If you want to work from home either full time or part time, then you will need to think of some ways to earn the required income. Some home business entrepreneurs derive their income from several sources rather than just replying on one income generator. It is a way of spreading the risk, because when one income source is quiet, another may be doing really well. However, if you come up with a really good work from home idea you may not have the time to do anything else.
Here are six work from home ideas to think about. They may not be right for you, but they could get you thinking about the numerous possibilities out there. Opportunities abound! dallas homes for sale
1. Rug Making
Hand crafted rugs are a wonderful addition to any room. Make rugs to order or provide a selection of standard designs for your clients needs. There are many rug making techniques that are easily explained in books. Visit your local library, or craft center, to see the range of techniques and materials that can be incorporated into your rugs to make them unique. However, be aware that rug making can be labor intensive and time consuming.
2. Direct Marketing Products
There are a number of companies set up to provide direct marketing businesses for their distributors. Organizations such as Amway provide high quality products for you to sell to your clients. The more people you sign up to also sell to their friends and family, the more direct financial benefits you receive. Do not get this type of business confused with pyramid selling schemes. Pyramid schemes are illegal in some countries and usually only benefits those people at the top of the organizational ladder. dallas homes for sale
3. Community Calendars
Visit businesses in your local area to seek their sponsorship of a community calendar. Photograph twelve scenes from around your town and on each page have advertorial (cross between advertising and editorial) space for a number of local businesses, or approach twelve businesses to each sponsor one month of the calendar. The money you receive from the sponsoring businesses should at least pay for the production of the calendars, with the sale price of the calendar being profit.
4. Car Auctions
If you are familiar with different makes and models of cars and their value, consider going to car auctions and buying these cars for resale. There are some really good buys, but be wary of purchasing a car at too high a cost. The cars you should be purchasing are those that are a really good buy. Because car auctions are 'as is, where is' deals, you may need to do some minor repair and maintenance work to get them looking great. Keep the cost of this in mind when selecting potential cars to buy. Check with local regulations to find out how many cars you can on-sell in any given year without needing to obtain car dealer certificates and licenses. Sell through advertisements in your local newspaper, or on the internet. If you have a number of vehicles, you may consider leasing a vacant lot and setting up a car yard. But remember to obey the law.
5. Artificial Flowers and Plants
Start a business providing artificial flowers and plants for hire. This work from home idea can be great for weddings, birthdays or any other occasion and party. As well as having a selection of plants in your showroom at home, provide a color catalogue and photograph album of the range of artificial plants available. Create a website to sell your artificial flowers and plants. dallas homes for sale
6. Textured Ceiling Removal
Many people move into a home and decide to remove the old textured ceilings when they renovate. Provide a service whereby you remove the textured plaster from ceilings. Be sure to get the plaster analyzed to ensure that it doesn't contain asbestos, as this was widely used in the plaster compound in the 1970's and early 1980's. You could also provide a plastering and painting service to complete the ceilings, if you have expertise in these fields.
Whatever home business idea you choose, make sure you thoroughly research the idea and market before investing any money. I wish you every success! dallas homes for sale
Tuesday, February 9, 2010
Eight Steps to Completing a Short Sale
If you are considering getting a short sale, you may be a bit concerned about the steps that are involved in the process. After all, if you are like most homeowners, you have never gone through this process before. As such, you have no clue what to expect. Although the exact steps in your shore sale process will very according to your individual situation, the basic steps are as follows. dallas homes for sale
Step #1: Contact the Lender
The first step in going forward with a short sale is to contact the lender. Unfortunately, you might have to do quite a bit of calling around before you find the right person to talk to, but the time you spend to actually get in touch with a supervisor will be well worth the effort.
Step #2: Submit a Letter of Authorization
In order to get the lender to disclose your information to the real estate agent that you are working with as well as other individuals who will be involved with the sell, you will need to submit a letter of authorization. This letter gives the lender permission to provide information to certain individuals who are involved with the process. The following information needs to be included in your letter: dallas homes for sale
* The address of the property * The loan reference number * Your name * The date * Your agent's name and contact information
Step #3: Create a Preliminary Net Sheet
A preliminary net sheet is an estimate of the closing statement that includes the sale price you expect as well as the costs associated with the sale. Information such as outstanding payments that are due, late fees, the unpaid balance amount and any relevant real estate commissions should also be included in the net sheet.
Step #4: Write a Hardship Letter
Your hardship letter explains how you got into the financial situation you are currently facing and makes a plea to the lender to accept an amount that is less than the full payment. The sadder your letter, the better chance you will have of getting the lender to agree to a short sale.
Step #5: Prove Your Income and Assets
Next, you need to disclose information regarding your current financial situation, including providing information about your assets. This includes disclosing information about all of the following:
* Cash * Money market accounts * Negotiable instruments * Real estate * Savings accounts * Stocks and bonds
Obviously, if you have a significant amount of assets, the lender isn't likely to agree to a lesser payment than what you owe. dallas homes for sale
Step #6: Obtain Copies of Bank Statements
You will also need to obtain copies of your bank statements and, if your statements show that you recently made any large cash withdrawals or wrote an unusual number of checks, you will need to explain each of those items to the lender.
Step #7: Complete a Comparative Market Analysis
If one of the reasons for your troubles is the fact that your property value has fallen, submitting a comparative market analysis will help prove this claim. Your real estate agent should be able to help you create this analysis, which should include the prices of similar homes that are active on the market as well as information regarding pending sales and those homes that have been sold in the past six months. dallas homes for sale
Step #8: Create a Purchase Agreement and a Listing Agreement
When you reach an agreement with a buyer, you will need to submit a copy of the purchase agreement as well as the listing agreement to the lender. If all went well, the lender should agree to the purchase, though the lender may deny payment for items such as providing a termite inspection or a home protection plan.
Step #1: Contact the Lender
The first step in going forward with a short sale is to contact the lender. Unfortunately, you might have to do quite a bit of calling around before you find the right person to talk to, but the time you spend to actually get in touch with a supervisor will be well worth the effort.
Step #2: Submit a Letter of Authorization
In order to get the lender to disclose your information to the real estate agent that you are working with as well as other individuals who will be involved with the sell, you will need to submit a letter of authorization. This letter gives the lender permission to provide information to certain individuals who are involved with the process. The following information needs to be included in your letter: dallas homes for sale
* The address of the property * The loan reference number * Your name * The date * Your agent's name and contact information
Step #3: Create a Preliminary Net Sheet
A preliminary net sheet is an estimate of the closing statement that includes the sale price you expect as well as the costs associated with the sale. Information such as outstanding payments that are due, late fees, the unpaid balance amount and any relevant real estate commissions should also be included in the net sheet.
Step #4: Write a Hardship Letter
Your hardship letter explains how you got into the financial situation you are currently facing and makes a plea to the lender to accept an amount that is less than the full payment. The sadder your letter, the better chance you will have of getting the lender to agree to a short sale.
Step #5: Prove Your Income and Assets
Next, you need to disclose information regarding your current financial situation, including providing information about your assets. This includes disclosing information about all of the following:
* Cash * Money market accounts * Negotiable instruments * Real estate * Savings accounts * Stocks and bonds
Obviously, if you have a significant amount of assets, the lender isn't likely to agree to a lesser payment than what you owe. dallas homes for sale
Step #6: Obtain Copies of Bank Statements
You will also need to obtain copies of your bank statements and, if your statements show that you recently made any large cash withdrawals or wrote an unusual number of checks, you will need to explain each of those items to the lender.
Step #7: Complete a Comparative Market Analysis
If one of the reasons for your troubles is the fact that your property value has fallen, submitting a comparative market analysis will help prove this claim. Your real estate agent should be able to help you create this analysis, which should include the prices of similar homes that are active on the market as well as information regarding pending sales and those homes that have been sold in the past six months. dallas homes for sale
Step #8: Create a Purchase Agreement and a Listing Agreement
When you reach an agreement with a buyer, you will need to submit a copy of the purchase agreement as well as the listing agreement to the lender. If all went well, the lender should agree to the purchase, though the lender may deny payment for items such as providing a termite inspection or a home protection plan.
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