The tenant has not paid rent for may or June. She wants her security deposit back. I had a back up in the basement that the plumbing company has not been able to repair it. I was willing to let her leave with no notice but she has not left. How can I get my money before she leaves if she does not give a forwarding address? Can I take her to small claims court rather than trying to evict her first. If she moves nad does not give a forwarding address I can not take her to court later.

Real Estate Professionals

Sell your home to a house buying company and you will not need a home information pack (HIP)

Private buyers of houses do not require a pack. This means you avoid the delay, hassle and cost of compiling a HIP.

For more info on the HIP regulations read on

What is a Home Information Pack?

• Since 14 December 2007 a Home Information Pack has been required on all homes being marketed in England and Wales.

• The pack provides information needed by home buyers at the start of the home buying process.

• It includes much of the information usually compiled by a solicitor during the conveyancing process.

• The burden is now on the seller to compile the info and produce the pack.

Essential Content of Home Information Packs

• Index of Contents

• Sale Statement

• Evidence of Title

• Energy Performance Certificate (EPC)

• Searches

• Leasehold/Commonhold Documents if applicable

HIP’s were designed to:

• Provide info so that home buyers make informed decisions before offering

• Reduce duplicated costs if more than one sale proceeds

• Grade the energy efficiency of a home

What are the negatives of HIP’S?

• Home sellers are now unable to test the market without committing cash

• Delays caused because marketing can’t commence until HIP compiled

• Much of the packs info is out of date by the time the property goes under offer. The buyer then has to repay for updated info.

• Some lenders/solicitors will not accept the contents of a HIP and may demand their own information, so duplicating costs.

• Cost of a HIP is an added cost to house sale process

• If the property doesn’t sell the HIP and the money spent on it is wasted

Are there any exemptions?

Yes there are a few limited exemptions to getting a home information pack. The main of which is that if the property is not being marketed e.g. sale to quick sale company, then a HIP doesn’t have to be compiled.

You can avoid a getting a Home Information Pack in the following circumstances:

• When no marketing takes place (e.g. selling to a family member or quick sale company)

• Non-residential properties

• Homes limited by law to use as holiday accommodation or for limited occupation

• Mixed sales (e.g. shop with flat)

• Right to buy and similar sales

• Sales of portfolios of properties

• Properties not being sold with completely vacant possession

• Unsafe properties and properties to be demolished

How to pay for pack?

Our research has found that you can pay up to £600 for a HIP.

There are several ways of paying for a HIP:

• Pay upfront- before marketing commences a HIP is commissioned and paid for

• Financing until sold- normally interest is charged so you end up paying more

• “No Sale No Fee” deal via an estate agent, where pack cost is included in final fee. However in current market agents have either withdrawn these offers or require much higher commissions to compensate for extra risk. There are also many restrictions e.g. not able to transfer HIP to another estate agent.



Quick House Sale

A real estate agent once asked me to work on the design of his flyer. He told me to come up with a creative and innovative design that stood out. He was new to the industry and had very little experience. I knew from the beginning that just a creative and innovative design isn’t going to help him attract clients – especially considering how much competition he has in a busy city like Toronto. So I decided to concentrate on ways to promote his image with the use of gimmicks and promotions. Why? Because the truth is no one is going sell with an agent who has very little experience unless he/she had something “special” to offer.

The concept of promotions in real estate is not new at all. Many agents use promotions to attract clients to sell or buy with them. Most real estate agents chose to give offers such as “low commission” or “a chance of winning something”. These offers are too common and have very little impact on the buying/selling experience. In such a situation, it is beneficial to use a differentiation strategy to set yourself apart from the competition.

Here’s a promotional tool that will get your clients all excited: renovations. When getting your flyer designed, I suggest that you add a coupon for a “free renovation worth $500″ to your flyer. This would give your clients the opportunity to renovate their existing house before selling it to the buyer. The main benefit to this is that the renovation would add value to the house, so the seller can make more money from the sale. Also, the real estate agent makes more commission because the house now sells for more. Sometimes, the seller may be in a hurry to sell the house and may not have enough time for renovating. In this case, you can offer them a renovation they can use towards their new home. Of course, since you won’t be making any commission from the renovation of a new house, you might want to lower the value of the renovation (to possibly around $400).

Why would a customer get excited from this promotion?

Firstly, it helps them make more money from the sale of the house. Think about it this way: if the sale price of a house went up by $2000 just because of a small renovation, then they get to keep most of the extra money made (a portion of it goes towards your commission). They may also get the feeling that they “saved” on commission fees by making the extra money.

Secondly, it gives the client the opportunity to be creative with the renovation of their own house. Any creative activity that lets the client chose what they want to renovate gets them excited. “Should I get granite countertops, marble flooring, or some new appliances?” This decision-making process is quite thrilling to witness or to be a part of.

Thirdly, when your client is involved in this decision-making process, they may consult you for your opinion on what you think is a worthy renovation. This “consulting” factor builds a dependable relationship between the client and you. This relationship would make them come back to you for any future purchases or sales of homes.

Lastly, a renovation is reflected by a tangible product that will get people talking. For example, after renovating someone’s house, they might throw farewell parties just before moving. The guests will notice that the house was recently renovated and may ask your client about it. Your client will mention that they got their house renovated for free by their sales agent. Hence, your image gets promoted which will lead to more sales for you.

So basically it’s the tangible result of a renovation, such as new carpeting or the construction of a deck that gets people talking about you. This word-of-mouth benefit is something that other promotional strategies such as “lower commission” or “a chance of winning something” can’t achieve very effectively.

In the end, everyone wins – your client gets more money, and you get more commission from the increased price of the house. You also end up getting more clients from a better “word-of-mouth” process. Try this tactic in your next promotion and watch your reputation grow.



Rent Back Fast

Home for sale, we buy houses for cash are the general topics going on in the house property market. Buying home from house property is not the difficult task and large number of sellers coming forward to sell their houses to the customers in innovative types. Today in the home market, the homes are listed as home for sale sell your house fast for reasonable price consideration. New homes are listed in the home market and the buyers can buy any kind of house property as per his desire. Sellers come up with home for sale in home property market and if the buyer finds out his desire home property in the market, he can go for further transaction.

Nowadays financial institution, house financing agency provides home loans or mortgages to the buyers to buy their house property. With the help of the home loans and mortgages offered by the house finance agency or financial institution, the buyer can clearly make out the house property going to be sold in home market for reasonable price consideration. Selling homes and buying homes from the market is not the difficult task and large number of people goes for it. Today, every body involves in the activity of house purchase and house sales. Since home market fetches good demand for both sale and purchase, the seller and buyer go for it.

The house property listed for sale in the market can be sold in the market can be purchased by the realtor or the home builder or the real estate agent. There are huge number of buyers and sellers available in the house property market, when the house property is listed for reasonable price consideration. When the house property is listed with proper information, price consideration, photocopy, and then the home property will be purchased by the home buyer without any problem. More number of investors comes forward to purchase home property from the sellers for reasonable price consideration, if the house property is in the desired location, area and price.

Buying home from the home market may sometimes involve some procedures and if the buyer meets the requirement of the seller properly then he can easily purchase the house property from the market. Home loans and mortgages help the buyer to buy his desire house property from the home market easily without any delays at the price affordable by the buyer. Home properties exit at large varieties such as buildings, apartments, individuals and bungalows as well as repaired mortgaged and damaged houses. The buyer can buy any kind of home property at the desired price, location, area and so on from the sellers who listed their home property in the house property market.



Rent Back