World class athletes are something to be admired and revered. Think of the Olympic Games and how people sit enthralled, watching their fellow human beings commit extraordinary feats of athleticism. The truth is, most anyone could become such a competitor, but it takes extreme focus, commitment, dedication and a refusal to quit. The same attributes [...]
Entries from January 2009
How To Train For Success as a Real Estate Agent Like a World Class Athlete
Jan. 30th, 2009
They Aren’t Making Any More Land… Not!
Jan. 29th, 2009
All market pricing is a function of supply and demand. One of the reasons many house price bubbles get started is due to a temporary shortage of housing units. This is a particular problem in California because the entitlement process is slow and cumbersome. Supply shortages can become acute, and prices can rise very quickly. [...]
Inflation and Home Equity – What Is the Relationship?
Jan. 29th, 2009
House prices historically have outpaced inflation by 0.7% nationally. In a normal market, this is the only appreciation homeowners obtain. This appreciation is caused by wage inflation translating into higher housing payments and the ability of borrowers to obtain larger loan amounts to bid up prices. In some areas where wage growth has outpaced the [...]
Living The Dream – The Risk-Free Way To Buy Property In France
Jan. 28th, 2009
It’s Monday morning, you wake up in the morning, pull the curtains open to reveal the dark, dank morning, then you switch on the TV only to hear yet more depressing news about the falling economy and increasing fuel and food costs. You step outside and head to work, having spent 10 minutes scraping the [...]
The New Realities of Real Estate
Jan. 28th, 2009
In recent times many people have been treating real estate, including their personal residence like a business. Many homeowners and house investors had visions of becoming rich from their real estate. It also seems everyone thought they were an expert. Many real estate investors were looking like gambling addicts who thought they could make up [...]
Downpayments Are Back! What Happened to 100% Financing?
Jan. 28th, 2009
Downpayments are required again thanks to the credit crunch. Many people thought 100% financing would be made available forever. They were mistaken. One-hundred percent financing will never return because it exposes lenders to too much risk. Most people do not think of downpayments as a way of managing risk, but lenders do. Downpayments reduce risk [...]
The Day The Phones Stopped Ringing…
Jan. 28th, 2009
In recent years London and Monaco have both held the title of the most expensive property in the world, with Monaco recently outstripping London’s most exclusive areas to top the list of the world’s most expensive real estate. And as well as having the most expensive property in the world, Monaco can claim to have [...]
Key Things You Need To Be Aware Of When Buying Foreclosed Properties
Jan. 27th, 2009
Proceedings of foreclosure vary from one area to another. So as the first step, find out the legal procedures followed in your area for buying foreclosed properties. It is advisable to make inquiries at government agencies like the Federal Housing Administration, Department of Housing and Urban Development, etc. and find out how to go about [...]
Real Estate Statistics Do Not Tell The Truth
Jan. 26th, 2009
The numbers are posted each and every month. The national association of realtors, moodys economic data providers and many other companies and associations provide vital real estate statistics to the public. The question is, how reliable are the statistics and what do they mean. Anyone who has taken a statistics math class or who deals [...]
Landlord Lawsuit Prevention – How to Avoid Litigation
Jan. 26th, 2009
Why can’t we all just get along? Because greed is part of human nature, and where there is greed, there will be someone who would rather make a quick buck through an easy lawsuit than actually create something of value. Enter: landlord lawsuits, bane of our existence, and serial in nature since everyone just loves [...]