There are lot of things first-time homebuyers need to know before embarking in the real estate voyage and sailing through a sea of properties. Aside from mortgage and the buying process itself, another important part of buying a property, like an Aventura real estate property for instance, is closing. This is the time when both parties sign the documents and finish the deal. But before that could happen, make sure you are equipped with the right...more
If youve been waiting for years to afford a Fort Lauderdale real estate home, now you can through the first-time homebuyer credit. You might have heard of this as the stimulus package introduced in February 2009. This act gives up to $8,000 credit to first-time homebuyers like you. But you have to act fast because buyers are required to close before April 30, 2010 in order to obtain the full credit. And if you're aching for the place to find...more
Buying a home is huge step and a crucial decision to make for a couple. However, everything will be all right if you are on the right track. Listed below are some of the few simple tips to follow to save on your first home.A five percent savings on your deposit account will help a lot with your first application and will reduce your interest amount as long you get your deposit in tack.Knowing if one is eligible for the First Home Owner Grant or FHOG will be of big help as the government of Australia is giving way $7,000 grant to help those first homeowners get going. However, one could finally claim that, he or she must quality with the set categories first, which are the first homeowners should know. * He or she must be an Australian citizen or a permanent resident. * The property bought should be a home unit or flat specially designed for people to live in. * Must have not claim the grant yet. * The owners should occupy the home within 12 months of purchase, completions, or settlement. * The application for the FHOG must be made within 12 months of settlement or completion.Every state in Australia has different additional qualification like age limit and length of...more
The recent influx of a large number of foreclosed homes in the real estate market has presented home buyers and investors with the unique opportunity of purchasing a house at highly reduced rates and now with Miami foreclosures offering a wide range of properties in some of the most sought after residential areas in the country there has never been...more
Investing in condo foreclosures can be a very cost effective way of owning a comfortable house. Condominiums are composed of a group of residential buildings in which the facilities are commonly shared such as pools, play ground and park while the residential apartments are individually owned. This residential option available in a condominium is...more
Foreclosure process is a procedure which starts when a home owner is unable to pay the loan amount unpaid to the lender or is unable to pay taxes outstanding to the government departments. In both cases the Lender or Government issues a Lis pendens which is a notice for the start of the pre-foreclosure process. Home Owner is given a certain time after the lis pendens is issued to either sell the home themselves through short sales or settle the due amount. After the notice period the foreclosure process starts and the property is put up for auction by the Banks or Government Departments.Benefits of Buying Foreclosure HomesThere are several benefits of buying foreclosure homes like1.Cash benefit - The property is available at 30 to 50% discount as the Lender wants to recover their loan amount and they do not have any profit making motive.2.No Legal Hassles - There are no legal hassles when buying a foreclosure home through banks or government departments as all the legal formality has already been taken care of these institutions in a professional way.3.Furnished House - Sometimes you may get a fully furnished house and you save a lot of time otherwise involved in furnishing of the...more
Just recently the U.S. House of Representatives decided to pass a new bill that will grant an extension and expansion of the Federal Tax Credit for First-time Home Buyers. This extended tax credit will be good through April 30th, 2010 that now also...more
Due to the current recession, many people are facing great difficulty in buying houses that truly are affordable for them. Government grants for first time home buyers could be the solution. You too can purchase the home you always wanted with the...more
Fixing and flipping houses, no doubt, is a good source of additional income. Especially today when the economy is still reeling from the recession, it literally pays to have extra money. Its attracted the spotlight that even online education about...more
Nowadays, more and more people are encouraged to venture into the real estate business. This business can be very lucrative especially if you have gotten yourself familiar with the basic dos and donts prior to even starting anything. REIwired is your...more
Many people are venturing into the real estate today. REIWired.com is the perfect site to browse on if you want to find out about how to get into the rehabbing houses. In this article, REIwired.com shares with a few tried-and-tested tips on how one...more
Wholesaling houses is considered the perfect entry job when it comes to real estate investing. Its less complicated to do compare to other forms of investing. However, just as in any business, a small error can swell into something huge. So before...more