Buy houses at discount prices

Written by John Whiteside

Continued from page 1

If you've been to auctions or looked at properties which have not sold in a while and are being no longer advertised, follow up on them. After so much hassle of advertisingrepparttar house and no sale,repparttar 151180 vender may be tempted to sell at a discount.

Buying strategies:

Instead of looking for properties to purchase, letrepparttar 151181 properties come to you. Get your own add in your local Newspaper saying something like," Serious property buyer, wants to buy houses from motivated sellers quickly". You'll be surprised atrepparttar 151182 number of calls you'll receive.

Don't reveal all your cards, as in try not to say why you wantrepparttar 151183 property or how quickly you want to buy. Never makerepparttar 151184 first offer, letrepparttar 151185 seller make it. Oncerepparttar 151186 seller states their price tag, say you want twicerepparttar 151187 discount you want off their price. So for example,repparttar 151188 seller says they will sell it for $100,000 and you want a 5% discount, (5% of 100,000 = 5,000. 5,000*2 =10,000) offer $90,000 and counter offer up from there.

Staple a check forrepparttar 151189 deposit payment to your next offer. Ifrepparttar 151190 seller countersignsrepparttar 151191 contract and banksrepparttar 151192 check they have acceptedrepparttar 151193 deal. The psychological impact of this tactic is amazing. This tactic showsrepparttar 151194 seller that you are deadly serious about purchasingrepparttar 151195 property quickly. It is also very tempting to just bankrepparttar 151196 check right now even though they will be sellingrepparttar 151197 property at a discount.

Don't put emotions intorepparttar 151198 picture. Even if you are purchasing a house that will be your home, just because you think a bathroom looks 'adorable' you must not be willing to pay any more than its worth! This especially applies at auctions whererepparttar 151199 atmosphere makes it very hard to not bid.

Can I looserepparttar 151200 equity that I have created:

Yes, but not likely. If you are savvy about it you can time your purchased property to gain even more equity from appreciation ofrepparttar 151201 housing market in addition to creating immediate equity.

Increase of real estate value by percentage in Australian Districts

To look atrepparttar 151202 graph:

As we can see fromrepparttar 151203 graph, housing prices eventually all go up due to increasing demand.

The only time you can loose money is if you sell. If you never sell you will never loose money. You may loose equity whenrepparttar 151204 market goes into recession, but eventually as population and demand for housing increasesrepparttar 151205 property you have purchased will appreciate. If you are looking to continuously gain equity you must purchase in high capital gain areas.

Whenrepparttar 151206 market is booming try to purchase properties for a 5%-10% discount.

Whenrepparttar 151207 market is flat try to purchase properties for a 10%-15% discount. Whenrepparttar 151208 market is in recession try to purchase properties for a 15%-30% discount. For information on real estate investing, investing, and how you can use and create equity in your home.

Property investor and equity user!

Payday Loans: Personal Finance Savior Or Disaster?

Written by Joel Walsh

Continued from page 1

• A few companies offer no interest loans to first-time borrowers. Find them. Be aware ofrepparttar length ofrepparttar 151179 loan and any other terms to help you chooserepparttar 151180 best payday loan lender. Be sure you knowrepparttar 151181 total amount you’ll have to repay before you takerepparttar 151182 cash.

• Always readrepparttar 151183 fine print.

• Payrepparttar 151184 loan when it is due, on your next payday. The payday loan period may be extended, but you’ll have to pay additional (and large) interest and finance fees. Also, if you do not repayrepparttar 151185 loan with your next paycheck,repparttar 151186 lender may even automatically renewrepparttar 151187 loan by withdrawingrepparttar 151188 fees from your checking account. This could cause you to be overdrawn and incur penalties from bothrepparttar 151189 lender and your bank.

Meet Frank: A Real-World Payday Loan Story

Frank’s car broke down and he needed $300 fast. Panicking, he went online and choserepparttar 151190 first web payday lender he found. He filled outrepparttar 151191 simple form and had his money in his checking accountrepparttar 151192 next day to be repaid in a week. The fee was $30.

When payday came, Frank couldn’t afford to pay backrepparttar 151193 $330 so he asked for an extension, which he got for another $30. Sorepparttar 151194 next payday Frank had to pay $360 to cover his $300 payday loan.

If Frank continued doing this for a year, he would end up paying $1560 in fees. Most likely,repparttar 151195 lender wouldn’t letrepparttar 151196 loan ride for that long. But this shows how expensiverepparttar 151197 payday loan fees really are, when you compare them withrepparttar 151198 interest on bank loans or even credit cards.

What should Frank had done?

• Frank should have looked at more than one web payday lender, checking forrepparttar 151199 best terms and lowest interest rate.

• After choosing a lender, he should have checked it out withrepparttar 151200 Better Business Bureau to be sure it is reputable.

• He should have had a plan for repayingrepparttar 151201 web loan before he gotrepparttar 151202 money so that he could have paidrepparttar 151203 loan on payday and not needed an extension.

So, how can you do better than Frank?

Payday loans or cash advances are lifesavers for short-term, small cash problems. With thought and care, you can solve your temporary money problems quickly without making your long-term financial situation worse. Start your search for a great payday loan at a reputable website today.

Joel Walsh suggests you start here to find good lenders of payday loans: [Web publication requirement: create live link for the URL/web address using "payday loans" as visible link text/anchor text.]

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