Real Estate Information
|
Dont Forget To Ask About Restrictive Covenants
Homebuyers, especially first-timers, may not think of asking about restrictive covenants. But these clauses dictate what can and cannot be done to or on a property. When buyers purchase property governed by restrictive covenants, they consent to conduct their lives in accordance with those provisions.A restrictive covenant, which is a type of deed restriction, regulates a group of new and existing homes or building lots. Developers use them to preserve a development or subdivision as a model community and control its use and appearance. Buyers agree to the sometimes-rigid restrictions in order to maintain the aesthetic standard set by the developer and to safeguard the value of their homes.Restrictive covenants should not be confused with local zoning and government regulations. Some covenants and zonin...(related: Real Estate)
Dont Get Stuck Having To Deal With The Sellers Household Hazardous Wastes - After You Move In!
I have a confession to make!I was just outside with Frankie (my dog) and noticed I stillhad an old car battery sitting by the foundation, at therear of my house.Yes, I'll admit it's not right, and quite environmentallyinsensitive for me to have it there. However, even though Iknow I should have disposed of it by now, that fact is, it'sstill there. Seeing it there prompted me to think about, ifI was selling my home, how easy something like that would beto 'forget' about and leave behind - for the buyers to dealwith.It also prompted me to recall the 3-4 spent automobiletires, and rims, that I found in a basement closet - afterwe had moved in!It reminded me of all the paint cans, stain cans and a hostof other household hazardous waste that was left behind forme to deal with and dispose of properly.<...(related: Real Estate)
Don?t Just Be A Real Estate Agent, Be A Professional!
Buyer Broker Agreement? What's that? Most agents don't ask their potential buyers to sign anything. It is too?well?you know?uncomfortable. Hmmmmmmm.A professional is viewed as a professional for a reason. They value their own time and energy as well as their clients. Of all the paperwork required, I often wonder why the Buyer Broker Agreement isn't required.Personally, I take anywhere from 40 to 50 phone calls per day from my listing signs. Most of these individuals do not have an agent or they are not happy with their agent's performance. When someone calls without representation, I also extend an offer of my services, but there is a catch, they must be willing to sign a buyer broker agreement. Why? It is the right thing to do. I often hear agents griping about how people run them ragged and use them up and t...(related: Real Estate)
Dont Just Get The Deed - The Infamous Kitchen Table Closing
Q: Hi Lou, I have a property under contract that I want to resell/flip as-is to a rehabber/renovator, but I may have to purcha...(related: Real Estate)
Dont Overpay For A House, Even In Todays Market
If there's one thing American investors love, it's an over-inflated market. Which is why they keep buying houses and new ones keep coming onto the market. According to the latest data, housing starts rose an annualized 3.4% in September, matching a 17-year high. Whoo-ha! Go, baby go.I wonder if the people buying these houses, for ever-rising prices, are the same people who couldn't get enough Amazon.com stock at $100 or Lucent shares for $75? Having been burned in the stock market, I guess they decided to re-invest what was left in their homes. Are we in a housing bubble? I don't know, but I suspect that we are, at least in some areas of the country.Don't misunderstand me, now. I own a home, and I think home ownership is one of the grea...(related: Real Estate)
Dont Sell It Yourself
Don't sell it yourself! Sometimes a "FSBO," or house "for sale by owner" can sell as fast, and for as much as it would have if listed with a real estate agent. Sometimes. Before you decide to give it a try though, consider the following ten points.1. Most buyers work with agents, and look through MLS listings. If you don't list with an agent...(related: Real Estate)
Dont Sell Your House--ever!
Keeping your existing house when you buy a new one could be THE most profitable financial decision you could make. Consider the following:1. Second stream of income: When you move to another place and keep your current house as a rental, this gives you an extra stream of income.2. Pay less tax: Your rental property produces business income. When you have a business, you are entitled to tax write-offs. This could save you a lot of money that you would normally pay to CCRA (Revenue Canada).3. Fast wealth: Tenants will pay off your mortgage in a rental property. Your net-worth will grow without you having to sa...(related: Real Estate)
Dramatic Profits From Preconstruction Real Estate Investing
The preconstruction process is an innovative real estate investment opportunity in which you buy tomorrow's property at today's price. Preconstruction investing is a boon for the investor or buyer as well as the developer or builder. The biggest advantage of preconstructi...(related: Real Estate)
Dubai Or Not To Buy? A Short Assessment Of The Dubai Property Market
Never has there been such an ambitious and creative drive to establish a property market as has been witnessed in Dubai over the past three years. Running short on oil reserves, Dubai's crown prince, Sheikh Mohammed Al Marktoum, set out to turn Dubai into the financial, commercial and tourism capital of the Middle East and in the space of three years he has more than succeeded. The country's GDP has expanded by 17 per cen...(related: Real Estate)
Easing Your Way Into Homeownership: A Guide To Low Down Payment Mortgage Programs
There's no question about it: Buying a first home is a big financial commitment. In most cases, a home is the largest single purchase an individual or family will make in a lifetime. However, because of the tax advantages afforded to homeowners, buying a home also can be one of the best financial decisions you'll ever make.Problem is, many would-be homeowners remain renters simply because they mistakenly believe mortgage lenders require that buyers come up with 20 percent of the purchase price as a down payment. While it's true lenders feel it's less risky to work with buyers who are able to bring a substantial down payment to t...(related: Real Estate)
Eight Out Of Ten Millionaires Surveyed Made Their Fortune In Real Estate - How?
Consider the statistic in the title for a moment.8/10 millionaires surveyed found their wealth in Real Estate.What that means is an overwhelming proportion of people we'd like to emulate and achieve the results they ...(related: Real Estate)
Eleven Questions To Ask In An Agent Interview
Questions Sellers Should Ask in Agent Interviews:1. Is your license in good standing?You can check an agent's certification yourself with your state's department of real estate. Avoid working with an agent whose license is not in good standing.2. How many years of education and experience do you have?Experience and continuing education typically make for better agents.3. 3. How many homes have you sold in my neighborhood?An agent who specializes in the area in which you are selling your home is preferable. This agent will be the most familiar with recent sales activity and will be able to recommend a good market price for your home.4. At what...(related: Real Estate)
Empty Nesters Flock To Inner City
Babyboomers whose children have left home, commonly known as "empty-nesters" are buying inner city apartments in record numbers.Director of Acton Special Projects, Marc Drexel says the trend is towards quality rather than mass developments."The empty-nest market is growing and expanding with people wanting to reward themselves with a quality lifestyle property".Typically this group of buyers is seeking 2 big bedrooms, rather than 3 small ones with generous open plan living areas. These developments often include lifestyle features such as a gym, coffee shop, resident caretaker and even a rooftop...(related: Real Estate)
Encouraging Debt
Most of us don't talk about money, finances, credit, debt....Young people especially go into the real world blind about these issues. They have had it...(related: Real Estate)
Equity
Equity is the value of your home minus what you owe on your mortgage. For example, If Joe's home is worth $200,000 and Joe still owes $170,000, then ...(related: Real Estate)
Escalation Clauses ? A Home Buyers Secret Weapon
Today we discuss escalation clauses because much of the country is experiencing an extreme "sellers' market." By that, I mean there are more buyers than there are sellers, and that results in sellers' getting more than one offer to buy their property. The seller can be picky about the terms under which he is willing to sell. A potential buyer is apt to make one or more offers which are rejected before making a successful offer. If you are a buyer, how ...(related: Real Estate)
Escrow Accounts ? Are You Paying Too Much?
Money in escrow is "dead money". It doesn't earn interest for you and it doesn't reduce your mortgage interest payments. Therefore every cent in your escrow account is costing you money. Make sure there is no mor...(related: Real Estate)
Escrow From A California Homeowners Perspective
The Escrow ProcessBoth Buyer and Seller deserve the assurance that no funds or property will change hands until all of the instructions in the Purchase Contract have been satisfied. The Realtor submits Buyers and Sellers signed documents and Buyer's deposit money to be held by an independent neutral third party (Escrow). After the conditions agreed upon by both Buyer and Seller (in the Purchase Contract) are satisfied, Escrow then distributes the documents and the funds.The escrow holder is an independent neutral third party; works for both the Buyer and the Seller, and is authorized to follow the specific written instructions provided by both parties. Escrow functions:Receives and deposits (into escrow's account) Buyer's initial depo...(related: Real Estate)
Essential Buyer?s Guide For Overseas Real Estate
It's been said many a time that overseas real estate buyers leave their brain on the plane when they step out into ...(related: Real Estate)
Estate Agents On The Costa Blanca Spain
Properties for sale or to rent on the Costa BlancaAs a general rule of thumb, newly built properties on the Costa Blanca are generally cheaper than existing or re-sale properties - cheaper still if you buy 'off plan' (before the house has been started). Property prices have rocketed here over the last five - ten years and many fortunate people have found that their properties have grown in value enormously even before they had moved in! Even though the market i...(related: Real Estate)
Estate Planning
Estate planning can enable you to control your property while you are alive, take care of you and your loved ones if you become disabled, and give what you have to whom you want, the way you want, and when you wan...(related: Real Estate)
European Second Home Prices Wilt In Drought
Spain and Portugal have suffered one of their worst droughts on record this summer, with consequences from empty swimming pools for the tourist to economic disaster for farmers losing their crops and livestock.Roger Munns, Managing Director of Tribune Properties, predicts that property prices in the two European countries could drop as much as fifteen per cent in some areas as more owners decide to put their villas and apartments on the market.'For many owners of second homes the original motivation to buy was to have somewhere they could spend time in a relaxing environment. Coupled with the thought of a good investment for the future, the market for overseas homes from buyers in the UK, Germany and...(related: Real Estate)
Evil Gains Entry
When we open our doors to strangers, we can never be certain what malice an outsider might bring in. Police officers tell us to keep our doors locked with good reason. Yet, every day in this country, thousands of naive citizens, aspiring to market their homes?without paying a brokerage fee?place themselves at considerable risk.With fierce crime on an increase, eager For Sale By Owners, are often slack in their judgment of just how dangerous such a thrift venture is. Husbands become homicides, wives are ravaged, families forever devastated, all because invincible men are anxious to sell homes themselves to people who-they only ...(related: Real Estate)
Expense List For Buying A Home
There are many expenses that come with buying a home. The following list is a good example of what to expect:Down payment - A minimum of 20% of the home's purch...(related: Real Estate)
Expenses Of Home Ownership
Hopefully all goes smoothly when you purchase your home. In your anxiousness to become an owner it may not have crossed your mind and no one tells you, your'e not done spending mo...(related: Real Estate)
Family Feud With An Auction Deadline ? Adventures In Probate/ Estate Purchases
One of our investor students told us of an interesting probate deal or "adventure" they're working on now and while it's a good story, it also illustrates lots of the ins and out of probate or estate issues and purchases.The Seller (we'll call him Scott) co-owned this house with his mom, and he co-signed on the loan with mom. Mom has been deceased for 3 years no...(related: Real Estate)
Fantasy Gap [fast Money In Real Estate]
I was in the rental business for seven-years, made 1.3 million dollars the first five years, got ill, and had to get out of it slowly, but had the money to do it. I could have made five million had I stayed in another five years. But my point in is this: I watch TV, on all these quick ways to make money, and people really belief this crap. I mean, I owned seven buildings, but I worked 24/7. Ended up ...(related: Real Estate)
Farm Expired Listings For Big Commissions
Many real estate agents begin and sometimes sadly end their careers without a plan. And as the saying goes, failing to plan is as good as planning to fail.Sure, some do the usual and expected things to cultivate new business, like mailing letters and post cards to friends and relatives, phoning acquaintances, and giving out business cards to any and everybody they meet.Heck, some are courageous enough to "cold call" pr...(related: Real Estate)
Feel At Home Faster After You Move
Moving to a new community can be a great adventure, if you go with the right attitude and a sound strategy for settling-in. Incorporate these tips into an action plan, and you'll stay focused, organized and proactive-just what's needed to put roots down fast.
Finance Your Real Estate Investment Properties
Unlike traditional residential real estate mortgages, real estate investment financing is way more creative and offers more options than you think. The golden rule in real estate investment is OPM (Other People's Money).I have enough money; shouldn't I buy m...(related: Real Estate)
Financing Houses
What Real Estate Lenders Look ForLenders control many programs -- some make use of over 200! Generally, lenders look for the following typical standards, with many exceptions:1. Absolutely no late mortgage payments2. Credit score ...(related: Real Estate)
Find Bucks In Yucks! 20-year-old Woman Turns Doghouses Into Dollars!
Do you dream of making money in real estate? Do you realize how easy it is to make big bucks? Even a young inexperienced person can transform houses for great profit.How to Fix, Flip, and Laugh All the Way to the BankAt the age of twenty, our family friend Dawn made her first fortune flipping houses by herself. Dawn bought her first HUD repo (government-owned repossessed house), fixed it up and sold it herself. She made enough money to buy her second fixer house with all cash. Our young friend sold her second house for $44,000 profit and paid cash for her third fixer house. Within a few months, Dawn sold that house and had enough money to pay cash for another house and reward herself with her custom dream truck. Dawn did all this -- Three Doghouses --...(related: Real Estate)
|
|
|
Selling Your Property Without An Estate Agent
It is possible to save £1,000s selling your home privately and cutting out the estate agent, but what are the issues that you need to consider?Pricing the propertyPrice your property too low and you could short-change yourself from the true market value, price your property too high and you will simply put off potential buyers.Before you put your property on the market, you need to do some market research. Are there any similar homes for sale in your neighbourhood? If so approximately how much are they going for? Look through the local papers and property sales websites to compare your home against others.Once you have identified a market value for your home, you may...(related: Real Estate)
How To Sell Your Home Fsbo
You decide to sell your home and believe you can handle the selling process. Good for You!Of course you're a little nervous and that's normal. You might stay awake at night wondering how long it is going to take to actually sell this home."Can I get my asking price?" You wonder.Yes it is possible to sell for sale by owner and yes you can get your asking price.If you followed the guidelines outlined in our Do It Yourself FSBO Tips for sellers you will have your home ready to sell.So what's the key to selling a home within a timely manner?Readiness, Price, Terms and ADVERTISING!Get your on-line listing and set your advertising budget for an aggressive marketing campaign.What this means is blasti...(related: Real Estate)
I Believe God Wants Me To Tell All In Real Estate
After years of experience in the real estate industry I felt that God wanted me to write about everything in real estate. There were young people that were not being protected by anyone, including buyer's agents. Once I did a VA appraisal on a house that was unbelievable in the amount of repairs. It was listed by one of the most dishonest agents I have ever met. We had words on numerous ocassions. When the appraisal was completed it was "subject to repairs" and it was a big list. I was at the house when the buyer showed up, then came his agent. They wanted to know if everything was alright. I told them a lot of repairs would have to be done to meet VA minimum property standards. The agent called his partner who quickly showed up with the crooked ...(related: Real Estate)
site-map - Copyright © 2006 real-estate.myinfohut.info | Contact Webmaster | All Rights Reserved. | Real Estate