Property Management Fees Explained

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

When you hire a property management company to serve as the relationship between yourself and your tenants, you want to be sure you're getting the best possible property management services for the money. The services a property management company provides can range from ala carte to an all-in-one inclusive package. Along with that comes an array of fees for each. There is no set in stone fee structure we can provide you. But we can educate you on what common fees to expect and what each is commonly for. In the end it will be up to you to compare company fee structures and choose the best one that fits within your budget. Below are some of the most common fees and what service they provide.

Commission

This is an ongoing monthly fee charged to the owner to compensate the property manager for the responsibilities of overseeing the management of their property. This fee can vary from as little as 3% to over 15% of the monthly gross rent. In place of a percentage some managers may charge a flat monthly amount which again can vary from $ 50 to over $ 200 per month. All property management companies generally charge this fee.

Lease-Up or Setup Fee

This fee is charged to the owner to compensate the property manager for their initial time invested and resources used in setting up an owners account; showing property and / or other activities resulting in tenant placement. I guess you could look at it as a "finders fee" for placing a tenant in your property. Once a tenant has been placed and first rent income comes in, the property manager will deduct this fee from the rent proceeds. Some property managers have been known to require this fee upfront prior to tenant procurement. Usually this fee is non-refundable once the property manager has started the process of tenant procurement or any legwork has been initiated with the property. This fee can vary from none to as much as the first months rent, and usually is a one-time fee per tenant.

Lease Renewal Fee

This fee is charged to the owner when a property manager renews a current tenants lease and covers the costs of initiating paperwork or communication involved in implementing the new lease document. A property manager may also justify this fee if they perform a year end inspection of property. This fee can vary from none to $ 200 or higher, and may be charged every time a lease renewal is implemented.

Advertising Costs

Depending upon the property management company's contract, either they will pay the advertising costs or the owner or they could split the costs. If the manager is willing to cover this cost, most likely they will charge the lease-up or setup fee as outline above. If the management company covers this cost make sure to find out what type advertising or marketing of your property is included. If it's placing your listing on their own web site and other free online classified sites you may not be getting your monies worth. They are many good rental or tenant resource online web sites that bring in qualified tenants for a reasonable fee and you will want to consider these. And do not forget about print media, yard signs, listing on the MLS or even an open house. Nothing is worse than having your property vacant, bringing in no money only because you or your property manager skimped on advertising.

Maintenance Mark-up Charges

This is one of those costs you may never really know about or had it disclosed to you. A "Mark-up" is a charge over and beyond the final bill on maintenance and / or repair work done to your property initiated by your property management company when using their vendors or in-house maintenance staff. This should be disclosed in your Manager / Owner contract which usually will state the markup as a percentage above the final invoice from vendor. For example, your manager had to call a plumber to replace the dishwasher in your rental property. Total charges for completing the job: $ 400. If your property manager contract states you will incur a 10% markup on all maintenance work the actual cost to you will be $ 440. Just one of those things to be aware of as these all eat into your profits.

Early Cancellation Fee

The dreaded "3 months and no tenant". Your property manager insist he or she's doing everything they can to find you a tenant. But here it is 3 months and still no tenant; what do you do. Well, look at your Manager / Owner contract and that might be your deciding factor. I am not a fan of this fee, and believe it to be an unnecessary fee and for you manager out there there could be the deal breaker. I'll tell you why; If a property manager is doing their due diligence and keeping the owners in the loop as far as decision making, market conditions and communication lines open an owner will not be second guessing his property managers abilities. The odds of this scenario happening is illegally but you must be prepared for it. A cancellation fee can range from none to over $ 500. To be fair, some managers legitimately deserve this fee especially if they have paid advertising costs, accumulated lots of legwork and time invested in your property.

"You've Got To Be Kidding Me" Fees – These are ones I have personally had the pleasure of running into.

  • Your property is vacant, but we still will charge our monthly commission or a small flat fee.
  • "A For-Rent Yard Sign Fee". I believe this was $ 25 / mo.
  • "Preventive Maintenance Fee". This was to cover the "just in case" and changing out A / C filters. If "just in case" never happens they still pocket the money. I believe this was $ 20 / mo and I still was charged for filters.

In Summary

Read your manager / owner contract, understand what you are signing, ask lots of questions and know what the fees will buy you in services. A good real estate lawyer can help in negotiating the terms in a contract that suit both parties. These contracts are not set in stone. If your property manager will not negotiate, there are other property management companies that are eager to earn your business.

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Makler Heidelberg


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Source by Karen McDaniel

7 Cheap and Easy Ways to Generate Mortgage Leads

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Need a few more loans but do not have the cash to do some serious marketing? Have no fear. In this issue I am going to reveal 7 fantastic ways to generate leads almost for free. These methods are super cheap (most are free) and work like gangbusters.

How do I know? Because I shared them with my coaching clients and they had excellent results.

These 7 methods are just a few of the over 30 cheap marketing methods I share in one lesson of my 24 lesson Jump Start Your Mortgage Career E-Class. This new class is for any loan officer who is new and struggling or any verteran that just needs a little help with their marketing. It took me over 2 years to create the content for this 12 week, 24 lesson class, and I can honestly say there is nothing available out there that compares to this class.

If you could use more loans, then do yourself a favor and check it out for yourself. http://www.mortgagebrokertraining.com/jumpstart.html

Here we go …

Cheap Mortgage Lead Generation Tip # 1. Join an Association

People join associations for one of three reasons:

Social – they want to build or maintain friendships and influences that may have taken years to build;

Promotional – they want to offer their own products or services to others in a cost effective and positive way;

Educational – they want to see what their competition is up to, and find out about the latest developments within their industry

Grow your network and your database by joining groups of already established people. By socializing with people who have something in common with, it makes it easier to generate business. People like to do business with people they like and trust. Most people like others who have the same interests as they do.

Cheap Mortgage Lead Generation Tip # 2: Use Book Stores

One of the questions I keep asking all my coaching clients is "How can you tell if someone is getting ready to need a mortgage? What do they do?"

This is the million dollar question. If you can answer this question, you can easily be rich in the mortgage business. By being able to identify that they want a mortgage before they start looking for one, you can get a jump on all the other loan companies. This is one area of ​​our business that still annoys me. Most other businesses, have a way to identify when someone will need their service and can market to them accordingly. Like when someone buys a new home, they most likely will be buying furniture, blinds, home accessories, etc. So if we were selling any of these items, all we need is a list of new homeowners to market to. And that list is easily available. But how the heck do we figure out who is "thinking" of getting a mortgage?

The answer one of my coaching clients came up with was that they might go to the bookstore or library to read books on home buying, or mortgages, or real estate in general. And that's true. Every bookstore has a real estate section. And most of the books are for consumers who are buying and selling real estate.

So my next question is, "Now that we have identified what they do, how do we get our message in front of them?"

And my client came up with this simple method: Go to the bookstores and libraries and insert a business card into each book.

After doing it for a couple months, he came up with some simple observations:

First, he learned that the best place to put the card was somewhere in the front. Try for the first chapter because not everyone reads the whole book.

Second, pick the books with the best covers and graphics inside- they sell the best.

Third, not all books sell and some are sent back to the publishers.

Fourth, having a USP on the card helps boost response.

Fifth, it takes about 10 minutes per bookstore.

Sixth, he averages 3-4 calls a month, and one loan per month.

Seventh, he now has his assistant do it. And she goes once a week.

Eight, the people who call in search of more information, so offering them unbiased advice and more resources really turns them on.
If you have the time, and are brave enough to be seen doing it, try it and see what results you get. I wanted to test it in my market. So I went to three bookstores and put in about 120 cards. I got 2 calls, and one of them is a very serious prospect. If I do it more often, I have no doubt that it would work for me as well.

Cheap Mortgage Lead Generation Tp # 3: Orphan Files

When a loan officer leaves a company the clients he / she bought to the company are called orphans. These clients now belong to the company. Ask your manager to see if you can contact any orphan files in your office to see if they need any mortgage or real estate help. Be nice enough, and they will allow you to add them to your database.

Cheap Mortgage Lead Generation Tip # 4: Tradeshows

Another coaching client of mine goes to tradeshows. But not the ones related to our business. He goes to unparalleled trade shows: electronic shows, design shows, car shows, and his favorite: women's trade shows.

Most of the time, he is the only mortgage company there. And he is averaging 2-3 loan applications per show. The trick is to tie in your business with the show. If it is a car show, you can advertise that you can help anyone buy any car in the place.

If you can pre-approve someone at a car show for a cash out refinance, they can go and buy that hot car they have been salivating on for the last 2 hours. Instant gratification.

Cheap Mortgage Lead Generation Tip # 5: Join A Local Real Estate Investment Group.

Every major city has one. And they are full of people buying and selling houses. They need money to buy houses, and they need money to help others buy their homes.

Cheap Mortgage Lead Generation Tip # 6: Realtor Open Houses

Stop by at realtor open houses on the weekends. Offer to leave some financing materials.

When you get to know a realtor, you can offer to do open houses for her where you sit in the house instead of her. It is not a fun way to spend an afternoon, but you might get some good leads out of it.

If you decide to go this route, make sure the house is in a well trafficked area and easy to get to. And make sure the agent does some advertising and lends you signs and balloons. You do not want to sit in a house, where no one shows up because it is hard to find or no one knew about the open house.

Another tip is to meet the neighbors of the home you are holding open. See if they know anyone wanting to move or buy. Chances are someone will know of a family wanting to move into the neighborhood.

Cheap Mortgage Lead Generation Tip # 7: Realtor MLS

Want a source of thousands of people who will be getting a mortgage within the next couple months?

It's sellers. And the Multiple Listing Service used by Realtors is full of them. Do a search of homes for sale, get the owners' name from the tax records and you have yourself a good prospect list.

Mail them something about you or an offer for free information. Call them if you can get their phone number and they are not on the Do Not Call list, or just drop by their house if you have the guts.

This is exactly what one of my coaching clients does. He calls Realtors who have listings and requests them if he can market his services to the home sellers. Many Realtors say yes. When they do, he contacts the sellers, and tells them that their realtor said it was OK to call on them.

He tells me the majority of home sellers he talks to are willing to talk to him and he gets several loans a month using this trick.

If you liked the above lead generation tips and would like more, check out my Jump Start Your Mortgage Career E-Class today. As I said these are just a few of the dozens of cheap lead generation techniques I share in one lesson of the course. The other lessons cover every aspect of mortgage marketing that you need to succeed in this business.

Immobilienmakler Heidelberg

Makler Heidelberg


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Source by Ameen Kamadia

Mexico Real Estate – 4 Major Types of Land to Look Out For When Purchasing!

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

When talking about owning and investing in real estate in Mexico, people always ask me the same question, "Can not they take away your land, or do you have one of those 99 year things going on?" Well, I can understand the concern and misconception, but basically, neither of those concerns are true.

Fortunately, ownership policy of Mexico real estate has evolved. Mexico now embarrasses foreign investors and second-home owners who want to acquire Mexican real estate. But those who set out to purchase real estate in Mexico, very quickly are confronted with different types of land to purchase. And many international buyers wish they would have done a bit more research before giving up a deposit.

The four major types of land in Mexico are the Federal Maritime Land Zone, the Restricted Zone, the Unrestricted Zone, and Ejido land.

The Federal Zone is a strip of land that hugs the ocean and the international borders. No one can own this land, not even Mexicans. This includes land along the Pacific Ocean, Sea of ​​Cortez, and Gulf of Mexico, from the mean high tide line to 66 feet up the beach. This 66 feet of coastal land is a buffer from the ocean to the first row of homes or businesses.

Some big hotels, Mexican land owners, large developments, and marinas apply for special permits to rent this land from the government. Some international and Mexican home owners with significant beach front real estate are also now applying for concessions to lease this land from the Mexican Government.

The Restricted Zone is the prime land that most international buyers are after. This is land that is more than 66 feet away from the mean high tide line and up to 32 miles away from the major oceans, and 64 miles from international borders. US citizens, and other non-Mexican nationals, are buying this land using an instrument called a "fideicomiso," also known as a Mexico bank trust.

This Mexican bank trust is a dream come true for international buyers of Mexican real estate. It gives the non-Mexican national owner of Mexican real estate the power they need to control their land purchase, very similar to the way a USA citizen would enjoy owning real estate in the USA. For example, using a fideicomiso, you would be able to will the land or home to your children, rent it, subdivide it, lease-option it, enjoy it, sell it, improve it or do anything that can be done with real estate.

This bank trust costs about $ 2,000 to set up, and about $ 500 a year to maintain, depending on the size of the land. If you decide to sell your property the bank trust is easily transferable making your property very sellable.

Mexican nationals do not use fideicomisos to buy land, as the restricted zone is not restricted to them. They buy land using a deed called an "escritura publica." So when looking to buy Mexican real estate, you will be buying from someone that has either a fideicomiso, or an escritura publica. A word of caution is that if someone quotes you a lot size of beach front land, make sure that no portion of that lot size is Federal Land.

The Unrestricted Zone is the inland part of Mexico that is over 32 miles away from the oceans, and over 64 miles away from the international borders. If you're a US citizen you do not need to pay the fideicomiso set-up fee to purchase this land. The Unrestricted Zone allows foreigners to own land using an escritura publica just like a Mexican citizen. The colonial cities of Taxco, San Miguel de Allende, Guanajuato, and Oaxaca are within this zone. All these cities are the Spanish colonial gems of the Americas, and much of their city centers are national parks.

The Ejido land is communal land. Do not buy this unless you are a Mexican real estate pro and really understand the details. This land is less desirable because clear title is difficult to get, and sometimes never comes. Ejido land is many times offered for sale from developers making promises that at some time in the future, 3 to 8 years, the land will be regularized for clear title. Regularization of Ejido land is a lengthy legal process that is not always achieved. Not only that, banks do not offer fideicomisos on Ejido land. So the only way to control Ejido land for a non-Mexican national is by setting up a Mexican corporation.

Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Mario Restrepo

Real Estate Agent Assistant Agreement

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Using an assistant agreement is vital when hiring a real estate assistant. It should describe the working relationship between you and the assistant. The first thing you should consider is whether he or she is an employee or working as an independent contractor. If you choose to have an employee you have to deduct taxes, social security and unemployment insurance from their pay. This involves a lot of record keeping on your part plus the added expenses you incur by having an employee…

So after consideration most agents that hire assistants choose the independent contractor status. You do not have to do any of the withholding. You just have to provide a 1099 form. There is no salary only a commission or fee as payment or services rendered payment. This fee will also be deductible on your taxes as an expense.. It would be wise to check with your accountant to see how to handle the payment schedule.

You should hire an assistant that has an active real estate license because if they don’t have one it will limit them to doing only what an unlicensed person can do. This will make a very big difference because there are many tasks that need a licensed agent to perform. Some of the requirements you should consider when interviewing an assistant would be having computer skills in programs such as Microsoft word, excel or comparable programs. If they don’t have a laptop computer you may have to provide one. Although it’s an expense the investment will prove well worth it.

Let’s talk about what else an agreement should do.

  • Define the work hours
  • Define commission or payment services
  • Explain what duties you expect from an assistant
  • Assist with showings
  • Assist with market value reports
  • Go on market value report appointments with you
  • Set Appointments
  • Do open houses
  • Record keeping
  • Mailings
  • Hand out flyers
  • Place signs for open houses
  • Make phone calls on your behalf
  • Prospecting for new business
  • Review the daily updates on the MLS
  • Preview new listings
  • Meet all of your clients and customers
  • A team player attitude

You must determine a payment schedule of how much, when and how often the assistant should expect payment. Your business growth should have a direct effect on commission increases for the assistant. A confidentially clause is important to have in your agreement. The assistant must know that what goes on between both of you stays confidential. Having this all on paper will set the guidelines. Your assistant will know their job description and their duties.. A real estate assistant agreement should protect both parties.

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Makler Heidelberg


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Source by John Allegro

Why Most Real Estate Prospecting Letters Fail

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Have you paid attention to the real estate prospecting letters you get in the mail?

Most of those real estate letters begin by breaking the #1 rule in copywriting: It isn’t about you.

Because those agents think the letters are about them, they begin the very first sentence with the word „I“ or „We.“

As a result, a huge percentage of people begin reading the letter with a thought or feeling of „Why should I care about you?“ or maybe „Yeah, so what? Who are you to me?“

The truth is, your prospects don’t give a hoot about you. They want to hear about themselves. The only reason they’ll read your letter is to see what benefit it holds for them.

You could say „My doctor says I’ll be dead by Tuesday unless you list your house with me,“ and it wouldn’t budge them a bit. They’d think „Sorry, that’s not my problem.“

That’s a little extreme. But you get what I mean.

So there’s the first big mistake. And most of the time, from there it doesn’t get any better.

Those letters might go on to say how many listings an agent has or how many dollars worth of real estate he or she has sold. It might even mention their „alphabet soup“ designations – which don’t mean a thing to most homeowners.

It’s all just more of the „me, me, me“ message that doesn’t interest prospects in the least.

So what can you do instead?

You can write about their concerns and worries. You can show them that you recognize their problems, and then explain what you’ll do to help solve those problems.

Your approach will naturally be different if you’re writing to a „cold“ group of homeowners in a specific neighborhood as opposed to say, a group of people with expired listings or a list of homeowners who have received a notice of default.

When you know what specific problems those homeowners have, it’s easier to show how you’ll solve them.

But even if you’re writing to a mixed farming area and don’t know what problems they need to solve, you can appeal to their curiosity and interest.

For instance, you can offer information about what’s been happening in that neighborhood. You can let them know how many homes are for sale or have sold in the past month or so. You can share average prices. You can tell them if prices are up or down from last month, or last quarter. And then you can offer to put them on your list for periodic updates.

Almost as an afterthought, you can let them know that you’d be happy to prepare a market analysis if they’re considering selling their home.

Today, successful marketing is all about giving something before you ask for anything. You have knowledge and advice. Give them freely.

Immobilienmakler Heidelberg

Makler Heidelberg


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Source by Marte Cliff

Top Ten Ways To Get Out Of Your Timeshare Contract

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

1 – Sell it to someone else! – This is usually the first method that timeshare owners will look into. It is unfortunate that this rarely works, however, when people first purchase their timeshare they are assured that if they ever want to get rid of it that they can easily sell or rent it out. This misconception has caused a lot of timeshare owners to spend a lot of time and money trying to sell their timeshare with little to no success. The fact is that the timeshare resorts still have hundreds of thousands of timeshare intervals to sell, so you basically have to compete with them to resell yours and it just does not work for most timeshare owners.

2 – Rent it out to cover the cost of ownership! – This is another common response that people choose for getting out of their timeshare obligations. However, the problem with this option is that, again, the timeshare resorts are already renting out empty timeshare units for cheaper than the cost of ownership. This makes it really hard to rent your timeshare out for any amount that would cover the cost of owning the timeshare.

3 – Donate it to a charity! – When timeshare owners realize that they will most likely not be able to make a profit from selling or renting out their timeshare they look for ways to just get rid of it. The only problem is that charities and organizations that accept timeshares are wise to what it means to take over ownership. Most charities will simply not accept a timeshare unless they are positive they will be able to make money from it or at least put it to good use. Usually only the most luxurious top notch timeshares are eligible to be donated.

4 – Just stop paying for it and do not use it! – A lot of timeshare owners are under the impression that they can get out of their timeshare whenever they feel like it. These owners think that if they stop using their timeshare then they can just stop paying for it. They absorb that the resort will take over ownership for it, sadly this is incorrect and the timeshare resort you purchased from has a lot of legally binding obligations with serious consequences if not abided by. This is one option that no timeshare owner should try out, you will only end up with a lot of timeshare debt that you may not be able to get out of.

5 – Pay someone to take it off your hands! – Recently a lot of timeshare owners have opted to actually pay someone else to take their timeshare obligations from them. These have been called "timeshare relief" companies and they offer an exit solution that gets you out of your timeshare once and for all. The only problem with these is that you have to pay for the services of timeshare removal, the good thing is that after you use them you will not receive any more maintenance fees or other timeshare related charges.

6 – Give it back to the resort! – This option is technically a very viable option in some situations. However in most timeshare contracts it will state that the resort is in no way obliged to take your timeshare back. In these contracts it often states that there must be a name on the timeshare contract at all times, which pretty much guarantees the resort will be receiving their regular maintenance fee dues no matter what. If your timeshare contract is not full proof you may be able to use this to get out of your timeshare contract.

7 – List it and hope it sells! – This is probably one of the first stops a lot of timeshare owners will check. They are happy to see that you can list your timeshare for sale for only $ 20 or $ 30 a month and people will contact you to buy or rent it. The problem is that there are so many timeshare listing sites and none of them really work. They make a lot of money by charging each user a listing fee or advertising fee, which is small but adds up. What is the real problem with listing your timeshare is that no one will ever find it, people do not go to these listing sites to search for a nice timeshare to buy or rent, they are already sitting at a timeshare presentation like you did and are going to buy a new one to make sure they get the most up to date rewards and bonuses upon purchasing their timeshare.

8 – Try to get a timeshare salesman to sell for you – This is a fairly unique idea that not many timeshare owners are sure to have tried. This method for timeshare removal would require you to essentially entice a timeshare salesman to sell your specific unit and interval in return for a commission on the sale. This is not a legitimate method as I have not heard of anyone ever actually getting a timeshare seller to help them sell their week, and they would probably say no as they have their own brand new timeshare units to try and sell 52 interviews on.

9 – Find a loop hole! – If you are savvy enough you may be able to find a technicality or legal method to get out of your timeshare. Some timeshares contracts are not as iron-clad as they are made out to be. It is true that most timeshare contracts are extremely full proof and there is little to nothing you can do to get out away from putting someone else on the timeshare contract so that you can take your name off. If you do happen to find a way to dispose of your timeshare contract legally please share it with the online community so that others may try to legally get rid of their timeshare obligations at little to no cost to them.

10 – Pass away – This is by far the worst, most unfortunate way to be free from your timeshare. And in many cases, even dying does not solve the problem of timeshare ownership. If you have anyone to inherit your assets they will be assigned as the new owners of your timeshare. This is a terrible thing to pass on to your loved ones and is why it is important to take care of your timeshare before it is too late. You would never want to leave something as financially burdensome as a timeshare to your family.

Immobilienmakler Heidelberg

Makler Heidelberg


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Source by Jeff Florio

What Makes Your Property Unmortgageable

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Within this guide we cover all the pitfalls that can result in your property becoming unmortgageable. Sellers make innocent mistakes without the knowledge that their house will become unmortgageable.

So, What makes a property unmortgageable?

  • Properties that have been neglected for years, as they may not be suitable for human habitation. People can find themselves in this situation when buying a property to refurbish. Running out of funds or change in circumstances can affect your project.
  • That don’t have kitchens and bathrooms or ones that are very dated are deemed unusable.
  • Believe it or not, a property with two kitchens. Why? Lenders assume that you could sub-let part of the property having bought it using a residential mortgage.
  • That are valued below £50,000, you will require a reliable cash buyer.
  • Apartments or Houses with leases less than 70 years. The freeholder has the right to take possession of the property after the lease expires.
  • Properties with structural issues, evident from cracks in ceilings and walls. These properties will require underpinning and remedial work carried out. Such properties remain unmortgageable and uninsured for five years or more following all work.
  • Subsidence occurs due to the soil surrounding the foundations shrinking or swelling. This causes the foundation, which supports the walls to move. Evidence of subsidence can be uneven floors, cracks within external walls and cracking above window openings. Even when fixed subsidence and structural issues are a stigma on a property. You will be required to disclose any of these issues to a buyer.
  • Properties that are close to mining works, areas of landfill or history of flooding are unmortgageable.
  • Properties with sitting tenants or regulated tenancies are unmortgageable. If tenants moved in before 15th January 1989, you have sitting tenants.
  • Properties with a defective lease are unmortgageable. An example of a defective lease is a block of flats and maintenance of a shared roof are unclear.
  • Properties with damp, dry or wet rot, wall ties or damaged floor joists are unmortgageable.
  • Properties with boundary disputes
  • Buildings in severe disrepair or dangerous
  • Illegal extensions without permission from the local councils planning and building control departments
  • Properties with non-standard construction, such as per-fabricated concrete
  • Properties that are next to commercial premises or apartments above food takeaways or shops
  • Properties within a close proximity to Japanese Knot-weed.
  • Properties with flying freehold
  • Fire damaged properties
  • Derelict agriculture buildings

This is not an exhaustive list. If any of the above points apply to you or you know your property is unmortgageable, there are many real estate companies that can buy your property at best costs.

Immobilienmakler Heidelberg

Makler Heidelberg


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Source by Saddat Abid

3 Simple Tips for Building Homes of Your Own Success

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Building Homes of Your Own is a computer game where you are challenged to get a loan, select and purchase property, design and build a house, and sell it for a profit. There are three levels to the game, Urban or Suburban, Rivers and Lakes, and Coastline. For each progressive level you will be given a larger loan for your budget. On the third level, Coastline, you will receive a loan for more than 1 million dollars.

Construction Technology Engineering is the main focus of the software. It is meant to be as close as possible to real world situations in the building homes industry. Many students in Technology Education and Engineering class utilize this software to learn the steps to planning and building a house.

Here are some of the main tips for being successful in the Building Homes of Your Own game. First, you need to remember that you are not designing the house for yourself. You will be given different situations depending on which property location that you choose. Most design something that would have wanted to live in while ignoring the demographics of the surrounding area. The surrounding homes and neighborhoods are big clues to whom you may want to sell your house to. You must check the demographics for information surrounding your property. For example, average population age is very important. You do not want to build a skate park in the backyard of a neighborhood where the average age is 65 and older.

Second, when designing your floor plan and interior remember you are trying to make a profit on the property. Your profit is the amount of money above what you spend on building the house. For example, if you design a very large house with the most expensive interior choices, you will not be able to make as much profit on your property.

Third, planning for your house designing decisions is the most critical step that most people overlook. There are three planning phases you need to consider. The "site phase," where you find and purchase your property. The "building phase," where you decide on your floor plan, exterior, and interior. The "sell phase," where you advertise and sell your house to potential buyers.

Your home will be judged by how much profit you make on your property. You must be able to find the right buyers by checking their credit information. They will be returned by the bank for a home loan to buy your property if they have bad credit. A score of 70 percent or higher means you can go on to the next level. Remember these tips and tricks for reaching the next level when playing Building Homes of Your Own.

Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Joshua Cane

Real Estate Leads – How To Get Free Real Estate Agent Leads

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Real estate leads are vital to any agent or brokers business. Home sale and home buyer leads have always been an important part of keeping a real estate business moving forward. With the advent of the internet and more than 80-percent of home buyers going on-line to look for their next home, internet leads are one of the most important marketing avenues realtors and brokers need to be using to increase their listings and income.

What many real estate agents do not know is that there are a handful of real estate lead generation companies that generate the majority of leads on the internet. In fact they generate so many leads that they do not have enough real estate professionals to sell them to. In order to help the home buyer or seller who went to the businesses website the lead generation companies have been giving the leads away for free, at least no up-front cost.

To get the free leads the real estate agent has to agree to pay a referral for any closed translation. The reason many agents do not know about these leads is because only one or two of the large on-line lead generation companies offer this free referral service because it requires them to have a licensed broker within the company.

These business leads are very helpful for a realtor starting in the business or a broker who has multiple agents under them. Also, agents who want to increase their marketing and number of closings each month can use these leads to increase their business. Typically the lead generation company wants 1 to 2 years of experience representing home buyers or home sellers but if they do not have any agents in your area then they will most likely take any agent. For home seller leads it is helpful if the agents have a network of investors who can buy houses fast. Many home sellers who go on-line and complete home seller forms need to sell a home quickly for many reasons. Some have large amounts of equity which allows them to sell price their home for a quick sale. Others are behind on their mortgage and would love to have an investor buy their home so they do not lose it to foreclosure.

If you are a broker or realtor and looking to increase your business I suggest signing up with one of the lead generation companies who offers a no cost real estate referral program. Typically these companies do not charge you any sign-up fee, monthly fees or cancellation fees, just a fee for closed transactions.

Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Shaun Greer

Sell Your House in 7 Days – Deal Or Scam?

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

I’m sure you’ve seen these advertisements on bandit signs by the highway, or in the real estate section of the newspaper. Perhaps you’ve wondered if they are realistic – or are they just a scam?

Well, the truth is that the better ones are genuine. They are placed by private investors who have immediate access to funds and can afford to close on your property quickly. They will often cover the closing costs, and will certainly arrange all of the paperwork. Sounds too good to be true? Well, it isn’t, but there is a snag – I bet you guessed that!

If someone is prepared to buy your house, for all cash, and close in 7 days, they are not going to pay retail market value. That’s a fact – they can’t afford to. These people are not philanthropists – they do this to make a profit (although the reputable ones also like to think they are helping people in distress). So, somewhere below the retail market value is what you can expect to see on their offer. How much below market value? It depends on the condition of the property, its location, and a number of other factors, but it could be around 70% of the retail price.

Before you think this is just a plain rip-off – think about it. If you sold the property through an agent, you would pay them at least 6%. Add on closing costs, inspections that you might pay for, and a small discount on the sales price, and it can easily get up to 10%. Then you can factor in your holding costs. If it takes you 6 months to sell the house (and that’s not bad in today’s market), you have your monthly costs – loan payments, tax, insurance, utilities, etc – to taken into account as well. On a house valued at $250,000, the monthly outgoings could easily be $2,500 a month. Over 6 months, that amounts to another 6%.

Add on the costs of preparing the house for retail sale – maybe another $5,000 and the situation could look like this:

Asking price $250,000

Discount for sale (2%) 5,000

Agent’s commission (6%) 14,700

Closing costs (2%) 4,900

Net sales value 225,400

Less:

Holding costs 15,000

Sale preparation 5,000

Total costs $20,000

Cash available $185,400 (74%)

So, if the house sells in 6 months, and you only have to discount by 2%, you might walk away with about 75% of the asking price. If the market continues to decline, or you have to cut your price for a sale, that could soon be below 70%. I think that makes an offer of 70%, cash, immediately, look attractive.

Of course, you can try to sell the property yourself, saving the cost of an agent, but market statistics show that over 80% of FSBOs (For Sale By Owner) end up using an agent anyway, and those that do sell the house themselves, achieve a lower price than the agent would have done. This is partly because the buyers know that the seller is saving agency commissions and discount that from the offer price.

When a private investor talks about buying your house in 7 days, this is just one of the ways in which they can do it. But as you can see, although at first glance the offer may not seem to be very generous, once you take into account the variables we have discussed, it can start to look like a good deal.

Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
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Source by Chris X Lewis