|Real Estate Information|
Property Investing - Am I Buying for Profit or Prestige?
All of us have emotional preconceptions and assumptions. They are reinforced and fine tuned by our experiences of life, be they traumatic, disciplined or consistent. Our brains are designed so that the emotional patterning centers mature while we are still in utero, whereas our rational centers begin to mature at about 4 years old and finish maturing through adolescence to early adulthood. Non- rational emotional patterning is therefore a design feature!!
Most of us have some common preconceived ideas, historically these were things like the earth was flat, and we couldn't fly. Now they are more likely to be about how we structure our lives.
Why do over 3 million people in Sydney need to get up and go to work at the same time, every day and cause massive traffic congestion? Why do we think this is normal? Is it normal? Does it work for us? Why do we keep doing it?
As well as commonly held patterns we all have a few family specific ones and, a number of which are unique to our experiences of life. Because they are a design feature, they are supposed to be there. Most people seem to presume not and try to weed them out or ignore them and hope they will go away.However, a big property purchase looms. Our money is involved. For most people our emotional patterns will be triggered and we will react. The issue isn't that we have a reaction, the issue is the reaction becomes our focus and we try to fix our upset. In the process we forget to focus on the property transaction!
Property transactions are very complex procedures with finance, legal, vendor and purchaser coordinating to a finite window. Much expertise and sensitive negotiation can be involved. There are few opportunities we participate in with a more immediate effect on our bank balance, cash flow and, for many, sense of self. This is not a good time to be distracted!!
What are the sorts of things that distract us?
We could look at many behaviours, however we get simpler pictures if we examine motive, sometimes conscious, sometimes hidden a little deeper. A client might be worried about how they are perceived. Property becomes a tool to prop up their perception of themselves through others thinking more highly of them. These are often people who love to drop property reports into general conversation. Hoping to snare some self esteem through others' reactions.
These people buy for prestige rather than wealth creation. They want an address and landmark that their mother-in-law, social set and the boss approves of and almost envies. Glossy prestige marketing lures them to overpriced deals that fail to capitalize to expectations. They may go sour on the concept of gaining wealth through property and find some other way to prop us their image. However, did they ever really look at property with open eyes to examine the business of creating wealth?
Other clients are more concerned about doing it the right way. Hence every detail must be managed. They find professionals who do things their way and then collude with them about the rightness of the way they do things - a very circular way to complement yourself! Because of the level of detail required, due diligence takes on gargantuan proportions. Many deals are missed. Costs rise as professional are paid for their expertise.
In their frustration, they may find a guru, suspend disbelief and follow their advice. Often this is more in line with their perception of the gurus qualities than the particulars of the property acquisition. Did they ever really go to find property or were they looking for the right way and property was just a thing to do to find it?
These two examples sound extreme and yet are very common. Money is one of our great human experiences. It draws out of us unknown or unrealized assumptions about who we think we are in relation to money. Some of this is great and some of it is self limiting. To be in the business of wealth creation, wealth management, asset retention and cash flow management we need to be willing to make our property business the priority and give up a few of our emotionally patterned preconceived ideas. This is not a job for the faint hearted.
Rosemary Johnston of LeadershipFirst a First One Pty Ltd Business.Rosemary provides coaching and facilitation services plus leadership development workshops to the Executives of some of Australia's Leading companies. Her web site is http://www.leadershipfirst.com.au. Rosemary is also an executive member of the Property Investors Association of Australia http://www.piaa.asn.au/ for more information on property.
Real Estate Strong as New Property on Sullivan Square Hits the Market Charlestown Patriot Bridge
Here’s What the Trouble in Commercial Real Estate Means for You New York Magazine
NC State Names New AVC for Real Estate and Development NC State News
Berton E. Korman, a real estate developer and philanthropist, dies at 87 - The Philadelphia Inquirer
Berton E. Korman, a real estate developer and philanthropist, dies at 87 The Philadelphia Inquirer
How’s the real estate market? Bizarre rental rules Ukiah Daily Journal
BREVARD REAL ESTATE MARKET WATCH: Best Time to Sell? When Competition is at an All-Time Low - SpaceCoastDaily.com
BREVARD REAL ESTATE MARKET WATCH: Best Time to Sell? When Competition is at an All-Time Low SpaceCoastDaily.com
Expert: How to get more black representation in real estate Orlando Business Journal
Lebanon County real estate transfers for week of July 6 Lebanon Daily News
UK Real Estate Company Hondo Enterprises in Partnership With Savills to Use BioProtectUs™ System in United Kingdom - Yahoo Finance
UK Real Estate Company Hondo Enterprises in Partnership With Savills to Use BioProtectUs™ System in United Kingdom Yahoo Finance
Zara Founder Unveils $17.2 Billion Global Real Estate Empire Crain's Chicago Business
Recent Commercial Real Estate Transactions The New York Times
Real Estate Transactions: Week of June 29 – July 3 Martha's Vineyard Times
Flagler real estate - Business The Ledger
Commercial Real Estate Act Passes in Florida The National Law Review
Chicago brokerage launches program to get more people of color in real estate - Crain's Chicago Business
Chicago brokerage launches program to get more people of color in real estate Crain's Chicago Business
Ranking Arizona: Top 10 real estate agents for 2020 AZ Big Media
Top 10 Office Projects Under Construction in Boston Boston Real Estate Times
Big sales highlight start of thaw in Austin real estate market Austin Business Journal
Doubts Loom Over U.K. Real-Estate Prices Mansion Global
See how Miami's residential real estate value compares to other US cities - South Florida Business Journal
See how Miami's residential real estate value compares to other US cities South Florida Business Journal
Using Forbearance Agreements To Protect Commercial Real Estate Lender Interests During COVID-19 - JD Supra
Using Forbearance Agreements To Protect Commercial Real Estate Lender Interests During COVID-19 JD Supra
San Antonio real estate agent uses Tik Tok, Instagram to show off city’s homes while maintaining social distance - KSAT San Antonio
San Antonio real estate agent uses Tik Tok, Instagram to show off city’s homes while maintaining social distance KSAT San Antonio
Paula McDaniel Earns Internationally Recognized Designation For Performance In Luxury Real Estate - The Chattanoogan
Paula McDaniel Earns Internationally Recognized Designation For Performance In Luxury Real Estate The Chattanoogan
Contingencies in a Real Estate Purchase Agreement | Take Me Home | Bend The Source Weekly
People and Property: Real Estate and Construction News From Around NH - New Hampshire Business Review
People and Property: Real Estate and Construction News From Around NH New Hampshire Business Review
Ramona Real Estate Association: Props 60/90 and 110 Ramona Sentinel
Real estate rebounds | WWL WWL News, Talk, Sports Radio Station
COVID-19 Impact and Recovery Analysis | Real Estate Professional Services Procurement Intelligence Report Forecasts Spend Growth of over USD 993 Billion | SpendEdge - Business Wire
COVID-19 Impact and Recovery Analysis | Real Estate Professional Services Procurement Intelligence Report Forecasts Spend Growth of over USD 993 Billion | SpendEdge Business Wire
New Options for Creditors: Florida Adopts the Uniform Commercial Real Estate Receivership Act - JD Supra
New Options for Creditors: Florida Adopts the Uniform Commercial Real Estate Receivership Act JD Supra
Kendra Wilkinson gets real estate job with ‘RHOBH’ star Kyle Richard’s husband Mauricio Umansky: ‘My new boss’ - Fox News
Kendra Wilkinson gets real estate job with ‘RHOBH’ star Kyle Richard’s husband Mauricio Umansky: ‘My new boss’ Fox News
Overcoming Net Lease Real Estate Investing Bias Seeking Alpha
TSG Real Estate: About Us WCBD News 2
Lakefront mansion sale spurs hopes for real estate during pandemic Lake Geneva Regional News
Real Estate Market Trends Flathead Beacon
These real estate companies got fat PPP loans The Real Deal
No doorman, no problem: Covid-19 changes real estate rules Crain's New York Business
Real Estate Insider: Former Packard Plant property hits market for nearly $7 million - Crain's Detroit Business
Real Estate Insider: Former Packard Plant property hits market for nearly $7 million Crain's Detroit Business
Real estate sales remain sluggish on New Hampshire's Seacoast New Hampshire Business Review
Real estate developer joins Bargersville Town Council Daily Journal
Denver Real Estate Slump May Be Over as Homes Under Contract Surge 5280 | The Denver Magazine
COVID-19 Impacts to Oʻahu's Commercial Real Estate Remain to Be Seen Hawaii Business Magazine
Mitsubishi Estate fund joins key US real estate index Nikkei Asian Review
Daytime launches Real Estate Today, a partnership with Evans & Evans Real Estate - WJHL-TV News Channel 11
Daytime launches Real Estate Today, a partnership with Evans & Evans Real Estate WJHL-TV News Channel 11
House Hunting in Canada: A Modern House in Vancouver for $4.3 Million The New York Times
Real estate approved for Landmark Snacks expansion Beatrice Daily Sun
Second lockdown to freeze Melbourne real estate Yahoo Finance Australia
Coronado Real Estate: June Market Report Coronado Times Newspaper
Sarasota Real Estate Company Adds Renowned Broker to Team as Chief Training Officer - WFMZ Allentown
Real estate company backs agent after online posts suggested she used racial slurs at Raleigh swimming pool - WRAL.com
Real estate company backs agent after online posts suggested she used racial slurs at Raleigh swimming pool WRAL.com
Boston councilors to look at trying to catch racist real-estate brokers and landlords in the act - Universal Hub
Boston councilors to look at trying to catch racist real-estate brokers and landlords in the act Universal Hub
REITs: A crystal ball for NYC’s commercial real estate The Real Deal
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties, July 5, 2020 - masslive.com
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties, July 5, 2020 masslive.com
Pandemic doesn't slow Clarksville real estate sales The Leaf-Chronicle
Real-estate investment firm transforms HQ into a smart campus SmartCitiesWorld
Real estate market thriving despite pandemic Coastal Illustrated
Real Estate Prices Fall Sharply in New York The New York Times
Fauquier County real estate transfers June 25-30 Fauquier Now
Real estate stocks benefit from second quarter rally The Real Deal
Large office deals again dominate Marin County commercial real estate North Bay Business Journal
Real estate market 'booming,' say agents Sonoma Index-Tribune
Real estate investors struggle to raise financing to buy offices Business Insider
The New State of Real Estate After COVID-19 TAPinto.net
Fake real estate and now a fake recovery The Gazette
Real estate firm puts executive on leave amid Huizar probe Los Angeles Times
Cutting Edge Real Estate: Is There Anything New? Part 1
The world of real estate has pretty much stayed the same for decades. It's no different today than it was 50 years ago.
Home Selection Checklist - A Good Aid When Choosing a Home
This home selection checklist is a tool to help you select a home that is right for you and your family. Before you select a home and get a mortgage, you need to know if you will be happy with the home you select for the coming years.
No More Estate Agent Fees
Follow a few simple guidelines, and marketing your own home can be easy. And it will save you thousands.
Investment Real Estate Done Right -- Your Quickest and Safest Path to Wealth
In investment real estate the quickest way to wealth is through owner financing, or lease optioning. So, let's take a look at one model transaction, involving the purchase and sale of two properties on lease-option contracts so you an apply it to your own investment real estate system.
Evil Gains Entry
When we open our doors to strangers, we can never be certain what malice an outsider might bring in. Police officers tell us to keep our doors locked with good reason.
Youre Not Paranoid: The House Really Hates You
If you've just bought a house, you may be able to relate to a fascinating essay in Maya Angelou's book, Even the Stars Look Lonesome.When Ms.
A Real Estate Primer
There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It's often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and how to get started.
Subdividing - But NOT Land!
Many people are familiar with the concept of sub-dividing a large piece of property into smaller lots. The same concept can be very profitable in other areas.
11 Steps Away From Buying a Home
There is no doubt that the market for houses has been on fire recently. More and more people are taking advantage of low interest rates and easy mortgage loan terms to go from being renters to being home owners.
Dont Forget to Ask About Restrictive Covenants
Homebuyers, especially first-timers, may not think of asking about restrictive covenants. But these clauses dictate what can and cannot be done to or on a property.
Understanding the Escrow (Closing) Process
1. What is an escrow?Escrow is defined as a process where parties deposit instructions and funds with a "disinterested" third party until conditions of the instructions are met.
Appraisal vs. Market Value: How to Avoid Pitfalls in the Sale of Your Home
When you sell your home, appraisers use comps (comparable market sales) of local properties sold within the last six months to value your home. With today's rapidly rising seller's market, six-month-old information is ancient history.
Selling Your Home - What Can Go Wrong With Title and Lenders
If you're selling your home, there are going to be difficulties at some point in the transaction. Some problems can't be fixed.
Commercial Real Estate Industry - Is the Condo Craze Over, or Just Gaining Steam
Over the last two years there has been so much condo activity that many commercial real estate lenders are starting to express concern over the future stability of condo markets. Some lenders have recently found themselves over allocated in condominiums as a result of the recent activity and have therefore become wary of all but the best opportunities.
Condo-Hotels - A New Second-Home Alternative to Time Shares
Condo-hotels have evolved as a better, more reliable second home alternative to time-shares. They are usually attractive, high-rise hotels on the ocean or in other prime locations, and range in price from the mid $200,000s to over 1 million, depending on the size, location, and amenities.
How to Choose Your Real Estate Lender
Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender's quick response signifies good service to follow.
Protective Covenants - Buying A Home
In addition to zoning, some properties have covenants recorded at the courthouse that "run with the land." These "protective covenants" can put a serious pinch in your plans for a piece of property.
Foreclosure under a mortgage requires a court ordered sale conducted by the sheriff or other court-appointed official. Foreclosure process is called judicial foreclosure.
Do You Want To Sell Your Rehabs Fast?
That's an obvious question - we all do! So what is the trick? So much time and money is spent on systems updates, roofs, and structural issues, that many times there's nothing left for what really makes the sale: what your potential buyers see. And more importantly, what they fall in love with.
Part 1: FAQ's From Media Interviews With Real Estate Author
Do you feel there is going to be a real estate bubble?Nash: No. Are some coastal and resort markets over-heated, yes.
|home | site map|
|© 2006 TIGER MEDIA|