Buying or selling a house is often a problem for people all over the world. Getting the right price for a house which you wish to sell is always a matter of concern. Similarly, getting one at affordable rate is also not quite easy. If you wish to buy or sell a house directly from or to a customer you can face certain problems. You may not get the right price, as you do not have enough experience about this. So it is best to contact a realtor or...more
If I had to sell my house, I will certainly opt for rent to own deals in the market. Here are some of the reasons rent-to-own can be beneficial for you as a home seller:1. Higher Purchase Price Rent to own sales typically command a price premium over traditional sales. The buyer is paying extra for the flexibility he receives by not having to do an outright purchase immediately.2. Higher Rent You may be able to charge more for monthly rent in...more
Are you struggling to sell your house or worried about getting a low price? Are you afraid of dealing with tenants if you put your house on rent to-own basis? Then try using a rent-to-own or lease-to-own marketing strategy.The banks are also making it very difficult for people to get home mortgages even though low interest rates are available. In some areas like Chicago, families are hard hit by the recent economic downturn and most of them are trying to reinstate their poor credit scores. Landlords are finding it more difficult to get good enough money for their rental houses.The solution to both of these problems is to use a rent to own agreement and to market the properties as rent to own. If you look at demand/supply statistics on Google for people searching for such rent to own homes then you will find a huge demand and very little supply of rent to own homes in Chicago especially. The laws of economics dictate that the owners of rental houses can make more profit if they can supply that demand.Many people know about rent to own agreements. There is a standard lease with a refundable security deposit. The second contract is an option to purchase the property at a specified...more
For years, investors have been using private money to rehab houses. They find it better than conventional loans offered by banks, credit unions, and other traditional lenders. Rehabbers have a sundry of reasons for tapping this kind of financing and here are some of them.The first is it lets them close deals with zero personal money. If you sought...more
We Americans just love shaking hands with people we are introduced with. While this is not practiced in other cultures, a handshake is a sign of peace, welcoming, and getting to know for Uncle Sam. And if theres one thing you should shake hands with today, thats wholesaling houses.You must get to know this form of real estate investing today, while...more
Due to the instability of the economy at present, there are many home buyers looking for an opportunity to buy a house that can help them pay for their mortgage. These buyers are looking for types of homes which may be in need of renovations and include more space than you need yourself so that you can rent out a room or a suite. Renting out part of your new home can be a great way to help pay for your mortgage and renovations.Look for a house that lends itself well to creating a suite in it; an outside entrance is always preferred for a rental suite when possible. Having a separate entrance for your tenant will avoid many possible problems.If your goal is to buy a home that you can build a rental suite in, make sure before you buy that you can legally build a suite in it so that you can avoid potential zoning problems later on. Ideally, you should make sure that your Realtor knows that you want to build a suite in your new home so that they can assist you in finding a suitable house for your project.Make the rental area as large as possible while still allowing the rest of the home to have ample space for you to live in; a small suite will net you a small amount of rent to help...more
Today, many individuals are seeking to tap into the money-making opportunities being provided by the real estate business. Investing in real estate is great way to rake in huge profits, no matter what the current economic condition is. And one of the...more
Many people would not believe that rehabbing houses is a high-paying job. They think that there is nothing rewarding with fixing dilapidated homes, nothing glamorous. All they see is a rehabber doing odd jobs to a home in disrepair to sell that...more
If you've even remotely considered purchasing a Los Angeles home and receiving the $8,000 Home-Buyer Tax Credit, you may want to start looking for a home immediately. The Los Angeles real estate market inventory of homes has been dropping...more
The real estate recovery continues to roll along with a big 7.4 percent jump in home resales last month, according to the National Association of Realtors.The current sales pace is 44 percent higher than it was the year before, including detached...more
We tend to get over excited on new things. We want to drive a new sedan for a whole day immediately after we bought it; use a personal computer for hours after we get out of the box; always look at the time in a new wristwatch. The same thing happens...more
With the increasing competition in the Philippine real estate market during the recent years, getting your real estate sold at the best possible price during the shortest possible time can prove to be quite a challenging task. This task can be made...more