Author Archive

Aug
08

I need credit advise ?

Posted by: admin | Comments (4)
shop repossession

I bayed car almoust 7 years ago . We had so many problems with it and took it to shop many , many times. Well it got to point where we took it back ( voluntary). Well that showed on my credit as repossession . I have been told that it stayes on there for 7 years . Is there anything that i can do to remove this or is there anything else that i can do. Thank you

Passive Income
Categories : repossession
Comments (4)
retail lease

Being that I am a recent start-up I do not have credibility or clout just yet. The equipment I sell can sometimes cost thousands of dollars. Without eliminating customers how can I offer them financing/ lease terms from my e-commerce retail business? What steps would I need to take?

Sell and Rent Back
Categories : lease back
Comments (1)
Jul
25

Buying a Property at Auction in Tenerife

Posted by: admin | Comments (0)
commercial repossession

Auctions in Tenerife - are a pioneering auction company that allows people selling property to come into direct contact with those looking to buy property in Tenerife. Our new and unique online bidding system allows prospective buyers to view property and bid online for any property on offer. There are no closing dates on the auction and all bids are forwarded onto the vendors for their perusal. All successful bids will be notified immediately.

Situated in Callao Salvaje on Tenerife’s south coast, Auctions in Tenerife is a Tenerife company which has been set up by Les Calvert Director of Property-Abroad.com Ltd (UK) and PropertyinTenerife.com one of the largest independent property Portals on the internet with over 50,000 properties featured from over 45 countries.

With over 20 years in the Spanish and overseas property market Les is well placed to offer not only advice on the local property market but also on the wider scale of opportunities across the world. Our aim is to bring Property Auctions in Tenerife out in to the property market arena by holding free and ‘open to the public’ auctions online. We will feature properties for sale by auction from private sellers, estate agents and any other leading institutions be it Residential or Commercial.

Please feel free to browse around our website and if you feel that you would like to try our services for buying, selling or auctioning your own property then contact us now for a friendly chat.

Whatever your needs are regarding buying, selling or auctioning property in Tenerife, Auctions in Tenerife will be able to assist you and with an Aftersales Service second to none you are sure to enjoy the experience of owning a home abroad. In addition to our Auction Property we also have access to thousands of resale and off-plan properties for sale throughout the island.

Some FAQ’s to ponder:-

1. Why buy a property from Auctions in Tenerife?

We only feature properties that represent great value for money in today’s market.

We only feature clean titled properties.

We are the only free and transparent Auction House in Tenerife.

We don’t charge a buyers fee.

2. What are the advantages of buying property at Auction?

The opportunity to acquire a property at below market valuation.

When the right price is achieved, you know it’s yours.

No complicated chains.

Sales are normally completed within 28 days.

A wide choice of properties on which to bid.

Your purchase price is governed by you.

An open and secure method of buying property.

All legal documentation is clean and available.

There are no hidden costs.

There is no hard sell you are in complete control.

3. Who can buy at Auction?

Anyone can buy at our Online Auction. The website is global and anyone can bid from anywhere. All bids are put forward to the owners and once a bid is accepted the sale proceeds from there.

4. How do I bid online for a property?

Bid on your selected property using our Make An Online Bid for this Property link accompanying every property.

You can inspect the property at any time and arrange a valuation if you need one.

Property documents are available for checking in person prior to the sale.

NB: If you are successful you will need to send a €1,000 euro deposit once your bid has been accepted. You will then have a further 14 days in which to make up the remaining 10% deposit of the purchase price

If you are successful then you will be contacted by us to make the necessary arrangements for purchasing a property - we will guide you through the process.

And remember, if you have been unsuccessful then - please try again

Please note that whilst Auctions in Tenerife take every precaution to ensure the property and its details are correct, we can not be held liable for any misleading information given by the property vendor or his agent. Properties are bought via Auction at the buyers risk and the buyer is deemed to have taken legal and professional advice.

5. What is a Guide Starting Price?

A guide starting price is what we expect to start the bidding price from.

6. What is the Reserve Price?

In agreement with the vendor a minimum sale price is set, this is known as the Reserve Price. It has been known that vendors do sometimes lower their reserve price. All reserve prices are in confidence with the vendor.

7. How can I pay for my property?

If you are successful then you will be contacted by us and the buying process will be the same as a normal property purchase in Spain but our team will guide you through the buying process. Purchases can be paid for via a mortgage, loan or cash as you prefer.

8. How do I bid online?

Bidding on line is very simple and straightforward. Search through our auction property and find the property that you would like to bid on. Underneath every property in the auction section is a link to place a bid online “Make An Online Bid for this Property” simply click on this link and complete your details. NB: Your bid will need to be higher than any previous online bid if shown. We will then pass your bid onto the vendor and inform you of their decision. If the vendor accepts your bid we will need your deposit and we can then begin the purchasing process.

9. Can I view the Properties for Auction?

Yes, simply contact us to arrange a suitable viewing date and time.

10. Do you arrange inspection tours?

We do not arrange inspection tours but we can arrange for viewings and assistance with finding flights and accommodation locally.

11. How long before I complete the sale?

The sale process can normally completed within 1-2 months but in extreme cases this can be extended.

12. What are the costs of buying at Auction?

Other than your normal legal costs - which your lawyer will advise you of there are no further costs involved. Auctions in Tenerife do not charge any fees to the buyer and entrance to the auction is free of charge.



Quick House Sale
Categories : repossession
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commercial repossession

Making a real estate purchase, especially if it’s for the first time, can be intimidating. There’s a lot to consider, including hiring agents, finding the right homes, and of course the sky high prices you’ll find on most quality homes these days. However, there are ways to make the entire process easier on you and your wallet, and one of the most notable ways to do so is to look into buying foreclosure homes.

Foreclosure homes are special types of real estate that are sold by lenders, banks or government agencies as a means of collecting a debt owed by a previous homeowner. In many cases, these properties are in pristine condition, and in today’s surging market, it’s often possible to find newly built homes that have barely been lived in. But best of all, foreclosure homes offer the buyer the chance to save anywhere from 10 to 50% off market value when they buy an apartment, house or even a commercial property. Those kinds of savings are unavailable on any other kind of real estate.

And this might be one of the best possible times to get involved in the foreclosure homes market. With the national foreclosure inventory estimated to currently be close to one million homes, many areas are seeing record numbers of foreclosures, and this is bringing prices way down. The flooded market is allowing homebuyers and investors the chance to find great deals on all kinds of properties that will pay off for years to come.

BankForeclosuresSale.com specializes in helping homebuyers and investors take advantage of these great chances for savings on foreclosure homes by improving the ways in which buyers can locate listings. A simple search on our foreclosure homes database will yield all kinds of properties that will match all of your needs for a price that will thrill you. Foreclosure homes are quickly becoming the number one way to find discount property in the country, so check out the savings available to you today!



Rent Back
Categories : repossession
Comments (0)
repossession

when the car is actually a secured loan.
what is the logic behind it that’s so much worse than regular debt unpaid?

if someone’s credit is already shot, say 600, how much damage can repo do?

Quick Property Sale

Categories : repossession
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quick commercial sale

How to Determine the Value of Commercial Property

Investing in commercial real estate is quite lucrative if you are an intelligent investor, who has a property purchase plan from the beginning. Before you ever make a move to begin the purchase process, it is wise to take a look at the property to project the potential value of your investment.

Not all valuation methods are created equal

Before discussing the actual valuation of commercial property, it is prudent to know the different methods of real estate valuation. The first is the market valuation, or sales comparison method. Residential homes are usually valued using the sales comparison method since the value of a home is directly related to the price a buyer is willing to pay compared to the sales price of similar homes.

Another method is the Cost Valuation Method, which is simply land value plus an estimate of what a building or other improvements would cost to reproduce in today’s dollars.

And the last method, which is used most widely in commercial and investment real estate valuation, is the income capitalization method, or cap rate method. Using this method, commercial property is valued by determining the rate of return on an investment, or capitalization rate, divided by the average net operating income (NOI) for the property. NOI is the gross income for the property less expenses, but not including debt service or mortgage payments.

For instance, you as an investor find a nice retail strip center for sale. The current owner provides details of the previous 12 months net operating income, and you find that the average yearly NOI is $75,000. The capitalization rate for the area you are looking is about 10%. Therefore, by dividing $75,000 by 10%, you can figure that $750,000 is a good estimation of the value of the property.

Enlisting professional sidekicks for your commercial portfolio

Remember that this type of quick estimate is a ball park figure only. A true and accurate valuation can be performed by a licensed commercial real estate appraiser. Also, if you use a commercial mortgage broker to help finance an investment, the broker can provide a clearer estimated cap rate valuation because he has access to databases that provide critical information, such as accurate cap rates in the area of your potential investment, typical vacancy rates, and average rent per square foot for an area.

Keep in mind that the seller may provide financial statements and data that are overstated or exaggerated. For instance, he may indicate no vacancy contingency in his expenses. Or gross rents may be higher than the average for the area. It is wise to carefully analyze the income statement and use the experience and knowledge of a broker or appraiser to figure accurate numbers when calculating the potential NOI for a property.

Befriending the PPU for valuation

Another type of commercial real estate valuation is the price per unit or PPU. The PPU may be used on commercial property, such as apartment buildings, where excessive vacancies may skew the financial data and the final NOI cap rate. By using the sales comparable method mentioned above, a commercial real estate appraiser can more accurately determine the value of an apartment building by comparing the recent sales of similar apartments, and determining an average price per unit. Simply multiplying the PPU by the number of units in a potential investment can provide an accurate valuation.

It is helpful for an investor of commercial real estate to know the methods of valuation for a property. By knowing the methods and working with a team of experts, an investor can intelligently determine whether a commercial property will be a profitable investment.

 



Rent Back Fast
Categories : sell quick
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quick commercial sale

The Marketing-Phobic Author’s Guide to Profitable Book Promotion

(Excerpted from The Well-Fed Self-Publisher: How to Turn One Book into a Full-Time Living, by Peter Bowerman. Fanove, 2006. www.wellfedsp.com).

I saw a great series of billboards in Atlanta recently. It was for Apartments.com, an online clearinghouse for apartments that allows you to search for exactly what you want in any state. The first billboard had just one short sentence (their tag line, actually) across the middle: “You want what you want.” Then, simply their logo and the Apartments.com name; a thing of simplicity and beauty. In one five-word sentence, they nailed THE hot button for their audience: personal taste and choice in an apartment.

But, say “marketing” or “sales” to a roomful of right-brained author types and watch the sweat beads pop. But, getting comfortable with the whole sales and marketing thing really is easier than you think…

It’s ALL About the Customer

In the course of promoting your masterpiece, you’ll be crafting a pretty steady stream of promotional materials: press releases, marketing proposals to wholesalers, distributors, and booksellers, email pitches to book review targets, queries to publications to submit articles, notes to groups soliciting invitations to speak (and accompanying promo materials, and much more. As such, it’s good to understand what’s important in this process (your audiences and what they want) and what’s not (you and your book).

Here are the three fundamental principles of sales and marketing – principles that, incidentally, are already a part of your frame of reference as a consumer:

1) “Audience” – Always understand who your audience is and what language will best get through to them.

2) The Features/Benefits Equation – Focus on driving home what you know is important to your audience, not just talking about you and your book.

3) The Unique Selling Proposition (USP) – Figure out what sets your book apart in the marketplace and drive that difference home – early and often.

Sales = Making it Easy

Developing a marketing mindset means always looking at things through the eyes of your target audience. For example:

• You want someone to post an Amazon review (after they gushed on about your book in an email), so you send them the actual Amazon link to your book.

• When sending out review copies (and the heads-up emails), you include a prominent link to your “Media Resources” section, which includes everything a potential reviewer might need to put a review together.

• You want some “key influencer” to promote an upcoming event of yours, so you send an actual ready-to-go promo blurb, as if written by them, so that it’s just a simple cut-‘n-paste to get it handled.

• You contact a journalist to get some publicity, and you include a link to “News Pegs” in your Media Resources section.

In all these cases, you’re thinking about their reality and that you’re not a high priority in their world. As such, you need to make it as easy as humanly possible for them to do what you’re asking them to do. Let’s explore each of the three in a bit more depth…

“Who’s the Audience?”

This is absolutely THE first question you need to ask yourself whenever you’re about to put together any promotional copy. When you buy a product you heard about through some form of advertising, it’s because something spoke to you. Someone knew what to say to make you sit up and take notice – which is exactly what will happen when a message is well crafted. What’s amazing – and tragic – is how much marketing material, put together by authors and prestigious publishing houses, is poorly written and doesn’t consider the intended audience. If you can get it right, you’ll set yourself apart.

The Features/Benefits Equation

Some time back, I was contacted by an author who wanted me to review a press release for their new book. It was full of superlative adjectives about the book, hyperbolic gushing-on about the author, and other unforgivable self-indulgences. In short, tailor-made for a quick trip to the circular file. So common. So unnecessary.

The Features/Benefits Equation is an absolute cornerstone of sales and marketing and a concept with which we’re already intimately acquainted.

Basic Definitions

In the publishing context, features are all about a book and its author. Benefits are about your target audiences – what’s important to them, and how your book addresses those issues. Always begin with benefits, follow with features. The more you make it about you and your book, the more likely your intended audience will ignore you.

A Book Example

Okay, using my first book as an example, you think people care that Peter Bowerman leveraged a sales and marketing career into a new career in the lucrative field of commercial writing and then wrote a book about it? That the book covers X, Y and Z subjects? Yawwwwwwwwn. That’s all about me and my book.

If you were a prospect for my book, I’d wager good money that you’d care far more about the fact that there’s this lucrative field called commercial writing, where you fulfill your dream of making a good living (i.e., $50-125 an hour) as a writer. A field that can provide a great income while letting you work from your home, have more time for life, loved ones, and leisure. Sound better? Course it does. Because that’s all about you – your favorite thing in the whole world! Then, once I get your attention with things I know mean something to you, I can tell you more about me.

Just remember, if you’re an unknown author, journalists couldn’t care less that you’ve written a book. A release about a book and its author is…features. That reporter wants benefits: “Tell me why that book is important to my readers/viewers.” Not the book, but the angle represented by the book. Those are the benefits.

USP - The Unique Selling Proposition

Every book is unique in some way. Once you determine the audience for your book, zero in on its Unique Selling Proposition (USP) – THE thing that sets that book apart in a marketplace full of competitors (more important with non-fiction than fiction). What does it do that others don’t? Once you determine your book’s USPs, make sure they show up in your back cover copy and in most everything else you send out. Drive the message home.

Getting comfortable with sales and marketing doesn’t have to be painful. And when you make these concepts your friends, and they become second nature, you set the stage for some serious promotional success.

***************

Can’t land a publisher? Do it yourself, and make a living from it! Check out the free report on self-publishing at www.wellfedsp.com, the home of the award-winning 2007 release The Well-Fed Self-Publisher: How to Turn One Book into a Full-Time Living.



Sell House Quick
Categories : sell quick
Comments (0)
retail lease

I have a retail bead store and am not interested in moving my biz to a new location. Would it be better to try to sell it to someone that would be willing to move it or liquidate my assets? Any other suggestions that you might have to be able to come out without debt?

Rent Back Fast
Categories : lease back
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quick commercial sale

Buying commercial foreclosures can make any investor a boat load of money. If you are interested in investing in real estate, commercial foreclosures may be the option you have been looking for. Even though commercial foreclosures are not as common as single family homes, you should be able to find at least a couple nearby so that you can get started. When it comes down to it, if you know when and how to buy commercial foreclosures you can make a lot of money. Investing in these properties is a trend that is taking off, and anybody can get in on the action with a little bit of knowledge.

A commercial foreclosure is the same as one on a residential property. They happen when the owner does not pay their mortgage. This forces the bank into foreclosing on the property, and subsequently putting it up for sale to the public. And when a bank has a commercial foreclosure in their possession, they will want to sell it as quickly as they can. After all, they are not making any money by letting it sit around without anybody paying for it.

Do you know what a commercial property is? These properties are ones that people do business in. So for instance you could find commercial foreclosures that are large office buildings, or ones that are small retail outlets. Any place where business can be conduction is considered a commercial foreclosure.

At this point you may be thinking about how investors make money with commercial foreclosures. The answer to this question is relatively simple. To make money with commercial foreclosures you will want to get the best price possible when you make a purchase; but of course this is the case with every piece of real estate. From there, most investors begin to rent out their properties to businesses that are looking for space. The income that they get each month in rent will cover their mortgage, and in many cases make them some extra profit as well. The real money begins to come in when an investor has a commercial property paid off. At this time any rent that the owner gets is mostly profit; this is the stage that you should strive for.

Overall, commercial foreclosures can be great investments. No matter what your situation, if you are an investor you should give commercial foreclosures a strong consideration. They may not be exactly the same as single family investments, but the profits that are available are most certainly enticing.



Rent Back Fast
Categories : sell quick
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quick sale

A short 2 or 3 word phrase will be marvelous. Thank you.

Sell House Quick
Categories : sell quick
Comments (7)

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