A "seller's market" happens when there are more potential buyers than homes for sale. In a seller's market, people looking for a home may feel frustration and not easily find the home that they want. When they find a home for sale that they like, the seller of the home may receive multiple competitive offers at the same moment. The seller is in an excellent position when this happens. Sellers can pick from the purchase offers to choose the one they like the most. Even if an offer is the same as … [Read more...]
The Risks And The Rewards Of Buying Homes In An ‘As-Is’ Condition
When considering buying a home in an "as-is" condition, the buyer takes all the risk of anything needed to bring the property back up to current building codes and make it ready for occupation or re-sale. There can be bargains in as-is properties if you know how to hunt for one. How To Find As-Is Bargain Properties To find these properties, look for those that sell at auction for tax liens or other reasons for governmental asset-seizure. The might be distressed as-is properties that … [Read more...]
How Much Money To Budget For Home Maintenance
Owning a home comes with a lot of responsibilities. One of these involves home maintenance. Sometimes, people are surprised by the size and frequency of home maintenance costs. In order to reduce the stress that comes with home maintenance, it is important to plan ahead of time. This means budgeting for the inevitable costs that come with home maintenance. There are a few systems that people can use to estimate their home maintenance costs. The Percentage System One of the most common systems … [Read more...]
5 Essential Books To Read Before Starting In Real Estate
It is important for everyone to put money in a position to make money in order to make financial dreams come true. One of the common targets that people circle is real estate investing. Before jumping into the world of real estate investing, it is important for everyone to be prepared. This starts by reading a few fantastic books that can help people learn more about the environment associated with investing in real estate. The Book On Investing In Real Estate One of the first books that people … [Read more...]
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