Pure Luck


In each kind of business there are people who look confident, knowledgeable and who see opportunities in a given scenario that others don’t. This is also true in real estate. They seem to be very lucky in all their endeavors. They seem to have the Midas touch, everything they “touched” turned into gold. Many people believe in myths – which will help them achieve their goals or not. Like an expert on investment property said, real estate investment is like a hit and miss game. With every hit and miss is a lesson to be remembered. It takes time to learn the forces at work in real estate investment. Maybe there is an element of luck and magic in success – one that comes from readiness and industry.

Conjugal issues.


by: Christine Zafra

It seems that nowadays, a lot of people are into conjugal properties and/or homes. It is true that it’s cheaper if you and your friends share a home. Taxes, repairs, mortgage sums will all be split.

But do you know that it’s much harder in the end if you do a conjugal sharing of your property? Same as with business, it’s much harder to do it with your mates. When a fight comes your way, you might have problems with your finances. Who’s going to pay the bills if two or three want to split? You, and the remaining people in the list of owners will have a hard time for sure.

Is It Time to Change Your Real Estate Broker?

You may have been working with the same real estate broker for several years. Surely you’ve both seen some good times together and he or she may actually have helped you get a little more in many deals in the past. However, it seems that the market is getting harder on you recently and strategies don’t seem to work the way they used to. Is it time to change your real estate broker?

Keep Your Broker If:

He remains patient. Brokers and the real estate market in general use terms that may be unfamiliar to you. Your broker should continue to update you with jargons and other details regarding all your transactions. Even though you may have worked together for years, a good broker continues to listen to your questions and provides the right answers.

He doesn’t delay. Your broker should get things done when or before you need them. Prequalifications, documentation, appraisals, buyer and seller conditions and estimates should all be prepared prior to the deadline. Keep your broker if he remains competent in responding to the needs of your deals. Time is very crucial especially in the fluctuating real estate market so you should ensure that your broker still grabs opportunities for you whenever possible.

He is on top of things. A good real estate broker shows you all information on all pending, open and closing deals. He is responsible in all his duties and keeps constant contact with clients, agents if you have any and the market. Your broker should be available for you at all times and has full knowledge on all payments, terms, rates and conditions of your deals. When your broker is on top of things, it means that you remain a priority.

Change Your Broker If:

He is keeping secrets. If your broker seems to be doing things his own way without informing you, it is a warning sign that he may be taking matters and making decisions on his own. Remember that your money and assets are on the line and your broker should always act as if it would be his own loss if things didn’t turn out right. Change your broker if he withholds any information from you.

He loses legitimacy. Check your real estate broker’s license annually to make sure that he is legitimate to do his job. He could be a liability to you in the future when making deals. Some brokers fail to renew their license which in turn would make all transactions under him possibly unscrupulous and void.

He can’t sell. It is your broker’s responsibility to remain competent in the market. If his old strategies and approaches no longer work and is costing you time and money, do not hesitate to tell him your concerns. Good brokers always update their knowledge and people skills in order to make your investments as profitable as possible.

http://realestatepress.org – Real Estate Press

Tips in Real Estate Investing


The real estate world is a finicky place: either markets go up or down. Selling your property or real estate would be easier if you knew the basics. It’s a good thing then that you take to heart the following three tips for real estate investing:

Find an agent with the right experience. An agent whose name appears on a lot of signs on locations or property for sale will know on how to best price and sell your real estate

Make low offers correctly. A low offer to a sales agent may offend him but you need to be upfront on things or concerns about what needs to be repaired or improved in your real estate.

Look for extra opportunities. These are things like a full basement that can be converted into living space, or attic space that can be made into a bedroom or office, or an extra lot that can be split off and sold without reducing the value of the home much.

The Benefits of Bungalows

Hello, new little family. You, your partner, and baby makes three, and maybe a dog or a cat or a fish someone where makes company. You’re excited and happy to start your new lives together in a home all your own, and you want something that gets the most bang out of your buck. And who wouldn’t? You’re a smart, independent, and over-all awesome family, and you deserve a lovely home to spend happy years in.

Why not consider a bungalow? When you think about it, a bungalow is actually perfect for a small family, or even a couple who have plans of starting one. Let me count the ways this type of house is a great choice:

1) Since all the rooms are on one level, it makes for greater accessibility for babies, toddlers, grandparents, and even your pets. No more struggling with steep stairs, no more troublesome heavy-furniture-lifting onto second floors, and definitely no more fears of tripping and falling in heels and ruining that precious pre-prom photograph.
2) Bungalows are usually very affordable to purchase and to maintain. You can maximize air-conditioning and heating through the seasons, and cleaning is often a cinch!
3) Should you decide in the future to sell off your bungalow home, its structure often ensures integrity and sturdiness. Bungalows can withstand the test of time, and its resale value doesn’t usually deppreciate.

photo credit: roarofthefour via photopin cc

Renting Out Your Property

3.jpgWhat would you do if a rental property ends up in your possession, will you hold on to it or sell it? Outsource the management or have a hands on approach? Will you be ready for the tenant, trash and toilet problems? Being a landlord is a big decision specially if you are moving out and want to make your current home more profitable for you.

To determine whether you are ready to rent out your property, you can use these questions as a guide in making your decisions:
• Is your property worth hanging on to?
• Are you at ease with strangers moving into your home?
• Are you ready to handle tenants and still face your day job?

An interview with a mortgage broker: Tricks of the Trade


It’s very hard to ignore the current events lately about sub-prime mortgages, predatory lending and the skyrocketing surge in foreclosure rates. Making sense of how this debacle came to happen is another story. To find out several ways we can avoid mistakes in loaning and outwit the loaners, we decided to interview an industry veteran based in California who has been in the business for nearly 20 years. For the purpose of anonymity in this interview, we shall call him Ben. Ben, in all his nearly two decades of being in the lending industry, has never seen anything quite like today’s landscape.

Real Estate & WaMu

The hottest news nowadays is the worsening financial crisis. In a period of less than a month, we’ve witnessed the falling fortunes of Lehman Brothers, Merrill Lynch, AIG, and now comes Washington Mutual, whose banking assets were acquired by JPMorgan Chase, after it was seized by federal regulators. Check out more of the story here.

The current financial crisis is even more relevant for the real estate market and its analysts, since most of it is said to be precipitated by the fall of the housing market. Real estate is also majorly affected, as housing prices fall and would-be homeowners find it harder and harder to get a mortgage.

This shouldn’t stop hopeful buyers from investing in their own homes though, and people with mortgages shouldn’t use this as an excuse to stop paying their mortgage. Hopefully, we’ll be able to ride out this wave with minimal damage.



By: MJ

Ordinary folks would not prefer to relocate to a house near the cemetery. Why? For one, it is a house near the place of the dead. Second, it is not really a child-friendly area where he or she can be easily scared or traumatized. Third, it would be really disturbing to the dwellers to be isolated in a place where there are less people around. This is because not many people like the atmosphere of being in a deserted area only accommodated during the day of visitations.

People who have pondered about living near this area may want to re-think their decision for the sake of their own social and psychological benefit.

An interview with a mortgage broker: Tricks of the Trade Part 2


Loaning with just one hitch is one of the most disturbing loan trends he talks about that became very popular between 2001 and 2005. Otherwise known as negative amortization loan, this is when a borrower can’t afford a high interest rate because the monthly payments are too high. To close the deal, the loan agent comes up with a monthly payment and interest rate that satisfies both the borrower and the lender. BUT, there’s just one hitch. They give the borrower a lower monthly payment based on a 1 percent or 2 percent annual interest rate, but the rate on the actual overall loan is much higher.