Sell House Now Tips and Information – Learn How to Sell a House Fast

It is now doubt the real real estate market will slow down during the holiday season. This is good for realtors and real estate investors who have been working very hard to help clients buy and sell houses but not so good for buyers and sellers.

If you are in the market to buy a house, December and January can be a good time to pick up some great deals on a house because there are not many buyers. It can also cause an issue for home buyers because the number of available homes typically is lower during the holidays as home sellers don’t want to move during this time.

The cold weather also has an affect on the real estate market. The colder it is outside the less home buyers are out shopping for a great new home and the less number of open houses real estate agents hold. In months when the weather is warm the number of houses for sale increases and so does the number of sold homes each month.

Does this mean you should wait to sell your house until Spring? Well, if you can wait it might be a good idea too, but many home owners need to sell their house now. The truth is life happens and there are many reasons a home you expected to stay in for seven to ten years suddenly becomes a home that you can only stay in for two or three years.

Home owners who need to sell their house fast typically have one of the following reasons: foreclosure, job transfer, divorce, relocation, family illness, short sale, etc. There are many reasons home owners need to sell a home but if you are experiencing any of the above stated issues you are more likely to need to sell quick.

The problem with needing to sell a home fast in the current real estate market is many home owners do not have much equity so selling a house can be very difficult. If you owe more for your home mortgage than what your home is worth it can seem impossible to sell your home. The truth is you still have home selling options. You can have a professional realtor or investor complete a short sale, lease option your home until the market increase or you can rent your house until the market increases and sell then.

It is important that if you are wanting to sell a house you discuss all your options with a real estate professional. Real estate can be a tricky thing to handel especially when you have an emotional attachment to the home. Discussion all your options with someone who is an expert and does not have an emotional attachment can help ease the process of selling a home.

Buyer Beware – Panama Real Estate Information At A Premium!

Because real estate is a relatively new industry for the Republic of Panama, buyers are experiencing both the prizes and pitfalls of entering a market ahead of the curve. Prices are low, demand is high, and certain currencies are very strong which makes Panama a convenient investment hub. But getting in early can be a double-edged sword for many, considering the distribution of good, quality information is very much suppressed.

The dissemination of information dilutes power…information is a beacon, a cudgel, an olive branch, a deterrent, depending on who wields it and how. – Steven D. Levitt and Stephen J. Dubner, Freakonomics

Freakonomics talks about this phenomenon and the rise of the internet as a way of giving regular Joe-Shmoe the opportunity to the ability to examine real estate in depth, thus shifting information to the hands of people who have it, into the hands of those who don’t. In Panama though, there are few, if any internet resources that collect or divulge this kind of information: in some cases because it’s too difficult, in other cases because it would make the owner of the information significantly less powerful.

Outside of website owners and real estate agents, even so-called experts depend on the fact that you don’t have the information that they do. Luckily, in these cases, oftentimes the information has a price tag that you can pay for to acquire like my $99 eBook, The Panama Real Estate Report.

In Panama, the real estate agent is king. They are not only the possessors and the hoarders of valuable information such as market prices, trends, and buying power: they are also oftentimes so busy with an excess of potential buyers chomping at the bit, that they can quite easily afford to kick you (the persistent and inquisitive one) to the curb, simply because you take more time and energy to attend to. They are the almighty beholders of information (albeit information they’ve acquired through experience) and they’ll be very selective in how they relinquish that stronghold to little old you.

It’s a shitty situation to be in as a buyer: You want desperately to be provided with fair and honest information as you are accustomed to so you can make the right investment choice, but you realize logically that the agent could make more money faster probably skipping to another, easier sell. The stars have aligned and they are simply not conducive to buyer research and analysis.

Because Panama has nothing close to a Multiple Listing Service (MLS), information is rarely shared about properties between developers, agents and buyers. Against what anyone will tell you, there is no efficient distribution of information in Panama and it’s very difficult to gather comparison data unless you’re doing all the gathering yourself (which will take a lot of time, money, and misery). This is all reinforced by a poor overall real estate infrastructure (trivial legal repercussions, unorganized public records, incompetent public officials).

What do real estate agents, the beholder of the gold, want to sell you in Panama? In order to synthesize the information you receive from your real estate agent, it can be useful to take into account where they make the biggest (and immediate) paycheck. Real estate agents in Panama collect commissions percentages just like agents elsewhere, but it is the time table by which they receive their commissions that’s worth noting.

Pre-Construction: Most Panama real estate agencies only get paid for pre-construction sales when the developer has gotten paid. Meaning, if a pre-construction condo won’t be finished for two years and the payment plan is staggered, the agency won’t get paid for a while (which means your agent won’t either). Some agencies experience enough cash flow that they’re able to pay agents on the up front, and there are even some developers who pay commissions full and up front. Many though, do not.

Raw Land and Re-sales: Land, existing condos, homes, or commercial property are preferable to agents because they get paid right away (as opposed to waiting for a developer to finish a unit). It would be advantageous therefore, for the agent to push these sorts of transactions and accordingly get paid quicker.

I don’t know about you, but if I was an agent, I would much prefer to be paid all at once, and thus portray the more favorable investment as superior. Understanding this is half the battle. Inquire about how your agencies commissions are setup to know how to interpret the agent’s advice.

“Sunlight is said to be the best of disinfectants.” – Supreme Court Justice, Louis D. Brandeis

Before you make your investment, try to shed as much sunlight as you can. Meet as many people and read as much information as humanly possible. Become a consumer of everything related to your real estate area of interest. Panama real estate is not like the industry you’re used to at home. You’ll rarely find agencies sharing property listings, you’ll often see developers changing their minds mid-project, and comparing different investments can be an act akin to crocheting a sweater for a mosquito.

As the Panama real estate market grows, the line between the experts and the buyers will begin to blur. Information will slowly but surely seep into the hands of the public, but until it does, and until this serious information asymmetry dissolves, buyers should certainly beware.

Simple Geography Of Aurora Illinois – Real Estate Information For Home Buyers

The City of Aurora, Illinois has many different areas that are perfect for home buyers of all types. It’s this great selection in the types, styles and prices of homes in Aurora that make it a great location for real estate. In Aurora, IL buyers can find representative examples of almost every major home style from Queen Anne to Neo Classical as well as any size or type of home from studio condos up to estates.

Perhaps one of the best features of the Aurora area is the extreme value that many of its homes present. While the average price of a home in the united states hovers currently around $250,000, homes in Aurora currently average around $230,000 and many can be found under this price point. If you are a home buyer shopping in Aurora for your next home, it’s important to understand the layout of the city to aid you in your search.

Aurora Illinois is divided into two main areas – the east side and west side, both separated by the Fox River which is located right in the center of the city. Both areas feature historic districts and homes on the National Register of Historic Places. Well-known residential historic districts in Aurora include the Palace, Tanner, Riddle Highlands and Near Westside Historic Districts on the west side and the Near Eastside Historic District on the east side of the city. The middle of the city itself is dominated by the Fox River and includes the business district of the City of Aurora. This is centered on Stolp Island as well as along both banks of the river.

The west side of Aurora has several well-known areas including the Aurora University area centered around the institution of the same name. The west side also serves as the beginning of the Randall Road Corridor that leads north into some of the region’s biggest shopping districts. The far west side of the city is dominated by new home communities and also includes the Orchard Valley Golf Course as well as several hiking and biking trails including the Virgil Gilman Trail and part of the Illinois Prairie Path. School District 129 and West Aurora High School is the primary school district for the west side as well as the majority of zip code 60506.

The east side of Aurora is almost double the size of the west side and is usually divided into the “near” east side closer to the center of the city and the “far” east side closer to the Fox Valley Mall. The “near” east side is almost entirely made up of zip code 60505 whereas the “far” east side contains some of 60505 and the majority of 60502, 60503 and 60504 zip codes. The entire east side includes several well-known areas including Pigeon Hill, Oakhurst, Stonebridge as well as several large townhome and condominium complexes. The east side of Aurora is made of largely residential areas including several new home developments and active adult communities. It is also home to the Stonebridge Country Club as well as School Districts 131 and 204.

The downtown area of the City of Aurora consists primarily of business districts including those on Stolp Island and both the near east and west banks of the Fox River. If you are seeking commercial real estate, this area includes many options for all types of industry. The area features great local transportation avenues including a METRA station on the near east side as well as convenient access to the Regan Tollway.

Understanding real estate in Aurora usually requires the help of a local real estate expert. You can find great deals and great homes in all areas of Aurora, but helping buyers know where to look is an important part of what your local Realtor can assist with. Because of the the great selection of price ranges and styles of homes, helping buyers narrow down their choices based upon their requirements is an extremely important service. If you are just beginning your search for a home in Aurora, it’s advised that you contact your local real estate professional for information on how to begin.

How Smart Buyers Use the "Mobile Real Estate Information Center", AKA "Realtor Open House"

There are many benefits to opening a house for sale on a Sunday afternoon. It saves having to make an appointment to see it, and it makes it convenient for everybody in the family to come together to tour properties. The seller benefits by having more people see the house in one afternoon instead of individual appointments. Most of the time however, visitors dismiss the help offered by the Realtor hosting the Open House and are reluctant to provide any information or ask any questions.

When visiting my Open House, do not be shy! ask questions and listen carefully, the information you need to make an informed decision is right there in front of you! I am the “Mobile Real Estate Information Center” and I am here for a reason: I want to give you all the information you need to help you purchase a home, maybe even this one.

I know this house very well, I know when it was built, how long it is been on the market, what type of inspections are available, what type of work is needed, why the seller is moving. I also know the neighborhood well, ask me about proximity to schools, shopping centers, public transportation, demographics, theaters, I also know exactly how far is the library or the post office for example.

Before the Open House I print and bring with me a CMA (Comparative market Analysis) of the property so not only can I show how this house compares to others in the same area, but also what other houses have sold recently in the proximity. If this particular house is too big or too small, I have a list of other homes available for sale, I can share some addresses with you right there and then.

I might even have valuable and timely “inside information” of homes about to come on the market, bank owned or foreclosed properties that I know are going to be listed soon. This information is potentially profitable for you Mr./Ms. home buyer… Just talk to me!

Even though I am not a loan officer, I know what the prevailing interest rates are and can quickly calculate your monthly mortgage payments with taxes and insurance, I can give you an idea of what your closing costs would be, I can even pre-qualify you on the spot! If I know what type of financing you need, I can tell you what type of documents you will need to get ready.

I am NOT just a Door Greeter, I can talk to you about investment properties, I can tell you some of the biggest tax consequences and/or benefits of owning a residence or an investment property. I can highlight to you the benefits of a tax deferred 1031 exchange and much more.

For me being at an Open House is like bringing my real estate office out on a road trip… Who benefits the most from my experience? Those who dare to talk to me about their real estate goals and dreams, you can pick my brain, I am committed to stay on that house for 4 hours so take your time!

Studies have shown that people are far more relaxed and willing to communicate with others on a weekend, they are more autonomous, they have time to slow down. Do not rush through the Open House, slow down and take full advantage of my 25+ years of experience and knowledge, it is all there for the taking! If you are not in my area, call me and tell me where you want to go, I will then put you in contact with the most active professional Realtor in that area… for FREE!