Real estate articles
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- 2007-11-13 22:16:19 - Protective covenants ? buying a home
- In addition to zoning, some properties have covenants recorded at the courthouse that "run with the land." These "protective covenants" can put a serious pinch in your plans for a piece of property.Protective CovenantsA protective covenant remains in effect as the property is sold from owner to owner. The covenants are designed to maintain a certain aspect of the ...
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- 2007-11-13 22:16:19 - Buying a home ? zoning and architectural review board restrictions
- When you buy a home, you need to be aware of the various things that can limit your control over the property. This is as true for finished lots and single family homes as it is for townhouses, condos, and apartments. It's a good idea to understand these limitations before you buy, so that you can decide whether you're willing to live with them or not. After you buy, it's too late; you're stuck....
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- 2007-11-13 22:16:19 - Will a 1031 property exchange solve your problems?
- If your problem is listed below, a 1031 exchange may or may not be your solution.1. Are you a landlord that doesn't want to manage property anymore?2. Do you want to sell your investment property, but don't want to pay huge amounts of Capital Gains Tax?3. Is your current income property not producing enough income?4. Do you have a low adjusted basis and not much debt on...
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- 2007-11-13 22:16:19 - Appraisal or home inspection?
- People sometimes confuse a home inspection and an appraisal when they are in the process of buying a home.Most mortgage applications involve an appraisal, which can be a physical inspection of the property plus a written analysis of similar homes that have recently sold in the area. An appraisal can also be what is known as a "valuation" and can be the result of pulling data from a database...
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- 2007-11-13 22:16:19 - San antonio texas real estate
- The San Antonio, Texas real estate market is still going strong even after several years of growth.San Antonio ranks as one of the most affordable cities in the nation to purchase a new home. According to the San Antonio Express-News, "While prices start in the low $60,000s and go into the millions, almost half of all new or pre-owned sales are in the $90,000-$150,000 range. The Texas Real ...
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- 2007-11-13 22:16:19 - Home selection checklist - a good aid when choosing a home
- This home selection checklist is a tool to help you select a home that is right for you and your family. Before you select a home and get a mortgage, you need to know if you will be happy with the home you select for the coming years. Home selection is a major step in your life and using a checklist to select smartly will help you think of all the things you need to realize about a home before you...
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- 2007-11-13 22:16:19 - Housing froth creating imbalance for consumers and investors
- Home buyers and sellers should think twice before jumping into over-heated real estate markets. Fed chief Alan Greenspan feels the housing boom is economically imbalanced or uneven. New liquidity in real estate assets could disappear if interest rates raise on feelings from investors that risk levels are growing in the real estate sector.Real estate agents I've spoken with from several fast...
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- 2007-11-13 22:16:19 - Ten big mistakes that will lose that property sale
- If you are serious about selling your home, you probably go to a huge amount of effort when you show potential buyers around your property. You clean the bathroom until it sparkles; vacuum the carpet; brew coffee or bake bread; maybe you even banish the kids to their grandparents, but did you make one of these Ten Big Mistakes that can lose the sale ? but are so easy to avoid.1) You forgot ...
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- 2007-11-13 22:16:19 - The value of building home equity
- There are numerous advantages to owning a home. One of the serious advantages is the equity that is built over time. As equity builds, you create a pool of money to access in trying times.Home EquityEquity is simply the value of a property after all debts have been deducted. If your home appraises at $500,000 with a home loan of $250,000, you have $250,000 in equity. Whether you real...
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- 2007-11-13 22:16:19 - Wealth building ? an advantage of home ownership
- As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. Wealth building over time is one of the advantages of home ownership.Building EquityOwning a home can help you build wealth in two ways. First, you build equity by paying down your mortgage. A certain percentage of each mortgage payme...
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- 2007-11-13 22:16:19 - How to create a house buying wish list for your dream home
- Buying a house is one of the most exciting things you will ever do. But there are LOTS of little details involved ? details which can be very costly if they are overlooked.Unfortunately, I made all 10 of these mistakes when buying my first house. Even though I thought I was very prepared. But with so much going on, I still missed them...and cost myself THOUSANDS of dollars!Which is w...
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- 2007-11-13 22:16:19 - Real estate inspection - do your own
- Why should you do your own real estate inspection? To get a better deal. It isn't necessary to learn building codes, and you probably should use a professional inspector in any case. The point of learning what to look for is to have negotiating points.Home Inspection ChecklistWith a good inspection checklist, you won't forget things. There are more than a hundred items on my o...
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- 2007-11-13 22:16:19 - Dont buy ugly houses!
- Ugly houses can be great investments, but we don't buy them. We understand that there are lots of valid ways to make money investing in real estate. Buying and rehabbing ugly houses is certainly a good one, but we've chosen a different strategy. Our strategy is to buy good homes that are ready, or nearly ready, to move in. It has worked well and generated consistent profit deal after deal.C...
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- 2007-11-13 22:16:19 - Home buying checklist ? windows
- If you are in the market to purchase a home, it can be easy to fall in love at first sight. Do so at your own risk. While the overall appearance of a home is important, the quality is in the details. In this article, I provide a checklist of window issues you should consider when viewing a home.WindowsIf you are considering buying a home, you should have a checklist of things to revi...
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- 2007-11-13 22:16:19 - Good faith deposit ? real estate transactions
- In a real estate transaction, a touchy issue is how much trust the seller has in a buyer. The existence of a good faith deposit helps put a seller at rest.Good Faith DepositIf you are selling your home, condominium or other real estate, you should always require a buyer to make a good faith deposit. The good faith deposit simply establishes that the buyer is serious and, to some exte...
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- 2007-11-13 22:16:19 - Real estate appraisal - rental properties
- Real estate appraisal for rental properties isn't the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. Therefore, a market analysis using comparable sales isn't normally used.It is also not ideal to use replacement costs either. How do you figure replacement cost if there is no land for sal...
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- 2007-11-13 22:16:19 - 4 simple tests to find good real estate investment properties
- You're driving along the road when you spot it. There in the middle of a shaggy lawn sits a disheveled property. It may need a good coat of paint, or a shutter straightened out, but it's easy to see that with a little work it could be a little gem of a property. Best of all, sprouting in the middle of the unkempt grass is a For Sale by Owner sign. It looks like the perfect fixer-upper, but how do ...
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- 2007-11-13 22:16:19 - Do you have the correct home buyer mindset to be buying a home?
- By learning what you need to know and preparing how to purchase a home ahead of time, you will be less likely to become so enamored with a particular property that you fall into the traps and the pitfalls that are so often the result of IDM, or Irrational Decision Making.Do not allow your emotions to come before sound and rational reasoning when making the decision to purchase a home....
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- 2007-11-13 22:16:19 - Understanding title insurance
- Title to a property is a record detailing the owners of the property and rights associated with the ownership. Title typically shows a progression of ownership from the first owner to the current one. Title is a fairly simple concept, but when it goes wrong it is a nightmare. That is where title insurance comes in.Title InsuranceTitle insurance guarantees that the title on a property...
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- 2007-11-13 22:16:19 - Closing costs when buying a home
- Closing costs are often the last thing a person thinks of when buying a home. While closing is the joyous moment the home becomes yours, the costs can be surprisingly aggravating.When you purchase a home, condo or other property, you will go through a period known as escrow. During escrow, various issues related to the property transfer are worked out. The last day of escrow is known as the...
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- 2007-11-13 22:16:19 - How to use the internet to help your apartment or house hunting
- So you are looking for an apartment to rent or a house to purchase. One of the most important steps is researching the neighborhood to decide if you really like to live in that area. The best way to do this is driving around that area to see if you really like that neighborhood. You should pay attention to traffic, available stores, available transportation, noise level etc. Also, you should try v...
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- 2007-11-13 22:16:19 - Real estate appraisal - do it yourself
- For single family homes, there are two basic methods used in real estate appraisal. They are replacement cost analysis, and using comparable sales. A third appraisal method, based on capitalization, is used for income properties, and is covered in another article.In figuring replacement cost the question is: What would it cost to buy this land and put this house on it? If the land (improved...
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- 2007-11-13 22:16:19 - Buying a home ? rain, sun, and weather issues
- When buying a home, it can be easy to overlook year-around weather issues. You may think you are purchasing a home in a sunny area, but come to find there is always a heavy cloud cover. This is just one of a number of weather issues to consider when selecting your dream home.Clouds?Rain?FloodsIf you must have a sun deck as part of your new home, you better make sure it is going to be...
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- 2007-11-13 22:16:19 - Buying a home ? what is that noise!?!
- You've found the perfect home, closed escrow and just finished moving in. As you happily fall asleep, all seems well in the world. An hour later, you bolt up in bed to an ear splitting sound. All is no longer well in the world.An Unholy RacketIf you saw the movie "My Cousin Vinny", you know what I'm talking about. For those that haven't, the movie centers on a lawyer, Vinny...
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- 2007-11-13 22:16:19 - Home buying ? school district issues
- A good school district is a key factor in home buying if you have kids. It can also be a positive selling point when it comes time to sell your home.School DistrictsWhen considering the quality of school districts, keep in mind that everyone is looking for "good ones." The question, of course, is what does "good" exactly mean? To a buyer with children, it means th...
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- 2007-11-13 22:16:19 - Renting versus buying a home
- Renters are often in a quandary as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view. Yes, even in the current hot real estate market.Renting ? AdvantagesRenting can have a few advantages depending on the part of the country you live in. The primary advantage is your monthly rent payment may be less ...
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- 2007-11-13 22:16:19 - Real estate investing in mexico
- Mexico is CHEAP! But its getting more expensive. As property values rise, especially in resort areas, investors wonder how they can profit from this.Compared to major US cities, Mexico is still very very cheap. But compared to 5, 10, or more years ago, values have really risen.There are some particulars to pay attention to with Mexican property purchases. For instance, Mexico forbids...
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- 2007-11-13 22:16:19 - Real estate research by talking
- Real estate research might start with a look at the U.S. Census information about a town. It can include inspections of specific properties, too. There are many statical tools and information that can help, but don't forget one of the easiest and most useful research tools: talking. Let me explain with a true story.My wife and I were on vacation, and stopped in Farmington, New Mexico for a ...
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- 2007-11-13 22:16:19 - Purchase online tenancy agreements
- Buy an on-line Tenancy Agreement now. As a landlord and also as a tenant it is important that there is a comprehensive tenancy agreement in place to protect both parties. Don't be tempted with purchasing off the shelf do it yourself tenancy agreements. It is worth investing in a professionally prepared tenancy agreement by a qualified solicitor.Tenancy agreementsTenancy agreements ar...
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- 2007-11-13 22:16:19 - Real estate investing in belize
- Any trip to Belize starts fantasies of owning a beach villa, or a jungle resort. There are a lot of North Americans in this English speaking, former English colony.Belize is known for its reef, the second largest in the world, and the fantastic diving that goes with it. Even beginner divers have heard of the Blue Hole, a famous diving spot. Ambergris Caye, "La Isla Bonita" in Madonna's song...
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