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Questions Which Reduce the Price

If you want to reduce a price, you can start by asking an incompetent agent just four questions.

1. "Why are they asking this price?"

You don't have to say anything else. This question immediately puts the agent in the position of having to defend the price. And, if the agent is concerned about the price – as most of them are – you will often be given a reduction. The response is likely to be, " Well, it's a bit high, I know. But they will listen to offers."

You can use this question for any product. It doesn't have to be real estate. No matter what you want to buy, you can ask the reason for the price. It works in dress shops, it works in hotels, it works everywhere. All you say is, " Why are you asking this price?". And, if there is any chance of a reduction, you will get it.

Incompetent agents assume that a question about the price means the price is too high. As most agents want to lower the price to make a sale, they will admit that the price is high. They will try to get it cheaper for you. They won't realize that you may buy at the price being asked. Buyers often say the reason they didn't pay more for a home is that "the agent didn't ask for more."

So, when being asked with this question, the best agents answer this question by saying: "They are asking this price because…..[points out the positive features - location, condition and so on]." End of answer.

2. "Why are they selling?"

This is where incompetent agents reveal the sellers' confidential reason for selling especially when the reason is not in the seller favor. The answer will be something like, " Oh, they are getting divorced," or "They are in a bit of financial difficulty," or "They have bought something else and they need to sell this to pay for the other place." It most defies belief that a professional person could reveal such details. When you know that the sellers are forced to sell, who can blame you for offering a lower price?

The best agents answer this question by saying: "They are selling for personal reasons but I know they are serious." End of answer. This eliminates the dilemma the agent could be facing in upholding his fiduciary duty while at the same time being truthful without lying. Of course, if the actual situation is good for instance, like the owner is upgrading and need a bigger place, relocating to be near parents or school or migrating, then it's fine to say.

3. "How long has it been For Sale?"

The longer a home has been for sale, the more likely it is to sell for a lower price. The perception is that the owners will be getting desperate and will accept a lower offer. Often this is true. The incompetent agent will answer this question by saying something like, "Oh, it's been on the market for a while but they will listen to offers now." The seller is again vulnerable to a low offer.

The best agents will answer this question by saying, "It has been for sale for six weeks (or however long) but we don't expect it to be for sale much longer." The seller is protected.

4. "What will they take?"

This is where the incompetent agents can really cost the sellers thousands or even hundred of thousands. Their answers to this question can be incredibly negligent. Assume the home is priced at S,500,000/- One of the common responses goes something like this: "Oh, they did have an offer of S,350,000/- which they accepted, but the buyer found something else, so I know you can get it for S,350,000/-". If the home is what you want and you can afford S,500,000/- , the agent has just handed you at least S0,000/- of the sellers' money. Incompetent agents always reveal sellers' lowest price in response to the "What will they take?" question.

The best agents will answer this question by saying: "Well, I know they will take the asking price. Did you want to buy it?"

These four questions show how incompetent agents under-sell homes.

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Tips on How to Make Your House Sell Quick Besides Selling it For Cheap

Selling something as substantial as a house may sound like something that is easier said than done, let alone selling it quickly, but it is still quite possible, provided you know the proper way to sell the house. Just like most things, people are always on the lookout for good buys, and that includes investments as major as buying a house. A look at the most recent classified ads will confirm this fact, and if this is to be used a gauge for market viability, then real estate would seem to be a sector that is not as hard hit by the recession as the rest, considering how many homes are being put up for sale on the market.

Still, the question that is pertinent for anyone who would want to seize this opportunity to make a sale is: what do you need to do to make your house sell quickly, and maybe make a real profit at the soonest time?

Get a professional – If you are not a seasoned and experienced realtor, then it may be a good idea to contract the services of one. This should be someone whom you deem to be quite trustworthy, since this person will be the one who will be selling your house. It only stands to reason that this person takes the initiative to keep you abreast of just how many potential buyers you have, if your targeted price is being met, just how close to making an actual sales this realtor is.

Do a walk-through of the house – Typically important because any self-respecting realtor will NOT try to sell your property without even trying to look at it personally, and by personally, that means they have actually been to your house to give it a thorough analysis. They will assess the value of your house in terms of salability. Considering the fact that they also stand to make a profit by being able to actually sell your house, this walk-through is as important to them as it is to you, so be on hand for the assessment and take into consideration the estimates they say. You may not be an expert on the field, but you should have an idea of just how much your home stands to fetch in the market. If you feel that your house is being priced at an unbelievably low price, ask the realtor why they think that is the worth of your house. Ask If the realtor for any suggestions to make the value of the house appreciate even more, as they may have some last minute fixes that may jack up the sell price of your house.

Cleanliness is next to salability – This almost needs no explanation at all. Who would want to purchase a property that looks like a garbage dump or a landfill? You should really ensure that both the outside and the inside of your house is clean as a whistle. Just like most things on sale on the market, the front of the house says a lot about the house itself. For one, a clean, well kept front is a terrific way to make a good impression to potentials buyers. A good impression is often a good way to hook them in, just enough for the realtor to throw in the sales pitch and convince them to buy the house.

Bring in the light – One of the first things the realtor may suggest is to give the house being sold a fresh coat of paint, and choice of paint color is a significant part of your efforts to make your house sell quick. Unless you are planning to sell to some shady characters, such as mob bosses looking for a discrete hideaway, someone in the witness protection program, or maybe an undead European aristocrat, painting the house in dark, dreary, and drab house paint colors is not really advised. The walls should be painted in either white, or in case you don't want that antiseptic look, off-white colors that are bright enough to attract prospective buyers without really looking sterile. In case the house is actually quite wanting in space and size, painting the house in bright colors may even give it the impression of being larger than it really is.

Clean out the inside – Unless you are still living inside the house when it is being sold, and unless you also plan on throwing in your furniture. Completely clean out the house of any and all indications of occupancy. Try to make it appear as brand new as possible, as this actually adds to the sale value of the house. This will also give a spacious area to move around and allow potential buyers to visualize where they can put in their stuff. A lot of people are like this, and a lot of sales were actually closed thanks to the buyer seeing a viable house for their personal items.

Nick Stoles writes regularly on Real Estate related topics like

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Search for large property proves problematic for firm.(Real Estate): An article from: San Fernando Valley Business Journal

This digital document is an article from San Fernando Valley Business Journal, published by CBJ, L.P. on March 14, 2005. The length of the article is 923 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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List Price: $ 5.95

Price: $ 5.95

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Affordable Home Insurance – A Need To Re-Examine

A disturbing bit of information from the American Insurance Agents Association saying that about u of home owners do not have adequate home insurance coverage is a sure source of concern. Do people know what it means to be fully covered? In fact let me ask you. Do you know what it means to be fully covered? Is your home fully covered?

Let's really look at what it means to have your home fully covered.

Insuring your home usually has to do with its value. The idea of insurance is that should there be any disaster, the insurer bares the cost of replacing the insured item. The insurer gets the value of the item to be insured from you and with this information, they calculate an amount called premium to be paid at a regular agreed upon interval. Monthly or yearly as the case may be.

If the insured home were to get damaged within the terms stipulated, the insurer is bound to pay the value as stated and with which your premium was calculated.

So the question every home owner should ask is this. Can I correctly value my house?

A few points you need to know in valuing your home is that in most cases, real estate increases in value. This means that if you correctly value your home today, that value would be in accurate in the future. What this simply means is that to have your home and the possessions inside fully covered. You have to constantly update its value to reflect current market realities.

The lesson in summary is this, your home could be fully insured today but not tomorrow unless you take steps to update its value.

Help yourself get very affordable home insurance coverage by comparing quotes online. This is one of the proven ways of getting very affordable rates and best of all its absolutely free.

Here are two very good sites to start your quotes comparison.
insureme home insurance Quotes
Hometown home Insurance Quotes
Chimerenka Odimba is the publisher Several finance based sites.

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A Condo or a House? a Few Things to Consider

When you are looking at buying a residence, one of your considerations is whether to buy a home or a condo. These are some of the main issues to weigh when deciding which one is right for you.

Location:

Often in most markets, location can be improved if you get a condo over a house. It is generally true in most real estate markets that for the same price of a house away from the highly desirable locations of your town, you can find a condo closer in. When purchasing a house, especially those that are in sought-after locations, the price of the land is a huge part of the price, so you are mainly paying for land. With a condo, you are getting location, not a yard. This is of course a personal decision to make. Many people will choose to be a little further away from those hot-spots because they want a decent yard.

Quality:

Similarly, it is often the case that if you are on a limited budget, the condo route may provide you with a higher quality place. When purchasing a condo for a similar price as a home in the same area, you are putting that land cost into the quality of the condo. When you are comparing condos to other condos in a similar are, the biggest variable for the price is usually quality.

Views:

High-rise condos tend to market their views. Of course, the better the view, the more you pay. And some homes have pretty nice views too, but there are less of them. If it is a view you want, you might look at some condos.

Animals:

While you may love the views from your new downtown condo, little Rover might be happier with a yard full of sticks. If a condo is what you decide on and you have a couple dogs, check for a common area or a nearby park since walking the dog every day might require some nearby, convenient green space. If you go with a house, the solution is much simpler… just open the back door and your little buddy can run around all he wants with you having to make an event out of it.

Noise:

Though you may think you sound great on the bongo drums at 4 a.m., your neighbors might beg to differ. If you have a house, your yard can be a buffer zone for noise. If you have a condo, be prepared for some angry late night knocks on the door. This is also true vice versa. You might be the one knocking on someones door at 4 a.m. Every complex usually has a certain clientele, but even if you get a condo in a "quite" complex, new neighbors can change that quickly.

Size:

While you may want a cozy place now with a great view of the city, remember you'll never be able to add on or expand with a condo. A house, on the other hand, can grow along with you and your family.

Proximity:

Most condos are centrally located. This means you get access to all things downtown: buildings, shops, restaurants, theaters, etc. If these are things you frequent, it may save you gas and time as well as make you happier to be able to mosey downstairs and hang out with some coffee & a magazine without an out-of-the-way drive. Of course, this also means you get access to ALL things downtown: noise, traffic, crowds, construction, etc.

Maintenance:

With a condo, you don't have to do home repairs, painting, fixing the roof, mowing the lawn, cleaning the pool, but instead you get to pay sometimes exorbitant HOA fees. Make sure the extra monthly expense you spend on maintenance is worth for you. Some people like the idea of not having to take care of anything and be free of the responsibility, but many times, you could hire someone to upkeep the outside of your home for less than HOA fees.

Appreciation:

Appreciation is a factor that will differ in each city, but it is an important component that should be mentioned. Ask your real estate agent what the trends are in your town. Does a house appreciate faster than a condo? Is there more demand for one over the other? These are typical questions for any real estate purchase but the line between condo and house may be more pronounced.

Ki Gray is a broker in working in the Texas Austin Real Estate market. If you are looking for an Austin home, he can help you in your search. His site also has a description of the downtown Austin condos coming up in Austin along with a free Austin MLS Search.

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