Real Estate

The Top 5 Things You Need to Know if You Are Buying or Selling a Home

The Top 5 Things You Need to Know if You Are Buying or Selling a Home

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This article was written to address what I consider the really “big ticket” items that simply cannot be ignored when buying or selling a home. These are things that, in my opinion, must be done to start the process of putting a house on the market to sell or to initiate the purchase of a home.

For most of us our homes are the biggest asset we will ever have. Increasingly, it is the one asset by which we have accumulated equity or “wealth” of any significance and by which we can borrow against to restructure debt, use as collateral for lines of credit and even draw on for a retirement fund. Consequently, when we purchase or sell our home it is often much more than just providing for, or changing the roof over our heads.

Happy Birthday Buy To let

Happy Birthday Buy To let

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This summer marks the Tenth anniversary of the buy-to-let mortgage. In July 1996 Mortgage Express (part of the Bradford & Bingley group) were the first to trial a dedicated buy-to-let mortgage product, and currently has a market share of approximately 20 per cent.

Buy-to-let mortgages evolved after new legislation within The Housing Act gave landlords more power to evict tenants who were not keeping up with their rent. In September 1996, the Association of Residential Letting Agents (ARLA) launched these loans via a panel of lenders, and hence the buy-to-let mortgage arrived in the UK property marketplace.

Relaxation of criteria reflects the realisation that buy-to-let is not as risky as lenders first thought. There are now around 70 lenders offering the buy-to-let product however albeit that around 50 per cent of all buy to let loans are written by the 6 members of the ARLA panel:Paragon, GMAC, Mortgage Express, Birmingham Midshires, NatWest and The Mortgage Business.

Top 10 European Countries For Real Estate Property Investors

Top 10 European Countries For Real Estate Property Investors

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If you’re looking to diversify, broaden or even begin your property portfolio consider Europe for your next investment destination.

Europe is host to such a broad range of countries all offering diverse property opportunities – you have everything from emerging market economies with massive potential for sharp growth rates, well established city based rental markets giving great yields and even residential housing markets offering an investor a slow burn on his capital outlay.

Here’s an overview of the potential on offer in the top ten European countries for real estate property investors right now.

Fix And Flip - The Formula

Fix And Flip - The Formula

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Making money with a "fix and flip" property is a great way to make money in real estate. However, it isn't about repairing drywall and planting flowers. It's all about how you do the numbers.

People often buy and sell a fixer-upper without a definite plan. They buy a house, fix it up, then add $10,000 or $20,000 onto their costs. They then put the house up for sale at this price.

Have you ever bought a house according to what the seller has into it? Of course not. You look at similar houses to determine the value. If you have $110,000 into a fix-and-flip project, and similar homes are selling for $105,000, how much will you get? It has nothing to do with what you've spent, does it?

VA Foreclosures Bargain Homes

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VA foreclosures are an excellent source of bargain homes for both investors and home buyers. VA home for sale is the result of a foreclosed government guaranteed veteran loan.

There are less VA foreclosed homes on the market than HUD homes because there are less VA guaranteed veteran loans than FHA loans. Although there are fewer VA foreclosures on the market you still should consider them if you are looking for bargains.

VA home foreclosures are managed by Ocwen Loan Servicing for the Veteran Administration. It is Ocwen responsibility to prepare the VA foreclosed home for market and the marketing of the property.

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