Want Home Loan

By Dannie Jensen

 Real estate is one commodity that many depend upon to get them through the rough times in their investment strategies. The problem is that unlike stocks and bonds, real estate is not the most liquid of assets to turn into cash when the going gets rough and money is needed immediately. This may be the one large drawback when it comes to real estate. You cannot rely solely upon real estate to get you through the financial rough patches, as real estate is a very fickle market.

There is only one way in which real estate can truly be sold in a sluggish market such as the one that is rocking the real estate world at the moment and that is not always a way that is ideal for investors. However by offering an exceptional value to consumers, you can almost always manage to sell real estate. This is by far not the method of choice for investors. Investors are often encouraged to hold onto properties during the rough patches by any means possible (and ethical of course) in order to get the maximum profit they are hoping to achieve in the endeavor. When this is not possible, make sure the property being offered and sold is the best value for the money that is currently on the market.

Play up the attributes of any given property and offer several properties for sell at once (assuming you own more than one). More importantly, offer different types of properties rather than one style of property. If you own a few rentals, a couple of vacation homes, time shares, and perhaps a corporate office building or two put one of each on the market and see which sells more quickly.

Another thing that must be considered in a sluggish market is that you cannot attach an emotional value to the price of the property. This is simply bad business. No matter how much sweat, tears, and blood have gone into the property you must realize that just as it is a business transaction for you, so it is for the person placing the bid. You cannot afford to run off potential bidders by becoming insulting or feeling insulted by their bids. Make a counter offer and see what happens rather than letting emotion rule the day. In a buyer’s market there will be low offers.

There are many who make livings (like most investors are attempting to do) by buying low and selling high. This means they will make an insultingly low offer the first time around to see where the seller stands. This doesn’t mean they are the scum of the earth only that they are in this for the greatest possible profit. Do not take their actions or attitudes personally. They are not insulting you or the property only attempting to gain the most money in the process. Most businesses operate that way no matter what they claim.

Selling property in a sluggish market can be a disappointing and gut wrenching process but it is often necessary for one reason or another. Unexpected expenses arise and money is needed when it is needed. This is after all why we make these investments in the first place, to be able to handle the unexpected twists and turns that life tosses our way.

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How does Dubai
s Debt Impact Calgary Real Estate?

By Joe Samsone

 Here we go again! Better hang on to what youve got because another financial correction of our not quite yet recovered economy is coming. Is it?

For many years during the real estate boom, Dubai seemed as a paradise with an indoor ski arena in the middle of the desert and skyscrapers reaching above sand storms or magical islands erupting from the middle of the ocean with dream like real estate on them.

Now that the storm started to settle a little bit, the bills are coming in and its creating some deer in the headlight feeling form many investors because its time to pay.

Right now there are more questions than answers at this point. But here is a snapshot of what the big fuss is all about. Dubai currently has an outstanding debt of 80 billion dollars of which 59 billon dollars is directly resulting from the major real estate expansions that they have been over building and bragging about to the west to prove to them that they can build bigger and better real estate

Dubais debt problems started to snowball just like the rest of the globes economy took a turn about a year ago. Their real estate market had also gone through a major correction the last couple of years creating major financial concerns from the imploding real estate prices. The sad thing for Dubais economy is that most of their growth was a result of foreign investments simply based on pure speculations vs. fundamentals.

Now what causing this panic reaction on the markets is the fact that Dubai had some of these loans worth billions of dollars becoming due in the next couple of weeks and they simply said that they are not in the position to pay it at this moment and are asking their creditors for an extension on their payments dead line until sometime in the future.

The great news for Canada is that there are no Canadian institutions involved with Dubais investments that are at topic here. Primarily some European and Asian banks are the ones that are running after their investment money right now. What the global financial market is really concerned here is the interconnectedness between the European/Asian banks and the rest of the word. We dont have to travel back in time to far to remember the sub-prime era in the US even though the real estate was a localized problem with mainly local banks, the rest of the word suffered just as much as the US banks because loans or investments are being sold amongst banks on a daily basis. Meaning that if a particular bank provides a mortgage to a customer that same bank may not be the sole owner of that mortgage a few weeks or months down the road.

So what is this have to do with Calgarys real estate market? Technically it shouldnt have a direct impact unless the rest of the markets begin to tumble and creating panic amongst investors who will decide to sit on their investment eggs for another few more months. Dont forget, real estate is something that you can drive by everyday to check on and you cannot liquidate it as you would sell a piece of stock on the Internet. Houses dont evaporate over night just as stock portfolio may due to a panic attack on the market. If you are thinking long term with real estate you shouldnt be too concerned with these little blips in the market.

The whole confidence factor might have got ahead of itself a little bit too fast and it would be a normal cyclical reaction of the market to go through a minor correction in the near future just to remind investors that we are not fully recovered yet.

For information about the Calgary real estate market, visit JoeSamson.com an excellent resource for Calgary homes for sale.

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