There are two schools of thought when it comes to paying your mortgage. And no, not paying isnt one of them! Lets have a look at the rationale between paying down your mortgage as fast as possible and taking your time about it.First lets pay that mortgage of fast! Well that is the school of thought of many people whos rationale is:1. the house isnt theirs and secure until paid for2. the longer they take to pay, the more interest they will pay3....more
Relais & Chteaux, a collection of the world's finest charming hotels and gourmet restaurants, announced its newest members at its annual Congress in Biarritz, France. A total of 31 properties have been accepted, bringing the total membership in the travel association to 475 members in 57 countries. Trout Point Lodge of Nova Scotia and the Sonora Resort in British Columbia were the sole new Canadian members. Three other new Relais & Chteaux...more
Author: Tasha GillWith construction on new homes falling to 16.8 percent in January, this is a great time for real estate investors to actually take advantage of these tough economic times. When deciding on new or existing homes for real estate investing, there are a number of things to consider:*Value of the property *Cost to finish construction or repairs, if needed *Urgency of the owner to sellIn certain situations, a home builder may not be able to finish construction on a home, or a developer may have a number of new existing homes that they cannot sell because individuals cannot get financed. When a builder is faced with multiple homes that are not selling, this is costing them money. This makes for a great opportunity for a real estate investor to get new homes significantly lower than the asking price. In order to find these potential deals, the investor must do their research and study the market. Certain areas of the country are being hit much harder than others, particularly in areas where there are many layoffs. If you can find a property and a lender facing financial trouble if they do not sell, you have a recipe for success.Investing in Existing HomesNow more than...more
The first part of home-buying is always deciding whether you are prepared for homeownership. Even experienced homebuyers must also keep in mind several early-stage factors, especially financing. Even before going out in the city looking for the right Miami condo, an effective financial strategy is a must. Every homebuyer needs to understand the...more
Buying commercial properties is different from purchasing residential ones. While the basic considerations still exist, in commercial real estate, these considerations significantly increase. One of the things marketers must look out for is the lease term. Negotiating a better term is not as easy as other rental properties. So when you're reviewing...more
Negotiation is a crucial stage in any types of real estate purchase, especially foreclosures. When you are trying to buy Miami Beach foreclosures that have been repossessed by the bank and sold openly to prospective buyers, try to remember to negotiate well in order to get the bargain you're looking for. Here are some tips to help you and things to consider.How the negotiation will beginAfter contacting the bank that holds the Miami Beach foreclosure you're most interested in buying, ask your agent for a walkthrough of the property to confirm and asses the present condition. Dont settle for pictures but instead, visit them in person. If the property passes your criteria, contact the bank and inform your interest to the right department. However, this will not be as quick as in other states because Florida laws give homeowners a specific length of time to reacquire their property if they manage to settle the outstanding debt. The redemption period can last from a few weeks to several months depending on the bank, in general. You must not apply for a purchase agreement until the grace period ends. Your goal vs. the banks goalAs a Miami Beach foreclosure buyer, your primary goal must...more
In the current economic crunch, more and more sellers are skipping home staging. They rely on de-cluttering, cleaning and other cheaper alternatives to make the home presentable. While there is nothing wrong with curbing expenses during home sale,...more
Savvy homebuyers always anticipate problems. Aside from having Plan A and B, they often concoct Plan C to serve as cushion if the first two fails. When you're buying a Miami real estate property, adopt this strategy to help you survive. Along with...more
Homeowners who would rather have the whole proceed of the home sale for themselves are more inclined to sell their property on their own. Also known as FSBO (For Sale By Owner) is not a new-age trend; it has been around for years. And with the...more
Aberdeen is a beautiful city and boasts of some spectacular architecture. The city is Scotlands third largest and is a regular winner of the Britain in Bloom competition. Aberdeen caters to all tastes, offers some great shopping in the city centre...more
One of the crucial steps in selling a home is listing the property. This is the part where homeowners get their homes for sale out there for buyers to see. There are steps within this part and its equally important to consider each. Read on to know...more
In home-selling, one of the most common (and costliest) mistakes homeowners make is pricing their property wrongly. If you sell your home too high, the property is at risk of getting stale from not receiving any visits from buyers. If you sell your...more