The Best Real Estate Property Investment

June 8, 2010
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For people and homeowners who are just starting out to become real estate investors, the safest and most effective way to gain profit is by investing in a residential property.

Residential properties can be rented out to tenants to get a monthly income from rents.  This will help pay the mortgage, operating expenses and produce a small cash flow as return on your property investment.

If you focus in residential properties, it will certainly give you cash flow and tax benefits.  The best residential income properties to buy are small apartment buildings and single family rental houses.  Also, the best residential properties…

Canadians Believe Buying A Home Is Still A Good Investment

May 31, 2010
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According to a recent survey done by Ipsos-Reid on behalf of RBC, Canadians are very likely to purchase a home in the next two years because it is still a good investment.

91% of Canadian homeowners believe a home is a good investment and people aged 18 to 24 are most likely to buy a house in the next two years.  Majority of them plan to take out a fixed-rate mortgage although combination mortgages are also popular with 40%.  70% of them will take out a mortgage term for five years or longer.

The motivation to buy homes can be attributed to…

Client Testimonials Help Build Trust

May 26, 2010
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If you’re an agent or a real estate agency, the best way to communicate your value is by getting testimonials from clients.  A third party endorsement carries more weight and a previous study showed that 86% trusted recommendations from friends while only 14% of consumers trusted advertising.

Here are some suggestions on how to get testimonials from clients:

* Listen for testimonials from your clients and ask them if you can quote their words for future references.  Set up a file for these comments so you’ll be able to show them to your future clients.
* You can also jot down their comments…

Signs Of Recovery For The Real Estate Market

May 26, 2010
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According to top economists, the housing market will show positive signs of employment and national economic growth in the coming several months.

The Labor department reports that there were 2.7 million job openings last month compared to last months survey while the GDP has a very solid 3% during the first quarter.  These reports indicate that the labor market and economy is in the midst of recovery.  The recovery of the labor market created by a national economy will then help the housing market move forward in a better direction.

Although the bad weather experienced during the months of January and February…

Prospecting Expired Listings

May 14, 2010
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Agents can greatly benefit from finding expired listings.  It is easy to find expired listings because they crop up everyday.  These expired listing provide a number of leads for listing appointments for agents.  You need to set a schedule to take advantage of the days where there are a lot of listings.  The end of the month is usually the heaviest times for expired listings and 25% of the expired listings of the month may occur in just one or two days so you need to check it out all the time.

Homeowners of expired listings will still want to sell…

Getting A Commercial Property Management Agency

April 26, 2010
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It is not easy to handle a commercial property.  If you own a commercial property, it may be a good idea to get a commercial property management agency to help you with property development, investment and management.

Although traditional advertisements will work, a property management agency can fully dedicate their time on your property to be able to explore all options.  The agency will also help you maintain the property and ensure compliance with all safety and health standards.  Property management also includes collecting and recording rents and charges.

The agency can also help you develop or redevelop your commercial property.  It…

Number Of Foreclosed Homes Decrease

April 26, 2010
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Although the numbers of foreclosed homes in February were only slightly lower than January, these have not dampened the banking lobby and are confident that foreclosures are losing speed on every state.

According to the National Delinquency Survey, the delinquency rate for residential house mortgages fell to a rate of 9.47% on all loans and lower by 17 points from the previous quarter.  In Illinois, the delinquency rate of residential mortgages went up to more than 11% in the 3rd and 4th quarters of 2009.  But foreclosure starter numbers during the last quarter dropped to 1.35%. Loans in bank foreclosure listings…

Housing Market Increases In February

April 26, 2010
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The recent research done by the Connells Survey and Valuation reported that there were 22% more valuations conducted in the month of February with activity increasing for 6 consecutive months.

The valuation market started to see an increase in activity in January and February saw house hunters back on the street in force.

The recovering housing market is attributed to a large number of first-time buyers, with 63% more first-timers commissioning a valuation in February than in January.  It may also be influenced by the wider availability of higher loan to value mortgages coming back to the market this year.

Although the month…

Fed Reports An Increase Number In Consumer Spending

April 26, 2010
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You should focus on the Federal Reserve or the latest pending home sales if you want to determine the outlook of the real estate market in the coming months.  According to the Fed’s report, despite the bad weather during the months of January and early February in large portions of the country, there is an increase in the number of consumer spending and manufacturing output.  These two are key indicators that the economy is heading for a better direction especially consumer spending that accounts for 70% of the county’s economic activity.

The increase in the percentage of consumer spending indicates that…

Pre-Qualifying For A Home Loan

April 5, 2010
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You should pre-qualify for a mortgage before deciding to purchase a home.  Being pre-qualified will help you and the lender determine just how much home you can purchase according to the Federal Housing Administration’s pre-qualification essentials.

Here is a list of requirements you need to meet to pre-qualify for a mortgage:

1. Steady employment history.  You should have at least 2 years with the same employer.
2. Consistent or increasing income over the past two years.
3. Good credit history with less than 2 thirty day late payments in the past 2 years.
4. If there are bankruptcy records, it must be at least 2…