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Short Sales in Orem, Utah

Oct. 28th, 2008
in Buying Real Estate
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One of the best deals for both investors and potential homeowners is a short sale. If you are able to find real estate to purchase in a short sale, you will be able to save a substantial amount of money on the cost of the home. This is a great way to purchase a new home, or to add to your investment portfolio. If you are looking for a short sale, there are ways you can go about it in order to find the property you are looking for.

Banks and lenders hold the keys to the short sale. They know what properties they will be willing to sell as a short sale. Typically, they will only negotiate a short sale if a letter of default has been sent to the home buyer. They will then negotiate a short sale in order to receive at least some of their money back on the loan. They know all of the real estate that has received a letter of default, so they know which properties they would be willing to consider for a short sale.

Because banks are the key to the short sale, you can begin the process by asking different banks and lenders if they have any property available for a short sale. This can be a trying process, as often banks are not certain if they want to offer a short sale on real estate or not. In most cases, if you approach them on your own, you will not be able to get the sale you are looking for.

On the other hand, agencies can communicate with lenders in order to help you find a short sale. Because of their relationship with banks and other lenders, you are more apt to find information about properties available for a short sale by using this method.

When you do this, you will team up with an agency and get inside information on short sales in regards to real estate. This information is invaluable as it will lead you to deals with sellers.

You can also go the route of a mailing list. Short sale lists are compiled and then mailed out to subscribers. When you get the list, you will be able to go through the properties and find the short sale property you would like to buy.

A mailing list is a great way to get the most up to date information regarding real estate short sales. You will get updates often, which means you will always have a chance to find more investment property or the home of your dreams.

If you want to save money on the purchase of real estate, be sure to look at short sales available in the area. With the current foreclosure rate, short sales are becoming increasingly popular. You can find a great deal and pay a fraction of the normal cost.

Decide on the method you want to use in order to find properties available for short sales, and then begin your search. Be sure to move quickly, as short sales find buyers very fast. Investors and home buyers look into these properties so they can get a great deal, which means you need to start looking in order to find available property.

Art Gib is a freelance writer for PayneSmootGroup.com (http://www.paynesmootgroup.com), a website featuring Orem Real Estate.

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Using Cash on Cash Return to Analyze Your Investment Property

Oct. 28th, 2008
in Real Estate
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Each real estate investor uses their own unique set of ration to analyze investment property purchases. Some of those ratios include: Cash on Cash Return, Debt Coverage, Cap Rate, Gross Multiplier, and Return on Asset to name a few. Your financial goals, risk tolerance, and the type of property you are interested in with ultimately determin Which ratio you use.

Many of the required numbers for calculating Cash on Cash return are easily available in the field or on the fly, many investors will use this ratio as a quick test to determine if further analysis is required. It is an excellent indicator if the property is potentially under priced or a cash cow. Less seasoned investors may want to use a an on-line property analysis tool or property worksheet to do the work for them.

The math equation for Cash on Cash Return is Net Annual Cash Flow divided by Total Cash Invested. Let’s work through gathering the numbers.

First, calculate the Net Annual Before-Tax Cash Flow:

Calculate your yearly income from the property including rent and additional income such as laundry fees.
Total all yearly expenses that you pay as the owner/landlord such as:
Utilities (heat & electricity)
Water/Sewer/Garbage
Snow/Lawn Care
Management/Care taking
Insurance
Subtract the above yearly expenses from your above yearly income to arrive at your Net Annual Operating Income.

Next:
Calculate your mortgage payment using any on-line mortgage calculators. Multiply by 12 to get your annual mortgage payment.
Subtract your annual mortgage payment and your annual tax amount from the above Net Annual Operating Income to arrive at your Net Annual Cash Flow. Make sure you did not include taxes more than once!

Figuring your Total Cash Invested is easy. It is simply amount of money your used to acquire the property [think down payment]. Most investors will keep the math simplified by NOT including closing costs or other ‘acquisition costs’.

Last:
Calculate your Cash on Cash Return by simply divide Net Annual Cash Flow by Total Cash Invested. This percentage/ratio can used to compare even un-like investments. Looking at it simplistically, this number shows how much of your cash out of pocket is returned to you each year by this investment. Because this is a quick test, it does not take into account any tax implications, depreciation, or appreciation.

I recommend that you run multiple examples to become familiar with this ratio before making a purchase decision using it. You should also become comfortable with what level of Cash on Cash Return you are striving for. Many real estate investors are looking for at least a 24% Cash on Cash Return. Some will not even consider a property unless it produces a ratio of 30% or greater.

Scott Ficek owns and manages almost 30 investment property units from single family to multi-family. He is also a Minnesota MLS Agent with RE/MAX Advantage Plus in Minneapolis and helps new and seasoned investors buy and own Investment Real Estate.

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Seller Tips for Orem Real Estate

Oct. 28th, 2008
in Selling Real Estate
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There are certain rules that people need to follow, no matter where they live. If you are trying to sell your real estate, you will want to take some things into consideration in order to make the process go smoothly. The idea is to sell the property as quickly as possible, and by following the guidelines, you will be on the right path to sell quickly.

The first thing you need to do is prepare the home you are selling. You need to go through your home and make sure it is ready for buyers to see it. When you do this, you will have to go through your home as if it belongs to someone else. Imagine yourself as a buyer. You will then be able to get a better look at your home.

If there are minor changes you can make in order to make your property more appealing to buyers, be sure to make them. That way, you will be more likely to be able to sell your real estate quickly. Make the changes before you put your real estate on the market so everyone will get to see your property as you want to show it.

You can also increase the chances of selling your property quickly by picking the right time to put it on the market. There are good times and bad times to sell your home. Make sure you know the market so you put your home up for sale at the right time. Study the market and use the knowledge of a third party. If you hire an agency, they will analyze the market for you and let you know how you will fare if you put your home up for sale at that time.

After you have prepared your home and put it up for sale, you will need to consider a marketing campaign. Cute signs and funny advertisements are not a good idea when you are trying to sell your house. Stay professional so you will increase your chances. You need to engage in a professional advertising campaign that will bring buyers to your home.

You also must decide on important things in regards to selling your home. This will make it easier when someone makes you an offer. When you are selling your property, you need to remember you are taking part in a business transaction. That means you need to think with your head instead of your heart. In order to do that properly, you must lay out some ground rules when you put your home on the market.

You need to decide on how low you are willing to go on the price of your home. You also need to decide if you will include anything extra in the contract. Both of those things need to be decided before you begin to accept offers.

You can sell your real estate in a reasonable time if you follow these guidelines. If you understand the market, you can place your real estate up for sale at the right time and then reap the benefits. The market is a business and by understanding the business, you will be able to sell your house.

Art Gib is a freelance writer for PayneSmootGroup.com (http://www.paynesmootgroup.com), a website featuring Orem Real Estate.

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How To Sell Your Home Fast

Oct. 28th, 2008
in Real Estate
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The majority of residential property sales (90%) are conducted via estate agents. However, this method is not right for everyone and more people are looking at alternatives as they are unhappy with their estate agent or they need a quick property sale.

The problems with Estate Agents
The Office of Fair trading conducted a study of estate agents in response to many complaints about them. They found serious concerns over the way estate agents serve the public. The consumer group Which? has also conducted research and found evidence of serious violations of the law and a massive 50% of consumers voicing dissatisfaction over the service received from their estate agent. They said:

“Consumers entering the home-buying or selling process are substantially disadvantaged by the way estate agents currently operate”

Now, of course there are some good estate agents out there but all too often you have to pay 1.5 to 2.5% +VAT for terrible service.

So what it the alternative??
Well if you want the top price for your property the only real alternative is to advertise yourself or get a better estate agent. However, if you need a quick sale then a specialist home buying company is a good option to use. They can purchase your property directly from you with out the need to go through an estate agent.

Just to be clear, you should really only use a specialist property buying company if your need for a quick sale is greater than your need to sell for the best price.

Typically you find yourself in need of house buying specialist if:
1. You are in financial difficulties
2. You are being threatened with repossession
3. You would like to sell your property & rent it back
4. Your chain has collapsed and you’re totally desperate to sell
5. You need money quickly and remortgaging is not an option
6. Bereavement or divorce means you need to move-on as quickly as possible
7. You’ve inherited property that you want to cash-in quickly
8. You’re emigrating and your property is proving difficult to sell

Home Buying companies will normally give you a cash offer for your property within 2 days and exchange contracts within a few days and 3- 4 weeks. Completion can then be fixed to suit you but the norm is completion within 3-4 weeks.

How Much Will They Buy My Property For?
Home buying companies will normally pay between 75-85% of your properties open market value. Open market value is the price the property would fetch on the open market within 3 months. This is typically less than the price estate agents advertise properties at as they expect to receive offers between below their advertised price (apart from in Scotland). So, you will received a quick sale and a guaranteed sale if you sell via this method.

What other benefits can these companies provide?

A good company will offer to:
1. Pay your legal fees (up to GBP 500 which normally covers them all)
2. Pay any survey and valuation fees
3. Allow you to stay in the property after selling (i.e. you rent back from them)
4. Meet their promises on price and completion date
5. Adhere to some Code of Practice from a recognized body if you rent back such as NLA Rent Back.

Beware!
Avoid companies that do not offer the services listed above. Some companies charge for valuation fees regardless whether they plan to buy your property or not. Also beware of companies that try and get their foot in the door by giving you a high offer only to reduce it at the last minute.

Andrew Parry is an experienced property investor and Director of Quick Homebuyers Ltd. He has advised many people looking for a fast home sale or those who want to find an ethcial quick cash buyer.

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Got The Happy Holidays Home Selling Blues?

Oct. 27th, 2008
in Real Estate
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Well, here you are. Just where you said that you would never be when you excitedly planted that For Sale sign at just the right spot in your front yard last spring. I’ll bet that you even peeked out of the window as the first several cars rode by, halfway expecting them to come to a screeching halt, just to get the first look at your domestic treasure. Since then, that sign has served as first base in front yard kickball games. It was draped in red white and blue for the neighborhood 4th of July festivities. And now, as the brown, bare spots at its shaky base will sadly attest, it’s become the most popular doggie relief area in the entire neighborhood. Who knew that For Sale, translated into doggie language means, squat right here ?. That sign, planted with such promise, now taunts you, and to make matters worse, the holidays are right around the corner.

Some will tell you that you should take your house off of the market over the holidays. A good case can be made that the holidays are already stressful enough without having to be prepared to show at a moments notice. The thought of strangers tromping through while Aunt Nadine and the kids are spending a few days is not a pleasant one. And it is true that many real estate professionals do take extended vacations during the holiday season, and will not be available.

I tend to agree with those that choose to hang in there, putting their best home selling face on, regardless of the circumstances. And there are reasons to suspect that their dogged persistence will be rewarded. You won’t see a large number of buyers over the holidays, but the ones that are out there are serious and motivated. Not many curious lookers are out there casually knocking on doors during the busiest time of the year. The fact that couples often have time off and are able to look at houses together is also a plus.

We know that the first rule of selling your home is to put everything away and de clutter as much as possible. This often results in a sterile, unlived in environment that lacks warmth and appeal. Now is the time to dress it up and show everyone that your house has all the warmth and cozy appeal that they want in their new home. You should proudly display your menorah in its usual place of prominence. Do not down size the Christmas tree. And by all means, put out that nativity scene, the one with the three legged camel and the one eared donkey that has been a part of every family Christmas that the kids can remember. When potential buyers come by, have holiday music playing softly and a roaring fire in the fireplace, if you have one. If not, turn up the heat to create a warm and cozy atmosphere.. You should also set out a plate of cookies, and have a pot of spiced tea simmering on the stove.

Use the holidays to kick up your curb appeal a notch. Be sure walkways are clear, and free of snow. Put a festive wreath on your door. You may want to forgo the giant snowman with the blinking red nose that sits on the roof every year. However, unless you are the neighborhood Clark Griswald , feel free to decorate outside as cheerfully and tastefully as you want to.

Often the emotional aspect of the home buying process is overlooked. The holiday season is the optimal time to use that to your best advantage. Use this special time of year to create an environment that conveys warmth and good cheer. One that prospective buyers will want to share in, and be excited about the possibility of their family enjoying similar festive holiday occasions in the future. And that sign out front. Put a big red bow on it.

Jim Burr is president of LBO Marketing Partners, LLC., Camden South Carolina. Get maximum exposure for your home by visting http://www.listedbyowner.com
To grow your business through local fsbo marketing opportunities, contact Jim at jim@listedbyowner.com

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Working with Real Estate Investors….Could this be the perfect Niche Market for YOU?

Oct. 27th, 2008
in Buying Real Estate
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Some realtors are looking into and considering a niche market in working with real estate investors.
As a real estate investor, I can tell you 2 things. Working with investors can be rewarding and lucrative OR it can be frustrating, difficult, time consuming and involve unwanted surprises.

The difference between whether this niche can be rewarding and lucrative or not worth your time and effort is education and training….of the investor.

1. Investors are in it for the money…of course. But I am sure anyone here who has worked with a real estate investor knows that they can be scattered, unethical, demanding, you name it. The reason is because they do not how to make good use of their time, how to search for the right properties, estimate costs to repair and fail to perform due diligence on the properties in question. They are not true entrepreneurs or business professionals and have no respect for your time, expertise and knowledge.

2. There are many first time investors out there who think this is easy business. You find a property or have a Realtor find you a property, you fix it up or not, you put it back on the market and it gets sold for a profit and away you go…To say that this is unrealistic and naive is an understatement.

3. As a real estate coach and trainer I and can honestly tell you the caliber of trained real estate investor professionals is head and shoulders above those who are untrained and quite frankly have no clue. Now, let me be clear, when I talk training, I am not talking get a couple of CD’s and books on how to get rich quick. I am talking about those who are serious about this profession, invest in their future and themselves and get the proper education and training to do the job right.

As Realtors you had to go through extensive training, take courses, pass state exams, plus you take continuing education courses because it is required to maintain your license and the bottom line is it is required in order for you to succeed in this business. Realtors who walk around aimlessly and think I get listings, I sell them and I pick up my commission check and that is all there is to it (you know the ones I am talking about) well they are just like untrained investors; they have not a clue…would you agree?

So what is in this niche market for you? Plenty!
If you decide to work with an educated and trained investor, here is what you get.

1. The investor appreciates that his or her time is money, so they understand that working with a knowledgeable Realtor in the areas where they wish to invest is invaluable to them. You save them this precious time.

2. An educated real estate investor will bring you repeat business, in some cases considerable repeat business in a 12 month period. That perk alone is worth considering this niche. You get to know your investor, what they need and want and you do not have to reinvent the wheel in selling yourself to them as you do when you meet a buyer or seller for the first time.

3. An educated real estate investor also understands that you can be of considerable help in “bird dogging” new opportunities for them.

4. An educated real estate investor has been pre-approved for his investments and you don’t have to try and get him pre-approved every time or shop lenders, which you may have to do with each new buyer you work with.

3. An educated investor realizes that they should not only buy from their Realtor but they should list their properties with a Realtor in order to get the highest return on their investment. It has already been proven that for sale by owner properties actually sell for and net less than homes sold through knowledgeable Realtors. Again, time is a big issue here and the trained investor knows that their time is best utilized in finding other properties and managing the rehab of those that they have found.

4. The educated real estate investor understands the value of long term relationships built upon trust, confidence and respect.

So if you are thinking of a new niche in your market, think about working with an educated and trained investor and reap the rewards.

I wish you all the best and may all of your real estate dealings be exactly what you want them to be. When you are in control of your destiny and business, success is almost a certainty.

Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management
company. To learn more about Peter please visit
http://www.coachingbypeter.com.

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Real Estate Seminars And Courses - An Easy Way To Succeed In Real Estate Business

Oct. 27th, 2008
in Real Estate
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Real estate business is one of the fastest growing businesses in these days. Day by day many people are experiencing success in this field. Have you ever thought of becoming a real estate guru? If so, you can find much way’s to become a successful real estate guru. There are some basic strategies you have to learn if you are a newbie.

If you want to develop your skills in this field, real estate seminars and courses are the best way. By participating in seminars you can surely become successful in this field by gaining some knowledge. So in this article we are going to discuss how to make use of these resources which are available for free.

In order to succeed in real estate business you have to learn all the tactics associated with it. If you regularly participate in some seminars, you can get the idea on how you can become successful in this field.

With the help of real estate seminars and courses, you will be able to gain the complete knowledge on real estate business. There is no any difficulty in this field. All you have to do is completely understand the techniques which you have to use in order to succeed in your business. You can be your own boss once you learn all the tactics of this field.

Real estate gurus are professionals when it comes to networking with others. In order to ensure that you are consistently making money in real estate investing, you should make sure that you talk to people, learn with people, and focus on people who are experts in the field.

By making use of these seminars you can ensure that you are making money in real estate investing. Interaction among the people is the important thing in this field. There are some effective strategies in learning every single angle of this particular industry. You have to build a strong network in order to succeed in the real estate business.

If you elect to pursue the real estate business, you will learn the importance of client relationships and social networking for your business. This can be really important when it comes to getting smart deals on property, and linking property types to prospects that are in the market for that type of purchase. In the end, you may find that the networking and client skills that you end up possessing are what truly keep you on top of your financial prosperity.

Ranju Kumar the marketing manager of http://www.mattgarciaseminars.com have been involved in the field of real estate since 1997 and he has made over 700 real estate transactions, and have helped countless people realize their dream of becoming successful real estate investors. Sign up today and register today for a FREE seminar at www.mattgarciaseminars.com

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Real Estate Investment MATH: Investor + Realtor Loyalty = Success!

Oct. 26th, 2008
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You may be reading in the real estate blogosphere and hearing from the experts out there, that now is a great time for real estate investing, due to the incredible amount of deals and foreclosures that exist across the country. Banks are giving homes away.

I do agree as I work with these deals all the time. However real estate investing can be a risky business and a very slippery slope. One thing that is indisputable, investing in Real Estate involves MATH.

Yes our favorite subject. But it is really quite easy and Here it is:

INVESTOR + REALTOR LOYALTY= SUCCESS

1. First, you must, not it would be nice if you did, but you must interview local real estate agents in the area you are thinking of investing, because they are in the trenches every day with buyers. Realtors know what buyers want, what neighborhoods are in transition, declining, revitalizing and which areas will likely bring investors the best return on their investment down the road.

2, Once you have interviewed several Realtors to see which ones are selling, not just listing the properties in your chosen area then commit to them. Let me say this again….commit to your Realtor because they will work hard to make the entire transaction smooth and bring it to its ultimate conclusion….closing.

There are many, many steps along the way from contract to closing. If you are loyal to your Realtor, they will be loyal to you and will be a considerable asset in your investment plans. As a good investor you must realize the importance of having a good real estate agent in your corner. It can mean the difference between success and failure. Your TIME is money and your Realtor saves you an incredible amount of time, from negotiating the contract, to setting up the inspection, to working with the lender, appraiser and the closing attorney, the list goes on and on.

3. If you buy to renovate and resell, guess what? The Realtors are a wealth of information when it comes to contractors who they recommend for your project. They have had the opportunity to see how these contractors work, their fees, their reliability, etc. Bad contractors can eat away at your profits quickly, so you need good ones.

4. Okay, so now you are ready to resell the property. It is here where many investors think the hard part is over. They think they will just put a for sale by owner (FSBO) sign in the yard and sell this thing on their own. Big mistake in this market. Now more than ever you need a Realtor working hard to get the home sold. They have access to buyers that you do not, when a buyer does comes along, again the negotiation process starts and you do not have to deal with that buyer face to face. As an investor there are significant benefits in NOT having to deal with the buyers directly. Remember time is money and many investors mistakenly think, hey I can sell this home on my own and save thousands in commission, but forget to realize that they will likely hold onto that property for a longer period of time than if they had used a Realtor from the start.

Here is what happens so many times. Investor puts the home on the market on their own, it sits there unsold for a few months or more and THEN they call upon the Realtor. Well they have just lost equity by having to pay their mortgage note for the months that the home sat unsold on the market. Realtors will tell you, the longer it sits, it becomes stale and you will most likely have to reduce your price to sell.

Depending upon your margin, you may have lost most if not all of your profit/equity…not a good situation, but one in which many investors fall into.

5. If you use a knowledgeable Realtor to buy the home, use the same Realtor to sell the home (why not, they know all about it from start to finish). If you stay loyal to the Realtor, guess what? They will become a “bird dog” for you and start finding YOU the deals. now that is what I call success!

Investor + Realtor Loyalty= Success. There is NO fuzzy math here….Agreed?

Now go out there and do good things! Invest in real estate today but do not go it alone, get the training, coaching and mentoring you need to reap the rewards this business can bring to you.

Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management
company. To learn more about Peter please visit
http://www.coachingbypeter.com.

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Central Austin Profiles : Travis Heights

Oct. 26th, 2008
in Buying Real Estate
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Travis Heights is one of the most eclectic neighborhoods in Austin, and has a rich history. The neighborhood was originally an exclusive suburb south of the Colorado River, now known as Lady Bird Lake, and the neighborhood was established in 1913 by the Newning and Swisher families, along with General Stacy, for whom the parks in the area are named. The neighborhood was actually originally settled in the late 1900s, informally, but did not really expand or become fashionable until the early twentieth century, when it grew rapidly. The neighborhood’s borders are generally considered to be I.H. 35 to the east and the lake to the north, and Oltorf to the south and Congress Avenue to the west, so the area is very accessible to the downtown area and the freeway, as well as the recently developed shopping and nightlife area referred to as “SoCo” for its location on South Congress Avenue.

Travis Heights is part of the well-known 78704 zip code in Austin, one that is considered liberal and artistic, and it reflects these ideas with its numerous styles of architecture, and its whimsical neighborhood charm. Travis Heights is replete with twenties-style bungalows, among other styles of home-building, and the residents have fiercely objected to the demolition of this characteristic style, vehemently refusing to allow them to be replaced with “McMansions”, or newly built, generic luxury homes.

This neighborhood is also very family-friendly, and the students of the area attend Travis Heights Elementary School and Fulmore Middle School, with high-schoolers attending Travis High School, or one of numerous parochial schools in the area which offer a diverse choice to residents. There are many restaurants on the borders of Travis Heights or in close proximity, including those on Riverside and Congress, as well as the “restaurant row” area of Barton Springs Road, just a few miles east. Some of these restaurants include Vinny’s, Guerro’s Taco Bar, Vespaio, and less formal restaurants such as Thundercloud Subs and Freebird’s, which are well known for sandwiches and burritos, respectively.

When Travis Heights was first settled, in the late 1800’s, the only way to travel from the north side of the river to the south was by ferry, and originally, the large homes with detached garages, intended for carriages at the time, were considered country homes, and the homeowners now have frequently converted the original garages into garage apartments, many rented by U.T. students, which adds to the funky flavor of Travis Heights. The Art Deco style is also prominently reflected in the styles and colors of the homes, with a plethora of bright and pastel colors and glass bricks being featured, along with many other quirky details. Many homes are also built of brick and stone, and the streets meander through the gentle hills of the neighborhood, most of which are tree-lined and offer shade to the homes and streets, and also offer great views of downtown and the lake, as well as the trees and abundant foliage in the area.

There are two well known parks in the area, called Big Stacy and Little Stacy, and Big Stacy is home to a large, tree shaded pool, while Little Stacy has a wading pool, hike and bike trails, picnic tables and sports facilities, both being close to the Blunn Creek greenbelt which winds through the Travis Heights neighborhood.

The Stacy parks were named for General William H. Stacy, who bought 200 acres of land with his partner, George Warner, and began settlement of the neighborhood in the late 1800s around what is now called Blunn Creek, which was originally called Fowder’s Creek. The area expanded rapidly after a stone bridge was built across the river, and residents had more convenient access to the neighborhood. Another park in Travis Heights is the Norwood Estates Park at Riverside and I.H. 35, and the park is primarily used as a place for residents to walk their dogs and allow their dogs to safely recreate with their owners.

Travis Heights is one of the most highly regarded neighborhoods in the Austin real estate market for a variety of reasons, including its proximity to various popular areas, its eclectic history, and its natural beauty and serenity. It is a great neighborhood to visit or settle down and raise a family, so keep Travis Heights in mind when considering a visit to central Austin.

Escapeso real estate is a small company in central Texas that helps people interested in Austin real estate. Their site provides visitors a search of the Austin MLS along with information on Travis Heights real estate.

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The Importance Of Presentation And Depersonalisation When Putting Property Up For Sale

Oct. 25th, 2008
in Selling Real Estate
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Putting a property up for sale is a stressful and arduous process. Sometimes it can take a great deal of time to eventually sell a property and at this stage it can be worrying for the homeowner. However, once viewings of the property have been secured there are certain strategies that can be employed should a speedy sale be secured. Selling property however requires a detached methodology; ultimately property is a sales process that requires the homeowner to remove emotion and present their home in an attractive way.

Removing emotion from the process can be difficult but the best way to start is to depersonalise the home. This can be done in a number of ways, at the forefront of the mind though should be neutrality. For instance, the mural on the back wall of the living room may be your pride and joy but for a property to sell quickly a white wall will be far more effective. This approach is highly psychological; it allows the buyer to imagine themselves in a home, instantly giving them ideas of how they can decorate once they have moved in. In a similar vein it is important to remove items such as family pictures and paintings; these give the buyer the impression that the home is highly personalised and subsequently less appealing.

Most real estate experts agree that the kitchen is the most important room in any home. This is why as a seller it is important to focus upon this area when putting a home up for sale. Once again depersonalisation is vital, as is de-cluttering areas such as the countertops and work spaces. By doing this the room is made to look larger whilst buyers will see the potential of the kitchen as a usable and enjoyable space to spend time in. Additionally, while it may be tempting to simply stuff all of the clutter into cupboards this is rarely advisable; buyers will often check these areas and if they are full it is likely that they will be put off by the lack of storage space.

These strategies can not purely be employed in the kitchen however; they apply more widely all over the property. Clearing clutter is vital should the buyer be given the impression that there is plenty of space for all of their possessions. For example, if clearing the living room, it can be advisable to take excess pieces of furniture and place them in a storage facility; this can make the room look far larger and hence more appealing. In this instance it is advisable to use an external storage facility, whilst it may be tempting to cram it all into the garage or attic, these areas will be checked by the buyers and hence ensuring they are clear is also vital. Ultimately it is about creating the illusion of space, if buyers believe the home will allow them to move all of their possessions in, with the room to expand, a sale is all that more likely.

All of this de-cluttering boils down to one thing; making a property as presentable as possible; this applies to both the exterior and interior. Especially important is the frontage of the home, this must be made appealing and attractive. A term often bandied around is curb appeal; fundamentally this is the vision of the house that buyers will see on arrival, hence it should be impressive should the buyers be enticed into putting in an offer.

Hopefully this article has given those putting property up for sale an understanding of the importance of presenting a home that is spacious and depersonalised. By following this advice sales should be forthcoming.

Real estate expert Thomas Pretty looks at some of the tactics that can be used to help property for sale to appeal to buyers and hence sell quicker.

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