

– trade that money for the car

Rapid Result

– he was able to create a useful product

– sell it and get the money to buy the

car

– ALL WITHIN 4 WEEKS!

Everyone has benefited – he’s got his dream

car; others are enjoying the product he

created; and the amount of value in the

world has grown for everyone – all within

4 weeks!

In A Nutshell

I have just uncovered to you the

„Secrets“ of what is called the

„Prayer of the Doer.“

This is a prayer so powerful, it has

been kept under lock and key by veteran

prayer warriors through the ages.

Among the insiders, it is discussed only

in „hushed“ tones.

* It is a mysterious prayer that’s been

known to turn paupers into millionaires

almost overnight.

* Those who’ve been tutored on how to apply

it well have been reported to have started

businesses almost out of nothing and grown

them beyond their wildest dreams… in very

short order.

Please go through this little piece again carefully

and let the Holy Spirit speak to your

heart.

This is how God wants his children

to create value in our world.

Apply these simple steps diligently and you’ll

soon find yourself swimming in the ocean

of abundance.

You can find more information on this

and more in the latest version of

my popular ebook, „Prayer Cookbook for

Busy People.“ Plus, the prayer points

and WHEN to pray them.

Get it here: http://www.firesprings.com/freereport4.htm

Be blessed!

Immobilienmakler Heidelberg

Makler Heidelberg

Benefits of Home Selling Without a Real Estate Agent

Selling a home without the help of a real estate agent – also referred to as being a FSBO or „for sale by owner seller“ – has often been perceived by those home sellers who prefer doing so as beneficial in many respects. Chief among those benefits has always been the amount that would have to be paid in the form of an agent’s commission, which the homeowner would not be required to pay out, thereby „saving“ or keeping the money for personal and other uses.

In addition to the above there are other reasons, many which have been deemed beneficial, a home owner might decide to sell his/her home or investment property without a real estate agent. Among those reasons or benefits are:

• Reduced price for a faster sale

• Direct negotiations with buyer

• Pressure-free marketing & selling

• Higher percentage of asking price

Reduced price for a faster sale

Some home sellers realize – since they have once been buyers – that a home buyer’s goal is to make the best deal (paying the least amount of money) on a home they possibly can, the same way most home sellers expect the highest price for the home they are selling; and accordingly the price of a home with the real estate agent’s commission subtracted is in many cases more attractive than a price including the commission. Based on this understanding the home owner derives a benefit by offering the property for sale at the reduced commission-less price in order to get a faster sale.

Direct negotiations with buyer

Home sellers who prefer to enter into direct negotiations with their prospective buyers are in full control of whatever outcome(s) those negotiations produce, and they accept responsibility for that. However, the benefit(s) derived from direct negotiations is having the knowledge of each stage of the transaction involving their homes instead of waiting for status updates from an agent who is simultaneously dealing with several homes – and the buyers of those homes – involved with just as many transactions. A FSBO home seller is free to contact the buyer to inquire about anything pertinent to the transaction; and this can sometimes be significant in a variety of ways.

Pressure-free marketing & selling

Home sellers who have not committed to a real estate agent – verbally or in writing by way of an exclusive listing – is under no obligation to „show the property during reasonable hours“ as many who have listed with agents have agreed to do, lest they leave themselves open to claims of „refusal to show,“ „uncooperative,“ or „taking the house of the market,“ all of which are claims that can be worrisome, but were often used by eager and highly motivated real estate salespersons to convince a home seller to provide access to his/her property during a time the salesperson had, what s/he considered a well-qualified, interested buyer. The absence of this kind of pressure during the marketing and sale of a home is the condition under which fsbo sellers consider beneficial to them.

Higher percentage of asking price

In a March 2011 article titled, ‚How to Sell Your House Without an Agent‘ and edited by Real Estate Career Hub, et al., it is stated that, „A 2008 Consumer Reports study found that nearly all homeowners in their survey who sold on their own got their asking price, while sellers using agents received an average of $5,000 below their asking price… “ and „… National Association of Realtors figures show the average sales price for by-owner sellers was 97.5 percent of their asking price – while sellers with agents got just 95 percent.“

This data can be supported by the price having been already lower than it otherwise might be had a real estate agent’s commission been included; but also the seller’s net price is often adjusted lower – in bare dollars and cents figures – than the dollar amount represented by the commission percentage, so that when negotiations to adjust the selling price downward is conducted by the agent, and the commission percentage remains in tact, the percentage of a seller’s asking price is affected more.

One circumstance that has arisen in recent years, due to the mortgage crises is, more home owners than ever found themselves „under water“ (owing more that the home’s value). This is even more reason why getting the highest percentage of an asking price is so important to today’s home sellers.

Immobilienmakler Heidelberg

Makler Heidelberg

Sell House – How to Sell Your House Profitably

Every home seller wants to sell the house fast for the maximum price. To achieve this it is important to know which repairs are absolutely necessary and how to price it competitively to sell the house in the shortest time. By planning carefully and sprucing up the house professionally to maximize first impressions you can ensure a quick sale. You must get marketing tips on how to find qualified buyers and attract many offers to sell the house.

Best time to sell

Real estate markets generally pick up in February and the wave usually lasts till the end of June. This period is considered to be the strongest selling season. Another strong period is from early September to late November. Late November sees the market slow down due to the holiday season.

Pricing

Avoid overpricing. The market situation also should be taken into account. The pricing should be in line with the prices of recently sold homes in the area as identified in the comparative market analysis report. Get purchase offers and make a counter offer and be prepared for multiple offers if you have priced the house right. After finding out what the house is worth by looking at the prices of other houses in the neighbourhood, you can price it 10% below them. This will help to sell your house in no time if it is the cheapest and newest in the market.

Marketing

The advertising to sell the house must have all the selling points. Quality photographs and virtual tour of the house online can increase the traffic and showings. Hiring a professional stager for staging your home is a good idea to impress the potential buyer.

Repairs to be carried out

Find out which repairs and home improvement projects can increase the value to sell a house. Patch the cracks in the walls and replace the cracked floors and tile of the kitchen counter. Repairing and touching up kitchen cabinets can enhance the overall look of the house. Repair or replace door knobs, drawers etc. Leaky taps and faucets should be replaced in the bathrooms. The creaky floors and jamming drawers should be fixed. Make sure that the toilet seats are to be replaced. Repairing and replacing the missing shingles or tiles from the roof is also very important. Paint the exterior fixtures like the door frame, window trims, fence and the mail box. Polish door handles and rust spots and make sure to repaint the areas with peeling paint. Paint the exterior fixtures like the door frame, window trims, fence and the mail box. Polish door handles and rust spots and make sure to repaint the areas with peeling paint. Repairing faulty doorbell and sprinkler system are a must.

Preparing the house for sale

Once you have made the decision to sell your house the first thing to do is to dissociate yourself from it. Family heirlooms and personal photographs should be removed from the house. Removing all clutter is essential before showing the house to prospective buyers. De-clutter and clean off and organize everything on the kitchen counters and storage racks. Buyers tend to open to check kitchen cabinets and closets. If a potential buyer sees everything well organized, it would create an impression that you take good care of the entire house. Neatly arranged spice jars and dishes in the kitchen and arranging the shirts facing the same direction in the wardrobes and lining up the shoes in the rack are sure to create a good first impression. It is a good idea to have beds made, putting large furniture away, lock pets away and remove personal possessions etc.

House should sparkle

After deciding to sell the house, make sure the house looks spic and span. Remove cobwebs, clean fan blades and wash the windows thoroughly. Side walks and exterior must be cleaned with pressure washer. Wax the floors; re-chalk the tubs and sinks and showers. The sinks and wash basins must be stain-free. Chrome faucets and mirrors should be polished. Dust all furniture and light fixtures. Clean out the refrigerator and vacuum the house daily. Fresh towels must be hung and make sure there is no smell or odour anywhere. Replace dirty and worn out rugs and curtains. Switch plates should be cleaned and sticky windows must be made to open easily. Trees should be pruned to allow natural light inside. Clean up the oily floor of garage and keep the walks, patio and derive ways clean. Mow the lawn and trim the bushes.

Immobilienmakler Heidelberg

Makler Heidelberg

Buying Real Estate In Nicaragua

The first step to shopping for real estate in Nicaragua is to forget everything you know about the process back home… no matter where home may be.

Let me make one thing clear from the start. There are incredible bargains to be had buying property in Nicaragua. In fact, there is no other market in the Americas where insisting upon a 40% return on investment or better is reasonable. However, there are few similarities between the rules and regulations governing the real estate industries in North America or Europe, and Nicaragua. It’s because of this lack of similarities that foreign investors often get into trouble. There is a preconceived notion on the part of foreigners that the Nicaragua real estate industry is as carefully regulated as it is elsewhere, and it is this incorrect assumption that sets foreign investors up to be cheated. The only universal real estate investing rule that applies as equally in Nicaragua as it does anyway else is Caveat emptor, buyer beware.

Real Estate Brokers

Basically there’s no such thing in Nicaragua as a real estate brokerage that a Canadian, American or European would assume the term represents. There are real estate brokerage offices. Some even have familiar franchise names, but that’s where the similarity ends.

There is no mandated, formal training of real estate sales people, nor are there specific licensing requirements. Anyone can become a „realtor“ by paying for a merchant license or incorporating a Nicaraguan company. I’m not suggesting this means „all“ real estate sales people are incompetent or untrained… many are. In fact, there are a number of retired realtors who relocated to Nicaragua and maintain successful, upstanding businesses. However, there are many more who are not at all competent, and operate on the razor edge between honest business and outright fraud. Caveat emptor again!

There are no district or federal regulatory boards governing the real estate industry in place. Real estate sales are no more regulated than a vehicle sale transacted by a street vendor. Outright criminality is not ignored by authorities, but having the perpetrator jailed is unlikely to result in recovery of any money lost. The revenge should make a fleeced buyer feel better though. Nicaraguan jails exist to punish criminals, not rehabilitate, and they are Hell on Earth. Unfortunately though, most issues that can arise in a real estate transaction are considered civil matters by law enforcement and have to be treated as such. In short, whatever money you think you were cheated out of… consider it lost. Even with a judgement in the plaintiff’s favor, collecting money owed in a judgement rarely happens. So again, caveat emptor.

A serious shortcoming in the Nicaragua real estate market is that there is nothing similar to a Multi Listing Service (MLS). The lack of any form of MLS means there is no central registry of properties for sale, nor any information as to what a property sold for. The result is that it’s very difficult to decide what a house or commercial building in a particular neighbourhood is worth since there are no comparable property transactions to use as a guide. Appraisers base their appraisals on replacement cost mostly, and whatever else they provide is pure guess work. Ironically, banks require appraisals created by licensed Nicaraguan appraisers if mortgage funding is being requested.

There’s no such thing in Nicaragua as a listing similar to what most foreigners would understand the term to mean. Real estate shoppers will hear a realtor say that he or she has a listing, but it’s common to see two or more real estate signs on a single property. Likewise, the same property may appear on multiple real estate company websites and be advertised online by numerous different people. More confusing, the prices advertised may vary for the same house, sometimes by tens of thousands of dollars. Nicaraguans selling their homes rarely lock themselves into an agreement with one party wanting to sell their land, house or commercial building. If you want to sell something, the assumption is the more people trying to sell it the better. And by more people that can be realtors, the owner themselves, their family and friends, a neighbor, or a horse drawn carriage driver. This seems chaotic to a foreigner shopping for a retirement or vacation home, but it makes perfect sense to Nicaraguans. Without an MLS service that allows numerous realtors to show prospective buyers a listed property, letting everyone try to sell a property seems to be the best way to get exposure.

Another misconception foreign purchasers have when buying real estate in Nicaragua is that the seller is paying the real estate agent. This is sometimes the case, but even when it is the buyer may be asked to pay the commission. Yes, this is legal in Nicaragua. In fact, not only could there be a commission paid by the seller and buyer, but the real estate agent may have added an amount to what the seller actually wants in his or her hand. This too is legal. The worst case scenario is that the seller wants US$50,000 for his or her home. The sellers offers anyone selling the home US$1000 or a percentage. The real estate selling agent advertises the home for US$59,900, allowing for negotiating room. A buyer settles on US$55,000 but is told that in Nicaraguan the buyer pays the commission. Not actually the truth, but common enough that people think it’s a rule. The requested commission can be anything up to as much as 10%, or it can be a flat fee. Once all is said and done and the buyer agrees to purchase the property for US$55,000. In a case such as this, the ‚agent‘ will insist on a nonrefundable US$5000 down payment. At closing the seller receives the US$50,000 that he or she wanted and the selling agent pockets the rest.

I know of a purchasers who handed a ‚realtor‘ US$65.000 to purchase a 3 acre farm with a small house on the property. The ‚realtor‘ then went to the owner of the property and paid him US$20,000 to buy the land. It gets worse… the ‚realtor‘ never bothered to make the title transfer until the buyer discovered he was not the owner when he tried to pay long overdue taxes. In the end the property was purchased by a developer for little more than the original US$65,000, but 8 years of appreciation later. In another case Europeans purchase a home and overpaid US$85,000. Of course basing their offer on the European real estate values they knew, it was assumed they were getting a bargain. The ‚realtor‘ pocketed the US$85,000 and a commission he charged the buy as well. Again, perfectly legal in Nicaragua… so caveat emptor.

The way to navigate through what foreigners view as market chaos is to use a knowledgeable real estate consultant to find a property you want, negotiate the price, terms and conditions, conduct the necessary due diligence, validate the title and survey, and so on. This is a fee based service but far less expensive than a percentage sales commission, and far, far less than a costly mistake would be. One such service is Nica Investments, a real estate consultancy that assists foreign investors purchasing real estate or businesses in Nicaragua.

Immobilienmakler Heidelberg

Makler Heidelberg

When Not to Use a Conference Call in Your Realtor Mentor Coaching Program

Conference calls are wonderful tools for disseminating information, allowing interaction with the „audience“ and saving you a lot of time, but they are also over used. In the average week I get invited to about 8 conference calls, that more than one per work day. The popularity of using conference calls to do everything from teach, to solicit new clients is overwhelming. Due to the „anonymous“ nature of conference calls and the frequency that people are invited to attend them they may not always be the best tools to use in your Realtor mentor program.

The worst time to invite someone to attend a conference call is when he or she has just become a new client. The first impression that each new Realtor has when they begin your program is crucial. If you send them an invitation to a conference call right after they sign up and cut them loose, the likelihood of them attending the call and interacting with the group will be far lower than if you take the time to schedule and individual call with them first. During the one-on-one call with you they will have the opportunity to get to know you, ask some questions without the pressure of an audience and get a better understanding for how the program works. Then when they do get an invitation to a conference call later they will be more likely to attend and participate.

If you use conference calls regularly in your Realtor mentor program you may also want to consider converting some to small group coaching calls (or adding one per month). I know, you are probably thinking they are practically the same thing. How is this going to cause any significant improvement? Just hang in there for a moment. In a small group coaching call you get several benefits that a conference call does not provide.

1. Accountability, if there are only 10 people in the group and „attendance“ is held at the beginning of each call they will notice if you don’t show up.

2. It’s likely everyone who has a question or comment will get a chance to participate

3. Twice a month you can choose to feature one or two members per call who can voice their concerns/challenges in their Realtor career and everyone can focus on providing solutions to their specific problems. For the next call rotate to two new members in the spotlight. This is great for building fellowship among the group. Allowing for some personal coaching in a group atmosphere and keeping everyone involved and accountable.

4. Having a small group inherently creates a level of selectivity giving the call more value.

Immobilienmakler Heidelberg

Makler Heidelberg

Boat & Vessel Title Insurance – Protecting Your Watercraft Investment

Just as real estate titles are subject to record errors, preexisting liens and other encumbrances, vessel and boat titles may have hidden problems which can pose a liability to new vessel owners. The best way for buyers of watercraft vessels, yachts and boats to protect themselves from these liabilities is to purchase title insurance. Agencies which provide this kind of insurance perform thorough investigations of title histories to ensure the vessel title is in „good opinion“. Vessel title insurance also ensures vessel owners financial protection in the event of a lawsuit or other financial losses due to complications with the title.

Why Do Watercraft Vessels Need Title Insurance?

There several types of problems which can occur on boat titles. Buyers of vessels are usually unaware that any of these problems exist – until they are slapped with an ownership lawsuit or fees associated with prior liens. Insurance agencies hire underwriters and title attorneys to investigate the title’s chain of ownership to uncover these problems – and resolve them – before the sale occurs.

Common problems associated with yacht and vessel titles include:

Fraud. Forged or fraudulent documents can occur at any point in ownership history. Vessel brokers or previous owners sometimes attempt to sell vessels under false titles, defrauding both the vessel mortgage lender and the new owner. In some rare cases, the mortgages in the vessel’s ownership history may be revealed as fraudulent. Additionally, watercrafts may be registered with both the US Coast Guard and the State, allowing vessels to carry more than one „valid“ title. Multiple titles can precipitate multiple mortgages for which the vessel owner can be held responsible.

Ownership disputes. Even though a vessel owner carries a valid Certificate of Documentation and Federal boat registration, he or she may still be subject to ownership disputes. These documents do not have the ultimate authority to determine ownership; only the yacht or vessel’s underlying contract can determine ownership. If the vessel title’s underlying contract is drafted on fraudulent documents, the buyer’s ownership could be rendered void.

Preexisting mortgages or liens. The new owner of a watercraft is held responsible for any unpaid taxes, unresolved mortgages and unpaid contract work associated with a vessel’s title, even if he or she was not privy to them at the time of purchase.

Watercraft buyers may ask for a title opinion before finalizing the sale. While a good opinion provides some assurance against disputes, vessel title opinions and abstracts may not always be reliable. Erroneous records, improper documentation, fraud and human error can lead underwriters to draft faulty title opinions. The only way for the buyer of a yacht or boat to protect him or herself against these complications is to purchase vessel title insurance.

How Does Boat Title Insurance Protect Me?

In addition to performing a thorough investigation of the vessel’s ownership history before the sale is complete, title insurance companies provide financial compensation in the event of a lawsuit. Vessel title insurance typically covers the cost of legal defense against attacks on the vessel’s title; additionally, insurance will provide compensation for any financial or asset losses caused by a faulty title.

Immobilienmakler Heidelberg

Makler Heidelberg

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