Up Or Down? What Will Happen To Your Real Estate Investment Market In 2010

By Bob Massey

These days it's hard to know what is happening in the housing market. Is it rising or falling? There are plenty of people out there trying to predict what is going to happen. The problem is that they are looking nationwide or citywide. Investors need to know what is happening in their specific farm area, though. Here are the top ways to determine whether your market go up or down in 2010.

There are a number of factors that drive real estate prices up or down in any given area. Each market reacts to its own set of conditions, and even different neighborhoods and types of properties will react according to its own set of circumstances.

To narrow the trend data down to your area, look at trends within a 1 mile radius of the center of your area and look at homes that are within 10% of the square footage of the median size home and lot that you are looking for.

Home prices are for the most part determined by the months of housing inventory available. Price changes tend to lag behind changes in inventory by about 6-10 months. So if housing inventory increases, you will see a decrease in prices about 6-10 months later. If the inventory decreases, prices will then rise about 6-10 months later. Real estate investors are able to use short sales to offer deeply discounted prices when they sell houses before the rest of the homes in an area catch up.

As a general rule, prices will fall if there are 8 or more months of inventory available. They will rise if there are 2-3 months available. This is a solid rule to use for your market in 2010.

If your area has a high demand for starter homes that was not quenched by the first round of the First Time Homebuyer credit, there may be a continuation of the feeding frenzy experienced in some markets. With the extension to all buyers, a larger supply of starter homes may be available in some markets, spurring sales and boosting prices. There are indications that the tax credit is just a minor factor in the economic recovery picture, though. Only 6 percent of homeowners who bought homes for the first time this past fall did so because of the tax credit.

Members of Gen Y, those born between 1977 and 1994 are now in their prime home-buying years. A small increase in demand could spark new building in the areas of the country that were able to generate jobs and stay relatively stable during the recession.

Another factor that drives prices is cost of ownership. The U.S. Treasury will play a part in determining whether 2010 is naughty or nice to homeowners. The Federal Reserve showed little incentive to raise interest rates in 2009, but things may change in 2010. There may be pressure on the Fed to increase interest rates to attract more buyers of U.S. debt. Even a small increase in interest rates will drive potential home buyers out of the market.

State income taxes and local property taxes could increase in the coming year as the local governments face pressure to balance their budgets in 2011. Any increase in property taxes will decrease the number of buyers in the market.

Last, but certainly not least, will be the impact of foreclosures on the housing market in many communities. I believe there will be spikes that occur in markets that heavily used the Option ARM for mortgages between 2004 and 2007 that are going to reset higher as interest rates push payments up. Communities still drowning in unemployment will also experience higher foreclosure levels.

These are some of the factors that will have an impact on home prices in your local market in 2010. Make sure to apply the ones that fit, because each market and micro-market will act differently this year. - 31386

About the Author:

Successful Selling On Ebay Secrets-Ebay Marketing Tips

By Todd Schuyler

Do you want to be a successful eBay seller? Do you want to learn how to start a eBay online business. Here's a simple, 10 step path to eBay selling success.

Step 1: Identify your particular product market. Take a while to sit and watch for what sells and what doesn't out of the items you're interested in selling. Any market research data you can collect will be very useful to you later on. You'll probably see those one or two items that always seem to sell for a good price.

Step 2: Watch your competition. Before you invest any money, see what the other sellers in your category are up to, and what their eBay marketing strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own selling game.

Step 3: Find a product to sell: Get hold of a supplier for whatever it is you want to sell, and see what the best rates you can get are. Don't be afraid to ring round quite a few to get the best deal. If the eBay prices you've seen are higher than the supplier's, then you're set.

Step 4: Start small: Don't spend lots of money on your eBay business right away. Start slowly, see what works and what doesn't, and learn as you go along. Remember that it's very cheap to try out even the wildest ideas on eBay, and who knows, they might just work out after all.

Step 5: Test and keep repeaing. Keep trying different eBay marketing strategies until you find something that works good, and then don't be ashamed to keep doing it, again and again. The chances are that you've just found a good niche product.

Step 6: Create a eBay business plan: A eBay business plan doesn't need to be anything formal, just a few pages that outline the market opportunity you've spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.

Step 7: Invest and expand the plan: This is the time to throw money at the problem. Buy product inventory, and start spending more time on your eBay business. Set a goal number of sales each week, increasing it each time.

Step 8: Make you're eBay business official: Once you've made a few thousand dollars worth of sales, you should register yourself as a business. Don't worry, it's not too expensive or difficult to do. A lawyer is the best person to help you through this process.

Step 9: Automate the selling process: You'll probably find that you're writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.

Step 10: Never quit: Even when it looks like it's all going wrong, don't stop trying to sell on eBay until you successful. If you keep working at it then you'll almost always find that you make a real breakthrough just when things are starting to look real desperate.

Once you get into the swing of things, you might start thinking that you should quit your job and take up eBay selling full time. But it's not always as easy as that. There are all sorts of factors that you need to consider. I recommend selling on eBay part time. It is a great way to make extra money.

Are you at a loss for wholesale products to sell on eBay? Don't know where to find products to buy wholesale and sell on eBay? SaleHoo is the best place to find legitimate, pre-screened wholesalers, dropshippers, liquidators and manufacturers for every type of product imaginable. - 31386

About the Author:

Sell Your Home in a Slow Market

By Darlene Strang

If you have tried to sell your condo and have had no success, read on. There may be many reasons why you've been unable to hang a "Sold" sign in front of your home. Keep in mind that the real estate market has recently slowed down and is slow to pick back up. Because of this change in the market you may no longer expect the overnight sales experienced in the past. Though the economy is in the process of recovering it will be some time until the housing market fully recovers.

However, there is some good news. Properties in Edmonton, Alberta are selling very well. The tax records and the Edmonton MLS show thousands of sales in the past few months.

If you want to sell your home, you need to do look at some basic elements and compare them against certain standards in order to figure out what needs to done. Typically there are 6 reasons why a property does not sell.

Reasons Why a Property My Not Sell:

Get Help: The first thing to do is to enlist the aid of an experienced Realtor. If you're hesitant or insistent on trying to sell your home with a private listing, think on the following: a good Realtor can get you 7-20% more than a private sale (dismissing the notion that you save money with private sales), you don't have to market your home yourself, you get the expertise of someone how knows what they are taking about.

Be Open to Constructive Criticism: Yes it is your home and you may be proud of it, but that does not mean that it will sell. Part of a Realtors job is to make your home ready for showing and ensuing that it will appeal to potential buyers. In order to make the process as smooth as possible it is important to maintain an open mind. Be open to the fact that repairs, upgrades and changes in general may have to be done. Never take the pointers as an insult but look at it from the prospective that it will help your property sell that much faster. Another point that many sellers typically find difficult is the listing price. Since the economic boom, many people think that they will be able to sell their home far above market prices. Remember that the economy has suffered and it will take some time before the housing market goes back up.

Stay tuned for part 2 - 31386

About the Author:

The Basics Of The Real Estate Market London Ontario

By Adriana Noton

London, Ontario is a wonderful city to live in. You will certainly not find many inhabitants who disagree with this. It is located in a strategic spot between Windsor and Toronto. The city boasts excellent amenities and provides for a great lifestyle. For those of you who plan to move there or perhaps buy another property, we will briefly examine the London Ontario Real estate market.

One of the very first things that you have to do if you are interested to buy real estate in London, Ontario is to meet up with a recommended real estate agent. The best way you can probably do this is to visit the city yourself. Drive around and get to know the city. Look for homes for sale. Make sure you know all the major highways and places that you will have to visit regularly. Then ask locals to give you a recommendation for an estate agent.

Once you have found a suburb that you like and you have located an estate agent with a very good reputation, ask him/her to show you a few houses that are available in the area. Don't be in a hurry to sign anything. Remember that you don't know the city and you can easily make a mistake at this stage.

If you find a property that both you and your family like, don't sign the first day. First take time to consider all the pros and cons. How easy is it to get to the highway or public transport from the property? What is the expected capital growth for that area? Are the other properties in the neighborhood well maintained?

The price of an average house in London has increased by more than 50 percent during the last 7 years. The current financial crisis in the world has also had an effect on London property prices and during the last year there was no further growth in prices. This makes it an excellent time to buy. There can be very little doubt that prices will very soon start increasing again.

Once you've found a house that both you and your family love and you signed the contract, it's time to locate a reliable relocation service. Personal recommendation is always an excellent source to find the best ones. Try to find out if someone moved into the neighborhood recently and then talk to them about the relocation service they used.

Never forget that your house is a long term investment. As in virtually every other place on earth, the Real estate market london ontario favors properties that are well maintained both inside and outside. Make sure the house is painted on a regular basis and that the garden is immaculate. When it becomes time to sell again one day, you'll find that your time and money were wisely invested. - 31386

About the Author:

Common Condo Questions:

By Darlene Strang

When purchasing your first condo it is a good idea to know the inner workings of a condo building.

What are common areas? Common areas are pretty self explanatory. Anything that more than just the owner of an individual suite makes use of is typically considered common. These areas's fall under the building responsibility to maintain and are a part of condo fees. Depending on the building windows, decks and pipes may be considered common property. Though having windows and pipes included in common property may benefits some owners, be warned that should major repairs take place, such as new windows for the building, a levy may be required to the tune 20,000 or higher.

Why you pay Condo Fees: Condo fees are split into 3 main categories: building maintenance, utilities and reserve fund. Maintenance such as: cleaning and repairs come out of condo fees are typically governed by the condo board. Depending on what the building decides in the begging some or all utilities may be covered by monthly condo fees. Building the reserve fund is a big priority for all condo boards and as such a portion of all fees are held in reserve for big costly repairs or renovations. The exact dollar figure is typically determined using a formula that factors the square footage divided by the cost per square foot.

What is a Levy? When there is an insufficient amount of funds in the reserve fund of a building and a major renovation, repair or upgrade has been deemed that is needs to take place a levy may be called to pay for it. A levy may be called for anything from redoing the roof to having to repair all the pipes in the building.

Condo board associations: Getting involved with your condo board is in your best interest. The board handles the affairs of the building including, but not limited to: repairs, condo fees, addressing owner questions and concerns, future plans etc.

Renovations: When renovating your condo you must ensure two things: 1) get permission in writing from the board. 2) Get a contractor that can tell you what you can and cannot change, removing a structural wall can spell disaster that you are liable for.

Your Pet: Be aware of the buildings rules surrounding pets. Many condo buildings in Alberta do not allow pets and have been backed legally. Take a look at the buildings policies to be safe. - 31386

About the Author:

Selling Your House In Buyers Market

By Irish E Danner

Why is it some home sellers struggle more than a low flow toilet while others get a contract right away?

Could it be the fast sellers have better marketing tactics? Perhaps. To help with that here are six things you can do to sell your house faster and for more - even in a tough buyers market. In no particular order they are staging, pricing the house right, creating curb appeal, flaw free presentation, using a good agent, and offering tempting incentives. If you diligently follow these tips the SOLD sign will appear before you know it.

In a soft market it's vital you price your house right. Using the sales price of comparable homes sold recently as your guide. That's a true indicator of what the market is paying for similar properties. New listings priced right shouldn't linger because buyers are watching for reasonably priced options. Don't miss your opportunity.

Get the house professionally inspected. This will highlight potential problems before they become a problem identified by the buyers inspector. Plus an inspected house is like a certified used car. Buyers can bank on the fact that a third party says there is nothing materially wrong with your house that hasn't been addressed.

Appearance is everything. Which is why some find hiring a pro to help stage their house to be a good investment. This goes beyond paint and elbow grease. It's a way to help buyers see themselves in a house that is appealing and fits their needs. Think of your house as a product. You want to impress with what you're offering. Staging is a way to do so.

Turn on the curb appeal. You want the external appearance, or curb appeal, to dazzle any buyers as they drive up. Things like painting the front door, planting flowers, laying down fresh mulch are proven ways to make the first and best impression you can.

Juicy financial incentives vary both in type and how much they help seal the deal. Still it's not uncommon to pay the closing costs, throw in an HDTV, lawn care or maid service to win over buyers. Although I feel if your house is priced right, you likely won't need to resort to such tactics to close the deal.

Experience counts when it comes to real estate agents. Especially in a market glutted with houses for sale. So find a full time Realtor who knows the area. One who's been in the business during both boom and bust times. And don't be suckered in by any who promise to get more for your house than you know it's worth.

Granted these six ideas are just a starting point. But they can also take you a good part of the way in cinching the deal. Don't put a house on the market without carefully considering each for your situation. - 31386

About the Author:

Estate Agency Nottingham

By Richard Webber

Elite homes are a new kind of estate agency in Nottingham that cater for expensive properties. If you are looking to sell your home and it is above 350,000 they can give you a service that is more likely to sell your home.

Their valuation will be a true reflection of the value of your property, but to maximise what is obtainable they offer a complimentary home staging solution for those that would like to take advantage.

The service can be made available free of charge to all of their vendors in an attempt to present the property at its best to match buyers requirements, increase the value and hopefully ensure a swift sale.

Their marketing is different to the other estate agents in Nottingham. As they are geared up to sell more expensive properties they have to raise their game, and therefore they use professional photography - no quick snaps with a cheap digital camera.

A professional graphic design and layout specialist is also employed to look at the Internet listings, as well as the brochures and traditional paperwork. This is to make sure that your properties details stand out amongst the hundreds of other listings in Nottinghamshire, Leicestershire and Lincolnshire.

Once you have a Rightmove listing and a listing on their site - www.elitehomesuk.co.uk then they contact their well maintained database of potential purchases to generate more interest.

Then they contact you with regular reports. With people's busy life styles and extended working hours these days communication and contact can sometimes be an issue, and this is where Elite Homes have adopted a new innovation in Nottingham estate agency. They give you your very own page on their website with your own user name and password, so you can log in and see notes made on your property at any time.

As an estate agency based in Nottingham they are ideally placed to sell homes in Nottinghamshire, Lincolnshire and Leicestershire. If you're property is above the 350,000 and you would a no obligation consultation why not call Elite Homes. - 31386

About the Author:

Sign Up for our Free Newsletter

Enter email address here