I’ll pay your Surrey price if you accept my terms!

Oh yes, this approach is well known to savvy real estate agents and insider investors. It means they’re saying there’s more ways to get the job done. Say your selling your rental property to an investor. His agent says that he’ll pay your asking price of 300,000 if you accept the terms. One of the terms being that completion dates are set for 8 months later. This enables him to purchase something today with today’s prices and buy 8 months from now when real estate goes up in value. He will gain equity right from the get go and will have a very easy time getting a prime interest rate. What is the benefit to the seller The seller sees no benefit from it. In fact it is a liability because there is no mortgage geared towards the new buyer, and all insurance is applicable to yourself. Unless the buyer is offering a monthly installment of cash to keep the deal alive, there is simply no benefit to the seller.

Many sellers avoid being around the property when it is being sold to buyers. Often times when the buyer and seller do end up together during a property showing, sparks can fly and people will get aggressive. People could loose control when there is simple bartering between them. Before you know it the buyer is crossing his arm’s, a nasty face is made and words pass between them. Sometimes the seller is insulted. Sometimes the buyer will start talking harshly in a different language. This can often times make the seller fell uncomfortable. Agents learn how to deal with buyers nasty comments and nasty looks. A good agent will ask the buyer, what color would you install if this was your home And so on.

Nitpickers that pick apart the property with every little flaw are often interested buyers attempting to appear disinterested. Watch for one or two of these signals and remember that it is often a sign of interest. Same with when the buyer is asking structural questions. There’s no reason to get into these technical questions if the buyer is not interested in the unit. Also when buyers are asking for hidden gems like, is there hardwood floors under this carpet They’re really asking for a little spice extra to push them into buying the home.

Leasing a Langley property, City Code

Most cities in Canada have a department dedicated to ensuring that the city makes sure all the codes and bi laws are informed for each individual commercial, residential and industrial property. In most cases, you can call these departments and check the property you are about to lease. These bi law officers will notify you if the department believes the property is in violation of something. This is why it’s best to find out the address and do your homework prior to viewing the unit. Be sure to give your bi law officer or city hall representative lots of time to check the situation out and do not be in a rush. If there hasn’t been an inspection in quite some time you can request that the city do an inspection on the property. Remember that even if the city representative doesn’t find a violation, that doesn’t mean that there is one. The inspection will vary in intensity and can be quick or take several hours. Inspections vary on a scale from parking violations to building codes. Any violation, no matter how small, can keep the city from issuing an occupational lease, which means, if you have already started your lease, you may be off the hook for rent. Possible code violations are fire codes, health department codes, Ownership title claims, lease rules and regulations, and any other provincial and municipal bi laws.

In some lease situations it is important to have a photo documentation of the conditions before the lease existed. Why so Because disputes arising due to damages or lost items in a lease, furnished or not, could be attributed to you. This includes acts of vandal, burglar or guests. Why not have the photographic evidence that reflects the property. The best way to do this is to take photo’s of the property and burn them onto a cd. If the landlord or property owner attempts to charge you for a unnecessary bill, review your cd and then burn him a copy.

Garbage collection is one question that you should always have a clear answer about. How When and where! A good lease for an apartment building will allow for you to move extraordinary amounts of garbage and trash that accumulates during the moving in and moving out process. Most leases should allow for the landlord to have the garage removed with no cost to the tenant.

These are three things to keep in mind when renting your next apartment building.

Increase the Value of Your House with Very Little Money

So you want to get your home ready to sell, but do not have much money to spend. Most people are in your shoes. They want to sell their home, but they really don’t want to put a lot of money into a place that they are not going to be in much longer. Here are some great inexpensive ways to get your home ready to sell and make people want to purchase it.
First and foremost is the curb appeal of your home. Go outside and take a look at your house. Don’t just glance at it, I mean really take a long hard look at your house. Think of yourself as the buyer. What do you see Is there trash and clutter all over the yard What does the landscaping look like How about the look of the house does it look old and worn These are all things to consider. One of the things you should make sure that you do is clean up your yard. Not only by de cluttering and getting rid of trash, but also by cleaning up the landscaping (trimming bushes and trees, weeding and even adding some flowers if the season permits). Make sure not to neglect the siding of your house either. There is nothing like a good power washing to make your house look newer.
The next thing to consider is what you see when you first enter into your home. First impressions are the ones that sell, sell, sell. Make sure to eliminate all the clutter and personal items in your home. You want to stage your home to sell and make a potential buyer see themselves in your home. So get organized and start cleaning out before you put your home on the market.
Think about doing a complete spring cleaning on your home to prepare it to sell. Give the walls a fresh coat of neutral paint. Replace old blinds or curtains. This will make a great impression on the new potential owners. Make sure to clean windows so that you can see out of them. An inexpensive way to spruce up the floors is by renting a carpet shampooer and cleaning the carpets yourself. You should also consider the floor in each room. Most home buyers today are very interested in hardwood flooring. If your home is carpeted, check to see what you have underneath. If you are an avid do-it-yourselfer, consider putting in your own hardwood or laminate flooring. This will only take a weekend and the returns are wonderful.
Another way to update your home to get it ready to sell is to check on lighting. Make sure that all light fixtures are in working order. Make sure that each room has adequate lighting supply for staging to show off each room adequately. You might even want to consider changing the wattage of your existing light bulbs to add brightness to your house. You may consider even updating light fixtures, especially bathrooms and outdated chandeliers. Make sure to turn on the lights in the house before you have any potential clients coming to look, especially if it is a cloudy, darker day. This will make the house look brighter.
The biggest things you can do to prepare you home for selling is updating the kitchen and bathrooms. This does not have to be elaborate. If your cabinets are old and outdated, consider refinishing the cabinets. It is amazing what a coat of paint will do on cabinets to update the look of any kitchen or bathroom. People like the look of open, light and airy spaces and by painting dark cabinets and updating the hardware, you will be able to achieve this look.
One final thought when trying to sell your home. You need to remember that people are sensory. Make your house feel warm and inviting by placing fresh flowers around the house. Bake some cookies, not only will they make people think of you house as homey and provoke warm, homey thoughts, but you can leave them out for them to munch on while they look at your home. If you don’t have time to bake cookies, consider using candles that have the scent of home baked goods. There are a lot of them out there.
Following these ideas, you will have a much better chance of selling your home and it will not break your bank to bring home multiple offers and higher bids for your home.

Getting Started In Real Estate Investment

Historically, owning real estate has always walked hand-in-hand with being wealthy. While some buy their own homes with visions of a more secure retirement, others want to go further. The popularity of real estate investment is heralded by the popularity of such courses and Carlton Sheets’ No Money Down system and other similar realty investment studies.

No matter which guru you choose to follow, you’ll need properties to consider, analyze and buy at a price you can improve on when you sell. I’ve know a few people who bought the course, then didn’t really have the guts to try it out. The fear of buying a property that wouldn’t sell at a profit was too great.

If cost is a concern to you, and you don’t have a lot of capital to start out with, you’ll want to look at older, fix-it-up properties. This is especially right for the do-it-yourselfer who loves to rebuild, improve and decorate. The right property can be bought inexpensively, fixed up by yourself or for a reasonable cost, then sold at a great profit.

Another way to start out inexpensively is to look at repossessed properties. Repossession of real estate can happen in a variety of ways. The most common is default of mortgage. Lenders who are not getting their monthly payments have the right to take over the property, which is almost always the collateral for the loan. However, these lenders, mostly banks and other consumer financial institutions are not set up to manage and maintain the properties they repossess. It is in their best interest to rid themselves of the real estate so as to recover as much of the debt as they can before they spend even more in repairs, maintenance and selling costs. They also know that the longer a building sits empty, the less they’ll eventually get for it.

Much of the time these properties are sold at public auctions. This is a good way for the repossessor to offload the unwanted property quickly. Check out the public auctions in your area. You’ll also want to talk directly to the banks near you. Auctions are held only so often. Until the next one, the lender must keep the property in good selling condition or lose more on the sale. Therefore, they might be willing to sell it directly to you at a price dramatically below market value. You can then turn around and sell it at market value and keep the profit!

Other repossessions occur for non-payment of taxes by the government. These and other government seizures of real and other property are also sold at government-sponsored public auctions. This is another great place to find your first inexpensive real estate investment.

Repossessed real estate comes in all forms – homes, apartment buildings, office buildings, factories, and in all conditions. Some need fixing up, in which case real deals can be had! Some are as good as new and ready to be moved into or re-sold. Figure out what type you want to deal in, then start shopping around. You’ll be amazed at the wonderful deals to be had!

Coquitlam – Home Selling Tips

It’s essential to make your Coquitlam property as attractive in appearance as possible. This insures that you get top dollar. Most Realtors will give sellers a package that includes tips on improvements to assist in selling a property. Both inside and outside the home will encourage positive feelings from your potential buyers. So ask yourself, “what do you perceive a potential buyers first impression would be of your home, inside and out”. If you feel you cannot be objective, get a second opinion. Have a relative or friend look at your home with a critical eye and ask him or her to tell you all the negative and positive angles. In Vancouver, Richmond, Burnaby, Surrey, Coquitlam, New West, Maple Ridge and Abbotsford remember to give yourself plenty of time to remove items before putting your home up for sale. Many people are pack rats and have difficulty in letting go of possessions they’ve accumulated over time. Basic human behavior suggests that being around failure items, no matter how unattractive, hunky or impractical is a common trait. Ask yourself about each item if your are having difficulty about deciding to keep it or not.

Keep the windows sparkling clean, inside and outside. Clean all mirrors and have drapes, carpets and rugs cleaned and vacuumed. If the carpet it worn, replace it! Your home will likely sell faster, although you may not recover your full cost. Keep front and back entrances clear, clean and welcoming. You may be accustomed to a broken window catch or a dripping tap, maybe even a squeaky door. Potential buyers will notice and this will cause a negative impression! Keep the noise to a minimum and let buyers and the real estate agent examine the home without any distraction. Keep your music quiet and in the background. Many people do not smoke or are allergic to it. Therefore, you must either shampoo the carpets or cover up the smell by applying large amounts of air freshener.

Maintain your landscaping and keep your lawn, shrubs, hedges and garden tidy and trimmed. Grass grows quickly in the Fraser Valley! Consider buying a door matt. Having junk outside creates a “junkyard” image, such as old tires, cars, or broken fixtures or appliances. Arrange and organize items neatly outside (firewood, outdoor furniture and play equipment.) Consider doing a quick paint job on the house. Also, check the front door to make sure it is attractive to the buyer. Otherwise, consider replacing it! Getting new brass numbers or repainting the old numbers adds a splash of life to your re-sale home.

This may be a critical article in obtaining an optimal sale price in your Greater Vancouver or Fraser Valley area. Keep in mind that when selling your home in; Vancouver, Richmond, Burnaby, Surrey, Coquitlam, New West, Maple Ridge and Abbotsford remember to give yourself plenty of time to get the job done.