Avoid that the performance of their investment is affected by an uninformed decision.When you think about selling or renting a property maybe a concern that comes to mind is how to set the right price. Get all the facts and insights with John Savignano, another great source of information. In this note I present some suggestions to take into account that they will help you determine the correct price for your property. It is of utmost importance to establish an appropriate price if we are to achieve the desired results in a reasonable time, if we locate our expectation well above the safe market indicators we won’t even visitors interested in learning about the property, if on the contrary we are located below, it is feasible that we are leaving to receive commensurate with our investment yields. Then do as establishing the right price? Firstly, it is advisable to seek the opinion of a specialist, do not hesitate to consult or hire an expert apraisser, this will allow you to get an idea very close to reality regarding the estimation of the value of your property. Well worth paying for the information you get, you It will be very useful as a reference, but it will not be enough. In second term, also is convenient to visit other similar properties that are sold or renten zone, find out about the operating conditions they offer, compare (State, size, location, features, etc.), develop a simple listing and get unit prices per square meter, range and average.

This is to do market research, meet the competition. Third, update your investment amount by applying the factors of inflation, incorporating the improvements we have made to date to determine the current value. The data will serve as a reference to compare with the prices obtained previously, since differences against might be justifiable for the deterioration, antiquity and an unfavourable environment of property (disability); and the difference in favor by capital gains would tell us if it is reasonable. If your idea is to rent, investigate your local market, usually sets the amount of monthly rent as a percentage of the total value of the property that it can be located between.5 and 1%. Housing gives a factor differentiated for the residential, another for the media and a third for the social, which varies according to the region and since then to supply and demand. Finally, don’t forget that your prospects will try to perform a negotiation about the asking price down, therefore it is convenient to define it estimating a margin for this purpose. In this sense there are no certain rules and the discount percentage may vary between a 5 or 10%, major factors would generate uncertainty and doubt in your potential customer. Remember that who is going to buy or rent a property always expects to feel the satisfaction that made a convenient negotiation. Be prepared with serious and forceful arguments.

It is a fact, the economic crisis is global and has reached all corners of the planet and it is affecting all areas and economic sectors, including, of course, the real estate sector. However, just as they are varied causes of the economic environment that we are experiencing, there are also several factors to consider that they leave to see a light at the end of the tunnel, by smaller that is. Let’s look first at the main causes of this housing crisis. Home we can pinpoint the collapse of mortgages in the United States as a main culprit. The so-called subprime mortgages, aimed at customers with limited solvency, so the risk of default is much greater than any other credit.

This made accessible the speculative buying and selling to markets which normally not could even acquire their own home, much less be investing money he didn’t have in real estate. Besides that such speculation was accompanied by a great leverage, that is, financed by mortgages that, to the sold, were cancelled to buy another house with a new mortgage, without financing both operations via a bridge hipteca. Said in simpler words, buyers invest imaginary money hoping to get real gains. This frenzy of real estate investment led to an increase unprecedented demand, and thus, an elevation in the overvalued prices, and therefore debt. Which, in turn, resulted in the uncontrolled growth of supply, causing the increase of construction projects, residential condominiums, houses, etc., saturating the market with properties at prices over inflated and unrealistic and exceeding the demand that previously exceeded it. To these causes we could add even more, as globalization that affects not only the real estate market, but virtually all markets, ending with small and medium-sized enterprises which are engulfed by the large transnational consortiums.

And are these same large consortia who have saturated the market items produced in series and in such quantity that it has exceeded the demand of consumers, while they insist (and to some extent they have done it successfully) in becoming a consumerist and pragmatic society where it only has what you have and how much you have, buying regardless if is necessary or not. And could continue with more causal, but me forwarding the topic. Now let’s look at the factors that can help us to cope with the current situation and achieve crossing the tunnel.