 0% apr chase
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Intro APR:
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Issuer: Mortgage-Refinance
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There are too few homes available, and the good ones are snapped up in a hurry! There are usually 6000 + resale homes on the market at any time. As of January 1st, 2006 there were 900 homes for sale.Recently I heard of a case in Silver Springs where the sellers received 33 offers on their home in 4 days! What chance do you have to buy a really nice home in a market like this?. Here's what I've learned about how to succeed in this kind of market. I call these rules "The Seven Seller's Market Strategies!"RULE #1 - PRE-APPROVALDo you want to get the best house you can for the least amount of money? Then make sure you are in the strongest negotiating position possible. You see, price is only one bargaining chip in the negotiations, and not necessarily the most important one. Often other terms, such as the strength of the buyer or sale of their existing home are conditions critical to a seller.In years past, it has been recommended that buyers get "pre-qualified" by a lender. This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on the answers, the lender pronounces you "pre-qualified" and issues a certificate that you can show to a seller.
Sellers are now aware that such certificates are WORTHLESS, and here's why! None of the information has been verified! Oftentimes unknown problems surface! Some of the problems I've seen include recorded judgments, child support payments due, glitches on the credti report due to any number of reasons both accurately and inaccurately, down payments that have not been in the clients' bank account long enough, etc.So the way to make a strong offer today is to get "pre-approved". This happens AFTER all information has been checked and verified. You are actually APPROVED for the loan, the only loose end is the appraisal on the property you want to buy. This speeds up the process considerably and may give you the competitive edge.. Now it's like having cash to take to the seller! In a situation where the sellers have several offers to choose from, they will choose the offer from a buyer that's PRE-APPROVED.RULE #2 - BETTER THAN DAILY SEARCHWhen you first start looking, it's possible that there will be nothing available that you like. So then what? Your agent should then begin hunting for you and watching for new listings that match what you're looking for. Your agent should be checking at least once a day and preferably more often.There have been cases recently where a house was listed on MLS and received an offer before MLS had time to put the listing online. See if your realtor has a computer program that alerts him or her whenever there is a new house on the market that meets your requirements. They can fax, email, or call you immediately with the information. You'll be there before other buyers even know about it!RULE #3 - SUPER SPEEDAs soon as a listing hits the market, it becomes a race. Who can get there the fastest? In this market, you need to be prepared to drop everything, leave work, or do whatever it takes to go see a property. It sounds extreme, but I'm very serious about this. Time is of the essence. Don't think that you'll take a look at it this weekend. It could be sold by tonight.And be prepared to make an offer on the spot. That means bring your chequebook and be mentally ready to make a decision. Some realtors are now printing up offers when they visit a home and filling out the amount in the car. Offers can come in minutes apart. The fastest buyer wins out.RULE #4 - NO COUNTER OFFERWhen we make an offer, we'll make it with the intention that the seller will accept it. We don't want to get a counter if at all possible. If the seller counters us, then there's a very good chance another offer will come in before we can accept the counter.For this reason, we try to make the offer as palatable as possible so the seller can accept it right away. This means we give the sellers their choice of services, avoid all contingencies, and steer clear of any terms or conditions out of the ordinary. I used to think that by trying to get "a little extra" out of the sellers for my clients, I was doing a good job for apr 0% chase them. And in the past, that idea worked. But try that now and you lose the house altogether.At frist I struggled with this, and I felt that by giving the seller everything they were asking for, I wasn't being a very good negotiator for my buyers. But I got over it. Doing a great negotiation and losing the house isn't good service. Telling the truth about what it takes to win in this market is the kind of service you want.RULE #5 - THE PRICEBetter sit down for this one. The asking price used to be the price the seller hoped to get, and the one that offered closest to that price bought the house. That's no longer true. Now the asking price is the MINIMUM price, the base price to begin making offers. It's the minimum bid if you will, the starting price at the auction. Make no mistake, for a hot property in a hot location, there will be multiple offers, and they will be more than the asking price.RULE #6 - BEST OFFERBuyers have lost a property by offering less than the asking price. The sellers accepted the other buyer's offer over yours, even though they were both for the same price. Why, you ask? Because the other buyer's offer was higher than ours originally.Now I know that this makes no sense. The bottom line is the same, so why does it matter whose offer was better originally? I'm not a psychologist but I know that it works.RULE #7 - THE BIG PICTURENow I know that all this sounds like we're rolling over and playing dead for the seller. We're giving them everything they want, and then more. But we'll have the last laugh. We'll be laughing because we bought a great house in a rising market, beating out the other buyers! Is it really a big deal to pay a couple thousand more when the house will be worth 20 or 30 thousand more next year?The Calgary market is appreciating at anywhere from 10% a year right now. That means that if you don't buy the house and it takes you a month to find another one, the price will be a few thousand higher anyway. So are you really paying too much? It's all in how you frame it in your mind. Don't think you're losing when you pay over the asking price, you're actually winning. Next year you'll look back and say what a genius you were for making such a smart move.
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You’ve probably received several credt card offers in the mail, and the outside of the envelopes scream interest rates and promotional offers to try and entice you into opening it up and looking at what’s inside. Chances are, if you have an email address, you’ve even received a few creit card offers through that address- bright colors and animated graphics trying to convince you that there vard has the lowest initial imterest rate, or the longest transfer balance rate of all the available credit cards on the market. All of the offers will look good at first glance; after all- that’s what marketing is about, right? According to Merriam-Webster’s online dictionary, marketing is a noun used to describe “the act or process of selling or purchasing in a market, and the process or technique of promoting, selling, and distributing a product or service.” Credit card companies are in business to sell you their credit cards, and they’ll use a variety of promotional materials to get your business.
The outside of your crdeit card offer’s envelope might say something like, “LOW 0% Initial Intrest Rate on all purchases and balance transfers”, but there is much more to how a crdeit card’s interest rate is calculated than that statement reveals. Initial interest rates are sometimes referred to as the card’s promotional rate, or teaser rate. In all honesty, an initial interest rate is basically the same thing for a creit card as a sale is to a retail store. Retail stores advertise their products that have a discounted price for a limited time to attempt to bring people into their establishment to buy the sale item, but also because once you are there, they hope you’ll purchase other products. Credit crads offering initial interest rates are basically putting their standard interest rates “on sale”, because for a limited time, new cardholders will receive a lower than usual rate on purchases, and sometimes also on any balance you transfer from one of your other credit cards onto this new card. What you need to understand about initial intreest rates is that they really are “for a limited time”, and just as you couldn’t go to your favorite store and buy items this month for the sale price that was offered the previous month, you can’t extend a credit card’s initial intreest rate beyond the terms they specify (often found in the small print!) What you’ll want to look for in the text of the materials that were sent with the initial imterest rate cards promotional documents is reference to the cards ongoing annual percentage rate (ARP). This is the interest rate that you will pay once the initial interest rate period has passed. (The regular price of an item after the sale has ended!)
Initial intrest rates will also come with terms of agreement, in the form of a contract, which give reasons as to how or why the rate might be terminated by the credit lender. The most common reason to terminate the initial interset rate offer is for making a late payment on your card, and if you read the fine print of the credit card agreement- you’ll note that it states this very clearly. In order to keep the promotional, lower rate for the time specified by the credit card lender, you must make every payment on time. If you are late with a payment, you can expect the interset rate to jump to the ongoing APR, or in some cases, higher because you have defaulted on your contract agreements, so do everything you can to make sure your payments are made on time.
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