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Real Estate Investing

Bob Bruss Real Estate Center An Audio Message from Bob Bruss Subscribe to Bob's Weekly e-mail update and get this Free Report: 2005 Realty Tax Tips: 8 Chapters of Tax Savings for Homeowners and Investors First Name: Primary E-mail Address: >> Order Bob’s Special Real Estate Reports only $4.95 each! >> Ask Bob a Real Estate Question >> Subscribe to Bob’s Newsletters NEW REPORT! “Foreclosure and Distress Property Profit Secrets” >> Order Why pay upwards of $300 per hour for real estate legal, tax or investment advice? Bob Bruss, America’s most trusted real estate expert, offers Special Reports on a wide range of real estate topics for less than $5.00 each! Bob’s columns appear in over 150 newspapers across the country, including the Washington Post, Chicago Tribune, Los Angeles Times and San Francisco Chronicle. Bob draws on more than 25 years of real estate writing, teaching and investing to bring you unbiased information that will help you make smart real estate decisions. Click above & get a free 6-month newsletter subscription! Bob's Notebook SIX KEY REAL ESTATE NEGOTIATION TIPS FOR BUYERS, SELLERS Determining other party's motivation paramount to success The year 2005 has been very good for most property owners and realty sales agents. Home sales prices appreciated handsomely in most communities and the sales volume of new and resale homes were near-record. But 2006 promises to be more "normal" as mortgage interest rates slowly rise, resulting in a modest new home construction volume decline with a corresponding residence market value appreciation and sales volume slowing. Having been through many real estate market ups and downs over almost four decades, both as an investor, sales broker, and realty writer, I've learned that success in a slowing real estate market requires paying greater attention to negotiation skills. NEGOTIATE WITH PEOPLE WHO WANT TO NEGOTIATE . As a lifelong student of real estate negotiation techniques, because there is always more to learn, I've discovered it usually is a waste of time to attempt to negotiate with people who are not highly motivated to make a change. Most experienced real estate agents hate the situation when a home seller lists their desirable property for sale with a top price but they really don't have a good motivation for selling. These sellers often have the attitude "If we can get our price, we'll sell. Otherwise, we won't sell." Their homes often take "forever" to sell. But in 2005, many homes sold for above their asking prices because buyers wanted to purchase more than sellers wanted to sell. A strong motivation for many buyers was to beat the long-predicted rise in home mortgage interest rates. The result was a "seller's market" in many communities with more qualified buyers than motivated sellers. However, as the number of residence listings for sale has risen recently and is expected to continue rising in early 2006, especially after the customary holiday 2005 year-end lull in home sales, many real estate economists are predicting a more normal balance of motivated sellers and buyers. The result should put a premium on negotiation skills for home buyers and sellers, as well as their realty agents, to conclude successful sales. HOW TO ACHIEVE A SUCCESSFUL NEGOTIATION . Whatever your role in a home sale, as buyer, seller or realty agent, you can't ask too many questions. Of course, the best negotiators inquire in a friendly manner interjected with compliments. Here are the six key questions to get answered for a successful home sale negotiation: 1. WHY IS THE SELLER SELLING THIS LOVELY HOME? One way or another, successful home buyers and their realty agents need the answer to this key question so the buyer can make a purchase offer which meets the seller's needs (of course, buyers should leave out the word "lovely" if the place is a dump!). As a long-time investor in rental houses, and my personal residences, I always try to tailor my purchase offers to meet the seller's needs (and mine too). For example, several years ago I bought a house from an elderly lady who was retiring. So I offered her 10 percent cash down payment and a 90 percent seller carryback mortgage to provide for her retirement income. When she saw my offer and how much she would receive from my payment each month, she accepted (although the listing agent previously told me she wouldn't carry back any mortgage financing). Another time a listing agent told me the retired sellers of an "el dumpo" house were living in a boarding house and needed cash. As a result, I figured they wanted an all-cash sale so I arranged 100 percent financing at a community bank. The sellers immediately accepted my low purchase price offer for cash. 2. WHAT WAS THE HOME SELLER'S PURCHASE PRICE? Buyers who don't find out the answer to this key question, either from the listing agent or their buyer's agent, are at a severe negotiation disadvantage. Here's why: If the seller purchased the home many years ago for a low purchase price compared to today's market value, that seller has lots of negotiation room. However, if the home seller bought within the last few years for a price not far from today's market value, there isn't much negotiation flexibility. Of course, if the seller has a high-motivation reason for selling, as disclosed by the answer to the first question, even a recent home buyer is often willing to sell in a quick sale for close to the seller's purchase price. Such a situation is an ideal candidate for the buyer to take over payments on the current mortgage with the lender's permission. 3. DOES THE OTHER PARTY HAVE A TIME DEADLINE? This is a question both home buyer and seller should ask of their realty agent. To illustrate, if one party has a job transfer, then purchase or sale of the home can be very important. But if the seller is moving to a retirement residence, time usually isn't so critical. However, if the seller already bought another home and needs to sell the current home to produce the down payment, then closing time is ultra-important. As experienced real estate agents know, the worst home buyers and sellers are those without any time deadlines. Those folks can take forever to make decisions. 4. HAS THE SELLER OBTAINED A PROFESSIONAL HOME INSPECTION REPORT? Today's smartest real estate agents suggest their sellers obtain a professional inspection report at the time of listing the home for sale. Then the seller is fully aware of most home defects and can either have the defect repaired or fully disclose it to prospective buyers, thus averting future lawsuits. Sharp home purchasers, and their buyer's agents, understand this trend. When a buyer is seriously interested in a house, always ask if the seller has already obtained a professional inspection the buyer can review before making a purchase offer. Even if the seller has obtained customary professional inspection reports, smart buyers should always include in their purchase offers a contingency clause for the buyer's approval of their own inspection report obtained at the buyer's expense. Most states now have some form of required seller disclosure statement revealing known home defects. However, many sellers are not aware of all their home's defects, or they might "forget" to disclose a defect. The old days of "caveat emptor" (let the buyer beware) have disappeared. Today, the new rule seems to be "let the home seller beware of the buyer and his lawyer." 5. WHAT IS THE BUYER'S MOTIVATION TO PURCHASE MY HOME? Just as home buyers need to know the seller's reason for selling, to create a harmonious negotiation situation, home sellers should ask why the buyer wants to purchase. Of course, there are many home purchase reasons. However, if the buyer has indicated a key reason why that particular house is under consideration, such as its great condition, outstanding school district, or need to move in quickly, the seller can use that information to enhance their negotiation position. 6. ASK AN OPEN-ENDED QUESTION, SUCH AS WHAT ADDITIONAL INFORMATION SHOULD I KNOW BEFORE MAKING A DECISION? There are many variations of this question home sellers and buyers can ask, especially of their real estate agents. To illustrate, a home buyer might ask their buyer's agent "What else should I know about this house?" Or the seller might ask their listing agent "If you were in my situation, would you accept or counteroffer the buyer's purchase offer?" SUMMARY : When negotiating a home sale, sellers and buyers can't ask too many questions to enhance their negotiation position. The prime reason is to determine how motivated the other party is to buy or sell. If there is weak motivation, you aren't in a strong negotiation situation. However, if the other party is highly motivated, then you are in a strong circumstance to negotiate your strongest price and terms. More details are in my special report, "How to Become a Super-Successful Real Estate Negotiator," available for $5 from Robert Bruss, 251 Park Road, Burlingame, CA 94010 or by credit card at 1-800-736-1736 or instant Internet PDF delivery at www.bobbruss.com . Back to top © 2005 Inman News Home | Real Estate Reports | Real Estate Newsletter | About Bob Bruss | Site Map



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** Real Estate Investment ** Foreclosures : Real Estate Investing Course : Foreclosure Information site map Buy Foreclosures - $0 Down Make $5,000-$50,000+ in 45 Days. FREE Foreclosure & Bank Lists included. Click Here Learn How To Make A Fortune Investing in Real Estate Foreclosures! Literally tens of thousands of homes and properties are facing foreclosure. More than 1% of ALL residential property in the United States today is already in, or facing mortgage foreclosure soon. With a staggering 1 million plus homes being foreclosed on any given day, opportunities for buying low-cost real estate foreclosures are plentiful. Every day, smart investors are amassing vast fortunes buying bank foreclosures. Real estate investing is undoubtedly one of the quickest, yet safest way to create enduring, financial wealth. Once you combine methods used by professionals with a proven investment strategy, you have a winning plan to create affluence for yourself. For the prepared individual, foreclosures give rise to circumstances for profit. Buying our ebook course gives you the essential, insider information to acquire a foreclosure home safely and earn considerable profits from any distressed property situation. Foreclosures: Opportunity For Investment There are 3 distinct windows of opportunity for foreclosure investment, each having its unique advantages and degree of risk - pre-foreclosures, real estate auction / sheriff sales and bank owned REO properties. Learning where to find foreclosures, when and how to buy them, the best foreclosure stage for investment, how to research titles, as well as deciding if a property has potential for profit are all critical to success. Our real estate investment course discloses everything you need to know to purchase foreclosure property successfully and profitably. Free Foreclosure Information & Consultation Got a question about buying foreclosures? Purchase our foreclosure course and receive crucial information direct from real estate investor / author Steve Maletos. Steve knows the strategies and shortcuts which can make you successful.Besides getting a complete investment system, you also gain a mentor at no extra charge! Steve's unlimited support and consultation is available only to students of his foreclosure course. Get FREE foreclosure consultation Locate Bank Foreclosures Bank owned, or real estate owned homes (REO) represent one of the safest methods of purchasing foreclosures, especially since their property titles are practically always guaranteed. Whether seeking safe investment opportunities, or a low price home residence, you can find bank foreclosure listings now. Hard Money Lender Source Foreclosure investing for most people will require funding. Included in both the CD-Rom and printed book version of our foreclosure courses, we provide private investor fund sources (with full contact information) who will loan investment money. We can also present your loan application to an exclusive list of hard money lenders . These are short term loans evaluated on an individual basis of property improvements and merit. Tell A Friend! Let your friends know about our Foreclosures Course materials! (or as a reminder to yourself) Testimonials Make Money in Real Estate Investment Affiliate Program Foreclosure Laws Industry Resources Foreclosure Listings Site Map Foreclosed Properties Steve Maletos Investor Mentoring Privacy Policy Real Estate Investor Loans



Colorado Real Estate -

Colorado HomeFinder | Castle Rock Real Estate, Search Castle Rock Homes for Sale in the MLS Call 800.231.9153 | Contact Us If you already have an account, sign in here Castle Rock Colorado Real Estate - find out first about the newest Castle Rock real estate listings! You learn about Castle Rock homes for sale the day they hit the market - before other buyers. Automated HomeAlert emails you new listings that fit your personal home search criteria and gives you access to all the Castle Rock Colorado real estate listings. It's easy - Just submit your email address and home search criteria. Your email is not shared or sold to anyone. You incur no obligation or cost for this free Castle Rock real estate service. Our Privacy Policy: We respect your privacy. All information provided is strictly confidential and you can unsubscribe at any time. Colorado HomeFinder will never sell or share your information with any outside parties. Click here to review our Privacy Policy . Your Automated HomeAlert Search Criteria * Required information Property Type: * Please select... Single Family Condominium or Townhome Any Property Price Range: * From Price.. 75,000 100,000 125,000 150,000 160,000 170,000 180,000 190,000 200,000 210,000 220,000 230,000 240,000 250,000 275,000 300,000 325,000 350,000 375,000 400,000 425,000 450,000 475,000 500,000 525,000 550,000 575,000 600,000 625,000 650,000 675,000 700,000 750,000 800,000 850,000 900,000 950,000 1,000,000 2,000,000 5,000,000 - To Price.. 100,000 125,000 150,000 175,000 200,000 225,000 250,000 260,000 270,000 280,000 290,000 300,000 310,000 320,000 330,000 340,000 350,000 375,000 400,000 425,000 450,000 475,000 500,000 525,000 550,000 575,000 600,000 625,000 650,000 675,000 700,000 750,000 800,000 850,000 900,000 950,000 1,000,000 2,000,000 5,000,000 10,000,000 Min Bedrooms: 1 2 3 4 5 Min Bathrooms: 1 2 3 4 Min Square Feet: No Preference 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700 2,800 2,900 3,000 3,250 3,500 3,750 4,000 4,500 5,000 6,000 Age of Home: No Age Preference New Construction Only 5 years or less 10 years or less 20 years or less Older than 50 years City Preferences: * Castle Rock Select at least one city... Arvada Aurora Berthoud Boulder Broomfield Castle Rock Denver Englewood Erie Estes Park Evans Evergreen Firestone Fort Collins Fort Lupton Fort Morgan Frederick Golden Highlands Ranch Johnstown Lakewood Lafayette Littleton Longmont Louisville Loveland Lyons Nederland Niwot Parker Severance Superior Thornton Wellington Westminster Windsor Please select if necessary Arvada Aurora Berthoud Boulder Broomfield Castle Rock Denver Englewood Erie Estes Park Evans Evergreen Firestone Fort Collins Fort Lupton Fort Morgan Frederick Golden Highlands Ranch Johnstown Lakewood Lafayette Littleton Longmont Louisville Loveland Lyons Nederland Niwot Parker Severance Superior Thornton Wellington Westminster Windsor Please select if necessary Arvada Aurora Berthoud Boulder Broomfield Castle Rock Denver Englewood Erie Estes Park Evans Evergreen Firestone Fort Collins Fort Lupton Fort Morgan Frederick Golden Highlands Ranch Johnstown Lakewood Lafayette Littleton Longmont Louisville Loveland Lyons Nederland Niwot Parker Severance Superior Thornton Wellington Westminster Windsor Contact Information Name: * First Name: Last Name: E-mail: * (Valid email address is required to receive listings) Re-enter E-mail: * Phone Contact: * Home Phone: Work Phone: Information that will help us serve you better Your level of Interest: * I have a HIGH interest in buying a home and am ready to start visiting homes now. (Please provide your phone number) I have a MEDIUM interest in buying a home, but I just started my search and need to become more familiar with the market. I do not have any definite plans to move at this time. I am just curious about the listings that are currently on the market. I currently: * live in Colorado plan to move to Colorado Your Comments Any additional information that will help us better understand your needs I agree with Colorado HomeFinder Terms & Conditions Just getting familiar with Castle Rock Colorado real estate? Or, do you know the exact street where you want to live? No matter what stage you are in your Castle Rock home search, Automated HomeAlert is for you! The latest technology makes finding Castle Rock homes for sale easier than ever ! Automatic email notification of new listings and access to all the Castle Rock real estate listings from all the brokerages saves you time - and makes searching for homes fun. You are in control! Colorado HomeFinder lets you search for Castle Rock real estate at your own pace. If you are just thinking about a buying a home, no problem...the Automated HomeAlert System is a great way to get familiar with the Castle Rock Colorado real estate market. If you are ready to start seeing Castle Rock homes in person, just let us know. Our local, licensed Castle Rock REALTORs can show you any property on the market. Get matched with a great Castle Rock REALTOR When you're ready for the assistance of a Castle Rock REALTOR, we will match you with the Colorado HomeFinder REALTOR that knows your target market best. Colorado HomeFinder agents are hand-picked REMAX professionals that average over 15 years of experience. We're a Colorado company, not a national referral service with a "list of agents." Our REALTORs are some of the best in the business and are true Castle Rock Colorado real estate market experts! Colorado HomeFinder, RE/MAX Alliance 4770 Baseline Road, Suite 200 Boulder, CO 80303 Castle Rock HomeFinder | Buy a Castle Rock Home | Sell a Castle Rock Home | Castle Rock Homes for Sale | Browse Castle Rock Listings | Castle Rock Realtors | Castle Rock Mortgage | Castle Rock Relocation Call toll free (800) 231-9153 or local (303) 543-3083 to be connected with a local expert Castle Rock RE/MAX REALTOR. New listing emails: Castle Rock Colorado Real Estate Denver Real Estate | Boulder Real Estate | Fort Collins Real Estate | Colorado Real Estate Broomfield Real Estate | Castle Rock Real Estate | Evergreen Real Estate | Highlands Ranch Real Estate | Littleton Real Estate We're a Colorado company with a network of hand picked RE/MAX REALTORS in 17 local offices across the state. 2005, Colorado HomeFinder , all rights reserved. Each office independently owned and operated. Privacy Policy | Terms of Use



Land Loan With a

15-Year Fixed Rate Land Loan Thursday, December 29, 2005 Serving our 'Fire Family' since 1935 ©2005 Los Angeles Firemen's Credit Union 15-Year Fixed Rate Land Loan With a fifteen year term, you'll have a shorter loan life and pay less in interest than a thirty year term. And, if a low payment is not a priority, then you'll receive a greater savings benefit from a lower rate. Features: No fees 15-year fixed rate loan 50% loan to value $359,650 loan limit 45 Day Rate Lock from date of completed application Only two (2) land loans permitted per household Available in all states that the Credit Union currently lends in, subject to verification of all applicable State laws > Apply Now > Check Rates This loan is a 15-year fixed rate loan, 50% loan to value with a limit of $359,650 (secondary market conforming loan limit.) Loans may not be used for business purposes and may not be located in a commercial or manufacturing area. Rates are subject to change daily. A one-point fee, if applicable, is based on the loan amount. Year-end rebates may apply at the discretion of the LAFCU Board of Directors. Participation in this program will not be confirmed until the completed application has been submitted to the Real Estate Department. All requests will be processed and must meet LAFCU's underwriting guidelines. Funding of these loans is subject to credit approval and verification of employment, equity, and all other related file documentation necessary to qualify applicant(s). The principal and interest payments for a 15-Year Fixed Trust Deed Land Loan in the amount of $180,000 at 7.75% results in monthly payments of $1,694.66. Mortgage Loans > Check Mortgage Rates > First Trust Deeds > Second Trust Deeds > Home Equity Lines > 7/23 > 15 Year Fixed > 15 Year Fixed Land Loan > 20 Year Fixed > 30 Year Fixed > Construction Loans > Non-owner occupied properties > Vacation / 2nd Home > Rental / Investments




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