Debt Collection Articles Archives

Debt Consolidation To Get Out Of Debt

Originally posted 2011-12-04 01:14:59. Republished by Blog Post Promoter

Your debt consolidation is not complete until you have negotiated the debt that you owe. You are not trying to get out of it without paying, mind. You are merely telling them you will pay in other terms. Just make sure that they see how they will benefit from that too.

What you owe might be a lot, but with debt consolidation you can totally handle it. I know you feel panicky about how it is all going to work out, but you should try cooling down and watching things objectively for a while. All you have to do is find a firm that is willing to work things out with you, and your debt consolidation can be through that easily. The credit card debt phenomenon is in part caused by the wave of consumerism hitting the nation. People love to shop till they drop and that act tends to translate into mindless money spending that leads them into debt. Even though it is hard to be prudent with cash in the consumer based nation, you can, with a little bit of will power.

Never underestimate the power of negotiation. I know it is not easy to stare into the eye of the hungry debt consolidation company representative when the offer they just laid on the table seems the best you will ever get, but you have to still try. Instead of caving under the pressure of your various loans, try debt consolidation. You?d be surprised how much you can get away with.

Debt consolidators arrange a meeting with your creditors as soon as your loan is approved and negotiated at a lower interest rate. Debt consolidation affords you the chance to get a loan for a cheaper interest rate and to pay off your debts in good time.

I know you have heard of debt consolidation, and I know you are a bit skeptical. It seems to you like a path that leads to more debt. In truth, it is a way to get out of it; you only need to consider it from the right angles.

If you’d like more information on debt elimination plans, stop by Paul William’s get out of debt site for more effective tips.









Become Debt Free

Originally posted 2010-04-05 07:59:23. Republished by Blog Post Promoter

Copyright (c) 2010 Sherry Tingley

Are you sick of your debt? Do you have the right strategies in place to whittle down your debt so that it is once again manageable?

Whether your debt is caused from overuse of credit, unexpected medical expenses, a job loss or emotional credit card spending, getting your debt under control is crucial.

You might think that if you are well educated your problems are minimized. That is not true. Take the latest story from Oprah’s Make Me a Ten Makeover and you will see why.

Tisa McGhee, 39 years old, a single mother with two small children, has two master’s degrees and a PHD. With two degrees and a PHD, Tisa still had struggles managing her debt. Several incidents brought her to the place where she felt she needed outside help.

Although Tisa had a job making $76,000 a year, she began to have problems because of an adjustable interest rate on her mortgage that went from 7.2 percent to 10 percent, a car accident when she carried no car insurance, rising student loans that were used to cover living expenses, a divorce that resulted in overspending for emotional reasons and finally a job loss in August of 2009.

To help Tisa, Oprah sought out advice from Michelle Singletary, a financial columnist for the Washington, Post. Singletary said, "It’s common for smart people, just like Tisa, to make bad decisions and end up dealing with multiple problems—excessive debt, job loss, a costly divorce—all at once."

There were two strategies developed as a recovery plan. Both short term and long term plans were suggested to get Tisa back on her feet. The plans really can help anyone manage their debt better, so we will discuss these strategies in hopes of helping you get closer to your financial goals.

Debt Management – Short Term Plan

1. Stick to a budget and find out where you can cut back expenses

2. Stay on top of your mortgage payments

3. Stop making extra debt payments while unemployed

4. Get financial counseling from National Foundation for Credit Counseling

Debt Management – Long Term Plan

5. Stop using shopping as emotional therapy to make you feel better

6. Save to buy a used car and pay cash for it

7. Aggressively pay down debt

8. Pay down student loans

9. Build your business

According to Citigroup, "Millions of Americans face the risk of foreclosure every year. " If you are facing that problem, you can seek help through online personal financial advice about your debt management strategies.

Seeking help in getting your finances under control is not something to be ashamed of. If you need help, use the resources available to you to get you back on track.

Each new day that we live we have to make the same types of decisions. You decide to eat based on what you feel is best for your body. You also decide over and over again during just one day whether you can afford to spend your money on something you want or to reduce your debt.

If you will use these strategies as faithfully as you regulate any other area of your life, you can enjoy long term prosperity.

Learn to manage your personal finances better at http://www.coolchecks.net/blog . You can help yourself by following a budget and organizing your life. You can order your personal checks at http://www.coolchecks.net and save yourself some money.

Article Source: ArticleSpan

Originally posted 2012-04-21 23:04:05. Republished by Blog Post Promoter

For some finding the extra money to repay bills or maintaining repayments can be quite challenging. This is particularly so as increasingly more people are losing their jobs and then finding it difficult to acquire a new job. Businesses are suffering too because there are less people buying products because they have no cash.

This can lead to increasingly more financial debt for the individual or company, which often can mean that expenses to the IRS will also suffer and they end up in obligation with them, which can be very distressing for all relevant parties. You will find an approach to this and that is to find the advice about irs tax debt relief.

By using a specialized lawyer or specialist in the field may help people to get out of this obligation and to begin paying back the money that is owed. They will also help the person, by taking off the anxiety and also the strain this causes, and of course the IRS standing on their back, as they will attempt anything to acquire their cash, from frequent letters and even to very unwelcoming calls.

The person might even see that by using a lawyer they might be able to reduce the amount payable to the IRS. This is simply because there are more and more people that owe some money to them, they are very happy to accept some kind of payment instead of absolutely nothing. This considerably aids individuals who are desperate for the cash to pay the tax back. You will find a few programs that the IRS offer to help people settle some if not all of the monies due, and an expert lawyer knows concerning theseand be able to advise which is going to be ideal for you and set this forward to the IRS. They should then check out the person’s case, considering the finances they actually have and also what exactly is to be compensated, and workout a good payment plan.

The person may employ a professional lawyer to aid them, or they may prefer a tax payer advocate service, or they may decide to try and get it sorted out by themselves and interact with an IRS assistant. Obviously using a more professional person can help the individual in different options than a single, they can handle the matter on hand, removing the various pressures from the person, they understand the laws and can assist to obtain your repayments reduced and could help the individual with greater communication of what is happening with their own case.

Doing work direct with an IRS assistant on your matter might help you save a bit of cash in not having to get a professional, yet it can be difficult going. They should certainly understand the regulations and the rules, but it has been known that based on the skills and characteristics of the assistant depends on how quickly and great they can work for you. Also, they are under lots of strain and could deal with several individuals or businesses at one time and so their full focus will not be to one individual, meaning mistakes can be done or overlooked.

Credit Debt Elimination 101

Originally posted 2010-03-11 18:34:48. Republished by Blog Post Promoter

You see something you like and you do not have the cash for it so you charge it to your credit card.

Nice clothes, a drink with a good friend, some fast food on the road, you always thing these little to moderate charges on your credit card won’t cause harm.

This happens not once, but a few too many times and what does that leave you with?

A whole bunch of things you really do not need and a mountain of credit card debt.

Fear not! Following this simple steps will help you to eliminate your credit debt as quick as possible!

Eliminating your credit card debt is all about managing expenses so you will need to stop bad spending habits if you want to succeed.

Do some research, find out how your money is spent, and study your spending habits.

This is a key element to passing this plan. Once you know about your spending habits you know what to look out for!

While you’re trying to get out of debt, minimize spending,ask yourself twice when faced with buying something.

Do I need this? or Do I want this?

You lived this long without that item so it can wait until you have fix your debt problems. You could treat yourself with it once you succeed!

Guilt trips are a handy way of restricting your expenses. Before you know it you will be putting more things back on the racks than ever before and you will have a lot less clutter at home.

Paying your debts back is the other key to eliminate credit debt. Find out how much you owe. If you have multiple credit cards sort through them and start paying off the one that is charging you the highest interest. This way you pack back as little as you have to since the interest will not accumulate.

Increase your savings and make payments as often as possible. The quicker you pay off your debt the more money you save.

Since you have researched yourself, you will know where you spend too much and therefore be alert when in such a situation.

Keep your goal in mind. You need to get out of debt. You could end up without a place to stay if your bills do not get paid. You will do just fine without a new pair of converses.

Think like this and you will soon pass this credit card debt elimination program with flying colors.

Bary is one of the persons you can rely upon their advice when it comes to debt management and credit card debt elimination, why? Simply because he gone through this nightmare before, and know what it means to live under the endless pressure of debt. Read more of his insights and tips on his site: http://DebtReliefAlert.com

Article Source: ArticleSpan

Originally posted 2012-02-08 01:58:39. Republished by Blog Post Promoter

For individuals that are searching for instant credit card approval, why hold off until the mail comes? For individuals who are searching for one way to secure credit quicker and in a less difficult approach, instant approval credit cards stands out as the great selection. Just what are these credit cards and just how do you become involved in obtaining them? Actually, it is quite simple to benefit from these types of services. Moreover, virtually all credit card agencies are generally offering this support.

Just What Is The Service?

Instant approval credit cards are basically what they seem like. They are a chance for you to ultimately key in your personal details and then to receive the benefit from having an instant response. You will definitely know within a few minutes, most of the time, in case you qualify for the credit from the start. This enables you to get answers quickly rather than waiting around days or even weeks to get an answer in the mail. This can be a good way for you to secure the credit you’ll need now so as to gain immediately from it.

How Does It Function?

Securing instant credit card approval is easy to do. In other words, you need to simply provide your personal details. Among the most popular strategies to accomplishing this is by using an instant credit card approval on the internet. This enables you to perform all of the work on the internet, scaling down the hassle and the time a lot more so. All you should do at this time is to input your personal details straight into the system. Then, the computerized network will pull up a credit history for you, take advantage of the details offered there, and make up a decision about whether to supply you with credit or otherwise not. You’ll get a response straight away.

How Could I Work With This?

There are various ways that you can use this kind of support. To start with a lot of people which are searching for credit will still be getting credit card applications on their mail. If you receive one of such offers from the mail, it is quite straightforward for you to profit from them. Basically, you will be able to look at these messages, see whether the credit card deal is the right one for you and then use the internet to acknowledge the offer they have presented to you. Usually; these types of credit mailings aren’t assured if you do meet the criteria or otherwise not. They are usually a pre screening technique. Whatever the case, you will need to insure that the actual credit card offer is what you want it to be. Lastly, you will be able to get instant credit card approval online by simply entering your data on the net.

One more typical method to acquire the instant credit card approval which you are right after is to merely go on the web, try to look for credit card offers from several merchants and then to apply for the credit card. There are numerous ideal internet sites developed which can provide you with excellent offers for various credit cards. Drop by and come up with the choice as to which could be the perfect offer to suit your needs. Enter your personal details. They’ll then do a credit check, quickly, and come back with a deal available for you. You possibly can take the offer and acquire your credit within a few minutes.

It Is An Opportunity

Instant credit card approval opportunities are an excellent tool to acquire. Not every credit card businesses can provide for instant approval, but most do. However, the buyer need to realize if they are obtaining the offer that is certainly right for their requirements. And then, they can acquire the credit that will help to boost their lives, enable them to obtain the thing important and it will let you benefit over and again quickly. The instant credit card approval on the internet is a way to get what you look for immediately.

To make a decision if a Student Credit Cards certainly is the correct solution for you, Robert Alan recommends that you simply visit CreditCardAssist.com

Searching for a Credit Repair Business

Originally posted 2010-12-11 01:18:37. Republished by Blog Post Promoter

There are far too many controversies in regard to the credit repair business to disregard it. In fact, the reason that people who could benefit from the services of a credit repair professional but do not do so, is the “bad rap” the industry has gotten.

At the same time, it’s unfair and untrue that all those who repair credit are dishonest. You will also find professionals of high repute who will work very hard to restore your credit to “good health.” But the problem is how to determine which companies are trustworthy how to go about staying away from companies that are fraudulent.

Contrary to common belief, spotting a deceitful credit repair business is not that difficult. The first sign of danger is when such an agency purports to fix your credit score in a very short time

Because your credit history was formed over the span of many years, it’s just not possible to improve your credit score overnight. As soon as any credit repair business promises what you know is not possible, you should “dump” them, because they are clearly dishonest!

There are additional issues you need to watch for that will spell trouble. The scammers, most always, will demand full payment from the beginning.

It is illegal for a credit repair company to charge the fees before rendering any services. No matter how bad your credit report is, do not pay in advance of any services being rendered.

A less-than-reputable credit repair business is more than willing to use illegal methods. They may in fact recommend illegal tactics and try to convince you that it’s perfectly OK, since they have somebody on the “inside” in the credit bureaus who can cover up for them and you.

Don’t think for a moment they’re telling the truth! Do not encourage or accept any means to fix your credit unless it’s 100 percent legal. Regardless of how desperate your problems are, they will become much worse if you go outside the law to try and improve your situation.

If illegal means are used to improve your credit, you are the person primarily responsible; thus you stand to be prosecuted for breaking the law if you’re caught. Everything considered, it just isn’t worth risking it!

An additional way to know whether or not the credit repair business you’re considering is honest, is to ask that they counsel you in understanding the nature of credit repair. A respectable company will happily afford you advice and guidance in your endeavor to understand more about credit improvement.

A reputable company will take the role of a facilitator, while a fraudulent company will be reluctant to provide information concerning the credit repair process.

Originally posted 2010-02-07 05:29:18. Republished by Blog Post Promoter

It’s not difficult to carry out debt settlement negotiations yourself, but it’s quite often best to have a third party do it for you, and the best credit counseling agencies will often do it for you for a very low price.

There are lots of good, and even excellent debt settlement companies of course, but there are also a great number of bad, to very bad ones, and if you end up with one of those, you’ll not only spend a lot of money, but you might get next to nothing in return.

If you’ve already decided that the debt settlement route is the way to go, then I’d recommend either going with a BBB (Better Business Bureau) affiliated credit counseling agency, or doing it yourself.

The biggest problem that most people face when carrying out the negotiations themselves, is their mindset, and they often don’t understand that what’s good for them, is often not what’s good for the creditor.

Below Are 6 Pointers That Should Help You Negotiate With Creditors.

1) If you believe that you can bully a lender into lowering his interest rate and eliminating legitimate fees then you’re mistaken.

Despite what you might have read or heard, creditors aren’t required to help you, and the best way to deal with them is in with a calm, positive, and straightforward approach.

Do your best to create as positive an impression as you can, because it will bring about the best environment for negotiations.

2) Do your homework before you phone a creditor.

Try to see the negotiation from the creditor’s point of view, and write down all the questions that he’s likely to ask, and then think about all the possible replies. The worst thing that you want to happen during the call is that you become flustered or frustrated, and appear to be groping for answers. Be prepared to counter any unhelpful plan that the creditor suggests, but do so in a helpful and constructive way, and if you can offer any creative ideas that will leave the door open for future discussions, then so much the better.

3) Don’t expect the lender to be particularly sympathetic about your situation.

You got yourself into your present situation, and what you’re wanting to do will cost him money, and maybe a lot of it. Bear in mind that the person that your talking on the phone to has already heard every sob story in the book, and launching into yours will most likely just cause him to roll his eyes, and mentally disconnect. Stick to the facts and offer something tangible, something that makes business sense and will convince the lender that by helping you, he’ll be helping himself.

4) Try to negotiate as near as possible to the end of the lender’s fiscal month.

A fiscal month normally consists of full seven day weeks, and the most commonly used system by most companies is the 4-4-5 calendar. This means that the first two months of a quarter have four weeks and the last month has five weeks.

The reason for wanting to negotiate as near to the end of the month as possible is that most creditors much prefer to resolve outstanding issues before the first day of their fiscal month. It’s something which enables them to keep their bill processing clean throughout their bill consolidation process.

Don’t be in a hurry to play the bankruptcy card.

It might well force the creditor into making concessions, but it will also completely change the atmosphere from one of cooperation, to one of confrontation.

If the lender tells you to go ahead and file for Chapter 7, then you’ve most likely lost all chances of future negotiation with him.

Bankruptcy might of course be your best answer, but it will also destroy your credit rating for around seven years, and you should only consider it as a last resort.

6) Before threatening bankruptcy, it might be a whole lot better to remind the lender that the whole bureaucratic process of debt recovery is both time consuming and expensive, and mention that it most often leads to debt negotiation.

Tell him that you’re more than ready to compromise right now, and ask him to please reconsider. Suggest that perhaps it would be better to reach an arrangement sooner, rather than later.

The author of this article was a film producer, and award winning film sound editor for many years. One of his primary interests is economics, and one of his websites -> http://get-financial-help.org is for people with bad credit that need a loan. The cost of an extended list of lenders is extremely small, and anyone not getting a loan within 60 days gets a full refund.

Article Source: ArticleSpan

Originally posted 2010-03-02 00:29:25. Republished by Blog Post Promoter

Now you’re probably wondering how you’re going to reduce debt by paying the minimum and not the maximum. I can understand that but bear with me and I’ll explain. There are three crucial strategies that make this debt reduction plan work.

First strategy is to find a bit of extra money in your budget somewhere, let’s asssume you’ve found $50 a month. Second thing is to apply the minimum payment rule to your nasty old credit cards (debt cards) and store cards. Third strategy is DO NOT USE YOUR CREDIT CARD AT ALL. Ask yourself, is this about reducing debt or creating debt, yes it’s about reducing debt. Remember if you don’t have the cash then you can’t afford it.

Alright, you’ve got your $50 a month to put towards debt reduction, now we want to show you how to reduce debt, so let’s create an imaginary person and let’s call her Sue. (Wonder why I thought of her?). Sue has three credit card debts, $4000, $3000 and $1000, and a $2000 store card that she’s paying off. So how on earth is $50 a month saved from, in Sues case, careful food shopping going to help her reduce debt?

Simple answer is Sue is going to take that $50, add it to the minimum ($50 is 5% of $1000), payment of her smallest debt, $1000, and pay the new total of $100 every month until the debt is reduced, then gone completly. She’s going to stick with her current minimum payments are on her other cards, she’s not going to pay the reducing minimum that the credit card company calculates each month. Some credit card companies charge a minimum of 3% – the rats – they’re just doing that to trap you longer, don’t fall for it.

OK, so on this debt reducing plan that first $1000 is going to take 10 months to pay, but then it’s gone for good. Sure we haven’t included interest charges, so let’s add another month to the payment time to allow for that, so eleven months. Remember Rome wasn’t built in a day, and your debts won’t be gone in a day either, but you’ll begin to see the plan come together in this next step.

Reduce Debt – Reduce Debt – Reduce Debt

Now Sue’s going to take the $100 she was paying on that $1000 credit card and pay that on the next smallest debt. That would be the $2000 store card, which after 11 months of original minimum payments of $100, now has a balance of around $1000 (I’ve added an extra $100 for the interest just to keep it simple). So card 2 with its new balance of $1000 is now being paid off at the rate of $200 a month, the original minimum which was $100 at the start of the whole process, and the additional $100 from card 1. So this card will be paid off in 5 months.

Let’s move on to ‘debt card’ 3. Now this started with a balance of $3000. Original minimum payment of $150 a month for 16 months (11 to pay the first card and 5 to pay the second) will have reduced the outstanding amount to $1600. So now Sue will take the $150 original minimum she’s been paying for the past 16 months and add the $200 she was paying on card 2, so $350 a month in total. So 4 and a bit months to pay this off, let’s call it five.

So let’s review. 21 months of this debt reduction plan have gone by, a total of $6000 has been paid off. What happens when Sue attacks the next debt of $4000? After making the original minimum payment of $200 for 20 months it’s nearly paid off, let’s add two months of payments to allow for interest. So in 22 months she has reduced debt by $10,000. Brilliant!!

But is this so great, wouldn’t Sues debts be paid off if she had just continued to pay the minimum on her cards anyway? Well no, she wouldn’t be much better off and the reason for that is that the minimum payments of 3-5% that the card companies charge are not for your benefit. Paying down debt like this makes debt reduction an almost impossible task for you. You will remain a payment slave to the ‘debt’ card companies forever! Take the $2000 credit card payment Sue had, if she had continued to follow the ‘debt card’ companies debt reduction technique and paid the minimum on that card she would still be paying the card off 30 years later. Yes you heard right 30 years!! This is not a great debt reduction plan is it? And she’d have paid over $8,000 in interest alone. That’s at 19.8% which is at the low end for this type of credit.

How long do you think those other loans are going to take? Quite simply if you stick with the minimum required to reduce the debts on your cards you’ll still be paying them when you’re collecting your pension. In fact your pension will be paying them. So stop creating debt and start the repairs to your financial health by reducing debt starting today. Good Luck.

Sue Young of income-while-you-sleep.com has coached many people in the skills of ‘How To Reduce Debt’, she knows that increasing income packs a powerful punch in this process. To learn how you can earn 5 separate income streams visit Income While You Sleep, and to find out more about debt free living visit Kill Debt Now.

Article Source: ArticleSpan

Originally posted 2010-12-10 02:22:31. Republished by Blog Post Promoter

Choosing the best legal debt relief to get your finances back on track can seem to be to be a challenging endeavor. Wherever will you go? Whom do you utilize? It may possibly look like lots of work and the route to credit debt can be a slick downward slope that is definitely much too simple to fall down. Recognizing the best way to carefully get relief can mean the main difference somewhere between living a satisfied and free from debt life again or continually dreading the debt collector calls. In spite of how impossible having your credit debt under control may seem, there is certainly hope.

With respect to the form of debt you have accumulated you’ll be able to consider a variety of routes to try to deal with it or “get a hold” on it. For example it is possible to go the very non-intrusive way of debt consolidation and try to arrange your charges into uncomplicated, reasonable monthly payments. Should you have credit debt that is somewhat unmanageable and you need to reduce or totally remove it there’s also the possibility of negotiation and in conclusion, there’s the feared personal bankruptcy solution as well.

Obtaining legal debt relief assistance is hands down the best way to settle your situation with your credit card companies if it gets to that point. Via way of a settlement you’ll be able to settle the conditions of your debt reduction (or elimination in some instances) and then start monthly payments to deal with paying off the remaining credit debt. This can be a most effective path to go if you’re working with significant credit debt and growing collection agency telephone calls.

In the event that you consider going the road of a negotiation, which many people do, you’ll need authorized assistance to guide you through the procedure most likely. It is very challenging to go through the negotiation method all on your own if you lack the knowledge or background know-how necessary to obtain results and get rid of your credit debt. Since you intend to work out a reduced total credit debt with your credit card companies, it is great to have somebody on your side who knows what they will be carrying out and will receive the best results. For this reason many folks turn to legal debt relief support when they’re caught up in a big financial hole.

Settlement is always the initial most suitable choice for helping to seize control of your credit card debt, but there is also personal bankruptcy. As you should do your best to avoid this at all costs it’s of course always a last resort you can select. When you elect to file personal bankruptcy you will certainly require legitimate support and assistance probably through a legal professional or perhaps a firm that are experts in bankruptcy situations. Personal bankruptcy can often be an exceptionally uneven ride and demanding for all involved so it is imperative that you only pursue it after exhausting all your other available possible choices.

In order to get your life back again on course and find a way from the hole you have dug you will have to have some severe assistance. Trying to get legal credit card debt settlement aid is a good step to consider and it can help to make the complete procedure way less stress filled and even more organized.

Originally posted 2012-02-12 06:41:59. Republished by Blog Post Promoter

You may find that commercial property is a more lucrative investment than residential property. You may have to look a bit longer to find the right opportunity, however. Use the following tips to better understand the market so you can find the right investment for you. The fact which is basic and pretty much not considered is to have the business focused thinking and planning. The place which should be looked into perfect for business is at all times a commercial area, Plan your business at the suitable place for it information technology parks is best.

A few ways of doing this include mailing out a newsletter to keep investors updated on commercial real estate, or regularly posting on social networking sites like Twitter and Facebook. Stay present online after you complete a deal.

Regardless of whether you are buying or selling the property, it is in your best interest to negotiate. Let people know what you want and make sure you are asking for a realistic price. Never compromise on the location of the business. Always select that place which is more commercially known like you can consider life science cluster for the settlement of your new business.

Listed here are few helpful suggestions that you should consider while deciding on investment in business.

  • If commercial property is something you’re thinking about investing your time and money in, take the tax advantages under consideration. As an investor, you might receive interest deductions as well as depreciation benefits. However, sometimes an investor can receive taxed income that is not taken as cash, otherwise known as “phantom income”. You should be mindful of phantom income prior to investing.
  • It is important to understand that each property has a valuable life. You could make an avoidable error by buying a property that needs a lot of upkeep in the future. Your building may need a new roof, or updates to the plumbing or electrical systems. Pretty much every building will experience this at some point, and some will need more work than others. Before investing in commercial property, determine how you will handle the need to repair the building over time.
  • As you hunt for prospective properties, you should keep an eye out for real estate opportunities that are larger than you are looking for. The reason a larger property will benefit you is that the cost per unit for maintenance is less. Increasing the number of units that require maintenance does not add much additional work, but it does considerably drop the cost per unit.
  • Find websites which contain expert information on commercial real estate and use the information to your own advantage. You can’t be too informed about the subject, so try to always be seeking out new sources of knowledge.
  • If you are thinking about hiring any real estate professional, read over all their disclosures. Look for any disclosures regarding dual agency. When dual agency exists, the agency advocates for both parties in the transaction. This means the broker represents you and the landlord during the transaction. You and the other party should both agree if dual agency is to be okay.
  • When selecting a broker, find out the amount of experience they have with the commercial market. Make sure they have their own expertise in the area of your curiosity or it could be an endeavor wasted. You should be sure to enter into an exclusive agreement with that broker.
  • Finding just the right commercial real estate property is the first half of the endeavor. A little bit of education can help you to be better prepared.
  • Determine the negotiation methods of real estate brokers you are considering. Discuss each potential broker’s experience and relevant education with him before hiring a broker. Look for a broker who cares both about ethics and helping you succeed. Ideally, he or she should be capable of helping you get good deals without resorting to immoral or illegal activity. Inquire if they can provide any documentation exampling their previous negotiations, both ones successful and otherwise.
  • Real estate deals must include inspections, so check the credentials of the inspector. Many people in certain fields are not accredited, including pest and insect removal services. Doing so, will help you avoid much larger problems after actually making the purchase.
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