Buying a House…Is it still the “Best Investment a Young Couple can make”?
In 2012, the billionaire investor, Warren Buffet, was asked whether he would advise a young investor to put his money in stocks, or use their savings to buy a first home. He replied that buying a home with a 30 year mortgage, with a low interest rate, was as an attractive investment as anyone can[...]
Simple Steps to Help you Purchase your First Real Estate Property
Buying your first property? Then here is a simple step by step approach to guide you on that important purchase. Determine your budget [...]
Mobile Internet Technology is Changing the Real Estate Industry
The internet and mobile internet technology are reshaping how Real Estate services are being delivered. The customer is quickly adopting a mobile lifestyle and we as Real Estate professionals must adapt our business. Online technology has moved to mobile devices and spawning changes in lifestyle and professional behaviour that promises to be even more impactful than[...]
Perseverance an Integral Ingredient in achieving Success
There are times in every business and every career when we experience failure. At age 30, after initial success with Apple, Steve Jobs was fired. Jobs found himself unemployed. But he persevered and years later said, getting fired from Apple was the best thing to ever happen to him, because it allowed him to think[...]
Success Starts in the Mind
All success starts in the mind. As Napoleon Hill says in his iconic book, Think and Grow Rich, ‘Success starts with Desire and a belief that you can attain the Desire.’ It is no different with your ambition to succeed as a Real Estate Agent. What is your desire? Is it a burning Desire? And[...]
Basic Real Estate Calculations for those Considering Investing in Real Estate as a Business
When investing in Real Estate as an investment and not as a home, the most important calculations you should know are: Net income:- This is the projected annual income less the projected annual expenses in owning the property. It is useful to also calculate the net income per month. The net incomes does not normally[...]
Mortgage Refinancing
With all the offers of mortgage refinancing by local mortgage companies, we share some thoughts on the subject and invite subject matter specialists to add their advice. A mortgage refinance usually refers to the replacement of an existing mortgage with another mortgage under different terms. The mortgage refinance can either be with the existing bank[...]
Budgeting for your Real Estate Business
Another of the best practices highlighted at AREA’s Best Practices for Real Estate 2015, is the importance of Budgeting and the management of income and expenditure to stay within the Budget. Cash flow is the life blood of any business, so much so, that it is possible for a company to be making a profit[...]
Business Protocols for Real Estate
At the recent Best Practices for Real Estate 2015 Seminar, Mr. Mark Edghill delivered a presentation on Real Estate Protocol and Business Practices in which he outlined a number of Best Practices in running your Real Estate Business. The overarching theme was ‘Your Real Estate Practice must be run as a Business with all proper[...]
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