Stratlux Merchants & Investment Company

10/05/2013

Why use an estate agent to sell your home?

The vast majority of people use an estate agent to sell their home rather than sell it privately and there are plenty of reasons for doing so, whether you're selling a house, flat, cottage, bungalow or studio apartment.

Despite having to pay agents a fee, good ones can be worth their weight in gold. So, what do estate agents offer you if you are looking to sell your home?

Knowledge of the local market

for sale signAn estate agent's knowledge of the local area, the type of properties for sale within it and the potential demand will allow them to calculate your property's value accurately and realistically for sale. They should be able to substantiate why your home will sell, the kind of buyers that might be interested in it and how best to present and promote the property to that target market. Read more about property valuations.

A database full of potential buyers

An estate agent will already be in contact with a substantial number of potential buyers on their database, buyers who have listed their criteria with the agent and who are searching for property, ready to start viewing homes for sale immediately.

Marketing expertise and power

It is unlikely that any other organisation will be able to market your property like an estate agent can. In today's market, estate agents invest heavily in maximising the potential reach of their audience to give them, and you, the best possible chance of finding the right buyer for your property at the best possible sale price. Your property is likely to be advertised through a number of channels:
On the Internet, via their own websites and major property portals like Primelocation.com
'For sale' board at your property
At their local branch
Through the post
Mobile phone alerts
In local or national newspapers and magazines.

In short, estate agents have the capacity to make sure your property is seen by the right buyers, wherever they might be.

Managing and conducting viewings

Your estate agent will liaise between the potential buyers and you to arrange viewings of your property. The majority will also be present at the viewing to 'sell' your home to the interested parties, as well as being on hand to answer questions that may arise. After a viewing has taken place, the estate agent should contact you with an update of how the viewing went and give you any useful feedback.

Advice and guidance

Should any difficulties or problems arise throughout the selling process, your estate agent will provide you with advice for the best course of action and guidance to overcome any obstacles that may be blocking a quick sale of your property.

Managing the sales process

A good estate agent will regularly check up and down the property chain, and with the solicitors, to make sure everything is running smoothly for the sale of your property. By instructing an estate agent to sell your home, you are employing a company to manage as much of the process as you are comfortable with, taking away many of the stresses and strains of the task.

Negotiating with the buyer

One particular advantage of using an estate agent is that you don't have to negotiate directly with the buyers, which may cause embarrassment and awkwardness for the more faint-hearted and may weaken your bargaining position. Your estate agent will be well equipped to manage the negotiation on your behalf and will make sure you get the best deal possible.

29/01/2013

Being successful in real estate does not require large amounts of money, huge credit lines, or a degree in business or finance. It just requires you to make the effort to learn the strategies and apply them.

10/01/2013

To all our clients and stakeholders; both of our websites; www.stratluxproperties.com and www.stratluxrealestate.com are under maintenance. we are sorry for any inconveniences incurred. meanwhile you can reach us through this fb page. Thank you

02/01/2013

18/12/2012

A new investment product will be launched at the Nairobi Securities Exchange, very soon which is structured to enable individuals to own shares in huge property companies in a structure known as Real Estate Investment Trusts (Reits).

Imagine collecting a cheque at the end of the year for divided earned from the property rental income?

This sounds interesting guys.............!!

15/12/2012

Golf courses sell real state and that is why they have become popular in kenya.

14/12/2012

very prime land for sale along mombasa road 1/4 acre. For more info visit www.stratluxproperties.com

14/12/2012

On the left stratlux employee explaining a point to a client

10/12/2012

Naive people are putting their money into stocks, bonds, and savings accounts right now. Smart people continue to invest in real estate, and they’re picking up more bargains than ever.

30/10/2012

“You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.”

30/10/2012

“You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.”

http://www.stratluxproperties.comi/
www.stratluxproperties.comi

22/10/2012

How Real Estate Investors Can Build a Portfolio of Rentals Without a Bank

As real estate investors, building a portfolio of rentals is the single biggest wealth-creating opportunity of our lifetime.

Real estate investors who rely on bank financing are struggling and failing because the large down payments required and mortgage underwriting criteria make it very difficult to buy investment real estate.

Those of us who have figured out a way to eliminate banks from our investing equation are succeeding massively.
real estate contract

In many markets, investors can buy rental property for less than the price of a new car.

A lot of real estate investing elements must be completed correctly in order to create cash flow and long-term wealth. The good news is, real estate is still “on sale” and widely available.

In many markets, investors can buy rental property for less than the price of a new car. But even the price of new car still takes a lot of capital to acquire, so the key to investing in real estate remains finding the best way to leverage real estate acquisitions without using your own money.

Real estate investors who learn to buy with Other Peoples’ Money (OPM), can buy houses without the hassles of getting a bank mortgage.or use a joint venture

To buy this home without needing a bank, structure a joint venture.

our side of the joint venture includes doing all the work, including finding the house, negotiating, completing the repairs, and then managing the house for the next 5 to 10 years.

With this joint venture, we are splitting all net income and future upside equity 50/50. The rental income is $850 per month, taking out taxes and insurance this will net at approximately $700 per month.
It’s a Win-Win for Everybody

If we sell the house in five years for today’s tax assessment of $115,000, our upside gross equity on the $45,000 investment will be $70,000, which is split 50/50 and another payday of $35,000 for each party in the joint venture.

Given the nature of the joint venture being a 50/50 deal, every second acquisition is the equivalent of one free and clear house. How many of these deals do you need to be able to live just off of the monthly rental income? If you could structure 20 of these deals, you would be at $7,000 per month. Structure 40, and you have $14,000 per month.

Don’t even focus on the equity and net worth, just focus on the cash flow and creating free and clear houses to hold long-term. Make the acquisitions without banks and you can succeed massively.