Upside Down Mortgage

Archive for the ‘Housing Bubble’ Category

Housing Bubble Book

Question: This too shall BUST?

remember the "dot com" bust, the housing bubble ( that has now popped due to adj-rate mortage and foreclosure)?

Do you think this era of everyone reading books and listening to financial planners telling them to start investing in the stock market will also break and thousands of people will end up worse off than they were before?

Sometimes I feel the only people who are making any money off investing are the ones getting royalties from all the books they make on how we should handle our money!

AS far as I can tell, the only stable way to make wealth is to own property and even that skrews up!!

Answer: There isn't a "financial investing" bubble. These things have always been around. Recently however, due to the internet, it has allowed people who could not invest before begin to invest. The small investor you spek of basically has a very very little impact on the market. The major hedge funds and large institutional investors move the market.

Authors@Google: Lawrence Roberts

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Housing Bubble In Toronto

Confusion is ramped in the Toronto real estate market and potential sellers are not getting all of the right information to make sound decisions. Due to the same reasons why home buyers should be buying a Toronto home right now you should be selling your home right now. It is time to expand your net worth and create some permanent wealth.

Toronto home owners are hesitant to sell because they don't think they will get all of their money out of the investment. For a lot of sellers this really shouldn't matter. Psychologically they don't want to lose money. In reality it isn't lost. It will just be transferred to a property or properties that will take advantage of the current market conditions.

Sellers can actually take advantage of the low interest rates, the buyers demand for good product, the lack of good product, and the current possibilities that exist to expand their net worth.

In a lot of cases I think a seller would be surprised at how well they can still do with selling today, even if they were taking the money and running. There has been a lot of media manipulation to have people think we in central core Toronto, are in a really bad market. It just isn't true. The average price for March transactions was $362,052 - down less than five per cent from the same month last year, as reported by TREB.

The media has been manipulating the statistics to strengthen the story that they want to tell. They are using facts from certain areas in Canada that had big housing bubbles and making them look like they represent the whole country with big bold titles. I think that the media is doing this to increase their viewership stats so that they can simply sell more advertising space.

One benefit for someone wanting to list their Toronto home right now is the ability to leverage stagnant properties that have been on the market for a long time because the sellers aren't being realistic with their prices. By pricing your property appropriately you can make you listing look like much better value.

These same unrealistic sellers existed in the busier markets but they just weren't given much attention and they never should have listed the home for the price that they did in the first place. Now the media is using them to support their stories. I could ask $11,000,000 for my personal home but it would not sell for even 10% of that asking price. This doesn't mean that the market has come down 90%, it just means that I was very unreasonable with my initial price offering. These sellers exist in all markets but in better times they don't get paid any attention.

Pricing your Toronto home is certainly the key to selling for top value in this market, there are a lot of agents who have only worked in the hyperactive real estate market that we have seen over the past 10 years. They never learned to price when you don't have 10 offers to choose from. Try to tell a realtor that has 7 or 8 years of experience that they don't know what they are doing and need to go back to the basics. Their egos just won't accept that they need to change the way they work.

These Toronto real estate agents go on with their unfounded prices until the property becomes stigmatized and the evil "Price reduction" is necessary. Price reductions are extremely damaging because you need to make reductions in 10% increments in order to make them effective. Otherwise you just waste more days on market which is the key weapon for low ball offers. If aiming high and lowering the price over time is the strategy you want to use, you will end up selling for less than if you had made the initial price offering as close to reality as possible.

Sellers can take advantage and upgrade their home by selling now and buying something that is more expensive, something that would have been out of reach before. They can also take advantage by diversifying their holdings and buying an income property. Interest rates are at their lowest in decades so now is the time to expand your personal net worth.

Sellers can also take advantage of the surge in buyers and confusion among sellers by just listing. There is a lack of quality inventory on our market. Good homes are selling well, it doesn't have to be completely updated but buyers are more likely to buy something that is mostly finished than something that needs to be leveled.

I don't have a crystal ball but this is the situation as I see it right now.

About the Author:

Evan Sage is an award winning
Toronto real estate agent
. Evan instills in his clients the confidence to make the right purchase or sale decision. He achieves this by demonstrating a superior knowledge of
Toronto real estate
and by providing a wealth of free resources on his website evansage.com to educate buyers and sellers in Toronto.

Source - You Should Sell Your Home Right Now!

Real Estate Bubble Toronto Homes

Housing Bubble Powerpoint

So what can home owners and agents do, quickly, easily and inexpensively to help the sellers sell their homes?

Increasingly many real estate professionals and even home owners themselves have found that the key to turning a seller’s “house for sale” sign into “home for sale” sign is all in how effectively its been staged. With sellers looking for every “edge” they can get on the competition, today’s real estate professionals need to add value to their service by combining a key element in the process that sellers are looking for – home staging.

Andy Capelluto, a professional home stager and interior designer with over 22 year of experience, created a very compact, precise home staging course for real estate professionals entitled The Power of Staging™. The 8 hour staging course is one of the most thorough overviews of staging available today and delves into all aspects of the home staging process from color to style and from symmetry to placement – both inside and outside the home.

To make it easy for anyone to gain this knowledge the course was transformed into a cutting-edge multimedia online learning experience by RealtyU®. Its innovative e-learning platform created especially for real estate agents and home owners offers a simple yet robust way to navigate through video, audio, PowerPoint slides, examples and more to obtain a comprehensive understanding about the principles of home staging. The course provides insights into every part of the staging process and provides the agent with comprehensive tools and checklists to help them develop an effective staging plan for their clients.

Now available for the first time, The Power of Staging™ can now be experienced online, anywhere, anytime, through http://www.RealtyUonline.com. Upon completion agents the AHS designation (Accredited Home-Staging Specialist). To learn more about the staging process and the AHS course visit http://www.StagingSpecialist.com.

About the Author:

Stefan Swanepoel is widely recognized as the leading visionary on change in the real estate industry. He has penned 13 Books and Reports including the 1998 http://Amazon.com bestseller, Real Estate confronts Realityand the 2007 Swanepoel Trends Report. Visit http://www.ReTrends.com for more information.

Source - Make Homes Sell Faster in a Down Market