How To Sell Houses FAST in a SLOW Market

By: Trace Trajano

The pundits of CNN, MSNBC, Fox News and other news agencies are all saying the same thing: "It's impossible to sell houses in today's market. The sky is falling. The US is in a recession and the foreclosures are only going to increase."

Boy are they wrong.

Specially about NOT being able to sell houses. You want proof?

What about the checks I have received in the past 4 weeks alone:

week of 11/3 - houses sold - 1; check received: $93,000+
week of 11/10 - houses sold - 0; check received: $0
week of 11/17 - houses sold - 2; checks received (total): $18,000; additional amount expected when we close: $2,750
week of 11/24 - houses sold - 2; checks received (total): $2,000; additional amount expected when we close: $5,500
TOTAL AMOUNT CHECK RECEIVED: $113,000
additional amount expected when deals close: $ 8,250

I am not showing off these figures to brag. Rather, I am proving a point. In today's tough market, it's possible to sell houses LIGHTNING FAST.

On Monday, December 1, 9 PM Eastern or December 2, Tuesday 10 AM Philippine time, I am going to reveal to my student-partners and franchisees the exact same strategies I use to sell houses LIGHTNING FAST in today's market.

Sorry. This webinar is open ONLY to my student-partners and franchisees. They paid good money to become my students and so they deserve a lot of value in return. If you want to enroll as my student-partner, email me at MoneyYoda@GMail.com

BUT, in the spirit of Thanksgiving, let me give you some overview of what I will discuss with them on Monday (Tuesday in the Philippines):

1. To sell quickly, build a buyers' list first. It's easier to find a house for a buyer than a buyer for a house. How do you do this exactly? I will reveal it to my students in the webinar.

For example, I found 309 buyers who are landlords or renovators who bought houses in the past 6 months. I will reveal to my students how I did this exactly. It's a secret method that only 1% of the real estate investors know. To find out what this "secret" method is, email me at MoneyYoda@GMail.com

2. Learn how to market properties properly (what a tongue twister!). How do you do this? In the webinar, I will present 20 online and offline ways to sell a property. In this market, posting an ad in the paper or putting your house up for sale with an agent are not enough.

3. Learn about your market. Find out what is selling – what type of house, what price range. Who are buying them? By doing this, you will avoid buying the wrong properties in the wrong areas and selling them to the wrong buyers.

4. Learn how to buy properties CHEAPLY. I am not talking about 10-20 percent discount. I am talking about 40-50% discount. To sell a $100,000 house fast in this market, you have to buy that house for $50,000 and sell it for $80,000.

5. Learn about financing. It’s all about the money. Learn what banks are offering. Learn about creative financing like owner financing and lease options. The more flexible you are in helping your buyers, the easier it is for you to sell your properties. Again, during the webinar, I will reveal these financing options to my students and franchisees. To enroll in my student-mentoring program, email me at MoneyYoda@GMail.com

Dedicated to your success,

Trace

P.S. Unlike other gurus that charge you an arm and a leg to sell you products that no longer work in this market, my student-mentoring fee is a mere $49 per month and you get access to all the know-how and I partner with you to help you buy and sell your properties. Interested? Email me NOW at MoneyYoda@GMail.com

P.P.S. There is a $997 set up fee to join my mentoring-partnership program. However, if you sign up before December 1, I will waive that fee. Email me NOW to sign up (MoneyYoda@GMail.com)

P.P.P.S. My students and franchisees are complaining why I am giving this mentoring-partnership program so cheaply. I will likely increase the price significantly. Email me NOW at MoneyYoda@Gmail.com!

Loans and Mortgages

Posted by Negros Chronicle Published in Footsteps and Fingerprints

FOOTSTEPS AND FINGERPRINTS
by: NANCY RUSSELL CATAN

Nowadays we hear a lot about loans and foreclosures due to the tightening economic situation worldwide. Many people especially in the States who have mortgages on their homes and even on the physical assets in their businesses are facing serious downsizing and/or bank ruptcy. When we get a loan from a bank or financial institution, we are required to put up collateral for security, to insure that we will pay back the loan. If we don’t pay it back as agreed, then we lose our collateral to the financing institution.

Whether affected by the current economic crisis or not, we, all of us, have outstanding social mortgages.

What is a ‘social mortgage’? Property under a social mortgage has an intrinsically social function, in that it is supposed to, in one way or another, contribute to the good of society, to all members of our society.

We often consider money, wealth, and success as desirable goals of work, and we equate these goals with the material possessions that we acquire and own – land, buildings, vehicles, and other tangible assets.

Yes, our work needs to be justly remunerated. Yes, as workers we must be rightly compensated for our efforts. But we also need to recognize that we are not called to work just to be able to “have” or acquire more and more, but that our work must enable us to “be” more fully human not only as individuals, but also as contributors to the good of all persons, for the benefit of society in general. Everything we have is, in fact, on loan from God, our Father and Creator. He has given us stewardship over our possessions and acquisitions through a “social mortgage”.

As responsible stewards we must work to be able to return these things to Him, or to those in need, those who have less in life than we do. We should pay off our social mortgage to those who are least, last, and lost. And not only look to paying off the mortgage but also the interest it has earned.

If we have many employees, we must consider the welfare not only of the employees, but also of their families. How are we improving their lives?

We need to ask ourselves: am I really using all the home appliances I have, or are they just displayed to promote my social status, or do they just lie around gathering dust because I only use them on anniversaries and birthdays? Are my closets full of clothes that I only wear maybe once a month, or even once every six months? The bottom line is: am I using the things I have, my assets, material possessions, my business integrity, skills, talents, and treasure to promote the common good, not only my good? How well am I paying off my ‘social mortgage’? If God owns it all, what I am doing with it?

SSS' FORECLOSED PROPERTIES OFFERED AT 5% DEPOSIT

PHILIPPINES LATEST NEWS

2008-10-31 14:02:34 - MANILA. Easier purchasing rules are unveiled at the Housing Fair. SSS relaxes foreclosed housing sale conditions

By Catherine J Teves

The Social Security System (SSS) is offering, through its year-long Housing Fair III program beginning October 2008, more lenient terms for prospective buyers of the agency's acquired residential properties.

MORE PHILIPPINES NEWS: www.balitapinoy.net

SSS lowered its required downpayment from 10 percent to five percent of a property's selling price which is based, in turn, on its fair market value.

"This

is among the changes we made so that more people can avail of properties the SSS is disposing," the agency's Real Estate Department Section Head Tomas Ramirez said Thursday at the on-going third Housing Fair in Mandaluyong City.

He also said SSS raised from PhP300,000 to PhP500,000 maximum selling price to be levied six percent interest.

Properties selling above PhP500,000, not PhP300,000 as previously required, will be charged nine percent interest.

Ramirez further said SSS adjusted applicants' maximum age limit from 65 to 70 years.

"Sixty-five year-olds can still apply for a five-year housing term," he noted.

He assured properties for sale are covered by fire insurance.

SSS' October 2008 inventory shows 427 single detached houses and other residential properties nationwide, collectively valued at PhP185.97 million, are up for disposal.

Prospective buyers can contact SSS Real Estate Department at (02) 920-64-01 locals 5121 to 5127 to inquire about these properties' location and other details.

To further encourage prospective buyers, Ramirez said SSS increased from five to 10 percent its discount on cash sales made during Housing Fair III.

SSS is also giving buyers an additional 10 percent discount if they're able to evict occupants illegally occupying properties they bought.

This program is SSS' support to the Housing Fair government-run Housing and Urban Development Coordinating Council spearheaded yearly since 2006.

SSS' Housing Fair program aims to help more Filipinos acquire their own houses so nationwide housing backlog can be reduced.

This program also seeks to help dispose SSS-acquired residential properties.

"Through Housing Fairs I and II, SSS was able to sell 454 residential properties worth some PhP198.6 million," Ramirez noted.

He said Filipinos working in both public and private sectors as well as overseas Filipino workers can buy properties under Housing Fair III.

Non-SSS members can also apply for Housing Fair III residential properties, he added.

Please Check this … the acquired assets - FIRST COME , FIRST SERVED BASIS !

Application Procedure for

“Magaang Pabahay, Disenteng Buhay Program”

1. Check on the list of the Fund’s available acquired assets for sale
2. Secure, accomplish and submit two (2) copies of Reservation Form
3. Receive duplicate copy of the Reservation Form duly signed by the Fund’s authorized representative. You will be given a priority number and take note of that priority number.
4. Confirm your offer to purchase and pay the 5 percent downpayment within 5 days from date of reservation. Otherwise, the reservation shall be cancelled.
5. The remaining 95 percent shall be paid either thru cash or Pag-IBIG Housing Loan.

Documentary requirements for purchase made through Pag-IBIG Housing Loan

1. Housing Loan Processing Fee of P3,000.00
2. Income Tax Return/ W2
3. Certificate of Employment & Compensation (duly notarized)
4. Latest (1) month Payslip (duly certified by the employer)
5. Audited Financial Statement for Self-employed
6. Latest Employment Contract for OFWs
7. Photocopy of TIN Card & Cedula
8. Member’s Status Verification Slip (MSVS)

About 5,000 Pag-IBIG Acquired Housing Units are up for sale of discounted rates from 15 percent to 25 percent discount.

Could be availed through

Cash Sale or

Housing Loan

> 6 percent interest rate > 30 years loan term

> 5 percent downpayment of discounted selling price

Location – > Davao City, Tagum City, Samal City, Panabo City, General Santos City

Koronadal City, Cotabato City, Kidapawan City, Tacurong City

Ø Compostela Valley Province, Davao del Norte, Davao Oriental,

Ø Davao del Sur, South Cotabato, Sarangani, North Cotabato,

Ø Maguindanao, Sultan Kudarat

For those of you who are interested please visit or call the following

Acquired Assets Unit of Pag-IBIG Fund

DAVAO CITY

2F Pryce Tower Condominium

JP Laurel Avenue, Davao City

Tel. No. (082) 224-4733

TAGUM BRANCH

2F Ramos Bldg.,

Arellano St., Tagum City

Tel. No. (084) 400-4698

GENERAL SANTOS BRANCH

2F RD Bldg.

Santiago Blvd., General Santos City

Tel. No (083) 552-7632

COTABATO BRANCH

6F CYM Bldg.

Don Rufino Alonzo St., Cotabato City

Tel. No. (064) 421-6946

Source: PAG-IBIG Fund South Mindanao

Western Visayas housing fair kicks off on Wednesday

October 27, 2008 11:51 am by pna

ILOILO CITY, Oct. 27 – Government and private employees and overseas Filipino workers (OFWs) looking for a lot or house and lot packages are the main target of the Western Visayas Housing Fair 2008 that will kick off here in Oct. 29.

Eva Marfil, regional manager of the Housing and Urban Development Coordinating Center (HUDCC) in the region, said the week-long activity is in line with the Shelter Month celebration this October.

It will showcase various housing projects of subdivision developers and items on sale or foreclosed properties of government housing agencies.

The activity seeks to raise the awareness of the public that there are housing projects that are available they can buy either on cash or installment basis.

These will include properties of the National Home Mortgage Finance Corporation (NHMFC), Pag-ibig Fund, Social Service System (SSS) and the Government Service Insurance System (GSIS).

She added that foreclosed properties of government financial institutions (GFIS) will be sold at a discounted rate.

The activity with the theme "Bakit ka Mangungupahan Pa Kung Kaya Mo namang Magkabahay Na" is now on its 5th year.

The exhibit, that will last until Nov. 4, will be held at the Robinson’s Place here. (PNA)

FFC/AJP/PGL

Source: News.balita.ph