Sourcing and Suppliers: 5 Tips to Get Started

If you are looking to find out more about sourcing, you are on the right page. In the world of business, this term refers to several procurement practices. The aim of these practices is to find, evaluate, and engage goods and services suppliers. We will also discuss a few important tips that can help you choose the best supplier.

As said earlier, sourcing is not limited to looking for a product. It also involves finding a product. The problem is that looking for and choosing a good supplier is not a piece of cake. They have different personalities, experience and knowledge. Therefore, you may want to check out their services as well. Read on to find out more.

1. Know about the Supplier

Before you choose a supplier, make sure you are familiar with their factory or plant. As a matter of fact, this is the first thing to consider when finding out if their products are good enough.

What do you need to look for in the factory? You can check for things, such as hygiene, size of the factory, their quality control process, product packing system and so on. You can ask them for pictures to ensure what they are saying is true. After all, you may not want to end up working with a shoddy supplier.

2.Negotiate the Price

When looking for the right product, make sure you get quotes from at least 3 to 5 suppliers. You may want to check the specs and price. Afterwards, you can negotiate the price to get the best deal.

This is important if you don’t want to be ripped off. The idea is to reduce the price and get the products you want.

3. Figure out the Total Cost

After you have negotiated the price, your next step is to figure out the total cost. The total cost will include a lot of elements, such as VAT, tariff, shipping costs, delivery costs and so on. If you make a list of these cost elements, you will be in a better position to get the best estimate. This will also tell you if the product will be able to sell or not.

4. Sign a Written Agreement with Supplier

It’s important that you sign an agreement with the supplier. This is important to ensure there will be someone that you can hold responsible in case the products you receive are defective. Make sure that the agreement talks about all the terms and conditions.

5. Write Down Everything

The agreement must be written, not verbal. The agreement document should cover all the important details, such as the estimated CBM, delivery, trade terms, packaging, balance amount, rate of currency, down payment, dimensions, material and color, to

Long story short, if you want to choose a good supplier, we suggest that you consider the 5 tips given in this article. This will ensure you get the best supplier along with the best deal. Plus, it can save you a lot of time, money and hassle.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Shalini M

Methods to Preventing Foreclosures – Pros and Cons of Short Selling!

Some folks are wondering how short sales can possibly be a good thing when money is lost on the deal; well here are some points to consider when weighing in the pros and cons of it.

Short selling allows you to maintain a certain level of dignity in knowing you sold your home. It was not sold in a public auction, you were not embarrassed by a foreclosure, and to a certain degree you controlled the proceedings. People misunderstand the degree with which foreclosure becomes public knowledge; public sale notices can be hung from the property or posted on the door. Some folks just cannot handle this style or level of embarrassment and will do anything they can to avoid it.

Under leading lenders guidelines, short selling will allow you to obtain the eligibility to own a house a lot faster than if your previous home had been foreclosed. The potentially time for a short sale home owner, is 2 years. As opposed to a foreclosed home which can be anywhere from 5 to 10 years.

You also get the pleasure of meeting the new owners. This may not seem like a benefit to some folks, but it really can be a pleasing experience. Instead of being on the outside looking in, you are right involved in the action and are acting like any homeowner would! To the casual observer things would look absolutely normal and you would have absolutely no reasons to feel embarrassed.

On the downside of short selling, there could be a tax bill in your future. The difference between the sale and loan price, being the amount the lender is forgiving, can in fact be considered income and can result in you having to pay a potentially hefty tax bill that some real estate agents and other folks may fail to mention.

The target on the backs of folks close to foreclosure becomes a bright neon sign and magnet for scam artists. When you are panicked and trying to remedy this potentially embarrassing situation, some businesses and agents will offer a quick way out that will in fact look too good to be true, and usually really is too good to be true. Whenever you think the offer looks too sweet, research the person, research their business, and research everything about them. Protect yourself by being equipped with every ounce of information you can possibly have!!

Also beware of lazy agents. A poor choice in real estate agents can sink a short sale before it begins. You need to select someone with extensive short sales experience and that has a strategy in place that does not involve milking you for every penny they can!

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Edward J. Carlson

Short Sale Foreclosure

With the record number of foreclosures resulting in record number of people looking on the

internet for help in avoiding or stopping foreclosure, there has to be a mixture of terms that

people do not understand. Short sale foreclosure is one such term.

Actually, there is not such thing as „short sale foreclosure“. But the terms are related. Here’s how.

Foreclosure is the legal process which a mortgage lender uses to take possession and ownership

of a home where the borrower (home owner) has not made his monthly mortgage payments.

Foreclosure is sort of like car repossession when someone has not made his car payments.

However, there are a lot more legal steps to take.

A person facing foreclosure has to pay the mortgage lender in order to stop or avoid foreclosure,

but there are options on how to pay. Unfortunately, not every option is available in every

situation. For example, a mortgage lender may be willing to delay a payment, but the borrower

may not be able to make the payment even if it is delayed.

One option that is available sometimes is a short sale. A short sale is when a borrower sells his

home for an amount short of the actual amount owed on the home loan. For example, a person

may actually owe $100,000 on his home loan. The lender may accept $95,000 if the borrower

sells the home.

Lenders are not required to accept short sales because they will receive less than the actual

amount owed on the home loan. However, because of the cost of foreclosure, cost of maintaining an empty home, and the unknown time and price to sell a home, a lender may be willing to

accept a lesser payoff. It may save the lender money.

In summary, there is no such thing as short sale foreclosure. Short sale is an option that is

available in some cases to avoid or stop foreclosure.

This article is general information. If you have any questions of any nature about avoiding

foreclosure, talk with a lawyer licensed in your state.

This article may be republished, but the wording must not be changed and the author links below

must remain active.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Steve Bingman

Short Sales – The Lowest Offer is Not Always the Best Offer

I spend a lot of time training real estate investors to do Short Sale deals, and  I recently heard from an investor who was trying to purchase a home from a seller facing foreclosure. The investor wanted the homeowner to sign a purchase and sale agreement with an addendum stipulating that the seller will sell the home to the investor if the investor can get the mortgage lender to accept a short sale.

Unfortunately, the homeowner asked for advice from an attorney who obviously doesn’t know much about how short sales actually work. The attorney advised her client not to sign the purchase and sale agreement, on the grounds that it would restrict her client’s ability to market the property to other clients.

Here the lawyer is protecting her client from a potential mosquito bite by throwing the client over a cliff and onto the rocks below.  She is 100% correct that the documents prohibit the client from continuing to market the property or taking other offers.  That is the very purpose of the purchase and sale agreement – to tie up a property so the buyer can spend the time and energy necessary to prepare for a purchase without fear of the seller going to get another „even better“ offer from somewhere else.

A Short Sale does not require a public auction to get the highest price for the lender. If the seller has the time and the knowledge and the resources, they might consider holding a public auction to find the person who will bring the highest offer, but most sellers in need of a Short Sale to sell their house don’t have the time or money to undertake the expense of hiring an auction company or the time to wait around for the highest offer.

Besides, the seller doesn’t need the highest offer, they need the best offer and the best offer for a seller facing foreclosure and in need of a Short Sale is one from someone who can successfully weather the Short Sale journey and get to a closing.

The best buyer for a Short Sale is usually NOT a retail buyer who can offer the highest price – they’ll be long gone by the time the bank approves the Short Sale, having given up from the frustration of the process and leaving the seller in the ditch and headed for foreclosure.

Ms. Attorney, you are 100% correct – the investor’s offer is lower than what your client might get if they waited and shopped around, but shopping around is not necessarily in your client’s best interest.  Your client doesn’t have the time, resources, and knowledge to get the highest offer in these circumstances.

The best situation for your client is to find an experienced professional who (a) knows the process and (b) will be ready to close when the bank approves the Short Sale.  And in order for that experienced professional to be interested in your client’s property, they, like any buyer, are entitled to have the property under contract to prepare for a closing without fear of the seller shopping around for a different buyer – that’s the whole point of a purchase and sale agreement.

There is nothing inherently wrong or insidious about accepting an offer for an asset that is less than what someone else might be able to obtain.  Indeed most people sell their cars to a dealer for far less than what they might get if they had the time, energy, and knowledge to sell the car privately.  But most of us don’t have the time or energy to sell a car retail for the highest price so we willingly sell for less to a dealer.

It’s the same thing here! If your seller has the time, energy, and knowledge to go get the highest offer, then go for it (realizing your seller might lose their house to foreclosure while they sit around and wait for that high offer); however, like most people selling a car – your client’s best interest is most likely served by selling for less to someone who knows what they are doing and can act quickly.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Ben Pargman

DIY Cheap Ways to Prepare and Stage Your Home For Sale

So you have decided to sell or maybe you have to because of unforeseen circumstances. Either way, preparing your home for sale will make a huge difference in the amount of traffic you get to your home, and the quality of buyers and presented offers. For a budget of 150 dollars, you can make or break a sale!

Curb Appeal 101

The first impression a buyer gets before they get out of their car is extremely important! Make sure your home’s exterior is neat and clean. The grass should always be kept short so that buyers can walk around the home and closely look at the exterior. Also make sure all bushes, shrubs and trees are cut back so that they do not hide the house. Buyers get nervous when something on the house is completely hidden by overgrown bushes and especially when trees are close to or touching power lines! Any bushes or trees that are close to the perimeter of the house should not be taller than the roof line, and have at least 1 or 2 feet between the edge of the bush and any other object. An easy and cheap way to spruce up any yard is to add mulch. For about 25 dollars, you can buy about 10 bags of mulch at your local home improvement store to give your yard and landscaping that freshly manicured look. Make sure to remove as many weeds as possible before putting down the mulch.

Exterior of Home

A clean Exterior wall and roof line is always attractive to buyers but sometime is not cost effective in certain situations. Not everyone can afford new siding or stucco and especially paint. However, removing bugs, dirt and rust stains can be very inexpensive. To remove dirt, simply go and rent a pressure washer from your local home store or borrow one from a friend. You can pressure wash your exterior walls, gutters, decks, driveway, and other walking areas in 1 day. Another common visual problem are rust stains from well water. These usually look like brownish orange stains in weird patterns. There is an easy solution for this! Your local hardware store has a product for about 8 dollars that you spray onto the rust stains and they simply disappear!

This is such an easy fix, however I still see tons of homes with awful looking rust stains. Last but not least, bugs are very important to remove as many buyers will lose any good feelings they had about the house just from seeing a bug or two. For 12 dollars, you can buy a gallon of bug killer that you spray along the perimeter walls and edges of your patio, sidewalks, and driveway. This will take care of live ants and keep them from coming back. Make sure you pressure wash first, followed by removing the rust stains, and then treat for bugs. Make sure the bug spray you use is good for exterior and interior so that you can protect the inside of your home as well.

Interior of Home

Remove all clutter and personal or unusual items. The buyers are there to look at the house, not the clutter or weird stuffed animal collection you might have. This can be distracting for a buyer and sometimes scare them! Also get rid of any dirty or broken down furniture and fixtures. Throwing stuff away is free and can make a huge difference. Once all clutter is removed, clean everything! Vacuum and mop the floors, use magic eraser to clean scuffs and dirt off the walls, dust all fixtures and ceiling fans, clean all glass and windows with window cleaner, clean all bathrooms and shower curtains, and bleach any mold or mildew you find in the bathtubs. Another great thing to do is use degreaser to clean the shell of your interior air handler, water heater, and circuit breaker box. In high humidity areas, your a/c handler can get pretty nasty over long periods of time. Make sure they look clean and maintained. Be careful not to spray onto live electrical wires or outlets. Also, if you have a screened patio, make sure the screens are in good condition and secured.

Once the Home Is Spotless, Stage!

You will be targeting 2 senses in this category. The first is visual and the second is smell. Clean is a major part of both! The next part is staging. Since you are on a budget, you have to be thrifty. If your living in your home, make sure to remove any personal or family photos hanging on the wall but leave up any art or landscaping framed pictures. If you don’t have any artistic wall hangings, just go to your local flea market or Wal-Mart and buy just a few cheap classy wall hangings to go into the entry, living room and dining area. Another thing you can do is purchase 3 or 4 plants from your local home store to add a nice green color to your home. At 5 or 10 dollars each, you only need about 1 per room for the living, dining, and patio. The bathrooms and kitchen can be brightened by adding a few hand or bath towels, and a nice pump hand soap dispenser. You can also purchase cheap rugs for these areas as well but that is optional. The last thing you should do is make sure the home smells inviting. Just go to the dollar store or your local home store and buy just 1 or 2 air fresheners for the entry, and master bath.

During Showings

Before the buyers arrive, make sure you turn on all lights and open all blinds. You want the house as bright as possible. Also do one final check to make sure there are no dead bugs from when you sprayed the house. If you have a radio, then turn on a good jazz or oldies station and keep the volume low. Remove or cage all pets and if the buyer is using a Realtor, make sure you leave and let the Realtor show the house! This is extremely important as most buyers feel uncomfortable viewing a home with the owner there! The only time the owner should be at a showing is if the buyers are not with a Realtor.

Final Tips

Remember, cleaning can be inexpensive but repairing and replacing is sometimes not. If you have defects or problems that need renovation, make sure you price your home accordingly and disclose that to any potential buyers. Selling a home in need of repair is perfectly normal as long as it is disclosed and priced right. If you need additional help, call your local Realtor.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Robert Chad Miller

Best Way to Sell Your Home

There are usually two priorities that come into play when you are selling your property. You may need to sell quickly regardless of the price or you may need to realise a high price regardless of the time scale. Whatever your priority, there are certain steps that can be taken to increase your chances of a quick and well priced sale. Likewise, there are a number of mistakes that are often made when it comes to the best way to sell your home.

Whether you decide to sell your home privately or through a realtor is entirely down to yourself and your personal choice. There are pros and cons for both. If you sell privately then you can be sure that you will reduce your selling costs. You will, however, be taking on a lot more work in the way of arranging advertising, paperwork and making arrangements for viewing. If you have a family member who is available for this extra workload this may not be a problem and selling privately may be the best way to sell your home. If, however, you are all out at work all day and already have busy schedules, it is often beneficial to have an agent working on your behalf.

There are many ways in which you can increase the chances of your home selling. If the property market is in a bit of slump then the best way to sell your home is to make it appear more inviting than the others that the potential buyers may have viewed. One of the main priorities for the buyer may be space. To maximise the impression of space in the property you will need to remove as much of the furniture and clutter as possible. Leave only the essential pieces of furniture. Do not be too extreme and make the place look cold and empty, but try to create an illusion of spaciousness. Try to keep surfaces such as windowsills clear and remove as much as possible off the worktops in the kitchen.

It goes without saying that your home should be as clean as possible. This may even include giving some of the rooms a quick coat of paint. Light, neutral colours will be the best as the buyer can always see potential with a blank canvas. Having tired walls and doors will create an impression of shabbiness and having a dirty kitchen or bathroom is definitely not the best way to sell your home.

Never forget the impression that the outside of your home will give. This is like a shop window for the prospective buyer and must be kept tidy and free from clutter. Do not leave the garage door open with everything on display and make sure that the lawn is neatly trimmed. The best way to sell your home is to think about what you would like to see in a property that you are viewing and bear this in mind when you look at, and around, your own house. These may all seem like minor points but, believe me, they all add up to making a huge difference in the eyes of those potential buyers.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Candis Reade

Home Appraisal Costs – What Does It Cost To Get A Home Appraisal?

Having a professional home appraisal done is an essential step to selling your home, determining your property value and deciding how much you will qualify for in the event that you decide to take a second mortgage out on your home. Of course getting a professional home appraisal done on your home can be costly. There are a number of factors that determine the cost of a home appraisal. Here are the different factors that could contribute to the overall cost of your home appraisal:

What Kind of Appraisal do you want to have done? There are different types of professional appraisals that can be done on your home, but the most common is the Uniform Residential Appraisal Report (also known as the URAR). There are also shorter appraisals, often called the „Drive By Appraisal“ due to the small amount of time spent assessing the property and these can cost less. Not all banks or lenders will accept these shorter appraisals, though. Make sure you check with your lender when you are deciding which one to get.

What kind of property do you have? That type of property being appraised will also figure in to the overall cost of the appraisal. Usually multi-family properties will cost more to appraise than a single family home or condominium.

What is the value of your property? Yes, this is one of the things you are having appraised, but typically the higher priced pieces of property will have a larger appraisal cost than the lower priced pieces of property. A typical cut off is five hundred thousand dollars. If your home and property are worth more than five hundred thousand dollars, your appraisal is going to cost more.

What is the property used for? A piece of property that is used to generate income is going to cost more to appraise than a piece of property that is not used for such a purpose. An appraisal of a rental property would include a rent survey as well as an income statement for the property.

Sadly, the cost of an appraisal is relative. One cost does not fit all.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Jordan S Ashton

Home Selling Strategies – Selling Your Home With the Right Skills

Selling a home can be an exhaustive process. The good news is that if you know the ropes well, you can make a success of your home selling activity. Home selling strategies are dime a dozen and depending on your situation you can follow an approach that suits you best.

Of late the real estate market has experienced slow growth, and this is the main reason why home selling can turn into a highly challenging affair. What most buyers are looking for is trust and you as a home seller need to work on building that trust. When you build substantial trust you are on the right track towards making a good sale of your home.

Selling your house, when done the right way, can turn into a highly profitable investment. The crucial factor is to make a distinct mark as a valuable home seller. Since the real estate market is fiercely competitive, you need to stand out as a seller who has something of value to offer to prospective buyers. Home selling strategies stress on generating unique selling policies that instantly attract the hesitant buyer.

One of the first things you will need to look into is the actual condition of your home. Does your house need a little repairing or renovation before you put it up for sale? Make sure to not miss out on the smallest of details as home buyers are always seeking perfection in the property they wish to purchase. Therefore, it is important to put your best foot forward and present your home in the best possible way when you put it up for sale.

The best way to go about renovating your house is to go for a thorough home inspection. This will give you a clear idea of how you could revamp your house and present it in style to prospective buyers.

Home selling strategies also involve studying your target audience. If you are aiming to sell your house to a young group of people, you could renovate your place in modern tones and designs to appeal to their contemporary tastes and lifestyle.

It is also important to note that buyers are suspicious of unrealistic prices. Therefore when you quote too high or too low a price for your property, chances are that you may not gain the valuable trust of potential buyers. One of the smart home selling strategies is to do a survey of home prices in your neighborhood and quote a price that is in tune with the current trends. Another golden rule in home selling is to never underestimate the intelligence of a prospective buyer. Buyers often conduct extensive research of prices all over town before coming to a final decision.

Online advertising for your home is another effective home selling technique. Many home buyers prefer to browse through pictures of homes from the comfort of their homes.

Home selling strategies are many, and how you use these to the best of your advantage will contribute to your success and profit making.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by River C.

Sell a Home Fast – The Top Ten Secrets of Selling Your House Quicker

There are some secrets to making a quick sale of your property. If everyone knew these not only would they not be secrets but also everybody would be doing them.

Use these secrets to gain an advantage on your competition. Every other house for sale in your area is your competition, and it has never been tougher.

Top Ten Secrets of a Quick Home Sale

  1. Spend more money than you planned on cosmetic items to improve curb appeal. For example, spend a few hundred dollars on flowers and landscaping in the front of your home so it is by far the most beautiful front lawn in the area. Give all surfaces inside and out a fresh coat of high quality paint. On the interior clean every nook and cranny of your home so it is cleaner and smells fresher than ever before. Replace some carpeting if you need to.
  2. Put up signs all over the place. Most sellers put a sign on the front yard. You should put up a dozen signs with directional arrows at all major roads leading to your house.
  3. Print up and distribute 200 flyers about how great your home is. Put them on bulletin boards and in lobbies where you think your typical home buyer would see them. If you have a home good for young couples put the flyers in pediatrician offices, wedding related businesses, etc.
  4. Hire an internet marketing specialist who knows how to sell real estate online. Realtors don’t know all the ways to use the internet to find buyers but internet marketing experts do. There are dozens of directories, forums and free ad sites where you can list your home for sale.
  5. Hold an open house for buyers‘ agents. If you want to pay an agent 3% to bring you a commission then call, write, fax or email all the Realtors in the area and have an open house just for them. You will make a lot of good contacts that way.
  6. Advertise in every possible place you can advertise that is either free or very cheap. There are dozens of print advertising options for you, and a similar number of online advertising places. Most home sellers don’t know about these.
  7. Drop your price below market. This will attract a lot of bids and you can make counteroffers to get the price back up where you want it.
  8. Finance the sale yourself. In today’s market seller-financing is like gold. If you need cash you can sell the mortgage note after you sell your house, for a slight discount.
  9. Invest in professional photographs of your home. These can be used in all internet listings for your home, and to create virtual tours. This is the #1 best way to get buyers‘ attention and get more offers.
  10. Make your home available for showing at any time. Since most people restrict showing times, this will get you some extra interest for those people who have irregular schedules.

If you do all of these things you will be happy because your house will sell fast.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Leo J. Vidal

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.