Property Investment – Help, My Property Won’t Sell

It is commonly said that you make money when you buy, not when you sell. However, often this lesson is not learned until you try to sell a property. I remember the first property I tried to sell. It was a two-bedroom unit in a small complex of eight. A lovely unit… only four years old in an upmarket growing suburb. I was moving to another state in Australia and wanted the property sold, to enable me to buy another home in Queensland.

The property took over 12 months to sell. Three contracts fell over due to finance issues for the purchaser. That was my first experience in selling a property. The emotional roller-coaster was challenging. Initial excitement when the offer was negotiated and accepted, followed by confidence when the contract was signed, followed by disappointment when finance was not approved for the purchaser. The final emotion was frustration when the contract fell over. This happened three times.

Prior to this experience I believed properties took on average three months to sell, depending on the current market conditions. A few years later, we decided to sell one of our properties. This time it took close to two years to sell.

The property was a 2000 square metre property in a beautiful coastal holiday town. The property had zoning that allowed for the development of eight two and three-bedroom townhouses. The property was ideally located on the main road, a couple of hundred metres from the shopping precinct and beach, had two street access and was very close to community amenities such as a child-care centre, school and bus stop.

One month after we purchased the property we were offered $70,000 more than what we had paid for it. We had no intentions of selling the property at the time. Later, on realisation that we did not have the experience, contacts or time to develop the property, we decided to sell it. The first two offers we received were from developers. The offered a 12-month settlement contract. They would pay an upfront amount, with the balance paid in 12 months. This contract suited them. They got to hold the property with little money down. Negotiations could not get the terms of the contract suitable to both parties, and both contracts stalled.

In hindsight we should have accepted the contracts. These were the first two offers we received. We expected more offers to come in that didn’t have a 12-month settlement term. The market turned, developers pulled out of the market, residential construction slowed down and our property took an additional 18 months to sell. Holding a property for an additional 12 months to two years is not good from a cash-flow perspective.

It is important to consider the type of investor you are, before you risk buying a property that is wrong for your investment strategy. Don’t assume you can just sell a property if you need to. When selling, the market is in control. The market determines when it wants to buy, what it wants to buy and for how much. This experience provided one of our biggest lessons in property investing… know what type of investor you are, and be that type of investor only.

Business – Announcing 4 Best Steps to Explode Your Business

Here’s how you can easily grow your business:

1. Invest on branding. Hire an expert who can design a logo that will represent your business and your products. Put this logo on your letterhead, business cards, brochures, and on your ads. This logo can help you easily promote easy recall overtime. The key here is making this logo very visible on places where your potential clients can see it.

2. Go online. You cannot really afford to ignore the power of the internet if you are an entrepreneur. If you are ready to tap the global market, start thinking about taking your business online. Start by creating a website and learning the ropes of internet marketing. As you will need to learn so many things to get started on the right foot, it would work to your advantage if you can hire an internet marketing coach who can give you every information and assistance you need to make it big in the online arena.

3. Marketing campaign. A powerful and highly effective marketing campaign is the key to boost your sales and revenue. Get to know the people that you are serving and know the best ways on how you can connect with them. Then, get to know how to push their emotional buttons. Knowing all these information can help you make your marketing efforts more focused and more effective.

4. Promote customer loyalty. Aside from attracting new customers, you must also invest time, effort, and even money to get your previous clients to keep on coming back. Aside from giving them 100% satisfaction each time they do business with you, it would also help if you can set up customer loyalty programs.

Whether You Have a Broker or Not, You Need to Educate Yourself on Investments

The first time you took a look at the stock market pages in the newspaper or on TV, you undoubtedly said something close to “Holy cow, I’ll never learn about this stuff.” You then went out and hired a broker so you wouldn’t have to delve into the impossible enigma of the stock market and trading. You needed someone with expert knowledge of investing and trading in the stock market.

That is all well and good. But let’s take another look at it. You are no expert on toxicology, but you know better than to drink from a bottle labeled “arsenic.” That stuff is lethal. You know that if someone suggests you take arsenic for your illness, they are not dealing with your best interest at heart. You will not take their advice because it could definitely be hazardous to your health.

Can you say that about the money you have floating around in the stock market right now? Do you have enough knowledge about stocks and trading to save your own life if things start going downhill? Or are you going to find yourself up a creek without a paddle if it turns out that your broker doesn’t know what they’re doing after all.

Gaining the Necessary Knowledge of the Stock Market can be Intimidating, but…

No one wants to think about their trusted broker making irreparable mistakes with their money, but no one wants to think about being left without a penny when it’s time to retire. It’s just one of those things. Which means you really need to know enough about the stock market to be able to realize when a mistake is being made, or when a new and interesting opportunity presents itself, whether you’re doing your own trading as a rule of thumb or trusting someone else to do it for you.

The most important thing for you to carry away from this is that not only is it important for you to learn the basics of stock market trading, you also need to have enough faith in yourself and your future to recognize that you actually can learn the basics of stock market trading. Really.

Where do you go to Learn, then?

You have probably heard or read stories about people being self-taught investment gurus. These smart, tenacious types supposedly read the financial section of the newspaper every morning to glean everything they can about how the stock market operates. These golden icons of Wall Street become billionaires before the month is over. I would suggest to you that this is undoubtedly an apocryphal tale and you should not be sucked in. You need a formal approach to learning the ropes. You need a program that’s designed and then customized to fit your needs – the kind of program aimed at the rawest beginner so you can learn the ins and outs of the stock market from the ground up. This same program should offer more advanced learning opportunities for you to take advantage of once the basics are clearly understood and practiced. Your program should also provide you a connection with real people who have learned as you have and have ample experience in the market using the very techniques that you are learning.

Lastly, the foremost thing when it comes to choosing any program, know with whom you are working. Know this before you search the net and enter into a business relationship with the first “expert” that comes your way. If you do all this, you will have empowered yourself to successfully handle your financial future.