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FAQ

How can a buyer structure their offer in a “highest and best” request like a vickrey auction (slightly higher than the second best offer)?
As I can best recall, there was a formula or a statement that one could write up in an offer called a point price or price point, where if worded correctly, it would allow an offer that would be automatically be at a $5,000 [or other stated] amount over any other offers. The wording should be confirmed as stated by the California Association of Realtors. This is where I learned of this potential way of submitting an offer in a multiple offer situation, But never checked out all the details as I never had a need for this item.
How do people find out my home is in foreclosure and solicit their services to me?
The plaintiff is required to post the notice of default in local newspapers. This is often the major newspaper with the biggest online presence in your area. At that point anyone can view that since it’s now public information. This must be posted several times in the newspaper before the sale. The timeline for this is months or weeks before the sale. In the county I live in the minimum requirement is 3 Mondays before the sale, i.e. the info is posted at least 3 times.Additionally, if you’re in a judicial state, the Sheriff’s Department will post your property on the list of upcoming sales which will be hosted on the Sheriff’s website (often a .gov site).
How do you decide which investment offer to accept? The one with the highest offer and the most money, the one with the most experience in the same field or the one that you work best with?
“Are you sure you want to money from these guys?” That was the question I had for “Russell”, the founder and CEO.The warning signs were already there that maybe Russell’s potential investors might cause problems later. The investors had changed the terms of the deal after Russell agreed to the term sheet.The changes weren’t minor. At the last possible moment, they reduced their offer. And they required Russell to hire a specific person at a very high equity and salary position that was out of whack with the rest of the team.Russell had options besides taking the VC money. He could take a smaller amount from a group of angels.Russell thought about my question for a moment. Then he said, “Yes, I want to take their money because we will go faster.”Now, two years later, Russell is raising his next round of funding. The only problem is his existing investors, the same ones that caused him problems two years ago, are causing him big problems now.So, what offer should you accept comes down to one, and only one thing:You need to be in alignment with your investor(s):What is alignment? It comes down to these three elements:A. You need to be in financial alignment with your investors:Let’s say you take $1M seed stage investment, and you give up 20% of your company in return. Your investors are probably hoping to make 30X on their money or $30M.For your investors to make $30M, your company needs to be worth $30M/20% = $150M. Welcome to the big leagues.Was getting to a valuation of $150M your goal when you started the company, or would you have been happy selling the company for $40M a few years down the road?It’s pretty easy to see how you can fall out of financial alignment with your investors if you don’t want the same thing. And…B. Your vision for the company needs to be the same as your investor(s) vision.You have a vision to develop products for Market A using Technology B. Your investors believe you should develop products for Market B using Technology A.Your investors will likely support you going after Market A with Technology B, but they will not like it. And you may lose your investor support quickly if you are not successful quickly.C. You and your investors need to treat each other with respect and fairness.Any relationship is a two way street. If one side isn’t treating the other side well the relationship will eventually suffer and possibly fail.As I said earlier, the signs were there from the start that Russell’s investors weren’t supporting the company properly. You can’t look the other way and just assume everything will be okay because a bad investor relationship is the one thing that is just about impossible to recover from.Don’t just take money from any investor.Investor relationships are long term, seven to ten year relationships. You need to be in alignment with your investors to make it work.For more, read: What's The One Type Of Investor You Absolutely Must Avoid? - Brett J. Fox
What triggers an extension of the time to submit " highest and best" offers in Real estate?
Generally this is used when there are multiple offers on a property. When i have received more than one offer I return to all contract representatives and return their first offer writing in the counter offer area on the contract that selker is asking for buyers• best and final by 5:00 on a certain date. However, I have also used this when a buyer is making low offers on a property and keeps coming back in tiny increments. Selling a property is an emotional time for both buyer and seller but the seller generally has more invested in the property emotionally and although the buyer is just trying to get to the sweet spot of the sale price the seller is becoming frustrated feeling he is being jerked around. Rather than have the seller walk away, I will ask the buyer to make a best and final offer. Then the seller will accept or reject the offer and the negitiations are over.
Why don't schools teach children about taxes and bills and things that they will definitely need to know as adults to get by in life?
Departments of education and school districts always have to make decisions about what to include in their curriculum.  There are a lot of life skills that people need that aren't taught in school.  The question is should those skills be taught in schools?I teach high school, so I'll talk about that.  The typical high school curriculum is supposed to give students a broad-based education that prepares them to be citizens in a democracy and to be able to think critically.  For a democracy to work, we need educated, discerning citizens with the ability to make good decisions based on evidence and objective thought.  In theory, people who are well informed about history, culture, science, mathematics, etc., and are capable of critical, unbiased thinking, will have the tools to participate in a democracy and make good decisions for themselves and for society at large.  In addition to that, they should be learning how to be learners, how to do effective, basic research, and collaborate with other people.  If that happens, figuring out how to do procedural tasks in real life should not prmuch of a challenge.  We can't possibly teach every necessary life skill people need, but we can help students become better at knowing how to acquire the skills they need.  Should we teach them how to change a tire when they can easily consult a book or search the internet to find step by step instructions for that?  Should we teach them how to balance a check book or teach them how to think mathematically and make sense of problems so that the simple task of balancing a check book (which requires simple arithmetic and the ability to enter numbers and words in columns and rows in obvious ways) is easy for them to figure out.  If we teach them to be good at critical thinking and have some problem solving skills they will be able to apply those overarching skills to all sorts of every day tasks that shouldn't be difficult for someone with decent cognitive ability  to figure out.  It's analogous to asking why a culinary school didn't teach its students the steps and ingredients to a specific recipe.  The school taught them about more general food preparation and food science skills so that they can figure out how to make a lot of specific recipes without much trouble.  They're also able to create their own recipes.So, do we want citizens with very specific skill sets that they need to get through day to day life or do we want citizens with critical thinking, problem solving, and other overarching cognitive skills that will allow them to easily acquire ANY simple, procedural skill they may come to need at any point in their lives?
What is the best of the many sites that offer tiny amounts of money for filling out surveys and the like?
Get Paid For Your Opinion broHi,I would like to invite you to Get Paid For Your OpinionI enjoy answering quick surveys here and getting compensated for my time and opinion. Thought you'd enjoy it too.Cheers,
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