Are you looking for legitimate online home based businesses? Would you like to know how it feels to be your own boss? Would you like to make your own business decisions, and work strictly for yourself, instead of a thankless boss? There are many legitimate online home based businesses to choose from. The tough decision is choosing the one that is right for you.Start by researching home based businesses, and ask these questions:Is this opportunity providing a service that is both popular and in demand? The idea of a home business sounds great, but if you are not offering a great product or service, then finding buyers will become not only a headache but impossible. Keep in mind also, you will not have long-term success if the service or product only benefits a small demographic.How much will it cost you to start your business? Do you already have the capital, or are you going to have to create debt? How long will it take until your business will turn a profit? What will be the cost of maintaining the every day operations of your business? Are you going to incorporate advertising in your business, and if so, how much will that cost? These are very important factors that you need to know, before you decide which home based business is best suited for you.Is this a business that you are already knowledgeable about? If not, is there mentoring or training available to help you through the learning curve? Every entrepreneur has had at least one mentor in their lifetime, if not more. Help and support is not only important in a successful business, but vital. A mentor can provide training, support, and advice. If you are brand new to operating a business, a mentor can provide you with all the necessary tools in getting started, growing your business, and making it successful.Are you going to enjoy yourself in your business? In the business world, as well as in life, having passion in what you do is very important when it comes to succeeding. If you are not even the slightest bit passionate in what you’re doing, you are going to burn out. If you don’t enjoy the business or have any interest in your product, succeeding will be very difficult. Remember, always be passionate about what you do. Passion and determination go hand in hand.
Real Estate Auctions – The New Land Rush
On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.
Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.
Real Estate Auctions Work in Up or Down Markets.
Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.
The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.
When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.
Evaluating Your Real Estate for Auction
Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.
Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.
Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.
Locate a Qualified Real Estate Auctioneer
Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.
Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.
You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.
Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.
Types of Real Estate Auctions
Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:
Absolute Auction
The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.
Minimum Bid Auction
Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.
Seller Confirmation or Reserve Auction
With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.
Home Based Business: A New Alternative For Job Seekers
Year after year there are many students who graduate and after that they will go looking for jobs. With the rise of the popularity of the internet a new kind of work came about. Today there are home based business ideas available and you just have to choose which one you are interested in or the once wherein you think you will be well compensated in. Not only new graduates are the ones looking for a good source of income, there are those who are still in school but needs money to support their education or material wants. Aside from students there are also people who already have a job but want to earn more.Advantage of having a Home BusinessThe emergence of the internet brought about so many things. Nowadays we can buy or shop online. Unlike before where in we line up just to purchase something now with just a few clicks we can buy whatever we want or need. The internet served as a medium for home based business ideas.At present we can pay our bills online as well. Today we can meet friends online and stay connected with our friends whether they are in the neighborhood or even if they are in a foreign country. Staying connected with friends has been made possible through chat and also through different social networking sites. By way of advance technology it has given rise to different innovations and discoveries we thought were not possible then. With the popularity of the internet and because it has been made accessible to people all over the globe, it also served as a gateway to the development of a new source of income. It paved the way to different home business ideas.Since the arrival of this home based businesses, moms can now earn money and still be able to take care of their kids at home. Now they can also help their husband generate income or they can keep the money for their personal use so that they will not need to ask money from their other half. Other people also subscribe to this kind of work even if they already have a steady job. They do this to produce extra income, for them to pay their credit card bills or maybe to save some cash for their future.Types of home based businessThis is good opportunity for people who enjoy using the internet and at the same time want to earn money. There are different kinds of home based business ideas available. For those people who are entrepreneurs by heart, you can post or publish your products and services through the net. For example you can sell your art collections, handmade jewelries or sell pastries online. If you like writing then you will probably be interested to be a freelance writer. You may write blogs or articles depending on the request of your client.Another business idea is transcription; if you type fast then this could be a good and suitable job for you. If you have a hobby or a skill, you can make use of this to make money online. So what are you waiting for, why not start with your home business idea today?