Normally I am writing about coming to PEI. Lets suppose that you are contemplating leaving while we are sorry to loose you here is an 8 step checklist to ensure that you leave with the cash! I am assuming that you have chosen a PEI real estate agent and your home is listed and on the market. Your agent will want to begin to show your PEI home. This will include showing buyers who want to see your home as well as a more casual viewer, the open...more
Real estate analysis groups are reporting that property values dropped in eighty percent of cities across the country during the third quarter this year, largely due to the influx of deeply discounted distressed sales that have hit the market, accounting for thirty percent of all homes sold in the period.Homes are selling, however, with sales during the quarter climbing higher than the previous quarter as well as the third quarter of 2008,...more
Real estate fluctuates in value depending on market conditions. It can rise in value and it can fall, depending on the market. In Las Vegas, the real estate market seemed charmed, post double digit gains for several years in a row. This prompted many investors to jump into the market, buying homes simply to flip them to another buyer after the home's value had gone up. This drove the market artificially as more inventory was produced to fill a rising demand. However, because the investors were seldom the end user of the property, it made it appear that more people were buying homes. Las Vegas did have an increase in real home buyers at the same time as more first time home buyers entered the market and as many people retired there from states where the home sales price was higher, selling their homes and being able to buy a bigger and better one, often brand new, in Nevada.A real estate appraiser needs to be aware of what a market is doing. If a market has a large percentage of REO, or real estate owned properties, it will bring down the value of the homes being sold. Real estate owned is another name for a bank foreclosure. When a homeowner, or an investor, falls behind on...more
When you buy a new home there are many things that can be stressful about the experience for you; the most stressful part of this endeavour for your cat, however, is moving from one familiar location to a new, unfamiliar one. Your old house is a comfortable and familiar territory for your feline friend while your new home will be a strange place...more
CreditJust like defaulting on the primary mortgage, if you fail to pay the second mortgage on your Miami luxury home, your credit will suffer. Once you start missing on your payment, your lender, regardless if the first or second, will typically report the delinquency to the three credit bureaus. This will automatically reflect on your credit...more
Negligent De-valuersAs a resident of a particular neighborhood in the city, its your duty to contribute to the wellbeing of the community by taking care of your Miami real estate property, especially your personal curb appeal. But in every neighborhood, there is always this one family who continuously or even intentionally forgets to mow their lawn, cut overgrown shrubs and take care of their exterior. Homes without proper outside maintenance can pull down the value of other properties around them. What you can do is to talk to the family and tactfully remind them of their lawn maintenance duties. You must show a level of savoir faire when it comes to dealing with these people since you are not aware of the reason for the neglect. Oftentimes, neglect on maintenance is caused by personal reasons, e.g., divorce, this is the best time for you and other neighbors to step in and help out. Dangerous NeighborsLike the aforementioned type of neighbor, there is also always someone in your Miami real estate neighborhood that is just not worth getting close with. You shouldnt mistake this, though, for with not worth getting to know. Dangerous neighbors are often those who tend to keep to...more
PiggybackOne of the most popular types of home equity loan is piggyback loan. This is particularly helpful if youre planning to buy a second Aventura real estate property but cannot come up with the complete 20 percent down payment usually required...more
Rehabbing houses gives great returns to those who practice it correctly. Millionaires who made a fortune from this business are living proofs that it indeed is profitable. Youve seen how it works on TV and you believe it really is the way to make...more
Rehabbing a home shouldnt be that expensive. In fact, there are many ways to transform an ugly fixer upper house into a work of art in just a few hundred dollars. If youre a rehabber of properties who want to save big bucks when fixing and flipping...more
If you are adept at doing handyman and Do-It-Yourself (DIY) jobs, then you would surely enjoy fixing and flipping properties for profit. In real estate, rehabbing basically refers to the process of renovating a fixer upper home before selling it at a...more
If you want to earn extra money, rehabbing a home for profit might work for you. Also known as fixing and flipping properties among real estate investors, rehabbing involves the process of buying and refurbishing an undervalued or distressed property...more
Contrary to popular belief, you dont need millions of dollars when rehabbing a home. You really dont need your own construction company to become a successful rehabber. With just a dose of creativity and ingenuity, you can turn an ugly house into a...more