How Dubailand Will Shape the Future of Tourism in Dubai

When Sheikh Maktoum announced his 'Vision of Dubai,' many years ago, he stated that the finite nature of the emirates natural resources meant a long term change in strategic direction was required if Dubai was capitalise on its true potential. What Sheikh Maktoum outlined was a new age of Dubai, one based around increasing tourism revenues, as tourists from all over the world came to sample the sights and splendours of modern day Dubai.

It would certainly seem as though Dubai is capitalising on this increasing market for tourism. Annual tourism revenues in the emirate have now surpassed 6bn AED, and revenues from inbound tourism are expected to grow by 7.2% annually until 2015. Recent reports from the World Travel and Tourism Market, have stated that a large proportion of this sustained growth will be through the development of numerous 'mega-projects' which are being built in the emirate. In particular the development at Dubailand, the three billion square feet of land alongside the busy Emirates Road which is set to become the world's largest tourism and entertainment project.

So what is Dubailand, and is it set to play such a large role in the future growth of this dynamic emirate?

Dubailand, which is set to open its doors in December 2010, is without the most ambitious leisure and tourism project ever undertaken. Over 3 billion square feet of world class theme parks, state of the art sporting facilities and cultural and entertainment venues. Costing an incredible $65 billion, Dubailand will incorporate 45 'mega projects' which fit within seven core themes. Key attractions within the Dubailand development include Aqua Dunya, one of the world's largest water theme parks and Dreamworks, a 5 million square feet theme park developed by the Dreamworks studios.

As well as the amusement parks, Dubailand will also include Dubai Sports City, a venue which is destined to become one of the world's premier sporting facilities. Within Dubai Sports City will be situated four giant sized sports stadiums, which will host top level football, cricket, hockey and rugby matches featuring the cream of the sporting elite.

Current estimates suggest that over 40,000 visitors per day will visit Dubailand, attracting over 15 million visitors per year to the emirate. The population of Dubailand, when completed will be an incredible 2.5 million including tourists, residents and workers. Throughout the development, a wide range of property is available, ranging from compact studios up to the spacious and luxurious villas which can be found amongst the developments championship golf courses.

Whilst the figures make impressive reading, what is truly astounding is that the concepts of Dubailand and Dubai Sports City are yet to reach the wider global consciousness. When this occurs, as it undoubtedly will as projects come online, the volumes of tourists to the region are set to increase considerably. More importantly, this growth would be sustainable.

Dubai currently offers an incredible potential for investment growth, and a key factor within this will be the Dubailand development. It would be difficult to see the Dubailand development not emulating and potentially surpassing the huge impact of the Disneyland and Disney World projects on the US tourism market in the 70's and 80's.

Mark Burns is a Partner at http://www.property-dubai.tv, a Dubai real estate specialist selling Dubai property including the flagship new development at Emirates City.

Article Source: http://EzineArticles.com/?expert=Mark_J_Burns

3 Proven Steps to Weed Out Unmotivated Sellers in 30 Seconds Or Less and Save Your Valuable Time

Most real estate investors have no idea what their time is truly worth. One of the most common mistakes investors at all experience levels make is wasting time with unmotivated sellers.
If you make an average profit of $20,000 per deal, how much is your time worth? The sooner you learn how to quickly get rid of unmotivated sellers, i.e. time waster, the better off you will be. For simplicity sake, let's break Seller leads into 3 categories.

1) Slam Dunks
These are leads which have two important ingredients. First, the seller is very motivated. Second, through your creative problem solving strategies, you can help the seller and still make a profit.

2) Worth Following Up With
These are leads which don't meet your buy criteria for one reason or another, but could in the future. For example, if the seller is only one month delinquent on his mortgage payment and has some equity, but just isn't very motivated yet. Even though the seller doesn't want to sell at a large enough discount to make this deal attractive today, he very well may in a few weeks when the mortgage company files for foreclosure.

3) No Deal
These are leads that just aren't worth your time to follow up with. For example, a seller with no equity and a week before the house goes to auction. Instead of pursuing a short sale you decide this deal is just not worth wasting time on.

If you want to be successful in this business you absolutely cannot afford to not pursue the first two types of leads listed above. A follow up system of some sort is necessary for you to succeed. I typically follow up with sellers at crucial dates based on their situation. For example, a couple of months ago I put a house under contract that I had been following up on for 4 months. When the seller first called me after seeing my Lucky Buys Yucky Houses® infomercial on TV he was only 2 weeks behind on his mortgage payment. He just liked the commercial and called to "test the waters".

After speaking with him I quickly realized that he was not motivated enough yet to sell me the house at an attractive price. However, I knew that there was a good chance he would be soon. So, I followed up with him in 3 weeks and then again in about 6 weeks.

Finally he realized he was in a bad position and I negotiated a nice deal. I helped the seller to avoid foreclosure and walked from the deal with a $14, 397.00 pay check.

If I would have just walked away from that seller the first time we spoke I would have never made a dime. However, I made a few phone calls and ended up making almost $15,000.00.
Now revisit the question I asked earlier. How much is your time worth if you can make these kind of profits from a few simple phone calls?

This is why it is absolutely imperative that you have a system in place to quickly eliminate time wasters i.e. no deals.

To determine what is a deal vs. what is not, I use a pretty simple formula.

1) Determine the approximate value of the seller's house

2) Find out what they owe

3) Ask the seller what kind of work needs to be done to bring this house up to perfect market condition. Note: this is an area where the more you can probe the better, because sellers tend to get in a better mind set to take a discount after thinking about the headaches of making repairs to their house

4) Determine how much I can resell the house for if I were to purchase it
From here it's a pretty straight forward process. I simply subtract the repairs to be made from the value of the house and then subtract the amount to be paid to the seller. This leaves me with my potential profit.

Granted, there is more that goes into the process if you are going to end up turning the lead into a deal, but this simple formula saves me a ton of time. I can at least get a very good feel for where the seller is mentally and whether the lead is worth pursuing.

By getting the answers to these 3 questions I can usually get a real good idea if I should stop wasting time with the lead or keep pursuing it. If I feel the lead is a "slam dunk", I sign it up right away. If not, I investigate further and then either a) sign it up or b) put it in my follow up file.
I believe in the KISS formula (Keep It Simple Stupid). With the system I use to generate motivated seller leads, I simply get to many leads to waste a bunch of time with unmotivated sellers. If I get 500 leads in a month and I am busy driving around and talking to sellers who aren't motivated enough I will go broke. This is a lesson I learned real quickly when I started using mass media to advertise. It would behoove you to learn this lesson quickly as well. Your real estate success depends on it!

About the Author Sean Flanagan went from dead broke, living off Ramen Noodles and selling used pallets from the roadside for $20 a day, to a self made real estate multimillionaire in under 2 years time. He now shares his secrets with thousands of students across the country.

He has a FREE audio course titled 7 Secrets to Making Big Bucks in a Slow Real Estate Market which you can get right now by quickly visiting http://www.yuckyhouseleads.com He also gives away a coaching program for new real estate investors where he offers a risk free trial to prove to new real estate investors how much money they can make with his program at http://www.yuckyhousesystems.com

Article Source: http://EzineArticles.com/?expert=Sean_P._Flanagan

Real Estate Investors Can Hit a Homerun If They Can Locate the Owner of an Abandoned Property

If you've identified abandoned properties as a lucrative real estate investing niche because of the relative lack of competition, the tendency of the owners to be motivated to sell, and the fact that you can generate almost instant equity by making a few well-placed repairs, you'll probably be ready to dance a jig in the street once you've located an abandoned property you'd like to purchase and -- with just a little research -- figured out who owns the property.
Not so fast.

While there is no question that you've gotten somewhere with this information, you still don't have the most critical piece of the puzzle. The property is vacant, and the owner is nowhere to be found. The bad news is the owner could be almost anywhere -- just around the corner or on the other side of the country -- but there's also good news. I'm going to show you a few key strategies that you can implement today to find the owner and begin putting together a proposal that will expand the size of your portfolio and fatten your wallet.

A lot of novice investors immediately jump to the conclusion that the owner will be hard to locate, so they'll prematurely throw in the towel or unnecessarily spend a lot of money trying to track down the owner. It's best to treat locating the owner like you would go about getting to know your local real estate market. Start looking close to home and widen your search area as necessary. The difference here is that you'll begin your search at the abandoned property.

Start Close to Home - While the owner no longer lives in the property, there's a possibility that they may have been friends with the next-door neighbor. It costs nothing to find out, and if the neighbor knows the owner's whereabouts, you could be on the phone with them within an hour. When you approach the neighbor, be very clear and honest about your intentions. If they are friendly with the owner, they'll swear on a stack of Bibles that they've never heard of the owner if they think you're a bill collector or a possible enemy of the property owner. By stating your intention of wanting to renovate the property you may motivate the neighbor to help you out. If they're unable to help you, there's also a possibility they may be able to point you in the right direction.

County Courthouse - While you've checked the courthouse for the owner of the abandoned property, you've probably overlooked another possibility: They may own another property. See if the owner is listed as the owner of any other property. If their name comes up on any other property, try to track them down. While you're in the building, check the voter registration rolls as well. This is public information, so if they're registered to vote, you may be able to find an alternate address.

Free Web Resources - Two free web resources I recommend for the next phase of your search are www.whitepages.com and www.www.reversepages.com. Both sites have an easy-to-use interface that will list possible addresses for your elusive owner.

The U.S. Mail - Believe it or not, you can sometimes locate the owner of an abandoned property for the cost of a postage stamp. It doesn't happen very often, but it's an inexpensive strategy that can yield the information you need. The strategy is brilliantly simple: Address an envelope to the owner of the abandoned property, using the address of the abandoned property as the address to which you're sending the letter. If any of your other searches have yielded addresses, fill out an envelope for those as well. Make sure you mark each envelope "DO NOT FORWARD. Address Correction Requested". Mail the letters. If they've updated their mailing address with the Postal Service you'll know within a few days when your envelope is returned to you with a sticker affixed to it providing the last address of the owner that is known to the Postal Service. Will this strategy work? Maybe. It's worth a shot. It's a little bit like baseball. When you're in the batter's box and you get a letter high fastball, you swing for the fences. You either strike out or you get to round the bases with a home run. Either way, it's fun to try.

The Big Guns - If everything else fails, you may have to do what law enforcement officers do when they've exhausted all other possibilities: You may have to spend a few bucks to locate the owner. I recommend you try www.intelius.com. You do have to pay for this resource, but if you locate the owner, it's worth the expense. This resource may not give you the direct information you need, but it will frequently provide you with the names of friends and relatives. Then you can widen your search by contacting friends and relatives and seeing what you can glean from these searches.
These strategies aren't guaranteed to work. Remember, locating the owner of an abandoned property can sometimes be difficult. If you can't pass up a mystery novel without pausing to read it, this aspect of real estate investing can be a lot of fun.

Once you locate the owner of the property, the real fun can begin. You get to call them, introduce yourself, and sell the owner on selling to you. Abandoned properties can be lucrative and life changing. Go ahead, get started today. Today's abandoned property can be tomorrow's cash flow machine.
Good luck!

About the Author

Sean Flanagan went from dead broke, living off Ramen Noodles and selling used pallets from the roadside for $20 a day, to a self made real estate multimillionaire in under 2 years time. He now shares his secrets with thousands of students across the country.

He has a FREE audio course titled 7 Secrets to Making Big Bucks in a Slow Real Estate Market which you can get right now by quickly visiting http://www.yuckyhouseleads.com He also gives away a coaching program for new real estate investors where he offers a risk free trial to prove to new real estate investors how much money they can make with his program at http://www.yuckyhousesystems.com

Article Source: http://EzineArticles.com/?expert=Sean_P._Flanagan

The Magic Secret For Real Estate Investors

One of the keys to success in the real estate world is building a strong investor list, otherwise known as a buyers list. When you have a solid buyers list, you can build a stronger career with the contacts and connections that you need to consistently perform well in the real estate market.

Simply put, if you can find a list of investors who will always be interested in buying new houses, you can help these specific investors find the houses they want. When you start to learn more about your specific investors, you can find inventory and houses that will appeal to their specific tastes, making it more likely for them to work with you time after time.

With a strong buyers list, you can go out in the market and find a number of great choices in inventory to make you more successful. In all, it's important to have a good buyers list in order to be more profitable. Also, these investors will realize that you are an expert in the real estate market. They will return to you frequently to see what you have available for them. You will be seen as the first step towards their success and this ensures you will remain popular. The more people in your buyers list and in your network in general, the better for you. You will be able to sell house after house to the people who are consistently looking for new properties in your area.

Make your buyers list work for you. In order to have the most success possible, it pays to remember the following easy acronym: ITS MAGIC.

I - Identity

Why will people remember you? Why will they choose to go to you versus all the other investors and real estate "experts" in the field? You need to set yourself apart. When you meet future investors, other members of your local real estate clubs and even the strangers you meet in the grocery store, you need to leave them remembering your identity and admiring your personality. You want them to return to you time after time so making yourself as affable as possible is integral to your success. Have a signature action, a signature saying or a signature piece of clothing that will make people remember who you are. Once they remember you, you can help them by selling more and more houses.

T - Title Records

If you can make the process of getting title records easier, you will be more invaluable in the marketplace. Get access to local real estate records through title companies or other real estate brokers to get the information you need. If you pay attention to the names on the title records, you can see which investors are snapping up homes often. By highlighting these individuals, you can start to build your buyers list.

S - Signs on the Street

Promotions and advertising will help you find the people that are snatching up houses. Call the businesses that promise to buy the ugliest house on the block. Are they really buying houses? If so, note the business and the decision makers in this group to put on your buyers list for future real estate deals.

M - Marketing

Promotions and advertising will get YOUR name out there as well. Get a good business card and brochure to help promote your business. You can leave your information at title companies and everywhere else that could catch the eyes of your future investors. You should look to hand out hundreds of business cards each month. Join clubs. Find out where real estate investors are and put your name in front of them to get your name out there.

A - Auctions

Go to local auctions to find the investors that are looking for new real estate properties. Pass out your card and pay attention to see who is consistently shopping for new properties. Meet people and remember names. You'll build your homes buyers list easier this way.

G - Groups

Join local groups and meetings. You can find a number of investors or potential investors. Help a great potential investor and you could find yourself with a gold mine down the road. You never know when your biggest investor will come across your path.

I - Internet

The Internet is a gold mine filled with investor leads and tips to help people like you build your buyers list. Look to real estate forums and discussion groups. Even if you meet other people in faraway states, keep track of them in case you move or they move in the future.

C - Clubs, specifically Real Estate Clubs

Real estate investor clubs are going to be the best place to build your buyers list, especially in the beginning. Pass out your business cards here and show off your established identity. You can find a number of real estate clubs near you to attend.

Taking the time to build and maintain a strong buyers list is one of the biggest mistakes I see investors make on a daily basis. Spend the extra time to build your personal buyers list and watch your business soar.

About the Author

Sean Flanagan went from dead broke, living off Ramen Noodles and selling used pallets from the roadside for $20 a day, to a self made real estate multimillionaire in under 2 years time. He now shares his secrets with thousands of students across the country.

He has a FREE audio course titled 7 Secrets to Making Big Bucks in a Slow Real Estate Market which you can get right now by quickly visiting http://www.yuckyhouseleads.com He also gives away a coaching program for new real estate investors where he offers a risk free trial to prove to new real estate investors how much money they can make with his program at http://www.yuckyhousesystems.com

Article Source: http://EzineArticles.com/?expert=Sean_P._Flanagan

How a Small Mistake Can Cost You a Fortune As a Real Estate Investor

Admit it: One of the main reasons you pulled the trigger on a Real Estate investing career is because of the potential you saw to pull cash in hand over fist over the next year or two as the market works its way through the pile of foreclosed properties. There's nothing wrong with wanting to secure your future and give notice to your boss that he or she will have to learn to get by without you. If you're going to do that, though, you'll have to get an education in real estate investing - and avoid some of the little mistakes that can cost you a fortune.

Some of the gurus like to stand up on the stage and go on and on about how they made mistakes on their way to overwhelming success, and there's no doubt that they're right. Where some of them go wrong is by wasting time giving a long-winded explanation about some huge, complicated mistake that nearly cost them the shirts off their backs.

Big mistakes are bad.

But it's little mistakes that can kill you.

For instance, assuming that all you need to succeed as a Real Estate investor is the little real estate investment course you bought after watching a guru's infomercial late one night when you were too lazy to stand up and walk the three feet to where you left the remote control. Admit it: They talked a good game and they got you - hook, line, and sinker.

The opportunity they told you about is real.

But a little bit of information and a lot of happy crappy isn't enough to make you rich. That little mistake could cost you more than you realize. It might just cause you to lose faith in your dream of real estate riches.

If you want good vibrations, drink Sunkist. If you want explosive Real Estate investing profits, get a real education. Learn more than just a brief overview or outline of real estate investing techniques, because the ability to make big money in real estate centers around how much you know, what you can do, and how you can do it. It doesn't hurt to be motivated to get started, but without a fully loaded arsenal of practical real estate investing knowledge, your options are as limited as your chances of true success.

If at least part of your education in real estate investing doesn't include learning how to actually do a subject to transaction or other common real estate investing techniques, you may as well be marching off to war with some cream cheese icing and an electric mixer instead of a weapon. My point is that when you're trying to invest in real estate you have to know how to do these simple transactions.

little mistake that could cost you a bundle in lost time and current, as well as future, profits, is the thought that a good mentor won't bring enough to the table to be worth the investment.

Not a good thought.

A good mentor can tell you a lot. Like some of the ways he or she managed to lose money in real estate investing. There are hundreds of ways you can structure real estate transactions that could have you whistling all the way to the bank. Unfortunately, there are thousands of ways to lose money in real estate. A mentor can fill you in on some of the gory details that could cost you an arm and a leg.

There are also little tips and tricks you could learn from a mentor that might take you years to learn on your own. Like knowing when to shut up when negotiating with a distressed property owner. In certain situations, your natural inclination will be to fill an uncomfortable silence with small talk or idle chatter.

Did you know that if you would just lean back in your chair and shut your mouth the seller might just concede your point, accept your offer, and you could strut out of their house with a signed agreement in your hand - an agreement that could put tens of thousands of dollars into your pocket?

Little mistakes like these can be reminders that knowledge and experience are critical to your success as a real estate investor. And lacking knowledge and the good judgment that could be passed on to you by a good - or even great - mentor are key ingredients in investing failure.

I know it's only money, but wouldn't you rather it be all the little things you do right that adds thousands to your bottom line rather than a bunch of little mistakes that wind up costing you a deal - or your dreams?

Go ahead, start your investing career. But whatever you do, aim for huge success.

Because little mistakes really stink.

About the Author
Sean Flanagan went from dead broke, living off Ramen Noodles and selling used pallets from the roadside for $20 a day, to a self made real estate multimillionaire in under 2 years time. He now shares his secrets with thousands of students across the country.

He has a FREE audio course titled 7 Secrets to Making Big Bucks in a Slow Real Estate Market which you can get right now by quickly visiting http://www.yuckyhouseleads.com He also gives away a coaching program for new real estate investors where he offers a risk free trial to prove to new real estate investors how much money they can make with his program at http://www.yuckyhousesystems.com

Article Source: http://EzineArticles.com/?expert=Sean_P._Flanagan

Phoenix Real Estate, How Far Have Prices Fallen

Some months ago, I wrote of two homes that had come onto the market due to the owner's need to re-locate (Phoenix Real Estate, No More Mr. Nice Guy) I will briefly re-cap the stories.

Couple "A" bought a phoenix home in March 2006 for $335,000, with a substantial down payment of $185,000; or more than 50% of sales price. Couple "B" bought a more grand home, also in Phoenix, in December 2005 for the sum of $530,000, with a 10% down-payment of $53,000.

This summer, both couples were in the position of having to sell, due to the fact that their employer was re-locating them. Here is how they fared.

Couple "A" sold their home for $230,000, which basically represented a loss of one third (33%) of the initial sales price. Because of their relatively low mortgage, as a result of their large down payment, they were able to actually walk away with some cash, even though their loss was substantial. If you estimate closing costs, including commission, at around 8%, they probably walked away with around $61,000.

Couple "B" sold their home for $363,000, again representing approximately a one third loss on the initial sales price. (Incidentally, that sales price of $363,000, is almost identical to the $365,000 this home had previously sold for in April, 2004. Demonstrating quite neatly, both the dramatic rise and precipitous fall of home prices in the Phoenix Metropolitan area in the last four years.) Unfortunately, in order to close this deal, by paying off the loan plus the closing costs, they also had to write a check of approximately $156,000 to cover the shortfall. Remember, this is over and above their initial $53,000 down payment.

As you can see, home ownership in Phoenix was a very expensive and unpleasant experience for both these families. In fairness, I think it is very unreasonable to expect to live in a home for 3 years, in a normal market, and do anything more than break-even. However, these losses were spectacular.

Now contrast these stories with those of the many people who bought homes, with no money down, using adjustable loans that they knew full well they would not be able to afford. Many of those folks have just walked away from their homes. I would argue that they were never really "owners" in the first place, as they really had no financial stake in their "homes". The very people who fueled the fires of greed that were instrumental in the rise and collapse of the real estate market get to walk away scot-free. Those who had invested their own money get burned. This is what happens when government interferes with the free market. They are also the people who are going to "fix" this problem. Don't you feel safe? One of their proposals, again completely contrary to free-market principles, is to delay foreclosures in order to keep prices up. Since when were high home prices a good idea? What happens when this temporary support measure expires? Do you think prices will then go up, or down?

As the late lamented Ronald Reagan said "The nine most scary words in the English language- I'm from the government, and I'm here to help."

May God help us all!

Gary Kiernan is a broker in both Arizona and California. He specializes in the Greater Phoenix area concentrating on Cave Creek, Carefree, Scottsdale, Phoenix and including Desert Hills, Anthem, Paradise Valley, Gilbert, Mesa and Chandler. To learn more about Gary and Cave Creek, Arizona and the surrounding communities please visit his website at http://www.garizonaproperties.com or you may email him at skiernanc21@yahoo.com

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Will the Credit Crunch Open the Door For a New Wave of Seller Financing?

Unlike a few years ago, most banks now require large down-payments, even for good credit buyers. The problem is that many good credit buyers in today's market are short on cash. One solution to this problem is for the seller to offer financing to the buyer. In fact, it is anticipated that soon 1 in 10 transactions may require seller financing.

Selling financing is a time-tested solution to tight credit markets, and easy to understand: some or all of the purchase price is financed by the seller in the form of a promissory note. Deciding whether to owner finance, however, is not so easy. Sellers have many questions - How do I structure, underwrite, and document it? What happens if the buyer defaults? What are the tax implications? If you are going to attempt this type of deal, first make sure you have 1) a good real estate calculator; and 2) an experienced real estate attorney and tax advisor. Then follow these Steps:

• Step 1: Purchase Price - You and buyer should agree to a purchase price;
• Step 2: Financed Amount - Determine the amount you are willing to finance. Consider a) how much you owe on your current mortgage; b) the loan amount buyer has been approved for; c) the maximum amount the buyer's lender will permit in seller financing.
• Step 3: Terms of Loan - Determine the interest rate, duration of loan, and amortization. There are many factors to consider. Interest only payments? Balloon? High default interest rates?
• Step 4: Underwriting - This is more art than science. Consider the "4-C's" of underwriting: a) Credit; b) Capacity to repay loan; c) Collateral (value of house); d) Character of buyer. Unlike a big bank, you will be able to create your own approval standards.
• Step 5: Documentation - Do NOT try to do this yourself. Get an experienced real estate attorney to draft the necessary documentation.
• Step 6: Closing - Go to settlement on the property as you normally would. Have your newly created mortgage recorded by the title company in the proper County land records. You can even get title insurance to protect your interest in the property.

But before you jump into owner financing, consider the following:

Underwriting: This may be difficult for a novice. If you don't know the buyer, how do you determine his character and whether he will pay you back? One tool is the credit report. Analyze any derogatory marks and dig deep into why these things may have occurred. Maybe a spouse died or someone lost a job. Remember - you have the underwriting flexibility a bank doesn't, so apply common sense.

Existing Loans: If you finance the entire purchase price of your home and you have an existing mortgage on the property, you will have to maintain that mortgage payment even after you sell your home. This is called a "wrap." However, you may be violating the lender's "due-on-sale" clause contained in your mortgage documents. This shouldn't be fatal to your deal, but it must be addressed.

Taxes: If this your primary residence or an investment property? You must address any capital gains/tax liability issues you may have. For instance, if you sell an investment property and finance the entire amount, you could still owe taxes at the end of the year - even if you didn't get any money at closing!

Default: Even with the best borrowers there is always a risk that payments will not be made as promised. If that happens, you will have to consider multiple options - from foreclosure to loan modification to a "deed in lieu." Your local real estate attorney can properly address these issues.

Note Selling: The note-purchasing business is bustling. Many sellers trade in long-term note payments for immediate cash. You could structure a long term note with the buyer and then sell it at a discount, while still extracting all the cash you originally wanted.

Seller financing will undoubtedly be some of the "grease" that keeps the wheels of real estate turning until the credit markets return, but be sure to have the correct professionals assisting you. This will insure that the deal is fairly structured and that there is a legally binding contract between all parties.

Jeffrey Shiller is a Maryland attorney specializing in real estate. He is a principal of The Law Office of Jeffrey P. Shiller, PA & Hard Money Bankers, LLC. His services include settlements, loan document production, and structuring creative real estate transactions and hard money deals. He can be reached at jshiller@crowntitle.com or http://www.viprealestatelaw.com

Article Source: http://EzineArticles.com/?expert=Jeffrey_Shiller