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Archive for July, 2008

Most Common Mistakes Home Sellers Make

July 17th, 2008

photo credit: Eponabri

You have a property that you want to put up for sale. Maybe this is the home that you have lived in all of your life and you’re finally ready to sell it and move on. Or perhaps you’ve just recently gotten involved in the buying and selling of investment property and you’re working on selling one of the first homes that you purchased. In any case, you are starting to learn the tough lesson that it’s not that easy to sell a home, especially in today’s precarious real estate market. If you know what you’re doing, you can still a sell a property today for a fair price. However, there are a lot of mistakes out there that people make when trying to sell a home. If you make those mistakes, you’re going to find that the home doesn’t sell or that you aren’t satisfied with the transaction when it does. (more…)

Are you Renting to Felons

July 16th, 2008

photo credit: A i t h n e

Are you an individual who has rental property? If so you are being targeted by felons as someone to rent from. The word on the street for convicted felons is that renting from a rental agency or a huge complex is nearly impossible because these agencies do a thorough job of checking out prospective tenants, meaning they do credit and background checks for every single applicant. But individuals have a reputation for not being as thorough. (more…)

Hoarders and Clutterers in your Property

July 15th, 2008

photo credit: A Touch of Glass

Do you have a tenant that pays their rent on time but is just a huge slob? Is their messiness causing problems for other tenants or creating a nuisance on your property. In extreme situations hoarding and cluttering can get out of control. We’ve all seen the newscasts with homes full of junk and even garbage and no one wants that person for a tenant. But if you already have that tenant you may have a hard time getting rid of them. (more…)

Are you charging enough Rent?

July 14th, 2008

photo credit: ?Florian

Whether you’re new to the landlord game or an old pro, you may be wondering if you’re charging your tenants enough rent. If this rental unit is new to you then you should request a past rental history report. Although this will not guarantee your rent should stay at the same level it’s a good starting point. (more…)

How to Choose a Home Inspector

July 13th, 2008

photo credit: gsf747

It’s time to get the home inspection done for your property. You don’t have a home inspector that you regularly use so you’re in the position of needing to choose a home inspector. How do you go about doing this if it’s not something that you’ve done in the past? What rules should be followed in order to make sure that the home inspector that you choose is a good one? (more…)

Pros and Cons of Living in a Gated Community

July 12th, 2008

photo credit: Nuneatonolly

Throughout the nation, there are neighborhoods which are set back from the road and surrounded by gates that are guarded by security personnel who monitor the comings and goings of people on the grounds. These gated communities are highly appealing to some home buyers who like the exclusivity, privacy and security that they feel is afforded to them when living in one of these neighborhoods. However, others feel that the drawbacks of living in a gated community actually outweigh these perceived benefits. Whether or not to live in a gated community depends greatly on the things that you value in the neighborhood where you live. (more…)

Should You Buy A Project Home

July 11th, 2008

photo credit: thingermejig

After just one weekend watching cable TV most people feel they can fix just about everything and are ready to tackle that fixer-upper home. But is this a smart decision? (more…)

Buying a Home with a Significant Other

July 10th, 2008

photo credit: gezgin.bloggum.com

You’re already living together, so why not take that rent money and put it towards a mortgage payment. On the surface it seems like a very logical idea, you’ll be spending about the same and earning equity in the meantime. You’ll also have the freedom to decorate any way you want. And maybe that significant other is handy and you could even purchase a fixer-upper and flip it. (more…)

Hidden Expenses of Home Flips

July 9th, 2008

photo credit: ryanrumsey

Flipping homes became a huge concept a few years ago. For some the venture was incredibly lucrative, for others it was the road to bankruptcy, and for others yet, it was just a dream, something never acted on. (more…)

When to Sell or Rent Your Home

July 8th, 2008

photo credit: roarofthefour

You’re thinking about a move but don’t know whether to sell your current property or to rent it. It’s a difficult decision for some as the thought of added income every month may be tempting but the idea of having to deal with tenants may be daunting. (more…)