Any decision to buy or sell a house invariably turns out to be an emotional one. A study has revealed that people tend to buy properties more due to emotion and not based on logic. As you approach the prospects of buying your next home or investment property or selling either, for that matter, keep in mind that you’re about to go through a Grand Canyon of emotional ups and downs. It is said that while buying properties, people gain emotional rewards but they subsequently justify their purchase with logical reasons. Market men say that the buy/sell advertisements must trigger emotions that will persuade the prospects to impulsively act. The single largest reason why people buy homes is in response to their emotions. A study on emotions and their effects on the buying process conducted by University of Florida stated “Americans More Likely to Let Their Emotions Do the Buying” and “emotions were nearly twice as important as knowledge in buying decisions.”
It is interesting to note that several sales training institutes even has a course entitled: “Emotional Response Marketing – The Key to Producing Results.” Quite often a buyer buys properties because he liked the property appealed to his ego, sense of pride, or even a feeling on envy that he should have more than the John next door. People never buy a house in a spirit of emotionless stoicism although they later hypocritically justify the decision as being logical. If we all purchased homes only based on logic, then we would be living in the most basic property that met our basic needs. But it is never the case. Honestly speaking, part of the real estate frenzy of the last several years was driven by emotions. Read more... (594 words, estimated 2:23 mins reading time)
Business, that’s easily defined – it’s other people’s money.
Peter Drucker
It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.
Donald Trump
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.
Warren Buffett
Investing in real estate is about using other people?s money to increase one?s own personal wealth. It is not hard to hear a well-known business figure wax poetic about real estate. Robert Kiyosaki has said that he loves real estate because it is dumb as dirt. Meaning real estate is easy to understand and that anyone can master the fundamentals and build wealth using real estate.
The tax advantages alone make real estate a worthwhile addition to anyone?s wealth portfolio. Imagine having a property that pays you 00 per year positive cashflow and imagine that that income is tax-free. What if you had 5 such properties? What about ten?
If these things are true, why do so many personal finance blogs steer clear of the topic of real estate investing while extolling the virtues of long-term investing in the stock market? And why have so many investors lost their investments through foreclosure because of this most recent real estate bust? Read more... (1080 words, estimated 4:19 mins reading time)
Real estate investment in Canadian property has escalated over the past few years. More and more immigrants are buying or renting properties in places like Toronto, Brampton, Mississauga, Oakville, George Town and Burlington. These places hold tremendous potential and offers great opportunities for investing in real estate. Canada has a huge real estate market for residential properties, commercial properties, and rental properties. The growing infrastructure, warm people, diverse culture, great weather, residential tourism, and migration from other countries have all made these places highly popular and increased the growth prospect for real estate.
Buying Property in Toronto, Brampton, Mississauga, Oakville, George Town, and Burlington Read more... (509 words, estimated 2:02 mins reading time)
Real estate investing in Miami real estate is now becoming popular again as there are many properties in foreclosure, short sale, bank reo’s, and government foreclosures. With such an overwhelming inventory of homes available for sale a real estate investor must be able to determine which one to purchase. Investors must follow six steps in order to learn, understand and achieve Miami real estate investment success.
These are the six L steps to Miami real estate investing:
1. Location – Location, location, location is still the key of buying Miami real estate. Buying Miami real estate just because the price is low in a declining area is big mistake that should be avoided. Look for homes in an excellent location like, good schools, economic stable and growing neighborhoods, near shopping centers and malls, near bus stops and metro rails, near hospitals and restaurants. Sometimes it is better to pay a little more for a property in a good location than getting a bargain in a place where it is very hard to sell or rent the asset. Location is often overlooked in purchasing real estate as many investor think they can overcome a bad location if the price is low enough. Out of two homes that are exactly the same, the one in the best location will command a much higher sales price and rental income. Location is the number consideration when purchasing Miami South Florida real estate. Read more... (993 words, estimated 3:58 mins reading time)
Is there anyone in your town that doesn’t know that you buy houses or that your are a real estate investor? If so, you aren’t performing as well at marketing or supplying real estate investing information about your real estate investing business concern as well you should be. I see real estate investors stating all the time that they aren’t getting seller calls and subsequently aren’t acquiring the leads they need to find the real estate deals they need to earn a living. I say increase the marketing and the sellers will call. Not only that but if you are saturating the world (or at least your area) that you buy problem real estate properties, eventually you will be acknowledged for what you do and sellers will telephone you strictly on your reputation. this is what is called cost effective marketing. Read more... (2675 words, estimated 10:42 mins reading time)