Should Opt for a Foreclosure If You are Looking for a Home?

If you are in the market to purchase a home, it may be a good idea to check out foreclosures as well. While a foreclosure usually offers price advantage, these may not be the right choice for every prospective home buyer. Hence, it is important to weigh the pros and cons before you take the decision.

buying a foreclosed home

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Types of Foreclosures

Before you start pondering about purchasing a foreclosure, it is important you understand there are different types of foreclosures. The kind of foreclosure you choose should be based on this knowledge, as it could affect your bargaining power. Continue reading

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Things you need to know about real estate short sales

We often come across signs put up on some properties announcing a ‘short sale’, and it makes us go drooling, brewing up a picture of gains and profits we could make out of the deal. However, the world of real estate short sales isn’t as sweet and simple as we imagine it to be, and if we don’t tread carefully, we could end up getting cheated, or maybe paying more or doing something that could have been done a lot better had we treaded more carefully and made a more informed decision. Here we list some eye openers for you, so the next time you see the ‘Short Sale’ signboard, you know exactly what you are getting into and what to do. And if you yourself have to put up that signboard, you know how to get the best deal the best way.

Short Sale

There is nothing short about a short sale

A short sale means the property is being sold short of its actual price, so the owner incurs a loss in order to be able to clear the dues he has on the property. It doesn’t mean that the sale will be only for a short time, or there is a special price for a short time. Continue reading

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Planning to Buy Modular Home? Consider These Pros and Cons First

A lot of research and innovation has made modular homes much advanced in technology and design than they were earlier on. Today, these cannot be easily side-lined as a low-cost, low-quality option. However, still many people do not perceive them to be as good as the traditional “stick-built” home. So before you go gaga over modular homes or completely write them off as an option please ponder over these merits as well as demerits of modular homes.

Modular Homes


Here’s what makes modular homes so very irresistible to buyers. Continue reading

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What to Consider When Searching for Profitable Rental Property

Buying a rental property could be more challenging than a buying a home for yourself as here you not just want a lovely accommodation but also profits! Your chosen property should attract long term tenants and must command rent that helps you pay for the taxes, maintenance, mortgage and still make some profit. Searching smartly is the key to find a profitable rental property and here we offer some tips to help you make a wise investment decision.

 Profitable Rental Property Search

Search, Search and Search

Believe in the fact that there are always nice locations and properties that are really worth the investment so do not give up till you have found a property that meets your criterion. Hiring property consultants is good but do not rely entirely on them. Do search on your own so you know the property market well. Do not succumb to the pressure of your property consultant or get carried away with their glib talks as they are always in a hurry to get the deal fixed. Use your own judgement when making a decision. Continue reading

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How to Make Prospective Buyers Fall in Love with Your Property at the First Sight

Whether it is about love or buying property, first look definitely plays a crucial look. So if you are intending to sell your property, merely placing a ‘For Sale’ board is not going to get you the attention you crave for. You ought to make your property drool worthy not just to make it attractive but also to make it so charming that the buyers also feel compelled to pay your asking price! Well, here are some time tested tips to make your property so much more compelling for the buyers.

Home Selling

As the first look matters most, the exteriors have to be the most charming

Take a deep look at the facade and the front garden of your property. Don’t view it from the eyes of the owner, chances are you might find it flawless. Instead, look at it critically from the buyers perspective. Take a note of things that warrant changes and repair. Is the paint peeling off, how the fence look, your front gate and door and how is the garden kept? Do your best to ensure your property casts a fantastic impression at the first look. Mow the lawn, trim the shrubs, get new pots, get the walls painted or get a new door installed; invest wisely but not extravagantly to make your property look elegant and attractive. Continue reading

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Is Having a Partner When Investing in Real Estate Worthwhile?

Real estate has always been attractive to investor. However, there are many who would like to invest in real estate who either lack knowledge or don’t have sufficient funds. If you are one such individual, you should seriously consider forming a partnership. In fact, if you have sound knowledge about the local real estate market, getting into a partnership with someone who can fund you will help establish a win-win relationship.

Investing in Real Estate with Partner

What to Look for in a Partner?

Many people have got themselves burned by choosing the wrong partner. Don’t get taken in by a person just because he has the means to fund your investment. You should do your due diligence. The things you should be certain about are the following: Continue reading

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Renovations That Can Lower the Real Estate Value of Your House

Making renovations is one of the most fun and satisfying experience for home owners. Notwithstanding the steep cost of improvements, home owners enjoy going for renovations as it helps to make their dwelling more interesting and comfortable for their family. However, home owners planning to sell their home in near future should keep in mind that the renovations should also be appreciable for prospective buyers as only then they would be able to get better value for their property. Renovations that suit you but make the property less appealing for the buyers will not help you recover the cost of renovations.

House Renovation Mistakes

Discussed below are some home improvement mistakes that are better avoided if you intend to raise your property’s worth. Continue reading

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Top 5 Reasons – Why Do Real Estate Investors Fail

Regardless of what endeavour you undertake, you always want to succeed. However, the harsh reality is people do fail in spite of the hard work they put in. Some of the reasons for failure are negligence, silly mistakes and being complacent.

Failure is quite common to real estate investors and sometimes it can be so severe that these investors can get bankrupt. But why do real estate investors fail? What are the mistakes that they make? Here are the five major reasons:

Real Estate Investors

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1. Too Many Risks

It all starts with risks which is inherent in investment. But when the risk gets so high that you have to pull out equity or refinance other properties, it means you are heading to bankruptcy. Continue reading

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Tips to Strategize Right Price for Your Property

Selling a home is unlike selling any other asset that you’ve ever put on market for re-sale. It involves huge emotions and costs at the same time. Yet, one needs to be prudent in pricing the property as it is the biggest factor that closes a deal. An undervalued property raises suspicions and an overpriced property becomes unaffordable, so you need to give much attention to appropriateness of the pricing. Here we list simple rules that need to be followed like commandments in order to prohibit oneself from making mistakes.

pricing a home

Do Your Homework

Putting the price tag and listing on the market in a hurry should be the last thing on the mind of a smart seller, so as to ensure that the property does not sit on the shelf for too long a time to be picked up. Get all your landscaping, up-gradations, research work, etc. done prior to listing the property on the market, as an unsold property that sits around for a long time arouses suspicions and loss of interest in the mind of the prospective buyer. Get a licensed inspector to evaluate your home systems; plumbing, heating, etc. to ensure they do not add to unforeseen costs once your house is listed and has footfalls. Continue reading

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What You Really Need To Know About Real Estate Investment

One of the biggest issues plaguing the economy these days is real estate investment. It is strange indeed but in spite of the great housing crash in America some time ago, people are still inclined to believe their homes are safe long-term investment solutions. It is even considered the best long-term investment.

Over long periods of time, housing prices begin waning. This is a fact and history is proof of it. The popular notion shared by people is that the value of their home will eventually outweigh the cost of inflation. This is not necessarily so. The idea that home prices will increase was perpetuated by the housing bubble of the 2000s.

Most Americans believed that owning a house was essential to fulfillment of the “Great American Dream”. Initially the interest rates were affordable and this was adequate reason to convince people that owning a home was the right thing to do. It didn’t happen overnight for sure. Sub prime mortgages (those mortgages given out to people who had below par credit rating) were being handed out left, right and center and accounted for 20% of the market share. Many late payments, defaults, and bank crashes later; well we all know what that led to. It left the whole world reeling.

This is the down low on the state of real estate investment today and why we ought to learn from history.

Expectations Vs Realities

Expectations Vs Realities

Home for sale

A home is the largest investment for most people. Inflated expectations of this ‘largest investment’ say experts, lead down the path to financial disappointment. Sadly what consumers are blind to is that their home value is lesser than the mortgages owed. When the value of the home depreciates, funds from the sale of a home cannot even pay for their retirement anymore. Continue reading

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