Thursday, November 27, 2008

Real estate Buying and selling

Home Buying and Selling-Do you Need a Buyer's Agent and a Selling Agent?


by Nancy Niblett



Some people will tell you that when it comes time to sell your home and buy a new one that you should hire a Selling or Listing Agent and a separate buyer's agent because one specializes in selling a home and one specialist and buying homes. That may have been true years ago but in today's buying and selling real estate market there is so much more to consider when picking your listing and buying agents. First and foremost make sure you have a fully licensed Realtor that has experience. It is difficult enough in this market to trust your biggest asset to just anyone.While selling your home is very important and a listing agent should know how to best sell your home by pricing correctly, tips on staging and decorating as well as marketing and making your home look as desirable as possible on the multiple listing system as well as to potential buyers on the internet and print marketing. Keep in mind that they can advise you what is best but you ultimately set the list price. Setting the price too high in today's market will be detrimental in so many ways. You are competing with bank owned homes, short sales and desperate sellers. If you are not getting traffic the very first thing is to look at the price. While having an agent that knows how to list your homes but that is what they "specialize" in and do not represent buyers themselves may sound like the ultimate person to have but think about this: If the listing agent is not out there with buyers, seeing other homes in this marketplace and staying on top of what buyers want and see then are they really the one you want listing your home? Sure, any realtor can take great photos, give decorating tips and should be proficient in pricing and marketing but then what?
Your next step may be to buy a home when yours sells; does that mean you use a different agent? Well, if a "listing" specialist is just that, then may you do? A full service agent is one that would be proficient not only on listing your home but assisting in finding the right home as well because when they buyer and their agent comes along to buy your home, I would hope your listing agent knows buying strategies that they buyers agent would already know. Staying on top of both buying and selling is a more "full service" type of representative. Beside the fact that they know both ends of the deal, you are likely to get a discount on selling your homes if you conduct two transactions with them.
I have heard that some people use a buyer's agent to buy and a listing agent to sell. To me that sounds like a little bit of a cop out, we all know that any agent should know how to do both. A buyer's agent is likely a more inexperienced agent working for the much too busy listing agent that has no time to take personal care of their own clients. I would expect my agent to not only know what is going on with the selling of my property but to stay on top of my needs as a buyer as well. Find yourself a well experienced agent that handles all of your needs well.
If you are looking for a nice Arizona home, check out homes for sale in Power Ranch. You may also want to look at homes for sale in Seville, both of these communities are in Gilbert, AZ.

Wednesday, November 26, 2008

Nevada Real Estate property

Buying a Nevada Real Estate property
by Elton Jenkins

Most of the advisers in the field of real estate state that keeping a property for a minimum of five years is the key to profits. However, while it stands true in some cases, in depleting markets, it cannot be the prevailing case. Depending on the market conditions, one can decide whether the timing is right for investment or not. As a rule, time your investment and selling such that you do not buy high while selling for low. If you see that the market conditions of your place are relaxing, you relax too. Do not be in a hurry to sell your property. Let the markets rise before selling your property. Next, keep an update on the market conditions. If the market is seen to be at its peak, wait till the market relaxes before making an investment. Are you interested in buying a home? Consider Nevada for the purpose. If you buy condos or a house in Henderson, Las Vegas, NV; it will be a good decision for sure. These places have got luxury homes, condos those are also close to schools and hospitals. The fact is, for most investors, investing at the right time is the key to making money or recovering costs from an investment. While most seasoned investors are well aware and informed about the market conditions, how can a new or first time investor or buyer realize if the timing is right for the investment?
Do calculate your gain before you decide to sell. Make use of the down payment value, the total property value, your income bracket, interest rate and current market appreciation rates to find out if you have earned ample profits. On an average, it is seen that more equity can be recovered the longer you keep a property.
For all those who are not too high on the financial cushion, considering a few personal questions is greatly required. Most commonly, people lose out on their property to foreclosure due to loss of job, divorce or bad health.
In order to not all into the same category, ask yourself a few questions. See if you will be shifting from a place in less than five years; or getting married; or having kids; or switching your job; or have a bad credit score or have filed for bankruptcy recently. If any of these questions have an affirmative answer, hold still. This is not the right time for you to invest. Let the conditions get more stable, with job and relationship security and such before you jump onto any further expenses of buying a property.
Another factor to consider is your credit score. You need to identify which situation you would better go for - high interest rate and cheaper property or lower interest rate and costlier property. All those with bad credit score will be maintaining the former situation. In case you want to shift to the latter one, wait for about a year and work towards improving your credit score. Better credit score means lower interest rates. Hence, you can easily gain from the low interest rate situation, while paying for a slightly costlier property. Work the financial details out with a financial expert before deciding on any one issue.