Archive for the ‘Lessons’ Category
Sunday, April 6th, 2008
In a buyer’s market, sellers must up the ante to convince a dwindling number of buyers that their property offers what all buyers want most - top value for their dollar. Homes that show the best, sell first and for top dollar.
Here are eight quick fixes:
1. Buff up ...
Posted in Lessons, Techniques | 3 Comments »
Thursday, April 3rd, 2008
Number 1
I am underwater and I can't afford my house payment. How do I qualify for a short sale?
In most cases, you don't need to “qualify”. However, there are criteria that lenders use to evaluate selling via a short sale. Usually, a poor financial outlook for ...
Posted in Distressed, Investing, Lessons | 4 Comments »
Thursday, March 27th, 2008
Many are aware of Megan’s Law and how it has made publicly available sex offender’s home address. In fact, most real estate contracts have some statement to this fact.
Felonspy takes this to another level. Not only do they list sex offenders, but cross reference other ...
Posted in Lessons, Scams, Uncategorized | No Comments »
Wednesday, March 19th, 2008
Maybe you've heard of them, maybe not. The name is gaining popularity as more people turn to real estate as an investment. If you've been looking for real estate education, or even been to a "meeting" to learn about Nouveau Riche, you should read this article closely.
What Nouveau ...
Posted in Investing, Lessons, Scams | 24 Comments »
Saturday, March 15th, 2008
A good rule of thumb is to use an indicator called the months of remaining inventory. It's a ratio of homes for sale divided by the number of homes sold. This number gives you an idea of what the current market conditions are like.
So stated in another way, ...
Posted in Investing, Lessons, Real Estate Terminology | 1 Comment »
Friday, February 29th, 2008
Thought this article may be helpful to people with vacation homes.
Finally — IRS Guidance on Exchanging Vacation Homes Revenue Procedure 2008-16 Provides Safe Harbor
Until now, the issue of whether a vacation home qualifies for tax deferral treatment under IRC §1031 was the subject of much scrutiny and uncertainty. To the ...
Posted in Lessons, Real Estate Terminology, Techniques | 1 Comment »
Thursday, February 28th, 2008
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FICO Forums Hot Topics
FICO Forums is an educational and oftentimes entertaining platform for people to share their credit knowledge and personal financial experiences with other members of this online community.
Hot topics for February 2008:
Bankruptcy or Debt Settlement Program??? Please Help
To make a long story ...
Posted in Lessons, Uncategorized | No Comments »
Tuesday, February 19th, 2008
A growing trend in today’s market are homeowners that choose to walk away from their mortgage payment, not because they can’t afford the home, but more so because of loss of equity.
This is even more of a reality for those that ended up borrowing 100% for the purchase. Some ...
Posted in Investing, Lending, Lessons | No Comments »
Monday, February 18th, 2008
Most people only know of one type of real estate ownership; fee simple, also known as freehold. There are a handful of states that have another form of ownership known as leasehold.
The difference in these two types of land tenure is very different and affects the value of the ...
Posted in Lessons, Real Estate Terminology | No Comments »
Sunday, February 17th, 2008
One of the fastest growing segments in real estate has been in vacation and resort type properties. There are many reasons given for the growing interest, but condotels are very different from a condominium and it’s important that buyers know what these differences are.
Nothing New
While it’s quite possible ...
Posted in Investing, Lessons, Techniques | No Comments »