Real Estate
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Maximizing Your Profits When Selling a Home
Article by Pierre Zarokian. Making the decision to sell your home is no easy task, but families do it all the time. There are a variety of reasons: some grow old and want to downgrade after kids have left the house. Others want less house because their budgets have been restricted by recession, and more families are upgrading for nicer schools or because of work. With more millennial home buyers entering the market, there’s a good chance your home will sell reasonably fast. Here are some tips to help you get the most money for it. Improve the Condition of Your Home If you want to make money, you have…
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REOs and Comparative Value
Article provide by Barry K. Rothman Bank real estate owned (REOs) are sold to buyers in as-is condition. The property is a prior foreclosure. Perhaps the previous owner no longer cared to maintain the property. This fact alone can require the new owner to add significant capital to the cost basis price. Most bank owners don’t want to make repairs or even lower their asking price to compensate for the buyer’s added costs. Although it’s important to negotiate when possible, most buyers of REOs understand they’re going to perform repairs in addition to the purchase price. Transaction Closing The time needed to close the REO property can take at least…
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The Caveats of Purchasing a Foreclosed Home
A foreclosed home may seem like a good deal, but it’s important that you are aware of the multitude of problems that it comes with. Buying a foreclosed home is one of the biggest discounts that you can get on the real estate market. However, there are several caveats, as you might already be aware of, when fulfilling this purchase. If you can bear the difficulties, it may be worth going through all the mess to achieve a successfully redesigned home. Here are some of the major issues when purchasing a foreclosed house. Maintenance There isn’t enough to be said when it comes the maintenance and cleanliness of a foreclosed…
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The Qualities Required to Flip Houses
In order for you to make a profit flipping houses, you’re going to have be prepared, both financially and mentally. It isn’t an easy process and requires time, commitment, and smart decision-making. Now that that’s out of the way, if you’re still considering flipping houses for a profit, make sure to read these tips down below. Skills If you’re handy with a hammer and enjoy dabbing in construction, then you’re already at a huge advantage. By having the knowledge, skills, and willpower to find and fix a house is an enormous commitment of its own. But, you’re also going to have to get down and dirty in order to flip…
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Selling a Home in a Down Market
If you’re looking to sell your house in a cooling real estate market, you’re going to have to enhance its’ attractiveness as best as you can to garner the best price available. Here are some tips on how you can go about doing that. Improve its Look Improving your home’s aesthetics is one of the most important upgrades that you can do to your house. You want to attract as much attention to your house as possible while also making it look better than your neighbors. Consider some upgrades on your windows, doors, or even the backyard. When a prospective buyer comes into your home, they’ll want to feel as…
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Common Mistakes Homebuyers and Sellers Continue to Make
In the realistic world of real estate, homeowners tend to make mistakes that are, at times, gravely ill-advised and are then forced to watch their beloved homes linger and depreciate on the market. While tacking on thousands to your house may seem compelling as you could pocket some extra cash and put it towards your new home, you’re in for a big surprise. Here are some common mistakes that sellers often make when selling their house. Kitchen and Bathroom Renovation Many sellers believe that a major remodel will significantly raise the value of your home. However, prospective buyers may have their own taste and won’t want to remodel a space…
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Purchasing a Vacation Home with Your Friends
Purchasing a vacation home has its many benefits. For one, you’ll have a beautiful house to stay in. But, in order to obtain this home, you’re going to need a significant amount of money. Many times people will split the costs of the vacation home with their friends in order for them to be able to afford it. While this sounds like a money-saver, it also has plenty of cons that can go as far as legal battles over the property itself. When it comes to routine monthly payments, you’re going to have to consider that people could opt out of their contract with you as certain issues such as…
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Top Reasons Why You Should Move to Richmond
Written by: The Steele Group Sotheby’s Richmond, Virginia has a significant historical background, an emerging arts scene, and diverse wine tasting. Declared as one of the top places to visit in 2014 by Frommer’s Travel Guides, Richmond has become a top destination for visitors and residents alike. With their luxurious and affordable housing options, consider these reasons why you should relocate to Richmond. The Cost of Living If you are considering Richmond as a permanent establishment for you and your family, you should know about the cost of living. Compared to the expensive costs of the East Coast, Richmond actually provides great value. Without a doubt reasonable in comparison to…
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Where to Buy Caribbean Vacation Homes for Sale
Written by: James Bovell Summary: Seven Mile Beach offers excellent value for the savvy investor. Grand Cayman homes occupy some of the most beautiful real estate in the world, with everything from luxury condos in a swanky downtown area, to secluded beach-side bungalows and singe-family homes. The Cayman Islands cater to families looking for a relaxed lifestyle that bends business and pleasure in the best possible ways. If you’re wondering where the hottest locations are to buy, these tips will help you. Seven Mile Beach The Seven Mile Beach stretch of Grand Cayman is full of luxury developments, offering some of the best amenities on the islands. Beach bars dot…
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Cayman Islands: The Islands that Time Remembered
The Cayman Islands of yesterday are almost nothing like the sandy beaches, bustling towns and luxurious Cayman Islands luxury real estate of today. The islands first fell under Spanish rule during the 1600s, 100 years after Columbus spotted them and gave them the name “Las Tortugas” for the plethora of turtles he found there – which can still be found in the wild today, but in fewer numbers. Islanders hunted the turtles back then, turning them into tools and food products to sell to ships passing through the area. The turtle’s contribution to the island is today honored in the form of turtle stew, a popular island meal. Travelers come…
