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Applying Fast Break Deals In Real Estate

Mar 9, 2008
Internet is not synonymous with technology but rather only a part of it. There are computers, management software, smartphones, global positioning systems, online mapping, intranets, printers and more. All of these gadgets can work for you in the world of real estate. With the help of technology, you can create a virtual assistant that can function more efficiently and tailored to your needs instead of hiring an employee.

If you feel at a loss on how to use technology, then hire someone who knows how to maximize it for your business. Being able to ride on the technological advances will ensure you entry to a global market that is literally at your finger tips. The sooner that you get it working for you, the better and more efficient your real estate business will be.

A short sale means that a seller�s lender is accepting discounted pay to enable the release an existing mortgage. Even if the property has short sale terms it is not an assurance that the lender is going to accept the offer even if the seller is accepting it. Buyers usually go after short sales to get a better deal but it is not as simple as it seems.

Before a property is considered for short sale, the seller must be in default or stopped mortgage payments for a period of time and the seller might have owed more than the actual amount of the property which brings the property along the market value price but not below it.

typical real estate agent would receive commission rates anywhere from 5 to 7 percent based on the final sales price of the property. An average sale price figure for a single family home is about $177,000, an average commission of $10,600. These people are not experts in the field but rather are middlemen who link you to the right people for marketing exposure.

If you sell your property yourself and employ smart advertising, a potential profit of $10,000 could be yours from the sale and not go to the agent. There are a lot of things that $10,000 can do for you in terms of your needs and desires. So who would you rather get that amount, a real estate agent or you?

During the time when home prices were soaring and interest rates were low, it was easy to earn big money out of the equity you get just in a few months. Things are not so much the same now, if you are going to borrow against the value of your house, it has to be for something with a future long term value like your child�s education and not simple whims like a high definition television.

Pouring a reasonable amount of your savings into improving and renovating your home to improve its value is sensible. There is however nothing wrong with buying high priced items as long as you can afford them and for the right reason. Making sensible improvements to your home and being able to sit back and relax is the most legitimate and important reason to become a home owner.
About the Author
Jon Caldwell is a content manager. Much of his articles can be found at http://realestatebuyandsell.net
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