|
|
|
17 Sure Fire Tips For A Successful Open House
The Sunday open house is a longstanding ritual in the real estate market, and many a home has been sold on a lazy Sunday afternoon. When used properly, the Sunday open house can be a great marketing tool.
The following steps will help you get the...
Modular Homes - Affordable Housing
With soaring real estate prices, many Americans are looking to alternative home options. Modular homes are one of the popular affordable housing options.
Modular Homes
Modular homes represent almost 8% of all new U.S. home sales, with nearly...
Negative Gearing – It’s Not To Your Benefit!
The concept of negative gearing has been originally developed to encourage real estate investment in Australia by allowing any income losses from property investment to be deductible from other income as a tax benefit. This means that the taxable...
New York Real Estate – The Empire State
From Niagara Falls to the Catskills to a little city with the Big Apple nickname, New York is truly the Empire State. New York real estate prices reflect this lofty nickname.
New York
While New York City gets a lot of publicity, New York is a...
The Language and Meaning of Flowers
Sweet flowers alone can say what passion fears revealing Thomas Hood poem, The Language of Flowers Flowers and bouquets of flowers have a meaning of their own. Most of us know that a dozen red roses means, “Be mine.” But did you know, for example,...
|
|
| |
|
|
|
|
|
|
The Money Pit
A dark legend in the world of real estate, the monster in the closet, the secret fear of all investors. Why do we do it?
Why do we pour time and money, blood, sweat and tears, into a home renovation when the house turns out to be the equivalent of a lemon on the car lot?
Maybe it's because Americans love a challenge. Maybe it's because we're uneducated about what we're getting ourselves into, and too proud to stop when we figure it out. Or maybe it's a secret emotional attachment to the roofs over our heads that leads us to take on these houses that just won't cooperate.
Some people are getting smart. In fact, there's a whole business devoted to those who want to weed out the lemons, and they're ruthless about it when they get going. Professional house flippers, who renovate strictly for resale value and for profit, have learned how to take emotion out of the process. As soon as a professional house flipper sees signs of a money pit, they're liable to bail, cut their losses, and call in the demo team.
But it's not the professionals that are getting in over their heads. The susceptible ones are those buying the Victorian on the corner that caught their eye. As far as they're concerned, it just needs a little TLC. Even if it does have a condemned sign across the front door.
Real estate has always been an American passion, but lately, with a huge boom in the market and an even larger boom in home renovation shows on television,
we've become more and more obsessed with our homes. Maybe it's this starry-eyed view on renovation, brought on by television shows where a house can be demolished and rebuilt in the course of a weekend that is causing the problems.
Hidden problems are common in old and defective properties, but smart investors generally hire home inspectors who tell them what might be going on before they even sign the contract. If it looks like too much, they back out. It's the private investors, the people determined to own a renovated classic that get into trouble. And that's not to say they don't hire inspectors. It just means they might not listen to them.
If you purchase a money pit, the results could be disastrous. It could involve crews of grim men with water vacuums and boards and ladders. It could involve far more cash than you'll ever gain back on the market if you decide to sell the thing.
On the other hand, if you have the resources for it, refusing to back down when your house strikes back could be half the fun.
About the Author: Kirsten Hawkins is a real estate expert from Nashville, TN. Visit http://www.king-of-real-estate.com/ for more information on real estate, mortgages, and finding the house of your dream.
Source: www.isnare.com
|
|
|
|
|
| Real Estate, Property, Land and Homes for Sale, lease and rent ... |
| Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful ... |
| www.realestate.com.au |
|
| Real Estate | Homes for Sale | Houses for Sale | MLS Listings ... |
| RealEstate.com provides home listings , homes for sale , REALTORS , house listings , apartment locating services. We have Florida real estate , Texas ... |
| www.realestate.com |
|
| REALTOR.com: Real estate listings & homes for sale |
| Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the US, Canada, and Puerto Rico. |
| www.realtor.com |
|
| Real Estate on Yahoo! Real Estate - Homes, Mortgage Rates, School ... |
| Yahoo! Real Estate is the most comprehensive place for real estate, housing market information, school reports, local mortgage rates and more! |
| realestate.yahoo.com |
|
| Find Your Home Value, House Values and Prices on Yahoo! Real Estate |
| Yahoo! Real Estate - Free instant home values and comparable home valuations for millions of houses. Check your home's price or any house value. |
| realestate.yahoo.com |
|
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses ... |
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses for sale at Realestate.co.nz. |
| www.realestate.co.nz |
|
| Real Estate - Buy, Sell or Rent a Home - New York Times |
| Online real estate listings for properties in New York and nationwide. |
| www.nytimes.com |
|
| Century 21 Real Estate Agents and Brokers |
| Agency with franchised offices throughout the United States, Canada, Europe, Latin America, the Middle East and Asia. Find local offices and agents, ... |
| century21.com |
|
| Zillow - Your Edge in Real Estate |
| Zillow provides a free Home Valuation Tool for Real Estate enthusiasts. Whether you're an agent, broker, buyer of investment property or first time ... |
| www.zillow.com |
|
| STLtoday - Homes |
| Real estate agent revels in the boom in downtown St. Louis living ... [more real estate news as seen in the St. Louis Post-Dispatch] ... |
| www.stltoday.com |
|
| Real estate - Boston.com |
| Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
| www.boston.com |
|
| ABCs of Real Estate |
| Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
| www.realestateabc.com |
|
| washingtonpost.com - Washington DC real estate, Maryland real ... |
| Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
| www.washingtonpost.com |
|
| Coldwell Banker Real Estate Corporation |
| Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Find a home, sales associate ... |
| www.coldwellbanker.com |
|
| Detroit News Online | Real-Estate |
| Sellers around the state have been frustrated with the slow sales patterns of Michigan real estate over the past year or two. But buyers have been enjoying ... |
| www.detnews.com |
|
| Newsday.com - Long Island Real Estate for Nassau County and ... |
| In a real estate market increasingly defined by niches, ... Real Estate Resources. Search by school district for recent home sales in Nassau and Suffolk ... |
| www.newsday.com |
|
| Real Estate for Sale, Rent and Share @ Domain.com.au |
| Real Estate for Sale, Rent and Share @ Domain.com.au. Houses and apartments for sale or rent all over Australia. Thousands of properties in Sydney, ... |
| www.domain.com.au |
|
| Luxury real estate news and features - Forbes.com |
| Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
| www.forbes.com |
|
| Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
| Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
| money.cnn.com |
|
| Los Angeles, California, national and world news, jobs, real ... |
| Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
| www.latimes.com |
|
|