eleanorgogo's Space http://eleanorgogo.posterous.com Most recent posts at eleanorgogo's Space posterous.com Wed, 01 May 2013 02:16:44 -0700 Tips To Make Your Home Buying Experience Easier http://eleanorgogo.posterous.com/tips-to-make-your-home-buying-experience-easi http://eleanorgogo.posterous.com/tips-to-make-your-home-buying-experience-easi

Purchasing real estate is something that is a big deal for anyone, though this especially true for a first time buyer. The time and money you will commit can really stressful. Use the advice contained in this article so that you have the most success and ease any of your real estate buying concerns.

This is the perfect time to start investing in real estate. Property values and interest rates are now at a low since the recent housing market has crashed. The market is going to rise again, and your investment will be very profitable.

Take your time to measure a house you are highly interested in buying. The two numbers should be within 100 square feet of each other; if they do not match, either rethink your purchase, or figure out what is going on.

When you are budgeting for a new home purchase make sure you keep in mind all those "hidden costs", such as legal fees, stamp duty and other outlays. They can really add up and if you have not allowed for them, you could end up chasing about for additional money from a payday loan from one of the firms of payday lenders, or putting a major dent in your credit card. Most banks and payday lenders would probably agree this is not the most cost-effective use of their products.

Hire your own professionals when purchasing a house. No one likes spending money on something they don't have to. Even though this is true, it is always best to hire people you personally can trust. Getting to the unvarnished truth can save you enormous stress and expense in the long run.

If you delay your insurance purchase, you may not be covered for any losses that may occur, especially if you live in a hurricane or earthquake zone.

When looking for new real estate investments, always take into account your goals. Determine if your goals are short term or long term. Don't consider properties that don't meet your long-term or short-term goals. A lot of investors don't do this due diligence and buy something that does not satisfy them or even lose money.

Stay in constant contact with other investors in the real estate investment business. There are always properties available, but not every piece of property is correct for every investor. Keeping in touch will let them help you find good property that others may not yet gotten their hands on.

Do the proper homework and research rental properties. If you have your eyes on a rental property, don't purchase it until you've thoroughly looked over the records for the past couple of years at minimum. Your lender will probably want you to show them your income before you can buy a property and get a loan.

When you are choosing an agent to assist you in looking for a house, ask them how long they have lived in the area. If an agent has recently moved to the area, roads, community environments and neighborhoods.

Try to buy houses that have fireplaces in locations other than the main living room. It is a real hassle to keep up to cleaning multiple fireplace considering that they are rarely used anyway.

Even though you might appreciate the view, in the long term, your buyer might not think so. Therefore, purchase the home because you love the view, just make sure you don't overpay for it.

Figure out your home buying price range with a house by utilizing an online calculator.

So, are you ready to buy now? Hopefully, the guidelines listed above will help ease your concerns. Apply the tips that fit your situation to achieve greater success. Purchasing real estate doesn't have to cause you to have a difficult time. It is exciting to own a piece of something! Find out how much it would cost and then make an informed decision!

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Wed, 02 Jan 2013 08:43:08 -0800 Get The Services From The Experts When Your Home Necessitates A Foundation Repair Job http://eleanorgogo.posterous.com/get-the-services-from-the-experts-when-your-h http://eleanorgogo.posterous.com/get-the-services-from-the-experts-when-your-h

Any home, may it be an old one or new requires care, particularly when damage repairs are highly desired. It should undergo the much needed repairs when the situation calls for it, such as the case of a foundation with some damage. Everyone should be aware that the foundation serves as a part that gives the house structural steadiness and firmness. Contractors specializing in handling repairs on this specific structure should be immediately sought after to prevent another breakage.

The Vital Impact of Experts on a House Repairing Job

In a lot of times, property holders are not able to recognize the need of a repair on the foundation of the house. They have no expertise in the field of inspecting the house for damages that may contribute to compromising the entire integrity of the structure. This situation calls for a skilled and trained contractor to do this job for them. This serves as an avenue to get rid of probable damages resulting to foundation damage.

What To Look For in Foundation Repair Contractor

He should have a legal working permit or a license to undergo this kind of job. A great help regarding the avoidance of fraudulent doings is highly attainable when doing so.

Professionals are highly skilled, enabling them to do an efficient work.

Another important thing to note for is the insurance. This will prevent you from accountabilities when unfortunate accidents occur within the working hours.

You can ask for comments from the previous clients regarding their experiences with the contractor you are checking out. This gives you the impression of the quality of work he is capable and the work bond he has with these people. Look out for positive and negative feedbacks. Take note on the efficiency and proficiency to do a great job as well as the right attitude. Follow here to discover more about foundation repair San Antonio.

Take note of the quantity of money that you have laid on this particular project, but it must not be the only base for the decision in picking out a contractor. Get free quotes from the line of contractors you are planning to employ.

Make certain to deal with a professional highly fit and experienced to handle a foundation repair in San Antonio.

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Sun, 11 Nov 2012 04:49:11 -0800 Find The Best Details About Home Buying http://eleanorgogo.posterous.com/find-the-best-details-about-home-buying http://eleanorgogo.posterous.com/find-the-best-details-about-home-buying

Are you sure you are completely knowledgeable about everything related to purchasing real estate? The housing market is forever changing, and even those who are experienced buyers can still benefit from new and useful information. This article can help you by providing tips you may use when you're in the market to buy real estate.

Make sure to ask your Realtor to supply you with a checklist. Checklists cover each step of purchasing your home. They help you through the process of finding the home, making sure you can afford it and securing a mortgage. You can use the various checklists to make sure you're ready for every contingent as it comes up.

When you are in the market to buy a home, do some research to find out about the many programs that are available for assistance with down payments, and make note of the ones for which you qualify. If you can do this and have the seller pay the closing costs, you can save a considerable amount of money off the purchase of your home.

Do some research on rental properties. If you want to buy some rental property, do not buy it until you have looked at the rental records for two years. The reason behind this is so that you are sure that the individual who is selling you the property has provided you with the right information about what sort of income you can expect to receive from the property. Your lender will probably require this verification before even considering giving a loan for the rental property.

You should be willing to show a degree of flexibility. If you do find a perfect house in your desired location, it might be out of your price range, but choosing either a different location or a less perfect house could make it affordable. If you can't find the house you want in the location you desire, look for that type of layout in an alternate location or vice versa.

Before buying a home, get an inspector to examine it. Buying a house that requires renovations is a decision that can cost you a lot of money if you don't know what you are getting into. Dealing with unforeseen repairs can be expensive and some could be so big that you will have to find somewhere else to live while repairs are being done.

The appraiser that you choose for your real estate should always have a lot of experience; five years at the least. If your real estate agency recommends an appraiser to you, find someone else. There may be something behind that. Look for an appraiser with a state license instead.

Maintain contact with fellow investors. They may know of a property that isn't right for them, but may be perfect for you. By doing this, you will stand a greater chance of discovering the rare find that has eluded other purchasers.

A home should only have a fireplace located in the family room unless the property is located in a particularly chilly climate. You will find yourself not using these fireplaces and wasting time keeping up with them.

Are you ready to purchase a home? Hopefully, you feel less stressed about your potential buy thanks to the information that has been provided in the above article. Just try some of the suggestions. Not every suggestion will work for you, of course, but the ones that match your interests and circumstances should make it far easier for you to purchase your first property. While real estate transactions are complex, they need not be difficult. It's exciting to own something! Just count the cost and make wise decisions. - case

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Sun, 04 Nov 2012 14:18:11 -0800 Yes! 7 Tips: Have Success In Commercial Real Estate http://eleanorgogo.posterous.com/yes-7-tips-have-success-in-commercial-real-es http://eleanorgogo.posterous.com/yes-7-tips-have-success-in-commercial-real-es

Commercial real estate investing requires a different level of expertise than other types of investing, so you need to be sure that you're fully aware of how the market operates. Whatever your needs are in commercial real estate, the tips contained within this article might just help you learn something.

1) When searching for a new property for investment purposes try to write a list of fixed assets. For example, a property with a rainwater tank, solar panels, fibreglass swimming pool, patio, new driveway and similar has greater value than the same type of property without. There are also residual advantages, for example reduced electricity costs with solar panels. With fiberglass swimming pools just be aware to the maintenance and safety costs.

2) When you are looking for a broker, one of the things that you will have to focus on is whether they are a generalist or a specialist. A specialist will have more skills in the field that you are looking at, which will allow you to get the best possible deal.

3) Ask your future landlord, before signing a lease, whether they have an emergency contact phone number available. Some landlords leave for the weekends or holidays and if anything breaks within your unit, you're out of luck for the time being. Make sure to discuss this with the landlord, in order to ensure that your problems are looked after quickly.

4) Many times the lots around your real estate will greatly impact the overall value of what you are interested in selling or buying. If there has recently been a boom than you can expect higher prices on the real estate. Conversely, if the neighborhood has been full of foreclosures than you can expect that to decrease the price.

5) Have several different individuals evaluate the value of the commercial property you are considering buying. Fresh perspectives will be able to give you a clear view of how much others believe this property is worth. You may find that you are paying too much, or that your real estate agent is overvaluing the property for your offer.

6) Learn the formulas that apply to commercial real estate deals. When buying residential properties, you might rely on certain rules of thumb, such as buying a property at 75 percent of its value after repairs, minus the cost of the repairs. Commercial property has the added complexity of cash flows, so get to know the applicable formulas. You will need to understand cap rates, net operating income and know what the comparables are doing.

7) You can use the cash-on-cash formula to determine the amount needed for the initial investment. This approach is most commonly used by investors who are dependent upon financing activities to raise the cash needed to purchase the property; use it to compare the Year One performance of competitive properties.

Reading and understanding the collection of tips contained in the above article, is your first step to succeeding with commercial real estate. The next step, of course, is to put this knowledge to action and make calculated moves to ensure that you succeed instead of fail. This article can get you started, but you have to finish.

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Sun, 19 Aug 2012 10:30:55 -0700 How To Get The Best Price For Your House http://eleanorgogo.posterous.com/how-to-get-the-best-price-for-your-house http://eleanorgogo.posterous.com/how-to-get-the-best-price-for-your-house


It is not easy to sell a house. But by employing the right tactics, you can find a buyer who's willing to pay the price you want.

There are four things that you can do to increase the marketability of your house.

Create competition for the property. You can set the stage where buyers will want to have the advantage over others. If you schedule appointments one after another in close proximity, buyers cannot help but notice that they have serious competition. This strategy taps into a buyer's fear of loss, the single greatest spark to get a buyer to buy now.

Look for Realtors with proven track record. Take a real good look at the agents, keeping in mind their batting average in selling properties at the listed price. You should interview at least three agents, ask for referrals and ask for proof of their ability to do what they say they can do. They should have a workable plan ready for immediate implementation. Insist for an option to cancel the listing if you are not satisfied with the handling of your property.

Spruce up your home. Make sure the house is bright, clean and open. Visitors should feel comfortable inside, so pay attention to the temperature setting. The three most important views of the house are the view from the front curb at the front of the house, the view at the front door, and the view at the front entrance way when someone first walks into the house. What the buyer will do next will depend on whether or not he likes what he sees on this visit. Make sure it's a good one.

Use plants and flowers to beautify the front porch from the outside. If necessary, repaint or replace the front door.

The kitchen and master bedroom deserve special attention. Put some new hand towels in the bathroom for show and flowers in the kitchen for ambiance.

Improve the general quality of the house. Improvements must be in good taste and need not be expensive, and just to make sure that you will do things right, inspect several houses that have similarities with your property. At any point in time, there are things that are "in" among buyers. A Jacuzzi is nice, but it must be suitable for the house and you have to consider if the cost will be justified relative to the price of the house. When spending money on upgrades, payback should be double the costs when the house is sold.

Are you searching for a great way to increase curb appeal when selling your home? Read about our Bucks home remodeling contractor options to change your home's look for a faster sale.

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Mon, 06 Aug 2012 03:45:30 -0700 Real Property Market Value Appraisals http://eleanorgogo.posterous.com/real-property-market-value-appraisals http://eleanorgogo.posterous.com/real-property-market-value-appraisals

Single residential units are valued based on sales records of comparable real estate units. This basis however is not as effective in the case of rental properties. Imagine if you are looking at a 24-unit building. You will be extremely lucky to find a property of a comparable structure sold in the immediate past in a similar location.

It's also not ideal to use replacement costs for income property appraisal. You will have a problem if there is no real estate property in the vicinity with no proper zoning that is on sale. On the other hand, this method will be useful if you are making a decision on whether to buy or build.

Real Estate Valuation By Cap Rate

Income properties are bought for the income. The value of the property then is based on its projected income. The rate of return investors in a given area expect gives you the capitalization rate, or "cap rate" for the area. This is the method used in calculating the appraised value of the rental property. See the following example for a clearer picture.

The process begins with the gross income of a property. Compute also the total expenses for the year and subtract, not including loan payments. So if the property grosses $82,000 for the year and the total expenses is $30,000, the net income would be $52,000, again excluding debt service. You then apply the capitalization rate to this figure.

Suppose the acceptable cap rate in the area is .10, for example (ask a real estate agent), meaning investors expect a return of 10% on the value of the property. If you divide your net income by .10, the result will be $520,000 which will be the appraised value of the property. Supposing further that the property investors in the area presuppose an 8% ROI. Then the value would be $650,000.

A Straightforward Property Valuation?

Take net income before debt-service, and divide by the "cap rate:" It's a simple formula. However, the tough part is getting accurate income figures. Are all the standard expenses included? Did he and exaggerate the income? Suppose he stopped repairs for a year, and also showed you the "projected" rents. In that case, the income figure could be $15,000 too high. Going on with your computation and using a .08 cap rate, the actual value of the building would be $187,000 less than the stated value.

To be on the conservative side, property buyers exclude vending and laundry machines from the rental income. Again, assuming that income from these sources is $6,000 and a .08 cap rate, the appraised value would be $75,000 higher. Instead, do the appraisal without this income included, then add back the replacement cost of the machines (probably much less than $75,000) to arrive at a valuation.

The lesson is to be prudent when using a real estate valuation formula. Considering that there is no perfect procedure for every situation, be sure to get the right figures in order to get the right answers. If used wisely, though, appraisal by capitalization rates is one of the most accurate methods of real estate valuation.

Well planned home repairs can substantially raise your selling price. At allseasonsconstruction.net, we can help get your home ready to sell with construction services such as awnings.

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