In the real estate market this year, it remains mostly a buyer's market. Although values have been picking up in the past year, many homes are still available at decent prices with mortgage rates also continuing to hang low.
All of this supports a strong market for people who buy and sell homes at a profit. It’s also a great opportunity for contractors to build some steady income working with such buyers.
What is flipping?
“Flipping” a home means a buyer purchases a residential structure with the intent to resell it at a profit after a short amount of time. The profit is often used to purchase other homes to be sold in the same manner.
In order for the buyer to sell the home at a decent markup, he or she must put more value into the home to justify it. This may involve remodeling and upgrading the structure not only to boost the curbside appeal but to raise the value for the next homeowner, who is more likely to settle on the property as a new home.
Comment (0)
The real estate market in 2014 will offer multiple business opportunities for Realtors, commercial buyers, and investors. Investors may may have to accept the reality that the wonderful bargains that were available during the height of the recession are largely gone; but that doesn’t mean prices have returned to their 2007 peaks.
There are still good deals to be had for buyers who are patient and smart; they just may be harder to find. Real estate agents should cheer the news that depressed prices are no longer driving down their commissions; they can probably expect to close many more sales in 2014, if they play their cards right.
So far, however, commercial property sales continue lag behind residential deals, although there’s a possibility that might improve by the end of 2014.
How investors can adapt in the current environment
The back inventory of foreclosed homes has significantly decreased, which has caused home prices to rise in regions where they have been depressed for the past few years. Fewer distressed owners means fewer short sales, so investors have to work harder to spot houses that offer the potential for a big profit.
There will probably be fewer-fixer uppers on the market in 2014, but easier lending rules should still provide enough incentive for investors to compete for the ones that do show up on with a sales tag on them. Some areas across the country have been slower to recover than others, and that offers investors a chance to capitalize on lower prices, as long as they’re not tied to a specific state.
Comment (0)
It seems like it's been forever that businesses - no matter what size - have been saying that times are hard. Money-saving measures are imperative. Unessential costs should be dropped.
While things have been picking up a bit for some businesses, the fact is that a business owner
always welcomes any money-saving measure.
As a business owner, you might want to consider using a VPN service, as it does have money-saving benefits for your operations. Do you want to know just how you can take advantage of this service?
Comment (0)
When you hear the word “business”, most likely, one of the things you immediately associate with it is money. This is a natural, almost instinctive, reaction. After all, business does promote money – it needs money for capital, it generates money for profit, and it also loses it. Money, therefore, is essential in every stage of a business’ life cycle. The bottom line is: you need money for business.
Assuming that you are set in putting up your business, and that you already have a business plan ready to be executed, it is safe to say that you are confident enough in your capacity to shell out for the capital. You have probably signed a loan agreement with the bank already, or you have sleeping investments that you would like to instead use for the purpose of opening up your business. You may even have a rich relative who is interested in funding your dream business project, effectively becoming your investor as well. Regardless of where you get the money from to get your business running, what is more important is your ability to keep this money circulating enough to continue breathing life into your business.
Comment (0)
Is oil on the way out?
In terms of our global business infrastructure, the answer is emphatically: "No."
In terms of the ecological reality of dwindling fossil fuel reserves, the answer is emphatically: "Yes."
There's been a lot of lip-service paid to the concept of,"Making Your Business Energy Friendly." But realistically--and to most business people this may not sound realistic--we need to switch to hydrogen fuel or solar energy in the next 25 years or get ready to face a world that's not only dry of petrol for our vehicles, but also devoid of the key material used in making plastics. ...
Comment (0)
If a picture is worth a thousand words, then is a video worth a million words? Pinterest and Instagram have been on the rise for some time as mediums to get your message across, and many business's have adopted those channels as line-items in their marketing campaigns.
Video is an essential element of your marketing mix in 2014. There are a lot of reasons for that, but the main one is that competition for attention on the internet is increasingly fierce. If you can't get your message across to the extent that you've hooked a visitor within the first few ...
Comment (0)
The way of doing business continuously evolves. No business, however stable can afford to be be left behind by trends, especially if they have far-reaching results to offer. Just consider Instagram and how it has taken even the business world by storm.
Image Source
Businesses will always be interested in how extensive their marketing efforts are. It is no longer advisable to simply walk to promote a business. In order to grow by leaps and bounds, marketing efforts will have to overcome the usual obstacles in time and distance. Instagram pictures similar to that of ...
Comment (0)
An infographic looking at what good customer service really is.
Via: Impact Learning
Comment (0)
It's getting incredibly noisy online, isn't it? Email inboxes are bursting at the seams, Facebook can only serve a fraction of what's posted, and Google ranking is both competitive and expensive.
It's never been more important to stay relevant to the eyes and ears you've attracted to your business. You might be looking for a few ways to gain an edge over competitors, in terms of reader relevance! Below are three methods of remaining relevant today.
Comment (0)
Despite the business marketplace seeming all too saturated at this point, believe that there is still room for some more. The constant evolution of needs and wants consequently facilitate the shift and growth in the demand for products and services.
Its nature being a very dynamic one therefore allows budding entrepreneurs and investors to enter the market with vast opportunities and avenues for success. There will be competition, yes, and it will be fierce. The challenge then is for the business to keep ahead the rest, using the most effective ways of calling the consumers’ attention through advertising and marketing.
Then again, not everyone is gifted with the creativity to actually pursue a business idea, although they may have the money to finance it. Reverse of that, however, is that those who do have great entrepreneurial ideas do not have the resources to jumpstart it. Consider yourself fortunate if you think you have a good blend of the two within you.
Comment (0)
