Foreclosure homes offer an opportunity to buy a good property at lower prices. This is an investment option which attracts not only the first time buyers but also many real estate investors as they know that this is an economically viable investment option. Buying a property involves keeping many considerations in mind and a lot of planning. Real estate is becoming expensive day by day, and in such a situation, foreclosure homes proves to be a...more
It looks like the First Time Home Buyer Tax Credit may be sticking around a little longer than originally planned. There are still a few questions regarding amendments requested by the Senate Republicans, but if all can be smoothed over, the credit will be extended until April 30.Introduced last February as a means of kickstarting the sluggish housing market, over 1.2 million borrowers have claimed $8.5 billion out of the original $13.6 billion...more
When a home inspector gets sued, several things tend to happen. At first, the inspector is often dumbfounded; did he miss something on the inspection? Well, the Client apparently thinks so! But, what happens next?Well, if the inspector carries professional liability insurance, such as an Errors and Omissions policy, the inspector may need to immediately tender the complaint to his carrier. Depending on the coverage and terms of the policy, the inspector may be on his/her own at that point, or may relinquish all rights to their insurance company.Sometimes, if the carrier feels there is risk, or that the costs of defending the claim may be high, they will often offer a settlement. Sometimes that settlement comes from the inspectors deductible. In essence, the inspector loses, and never gets to tell his or her side of the story.Where the inspector has no E&O, they may try to contact the Client and see what the dispute is about. In some cases, the inspector may offer to take care of a problem, or may offer money to make things go away. Sometimes this works, but often the inspector retains an attorney, at an hourly rate. Bingo the legal bills start to pile up.But, what if there was...more
Theres an interesting question. While most disputes surrounding home inspections primarily deal with allegations of negligence on the inspectors part, what recourse actually exists for the defendant or plaintiff? Well, there are always the courts. Cheap you say? Maybe. Sure it only costs a couple of bucks to file the complaint, but what about costs...more
I exceed the Standard of Practice. Many inspectors make this statement all the time. Many put it in their brochures and on their website. But, what exactly do they mean? What measure can anyone apply, with any degree of certainty, to gauge what can be expected of an inspector who exceeds the standard of practice? I suppose it can mean that whatever...more
Doing everything yourselfThe internet has tremendously made it easy for every buyer to learn the usual tasks reserved only for real estate agents. This is one of the most common blunders homebuyers make when looking for homes for sale online. While there are certainly several tips and heaps upon heaps of helpful inside knowledge regarding real estate, these are mainly for pure research. The internet is not merely enough for you to complete your deal. This said; you still need an agent. Unless you are a seasoned real estate investor, you must use the information you get online as reference and help you learn the ropes, so to speak. Professional help is still important even if youre buying homes for sale through the internet.Limiting the choicesThe vast treasure of real estate deals on the internet can make anyone dizzy. This usually creates confusion with first-time homebuyers using the internet for their search. So instead of widening and collecting property candidates, they limit themselves to one or two real estate websites. There are several advantageous deals you can gather from the internet; and you can easily miss those if you limit your resources.Sticking to big...more
You are budget-savvyIt takes years of practice to become a good budgeter. Clearly defining your wants from your needs is greatly helpful in planning monthly expenses. If youre blessed with good money-management skills, you know youre on your way to...more
FinancesGet your finances ready. The first step in home-buying is to know just what kind of Fort Lauderdale real estate property you can afford at what price range. This is important in determining, in turn, how much you can borrow. If youre moving...more
During todays tough financial times investing in a home can be quite a challenging task, but with a large number of foreclosures for sale available in the market prospective home buyers can now find some good bargain deals. Foreclosures for sale...more
If you are thinking of purchasing your own house, considering investing in a foreclosed property would be the wisest option for you. With a large number of foreclosures being offered at highly affordable prices and in some of the best locations in...more
When it comes to investing in profitable real estate ventures, prospective home buyers can find some of the best value deals in foreclosed homes. In these tough financial times, a large number of properties are being foreclosed by banks and mortgage...more