You might be wondering “How much is my house worth?”  This question can be answered in two ways. Initially if you are planning to live in the present home where you are then it is worth what you think it is. But in case you want to sell or let it for rent it then the worth is irrelevant.

Understand the market value

The market value is the only relevant source that helps in obtaining the solution for your question -How much is my house worth that you may want to sell. This value is calculated by the home buyers in that particular area or location where your house is located. The market value does not consider the amount that you had spent on renovation or the original amount which you had paid while purchasing. You might have added special features such as a lawn or garden or pool. But still in the case of real estate transactions everything depends on the value that the market is estimating as its worth.

Compare and calculate

How much is my house worth is a real daunting search question which can be solved only by using comparables which is the best option for estimating the market value of your home. The appraisers usually calculate the value estimated for a period of six months. Initially search for any homes that have been sold in your location and within six months to twelve months. It would be a perfect choice if you had got the details regarding at least three homes. There is multiple listing services provided by the Findaproperty .com web site or by the county record might hold the detailed information regarding the recent sales. From these collections you can get the description of the property, terms of scale and much more valuable information. The figures that you get from this information give you a clear idea about the real worth of your home. You can calculate the average value of the home by calculating with the highest to lowest of the price at which the property has been sold.

Perform a search with the Findaproperty .com

This site will provide you valuable information about the tax assessed value and the sales price expected for a home in a particular area with specified amenities. These finance tables would be a perfect choice for estimating the price range of your home and its real worth as well.

The tax value shows the real value of your home

Buying Greenville SC Real Estate Foreclosures, REOs, and Bank Owned Properties, Listings, and Homes for Sale

Normally before a Greenville South Carolina foreclosure is listed on the market, it first goes to the auction on the courthouse steps. In the past, the banks could almost always unload any of these foreclosed properties at the courthouse auction because the bank only needed to recover the outstanding balance on the mortgage.  

Although today’s foreclosure buyers can still purchase some of these homes below market value, however, the bad loans that were made in the past years have made it difficult for most of these homes to sell at the auction. In most cases the homeowner owes more on the property than it is worth, and the bank needs to recover as much or more than the market value of the property, which means that majority of these homes will not sell at the auction.

When a property does not sell at the auction, it is said to become an REO (Real Estate Owned) status by the bank. At this point, the bank would evict the homeowners, get a BPO (Broker Price Opinion), and list the property with a real estate agent. Some of these foreclosure properties are in good condition, and sometimes some lenders would make some updates like, new carpets, paint, sometimes replace appliances, and then try to sell it at market value. But, in majority of the cases, these homes are sold as-is, and they are usually in need of repairs and/or updates.

Greenville SC foreclosed properties that are in good condition and are priced right usually sell quickly, and some of them actually receive multiple offers. The ones that don’t sell fast just sit vacant. Since the bank has no hope of getting any mortgage payments, the longer it sits, the more motivated the bank gets.

If you are interested in purchasing a foreclosure, REO or short sale property in Greenville County, and are considering the value, you need to look closely at comparable sales in the neighborhood and be sure to take into account the time and cost of any repairs or remodeling needed to prepare the house for resale. Victor Amadi can help you with all the necessary homework before you proceed with an offer.

Feel free to contact me for help buying an Upstate foreclosed property, or to get a free list of foreclosed homes in your price range.

Victor Amadi – Your Simpsonville and Greater Greenville SC Real Estate Resource

As your Simpsonville SC and Greater Greenville residential Realtor, I am committed to staying up to date with local information, education, and technology. My intention is to be an invaluable real estate resource. So, whether you are buying or selling real estate in Simpsonville SC, Greenville SC, Greer SC, Easley SC, Mauldin SC, Fountain Inn SC, Pickens, Powdersville, Taylors, or other Upstate SC areas, I have the tools, knowledge, experience, and resources necessary to make your experience an enjoyable and successful one. I can also help you avoid foreclosure, find Foreclosures and Short sale Properties, listings and Homes for Sale. Call me at 864-525-0201 so we can discuss how I can help make your next real estate transaction a success. 

95291 Starkweather Road | Gold Beach Real Estate


Image by Gold Beach Real Estate
WOW owner says sell now! Just reduced 0,000.00 Architecturally Exquisite with exceptional coastal views. Oak floors, towering windows, 9 ft ceilings, INDOOR regulation Raquetball Court, 35 ft. Lap Pool & Sauna. Epicurean kitchen: stainless appliances, granite counters, cook island. Deluxe master suite w/companion shower & private sunning deck. Executive office. IMMACULATE.

In some areas real estate is in demand, in other areas this is not the case. The key to selling real estate is buying that real estate in a desirable location or one that will become desirable soon. If the location of a property is not desirable, selling it becomes virtually impossible! It is not only important to make sure that the property is in a good location, but it is vital to ensure that it is in the most desirable location for the type of property that it is.

For example, if you are looking to buy a home for resale, you are not going to want to look at a house next to bar where music is playing all night long and drunks and roaming the streets. If it is commercial real estate that you are interested in, and you are looking to buy a business that thrives on retail, you are not going to look for a building that is placed in the middle of nowhere with little traffic flow. As an owner looking to put a property up for resale, you want to make sure that you can get the most profit out of the property. A good way to do this is to ensure that the area is as advantageous as possible to the buyer.

If you are selling commercially, a potential buyer will spend more money on your property if they know they can make money from the location that it is in. A family looking to buy a home from you will spend more if they can feel safe and secure in the environment surrounding them.

When looking to invest in a home to sell to potential buyers, location is key. Most people are not going to enthusiastic about buying a home that is not in a desirable neighborhood. When investing in the home it is important to envision a whole pool of different buyers, imagining the key components varying individuals would look for when purchasing a home.

Here are a few things that are very important to individuals when they are looking to buy a home:

Security: People want to feel secure in their homes. Purchasing a home in a neighborhood with security problems and a high crime rate are going to make that home very difficult to sell. People rely on having good surroundings, which include having neighbors that they can trust around them.

Cities with a stable economy: Buying a house in an area with a stable economy can ensure that you will have better luck when it comes time to re-sell the property. Large cities have plenty of job opportunities and potential for growth, which makes it a good economy to sell in.

Suitable to raising a family: A house that is close to a shopping center or a city, gives it a great amount of appeal. A couple with children does not want to have to drive 30 minutes out of their way to get groceries, or school supplies. Also, being close to a good school district is also something to look for when investing in a property for resale. A home with a poor school system instantly looses its appeal to a whole group of potential homebuyers who may be looking to settle down and raise a family.

Similarly, when looking to invest in a commercial property it is important to consider the location of the property, as it can make or break the success of the business. When buying a commercial property it is important to ask yourself these questions:

What kinds of competition can be found in the nearby area, and what kinds of products are they selling? It is imperative to know if the product that you plan to sell can compete with the products that are already being sold in that area. Is the street that the business is on easily accessible? Can people get in and out? Is their suitable parking for the clientele?

What is the daily traffic flow in the area? Is the area well known, or in the middle of nowhere? It is important to know if many people visit the area. If people cannot easily locate the business than it is not going to get customers, and we all know that a business needs customers to service.

When buying a property, people know what they are looking for. They want to get the most possible out of the place that they are buying, for the smallest amount of money. They are picky, and because of this buyers have to be very specific about the properties they chose to invest in. A home or business can look nice, but if it is not in the right location, it is NOT going to sell. Never forget the age-old saying Location, Location, Location is key to becoming successful in real estate always!!!

www.ChadiBazzi.com In this video Chadi Bazzi a Tom Ferry coach will teach you the basics of selling. Anyone, anywhere, can learn these skills and those who do learn them and apply them experience easy sales … Selling is fun when you know how to sell. Selling is not selling when you are presenting to a motivated buyer, so how do you find those motivated buyers, well, you become a great sales person first and all of sudden, just like magic, they begin to appear.

95291 Starkweather Road | Gold Beach Real Estate


Image by Gold Beach Real Estate
WOW owner says sell now! Just reduced 0,000.00 Architecturally Exquisite with exceptional coastal views. Oak floors, towering windows, 9 ft ceilings, INDOOR regulation Raquetball Court, 35 ft. Lap Pool & Sauna. Epicurean kitchen: stainless appliances, granite counters, cook island. Deluxe master suite w/companion shower & private sunning deck. Executive office. IMMACULATE.

One of the widely selected businesses in the passive income group is real estate. Why real estate? Because people perceive this business as almost sure profit business. Majority of families dream of owning a house. This makes the real estate market a huge market. It is also a general perception that a house is an asset. It is usually the biggest single investment for an average income family.

The perception that it is a sure profit business is not always true in reality although the chances of making a profit against losing money is higher. There are times real estate properties are sold at a loss; not to mention those properties that have been mortgaged to banks or financing companies when the appraised or loaned money in exchange for the house is always lower than prevailing or actual price, should the house be foreclosed for non-payment of loans.

The perception that a house is always an asset is also not correct; it can (in many instances) be a liability. If you own a house or intend to have one, consider the following factors to determine if it is an asset or a liability:

Property tax (which is an expense).

Mortgage payment to the bank or loan company (consider the interest charge which is also an expense.

If you are having the house rented to a tenant, is the rental enough to cover above-mentioned expenses?

Other incidental expenses (including maintenance).

Offset the expenses against the income you will generate from the house and you will know if it is an asset or liability. If you are using the house for yourself, compare these expenses to the rent you would pay your landlord. Assuming you are confident that the house won’t be foreclosed in the event of non-payment of loans, you have to consider the value of the house against the total money you will invest on it once it has been fully paid for. That way, you will know if the house you bought is too expensive or not, and if you are going to make money out of it once you sell it.

The mortgage payment you make to the bank may leave you without any savings, and you will miss out on other opportunities to make money because of your obligation on the house.

What you just read are eye openers or wake up calls just in case they haven’t occurred to you. They are not meant to be recommendations. It is a case-to-case basis depending on the situation. Still, the decision is yours.

When it comes to the value of the real estate property you own or want to buy, some of the determinants that can make it more valuable or less valuable are:

Location.
Accessibility to transportation, schools, stores, church, and service-oriented establishments.
Security of surroundings.
Environmental condition like elevation (susceptibility to flooding), road condition.
Sanitation or cleanliness of surroundings (is it near a dumpsite?)
Weather condition; in temperate climates, a corner lot is more expensive but a corner lot in snowy areas is cheaper due to more work involved in shoveling snow.

If you are looking for a house to buy, you can make an offer as low as half the asking price if you feel it is too high. Do not think that a much lower offer would offend the seller. It is part of business. If consumer items on sale can go as low as half the regular price, a house can also be priced in the same manner.

If you offer to buy a house and the seller accepts but you are still having second thoughts if you want to buy or not, you can come up with conditions like: “subject to approval of partner,” wherein your partner could be your wife or business associate or a friend.

Should you be in the business of buying or selling real estate, a good practice would be to find buyers first before closing a deal with sellers even if you have found the seller first. With this kind of set up, your profit is realized the moment you buy the house, not after you sell it.

In the business of owning real estate properties intended for rental to tenants, hire a property manager or supervisor. A good manager when you pay him/her well is an asset for your business. He/she will reciprocate what you pay with dedicated service and valuable information which you can use for your other real estate businesses. It also allows you more time and attention to other moneymaking ventures which makes your work a lot easier.

Information about bargains on real estate can be available in law offices and in foreclosed departments of banks and loan companies. Court houses handling civil suits regarding land disputes are also sources of information. It is most likely that properties for sale are handled through bidding.

You can also buy a big piece of land and sub-divide it into small ones before putting it up for sale, similar to sub-division developers but in a small way. This is one way to increase the value of the house you sell, thereby increasing your profit margin. Or you can do it the other way around – by buying small lands linked to each other; consolidate it into one big piece, and sell it to a ready buyer.

Another possible source of real estate business is memorial lots. Some rich people invest their money into buying many pieces of these lots and wait for prospective buyers. Your marketing arm can be the sales people of the very company where you bought the lots from. They just draw commissions from you every time a transaction they recommend materializes.

The options on real estate are various and numerous. Your creative juices can be put to good use in this line of business.

Buying and selling a home isn’t a simple process especially if you consider the following details: Do you have access to every home for sale in the neighbourhoods you’re interested in? Do you have the time, energy and resources to research the real estate market in your area? Do you understand the true value of your property, and can you market your home for sale effectively? Do you understand the terms of a real estate contract, and know of your legal obligations to the buying party?

The truth is, buying and selling real estate can be very complicated, and it’s also one of the biggest financial decisions most people will ever make. With so many things to consider, working with a professional real estate agent or realtor can help locate the right property at the right price, or negotiate the best deal possible on your future home. But how do you go about choosing the right real estate agent? Here are a few helpful tips:

You should start by interviewing real estate agents from multiple agencies. Good agents have many qualifications and a number of years of experience. Have there been any complaints filed with the City Board of Realtors? Lastly, do you feel comfortable talking and interacting with your agent? Having a good personality fit will ensure your real estate agent is patient, and understanding of what you’re seeking in your future home.

Does your real estate agent know your neighbourhood of choice inside out? They should be aware of the housing prices in the areas you are aiming to buy or sell a home. An experienced and competent agent will know the housing market well enough to set an optimum price that is attractive for both the buying and selling parties.

Real estate agents have access to a powerful tool –the Multiple Listing Service (M.L.S.) that has listings for all available properties by region. A skilled agent will use the M.L.S., in addition to their own experience, to locate homes in neighbourhoods matching your property wish list — such as a the number of floors, access to transit, how new the property is, and close access to highways.

Will you be receiving good customer service? Since a real estate agent is your trusted business partner in a huge financial move, you’ll definitely want to choose an agent who is always ready, willing and available to show you properties, make recommendations, and be flexible as per your schedule. Be sure that communication stays open throughout your engagement and those phone calls and emails are returned. Top agents often employ assistants to handle much of their legwork. If this is the case, be certain your agent is the one present and accounted for when it comes time to check the contracts and close the transaction.

Always read through the real estate contracts to understand what you’re signing. This will protect your own interests.

More Selling Real Estate Articles

95291 Starkweather Road | Gold Beach Real Estate


Image by Gold Beach Real Estate
WOW owner says sell now! Just reduced 0,000.00 Architecturally Exquisite with exceptional coastal views. Oak floors, towering windows, 9 ft ceilings, INDOOR regulation Raquetball Court, 35 ft. Lap Pool & Sauna. Epicurean kitchen: stainless appliances, granite counters, cook island. Deluxe master suite w/companion shower & private sunning deck. Executive office. IMMACULATE.

When you hear the word “flipping,” what is the first thing that comes to your mind? Does it have something to do with coins and making a decision? Or does it invoke the image of person going crazy? Whatever your impression on the term “flipping” is, for real estate investors, it simply means the opportunity to make huge money.

In real estate, flipping homes is simply defined as the buying and selling of properties for profit. Over the years, many real estate investors have made a fortune by buying and selling houses. And no matter what the current economic condition is, these entrepreneurs are still generating huge profits by flipping real estate.

So what makes flipping homes a very interesting way to make money in real estate?

Flipping real estate allows you to make a quick buck at it promotes a fast business scheme. In this method of investing in real estate, real estate entrepreneurs are required to sell the properties that they bought as quickly as possible to prevent paying  higher holding costs. If done correctly, an investor can buy and sell a house “as is” within a week. As long as he has a strong buyer’s and seller’s list, making a quick income is just a piece of cake.

If you’re a health buff but can’t find the time to go the gym because of your busy schedule, you can get a free workout by rehabbing or fixing and flipping homes. Doing the demolition job gives you the chance to tone your muscles because removing the old carpet, hauling the trash, and tearing down broken walls and floorboards are like spending a day at the gym.

Flipping houses allows you to sharpen your management skills. As we all know, there is more to buying and selling real estate for profit. You have to plan your actions carefully and manage your time well. By being a real estate investor who flips properties, you will get to learn important skills that can help you grow as a person and as a prolific entrepreneur.

Unlike other high-paying jobs, you don’t need an MBA or a doctorate from prestigious universities just to make huge profits in this method of investing in real estate. In fact, you don’t need a college degree at all. With the business of flipping homes, your lack of proper education will not be a hindrance to your success.

For a more comprehensive report on flipping real estate, visit www.RehabList.com.

Related Selling Real Estate Articles

Cash fast offers are quickly becoming a preferred choice amongst real estate buyers and sellers. Using cash instead of financing through a bank can save time, money and frustration. Sellers who need to sell their house fast are usually willing to lower their asking price when a buyer offers cash. Although they make less money, they can sell the property quickly and close in a matter of days.

Cash fast offers can be made on any type of real estate. Desperate homeowners are eager to locate cash buyers because it gives them negotiating power with their lender. With the massive number of foreclosure properties, many lenders are now offering the option of short sales. This agreement allows borrowers to sell their house for less than they owe on their mortgage note.

Two types of short sale agreements exist. The first is known as Payment in Full without Pursuit of Deficiency Judgment. What this means is the bank will accept the sale price as payment in full and the borrower walks away without owing any money. Obviously, this is the preferred choice.

The second type of short sale is known as a Deficiency Judgment. Borrowers are responsible for paying the difference between the purchase price and mortgage loan balance. Lenders establish the lowest offer they will accept on the property within the short sale approval documents.

Entering into a deficiency judgment could cause serious financial harm. Therefore, it is crucial to weigh the consequences if this is the type of short sale agreement your lender offers. Currently, lenders approve about one of ten short sale requests. You can improve your chances of approval by locating a cash buyer prior to contacting your lender.

Another reason property owners need to sell real estate stems from probate. When a person dies everything they own must be accounted for. The probate process is used to validate decedents’ last will and assess a value of their estate. Unfortunately, courts are overflowing and the probate process is painfully slow.

Throughout probate, estate executors must pay all costs associated with the estate; including real estate holdings. When probate properties have an attached mortgage, the estate can go bankrupt if the decedent did not have sufficient funds to cover expenses.

If real estate holdings become a financial burden, estate administrators can opt to sell the property. Probate real estate is often a great investment because homes are usually well maintained and do not require as much work as foreclosure or bank owned homes.

Homeowners who need to sell their home due to employment relocation or health issues welcome cash fast offers. Many of these individuals are paying two mortgages, along with utilities and general maintenance. They are usually eager to lower the price when buyers offer cash.

Many people who own vacation homes or rental properties are struggling to make ends meet. Drive down nearly any street and you are certain to find homes owned by people who need to sell fast. Some of these sellers are placing “Discount for Cash” stickers on their For Sale signs.

With the current credit crunch many private investors are buying houses with cash because banks have become more stringent with lending criteria. Many of these investors obtain soft money loans through private individuals and are purchasing investment properties on their behalf.

In today’s shaky economy, cash is king. Individuals who buy homes with cash have greater negotiation power, while providing financial relief to cash-strapped sellers.

95291 Starkweather Road | Gold Beach Real Estate


Image by Gold Beach Real Estate
WOW owner says sell now! Just reduced 0,000.00 Architecturally Exquisite with exceptional coastal views. Oak floors, towering windows, 9 ft ceilings, INDOOR regulation Raquetball Court, 35 ft. Lap Pool & Sauna. Epicurean kitchen: stainless appliances, granite counters, cook island. Deluxe master suite w/companion shower & private sunning deck. Executive office. IMMACULATE.

Over the last several years, there has been substantial growth in the number of auctions held and the value of real estate properties sold in auctions. According to the National Association of Realtors, real estate auctions are currently 21.5% of the overall auction market. During 2010, one in every three properties is expected to be sold using an auction model. The trend is increasing for online auctions and it is likely to continue into the future. Online auctions were not feasible in the past due to lack of availability of appropriate technology, as there was no specific dedicated platform for real estate. Recently a few companies have developed proprietary platforms and are utilizing them for conducting their own auction business. Hitherto traditional real estate brokerage firms had no or little access to the technology. Real estate brokerage firms can use online auctions as an additional selling tool in their business.

The traditional method of selling real estate has less transparency. Buyers never knew what the other bids were so they did not know what they were competing against. Sellers didn’t know if they were getting a good price for the home because there was very little competition between buyers. Sellers generally want to sell a home quickly for multiple reasons including a new job, family, etc. but have to often put their lives on hold because it usually takes a long time to sell their home. There was no pressure on buyers to submit a bid in a timely fashion so homes were on the market for much longer periods of time. For realtors, if they take more time to move home inventory it takes longer to get commissions and the growth rate of their business is reduced. They were also not able to leverage technology to offer any value-added services to their clients in the past. 

Currently, there is such a large supply of foreclosed homes that banks are trying to sell their stock utilizing auction companies who have live and online auction platforms. According to RealtyTrac, a record 2.8 million households were threatened with foreclosure last year and the number is expected to rise to more than 3 million homes in 2010. New companies are starting up who seek to specialize in selling these REO homes by the auction process. These new entrants may also seek to gain a slice of the traditional real estate market in competition with existing brokerage firms. Brokerage firms can get in the online auction business early and not leave the field open to competition from new entrants.

XWAuctions has launched a SaaS online and live auction platform for real estate.  There is no software to purchase or install, it can be branded to your website look and feel, and with this technology realtors can offer new value added services to grow their business and generate additional revenue streams.  Visit www.XWAuctions.com to request a demo of our online and live platform to see how it can change the real estate industry for the better.

Erinaceous Group plc


Image by Robert Brook
ERINACEOUS GROUP PLC
PHOENIX HOUSE
11 WELLESLEY ROAD
CROYDON
SURREY CR0 2NW
Company No. 03732607

Nature of Business (SIC(03)):
7012 – Buying & sell own real estate
7020 – Letting of own property

Real estate agents are getting better at what they already do so well, with properties being personalized to suit the buyers needs and in Sydney this is more so.  

As the population grows, everybody is looking towards their property worth.  Weather buying, selling and investing, people are constantly on the lookout for affordable living and/or business opportunities.

Sydney real estate agents are now taking a more personal approach to selling property. The strict business only routine is great for a sales pitch in an office, but when you’re trying to sell a house to a family, it should feel like everything possible is being done to help them choose their home.  

For investors and business owners alike, the process is different they need to see that it is the golden egg they are looking, the investment property of a lifetime or the location that will get the most traffic.  

A common complaint is that real estate agents become unreachable to their clients if a problem occurs.   However, realtors are regaining a good reputation, by not letting this unprofessionalism continue.  

When a client is looking for a place to live in or place to set up a business they have an idea of what they are looking for.  Everything from the type of space, the location, the number of rooms and the parking, is decided by the client, before they approach the agent.  It is then the real estate agent’s job to make that happen, it up to them to fulfill the client’s need and create a happy relationship.

Selling real estate is not just about placing a ‘For Sale’ sign in the front yard; the property requires an agent that can make the property desirable and put it out there. The agent has to take care of the requirements and make the process as stress-free and rewarding as possible for the owner and the buyer alike.  

In the busy lives of all professionals, it does happen that people don’t get the service that they want or truly deserve. Making an effort on the agents’ part is in this day an age an unusual experience for some people. Commitment, dedication and passionate towards their chosen field, has allowed them to excel in offering a complete real estate experience in Sydney.
Look for a Sydney realtor who is also a good negotiator. They get a better price or a better deal for you than you possibly could on your own. Someone who doesn’t know negotiate to the fullest on your behalf is lacking and is not the most ideal pick. The mark of a good realtor is that he would be hard to satisfy and would not settle for anything other than what is best for their client.
And finally look for a realtor who is a good communicator. So that you are not kept guessing about the finer details of the deal and have a say in all that goes on. Think practical and think professional. You really can’t go much wrong with that piece of advice.