Forcasting a Great Neigborhood to Buy

I have become a huge fan of Barbara Corcoran over the past several months. I love her vibe and advise. I have seen her speak in a number of places from the Today Show on Home Staging and a Millionaire maker show with The Rich Dad Author Robert Kiyosaki, Loral Langemeier, David Bach and more. Anyway, she has a terrific methodology to find great up and coming neighborhoods for investment

I first saw it on the “Millionaire” show and she just posted her process at her Barbara Corcoran blog. Check it out for yourself, but let me give you a couple of her clues that an area is up and coming: (more…)

How Realtors Can Be A Problem

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People don’t normally have an idea how much professional help costs them. Real estate agents are generally helpful but there are some that will cost you money instead of helping you earn it. This happens when the agent is incompetent and arrogant. Some agents keep their clients from naming reasonable offers and as a result, their properties remain unsold, overpriced, and sit there rotting in a deteriorating market. The client usually has no idea that he or she is being victimized.

It’s always good to take your realtor’s advice on how to go about selling your property, but don’t let that be the be-all and end-all of your decisions. In the end, you’re the one making the decisions. Always remain alert and critical of the advice given to you by your real estate agent.

Austin lands in Top 10 for singles moving out of their shack

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In yearly survey conducted by two relocation companies, Austin is one of the 10 desirable cities in the U.S. for moving singles.

Worldwide ERC, based in Washington, D.C., and Primacy Relocation, based in Memphis, Tennessee, worked with survey company Sperling’s BestPlaces to survey the statistical profiles of the 100 largest U.S. metro areas to weigh criteria including male to female ratios, clubs and restaurants, job growth, higher education costs and the prevalence of nightlife. Austin landed eighth out of the 100 surveyed cities.

According to Cris Collie, CEO of Worldwide ERC, “We know that successfully assimilating into a new community facilitates a transferee’s productivity, and as the labor market continues to tighten, opportunities for talented and mobile employees expand, and companies seek more ways to successfully compete for talent, the focus on elements that make relocation more attractive to job candidates becomes more significant.”

Sold!

You closed the sale and paid for the property. So, what’s next? Celebrate and plan your housewarming! But before doing so you should know that a “Sale” is considered closed once the deed of sale has been signed by both the seller and the buyer. But, you have to wait for a few days (more or less 3 days) before the seller can turn over the keys to you and you can start occupying the house. Once you have the keys, you can now start remodeling it or hire for a paint job if you wanted it to get a new look. You can also bring in all your belongings and occupy what you rightfully bought. And, now is the time to go ahead with your plans!

Lease Option Benefits

For those with poor credit history and those who cannot outright buy a residential property, the best selection for you would be the lease option. It’s like rent-to-own, but you’re still given the option to either rent or buy the property.
Here are the benefits:

  • For landlord or investors, the rental that he or she will receive from the tenant will be more upfront.
  • Another benefit for a landlord or an investor is higher rent.
  • Higher sales price is also another benefit for the landlord or investor.
  • In a common or typical rental agreement, the landlord is the one who assumes the maintenance cost of the property.
  • In a lease option agreement, better tenants are attracted.
  • Another benefit of a lease option is that the landlord does not have to totally renovate the residential property.
  • When the property has been sold, the landlord’s responsibilities are lessened
  • Source