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It is an undeniable fact that more often than not, many home owners are put into a situation where they could no longer pay off their mortgage because the properties were undervalued - priced lower than the loan obtained. If one thinks that foreclosure could be the only remedy then that is wrong for there are still others, and one of which is short sale by which the the owner proposes to the lender the sale of the mortgaged property at a lesser price in order to benefit both parties.
As the real estate industry has grown rapidly, competition has become more stiff and posing a great threat and challenges to both new and old industry players.
Advertisement are carried out in order to make one's company visible. Thus, various marketing strategies should be well planned in order to be viable. Focus on marketing strategies that gives minimal or zero cost.
Enhance your marketing efforts by making use of free advertising websites. Learn the basics of SEO
The trend in real estate nowadays is going into creative financing which is termed as such by most investors for it does not make use of the tradition methods of real estate financing.
Otherwise known as leveraging, creative financing aims to purchase or finance a property, with the buyer/investor using a very minimal amount. These methods would therefore enable an investor to purchase multiple properties with a very little of personal money involved or even none at all and reaping
I found this really useful post about website development for Real estate people:
[QUOTE=Johngalt;81992]There are various factors that make a real estate website great. Before building your website keep the following in mind.
1)[B]Build on open source [/B]- The best system available is the one that can take advantage of free and paid plugins. Joomla and Wordpress are two amazing products that allow agents to expand their core system by downloading
A very basic question that might arise among the beginner investors in RE or even among those people who are just planning to get involved into this field: "Is using own money absolutely necessary? or people can use someone else's money for investing too?"
While both can be done easily, each of them has different effects on your business and people who you're dealing with.
I found this very interesting discussion here at Real Estate Forum, and I'm quoting
Updated 01-03-2011 at 09:25 AM by DerrickSakai