When you go to sell your home, if you’re like most people, you’ll hire a real estate agent to help you. They’ll come over to your home and do what they call a listing presentation. The listing presentation is where they tell you all the things they’ll do to market your home, what they think your home is worth and how much you’ll pay them (customarily 6% of the sales price) when the home sells. And if they’re like most agents, sometime during their listing presentation they’ll point out that the objective is to sell your home for the highest price. But that’s not true. It’s a lie. Actually it’s a sequence of lies.
The sequence goes something like this: what you want, Ms. home seller, is to sell your home for the highest price. The only way you can guarantee that is to hire a top notch real estate agent (i.e., me). And the only way to do that is to pay the full, customary commission.
Anyone that works in finance will tell you the immense power of leverage. Leverage is basically taking more money than you have to boost your profits in an investment. You can have someone either lend you money or invest in your venture and have more cash working for you than you can afford by yourself.
Using leverage like this works well for relatively stable investments like real estate. Buying a house and flipping it for a profit is more clear cut for most people than investing in stocks, bonds or commodities.
And the lender of choice for most people is a bank. The mortgage industry, however, isn’t what it used to be and after the last financial crisis banks have gotten pretty risk averse when it comes to making loans out to individuals.
Your chances of getting a bank loan may be reduced by certain aspects of your career and credit history and that’s where you may have to turn to private lenders.
Vacation is a great opportunity to visit new places and spend quality time with your friends and family. There are many reasons that justify going on a vacation. Vacation refreshes your mind and soul. Vacation improves mental health, relieves stress, increases productivity, strengthens family ties and allows you to do things that you enjoy the most.
Planning vacation does not only count booking luxury hotel or selecting a destination, but also analyzing bank balance to help you decide whether or not you should travel. But what if your bank account isn’t ready. You need to take effective measures to cut down your daily expenses and save money for the vacation. Read the following creative ways.
If you run a business, you wear many hats. You might be in charge of everything from invoicing to marketing and financial planning. One of your tasks is writing. You need to create material for your website, blogs or articles to showcase your knowledge within your industry, and letters to potential clients. If improving your writing skills is the last thing on your mind, these online tools can offer some helpful support.
It’s that time of year when love is in the air. As Valentine’s Day quickly approaches, our thoughts turn to matters of the heart and questions about how to celebrate the day without breaking the bank. Lucky for you, we have some excellent ideas to make this Valentine’s Day a frugal and festive event. Cue the violins…
The foreign currency markets are incredibly volatile, and this means that there is a lot of opportunity for savvy traders to make a profit. However, there are also plenty of opportunities to make a significant loss too. If you want to learn forex trading, then you must understand that even the best traders can and do lose money, so you must only trade with money that you can afford to lose, and you should keep some money in reserve to allow you to trade for a few days even if you are on a losing streak.
At the moment, CFD trading is gaining popularity in some countries as it is less risky endeavor. But if you keep in mind that there are two approaches to forex trading and stay disciplined, you can make a profit. These two approaches are technical analysis and fundamental analysis. The best way to learn forex trading is to look at both of these separately, and then integrate them into a sound, logical and reasonable approach to trading.
They say that moving homes can be one of the most stressful experiences you will ever go through in your life – but moving can not only cause stress for the body and mind, it can also place huge strains on your bank balance (and this is after you’ve purchased your new home).
In this article, I will cover nine steps to ensure that the financial burdens of moving are lessened and your bank account can breathe a sigh of relief.
Any type of business, irrespective of their credit scores, can get merchant cash advances through various companies. Small business loans are loans that are provided by banks and other lenders, and guaranteed by the Small Business Administration (SBA). Since there’s a government guarantee in the event of default, banks and other lenders often give out such loans that they wouldn’t have otherwise given.