The NICCACUM Of A Specific House

When a homeowner decides, for whatever personal reason, it’s time to sell his home, it is a somewhat, natural, normal behavior, for that individual, to often, over – consider, what he perceives the market value, to be! This is one of the principal reasons, it’s wise, to hire a real estate professional, to serve and represent you, throughout this period. Each house has specific strengths, and weaknesses, as does, every neighborhood, block, etc. Since I believe, it’s often easier to remember and apply certain principles, when we use the mnemonic approach, this article will briefly review and discuss, the NICCACUM of a specific house, and property.1. Niche: It’s wise to consider the specific niche, which might be most attracted to a specific house, and why! Does the house appeal to certain families, because of its size and location, both internal, and external? Wise agents will emphasize these strengths, as part of the marketing plan!


2. Impression: Since you only get one chance, to make a first impression, how will you focus on doing so? Will you accentuate the positives, while eliminating as many potential, negative factors, as possible?3. Competition: Homes are often priced, and sell for a price, based on competitive, market forces. When a house is priced, right, from the start, the ability to sell it, for the best possible price, in the shortest period of time, with a minimum of hassle, the transaction period, becomes less stressful, etc! The qualified, real estate professional, will develop, a quality, focused, realistic, relevant, Competitive Market Analysis, or CMA, to create the best listing price.4. Condition: Permit an objective, set of eyes, to evaluate the overall condition of your house, and whether, it needs tweaking, or will make the home, more or less, competitive, with others, of similar size, etc.5. Access: Since one never knows, when the ideal, qualified, potential buyer, will be ready, and want to view your home, it is essential to make it readily available, for viewings, throughout this sales period!6. Curb appeal: When one drives up to the house, will their first look, make them, more, or less, enthusiastic, and desirous of taking a further look? Your agent should advise you, of basic steps, to make this more positive!


7. Unique characteristics: What are the unique characteristics of the house, if any, which might, either attract, or deter, potential buyers, from taking the leap?8. Modern upgrades/ updates: Does your home, seem, well, taken care of, or neglected, dated, etc? The modern upgrades most sought after, are in the kitchens and bathrooms.Knowing and understanding, paying attention to, and focusing on the NICCACUM, often make a significant difference, in the marketing and selling of a particular house. Will you pay sufficient focus?

How to Buy and Sell Things For Profit – Seven Ways

There are basically seven ways to buy and sell things for profit.

If you make a living you already buy and sell things. You can buy and sell services which is called work, or you can buy and sell property. Most of us are better at buying than we are selling. By that I mean we manage to buy more in dollars than we make. It doesn’t have to be that way.

If we learn to buy well, then we can not only get more with the money we have, but we can make a very good living buying and selling. If we buy right, the property will almost sell itself. We intuitively know the seven ways to buy and sell things, but it helps to have a clear vision in your mind in order to develop the skill to buy better and sell better.

Many people made fortunes in the last decade buying and selling real estate. These seven ways to buy and sell property are very familiar to the real estate flippers, but the same basic ways can be used for buying and selling any type of property. eBay is bigger than Donald Trump.

1. Buy Low, Sell High

The first and simplest way to make money buying and selling is to find an item in demand, negotiate a low price, buy it, and then sell it for a higher price. In addition to good negotiation skills, you have to develop a good eye to make this work. You also have to be careful your expenses during the acquisition process don’t eat up any potential profit.

With this method, you want to buy only excellent quality items that are ready to sell as is. You’ll want to find a motivated seller-one who wants to get rid of the property more than he wants to make money. It is also necessary to acquire the property at a significantly low price to be able to add your expenses in and still sell below market. Selling below market is the best way to sell quickly. If you depend on your selling skills to make the deals, you don’t need to bother with the investment. You can just get a job as a salesman-work.

2. Buy it, Fix it, Sell it

The second way to make money buying and selling is to look for property that is broken, dirty, ugly, or in need of a missing part or repair. This is a great way to find a motivated seller and a good price. The owners of this kind of property would rather have a new one. If they were inclined to fix it, they’d have done so already. Know your market; know your costs. Allow a generous profit to cover your repairs, acquisition expenses, and potential selling expenses. Negotiate hard and don’t be afraid of deadlock. It’s your money, so be prepared to walk away from an offer if they won’t meet the price you need. Sometimes all you need to do to get a property in pristine condition is to clean it.

3. Buy it, Rent it

A third way to make money over a longer period of time it is to buy and rent it out. Just about anything can be rented to others-tools, cars, camping equipment, boats, motorhomes, and of course, residential homes. An alternate to this same method is to invest in special equipment, use it and then sell the service the equipment provides. All of these ways are good ways to make money, but though they are buy and sell strategies beginning to end, in the interim, they are ongoing businesses-more work.

4. Buy for cash, sell on time

A fourth method is not so effective for inexpensive items, but boats, cars, trucks, and even big screen televisions can be bought at bargains with cash and then resold on terms with interest. People are often willing to pay very high prices if they can get it now and pay later.

Some people make unbelievable profits buying mobile homes for a few thousand and financing over time for tens of thousands. Often before the buyers have finished paying the notes, their financial status has improved enough that they can buy higher end property with conventional finance. When this happens, it is common to get the item back after it has nearly been paid for. Some mobile home resellers have sold and resold certain properties four or five times. Each time they nearly double their investment with the original down payment then collect the payments over time plus interest.

5. Buy and sell wholesale

If you have the ability to purchase in quantity and move quickly, you can locate sources that will bring you deals in bulk at prices so low you can sell wholesale and still make money. You can even buy homes in quantity and sell them to others for resale. Once you spread your name around, this can be very lucrative and happen very quickly.

6. Buy on speculation and sell on demand

When the market is hot, it is possible to buy when the item is first introduced at a lower price than what will be charged later. If you can spot these trends, you can make good money buying when first offered and selling after the item is sold out. In certain real estate markets you can order a new home before it is built and count on the price to go up after the neighborhood fills in. This is dangerous, but some people have made really good money doing just this.

7. Buy for others, sell back with fee added

Sometimes people do not want to do their own bargaining. Celebrities or people known to be very wealthy often allow scouts to buy for them. Sometimes the price goes up when the buyer is well known or very wealthy. The difference in price can be so great that it becomes profitable for a middle person to buy and resell to his principal for a fee.

There are millions of ways to buy and sell, but these are the basic seven ways to buy and sell. Everything else is some variation or combination of these seven. Buying and selling can be done in rising and falling markets. When the market is deteriorating the buyer has to buy drastically below market and move very rapidly to turn his investments. There is always a risk of losing money in any market. A person engaged in these tactics must be good negotiators on both the buy and the sell, and they must be flexible enough to take the losses quickly when they are inevitable to prevent even larger losses later.