Real Estate Blog

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  • The Hidden Pitfall Of Resell Rights Products

    Monday 03 September 2007
    author:

    One of the best known ways to create an extra income stream in internet marketing is to license a product with resell rights and then offer it for sale. It sounds simple enough, but most people won't be successful with that approach for one simple reason. Fortunately, it's a problem that can be fixed quickly and easily.

    Two of the most lucrative ways of making money in internet marketing are affiliate marketing, or promoting someone else's product, and direct marketing, where you're promoting your own product. Most people find the latter is an easier way to make money online. One big stumbling block most people run up against is their lack of knowledge in exactly how to create and ebook or information product.

    Fortunately, there's a way around that. You can buy an existing product that includes resell rights, and promote that. A resell rights product, just like it sounds, gives you the rights to resell the product. You don't act as an affiliate, you sell the product all on your own, and keep 100% of the money earned. (Note: some categories of resell rights product allow you to put your own name on the product as the author — check the licensing terms carefully to know exactly what rights you have.)

    It all sounds rosy, doesn't it? You find a product you like and that is of good quality, you purchase the rights, and start selling it yourself. What could be easier? What could stop you from getting rich with such a system?

    I'll be blunt — your biggest hurdle is going to be yourself. Here's what usually happens when someone buys a product with resell rights:

    1. You purchase the product.

    2. You download the product to your computer.

    3. You look at the product and think how cool it is.

    4. You forget about the product and start looking for something else.

    If you've been in the internet marketing business for any length of time and use resell rights products as an extra income stream, I would bet money that you have unused products on your hard drive right now. I've talked to dozens of people and they all say the same thing, "I've got to stop buying more resell rights products and start using the ones I have!"

    So the hidden pitfall mention in the title of this article? It's yourself! It's me! It's human nature!

    If you're going to become successful in selling resell rights products, you need to get at least a little bit organized in your approach. Here are three simple steps you can take to make sure you reap the benefits from that "buried treasure" on your computer.

    1. Create a list of your existing resell rights products and include a column that allows you to see at a glance which ones have been used and which ones are still collecting digital dust on your hard drive.

    2. Commit to putting new resell rights products on your list right away. If you put it off, you'll forget you even have them and you'll have wasted your money.

    3. Put up sticky notes on your monitor to remind yourself that you have a waiting resell rights product you need to launch. If a sticky note doesn't work, use some type of reminder system — don't just leave it to your memory.

    If you put those three steps into place you're much more likely to sell the products you have available. And it's only when a sale takes place that you're able to recoup your investment and then start making a profit in your online business.


  • Buying And Selling Home In A Balanced Market

    Friday 31 August 2007
    author:

    Over the last several years most buyers and sellers have dealt with either a buyer's or seller's market. A buyer's market is what the market is called when there are more sellers than buyers, so the listings take longer to sell and buyers can really shop around until they find exactly what they have been looking for. A seller's market occurs when there are few homes for sale and buyers have a lot of competition for homes. For the first time in a long time, the market is shifting toward a balanced market, where it favors neither buyers nor sellers. When the market is more balanced buyers and sellers need to approach the buying and selling of real estate a bit differently.

    Great Tips for Those Buying and Selling in a Balanced Market

    Most of the time, those that are selling their home can afford to buy a new home before they sell their old home. In a balanced market this is a very risky move because you may be able to find a home that you like before you are able to sell your home. A balanced market often causes homes to sit on the market for a bit longer, so you should be sure that you can afford to have the home sit on the market for a few months before it sells. When the market is balanced you also cannot count on the selling price of your home, so buying a new home before you sell can leave you in a bad place if you don't have savings to fall back on.

    On that note, it's important not to count on a specific selling price in a balanced market. Because homes sometimes take a bit longer to sell, it's important to be open about the selling price of your home if you want it to sell. Buyers are often more picky, so you may have to drop the price of your home if you want it to sell quickly. If you count on the selling price of your first home when you buy your second, you can end up in some serious trouble. For this reason, it is often best to put off buying a new home until you sell your current home.

    Another option when you are selling and looking to buy at the same time is make a new buy contingent on the first home selling. This can be a risky move, but if your offer is good many sellers will accept the conditions of your offer. Your Realtor can write up the offer so that you have six months to sell your home before you close on the new home. This will allow you some time to attempt to sell your current home before you officially get in over your head with a new home. Again, it's risky to put this into your offer, but if you are careful it can work for you.

    The Bottom Line

    The bottom line is that in a balanced market it is risky to buy before you sell. Depending on your specific market it can take months to a year to sell a home, so it's best to wait it out. A good tactic that many people use in a balanced market is to sell your current home first. This will give you plenty of time to decide what sort of home you want, so that you aren't rushing through the home selection process. By the time your home sells you will know exactly what you want and you can go for it. If it happens that your home sells really quickly in the balanced market, that's okay! An interim rental will cost you very little and will allow you to sell and move out of your first home, but continue to keep looking for that perfect home to buy. You will also know exactly how much money you have to put into your new home if you sell first, so you can buy a new home with confidence.

    Another option is to sell your home, but allow 30 or even 60 days to close on it so you can take that time to either find a decent rental or find something to buy without rushing. Long closes are often best for all parties, so don't be afraid to ask for a long close to give you and your family time to decide where you are going from here.

    Selling first just makes the most sense. Because you don't know how long your home will take to sell in a balanced market and you cannot determine how much it will sell for, it is just the safest route to take. If you are a risk taker, than you don't have to go this route, but most people find that the sell first philosophy works better in the balanced market.


  • Top-Ranking Communities For Housing Growth In United States

    Friday 24 August 2007
    author:

    On August 21, 2006, the U.S. Census Bureau released information about housing growth in the Nation. The Bureau provided data covering the period from July 1, 2004 to July 1, 2005. The data was segmented by changes in the actual number of housing units, as well as the percentage change in housing units for a particular county.

    As a nation, there were approximately 124.5 million housing units as of July 1, 2005, which was a 1.5% increase from July 1, 2004.

    Listed below are the top 15 counties that added the largest number of housing units for the period observed. San Diego County ranked #12 with 13,964 housing units added from 2004 to 2005, which represents a 1.3% increase from the previous year.

    1. Maricopa County, Arizona (52,203 units added)

    2. Clark County, Nevada (35,114 units added)

    3. Harris County, Texas (33,698 units added)

    4. Riverside County, California (29,689 units added)

    5. Miami-Dade County, Florida (21,375 units added)

    6. Los Angeles County, California (19,950 units added)

    7.Lee County, Florida (19,894 units added)

    8. San Bernardino County, California (17,032 units added)

    9. Tarrant County, Texas (16,281 units added)

    10. Fulton County, Georgia (15,374 units added)

    11. Orange County, Florida (14,003 units added)

    12. San Diego County, California (13,964 units added)

    13. Palm Beach County, Florida (13,777 units added)

    14. Hillsborough County, Florida (13,086 units added)

    15. Bexar County, Texas (12,333 units added)

    The Bureau also provided data with regard to the largest percentage change in housing units from July 1, 2004 through July 1, 2005 for U.S. counties. The top fifteen counties were:

    1. Flagler County, Florida (14.8% increase)

    2. Sumter County, Florida (12.8% increase)

    3. Pinel County, Arizona (10.2% increase)

    4. Osceola County, Florida (9.5% increase)

    5. Franklin County, Washington (9.4% increase)

    6. Culpeper County, Virginia (9.3% increase)

    7. Washington County, Utah (8.6% increase)

    8. Kendall County, Illinois (8.5% increase)

    9. St. Lucie County, Florida (8.2% increase)

    10. Rockwall County, Texas (7.7% increase)

    11. Loudoun County, Virginia (7.4% increase)

    12. Paulding County, Georgia (7.3% increase)

    13. Walton County, Florida (7.3% increase)

    14. Yuba County, California (7.1% increase)

    15. Fannin County, Georgia (7.1% increase)

    The Census Bureau consolidated data about counties to determine which states had the most rapid housing growth in terms of percent change from 2004 to 2005. The top fifteen states were:

    1. Nevada (4.4% growth rate)

    2. Arizona (3.5% growth rate)

    3. Florida (3.1% growth rate)

    4. Idaho (2.9% growth rate)

    5. Utah (2.9% growth rate)

    6. Georgia (2.7% growth rate)

    7. North Carolina (2.1% growth rate)

    8. Colorado (2.1% growth rate)

    9. Texas (2.0% growth rate)

    10. Delaware (2.0% growth rate)

    11. South Carolina (2.0% growth rate)

    12. Virginia (1.9% growth rate)

    13. Washington (1.7% growth rate)

    14. Minnesota (1.7% growth rate)

    15. Hawaii (1.7% growth rate)

    California ranked #19 with a 1.4% growth rate. The housing growth rate from the nation as a whole was 1.5%. For more information, go to the Census Bureau?s web site.


  • Monaco Tops London Property Prices

    Thursday 23 August 2007
    author:

    Economic rules of supply and demand in the real estate market are likely to see Monte Carlo's property prices rise further in the short and medium term, according to a Monaco property company.

    One bedroom apartments in the Principality are already at the million Euro level and the lack of properties coming to the market and the absence of new builds could make today's prices seem like a bargain in five years time.

    'Three years ago there were six hundred properties on the market', claim the company, 'Now there are two hundred. Coupled with increased demand, especially from the UK, prices have been rising and could go quite a bit further if current trends continue.'

    Visitors to Monaco and Monte Carlo are often surprised at the lack of apartments for sale as they can see new buildings under construction.

    'The apartment buildings under construction are for local Monaco people', they explain, 'Rather than for the open market where anyone can buy a property. The situation is unlikely to improve in the short and medium term but the number of buyers is rising - and consequently so are the prices. Monaco now has the highest priced property in Europe.'

    Other reasons for the shortage of property in Monaco include that residents are holding on to their apartments longer, enjoying the tax free status Monaco affords, and as the owners see their property rising in value holding on to it as an investment.

    To maintain residency in Monaco residents need to live in the Principality for six months a year. Winter time often sees a lot of apartments mothballed with the owners wintering in the Caribbean.

    Monaco Property Prices

    With property prices in Monaco the highest in Europe and one bedroom apartments after closing costs starting at around a million Euros, longer term the shortage of property will be helped by a new island being built off Monte Carlo.

    It's thought unlikely that the new island to be built off Monaco will reduce prices much overall though, despite the increase in the number of property units available as Monaco property is always in demand.

    It is believe that most new apartments will be sold to investors off plan well in advance of any building work starting.

    'The problem with property in Monaco is not the lack of buyers', they say, 'but more the lack of good properties for buyers to choose from. Hopefully the new island will address that. Everyone in Monaco is aware of how important the environment is thanks to Prince Albert's initiatives in pushing it up the political agenda, and any new developments will be low rise. With the good weather in Monaco expect to see plenty of solar panels on the roofs to make the buildings energy efficient'.

    It is possible that the new island will be incorporated into future Monaco Grand Prix, which could give more overtaking opportunities.

    During his first year Prince Albert has successfully made the people of Monaco aware of global warming and taken steps to combat it, and for his second year and beyond he is likely to be campaigning just as hard at home and abroad on the issue he believes in so much.


  • Renting To Buying: How First-time Homeowners Can Maintain A Real Estate Investment

    Tuesday 14 August 2007
    author:

    Taking the leap from renting real estate to buying a home is a lot like making the move from dating to getting married. The time, quality, and financial commitment increase ten-fold. First-time homebuyers are often shocked at the amount of time, energy, and money that goes into maintaining their first real estate investment.

    So if you are making your first real estate purchase, you need to know this; buying and renting real estate are completely different experiences. You need to know what sort of routine home maintenance you will need to do, and how it will affect the value and condition of your home. Renting is a little like living at home with your parents. Tasks are taken care of for you. You might not even know that they exist. But a real estate home investment demands your attention. Or you will end up spending a lot of time and money on damage and repairs.

    Structural Integrity of Your Real Estate Home Investment

    Some basic maintenance tasks you will inherit as a homeowner include; cleaning out gutters, keeping the roof in good shape, yard care, and preventing mildew, mold, and rot. All these tasks will preserve the structural integrity of your new home. For instance, keep grass cut low near your house to prevent wood damaging insects, like termites, from being attracted to your real estate property. Regularly cleaned gutters prevent huge water damage. And basic trimming of trees can stop wild branches from crashing into your house in a storm. While your landlord may have handled these issues before- they are all yours once you purchase your home.

    Safety Concerns of Real Estate Homeowners

    Monthly checks on smoke alarms, fire detectors, and extinguishers are imperative to a homeowner. Your entire real estate investment, or worse your loved ones, are at risk if you forget to replace the batteries in that fire detector. Other safety factors include vacuuming air vents, cleaning out the clothes dryer hose and vent, and insuring that all appliances are in good working order. Faulty appliances cause water damage, fires, and loss of personal possessions, lives, and real estate investments each year.

    According the University of North Carolina?s Injury Prevention Research Center, about 15,000 people are injured every year in fires caused by clothes dryers. So empty that lint trap and don?t leave it running when you?re not home.

    Money and Health Concerns of Real Estate Homeowners

    Your other jobs as a homeowner may include adding salt to a tank to soften your water, or learning the specifics of your well, septic system or sump pump. You will need to know where fuse boxes and circuit breakers are and how to access them. And you will want to pay attention to things like caulking, weather stripping and your heating and cooling units. Regular maintenance of these items will save you thousands of dollars in energy bills, damage, repairs and replacements. Real estate is considered an investment of both time and money. A proactive approach to home maintenance will insure that your real estate investment pays off, rather than costs you dearly.


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