Real Estate Property Blogs

Real Estate Property Blogs

Dubai leads region in hotel room construction

Dubai leads region in hotel room construction

Dubai has the largest number of rooms under construction in the Middle East and Africa region, even as room rates come under pressure.

The emirate reported the largest number of rooms under construction with 14,385 rooms across 49 hotels at the end of last month, according to the consultancy STR Global. That represents 18 per cent of the total number of rooms under various stages of construction in the region.

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Buy in Dubai? Property prices to soften but don’t wait too long

Buy in Dubai? Property prices to soften but don’t wait too long

I have been living and renting in Dubai for almost five years and am thinking about buying my own apartment this year. My preference and budget is for an area such as IMPZ, Remraam, JLT and so on. Given the oil price crash and the stabilisation of Dubai’s real estate market in the fourth quarter of last year, do you think buying one would be a good decision at the moment? Should I wait until the second half of the year, especially as I don’t mind renewing my tenancy contract, which is due on March 31? WS, Dubai

Buying property for investment purposes is a gamble as the timing has to be perfect. No one wants to buy at the top of a market, for example. If, however, you are buying the apartment to live in then going ahead on this decision is determined by your affordability on current prices etc. If you are able to wait a while then this is also OK as I believe the market will potentially soften further. But don’t leave it too long, as I believe the market will return to positive territory probably after the end of the second quarter.

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Seven Tides Palm Jumeirah projects to be handed over in first quarter of next year

Seven Tides Palm Jumeirah projects to be handed over in first quarter of next year

Palm Jumeirah is set for some more residential and hotel units even as home prices are expected to fall in Dubai.

The Dubai-based developer Seven Tides yesterday said that Dukes Oceana, a mixed-use five-star complex on the trunk of the man-made island, will be handed over in the first quarter of next year.

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A Marketing Plan - The Thing That Makes Deals Happen!

A Marketing Plan - The Thing That Makes Deals Happen!

ou’re a Real Estate Entrepreneur or Investor, and you’re out there in the market place looking for deals. I have a question for you.

Are you doing a bit of advertising and just hoping that a deal will fall in your lap, or are you operating in a way that makes certain it will happen. If you don’t have a process for making sure deals happen, you don’t yet understand the importance of having a marketing plan.

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Deal-Finding Strategies: The Good, The Bad, and The Ugly

Deal-Finding Strategies: The Good, The Bad, and The Ugly

In almost every seminar I've ever attended, a lot of time has been devoted to teaching attendees how to find good deals. Because deal-finding IS so crucial to one’s investing success, I recently decided to look back and see which methods have generated the most deals and the best deals for me. In reviewing the 150 properties I've bought or flipped over the last 5 years, I was surprised to find that many of the "traditional" sources of great deals haven't worked for me, while some less obvious methods have been great lead generators. I’d like to share with you the results of my little inventory.

Good: The Multiple Listing Service. The MLS is essentially a catalog of all the properties listed for sale by brokers. Needless to say, some of them are good deals for investors, and some aren’t. The trick is to ferret out which properties have motivated sellers without making offers on all of them. I've honed this skill through years of translating agent lingo like, "Handyman's special" (looks bad, smells bad, has at least one major system that doesn’t function), "needs TLC" (ugly, but not smelly, and everything works).

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Finding Good Deals in Real Estate

Finding Good Deals in Real Estate

A thriving real estate investor or retailer solves a lot of other people’s problems; that’s how you become successful. The more knowledge, ability, experience, contacts, and resources you have, the more solutions you can begin to offer people in solving their problems. In addition to this, you will be ahead of the pack if you can get people calling or coming to you with their specific problem first. That means you have to advertise the fact that you are in a position to help while being fair, trustworthy, and accurate in making quick decisions before the competition tries to persuade these people first.

For the above reason alone — competition — you will need to understand marketing. That means deciding on what you are going to specialize in, developing a method to define your target audience, and then attracting them with a well-written message using the different types of media to get the word out. That last paragraph brings up a good point: What exactly do you want to specialize in? Following are some categories from which to choose:

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Five Ways to Profit from Every Meeting with a Seller

Five Ways to Profit from Every Meeting with a Seller

You can make a profit from the deals you find, even when the deals aren't a fit for your real estate business. Here are five tips to make sure you get paid for your time.

1. Sign Up the Deal!

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Marketing - The Weekend Bandit

Marketing - The Weekend Bandit

As most of you already know, marketing is the key to succeeding in this business. We have to market to buy and sell homes. Those who are best at marketing to buy a house, have a lot less work to do when it comes to selling their homes because buying right is 90% of the battle. You don’t need to be flashy, you don’t need to be an expert, you just need to be out there. It is pretty much common knowledge among most successful investors that “bandit signs” really work. You know the little signs attached to telephone poles or stuck on the side of the road that say “We Buy Houses”. They are one of the most effective forms of marketing that you can do and one of the cheapest.

But many of us have an ethical dilemma when it comes to bandit signs. They are illegal to use in most areas of the country. I can relate the concerns of you all because I have the same ones. As a result, I haven’t been putting out bandit signs because I don’t want to break the law. Some investors have decided to chance it and are willing to pay the fines because the rewards are so great. But there is a way.

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Quick Tips For Serious Real Estate Investors

Quick Tips For Serious Real Estate Investors

You want to have a lot of leads and your marketing will bring them to you. Drive those leads into a local number even if you are not local to them. They are going feel secure. The prospect list that you are mailing to is going to feel more secure if they are calling a local number than if they are calling an 800 number. The perception of an 800 number is that it is a big company, but if it is a local number then it just must be the guy down the street that buys houses.

I also recommend using an answering service. If you have people go to voicemail you will lose 50% of your callers. Understand that motivated sellers are really hoping that nobody is there that way they can say well I called but nobody answered the phone. You have to have a live person answering the call. If you have a voicemail 50% of them will not leave a message. The other thing about an answering service is you are going to get seller phone calls at all times of the day and the night. And it’s not always going to be the most convenient time for you. You could be at a nice restaurant and all of a sudden you get this seller call and it is just not going to be appropriate. Or like me, I’m working on something and all of a sudden I get a seller call and it is hard to switch your mental thought process to get ready for this seller call. It is easier if somebody else answers it. One great answering service I recommend to my students is weanswer.com.

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Online and Offline Real Estate Marketing

Online and Offline Real Estate Marketing

You may have jumped into real estate investing with one eye on your dreams and the other on your potential to become fabulously wealthy in a very short time. While it's true that it's possible to become the richest person you know, the reality is that it will probably take time to happen. Another reality you may not have considered is that as a real estate investor, you also wear another hat: professional marketer. If you can't devise a winning online and offline marketing effort, your dreams will be largely unrealized and your destiny will be held hostage by unfulfilled potential.

Offline MarketingThere are a number of offline marketing strategies you can employ to encourage possible buyers and sellers of residential real estate to contact you. Some of the most common ones are:

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Finding Motivated Sellers: Luck or Hard Work?

Finding Motivated Sellers: Luck or Hard Work?

Did you just hear about the investor in your local RE club that closed on a deal netting them $15,000 and they didn't even have to lay a hand on the property? Or what about the person that just bought that rental house on the same block for 30-50% less that what you paid for yours? Are you at the point of scratching your head and thinking they're just lucky? Or probably that's all they do and just don't have a life outside of real estate....right?

Somewhere in between total luck and absolute sell-out hours chasing deals is where you should be in finding truly motivated sellers, or rather having them finding you. It's a weird coincidence that the smarter I work, the luckier I get finding great deals. Did you catch that? It's not always about how many hours you put into real estate and how hard you work at your marketing program that produces the best results which is finding great deals that puts money in your pocket and that's what real estate investing is all about.

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Direct Mailing Principles For Real Estate

Direct Mailing Principles For Real Estate

Scenario: You get that first magical list that you anticipate as being the answer to finding truly motivated sellers. It doesn't even dawn on you the hours you spend typing up the letters because you're so focused on all the great deals to be made. It seems like the letters are just burning a hole in your hand by the time you get the stamps on them and to the post office. Next week rolls around and your hopes were just about dashed by the time got that first call from a seller who received one of your letters. Now we're talking! It becomes obvious shortly into the conversation they're just "fishing" around and trying to find just how much you would pay for their property and no they are not in any hurry to sell. What happened? Why didn't you get more calls from truly motivated sellers? Everything you heard about direct mail in real estate was that this is the way to go in having a system set up for motivated sellers to find you.

The "Real World"

After you've read the above scenario know just two things right now: Many new investors using direct mail without guidance sometimes experience these types of results and get discouraged from using direct mail again. These individuals will tell you, "oh, I tried mailing out letters and postcards once but I didn't get many (or any) deals".

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Furniture Buying Tips

Furniture Buying Tips

When you buy furniture, ultimately it will be the quality that will determine how long the piece will last and how much it will retain its original appearance. Furthermore, the quality will determine how the comfort and satisfaction the piece gives to those that use it each day. Picture this scenario, you find a lovely piece of furniture on the internet that your wife just adores, it has pretty little flowers on it and the color fits perfectly with your room, do you go ahead and buy it because it looks pretty and the color fits? A word of caution – don’t do it!

There are certain steps that need to be covered before buying furniture to determine its quality. Always check on the frame first, is it kiln-dried? How are the joints constructed, are they glued or screwed and corner-blocked? Is it constructed with plywood to add strength? Next you should be thinking about the seating support, does it use an 8-way hand tied spring system to ensure durability and life? If not, find out the alternatives. Finally, always keep in mind the filling of the piece you are buying.

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Internet Marketing Methods

Internet Marketing Methods

Internet is booming day by day and the volume of online market is also growing rapidly. The smart phones and portable devices have helped quick inundation of shopping through internet.

There are many methods of internet marketing. Following are some popular methods of online advertising:

Email marketing: This early form of e-marketing is still popular and effective.Pay-per-click: It’s a very effective method but sometimes so costly. You pay only when a visitor click on your ad to reach your website. So getting visitors is guaranteed as per your expenditure. Click fraud is a big problem in this model.Affiliate marketing: Hire some affiliates directly or through a affiliate website. So you pay your affiliates only when they can brings you a sale or a qualified lead.Search Engine Optimization (SEO): Get first page ranking for some of your target keywords and get visitors for free. If ranking can be achieved then this produces the best results although achieving 1st page ranking is uncertain and ranking can be lost anytime.Social Media Marketing (SMM): Be engaged on popular social networking sites and make your audience involved discussing about your brand. Facebook fan page is the best example of SMM.Classified advertising: Post ads regularly on online classified websites on your target locations. These classified sites are normally free. This is a good option for any start-up with a small budget.Content advertising: Distributing good quality contents through different channels on regular basis is known as content advertising. Press release distribution, article submission, blog posting, forum posting etc consist content marketing.Pay per View: In this case you pay for each display of your banner or text on your target websites.
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