OpenSync Interview – syncing on the free desktop
">

OpenSync Interview – syncing on the free desktop

Friday, May 19, 2006

This interview intends to provide some insight into OpenSync, an upcoming free unified data synchronization solution for free software desktops such as KDE, commonly used as part of the GNU/Linux operating system.

Hi Cornelius, Armin and Tobias. As you are now getting close to version 1.0 of OpenSync, which is expected to become the new synchronisation framework for KDE and other free desktops, we are quite interested in the merits it can provide for KDE users and for developers, as well as for the Open Source Community as a whole. So there’s one key-question before I move deeper into the details of OpenSync:

What does OpenSync accomplish, that no one did before?

Cornelius:

First of all it does its job of synchronizing data like addressbooks and calendars between desktop applications and mobile devices like PDAs and cell phones.
But the new thing about OpenSync is that it isn’t tied to a particular device or a specific platform. It provides an extensible and modular framework that is easy to adopt for application developers and people implementing support for syncing with mobile devices.
OpenSync is also independent of the desktop platform. It will be the common syncing backend for at least KDE and GNOME and other projects are likely to join. That means that the free desktop will have one common syncing solution. This is something really new.

How do the end-users profit from using synching solutions that interface with OpenSync as framework?

Cornelius:

First, the users will be able to actually synchronize all their data. By using one common framework there won’t be any “missing links”, where one application can sync one set of devices and another application a different one. With OpenSync all applications can sync all devices.
Second, the users will get a consistent and common user interface for syncing across all applications and devices. This will be much simpler to use than the current incoherent collection of syncing programs you need if you have more than the very basic needs.

How does OpenSync help developers with coding?

Cornelius:

It’s a very flexible and well-designed framework that makes it quite easy for developers to add support for new devices and new types of data. It’s also very easy to add support for OpenSync to applications.
The big achievement of OpenSync is that it hides all the gory details of syncing from the developers who work on applications and device support. That makes it possible for the developers to concentrate on their area of expertise without having to care what’s going on behind the scenes.
I have written quite a lot of synchronization code in the past. Trust me, it’s much better, if someone just takes care of it for you, and that’s what OpenSync does.

Tobias:

Another point to mention is the python wrapper for opensync, so you are not bound to C or C++, but can develop plugins in a high level scripting language.

Why should producers of portable devices get involved with your team?

Cornelius:

OpenSync will be the one common syncing solution for the free desktop. That means there is a single point of contact for device manufacturers who want to add support for their devices. That’s much more feasible than addressing all the different applications and solutions we had before. With OpenSync it hopefully will become interesting for manufacturers to officially support Linux for their devices.

Do you also plan to support applications of OpenSync in proprietary systems like OSX and Windows?

Cornelius:

OpenSync is designed to be cross-platform, so it is able to run on other systems like Windows. How well this works is always a question of people actually using and developing for this system. As far as I know there isn’t a real Windows community around OpenSync yet. But the technical foundation is there, so if there is somebody interested in working on a unified syncing solution on Windows, everybody is welcome to join the project.

What does your synchronisation framework do for KDE and for KitchenSync in particular?

Cornelius:

OpenSync replaces the KDE-specific synchronization frameworks we had before. Even in KDE we had several separate syncing implementations and with OpenSync we can get replace them with a common framework. We had a more generic syncing solution in KDE under development. This was quite similar from a design point of view to OpenSync, but it never got to the level of maturity we would have needed, because of lack of resources. As OpenSync fills this gap we are happy to be able to remove our old code and now concentrate on our core business.

What was your personal reason for getting involved with OpenSync?

Cornelius:

I wrote a lot of synchronization code in the past, which mainly came from the time where I was maintaining KOrganizer and working on KAddressBook. But this always was driven by necessity and not passion. I wanted to have all my calendar and contact data in one place, but my main objective was to work on the applications and user interfaces handling the data and not on the underlying code synchronizing the data.
So when the OpenSync project was created I was very interested. At GUADEC in Stuttgart I met with Armin, the maintainer of OpenSync, and we talked about integrating OpenSync with KDE. Everything seemed to fit together quite well, so at Linuxtag the same year we had another meeting with some more KDE people. In the end we agreed to go with OpenSync and a couple of weeks later we met again in Nuernberg for three days of hacking and created the KDE frontend for OpenSync. In retrospect it was a very pleasant and straightforward process to get where we are now.

Armin:

My reason to get involved (or better to start) OpenSync was my involvement with its predecessor Multisync. I am working as a system administrator for a small consulting company and so I saw some problems when trying to find a synchronization solution for Linux.
At that point I joined the Multisync project to implement some plugins that I thought would be nice to have. After some time I became the maintainer of the project. But I was unhappy with some technical aspects of the project, especially the tight coupling between the syncing logic and the GUI, its dependencies on GNOME libraries and its lack of flexibility.

Tobias:

Well, I have been a KDE PIM developer for several years now, so there was no way around getting in touch with synchronization and KitchenSync. Although I liked the idea of KitchenSync, I hated the code and the user interface […]. So when we discussed to switch to OpenSync and reimplementing the user interface, I volunteered immediately.

Can you tell us a bit about your further plans and ideas?

Cornelius:

The next thing will be the 1.0 release of OpenSync. We will release KitchenSync as frontend in parallel.

Armin:

There are of course a lot of things on my todo and my wishlist for opensync. For the near future the most important step is the 1.0 release, of course, where we still have some missing features in OpenSync as well as in the plugins.
One thing I would really like to see is a thunderbird plugin for OpenSync. I use thunderbird personally and would really like to keep my contacts up to date with my cellular, but I was not yet able to find the time to implement it.

Tobias:

One thing that would really rock in future versions of OpenSync is an automatic hardware detection mechanism, so when you plugin your Palm or switch on your bluetooth device, OpenSync will create a synchronization group automatically and ask the user to start syncing. To bring OpenSync to the level of _The Syncing Solution [tm]_ we must reduce the necessary configuration to a minimum.

What was the most dire problem you had to face when creating OpenSync and how did you face it?

Cornelius:

Fortunately the problems which I personally would consider to be dire are solved by the implementation of OpenSync which is well hidden from the outside world and [they are] an area I didn’t work on ๐Ÿ˜‰

Armin:

I guess that I am the right person to answer this question then ๐Ÿ™‚
The most complicated part of OpenSync is definitely the format conversion, which is responsible for converting the format of one device to the format that another device understands.
There are a lot of subsystems in this format conversion that make it so complex, like conversion path searching, comparing items, detection of mime types and last but not least the conversion itself. So this was a hard piece of work.

What was the greatest moment for you?

Cornelius:

I think the greatest moment was when, after three days of concentrated hacking, we had a first working version of the KDE frontend for OpenSync. This was at meeting at the SUSE offices in Nuernberg and we were able to successfully do a small presentation and demo to a group of interested SUSE people.

Armin:

I don’t remember a distinct “greatest moment”. But what is a really great feeling is to see that a project catches on, that other people get involved, use the code you have written and improve it in ways that you haven’t thought of initially.

Tobias:

Hmm, also hacking on OpenSync/KitcheSync is much fun in general, the greatest moment was when the new KitchenSync frontend synced two directories via OpenSync the first time. But it was also cool when we managed to get the IrMC plugin working again after porting it to OpenSync.

As we now know the worst problem you faced and your greatest moment, the only one missing is: What was your weirdest experience while working on OpenSync?

Cornelius:

Not directly related to OpenSync, but pretty weird was meeting a co-worker at the Amsterdam airport when returning from the last OpenSync meeting. I don’t know how high the chance is to meet somebody you know on a big random airport not related at all to the places where you or the other person live, but it was quite surprising.

Tobias:

Since my favorite language is C++, I was always confused how people can use plain C for such a project, half the time your are busy with writing code for allocating/freeing memory areas. Nevertheless Armin did a great job and he is always a help for solving strange C problems ๐Ÿ™‚

Now I’d like to move on to some more specific questions about current and planned abilities of OpenSync. As first, I’ve got a personal one:

I have an old iPod sitting around here. Can I or will I be able to use a program utilizing OpenSync to synchronize my calendars, contacts and music to it?

Cornelius:

I’m not aware of any iPod support for OpenSync up to now, but if it doesn’t exist yet, why not write it? OpenSync makes this easy. This is a chance for everybody with the personal desire to sync one device or another to get involved.

Armin:

I dont think that there is iPod support yet for OpenSync. But it would definitely be possible to use OpenSync for this task. So if someone would like to implement an iPod plugin, I would be glad to help ๐Ÿ™‚

Which other devices do you already support?

Cornelius:

At this time, OpenSync supports Palms, SyncML and IrMC capable devices.

Which programs already implement OpenSync and where can we check back to find new additions?

Cornelius:

On the application side there is support for Evolution [GNOME] and Kontact with KitchenSync [KDE] on the frontend side and the backend side and some more. I expect that further applications will adopt OpenSync once the 1.0 version is released.

Armin:

Besides kitchensync there already are a command line tool and a port of the multisync GUI. Aside from the GUIs, I would really like to see OpenSync being used in other applications as well. One possibility for example would to be integrate OpenSync into Evolution to give users the possibility to synchronize their devices directly from this application. News can generally be found on the OpenSync web site www.opensync.org.

It is time to give the developers something to devour, too. I’ll keep this as a short twice-fold technical dive before coming to the takeoff question, even though I’m sure there’s information for a double-volume book on technical subleties.

As first dive: How did you integrate OpenSync in KitchenSync, viewed from the coding side?

Cornelius:

OpenSync provides a C interface. We wrapped this with a small C++ library and put KitchenSync on top. Due to the object oriented nature of the OpenSync interfaces this was quite easy.
Recently I also started to write a D-Bus frontend for OpenSync. This also is a nice way to integrate OpenSync which provides a wide variety of options regarding programming languages and system configurations.

And for the second, deeper dive:

Can you give us a quick outline of those inner workings of OpenSync, from the developers view, which make OpenSync especially viable for application in several different desktop environments?

Cornelius:

That’s really a question for Armin. For those who are interested I would recommend to have a look at the OpenSync website. There is a nice white paper about the internal structure and functionality of OpenSync.

Armin:

OpenSync consists of several parts:
First there is the plugin API which defines what functions a plugin has to implement so that OpenSync can dlopen() it. There are 2 types of plugins:
A sync plugin which can synchronize a certain device or application and which provides functions for the initialization, handling the connection to a device and reading and writing items. Then there is a format plugin which defines a format and how to convert, compare and detect it.
The next part is a set of helper functions which are provided to ease to programming of synchronization plugins. These helper functions include things like handling plugin config files, HashTables which can be used to detect changes in sets of items, functions to detect when a resync of devices is necessary etc.
The syncing logic itself resides in the sync engine, which is a separate part. The sync engine is responsible for deciding when to call the connect function of a plugin, when to read or write from it. The engine also takes care of invoking the format conversion functions so that each plugin gets the items in its required format.
If you want more information and details about the inner workings of OpenSync, you should really visit the opensync.org website or ask its developers.

To add some more spice for those of our readers, whose interest you just managed to spawn (or to skyrocket), please tell us where they can get more information on the OpenSync Framework, how they can best meet and help you and how they can help improving sync-support for KDE by helping OpenSync.

Cornelius:

Again, the OpenSync web site is the right source for information. Regarding the KDE side, the kde-pim@kde.org mailing list is probably the right address. At the moment the most important help would be everything which gets the OpenSync 1.0 release done.
[And even though] I already said it, it can’t be repeated too often: OpenSync will be the one unified syncing solution for the free desktop. Cross-device, cross-platform, cross-desktop.
It’s the first time I feel well when thinking about syncing ๐Ÿ˜‰.

Armin:

Regarding OpenSync, the best places to ask would be the opensync mailing lists at sourceforge or the #opensync irc channel on the freenode.net servers.
There are always a lot of things where we could need a helping hand and where we would be really glad to get some help. So everyone who is interested in OpenSync is welcome to join.

Many thanks for your time!

Cornelius:

Thanks for doing the interview. It’s always fun to talk about OpenSync, because it’s really the right thing.

Armin:

Thank you for taking your time and doing this interview. I really appreciate your help!

Tobias:

Thanks for your work. Publication and marketing is something that is really missing in the open source community. We have nice software but nobody knows ๐Ÿ˜‰

Further Information on OpenSync can be found on the OpenSync Website: www.opensync.org


This Interview was done by Arne Babenhauserheide in April 2006 via e-mail and KOffice on behalf of himself, the OpenSource Community, SpreadKDE.org and the Dot (dot.kde.org).It was first published on the Dot and is licensed under the cc-attribution-sharealike-license.A pdf-version with pictures can be found at opensync-interview.pdf (OpenDocument version: opensync-interview.odt)

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

Oracle to acquire Siebel for USD 5.85bn
">

Oracle to acquire Siebel for USD 5.85bn

Tuesday, September 13, 2005

US-based Oracle Corporation announced earlier today that they are buying rival US-based Siebel Systems for $10.66 USD per share. Siebel shareholders have the option to receive the $10.66 per share in cash or in Oracle stock. This deal is valued at approximately $5.85 billion USD. Siebel Systems’ Board of Directors has already voted in favour of the acquisition. Founder Thomas Siebel has also given his support. A special meeting will soon be held for Siebel stockholders to vote on the acquisition. If all goes well the deal should close in the early part of next year.

After acquiring Siebel; Oracle, which specializes in database applications, will become the second largest software company. Oracle has offices in more than 145 countries, and employs over 50,000 people. This acquisition will make Oracle the largest customer relationship management (CRM) applications company in the world. CRM applications include accounting, inventory management and customer management software. “Siebel’s 4,000 applications customers and 3,400,000 CRM users strengthen our number one position in applications in North America and move us closer to the number one position in applications globally”, said Oracle CEO Larry Ellison.

“Today is a great day for Siebel Systems’ customers, partners, shareholders, and employees,” said Thomas M. Siebel, Chairman and Founder of Siebel Systems. Many analysts predicted the acquisition of Siebel after Oracle bought competitor PeopleSoft for $10 billion USD, last December.

Rower Tuijn halfway across Pacific in record attempt
">

Rower Tuijn halfway across Pacific in record attempt

Monday, July 9, 2007

Dutch adventurer Ralph Tuijn has reached the halfway point of his attempt to be the first person to row across the Pacific Ocean unaided.

The 16,000 kilometre journey from the coast of Peru to the seaside city of Brisbane, Australia, the widest section of the Pacific, has never been crossed absolutely unaided by a rower, and Tuijn says just nine people have rowed it even with assistance.

Tuijn reached the central point of his crossing, an insignificant point of water in the ocean, 111 days after setting off from Peru in March. He has been making good progress, and has since cut his estimated time of arrival in Brisbane by a month.

The Dutchman, who now expects to reach his destination on October 20, has kept in touch with those tracking his movements through daily internet postings from his laptop computer, including his wife Winnie. His boat, the Zeeman Challenger, is a seven-metre custom plywood vessel.

Tuijn has overcome a variety of obstacles to reach the halfway point. He is suffering from the constant attention of sharks, who often bump his boat and disrupt his attempts at sleep. One particular shark, dubbed ‘Gomulka’ by Tuijn, has been trailing the adventurer’s boat for extended periods.

He has also accidentally burnt himself when he spilled hot water on his foot whilst trying to make coffee, apparently also from a shark ‘bump’. He is also forced to manually pump water for cooking and drinking after his automatic water pump broke down not long into his journey.

“Physically everything feels great and I can’t help feeling that I could do this for 500 days, but mentally it’s still hard to be on your own for such a long time”

His vessel has no motors or sails, but relies on his physical rowing power to move. The boat does have a solar power system to provide energy for his laptop, a telephone and a global positioning system.

Tujin, who is raising money for a children’s home in Mumbai, India, is rowing at an average speed of 58 kilometres each day. His diet consists of freeze-dried foods and fish, which are keeping him physically well-conditioned despite tiring mentally.

Tuijn is a serial adventurer and experienced rower. He has rowed across the Atlantic Ocean and the North Sea, as well as cycled across Russia and the icy terrain of Greenland.

Canada’s Don Valley East (Ward 33) city council candidates speak
">

Canada’s Don Valley East (Ward 33) city council candidates speak

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley East (Ward 33). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Zane Caplan, Shelley Carroll (incumbent), Jim Conlon, Sarah Tsang-Fahey, and Anderson Tung.

For more information on the election, read Toronto municipal election, 2006.

Best Acne Products Is Going Natural The Best Way For You?

Submitted by: Pratim D

Acne is very common and no matter what is your age you are likely to suffer from it. It is always advisable to consult a dermatologist if you are suffering from pimples and then go about the treatment as per your doctor s advice. You can purchase certain acne products that will help you get rid of the pimples. You can also treat acne naturally as the natural remedies are really effective.

Do you suffer from acne outbreaks quite frequently? If you do you will need to find ways to combat the outbreaks. Acne or pimple is a skin irregularity that is caused by several reasons. There are four primary reasons and these reasons work in tandem and result in pimples. The reasons are skin bacterial activity, blockage of skin pores, inflammation and skin pore blockage. To treat the condition you will need to find best acne products that will come to your aid. If you are not a great fan of commercial products then acne treatment natural is the way for you.

Before you choose the best acne products you will need to determine your skin type. If you have oily skin then you will need careful deliberation before you buy a product. In case you have oily skin acne treatment natural remedy will also work effectively. However, first you should know how you will buy a commercial product that will suit you. You will need to opt for products that are labeled oil free . Use a gentle face cleanse for a maximum of three times a day. You can also clean your face with a good toner dabbed in cotton pad.

[youtube]http://www.youtube.com/watch?v=RKm2lYMqiGw[/youtube]

If the best acne products are not good enough for you you can try treating acne naturally. If you keep certain things in mind when it comes to acne treatment natural they can prove to be quite effective. The first thing you need to do is keep your face clean. Washing your face will dissolve the oil and the pores will not get clogged. However, remember not to wash your face more than twice everyday. Excessive washing can dry out your skin too much and this may be counter effective. You can also exfoliate your face routinely.

Another acne treatment natural remedy is using oil free make up. It would be great if you can use mineral make up-they are without oil and will not have any kind of adverse effect on your skin. On the contrary the mineral make up will absorb excess oil from your face and some of these products have natural sunscreen in them. You will also have to make sure that the brushes you use to do your make up are kept clean always. Even if you go for the best acne products make sure the products contain benzoyl peroxide and tea tree oil.

If acne treatment natural is the way, make sure you use sheets that are oil absorbent. You can get these sheets at the chemist s store and you can pat the sheet on your face quite a number of times a day. This will remove the shine and the oil from your face. However, something that you will need to understand is before you go for any kind of pimple treatment consult your doctor. After consultation with him decide whether you need the best acne products or want to get rid of acne naturally.

About the Author: For more information about

best acne products

visit

10acneproducts.com

now.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=603416&ca=Medicines+and+Remedies

Tips On Finding A Workers Compensation Lawyer

byalex

As cautious as you can be, accidents can happen while executing your duty. In such cases, you need to hire the services of a Work Comp Attorney Macon. This is especially if the accident was as a result of the negligence of your employer say like they fail to provide you with the necessary protective gear. You have the right, as an employee to be compensated of all the losses that you incur when you are injured in the course of your duty.

[youtube]http://www.youtube.com/watch?v=hkL9ZSc5RMk[/youtube]

Compensation normally takes monetary form whereby the party to blame for your accident is expected to settle all the medical expenses you incur. In case that the accident results to death, the beneficiaries will be the ones receiving the reward while if it results to paralysis you will be entitled to a monthly allowance for you to be able to cater for your household expenses as well as medical expenses. Paralysis here refers to the inability to resume work owing to injuries. Needless to say, workmanโ€™s compensation cover will not be applicable if it is found that there was some kind of negligence on your side.

Since employers and insurance companies may be reluctant to compensate you in such cases, it is upon you, with the help of a worker compensation lawyer to ask for compensation. Normally the lawyer will first try to negotiate with your insurance company or employer for compensation and if this is not fruitful, only then will they proceed to trial.

Mostly, workmanโ€™s compensation attorney charges their fee on the basis of the compensation you get as a client. This is referred to as contingency fee. Meaning that they will get a percentage of the money you will be compensated and in the event that you do not receive a reward, you are not obligated to pay them. This said, if the lawyer you hired is not able to reach a settlement with the involved parties, they can refer you to another lawyer and for this you will be expected to pay referral fees.

No matter the status of your case, you can be sure that once you contact a Work Comp Lawyer Macon, justice will be served.

New drawing by Leonardo Da Vinci found
">

New drawing by Leonardo Da Vinci found

This item was included in the audio release of Wikinews for 7/2.


Thursday, June 2, 2005

Britain’s National Gallery revealed on Friday that by X-raying one of Leonardo Da Vinci’s paintings, “Virgin of the Rocks”, they have found a drawing beneath the surface of the painting. The drawing is of a woman who is raising her arm and looking downcast. The drawing had been previously dismissed as a mere copy of a similar drawing that is hanging in Paris’ Louvre museum.

[edit]

Category:Education
">

Category:Education

This is the category for Education. See also the Education Portal.

Refresh this list to see the latest articles.

  • 23 June 2018: Algeria blocks internet across nation to prevent cheating in diploma exams
  • 19 May 2018: Principal, teacher arrested for allegedly whipping two students late for school in Ayetoro, Nigeria
  • 25 April 2018: India: Jammu and Kashmir government orders private tuitions to shut down for 90 days
  • 26 January 2018: United States: Two dead in Kentucky high school shooting
  • 20 October 2017: Arrangement of light receptors in the eye may cause dyslexia, scientists say
  • 21 January 2016: Detroit teachers stage sickout to protest working conditions as Obama visits
  • 28 October 2015: Time magazine names Ahmed Mohamed to ‘Most Influential Teens of 2015’
  • 23 October 2015: Masked man kills two in sword attack at Swedish school
  • 4 October 2015: Several dead in Oregon college shootings
  • 22 September 2015: Texas student Ahmed Mohamed inspires social movement
?Category:Education

From Wikinews, the free news source you can write.


Sister projects
  • Wikibooks
  • Commons
  • Wikipedia
  • Wikiquote
  • Wikisource
  • Wiktionary
  • Wikiversity

Subcategories

Pages in category “Education”

(previous page) ()(previous page) ()

Boxing great Muhammed Ali dies aged 74
">

Boxing great Muhammed Ali dies aged 74

Sunday, June 5, 2016

Legendary boxing great Muhammed Ali died on Friday aged 74 in a hospital in Phoenix, Arizona in the United States. A family spokesperson said Ali had been admitted with respiratory problems. The former heavyweight champion lived with Parkinson’s disease for decades, diagnosed in 1984.

Born on January 17, 1942 as Cassius Marcellus Clay, he changed his name to Muhammed Ali after his 1964 conversion to Islam. In his professional career, Ali won 56 out of 61 fights โ€” including 31 consecutive wins. He won the World Heavyweight Championship three times and had also won an Olympic gold medal in the light-heavyweight category.

Often considered the greatest boxer of all time, Ali was the world heavyweight champion in the 1960s and 1970s. His famous fights with George Foreman in 1974 when he won his title back and against Joe Frazier are considered by many as two of the greatest fights in the sport’s history. Ali had also defeated Sonny Liston to claim the championship title.

Ali was also known as a political activist. He came under considerable controversy after his decision to refuse the Vietnam War draft.

He lit the flame in the 1996 Olympics hosted in Atlanta.

His funeral is to be in Kentucky.

How To Buy Reos, Bank Owned And Foreclosure Homes

By Bruce Swedal

An REO property is a home which has been acquired by a lending institution through a foreclosure process. Basically they are homes which mortgage companies have take possession of after an unsuccessful foreclosure auction. Foreclosure auctions on homes are nearly always unsuccessful because the minimum bid on these properties has to cover the outstanding balances owed to any lien holder to the property. This would include the loan balance, any accrued interest, fees for attorneys and costs incurred during foreclosure. All these things nearly always amount to more than the property is worth. Once the minimum bid at a foreclosure auction is not met possession of the property goes to the mortgage holder in the form of an REO.

Once the bank owns the property the mortgage is no longer in place. Then the bank will handle any eviction process, occasionally make basic repairs, negotiate any tax liens and make take care of home owner association dues. Recently banks have moved away from paying the fees for closing and are making these fees the responsibility of the home buyer.

You really do need to understand that mortgage institutions are not interested in just dumping the property on the market. They are still interested in making the process as profitable as possible or limiting their losses. They don’t just give the property away for pennies on the dollar. When you find a REO property and make an offer, the bank will generally come back with a counter offer. You can generally count on some negotiations to get to a price that both sides agree with. Banks have an obligation to their shareholders, auditors and investors that they are working to get the best possible price for their assets. You should be prepared for a game of offer and counter offer.

A deal with a bank is not your typical real estate transaction. You can expect it to take a longer amount of time than normal and delays are a real possibility. Each time a document is generated in an offer several individuals need to review and approve it to be effective. It is common to get a preliminary approval of an offer which still needs to get final approval from a higher up. Things like this are some of the many things that make negotiating on REO property unique.

[youtube]http://www.youtube.com/watch?v=tDXc6JtzPsI[/youtube]

Most often mortgage institutions will want to sell the property as is so you will want to make sure that you conduct good inspections of the property to understand its condition. Banks will often refuse to make repairs on the property so you will want to take this into account when you make an offer. In some instances banks may renegotiate if after the inspection you find that the repairs will be substantial. The mortgage institution may feel that lowering the price is a better option than putting the property back on the market again.

In those instances where the bank will not move on the price and you get a rejection, you should consider watching the property for another month and if it is still available you can resubmit your initial offer again with adjusted dates. After an additional month with the home not selling they may be more inclined to take your offer.

A couple things you should have your agent find out prior to making your offer are:

Do they have any inspection reports you can look at?

Is it being sold as-is with a as-is form? How long can it take for the bank to respond? In what way will offers be presented?

You should realize that when dealing with a bank nothing will happen in the evenings or on weekends. The offers to bank owned homes are typically faxed or electronically delivered with no actual face to face interaction. To speed the process along provide a lenders pre-qualification letter with your offer. If you let them know you’re serious by having your financing in place they will take your offer seriously.

An REO is a good way to buy a property in distress without having to deal with a seller. There is only you, your agent, the agent for the bank and the bank’s representative who are negotiating.

About the Author: Get your home listed on the most trafficked Denver Real Estate website. When you want to sell your home, you want it seen. The online home of your Highlands Ranch Realtor.

Source: isnare.com

Permanent Link: isnare.com/?aid=238605&ca=Real+Estate

« Previous Entries Next Entries »