Archive for June, 2008

Trends Caused by the Decline in Housing Prices

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Sign Of The Times - Foreclosure
Creative Commons License photo credit: respres

The housing economy has been on the decline for a couple of years now and it shows no sign of letting up in the near future. This has caused people to start embarking on some trends that are likely to continue in the months to come. As a professional in the real estate industry, it is important to stay aware of these trends in order to adjust your approach to your properties accordingly. (more…)

Why Your Home Won’t Sell

backgarden1.jpeg
Creative Commons License photo credit: salimfadhley

Why wont my home sell. This is a question that, unfortunately, many hopeful sellers are asking themselves right now. This is unfortunate, mainly, because the market is so bad right now that they problem may be nothing that can be corrected and only time will make the sale. But there are some things you can check to see if this is the problem with your home. (more…)

When to Refinance

Crest of the Hill
Creative Commons License photo credit: ryanrumsey

To refinance or not to refinance, that is the question. If you have a fixed rate mortgage then it’s easy to tell if the current purchase rates are better than they where when you locked in to your loan. If you have an adjustable rate mortgage or ARM, then you’re rate is changing and probably on the rise, but it’s a good idea to check with a financial planner to see what their take on the future trends is. (more…)

Tips for Negotiating a Lease - Buyer

Sky High Apartments.
Creative Commons License photo credit: matrianklw

Whenever you negotiate a lease for anything, you are engaging in a battle between people who have two opposing desires. Ultimately, you aim to reach a compromise between those desires which satisfies both parties. Of course, you would prefer to get everything that you want from the deal but that’s not what a negotiation is all about. Nevertheless, there are certain things that you can do to weigh the odds more heavily in your favor so that the outcome is closer to your original desires than to those of the person with whom you are negotiating. (more…)

Five Tips to Being a Great Landlord

Break-In Detail #1
Creative Commons License photo credit: timsamoff

Want to be a great landlord but don’t know where to start? The following five tips will get you up and running and keep you in your tenant’s good graces. They’ll also help you increase your income and get the most out of your property. (more…)

FEMA Denies Help for Vacation Homes

jersey shore
Creative Commons License photo credit: Lauren Murphy

Something to consider, FEMA will not help you restore your vacation property. With the great floods that have devastated the Midwest, many Wisconsin homeowners were distraught when they discovered that FEMA would not help them replace or recover any of the costs associated with their resort homes. (more…)

Real Estate Boom in Vietnam

Hanoi-people-transporting-white-goods
Creative Commons License photo credit: bernardoh

The real estate bubble is rumored to have popped in the United States, but maybe it has actually bounced over to Vietnam. Hanoi is currently experiencing a revival like the region has never seen before. Retail space value is rising, the skyline is also on the rise and urban sprawl has spread into the former rice fields. (more…)

Tips for Negotiating a Lease - Seller

IMG_0102
Creative Commons License photo credit: Sweet One

When negotiating a property lease, the seller typically has the upper hand. This is true for a number of different reasons that hold true despite changes in the market that sometimes favor the buyer. However, only a seller with good negotiating skills is going to be able to make the most of this upper hand in order to come out of the negotiation with a lease agreement that is favorable to the seller. This is particularly true during a buyer’s market but is even true in a seller’s market. The art of negotiation is something that can’t be learned too well or too soon if you’re in the market to be selling anything at all. (more…)

Tips on Finding Your Home Type

Townhouse
Creative Commons License photo credit: unforth

You’re ready to buy a home. You’ve taken all of the steps that you need to take in order to save up money and qualify for a home mortgage loan. But now you’re in the tough position of trying to figure out what type of home you might want. Are you the kind of person that would love to live in a new suburban development? Does the idea of living in a downtown condo make your heart pitter patter? Are you the type of person who could really make a life in a large historic home? Or do you want to look into cutting-edge green real estate with a sustainable design? There are different types of homes out there that will be within your price range and you need to know what type you’re looking for if you want to select the home that’s right for you. (more…)

Should You Have Renter’s Insurance

the PowerCD's current home
Creative Commons License photo credit: blakespot

If you’re renting a home and you don’t have renter’s insurance then you’ll want to pick up the phone right now and make a call to your local insurance agent. Renter’s insurance is an incredible bargain and can save you thousands of dollars and is actually pretty cheap. (more…)