I am often asked about Section 8 and whether a landlord should consider renting to someone with a Section 8 certificate. They want to know if they should accept these tenants, what kind of rent they might get, and what are some of the pros and cons of this program. Quite often they initially start out with a negative view of Section 8, so I thought I would give some pros and cons and allow you to make better decision about this program.

What is Section 8

The PA Section 8 program, also known as the Housing Choice Voucher Program, provides rental assistance to low income families in the private rental sector. Funded by HUD (The United State Department of Housing and Urban Development) the Section 8 housing goals are to provide improved conditions for families while assisting them in obtaining low income housing, maintaining rental payments, and promoting a greater freedom of choice in housing conditions. This Federal program provides incentives to the owners of apartment complexes and private homes to ensure the continued availability of government subsidized homes. Locally, the Pennsylvania public housing authority (PHA) is responsible for qualifying applicants and disbursing the vouchers to eligible families.

Low income house rentals are listed by the PHA in each of the 67 counties in Pennsylvania, though each complex and home is privately managed. So, each county, Montgomery County, Chester County, even Philadelphia County manage their own Section 8 programs. Even within some counties there are individual towns that have Section 8 offices. For example, Chester, PA has its own Section 8 office.

Philadelphia County is a busy office and very difficult to work with. To be frank it is a struggle for Del Val and others to work with them. They are trying to improve their systems but are very bureaucratic. It is very difficult to reach them on the phone to get simple questions answered. The counties outside of Philadelphia are much easier to communicate with.

But it is a partnership between three people: the owner/landlord, the tenant and the Section 8 office. Traditionally there is a lease between a tenant and an owner/landlord. That is the contract that lays out how the lease is going to work. But with a Section 8 tenant there is a second contract, which is a payment contract that describes the payment amounts and when they will be made. That contract is signed by the Section 8 office, by the tenant and by the owner/landlord. So, this is an additional contract and in an exchange for them offering to pay the rent, the owner/landlord must agree to comply with their rules and regulations. One of those rules is that the owner/landlord will maintain the house in good shape and Section 8 inspections will occur on a regular basis to make sure that you’re doing just that.

What are some of the Pros of Section 8

One of the pros obviously is its federally funded guaranteed rent from HUD, so there is no credit risk involved. Traditionally, Section 8 will pay probably 90-100% of the rent. The tenant may pay a small portion from time to time but 90-100% of the rent typically is going to get paid by the Section 8 office. You will get a one year contract, sometimes a two year contract. The county of Philadelphia offers a two year contract. So obviously once you put that tenant in there for the next two years you know your property will be rented and you’ll be getting your rent.

Now, the question comes up about rent; Is my rent going to be higher or lower than it would be otherwise? In some cases, it’s going to be a little bit higher but I typically tell owners that it will be within 10% + or – than other rents. Again, it depends on the county, it depends on the city and the area so everything’s a little bit different in each case. Typically, five to 10 years ago the Section 8 rent would be probably 15% below a non-Section 8 person. But I think that gap has come down recently to no more than 10% that you will receive. In some cases, you might actually get more for Section 8 than you would get for a non-Section 8.

What are some of the Cons of Section 8

One of the negatives is they will perform regular inspections. So initially before the tenant moves in they do an inspection and you must comply with what they’re asking you to do. They’re not going to ask for you to do anything out of the ordinary. So you’re going to have to make sure that your outlets work, your smoke detectors work, you have fire extinguishers, stairwell banisters are tight and secure and outside that your walkways and things are all safe and secure with no tripping hazards.

Another of the cons is the fact that the tenant may call Section 8 from time to time and say something’s not working. And if Section 8 comes out and determines that is correct, it’s not working, then they could stop paying your rent for a period of time. That is called an “abatement of the rent”, meaning for that period you won’t get any rent.

Why should you consider Section 8 tenants?

In some areas, Section 8 may be your only choice. There are certain areas where Section 8 is very prevalent and because of that there’s not a lot of options and you may have to go with Section 8. There are certain areas of Philadelphia, Norristown, Pottstown, and Reading that have high concentrations of Section 8. So, it may be your only option in those areas.

Tenants tend to stay longer. If a tenant has a Section 8 certificate and they like your house, you’re keeping it up and repairs are being made, for the most part they’re not going to want to leave. For one reason, because there’s not a lot of other Section 8 housing out there. Also, it is very difficult to move and there’s a lot of paperwork involved and a lot of risk on their part. If they notify you they’re going to move out and they can’t find another house within a 60 or 90-day period, they are potentially going to lose their Section 8 certificate. Second, moving from one county to another county is very difficult. So, if they want to move from Philadelphia to Montgomery County there’s a lot of paperwork involved, and the red tape is not easy. So, for the most part Section 8 tenants do stay a long time.

Section 8 requires you to keep your house in good shape, they inspect it and that’s a good thing ultimately for you as the owner of the property. You want to keep your property in good shape.

There is also lots of demand for Section 8 tenants. When we put “Section 8 Welcome” in our ads they get a lot of attention and so that’s obviously a great reason to use Section 8.

Source by Mike Lautensack

I recently read a really interesting blog article from an appraiser in Philadelphia titled “Zillow vs. The Coyle Group”. In the article, Michael Coyle analyzes over 20 of their most recent appraisals and compares them to what Zillow says they are worth via it’s Zestimate. With sites like these appearing to be gaining popularity with consumers over the last few years, I thought I would do my own analysis.

The results may surprise you, they did me. Of the 20 properties analyzed, many of which were recent sales, Zillow differed from the appraised value by more than 5% on 16 of them and the average difference was 20.16%! And the four that were within 5% were recent sales in the last 6 months. That means on an average $300,000 home Zillow’s value estimate is off by an average of $60,000. Another interesting statistic is that it was high/overvalued 10 properties and low/undervalued 10 properties. To further substantiate my results I compared them to The Coyle Group’s and noted that they found an average difference of 18.95%.

When digging deeper into the individual properties, I was unable to determine what exact factor lead to some of the biggest discrepancies. For example, the Glencoe Colonial property is currently an 1100 sq. ft. split level that is going to be torn down and a new 3200 sq. ft. home built. It is listed for $1,199,000 (the exact Zestimate value) and is under contract for around $1,050,000. This would lead me to believe that Zillow is giving the MLS list price the most weight and ignoring the actual property characteristics. However, the Zestimate was off by 41% on the Portage Park bungalow which was listed for $460,000 and sold for the same price. In this case, why would the Zestimate be $273,265? It must have ignored the list and sale price when it appeared to rely exclusively on list price on the Glencoe proposed construction. Yes, I’m scratching my head as well.

While I am not here to breakdown Zillow’s method or algorithm used for determining values, I do want to caution the prospective homebuyer/seller about relying on Zillow’s values and advise that you hire a certified appraiser to ensure that all factors have been included in the opinion of market value. This will prevent you from listing your home too high which could lead to your house being on the market way longer than is necessary. It will also prevent you from listing your home too low and potentially leaving money on the table.

You can read Zillow vs. The Coyle Group here.

Source by Paul R Rowe

The second quarter was a tough one on iBuyers, as only 0.1% of the homes sold across 418 metros — only 880 homes total — were purchased by top iBuyers Redfin, Zillow, Opendoor and Offerpad, according to a report by Redfin.

That’s a drop of 88% compared to Q2 last year. It also represents the smallest number of properties purchased by iBuyers since Q1 2017, Redfin said, with iBuyers spending $195 million in Q2, compared to $1.6 billion Q2 2019. Redfin’s report is based on analysis of MLS and public records data.

During shut-down orders, Zillow canceled contracts on homes and Opendoor pulled offers and layed off 35% of its staff. Redfin furloughed 41% of its agents.

Phoenix had the most significant slump in the iBuyer market share in Q2. iBuyers there acquired 0.8% of homes that sold, down 3.3 percentage points from Q2 2019.

Behind Phoenix is Raleigh, North Carolina, and Las Vegas, which fell 2.9 and 2.7 percentage points, respectively.

Of the homes purchased in Q2, iBuyers bought them at a median-price of $241,100, down from $250,000 last year.

In all but one market, iBuyers purchased the homes for less than the metro-area median price. That outlier is Riverside, California, where the median purchase price was $400,000, about $6,000 higher than the metro area sale price, Redfin said.

Homes on the market in Q2 were bought by iBuyers after being listed for a median of 13 days, down significantly from 40 days last year. The average non-iBuyer home spent 37 days on the market, which Redfin said is unchanged from last year.

“One trend that has ramped up since the pandemic began is the iBuyer bidding war,” Jason Aleem, vice president of RedfinNow said in the report. “Homeowners are seeking out offers from multiple iBuyers so they can feel confident they are getting the best possible price in this blazing hot market without a bunch of foot traffic coming through. As a result, iBuyers are making more competitive offers.”

Some solutions iBuyers implemented to bring back customers during Q2 include virtual home tours, 3D home tours and virtual signing practices.

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I believe most people has his or her nickname. The nickname maybe given according to one’s characteristic, appearance, shape, advantage, social status or interest. One the most priceless and invaluable NBA player Allen Iverson also has a nickname “the Answer”. Most people may feel confused about the reason about this nickname, that is what I want to talk with you guys today.

Rumor 1: Jameel Blackman who called himself as Iverson’s old buck said that “the Answer” was given by him, moreover, he wanted to take 25% of the total gains from what Iverson had benefited from this nickname. Jameel mentioned that they had known each other since 1994. Iverson’ s mum entrusted Iverson to his care, when he began to call Iverson as “the Answer”. In 1996, Iverson left from Georgetown University’s basketball team and was announced to join in Philadelphia 76ers with high honor of the No.1 pick in the 1996 draft of NBA. At that time, those young players would like to give themselves nicknames in order to be well known to their fans as soon as possible. Consequently, Iverson had to follow them to name himself a nickname. From all the candidate nicknames, Iverson finally selected the Answer to be his. Soon after, Iverson made his first tatoo “the Answer” on his arm and this nickname had made him well known to his fans from then on.

Rumor 2: It is said that everyone has known the answer that Philadelphia 76ers will win since Iverson is on the basketball court. That’s why Iverson is called “the Answer”.

Rumor 3: There is also another rumor saying that Philadelphia’s local media doubted about Iverson’s ability since he was born in a poor Black family, he was raised on the tough street of Hampton and he had a lot of youth problems. Most of all, Iverson is only 1.83m tall, what is the target of the media’s criticism. In order to show their doubt about Iverson, they named Iverson “the Question”. However, when Iverson behaved perfectly on the court of Philadelphia, almost all the sports reporters were surprised at his excellent performance, which definitely offered a strong “Answer” to their “Question”. From then on, Iverson was called “the Answer”.

Rumor 4: This nickname was given for his remarkable basketball skills. Iverson always made a crucial and critical hit on the court to end the game.

Rumor 5: “The Answer”is the homophonic of his name Iverson, so he was name “the Answer”. Anyway, Iverson keeps calling himself “the Answer”. Although nobody agreed with him at the beginning. Instead, most people only see some question of Iverson, for instance, he was often late for training, he could not deal with the relationship between his coach and him. Nevertheless Iverson never changed, the people who doubted about him began to change their opinions on Iverson and they have already accepted Iverson’s nickname-The Answer.

Source by Erika Green

Citigroup CEO Michael Corbat announced that he is retiring in February, and that the firm’s retail banking chief Jane Fraser will succeed him.

Jane Fraser

Fraser’s ascendance will make her the first female CEO of a major U.S. bank.

Corbat, who’s led the bank for eight years, was expected to serve two more years at Citi, according to the Wall Street Journal. Instead, Fraser, a 16-year veteran of the bank, will move from her position as bank president and head of consumer banking to claim the throne.

“We believe Jane is the right person to build on Mike’s record and take Citi to the next level,” Citi’s Chairman John Dugan said in a statement Thursday.

Fraser, 53 and a native of Scotland, has worked at virtually all of Citi’s key divisions during her tenure. She led the bank’s strategy division during the financial crisis, headed the Latin American divisions following a scandal, and most recently was the point person for Citi on the coronavirus pandemic in North America.

She’s also a known quantity in the mortgage space. In 2013, Fraser was tapped to head CitiMortgage in St. Louis. At the time, CitiMortgage – as was true with other banks – was heavily reliant on refinancings. Such loans accounted for 78% of applications across the country, but fell dramatically in the ensuing years.

“The day I started at CitiMortgage was the day the market started responding to the Fed, and inevitably was the end of the refi boom,” Fraser, who became CEO in May 2013, said in an interview with the Post-Dispatch.

With the drop-off in refinancing business, CitiMortgage spent much of Fraser’s tenure pivoting to purchase lending and cutting jobs and closing offices to reduce losses. More than 1,000 underwriter, sales, fulfillment and default jobs were cut in September 2013 alone.

The bank retreated from other corners of the mortgage space. Early in 2017, Citi announced it was leaving the mortgage servicing business.

Citi quietly returns

But in the last two years, Citi has begun to make noise again. In 2018, Citi formed a partnership with Digital Risk and Black Knight to form a single digital mortgage origination platform. A year later, it made an investment in Better Mortgage, believed to be $5 million.

In August 2019 Citi issued a $362.6 million mortgage backed security comprised of loans originated by Impac Mortgage Holdings.

And although it wasn’t among the 25 biggest residential mortgage lenders in the country in 2019, Citi increased its origination volume each quarter and ended the year with $16.9 billion in originations.

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Many people use junk removal companies to remove items in their house, office, residential or commercial property. Make sure you investigate junk removal companies to make sure you choose a reputable company. There are a number of companies that can provide junk removal as an option and fulfill all of your needs when it comes to taking out the trash.

The company will begin by asking your personal information and then some information about the information you need removing. They will ask you to list many of the items that you need moving and if the equipment is working. They will also ask you how much stuff you have and the approximate date you need the service.

These same companies sometimes offer demolition services also if you want to tear down something on your property or shrubbery. Therefore you only need to hire one company to accomplish a job. The main clients of these companies are owners of commercials and residential property, real estate agents, property managements, landscapers, contractors and builders & developers.

There are a number of different companies that offer trash removal. You can take advantage of a free service or use a pay service. Depending on the amount of stuff you have may help you determine which service to choose. If you have a lot of recyclables, then you may want to use a free junk removal service, because they make their money from recycling the stuff you throw away. If it cannot be recycled, then it is very difficult for them to get rid of it without investing money.

Many household items can be recycled so you can use free services for a lot of your garbage disposal needs. Most of the free companies will pick and choose which items they will take or charge you above a certain point. If you decide on a free junk removal company, then you should weigh the pros and the cons.

If they are willing to take most of your stuff, they may be the best bet for your cleanout. Otherwise you may want to hire a pay service, because they will prove more reliable and dependent and will provide services that a free company will not. Some people choose a junk removal service to get rid of stuff that a free service will not get rid of. If you have old construction materials or garden waste or some old furniture, then a junk removal service will take all of these items to the right place.

No service will remove chemicals or hazardous wastes or anything that is considered toxic. If you need to get rid of these products, contact the waste department in your city and see how to get rid of these products. If these items spill in the trucks, the employees could get hurt. Make sure to check with all junk removal companies to see what items they will not haul off.

When deciding which companies to use, remember the pros and cons of free services and paid services. Free services tend to make money off your material, but they may not be as reliable or convenient as the paid ones.

Source by Andrew Stratton

On Nov. 17, stockholders of CoreLogic will get to cast their vote on whether to replace the current board of directors with nominees proposed by Cannae Holdings and Senator Investment Group at a special meeting.

In a letter to stockholders, CoreLogic urged them not to sign a proxy card sent by Senator or Cannae and reminded them that only their last vote on the matter would count. Stockholders who had already signed a proxy card for Cannae or Senator can reverse that vote by sending in a new proxy card, the letter said.

The battle for CoreLogic started on June 26 when Cannae and Senator, who jointly own 15% of the company’s stock, submitted an offer to acquire the company for $65 a share, for a total of $7 billion. CoreLogic rejected the proposal on July 7, saying the bid undervalued the company and raised regulatory concerns, labeling it an “opportunistic proposal.”

In a series of defensive measures, CoreLogic raised its 2021 and 2022 financial guidance, while increasing share reauthorization to $1 billion. Adopting a “poison pill” strategy, Corelogic approved a shareholder-rights plan that prevents investors from acquiring 10% or more of the company’s common stock, or 20% in the case of certain passive investors.

On July 29, Cannae and Senator issued an open letter to fellow shareholders announcing that they had initiated a process to call a special meeting of shareholders to elect nine “independent and highly accomplished directors” to the CoreLogic board of directors. The companies said their goal was to replace the majority of the board with “nominees who will act in best interests of shareholders” who have no affiliation or association with Senator, Cannae, or any of their affiliates.

It’s unclear which way stockholders will vote. CoreLogic’s stock took off on the news of the takeover bid, jumping 25% to $66.33 on June 26, and was at $66.37 as of close of market on Friday, Sept. 4. 

The chairman of Cannae Holdings is Bill Foley, the chairman of Fidelity National Financial, which is also majority owner of ServiceLink. In addition, Foley is executive chairman of Black Knight Financial Services — a direct competitor of CoreLogic.

The vote on Nov. 17 concerns the removal of these board directors:

  • David Chatham, president and CEO of Chatham Holdings Corp.
  • Douglas Curling, principal and managing director of New Kent Capital
  • John Dorman, private investor, formerly CEO of Digital Insight
  • Paul Folino, chairman of the board, and former executive chairman at Emulex Corp.
  • Thomas O’Brien, former CEO and president at Insurance Auto Auctions
  • Pam Patenaude, former deputy secretary of HUD and co-founder of the J. Ronald Terwilliger Foundation for Housing America’s Families
  • Vikrant Raina, managing partner at BV Investment Partners
  • Michael Shepherd, chairman of Bank of the West
  • David Walker, former director of the program of the accountancy at the University of South Florida.

In their place, Cannae and Senator propose appointing:

  • W. Steve Albrecht, the Gunnel Endowed Professor in the Marriott School of Management at Brigham Young University and former chairman of Cypress Semiconductor
  • Martina Lewis Bradford, founder, president, and CEO of Palladian Hill Strategies, a government relations firm
  • Gail Landis, founding partner of Evercore Asset Management, where she served as managing principal from 2005 until 2011. She has been on the board of Morningstar since 2013
  • Wendy Lane, who has served as chairman and founder of Lane Holdings, an investment firm, since 1992
  • Ryan McKendrick, the former president and CEO of AMCOL International
  • Katherine “KT” Rabin, who served as CEO at Glass, Lewis & Co., a provider of global governance services, from 2007 to 2019
  • Sreekanth Ravi, co-founder and executive chairman of the board of RSquared, a cloud-based artificial intelligence (AI) platform in the workforce intelligence market
  • Lisa Wardell, chairman and CEO of Adtalem Global Education, a workforce solutions provider
  • Henry W. “Jay” Winship, president and founder of Pacific Point Capital, a real estate investment firm 
At this point CoreLogic plans to hold the special meeting in person, but said it has contingency plans in place for a virtual meeting if necessary.  

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Barry Wilmeth’s Making Others Rich First provides a fresh take on real estate investing for both new and seasoned investors. Wilmeth, who has been investing in real estate across the United States for many years, knows that real estate investing is not solely about making yourself rich. It’s also about helping others to become wealthy by providing them with quality housing or helping them to buy their first homes, and for those who want even more, it is about helping new investors pursue their own financial dreams for success. I love Wilmeth’s attitude in this book. While some people might view real estate investing as competitive, Wilmeth believes there is plenty for everyone, and we all get more when we help each other. As he states early in the book, “We have an existential sense that our happiness depends on the happiness of others and that there is more happiness in giving than in receiving.”

Making Others Rich First is designed to help the real estate investor starting out with the basics of how to invest, but it is also designed to encourage more seasoned investors to mentor others in the real estate investment business. Each chapter has nuggets of information for both the mentor and the mentee, and while the overall structure benefits the mentee, I think mentors will find much here to give them new ideas about investing.

The book is divided into five sections, each of which has three or four chapters. Those sections are: Getting on the Road to Riches; Setting the Business Framework; Preparation, Education, and Application; Staying Motivated; and Getting a Return on Your Investment. Throughout the sections, Wilmeth shares personal stories of investments he has made, shows how to crunch the numbers to determine potential payoffs and whether an investment is worthwhile, and continually provides motivation for readers to take action.

Taking action is especially key. Wilmeth knew that no matter how many books he read or seminars he took, he would never truly learn about real estate investing until he took action by buying a property. That first action paid off in the knowledge he acquired from owning it, and today, he owns rental properties across the United States, and he also buys and sells properties on a regular basis.

Wilmeth understands that real estate investing can initially be scary, but he states:

“The fear will subside the more you do similar deals. I tell new investors over and over, ‘Don’t wait to buy real estate. Buy real estate and wait.’ Get your feet on the ground by making a real estate purchase and renting it out by using a reputable property manager. This is not a field trip. It is an internship. It is on the job training (OJT). Learning from a book or a seminar will make you think. Learning by doing will make you experienced.”

In addition, Wilmeth talks about how to find money for investing-from private investors and other sources. Once investment money is available, Wilmeth guides readers through how to do their due diligence when buying a property so they can avoid bad deals, and he also talks about how to recover if you do make a bad deal. A bad deal is not a reason to give up, but an opportunity to learn from your mistakes.

Wilmeth also takes readers through all the details of business and tax planning. He introduces them to what he calls the MBA Formula, which consists of: Monitoring Your Debits and Credits, Balancing the Books, and Analyzing the Numbers.

He also talks about the importance of following up with others. You need to respond quickly, be on the phone rather than waiting for an email response, and consistently putting yourself in front of others so they will help you find deals and you can make sales. Even if you don’t know the answers to someone’s question, just responding can lead to forming a relationship that can benefit you in the long run. All of these points are explained in detail in these pages, along with advice on networking, volunteering, marketing, and much more.

But beyond all the real estate investment details is the book’s core message-the importance of mentoring, which Wilmeth summarizes in two main points: 1) “If you are new to investing, you really should have a mentor. And if you decide not to, there will come a day when you’re going to hear me whispering, ‘I told you so,'” and 2) “If you are already a sophisticated investor, you can get more deals and expand your business by being a good mentor to others.”

Ultimately, mentoring can only be advantageous to a real estate investor. As Wilmeth states:

“Your firsthand testimony is much more powerful than a seminar, book, or attendance at an investors’ club meeting. You will come across to others as believable and as an ‘If I can do it, so can you’ role model. I believe the best way to be the real deal is to take steps to increase your wealth, share your story, and then help others get rich without charging a fee.”

Yes, you read that right-“without charging a fee.” Wilmeth describes the difference between coaches who do charge fees and true mentors, and his take on mentoring is refreshing as a result.

A lot of successful businesspeople will try to tell you how to get rich by sharing with you what they have done, but it’s rare to find someone who does it for the purpose of giving back rather than to benefit himself. Not that Wilmeth denies the personal benefits of helping others, but his sincere desire to help others get rich first is what makes this book stand out from all the other real estate books already available. Whether you’re new to real estate investing or you want to learn more through giving back, this book will open new opportunities for you.

Source by Tyler Tichelaar

It was a cold afternoon in Atlanta Georgia but insider the speakers auditorium of the Georgia State University (GSU) the energy level was high and the room was pulsating with positive vibrations as the author of the memoir that inspired the major motion picture, The Pursuit of Happyness, took the stage to inspire the group of young people eagerly looking forward to success in life.

Chris Gardner’s story is the “quintessential rags-to-riches American Dream story” as claimed by no less an authority than the San Francisco Chronicle. Deserted by his wife and left to take care of his son through joblessness and a year on the streets homeless – including many nights spent in a public restroom — he never gave up hope that he would one day make it big or renege on his promise to always be there for his child.

As is always the case for those who hold on to faith through persistence, his dreams became a reality when he made it to the boardroom in wall street; a millionaire whose story is best told by his memoir The Pursuit of Happyness and the number one box office title bearing the same name that starred Will Smith as Chris Gardner and his son Jaden as Gardner’s Son.

To the hundreds of students that filled the speaker’s auditorium at GSU Gardner’s message was simple: I broke a cycle! In addition to the millions of dollars he made against the odds, he said that his main achievement was the fact that in a generation that has seen kids being raised by female single parents, he has been there for his child to raise him up as a good and responsible son who is expected to do the same for his own children. And further more Gardner relishes the fact that his inspirational story lives on in distant lands inspiring millions of people.

He told the story of an Iranian woman who sent him an email telling him that she was lucky to read his book by paying a driver to smuggle the book for her (from Jordan) into Iran. And then Gardner paused to let the audience appreciate some of the benefits of living in American where we all take many basic freedoms for granted like being able to have access to any book of one’s choice.

I consider myself the luckiest among the group of students who came to have a glimpse of Gardner. I had him autograph my copy of his book but I would not stop there. Having given him a copy of my memoir Homegrown: The Student Experience of a Unique Canada-Africa University Program I also gave him another copy to autograph for me, telling him “this is my own pursuit of happiness”. But that opportunity was not to be the only one to satisfy the fastidious student in me. Indeed I was in a lift going back to the lobby of the GSU Student Center where Gardner sat patiently waiting to autograph books for a long line of students. I wanted to go back and just stand at a distance looking at Chris Gardner to fill my mind with the image of a real success story.

Lo and behold my elevator was to stop on the second floor only to see Chris Gardner come in with an escort. I rushed to sake hands with him thanking him for sharing his inspirational story. And of course I reminded him again that I had given him a copy of my two books (so he would not forget them). Stepping out of the elevator Gardner turned around and looked me in the face, looking pretty much like a father addressing his son: hey, remember this, there is nothing I can do that you cannot do. If I can do it, you can do it too!

Now if you think the odds are against you. If you think you do not have a chance to achieve success in life, just read (or watch) The Pursuit of Happyness. Your day with Chris Gardner may be the one most remarkable turning point in your life. Chris Gardner’s life story is truly inspiring. Billionaire real estate mogul Donald Trump calls it “a tremendous lesson in tenacity”!

Source by Momodou Sabally

Selling a house can prove to be a very tough task especially in time of economic recession when many people are not willing to invest in a house and prefer having it on rent. Then there are many problems associated with selling the house. There can be several different reasons for selling a house. It can be cue to personal reasons or the immediate need of cash or to get a new bigger house or simply to sell it because it serves no particular purpose. Here we will discuss various creative ways to sell your house.

1. Finding a Professional and Valuation

The first most important step towards selling a house is to find its market value before trying to find a buyer for it. This enables you to know the worth of your property so that you do not sale it in a very low price. You can ask a professional real estate expert for it. Also you must have all the documents ready and paperwork done with the help of licensed professional before you go out selling it.

2. Advertising

The best way to attract buyers for your property is through advertisements. This is a hassle free way of getting your message across that you need buyers for your house. You can put up an ad on the local newspaper and you can also avail internet for this. On net you can even put up your house picture which will allow you to get buyers who are genuinely interested in buying your property. Another way is to put up a signage outside your house that you need to sell it.

3. Making your Place Attractive for the buyers

One way as mentioned above is to put up pictures on the net. Other than this you can also improve the exterior of your house as the people looking at the signage will definitely look at the house. A poor representation will make you lose some good buyers for your house. Also ascertain that all the necessary renovations and repairs are already done by the time buyers visit your place. This will enhance your property and will increase its value. But avoid spending too much on the renovation as you might not be able to get as much in return. Therefore, spend prudently.

4. Comparison and Buying

Make a list of all the buyers who approach you for your house. Then shortlist the best ones. You must then select the best one considering your needs. For instance, you want cash immediately after selling but the buyer who is paying the most requires a time frame of 3 months for complete payment. You must then carefully decide about your priority. If your need is genuine then you can look into the list for some other buyer but if it can wait, the offer is worth waiting.

5. Seller Financing

This method can only be used if you do not need the money immediately. In this method the seller finances the buyer to buy the home. This turns out to be really beneficial for the seller as the repayment in most cases is with the interest. This will give the seller mark up profit.

Use of creative methods to sell your house will certainly enable you to locate some very good buyers who might also be of help in future. Using these methods also is lesser hassle.

Source by Mike Lautensack