Friday, August 29, 2014
Top Entrepreneur News

Fri, 29 Aug 2014 22:00:00 -0500

If infographics blew up because they caught people’s attention where a boring report wouldn't, interactives are blowing up because they catch people’s attention -- and hold it.

Fri, 29 Aug 2014 21:30:00 -0500

When employees believe in the brand, the company prospers.

Fri, 29 Aug 2014 21:00:00 -0500

Your failure quotient is more important than your IQ.

Fri, 29 Aug 2014 20:00:00 -0500

Startups that hire well-known industry insiders sometimes find they create bigger problems with their egos than they solve with their expertise.

Fri, 29 Aug 2014 19:30:00 -0500

Millennials who are new to management roles can follow these three tips to achieve better outcomes.

Fri, 29 Aug 2014 19:03:00 -0500

The 120-year-old company unveiled a new logo today, much to the amusement (and disgust) of commenters on social media.

Fri, 29 Aug 2014 19:00:00 -0500

Set up processes that build trust, accountability and communication to reap the benefits of having a remote operation.

Fri, 29 Aug 2014 18:30:00 -0500

The first year of a startup can be a brutal time for an entrepreneur. Here are a few lessons on how to survive the first 12 months.

Fri, 29 Aug 2014 18:00:00 -0500

Research shows that businesses of all sizes would be wise to include leadership from all walks of life.

Fri, 29 Aug 2014 17:48:00 -0500

Here's a statistical breakdown of all of the completed campaigns on Indiegogo and Kickstarter as of early August.

Fri, 29 Aug 2014 17:41:00 -0500

From grill-scrubbing robots to flamethrower-like fire starters, these hot gadgets can fire up your grilling game.

Fri, 29 Aug 2014 17:41:00 -0500

As the coffee market heats up, Dunkin' Donuts is finally serving up dark-roast brew.

Fri, 29 Aug 2014 17:30:00 -0500

Should you stay or should you go? Here's how to tell whether you should keep working with that client.

Fri, 29 Aug 2014 17:00:00 -0500

Treat every potential client as you would someone who you hope will give you a second date.

Fri, 29 Aug 2014 17:00:00 -0500

This CEO explains the one quality that he believes entrepreneurs need to study and master for success.

Fri, 29 Aug 2014 16:30:00 -0500

These seven practices can enhance the benefits of community in an informal office space.

Fri, 29 Aug 2014 16:27:00 -0500

Days prior to taking office, Emmanuel Macron suggested that unions should vote on certain 'exceptions' to a long-running and controversial French law.

Fri, 29 Aug 2014 16:09:00 -0500

If they succeed, the non-profit could use the registration to block other charities from capitalizing on the viral campaign.

Fri, 29 Aug 2014 16:00:00 -0500

Where the gap between the digital and the real starts to blur.

Fri, 29 Aug 2014 15:36:00 -0500

The California Supreme Court ruled that Domino's could not be held liable as an employer in an employee's sexual harassment case.

Fri, 29 Aug 2014 15:30:00 -0500

Starting a business requires a mentality that enjoys a mix of activities that include leadership, decision-making and problem solving.

Fri, 29 Aug 2014 15:00:00 -0500

This veteran explains the importance of creating a roadmap -- and delivering on it.

Fri, 29 Aug 2014 15:00:00 -0500

Don't lose hope when challenging projects seem to drag on. Use these tips to stay on track.

Fri, 29 Aug 2014 14:51:00 -0500

The tech giant recently completed test flights in Australia with a drone that hovers like a helicopter and flies like a plane.

Fri, 29 Aug 2014 14:30:00 -0500

Don't let your guard down when planning a getaway. Consider these tips to stay safe from criminals and online threats.

Fri, 29 Aug 2014 14:00:00 -0500

There is a massive problem of companies not pursuing customer inquiries right away, which is a huge opportunity for you.

Fri, 29 Aug 2014 13:30:00 -0500

The hardest part about being an entrepreneur isn’t coming up with the next genius idea, it's getting it out there.

Fri, 29 Aug 2014 13:13:00 -0500

After leading Rovio Entertainment for five years, Mikael Hed is stepping down as chief executive.

Fri, 29 Aug 2014 13:00:00 -0500

While many young techies are spending their money on nightlife, others are taking it a step further, by buying their own stake in restaurants and bars.

Fri, 29 Aug 2014 13:00:00 -0500

Before your kick-off your holiday weekend, check out the news business owners need to know.

Fri, 29 Aug 2014 12:30:00 -0500

Blogging has become the world's most crowded and competitive non-profession. The vast majority make peanuts and have close to zero market share.

Fri, 29 Aug 2014 12:00:00 -0500

Photos apparently outperform all other types of content on Google's social network.

Fri, 29 Aug 2014 11:30:00 -0500

Follow these tips to introduce movement into your otherwise sedentary day at the desk.

Fri, 29 Aug 2014 11:00:00 -0500

A huge majority of employees report being disengaged, mostly because they are ignored. Motivating them is often as simple as listening.

Thu, 28 Aug 2014 23:00:00 -0500

The power of mobile marketing to attract and retain customers turns against entrepreneurs who forget there is a person receiving that message.

Thu, 28 Aug 2014 22:30:00 -0500

Add these business titles to your book bag to get your thinking off the beaten path.

Thu, 28 Aug 2014 22:00:00 -0500

There are five interesting parallels between these two worlds that can help your staff close deals.

Thu, 28 Aug 2014 21:30:00 -0500

They're young and already changing the status quo. Discover and follow these four young entrepreneurs as they rise up.

Thu, 28 Aug 2014 21:00:00 -0500

Using software to develop leads can be effective, but keep four things in mind when forming a strategy.

Thu, 28 Aug 2014 20:30:00 -0500

The influence of a single customer's opinion will continue to grow in sync with the pervasiveness of social media.

Thu, 28 Aug 2014 20:00:00 -0500

Small businesses may think they have a disadvantage when it comes to competing against the big guns but one place they can shine is in delivering exceptional customer service.

Thu, 28 Aug 2014 19:54:00 -0500

Throwing curveballs during job interviews can help weed out candidates who possess valuable critical thinking skills.

Thu, 28 Aug 2014 19:35:00 -0500

It’s back-to-school season. Here are the leading universities producing the most VC-backed graduates.

Thu, 28 Aug 2014 19:35:00 -0500

In the latest lawsuit that attempts to define the line between independent entrepreneur and employee, the court ruled that FedEx Ground drivers are employees, not independent contractors.

Thu, 28 Aug 2014 19:30:00 -0500

If you can launch a product with limited funds, investors will take you seriously. Follow this advice to up your chances.

Thu, 28 Aug 2014 19:15:00 -0500

Viewing habits and advertising trends are poised for a dramatic and sweeping change.

Thu, 28 Aug 2014 19:00:00 -0500

Not all accelerator programs are created equal. Follow this list of do's and dont's to make sure you find the right one for your company.

Thu, 28 Aug 2014 18:45:00 -0500

Brad Pitt and Angelina Jolie’s secret wedding ceremony offers surprising insight into business success.

Thu, 28 Aug 2014 18:00:00 -0500

People want to talk with a person they trust before making the buying decisions that matter most.

Thu, 28 Aug 2014 17:30:00 -0500

People ignore sales pitches but love stories. Happily, it costs little to tell potential customers the story of you, your business and what you offer.

Thu, 28 Aug 2014 17:00:00 -0500

There's a secret to working with your spouse -- and it's not denial.

Thu, 28 Aug 2014 16:30:00 -0500

The heads of some of America's biggest companies divulge their personal and work habits.

Thu, 28 Aug 2014 16:15:00 -0500

Samsung and LG have announced new smartwatch launches on the heels of reports that Apple will unveil a long-awaited wearable on September 9.

Thu, 28 Aug 2014 16:00:00 -0500

You do not need to be a meth kingpin to know something about building an empire, but you could definitely learn from one.

Thu, 28 Aug 2014 15:57:00 -0500

Talk about a pivot. Sanrio received a boatload of publicity yesterday with the revelation that Hello Kitty is not, in fact, a cat.

Thu, 28 Aug 2014 15:30:00 -0500

There is a generational divide in how we view the value and depth of our co-workers.

Thu, 28 Aug 2014 14:49:00 -0500

The social network tries again to sell us on using its standalone messaging app.

Thu, 28 Aug 2014 14:30:00 -0500

Your startup's online presence has huge implications for winning funding and making sales. Listen to those who've learned the hard way.

Thu, 28 Aug 2014 14:15:00 -0500

This founder of a doggy boarding and daycare franchise uses apps to store passwords, stay connected to her workout buddies and handle travel plans.

Thu, 28 Aug 2014 14:00:00 -0500

Our society values skills, but everyone is obsessed with results. The problem with this is that it can become easy to get trapped focusing on results when you should really be building your skills.

Thu, 28 Aug 2014 13:00:00 -0500

How to deliver content and resources that your target audience will find valuable.

Thu, 28 Aug 2014 13:00:00 -0500

A new report predicts the dental sector will lead the growth in commercial 3-D printing over the next decade.

Thu, 28 Aug 2014 12:30:00 -0500

Some careful questioning to explore when employees recall being most enthused will tell you, and them, how they can be motivated on the job.

Thu, 28 Aug 2014 12:00:00 -0500

Four big ways to get responses from people the popular and famous.

Thu, 28 Aug 2014 11:30:00 -0500

Two franchisees spill on how they managed to make this fast-casual staple catch on in New England.

Thu, 28 Aug 2014 11:00:00 -0500

Public companies have much to gain from the power of video to showcase their executives and their message.

Wed, 27 Aug 2014 22:30:00 -0500

Context, the sharing economy and big data are worth considering when strategizing about how to scale a small company.

Wed, 27 Aug 2014 22:00:00 -0500

For entrepreneurs to succeed, they need to figure out consumers' needs and develop a product to solve these issues. Here are a few steps to help you determine product-market fit.

Wed, 27 Aug 2014 21:50:00 -0500

Scott is looking to wipe out the competition with an environmentally-friendly brand of toilet paper that cuts down on the 17 billion cardboard tubes it says are thrown away each year.

Wed, 27 Aug 2014 21:30:00 -0500

Keep your audience entertained with a video or photo that they want to see.

Wed, 27 Aug 2014 21:27:05 -0500

Why I proudly agreed to be part of the U.S. State Department's Speaker and Specialist Program to export entrepreneurism.

Wed, 27 Aug 2014 21:06:00 -0500

Target, Nordstrom and other big-name brands are using Curalate's latest feature to make their Instagram feeds more 'shoppable.'

Wed, 27 Aug 2014 21:00:00 -0500

The right time to become a better leader is today, tomorrow and every day that your team relies on you.

Wed, 27 Aug 2014 20:30:00 -0500

You need to influence people even before they get to your landing page by convincing them of the value you're offering.

Wed, 27 Aug 2014 20:06:00 -0500

This latest round of funding values The Honest Company, a maker of eco-friendly family and baby products, at close to $1 billion.

Wed, 27 Aug 2014 20:00:00 -0500

Both methods have advantages and drawbacks, and could determine how you file your taxes.

Wed, 27 Aug 2014 19:53:00 -0500

New research reveals that while we're all scared asking for advice will make us look like incompetent fools, it actually has the opposite effect.

Wed, 27 Aug 2014 19:39:00 -0500

The criticism of Uber's disruption of Lyft is misplaced. We should all be so competitive.

Wed, 27 Aug 2014 19:30:00 -0500

Research has shown that employees are spending time managing their teams instead of working, which cost companies big.

Wed, 27 Aug 2014 19:00:00 -0500

Naive optimism fuels the dream of building your own company but when you launch, it is time to get real.

Wed, 27 Aug 2014 18:58:00 -0500

A new online service aims to find accommodations for brave, broke college students who are traveling.

Wed, 27 Aug 2014 18:39:00 -0500

While the company's penchant for cancelling rides has been well-documented, the practice -- until now -- has remained largely misunderstood.

Wed, 27 Aug 2014 18:30:00 -0500

Consumers are, so far, unmoved by the prospect of the hyper-connected home and won't be until the technology is as easily used as a smart phone.

Wed, 27 Aug 2014 18:06:00 -0500

Vani Hari has already convinced Subway and Chick-fil-A to make big changes. Now, she's taking on Starbuck's favorite fall drink.

Wed, 27 Aug 2014 18:00:00 -0500

The quickest line producers might fall short in mastering the skills required of a manager. Here's a checklist of warning signs to watch out for.

Wed, 27 Aug 2014 17:30:00 -0500

Call it entrepreneurial serendipity, but businesses that embrace worthy causes are finding charitable giving is a powerful brand enhancer.

Wed, 27 Aug 2014 17:15:00 -0500

The workplace can be a difficult space to operate from a social perspective. Here are some things you'll definitely want to avoid.

Wed, 27 Aug 2014 17:00:00 -0500

A tech professional was not picking up on essential people cues. Playing cards cured him.

Wed, 27 Aug 2014 16:42:00 -0500

The first time Ryan Grepper took his tricked-out cooler idea to Kickstarter, he failed to make his $125,000 goal. The second time, his cooler became the most funded project in Kickstarter history. Here’s what he learned.

Wed, 27 Aug 2014 16:30:00 -0500

Marketers really need to know their customers, or risk coming off flat and factual. Build up the psychographics of your potential base.

Wed, 27 Aug 2014 16:22:00 -0500

Kleiner Perkins Caufield & Byers tendered a $20 million investment in the as-yet-unprofitable ephemeral messaging app last May.

Wed, 27 Aug 2014 16:00:00 -0500

To improve employee engagement and make positive changes in the workplace, leaders should be asking employees for their honest opinion about what is working -- or not working -- in the organization.

Wed, 27 Aug 2014 15:53:00 -0500

The new tablet will have a 12.9-inch display and could go into production as early as next year.

Wed, 27 Aug 2014 15:30:00 -0500

For those people constantly on Twitter, planning a tweetup can help bring online relationships offline. Not only does it help with networking but also building your personal brand.

Wed, 27 Aug 2014 15:00:00 -0500

Marcel Botha, an entrepreneur working out of an innovative co-working space in Brooklyn, talks about how he was able to rapidly prototype an ergonomically designed baby spoon thanks to 3-D printing technology.

Wed, 27 Aug 2014 14:30:00 -0500

The language professional peers understand is often confounding to the audience waiting to listen to your story.

Wed, 27 Aug 2014 14:00:00 -0500

The things you should do to increase your chances of joining the millionaire's club. None are either fast or easy.

Wed, 27 Aug 2014 13:30:00 -0500

Often entrepreneurs don't have the core competencies to understand accounting, which could result in a startup failing. Here is how an entrepreneur should approach hiring an accountant or outsourcing her financial tasks to ensure success.

Wed, 27 Aug 2014 13:00:00 -0500

Work on relationships and new initiatives will fall into place.

Wed, 27 Aug 2014 12:30:00 -0500

Now is the time to prepare your business and have a system in place to soften the next hit.

Fri, 29 Aug 2014 18:29:00 -0500

It's just so hopeless, Liz. It's so hard. I know. I'm sorry you're dealing with that. What do you do in the daytime, when you aren't job-hunting? I sit at home. Well, I sit at my sister's home, not sitting but running around really. I watch my two-year-old niece. Well that worked out [...]

Fri, 29 Aug 2014 18:06:00 -0500

Siemens is one of the biggest corporations in Germany with net profits of $6.1 billion last year on revenue of $104.5 billion. With these kind of resources at its disposal you would expect to see the technology firm’s logo front and center in sponsorship deals with major sports series. In [...]

Fri, 29 Aug 2014 17:06:00 -0500

I had a typically busy work day on Thursday, taking me away from social media. When I eventually logged into Twitter, I was astounded to see a barrage of tweets about one subject. Barack Obama's tan suit. Not only were there tweets mocking the president's sartorial choice, there were entire Storifys [...]

Fri, 29 Aug 2014 16:12:00 -0500

The real challenge with the "ALS Ice Bucket Challenge"? Trying to escape it this summer. The philanthropic blockbuster, which has been ubiquitous on Facebook and lured in hundreds of celebrities, has sparked millions of donations to ALS research and raised awareness of the disease. But after a month in the spotlight, [...]

Fri, 29 Aug 2014 12:51:00 -0500

Eden Foods avoided the same months-long media glare and massive protests that plagued Hobby Lobby after June's SCOTUS ruling, but it did not escape without a boycott effort by some of the country's best-known regional grocery co-ops.

Fri, 29 Aug 2014 01:50:00 -0500

The California Supreme Court rejects claim that Domino's is responsible for harassment claims involving a supervisor at a franchisee's store.

Thu, 28 Aug 2014 20:14:00 -0500

Michael Jackson would have turned 56 on August 29th if he were still alive, but from a financial perspective, it's as though the King of Pop never left. He has raked in over $700 million in the past half-decade, more than any living act over that span. Yet the media narratives surrounding him haven't quite changed along with his financial situation, as I've observed since releasing my book, Michael Jackson, Inc.

Thu, 28 Aug 2014 19:23:00 -0500

With renunciations of citizenship at an all time high, the state department is feeling overworked and hiking the fees to renounce by 422%.

Tue, 26 Aug 2014 13:17:00 -0500

Philadelphia law enforcement has transformed a once obscure legal process into a racket that treats Americans as little more than ATMs. Every year, the city collects almost $6 million in revenue from forfeiture.

Sat, 23 Aug 2014 18:10:00 -0500

Formula One made history last month when it announced that the Mexican Grand Prix will return to its calendar in 2015. The event in Mexico City returns after a 23-year absence but this isn’t the only reason why the announcement was historic. It also marked the second time that American auto [...]

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5 Chaldean Home Buying Power Tips
By Salam Abbo :: Wednesday, March 14, 2007 :: 10417 Views :: Article Rating :: Business & Finance

Michigan, USA - It is a seller’s market in many Chaldean concentrated states.    While the economy is doing great in states like Illinois, Nevada, Arizona, and California, Michigan’s economy continues to free-fall.  In Michigan the real estate opportunities are far and wide as the buyer market continues to heat up as homes are foreclosed, residents move out of the state, and businesses close.  Chaldeans can seize on the opportunity of depressed Michigan economy by finding and securing an undervalued piece of property. 

There are many advantages of becoming a home owner.  This includes the appreciation, tax benefits, a higher quality lifestyle, a more stable family life, and obviously the investment.

Chaldeans are able to better prepare themselves when planning to purchase a home.  For such occasions consider these 5 Chaldean home buying power tips.

1.  Understand your Debt-to-Income Ratio
When a lending company determines a Chaldeans’ ability to qualify for a mortgage, a lender looks at what is called the "debt-to-income" ratio. A debt-to-income ratio is the percentage of your gross monthly income (before taxes) that you spend on debt. This will include your monthly housing costs, including principal, interest, taxes, insurance, and homeowner’s association fees, college loans, and other forms of debt or recurring expenses. It will also include your monthly consumer debt, including credit cards, installment debt, and car payments.

For example, suppose you earn $5000 a month and you have a car payment of $400. Using an interest rate of 8.0%, you would qualify for approximately $55,000 less than if you did not have the car payment.

In short the debt-to-income ratio affects your buying power.  Your debt to income ratio is a simple way of showing what percentage of your income is available for a mortgage payment after all other debts are met. The ratio is one of the key things a lender considers before approving your home loan.
Conventional loans are sometimes expressed as debt limits like the 28/36 qualifying ratio. Those numbers refer to two percentages that are used to examine two factors of your debt load.

The 28% Number: (PITI)

This number indicates the maximum percentage of your monthly gross income that the lender will allow for housing expenses. The amount will include payments on the loan principal and interest, private mortgage insurance, hazard insurance, property taxes, and homeowner's association dues.

The 36% Number:

This number is for the recurring debt.  This is the maximum percentage of your monthly gross income that the lender will allow for housing expenses.  Recurring debt includes credit card payments, child support, car loans, and other obligations that will not be paid off within a relatively short period of time (6-10 months).

Doing the Math:

Yearly Gross Income = $45,000 / Divided by 12 = $3,750 per month income

$3,750 Monthly Income x .28 = $1,050 allowed for housing expense

$3,750 Monthly Income x .36 = $1,350 allowed for housing expense plus recurring debt.

Chaldeans should keep in mind that not all loans are the same.  For example, the FHA loan ratios are typically 29/41, allowing a higher debt load for both housing expenses and recurring debt.  This translates into FHA allowing $1087 for housing and $1538 for housing plus recurring debt.  For a VA loan, the debt to income ratio should not exceed 41% of your monthly gross income.

2.  No Major Purchase of Any Kind
Even if you feel you can afford a major purchase like a new car, the car payment will impact your ability to purchase a higher valued home.  Remember mortgage companies approve your mortgage based on their guidelines, not yours. Do not get discouraged, however. You should still take the time to get pre-qualified by a lender.

However, if you have not already bought a car, remember one thing. Whenever the thought of buying a car enters your mind, think ahead. Think about buying a home first. Buying a home is a much more important purchase when considering your future financial well being.

3.  Don’t Move Money Around
When a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs. Most likely, you will be asked to provide statements for the last two or three months on any of your liquid assets. This includes checking accounts, savings accounts, money market funds, certificates of deposit, stock statements, mutual funds, and even your company 401K and retirement accounts.

If you have been moving money between accounts during that time, there may be large deposits and withdrawals in some of them.

The mortgage underwriter (the person who actually approves your loan) will probably require a complete paper trail of all the withdrawals and deposits. You may be required to produce cancelled checks, deposit receipts, and other seemingly inconsequential data, which could get quite tedious.

Perhaps you become exasperated at your lender, but they are only doing their job correctly. To ensure quality control and eliminate potential fraud, it is a requirement on most loans to completely document the source of all funds. Moving your money around, even if you are consolidating your funds to make it "easier," could make it more difficult for the lender to properly document.

So leave your money where it is until you talk to a loan officer.

Oh…don’t change banks, either.

4.  Changing Jobs May Affect Home Buying Power
For most people, changing employers will not really affect your ability to qualify for a mortgage loan. For some homebuyers, however, the effects of changing jobs can be disastrous to your loan application.

Salaried Employees
If you are a salaried employee who does not earn additional income from commissions, bonuses, or over-time, switching employers should not create a problem. Just make sure to remain in the same line of work.  Hopefully, you will be earning a higher salary, which will help you better qualify for a mortgage.

Hourly Employees
If your income is based on hourly wages and you work a straight forty hours a week without over-time, changing jobs should not create any problems.

Commissioned Employees
If a substantial portion of your income is derived from commissions, you should not change jobs before buying a home. This has to do with how mortgage lenders calculate your income. They average your commissions over the last two years.

Changing employers creates an uncertainty about your future earnings from commissions. There is no track record from which to produce an average. Even if you are selling the same type of product with essentially the same commission structure, the underwriter cannot be certain that past earnings will accurately reflect future earnings.

Changing jobs would negatively impact your ability to buy a home.

Bonuses
If a substantial portion of your income on the new job will come from bonuses, you may want to consider delaying an employment change. Mortgage lenders will rarely consider future bonuses as income unless you have been on the same job for two years and have a track record of receiving those bonuses. Then they will average your bonuses over the last two years in calculating your income.

Changing employers means that you do not have the two-year track record necessary to count bonuses as income.

Part-Time Employees
If you earn an hourly income but rarely work forty hours a week, you should not change jobs. There would be no way to tell how many hours you will work each week on the new job, so no way to accurately calculate your income. If you remain on the old job, the lender can just average your earnings.

Over-Time
Since all employers award overtime hours differently, your overtime income cannot be determined if you change jobs. If you stay on your present job, your lender will give you credit for overtime income. They will determine your overtime earnings over the last two years, then calculate a monthly average.

Self-Employment
If you are considering a change to self-employment before buying a new home, don’t do it. Buy the home first.

Lenders like to see a two-year track record of self-employment income when approving a loan. Plus, self-employed individuals tend to include a lot of expenses on the Schedule C of their tax returns, especially in the early years of self-employment. While this minimizes your tax obligation to the IRS, it also minimizes your income to qualify for a home loan.

If you are considering changing your business from a sole proprietorship to a partnership or corporation, you should also delay that until you purchase your new home.

5. Delay Buying a Home in Certain Circumstances
Assuming you have the financial resources and the desire to eventually own your own home, there are very few good reasons to put off the purchase. You can miss out on years of appreciation if you do.

The main thing you want to avoid when buying a home is being put in a position where you will have to sell it too soon. If you have to sell a home before it has appreciated enough to cover the costs and commissions of selling, you could find yourself in a financial bind. This is especially true for those who buy a home with a down payment of ten percent or less.

Real Estate commissions traditionally run around six percent of a home’s sales price. The seller’s closing costs generally come to about one and a half percent. You can see how this can easily exceed the first year’s appreciation. If you made a minimal down payment, you could actually have to come up with cash out of pocket to sell your home.

New to the Area
Chaldeans are becoming more mobile and moving from one state to another.  Especially in Michigan where the economy has become deplorable and with governor Granholm talking about raising taxes the state can expect harsher economic conditions.  

Before moving into a new state you might want to get as much information as possible.  If it is another strongly concentrated Chaldean state you might want to contact the nearby church and speak with members of the parish council to get some insight. 

It makes sense to rent for a number of months before deciding on exactly where you want to live.  Taking out an ad in the church newsletter or contacting a realtor in the area to help identify a rental option before purchasing a new home is always a very smart move.  

Uncertain Job Future
You could be right out of college or expecting a promotion and a transfer. Or your company has announced an impending "restructuring." If any of these apply, it might be best to wait to buy a home. When you have a more accurate picture of what your next few years will be like, that will be the time to buy.

Marital Problems
Real estate agents see a lot of life unfold before their eyes. One of the saddest occurs when former clients divorce and are forced to sell a recently purchased house. It happens all too often when a family in turmoil decides that buying a new home may help resolve their problems. Perhaps it is inevitable that such problems occur, but selling a home before it appreciates can create an additional financial burden in an already difficult situation.

 


 

 Salam Abbo is a Century 21 realtor, who has achieved the prestigious 10 million dollar sales club.  The sales club honors realtors who have demonstrated leadership in real estate measured by their sales.  Mr. Abbo lives and works in Michigan with real-estate partnerships in Chicago, Phoenix, and San Diego.  Mr. Abbo has been married for over 25 years and has three college educated children.