Consumer IC design house Sonix looks to declining sales for 3Q10
Consumer IC design house Sonix looks to declining sales for 3Q10
Consumer IC design house Sonic Technology expects its third-quarter revenues to drop slightly from the level recorded in the second quarter due to declining shipments of notebook camera chips and other consumer ICs, the Chinese-language Commercial Times quoted company vice president Daniel Pan as indicating.
Read more on Digi Times
Sell My House Fast London
www.SellMyHouse-Fast-London.co.uk is your London house selling solution centre. With over 8 years experience in the property industry we pride ourselves in morals, ethics and a service 2nd to none. A leading property purchasing company offering quick-sale solutions for homeowners who do not have the luxury of time to sell their home the lengthy traditional way.
Sell Your House Fast Cash to Professional Home Buyer? You Better Check the fine print! (Third in a Series)
Selling your house fast in this market is a real accomplishment and sometimes those guys with the signs that say “we buy houses” that you now see everywhere can give you the help you need.
So far in this series I have confessed that I am one of those guys and have been for two decades and have offered some suggestions on how to see if you are dealing with someone dependable. That’s a good start and you need more.
Even if the guy or gal you are looking to sell your house to shows up on time, has a long record of buying houses and has never been on the wrong end of a law suit, you need to make sure the contract details are what you think they are.
Lots of our advertisements say “Real People who Really Buy Houses.” What that is getting at is that some of the folks that say they want to buy your house, don’t really “buy” houses. Think “contingency.” And contingency may well be a four letter word.
Here is how it works in some cases. Guy or gal says want to buy your house and the both of you sign a contract. Somewhere in the contract is a contingency that says, basically: You have to sell and I will buy if I want to. Most often that means that they have found someone to buy your house even before they close on it and they make a small profit.
Or, they do not find someone to buy your house before they close the transaction and they come back to you and say:
“My partner did not approve the deal, so I can’t buy.” I even met one person once who bragged that there was a clause in the contract that said his “dog” had to approve the sale.
“Little Wolf” Beardsley (World’s Finest Australian Shepherd) never appeared in any of our contracts and even if he had, he never met a house he didn’t want to buy.
Now, in all fairness, there is nothing wrong with this arrangement. If the person who is “buying” your house is skilled in marketing, knows the local market inside and out and can sell your house for more money and faster than you can, they ought to be paid.
Real estate agents (and I am one) get paid for selling houses and they most often have no risk. They simply sell the house and get a commission if it sells and if it does not, they are out advertising costs. Your home buyer may close on the house even if he/she cannot sell it as fast as they hoped, and in this market –that is a risk.
My only reservation is this. If the person “buying” your house plans to “flip” it like a pancake, you should know that this is what is happening. If they fail to sell it and turn it back to you because their dog, partner, wife, or hairdresser did not approve of the deal, you should have known that up front.
Again, there are circumstances where what you need is extra marketing and expertise and getting the house sold is really what you want. You do not care who is going to be living there.
So, I would simply ask this question of the professional home buyer. “Are you really buying and will you close the deal on the date on the contract? Or, are you looking to make a quick flip and –never own the house?
There are some contingencies that are standard in all contracts. You should expect an inspection of the house and a pest control inspection. They should be done within a certain number of days. You may expect a contingency for financing and you will have to provide a marketable title to the house.
Things will happen and some sales will not close for reasons unforeseen. But, before you sign the contract, I suggest you find out what your buyer plans to do with the house after your signature is added to the contract.
In the next installment, we’ll give you some tips on how you can cut out the middle men—like me—and sell it on your own.
eorge Beardsley has written extensively about finance and business starting as a financial reporter for the Chicago Tribune, covering commodity futures, stocks, bonds, banking and other financial news. He was an editor for the financial publishing firm Dow-Jones, Irwin. He left the Tribune to work for Merrill Lynch as a commodity broker and owned a commodity brokerage firm in Florida. He was graduated from the University Of Missouri School Of Journalism with two degrees and was awarded the Bronze Star Medal for service as a combat intelligence officer in the Republic of Viet Nam. He has been buying; fixing and renting house in Florida for two decades and has just published a new eBook called ?911 for Landlords.? His website is http://www.1gr8deal.com.
time frame for a house sale from showing to closing averages what?
we have a house for sale and the buyer saw the house on some real estate website. They viewed, offered, and their conventional loan is allowing for a closing only 27 days after they knew the house even existed. This seems short. Are they in a hurry? Is this short time frame typical of conventional loans? I think he was going with an FHA loan but closing would have been in mid August.
In your expereinces or knowledge what is the shortest closing periods? I guess cash could make things go fast. I’ve always heard 30 to 45 days, not 26 to 27. Are closing periods different depending on the type loan? How long can the real long ones take? I know repairs asked for or needed can delay things, maybe some unknown legal issue like an unknown spouse that comes forward to claim half the house for sale by the sole owner, so I can see reasons for delays. Thanks
High house prices drive ex-miner underground
High house prices drive ex-miner underground
A retired Chinese coal miner has found an underground solution to the country’s sky-high housing costs, by carving out a new home beneath the shack he lives in, state media reported.
Read more on Australian Broadcasting Corporation
Signs the property market is warming
Signs the property market is warming
The little theme of this week’s newsletter is about looking ahead at the property market and what is happening. Pondering the market is something we often do and it is worth addressing again as there is so much uncertainty and change.
Read more on ShareChat
Sell Your House Fast Yourself, Cut Out the We Buy Houses Guys, Like Me! (Fourth Confession in a Series)
If you really need to sell a house fast, especially now, it may look as difficult as brain surgery or winning the lottery. Actually it is as simple as four little letters, A. I. D. A., and you can do it yourself. You can, but you may not want to. Let’s see!
A.I.D.A. is a staple of the advertising industry and it tells how to sell everything from executive jets to flats to let. It means Attention, Interest, Desire and Action.
Attention, and the first thing you must do to sell your house fast yourself it to get the attention of someone who can be interested in buying your house and has the ability to make the purchase.
Frankly that is easy today and cheap. Craigslist will put your house that is for sale in front of a gazillion people, many of which have the means to make the purchase and the cost of the ad is your time to put the listing on the site. If you are scared of the technology involved in using Craigslist, simply look at how many people are doing it who don’t have a master’s degree from M.I.T. It’s easy!
Still scared? Go to elance.com and hire someone in a third world country who very well may have a masters degree in electrical engineering who will post your advertisements on Craigslist and fifty other sites you never heard of and do it all for $5 an hour.
Combine that with the ultimate of high tech. Put a sign in your yard. (My wife says I have to say “just kidding” cause someone will think, I think signs are high tech) Let people know the house is for sale. Make the sign so ugly you teenage kids are ashamed of the sign and a Realtor offers to give you a pretty sign for FREE. Ugly is GOOD. It makes it look like you are motivated and are approachable.
Interest and Desire are, or can be, pretty closely related. The house, unlike the sign, should be clean, neat, uncluttered. The front yard and the front of the house—especially the front door—should be attractive and inviting. This is your first impression as someone arrives to look at the house.
If you have repair problems, you have to make a decision. To repair or not to repair. Generally, I would say do not repair and DO disclose. If you REALLY need a new roof, I would say so in the advertisement. Probably not the absolute first word in the ad. Tell them that it is a house and tell them something good about it first. Remember you do have to get their attention, FIRST.
Neat, clean, uncluttered, spot paint here and there. But do not fix things that need major repair. Unless you are one of the pros, you will probably not be able to get out of the deal the extra money you put in to do the repairs. And do not do any serious redecorating. Reason? The next guy will NOT have your taste, no matter how good your taste may be.
Know honestly what your house is worth. Check zillow.com and other websites for an idea and realize it is no more than that. Just an idea, but it is a place to start. Have a couple of Realtors come to give you a presentation and see what they think it is worth and what cheap fix up ideas they suggest. But I would not give them the exclusive right to sell the house (called a listing agreement). Sign nothing. At least not at this time.
I would look at the houses around you that are for sale. What condition are they in and what is the asking price? In order for A.I.D.A. to work, you need to be brutally aware of what you are trying to sell and what the competition has to offer.
Then, you must gently nudge the prospective buyer from being interested over to desiring your house rather than the competition using a strategy we will discuss in the next installment of Selling House Fast to the We Buy Houses Guys Safely
George Beardsley has written extensively about finance and business starting as a financial reporter for the Chicago Tribune, covering commodity futures, stocks, bonds, banking and other financial news. He was an editor for the financial publishing firm Dow-Jones, Irwin. He left the Tribune to work for Merrill Lynch as a commodity broker and owned a commodity brokerage firm in Florida. He was graduated from the University Of Missouri School Of Journalism with two degrees and was awarded the Bronze Star Medal for service as a combat intelligence officer in the Republic of Viet Nam. He has been buying; fixing and renting house in Florida for two decades and has just published a new eBook called ?911 for Landlords.? His website is http://www.1gr8deal.com.
House prices fall for first time in 15 months
House prices fall for first time in 15 months
The latest Hometrack House Price Index shows that house prices fell 0.1% in July, the first fall in house prices since April 2009.
Read more on Mortgage Introducer
Sell Your House Fast Yourself Using ?911forLandlords? Strategies! (Fifth in a Series)
In the last installment we said you need to use the secret formula A.I.D. A. to sell your house fast. You also need to get the house neat and clean and find out what the competition looks like and how it is priced.
A.I.D.A. is a staple of the advertising industry and it tells how to sell everything from executive jets to flats to let. It means Attention, Interest, Desire and Action.
Today, we are going to add to the alphabet soup three new letters, U.S.P. I know it stands for United States Patent, but today the important phrase hiding behind the initials is Unique Selling Proposition. This is what will sweep the competition away and have you walking away with a sold sign under your arm.
If you watch television or listen to your neighbors at the gym, you probably know you cannot sell a house in the current market, much less fast. So hang with me a few minutes and let me tell you how we can be successful, even in this market.
Well. It is true that houses are not selling. Why? Do people not want a nice place to live? No! Of course not. They simply can’t come up with the cash for a down payment and the banks will not give them a mortgage and most folks do not have the cash in their pockets to buy a house.
If you can solve this problem for someone who likes your house, is able to afford the monthly payments and upkeep, you have just separated your house for sale from every other house in the neighborhood. You have created a Unique Selling Proposition. There will not be anyone else in the neighborhood offering this kind of benefit. At least for a while.
What we are suggesting to separate your house from the competition, at least in one manifestation, is a variation of a technique called a lease option, (specifically “the Famous Rent to Own on Steroids Program™) discussed in the book “911 for Landlords.”
You give all of the rent paid in the first year back to the buyer to become his down payment and you give the buyer a mortgage if he/she makes 12 consecutive payments on time and maintains the house as though he/she already owns it.
Now before I go any further I need to say: If you do not understand the last two paragraphs and you plan to implement this plan, it is IMPERATIVE YOU HIRE A BOARD CERTIFIED REAL ESTATE ATTORNEY to advise you. There are a number of details that are very important and this strategy is ILLEGAL in Texas. Other states may pass a law about lease options at any time. Get professional counsel.
Isn’t it funny how I know what you are thinking? Not only might it be illegal, the people I rent to might not pay. And then, what do I do?
The answer is there may be variations that will make you more comfortable and every situating is different. You have to calculate the risk you have now and the risk you will have after doing a strategy like this.
If you think creative strategies to sell your house are somehow bad and evil, this kind of buying and selling has been going on in commercial real estate for decades, if not forever. More money is involved and often hard to get, so the people in commercial have been doing things like seller financing, lease options, sandwich leases, sell and buy back, and a whole lexicon of strategies to sell property when the banks were not able or willing to carry the full load.
And if you are watching TV and talking to the folks at the gym, you know that that is where we are today with the banks. They are not able or willing to finance all the people what want and deserve a nice home.
There are creative ways to solve this and sell your house fast. If you do want to explore the creative side, get an attorney who understands the details. Or, you just might want to call a We Buy Houses guy, like me, and or course seek legal advice. Or, be one of the first ten emails at 911forlandlords@gmail.com and get a free copy of the book,
George Beardsley has written extensively about finance and business starting as a financial reporter for the Chicago Tribune, covering commodity futures, stocks, bonds, banking and other financial news. He was an editor for the financial publishing firm Dow-Jones, Irwin. He left the Tribune to work for Merrill Lynch as a commodity broker and owned a commodity brokerage firm in Florida. He was graduated from the University Of Missouri School Of Journalism with two degrees and was awarded the Bronze Star Medal for service as a combat intelligence officer in the Republic of Viet Nam. He has been buying; fixing and renting house in Florida for two decades and has just published a new eBook called ?911 for Landlords.? His website is http://www.1gr8deal.com.
How can I sell my house and property fast if I run out of cash?
I have several houses located on 33 acres. All paid for. No liens against it. I am in a serious cash crunch and soon to run out of it. What are my options? The place has been up for sale and the price dropped by more than half but still no takers. Any advice by someone who has been in this situation would be appreciated. Thanks.