Real estate articles
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- 2007-11-13 22:16:19 - Taxes when you sell your home
- What's the difference between death and taxes?Death doesn't change every time Congress meets. But taxes certainly did in 1997, and the Taxpayer Relief Act of that year made a dramatic difference in the tax liability of those who sell their own homes. As it stands today, almost no one will owe any federal tax on profit made from the sale of a principal residence (defined by the IRS simply as...
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- 2007-11-13 22:16:19 - Pricing your property
- A house properly priced is half sold. But there are plenty of ways to price it improperly.You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time.On the other hand, perhaps...
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- 2007-11-13 22:16:19 - Should sellers order a pre-sale home inspection?
- One of the main reasons home sale transactions fall apart is inspections. This happens when something unanticipated is discovered during the buyers' inspections of the property, and the buyers and sellers can't agree on a remedy.For example, the sale of a four-year-old, multi-million dollar property in Northern San Diego County recently fell apart because of an inspection. A team of inspect...
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- 2007-11-13 22:16:19 - How do i fix up a home to sell?
- The first thing you need to do is stop thinking of your home as "home" and start thinking about it as a commodity that you want to sell. To be a successful seller you must detach yourself emotionally from your home and be brutally honest about how it should look in order to sell.Property condition and appearance play a much bigger part in home sales now than they did in the run-away seller'...
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- 2007-11-13 22:16:19 - What is a cma
- "CMA" is an abbreviation real estate agents use for a Comparative Market Analysis. A CMA gives an estimated sale price for a property given current market conditions. It's prepared by a real estate agent and it usually comes in report form. Most residential real estate agents don't charge a fee for preparing a CMA.An agent needs to walk through the property in question before preparing a CM...
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- 2007-11-13 22:16:19 - How to get top dollar for your home ? fast
- 1. Time is money when selling your homeAfter you've made the decision to sell your home, the longer it remains unsold on the market, the more it costs you. Many home sellers feel it's very important to receive close to their full asking price. But they overlook the additional months of carrying costs, such as mortgage interest, property taxes and maintenance. I've seen homes remain unsold o...
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- 2007-11-13 22:16:19 - 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....
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- 2007-11-13 22:16:19 - Negative gearing ? it?s not to your benefit!
- The concept of negative gearing has been originally developed to encourage real estate investment in Australia by allowing any income losses from property investment to be deductible from other income as a tax benefit. This means that the taxable income of the owner will be reduced after the deduction and therefore the total tax payable is also reduced.In view of the fact that many of the p...
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- 2007-11-13 22:16:19 - Get to know about building codes & town planning applications, if you want to build a house
- These are real building questions that I received from readers of my e-book, "Residential Development Made Easy" with answers from me, Colm Dillon, and a major USA Construction Master operating in 48 States.Question 1.Are there mandatory common national building codes that every state IN THE USA must abide by?ReplyUnfortunately, the answer is no. But if so...
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- 2007-11-13 22:16:19 - Understanding the escrow (closing) process
- 1. What is an escrow?Escrow is defined as a process where parties deposit instructions and funds with a "disinterested" third party until conditions of the instructions are met. This applies whether the purchase is real estate or an expensive Ebay item. In a real estate escrow, a title insurance company, escrow company or attorney will traditionally serve as the third party. They wil...
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- 2007-11-13 22:16:19 - Ten creative financing techniques
- Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn't if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real estate. Here are ten methods to get you thinking.1. Hard money lenders. You can ask around or find ...
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- 2007-11-13 22:16:19 - 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...
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- 2007-11-13 22:16:19 - Real estate professional in the palm of your hand
- GETTING THE MOST FOR THE LEASE-TRACKING YOUR REAL ESTATEIf you own rentals and/or investment properties, you know that you have to keep track of your portfolio, maintenance profiles, property managers, and related financial matters. There are a multitude of programs for the Palm-Pilot system to keep up with lease dates, lease expirations, and rent due dates. They will let you know when to s...
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- 2007-11-13 22:16:19 - Selling property - valuing your property
- Selling property privately has many advantages over using an estate agent. However estate agents can provide useful local information not available from the internet. Despite this many who have sold there home privately have benefited from the following:? Saving thousands in commission ? Savings in time spent selling home? Experience a wider choice of online services ? A ...
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- 2007-11-13 22:16:19 - 5 rock-solid real estate investment strategies
- Investing in real estate is more complex than simply buying and selling homes. To help new real estate investors to decide which strategy might work for them I put together 5 rock-solid strategies. It is up to you which strategy you feel more comfortable with.1. Buy and HoldThis real estate investment strategy is commonly known as rental properties. Becoming a landlord is easier than...
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- 2007-11-13 22:16:19 - Home not selling in todays hot market? tips and ideas to help you sell
- So, your selling your home. Prepare yourself both physically and mentally for the agony of the endless phone calls and interruptions to your daily schedule. But more importantly, prepare your home for the ever critical eye of each person walking through the door. For it is not their goal to see the good in your home, but to see each and every flaw that has ever been. What can you do as a seller to...
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- 2007-11-13 22:16:19 - Seller financing - six safety tips
- Why offer seller financing when you sell? A higher price, a good return on your money, a faster sale and to sell a property that is otherwise difficult to sell. Some good reasons, but how do you do it safely?1. Get a large downpayment. The most obvious way to be safe, and not always possible.2. Get other security. If they want it with little down, and you like the return you'll get, ...
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- 2007-11-13 22:16:19 - Is second home ownership in your future?
- According to the National Association of REALTORS® (NAR), a record 2.82 million second homes were sold in 2004. Given attractive interest rates, a strong housing market, and the increasingly mobile lifestyle of North Americans, it comes as no surprise that the resort and second home market is enjoying steady growth.For some, purchasing a second home is a financial strateg...
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- 2007-11-13 22:16:19 - Building a home? want to ask a builder the right questions - not the dumb ones!
- These are real builder questions that I got from readers of my e-book, "Residential Development Made Easy" with answers from a major USA Master Builder operating in 48 States.Question 1.My wife and I are planning a new home. We intend approaching a builder or two in this area, and I plan on asking them these questions.My wife is very adept at planning and researching. U...
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- 2007-11-13 22:16:19 - Property for sale in bulgaria - emerging property markets 1
- The latest investment property headline is this: Popular and well trodden markets such as France and Spain are out, Bansko is in.Where?Bansko, Bulgaria. Fast becoming one of Europe's hottest ski resorts and showing no signs of slowing down for beginners, Bansko is where the smart money is being invested. From as little as £30,000 you can own a 1 bedroom apar...
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- 2007-11-13 22:16:19 - Real estate financing - ten ways
- Do you remember when real estate financing meant you saved up enough to put 20% down on a house, and then you got a mortgage loan for the other 80%? Well, you can still do that, but there are many more options now. Here are ten of them.1. Gifting programs. In some parts of the country, builders fund foundations that give you a portion of the downpayment, so you can get into a home with as l...
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- 2007-11-13 22:16:19 - Just give me eleven reasons to buy in dubai
- Buying overseas property is not always for the fainthearted but we think Dubai is an exception to this. Here are eleven reasons to buy in Dubai:1. Property prices look cheap by International standards, and rental yields are still high in Dubai.2. Rental Market: Long-term residents of U.A.E. are considering buying to replace rental payments and to take advantage of the ever increasing...
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- 2007-11-13 22:16:19 - First impressions will sell property fast!
- First impressions count, buyers will have already formed an impression before they step into your property. A well-kept garden, pathway and fence, plus a freshly painted front door are immediately appealing, whereas a scruffy outdoor space with a litter bin outside the front door may turn many prospective buyers away.De-clutter - don't underestimate the appeal of a tidy property. Throw out ...
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- 2007-11-13 22:16:19 - Four reasons to offer seller financing
- An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it. I took $1000 down, and I still get a payment every month, with 9% interest.Reasons To Offer Seller Financing1. To get a higher price. As you can see from the example above, buyers pay for easy te...
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- 2007-11-13 22:16:19 - Real estate feasibility study (cost side) - $1.2 billion developer tells you how to do one
- There are two sides to real estate development feasibility study: The Cost Side & The Income Side.I am going to concentrate in this article on The Cost Side.Having told you that a feasibility study is vital when applying for finance, it is however, just another cog in the wheel of the property development process.To help you come to grips with the term, feasibili...
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- 2007-11-13 22:16:19 - Real estate development feasibility study (income) - $1.2 billion developer tells you how to do one
- There are two sides to a feasibility study and in an earlier article I discussed the cost side of the format and:Now Let's Discuss The Income SideWithout the Sales Income, All You've Done Is Spend Money, And Anyone Can Do That.So that we are clear in what I am going to define for you, let me say that there are two forms of Income.We shall be dealing with Sale...
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- 2007-11-13 22:16:19 - 10 ways to find investment properties
- If you really want the best deals in investment properties, you have to increase your odds by finding more deals. Who is more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are the ten:1. Talk. Let people know you are looking and sometimes the properties will come to you. There are a lot ...
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- 2007-11-13 22:16:19 - Home inspectors: 5 tips to choosing the right one
- Choosing the wrong Home Inspector can cost you a lot more than the fee you paid. If you choose a home inspector solely on price alone, your headed down a dangerous highway.I'm still amazed at people who will spend countless hours, days and months looking for just the right home and then choose a home inspector solely because he was $50 or $100 than the next guy.Home Inspector Schools...
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- 2007-11-13 22:16:19 - Buying a home with zero down payment in irvine, ca
- Years ago, the only person that could buy a home in Irvine with zero down payment using a new purchase money loan were Veterans of War (called a VA loan). In the past several years, there has been an explosion of new loan programs designed to fit most any buyers circumstances. Today, most anyone can buy a home with zero down payment if they have sufficient income and decent credit.There are...
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- 2007-11-13 22:16:19 - 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 fol...
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