The home appraisal. Over the last few years, it seems that home appraisals have come to be talked about even more so in this real estate market. With home values across the United States falling the past few years, it has become ever more present on the minds of future home buyers and current home […]
Foreclosure is the process of regaining a property from a borrower and returning it to the lender due to default of payment on the loan or some other type of hardship. This is generally due to an inability by the borrower to catch up on their payments or otherwise maintain their financial responsibilities. Foreclosure listings […]
The 1.5 percent cut in interest rates by the Bank of England has come after the news from Halifax Bank that property values have fallen a massive 15 percent in the last twelve months. Credit has abandoned the housing market, so many are hoping the lowest borrowing rates for 53 years will help residential prices […]
Most real estate markets are seeing 30% or more of their transactions being lender mediated through foreclosures or short sales.
The bargain hunters continue to move in to take advantage of the bottom barrel prices, low interest rates and cornucopia of foreclosures and short sales.
The property valuation is one of the most emotive and important elements of the property selling process. This can be even more emotive when the homeowner has lived in a properly for a number of years and they have built up a considerable emotional attachment. If an estate agent is asked what the hardest part […]
A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose is to help make your loan more affordable. Usually it is in the form of a rate reduction and conversion of an adjustable rate mortgage (ARM) to a fixed loan, typically a […]
Fancy some easy money? Fancy a way of making profit from property, even in this property slump of today? Fancy doing little other than contributing the original funds then sitting back and watching it all come in? With a world-wide recession threatening, this is not such an easy prospect but despite media scaremongering, it’s not […]
Learning about Real Estate also requires dispelling the many myths. When you train with a responsible and competent mentor or coach these myths and others will disappear. Here are a few common myths that will help you during your learning curve:
Real estate investing is for the wealthy
This is perhaps the biggest myth out […]
In my experience the roof is one thing most buyers and tenants with triple net leases have the most attention on and rightfully so. Proper maintenance and routine inspections are strongly advised.
The typical commercial and industrial roof is a flat roof. This means that is has less than 2 inch of slope or […]
If you need a quick property sale selling on the open market via an estate agent is often a painfully slow and frustrating experience. Property is one of the most illiquid assets. The average time to sell via an estate agent is 6 months from beginning to end. Of course, some sell very quickly […]
With so many different types of property for sale the buyer is often left confused and discombobulated by the options at their disposal. One of the major considerations is whether to buy an old or a new property. In the past buyers were usually divided by agents into two distinct types, those who would only […]
Many senior buyers and real estate agents have been waiting for HUD to issue the Mortgagee Letter which outlines the guidelines for the Home Equity Conversion Mortgage (HECM or Heck-um) reverse mortgage program for purchase transactions.
The Bill that Congress passed and was signed by President Bush on July 30, 2008, H. R. 3221, among […]
According to AXA, the global insurance specialists, the current state of the nation will see up to 500,000 Britons flee the UK in 2008, with a survey from HSBC revealing that Britain is now not even considered a good place to live by people from other countries.
So it seems that the UK is […]
A real estate consultant can help you in many ways. First and foremost, you can expect them to have some expertise in the local market. This is true of the myriad real estate brokers that are clawing at one another to sell you properties as well, though.
They’re all experts. What’s the difference between a […]
Home buying companies that offer the services of “We Buy Houses” or “Phoenix Home Buyers” have become a popular way for homeowners to quickly sell homes in this tough real estate market. Currently, there are over 50,000 homes for sale in the Phoenix area. Many of these homes being offered for sale […]
If you’ve decided to sell your home, you need to understand how to make your home sell with a listing contract. There are several different types of agreements that can be made between a real estate agent and the owner of a home. It’s important that you understand how these listing agreements work, how they […]
With the meltdown of the real estate market in Phoenix, AZ, many people are seeing signs that advertise Cash For Houses. Are these companies legit? And how does their process work? For many homeowners, the temptation of calling one of these companies is enormous. Home buying companies that offer this program […]
So you have decided to take over the marketing of your home yourself? Why not. No one knows your home better that you do. But, before you get started, heed the words of Horace mann “There is Nothing So Costly As Ignorance” This admonition could surely apply to those that fail to arm themselves […]
Is now the best time to buy in 20 years for Real Estate? Many industry experts are saying yes it is and that you still should be an informed buyer.
While the internet can provide you a tour of nearly all the homes on the market and certainly give you a sense of what is […]
Whether you’re a novice real estate investor or you’ve been at it for years, real estate investing is an endless series of challenges. First, you have to locate motivated sellers.
Then you have to buy it right, manage it even better, and still find a way to turn a profit. To top […]