REAL ESTATE
« Previous EntriesRental Property Tax Issues
Friday, April 25th, 2008When you purchase property and rent it out, you’re essentially running a business. You receive rental income and incur expenses from the property. You hope that, your revenue exceeds your expenses so that your real estate investment produces a profit for all the money and time you’ve invested. You also hope that the market value [...]
Tax Planning and Home
Thursday, March 20th, 2008Should I rent or buy a place to live? How much money do you have to pay for housing? Should I buy it now or should I wait? Many people have asked these questions.
Buying a house is a big dream for most of people. However, it is very complicated and it requires a tremendous [...]
House Record
Saturday, March 1st, 2008Members of the Housing Authority purchased by homeowner insurance or tenant insurance, the scope of protection will be included inside the article, the future if the unfortunate event of fire or theft encountered thieves, can be compensated for losses from the insurance companies, but to seek compensation from the insurance companies, we must have [...]
Lease Option
Friday, February 22nd, 2008When a renter signs a lease with an option to purchase a property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to a future down payment.
Lease options are most popular among buyers who don’t have enough funds [...]
Are foreclosures an option?
Wednesday, February 13th, 2008 In most states, a foreclosure notice must be published in the legal notices section of a local newspaper where the property is located or in the nearest city. Also, foreclosure notices are usually posted on the property itself and somewhere in the city where the sale is to take place.
When a homeowner is late on [...]
The benefits of seller financing
Friday, February 8th, 2008Seller financing is when a seller helps to finance a real estate transaction by taking back a second note or even financing the entire purchase if the seller owns the home free and clear. Usually sellers do this when a buyer has difficulty qualifying for a conventional loan or meeting the purchase price.Seller financing differs [...]
Can you buy homes below market?
Tuesday, February 5th, 2008While a typical buyer may look at five to 10 homes before making an offer, an investor who makes bargain buys usually goes through many more. Most experts agree it takes a lot of determination to find a real “bargain.” There are a number of ways to buy a bargain property:*Buy a fixer-upper in a [...]
How can I improve the value of my property?
Tuesday, February 5th, 2008The biggest factor outside of a homeowner’s control is market conditions. But other issues — including the condition of the property, specific home improvements and neighborhood stability and safety — can influence property values.The greatest rise in home prices occurs when the economy is strong and the number of home sales is increasing. Though markets [...]
Can a home seller sell a home for less than its mortgage?
Sunday, January 27th, 2008Yes, in some case you can sell your home for less than what you still owe on the mortgage. But it is complicated and depends on the lender. This situation is known as a “short sale.” Sometimes a lender will be willing to split the difference between the sale price and loan amount, which still [...]
How is a home’s value determined?
Wednesday, January 16th, 2008You have several ways to determine the value of a home.An appraisal is a professional estimate of a property’s market value, based on recent sales of comparable properties, location, square footage and construction quality. This service varies in cost depending on the price of the home. On average, an appraisal costs about $300 for a [...]
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