Sales Mavens

Buyers Are Zooming (short sale real estate) Back to Condos

By Will Daly

 We get numerous requests for opinions on whether the present is a safe time to buy an urban high rise condo or not. For the last several months it seems that countless folks are wondering if the present moment is the time to buy or not. We are glad to report that lots of folks are moving forward and procuring an urban condominium. . Here’s why.

Prices jumped 3.6% since April which we judge represents a major and long term alteration of direction.

There has been much talk of a “flood” of foreclosure inventory just over the horizon which we consider has been exaggerated. The vast majority of these new foreclosures were without doubt already on the market as regular “for sale” condos or as short sales. Properties currently for sale have been counted. Once they go into foreclosure they should not be counted a second time. “Authentic new “supply” (housing starts) currently hitting the market is actually quite low. In fact, it hasn’t been this low since at least 1959 (and probably a lot longer, but we don’t have data prior to then). This year, builders will begin construction on somewhere around 620,000 units, a number that’s about 32% below the old record low of 906,000 set–you guessed it–last year” (Home Prices: Sustainable Bottom or Dead Cat Bounce? By: Morningstar Monday, October 12, 2009 7:38 PM).

A good number of the urban real estate built early on in the boom already “busted” meaning they sold as short sales or foreclosures. Following prices dropped from all the short sales and foreclosures the community is enjoying price leveling or increases. In some urban condominium communities sales prices are low enough for buyers to buy and rent the property out and net a positive cash flow. Competition is strong for the hottest high rise condominium in the best development.

We have no question that interest rates will increase soon.. First, it is very likely that the US will go through high inflation in the not too distant future. Where there is inflation there are higher interest rates. Secondly, interest rates are now synthetically low due to US government influence. Investors (other than the US government) are not procuring mortgage backed securities because the rate doesn’t justify the risk. In other words would you yourself loan money today for someone to buy real estate if you were only going to earn 4.5 or 5% for the next 30 years? Maybe not. But interest rates “are what they are”.But that’s the going rate for mortgages now days.} Would I feel better about loaning money if I was going to earn 8 or 9 or 10%? In all probability. The predicament is that mortgage interest rates are half that. Meaning very few folks are willing to loan money now days. There is a point where the government can no longer keep rates so low. When the US stops loaning money, mortgage interest rates will have to increase enough to appeal to other investors. So, anticipate interest rates to go up for this reason and with the coming inflation.We believe that there is pent up demand for condos. In many instances folks stopped procuring in 2005 or so. Those individuals have been sitting on the sidelines waiting for the dust to settle before they will buy. Fewer and fewer people are waiting and more are moving forward with a purchase.

There is strong proof to imply that things are getting there. In Phoenix downtown, high rise condo sales much go beyond the supply. For all of 2008, there were many more condos for sale than there were buyers which made prices very soft. In February 2009, this imbalance equaled out so that the number of folks buying and the quantity of sellers were about the same. Since then, dramatically more people are buying than people are selling.

Is all this “for sure”. No. However, some areas of Phoenix in fact look to offer great opportunities. If interest rates do go up, and I fiercely deem they will, then one must want to take advantage of today’s awesome rates, take advantage of the many sellers who really do need to sell (at lower prices), and get yourself a groovy urban condo at this point rather than later on. Don’t be one of those folks who down the road say “holy cow I really wish I had purchased when I had the opportunity.”

We Know Urban specializes in the marketing and sales of high rise condos and lofts in Phoenix, Scottsdale and Tempe Arizona.

Your Source To Becoming The Maven Of Sales

MLM Business.

By Chong Mee Ling

 The MLM business has grown by leaps and bounds in the recent years. People especially housewives have been making use of this opportunity because as compared to other businesses it offers a lot of advantages. Network marketing professionals have been making hay while the sun shines by recruiting many more enthusiasts and increasing their network. This way they come to know what their affiliates are looking to gain in return for becoming a part of the business set-up. This forms the basis of building a long term relationship where everyone benefits which is the requirement of to be among the top MLM companies.

Anyone can be successful in multilevel marketing if he has passion, dedication and the determination to succeed. The best MLM has not been created by selling things to just close family and friends. But it has been created by using the principle of leverage. The associates that you take under your wings can help you go that extra mile in gaining excellent profits through the business. Look at any sales profit report and you will see that many people make money not just through their sales but make more through sales done by their affiliates. Some have become millionaires this way. Build a strong team and assist and train them in increasing the business. Not only will you be helping them, but also yourself.

We will look at some of the advantages of a MLM business. The first is the higher success rate of MLM as compared to the other traditional businesses. Small businesses take time to pick up and experience as high as 95% failure rate in the initial years of business. As compared to the other businesses, it has very less risk as the affiliates working in the MLM business are given proper training before they are sent on the job which increases the success rate.

Getting started with network marketing requires very low investment on the part of the affiliate. All that is needed is a machine that is needed to maintain the status of the affiliates and their sales information. Traditional businesses require money for rent, employee salaries, marketing and advertisements, insurance coverage and for maintaining a stock. That is why; anybody can participate in this business. He need not have financial backing.

A MLM business is very easy to operate. You need not have accountants to manage your balance sheet; there is not much of paper work and unnecessary book keeping. Whatever little paperwork is there, you can manage on your own. The rest of the paperwork is handled by the MLM Company so that you need not spend your time and energy in maintaining accounts. All you have to take care of is your income tax.

It is easy to market the products and the business as a whole, you do not need to invest money in learning the ropes of the game as the company gives you free training and there is not much tax that you have to pay on the income generated from this business.

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Businesslogy Sdn Bhd is author of this article on Multilevel marketing.

Find more information about Best MLM here.

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Monday, November 30th, 2009 at 9:55 pm and is filed under sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.