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…)
Posts Tagged ‘Money & Finances’
Hidden Expenses of Home Flips
Tips on How to make Your Home Standout
photo credit: OK-59
You have listed a home for sale and it’s not moving. It could just be due to the slow market but that doesn’t mean that you have to sit back and wait for the market to speed up again before you can sell your home. There are things that you can do to improve your listing so that people will want to come take a look at the property that you have for sale. There are also things that you can do to the property to make it stand out from the crowd. By making the effort to do these things, you’ll be able to speed up the sale and generate some revenue from your real estate despite the fact that the housing market isn’t moving as quickly as most people would like. (more…)
Why Your Home Won’t Sell
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…)
Avoiding Buyer’s Regret When Buying A Home
photo credit: superfem
Buying a home is a really exciting experience. You’re realizing the American Dream. You’re choosing a place where you can make a life for yourself. You’re investing in something that could be good for your future. Unfortunately, a number of people go through this exciting experience only to end up disappointed with the choice that they have made in their home. They feel that they’ve paid more than they should, live in a neighborhood they don’t really like or picked a home design that doesn’t suit the needs of the family. Buyer’s regret is always a sad thing but it’s particularly sad when what you’re regretting is the purchase of something that’s so important in your life. (more…)
How to Qualify for a Mortgage
photo credit: Jofus | JoeTheDough
Qualifying to receive a home mortgage loan has never been a particularly easy thing and it’s an experience which has only gotten more difficult in recent years. With the sub-prime mortgage bust and the increase in home foreclosures that has taken place, banks are more hesitant than ever before to offer a home mortgage to someone. Many people who once owned homes now rent because they can’t get approved for a mortgage loan. But that doesn’t mean that getting a home mortgage is impossible. It just means that you need to know what you have to do (and prove) so that the lender sees you as a responsible bill-paying home owner who deserves a home mortgage loan. (more…)
How to Buy the Best Second Home for You
photo credit: Go Card USA
For some, buying a second home is a dream; weekends at the lake house, long vacations skiing at the cabin, a hunting shack up north. But when you’re faced with the possibility of making that dream a reality will you know what you’re getting in to? If you want to make the best decision about a second home, follow the tips below. (more…)
Southwest States Face Highest Foreclosure Rates
photo credit: Apollo-Jack
People who are interested in snapping up homes that have hit the market after foreclosures will want to start looking in the Southwestern part of the United States. New foreclosure data reveals that Nevada, California and Arizona are the three highest-ranking states for 2008 foreclosures. (more…)
FBI Cracks Down on Mortgage Fraud
credit: Amy March
If you’re in the business of buying real estate then you probably pay close attention to the mortgage fraud cases that happen around the country. You want to make sure that the loans you get are legitimate loans that won’t turn nasty on you in a few years. It turns out that you’re not the only one who is paying attention to this issue; the FBI has reported that they’re seriously stepping up their efforts to stop mortgage fraud in its tracks. (more…)
Hybrid Cars Could Help Housing Market
credit: Burning Image
An interesting article over at Bigger Pockets recently drew a connection between the increasing cost of gas and the faltering housing economy. In short, it pointed out that as more and more of your money goes to the gas tank, you have less money to invest in real estate property (and to pay the mortgages on already-purchased homes). The author also noted that the cost of housing construction is on the rise as a direct result of the fact that building companies have to spend more money on gas when transporting materials and laborers to job sites.
Bankrupt Tenant
credit: Saad.Akhtar
If you have a tenant who has filed for bankruptcy, is still residing in your property and not paying rent or violates your lease in some other manner, you may not be able to evict them, or even send them a notice of termination of the lease. However, there are steps you can take to remedy the situation. Bankruptcy is not a free pass for your tenant.
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