Understanding the Pros and Cons of Short Sales For Real Estate Investing

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Everyone has heard the term short sale. In fact, you probably know people who have at least considered a short sale for their home, if not actually sold their home short.

So what is a short sale and how can real estate investors benefit from this type of real estate investment?

A short sale is defined as a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.

In other words, a short sale is really about getting the lender to agree to discount the existing loan balance. This usually happens because of a financial hardship. So you can see why short sales are particularly relevant in the current economic downturn.

What's the rub? The lender has to agree to the price at which the short seller is selling the home in order for the debt obligation to be resolved – the loan amount paid off.

Real Estate Investing Opportunities with Short Sales

So how do real estate investors benefit from short sales?

Primarily, the benefit lies in getting a home with a motivated seller at fair market value. There are plenty of myths out there about buying a short sale home and making a killing doing so. While I would not say you can not make money, it's not quite as simple as it sounds.

Why? Simply put, while it's true that banks are not in the business of selling homes, they are also not in the business of making stupid deals. They're looking for homes to bring market value, no less.

Does this mean as a real estate investor you should not look for short sale homes. Not necessarily. But understand that because the lender has to agree to the price, you can bet that the price will be pretty close t market.

Understanding the Risks of Short Sale Homes for Real Estate Investing

Yes, as with any investment, there are risks. And you need to know them before jumping into the real estate market.

What risks are associated with purchasing short sale properties?

First, understand that because the seller has to negotiate with the lender, instead of two parties to the deal, you now have three. And the bank is not always the most efficient of enterprises with regard to property transactions. In other words, be prepared to wait. The process will probably not be quick. Especially if you're looking for a deal. This is primarily because of the banks willingness to wait for an offer on the property at or new market value.

Further, do not think that the bank, having taken its time to process the paperwork, will give you the same option. Closing times on these properties are often as tight as 10 days. That's right – you've got to be ready to close in a hurry if you plan on investing in these homes.

So if you can handle some of the challenges with short sale properties, there are opportunities out there for savvy real estate investors. But know the process prior to getting started. Understand the pros and cons before purchasing a home.

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Source by Chris Mura

Foreclosures And Short Sales

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Attempting to do a short sale may be a challenge when there are foreclosures on homes with multiple mortgages. For example, there may be a situation where the foreclosing lender with the highest amount due is in the second place, and the second lien holder with a substantially lower amount is in first place. This can happen because the second lien holder got to the courthouse first and recorded ahead of the larger mortgage holder.

In these situations, the largest mortgage holder is going to ask in the foreclosure action for the equity court judge to declare that the first lien be declared paid in full. They will also request that they be placed in first place and be granted the foreclosure action along with any taxes, insurance premiums and other expenses which may due and attorneys fees cost for their action. An this is, of course, the only fair and legal thing to do. After all, they are the primary lien holders.

Many wonder what the best course of action should be in this situation. As it has not gone to sale yet, you could absolutely be trying to do short sale. The foreclosure market is at an all-time high, so the opportunities to profit from foreclosure investments have never been better. With short sales, there are different techniques you can use to discount the amount of the loan from the lender. You can discount it down to what is owed as opposed to what the value of the home may actually be. Short sales are becoming more and more popular because of the large discounts that they can offer. But one point of concern might be that while they're in litigation trying to get it moved in the first position that they might be due to finalize a short sale.

It still never hurts to ask. Lenders have made unusual decisions over the years, decisions that you would think they would be willing to do. And it does not cost a nickel to ask. So proceed with the short sale just like you would any other short sale. Be sure that you consider the condition of the home as you are trying to do this short sale to work in this estimate of repairs in with the final amount.

Your ultimate goal is to close the deal. You gotta have the patience of Job to be a short sale expert. The end result can have quite a payoff!

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Source by Bryan Benson

The Real Estate Short Sale Process

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The short sale process can be a daunting experience for many homes sellers. Not only are many faced with making a difficult decision. Now they have to go through a complicated sales process that will take much more time than a standard sale.

Well start by covering what a short sale is. That name practically says it all. A short sale is exactly that, a sale where the sale price of the home is lower or shorter, to cover the mortgages and expenses of the sale. An easy example of this is a homeowner who bought a home at the peak of the market, lets say for $ 500,000. Now with the economic downturn that homeowner is in need of selling the home but its now only worth $ 250,000. The homeowner has an existing loan on the property of $ 450,000, the $ 200,000 difference would have the deficiency to settle on this debt and be able to sell the home.

The short sale process is the steps that have to be taken in order to have the Lender or lenders agree to forgive the debt and accept payment in full from the procedures that can be earned from selling the home at the time of sale. Going back to our example, our lender would accept to receive $ 250,000 as payment in full, forgiving the $ 200,000 balance owed.

The process is simple but time consuming.

First, the seller decides to short sale. Many times this decision is reached after the homeowner is in default on mortgage payments but it's not necessary to be in default. Better yet if the seller is current. This can open the doors to short selling the home and buying a new home much sooner than actually being in default.

Once this decision has been made, you contact a trusted real estate professional, preferably well versed on short sales and the process. Many who know what they are doing will have support for the seller and possibly a legal team that can help. The best can offer this at no cost to the seller.

From here the short sale starts to take shape. The property is prepared for sale. Placed on the market at its fair market value, this is very important to ensure the short sale is approved. Once offers are negotiated, they are submitted to the lender or lenders with supporting documentation showing the lender (s) it's in their best interest to approve the sale Usually this is proved with a hardship letter written by the seller and supporting documents, if there is not enough income to support the continued payments of the property.

The time delays with the short sale process are usually due to the internal process the short sale must take once submitted for approval. The lender will verify value of the home by doing BPO's and possibly full appraisals, depending on the lender and the position they're in. If there are seconds or thirds, written agreements have to be secured from the other lenders, agreeing to the settlement amount being offered, if any, by the first lien holder.

The process usually takes from 45 to 60 days depending on the number of loans and the skills of the person contacting the lender (s), although it can take as long as four months.

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Source by Ricardo Castro

Short Selling

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Short selling is a term that is very commonly used in the trading of shares. So, it is important for investors to have a good understanding of the meaning of short selling. Stocks represent a small piece of ownership of a company that is bought by an investor through a broker in order to make profit of it. There are times when an investor anticipates that a stock will increase in value and makes a deal in order to gain in the long term. This is when the investor "goes long on an investment." Conversely, when an investor thinks that there will be a decrease in the share price in future, he / she "goes short on the investment."

Short selling or "shorting" is a practice of selling securities that the investor does not own it at the time of sale. The investor anticipates that the price of the stock will decline in the future and short sells it in order to purchase the security at a lower price. A short seller "borrows" the securities to be sold and repurchase them for returning to the lender. If the price of the stock Declines, the investor can make huge profits by short selling them. Conversely, if the price increases the investor can lose a huge amount of money.

For example, a company AB currently has a value per share of $ 5. A short seller now borrows 100 of these shares from the broker and sells them at $ 500. Later when the price of the share Declines to $ 3 per share, the investor buys the 100 back for $ 300 and makes a $ 200 profit (borrowing fees deducted from this). Conversely, if the price increases to $ 10 share, the investor can lose $ 500.

For short selling, an investor needs to open a margin account with the broker. This allows the investor to borrow from the brokerage firm using the value of the portfolio as collateral. In general, the value of the portfolio must be at least 50% of the size of the short sale amount. For a short sale, an investor needs to instruct the broker. The broker can only borrow a stock if the particular stock is allowed to be borrowed. Similarly, it can be bought back when the price declines. The profit then goes to the margin account of the investor.

An investor short sells due to two prime reasons – opportunism and portfolio protection. Sometimes an investor might feel that a particular stock is tremendously overpriced and is bound to fall. Short selling allows him / her to profit form that fall of price. Also, it helps investors insulate their stocks at the time of an economic downturn when prices of all stocks are bound to decline. It is also seen by some investors as a way to diversify a long portfolio by short selling some stocks. This can reduce the volatility in the portfolio as a result of an economic downturn and helps to profit even when the prices of stocks are falling.

However, short selling involves many risks as the mechanism here is much more complicated than a normal stock market transaction. There is high risk involved along with a potential to earn huge profits. Therefore, an investor must be fully aware of the mechanism and the risks involved before he / she attempts to short sell any security.

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Source by Amit Malhotra

Short Sales – Foreclosures

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Short sales work quite different than other types of sales and require detailed explanation. It is NOT the same thing as a bank owned property (which is also known as REO or Corporate owned property).

WHAT IS A "SHORT SALE"?

A short sale is an imminent foreclosure situation in which the bank is owed more money that the home is worth. Because they know that the homeowner has no possible way to come up with the shortfall, they allow the home to be sold at a loss (a shortage to the bank, consequently, the term short sale). Here's an example: Home was purchased for $ 700,000 in 2005. Today it is worth $ 300,000, but $ 650,000 is owed on the mortgage). The bank does NOT own the property yet, but suspects they'll end up with it via a foreclosure. A buyer agreements to buy it via short sale for $ 300,000 and a deal is stuck with both the seller and the bank. This is a short sale.

Taking a home back via foreclosure is an expensive proposition for the bank. They will incur significant attorney and court fees, it could drag on for a year, the interest payments on the mortgage are not coming in anymore, and the home could end up sitting vacant-subject to vandalism and deterioration.
This is why they will consider selling it prior to the foreclosure sale.

Here's the big catch to short sales though: THE PRICES YOU SEE LISTED USUALLY MEAN ABSOLUTELY NOTHING. I know that goes against all conventional reasoning. Any other type of sale you could certainly buy at the listed price, but not necessarily on a short sale.

BANKS KEEP MAY SECRETS

Here's why: while the banks agree to allow for the short sale, rarely they will ever tell the listing agent what they will accept for the property. The agent simply has to guess. And some do a lot better job than others (I've seen one listed for a dollar before. The bank will not of course accept anything remotely close to that figure). So, as you can probably guess, the quality of the lists will vary greatly. The moral of the story here is if you see an absolutely incredible deal but it says it's a short sale, do not get overly excited! They lead to a lot of disappointed buyers!

The good news is that an occasional transaction can be had buy buying a short sale. Because the banks do not want to foreclose if they do not have to, they will accept a discount on the properties -it seems to be at 90% of what they deem to be market value. Foreclosures already owned by the bank are often better priced though. Banks hate to have property in their portfolio. They are NOT in the business of owning Real Estate, so once it's been foreclosed they need to get rid of it, on short sales it's not their property yet, so the speed motivation is not a factor at all.

MAKING OFFERS ON "SHORT SALES"
Making offers on short sales is a bit different too. They are often very slow. If you are an
investor or a vacation home buyer with a lot of patience, no problem. They could have a great consideration for trying to get at below market prices. If on the other hand you are buying a primary residence and need to move in, say, 30 days, forget it! You will want to drop them from all consideration.

HOW COME IT TAKES SO LONG?
The time constraints are due to the way banks are set up. Because they have numerous levels of management, they all have to sign off on the transaction (or asset managers overseeing the transaction are flooded with them). Expect a couple months before you here ANY response from them on an offer- in many cases 3+ months, though some have broken the 1/2 a year mark. Buyer's often think the Real Estate Agents are kidding when we say not to bother asking for updates for at least 2 months. But unfortunately it takes a long time!

Now that you likely want nothing to do with short sales, let me tell you about one very important and lucrative exception: approved short sale prices. Every so often a short sale will actually have a price that the bank has agreed to. This is usually because a prior offer was received, the bank's review process began, the buyer got tired of waiting for months, but the bank still determined a yes or no answer regarding that offer. Based on that output, the listing agent now has an actual number to list!

LOOK OUT FOR THE LANGUAGE
Watch that a listing does not just say "short sale approved" as listing agents get a little tricky with the language. That does not mean a price has been approved, that just means the bank is agreeable to a short sale. You want "Short sale approved at $ 300,000" or equivalent. Note that the closing may still be a little slower than usual even on these, but these properties are very worth considering.

In fact, it will be the rare exception that short sales are usually a waste of time. But if you want to pursue them, they can make for opportunities. Call me at: (305) 613-9902 if there is one you wish to place an offer on.

Please note: There are a fair number of buyers where time is NOT important, so short sales can be of interest to them. A couple thoughts on this: You are still dealing with the same banks that list foreclosed properties. They often price their foreclosures more aggressively (and sell fast) because at that point the clock is ticking. So you may be doing yourself a disservice tying up your time on a short sale.

LIST PRICE MEANS NOTHING!
Two, I have to emphasize the list price means nothing. Nothing! It was dreamed up by a listing agent trying to get interest in a listing! The agent could put most any figure he / she wanted! Because buyers still think along the conventional lines "Well if the list price is $ 275,000 they'll probably take $ 260,000 … make my offer $ 260k" that makes no sense at all on a short sale. The list price is irrelevant. Maybe you should be at $ 295k. Maybe the bank will say not a penny under $ 375k. It's anyone's guess, so do not just figure numbers using conventional logic!

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Source by Roberto Leon

What is Pre-Foreclosure?

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It's a sad fact, but many Americans lose their homes to foreclosure every year. Some lenders are not always diligent enough in checking a person's ability to make repayments, and others do not really care anyway. And of course there are situations where a change in circumstances happens, leading to the homeowners being unable to meet their mortgage obligations.

Whatever the cause of a person getting behind on their mortgage payments, the process from that point onwards is fairly set. Initially, the lender will file a public default notice. This initiates the foreclosure process, and at this point the property typically enters the pre-foreclosure stage.

So basically, pre-foreclosure is like a grace period. The homeowner is being warned that they're in default and need to do something about it, but at this point, the lender is unable to claim back the property and sell it to recoup their costs. The length of the grace period varies, as it's determined by state laws. Some states allow the grace period to last for as long as 6 months, but many states have shorter periods.

Once the property enters pre-foreclosure, there are a number of ways the homeowner can avoid having their property foreclosed on and sold by the lender.

Pay Off The Default

If the homeowner can find the money t pay off the default amount, then the property is removed from pre-foreclosure. If the amount in default is small, and the default was caused by a temporary glitch in circumstances, then it may be worthwhile taking out a personal loan to repay the debt. If the problem is ongoing, however, this may just cause more problems for the homeowner.

Sell ​​The House

This is a little more drastic, but is probably the best solution if meeting the repayments is likely to be an ongoing problem. By selling the house, the homeowner should be able to get a reasonable price for it. If the homeowner waits and lets the lender sell it, the sale price is almost certainly going to be much lower, because the lender just wants to offload the property as fast as possible.

This is often a good time for an investor to approach the homeowner with a fair offer to purchase the property. However, many people in pre-foreclosure go into denial, and instead of trying to make the best of a bad situation, will actually avoid taking action until it's too late. Many also do not understand the long-term detrimental effect a foreclosure listing will have on their credit score.

Nobody wants to face foreclosure on their home, but at least the pre-foreclosure period gives the homeowner the opportunity to find a solution that's a little more favorable for them. Waiting for the property to pass into foreclosure and be located by the lender is almost never the best option.

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Source by David Jacobsen

What Does a Lis Pendens Mean in the Foreclosure Legal Process?

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One of the legal terms that homeowners in foreclosure often come across is lis pendens . They may initially find out about the term when trying to refinance their house and the mortgage broker turns them down because of this type of document filed against the property. If a lis pendens has been filed, it will show up with the county recorder as a document affecting the title.

A lis pendens does not stop or prevent foreclosure at all, as it is strictly a document serving notice upon any other party that is researching the particular property affected by the document. In most cases of a homeowner behind on the mortgage payments, the lender's attorneys will file the initial foreclosure lawsuit with the court and a lis pendens will be sent to the county clerk or recorder's office to indicate that a particular property is in the process of a pending litigation.

The term lis pendens is Latin for "lawsuit pending," and the lawsuit that it is referring to is the legal process of foreclosure. If the lender was not suing for the property to be sold for payment of the defaulted mortgage loan, this document would never be filed in the first place, as no lawsuit would be pending.

In fact, a lis pendens specifically indicates that the property is facing foreclosure, and the document will show anyone, such as a title company or prospective foreclosure refinance lender, researching the real estate that it is involved in a lawsuit. So the lis pendens is meant to signify the foreclosure; it does nothing to prevent the foreclosure, but it does not itself affect the homeowners' ability to save their home.

The most commonly used legal mechanism that would stop foreclosure is filing bankruptcy with the court, and even this only puts the process on hold while the creditor and debtor are coming to an agreement to negotiate a settlement of the debt.

Homeowners may also wish to consider getting rid of the lis pendens affecting their home by mounting a defense against the lawsuit that has led to the foreclosure process. This is a direct defense of the litigation, though, not an extra legal process like bankruptcy that may be used to put the suit on hold.

If a lis pendens is filed with the county recorder against a piece of property, this indicates that the house is already in some stage of the foreclosure process. The homeowners are no longer in the preforeclosure stage, or purely behind in payments. At this point, foreclosure can not be preverted, as it is already being pursued by the lender and its attorneys – it must be stopped, and homeowners need to begin putting together a realistic plan and researching various ways to stop foreclosure, such as a mortgage modification, repayment plan, selling the house, or a foreclosure bailout loan.

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Source by Nick Heeringa

Staging Your Home Guide – Bathrooms!

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When staging your home, your small room may very well be your most important. You have certainly heard the statement "kitchens and baths sell homes." Sometimes a more accurate statement would be "horrible kitchens and baths prevent homes from selling." So, let's take a look at how to be sure you are not stopping a potential sale in it's tracks.

No matter what else you do, the following is a list of musts for every single bathroom when staging your home.

– Everything must be in good working order.
– It must be clean. Not just tidy, spotless.
– No one wants to see your personal items.
– No one wants to see your trash.
– Any mildew must be eliminated.
– Grout and caulking MUST be pristine. Replace them if they are no longer "cleanable".
– It must not smell. Not of body odors, and not of damp or mildew. You can not mask these odors, they must be eliminated.
– You are selling a vision – think spa, think new, think hotel room. Try to give the impression that the bathroom is not being used.

Staging Your Bathroom – The Big Picture

Like all the rooms in your home, when staging, you should be chasing for neutral colors. Repainting is always a good place to start, it is reliably easy and inexpensive. Contrary to popular belief, neutral does not mean white. Beiges, tans, greens, blues all have neutral shades and can add interest to a room that very often contains a lot of white to begin with. Stick with colors that compliment your tile.

This brings us to the topic of tile. If your tile is in bad repair, fix or replace it. If your tile is extremely dated, or taste specific – wherever possible – replace it. If you can not afford to replace it, try to tone it down by using all neutrals for your other decorative items, paint and linens. If it is really old, you may be able to sell it as retro. Walk carefully here, this is a tough one to sell if you are not very skilled at interior design.

Staging Your Bathroom – Porcelain Products

  1. As indicated in rule one above, all items must work perfectly. Hot water should be hot, and toilet should flush easily. If not, repair or replace them immediately.
  2. * Note: Even if one is required on occasion, DO NOT leave a plunger next to your toilet. Nothing says "I am flawed" more clearly than that!
  3. If your toilet / tub / sinks are dated, they will make the entire room feel old and grimi.
  4. White is neutral and desirable when it comes to these items. Avocado green toilets or tubs scream, "I have been here twenty years". You may not directly get the money back that you invest in these items. But, since it could prevent the sale of your home, the extra months' mortgage you will not pay as your home sets on the market will make it worth the investment.

Staging Your Bathroom – Finishes

When staging your home, what do we mean by the terms "finishes" you may ask. This term primarily refers to all the metal surfaces in your bathroom. This is perhaps the single easiest thing you can do to really make your bathroom look new and updated.

  1. The number one rule here is that no matter what the actual finish is all of the items MUST MATCH! So, pick one, and stick with it.
  2. The number two rule here – gold tone or brass is dated. I am not going to spare your feelings, even if you like and it is in good repair – if it is gold toned, do yourself a favor and change it all out!

When considering your room, look at the following:

  • Faucets
  • Shower head
  • Shower curtain rod or doors
  • Towel bars
  • Hooks
  • Toilet paper holder
  • Lighting
  • Knobs and handles

There are many finishes available, but the easiest and most modern choices are a standard chrome or a brushed nickel. If you pick chrome, remember it must sparkle to impress. Brushed nickel is easier to keep looking nice (it does not show fingerprints), and is popular with younger buyers. Both finishes are readily available at your local home improvement store, and are affordable.

If you have a more traditional or classic bathroom – dark bronze fixtures may be appropriate. Do be careful with this choice, however, as it can be more taste specific. Also, this finish also offers to be more expensive.

On a final note here, be sure that you are choosing matching shapes and styles. It will look odd if you have a traditional goose-neck style faucet, but extremely modern towel bars. Whenever possible, buy things in sets that match exactly.

Staging Your Bathroom – Linens

  1. You are probably best off using a set of linens solely for staging. You would be surprised at how often a potential buyer will touch your towels when in your bathroom, nothing is more than a turn off than feeling a damp towel!
  2. White matches almost any décor, and leaves no question as to its cleanliness.
  3. If you have space, a basket or stack of rolled towels offers a luxurious spa like feel.
  4. Consider having a small hand towel or a stack of simple paper guest towels placed next to the sink. This is easier to change out frequently, and remember, your potential buyer may actually use the facilities while touring your home.

Staging Your Bathroom – Personal Items

Since your desire to keep the bathroom looking spotless and pristine when staging your home, you also need to use it. So, how to deal with a used toothbrush, and your grubby bar of soap? Remember, your potential buyers WILL OPEN DRAWERS AND CABINETS, so you can not just throw everything in. Here is what you do:

  • Get a bin or basket, and place your daily necessities in it. Make room for it under the sink and pull it out when you need it, put it back when you are done. This includes things such as; toothbrush, mouth wash, face wash, etc.
  • If you have a medicine cabinet (yes, they will open this too), get rid of anything that is old and un-necessary. For the things you are using today, be sure they are clean – no toothpaste oozing everywhere, or leaking bottles. Turn prescription labels around so they do not face out. Be safe, and tuck away items that should not fall into other hands.
  • Put "embarrassing" necessary items, such as feminine hygiene products, into closed bins or baskets, and tuck them in a cabinet, or use a decorative box or basket and hide them in plain sight.
  • Empty your trash every single day.

In the end, staging your home must include your bathroom. When done properly, you will give the impression of a newer bathroom, with only cosmetic changes and good cleaning skills.

We wish you the best of luck staging your home!

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Source by Katherine Sears

Home Staging Tips – Using Furniture to Stage Homes

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Furniture seems to be the bane of existence for many people trying to unload their homes. How much do I need? Do I need it at all? If so, where do I get it? Do I have to buy it? The questions go on and on. It never fails – on each and every Wednesday morning tele-coaching call to my VIP students, someone asks me about furniture.

So today, I want to address the infatuation, or lack thereof with furniture in regards to staging. I rarely use furniture in staging, not because I do not like it, but I think more often than not, it is unnecessary. The reason that most staging companies use a lot of furniture is because they do not understand who their customer is and the difference between selling vs. decorating. Yes, I realize that comment may make some of you angry, but my job is to help you sell your properties and continuously learn about the real estate industry on the whole, so there you go. I can tell you that most stagings we do as well as nearly all of our Property Designers yield fantastic results with very little furniture.

Let's first discuss when you need to use furniture. Usually in very large rooms or very large homes, you will need some furniture. Or if you are trying to make an odd space work, you might also need to use furniture. Finally, furniture can also give people directions in the house. In other words, you can use furniture in such a way that it creates flow and helps to guide the potential buyer through the home in the way that you wish them to view it.

In large rooms or even in large homes, sometimes you will need furniture since you need to fill a larger space. What I see people try to get away with are really small accessories in a large room making the room look bigger which is not a bad thing, but the downside is that the staging items look puny-which is never good. In an over large living space, some good and easy furniture items are chaise lounges placed in the middle of a room at a diagonal on a rug with the appropriate décor or a couple of arm chairs with a great coffee table works too. The arm chairs and coffee table depend on the home, but of course, many variations of this will work. You can do anything from Wicker chairs and wicker trunk to leather arms chairs with a tufted oversized leather ottoman.

The other clever pieces of furniture that I like to use are sofa tables. These are great tables when you need a dining room table but do not want to bother with an intense dining room set. Basically, you can take this long sofa table, place it in the center of a rug that should be centered under the dining room light fixture, put a great table runner on it (this can be an easy Pocket of Emotion, by the way, so pay attention to your table runners) and then adorn it with multi-colored wine glasses, interesting place settings or a unique center piece.

You have an excellent opportunity to fill the space, add something unexpected, and not break your back or your budget by trying to move in a huge dining room set. Just a little tip-even a homemade table with a floor length table cloth will work and then just do the same thing we mentioned above.

The last few pieces of furniture that I do like are oversized bean bag chairs for kid's rooms as well as basements and small tables that have a multi purpose. They can be used to collect keys at a front door, for art or plants, or to hold a Pocket of Emotion. You can also use them to suggest a desk or a table in a breakfast nook, so I always keep an eye out for pieces like this.

Okay, so if you need furniture, where do you get it? Well, you can go to all the logical places, like your own home, good will, the discount stores and the rental stores. If you buy it, no problem, just make sure you know what to do with it when the house sells. If you rent it that is fine because usually they will absorb the liability if it is damaged or you will at least know the terms if it gets stolen or damaged, all of which is very unlicly.

The third option you have is to negotiate a deal with a furniture or décor store. You will use their item at no charge but they get to advertise at no charge. It is a win win situation except for pick up and returns-and damages. These things can put you in a tough spot so make sure you go into this arrangement with your eyes wide open.

And of course, many of you already know my trick to create instant beds with blow up mattresses, milk crates and plenty of comforters. You will also need a roll of duct tape to shorten the length of the bed skirt, from the center. Make sure you have a full sheet set, at least 3 decorative pillows and at least 4 regular pillows. You will also need 2 sponsors or duvets and inserts to give it a rich and lush appearance.

So, as you can see, furniture is not hard to come by, but generally speaking you do not need it or do not need a great deal. There are always exceptions to the rule and for those, I recommend that you give us a call.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
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Source by Karen S Schaefer

2 Ways to Sell Your Home

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A lot of people think that the world of real estate is a whirlpool that can pull you down and landing with a good deal is very unlikely to happen. This may be true in some sense, due to the fact that the economy is in a little bit of trouble. But as much as there are people who are having a hard time with money, there are also a lot of people trying to find a home suitable for them.

There are several reasons behind purchasing a new home and these reasons can either be due to a new job, starting a family, or maybe just simply wanting a new home. The reasons are infinite therefore there is still a greater chance for you to be able to sell off your home. So if you would still want to sell of your home, here are the possible ways for you to be able to do so:

Through FSBO (for sale by owner) deals:

Recently, FSBO method of selling a home has gained momentum and has taken a hold of the real estate market. This method involves no more than the home owner personally handling all the dealing with regards to the home he / she would want to sell off. As a result, the home owner will be able to save a lot of money as well as be able to personally make sure that transactions are done well. You can start off with this method by preparing your own home for potential clients, that includes making sure that the home is free from negative aspects that might end your deal.

Once your home is ready, you can now have an appraiser see to it how much your home is worth and in this case he / she will be able to help you out in finding a fair deal price for your home. To move forward, you need to advertise your home on the different FSBO listings Canada, this way you are able to place your home on the market of real estate's for sale and increase the likelihood of having your home sold faster. All the above steps are important, but negotiation is the key to every successful deal. Although you may have hundreds of prospective clients, still everything will boil down to you having a successful negotiation. Be very keen in this part and learn to separate your emotions whenever you are making a deal.

All the steps involved when it comes to for sale by owner homes are critical and tasking; as a result people tend to lean more to things that do not require as much hands-on activities. And the only way to still be able to win a deal without lifting a finger is only by hiring a realtor or an agent to do the dealings as well as almost everything for you. All these may seem to be pleasing to the ear, and for sure you would want to find out how you can grab a deal with a realtor without breaking the budget, read on to find out.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Laurel R. Lindsay