Real Estate Information
Can I Sell My Private Mortgage Notes?
In this country millions of homes are sold every year. In most cases buyers go to a
bank or finance company to seek mortgage financing.
How to Prequalify a Buyer When You Sell Your Home By Owner
Before we get to the math there are a few terms you should understand. The first is PITI which is nothing more than an abbreviation for "principal, interest, taxes and insurance. This figure represents the MONTHLY cost of the mortgage payment of principal and interest plus the monthly cost of property taxes and homeowners insurance. The second term is "RATIO". The ratio is a number that most banks use as an indicator of how much of a buyers monthly GROSS income they could afford to spend on PITI. Still with me? Most banks use a ratio of 28% without considering any other debts (credit cards, car payments etc.). This ratio is sometimes referred to as the "front end ratio". When you take into consideration other monthly debt, a ratio of 36-40% is considered acceptable. This is referred to as the "back end ratio".
Purchasing Property With No Money Down: My Personal Experience
Have you ever seen those infomercials about buying houses with ?No Money Down?? They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. You see this guy, standing on a street corner, talking to someone, and he says, ?I own that one,? pointing to a beautiful colonial. ?I also own that one next to it, and the one two doors down, and I?ll be closing on the one directly across the street from it, next week.? He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases he?s also paid no closing costs.
Budgeting Your Log Home: Where Do You Start?
The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. If you are shopping for a milled log package (as opposed to hand-crafted, which is a totally different category), the difference between one manufacturer's price and another is minimal when compared to the total cost of the structure. Here are some reasons why:
How to Get Financing after Filing Bankruptcy
If you're thinking about buying a home but have declared bankruptcy in the past, don't give up hope. There are still ways for you to be able to find a loan, even if your credit history is less than sterling.
Joint Ventures In Real Estate Development; So How Do They Work?
There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture.
How to Price Your Property?
A house properly priced is half sold. But there are plenty of ways to price it improperly.. * You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time.. On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale.). * You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you.. * You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay.. So how do you price your house?. By putting yourself in a buyer's shoes.. What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?. Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis. . And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?.
How to Make the Real Estate Market Work For You and Get The Most Money
How to make the Real Estate market work for you and get the most money.
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced properties are available if you know how to buy them.
Real Estate: Reasons and Priorities for Purchasing Property
Real Estate: Reasons and Priorities for Purchasing Property. It?s not just about Real Estate as an Investment.
A Powerful Suggested Technique for YOUR Home & Property Search
A Powerful Suggested Technique for YOUR Home & Property Search
Horses In My Back Yard
Horses In My Back Yard
How To Give Yourself A $20,000/Year Raise Without Asking Your Boss
Why without asking your boss?
How Do I Implement The Lease Purchase Plan?
Well, as we have discussed in previous newsletters first you have to set up goals for yourself, both long term and short term. Don?t forget these goals define how your business is run. They will determine what you do on a daily, weekly and monthly basis. The best way to do this is to picture yourself a year down the road. Close your eyes and get a mental picture of where you want to be, what you want to have, how you want to look, then open your eyes and write all that down on paper or speak into a voice recorder.
How I Became a Real Estate Investor
Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals.
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New York Times
New York Today: Readers Try a Week of MeditationNew York TimesHow can stressed-out, busy New Yorkers incorporate meditation into their daily routines? And can it make a difference? To explore those questions, we asked 13 readers who have little to no meditation experience to try it for 20 minutes each morning ...
Meditation may help lower heart disease riskHarvard HealthThe results suggest that meditation may improve a host of factors linked to heart disease, including stress, anxiety, depression, poor sleep quality, and high blood pressure. It may also help people stop smoking. An added bonus: it's low-cost and poses ...
The 5 Dangers Of MeditationForbesBuddhists call this "sloth and torpor," and it can be frustrating to feel this while you're meditating. Know that you're not the only one who feels weak or tired during meditations, or a heaviness or dullness in your body or mind. To counter this, you ...
New meditation program begins at Ithaca CollegeThe IthacanGuided afternoon meditation sessions for both beginners and experienced meditators have been opened to faculty, staff and students at the Ithaca College Muller Chapel as of late October. The sessions are led by Kathryn Caldwell, assistant professor in ...
How to Research and Purchase a Good Investment Property
How much do you really know about investment property? Accurate research and professional expertise applied to the purchase of an investment property builds a solid foundation for financial success. You may want to work with a REALTOR who can help to identify the great opportunities in investment properties in the area of your choice. Or, you may choose to do the work on your own. A REALTOR can provide the inside line on properties with potential in the geographic area where you are looking for property. If you do choose to work with a REALTOR, you will save time, and you may have more choices and opportunities.
Burn, Baby, Burn!
Luxury homes are lots of fun to inspect. Sure, the pay is better too, but mostly it's just fun to see how the other half lives! I also get to meet those people who have reached such a level of financial success that they are buying a home that seems like it could have been a boarding school!
Law & Logic of Homeowner Association Capital Reserves
In October 1999, Oregon was one of the first states that enacted a significant improvement to its Condominium and Planned Community regarding capital reserve planning, a process by which homeowner associations plan and fund future repairs and replacements. For many associations, the process became mandatory although there was an "escape clause" for pre-October 99 Oregon communities.
How to Sell Your Own Home and Save Thousands of Dollars
Most people take the easy way out when selling their home and hand the responsibility over to a real estate agent, when in fact the average homeowner is capable of selling their own home.
Real Estate Investing with No Cash and No Credit
Lots of folks think it can't be done.
Real Estate Investments
Real estate investments come through a variety of different options. However, whether it is a vacation property, a first home, an early retirement house, or a rental property that you find appealing, real estate investments are all the rage, and are quickly becoming one of the safest investments available, especially in our less-than-perfect economy.
Understanding Real Estate Terminology
Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.
Content Ideas for Ads and Brochures When Selling Your Home
Even in this hot real estate market, selling your home requires a bit of marketing effort. Ads and brochures are important and powerful tools. So, what do you put in you're marketing materials?
Land for Sale
Think owning land would cost a fortune? Think again! While land prices on the extreme coasts motors upward, there are millions of parcels for sale throughout the USA that can fit into anyone's budget. There is probably a land deal that could make you a profit happening right under your nose right now. Time to wake up and seize the day!
Commercial Real Estate Industry - Is the Condo Craze Over, or Just Gaining Steam
Over the last two years there has been so much condo activity that many
commercial real estate lenders are starting to express concern over the future stability of condo markets. Some lenders have recently found themselves over allocated in condominiums as a result of the recent activity and have therefore become wary of all but the best opportunities.
Real Estate Investing and Home Ownership
If you already own your home, you will probably make money in real estate without ever buying another property.
Types Of Real Estate - An Investors Choice
There are different types of real estate, and different ways to invest in them. Which way is best is for you to decide, according to your particular needs. Here are a few ways to consider, with their advantages and disadvantages.
The Sadness of Old Buildings
From the book No Smooshing!
Becoming A Battle Hardened Real Estate Veteran Without All The Scars
Step 1 is always to determine the fair market value(FMV). As a real estate investor, you can always buy properties at the FMV. My question is why would anybody want to do that? Through careful selection, you can always find properties that are priced below FMV, regardless if they are existing or if they are a preconstruction project. The best way to determine FMV is to work with someone already familiar with the area or determine yourself through local websites showing recent sales histories.
How To Go About Selling Your Home On Your Own
In days of booming real estate, you would think that selling a home shouldn't be too much of a task. And if it's going to be that easy then why not do it on your own and save yourself on thousands of dollars in commissions. Well, you would be right in thinking so! Selling a home on your own has become much easier these days compared to earlier and it's something that has been done successfully in the recent past by many homeowners. Nevertheless, you cannot totally eliminate the 'option' of considering the services of a real estate agent. It's worth a try selling your home on your own but if things don't seem to work out then it's best to go back and rely on the services of a trusted agent you know.
San Antonio Texas Real Estate
The San Antonio, Texas real estate market is still going strong even after several years of growth.
The Benefits of Fractional Ownership in Private Residence Clubs
A New Way to Own a Vacation Home - For the Select Few: Fractional ownership of vacation homes, also called private residence clubs, is a relatively new concept that allows you to enjoy four to 12 weeks of home ownership privileges per year at an upscale, luxury resort but at a fraction of the cost of whole ownership.
Real Estate Business
Starting real estate business is not that simple. Multiple aspects of stable business should be considered before you invest even 1$ in real estate. Owning real estate is no guarantee of wealth. There are a lot of things you have to do right to receive your reward. One of the most important points is to stay financially healthy, while waiting on your big pay day.
Real Estate Problem Solver
How to Negotiate a Successful Short Sale
Anyone who has ever profited from doing a short sale has also without a doubt had one or two rejected at some point. Guess what? It is just the nature of the beast?As with all types of sales; you're playing a numbers game.