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Interested In Real Estate Auctions? Here’s What To Do To Be Successful

Posted by on 12:53 pm in Uncategorized | Comments Off on Interested In Real Estate Auctions? Here’s What To Do To Be Successful

If you’re hoping to get into real estate for investment purposes, real estate auctions can be a great way for you to save some money. By bidding against others, you can purchase a property for much less than you might get it for on the open market. However, it can be easy to bid recklessly and end up spending more than you intended on a property that isn’t that great. That’s why it’s important to heed the advice below if you want to be successful with real estate auctions. Sit In First You may be eager to get started, but it is to your benefit to sit in on a few auctions before you ever bid. That way, you can get a feel for how the pacing works, which can be important for you when you start to bid yourself. Learning about the way other bidders act when they want a property or what kind of leaps people make with their offers can provide guidance that you can use to your advantage. Do Some Research One of the best things you can do before you place bids is to do as much research as possible before the day of the auction. You can get a property list ahead of time and use a number of resources to determine not only how much a reasonable bid would be, but whether there are other issues you need to be aware of. For example, you might work with a realtor to help you valuate a particular house based on comparable recent sales of homes in the area, but you might want to also investigate the local permits office to determine what work has been done on the house in the past decade or so. That will give you some idea of how much additional money you’ll spend on it before you attempt to rent it out or flip it. Have a Limit When you’ve done your research and really want a particular property, it is easy to get caught up in the moment and bid more than you planned. That can cause you financial problems going forward. That’s why it is critical to have a personal limit that you won’t go over, regardless of your excitement or feelings. If the property doesn’t see because no one met the reserve price set by the auctioneer, you might still be able to get the property after the auction is over. If you are outbid, you still have funds available for another property. To make sure you respect your own limit, you might want to use one particular bank account for your auctions. You can deposit up to your limit and only bring specific account information or checks for that one account to the auction with you. With the tips above, you can be well prepared to buy investment properties successfully through real estate auctions. For more help, talk with a real estate agent in the area, like one from North American Auctioneers, who can provide you with more...

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Time To Sell Your Home? Understanding Different Selling Options

Posted by on 5:21 am in Uncategorized | Comments Off on Time To Sell Your Home? Understanding Different Selling Options

If you have decided it is time to sell your home and move your family to a new one, you need to have some kind of selling plan. It is possible to sell the home yourself, without the help of a real estate professional. This will save you from having to pay any commission fees. However, doing all the work yourself is not easy; especially if you have never sold a home before. Before you decide to go it alone, here are a few things you need to consider. Selling it Yourself To sell a home without a real estate agent, you are going to need to find a good way and place to advertise the property. Agents use a Multiple Listing Service (MLS) that is only available to licensed professionals. A potential buyer can go to an agent and have the agent search the MLS to find homes that fit the buyer’s criteria. For example, if someone is looking to buy a home with 3 bedrooms, 2 baths, in a specific neighborhood, with a large yard, the agent can find what is available. Of course, if you are selling it yourself, it will not be on the MLS. Although an agent probably knows where to find houses that are for sale by the owner, he or she has no real incentive to look. If there is no contract with an agent, it means there is not going to be a commission. Agents do not work for free. Having an Agent Do all the Work When you have a real estate agent working for you to sell your home, you will receive more benefits than more potential buyers. You will have someone who can evaluate the market, determining just how much your house is worth and what you should set as an asking price. He or she will often have a professional appraisal done on the property. The agent can go through your home and help out to make a few changes so that it will show better to potential buyers. In addition, there will be someone available to show your home at all times. You will not have to leave work or give up your family plans to allow potential buyers into the home. A La Carte Real Estate Services You may decide to use some of the services offered by a real estate agent and do some of the work yourself. Some of the most popular services include having an MLS listing, using lock boxes on the door to allow a buyer’s agent into the home when you are not available to show it and placing signs in the yard or at the street corner to attract buyers. When you go with a la carte services, you pay per service or some type of flat fee instead of paying a sales commission based on the selling price of your home. If you have experience in real estate sales and some way to advertise that you are selling your home, you can try to sell it yourself. However, you may find it is beneficial to use some of the services offered by a professional. Of course, if the home does not sell in a reasonable amount of time, you can always contact and agent and work out a...

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Tips For Renters: Working With Property Management Firms

Posted by on 1:52 pm in Uncategorized | Comments Off on Tips For Renters: Working With Property Management Firms

Most apartment complexes and even some rental homes are actually managed by a property firm. You may not ever meet the actual property owner, since most of your dealing will be with the property management firm. The following tips can help you have a good experience when working with these third party companies. Tip #1: Create your own paper trail Most property managers are skilled at creating a paper trail to protect both themselves and your from any issues down the road. Just in case, though, it is also a good idea to know what kind of paperwork to keep: A copy of the lease and any related addendum, such as pet agreements. A move-in report. If you aren’t provided one, fill out your own documenting any damage or wear on the unit. Take photographs, if necessary. Turn in a signed copy to the firm and keep a copy for yourself. Copies of any invoices or receipts from work completed on the unit during the time you live there. Copies of canceled checks or receipts for all payments you make, including rent and deposits. Tip #2: Ask about maintenance expectations Are you expected to switch out light bulbs or handle minor issues, such as a clogged toilet? For rental homes, is grounds-keeping your responsibility or that of the owner? Talk to the property manager if these things aren’t clear in the lease so you aren’t surprised with a bill or the need to make your own repair arrangements. For example, a non-structurally damaging crack may be considered cosmetic, so the property manager nor owner is expected to fix it. Tip #3: Know the emergency repair protocol Ask the property firm ahead of time what the protocol is for an emergency, such as repairing a furnace on the coldest night of the year. Some firms will provide you with an emergency handyman service number to contact, while others prefer you to call them first because they have their own repair staff. Still others encourage you to bring in your own repairman and then bill the property owner for the repair. Tip #4: Be upfront with issues Don’t try to hide things from your property manager. Their goal is to work with the tenants on behalf of the owner, but their loyalty is to the owner. This means they will be forced to evict you if you fail to pay rent, are chronically late, or are damaging the unit. It doesn’t matter how nice or friendly they seem – they must do their job. Be upfront if you have issues. Discuss options if you will be late on rent, for example. Many property managers and owners are willing to work out payment arrangements with otherwise good tenants for a short-term financial difficulty. Click here to learn more about property management in your...

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How To Thaw Frozen Locks

Posted by on 9:39 am in Uncategorized | Comments Off on How To Thaw Frozen Locks

The frigid Canadian winters can pose all kinds of problems, even with the locks on your car or home. If your locks get frozen, getting them thawed and unlocked can be quite the task. A frozen lock is definitely frustrating, and no one wants to be stuck out in the cold. Before you call a locksmith, here are some tips to help you safely thaw out your frozen locks so you can get inside and get warm quickly.  Heat Your Key Up If you’re able to warm up your key to a hot enough temperature, it could be sufficient to eventually penetrate the lock. Using a match or a lighter, heat your key up. After it’s hot enough, try to slide it into the lock. It may take a few minutes to work as the heated metal slowly thaws the ice inside of the lock. If the locking mechanism is still frozen solid, you may need to repeat the process a few times until you can get the ice melted. Try Hot Liquid Warm water or other hot liquids can help melt the ice inside of your frozen locks. If you have a cup of coffee, this will be sufficient enough to work but you may need a lot of hot liquid in order to completely thaw the lock out so you can insert the key. Pour the hot water or other liquid slowly over the handle of your door until the ice starts to melt. This process definitely works, but you’ll need to patient. Keep in mind that you may have to repeat this process several times until the heated liquid has done its job. The heat from the liquid will also help warm up the handle, which can contribute to the thawing process.  Use A Canned Deicer Spray A de-icing spray solution can also be an effective way to get a frozen lock thawed. This material comes in an aerosol can with a tiny tube attached so you can insert it directly into the lock. Deicers contain a special lubricant and alcohol mixture that work together to quickly melt ice. Keep a can of deicer in your vehicle at all times so you’ll have access to it if you need it. In order to prevent your locks from freezing in the future, make sure they’re well lubricated and as clean as possible. Proper maintenance of your car and home locks can help prevent a frozen lock emergency in the...

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3 Questions To Ask When Working With A Real Estate Agent

Posted by on 9:18 am in Uncategorized | Comments Off on 3 Questions To Ask When Working With A Real Estate Agent

Buying a home is a major decision. As you look at some of the different options available to you, it is important that you have a good real estate agent working in your corner. Every agent is different, so spend some time looking around and making an informed decision before settling on one agent over another. Here are a few questions you can ask to make sure you get someone you are comfortable with. Is there a way to reach you after hours? Buying a home isn’t something that you can only do during normal business hours. You might be out and about on a Friday night and end up finding something. You want to be able to get in and look at the home as quickly as possible to prevent losing out on the home of your dreams. You need an agent who is going to be available on weekends and during the evening hours. They should be able to provide you with their cell phone number and email address so you can reach them quickly if something does pop up that you want to put an offer on. How do you go about finding places to buy? You need an agent who is going to work for you. Make sure to ask them how they are going to find you the home of your dreams. If they aren’t going to do a lot of legwork for you, it isn’t going to help you get into the home you want. Your agent should be contacting you on a regular basis to provide you with different homes to look at and check out. If not, they aren’t doing their job. How long will the closing process take? Since there are many different options for purchasing a home, you need to know some of the different specifics surrounding closing. Short sales are different than foreclosures. Each type of home has their own process involved. Make sure you know what you are stepping into before committing to one home over another. This way you aren’t thinking you can close in a couple weeks and finding out that it will take a month or longer. By going through and asking the right questions of your agent, you can make sure you are both on the same page and there aren’t any unexpected surprises down the road when applying for a mortgage and closing on the home. For more information, contact a local real estate agency like Coldwell Banker Complete Real Estate Homes for...

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Canadian Farms Of The Future: 3 Features Your New Land Must Have

Posted by on 12:23 pm in Uncategorized | Comments Off on Canadian Farms Of The Future: 3 Features Your New Land Must Have

It’s always fun shopping for farmland, especially if you have a precise vision in mind for how your operation will succeed. As they say about buying horses: don’t fall in love with the first horse you see. Likewise, don’t buy the first farm that catches your eye or your gut. Take the time to examine each farmland for sale thoroughly to ensure it has the following 3 assets: Room to expand and grow Agriculture in Canada will continue to evolve and change as laws and public tastes do. For example, you may want to be a sustainable egg producer and you’re searching for an existing layer operation to convert, since many consumers and high-profile chain restaurants across Canada now demand cage-free eggs out of concern for the welfare of the laying hens. Switching a standard laying operation over to an enhanced cage or free range system will alter your strategies as to land use, facility costs and potential risks. Numbers that the current producer shows you will be irrelevant. Any alteration of an existing operation may increase or decrease yields, so be sure you’re purchasing land with the space and accessible resources you need. Walk the entire boundary of potential properties to determine whether your ideas for your farm actually fit the topography, and make certain future infrastructure can be accessed by utilities including water and power. Be realistic in assessing how much renovation or new building must be accomplished before you begin your own operation. Neighbors who support you Some say that rural folks don’t care what you’re doing as long as they know what you’re doing. While this may be a complete exaggeration, it is a good idea to learn about the neighbors around any property you are considering for your farm and to let them know your plans once you do buy land. One couple believed their LED greenhouse lights would disturb neighbors, but the neighbors actually enjoy the pink glow. Don’t assume that shy neighbors won’t welcome or help you. It may be rude in some communities to cold call neighbors, but a lot can be learned by asking a knowledgeable real estate agent who has been involved in showing other local properties. They are a good source for learning about what crops or commodities other neighbors are growing or producing on their land. Realtors also know which property may be slated for future development and which is protected green space. The local convenience store or general store is often a good place to ask for directions and then start up a conversation about the community. You don’t want to be the F.B.I. even when you know people a bit better, but merely make small talk as if you are a visitor on vacation. Local papers, church gatherings, social media pages and town websites are also sources to discover the community leaders, unique personalities and local disputes every town offers. Access to good wi-fi Farming is at the edge of a revolution. Like manufacturing and other industry innovators before them, farming leaders are learning to aggregate big data from many producers to learn how to practice what’s been called precision agriculture. Of course, farmers are busy people and haven’t necessarily worked out all of the kinks in sharing their growth and harvest data with other...

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4 Benefits Of Hiring A Property Management Company

Posted by on 9:05 am in Uncategorized | Comments Off on 4 Benefits Of Hiring A Property Management Company

If you own any residential rental property, you may be on the fence about whether to take care of landlord duties yourself, or turn to a property management company to work on your behalf to manage your property. While hiring a property management company requires a financial investment, there are many advantages to using a property management company to manage your rental property. Some of the biggest advantages of a property management company include: Finding Quality Tenants A good property management company will have extensive experience in finding and screening quality tenants. The company will have a comprehensive system that takes care of background checks and credit checks, and they will verify an applicant’s financial information. This will benefit you greatly, as you can rest assured that the tenants living in your home are well qualified and should take good care of your property. Rent Collection When renting out property, receiving rent on time is one of the main goals. When you hire a property management company to manage your rental property, they will take care of all aspects of collecting rent each month so you don’t have to worry about it. Some property rental companies have websites that allow for online payments, while others will have tenants mail the rent check to their office. A property management company will also clearly outline the terms of paying rent in each lease and may collect late fees on your behalf if rent is not paid by a specified date. Knowledge of Rental Laws One of the more difficult aspects of being a landlord is having to know and understand all of the rental laws in the province or city where your rental property is located. Violating rental laws can land you in a lot of trouble, but if you work with a property management company you can have the peace of mind of knowing that the company specializes in rental properties and has staff members who know all of the details of current rental laws, like Richmond property managers. Less Stress for You When you have a company manage your rental property, you don’t have to worry about getting calls from tenants or having to make major repairs. Property management companies typically answer calls from tenants day or night and can arrange any maintenance or repairs that may be needed. When you use a property management company, you can enjoy all of the benefits of owning rental property without the day to day stress of being a...

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3 Key Considerations When Purchasing A New Home

Posted by on 12:56 pm in Uncategorized | Comments Off on 3 Key Considerations When Purchasing A New Home

If you are in the market for a new home, you probably aren’t sure where to start. After all, buying a home can be very confusing, tedious and downright overwhelming. It isn’t like going out and buying a new pair of pants. Purchasing a home can take months, if not longer. You want to make sure you get what you want. The last thing you want is to end up with a home that you are unhappy with. It isn’t something you can just walk away from in a month or two. It’s a long-term commitment. Because of this, you need to take a few things into consideration before signing the paperwork. How well you know the market. Even though many people don’t realize it, there is a right time and a wrong time to purchase a home. You need to know whether you are dealing with a buyers’ market or not. This will help you determine what the property value should be of the home and ensure you get the best deal possible. By evaluating the market and the conditions, you can make sure you get the deal you want in a neighborhood that is going to work for you. How well you know the neighborhood. You don’t want to move into a neighborhood that you don’t feel safe in. You need a neighborhood with a solid reputation, quality schools and overall aesthetically appealing environment. You want the value of your home to go up as the year’s progress, not the other way around. Where you live is more important than ever, especially if you are planning on having a family. How well the home checked out. Home inspections are more important than ever today. Not only do you want to check for possible structural issues, but you also want to check for any pests that might be lurking around the house. No one wants to deal with a cracked foundation or bats flying at their face. By going through the home inspection, you will know what you are dealing with ahead of time. It will also help the lender determine whether they should give you the money or not. By taking the above into account before purchasing a home, you can make sure that you are going to be satisfied for quite some time. There is no reason why you should have to sacrifice the things you want in your next home. For a real estate appraisal, contact a company such as Shaske & Zeiner Appraisal Consultants...

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What Type Of Home Security System Do You Need?

Posted by on 10:23 am in Uncategorized | Comments Off on What Type Of Home Security System Do You Need?

Home security is a priority for all citizens, whether they own a modest home or a sprawling estate. Keeping your family and your possessions safe does not have to impose a financial hardship on you. There are multiple ways to keep criminals out of your home. Canine Protection Dogs do provide some protection for your home, even smaller dogs that raise a ruckus when someone tries to get into your house. Thieves cannot know if your dog is dangerous or not if they cannot see the animal. Also, they are afraid that the noise will raise the attention of the neighborhood. Dogs still require a financial investment, however. The ASPCA estimates that a large dog costs you $1843 in the first year that you own them.  Unmonitored Alarm System You can also invest in an unmonitored alarm system. This includes installing alarms on your windows and doors that will set off a shrill and loud noise if someone attempts to breach your home. You can also expand this system to include your smoke detectors. This type of system is generally affordable for many homeowners, but only serves to warn you and hopefully scare off intruders. You will have to call the police yourself if someone tries to break in.  Monitored Alarm System A monitored system offers you the highest level of protection. The alarms are monitored at a central location, so that if someone enters your home while the system is engaged, your security company will call your home to see if it is a false alarm. If necessary, they will contact the authorities. According to the experts, thieves who manage to enter homes with these systems do not “get away” with as much of your property. Once they see that you have a system, they leave as quickly as possible. After your initial investment for the alarm system equipment, you will have to pay a monthly fee for the monitoring.  Everyone wants the highest level of security for their homes, but your budget may determine what system you choose. You can afford some protection, however, even if you just invest in a dog. Vigorous barking can discourage many thieves. An unmonitored alarm system offers you a bit more protection while a monitored system gives you the highest level short of hiring your own security guards. Research your options and then contact a security expert in your area.   Click here to learn more or do an online...

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Four Sneaky Turn-Offs Every Restaurant Seller Needs To Know

Posted by on 7:53 am in Uncategorized | Comments Off on Four Sneaky Turn-Offs Every Restaurant Seller Needs To Know

When you are trying to liquidate the previous building that housed your restaurant, it is no big secret that there are things that can make buyers take one look and run in the other direction, such as major structural flaws or even a few years worth of grime and dirt. However, once the big problems are out of the way in your attempts to make sure your building is ready for the commercial real estate market, there are some sneaky little turn-offs that will require your attention. 1. Bad Lighting – Bad lighting is a big deal in any building where food will be served. Poor lighting causes a place to look dingy, outdated, and even dirty. Just by making a few lighting upgrades you can make a much better impression on buyers. For example, you can swap out old light bulbs for cool-burning LEDs that create an even lighting effect and offers a brightness that is much less likely to make your commercial property appear grim.  2. Bold Colors – That bright red, golden yellow, or neon pink may have perfectly coincided with your business, but there is little chance that the same color scheme will work for a prospective buyer. Before listing your property, it is a good idea to get rid of bold-colored paint by covering painted surfaces with more neutral tines, like white or beige.  3. Odd Odors – In a restaurant, odors are almost unavoidable, and what smelled really nice when you were in business in the building could leave the building saturated with an odor that is anything but pleasant. Before you allow interested buyers into the building, do what you can to eliminate strange odors that may be hanging around. In some cases, just allowing the building to air out by opening up doors and windows will help, but if the odor is really strong, you may have to go through the building cleaning with vinegar and water to neutralize odors.  4. Lush Landscaping – You may think that all of those years of work that you put into creating the perfect landscape at your business will be appreciated by a potential buyer, but this is one feature that can actually get in the way of making a sale. Lush landscaping often looks like a lot of time and hassle to a busy business buyer. Therefore, it could be worth hiring a landscaper to scale down the plants, trees, and shrubbery just a bit. For assistance, talk to a commercial real estate...

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