Idea people are the ones who win most of the desirable places in the world.
The person who can create something new and different is wanted and needed.
He or she are in demand for their ability to develop ideas.
Those who achieve conspicuous success in business and advertising, in radio, television, music, science, drama, literature, journalism, in politics, society, and indeed all the professions and walks of life can attribute the large portion of their success to their capacity for getting and using their ideas.
Your success as an idea producer has nothing to do with your education, race, age or experience .
You do not have to be a scientist, a technician, a writer, an artist. If your idea requires skills in these directions you can hire them later if needed.
Successful ideas come from persons in all walks of life, all ages and the least experience.
No credentials are needed to go in the idea producing business. Even the sick and handicapped can participate in this rewarding activity.
Manuel Iroala is President and CEO of Homekeys. Charles Warnock is Marketing Communications Manager at Homekeys, a South-Florida based real estate and technology company. This article can also be found at www.homekeys.net
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The Art & Science of Property Valuation
It is no secret that sellers want to sell high and buyers want to buy low. But they often arrive at the negotiating table with very different ideas on price. A fair and objective property valuation can help buyers and sellers find common ground and streamline the negotiation process.
In the end, the property is worth what a buyer is willing to pay. But to help both buyers and sellers achieve their goals, both should have a fair and objective estimate of property value. Unfortunately, even objective estimates are still estimates, and there is no way to assure 100% accuracy:
* Appraisals performed by a certified appraiser are not 100 percent accurate.
* CMA's (Comparable Market Analysis) and BPOs (Broker Price Opinions) performed by a licensed broker or agent are not 100 percent accurate.
* AVM (Automated Valuation Model) technology is not 100 percent accurate.
All these methods, when properly executed, can provide a good indication of value. Estimating value is a combination of art and science. Regardless of how scientific the approach, the actual sale price is subject to the unique variables of each property transaction: property condition, upgrades, current market conditions, circumstances of the sale and individual tastes.
For property owners, pricing correctly is a key to a successful sale. Under-pricing can result in a fast sale, but carries the risk of leaving money on the table. Sellers who price too high may find their properties lingering on the market, and statistics show that values can erode at a rate of about 1.5 percent per month. Longer sales also increase the likelihood of a “distressed sale” when sellers become frustrated or encounter difficult financial circumstances.
Likewise, buyers should avoid emotional purchases. Overpaying because of falling in love” with a home is common. Homekeys' ValueKey Technology can help establish an objective, unemotional baseline for buyers and sellers so distressed sales and emotional purchases become the exception, not the rule.
The science of AVMs
To determine a good baseline value for a property, use Homekeys to search thousands of property records for comparable sales or “comps.” Homekeys' ValueKey tool uses advanced statistical models and proprietary algorithms and formulas to find the best comparable properties available. In addition to property characteristics, the system evaluates how recent comparable sales are and how close properties are from the property being evaluated. Once a base property value estimate is determined, it's time to check active listings to see what similar properties are selling for. ValueKey searches both owner- and broker-offered active listings to find the most comparable properties available.
The art of AVMs
The art portion of estimating value begins with understanding how comparable sales and active listings compare to the property being evaluated. Since they are nearby, it's a good idea to drive by comparable sales and listed properties to see how they compare. To help you stay organized, you may want to use a buyer checklist when visiting properties.
After researching comparable sales and active listings, it's time for the personal touch. Sellers know their own property and neighborhood better than anyone, so they are able to adjust base values according to individual property characteristics. Buyers can make similar adjustments as they visit properties to help formulate an asking price.
Depending on your research, a “market adjustment” may be warranted. If active listings are priced higher than your base estimated value, an upward adjustment may be appropriate. If prices are lower, a downward adjustment might be in order.
Finally, ValueKey enables buyers and sellers to make other value adjustments based on individual property characteristics and condition. Based on a seller's knowledge or a buyer's research, appropriate value adjustments can help both parties arrive at a fair selling price.
And though no property valuation system is perfect, AVMs can provide objective valuation estimates quickly and inexpensively, and the technology is improving all the time. As AVM technology continues to evolve and improve, it may prove to be a key to less-stress, more enlightened real estate transactions in the future.
Learn more at http://www.homekeys.net
About the AuthorManuel Iroala is President and CEO of Homekeys. Charles Warnock is Marketing Communications Manager at Homekeys, a South-Florida based real estate and technology company. This article can also be found at www.homekeys.net
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We are all inventors in minor things. The one who would improve a thing must realize its present qualities and its possibilities; must recognize that the possibility of perfection outweighs the probability of imperfection.
We do not, for example, believe that violin strings have been made to create horrible discord, although the probability of discord is far greater than that of harmony, and for one who can play the violin, there are thousands who cannot.
To get an idea, observation is the first requisite, analysis the second, faith the third. Without observation, the need or opportunity would not be recognized. Without analysis, the method would not be devised. Without faith, the impulse would be lacking. The successful effort, then, combines a physical, a mental and a spiritual activity—in other words, a union of all our available powers directed toward a single goal.
Perhaps this sounds harder than it is. How does one create in nature? One plants a seed. One allows it to germinate.
Surely that is a simple pattern. But it involves the same three points Observation.
You see a need or a chance to grow a certain thing. Analysis. You do not plant a grapefruit seed to grow a beet.
You consider the conditions and other factors. Faith. If you did not expect a grapefruit plant to grow from a grapefruit seed, you wouldn't bother in the first place. We must keep a sense of direction toward our goal.
A traveler in Rome asked someone, "If I go straight from here, how far is it to the Vatican?" "Well," was the reply, "if you keep straight on the way you are going, it is nearly 25,000 miles, but if you turn around and walk the other way, it is about a mile and a half."
Continued from ....How to Get IDEAS by Estelle H. Ries
Idea People Win
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