New or Old House?
A lot of buyers think that a new house is the way to go but it's important to have some knowledge of quality and of the builder. New paint, carpet, doors, windows and cabinets are a quick and easy sell. But are the cabinets even level. I have seen cabinets in a $300,000 house that the dishes would ...
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Pricing your House to Sell
Most Sellers set their initial asking price at an amount somewhat higher than they are actually willing to accept, fully expecting a buyer to open the bidding with a lesser amount.While price is the most frequently negotiated item in any home sale, you may be able to creatively provide financial ...
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Expand Your Acquisition Strategies Through Short Sales
Many millionaires made their fortunes in real estate. They did so through purchasing small single family units up to large multi-unit buildings, put tenants in the units and collected rent.With the rent payments more than the monthly mortgage payments, they had cash flow money to put back into the ...
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7 Different Ways Anyone Can Become a Real Estate Investor
Being a real estate investor is not really that hard, Sometimes you do not need any money down. Other times you do not need any of your own money down. Below are 7 Methods to buy property and earn money.1 - Buy and FlipThis is a Method where you buy Real Estate at below Market Price and sell ...
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Appraisal or Home Inspection?
People sometimes confuse a home inspection and an appraisal when they are in the process of buying a home.Most mortgage applications involve an appraisal, which can be a
physical inspection of the property plus a written analysis of similar homes that have recently sold in the area. An appraisal ...
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Buying and Selling Real Estate: Negotiating to Win-Win
You don't get what you deserve - you get what you negotiate for.If youve spent some time on homekeys.net, you probably noticed we generally dont carry a torch for tradition or conventional wisdom. Having said that, the well-worn clich above still holds true, especially in real estate transactions ...
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Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ...
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Home Equity Loans Beware of Appraisal Fraud
A new report by the independent Demos group has revealed what may not be a surprise to many people corruption is rampant in the home appraisal industry. The bust in the dot-com market of some five years ago has left would-be lenders with a surplus of cash to lend. This has led to a huge boom in ...
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Construction Loan Basics
It might not be too big of an exaggeration to say that the construction loan is one of the more daunting aspects of building your custom home. Before we started our project, I had nightmares about trying to pay two full mortgages at the same time (our existing mortgage and the construction loan), ...
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Real Estate V. Stock Market : the Heavyweights Champ !
There are out there essentially three places where you can stack up your hard-earned money: the stock market, real estate and under your mattress. If you decide to put the money under your mattress, beware: it will fruit no interest and, hence, it won't grow over time. In fact, it will devaluate ...
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