Successfully Marketing Your Fsbo Property
Posted on March 30, 2008 - Filed Under Business | Leave a Comment
Real estate brokers like to make it sound impossible to sell your home on your own. The truth, however, is that proper homework and ingenuity allow you to make the deal without having to go through a third party. This can save you up to a 10% commission paid to the selling agent. For Sale By Owner property (often abbreviated as FSBO), is that marketed, bought and sold without the representation of any real estate broker. According to a press release by the National Association of Realtors, 12-13% of homes sold in the United States took place via FSBO.
Read More..>>Succeed With Real Estate Investing
Posted on March 12, 2008 - Filed Under Business | Leave a Comment
Do you ever feel like you put way too much thought into money and how much you spend on bills, taxes and mortgage? Will what you make ever be enough? The sad truth is that about 60% of what you make is taken from you.
Think about it for a minute. Most of us spend at least 35% of our incomes in federal taxes and, depending on the state, 9% to 10% more in state taxes. If you are self-employed that is another 15% gone. Then there are other expenses including food, clothes, car payments, insurance, gas, etc. and the 5-8% sales tax. Subsequently, you do not have much left for personal expenses, kids, vacations or anything else.
Read More..>>A St. Augustine Condo Offers Low Impact Living
Posted on March 9, 2008 - Filed Under Business | Leave a Comment
It’s hard to deny that the environment is changing. As a result, more and more people have begun to seek out ways of lowering the impact that they have on the world around them.
If you are looking for a St. Augustine condo that will offer you the opportunity to live with a lower impact on your environment, a St. Augustine condo that will allow you to live in a location that is convenient to everything, a home in the St. Augustine waterfront community at the Abacos at Salt Run is the perfect solution.
Read More..>>Understanding Real Estate Closing Costs
Posted on March 7, 2008 - Filed Under Business | Leave a Comment
Even though a purchase agreement might have been signed between the buyer and seller, the buyer cannot become the owner of the house unless the ownership or the legal title of the property is transferred to his name. The legal process that undergoes while transferring the title is called closing or settlement. Payments made towards closing a mortgage loan are described as closing costs. There are various types of closing costs that differ according to the state or region.
Private Mortgage Insurance (PMI): For the purpose of assuring the lender against any loan defaults, borrower is required to pay a PMI. This is usually required in situations where the down payment is less than 20 percent.
Read More..>>Baby Boomers Are Helping Florida Real Estate Prices Rise
Posted on February 22, 2008 - Filed Under Home and Family | Leave a Comment
Trends of the real estate sector are strongly influenced by the basic standards of living and the changes in the quality of life of people in general.
All along history, it has been observed that land prices have rapidly risen and fallen according to the changes in the lives of the people of the concerned area.
One of the most recent examples of this trend is the influence of baby boomers over the real estate prices. Charlotte County in Florida is an excellent example of the same.
Who are the baby boomers?
Read More..>>Real Estate Investing 201
Posted on February 9, 2008 - Filed Under Business | Leave a Comment
Digging a little deeper into Flipping. In Real Estate Investing 101, Part I, we covered buying a house to resell for a short term profit. In this lesson, we’re going to delve a little deeper into flipping, run a scenario, and examine ways to maximize profit, while minimizing risk and making it happen fast.
Finding an appropriate property
Read More..>>Good Fences Do Not Necessarily Make Good Neighbors
Posted on February 7, 2008 - Filed Under Business | Leave a Comment
The adage, ‘Good Fences Make Good Neighbors’ is true for the most part … unless your fence is on someone else’s land.
Perhaps like me, you know someone who spent thousands of dollars installing a nice, concrete block fence only to have the neighbor threaten to sue because the fence is encroaching a foot or so onto his land. Ripping out the fence and reinstalling it can be very expensive. If your neighbor is really agitated, he might rent a bulldozer and knock your expensive project down. No matter which way you slice it, your fence can be a real source of financial and emotional grief if you’ve constructed it in the wrong place.
Read More..>>Writing An Offer To Purchase Real Estate
Posted on January 26, 2008 - Filed Under Business | Leave a Comment
Just found the home of your dreams and want to purchase it? It’s time then to write an offer to purchase a real estate property. The process needs careful study, research and should not be made in a rush. Remember that your purchase offer is critical in negotiating a sales contract with the seller.
The purchase offer is a very important legal document that details the price you are going to pay for the property as well as several terms and conditions such as the mode of payment — if it’s going to be cash or financed by a lender, the down payment, the inspections to be conducted, timeframe, what personal property will be included, the closing costs and who will pay for them, terms of cancellation, any repairs you want done, the date of closing and possessing the property and other contingencies.
Read More..>>Rhode Island (ri) Real Estate Law - Closings And Title Attorneys - Lawyers
Posted on January 19, 2008 - Filed Under Legal and Law | Leave a Comment
1) What is title insurance? How much does it cost? Should I buy it?
Read More..>>Copyright Problems For The Unwary Real Estate Developer
Posted on December 17, 2007 - Filed Under Legal and Law | Leave a Comment
Real estate lawyers take head. Waiting in the tall grass of your client’s real estate development project may be a thorny copyright issue that could cost your client all of the profit it earned on the project, and would probably buy you a serious malpractice claim.
In the course of developing a real estate project, whether it is a residential community or a commercial project, a central component of the project is the architectural plan. Unless the developer (and the developer’s counsel) are aware of how the Copyright laws affects what the developer can (and more importantly, can’t) do with the plan, the developer may find itself on the receiving end of a Copyright infringement lawsuit. Why? Because an architectural plan, as well as other architectural works, are protected under Copyright laws, and these laws govern who owns the plans and what can and can’t be done with the plan.
Read More..>>