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Arkansas Real Estate – Forget The Rat Race
Arkansas is a state that harkens back to a more relaxed time of life in our country. If you’re tired of hearing 90 cell phones ringing, moving to Arkansas may be the answer.
Arkansas
Unlike many states, Arkansas has made a concerted effort to...
How to Get a New Kitchen
Do you want to improve the look of your home? Have you thought of adding value to your home with a brand new kitchen?
The thought of home improvements, like a new kitchen, can be lingering thoughts. Projects like these can be expensive...
Part VI: Home Buyer Terms and Definitions
Recording Fee - A charge for recording the transfer of a property, paid to a city, county, or other appropriate branch of government.
Real Estate Settlement Procedures Act (RESPA) - A federal law requiring lenders to provide home buyers...
Real Estate Terms – From Appraisals To Comps
When you’re selling your home or other real property on your own, you don’t have to know everything about the process. It does help to have a practical knowledge of the terms that come up during the process.
Keep in mind, these aren’t intended as...
The Surest Way to Happy Customers!
Happy New Year! Here I sit on the first workday of the year. The office is not yet open and the phone has not yet rung. I love this time of year. Nothing yet accomplished, and no mistakes yet made. It is a wonderful time to reflect on the year that...
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Rear Estate It Takes Two To Tango
Two people, so a saying goes, can look at one thing and see two different things.
In the world of real estate, there are only two people involved in the process, the buyer and the seller. Whoever gets the most benefits, nobody can tell. But whether it's the buyer or the seller's game, getting involved in real estate business can be a very rewarding feat.
Real estate, in a general sense, refers to anything that is permanently set on a piece of land such as buildings. The concept of real estate lies on the fact that because of property ownership, real estate has turned out to be the most important theme in the business. And when there is a business, there is money.
Nowadays, there are people who buy houses not just because they want to own a home but for financial reasons.
Generally, these moneymakers would get a home equity loan from their real estate and then use it as a deposit for another property. Thereafter, he or she will sell the other property at a higher value. This is better known as "flipping".
This is the reason why most mortgage lenders and builders would rather sell their real estate to customers whose purpose to buy a house is purely residential. Lenders and construction builders see these so-called "flippers' as a treat to their business.
For this reason, many builders include some anti-speculation writing clauses within
the sales contract. It is stipulated in the contract that the owner will be reprimanded if he or she will sell the real estate within one year. It may also include a clause stating the defensive privilege of the builder to buy back the real estate at the selling price. This is applicable if the owner will resell the real estate within a year after the date of purchase.
But nevertheless, there are still people who try speculating in real estate especially if they have loads of perspective buyers who can compensate the higher rate of the property plus the cost it brings.
In a basic sense, property owners can do most anything with their real estate. The only drawback is that speculating on real estate fads can be really risky because nobody knows if and when the real estate "bubble" will burst.
But then, most business experts contend that what you invest in depends on your capacity to take risk. So, if you want more income, you have to take more risk…risks that you're confident enough to face.
About the Author: Save $$$ Selling Your Own Home FREE eBook Shows You How! http://www.push-button-online-income.com/fsbo
Source: www.isnare.com
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