Real estate articles
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- 2007-11-13 22:16:19 - So, you wanna buy pre-foreclosures?
- So you wanna buy pre-foreclosures? or at the courthouse steps? So many people ask us about this. Here's our '30 second seminar' on it. If you're going to buy PRE-foreclosures--after the seller is behind on her payments, but before the lender's auction date-then there are some pros and cons to consider.Pros: 1) you've got a good possibility of buying the house subject-to the loan from a very...
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- 2007-11-13 22:16:19 - 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 purchase it quickly and simply record the Quit Claim Deed, without using a closing attorney or waiting for a title exam. I need your advice.The seller just called me and left a msg on my voice mail stating she did not want to sell to me because she received a better offer....
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- 2007-11-13 22:16:19 - Relocation humor: why i bought a house
- The Rental Experience in South FloridaReaders: This is based on a true experience -- only slightly exaggerated -- part of my life of adventure.If I had read my own book, Making the Big Move, and followed my own advice, none of this would have happened! A word to the wise ...To: Cathy Goodwin From:Agony Arms Rental HomesWelcome to Agony by the Sea! We are so pleased ...
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- 2007-11-13 22:16:19 - Follow-up - the key to successful closings
- If everyone always did everything they said they'd do, we'd all be a lot richer. Unfortunately, tasks are overlooked, and the ball is often dropped. If you want to have successful closings, you must have strong "follow-up" skills to catch problems early in the process. Follow-up on everyone and everything.We can't begin to tell you the number of closings that almost fell apart, or...
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- 2007-11-13 22:16:19 - 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 now.Scott says his siste...
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- 2007-11-13 22:16:19 - Take the guess work out of your wholesale property purchases
- We have become very concerned by the number of readers writing to us asking how to determine which are the wholesalers(*) that can be trusted. Why are we concerned? Because when we dig a little deeper, we realize that they are buying properties based solely on the recommendation of the wholesaler. They're guessing which ones to trust, and which houses to buy. That's a dangerous way to do business....
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- 2007-11-13 22:16:19 - 11 steps away from buying a home
- There is no doubt that the market for houses has been on fire recently. More and more people are taking advantage of low interest rates and easy mortgage loan terms to go from being renters to being home owners. With so many people entering the market, it is inevitable that questions will arise.There are many things to consider when buying your first home. Some of the most important steps t...
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- 2007-11-13 22:16:19 - Selling a house is easy
- The thought of selling a house strikes fear into most people. The contracts, the legalese, the exorbitant costs - they all conspire to make the experience unpleasant at best, and a nightmare at worst. It doesn't have to be that way, though.Let's take a look at three different scenarios for selling the same house. We'll assume an average house in an average town in America, whose market valu...
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- 2007-11-13 22:16:19 - Property investing - am i buying for profit or prestige?
- All of us have emotional preconceptions and assumptions. They are reinforced and fine tuned by our experiences of life, be they traumatic, disciplined or consistent. Our brains are designed so that the emotional patterning centers mature while we are still in utero, whereas our rational centers begin to mature at about 4 years old and finish maturing through adolescence to early adulthood. Non- ra...
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- 2007-11-13 22:16:19 - Making it affordable: nine tips for first time home buyers
- It seems that everyone loves a good real estate story. The media is filled with reports about soaring property values and home owners of modest means becoming instant millionaires when they sell. As a result, many first time home buyers, afraid of missing out, will rush into buying decisions and achieve less-than-spectacular results. As a first time buyer, your biggest challenge is to balance liva...
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- 2007-11-13 22:16:19 - What is tax-deferred exchange?
- Under Section 1031 of the Internal Revenue Code, owners of real estate held for investment or use in a trade or business can swap their property tax-free for "like-kind" real estate. Exchanges are made for people wanting to stay invested in real estate, increase their leverage and to avoid paying hefty taxes upon the sale of property.Like Kind- Apartments - Rental Houses - Re...
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- 2007-11-13 22:16:19 - Questions you always wanted to ask a master builder but never had the chance
- Building a house (or lots of them) seems to be an area of knowledge that is kept secret (insiders only), with clients kept in the dark and fed on expensive "cow dung."A while ago I asked my US readers of my e-book, "Residential Development Made Easy" for questions they would like to ask a Master Builder.I found a unique individual, Leonard Manion, who has been very generous with his ...
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- 2007-11-13 22:16:19 - Condo-hotels ? a new second-home alternative to time shares
- Condo-hotels have evolved as a better, more reliable second home alternative to time-shares. They are usually attractive, high-rise hotels on the ocean or in other prime locations, and range in price from the mid $200,000s to over 1 million, depending on the size, location, and amenities.Many of the biggest names in the hotel industry have condo-hotel buildings, including Hilton, Four Seaso...
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- 2007-11-13 22:16:19 - Property for sale in piemonte italy is attracting british interest
- The Region has four distinct seasons but in general possesses a Mediterranean feel strongly influenced by the proximity of the Mediterranean Sea. Winters are short and cold (the snow and mountains providing spectacular scenery for the region's ski resorts). Spring and autumn are long and warm while the summer is hot and dry.Piemonte is home to some of the world's most respected award winnin...
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- 2007-11-13 22:16:19 - How to make a home for sale flyer using marketing psychology
- Want to sell your home right away, for the highest profit to you? Discover how to improve on the Realtor's number two sales tool--right after the sign--your sales flyer.Most real estate agents use a sales flyer template which showcases their listings using out-of-date marketing strategies. For some reason, agents don't follow successful Internet marketing sales-copy techniques. They put a p...
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- 2007-11-13 22:16:19 - Whats this about a housing bubble?
- In his recent testimony, Alan Greenspan warned against the possiblity that we have seen home prices plateau. The bursting of the "bubble" could cause a big hit to the U.S. economy. But, why should we worry?Well, as we all know, house prices are up across the country...over 10% in the last year, including over 25% in some markets. Additionally, house prices have risen over 70% since 1994, mo...
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- 2007-11-13 22:16:19 - Cant rent a work zone
- So you've picked up your first (or third, or tenth) income property, and it's a real fixer-upper. You've got a great team of contractors, and you know what they need to do and how much time and money it's going to cost to make it happen. The renovations are going to put you in the red and you're going to need to get a tenant in there ASAP. So as soon as you have the plan worked out with the contra...
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- 2007-11-13 22:16:19 - How to get started in the real estate game fixing and flipping houses
- If you're looking to get started investing in real estate by fixing and flipping houses, you'll want to know what to type of property to buy. Many real estate investors make millions turning ugly houses into dollhouses. On the other hand, some inexperienced investors lose money buying houses that just don't turn a profit.Three Tips to Help You Find the Perfect Fixer1. Learn Your M...
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- 2007-11-13 22:16:19 - Why average sale price statistics are misleading
- One of the most common statistics used when gauging the strength of an area's real estate market is the average sale price of its homes, but looking into that figure more deeply reveals just how misleading it can be.When listing a home for sale, most realtors establish a price for the home based on market comps of the area - taking into account what other houses sold for and how the home th...
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- 2007-11-13 22:16:19 - We buy houses scams ? how to spot them and how to avoid them
- There are many reasons why a home owner would want to sell a house fast. Job change, relocation, debt problems, divorce and inheritance are just a few. Unfortunately, people in need also tend to attract predators who have no problem profiting from someone else's misfortune.If you're looking to sell a house fast, here are a few scams to be on the lookout for and how to avoid becoming a victi...
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- 2007-11-13 22:16:19 - How to find a real estate agent
- You may be of the opinion that you don't need a real estate agent and that using one will add to the cost of buying your new home.The fact is that a real estate agent's fees are typically paid by the seller of the home. So, as a buyer, you can get the services of a professional real estate agent without having to directly pay for it. Please confirm this in any paperwork or contracts that a ...
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- 2007-11-13 22:16:19 - Real estate investors - red alert
- How's the real estate marketing doing? Is the huge jump in home prices that is evident in some areas symptoms of a value bubble? Good questions, yes?Two things to keep in mind when surveying the market:1. All real estate is local, 2. Real estate is cyclical.Here in Arizona some residential areas have seen as much as a 30% jump in value in the last 8 to 12 months. The word abou...
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- 2007-11-13 22:16:19 - Real estate: the consumers will have the final word!
- "The first step toward change is awareness. The second step is acceptance". --Nathaniel BrandenChange is good for the consumer and for the real estate industry. It fuels competition and drives innovation and efficiency. Yet, the real estate industry has seen little change during the last 50 years. Indeed, other than marginally lower commissions as a result of the introduction of &...
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- 2007-11-13 22:16:19 - Commercial real estate industry - is the condo craze over, or just gaining steam
- Over the last two years there has been so much condo activity that many commercial real estate lenders are starting to express concern over the future stability of condo markets. Some lenders have recently found themselves over allocated in condominiums as a result of the recent activity and have therefore become wary of all but the best opportunities.While the best opportunities (typically...
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- 2007-11-13 22:16:19 - Getting ready to sell your property
- We all have had the experience of someone important coming to the house and whether the visitor is an in-law, an old friend, or business associate you know the drill: Have the house in "show" condition.For investors the situation is much the same: First impressions count!!!! Even though you may not be able to tell a book by its cover, you'll probably pay more for a book if the cover is invi...
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- 2007-11-13 22:16:19 - Investing in the baltic tiger: what has estonia got to offer?
- Estonia's reputation is growing within the property investment market. Rising far above her new European neighbours in terms of infrastructure and growth, Estonia is fast becoming the Baltic's very own 'Tiger' economy with a healthy growth rate of 5.5% in 2004. In fact, all the economic indicators are looking very positive with employment growing steadily last year in construction, transport and c...
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- 2007-11-13 22:16:19 - Buying a holiday home in rural ireland
- Ireland has recently witnessed an upsurge in the number of investors buying holiday homes in some of the country's most scenic areas. With stars like Jeremy Irons and Daniel Day-Lewis popping up in the quaint villages of West Cork, prices in many of these areas are at a premium. Kerry and West Cork, in particular, and the south coast in general, known as the Irish Riviera are attracting a steady f...
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- 2007-11-13 22:16:19 - The irish property market - expensive but worth it?
- Lying on the edge of Europe facing out to the Atlantic Ocean sits Ireland, one of Europe's smallest countries and often described as 'The Emerald Isle". A beautiful country characterised by vibrant, colourful cities and towns set amidst endless unspoilt green fields, Ireland is now officially the best place in the world to live. Combining increasing wealth with traditional values gives Irelan...
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- 2007-11-13 22:16:19 - How to buy fixers for profit
- Do you dream of becoming a multi-millionaire real estate investor? Here's how to get started: find a bargain "fixer-upper" owned by a worried seller. The hardest house for a homeowner to sell is a "doghouse," "dump," or "fixer-upper." These run-down houses turn off most home buyers, who don't have the money to cover the down payment, plus closing costs, new furniture, carpeting, appliances, roof r...
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- 2007-11-13 22:16:19 - How to increase your homes selling price by $3,306.75 in the next 33 days
- According to the Federal Housing Finance Board:... "As of October 2004, The U.S. national average purchase price for a single-family home reached $264,540." If your house is worth at least the U.S. average and you can add an additional 1.25% in value to your home's selling price, you'd pocket an extra $3,306.75. Minor changes can really add up.1) Know your market. If it's down, co...
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