Category Archives: Finance & Insurance

The Listing Price for Your Property

As a property owner, you want to get the highest possible price for your property. However, setting an unrealistic price will deter buyers. Your property can be located on the intersection of a motorway and an airport runway and it will still sell if it is priced correctly. If the price is too high, most buyers won’t give it a second thought, which is why you want to determine the listing price carefully.

Setting the right listing price will also attract more potential buyers to your property as well.  You’ll also notice an increase in response from real estate agents, and receive more calls about the property.

The value of your property can depend on factors such as:

  • The state of the market
  • Current interest rates
  • The type of property
  • The sold prices of similar properties in the area

The best way to price any property for sale is through a full real estate appraisal done by a licensed appraiser. Many sellers ask two or three agents to get an idea. In addition, you can find out about the cost of houses locally by looking at local papers.

It is normal practice for a potential buyer to offer a lower price for the house than the seller is asking. You might therefore want to allow for this by setting your price a little higher than the amount you would like to get.

You should also decide in advance if you are prepared to include any extras in the sale, for example, furniture. A price for these can be included in the asking price or a separate price can be asked in addition.

Personal Loans for Bad Credit

There are many reasons people have bad credit. It can be that they have been reckless with their money and finances. Bad credit can be the result of a death in the family resulting in loss of income. Layoffs or getting fired from a job often come without warning. Medical emergencies also lead to bad credit as can divorce. Regardless of the reason a person has bad credit; they are still going to need to apply for a personal loan at one point or another.

Bad credit affects more than just your credit card and loan approval and interest rate. Insurance companies use a form of your credit score to give you an insurance rate. Some utility and cell phone providers charge a security deposit on applicants with bad credit. Personal Loans give you the ability to consolidate debt, improve your home or pay off credit cards, even with bad credit. However, the worse your credit is the harder time you will have getting a personal loan with decent rates.

There are two types of personal loans, secured and unsecured. Unsecured personal loans mean no collateral is needed to secure the loan. Having no credit or poor credit is a major stumbling block to getting this kind of loan because you’re viewed as a high risk customer. The forms of collateral accepted include vehicles, property, and other tangible items. The collateral has to have a value sufficient to cover the balance due on the loan.

There are many lenders willing to give people with poor credit a personal loan, but with a much higher interest rate. Take it in stride and look at the positive side of things. Getting a personal loan can help you rebuild your credit. Make sure you pay the payments on time. To save on the interest you pay, consider sending extra payments whenever you can.

Be cautious when applying for a personal loan online. There are scam artists out there who prey on those in need of a personal loan, especially if they have bad credit. Never agree to pay any processing fees or other types of payments. It is against the law under the Federal Trade Commission for any lender of personal loan funds to ask for processing fees. It is important to check out the lender with the Better Business Bureau. If you are suspicious of anything, do not move forward with the loan process.

Don’t forget to check with the smaller lending companies. Most large lenders are very impersonal and base your eligibility on a computer generated decision. Smaller lending companies are more likely to take the reasons for your bad credit into consideration along with other factors. If you can establish that you are responsible and that you have income sufficient to repay the loan, then this may be the opportunity you have been hoping for.

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