Posts Tagged ‘crisis’
Selling homes in economic crisis
January 26, 2012 | Author Mark
Banks, savings banks, developers, individuals have a huge inventory of homes that do not get put on the market. Selling houses is a difficult art in the current … There are extraordinary professionals that display the best services without success …
We picked up some tips, tricks, methods to sell homes and real estate during the economic crisisy. Our 10 gold tips are:
1. Set a realistic price in current market conditions. You can not sell if your immediate environment this type of housing is given to the lowest price, or given the fact that it does not sell any property. Take time to read about the prices of similar homes that are for sale.
2. Unlike housing. With the level of unemployment in Spain and the very low level of activity in construction is readily available and very cheap postponed deadlines to differentiate your home. Enter substantial improvements to distinguish cheap property for sale. Innovation and product differentiation. Home automation, Internet access, aesthetics, fencing, painting, gardening, a home “green” solar panels, energy saving, etc.. and so on. … can be very small investment which separate housing and reassess. Take care of details. Leave it as if you were to live you, but depersonalize the house: no personal details.
3. Provides favorable conditions for financing and paying for housing. The worst thing for a developer or owner is not selling and maintaining stocks. Posed formulas deferred sales milestone payments after passing the worst of the crisis. Make a custom suit the buyer. Everyone thinks that the crisis will not last more than two years, if you avoid stress of uncertainty in bad times, will become more daring to buy the house you like or need.
4. Concentrate your efforts in promoting housing in those groups or segments that can really be interested. If you have previously solved the above issues is time to think about promoting housing. Can you get in touch with the families of people living near your home? Sometimes a promotion among people living nearby is the best way to sell. People want to have your friends and family near where they live ….
5. Sell to people who come back to the city. Is there somewhere in your city or place that is creating new jobs that come from outside? Immigrants, expatriates … Get contact. Make attractive brochures, unique. Offers car and find them housing teach.
6. Sell the house and its surroundings. Identify all the strengths of the environment one by one, put them on a digital map (eg Google Maps) and “sell them” also in conjunction with housing. They can identify how much time you walk or by car, bus, the nearest pharmacy, health center, school, grocery stores, movie theaters, restaurants, parks, recreation, or the most interesting services. It may be a central location, or a future site, quiet …. both have their advantages … Identify them and sell them well!!
7. Foreign demand exists and the Internet can get to connect to it, consider it. Conventional markets UK, Germany, Scandinavia are down … But what if they changed the product (point 2), have different and you have done to your liking …. In any case there are new untapped markets: Russia, Eastern Europe, Arab countries, Turkey …
8. Promote your home on the Internet wisely. You have many possibilities for the sale of housing sites, ads, social networking (twitter, facebook …)… But the best is to try to sell it in places where your home is not much competition and give it a very Read the rest of this entry »
Posted in Housing, Real Estate Tips | 
Tags: crisis, housing, real estate, Selling house, Selling real estate | 
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More than half a million families will lose their home between 2008 and 2015
January 13, 2012 | Author Mark
About 150,000 families have lost their homes due to inability to pay the economic crisis, but this could multiply in the coming years. according to a study of the association affected by foreclosures and auctions (AFES) in 2015, the number of families who have lost their homes will rise to the 510,000
AFES says that 150,000 families have already lost their home since the crisis began in 2008 and more than 135,000 others are in the process of foreclosure. also estimated that these must be added the 133,000 who can no longer keep paying the mortgage and another 100,000 who can not pay their dues in the next two years as a result of bleeding in unemployment
This drama also will invoice to the bank. by AFES, financial institutions on their balance sheets assume a loss of about 34,000 million in the next four years from mortgages to individuals, since each mortgage is executed 30% capital loss for the Read the rest of this entry »
Posted in Real Estate News | Tags: AFES, crisis, financial, foreclosures, home, unemployment | No Comments »
Evictions could be avoided with 2% of the money injected by the ECB, said ADICAE
January 10, 2012 | Author Mark
Users association of banks, savings banks and insurance (ADICAE) estimates between 1% and 2% of 490,000 million euros that the European Central Bank (ECB) injected into the Spanish banking the money it would take to kill mortgage evictions in that country
ADICAE requests the new popular government to approve a mortgage moratorium of three years for those who have trouble paying their dues, which “would have little cost to the state coffers.” He argues that this would give families a “second chance” and that this injection of liquidity would be enough of how much the 2% that Spanish banks have received the ECB in the last auction
Manuel Pardo, president of ADICAE, insists on taking action against the tragedy of foreclosures, a sign that “banks and consumers are paying the crisis with Read the rest of this entry »
Posted in Real Estate News | Tags: ADICAE, cost, crisis, ECB, Evictions, mortgage moratorium | No Comments »
Tips for buying apartment in times of crisis
January 7, 2012 | Author Mark
If you need to buy an apartment, a house now that we are all in crisis, it is good to have some clues into account when assessing what is going to find in the market.
Assess what you have fixed income, this analysis they will do nothing in your bank as you walk through the door, because before you know what to say.
Their income can borrow only at most about 30% as banks, over 40% according to you, if you know very well managed. You know how much the bank will put in red.
On the monthly amount, calculate a mortgage for 30 years. No more but then you sign anything, but to begin to assess possibilities, not to exceed those years.
Calculate annual interest on the 5 / 6%, you better not be fooled.
Between 30 and 32 euros per million requested by the bank (6000 euros)
You know how much it will be able to ask the bank. Another thing is what the bank will be able or want to pay.
Right now if you have the lowest incidence was not to grant credit, they will not concede.
And if it is impossible to deny credit, I say it’s a very bad time to buy, will tell you that is not stupid (yes, most beautiful words) and wait.
It’s a lie. It’s just that the banks have no money to lend, and therefore any attempt to try to curb credit application. They are waiting for other customers redeemed.
Click on the bank you know. If you are taking guarantors, they must be pressed, they should say that they will withdraw the bills, or that they will lend money if the bank that closes the liquidity, which take the savings and payroll. Everything serves as long as you listen.
Remember, if in doubt, it denied placing any reason, we ask guarantors impossible.
Never, ever, fall into the hands of lenders. NEVER.
Work only with banks or savings banks.
Well, when you know what banks can loan you is when you should start looking for the floor. Do not do it backwards.
If you buy on site, very careful with the builder. Today all are in trouble. And make sure when signing the mortgage for the keys, the bank is not going to put impossible. Make sure the builder written or promoter what would happen in that scenario.
Today you can find second-hand story tighter. Be wary of the price they ask, bargain, press, compare to other floors of the environment, know if you buy expensive or cheap by comparison, is not the best system, but at least it is simple and can earn a few thousand euros.
In recent months are selling some floors, but in the central neighborhoods of cities or neighborhoods but well equipped modern infrastructure. Do not forget to check very well the area you are going to invest the best years of life. That is not far from downtown, which has close and private utilities in sufficiency. Schools, clinics, transportation, shopping centers, parks and commercial fabric of neighborhood shopping centers are not traditional.
Insist on your floor a consistent quality and price, and if second hand go to the Read the rest of this entry »
Posted in Real Estate Tips | Tags: apartment, buying apartment, crisis, fixed income | No Comments »