| Real Estate investment for young generation |
|
|
|
|
|
splinter7
Member
Cash: $ 3.60
Posts: 18
Joined: 12 Jan 2010
Location: U.S.
|
|
 |
|
Untrue Waterfront Homes.
If you are honest and knowledgable and have been or know a broker personally you would not say this.
I expect that there are some people/busnesses who maintain honest business relationships and do not collude. In my experience, if the bank/broker wants to do the deal it will not be held up by the appraisal. Though, it will be held up if the inspection reveals a crucial problem.
Value is determined by what people are willing to pay for the property. Tax value is something else completely. Don't confuse the two.
A property is worth what you would pay or what others would pay as you do not want to pay more than 1 cent more than what another would pay, simple economics.
A good way to do a deal is to negotiate a acceptable price and then ask for cash or other money to cover the transaction cost. The seller will be more willing to not execute the deal as you encroach offers by other interested buyers.
The acceptable price should be revealed through comparison of similar sized property sales in the neighborhood (not the greater area). Add or subtract for differences in proximity to undesired areas and in ammenities.
If a property is priced well you will end up paying between 91 and 96 percent of asking price.
Also, don't let your realtor keep you from low balling the seller since realtors make more if you pay more (in fact, nearly everyone excect the buyer benefits from the sales price being higher and from the transaction moving swiftly). There are lots of houses on the market in every city. If the seller doesn't want the deal, let them make the house/insurance/tax/utilities/upkeep payments for the additionaly months while they have to wait to sell and you move into their neighbor's house.
The most important factors in the decision are can you live there in comfort, do you feel good with the price you are paying given the pros and cons and can you actually afford it with the upkeep. If you are young, you may also want to consider the likelyhood/ease that you can actually sell the thing when the time comes (your treasure might be others' trash).
|
Wed Jan 20, 2010 7:20 pm |
|
|
vincy
New Member
Cash: $ 1.05
Posts: 5
Joined: 23 Jan 2010
Location: U.K
|
|
|
|
Hello Friends
A investor should decide whether his investment goals are long term or short term. As the investor keeps paying the mortgage amount, his dues becomes less and his equity in the property increases which adds to the overall net worth. If an investor does a real estate investment for short term he can earn a decent profit.
Good location also plays an important part while investing in a property. When you plan to buy or rent a property, the first thing that comes to mind is this is a place where someone is going to live. You can improve the property but can't move the location.
If you find foreclosure property or HUD repossessions then you get a good amount of profit from the property. If you want to find good places for bargains, take a look at local newspapers, courthouses and real estate investor websites that will enlist all types of properties.
Take time to study the property. Take your time to become familiar with the property. Do a thorough analysis of the real estate before telling "yes". If you find certain complications in the property then it would be better to say "no".
Have a nice day
Immigration lawyer
|
|
Sat Jan 23, 2010 5:10 am |
|
|
alexender
Contributing Member
Cash: $ 7.00
Posts: 35
Joined: 06 Feb 2010
|
Investing needs a lot of research and needs a huge amount of backing too. You need to know the time period for which you want to invest your money weather long term or short term. It is a good knowledgeable post for all.
http://www.fharemortgage.com/FhaFixedRate.aspx
|
|
Thu Feb 11, 2010 2:10 pm |
|
|
namratasnv
Preferred Member
Cash: $ 25.25
Posts: 126
Joined: 24 Jul 2009
|
Hello !!
Yes the appraisal is the very important factor for the investment in the real estate but apart from that the Goals should be set prior before doing any thing.so one can not relay on the things going on.
One should be very much aware from the fact that up and down are always there in real estate.
Thanks
http://www.connecticutwebuyhouses.com/
|
|
Sat Mar 06, 2010 7:37 am |
|
|
|
