Real Estate Value

4 08 2008

What is real estate value? It isn’t what you have into your house. It isn’t what you feel it is worth. It is what the market will pay. How do you figure out what the market will pay? For single family homes, the best way is by seeing what similar homes have sold for.

Figuring replacement cost isn’t very useful. It’s difficult to say what land is worth in a city center where none is left for sale, for example, and tough to gauge depreciation of the home itself. Valuation from replacement cost is used as a secondary method, and for unique homes that can’t be compared easily with others. However, the primary method of real estate appraisal used for homes is a market analysis using comparable sales.

Real Estate Value 101

First find at least three similar homes in the same area that have sold within the last year, and preferably within the last six months. You can find this information is in county records (sometimes online now), or from a real estate agent with access to the multiple listing service. Make sure you have the basic sales information: sales price, terms of sale, description of the property, etc.

Here is how you use this information to find real estate value. Write down the selling price of your first comparable. Review the description item by item, adding to the sales price of the comparable for each thing it doesn’t have that your subject home has, and subtracting for each thing it has that your subject home doesn’t have.

This sounds confusing, but it will make sense once you try it a couple times. For example, if your subject home has a second bathroom, and the a comparable doesn’t, you add the value of the bathroom to the sales price of the comparable. If a comparable home has a blacktop driveway, and the subject home doesn’t, you take the value away.

What you are doing is rectifying differences, to see what the comparable home WOULD have sold for if it was just like yours. Suppose a comparable sold for $140,000, with one less bathroom than your subject home, and a bathroom is worth $15,000 in your area (ask a real estate agent for help with these figures). You ADD $15,000 for the bathroom it doesn’t have. You subtract, say $4,000, for the paved driveway it does have, that your home doesn’t have. $140,000 plus $15,000, minus $4,000 gives you a comparable sales price of $151,000.

Do this with all differences between the subject home and each comparable. Once done, average the three comparable prices. If, for example, the three comparables now have adjusted sales prices of $151,000, 162,000, and 149,000, add the three figures and divide by three. The indicated value of the home is $154,000.

All appraisal is an inexact science. You might only find comparables sold over a year ago, and have to estimate appreciation in the area. If a comparable sold with seller financing, you have to decide how much this affected the price. Still, for all of it’s flaws, for single family homes this is the most accurate method for finding true real estate value.

Steve Gillman has invested in real estate for years. To learn more, get a free real estate investing course, and see a photo of a beautiful house he and his wife bought for $17,500, visit www.HousesUnderFiftyThousand.com



Professional Advertising Copywriting Experts London UK

4 08 2008

Back from a nice week in Devon, doing nothing except walk on the moors and lazing about. Couple of calls to the office - “Anything good happening?” “Well, it’s good you aren’t here” - and that’s about it. Didn’t even bother to travel 30 miles to take up the offer of a free lunch at Cornwall’s most famous seafood restaurant though, as this was compensation for a lunch I had there last year that pole axed me for three days with food poisoning, my non-attendance wasn’t 100% sloth related.
Arrived to find an article - “How to Write a Job Ad” - left open on my desk (rather pointedly, I thought) which was vaguely thought provoking, though things like “most are full of corporate puff and management-speak…fail to give detailed information…generally don’t get the people you want” were a bit too sweeping for me (and I hate all sweeping statements).

Copy can be quite emotive, not least because it’s the one area of advertising that anyone can do - we don’t all know the media, we can’t all design, but we can all write - so we all bring our own opinions/pet hates to it. For example, there’s lots of things I don’t like; from “previous” experience (isn’t all experience in the past or previous?), “staff” as opposed to “employees” (I use a staff to round up sheep. Well, I would if I had sheep. And if I had a staff), “meticulous” attention to detail (you either have attention to detail or you don’t). None of these are likely to alter the response to an ad (which probably should be the test of whether any copy change is necessary in an ideal world) but I will still try and amend any of these, every chance I get, so the ad is done “my way”. To be honest, I can get a bit precious about my personal copy conventions (aka “he’s off on one again”), so much so that we actually have a little list of them that we refer to - hey, at least it ensures consistency. Though I like to think some of them achieve more than that - isn’t “attractive” salary a better sell than the rather dull “competitive”, isn’t “you” rather more personal than “the successful candidate”, isn’t “we thank all candidates in advance for their interest and would appreciate all replies by xxx” warmer than “closing date xxx”?

Anyway, back to the article where, after the ritual slaughter of almost the entire industry’s copy (”banal” was another description used), the authors laid out their modestly titled “Seven Golden Rules”, based on psychological research, to get to the people you want - “who are so busy being successful in their current job that they don’t have the time or inclination to read the recruitment section”. Ignoring the fatal flaw in this argument (if these successful people are too busy to read the recruitment section you could write an ad that could outsell the entire “Harry Potter” phenomenon and it still wouldn’t work, would it?), their rules were:

1. Be bold about job title, salary and location

2. Spell out what you want

3. Describe the job in detail

4. Use questions

5. Tell a story about why you are advertising the job but keep it real

6. Make applying easy

7. Fly your flag - put your logo in the ad.

On the face of it nothing much new there, although it was a shame that their own example of good copy for a sales position “you’ll be called in to clients when the door of opportunity has been opened, to provide the technical detail to close the deal” seemed to include the type of management-type speak they abhor and was too wordy - the one thing all clients dislike - because, for example, “you’ll use your technical knowledge to turn qualified leads into sales” says pretty much the same. In over 50% less words.

The idea of using questions (4) and telling stories, while keeping it real (5) are well known advertising techniques which, research shows, do boost response (questions involve the reader and make the process two way, while people do read stories). But I can’t think of many examples where questions can be, or are, used meaningfully in recruitment (interestingly, the authors don’t provide any examples) apart from the ubiquitous “interested?” just before the response details. Which, incidentally, is another of my pet hates - because if they aren’t interested, I’d like to know what they are doing reading the ad through to the end. Perhaps ploughing through ads of no interest is their sad hobby or something?

As for telling stories about why you are advertising the job, I have two issues. One, I’m not entirely sure that, if candidates see jobs advertised that they really want, they give a fig why it’s become available. And two, as a Golden Rule, it has the severe limitation that jobs only become available for a very limited number of publishable reasons - mainly growth or replacement (and, with the latter, you can’t, for example, advertise that you need a new FD because the last one was a total twonk), so I’m not sure how ad after ad repeating one version or another of these reasons enhances response to any of them.

Their other point about telling stories is that “recruitment sections read as if failure never happens so you should stand out of the crowd by talking about your failures as well as your success”. Hmmm. I can’t recall the world’s number one brand - Coca Cola - advertising much about the effects of all that sugar on your teeth (If any, of course - Legal Editor). I’m all for truth (or tooth. Ho! Ho!) in advertising but, in recruitment, think this should be limited to facts - which I’d have as a Golden Rule - and a description of the challenges or opportunities. Talking about your problems because “chances are, you want people who can handle problems. And good people want a job they can get their teeth (what’s this new dental fixation?) into, not one where the problems are all solved” isn’t particularly logical or realistic; I’d be interested to see if the authors could sell this “warts ‘n all” approach to any client, anywhere.

From my point of view, a recruitment ad is a little bit like riding down a few floors in an a elevator with your candidate - you only have a few seconds to make a favourable impression - so tone (friendly, personable), facts (turnover details, number of employees rather than “one of the largest”) and having a real selling point for the job are far more important than whittering on about the issues you face, asking questions and telling stories. I’m not that keen on their rule about describing the job in great detail either - a Marketing Manager knows what a Marketing Manager does most of the time without having every single detail spelled out as if for the hard-of-thinking.

Basically I’m still a big fan of the Price Waterhouse 1990’s research into recruitment advertising, just about the only objective work of this kind of which I’m aware. This found that candidates want straightforward adverts, giving facts, cutting out excessive jargon and glossy adjectives. That candidates get irritated by the over-use of words like “dynamic, pro-active, forward thinking, visionary etc”. That they get tired of “motherhood statements that tell us nothing”. That many simply find the text of advertisements hard to believe. And that popular stocking fillers like “growing, challenges, exciting opportunities” are not the winners any cursory glance at any recruitment section would have you believe. Quite the opposite.

They’re in fact seen as evidence of “mass corporate delusion”. Whoops.

Advertising and Website Design Company London UK



How to Install Neon & LED Under Car Lights

2 08 2008

So you’ve got your Neon or LED under car kit, and can’t wait to have it installed and running… am I right? No problemo, we’ll have you up and running in no time!

Just in case you’re wondering about how to install other neon or led lights sold at “out-lets” other then the All-Neon-Car-Lights.com website, I can assure you that most of the instructions that come with each of the various kits are easy to follow. They have been designed with the do-it-yourselfer in mind. (Or at least they “should” be). However, if you are in need of any special advise about a particular car lighting product, please continue reading, or you can contact us via the email link provided below and we will do our best to help you with your enquiry.

For some people, a car is a means of transport and nothing more. As long as their vehicle gets them from point A to point B and back again, has nice comfortable seats, a good sound system and a coffee mug holder, it serves all of its purposes well. And of course there are other drivers for which a car is much, much more — It can be an extension of their personality or an object of their fixation. In this huge world of automotive accessories, there is no product that screams louder than the underbody light kit for this type of individual. If you consider cruising in your car is among your favorite hobbies and you relish the stares of pedestrians and fellow-motorists, then a under car light kit may be for you.

These lights, which mount to the body around the perimeter of the vehicle’s undercarriage, come in kits that contain the elements you’ll need for installation. The “how to install under car lights” instructions that you’ll be directed to shortly, are fairly straight forward, but since it requires drilling into the body of the vehicle and substantial electrical work (depending on the kit you buy), it’s best left to the more experienced do-it-yourselfers. If this project seems a little too hard for you, rest assured that there is a growing number of custom shops that perform this type of installation. If you do decide to take on the installation yourself, which anyone can do with the correct instructions, be sure to purchase a kit that is compatible with your vehicle, and read and follow the instructions that come with the kit carefully.

Ever wondered how long car lighting kits have been around? Well Hot Rods were the first cars to have undercar lighting installed on them, (although, the lights were nothing like they are today) back before import and export was a big industry world wide. And today, thanks to the World Wide Web and the fact that import and export is now more commonly practiced throughout the world, they have become more popular then ever before.

So this is the reason why we set out to write up these “How to install under car lights” instructions, as they are *required* by people like yourself.

Our team of dedicated Market & Product Researchers and including myself, have spent an enormous amount of time & money installing under car kits from a variety of manufacturers, and as a result after all this testing, we can now provide you with generic instructions on how to install under car lights on your vehicle. We also found after this extensive testing was carried out, that Plasmaglow had the best, “all round” car lighting products available on the market today, outlasting and out-performing the competition in every aspect, hence the reason why we recommend their products on the all-neon-car-lights.com website.

As a related note, please keep in mind that the main issues we face with having neon or LED car lights on our vehicles these days is the fact that they are often frowned upon by the authorities. So to avoid any uninvited fines, its best to install neon lights under a car so as they can be activated through a separate switch rather than having them come on when the headlights are turned on. To do this, you can run a power wire directly from the car battery to the kits operating switch, thus by-passing the vehicles headlight wires.

The “How to install under car lights” instructions below have been designed & written with ALL “under car kits” in mind. These instructions will benefit those who have LED under car kits to install, and/or Neon under car kits.

Enjoy your new undercar lights, and drive safely.

Kind regards

Antonio Gabellone

Please choose the instructions below that suit your needs:

For LED under car lights installation instructions - visit:
www.all-neon-car-lights.com/how-to-install-led-under-car-lights.html

For Neon under car lights installation instructions - visit:
www.all-neon-car-lights.com/how-to-install-neon-under-car-lights.html

Antonio Gabellone is a enthusiast for all things related to neon/led car lights. His website, http://www.all-neon-car-lights.com, is a great resource of articles aimed at car lighting products with “life-time Warranties”.

Copyright All-Neon-Car-Lights.com 2005. Permission is granted to reprint
this article provided you supply a live link to the authors website.



To Optimize Or Not To Optimize

31 07 2008

Excessive optimization could be considered a sickness depending on context. Look up compulsive disorders in the Diagnosis and Statistical Manual of Mental Disorders (DSM-V) and over- optimization fits the description fairly well. So, should most online home business owners be seen by a psychotherapist? Well, I won’t answer that as of now since it doesn’t bode well for my immediate physical health. But one thing is for sure: web site optimization is tricky business.

The search engines are in an all out war to be the best. Since content is king, they are all striving to develop the all around best algorithm to deliver the most relevant search results. They are thus in a constant state of flux, which in turn wreaks havoc on our nerves as online home business owners.

You see, search engines are one of the best forms of free traffic. And we all know that to run a successful online business, traffic is a must. Most home based web businesses start out on very restrictive budgets. I know mine did, and still is. So, when the toss up is time or money, I, like many others probably do, chose to work with time.

In walks optimization. You must be on your toes to stay ahead of the every changing SEs. You must periodically evaluate your site’s content to ensure that you aren’t bumped to low indexes. But this can easily get carried away into what I like to call over-optimization, and then you probably should consult the DSM- V.

Traffic is important. There is no doubt about it. But there must be a balance. So the ultimate question is not whether you should or shouldn’t optimize, but how much time you should spend on it in terms of other site promotion methodologies.

Try to divide your time. In the beginning I focused heavily on search engine optimization. Slowly, after several months of realizing that the process never ends,(I too consulted the DSM-V and had Freud give me a swift kick in the tushy.) my focus began to shift to a host of promotion techniques. Here is a short list of some of the primary traffic generators I work with.

(1) Writing articles, such as this one, to share my experiences with others and of course provide a link to my site at the end. Guess what? If someone picks it up and decides to publish any of my articles on their site, I get bonus points from the search engines. Why? Reciprocal linking of course. The link shows that someone else values my site, and as a result my ranking increases.

(2) E-Zine advertising, whether it be free classified ads which a host of publishers will offer their subscribers, or full blown paid solo ads, is a great traffic generator. You know that the people who visit your site through an ad were looking for something that you offer. Now that’s targeted traffic!

(3) Traffic exchanges can also bring in targeted traffic. Many of these have the option of free or paid memberships. As of now I have focused on the free aspect (Remember, I love low, or no cost advertising.). All that is required is for you to do a bit of surfing to have your short ad show up on other sites across the internet. TrafficSwarm and ClickMatrix are two of the best I have come across. They allow you to target your ad to ensure that the people who click are serious about checking out your site. You can sign up for free accounts to both of these at http://www.trafficswarm.com/go.cgi?224700 , and http://www.clicksmatrix.com/index.php?ref=ekinetic .

(4) Pay-per-click can also drive targeted traffic. The thing I don’t care for is that the cost can easily get out of hand, if you don’t continuously evaluate your click through rates on a daily basis. Soon your back to focusing on pay-per-click and re- consulting with the DSM-V:).

Ultimately, you want to incorporate a handful of techniques that you find work for your particular home based web business. I nor anyone else can guarantee what works. It takes testing on your behalf. But, and this is important, the testing phase is educational and forces you to stay focused on methods that work. So try the inexpensive traffic builders first. Find out what works for you. Then expand your arsenal. Most of all, be patient and success will come!



Free Desktop Freebies - Get them now

29 07 2008

Are you looking for some free desktop freebies?

The Internet is hampered with free things and desktop freebies are no exception to it. Today one can find number of sites through which you can get free desktop freebies for your computer. All these freebies are easily downloadable on your computer. A proper search can help you download freebies that are totally safe and virus free. All you need to do is relax and select the best of desktop freebies for your PC.

Some of desktop freebies that can be downloaded free are:

a) Free Desktop Screensavers: Get a mixture of freebie screensavers that can be easily downloaded on your PC. You can find a list of screensavers including 3-D style screensavers, cartoons, sports, movies, fantasy, nature, cars, and the list goes on. All these screensavers can give a new realistic look to your computer. At the time of downloading any screensaver you will be notified about the time the screensaver will take to load. Find a site which is easy to navigate and ensures good quality screensavers.

b) Free Desktop Wallpapers: Today one can download different varieties of wallpapers for their computer. You can find a list of wallpapers including digital wallpaper, free terminator 3 wallpaper and freeloader wallpapers. You can also download digital wallpapers which include 3D and abstract wallpapers, animal’s wallpapers, people wallpapers, theme wallpapers, nature wallpapers and many more. Get digital car wallpapers in two screen resolution sizes including 1024×768 and 800×600. You can also download free cool wallpapers, which include images of celebrities, models, animations and so on.

c) Free Desktop themes: Today one can find different varieties of desktop themes for your computer. You can download desktop themes like actors, actresses, models, TV shows, TV personalities and so on.

d) Free Fun Buddy Icon: Desktop freebies also include fun buddy icons. You can choose from thousands of custom icons and use them in your AOL, Instant Messenger, Yahoo Messenger and MSN Messenger chat programs. Once you download fun buddy icons in your computer you will notice an addition to your Internet explorer toolbar.

e) Free Smiley: Looking for some cool smiley to express your feelings while chatting. Today one can find number of sites that provide free smiley of different emotions and style. All you have to do is just choose from a wide list of smiley. You can find animated smiley, cute smiley, fixed smiley, fixed non smiley, picture smiley, animated non smiley, board smiley, Unclassified funny smiley and lots more.

f) Free Cursor: Are you bored using the same cursors installed in your computers. Get free cursors for your computer through different desktop freebies sites. You can download autumn cursors, Christmas cursors, 3D Cursors, Angels Cursors, Beach Cursors, Cars Cursors, Funny Cursors, Cute Cursors, Golf Cursors, Food Cursors and lots more.

Isabella Rodrigues writes for 4freebies.info,
offering the latest information on freebies, visit them today and get the latest
information on different types of free stuffs.

Visit today: www.4freebies.info



Starting Your Small Business

28 07 2008

Where do you find more customers?

How do you compete with bigger businesses?

Answer. Build loyalty and rewards.

You may not have the money to
spend on advertising like your competitors do but you
don’t need it. What you need is added exposure,
added exposure that costs little or none.

One of the best ways is referrals. Getting referrals from your
customers reinforces new customers that they
should choose you because they can trust you and they will
be satisfied. A good way to track your referrals is to build a list and rank it. You can develop a database of your most loyal customers and the products they buy. How many are repeat customers? How many times per month/year are they repeat customers. Assemble this information and rank it to ensure you are spending your time wisely with your best customers.

Join local events. Get involved in your community.
Being involved in one event may spell the difference
between increased cash flow or stagnation.

You must remember that you are one of many businesses that
the customer can chose. You must give them an
incentive. Once you give them an incentive, reward
them and reinforce that they have made the right
decision. Actively pursing them to give you leads of
other people with the same problem or people that
may be in their industry and simply contacting them
will be a great start! Until next month.

For more information check out
http://www.usabusinessgrowth.com

Mr. Des Marais has operated small businesses for over 20 years. He has been a consultant and held positions in some of the fastest growing companies in Canada. He has held past management positions in retail, tourism, hospitality and sales for a variety of companies. He has increased sales by 200% in 2 months for an herbal doctor; increased sales by 30% in 4 months for a major Canadian Big Box Retailer and helped several entrepreneurs develop and sell their business. His expertise is in the area of growth and business development. He has also been involved in developing business chapters in cities across Western Canada. In terms of charities he has been involved with several groups including Habitat for Humanity, United Way and local city soup kitchens. In terms of Business Development and mentoring Mr. Des Marais has volunteered with S.E.E.D.S mentorship review committee, ACE, YEA and university.



Are You Measuring The Right Outcomes?

27 07 2008

How many minutes are in a year? My niece, Sarah, and her third grade classmates sang a song from the Broadway show, “Rent.” The song breaks down how many minutes are in a year and asks us how many ways we count a year. It’s catchy. I’ve been humming the song all day, but I don’t remember how many minutes it turned out to be.

Measuring is important. Figuring out what to measure is even more important. I just finished speaking about precise communication. I can’t imagine a more precise way to communicate than through exact quantities. How many times must something happen to know that it is successful? How much money must you earn to cover the cost of an endeavor? How much time is needed to determine when something is working or not working?

There is no key to answering those questions. Your comfort level will determine how much of a risk you want to take. It will also determine when you do your measurements. I developed a terrible habit a few years ago. I learned to do all of my banking and trading on the internet and I became obsessed with the movement of money. I put a lot of energy into trying to do the right things but all it did was cause anxiety. Some information is not meant for daily consumption.

Working with government agencies taught me to plan ahead for measurements. Daily feedback was fed into monthly reports which were then compiled into annual reports. Summaries were distributed and a major piece of the full story of our efforts was available for all to see. It wasn’t the whole story, but numbers can tell you a lot.

After an organization has finished their mission statement, the next question is “How will you know when you have achieved your goals?” I always suggest having some quantity in mind. How many calls did you answer? How many people did you serve? How much money did you make? The biggest mistake that an organization can make is having ideals with no ideas.

Statements like “We want to help educate our community” and “We want to help single mothers” are common. How will you help? What services will you offer? How often? To how many? Effectively serving people means that you have to be realistic about your capacity to serve. No one has unlimited physical resources, in fact, one of the best ways to measure your capacity is to look at your resources. Personally, I never count anything that I don’t have yet. You can always add things and expand, but its very difficult to recover when you have exhausted all of your resources.

The biggest complaint that I hear from churches that are growing is that the employees and volunteers are overworked. The church’s effort grew faster than expected or involved many tasks that no one anticipated. In my work with those churches, I find that the big picture of “helping humanity” blinds the decision makers to nurturing talent and reserving energy.

Beginning with the end in mind is crucial, no one should lose sight of the goals. Bringing someone like me in to break down tasks and insert evaluation tools is also important, but its not nearly as exciting. Yes, I can be a buzz killer, but someone has to keep in mind that you are in it for the long haul. Doing everything right now will not work when you don’t have everybody and everything you need.

Organizations need guidance to grow in a positive direction. We have all seen the rapid decline of very good ideas. There are ways to determine if you are on the right track before your growth is out of control. How you measure this year will be different than how you measure next year. New people and new resources will likely send you in directions that you cant even imagine right now. Patience and even a tiny commitment to precision can make a world of difference from the beginning.

I pulled out my calculator - 525, 600 minutes. That’s how many minutes are in a year. Now I know that I am humming the right tune.

Dr. Yvonne LaMar - EzineArticles Expert Author

Dr. LaMar researches, writes, and speaks about mentoring relationships among professional women. She also consults with growing businesses about how personality and processes can affect workplace dynamics. Her books “God Provides The Sacrifice: Women Discuss Making Their Hardest Decision” and “Drama Free Workplace” can be purchased in e-book format and paperback from her web sites or by calling 806-203-4094.

http://www.DrLaMar.com

http://www.DramaFreeWorkplace.com

http://www.PhenomenalWomansGuide.com



What happens to the eyelids to make them look aged?

27 07 2008

This excess skin can occur above the eyes in the upper eyelids or below the eyes in the lower eyelids. Extra skin and puffy eyelids can be present simply from being born with a tendency to form baggy eyelids.

Saggy, stretched skin can also form as part of the aging process. Medical conditions like sinusitis or recurrent allergies can cause repeated swelling and contraction around the eyes as well. As skin stretches and descends, extra tissue accumulates around the eyes. Furthermore, the firm tissue that normally holds back the natural fat pads around the eyes can also stretch. The weakening of this tissue allows the fat pockets around the eyes to bulge forward, causing puffy bags to form around the eyes in conjunction with the hanging, loose skin.

The goal of Cosmetic Eyelid Surgery, or Blepharoplasty is to revitalize droopy and puffy eyelids so that the appearance of the eyes communicates the energy and vitality that one feels inside. A good candidate for blepharoplasty wants to restore a more youthful and rested appearance to their eyes. Droopy or baggy eyes communicate to others a sense of fatigue, disinterest, and senescence. Many people simply don’t want their face to express to others these qualities when they feel quite the opposite about themselves. The best candidate for cosmetic eyelid surgery wants their appearance to better communicate their feelings of youth, energy, and vitality.

Daniel Ebroon - EzineArticles Expert Author

Dr. Daniel Ebroon is an Ophthalmic Plastic Surgeon which means he specializes in plastic surgery of the eyelids. Cosmetic eyelid surgery (also called blepharoplasty) is cosmetic surgery that rejuvinates tired looking eyes. To Learn more about Cosmetic Eyelid Surgery, please visit Dr. Ebroon’s websites at: http://www.ebroon.com and http://www.cosmetic-eyelid-surgery.com



Globalization - Economic Dimension

24 07 2008

In simple terms, the phenomenon of ‘globalization’ is perceived as increased inter-connectedness of the world (Papers4you.com, 2006). However there are three primary defining pillars of globalization that includes cultural, political and economic dimensions (Potter, 2002). It was argued that ‘cultural globalization’ is increasing convergence of cultural styles on a global norm, with that norm being codified and defined by the global capitalist system. Now cultural values and norms are shared and adopted among people in a way where we are giving rise to one global culture. Similarly it was asserted that ‘political globalization’ is regarding as erosion of the former role and power of the nation-state.

On the other hand, Potter (2002:192) defines ‘economic globalization’ as economy where “distance has become less important to economic activities, so that large countries sub-contract to branchplants in far distant regions, effectively operating within a ‘borderless’ world”. However Inoguchi (2001) attempted to differentiate between international and global economy. International economy suggests importance of national economies working as units under national states as a result the international economy concerns activities that take place among various ‘national economies’. However global economy describes unity of globe where geographical distance is no longer obstacle to economic activities. It also implies aggregation of the movement of goods and services worldwide together with their concomitant activities including movement of technology information and currencies without ‘tyranny of distance’.

The economic globalization was flourished in 1990s and many examples can be taken to validate this argument (Papers4you.com, 2006). For instance Western European integration was first step towards economic globalization by European countries through signing Maastricht Treaty in 1991 that lead to creation of single market in 1992 and set base for European Union that was on full operation in 1999. Similarly 12 members of European Community and seven members of EFTA formed European Economic Area for free trade including 380 million people and accounted for 40% of world trade (Meredith & Dyster, 1999).

How ever it was the signature on First Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations in April, 1994 that developed the official foundation of first real concept of borderless global economy (LeQuesene, 1996). The primary aim of Uruguay Round was finalizing ways to reduce tariff barriers in developed countries as well as reduce non tariff barriers like elimination of safeguarding, antidumping restrictions and voluntary export restraint (Meredith & Dyster, 1999:291). Currently, WTO is a body looking after ensuring economic globalization primarily through trade liberalization.

These attempts resulted in boom of what is known as ‘global economic convergence’, that is ‘global integration of product’ (through world’s top manufacturing companies’ global operations by conducting planning, production and joint research with companies of myriad nationalities and outside their home countries) and financial markets through currency trading, baking and loans and investment in bonds and equity leading towards global homogenization (Kenworthy, 1997).

References

Inoguchi, T., (2001), ‘The World Economy’, in Inoguchi, T., (eds) (2001), Global Change- A Japanese Perspective, Hampshire: Palgrave.

Kneworthy, L., (1997), ‘Globalisation and Economic Convergence’, Competition and Change, 1997, Vol 2

LeQuesne, C., (1996), ‘The Uruguay Round’, in LeQuesne, C., (eds) (1996), Reforming World Trade, the Social and Environmental Priorities, Oxford: Oxfam

Meredith, D., & Dyster, B., (1999), ‘International Economic Impacts on Australia in the 1990s’, in Meredith, D., & Dyster, B., (eds) (1999), Australia In The Global Economy- Continuity and Change, Cambridge: Cambridge University Press.

Papers For You (2006) “P/B/653. Negative effects of globalisation”, Available from http://www.coursework4you.co.uk/sprtbus18.htm [19/06/2006]

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Copyright © 2006 Verena Veneeva. Professional Writer working for http://www.coursework4you.co.uk.



One Way To Buy A Cheap House

24 07 2008

One of the simplest ways to buy a cheap house is to make a low offer. Sometimes called a “lowball” offer, this is a basic ploy used in real estate and many other negotiations. Everyone knows the technique, but most are afraid to use it. It can be a waste of time if you don’t do it right, and it can be embarrassing, but it also can get you a cheap house.

A very successful real estate investor once told me,”If you aren’t embarrassed by your offer, it isn’t low enough.” He’s made millions in real estate, so I think he’s worth listening to. However, you need to understand that a truly low offer isn’t going to be accepted most of the time.

In fact, it will almost never be accepted. Does this mean it is a waste of time? Not at all! There will often be counter-offers, and a low initial offer is just a way to alter expectations.

Buy A Cheap House By Lowering Expectations

Once, when I was selling my car, a really nice guy looked at it. After crawling under and inside the car, he politely offered me half of what I was asking, and left his phone number (I said no). I wondered what was wrong with the car, and I found myself hoping I could get just a bit more than that half-price offer. My expectations had been altered quickly. Fortunately for me another person gave me the full asking price before I decided to pick up that phone.

The idea of a low offer then, is to alter expectations. If a seller is asking $200,000, and you offer $160,000, will he accept your offer? No. He’ll almost certainly reject it. Buying a cheap house isn’t going to be as easy as that.

However, he may counter-offer. Now suppose you go back and forth, and eventually agree to $182,000. He not have considered going this low before, but now it seems like victory to him after starting at $160,000.

The downside? You will lose a lot of potential homes this way. Some sellers won’t even take subsequent offers seriously once you have offended them with your extreme offer. This then, is a technique to use when you have time to find that home, and really want the best deal you can get.

One investor in California routinely made dozens of offers at a time on houses. He didn’t even look at them, but wrote the offers for 25% less than the asking price (he did include an inspection contingency to protect himself). Most of the sellers said no - most, but not all. He repeatedly got great deals in this way. That’s one way to buy a cheap house.

Steve Gillman has invested in real estate for years. To learn more, get a free real estate investing course, and see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com