Posted by admin under: Online Auction
Jan 28
One of the best ways to find real estate is with an online auction. Many sites like government auctions sites or a commercial service such as eBay offer property or land at a low and affordable cost.While purchasing real estate sales from online auctions is great because you can bid on properties from around the country in the comfort of your own home, it is essential that you be careful of your personal assets and finances in making sure the land you're purchasing is legitimate and available.Government auctions are usually an ongoing event somewhere or sometime around the country. These auctions allow you to buy land, property or other items in the county of your choice at an affordable cost, far below the actual value of the land.Property for sale in a real estate auction can range from an old farm to newer homes that have been taken over by
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Posted by admin under: Online Auction
Jan 28
"Do online real estate auctions really work?" is a common question from sellers who are new to using online auctions to market a property. The answer: Yes, they do work! If they didn't work, we would be seeing a decline in online real estate auctions and instead we are seeing an increase.Prior to the popularity of the Internet, only live auctions were available. A live auction is successful in drawing attention, but they require coordination, advertising and auctioneer fees. It's not uncommon for a seller to pay thousands of dollars upfront and it doesn't guarantee a property will sell. Live auctions are still successful today and there will always be a place for them.Today, the Internet is changing the real estate auction industry. An online auction can be just as successful in drawing attention and doesn't require as much cost upfront. The success will still be related to how well
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Posted by admin under: Property Brokers
Jan 27
After owning your commercial property for several years, it's time for you to sell the property. There are a few things you should know and consider before listing your property.What Commission You Should Pay?It's often a percentage, typically from 3 to 6% of the list price. The commission is negotiable and dependent on various factors Price: in general the higher the price, e.g. $10M, the lower the percentage. How difficult it is to sell it. For example to sell a vacant building in a declining area, you should pay a higher commission. As a seller, it is tempted to think your net proceed is more if you pay low commission. However, when you take away the commission, you take away a very strong and perhaps the only incentive from people who make a living selling your property to their investors. They may choose to sell other properties instead. Less competition
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Posted by admin under: Buy Property
Jan 27
Are you considering the option of buying to rent? The purchase of an investment property can be a risky exercise, but with a few pointers, you should soon be on your way to purchasing a profitable property. Here are 9 areas that you need to consider:1. Location If you are looking to make a healthy profit from a rental property, the most important consideration is the location. Perform research to find out where rental housing is in demand, for example; higher populated areas that are close to schools and local amenities. Don't consider buying a rental property in an undesirable area just because of the low purchase price.2. Rental history If possible, ask for a rental history of a property before you consider buying it. This allows you to find out how much rent the previous landlord(s) charged (i.e. how much you can charge), how often the property was
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