Archive for the 'Home Buying' Category
After You Make an Offer for Real Estate
Your real estate agent conveys your offer to the seller. If you have a buyer’s agent, he or she represents you. Now is a good time to keep in mind that all other real estate agents represent the seller and it is the seller who pays them, not you. Naturally, if you have given such […]
Closing Cost Examples
Freddie Mac, on its website, gives the following as examples of closing costs. On the website, www.freddiemac.com, you can insert dollar amounts after the following items and make calculations:
Purchase price
Loan amount
Term (years)
Interest rate
Discount points
Origination fee
Lender fees
Credit report
Escrow fee
Lender’s title insurance
Recording fee
Transfer tax or other city, county, or state tax
Appraisal report
Survey fee
Termite infestation report
Yearly property tax
Yearly […]
Buying in the Right Location
We’ve all heard the expression, location, location, location… This usually refers to the actual site of the property, and varies with the kind of property. A store at a busy intersection is at a more valuable location than one in mid-block on a residential street. However, a condo in mid-block on a residential street is […]
Two-Family Homes
While a single-family home is most people’s first preference, the economics of owning a two-family home might make you think again, especially if you are just starting out. Many two-family homes consist of a two-story building in which the renting family occupies the upper floor and the owning family the lower floor. In a well-planned […]
Getting Into the Right Frame of Mind to Buy Real Estate
To go into real estate, most of us need to freshen up our minds and change our way of thinking. We need to lose some of our unrealistic attitudes and incorrect beliefs. We need to brush away the mental cobwebs and let some daylight in. In my profession, I help people to do just that. […]
Strategic Thinking About Things That Really Matter
Your real estate investment will be shaped, to a great extent, by the kind of financing you obtain. Therefore, your earliest strategic thinking should be about your appearance of creditworthiness. Once you buy a property with an ARM, the clock has started ticking and you need to have plans to sell it in a timely […]
Investing in Condos
Condos for Real People
When you buy an apartment, it is likely to be in a condominium, that is, a building in which the apartments or units are separately owned, with joint ownership of shared building areas and the grounds. The apartments in a condominium are usually called condominiums or condos. In some Eastern and Midwestern […]
Five Excuses For Not Buying a Home
You don’t have the money for a down payment on a home. There are programs for first-time buyers. You can make use of creative financing and seller financing options. I will show you where to look for these options and how to structure the deal.
Your credit isn’t good enough to qualify for a loan. It […]
Investing in Multi-Unit Apartment Buildings
Perhaps the most rewarding real estate opportunities available at the present time consist of multi-unit dwellings in undeveloped neighborhoods. I think it is best to buy an apartment building with no more than four units, because this number of units, or fewer, generally keeps a building from becoming subject to complex city regulations. Needless to […]
You Don’t Need Money to Own Real Estate
I say you must own real estate, rather than need to or should. If you choose to change your life and create the income you know you deserve by investing in real estate, you must do certain things. One essential thing you must do is buy property in the United States today. With low interest […]
