Wholesaling houses is simply acquiring a contract on a piece of real estate and then you sell or assign that contract to another investor who then closes on the transaction.In this case, a wholesaler is not actually buying the house itself. He or she just gets the contract and presents it to a buyer who would buy the house. Basically, a wholesaler acts as a middleman between the owner of the house and the buyer. And along the course, he or she...more
One of the best and contemporary military reservations in America is fort Lewis. This military reservation is named following the Meriwether Lewis from bordered Lewis and Clark team. More than 87,000 acres of the Prairie ground is covered by the Fort Lewis and in the north western part this is the major military system. During the year 1917 Ft. Lewis actually started as camp Lewis, whereas section of Pierce County were in fact chosen by eight...more
Home buyers rejoice! Good news has come for the housing market! On November 5, 2009, The Worker, Homeownership, and Business Assistance Act of 2009 extended the tax credit available to first time home buyers, in addition to adding in a new credit for existing homeowners.What does this mean for home buyers? It means an excellent opportunity take advantage of a limited time offer! Here is a quick breakdown of who qualifies for each credit and what the rules are.First Time Home BuyersFor first time home buyers, i.e. buyers who have not owned a principal residence during the prior 3 years, the credit of 10% of the purchase price up to a maximum of $8000 has been extended and now allows these buyers to take advantage of the credit through April 30, 2010. An extra bonus is that those buyers with binding contracts as of the April 30 deadline will have until June 30, 2010 to actually close.The income limits have also been raised with the extension. For single buyers, the annual income limit is $125,000. For married buyers who file joint returns, the limit is now $225,000. Keep in mind, for married taxpayers the law tests the homeownership history of both the home buyer and his/her...more
Buying a land or a home is always considered to be an investment, because the value of the property keeps increasing day by day. Some people prefer to buy vacant lands, so that they could construct their houses according to their choice. Today, the real estate industry provides various options and one among them is townhome.A townhome is defined as...more
You would have been unhappy of paying of rents, when you made it certain to buy a house. You will possibly search for an appropriate home and observe that you are capable for a mortgage. Even though you purchased the house of your preference, you are no more capable to deal with the mortgage repayments. The mortgage lender is all the time...more
"When you've decided you want to sell your Long Island house the main decision you have to make is whether or not you want to use a Real Estate Broker to help you sell. If you elect to use a Broker, the Broker does the work for you and you are essentially done. Refer to the section below that explains the broker's fees. If you elect to do it yourself, refer to my check list below to help you through the process.Only Step: Decide if you want a Real Estate Broker.Note: If you hire a broker you will incur the broker fee. If you don't hire a broker you run the risk of a less efficient sale process.A. If you Elect to Use a Real Estate BrokerIf you elect to use a Real Estate Broker you will gain the benefit of having someone do strong advertisement for the sale of your home with no additional cost to you. In addition, you will gain the benefit of the Broker's knowledge of the real estate market and will sell your house at a competitive price.The Broker FeeThe Real Estate Broker is paid on commission; which means they are paid percentage of the proceeds from the sale of your home. The types of commission are as follows: ""open listing"" is one that authorizes the...more
Ones first responsibility for a settled life is a home. You need to know all the requirements involved in buying a house to make the right decision, as it is a one time investment of life.Factors that can influence your decision are given below:You...more
Most likely, if you're reading this, you think about a chief inspector. You may have even seen ads that you can make hundreds of dollars a day as a home inspector. Home inspection schools put many of these ads. They paint a rosy picture about...more
Buying a home is something most people dream of being able to do at some point in their life. All you have to do is save enough money for a down payment and you're in. Right? Maybe not. If your credit rating is not up to snuff, the road to your...more
Buying houses and property free and clear is like putting cash in your pocket and money in the bank. Why? Its simple. A free and clear property doesnt have a mortgage so you dont have to come up with the money month after month to pay for the...more
FoundationThe Miami Beach luxury home may look exquisite outside but what you must know are the secrets that lie within its walls, literally. Cracks in the floors, walls and foundation may not cause alarm if relatively small but larger ones must...more
Do your research firstEven if you fall in love at first sight with the Miami real estate property, make sure that youve done your part in due diligence. Research is a crucial step in home-buying; its importance cannot be stressed enough for every...more