Posts Tagged ‘housing’
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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Let’s drop the price of housing
January 21, 2012 | Author Mark
Some experts claim against the expenditure that has been done to maintain prices after the U.S. government has implemented numerous plans to keep housing prices artificially waiting for an economic recovery, some economists and analysts are urging the Obama administration to stop the housing market to fluctuate freely up to a crash if needed (talk about a decline of more than 10%)
In their opinion, would allow the entry of new buyers at low prices that would bring in a natural way the desired stability of the housing market that the government is seeking to spend millions of dollars that are just getting (the price of housing plummeted in recent years, home sales are minimal). is that in recent months the U.S. government was quick to intervene in the market using tax credits, changing mortgage programs, promoting low interest rates, among other measures.
Clearly, the article explains the new york times, would hurt a major group from the standpoint of political and economic: the owners of flats, that the more “poor” feel, the less spent on consumption.
Certain alarms jumped last week when Secretary of Housing and Urban Development, Shaun Donovan, said that would do everything necessary to ensure that the housing market recovers, which was subsequently denied by the administration.
Some experts say the government’s attitude so artificial keeps Read the rest of this entry »
The large reduction in housing will come when the government decides what to do with the floors of banks
January 11, 2012 | Author Mark
There are over 750,000 empty houses in Spain, but sales are at historic lows almost complete closure of the mortgage tap. toxic property assets are stacked in the balance sheets of banks and block the granting of new loans, causing a situation that will continue until the government decides how to clear these balances. when it does occur the arrival of substantially cheaper prices, experts say
financial institutions are setting the pace of sales and the price at which transactions are closed, the high volume of apartments available and because they are the key to a buyer to get a mortgage that allows you to access the home you want. “The key that prices have fallen more is that much of the new work is in the hands of banks and do not care much to go at realistic prices because that would create a hole,” says Antonio Cabrales, professor of economics at Universidad Carlos III de Madrid
cleaning up bank balance sheets going to force them to give out to your floors, thus enabling the credit flowing again. The government has not detailed how it will address the process, even down a depreciation of assets from the banks of Read the rest of this entry »
Posted in Real Estate Bloom, Real Estate News | Tags: banks, credit, credit flowing, financial, housing, toxic property | No Comments »
The price of housing and its involvement in the economy
January 3, 2012 | Author Mark
One of the drivers of growth in the housing sector was low interest rates. Some extremely low financing costs were responsible for boosting the demand for housing which in turn fueled the building of these. In the middle of the housing boom in real interest rates were negative for several years. If we add an increasing population and the need for housing for baby boom generation can understand how it was the boom of the brick.
As the economy moves.
If we analyze the elements through which the downturn in real estate is transferred to the rest of the economy we find that the fall of property prices reduce wealth (asset value) and therefore the financing capacity of individuals and companies.
The deflation of property prices has a direct relationship with the growth of GDP, credit and unemployment. In fact this fall in prices not only anticipates downturns in economic activity but in addition, is the causal part of the process of slowing down.
The construction sector is one of the more cyclical sectors with a multiplier effect on the larger economy and a more extreme variations. During the growth cycle grows above average and during the recessionary cycle also decreases more than the average. This is largely due to the long life of the investments. While the construction of a home can be lengthened to about two years demand has average maturities of ten years. This causes variations of rising interest rates reduce demand while developing promotions that catered to this demand and at completion produce an oversupply of housing in a market with lower demand and ultimately will have its impact on the price of the product .
The effect of falling house prices.
The fall in house prices has a direct effect on household wealth, as is where is deposited 80% of this. One way to offset the negative effect of this loss of wealth is reducing consumption and increasing savings. The consumption is drastically reduced when it is financed by the home warranty, a practice that has exploded in our country during the present crisis with three credits per household (mortgage, personal loan and credit card). The increase in prices led to increase the level of household debt to a high and constant upgrading of housing which encouraged consuming and that is what is known as false wealth or living beyond our means.
The price of housing also affects businesses because it causes a fall in land prices and hence of any asset property such as offices, factories, hotels, etc.. This devaluation of the assets of the companies causes a deterioration of their balance access to credit more expensive and reduces their ability to borrow.
With respect to financial institutions falling housing prices and spread of any real estate asset reduces the value of the collateral mortgage loans granted below the result of late payment and has a direct impact on profitability. This in turn has a direct impact on its ability to finance new operations and therefore reduce the Read the rest of this entry »
Posted in Housing, Real Estate News | Tags: economy, falling house prices, housing, housing boom, price of housing | No Comments »