Archive for the 'Real Estate Investing' Category
Character Counts in Real Estate Investing
“Believe that life is worth living, and your belief will help create the fact.”
—William James
Who you are determines what you perceive, and what you perceive determines what you do. That is why your character is so important. Developing character and living out loud are what life is all about. The choices you make develop your […]
Buyer’s Agent
Finding an agent who understands what you want and who has extensive local knowledge and contacts is more important to you than the agent’s professional links.
It is worth remembering, however, that real estate agents work for the people who pay them, that is, the property sellers, not you. This requires the agent to put together […]
America’s Best Offer
By now you can see that when I say you must buy property, I am not talking solely about market conditions. A lot of people who come to me for advice wouldn’t know a real estate bargain if it was presented to them as a gift. Their mental conditioning prevents them from seeing it. Some […]
Home Values - More than Paper Value
At present, the market for residential properties is booming. The following facts give you an overview of what is happening.
According to the Office of Federal Housing Enterprise Oversight, the average house price has jumped eighty-five percent over the past decade.
The median home price jumped eleven percent from February 2004 to February 2005. According to a […]
Making an Offer on Real Estate
In less active real estate markets, there was plenty of time to reconsider the price and other aspects of making a purchase offer for a property. In today’s real estate boom, you must make an offer on a desirable property as quickly as you can. If you hesitate or take time to reconsider your bid, […]
How to Buy a Home to Renovate
We’ve all heard of people who buy a wreck of a house in a great neighborhood, fix it up themselves while living in it, and then sell it for many times what they paid for it. This sounds possible for people who know enough about construction to judge whether a wreck can be saved economically, […]
How Long Will the Real Estate Boom Last?
The answer to the question of how long the real estate boom will last depends on what you mean by “boom.” If you are asking whether real estate prices will rise steadily over the next ten to fifteen years, I would tell you, without hesitation, that this is most likely true. However, if you want […]
What Should a Real Estate Agent Do For You?
You’ve made up you’re mind—you’re going to buy. You know what kind of property you want; you have a good idea of the neighborhood or kind of neighborhood you want; you’ve put together a clear picture of your financial affairs; and you’ve met a real estate agent who strikes you as honest, knowledgeable and hardworking. […]
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 […]
