Own Realty Group - Real Estate Services

A well defined target market is the first element to a marketing strategy.  Listing your property without a target market or marketing plan could cost you your best opportunity to sell your property for top dollar. If you need to sell the most important thing is to have an effective sales & marke...

Everyone wants to sell their property for top dollar but not everyone has a plan.  A common mistake many sellers make is to price their home at top dollar and wait a month or more before lowering the price if no offers are received.  What sellers using this method fail to realize is that the firs...

Value investing is an investment paradigm that derives from the ideas on investment and speculation that Ben Graham and David Dodd began teaching at Columbia Business School in 1928. Although value investing has taken many forms since its inception, it generally involves buying property which app...

Margin of safety (safety margin) is the difference between the value of a property and its market price.Application to investingUsing margin of safety, one should buy property when it is worth more than its price on the market. This is the central thesis of value investing philosophy which espous...

Foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).   Properties in various stages of fo...

A lease option is the abbreviated form of the appropriate term “Lease With the Option to Purchase”.  The contract is typically between two parties: the tenant (also called the lessee), and the landlord (lessor), who owns or has the right to lease or dispose of the property.  As the name "lease wi...

Real estate owned or REO is a class of property owned by a lender typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.  A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstandi...

A tax lien is the sale, conducted by a government agency, of tax liens for delinquent taxes on real estate.  It is one of two methods used by governmental agencies to collect delinquent taxes owed on real estate, the other being the tax deed sale.  Paying tax liens to gain control of the propert...

The returns from an investment can be divided into the Return "of" the investment and the Return "on" an investment.  Consider an investor who has sold a real estate investment and financed part of the purchase for the purchaser.  The principal payments would be the return "of" the seller's inves...

A short sale is the sale of real estate in which the sale proceeds are less than the balance owed on the property.  It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a loss is better than foreclosing. How it Works ...