Good views, it is mean something slightly different and more modest but just as important to the value of the property for example, a modest residential building may have views onto a grove of trees at back of the property, the importance of views depends on the particular use of the property you have in mind, nobody wants to live near a dump site or a- sewerage treatment plant but a quiet street is a good view for a modest residential building.

The real estate acquisition must have same growth potential.Any serious investor in real estate should be asking and answering the very same questions if you expect to be successful.One of the best places to look for undervalued property is in marginal areas that are near very successful locations. You buy, there will be an up tick at sometime in the foreseeable future you never know how long it will take for that to - occur.You have no control over if it happens or when it happens.However one thing is for sure the earlier you buy it, the cheaper, the price and conversely, the later you buy it once the growth in the neighborhood gets hot the higher - the price.

Creating a preliminary business plan is an important discipline for you to adopt because it forces you think through - the most important elements of owning a particular piece of property. The people want something that everyone else wants or no one else has..

If you tell someone that a property you own is not sale there is a good chance they will want it even more the simple - statement that something is a limited edition creates a desire for ownership.The success of any auction sale depends on the number of bidders and the emotional frenzy of a heated bidding environment.

It is the tendency of people to believe things they see in print or spoken by the media or some other apparently authoritative source.

Do not take everything you read or hear from brokers, sellers, buyers, tenants. experts or see to them as if it were et - ched in stone.Be willing to dig to confirm the facts behind whatever type of project you get involved with.

In fact, the market in your immediate neighborhood could be glutted with vacant units available at distressed rents.

Create advertisements or media which stress, last available units, builders closeout, special offer, or something equiva- lent that will create the aura you desire.