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What Is A Market Value Of A Home Or Condo?

On March 20, 2010, In compare market, by Pal Market

You spent $75,000 on renovating your home but it did not fetch you the money you thought it would when you sold it. The pool you built for $50,000 may only add $20,000 more to the sale price of your home. Sounds appalling, doesn’t it? Yes, the dynamics of the market value of a home are a little more complex than you thought you understood.

It’s no surprise that the market value of a home is often a misunderstood concept. This happens especially when a home is evaluated by someone who is emotionally attached to it. The value they attach to their home largely influences their perception of its market value. In reality, the market value of a home is the value that the real estate market gives it. So a home is only worth how much it is valued at that point of time in the real estate market. Given these facts, it would be prudent to check for latest home design trends with a good real estate professional before going in for any modifications or renovations for your home.

A real estate agent can evaluate the market value of your home if you want to ascertain its present market value. A real estate agent gives you a CMA which is a comparative market analysis of the house. He/she does so by taking into consideration not only the various features of your house (that includes the additions and home improvements you have made to your home) but also the asking price of homes that are currently listed in your neighborhood. Thus the market value of a home is not just broadly based on your perceived value of the home as such, but on the current market prices of similar homes.

Also, as a home seller, do not make the error of listing your home for too much. This would almost certainly backfire forcing you to finally settle down for a much lower price than what your home is really worth.

So your home is worth what the real estate market says it is. No matter how hard it would seem for you, remember that the same principle holds good, when you purchase a home too, and works to your advantage.

Seek the expert advice of a good real estate professional to have a good idea about what factors go into determining a market value of a home. Often, these come in handy when you purchase a home or decide to spruce it up for sale.

How do I compare the performance of a stock market against a market index?

On March 18, 2010, In compare market, by Pal Market

Like what can I talk about? This is for a report and i got no idea where to start. apart from prices going up and down…

The Relationship Between Marketing And Sales

On March 17, 2010, In compare market, by Pal Market

When comparing marketing with sales and considering how they relate to one another I always think of the medium sized business where I had my first job. The marketing department people were serious and analytical, always busy with statistics and campaigns and meetings. The sales people were breathless, always on the go, always on the phone or going to meet customers, always on the cusp of some enormous deal, some magic sale that would catapult the company’s turnover way over the annual target. As a junior it seemed to me that the marketing people and the sales people were from two different planets. I now know that they were simply two parts of the same continuum.

Marketing can be described as the set of activities that are undertaken in order to generate leads, while selling is the act of turning a prospect a hot lead into a buyer and later a repeat customer. The marketing and sales functions of any organization are glued together by leads. If there are no leads, the two will fall foul of one another. I saw this in that business I was describing earlier. But leads work both ways. The marketing department has to deliver them and the sales department must act upon them to maximum advantage. But leads must first be generated and that is why marketing tends to overwhelm the sales function when the two are discussed.

The various forms that marketing takes are well known because they are so visible. They range from cold canvassing to brand or corporate advertising, through to the more targeted types of marketing such as direct response advertising and referrals, where the particular benefits of the product is explained to the customer. If this is done properly, then qualified prospects will actually approach the sales people for assistance. Sales people love those leads. It is in fact when the sales people take over the communication function that the lead ceases to be a lead and becomes a prospective customer, then a customer and finally a repeat customer.

Actually I have painted a somewhat idealistic picture of the lead relationship between the marketing function and the sales function. It is just not that simple because not all leads are equal. An extremely tiny percentage leads are customers who are ready to buy. Most of them are merely interested in possibly buying at a future date and some are just mildly interested, just browsing. That’s why it is important to have some sort of lead management system so that potential customers can be turned into buyers and buyers can become repeat customers.

All follow up communication should be friendly and informative, definitely not hard sell. The company representative should be regarded as a helpful expert rather than a rabid sales person. Fortunately many of the follow up functions can be automated to take the form of email, direct mail, voice broadcast and fax broadcast. Obviously the lead would be encouraged each time to call directly if they have questions or a ready to buy. The follow up effort is usually a function of the marketing and sales departments combined.

Neely Farm Subdivision Simpsonville SC Real Estate Neighborhoods – Comparative Market Analysis, Homes Sold, Homes for Sale, and Homes under Contract

On March 16, 2010, In compare market, by Pal Market

Neely Farm Subdivision Simpsonville SC Real Estate Neighborhoods - Comparative Market Analysis, Homes Sold, Homes for Sale, and Homes under Contract.

The following stats shows the neighborhood activity in Neely Farm Subdivision from January 1st 2009 to July 29th 2009. This list does not include any sales like For Sale By Owners that were not listed in the Multiple Listing Service.

ACTIVE LISTINGS:

3 Windchime Ct. 2000-2199 sq.ft. $185,900

9 Southbridge Ct. 2000-2199 sq.ft. $188,900

10 Hammel Ct. 1800-1999 sq.ft. $189,000

6 Southbridge Ct. 1800-1999 sq.ft. $192,500

414 Wild Horse Creek Dr. 2200-2399 sq.ft. $209,500

219 Neely Crossing Ln. 2200-2399 sq.ft. $209,900

306 Wild Horse Creek Dr. 2400-2599 sq.ft. $219,900

6 Woodbluff Pl. 2400-2599 sq.ft. $235,000

1005 Farming Creek Dr. 2400-2599 sq.ft. $239,900

239 Deer Springs Ln. 2800-2999 sq.ft. $242,800

703 Farming Creek Dr. 2800-2999 sq.ft. $252,900

707 Farming Creek Dr. 2800-2999 sq.ft. $254,900

8 Braywood Ct. 2400-2599 sq.ft. $277,900

803 Worchester Pl. 2800-2999 sq.ft. $279,900

1 Crested Owl Pl. 3800-3999 sq.ft. $285,000

209 Worchester Pl. 3000-3199 sq.ft. $289,900

PENDING / CONTINGENCY CONTRACT:

207 Wild Horse Creek Dr. 2000-2199 sq.ft. $159,900

4 Southbridge Ct. 1600-1799 sq.ft. $167,900

407 Wild Horse Creek Dr. 2000-2199 sq.ft. $199,900

14 Indian Laurel Ct. 2000-2199 sq.ft. $229,900

702 Farming Creek Dr. 3000-3199 sq.ft $265,000

8 Bridlestone Ct. 3200-3399 sq.ft $274,900

3 Foxglen Ct. 3200-3399 sq.ft. $294,900

5 Red Gate Ct. 2200-2399 sq.ft. $194,900

8 Southbridge Ct. 2000-2199 sq.ft. $215,000

SOLD LISTINGS:

6 Windchime Ct. 2070 sq.ft. $89.37 per Sq.ft.

223 Neely Crossing Ln. 2100 sq.ft. $89.52 per sq.ft.

210 Deer Spring Ln. 2600 sq.ft. $73.08 per sq.ft.

224 Neely Crossing Ln. 2057 sq.ft. $92.37 per sq.ft.

301 Deer Spring Ln. 2617 sq.ft. $77.53

4 Moss Spring Ct. 2020 sq.ft. $103.71 per sq.ft.

308 Deer Spring Ln. 2531 sq.ft. $82.97 per sq.ft.

Feel free to call me anytime at 864-525-0201 to find out how much your home is worth. Contact me for your Neely Farm real estate needs.

Victor Amadi – Your Simpsonville and Greater Greenville SC Real Estate Resource

As your Simpsonville SC and Greater Greenville residential Realtor, I am committed to staying up to date with local information, education, and technology. My intention is to be an invaluable real estate resource. So, whether you are buying or selling real estate in Simpsonville SC, Greenville SC, Greer SC, Easley SC, Mauldin SC, Fountain Inn SC, Pickens, Powdersville, Taylors, or other Upstate SC areas, I have the tools, knowledge, experience, and resources necessary to make your experience an enjoyable and successful one. I can also help you avoid foreclosure, find Foreclosures and Short sale Properties, listings and Homes for Sale. Call me at 864-525-0201 so we can discuss how I can help make your next real estate transaction a success.

Next Generation Network Marketing Handbook.

On March 14, 2010, In compare market, by Pal Market

What You Need To Know To Get Your Network Marketing Business Off To A Flying Start.How To Build Your Team And Market The Right Way.
BUY NOW: Next Generation Network Marketing Handbook.

Market Tamer Trading System.

On March 13, 2010, In compare market, by Pal Market

Learn A Unique Way To Protect And Grow Your Portfolio. Lessons Learned In Real Estate Work Even Better In The Stock Market. Perfect For These Volatile Market Conditions.
BUY NOW: Market Tamer Trading System.

Comparing Marketing Strategies for Video Production Services

On March 12, 2010, In compare market, by Pal Market

If you’re looking for marketing strategies, small business advice, online marketing and cheap Online Video Production services be sure to check out Kurb promotions, because right now I am still testing out lots of new marketing ideas for getting my newest small business ideas of the ground.

When starting a new business I think one of the most important things is to gauge your enthusiasm for the project. There are lots of ideas that will work, but are you going to be able to maintain the commitment required to see the project through to profitability and sustainability? Also I think it’s a good idea to compare your marketing strategies and consider which combination of marketing strategies and new business development ideas are most likely to be successful. At the moment I have 3 main business ideas which I am attempting to develop:

Online Video Production, Colour copying services, pirate children’s

Entertainment is the main 3. But the idea of pushing small business marketing still lingers because there is no reason to do small business marketing in place of music marketing to make more money, as the market is bigger and has more to spend. I just need to create a service that is worth $100 p/week. And also my music marketing product, which isn’t really a wholly new business idea in need of a marketing campaign development but rather a branching off of my existing music marketing service, which I don’t feel needs to be developed otherwise. Before we compare marketing strategies lets consider the ceiling for these ventures both in terms of profit and commitment on my part, and long term potential.

Online video could be highly profitable but will be hard work long term to get there, mainly in establishing a reputation for quality, there’s great potential but requires high commitment to the marketing and administration on my part. Colour copying is quite similar to video except there’s a lot of power in establishing a strong local market that can be sustained. The difference between the two is quality and reputation for video and trust and service for Colour copying, that’s the key to growing each businesses market. Both these businesses have a lot of potential for easy and long term earnings however with the pirate entertainment I have to invest my own time to a greater extent, I only really want 2 jobs per week so I can charge $200 for each.

But if we compare the other ideas in terms of marketing strategy, first we must weigh up the contribution of Google search ranking and Google adwords advertising. Immediately I see seo being more effective for video’s international audience whereas ppc is much better for the locally based printing services, and the pirate entertainment. That’s probably why this will end up a Video Production Services article. I will still do seo, but I’ll be putting my online advertising money toward the printing and building up a strong local base 100 people who spend $200 a year is $20,000 and that’s about where I would like to see us kicking off.

With the pirate entertainment I only need 2 jobs per week and I’m booked. I think $10 p/week on Google should cover that. Video marketing is a marketing strategy worth evaluating and will obviously need to be improved in order to reflect quality with our cheap Online Video Production services. But the pirates could also benefit from improved Video Production Services also. What about other marketing strategies such as a flyer? What about a flyer with cd/dvd duplication, Colour Copying and pirates on it? Perhaps even Online Video Production services also? The point is the first 3 are all dependent on local goodwill and knowledge and I have already seen how a base of clients builds up over time through word of mouth and repeat purchases, this is why the flyer campaign may be effective.

So the end result is that the pirates are easy for now, all I have to do is run the ads and grow it slowly. The Colour copying I am favoring slightly more because I can establish a robust local market with advertising and already have the posturing and some graphic design stuff going. The printing isn’t quite as profitable as the video but I think I will have no problems making the sales in Colour copying to meet the target with a modest Google adwords campaign. I think with $20 p/week I can generate $200 in profit. With video it’s probably more a matter of chipping away with the writing, article marketing and SEO there and I think that will be the path to picking up lots of international traffic for Online Video Production services long term and picking up jobs worth $100-600 ever week, and branching into our youtube promotions services. So a split marketing strategy is the winner on the day! Its Google adwords for local transactions and services and it’s a slow building seo and link building campaign for cheap Online Video Production services to get to a point in 6 months where there is video work every week. To know more about Marketing Services visit us at: www.CheapVideoProduction.com

How does Oligopoly compare with other market structures?

On March 10, 2010, In compare market, by Pal Market

How does the risk involved in a money market mutual fund compare with the risk of a certificate of deposit?

On March 9, 2010, In compare market, by Pal Market

Appraisers draw on comparable market sales

On March 8, 2010, In compare market, by Pal Market

Appraisers draw on comparable market sales (comps) of local properties sold within the last six months to value your home. With today’s rapidly rising seller’s market, six-month-old information is ancient history. Appraised value does not always equal the true market value, or what the home will sell for on the open market.

Realtors will give you a comparative market analysis, an informal estimate of market value based on comparable sales. Lenders, on the other hand, will use the appraised value to determine a new mortgage amount. Some lenders require that the stated property value covers the mortgage amount plus their selling costs in case of foreclosure. For this reason, a sale may fall through if a home sells on the open market for more than the appraised value, which often happens in bidding wars over hot property.

We learned the importance of securing a sufficiently high appraisal when we sold a rental property in Lake Elsinore, California. We listed the house for $234,700 on Friday. By Monday morning, we had three offers: $245,000, $255,000, and $260,000. We accepted the one for $255,000 because the buyers had $80,000 down, reassuring us that they had sufficient funds.

As usual, the lender sent an appraiser to review the property. This busy appraiser didn’t take the time to view all the upgrades we put into the custom-built home. Even worse, he used only comps from the local one-mile radius. Because this home is close to a shopping district, there were not many homes sold in this limited area during the six-month period.

The appraiser used comps six months old; during this time housing costs in Southern California appreciated around thirty percent. Sales from six months previous should have gone up in value by $30,000 on a $200,000 home. This means that our home should have been worth $250,000 to $260,000, especially since buyers are willing to pay this price on the open market. To increase the value of this home, at the time there was not another three bedroom home listed in the area for under $250,000 (excluding manufactured homes). However, the appraiser valued our home for only $230,000 — and we would have lost the sale if the offer did not include a sufficient down payment.

Because a low appraisal can kill your sale, finding a buyer with a large down payment provides you with a safety net. You may also choose a buyer with strong credit who doesn’t have to put a large percentage down. If you think that your home’s appraisal could become a problem, make sure you don’t include a clause in your sale’s contract which states “subject to appraisal.”

How to Avoid Low Appraisals

Hire your own appraiser before the sale. Then ask your buyer’s or lender’s appraiser to review your appraisal.

Retain the option to approve your buyer’s mortgage lender. Make sure that the buyer doesn’t use a lender with a history of deliberately underestimating property values. A good real estate agent should know which lenders routinely under value homes.

Keep records of repairs and upgrades, including costs. Take “before” and “after” photographs. Create an organized journal with a listing of expenses and include pictures to show to the appraiser during the appraisal appointment. Stage your home for the appraiser like you do for buyers.

Secure your own property comparables to make sure the appraiser uses complete information. Call real estate agents with homes in escrow and get the sales prices. Make a list of these properties with the agent’s phone numbers and give it to the appraiser.

What to Do When Your Selling Appraisal Comes in Too Low:

1. Ask for another appraisal.

2. Protest the appraisal with documentation of your upgraded expenses.

3. Have the buyers make a larger down payment.

When you sell or buy real estate, remember that the certified appraisal is just one person’s opinion of the value of your home. The opinion that counts for you is the buyer’s: you want to be sure the buyer values your home above all others.

What Is A Market Value Of A Home Or Condo?

How do I compare the performance of a stock market against a market index?

The Relationship Between Marketing And Sales

Neely Farm Subdivision Simpsonville SC Real Estate Neighborhoods – Comparative Market Analysis, Homes Sold, Homes for Sale, and Homes under Contract

Next Generation Network Marketing Handbook.

Market Tamer Trading System.

Comparing Marketing Strategies for Video Production Services

How does Oligopoly compare with other market structures?

How does the risk involved in a money market mutual fund compare with the risk of a certificate of deposit?

Appraisers draw on comparable market sales

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