The Prep P

In these uncertain economic times... I cannot tell you how upsetting it for me to hear people buy into this garbage. What is so uncertain about them? People will always need to eat and have a place to live. Those two things alone will keep parts of our economy moving along as they always have. Think about all the other things people need and you will find ways in which our economy is not uncertain. Lets call these times challenging. Like any challenge, this one too can be met.
As a seller in this market you simply need to meet the challenge. The Three P's, Price, Prep and Plan are more important than ever. Prep however is becoming even more important. Money that you put into your home to prep it for sale is not money you can add to the asking price but the best way to keep potential buyers from discounting your asking price.
No matter what your asking price, many buyers will see the price, see the deficiencies and do the math. Limit the deficiencies and limit the discounting that buyers will consider when they write an offer.

The 8 Year CD

Would you buy an 8 year CD that paid 8%? That is a long time to tie up your cash and the minimum investment is probably about $40,000. Not such a great deal. You could put that money in the market and do as well (in a pretend place where the market does well). What if I told you that the 8% you were earning was not on your original $40,000, but on $200,000. Would that change you mind? So now you can get a return on money you never had. That my friend is called leverage. Multiply the power of your original investment by five and you come up with a number called cash on cash return. That is how the rich get richer, with other peoples money. Even in this brave new world you can still do it. There is no time like now.