Almost everyone have heard the hit single 'Don't Worry, Be Happy' by Bobby McFerrin. The song has a very catchy way of conveying its message of being happy to everyone. Bobby Mcferiin's simple message surely made a lot of people by telling them not to worry.
Living a happy, resilient and optimistic life is wonderful, and is also good for your health. Being happy actually protects you from the stresses of life. Stress is linked to top causes of death such as heart disease, cancer and stroke.
One of the better things ever said is - 'The only thing in life that will always remain the same is change', and in our life we have the power to make the necessary changes if we want to. Even if we find ourselves in an unbearable situation we can always find solace in the knowledge that it too would change.
Social networks or relationships are essential to happiness. People are different, accept people for who or what they are, avoid clashes, constant arguments, and let go of all kinds of resentments. If arguments seem unavoidable still try and make an effort to understand the situation and you might just get along with well with
Happiness is actually found in everyone, increasing it is a way to make a life more wonderful and also more healthy.
To be happy is relatively easy, just decide to be a happy person. Abraham Lincoln observed that most people for most of the time can choose how happy or stressed, how relaxed or troubled, how bright or dull their outlook to be. The choice is simple really, choose to be happy.
There are several ways by which you can do this.
Being grateful is a great attitude. We have so much to be thankful for. Thank the taxi driver for bringing you home safely, thank the cook for a wonderful dinner and thank the guy who cleans your windows. Also thank the mailman for bringing you your mails, thank the policeman for making your place safe and thank God for being alive.
News is stressful. Get less of it. Some people just can't start their day without their daily dose of news. Try and think about it, 99% of the news we hear or read is bad news. Starting the day with bad news does not seem to be a sensible thing to do.
A religious connection is also recommended. Being part of a religious group with its singing, sacraments, chanting, prayers and meditations foster inner peace.
Manage your time. Time is invaluable and too important to waste. Time management can be viewed as a list of rules that involves scheduling, setting goals, planning, creating lists of things to do and prioritizing. These are the core basics of time management that should be understood to develop an efficient personal time management skill. These basic skills can be fine tuned further to include the finer points of each skill that can give you that extra reserve to make the results you desire.
Laugh and laugh heartily everyday. Heard a good joke? Tell your friends or family about it. As they also say -'Laughter is the best medicine'.
Express your feelings, affections, friendship and passion to people around you. They will most likely reciprocate your actions. Try not to keep pent up anger of frustrations, this is bad for your health. Instead find ways of expressing them in a way that will not cause more injury or hurt to anyone.
Working hard brings tremendous personal satisfaction. It gives a feeling of being competent in finishing our tasks. Accomplishments are necessary for all of us, they give us a sense of value. Work on things that you feel worthy of your time.
Learning is a joyful exercise. Try and learn something new everyday. Learning also makes us expand and broaden our horizons. And could also give us more opportunities in the future.
Run, jog, walk and do other things that your body was made for. Feel alive.
Avoid exposure to negative elements like loud noises, toxins and hazardous places.
These are the few simple things you can do everyday to be happy. And to learn even more about all-inclusive happines, please take time to visit http://www.happiness.thegreat.info .
And always remember the quote from Abraham Lincoln, he says that, "Most people are about as happy as they make up their minds to be."
Wednesday, June 18, 2014
Happiness Versus Pleasure
We are a pleasure seeking society. Most of us spend our energy seeking pleasure and avoiding pain. We hope that by doing this, we will feel happy. Yet deep, abiding happiness and joy elude so many people.
There is a huge difference between happiness and pleasure. Pleasure is a momentary feeling that comes from something external – a good meal, our stock going up, making love, and so on. Pleasure has to do with the positive experiences of our senses, and with good things happening. Pleasurable experiences can give us momentary feelings of happiness, but this happiness does not last long because it is dependent upon external events and experiences. We have to keep on having the good experiences – more food, more drugs or alcohol, more money, more sex, more things – in order to feel pleasure. As a result, many people become addicted to these external experiences, needing more and more to feel a short-lived feeling of happiness.
Thomas sought my counseling services because he “had everything” – his own successful business, a lovely wife and children, a beautiful home, and time to enjoy life. Yet he was not happy. While he had momentary feelings of happiness while watching a ball game or socializing with his friends, he also felt anxious and depressed much of the time. In fact, the anxiety had become so bad that he was having almost constant stomach pain, which his doctor told him was from stress.
As we worked together, it became apparent that Thomas’s main desire in life was to have control over people and events. He wanted others to do things his way and to believe the way he believed. He was frequently judgmental with his employees, wife, children and friends, believing that he was right and they were wrong and it was his job to straighten them out with his judgment and criticism. His energy would become hard and tough and he would be like a steamroller in his efforts to get his point across and get others to do things his way. When it worked and others gave in, Thomas felt a momentary pang of pleasure. But the pain in his stomach kept getting worse and worse, which is why he decided to consult with me.
Thomas also wanted control over his own feelings, and would often judge himself as harshly as he judged others in an effort to get himself to perform well and feel okay. He especially judged himself harshly when he felt rejected by others, frequently telling himself that he was an inadequate jerk.
As we worked together, Thomas began to see that happiness is the result of choosing to be a kind, caring, compassionate and gentle person with himself and others – quite the opposite of the judgmental, controlling person he had chosen to be. Thomas learned that happiness is the natural result of being present in each moment with love and kindness toward himself and others, rather than with being attached to the outcome of things and trying to control the outcome regarding events and others’ behavior. He discovered that he felt deep joy whenever he let go of control and chose caring instead. The anxiety in his stomach went away whenever his intention was to be a kind and caring person rather than a controlling one.
It is not easy to shift out of the deep devotion to control and become devoted to love and compassion toward oneself and others. Our ego wounded self has been practicing control since we were very little. Yet the moment our intent is to control, our heart closes and we feel alone and anxious inside. Our intent to seek safety and pleasure through controlling others, outcomes, and our own feelings leads to an inner feeling of abandonment and emptiness. We abandon ourselves when we are trying to control our feelings rather than be kind and compassionate with ourselves. Our anxiety and feelings of emptiness lead to more seeking outside ourselves to fill up with pleasurable experiences. The momentary pleasure leads to addictive behavior.
When the intent shifts out of controlling and not being controlled to becoming loving to ourselves and others, the heart opens and joy is the result. Deep and abiding happiness and joy are the natural result of operating out of the spiritual values of caring, compassion and kindness.
There is a huge difference between happiness and pleasure. Pleasure is a momentary feeling that comes from something external – a good meal, our stock going up, making love, and so on. Pleasure has to do with the positive experiences of our senses, and with good things happening. Pleasurable experiences can give us momentary feelings of happiness, but this happiness does not last long because it is dependent upon external events and experiences. We have to keep on having the good experiences – more food, more drugs or alcohol, more money, more sex, more things – in order to feel pleasure. As a result, many people become addicted to these external experiences, needing more and more to feel a short-lived feeling of happiness.
Thomas sought my counseling services because he “had everything” – his own successful business, a lovely wife and children, a beautiful home, and time to enjoy life. Yet he was not happy. While he had momentary feelings of happiness while watching a ball game or socializing with his friends, he also felt anxious and depressed much of the time. In fact, the anxiety had become so bad that he was having almost constant stomach pain, which his doctor told him was from stress.
As we worked together, it became apparent that Thomas’s main desire in life was to have control over people and events. He wanted others to do things his way and to believe the way he believed. He was frequently judgmental with his employees, wife, children and friends, believing that he was right and they were wrong and it was his job to straighten them out with his judgment and criticism. His energy would become hard and tough and he would be like a steamroller in his efforts to get his point across and get others to do things his way. When it worked and others gave in, Thomas felt a momentary pang of pleasure. But the pain in his stomach kept getting worse and worse, which is why he decided to consult with me.
Thomas also wanted control over his own feelings, and would often judge himself as harshly as he judged others in an effort to get himself to perform well and feel okay. He especially judged himself harshly when he felt rejected by others, frequently telling himself that he was an inadequate jerk.
As we worked together, Thomas began to see that happiness is the result of choosing to be a kind, caring, compassionate and gentle person with himself and others – quite the opposite of the judgmental, controlling person he had chosen to be. Thomas learned that happiness is the natural result of being present in each moment with love and kindness toward himself and others, rather than with being attached to the outcome of things and trying to control the outcome regarding events and others’ behavior. He discovered that he felt deep joy whenever he let go of control and chose caring instead. The anxiety in his stomach went away whenever his intention was to be a kind and caring person rather than a controlling one.
It is not easy to shift out of the deep devotion to control and become devoted to love and compassion toward oneself and others. Our ego wounded self has been practicing control since we were very little. Yet the moment our intent is to control, our heart closes and we feel alone and anxious inside. Our intent to seek safety and pleasure through controlling others, outcomes, and our own feelings leads to an inner feeling of abandonment and emptiness. We abandon ourselves when we are trying to control our feelings rather than be kind and compassionate with ourselves. Our anxiety and feelings of emptiness lead to more seeking outside ourselves to fill up with pleasurable experiences. The momentary pleasure leads to addictive behavior.
When the intent shifts out of controlling and not being controlled to becoming loving to ourselves and others, the heart opens and joy is the result. Deep and abiding happiness and joy are the natural result of operating out of the spiritual values of caring, compassion and kindness.
Happiness Takes Work: 5 Choices to Create Happiness
All of us have met people who just seem to be happy most of the time. Perhaps you have assumed that these people are just naturally happy, or that they are the lucky people who have an easy life, or they had really loving parents. Most of the time, nothing could be farther from the truth.
Happy people are making specific choices regarding their thinking and behavior. Happy people consciously choose to think and behave in ways that result in happiness. Unhappy people are unconsciously thinking and behaving in ways that create unhappiness.
Following are five of the specific choices that happy people make:
OPTIMISM
Happy people see the glass as half full, while unhappy people choose to be pessimistic – to see the glass as half empty. Optimistic thinking does not just happen - it is a choice regarding how you see life. Optimistic people are optimistic because they CHOOSE to be optimistic. Instead of allowing their ego wounded self to be in charge with all its doom and gloom, happy people put their loving adult self in charge and open to the wonderful possibilities that life has to offer. Happy people realize that their thinking is the beginning of a creative process that leads to manifestation. By thinking in positive ways, they move themselves to act in ways that manifest their dreams.
KINDNESS
Happy people choose to be kind and compassionate toward themselves and others. Happy people have learned that how they treat themselves and others determines much of how they feel. Happy people do not wait to be happy before being kind to themselves and others. They realize that their happiness is the RESULT of their caring behavior, not the CAUSE of it. They are kind, caring and compassionate whether or not they feel like it. They have chosen this way of being, and their happiness is the result.
FORGIVENESS
Happy people do not harbor resentment toward others, even others who have been mean and hurtful toward them. They realize that resentment makes them unhappy, so they choose to allow people their humanness and forgive them their hurtful behavior. Because happy people tend not to take personally others’ uncaring behavior, they don’t get their feelings hurt in the same way that people do who take others’ behavior personally. Happy people recognize that another’s behavior is really about that other person, so they move into compassion toward themselves and others rather than into judgment.
ACCEPTANCE
Happy people realize what they can control and what they can’t. They live by the Serenity Prayer, accepting the things they cannot change and changing the things they can. Unhappy people are constantly trying to change people and circumstances and do not accept their lack of control. As a result, they are constantly frustrated. Happy people realize they cannot control others and outcomes, so they focus on what they can control – their own thinking and behavior. Acceptance of what they can and cannot control leads to happiness and inner peace.
GRATITUDE
Finally, happy people are consistently grateful for what they have, rather than complaining about what they don’t have. They notice the many gifts and blessings that come their way and they frequently express gratitude for the everyday things in their lives – the beauty of nature, the food they eat, the smile on a friend’s face, their ability to see, hear, walk, talk. Even many disabled people who may not have the blessings of eyesight, hearing, speech or legs are often happy people because they focus on what they do have and what they can do, rather than focusing on what they are missing out on.
If you want to be happy, then you need to recognize that happiness is the result of your thinking and behavior, not the cause of it. If you choose to focus on becoming conscious of what thoughts and behavior make you feel happy, you can become a happy person – regardless of your present circumstances. Happiness does not just happen – it takes work!
Happy people are making specific choices regarding their thinking and behavior. Happy people consciously choose to think and behave in ways that result in happiness. Unhappy people are unconsciously thinking and behaving in ways that create unhappiness.
Following are five of the specific choices that happy people make:
OPTIMISM
Happy people see the glass as half full, while unhappy people choose to be pessimistic – to see the glass as half empty. Optimistic thinking does not just happen - it is a choice regarding how you see life. Optimistic people are optimistic because they CHOOSE to be optimistic. Instead of allowing their ego wounded self to be in charge with all its doom and gloom, happy people put their loving adult self in charge and open to the wonderful possibilities that life has to offer. Happy people realize that their thinking is the beginning of a creative process that leads to manifestation. By thinking in positive ways, they move themselves to act in ways that manifest their dreams.
KINDNESS
Happy people choose to be kind and compassionate toward themselves and others. Happy people have learned that how they treat themselves and others determines much of how they feel. Happy people do not wait to be happy before being kind to themselves and others. They realize that their happiness is the RESULT of their caring behavior, not the CAUSE of it. They are kind, caring and compassionate whether or not they feel like it. They have chosen this way of being, and their happiness is the result.
FORGIVENESS
Happy people do not harbor resentment toward others, even others who have been mean and hurtful toward them. They realize that resentment makes them unhappy, so they choose to allow people their humanness and forgive them their hurtful behavior. Because happy people tend not to take personally others’ uncaring behavior, they don’t get their feelings hurt in the same way that people do who take others’ behavior personally. Happy people recognize that another’s behavior is really about that other person, so they move into compassion toward themselves and others rather than into judgment.
ACCEPTANCE
Happy people realize what they can control and what they can’t. They live by the Serenity Prayer, accepting the things they cannot change and changing the things they can. Unhappy people are constantly trying to change people and circumstances and do not accept their lack of control. As a result, they are constantly frustrated. Happy people realize they cannot control others and outcomes, so they focus on what they can control – their own thinking and behavior. Acceptance of what they can and cannot control leads to happiness and inner peace.
GRATITUDE
Finally, happy people are consistently grateful for what they have, rather than complaining about what they don’t have. They notice the many gifts and blessings that come their way and they frequently express gratitude for the everyday things in their lives – the beauty of nature, the food they eat, the smile on a friend’s face, their ability to see, hear, walk, talk. Even many disabled people who may not have the blessings of eyesight, hearing, speech or legs are often happy people because they focus on what they do have and what they can do, rather than focusing on what they are missing out on.
If you want to be happy, then you need to recognize that happiness is the result of your thinking and behavior, not the cause of it. If you choose to focus on becoming conscious of what thoughts and behavior make you feel happy, you can become a happy person – regardless of your present circumstances. Happiness does not just happen – it takes work!
Bike Buying Tips
The Right Bike for You
Want to buy a bike but don’t know where to begin? Maybe a friend of yours recommends getting a certain bike, while another biking buddy insists that his bike is the best choice for you. Who do you listen to? How about neither? What you need to do is sit down, relax and figure out what your priorities and preferences are to determine what bike is going to work best for you. Here are some points you will definitely want to consider before you pick out your new set of wheels.
What’s Your Riding Style?
Start by asking yourself why you want to ride to begin with. Is it for exercise? Do you want to fly through the air for the thrill or the sport of it? Where are you going to ride? Through city streets or back road trails? Once you define your style of riding, it will be easier for you to choose the kind of bike you need.
There Are a Variety of Bike Options Available
Although there is a multitude of bike styles, the following are some of the most popular:
Mountain Bikes: These are durable bikes you can take off the road. Mountain bikes have fat tires, comfortably wide handlebars, and low gears for easier navigation of hills.
Road Bikes: If you plan on doing long rides, pavement riding, this is the bike for you. Road bikes are built for speed, have thinner tires and handlebars, and are overall, much lighter in weight.
Hybrid Bikes: This type of bike combines the features of mountain bikes and road bikes. Hybrid bikes are perfect for those who want to experiment with all styles of riding.
Cruisers: These bikes are generally one speed and are constructed for literally just that—cruising.
Comfort Bikes: These are specialty mountain bikes or hybrids that offer more upright riding and softer seats. These bikes are essentially designed for riders who desire more comfort in their ride.
Size Matters
Some bike models offer up to eight different sizes. To determine the right size for you, measure your inseam—this will determine the right size frame, in terms of stand-over-height. Like a pair of jeans, the right fit is important.
Ask Questions
Don’t be afraid to ask advice about what you don’t understand, such as quick release, bike maintenance, what kind of equipment you need, etc. Knowing what you need to know is the difference between easy riding and not so easy riding.
Buy a Bike You Like
Take even the smallest details into consideration when buying a bike: how it rides, size, how it looks, color--everything. After all, it’s your set of wheels--ride it proudly.
Want to buy a bike but don’t know where to begin? Maybe a friend of yours recommends getting a certain bike, while another biking buddy insists that his bike is the best choice for you. Who do you listen to? How about neither? What you need to do is sit down, relax and figure out what your priorities and preferences are to determine what bike is going to work best for you. Here are some points you will definitely want to consider before you pick out your new set of wheels.
What’s Your Riding Style?
Start by asking yourself why you want to ride to begin with. Is it for exercise? Do you want to fly through the air for the thrill or the sport of it? Where are you going to ride? Through city streets or back road trails? Once you define your style of riding, it will be easier for you to choose the kind of bike you need.
There Are a Variety of Bike Options Available
Although there is a multitude of bike styles, the following are some of the most popular:
Mountain Bikes: These are durable bikes you can take off the road. Mountain bikes have fat tires, comfortably wide handlebars, and low gears for easier navigation of hills.
Road Bikes: If you plan on doing long rides, pavement riding, this is the bike for you. Road bikes are built for speed, have thinner tires and handlebars, and are overall, much lighter in weight.
Hybrid Bikes: This type of bike combines the features of mountain bikes and road bikes. Hybrid bikes are perfect for those who want to experiment with all styles of riding.
Cruisers: These bikes are generally one speed and are constructed for literally just that—cruising.
Comfort Bikes: These are specialty mountain bikes or hybrids that offer more upright riding and softer seats. These bikes are essentially designed for riders who desire more comfort in their ride.
Size Matters
Some bike models offer up to eight different sizes. To determine the right size for you, measure your inseam—this will determine the right size frame, in terms of stand-over-height. Like a pair of jeans, the right fit is important.
Ask Questions
Don’t be afraid to ask advice about what you don’t understand, such as quick release, bike maintenance, what kind of equipment you need, etc. Knowing what you need to know is the difference between easy riding and not so easy riding.
Buy a Bike You Like
Take even the smallest details into consideration when buying a bike: how it rides, size, how it looks, color--everything. After all, it’s your set of wheels--ride it proudly.
Bicycle Rims And Wheels, Your Bike Cant Go Anywhere Without Them
The first bicycle wheels were from a horse drawn cart, made of wood with a metal band round the bicycle rim, very hard and very uncomfortable to ride. Then a man called Dunlop (Scottish) invented the pneumatic tire, this along with Macadam (another Scot) inventing the tar road surface made cycling a lot more comfortable.
The bicycle rim, like the bicycle frame hasn’t changed much in design, its still round and always will be. From the first wooden rims the next were made of steel, then alloy and now if you can afford it, carbon. Of all bicycle parts the bicycle rim can make a big difference to how your bike handles. First the weight of your rim affects your sprinting and climbing as the weight will low you down, for a long, flat effort the weight isn’t so important as when you get the wheels rolling the weight can help to keep them going. The shape of the rim can be important also, a flat rim is best for climbing as aerodynamics are not so important on a hill, a deep section, aero, rim will help you cut through the air, but in a cross wind could cause you handling problems.
Bicycle Rims Materials
The different materials used for rims are very important also, steel is heavy and if damaged can be difficult to pull back into shape, but because its so strong it is quite difficult to bend in the first place and steel is cheaper than all the other materials. Alloy is probably the most popular rim, it can be made in any shape and profile, flat or aero, but not too deep as it would then weigh too much, most deep section rims are of a alloy braking section nearest the tire which is then mounted to a carbon deep section for lightness and aerodynamics and a very beautiful looking bicycle rim. As with most things if money is no problem you can go for the best, this would be an all carbon rim, strong and very light, but there are a few problems with these rims, first they don’t brake so well in wet conditions and you must use special brake blocks for carbon and they can be expensive, also the rim has to be perfectly round and not have any bulges in the rim wall as this will make braking quite erratic, carbon is a difficult material to work with and must be well looked after.
Types Of Rim To Consider
There are also two types of rim to consider and this depends on which kind of tire you want to use, first there are tubular tires these are glued on to the bicycle rim, cost more and are difficult to repair after a puncture, but for racing they feel and ride wonderfully. Clincher tires have improved a lot recently and are nearly as good as tubulars for performance and are easily repairable and more reasonably priced. Most manufacturers make all styles in both systems.
So which should I buy? Not an easy answer, as there is so much to choose from, years ago you went to your local bike shop, picked out which hubs, spokes and rims you wanted and he would build your wheels, but now most rim makers also manufacture there own wheel sets, Mavic, Shimano and Campagnolo are probably the best known, check out there web-sites for all there new goodies, there are other brands and if you go to your local cycle shop or look in the bike magazines you’ll find them. There is a lot to choose form, but they are all round.
The bicycle rim, like the bicycle frame hasn’t changed much in design, its still round and always will be. From the first wooden rims the next were made of steel, then alloy and now if you can afford it, carbon. Of all bicycle parts the bicycle rim can make a big difference to how your bike handles. First the weight of your rim affects your sprinting and climbing as the weight will low you down, for a long, flat effort the weight isn’t so important as when you get the wheels rolling the weight can help to keep them going. The shape of the rim can be important also, a flat rim is best for climbing as aerodynamics are not so important on a hill, a deep section, aero, rim will help you cut through the air, but in a cross wind could cause you handling problems.
Bicycle Rims Materials
The different materials used for rims are very important also, steel is heavy and if damaged can be difficult to pull back into shape, but because its so strong it is quite difficult to bend in the first place and steel is cheaper than all the other materials. Alloy is probably the most popular rim, it can be made in any shape and profile, flat or aero, but not too deep as it would then weigh too much, most deep section rims are of a alloy braking section nearest the tire which is then mounted to a carbon deep section for lightness and aerodynamics and a very beautiful looking bicycle rim. As with most things if money is no problem you can go for the best, this would be an all carbon rim, strong and very light, but there are a few problems with these rims, first they don’t brake so well in wet conditions and you must use special brake blocks for carbon and they can be expensive, also the rim has to be perfectly round and not have any bulges in the rim wall as this will make braking quite erratic, carbon is a difficult material to work with and must be well looked after.
Types Of Rim To Consider
There are also two types of rim to consider and this depends on which kind of tire you want to use, first there are tubular tires these are glued on to the bicycle rim, cost more and are difficult to repair after a puncture, but for racing they feel and ride wonderfully. Clincher tires have improved a lot recently and are nearly as good as tubulars for performance and are easily repairable and more reasonably priced. Most manufacturers make all styles in both systems.
So which should I buy? Not an easy answer, as there is so much to choose from, years ago you went to your local bike shop, picked out which hubs, spokes and rims you wanted and he would build your wheels, but now most rim makers also manufacture there own wheel sets, Mavic, Shimano and Campagnolo are probably the best known, check out there web-sites for all there new goodies, there are other brands and if you go to your local cycle shop or look in the bike magazines you’ll find them. There is a lot to choose form, but they are all round.
Bicycle Clothing: What Cycling Gear to Wear and When
Avid cyclists know there is a wide-range of cycling gear available to choose from. Determining what you will need means asking yourself some key questions.
• What gear is required by law?
• What gear will provide the most comfort for the bicycling I plan to do?
• What equipment is best for the summer/winter conditions?
Cycling store employees should be able to help you answer these questions as you look to purchase new or updated cycling clothing.
What gear is required by Law?
Nearly every government has a regulation or law requiring helmets for cyclist. Some states require them for all riders while others set an age requirement. A good, well-fit helmet could save your life. Whether mountain biking or street cycling, a helmet is a must have for anyone riding a bike.
Though not specifically required by law, many state cycling groups recommend wearing reflective clothing when biking as well. This is another safety benefit, ensuring you are able to be seen by cars and pedestrians.
What gear will provide the most comfort for the bicycling I plan to do?
Having a variety of clothing for cycling is recommended as what you need is based on how long your ride and wear. Cycling shorts are great for longer rides. They help to keep you cool while you are exerting yourself on the roadway. Quality cycling shorts are made of special material made specifically for comfort and moisture control. They usually have a padded seat for extra protection and comfort for extensive riding. Choosing a sleeveless cycling jersey to help keep you cool on long-rides is also recommended.
Mountain bikers who ride through brush and trees should look for a long-sleeve cycling jersey to protect their arms from abrasions. Cycling shirts or jerseys worth their salt will be made of synthetic fabric that is comfortable, lightweight and moisture resistant. This will ensure that, whether long or short-sleeved, the jersey will help a rider maintain a good temperature.
What equipment is best for the summer/winter conditions?
Avid bicyclers hit the road during all kinds of weather, especially if the bike is their primary form of transportation. For cold days, a cycling jacket or a wool cycling jersey will keep you warm against the cooler air while still keeping you dry by sweeping the sweat away from your skin. Windproof jackets are also available for wind and rain protection. Coupled with cycling pants or knee warmers, which keep your knees and legs warm and flexible, these items will help you have a pleasant ride, even when the weather is less than ideal.
As the weather warms, your cycling apparel should mirror what you would wear on long rides. Good cycling or bib shorts and a sleeveless jersey will keep you comfortable and cool. You may want to carry a lightweight, compact cycling jacket with you in case your ride goes later in the evening than you anticipated or you start out your ride early in the morning. There are a number of jackets available that can be easily stowed when the temperature rises. Cycling jacket made of breathable material that incorporates ventilation, like mesh vents, in the fabric are ideal.
There are many choices in bicycle clothing and not all of them are necessary. Depending on what kind of bicycler you are, you may find that less is more. But, if you are seriously into cycling, then choosing a variety of bicycle clothing is in your advantage – you will feel much more apt to get out there on your bike if you have all of the proper equipment, including comfortable clothing that helps to keep your body temperate and dry.
~Ben Anton, 2007
• What gear is required by law?
• What gear will provide the most comfort for the bicycling I plan to do?
• What equipment is best for the summer/winter conditions?
Cycling store employees should be able to help you answer these questions as you look to purchase new or updated cycling clothing.
What gear is required by Law?
Nearly every government has a regulation or law requiring helmets for cyclist. Some states require them for all riders while others set an age requirement. A good, well-fit helmet could save your life. Whether mountain biking or street cycling, a helmet is a must have for anyone riding a bike.
Though not specifically required by law, many state cycling groups recommend wearing reflective clothing when biking as well. This is another safety benefit, ensuring you are able to be seen by cars and pedestrians.
What gear will provide the most comfort for the bicycling I plan to do?
Having a variety of clothing for cycling is recommended as what you need is based on how long your ride and wear. Cycling shorts are great for longer rides. They help to keep you cool while you are exerting yourself on the roadway. Quality cycling shorts are made of special material made specifically for comfort and moisture control. They usually have a padded seat for extra protection and comfort for extensive riding. Choosing a sleeveless cycling jersey to help keep you cool on long-rides is also recommended.
Mountain bikers who ride through brush and trees should look for a long-sleeve cycling jersey to protect their arms from abrasions. Cycling shirts or jerseys worth their salt will be made of synthetic fabric that is comfortable, lightweight and moisture resistant. This will ensure that, whether long or short-sleeved, the jersey will help a rider maintain a good temperature.
What equipment is best for the summer/winter conditions?
Avid bicyclers hit the road during all kinds of weather, especially if the bike is their primary form of transportation. For cold days, a cycling jacket or a wool cycling jersey will keep you warm against the cooler air while still keeping you dry by sweeping the sweat away from your skin. Windproof jackets are also available for wind and rain protection. Coupled with cycling pants or knee warmers, which keep your knees and legs warm and flexible, these items will help you have a pleasant ride, even when the weather is less than ideal.
As the weather warms, your cycling apparel should mirror what you would wear on long rides. Good cycling or bib shorts and a sleeveless jersey will keep you comfortable and cool. You may want to carry a lightweight, compact cycling jacket with you in case your ride goes later in the evening than you anticipated or you start out your ride early in the morning. There are a number of jackets available that can be easily stowed when the temperature rises. Cycling jacket made of breathable material that incorporates ventilation, like mesh vents, in the fabric are ideal.
There are many choices in bicycle clothing and not all of them are necessary. Depending on what kind of bicycler you are, you may find that less is more. But, if you are seriously into cycling, then choosing a variety of bicycle clothing is in your advantage – you will feel much more apt to get out there on your bike if you have all of the proper equipment, including comfortable clothing that helps to keep your body temperate and dry.
~Ben Anton, 2007
110cc Pocket Bikes
A 110cc pocket bike is a miniature motorcycle that is becoming increasingly popular. There are even Pocket Bike races held world wide now, with some of the pros taking home thousands of dollars in cash and prizes. 110cc pocket bikes look like they were built for kids, they are typically 38 to 47 inches long and weigh about 50 pounds, but don't let the small size fool you. The 110cc pocket bikes are specifically built for adult drivers.
The 110cc bikes are made in Italy, and can reach speeds of up to 75 miles per hour. The 110cc pocket bikes have a 30 inch wheelbase, which in layman's terms means that you are barely inches from the ground. This definitely adds an adrenaline rush when it comes to high speed turns! Due to their miniature size, riding a pocket bike offers certain thrills that cannot be obtained on a regular motorcycle.
Pocket bike racing is also the most affordable motor sport in existence today, which is no small part why it is also one of the fastest growing. This draws participants from all over the world, offering them the ability to get in on motor sports, when they might not be able to otherwise. Make no mistakes about it, though, riding a pocket bike isn't like riding a regular motorcycle, even though the concept of balancing on two wheels at high speed is the same. Due to its small size, riding a pocket bike requires more balance, self control, agility, and faster reaction times. The adrenaline rush is a major reason many beginning participants become hooked and life-long fans.
Pocket bikes can be suitable for children over the age of nine, as long as they are very carefully supervised. The bikes were designed for adults, and so are set to support up to 300 pounds of weight. 110cc pocket bikes are not designed or intended for street use, these are bikes made for racing on tracks. Protective gear should be worn by both kids and adults at all times. This includes, but is not limited to, helmet, gloves, knee and elbow pads, and leather clothes in case of an accident. While they may look like toys, the 110cc pocket bikes were designed for extreme motor racing, and need to be treated with the same respect accordingly.
The 110cc bikes are made in Italy, and can reach speeds of up to 75 miles per hour. The 110cc pocket bikes have a 30 inch wheelbase, which in layman's terms means that you are barely inches from the ground. This definitely adds an adrenaline rush when it comes to high speed turns! Due to their miniature size, riding a pocket bike offers certain thrills that cannot be obtained on a regular motorcycle.
Pocket bike racing is also the most affordable motor sport in existence today, which is no small part why it is also one of the fastest growing. This draws participants from all over the world, offering them the ability to get in on motor sports, when they might not be able to otherwise. Make no mistakes about it, though, riding a pocket bike isn't like riding a regular motorcycle, even though the concept of balancing on two wheels at high speed is the same. Due to its small size, riding a pocket bike requires more balance, self control, agility, and faster reaction times. The adrenaline rush is a major reason many beginning participants become hooked and life-long fans.
Pocket bikes can be suitable for children over the age of nine, as long as they are very carefully supervised. The bikes were designed for adults, and so are set to support up to 300 pounds of weight. 110cc pocket bikes are not designed or intended for street use, these are bikes made for racing on tracks. Protective gear should be worn by both kids and adults at all times. This includes, but is not limited to, helmet, gloves, knee and elbow pads, and leather clothes in case of an accident. While they may look like toys, the 110cc pocket bikes were designed for extreme motor racing, and need to be treated with the same respect accordingly.
50cc Pocket Bikes
If you are planning to shop for a new 50cc pocket bike, you need to know what exactly it is you are searching for, and the right questions to ask before you visit a store, or even before you shop online, if that's your preferred method. Not paying especially close attention to specific features, or not asking the right questions can result in you buying a 50cc pocket bike that you don't really want, or even worse, can't use.
First, know exactly what you want your 50cc pocket bike will be used for. Will it be fun and recreation, or will you be racing? This decision has to be firmly set in your mind before you go out to make the purchase. If you will be using the pocket bike for recreational purposes, and you have no intention of racing, you can expect to pay about $400 or a little more. A very reasonable price. It's a completely different story if you want to race. If you eventually plan to race, you may find that you need to pay up to a full $7000 to get what you want. The price difference shows you pretty quickly why you have to know what you're investing in.
Generally you will find that any pocket bikes you are looking at were made in one of two places. There are the pocket bikes that are built in Italy, and there are pocket bikes that are manufactured in China. The bikes made in Italy are typically among the highest quality bikes. Higher quality also brings a higher price, but once again what you should be willing to spend on a 50cc pocket bike depends on what you are going to use it for. If the bike is going to be used solely for recreational purposes, then look at the ones made from China, because the difference is not that large if it is just for fun. If you're looking to race, buy from Italy.
Keep in mind pocket bikes are not very comfortable, due to their small size - unless you are very small or a kid. So, comfort isn't what you need to look for, however, you still need to be comfortable enough to ensure that you have full control of the bike at all times. Take the bike for a test run, and make sure that your body isn't touching anything that it shouldn't, like the exhaust pipe, and that you're comfortable controlling the bike.
Talk to the pocket bike dealer to find out what spare parts are available for the bike, and how hard those parts may be to get. Find out what parts need to be replaced often. Remember, they sell 50cc pocket bikes for a living, and they are probably the best experts you are going to find. They will be able to tell you all you need to know about what the bikes need, and what they don't need. Also, find out if there is a mechanic at the dealership, or in the town, that is capable of making repairs should they be needed, and inquire about warranties as well, the same types of information you would want for a new car. Make an informed decision based on your needs, and you will find a pocket bike an enjoyable investment.
First, know exactly what you want your 50cc pocket bike will be used for. Will it be fun and recreation, or will you be racing? This decision has to be firmly set in your mind before you go out to make the purchase. If you will be using the pocket bike for recreational purposes, and you have no intention of racing, you can expect to pay about $400 or a little more. A very reasonable price. It's a completely different story if you want to race. If you eventually plan to race, you may find that you need to pay up to a full $7000 to get what you want. The price difference shows you pretty quickly why you have to know what you're investing in.
Generally you will find that any pocket bikes you are looking at were made in one of two places. There are the pocket bikes that are built in Italy, and there are pocket bikes that are manufactured in China. The bikes made in Italy are typically among the highest quality bikes. Higher quality also brings a higher price, but once again what you should be willing to spend on a 50cc pocket bike depends on what you are going to use it for. If the bike is going to be used solely for recreational purposes, then look at the ones made from China, because the difference is not that large if it is just for fun. If you're looking to race, buy from Italy.
Keep in mind pocket bikes are not very comfortable, due to their small size - unless you are very small or a kid. So, comfort isn't what you need to look for, however, you still need to be comfortable enough to ensure that you have full control of the bike at all times. Take the bike for a test run, and make sure that your body isn't touching anything that it shouldn't, like the exhaust pipe, and that you're comfortable controlling the bike.
Talk to the pocket bike dealer to find out what spare parts are available for the bike, and how hard those parts may be to get. Find out what parts need to be replaced often. Remember, they sell 50cc pocket bikes for a living, and they are probably the best experts you are going to find. They will be able to tell you all you need to know about what the bikes need, and what they don't need. Also, find out if there is a mechanic at the dealership, or in the town, that is capable of making repairs should they be needed, and inquire about warranties as well, the same types of information you would want for a new car. Make an informed decision based on your needs, and you will find a pocket bike an enjoyable investment.
3 Ways Renters Lose Money
Are you still renting a home or apartment for yourself or your family?
If so, you're losing money. Think about these three ways you lose money by renting:
1. You're paying for someone else's mortgage payment. You're missing out on the appreciation that the property gives to the landlord. Appreciation is a term used in accounting relating to the increase in value of an asset, which means in real estate terms, added value to the property. Over the past five years, houses appreciated significantly, making many new real estate investor multimillionaires.
2. Renters don't get to freeze their monthly housing expenses like home buyers can. Of course, many home buyers get mortgage payments with adjustable interest rates and their payments go up over time. However, these payments will not go up over the long term like rising rents. Just think about how much an apartment costs today compared to ten years ago. A two bedroom apartment in Lake Elsinore, California leases for $1,000 today. The exact same apartment rented for $325 in 1996, when it was brand new. Home buyers who had low monthly payments in 1996, who did not refinance their mortgage, enjoy low payments and don't have to worry about rising rents.
3. Renters don't benefit from tax advantages. Home owners get income tax deductions. Tax deductions for interest costs, for instance, save tax payers thousands of dollars.
Emotional Satisfaction of Home Ownership
Besides losing out on making money with real estate, renters don't get the same satisfaction of home enjoyment that benefits home buyers. Many landlords won't allow you to paint your walls in colors that you desire. Also, you won't feel like fixing up the property with custom window coverings and you get little say in flooring materials. Because you can't make your personal statement, you won't feel like you're HOME as much as home owners who feel emotionally connected to their property.
How to Buy Your First Home
The biggest barrier to home ownership is often accumulating funds for a down payment. People think they have to have thousands of dollars for a down payment. However, if you have good credit and a decent job, you can get a mortgage for a home with zero down. And you can finance some of your closing costs as well as ask the seller to help you pay a good portion of your purchase costs. With today's mortgage finance plans, you may be surprised to find out how much of a home you can afford with payments similar to what you currently pay in rent.
You may have to go out of the major metropolitan areas to buy a home. That's why so many people commute in Southern California. Affordable housing costs much less in outlying areas. But so do the rents. If you're renting an apartment for $2,300 in Los Angeles, you could buy a $500,000 home in Wildomar. Our daughter just purchased a home in December 2005 and her mortgage payment, for a 3,000 square foot new home, costs less than $2,300. With her tax savings, she will pay even less than renting a small apartment closer to downtown L A.
If these amounts sound high to you, check your local area. Perhaps your monthly rent is only $1,000 and houses cost less than $200,000. Talk to a mortgage loan officer and see how much of a home you can afford.
If you're renting, make one of your priorities to buy your own home.
If so, you're losing money. Think about these three ways you lose money by renting:
1. You're paying for someone else's mortgage payment. You're missing out on the appreciation that the property gives to the landlord. Appreciation is a term used in accounting relating to the increase in value of an asset, which means in real estate terms, added value to the property. Over the past five years, houses appreciated significantly, making many new real estate investor multimillionaires.
2. Renters don't get to freeze their monthly housing expenses like home buyers can. Of course, many home buyers get mortgage payments with adjustable interest rates and their payments go up over time. However, these payments will not go up over the long term like rising rents. Just think about how much an apartment costs today compared to ten years ago. A two bedroom apartment in Lake Elsinore, California leases for $1,000 today. The exact same apartment rented for $325 in 1996, when it was brand new. Home buyers who had low monthly payments in 1996, who did not refinance their mortgage, enjoy low payments and don't have to worry about rising rents.
3. Renters don't benefit from tax advantages. Home owners get income tax deductions. Tax deductions for interest costs, for instance, save tax payers thousands of dollars.
Emotional Satisfaction of Home Ownership
Besides losing out on making money with real estate, renters don't get the same satisfaction of home enjoyment that benefits home buyers. Many landlords won't allow you to paint your walls in colors that you desire. Also, you won't feel like fixing up the property with custom window coverings and you get little say in flooring materials. Because you can't make your personal statement, you won't feel like you're HOME as much as home owners who feel emotionally connected to their property.
How to Buy Your First Home
The biggest barrier to home ownership is often accumulating funds for a down payment. People think they have to have thousands of dollars for a down payment. However, if you have good credit and a decent job, you can get a mortgage for a home with zero down. And you can finance some of your closing costs as well as ask the seller to help you pay a good portion of your purchase costs. With today's mortgage finance plans, you may be surprised to find out how much of a home you can afford with payments similar to what you currently pay in rent.
You may have to go out of the major metropolitan areas to buy a home. That's why so many people commute in Southern California. Affordable housing costs much less in outlying areas. But so do the rents. If you're renting an apartment for $2,300 in Los Angeles, you could buy a $500,000 home in Wildomar. Our daughter just purchased a home in December 2005 and her mortgage payment, for a 3,000 square foot new home, costs less than $2,300. With her tax savings, she will pay even less than renting a small apartment closer to downtown L A.
If these amounts sound high to you, check your local area. Perhaps your monthly rent is only $1,000 and houses cost less than $200,000. Talk to a mortgage loan officer and see how much of a home you can afford.
If you're renting, make one of your priorities to buy your own home.
3 Tips to Staging the Inside of Your Home Like a Pro
Are you considering putting your house up for sale, but not sure where to start? Afraid it will take too long to sell, or that you won’t get the price you want? Think about “staging” your home, or in other words, setting the scene for immediate buyer interest in your property.
To be really effective, you need to look at both the outside and the inside of your home. Here are 3 tips to get you started with the inside of your home:
1. De-clutter. This is one of the most important things you can do. It might be easier to think of de-cluttering like this – you’re moving anyway, so why not start packing now?
Pack up everything you don’t need and store the boxes out of sight in the garage (or consider temporarily renting a small storage locker).
2. Organize your closets - put similar colors together, pants together, skirts together, shirts together etc. Why? Because it will make the closets look bigger. (Really.) An organized closet appears bigger, and you want your closets to look as spacious as possible.
3. Make your home look like a model. You want to de-personalize as much as possible so potential buyers can imagine themselves and their own belongings occupying the space in your house. That means minimizing – putting away everything you don’t need or use. Clear off kitchen counters as much as possible – stash all those appliances you don’t use, and put miscellaneous small clutter in a few attractive baskets or boxes
And the biggest tip of all? Imagine yourself as a potential buyer looking at your property for the very first time. What impressions are you getting? Would YOU buy your house? What would you like to see changed before you put an offer on your house?
And don’t worry about spending several thousand dollars to get your house ready to sell – you’ll get it all back when your house sells. Proper staging helps you sell your house in a shorter time and at the price you want.
To be really effective, you need to look at both the outside and the inside of your home. Here are 3 tips to get you started with the inside of your home:
1. De-clutter. This is one of the most important things you can do. It might be easier to think of de-cluttering like this – you’re moving anyway, so why not start packing now?
Pack up everything you don’t need and store the boxes out of sight in the garage (or consider temporarily renting a small storage locker).
2. Organize your closets - put similar colors together, pants together, skirts together, shirts together etc. Why? Because it will make the closets look bigger. (Really.) An organized closet appears bigger, and you want your closets to look as spacious as possible.
3. Make your home look like a model. You want to de-personalize as much as possible so potential buyers can imagine themselves and their own belongings occupying the space in your house. That means minimizing – putting away everything you don’t need or use. Clear off kitchen counters as much as possible – stash all those appliances you don’t use, and put miscellaneous small clutter in a few attractive baskets or boxes
And the biggest tip of all? Imagine yourself as a potential buyer looking at your property for the very first time. What impressions are you getting? Would YOU buy your house? What would you like to see changed before you put an offer on your house?
And don’t worry about spending several thousand dollars to get your house ready to sell – you’ll get it all back when your house sells. Proper staging helps you sell your house in a shorter time and at the price you want.
3 Surefire Ways To Sell Your Homes On Steroids, While Other Investors Can't Give Away Their Homes
So you need to sell your home?
This article is exactly what you need to do, to sell your home or create a bunch of leads of individuals, who are HOT prospects to buy your home.
Before, I share my 3 steroid ideas on selling your homes; you need to take a few simple steps...
PREPARATION
1. You need to locate and interview an aggressive Mortgage Broker, very knowledgeable, with a GREAT TRACK RECORD of closing deals, especially difficult ones.
I cannot stress enough the importance, of having a great broker on your power team. I own and run, the R.E.I.A. (real estate investor club / www.tcreia.com) in my area, so whenever I hear a member, say they got a difficult deal closed, I always make sure to inquire for an introduction, because this might be the broker who can get most of my deals funded.
Remember, you can sell a home ten times, if you can't get the buyer funded by a mortgage company...who cares, your wasting your time.
2. You should make some effort in fixing the home up; even if it's a hunker, I'd still get the lawn cut and maybe throw a coat of paint on the property. You'd be amazed at the improvement to even an ugly property, with a simple coat of paint on the front of the property.
3. Go to your local community financing office or local grant and home buyer bond office. For example in my area (South Florida and Palm Beach County), both counties run a FREE class for your buyers on becoming a first time home buyer and when they take the class, they then get a voucher from the county, giving them $10,000.00 toward the purchase of their first home. The best part is sometimes the loans are even forgiven, when certain criteria are met by the new homeowner.
LET'S DO SOME MARKETING ON STEROIDS
Let's be frank, your going to have to be more aggressive, smarter and persistent than 99% of all your homes neighbors.
There's no magic pill, but this has been working for both my students and me, for the last year, and we're always testing and fine-tuning the system.
And I can tell you, that while every other investor, is sitting with their heads in their butts, my students and I are able to sell all of our properties, during one of the worst RE slowdowns in history, and this is in South Florida, one of the most depressed markets in the Country,
1. Buyer First System
Basically you create your own buyers. The best example would be converting a lifetime renter into the American Dream a homeowner. Just so happens, that while becoming the American Dream, they also end up buying your home.
Very simply, create a flyer or postcard, and market to communities of people who would be a great prospect to buy your home.
Who doesn't want to be a homeowner in America? Nobody, that's a stupid question, everyone wants to be a homeowner, and it's bred into us as kids.
The real key is you must understand, that these individuals renting, most are under the impression they CAN'T get a mortgage. They might have tried in the past, and we're shutdown and embarrassed, only to believe they would live the rest of their lives as a RENTER.
These are the best leads you can focus on, because it's not a matter of IF they'll buy your home, they will, the key is can you get them funded or is it the right house for them, financially affordable.
I must also share with you, this strategy will take some of your time and initiative, because their is hand holding involved, mortgage brokers, and helping them get any government help in First time homebuyer money.
2. Fish in some one else's pond!
Go where the most prospects are for your home. I'll give you some examples, you need to go where the most and the best prospects are to buy your home, assuming it's a good deal (priced right, and there's still built-in equity for your buyer).
If you have any contacts or a friend of a friend, now is the time for using it and your expectations are for these contacts to open doors for you, to their sphere of influence.
For Example, one of my students, Courtney, leveraged a contact he had, his cousin (she was a middle school teacher), and she introduced him into the schools, where it just happened that the schools are in the same area, that he was selling a great starter home.
He sold the home that he needed to the most, but then, once word spread of what he was able to do, the rest of the teachers came out of everywhere, wanting him to help them. He's since helping the 1st teacher, sold another 5 homes, to 5 different teachers, earning him over $30,000.00 for this simple, leveraged relationship.
So what ponds can you fish in, with your marketing? Think about whom you know (friends, family members, and associates)?
BEST: Teachers, Cops, Firefighters, Government Employees, Bus Drivers, Department of Transportation. (These careers are loved by lenders, they mostly have good credit, and their income is basically guaranteed and very stable.)
GOOD: Large local employers: Supermarkets, Local telephone company (Bell South), Home Depot, Wal-Mart, etc.
3. Use the Internet...
You should definitely have an individual website for your property.
You can get a simple site built for under $100.00.
ü Use www.elance.com or www.rentacoder.com : Two great sites, for getting your site created, they are both similar to EBay. You post an auction about your project (your home website), and then companies bid on your job, and you get to see samples of their work and read all their feedback, after you decided who wins your job, you choose a winner. Oh by the way, both of these services cost you nothing, their completely FREE. ü Take some pictures with a digital camera of your home and you'll end up emailing them to the site designer, to post on your site. (good example, is www.735airoso.com) ü Treat this as an online, digital brochure, basically being able to do whatever you can conceive. ü You can take a video of the home, with you walking through the home and then have it placed on your site. If you're intimidated by video, like I was at first, don't be, because your web site designer can do it for you, very easily.
Now, when ever you talk to someone on the phone or in person, they can quickly look at your property, on the web. This will be the best $100.00 you'll ever spend on marketing of your home.
4. BONUS: Promote and hold your own, "First Time Homebuyer Seminar".
Before you say anything, I don't expect you to be Tony Robbins, if you can get 10 to 15 people in a room, your going to be successful.
We shared this strategy with my mentoring students, and it's been working excellent for them, from the results I've been receiving back from my future millionaires. In fact, one of my students from Miami, Alex, has been executing this strategy like gangbusters.
Before writing this article, I received permission from Alex to share some of his feedback with you, on the Homebuyer seminars that have been very successful for him.
He's now doing 1 a month, every month. Also, since he's has a few successfully under his belt, he's now selling sponsorship space to his seminars, to Mortgage brokers, credit repair companies, and he's even worked out a joint venture with two different realtors, whom pay him for every property they sell to one of his prospects.
If you're curious how he's filling the room, all he's doing is as follows...
-Flyers in Parking lots, I.E. Wal-Mart, Publix Supermarkets, and local churches.
-Free Advertising on www.craigslist.com
-He uses bandit style signs on the side of the road, 18 x 24, corrugated plastic signs.
-He's even put up a website that the attendees, can pre-register for the seminar. (Sorry, he didn't want me giving out the site, for obvious reasons)
-He also is giving them an ethical bribe for attending the seminar; he gives them a few nooks and tapes just for making it to the event. The best part is he received the books for free on the internet, and he's also allowed to give them away for free and even rebrand them as his own books.
This article is exactly what you need to do, to sell your home or create a bunch of leads of individuals, who are HOT prospects to buy your home.
Before, I share my 3 steroid ideas on selling your homes; you need to take a few simple steps...
PREPARATION
1. You need to locate and interview an aggressive Mortgage Broker, very knowledgeable, with a GREAT TRACK RECORD of closing deals, especially difficult ones.
I cannot stress enough the importance, of having a great broker on your power team. I own and run, the R.E.I.A. (real estate investor club / www.tcreia.com) in my area, so whenever I hear a member, say they got a difficult deal closed, I always make sure to inquire for an introduction, because this might be the broker who can get most of my deals funded.
Remember, you can sell a home ten times, if you can't get the buyer funded by a mortgage company...who cares, your wasting your time.
2. You should make some effort in fixing the home up; even if it's a hunker, I'd still get the lawn cut and maybe throw a coat of paint on the property. You'd be amazed at the improvement to even an ugly property, with a simple coat of paint on the front of the property.
3. Go to your local community financing office or local grant and home buyer bond office. For example in my area (South Florida and Palm Beach County), both counties run a FREE class for your buyers on becoming a first time home buyer and when they take the class, they then get a voucher from the county, giving them $10,000.00 toward the purchase of their first home. The best part is sometimes the loans are even forgiven, when certain criteria are met by the new homeowner.
LET'S DO SOME MARKETING ON STEROIDS
Let's be frank, your going to have to be more aggressive, smarter and persistent than 99% of all your homes neighbors.
There's no magic pill, but this has been working for both my students and me, for the last year, and we're always testing and fine-tuning the system.
And I can tell you, that while every other investor, is sitting with their heads in their butts, my students and I are able to sell all of our properties, during one of the worst RE slowdowns in history, and this is in South Florida, one of the most depressed markets in the Country,
1. Buyer First System
Basically you create your own buyers. The best example would be converting a lifetime renter into the American Dream a homeowner. Just so happens, that while becoming the American Dream, they also end up buying your home.
Very simply, create a flyer or postcard, and market to communities of people who would be a great prospect to buy your home.
Who doesn't want to be a homeowner in America? Nobody, that's a stupid question, everyone wants to be a homeowner, and it's bred into us as kids.
The real key is you must understand, that these individuals renting, most are under the impression they CAN'T get a mortgage. They might have tried in the past, and we're shutdown and embarrassed, only to believe they would live the rest of their lives as a RENTER.
These are the best leads you can focus on, because it's not a matter of IF they'll buy your home, they will, the key is can you get them funded or is it the right house for them, financially affordable.
I must also share with you, this strategy will take some of your time and initiative, because their is hand holding involved, mortgage brokers, and helping them get any government help in First time homebuyer money.
2. Fish in some one else's pond!
Go where the most prospects are for your home. I'll give you some examples, you need to go where the most and the best prospects are to buy your home, assuming it's a good deal (priced right, and there's still built-in equity for your buyer).
If you have any contacts or a friend of a friend, now is the time for using it and your expectations are for these contacts to open doors for you, to their sphere of influence.
For Example, one of my students, Courtney, leveraged a contact he had, his cousin (she was a middle school teacher), and she introduced him into the schools, where it just happened that the schools are in the same area, that he was selling a great starter home.
He sold the home that he needed to the most, but then, once word spread of what he was able to do, the rest of the teachers came out of everywhere, wanting him to help them. He's since helping the 1st teacher, sold another 5 homes, to 5 different teachers, earning him over $30,000.00 for this simple, leveraged relationship.
So what ponds can you fish in, with your marketing? Think about whom you know (friends, family members, and associates)?
BEST: Teachers, Cops, Firefighters, Government Employees, Bus Drivers, Department of Transportation. (These careers are loved by lenders, they mostly have good credit, and their income is basically guaranteed and very stable.)
GOOD: Large local employers: Supermarkets, Local telephone company (Bell South), Home Depot, Wal-Mart, etc.
3. Use the Internet...
You should definitely have an individual website for your property.
You can get a simple site built for under $100.00.
ü Use www.elance.com or www.rentacoder.com : Two great sites, for getting your site created, they are both similar to EBay. You post an auction about your project (your home website), and then companies bid on your job, and you get to see samples of their work and read all their feedback, after you decided who wins your job, you choose a winner. Oh by the way, both of these services cost you nothing, their completely FREE. ü Take some pictures with a digital camera of your home and you'll end up emailing them to the site designer, to post on your site. (good example, is www.735airoso.com) ü Treat this as an online, digital brochure, basically being able to do whatever you can conceive. ü You can take a video of the home, with you walking through the home and then have it placed on your site. If you're intimidated by video, like I was at first, don't be, because your web site designer can do it for you, very easily.
Now, when ever you talk to someone on the phone or in person, they can quickly look at your property, on the web. This will be the best $100.00 you'll ever spend on marketing of your home.
4. BONUS: Promote and hold your own, "First Time Homebuyer Seminar".
Before you say anything, I don't expect you to be Tony Robbins, if you can get 10 to 15 people in a room, your going to be successful.
We shared this strategy with my mentoring students, and it's been working excellent for them, from the results I've been receiving back from my future millionaires. In fact, one of my students from Miami, Alex, has been executing this strategy like gangbusters.
Before writing this article, I received permission from Alex to share some of his feedback with you, on the Homebuyer seminars that have been very successful for him.
He's now doing 1 a month, every month. Also, since he's has a few successfully under his belt, he's now selling sponsorship space to his seminars, to Mortgage brokers, credit repair companies, and he's even worked out a joint venture with two different realtors, whom pay him for every property they sell to one of his prospects.
If you're curious how he's filling the room, all he's doing is as follows...
-Flyers in Parking lots, I.E. Wal-Mart, Publix Supermarkets, and local churches.
-Free Advertising on www.craigslist.com
-He uses bandit style signs on the side of the road, 18 x 24, corrugated plastic signs.
-He's even put up a website that the attendees, can pre-register for the seminar. (Sorry, he didn't want me giving out the site, for obvious reasons)
-He also is giving them an ethical bribe for attending the seminar; he gives them a few nooks and tapes just for making it to the event. The best part is he received the books for free on the internet, and he's also allowed to give them away for free and even rebrand them as his own books.
3 Pitfalls to Avoid When Playing in the Real Estate Game
So you’ve seen your umpteenth infomercial with the guy in his neatly pressed button-upped white T-Shirt grinning ear to ear waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion dollars (but only if you call now) and now you are thinking, "wow this looks like a great deal, I better get it fast before the special offer expires." You notice how there’s always a special offer? Anyway, I am not saying this guy isn’t telling the truth, however regardless of which course or school of thought you buy into there are several key areas that one must avoid when engaging in any real estate related transaction.
Pitfall Number 1: Don’t Overpay!
The whole point in investing is to find properties that are undervalued. How does one find out what is undervalued versus overvalued? Without getting into technical details, the bottom line is you need experience. Yes much like shopping for anything else, real estate is essentially one of the highest ticket items in the shopping center of life. It’s advisable to stick with one market, perhaps the one closest to you in proximity as a starting off point. Through your experience and asking the right questions, you will eventually have a feel for the pulse of the market you are looking after, and of course identify what is considered a good buy.
Pitfall Number 2: Know the Market
Yes, you are actually going to have to do more work! This part is really common sense though, but executing it where the beauty and the payoff comes in. How do you make money in real estate? The most basic way is to buy low and sell high. So from the first step, you have identified general trends in the value of homes, and are pretty good at spotting undervalued homes. Assuming you acquire that home, you may want to profit from it by selling it off to someone else for a higher price. How can you do this? Well there are many ways. For one, most markets appreciate in value over time so if you want a longer term approach that will work. Making upgrades to the property will automatically raise the price of the home as well. Think in terms of what the market wants, not what you personally want. You aren’t the one buying it; you are trying to sell it to someone else for a higher price than you bought it.
Pitfall Number 3: Know Your Budget
It may be a fine philosophy to go through life on a whim, but real estate is serious business, and thus diligent financial planning and budgeting is critical to your success. Don’t worry you don’t need to be a finance geek, however you need to be disciplined and know your budget from the onset, or you may be finding you are learning that you need to make certain renovations or upgrades, and didn’t anticipate it going over to a certain cost. Think ahead as to what is needed before actually going forth with investing in real estate.
Pitfall Number 1: Don’t Overpay!
The whole point in investing is to find properties that are undervalued. How does one find out what is undervalued versus overvalued? Without getting into technical details, the bottom line is you need experience. Yes much like shopping for anything else, real estate is essentially one of the highest ticket items in the shopping center of life. It’s advisable to stick with one market, perhaps the one closest to you in proximity as a starting off point. Through your experience and asking the right questions, you will eventually have a feel for the pulse of the market you are looking after, and of course identify what is considered a good buy.
Pitfall Number 2: Know the Market
Yes, you are actually going to have to do more work! This part is really common sense though, but executing it where the beauty and the payoff comes in. How do you make money in real estate? The most basic way is to buy low and sell high. So from the first step, you have identified general trends in the value of homes, and are pretty good at spotting undervalued homes. Assuming you acquire that home, you may want to profit from it by selling it off to someone else for a higher price. How can you do this? Well there are many ways. For one, most markets appreciate in value over time so if you want a longer term approach that will work. Making upgrades to the property will automatically raise the price of the home as well. Think in terms of what the market wants, not what you personally want. You aren’t the one buying it; you are trying to sell it to someone else for a higher price than you bought it.
Pitfall Number 3: Know Your Budget
It may be a fine philosophy to go through life on a whim, but real estate is serious business, and thus diligent financial planning and budgeting is critical to your success. Don’t worry you don’t need to be a finance geek, however you need to be disciplined and know your budget from the onset, or you may be finding you are learning that you need to make certain renovations or upgrades, and didn’t anticipate it going over to a certain cost. Think ahead as to what is needed before actually going forth with investing in real estate.
Tuesday, June 17, 2014
3 of the top 9 reasons that the real estate bubble is bursting
If you own real estate or are thinking of buying real estate then you better pay attention, because this could be the most important message you receive this year regarding real estate and your financial future.
The last five years have seen explosive growth in the real estate market and as a result many people believe that real estate is the safest investment you can make. Well, that is no longer true. Rapidly increasing real estate prices have caused the real estate market to be at price levels never before seen in history when adjusted for inflation! The growing number of people concerned about the real estate bubble means there are less available real estate buyers. Fewer buyers mean that prices are coming down.
On May 4, 2006, Federal Reserve Board Governor Susan Blies stated that "Housing has really sort of peaked". This follows on the heels of the new Fed Chairman Ben Bernanke saying that he was concerned that the "softening" of the real estate market would hurt the economy. And former Fed Chairman Alan Greenspan previously described the real estate market as frothy. All of these top financial experts agree that there is already a viable downturn in the market, so clearly there is a need to know the reasons behind this change.
3 of the top 9 reasons that the real estate bubble will burst include:
1. Interest rates are rising - foreclosures are up 72%!
2. First time homebuyers are priced out of the market - the real estate market is a pyramid and the base is crumbling
3. The psychology of the market has changed so that now people are afraid of the bubble bursting - the mania over real estate is over!
The first reason that the real estate bubble is bursting is rising interest rates. Under Alan Greenspan, interest rates were at historic lows from June 2003 to June 2004. These low interest rates allowed people to buy homes that were more expensive then what they could normally afford but at the same monthly cost, essentially creating "free money". However, the time of low interest rates has ended as interest rates have been rising and will continue to rise further. Interest rates must rise to combat inflation, partly due to high gasoline and food costs. Higher interest rates make owning a home more expensive, thus driving existing home values down.
Higher interest rates are also affecting people who bought adjustable mortgages (ARMs). Adjustable mortgages have very low interest rates and low monthly payments for the first two to three years but afterwards the low interest rate disappears and the monthly mortgage payment jumps dramatically. As a result of adjustable mortgage rate resets, home foreclosures for the 1st quarter of 2006 are up 72% over the 1st quarter of 2005.
The foreclosure situation will only worsen as interest rates continue to rise and more adjustable mortgage payments are adjusted to a higher interest rate and higher mortgage payment. Moody's stated that 25% of all outstanding mortgages are coming up for interest rate resets during 2006 and 2007. That is $2 trillion of U.S. mortgage debt! When the payments increase, it will be quite a hit to the pocketbook. A study done by one of the country's largest title insurers concluded that 1.4 million households will face a payment jump of 50% or more once the introductory payment period is over.
The second reason that the real estate bubble is bursting is that new homebuyers are no longer able to buy homes due to high prices and higher interest rates. The real estate market is basically a pyramid scheme and as long as the number of buyers is growing everything is fine. As homes are bought by first time home buyers at the bottom of the pyramid, the new money for that $100,000.00 home goes all the way up the pyramid to the seller and buyer of a $1,000,000.00 home as people sell one home and buy a more expensive home. This double-edged sword of high real estate prices and higher interest rates has priced many new buyers out of the market, and now we are starting to feel the effects on the overall real estate market. Sales are slowing and inventories of homes available for sale are rising quickly. The latest report on the housing market showed new home sales fell 10.5% for February 2006. This is the largest one-month drop in nine years.
The third reason that the real estate bubble is bursting is that the psychology of the real estate market has changed. For the last five years the real estate market has risen dramatically and if you bought real estate you more than likely made money. This positive return for so many investors fueled the market higher as more people saw this and decided to also invest in real estate before they 'missed out'.
The psychology of any bubble market, whether we are talking about the stock market or the real estate market is known as 'herd mentality', where everyone follows the herd. This herd mentality is at the heart of any bubble and it has happened numerous times in the past including during the US stock market bubble of the late 1990's, the Japanese real estate bubble of the 1980's, and even as far back as the US railroad bubble of the 1870's. The herd mentality had completely taken over the real estate market until recently.
The bubble continues to rise as long as there is a "greater fool" to buy at a higher price. As there are less and less "greater fools" available or willing to buy homes, the mania disappears. When the hysteria passes, the excessive inventory that was built during the boom time causes prices to plummet. This is true for all three of the historical bubbles mentioned above and many other historical examples. Also of importance to note is that when all three of these historical bubbles burst the US was thrown into recession.
With the changing in mindset related to the real estate market, investors and speculators are getting scared that they will be left holding real estate that will lose money. As a result, not only are they buying less real estate, but they are simultaneously selling their investment properties as well. This is producing huge numbers of homes available for sale on the market at the same time that record new home construction floods the market. These two increasing supply forces, the increasing supply of existing homes for sale coupled with the increasing supply of new homes for sale will further exacerbate the problem and drive all real estate values down.
A recent survey showed that 7 out of 10 people think the real estate bubble will burst before April 2007. This change in the market psychology from 'must own real estate at any cost' to a healthy concern that real estate is overpriced is causing the end of the real estate market boom.
The aftershock of the bubble bursting will be enormous and it will affect the global economy tremendously. Billionaire investor George Soros has said that in 2007 the US will be in recession and I agree with him. I think we will be in a recession because as the real estate bubble bursts, jobs will be lost, Americans will no longer be able to cash out money from their homes, and the entire economy will slow down dramatically thus leading to recession.
In conclusion, the three reasons the real estate bubble is bursting are higher interest rates; first-time buyers being priced out of the market; and the psychology about the real estate market is changing. The recently published eBook "How To Prosper In The Changing Real Estate Market. Protect Yourself From The Bubble Now!" discusses these items in more detail. For more information visit www.MyRealEstateBubble.com.
The last five years have seen explosive growth in the real estate market and as a result many people believe that real estate is the safest investment you can make. Well, that is no longer true. Rapidly increasing real estate prices have caused the real estate market to be at price levels never before seen in history when adjusted for inflation! The growing number of people concerned about the real estate bubble means there are less available real estate buyers. Fewer buyers mean that prices are coming down.
On May 4, 2006, Federal Reserve Board Governor Susan Blies stated that "Housing has really sort of peaked". This follows on the heels of the new Fed Chairman Ben Bernanke saying that he was concerned that the "softening" of the real estate market would hurt the economy. And former Fed Chairman Alan Greenspan previously described the real estate market as frothy. All of these top financial experts agree that there is already a viable downturn in the market, so clearly there is a need to know the reasons behind this change.
3 of the top 9 reasons that the real estate bubble will burst include:
1. Interest rates are rising - foreclosures are up 72%!
2. First time homebuyers are priced out of the market - the real estate market is a pyramid and the base is crumbling
3. The psychology of the market has changed so that now people are afraid of the bubble bursting - the mania over real estate is over!
The first reason that the real estate bubble is bursting is rising interest rates. Under Alan Greenspan, interest rates were at historic lows from June 2003 to June 2004. These low interest rates allowed people to buy homes that were more expensive then what they could normally afford but at the same monthly cost, essentially creating "free money". However, the time of low interest rates has ended as interest rates have been rising and will continue to rise further. Interest rates must rise to combat inflation, partly due to high gasoline and food costs. Higher interest rates make owning a home more expensive, thus driving existing home values down.
Higher interest rates are also affecting people who bought adjustable mortgages (ARMs). Adjustable mortgages have very low interest rates and low monthly payments for the first two to three years but afterwards the low interest rate disappears and the monthly mortgage payment jumps dramatically. As a result of adjustable mortgage rate resets, home foreclosures for the 1st quarter of 2006 are up 72% over the 1st quarter of 2005.
The foreclosure situation will only worsen as interest rates continue to rise and more adjustable mortgage payments are adjusted to a higher interest rate and higher mortgage payment. Moody's stated that 25% of all outstanding mortgages are coming up for interest rate resets during 2006 and 2007. That is $2 trillion of U.S. mortgage debt! When the payments increase, it will be quite a hit to the pocketbook. A study done by one of the country's largest title insurers concluded that 1.4 million households will face a payment jump of 50% or more once the introductory payment period is over.
The second reason that the real estate bubble is bursting is that new homebuyers are no longer able to buy homes due to high prices and higher interest rates. The real estate market is basically a pyramid scheme and as long as the number of buyers is growing everything is fine. As homes are bought by first time home buyers at the bottom of the pyramid, the new money for that $100,000.00 home goes all the way up the pyramid to the seller and buyer of a $1,000,000.00 home as people sell one home and buy a more expensive home. This double-edged sword of high real estate prices and higher interest rates has priced many new buyers out of the market, and now we are starting to feel the effects on the overall real estate market. Sales are slowing and inventories of homes available for sale are rising quickly. The latest report on the housing market showed new home sales fell 10.5% for February 2006. This is the largest one-month drop in nine years.
The third reason that the real estate bubble is bursting is that the psychology of the real estate market has changed. For the last five years the real estate market has risen dramatically and if you bought real estate you more than likely made money. This positive return for so many investors fueled the market higher as more people saw this and decided to also invest in real estate before they 'missed out'.
The psychology of any bubble market, whether we are talking about the stock market or the real estate market is known as 'herd mentality', where everyone follows the herd. This herd mentality is at the heart of any bubble and it has happened numerous times in the past including during the US stock market bubble of the late 1990's, the Japanese real estate bubble of the 1980's, and even as far back as the US railroad bubble of the 1870's. The herd mentality had completely taken over the real estate market until recently.
The bubble continues to rise as long as there is a "greater fool" to buy at a higher price. As there are less and less "greater fools" available or willing to buy homes, the mania disappears. When the hysteria passes, the excessive inventory that was built during the boom time causes prices to plummet. This is true for all three of the historical bubbles mentioned above and many other historical examples. Also of importance to note is that when all three of these historical bubbles burst the US was thrown into recession.
With the changing in mindset related to the real estate market, investors and speculators are getting scared that they will be left holding real estate that will lose money. As a result, not only are they buying less real estate, but they are simultaneously selling their investment properties as well. This is producing huge numbers of homes available for sale on the market at the same time that record new home construction floods the market. These two increasing supply forces, the increasing supply of existing homes for sale coupled with the increasing supply of new homes for sale will further exacerbate the problem and drive all real estate values down.
A recent survey showed that 7 out of 10 people think the real estate bubble will burst before April 2007. This change in the market psychology from 'must own real estate at any cost' to a healthy concern that real estate is overpriced is causing the end of the real estate market boom.
The aftershock of the bubble bursting will be enormous and it will affect the global economy tremendously. Billionaire investor George Soros has said that in 2007 the US will be in recession and I agree with him. I think we will be in a recession because as the real estate bubble bursts, jobs will be lost, Americans will no longer be able to cash out money from their homes, and the entire economy will slow down dramatically thus leading to recession.
In conclusion, the three reasons the real estate bubble is bursting are higher interest rates; first-time buyers being priced out of the market; and the psychology about the real estate market is changing. The recently published eBook "How To Prosper In The Changing Real Estate Market. Protect Yourself From The Bubble Now!" discusses these items in more detail. For more information visit www.MyRealEstateBubble.com.
“Try On” Your New Home Before Buying
It’s commonplace to try on suits, dresses, trousers or shoes before buying them. People instinctively know they need to try on clothes to be sure they fit, feel comfortable and are attractive on them. What about a home? It’s probably the most expensive purchase you’ll ever make. Isn’t it even more important to “try on” a home before you purchase it?
What on earth do I mean? Well, it’s usual to look for a home in places that are convenient to work and schools. Most folks take the daily commute into consideration when shopping for a home. Why not take the daily, weekly, and even monthly activities of family members consciously into account, too?
Case Study
I once helped a young, single woman named Wendy to find and buy her first home. She worked for Geico, was rising very nicely in the company and wanted a home of her own and the tax break home ownership affords. She asked my advice about choosing, and we had a conversation in which I mentioned many of the sorts of things I’ve said here. We made a list of what mattered to her. Then we went shopping. We looked at a lot of houses. After we came out of each one, we had a talk about how it measured up to Wendy’s list.
One of the houses we looked at belonged to the young woman who later became my daughter-in-law. It was brick, all on one level, had a fireplace in the living room, and had patio doors from the master bedroom and dining rooms to an enormous deck with a hot tub. It was beautifully decorated in a sort of “pared down Victorian” style. There was a brass bed, some wicker, lots of healthy house plants, and a few Victorian pieces of furniture that were actually old, family pieces. Silver framed family photos were clustered on top of the piano.
After we emerged from the house, Wendy started down the two steps to the car and then froze in place. She had the oddest expression on her face. I asked what was wrong, and she began to look sheepish and confessed, “That house is so pretty and so nicely decorated, I just enjoyed looking at it and didn’t give any thought to how I’d live in it. I just wanted it.”
We went back inside. Wendy still admired what had been done with the house, but decided it wasn’t right for her.
Knowing what’s important to you can save costly mistakes. The process of “trying on” a house helps you evaluate what’s important. I think you’ll find it’s worth the effort.
What on earth do I mean? Well, it’s usual to look for a home in places that are convenient to work and schools. Most folks take the daily commute into consideration when shopping for a home. Why not take the daily, weekly, and even monthly activities of family members consciously into account, too?
Case Study
I once helped a young, single woman named Wendy to find and buy her first home. She worked for Geico, was rising very nicely in the company and wanted a home of her own and the tax break home ownership affords. She asked my advice about choosing, and we had a conversation in which I mentioned many of the sorts of things I’ve said here. We made a list of what mattered to her. Then we went shopping. We looked at a lot of houses. After we came out of each one, we had a talk about how it measured up to Wendy’s list.
One of the houses we looked at belonged to the young woman who later became my daughter-in-law. It was brick, all on one level, had a fireplace in the living room, and had patio doors from the master bedroom and dining rooms to an enormous deck with a hot tub. It was beautifully decorated in a sort of “pared down Victorian” style. There was a brass bed, some wicker, lots of healthy house plants, and a few Victorian pieces of furniture that were actually old, family pieces. Silver framed family photos were clustered on top of the piano.
After we emerged from the house, Wendy started down the two steps to the car and then froze in place. She had the oddest expression on her face. I asked what was wrong, and she began to look sheepish and confessed, “That house is so pretty and so nicely decorated, I just enjoyed looking at it and didn’t give any thought to how I’d live in it. I just wanted it.”
We went back inside. Wendy still admired what had been done with the house, but decided it wasn’t right for her.
Knowing what’s important to you can save costly mistakes. The process of “trying on” a house helps you evaluate what’s important. I think you’ll find it’s worth the effort.
“Renting Back” After Your Home Is Sold
Sometimes it’s helpful to sell your home before you really want to move. This often happens when you are having a new home built, but aren’t sure of the completion date. Is there any way you can sell your home so you’re sure of the funds available for the new purchase, but continue to live in your old home until construction of the new one is complete. Yes, there is with the renting back strategy.
Enter the Lease-Back or Rent-Back Agreement
The particulars of this strategy vary from state to state, but in the strong seller’s market we’re experiencing, buyers will often agree to let the seller stay in the home for a period of time as long as rent is paid. In a competitive situation, the buyer willing to do this will often have the winning bid even though there is another offer as high as his.
The agreement covering the situation states the length of time the seller will remain. It can be done with a specific date named or wording that allows the seller to remain up to a specific date with the possibility of her moving sooner. The amount can be a fixed figure paid out of the proceeds of settlement or a monthly amount, or a daily amount. It is usually, but not always, tied to the amount of the mortgage payment under the buyer’s new loan. Sometimes there is a deposit against damage, sometimes not. There is usually a clause saying the seller will hold the buyer harmless for any damage to himself or his property which occurs after the sale is consummated and before the seller moves.
The attorney who draws up your contract offer can create such an agreement. If you’re using online forms, you should be able to find one for this situation. If you’re working with a real estate broker, he or she can handle it for you.
An Example
I’ve recently seen a very pleasant example of this idea in action. An elderly widow contracted to have a one level condo unit built in a new community which provides all exterior maintenance. She had had hip replacement surgery and wanted to get away from the drawbacks of the home in which she’d reared her children. The home was large, had stairs and was located on a large, partially wooded lot with many mature perennials and shrubs. Both the home and garden were beautiful, but high maintenance.
Her contract to purchase required a series of deposits and a firm indication as to her source of funds well before settlement on her new condo. The widow put her home on the market. A young couple with two sons was very anxious to buy it. The situation was competitive. They made the widow an offer. She countered their original offer. She did not raise their offer price, which was slightly below her asking price. She did not believe the young couple would qualify for a larger loan. Instead, she did something rather creative.
The widow countered with a proposal that she “rent back” for a period of “up to” a certain date (a date beyond her scheduled competition date on the condo) in exchange for a modest flat sum to be paid to the buyer at settlement. The total rent back period was less than two months. The flat fee was less than the amount of the new mortgage payment for the buyers. However, since they made no payment on their new mortgage the first month, it wasn’t too far out of line. The couple really wanted the home, so they accepted the counter offer.
Another win, win situation was created. The widow only had to move one time and the young couple got a house they probably wouldn’t have in a straight bidding war. If you find yourself in a situation similar to either the widow or the young couple, perhaps you can work out a similar solution.
Enter the Lease-Back or Rent-Back Agreement
The particulars of this strategy vary from state to state, but in the strong seller’s market we’re experiencing, buyers will often agree to let the seller stay in the home for a period of time as long as rent is paid. In a competitive situation, the buyer willing to do this will often have the winning bid even though there is another offer as high as his.
The agreement covering the situation states the length of time the seller will remain. It can be done with a specific date named or wording that allows the seller to remain up to a specific date with the possibility of her moving sooner. The amount can be a fixed figure paid out of the proceeds of settlement or a monthly amount, or a daily amount. It is usually, but not always, tied to the amount of the mortgage payment under the buyer’s new loan. Sometimes there is a deposit against damage, sometimes not. There is usually a clause saying the seller will hold the buyer harmless for any damage to himself or his property which occurs after the sale is consummated and before the seller moves.
The attorney who draws up your contract offer can create such an agreement. If you’re using online forms, you should be able to find one for this situation. If you’re working with a real estate broker, he or she can handle it for you.
An Example
I’ve recently seen a very pleasant example of this idea in action. An elderly widow contracted to have a one level condo unit built in a new community which provides all exterior maintenance. She had had hip replacement surgery and wanted to get away from the drawbacks of the home in which she’d reared her children. The home was large, had stairs and was located on a large, partially wooded lot with many mature perennials and shrubs. Both the home and garden were beautiful, but high maintenance.
Her contract to purchase required a series of deposits and a firm indication as to her source of funds well before settlement on her new condo. The widow put her home on the market. A young couple with two sons was very anxious to buy it. The situation was competitive. They made the widow an offer. She countered their original offer. She did not raise their offer price, which was slightly below her asking price. She did not believe the young couple would qualify for a larger loan. Instead, she did something rather creative.
The widow countered with a proposal that she “rent back” for a period of “up to” a certain date (a date beyond her scheduled competition date on the condo) in exchange for a modest flat sum to be paid to the buyer at settlement. The total rent back period was less than two months. The flat fee was less than the amount of the new mortgage payment for the buyers. However, since they made no payment on their new mortgage the first month, it wasn’t too far out of line. The couple really wanted the home, so they accepted the counter offer.
Another win, win situation was created. The widow only had to move one time and the young couple got a house they probably wouldn’t have in a straight bidding war. If you find yourself in a situation similar to either the widow or the young couple, perhaps you can work out a similar solution.
It's So Easy, Being Green
With oil and natural gas prices rocketing, stoking terror of long, cold and and expensive winters, a renewed interest in keeping heating costs under control has has been sparked. Homeowner's have an ignited passion in understanding energy saving methods. If you're in this boat, stuck in cold waters, here are some tips for energy saving tricks of the trade.
If you're living in a home with a furnace that's more than 20 years old, you may have already attempted the "buy a sweater" method of keeping warm. This is certainly one approach, but these days upgrading your home's conditioning system is a much better option, and will bode well for you in the here and now, and in the long term, should you decide sell your home. More and more, homebuyers are looking for homes with energy efficient systems already in place. So, think of these upgrades as a long term investment in the resale value of your home, as well a cost efficient and green alternative to your current conditioning system.
Now, with that old choker of a furnace huffin' and puffin' away, guaranteed it's not as efficient as it could be, no matter what fuel type it uses. The newer gas furnaces are mid-efficiency (78-82%) or high efficiency (89-96%). Although the higher efficiency products can cost up to $1000 more than the mid-efficiency products, extra costs will be re-couped in a couple years, as they will burn less fuel. And, you'll be the greenest frog on the block, sending less harmful emissions out into the atmosphere. "It's so easy being green", murmured Kermit, once he upgraded his furnace.
With oil furnaces, there are again, much more efficient products on the market as of late. But, a oil furnace does need to partner with a good chimney, and so this may be an additional cost to keep in mind.
Take note, it's still the case that electric heat is more expensive than oil and gas, although a smart combination of central woodstove heat, supplemented by electric heat can be cost efficient.
Let it Flow: Change Your Filters!
Whether disposable or washable, all forced-air heating/cooling systems use filters. And, these filters need to be maintained and changed. Some filters require monthly changes while other last up to three months, and much depends on the conditions within your home. A dirty filter will restrict air flow and with clogged filters you're blocking heat that would otherwise be keeping you toasty warm. Do yourself a favor and keep on top of the regular changing of your heat filters. This is a pretty easy way to boost your energy efficiency and cut costs.
Pump it up: Install a Heat Pump
Air source heat pumps are the most common and they are generally used with a back-up heating system. In terms of function a heat pump works by extracting heat from the outside and bringing it in, (in heat mode), and by removing heat from the inside of the house and releasing it outside. ( in cooling mode).
The king of heat pumps, though, are ground and watersource, or geothermal. And while the initial investment may be great, the saving will be substantial in the long run. These pumps will use 25-50% less energy than conventional conditioning systems.
At the end of the day, another simple method to help with soaring heat bills, is to keep an eye on the set temperature levels in your house, What is normally described as room temperature is around 68 Fahrenheit (20 degrees celsius). Of course, only you can decide where to set the dial. But, if you'd rather avoid the " put on a sweater" method of winter energy conservation, you might consider investing in an improved conditioning system that'll bring you warmth today, and will be a smart investment in the re-sale value of your home.
If you're living in a home with a furnace that's more than 20 years old, you may have already attempted the "buy a sweater" method of keeping warm. This is certainly one approach, but these days upgrading your home's conditioning system is a much better option, and will bode well for you in the here and now, and in the long term, should you decide sell your home. More and more, homebuyers are looking for homes with energy efficient systems already in place. So, think of these upgrades as a long term investment in the resale value of your home, as well a cost efficient and green alternative to your current conditioning system.
Now, with that old choker of a furnace huffin' and puffin' away, guaranteed it's not as efficient as it could be, no matter what fuel type it uses. The newer gas furnaces are mid-efficiency (78-82%) or high efficiency (89-96%). Although the higher efficiency products can cost up to $1000 more than the mid-efficiency products, extra costs will be re-couped in a couple years, as they will burn less fuel. And, you'll be the greenest frog on the block, sending less harmful emissions out into the atmosphere. "It's so easy being green", murmured Kermit, once he upgraded his furnace.
With oil furnaces, there are again, much more efficient products on the market as of late. But, a oil furnace does need to partner with a good chimney, and so this may be an additional cost to keep in mind.
Take note, it's still the case that electric heat is more expensive than oil and gas, although a smart combination of central woodstove heat, supplemented by electric heat can be cost efficient.
Let it Flow: Change Your Filters!
Whether disposable or washable, all forced-air heating/cooling systems use filters. And, these filters need to be maintained and changed. Some filters require monthly changes while other last up to three months, and much depends on the conditions within your home. A dirty filter will restrict air flow and with clogged filters you're blocking heat that would otherwise be keeping you toasty warm. Do yourself a favor and keep on top of the regular changing of your heat filters. This is a pretty easy way to boost your energy efficiency and cut costs.
Pump it up: Install a Heat Pump
Air source heat pumps are the most common and they are generally used with a back-up heating system. In terms of function a heat pump works by extracting heat from the outside and bringing it in, (in heat mode), and by removing heat from the inside of the house and releasing it outside. ( in cooling mode).
The king of heat pumps, though, are ground and watersource, or geothermal. And while the initial investment may be great, the saving will be substantial in the long run. These pumps will use 25-50% less energy than conventional conditioning systems.
At the end of the day, another simple method to help with soaring heat bills, is to keep an eye on the set temperature levels in your house, What is normally described as room temperature is around 68 Fahrenheit (20 degrees celsius). Of course, only you can decide where to set the dial. But, if you'd rather avoid the " put on a sweater" method of winter energy conservation, you might consider investing in an improved conditioning system that'll bring you warmth today, and will be a smart investment in the re-sale value of your home.
Don't Sell Your Property Without It
For most people, the prospect of selling their home can be positively daunting. First of all, there are usually plenty of things to do just to get it ready for the market. Besides the traditional clean-up, paint-up, fix-up chores that invariably wind up costing more than you planned, there are always the overriding concerns about how much the market will bear and how much you will eventually wind up selling it for.
Will you get your asking price, or will you have to drop your price to make the deal? After all, your home is a major investment, no doubt a rather large one, so when it comes to selling it you want to get your highest possible return. Yet in spite of everyone's desire to get the top dollar for their property, most people are extremely unsure as to how to go about getting it. However, some savvy sellers have long known a little financial technique that has helped them to get top dollar for their property. In fact, on some rare occasions, they have even sold their properties for more than they were worth using this powerful financing tool. Although that might be the exception rather than the rule, you can certainly use this technique to get the most money possible when selling your property.
Seller carry-back, or take-back financing, has proven to be a surefire technique for closing deals. Even though most people do not think about when it comes to selling a property, they really should consider using it. According to the Federal Reserve, there are currently over 100 Billion dollars of seller carry-back (seller take-back) loans in existence. By any standard, that is a lot of money. But most importantly, it is also a very clear indication that more people are starting to use seller take-back financing techniques because it offers many financial benefits to both sellers and buyers. Basically, seller take-back financing is a relatively simple concept. A seller-take back loan is created when a property is sold and the seller performs like a lender by assisting in financing all or part of the total transaction. In effect, the seller is actually lending the buyer a certain amount of money toward the purchase price, while a traditional mortgage company usually funds the balance of the purchase price. A seller take-back loan is secured with the property. The loan then becomes the primary mortgage and is fully secured by the property. In most seller take-back financing transactions, the buyer repays the seller with interest in accordance to mutually agreed terms over a period of time. Usually, the terms call for the buyer to send the payments, consisting of principal and interest, on a monthly basis. This is advantageous because it creates a steady monthly cash flow for the note holder. And if the note holder decides to cash out, he or she can always sell the note for a lump sum cash payment.
Regardless of market conditions, seller take-back financing makes sound financial sense; whereas, it provides both buyer and seller with flexible financing options, makes the property easier to sell at higher price and shortens the sales cycle. It also has the added advantage of being an excellent investment that generates a steady cash flow and high return. If you ever need immediate cash, you can always sell the note through our office. If you are planning to sell a property, then consider the many benefits of seller take-back financing.
Will you get your asking price, or will you have to drop your price to make the deal? After all, your home is a major investment, no doubt a rather large one, so when it comes to selling it you want to get your highest possible return. Yet in spite of everyone's desire to get the top dollar for their property, most people are extremely unsure as to how to go about getting it. However, some savvy sellers have long known a little financial technique that has helped them to get top dollar for their property. In fact, on some rare occasions, they have even sold their properties for more than they were worth using this powerful financing tool. Although that might be the exception rather than the rule, you can certainly use this technique to get the most money possible when selling your property.
Seller carry-back, or take-back financing, has proven to be a surefire technique for closing deals. Even though most people do not think about when it comes to selling a property, they really should consider using it. According to the Federal Reserve, there are currently over 100 Billion dollars of seller carry-back (seller take-back) loans in existence. By any standard, that is a lot of money. But most importantly, it is also a very clear indication that more people are starting to use seller take-back financing techniques because it offers many financial benefits to both sellers and buyers. Basically, seller take-back financing is a relatively simple concept. A seller-take back loan is created when a property is sold and the seller performs like a lender by assisting in financing all or part of the total transaction. In effect, the seller is actually lending the buyer a certain amount of money toward the purchase price, while a traditional mortgage company usually funds the balance of the purchase price. A seller take-back loan is secured with the property. The loan then becomes the primary mortgage and is fully secured by the property. In most seller take-back financing transactions, the buyer repays the seller with interest in accordance to mutually agreed terms over a period of time. Usually, the terms call for the buyer to send the payments, consisting of principal and interest, on a monthly basis. This is advantageous because it creates a steady monthly cash flow for the note holder. And if the note holder decides to cash out, he or she can always sell the note for a lump sum cash payment.
Regardless of market conditions, seller take-back financing makes sound financial sense; whereas, it provides both buyer and seller with flexible financing options, makes the property easier to sell at higher price and shortens the sales cycle. It also has the added advantage of being an excellent investment that generates a steady cash flow and high return. If you ever need immediate cash, you can always sell the note through our office. If you are planning to sell a property, then consider the many benefits of seller take-back financing.
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