Posts Tagged ‘Business and Economy’

Solid option

For a contemporary bathroom vanity that can withstand the knocks,

Take a look at the Blue Australia range

Bathroom vanities are one of the hardest-working pieces of furniture in the home. We use them for everyday tasks such as brushing our teeth, shaving, applying our make-up and fixing our hair. As such, they need to be tough enough to withstand constant use.

The blue Australia range of bathroom furniture from Architectural Designer Products is made to withstand all these daily rigours.

Director Andrew Jones says the range draws on the latest European designs, featuring clean, contemporary lines.

“Our dedicated team is committed to producing stylish, yet practical, high quality bathroom furniture. Our friendly and helpful sales staff ae always willing to assist with inquiries.”

The Balmoral and Clovelly vanities are made from moisture- resistant, medium density fibreboard and the components are locked together with metal pins. They also have a solid back for added strength.

The hinges come with a lifetime guarantee, and all cabinetry is fitted with the Blum full-extension metal drawer system and an anti-slam damper system to ensure doors close softly.

The vanities are coated in white polyurethane or Wenge, Select Beech or Young Beech Laminex laminate, and come either wall hung or white a kick board.

The basins in the Balmoral and Clovelly ranges are raised above 12mm thick glass tops that have been screen-printed on the underside and toughened to give them a fresh, aqua green colour.

Also available in the Blue Australia range is the Wall Buddy – a half partition wall that provides privacy for the toilet, storage space for towels, and a cupboard.

Posted by on May 21st, 2010 Comments Off

Learn the important 5 steps to manage your tenant and rental property with this landlord guide.

Step 1: Find New Tenants for Your Rental Property
After buying your rental property, the first crucial thing is to make sure it doesn’t remain vacant. If you want to make money by owning rental property, you will need tenants for rental income.

Step 2: Interview and Pick Reliable, Rent-Paying Tenants

Recent studies have shown that choosing the right tenant can help you avoid up to 80% of your future headaches. There are 2 major steps in this landlord guide when it comes to picking your dream tenant: Credit checks and tenant interviews

When it comes to owning rental property, credit checks mean getting your hands on the credit report of potential tenants. Tenant interviews are effective for choosing pleasant and cooperative people as your tenant.

Step 3: Sign Your Rental Agreement and Collect Rent from Your Tenants

Now that you have found your perfect tenant, it’s time to seal the deal with a written rental agreement.
Make sure you and your tenant agree on a date and method of collecting rent. Most landlords accept their rent by cash, checks or Paypal.

Step 4: Keep Your Rental Property in Shape with Repairs

Owning rental property also means having to maintain in habitable condition according to your local housing safety and health standards. When it comes to property repairs, it’s important to know whether the landlord or tenant is responsible for footing the repair bills.

Step 5: End Your Rental Agreement Smoothly and Legally

How you can end your rental agreement depends largely on whether you have a periodic tenancy or a fixed term tenancy. Sometimes owning rental property means have to deal with nightmare tenants who don’t pay you rent or breaks the terms of your rental agreement.

Posted by on April 10th, 2010 Comments Off

The house Buying Process

Well to help buyers figure out that the information overload age need not apply to them when looking for and in buying a house, we have detailed the Buying Process for better peace of mind below… less chaos. This article is written in a state where real estate agents handle real estate transactions, so realize that in some states or counties an attorney is required.

1. Become Educated

If you don’t contact a realtor first, do at least take time to get educated both about the real estate values by shopping online and about getting pre-qualified with a mortgage lender.
Maximize your opportunities to find the right home by eventually sharing your property wants/needs and timeframe with a realtor.

Your realtor can:

  • Commit to your agent of choice for the best professional service because commitment reciprocates commitment and genuine service, which is maximizing your opportunities.
  • Direct you to competent and reputable mortgage professionals to establish your comfortable home buying price range.
  • Help with advanced search methods or tools.
  • Help you to understand neighborhoods and home features and their value in today’s market, as well as relevance to your buying needs.
  • Conduct information gathering and research on specific properties for you.
  • Create a venue for home buying advice and counseling.
  • Discuss current market conditions.

2. Get Pre-Qualified

Finding the right mortgage lender or bank can be trying. Often times a good realtor will give the best recommendation. Also, don’t forget the energy and possible long hours saved from shopping around for homes that don’t meet your needs and budget. Your lender will:

  • Check your credit.
  • Write a “Pre-Qualification” (Pre-Approval if you take extra steps) letter that strengthens your offer on a home or property.

3. Find Your Dream Home

After becoming pre-qualified or pre-approved with a lender, it is time to find a home that truly meets your needs and budget.

Use a local realtors office or internet property search solutions to access “All the Listings”. You can do this by typing into the internet the name of the city (and state, if needed) followed by the words “real estate”. Most local county boards will control how much data gets released onto the internet. Most realtor sites will “serve up” some version of the local Multiple Listing Service containing all the listings. Typically, these entities get property data either direct or in a “feed” from the local Board of Realtors in that County. If it’s a direct line, then data can be deemed “real-time”. If not, usually a day or two lag time of new listings going on will be rendered at your interface point of contact search solution. The bigger conglomerates compete with how you as the end user will eventually be connected up with which realtor. Both realtor and conglomerate may compete with the need to withhold enough information to still be able to entice you enough to get your contact information. Often times an individual realtor’s site will give out more data on listings than the big conglomerates because they already have some security of possible representation of business.

Email updates are when a new listing comes onto the market matching your criteria and you get a reference to that listing freshly emailed to you with all pictures and data relative to that new listing.

Select those homes or properties that are of interest.

If possible drive-by the listings to become accustomed to the neighborhoods, styles and curb appeal of your preference homes.

Depending on areas, sometimes a Key-Box will be attached to the home as a way for your realtor to access the home when an appointment was not able to be secured. If in an area, likelihood abound that many homes of the homes selected are on Key-Box, then less time is required and in some cases immediate showings can be arranged.

4. Getting a Loan

  • Proof of Income
  • Employed – 2 year tax returns or W-2, 1 month pay stubs
  • Self Employed – Federal tax return, profit and loss statement, 2 years balance sheet
  • Retired – social security awards letter
  • Other income
  • Rental property – copy of lease
  • 2 months bank statements
  • Driver’s license
  • Social security card
  • Home Owners insurance information
  • Bankruptcy information
  • Proof of Earnest money check

Your lender will:

  • Verify your information meeting the criteria for the loan
  • Handle last minute conditions from the underwriters

Once all conditions have been met, the loan is released from Final Underwriting and the true lender is committed to funding the loan.Your realtor or attorney can be checking in with your mortgage lender or bank as performance dates grow close. Many a home buyer can breathe a sigh of relief knowing that if you follow the “yellow brick road”, along the home buying process that it will land you a home… and there is no place like home!

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Posted by on March 4th, 2010 Comments Off

Deal-Finding Strategies: The Good and The Bad

Good: The Multiple Listing Service. The MLS is essentially a catalog of all the properties listed for sale by brokers. The trick is to ferret out which properties have motivated sellers without making offers on all of them. I’ve honed this skill through years of translating agent lingo like, “Handyman’s special” (looks bad, smells bad, has at least one major system that doesn’t function), “needs TLC” (ugly, but not smelly, and everything works).
Coincidentally, these are the same properties that most agents prefer not to spend a lot of time with.

Bad: Direct mail to real estate agents. In 1994, I had the brilliant idea that I might be able to find MLS-listed properties even faster if I simply let agents know what I was looking for. So I purchased 1,200 agent names from the Board of Realtors and generated a 3-part mailing send to every agent in town.

The theme of this campaign was this: if you, Ms. Agent, have a property listed that fits my criteria, I’ll make an offer and you get to keep the entire commission. Out rolled my brilliant campaign -all mailed first class, incidentally – and in came the phone calls.
first, I’ll target only the 200 or so agents who list the types of properties I buy.

Good: Ads in the Yellow Pages. For 8 years, I’ve had an ad in the “real estate” section of the Yellow Pages. The sellers tend to be motivated, cooperative, and have unlisted properties.

Bad: Advertised FSBOs. Properties For Sale By Owner, a.k.a. FSBOs, are a favorite for some real estate investors. I, on the other hand, have never purchased a property from an owner who advertised his property for sale rather than calling me.
I’ve found several problems with trying to buy FSBOs. If you are buying expensive homes creatively, these sellers are ripe for the kind of solution you offer.

Posted by on March 3rd, 2010 Comments Off

REAL ESTATE BROKER

Real estate brokers and agents are people that work in the real estate business. They can assist real estate buyers and sellers with their needs, whether it’s a house, condo or any other type of real estate property. A real estate broker is a party who acts as an intermediary between sellers and buyers of real estate and attempts to find sellers who wish to sell and buyers who wish to buy.
Offer a Reasonable Earnest Money. You cannot present an offer with a $50 earnest money and expect a real estate agent to take you seriously. If you are concerned with losing your earnest money, consider using a real estate promissory note. In the US, real estate brokers and their salespersons assist sellers in marketing their property and selling it for the highest possible price under the best terms.
Offer a Short Closing Date. Another way to get a real estate agent to take you seriously is to offer a fast closing. If the real estate agent has another offer presented to him, he will usually advise his client to take the offer with a larger earnest money and faster close than an offer which is higher in price.
While some people may refer to any licensed real estate agent as a real estate broker, a licensed real estate agent is a professional who has obtained either a real estate salesperson’s license or a real estate broker’s license.
Insist on Presenting Creative Offers in Person. it will not be represented to the real estate owner in the same enthusiastic fashion. As stated above, real estate agents do not like creative offers – they like conventional offers from solid real estate buyers. Commissions are negotiable between seller and broker. If you can offer the real estate agent an incentive to make money out of the transaction, you will get his cooperation. If you present a lease/option offer on a listed real estate property, how will the agent receive a commission?
Sometimes you will get the opposite of an uncooperative real estate agent – an overzealous real estate agent. Be suspicious of a real estate agent who tells you what a deal you are getting on a real estate property. Ask for a printout of comparable sales (not listed real estate properties). and Do your own assessment of real estate value.
Most real estate agents are not this formal and will take any offer in writing to the seller. Simply summarize your offer in writing and fax it to the listing real estate agent. Unlike the typical real estate agent, buyer’s brokers work exclusively the real estate buyer. The buyer’s broker can be paid directly by the buyer, or can be given a portion of the commission earned by the real estate property seller’s agent.

Posted by on February 11th, 2010 Comments Off