Thursday, November 18, 2010
Sunday, October 31, 2010
Friday, October 22, 2010
Wednesday, October 20, 2010
Sunday, September 12, 2010
Pay-it-forward and Change Someones life Today
Watch this video and May God Bless you and the people you send to watch this video PAY_IT_FORWARD
Tim
http://www.njbuyersonestoprealty.com
Movie for your Soul and Belief Pay-it-Forward
Pass this video on to each and every person who you feel could use Prayer
see you on the other side of life
http://njbuyersonestoprealty.com
Saturday, September 11, 2010
What Real Estate Investors Don't Want You to Know
Bank Owned on 2740 Doral Street, Vineland, NJ, 08361 - $339,900
See What You Can Afford with 3% Down and Rate of 4.25 Int. Rate! See More of this Beauty
See What the Biggest Investors No that You Don'tView More Listings Here
Interior
Kitchen Center Island, Breakfast Nook, Dining Area, Eat In Kitchen, Pantry, Utility Room, Powder Room, Flooring: Tile, W/W Carpet, Water Heater: Gas, Bedroom 2 is 11x12, Bedroom 3 is 12x13, Bedroom 4 is 12x14, Bedroom 5 is 12x14
Exterior Sidewalks, Driveway: Concrete, Screens
-Single Family Property
-Status: Active
-Area: Vineland City
-County: Cumberland
-5 total bedroom(s)
-4.5 total bath(s)
-4 total full bath(s)
-1 total half bath(s)
-13 total rooms
-Style: Colonial
-Living room
-Dining room
Listing Courtesy of
View More Listings Here
Find the Detail on This or Other Homes Go Here
BUYERS AND INVESTORS YOU NEED TO WATCH THIS VIDEO
Better Homes Realty
800-610-3599
Serving Atlantic & Cape May County's
Trust All Your Home Buying Needs to the Pro's we work for You!
Learn Why Having Your Own Agent Can Mean to You Watch Video Here!!!
Search The MLS For New Jersey
GAIL GIOIELLI
Find the Detail on This or Other Homes Go Here
Monday, September 6, 2010
Real Estate Today Where is the Market Heading
Today some Real Estate Markets are actually inctreaing this is good News Watch this Video
Sunday, July 25, 2010
Friday, July 23, 2010
Thursday, July 22, 2010
TROUBLE IN POSTING
DO NOT POST THIS
Broker Associate
Better Homes Realty
Exclusive Buyers Broker
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
SOMEONE IS POSTING ON MY POSTEROUS WITH BAD LINKS AND IT IS NOT ME THEY ARE SOME HOW BEING EMAILED OUT TO OTHER PEOPLE YOU NEED TO FIND OUT WHAT IS GOING ON OR TURN OFF MY ACCOUNT PLEASE CHECK THIS OUT AND LOOK AT THESE POST I AM NOT POSTING THEM
Tim Robbins, Sr.
Broker Associate
Better Homes Realty
Exclusive Buyers Broker
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
Saturday, July 17, 2010
Save our Planet GREEN ROOF
Did you know your Roof Warranty may already be invalid? How Clean with GREEN Products
That right if you have black stains on your shingle roof or you have had someone power wash your roof your warranty is gone. People think they spend a ton of money having the best roof placed on their homes at $3.00 to $5.00 per square foot and they just forget about it from then on.
The fact of the matter as your roof sits it is losing the manufactures warranty day by day and you don’t even know this is happening until a problem happens. A storm come along with high winds and the shingles on your roof are flapping in the wind. After you pick up the phone and call the roofer about your problem they will in turn call the manufacture and place a claim for you. Or you contact your insurance company and they sand a claims adjuster one look at the roof and they see black mold which by the way is not covered under either cases. 
If you get out your policy or your warranty you will find there is a clause that states that they do not cover mold of any kind either inside or out. So that roof you had put on your home last year now has no warranty and the mold is eating away at the roof every day. Over time the mold will decay your roofs integrity and you will be replacing that 25 year warranty roof in 10 years or less. 
So how can you prevent your warranty from disappearing on you or your insurance company not cover your claim due to mold. A space age product that is 100% ECO-FRIENDLY can be used to not only clean of any mold or Algae off your roof but also seal it down and protect it from ever coming back. 
This product and service is the only way to maintain your roof and keep it from ever having mold on it again and sealing the roof make it Wind Proof to 100 MPH. You see no matter what high price shingle you use on your roof none of them seal completely in wind and rain.
Eco Restoration and sealing; can not only ad years to the life of your roof but it can also be applied in 12 unique colors that allow the shape of the shingle to show through and seal it from wind and rain.
Using this complete service can beautify your homes roof but also your concrete, masonry, brick and wood and keep it sealed for years. No more power washing and destroying the integrity of your roof, sidewalk, pool decks, walls and driveways seal it once and never have to power wash again.
All walls, brick or masonry can be cleaned and sealed is one of 37 unique beautiful colors this product penetrates down into the pours of the building and seals it to make it 100% water proof and is completely EARTH FRIENDLY NO VOC”S NONE TOXIC TO Planets and Animals. To see a video demo of our service visit http://www.youtube.com/watch?v=tIDuPAAQfSA
ECO-RESTORE & SEAL
Tim Robbins, Sr
Broker Associate
Foreclosure Prevention Specialist
Toll Free Hot Line 1-800-610-3599Watch My Video http://bankreponj.com
PHOTOS THAT TRULY DEPICT THE WORD...
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PHOTOS THAT TRULY DEPICT THE WORD...
LOYALTY
SORROWInnocence...
Departure...
Pain...
Respect...
Compassion...
Friendship...
Patience....Rescued...
Divine...
This year we have truly learned...
"Life is not about waiting for the storms to pass....it's about learning how to dance in the rain."
Be kinder than necessary -
everyone you meet is fighting some kind of battle.
Saturday, July 3, 2010
Thursday, June 3, 2010
3432 West Ave, Ocean City
Great Hot Deal in Ocean City, NJ 3 bedroom 2 Bath Single Family Home Located just two blocks from the beach Across from Playground and tennis courts near Shopping Clean as a Whistle needs nothing Just You Asking $429,000 Watch Video see this Great HOT DEAL AT THE BEACH Click to See Video
Tim Robbins, Sr.
Broker Associate Buyers Broker Foreclosure Prevention Specialist
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
Tim Robbins, Sr.
Broker Associate Buyers Broker Foreclosure Prevention Specialist
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
Tim Robbins, Sr.
Broker Associate Buyers Broker Foreclosure Prevention Specialist
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
Great Hot Deal in Ocean City, NJ 3 bedroom 2 Bath Single Family Home Located just two blocks from the beach Across from Playground and tennis courts near Shopping
Clean as a Whistle needs nothing Just You Asking $429,000 Watch Video see this Great HOT DEAL AT THE BEACH Click to See VideoTim Robbins, Sr.
Broker Associate Buyers Broker Foreclosure Prevention Specialist
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
Wednesday, June 2, 2010
Why Are Listing Agents Of Short Sale
Why Are Listing Agents Of Short Sale
Taking Adversarial Position With Buyers
It is becoming common practice on today’s
short sale and foreclosure markets that
agents and broker are taking on a
adversarial position with buyers who place
low offers on the table. The problem most
agents do not understand is the banks are
not on the side of the seller they are the
adversary.
The banks position is they want the most
money the Sellers position should be to get
out of the home without going to
Foreclosure. The more their agents take the
position of trying to protect the seller and get
more money than the home is really worth
based on the debt the more risk the place on
the seller.
In creating offers on Short Sales and Pre-foreclosure homes the agent on the
buyers side must do a detailed study of the market. To do this correctly they must
use Active Listings, Sold listings in the last 60 days and homes under contract
currently.
In many markets this is the hardest thing to do! Many listing agents are using out
dated information by going back six months on solds because the market in many
cases has already changed two or three times in the period.
When agents are doing BPO'S or "Broker price opinions" they do not even look at
the home and go over any defects the home may have that need to be address
when presenting offers to the bank.
If the package that goes to the bank for consideration, does not include a detailed
report and break down the bank cannot completely understand what the future holds
should the foreclose.
A complete package should include the following!
A complete detailed report on the current market based on the home and like homes Sold, Active, Under Contract and Expired. They also should determine any homes sold with agents.
Complete detail inspection report for any and all repairs needed on the home.A neighborhood study of of all foreclosure and short sales in the area with address and dates along with prices.
A completed cost break down showing all cost and fees including the cost of not taking the offer over the long term and what is will end of costing the bank should they foreclose and have to carry the home.
The offer from the buyer with all documentation supporting the buyers ability to close should the offer be accepted.
A updated title report disclosing any and all liens or judgments on the homes titled.
Seller financial statements to include but not limited
Current Bank Statements
Current Asset statement
Current tax returns
Letter of hardship
Banks current short sale package
Details of funds available to bank after agreement to settled
Any and all documents to support the sale price
The problem is that many agents just jumped into the short sale and
foreclosure segment of the real estate industry simply because they could not make
sales any other way but they did not receive the education or the understanding of
what is takes to make offers look more attractive to the banks. It is no longer like it
was before the Seller really should not care what the home sells for the only thing a
Seller today should be thinking about is WILL I ESCAPE FORECLOSURE!
Sell Your Home Fast even in a Slow Market
I look and hundreds of homes on the market with thousands of agents and what they consider marketing is taking a few pictures and even sometimes just one picture and place it in the MLS.
This is not marketing your home! Here are the steps that a professional agent who is in the marketing business should do for your home.
The Steps for marketing today
Tim Robbins Broker Associate
Market Specialist
Better Homes Realty
800-610-3599
For More details and to search for homes in your area visit http://njbuyersonestoprealty.com
This is not marketing your home! Here are the steps that a professional agent who is in the marketing business should do for your home.
The Steps for marketing today
- Survey the home stage it for apperance to make sure it shows well outside first
- Make sure the inside is free of clutter!
- There should be 20 to 30 pictures taken inside and out.
- Shoot a walk around video just like it is being shown
- Develop virtual tours with picture and video
- Create single property website with property address URL address
- Design full color flyers place outside home
- Record audio of property details
- Post on MLS, Craigslist, Backpage, Pennysaver, Trulia, Homes.com, even ebay and others
- Design email flyers and email blast to data base
- Set up signs on home with 24/7 Hotline and text to phone
- Design multiple image ads of home with video for posting online
- Setup ads and Online Open House on Facebook, linkedin, Twitter notices
Market Specialist
800-610-3599
For More details and to search for homes in your area visit http://njbuyersonestoprealty.com
Monday, May 31, 2010
5 Tips to Buy Short Sales Homes Today in New Jersey
How to know what to do when you are considering buying a short sale home!
The most important details is to make sure you do your own research don't take anyones word get the facts
- Know your own finances make sure you have an Approval for your mortgage or a letter of proof of funds in writting.
- Make sure that you to the research on what homes have sold recently and also what homes are under agreement all must be recent. Markets change weekly so get up to date information.Please click here to view the video
- Do not go into any purchase agreement based on emotions make your decisions based on facts.
- Once you find Properties always more than one that fit into your list the list is your NEEDS, WANTS and DESIRES this is very important. Make sure you have a few homes that fit into these details.
- Remember NEVER EVER show any emotions for any homes this must not be present when you are considering any home. Think like a business person in business nothing is personal it's all business.
When moving forward always make sure that the person that is working for you is in fact working for you. Always have your side and the sellers side this way you can be assured that everything is equal. Banks and Sellers are not your friend you are the person that is going to help them out of a jamb
For more details go to http://njhothomedeals.com
Tim Robbins
Monday, May 24, 2010
Should I Short Sell MyHome
Should I Short Sell MyHome Want to know about Short Sales Watch This Video
Thursday, May 13, 2010
HAFA Short Sale Program Sell Your Home Fast in this Real Estate Market
Save Someone Today Short Sales are NOT just for homeowners who are behind in their payments Get My New Book "Should I short Sell My Home" How Homeowners can survive the worst Real Estate Market in History. I want to Give You a Free Copy http://bankreponj.com
Tuesday, May 11, 2010
Stategic Defaults Are on the Rise Is it Right For You
If you are looking at your home and the Value is thousands of dollars less than what you paid like many Americans than a Strategic Plan to walk away maybe the best Option. This a Stategic Decision you need to make as a business move not a personal one. Watch this Video
http://www.cbsnews.com/video/watch/?id=6470184n&tag=api
Monday, May 10, 2010
Wednesday, May 5, 2010
Tuesday, May 4, 2010
Sunday, May 2, 2010
New Book Released 'Should I Short Sell My Home
In the worst Real Estate Market in History most people are trying figure out where they are with their home. The fact is 87% of all homeowners are underwater in their homes.
Now this does not mean that all of them are in trouble, what it does mean they are making payments on Homes that they cannot sell or refinance. If you puchase a home in the late 90's or 2000's when prices where climbing faster Jack's Bean Stalk grew you are most likely would of these people who are paying huge mortgage payments for a home that maybe worth half of what it cost you to buy.
The first thing people need to know is the a Short Sale is Not just for people who are behind in mortgage payments. In fact if someone tells you to get late on payments run away from them.
Many homeowners who are not behind in their mortgages are selling short sale and actually going out and buying another home. Here's the deal; unlike a foreclosure that is placed on your credit report first as 30, 60 90 120 days late when the bank takes back your home it will also show as a foreclosure. Now this is not over here, you could also be hit with a judgement for the difference of what you owe and what it sold. Ie. Difficency judgement.
Where as a Short Sale especially if you are on time with your payments shows up as paid and does not lower your credit score 300 to 400 points.
So if you are wondering the difference if you home goes to foreclosure you will not be able to get a new mortgage for 5-7 years. If you have a short sale You maybe able to go out and buy a new home right away or within 15 months.
Now as you may know that market is changing everyday and these numbers and times could change any day but for now think Short Sale it will help in the long run For more details get a Free Copy of " Should I Short Sell My Home" How to survive the worst Real Estate Market in History written by Real Estate Experts Tim and Julie Harris and Tim Robbins
For Your Free Copy Click Here
Now this does not mean that all of them are in trouble, what it does mean they are making payments on Homes that they cannot sell or refinance. If you puchase a home in the late 90's or 2000's when prices where climbing faster Jack's Bean Stalk grew you are most likely would of these people who are paying huge mortgage payments for a home that maybe worth half of what it cost you to buy.
The first thing people need to know is the a Short Sale is Not just for people who are behind in mortgage payments. In fact if someone tells you to get late on payments run away from them.
Many homeowners who are not behind in their mortgages are selling short sale and actually going out and buying another home. Here's the deal; unlike a foreclosure that is placed on your credit report first as 30, 60 90 120 days late when the bank takes back your home it will also show as a foreclosure. Now this is not over here, you could also be hit with a judgement for the difference of what you owe and what it sold. Ie. Difficency judgement.
Where as a Short Sale especially if you are on time with your payments shows up as paid and does not lower your credit score 300 to 400 points.
So if you are wondering the difference if you home goes to foreclosure you will not be able to get a new mortgage for 5-7 years. If you have a short sale You maybe able to go out and buy a new home right away or within 15 months.
Now as you may know that market is changing everyday and these numbers and times could change any day but for now think Short Sale it will help in the long run For more details get a Free Copy of " Should I Short Sell My Home" How to survive the worst Real Estate Market in History written by Real Estate Experts Tim and Julie Harris and Tim Robbins
For Your Free Copy Click Here
Sunday, April 18, 2010
Saturday, February 27, 2010
Thursday, February 25, 2010
Wednesday, February 24, 2010
Guided Site Audio Tours Start Page
Guided Site Audio Tours Start Page
Take An Audio Tour Of Our SiteBuying or selling a home is one of the most important, complex and potentially costly decisions that you will ever make. Whether you are looking for your dream home or trying to ensure that your current home will sell fast and for top dollar, our unique audio tour will guide you page by page through this website explaining the key concepts relevant to your situation. Each page on the tour has an audio control at the top right of the page, like the one on this page. If the audio doesn't automatically start on each page, simply click on the PLAY button (or click on the speaker icon to turn on the auto-play option). When you are done listening and viewing each page on the tour, simply click on the NEXT link at the bottom right of the audio control to move on to the next page in the tour. When you are ready, make sure that your computer speakers are turned on. Then select the link of the audio tour you wish to take. | |||
|
Monday, February 22, 2010
Why Now is the Perfect Storm to Acquire Real Estate For First Time Buyers and Investors
Why Now is the Perfect Storm to Acquire Real Estate For First Time Buyers and Investors
By [http://ezinearticles.com/?expert=Tim_G_Robbins]Tim G Robbins
There are additional factors precisely why consumers which have not bought or they have acquired in the past should contemplate before it's too late. Throughout numerous locations around the country citizens have been seated on the side lines thinking that circumstances will be going to go reduce or bank rates are going to go lower or many other reasons that has postponed their acquisition.
Nevertheless the fact is right now there has not ever any moment in history has there been the fantastic storm to buy real estate. It does not matter if it's a very first residence, exchanging residence or commercial real estate the statistics are all in position with the Planets.Facts are clear it really is the perfect time to buy. Through the decades prime rates have gone " up " and down there has been extra expenses associated with making a acquisition.
Since the collapse of the mortgage and real housing markets since 2007 the modifications that have been put in place have worked to make easier for people today to save capital when buying. The fact as to interest rates as of this writing rates are lower today than they were in 1956 at that time the rate was Six percent.At this time there were not alternatives at that time. Consumers did not have Fifteen year or Twenty year payment terms.
We also did not have adjustable interest rates and you could not get the home owner to aid you with buying down the rate. Because these days there are so many choices available to a person who wants to acquire you can really set down a comprehensive plan of financing that will fit into your spending plan. Today you can receive a 30 year fixed rate loan as low as Four or 5% which means that for every hundred 1000 of mortgage figures you would only pay out $450.00 per month, plus taxes and insurance coverage.
Now think about this that is $450.00 per month for $100,000 home plus you would obtain a tax credit for the interest paid over the cost of a year. The Plan Gets even Better for the Buyers With the decrease in real estate values over the last 3 to 4 years since the real estate markets began to fall prices of houses have turn out to be more affordable to many who would likely not purchase a few years ago. Think about the prices just four years back in many locations real estate were selling for $250,000 are now advertising in some areas for $70,000 to $100,000 and with the interest rates as low as they are you are getting a home that once would have cost a person $1,500 per month and now it cost $400.00.
Do you believe this makes it the perfect storm for buy in real estate when selling prices are down and costs are at the lowest all at the same time? Of course this is why this has under no circumstances be available before in history there are more alternatives to choose from when it comes to obtaining a home or investment and the expenditure to finance it is lower than ever before all at the same time. For the Purchaser there is a third point that is presently in position that has in no way been available before in history.
For the 1st occasion homebuyer today and until April 30, 2010, people who buy their very first residence will able to still are given up to $8,000 tax credit straight from the government. In addition; which has been added to the stimulus for the anyone who desires to move up they will receive up to $6,500 for making a new home purchase. So include all these types of issues together by reduce costs to most affordable interest rates in history and money returning from the fed for buying this makes this the best time in history ever to purchase a real estate.
Therefore get out there and commence uncovering that house right now before the storm clears and the prices move upward which they will most likely go up inside of the up coming 6 months and the tax credit goes away. Really don't wait make it take place prior to April 30, 2010 and close before June 1, 2010. To find out more information you can go online and like most people this is where is all begins in fact it is estimated that as many as 85% of all people begin shopping for rel=nofollow Real Estate on the Internet
Tim Robbins, Sr An Exclusive Buyers Broker in New Jersey for almost 20 years. I have been offer Buyers the option of having their own broker working with and for their interest. The simple difference in agents is who they work for when you are making a purchase. You need to have someone on your side who will guide you through all of the intricacies on the most important purchase of you life. To find out more about how you can become an educated consumer and learn more visit http://njbuyersonestop.com or call 1-800-610-3588
Article Source: [http://EzineArticles.com/?Why-Now-is-the-Perfect-Storm-to-Acquire-Real-Estate-For-First-Time-Buyers-and-Investors&id=3792110] Why Now is the Perfect Storm to Acquire Real Estate For First Time Buyers and Investors
There are additional factors precisely why consumers which have not bought or they have acquired in the past should contemplate before it's too late. Throughout numerous locations around the country citizens have been seated on the side lines thinking that circumstances will be going to go reduce or bank rates are going to go lower or many other reasons that has postponed their acquisition.
Nevertheless the fact is right now there has not ever any moment in history has there been the fantastic storm to buy real estate. It does not matter if it's a very first residence, exchanging residence or commercial real estate the statistics are all in position with the Planets.Facts are clear it really is the perfect time to buy. Through the decades prime rates have gone " up " and down there has been extra expenses associated with making a acquisition.
Since the collapse of the mortgage and real housing markets since 2007 the modifications that have been put in place have worked to make easier for people today to save capital when buying. The fact as to interest rates as of this writing rates are lower today than they were in 1956 at that time the rate was Six percent.At this time there were not alternatives at that time. Consumers did not have Fifteen year or Twenty year payment terms.
We also did not have adjustable interest rates and you could not get the home owner to aid you with buying down the rate. Because these days there are so many choices available to a person who wants to acquire you can really set down a comprehensive plan of financing that will fit into your spending plan. Today you can receive a 30 year fixed rate loan as low as Four or 5% which means that for every hundred 1000 of mortgage figures you would only pay out $450.00 per month, plus taxes and insurance coverage.
Now think about this that is $450.00 per month for $100,000 home plus you would obtain a tax credit for the interest paid over the cost of a year. The Plan Gets even Better for the Buyers With the decrease in real estate values over the last 3 to 4 years since the real estate markets began to fall prices of houses have turn out to be more affordable to many who would likely not purchase a few years ago. Think about the prices just four years back in many locations real estate were selling for $250,000 are now advertising in some areas for $70,000 to $100,000 and with the interest rates as low as they are you are getting a home that once would have cost a person $1,500 per month and now it cost $400.00.
Do you believe this makes it the perfect storm for buy in real estate when selling prices are down and costs are at the lowest all at the same time? Of course this is why this has under no circumstances be available before in history there are more alternatives to choose from when it comes to obtaining a home or investment and the expenditure to finance it is lower than ever before all at the same time. For the Purchaser there is a third point that is presently in position that has in no way been available before in history.
For the 1st occasion homebuyer today and until April 30, 2010, people who buy their very first residence will able to still are given up to $8,000 tax credit straight from the government. In addition; which has been added to the stimulus for the anyone who desires to move up they will receive up to $6,500 for making a new home purchase. So include all these types of issues together by reduce costs to most affordable interest rates in history and money returning from the fed for buying this makes this the best time in history ever to purchase a real estate.
Therefore get out there and commence uncovering that house right now before the storm clears and the prices move upward which they will most likely go up inside of the up coming 6 months and the tax credit goes away. Really don't wait make it take place prior to April 30, 2010 and close before June 1, 2010. To find out more information you can go online and like most people this is where is all begins in fact it is estimated that as many as 85% of all people begin shopping for rel=nofollow Real Estate on the Internet
Tim Robbins, Sr An Exclusive Buyers Broker in New Jersey for almost 20 years. I have been offer Buyers the option of having their own broker working with and for their interest. The simple difference in agents is who they work for when you are making a purchase. You need to have someone on your side who will guide you through all of the intricacies on the most important purchase of you life. To find out more about how you can become an educated consumer and learn more visit http://njbuyersonestop.com or call 1-800-610-3588
Article Source: [http://EzineArticles.com/?Why-Now-is-the-Perfect-Storm-to-Acquire-Real-Estate-For-First-Time-Buyers-and-Investors&id=3792110] Why Now is the Perfect Storm to Acquire Real Estate For First Time Buyers and Investors
Thursday, February 18, 2010
Monday, February 8, 2010
Beat out other buyers to Hot New Listings
How To Receive Priority Access To ALL New Listings That Match Your Home Buying Criteria
Here's how it works...
Our Exclusive Buyer Profile System saves you Time and Money. Simply enter your criteria below and get priority access to ALL homes that match your criteria, including Bank Foreclosures, Company Owned Properties and other Distress Sales.No more wasted time looking at out-dated information in newspapers or searching the internet. Priority access means you're there first before other buyers, so you can negotiate the lowest possible price and your time is not wasted viewing homes that don't interest you.
It's easy to get started...http://njbuyersonestop.com
6 Mistakes to Avoid When Moving to a Larger Home
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Bank Foreclosures. Free list of Foreclosure Properties. Receive a FREE daily list by email. |
Friday, February 5, 2010
What Sellers of Real Estate Need to Know Before You Sell These Facts Can Increase Sales Price
In Real Estate not all things are created equal when a person wants to sell, just as not all agents are created equal. There 27 important things a seller needs to know and do before they list their home on the market.
When a person is thinking of selling in most cases they either look in the phone, paper, Internet or ask a friend to find a Real Estate Agent who will let them know what the agent thinks they should list the home for and what the agent thinks what it will sell for if it sells.
The real problem is when someone calls and agent they think the agents know all and see’s all like a psychic. This is nothing short of the truth not all agents just because they have a license know what they are doing.
In fact it my opinion; that you can train a money to pass the real estate examine this does not make a person a good agent. Many agents advertising what they have done in the past and I’m the best or the best one “Million Dollar Sales Agent” this is the biggest joke of all. Selling a million dollars of real estate can and has been done in the past just by default not by skill.
The true meaning of Realtor does not mean licensed, it means highly trained and an expert in the profession. Unfortunately many agents pay their dues and never receive much training or at best just a few hours of continuing education that is forgotten as soon as it is over.
A true real estate agent as I see it is one that has many designations which means this person believes in education and follows and using the education in everyday business. A good agent is a professional who should be as important to a seller or buyer and their attorney or CPA.
So what are the important issues and steps a Seller should take before they call a real estate agent. There are actually 27 issues and steps you should take before you even pick up the phone and call anyone if you want to receive the information in a positive light.
But here are the top 15 issues for every seller.
15 Things a Seller needs to know before they list.
1.You must understand why you are selling! Your motivation to sell is the determining factor as to how you will approach the sale. It affects everything from what you set your asking price at to how much time, money and effort you're willing to invest in order to prepare your home for sale.
2.Keep the Reason you are selling to yourself! With this tip there is a caveat’ if you are in trouble and need to sell, you need to be honest with the agent once you make your decision who you are going to hire to sell your home.
3.Before setting a price- Do your own homework! When you set your price, you make buyers aware of the absolute maximum they have to pay for your home. As a seller, you will want to get a selling price as close to the list price as possible.
4.Setting your home price!
A.If you live in a Subdivision - If your home is comprised of similar or identical floor plans, built in the same period, simply look at recent sales in your neighborhood subdivision to give you a good idea of what your home is worth.
B.If You Live in An Older Neighborhood - As neighborhoods change over time each home may be different in minor or substantial ways and you will probably find that there aren't many homes truly comparable to your own. In this case you may want to consider seeking a Realtor ® to help you with the pricing process.
C.If You Decide to Sell On Your Own - A good way to establish a value is to look at homes that have sold in your neighborhood within the past 6 months, including those now on the market. This is how prospective buyers will assess the worth of your home. Also a trip to City Hall can provide you with home sale information in its public records, for most communities.
5.Do some Home Shopping Yourself! The best way to learn about your competition is to go out and discover what turns buyers on and off. Visiting open houses is a good first step, by take the time to go around the area and see what other sellers are offering. Particularly note not only the asking prices but what they are actually selling for. Remember, if you're serious about getting your home sold fast; don't price it higher than your neighbor's.
6.Understand Tax Assessment and what they really mean! Some people think that tax assessments are a way of evaluating a home. The difficulty here is that assessments are based on a number of criteria that may not be related to property values, so they may not necessarily reflect your home's true value.
7.Deciding upon a Realtor! According to the National Association of Realtors survey, nearly two thirds of all sellers who have tried to sell their home there self said they would never do it again. The primary reasons are setting a price, marketing handicaps, liability concerns, and time constraints. Remember not all agents are created equal there are many questions you should ask, make the time you spend deciding on and agent just like you are interviewing a person to take care of your child.
Ask Questions!
8.Insure you have room to negotiate! Before setting your price make sure you leave room in which to bargain. Think of a number that you feel comfortable with and what you are willing to offer the buyer as an incentive to buy. Remember this is a business decision; many people get emotional and lose sight of the prize which is closing.
9.Appearances do matter more than anything! Appearance is so critical that it would be unwise to ignore this when selling your home. The look and "feel" of your home will generate a greater emotional response than any other factor. Prospective buyers react to what they see, hear, feel, and smell even though you may have priced your home to sell.
10.Invite honest opinions from others! The single biggest mistake many sellers make is not asking other people what they truly think about the home. Do not rely on just you feeling of the home because what you feel has nothing to do with what a buyer is going to think, feeling and thing are two entirely different issues.
11.Get Your Home Spic and Span fix everything and clear out the clutter! You need to step back and take a good look at your home, make sure everything is looking like you could eat off of it. Get rid of all clutter, declare war on dust, dirt and junk what you don’t need any more or you don’t use either donate it to charity or place it storage but get it out of the house. This way when a buyer comes through your home you are not making excuses or it does not look like something is hiding something. Not to mention; it will always make your home look bigger then it is actually.
12.Allow perspective buyers to visualize themselves in your home! The last thing you want perspective buyers to feel when they come to your home is that they are intruding, get out of house and let the agent do what they are getting paid to do.
13.Deal Killer odors must go! You may not realize but odd smells like traces of food, pets and smoking odors can kill deals quickly. If prospective buyers know you have a dog, or that you smoke, they'll start being aware of odors and seeing stains that may not even exist. Don't leave any clues.
14.Be a smart Seller disclose everything! A very important part is disclosure, don’t be afraid to order a presale home inspection this one step can increase your value and help you sell faster than the house down the street. When you get the inspection fix the issues you can or expect to credit the buyer for the repairs.
15.Check your title for any defects! This is a really important step many people do not know if there is anything on the title that could pop up and stall a sale. Have your agent go to the title company and have them run a title and deed search to make sure that nothing is on your title that you don’t know about this could kill your deal.
These issues are the top issues when a seller has their home for sale anyone of the issue can stop the process dead in it tracks. There are addition issues that you may address, but remember the very most important issue is the hiring to the right agent or broker to do the job is do they have a detailed marketing plan and have you really priced your home correctly.
If the agent gives you a selling price do not get insulted especially with the market conditions of today and always get more them one price opinion. When you are selling Real Estate either residential or commercial never ever keep your personal emotion in the deal it’s not personal it’s business.
For more information in New Jersey visit http://njbuyersonestop.com or call Tim Robbins at 800-610-3599
When a person is thinking of selling in most cases they either look in the phone, paper, Internet or ask a friend to find a Real Estate Agent who will let them know what the agent thinks they should list the home for and what the agent thinks what it will sell for if it sells.
The real problem is when someone calls and agent they think the agents know all and see’s all like a psychic. This is nothing short of the truth not all agents just because they have a license know what they are doing.
In fact it my opinion; that you can train a money to pass the real estate examine this does not make a person a good agent. Many agents advertising what they have done in the past and I’m the best or the best one “Million Dollar Sales Agent” this is the biggest joke of all. Selling a million dollars of real estate can and has been done in the past just by default not by skill.
The true meaning of Realtor does not mean licensed, it means highly trained and an expert in the profession. Unfortunately many agents pay their dues and never receive much training or at best just a few hours of continuing education that is forgotten as soon as it is over.
A true real estate agent as I see it is one that has many designations which means this person believes in education and follows and using the education in everyday business. A good agent is a professional who should be as important to a seller or buyer and their attorney or CPA.
So what are the important issues and steps a Seller should take before they call a real estate agent. There are actually 27 issues and steps you should take before you even pick up the phone and call anyone if you want to receive the information in a positive light.
But here are the top 15 issues for every seller.
15 Things a Seller needs to know before they list.
1.You must understand why you are selling! Your motivation to sell is the determining factor as to how you will approach the sale. It affects everything from what you set your asking price at to how much time, money and effort you're willing to invest in order to prepare your home for sale.
2.Keep the Reason you are selling to yourself! With this tip there is a caveat’ if you are in trouble and need to sell, you need to be honest with the agent once you make your decision who you are going to hire to sell your home.
3.Before setting a price- Do your own homework! When you set your price, you make buyers aware of the absolute maximum they have to pay for your home. As a seller, you will want to get a selling price as close to the list price as possible.
4.Setting your home price!
A.If you live in a Subdivision - If your home is comprised of similar or identical floor plans, built in the same period, simply look at recent sales in your neighborhood subdivision to give you a good idea of what your home is worth.
B.If You Live in An Older Neighborhood - As neighborhoods change over time each home may be different in minor or substantial ways and you will probably find that there aren't many homes truly comparable to your own. In this case you may want to consider seeking a Realtor ® to help you with the pricing process.
C.If You Decide to Sell On Your Own - A good way to establish a value is to look at homes that have sold in your neighborhood within the past 6 months, including those now on the market. This is how prospective buyers will assess the worth of your home. Also a trip to City Hall can provide you with home sale information in its public records, for most communities.
5.Do some Home Shopping Yourself! The best way to learn about your competition is to go out and discover what turns buyers on and off. Visiting open houses is a good first step, by take the time to go around the area and see what other sellers are offering. Particularly note not only the asking prices but what they are actually selling for. Remember, if you're serious about getting your home sold fast; don't price it higher than your neighbor's.
6.Understand Tax Assessment and what they really mean! Some people think that tax assessments are a way of evaluating a home. The difficulty here is that assessments are based on a number of criteria that may not be related to property values, so they may not necessarily reflect your home's true value.
7.Deciding upon a Realtor! According to the National Association of Realtors survey, nearly two thirds of all sellers who have tried to sell their home there self said they would never do it again. The primary reasons are setting a price, marketing handicaps, liability concerns, and time constraints. Remember not all agents are created equal there are many questions you should ask, make the time you spend deciding on and agent just like you are interviewing a person to take care of your child.
Ask Questions!
8.Insure you have room to negotiate! Before setting your price make sure you leave room in which to bargain. Think of a number that you feel comfortable with and what you are willing to offer the buyer as an incentive to buy. Remember this is a business decision; many people get emotional and lose sight of the prize which is closing.
9.Appearances do matter more than anything! Appearance is so critical that it would be unwise to ignore this when selling your home. The look and "feel" of your home will generate a greater emotional response than any other factor. Prospective buyers react to what they see, hear, feel, and smell even though you may have priced your home to sell.
10.Invite honest opinions from others! The single biggest mistake many sellers make is not asking other people what they truly think about the home. Do not rely on just you feeling of the home because what you feel has nothing to do with what a buyer is going to think, feeling and thing are two entirely different issues.
11.Get Your Home Spic and Span fix everything and clear out the clutter! You need to step back and take a good look at your home, make sure everything is looking like you could eat off of it. Get rid of all clutter, declare war on dust, dirt and junk what you don’t need any more or you don’t use either donate it to charity or place it storage but get it out of the house. This way when a buyer comes through your home you are not making excuses or it does not look like something is hiding something. Not to mention; it will always make your home look bigger then it is actually.
12.Allow perspective buyers to visualize themselves in your home! The last thing you want perspective buyers to feel when they come to your home is that they are intruding, get out of house and let the agent do what they are getting paid to do.
13.Deal Killer odors must go! You may not realize but odd smells like traces of food, pets and smoking odors can kill deals quickly. If prospective buyers know you have a dog, or that you smoke, they'll start being aware of odors and seeing stains that may not even exist. Don't leave any clues.
14.Be a smart Seller disclose everything! A very important part is disclosure, don’t be afraid to order a presale home inspection this one step can increase your value and help you sell faster than the house down the street. When you get the inspection fix the issues you can or expect to credit the buyer for the repairs.
15.Check your title for any defects! This is a really important step many people do not know if there is anything on the title that could pop up and stall a sale. Have your agent go to the title company and have them run a title and deed search to make sure that nothing is on your title that you don’t know about this could kill your deal.
These issues are the top issues when a seller has their home for sale anyone of the issue can stop the process dead in it tracks. There are addition issues that you may address, but remember the very most important issue is the hiring to the right agent or broker to do the job is do they have a detailed marketing plan and have you really priced your home correctly.
If the agent gives you a selling price do not get insulted especially with the market conditions of today and always get more them one price opinion. When you are selling Real Estate either residential or commercial never ever keep your personal emotion in the deal it’s not personal it’s business.
For more information in New Jersey visit http://njbuyersonestop.com or call Tim Robbins at 800-610-3599
Sunday, January 31, 2010
Why the FHA is Going to Send Real Estate Markets in a Tail spin
In the past Real Estate agents would inform the sellers of the cost that could potentially cost them by the tough appraisal format? The appraisers would enter a property with the mindset that they, had to be a Home Inspector and find deficiencies in the home. Some of the problems that the appraisers would call out in their inspections would cause the deals to just fall apart.
The problem was really agents just did not want to go through all of the hoops, when they could just conventional.
The other issue that was brought light in the years, from the late 90’s to 2005 was the sub-prime market had placed a major hit on the FHA loans the market shares went from around 48% of the lower market to just 32% in and around 2004. Since the FHA seen this fall taking place the appraisals inspections let up and were no longer calling things such as painting a railing.
Some f the other issues were that the MIP had been reduced. These issues and that FHA was really not credit score driven, made it easier for people to receive a mortgage. Not to mention; the money that the buyer could use could be 100% gifted by a relative.
This made the FHA more attractive to many buyers who never thought they could even purchase a home! Now that things are starting to change around and the market is showing signs of recovering in the real estate market, the experts in Washington are at it again. They want to change what is working and try to break it again, so they can drive the market in reverse.
This brings up another point; the Reverse Mortgage also has MIP “mortgage protection insurance, which at this time has a surplus in the fund and they also want to raise this one at the same time. If all programs are working to help stimulate the market why not just sit back and seen where it goes!
The biggest problem; is that the people in Washington who are making these changing are the same people that got us here in the first place. Now I can see maybe raising the down payment to maybe 5% of the purchase price, but to limit the seller contribution this is something that has helped more people own a home than any single issue in real estate. The closing cost and using some of the money maybe to buy down the rate can make the difference in a home selling for more money or even selling at all in and all ready struggling market.
In professional opinion as an Exclusive Buyers Broker for over 15 years, this has been the difference in a sale in many cases. The buyer may have the money for the down payment but fall short when it comes to the closing cost. In some areas of the country like in Florida where the buyer and seller have to pay a mortgage tax and the intangible tax these can significant additional fees to the buyer.
If you want to get the markets flowing again then we need to come up with creative ways to make the sale, and providing these additional items does make the difference. This few but significant changes in the FHA/HUD will have a dramatic impact on real estate markets around the country and send the real estate markets back into a tail spin.
You would think since the FHA has seen a dramatic increase in the market shares that they had lost over the years with stupid issues just to close that they could come up with a thought process that would keep the continuing up swing working.
The problem was really agents just did not want to go through all of the hoops, when they could just conventional.
The other issue that was brought light in the years, from the late 90’s to 2005 was the sub-prime market had placed a major hit on the FHA loans the market shares went from around 48% of the lower market to just 32% in and around 2004. Since the FHA seen this fall taking place the appraisals inspections let up and were no longer calling things such as painting a railing.
Some f the other issues were that the MIP had been reduced. These issues and that FHA was really not credit score driven, made it easier for people to receive a mortgage. Not to mention; the money that the buyer could use could be 100% gifted by a relative.
This made the FHA more attractive to many buyers who never thought they could even purchase a home! Now that things are starting to change around and the market is showing signs of recovering in the real estate market, the experts in Washington are at it again. They want to change what is working and try to break it again, so they can drive the market in reverse.
This brings up another point; the Reverse Mortgage also has MIP “mortgage protection insurance, which at this time has a surplus in the fund and they also want to raise this one at the same time. If all programs are working to help stimulate the market why not just sit back and seen where it goes!
The biggest problem; is that the people in Washington who are making these changing are the same people that got us here in the first place. Now I can see maybe raising the down payment to maybe 5% of the purchase price, but to limit the seller contribution this is something that has helped more people own a home than any single issue in real estate. The closing cost and using some of the money maybe to buy down the rate can make the difference in a home selling for more money or even selling at all in and all ready struggling market.
In professional opinion as an Exclusive Buyers Broker for over 15 years, this has been the difference in a sale in many cases. The buyer may have the money for the down payment but fall short when it comes to the closing cost. In some areas of the country like in Florida where the buyer and seller have to pay a mortgage tax and the intangible tax these can significant additional fees to the buyer.
If you want to get the markets flowing again then we need to come up with creative ways to make the sale, and providing these additional items does make the difference. This few but significant changes in the FHA/HUD will have a dramatic impact on real estate markets around the country and send the real estate markets back into a tail spin.
You would think since the FHA has seen a dramatic increase in the market shares that they had lost over the years with stupid issues just to close that they could come up with a thought process that would keep the continuing up swing working.
How You Can Turn Your Retirement Portfolio Into the Positive Even With Losses From the Bad Economy
How You Can Turn Your Retirement Portfolio Into the Positive Even With Losses From the Bad Economy
By [http://ezinearticles.com/?expert=Tim_G_Robbins]Tim G Robbins
Most people who have or had a 401k or Ira had some doing the investing for them, the company or person who is suppose to be and expert made bad choices or the selection just plain crashed on the market. Many of the 401k's where invested even in the company that they worked for at the time and the company lost their shirts and shoes. In many cases people had placed the IRA's with high risks or low return investments and did not see any growth.
The one thing that most people do not even know about and the investment gurus who make a fortune watching over your fortune good or bad, are that you can control what your money goes. There are options that they are not going to tell you about because they will not make commissions on your portfolio and that makes them keep it a secret. Many investors listen to their financial advisors who have taken hits on their own investment because they made bad choice for themselves, so how can they tell you what to do if they can't do it for their own investments.
These gurus will tell you that they have what you have for your investments; the real part is they make income even when you lose money they get paid on the up and the down. The only one that gets hurt is you and if you have short time until you need it you are in the hole. Right now you do not have much time to get back what you have lost by having someone else watch your investments you have to take control of them yourself. Well I am sure now you are saying to yourself I can't do this I am not and expert and they know more than me so they must be right. Wrong you do not have to be an expert to make big increases in your portfolio without having the so call expert doing the work for you.
So what is this way you can make your money work harder and smarter for you with all of the turmoil and loses that have happen in the market today. I know you see the stock market going up and then dropping over night. There is a way to actually make secure returns on your investments and be guaranteed anywhere from 12% to 15% secured. Ok now you're saying to yourself here we going with a Bernie scheme where everyone who got in got destroyed and lost everything. No this does have anything to do with any schemes of any kind; it has to do with capitalizing on losses' that are happening all around the country today.
What most people do not know that there was more money made by a few during the great depression then anytime in history and you can do it too. There is a part of the IRS tax code that lets you take control of your portfolio and make sound investments in real estate. As you are aware there are many pieces of real estate that are being offered and prices that are at a 10 year low or better.
I know right about now you are saying why I would want to invest in real estate when values are at the lowest they have been in years. Well it really very clear if you want to make money buy when everyone else is selling and sell when everyone else is buying.
So what is this opportunity that can make you wealthy in such troubling times!
Well if you have a 401k or a traditional IRA you a going to keep losing and you will never really get back what you lost over the last few years, unless you make a change in how you invest. The program that is available is called the self directed IRA! Yes by taking your 401k or current IRA and rolling over into a self directed IRA, you can purchase distress real estate and make big profits. But this is just the beginning!
With a self directed IRA you are going to be able to invest in real estate and buy homes or even commercial properties at 20% to 30% of the value and in some cases even less. The best part of using a self directed IRA is you are using tax deductable dollars to purchase and the growth is tax deferred. Unlike traditional real estate investing; when you invest and you sell you have to pay capital gains on the growth, or the difference between what you invested and what you sold for this is the gain.
In a self directed IRA you are using the funds that you deposited in the account that were tax deductable to purchase real estate and when you sell it all of the growth goes back into your account and no tax is paid on it. The best part of this is you can go and do this over and over again and keep deferring the tax on the growth until later in life. There is one little caveat; that you need to know and it's really not a big deal, you can't own the real estate in your own name it must be held in trust in your name. You still own it but the trust has to control the property. This means you purchase the real estate and the trust pays all the bills and when the property sells the trust takes care of everything for you. But the best part is you are in complete control by deciding what, where and how you are going to purchase and when you will sell.
So what can you do and what can you not do with a self direct IRA
First there are a few things you cannot do when using this investment option!
You cannot use your IRA to purchase
• Collectibles (purchasing art, antiques, rugs, coins, stamps, wine, cars, etc.)
•Life Insurance Benefits (purchasing life insurance benefits from a policy holder)
Now here is what you can do with your IRA to make big profits! Other than the exception listed above that's it.
Now if you purchase real estate which I recommend single family homes or income producing properties such as multi-units apartments or commercial income properties or real estate notes. Here is the rules when you purchase real estate for your IRA!
1. The IRA owner; his or her ancestor; his or her lineal descendents (i.e., parents, grandparents, children or grandchildren)
2. The spouse of the IRA owner
3. Financial advisors and other fiduciaries
4. Any entity owned 50% or more by a disqualified party (such as a business half-owned or more by the IRA holder's daughter)
Some examples of prohibited transactions include:
1. Renting IRA-owned property to lineal family members or a spouse
2. Lending IRA cash at a below-market rate to a friend
3. Paying yourself from income derived from an IRA investment
4. Personally guaranteeing a loan to an IRA asset
So now that you know all that you need to know about what you can and cannot do with your IRA go out and start making back the loses that took away your retirement. Go buy rel=nofollow [http://njbuyersonestop.com]distressed properties or great income producing real estate!
Tim Robbins a Long time professional Real Estate and Mortgage financing specialist in New Jersey. I have spent the better part of 20 years helping people make great choices in their real estate purchases. Along with working with my clients to help them understand the opportunities that are available in today's markets I have also taught many people over the years with education on how to make sure you make the right decisions and how to invest. To find out more on how you can have a profession broker who will only work for you in New Jersey go to http://NJbuyersonestop.com or call 800-610-3599 I am here to help. Also do business with me and I will give a year of access to a professional attorney and protect your identity for thieves who want to take it away from you. I will also make sure you make the correct purchase and the best deal possible.
Article Source: [http://EzineArticles.com/?How-You-Can-Turn-Your-Retirement-Portfolio-Into-the-Positive-Even-With-Losses-From-the-Bad-Economy&id=3650424] How You Can Turn Your Retirement Portfolio Into the Positive Even With Losses From the Bad Economy
By [http://ezinearticles.com/?expert=Tim_G_Robbins]Tim G Robbins
Most people who have or had a 401k or Ira had some doing the investing for them, the company or person who is suppose to be and expert made bad choices or the selection just plain crashed on the market. Many of the 401k's where invested even in the company that they worked for at the time and the company lost their shirts and shoes. In many cases people had placed the IRA's with high risks or low return investments and did not see any growth.
The one thing that most people do not even know about and the investment gurus who make a fortune watching over your fortune good or bad, are that you can control what your money goes. There are options that they are not going to tell you about because they will not make commissions on your portfolio and that makes them keep it a secret. Many investors listen to their financial advisors who have taken hits on their own investment because they made bad choice for themselves, so how can they tell you what to do if they can't do it for their own investments.
These gurus will tell you that they have what you have for your investments; the real part is they make income even when you lose money they get paid on the up and the down. The only one that gets hurt is you and if you have short time until you need it you are in the hole. Right now you do not have much time to get back what you have lost by having someone else watch your investments you have to take control of them yourself. Well I am sure now you are saying to yourself I can't do this I am not and expert and they know more than me so they must be right. Wrong you do not have to be an expert to make big increases in your portfolio without having the so call expert doing the work for you.
So what is this way you can make your money work harder and smarter for you with all of the turmoil and loses that have happen in the market today. I know you see the stock market going up and then dropping over night. There is a way to actually make secure returns on your investments and be guaranteed anywhere from 12% to 15% secured. Ok now you're saying to yourself here we going with a Bernie scheme where everyone who got in got destroyed and lost everything. No this does have anything to do with any schemes of any kind; it has to do with capitalizing on losses' that are happening all around the country today.
What most people do not know that there was more money made by a few during the great depression then anytime in history and you can do it too. There is a part of the IRS tax code that lets you take control of your portfolio and make sound investments in real estate. As you are aware there are many pieces of real estate that are being offered and prices that are at a 10 year low or better.
I know right about now you are saying why I would want to invest in real estate when values are at the lowest they have been in years. Well it really very clear if you want to make money buy when everyone else is selling and sell when everyone else is buying.
So what is this opportunity that can make you wealthy in such troubling times!
Well if you have a 401k or a traditional IRA you a going to keep losing and you will never really get back what you lost over the last few years, unless you make a change in how you invest. The program that is available is called the self directed IRA! Yes by taking your 401k or current IRA and rolling over into a self directed IRA, you can purchase distress real estate and make big profits. But this is just the beginning!
With a self directed IRA you are going to be able to invest in real estate and buy homes or even commercial properties at 20% to 30% of the value and in some cases even less. The best part of using a self directed IRA is you are using tax deductable dollars to purchase and the growth is tax deferred. Unlike traditional real estate investing; when you invest and you sell you have to pay capital gains on the growth, or the difference between what you invested and what you sold for this is the gain.
In a self directed IRA you are using the funds that you deposited in the account that were tax deductable to purchase real estate and when you sell it all of the growth goes back into your account and no tax is paid on it. The best part of this is you can go and do this over and over again and keep deferring the tax on the growth until later in life. There is one little caveat; that you need to know and it's really not a big deal, you can't own the real estate in your own name it must be held in trust in your name. You still own it but the trust has to control the property. This means you purchase the real estate and the trust pays all the bills and when the property sells the trust takes care of everything for you. But the best part is you are in complete control by deciding what, where and how you are going to purchase and when you will sell.
So what can you do and what can you not do with a self direct IRA
First there are a few things you cannot do when using this investment option!
You cannot use your IRA to purchase
• Collectibles (purchasing art, antiques, rugs, coins, stamps, wine, cars, etc.)
•Life Insurance Benefits (purchasing life insurance benefits from a policy holder)
Now here is what you can do with your IRA to make big profits! Other than the exception listed above that's it.
Now if you purchase real estate which I recommend single family homes or income producing properties such as multi-units apartments or commercial income properties or real estate notes. Here is the rules when you purchase real estate for your IRA!
1. The IRA owner; his or her ancestor; his or her lineal descendents (i.e., parents, grandparents, children or grandchildren)
2. The spouse of the IRA owner
3. Financial advisors and other fiduciaries
4. Any entity owned 50% or more by a disqualified party (such as a business half-owned or more by the IRA holder's daughter)
Some examples of prohibited transactions include:
1. Renting IRA-owned property to lineal family members or a spouse
2. Lending IRA cash at a below-market rate to a friend
3. Paying yourself from income derived from an IRA investment
4. Personally guaranteeing a loan to an IRA asset
So now that you know all that you need to know about what you can and cannot do with your IRA go out and start making back the loses that took away your retirement. Go buy rel=nofollow [http://njbuyersonestop.com]distressed properties or great income producing real estate!
Tim Robbins a Long time professional Real Estate and Mortgage financing specialist in New Jersey. I have spent the better part of 20 years helping people make great choices in their real estate purchases. Along with working with my clients to help them understand the opportunities that are available in today's markets I have also taught many people over the years with education on how to make sure you make the right decisions and how to invest. To find out more on how you can have a profession broker who will only work for you in New Jersey go to http://NJbuyersonestop.com or call 800-610-3599 I am here to help. Also do business with me and I will give a year of access to a professional attorney and protect your identity for thieves who want to take it away from you. I will also make sure you make the correct purchase and the best deal possible.
Article Source: [http://EzineArticles.com/?How-You-Can-Turn-Your-Retirement-Portfolio-Into-the-Positive-Even-With-Losses-From-the-Bad-Economy&id=3650424] How You Can Turn Your Retirement Portfolio Into the Positive Even With Losses From the Bad Economy
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- Hello I am a 59 year old marketing professional who holds a degree in real estate and marketing. At this stage of my life I use all of my past talents to background to help people grow and realize their potential in business.
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