Archives for: November 2008, 17
Buying Down Interest Rates For Your Buyers Instead of Discounting The Price
November 17th, 2008At our monthly real estate investor meeting last week (here in Northern Colorado), I discussed with the group my preferred strategy for getting a huge marketing advantage to sell houses quickly for full price. This is the strategy I recommend BEFORE deciding to drop the price on your properties. It is especially effective with low interest rates.
Here's how it works. Let's say you are trying to sell a $200,000 home and you'd consider dropping the price $10,000 and selling it for $190,000 to get it sold quickly. Rather than dropping the price $10,000, you might instead consider
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Voluntown Housing: $49.34 Per Square Foot
November 17th, 2008We just had a researcher submit some very basic information about a house for sale in Voluntown to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Eastern Connecticut, Connecticut Real Estate Resources is located at 89 Lillibridge Ave, Voluntown, CT 06384.
This 3/1.00 1,216 square foot property has an asking price of $60,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $72,000 (120%) | $59.21/square foot |
| $69,000 (115%) | $56.74/square foot |
| $66,000 (110%) | $54.28/square foot |
| $63,000 (105%) | $51.81/square foot |
| $60,000 Full Price | $49.34/square foot |
| $57,000 (95%) | $46.88/square foot |
| $54,000 (90%) | $44.41/square foot |
| $51,000 (85%) | $41.94/square foot |
| $48,000 (80%) | $39.47/square foot |
As you can see from the table above, if you know what a typical Voluntown property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Do you know how to use direct mail to find and/or market great deals in Eastern Connecticut? You might be interested in learning time-saving strategies for getting the most out of this powerful marketing medium with Jassen's audio CD: Buying Houses with USPS Post Cards. Learn the difference between one and two step marketing and more on this super informative CD.
Sincerely,
James
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Wholesaling Plan and Real Estate Investor Career Options
November 17th, 2008We've got some very exciting information this week before we head into the Thanksgiving holiday next week.
If you login and play the Learn To Be Rich™ Game this week and complete a full game, besides learning a great deal about business, your finances, investing and real estate, you'll also earn yourself a free real estate course download.
The download for this week is called: Real Estate Mentoring Call Volume #6: Wholesaling Plan and Real Estate Investor Career Options. This audio CD which you can download as MP3 audio files, will help you learn about a plan for wholesaling real estate for immediate income as a real estate investor and go over some of the options you have available to you as a real estate investor considering investing as a career.
Just login, start and finish a new game and on the End of Game Summary page, you will see a link to download the course. The link will disappear at the end of the week, so download it now.
Or, if you'd rather not play the game this week, but see the value in the real estate course, you can order a physical CD and have it rushed to you by using the order link below.
Until my next post,
James
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