Archive for May, 2009
Is the Real Estate Market Rebounding?
Along with the weather, the real estate market seems to be getting better.
Stale homes which have stayed the course through the sleet and snow are now hanging sold signs on the front lawns. These properties that have sat for 6 months are now selling in multiple offers. It is almost like a spoiled child syndrome. No one wants to play with it until another child indicates that they like it.
It is not just rumours that properties are selling in multiple offers. I have been involved in two recently and have talked to many colleagues who are finding the same thing. One agent had 11 offers registered on a place in midtown Toronto. That means there are now at least 10 unsatisfied people who are ready to jump on the next ‘right thing’ in Toronto.
We are not seeing the builders or flippers out in droves but they are starting to come out of hibernation. What does this mean? If they get started up again we will definitely see the return of central core Toronto real estate, especially if they can get access to this low interest money.
We were never too far down in prices in the central core, 5%-8%. The media mainly focused on properties that were grossly overpriced in the first place. People overvalue their homes in both good and bad economies.
Are these buyers all just optimistic suckers? Or are they the last of the people who will be getting the “good deals”? The economy seems too fragile right now to set stand in one camp or the other.
I must say that I am not so naive as to think we are in the clear, but I am certainly enjoying the sun while it is shining.
There doesn’t seem to be imminent doom but the fall out of GM and Chrysler has yet to be seen. These are good reasons to keep your money invested in bricks and mortar. People will always need shelter to buy or rent.
I will continue to say that right now is a great time to sell, especially if you are moving laterally, moving up or diversifying your portfolio of real estate.
If the market keeps trucking along like it has this spring Toronto proper seems like it will tighten up, if you look hard there are still some really good prices on properties right now.
Another cause to applaud is the government’s reluctance to change Canada’s immigration policies. Immigration has been a staple when it comes to the health of Toronto’s real estate. Of the 250,000 permanent landed new-Canadians 60% of them move to the GTA. That is exactly what we need to keep stimulating our housing market.
Canada has embraced immigrants in good times as well as bad and has been rewarded with the newcomers strengthening the country’s economy. A lot of newcomers generally are more inclined to own homes. People from Hong Kong, China and India all put a very high importance on home ownership. Quite often their first order of business is to buy a home.
Toronto real estate seems to be in a very healthy space right now. The whole World’s economy seems to be fragile but at least it appears that we are moving in the right direction.
Evan Sage is an award winning Toronto real estate agent. Evan instills in his clients the confidence to make the right purchase or sale decision. He achieves this by demonstrating a superior knowledge of Toronto real estate and by providing a wealth of free resources on his website evansage.com to educate buyers and sellers in Toronto.Article Source:http://www.articlesbase.com/real-estate-articles/is-the-real-estate-market-rebounding-938363.html
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May 27th, 2009 .
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Cash Fast Offers: Strategies for Buying and Selling Real Estate
Cash fast offers allow buyers and sellers to quickly close real estate deals because there is no need for bank financing. Traditional loans take around 30 days to complete, while cash transactions can close within a week, or less.
There are several reasons sellers prefer cash fast offers. One of the most common reasons is to stop foreclosure. This type of transaction is usually accompanied by a short sale. In order to prevent foreclosure, some lenders will accept less than is owed on the mortgage note if the borrower can locate a qualified buyer within a short period of time.
Short sale approval must be obtained through the lender’s loss mitigation department. Caution should be used before entering into short sales. Some lenders persue borrowers for the difference between the sale price and mortgage note balance. This is referred to as a Deficiency Judgment.
Other lenders agree to accept the sale price as full payment. This is the preferred short sale because it allows the seller to walk away without owing on a home they no longer own. This type of short sale is known as Payment in Full without pursuit of Deficiency Judgment.
It is imperative to determine which type of short sale agreement your mortgage lender offers. A deficiency judgment remains on your credit report until it has been repaid in full. If you owe $150,000 on your mortgage and are able to short sale the property for $120,000, you will be responsible for the $30,000 difference.
Another reason sellers seek cash fast offers is to liquidate inheritance property held in probate. When a person dies their estate holdings must be transferred to probate. This process is used to validate the decedent’s Will and assess a value of assets. Probate is also used to determine rightful heirs.
Currently, probate courts are overwhelmed with administrative duties. These delays can cause probate to drag on for months or years; depending on the complexity of the decedent’s estate. During this time, the estate administrator must pay all costs associated with the real estate, as well as outstanding creditor debts.
Oftentimes, estates do not have sufficient funds to pay mortgage payments, property taxes, insurance and maintenance costs. In order to eliminate this financial burden, estate administrators can sell the property.
Buying probate properties requires a visit to local courthouses to view probate records. This information is public record and can be viewed by anyone interested in the estate. Private real estate investors are drawn to probate real estate because oftentimes these properties are in good condition and require little work.
If the decedent owned the property outright, investors usually purchase homes for as little as 60 cents on the dollar. Not only do investors get a great deal, the estate is relieved of responsibilities for maintaining the property and paying taxes and insurance.
Many buyers are electing to buy houses with cash because it has become increasingly difficult to obtain mortgage loans through traditional financial institutions. Cash fast offers provides extra bargaining power because the buyer does not have to wait for bank approval.
Simon Volkov is a private real estate investor who provides cash fast offers on all types of real estate. If you need to sell your house quickly or looking for exceptional real estate deals, visit www.SimonVolkov.com today. Article Source:http://www.articlesbase.com/real-estate-articles/cash-fast-offers-strategies-for-buying-and-selling-real-estate-938418.html
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Why Should You Hire an Agent While Buying Shuswap Lake Real Estate
Shuswap lake real estate is one of the most coveted properties that every real estate investors will be proud of owning it. Whether you are a native of Shuswap or a visitor who wan to invest in the real estate of the place, you can’t ignore the role of a real estate agent in this matter. An efficient agent service understands the requirement of the buyer and compiles them to pick the most relevant options for them so that they can get the best buy. Hence, you should look for an experienced real estate agent once you decide to buy property in Shuswap.
Abundance of Options
When you are investing your hard-earned money in Shuswap real estate, it is acceptable that you want the best deal. It is possible only if you look for several options and select the one that best suits your needs. But, practically, it is a difficult task to collect the information about the houses that are being sold in a particular area. Here comes the role of a real estate agent who has extensive knowledge about the types of real estate being sold and their prices. If you get information about the houses, you can easily contact the owners or if required, visit the houses to make you decision.
Understanding the Current Market Condition
Buying a Shuswap real estate is a tricky affair and you need to understand the market condition of real estate to get the best buy. The prices of real estate are volatile and so are the conditions set by the real estate buyers and sellers. But with the busy schedules and hectic lifestyle, who has the time to study the real estate market? If you hire the agent services, you can get advantage of their knowledge and expertise in the real estate market which will be really useful for you.
Skilled Negotiation
Negotiation plays a key role in buying real estate. While purchasing Shuswap real estate you need understand that the prices of real estate are negotiable. But before that you have to gather knowledge about the value offered for the real estate in that particular area. Again, most of the sellers raise the actual price of their properties to gain benefits out of it. Agent services have clear ideas about these things and they know the art of negotiation so that their clients can get the house that their money worth. A skilled real estate agent can get you find more than you bargain for.
Following the Shuswap Real Estate Laws
The real estate laws differ in different countries. If you have little or no knowledge about the real estate laws it may lead you to troubles. It is essential that you should be guided by someone regarding the property selling and buying laws to avoid future hassles. The real estate agent services can help you in this regard and assist you to follow the right path while signing the papers.
Right from the property search and negotiation to signing the ownership, you need someone to guide you and answer your questions. The agent services can solve your problem related to purchasing Shuswap real estate.
To know more about Shuswap Lake Real Estate in the Shuswap and Mara lakes region, please visit Shuswap real estate. Article Source:http://www.articlesbase.com/real-estate-articles/why-should-you-hire-an-agent-while-buying-shuswap-lake-real-estate-936584.html
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May 26th, 2009 .
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Tips Ensuring Happy Tenancy of Shuswap Cabins for Rent
Shuswap cabins for rent are the best option for the budget conscious vacationers in Shuswap. Many tourists seek for the cabins as they offer privacy and comfort to the tenants that most of the luxurious hotel rooms fail to provide. Moreover, the cabins are suitable places if you are looking forward to a long term vacation in this place. As you can enjoy numerous outdoor activities in Shuswap along with its natural beauty, it is your choice of cabin that can really make your stay enjoyable. The first step towards a pleasure vacation is to get one of the best furnished Shuswap cabins for rent. That apart, you have to ensure that you are getting the best price deal and best terms of your stay.
Check the Documents Properly
When you take one of the Shuswap cabins for rent, you will have to sign certain papers for the occupancy for a certain period of time. The owner of the cabin may put some conditions regarding the maintenance of the property for your stay. There may be conditions regarding leaving the cabin or extension of the stay. Carefully study about the payment mode and lease terms. It is crucial that you need to read between the lines of the documents before signing below the dotted lines. The agreement papers should mention the conditions that are convenient for both the tenants and the owners. If you feel something to be unreasonable you can ask the owner of the cabin to change it and maintain flexibility in specific conditions.
Obey the Rules
For your pleasant tenancy in the Shuswap cabins for rent, it is important that you need to be a good boarder. Obeying the rules of the agreements will definitely increase your credibility. For instance, if you want to extend your stay in Shuswap and stay in the same cabin, you should inform it to the manager much before the agreement expires. You may find some rules regarding the maintenance of the cabins and if you follow them properly you will enjoy your staying in the cabin as well as your vacation. Moreover, you need to pay your rental on time to maintain a good relation.
Maintain the Property Carefully
When you are selecting a Shuswap cabin for rent, you are selecting your home away from your home. You are paying attention to every aspect of the cabin while selecting it. Hence, you need to be equally careful about the maintenance of the cabin. It is a better idea to clean the property regularly; after all you have to stay there for your long-term or short-term vacation. After entering the cabin, immediately report about the maintenance and repair to avoid further damage. If you break something, make sure that you immediately report it to the owner and get it fixed. These small efforts on your part can avoid many hassles.
If you really want to enjoy your occupancy of the accommodation, you have to research the market and select the proper Shuswap cabins for rent keeping in mind your budget, duration of vacation and the members of your family.
To know more about Shuswap Cabins for Rent in the Shuswap and Mara lakes region, please visit Shuswap real estate. Article Source:http://www.articlesbase.com/real-estate-articles/tips-ensuring-happy-tenancy-of-shuswap-cabins-for-rent-936622.html
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May 26th, 2009 .
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Quick Tips on Selling a House in Houston
As a homeowner aiming to sell your house fast, you may ask why some houses have a number of viewings after its first week on the market, and similar ones seems to be left behind with no attention? The truth is that selling a house as quickly as possible is basic enough to be predicted by home sellers, but uncommon enough to stay as a phenomenon in the marketplace. It’s a question of preparedness. This entails the houses being sold fast are more well equipped to take on a new occupant. Sure enough, the price and the location are the major factors why some houses look more attractive to home buyers, however, there are also more aspects to consider than what meets the buyer’s eye. If you are selling a house in houston, you need to know the basics. So what are they?
Knowing the basics of selling a house in Houston helps to ensure you will take that contract as soon as possible. First, you need to find a top-grade real estate agent. The reason behind this is that the more qualified and expert your agent is, the higher the probabilities that your house can be sold quickly. They can also guarantee to help you out with this. Although they cannot anticipate or predict the exact value of the property, they can at least discuss with you the price trends history in the market. So the key point here is to find a trusted and reputable source for real estate services. Another thing is for you to make actions in order to get your house noticed. This is where you can show your creative imagination and other skills. This is significant so that you may take hold of the prospective buyer’s attention.
You might not be aware of this but selling a house in Houston is the result of an excellent marketing sells. So if you think you don’t have that then go find some help of someone who can. The experts in real estate can help you set up the biggest ad campaign you can manage. A lot of houses are sold daily, so how can you be sure the buyers would even discover your house? Now you can always play the role of a buyer. Put your feet in the buyer’s shoes and keep an eye on your property. Do you see anything that would make them think your house is good and ready enough to be sold? You can bid incentives as well. A closing cost for example may help propel the prospective buyers to quicken their determination and they may decide to buy your house.
Some people may think that in a competitive marketplace, quick sells are by way of luck. But this is not the case here. If you are selling a house in Houston Texas and the surrounding areas, and you are starting to be desperate after having tried all the means you can then you ask some help of the experts in the field. By doing so you do not have to be distressed of losing your house forever. Again, keep in mind that waiting for the so called luck will not quicken the proccess. What you need is preparation and some great help from the real estate experts.
If you are Selling a House in Houston,there is only one person to call. Terry Wygal also known as The Quick House Buyer, as the name suggests, will buy your house quickly. He can also help you save your house from foreclosures.Terry can help you Stop Foreclosure in Houston,Katy,Spring,Atascocita,Kingwood and Humble Texas areas. Article Source:http://www.articlesbase.com/real-estate-articles/quick-tips-on-selling-a-house-in-houston-935503.html
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May 25th, 2009 .
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How to Stop Foreclosure In Houston Texas
If you are a homeowner in the Houston,Texas areas who is on the verge of having some serious financial troubles then there’s no need for you to worry. Do you think a foreclosure can’t be stopped, and that your situation is beyond hope? At some point, you have dropped off your remaining hopes but consider it as you can Stop that Foreclosure, Save your Home, Save your Credit and Save your Equity in reality. Here are some tips on how to stop foreclosure in Houston Texas or if you are in the surrounding areas, Katy, Spring, Kingwood, Humble, and Atascocita.
If you are headed toward foreclosure,or already in foreclosure, you have to acknowledge your rights and choices available to you. Perhaps you are surprised to find out that there are actually various alternatives available to you if you are currently in foreclosure or sense you are about to experience foreclosure. Think of this, if you would like to save your home and you’ve got equity,lenders may direct you to respective loan plans applicable to your situation. There are lenders who will refinance individuals in foreclosure. Typically, it will be laid at a higher interest rate but the crucial point is that you will save your home. Now you have an idea on how to stop foreclosure in Houston and the surrounding areas, Katy, Spring, Kingwood, Humble, and Atascocita Texas. In addition to the previously mentioned tips, you might as well ask a little costless advice on how to deal out with your lender and ramp up a reinstatement plan that does not necessitate refinancing. On the other hand, family and friends are always available for any help they can offer. You may be amazed that friends and family may be able to help out without anything in return. Unlike other people who will take advantage of your desperate situation they extend some help without you having to reciprocate them rigt? They may not assure you that they can, and you may find it hard to ask for support and assistance. But if you don’t ask, they will not know till it’s too late. Some other option is that you may be better off by selling your house and starting up anew. Last but not the least, you can let the house go back to the lender or in some other cases the city on a tax foreclosure.
Never forget the fact that you have a lot to lose if you do nothing as soon as possible. It could be your home, your credit, your peace of mind and your future. Take action now by contacting a qualified and quick house buyer. If you’re in arrears on your house defrayals and don’t have a prompt plan to bring around your default, it’s just a weigh of time that your name appears on the public records as someone in distress. And so you will have to bargain with a barrage of real estate agents, mortgage brokers and real property investors aiming to get the best out of your misfortune. Nevertheless, there are qualified and trusted real estate agents who may be more than willing to assist you on how to stop foreclosure in Houston Texas and you can always seek for their honest to goodness advice.
Terry Wygal is a renowned Real Investor, mentor and Coach. If you want to know How to Stop Foreclosure in Houston, Katy, Spring, Kingwood, Humble, and Atascocita, there is only one person to call. He can also help if you are Selling Your House in Houston Texas and the surrounding areas. Article Source:http://www.articlesbase.com/real-estate-articles/how-to-stop-foreclosure-in-houston-texas-935509.html
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May 25th, 2009 .
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Indian Properties are the Big Pan Cakes for Foreign Investors
Buying Indian property is the dream of both Indians as well as for many foreign investors. It can be better understood by the prevalent scene in the Indian realty market. Although the shivering global economy has hampered the cash in the market yet they are trying hard to streamline the flow of cash into the market. And surprisingly, the cash is getting available and the worst victims of recession period are taking a sigh of relief.
Buying and selling of properties takes place through out the world. However, the rate of buying and selling of Indian properties is quite high. The opening of international branches of many multinational companies in the present time has attracted many foreign investors to invest their money into the building of rich infrastructure. Why people from different parts of the world like to put their money into the Indian market? The reason for this is quite simple as Indian properties are offering higher interest rates and because of this reason overseas investors like to invest their money only in this developing country.
Everybody wants to earn money and investment in Indian properties is a bright idea. Apart from the metropolitan cities, even the smaller cities are also developing in a faster way. Nowadays, Indian joint families are breaking into nuclear families and the need of apartments has increased a lot. Many internationally known realty companies are building new homes for the growing Indians.
In the last few years foreign investors who invested their little amount of money had received huge interests which went above their expectations. The upcoming of malls and multiplexes in various cities in India are the finest examples of the development of commercial properties. Indian folks working in the big cities are buying state-of-the-art residential apartments at the cheapest rates. On the other hand, many Indians have received lots of profits on selling their apartments in the present market. There’s no doubt that Indian properties give the highest dividends which make Indians rich and happy.
Ankita Tyagi is expert content writer on real estate and Indian properties. For more details on residential and industrial property india visit:- NextGenProperty.co.in Article Source:http://www.articlesbase.com/real-estate-articles/indian-properties-are-the-big-pan-cakes-for-foreign-investors-933008.html
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May 24th, 2009 .
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Become a Real Estate Bird Dog to reach Success in No money Down Investing!
Real Estate Bird Dog Training
There are a few things that you must learn in order to be successful at real estate investing. The fastest way to achieve maximum success in real estate is start from a level where you don’t have to invest much cash into finding your way. Becoming a real estate bird dog teaches you how to find properties, locate buyers and put the whole process together.
In today’s real estate market there is a huge opportunity for those new investors, property locators or real estate bird dogs. Homes are going into foreclosure and those owners need help to stop their foreclosure and there are plenty of buyers looking for great deals. That is why being a real estate bird dog is the perfect solution for new investors to learn the ropes.
A few things you must know to be successful at real estate bird dogging:
- Find Buyers
- Locate Sellers
- Present the Information
Finding your Buyers
The first thing you should do is build your buyers list of investors that are currently looking for good deals. Your buyers equal the cash you need to close any good deal you may find. You should want at least 20 serious buyers to unload any properties you find. There are so many ways to find buyers for you deals and a few are to place your own ad in the newspaper, place an ad on craigslist to find some buyers as well as backpage.
You can find buyers by also linking up with an investor that can show you the ropes.
Locate Sellers
Once you have your buyers lined up you want to come up with some products to show them. Any good deal you find is your money so you need to get very good at finding deals for your buyers. There is an abundant of buyers in this market because now all the bargain hunters are out looking for killer deals.
A few ways to find your sellers are the newspaper, for sale signs in the yard, and placing your own ads in the newspaper and on craigslist. The best way to produce leads is from the use of the internet, if you don’t have a good internet presence then you can work with someone that has already put in the grunt work.
Presenting your Deals
Now that you have your buyer and a property for your buyer, as an efficient real estate bird dog, you want to have everything laid out for your buyer. The reason you want to present your deals to your buyers is first and foremost you want to look professional. Professionals get paid more than those that shoot from the hip.
A few things you want to have together for your buyer to ensure more than $500 per deal are as followed:
- Property Address
- Asking Price
- Location of city
- Type of house
- Pictures outside are ok (preferably inside as well)
- Pictures of houses in the neighborhood
- A brief assessment of the house
- Email Account
- Internet Access
Provide all of those into a package and you will ensure that your buyers will love it when you come around because all they have to do is research the numbers and tell you if there is a deal or not.
Summary
You can make some really good cash if you master how to place buyers and sellers in the same room so you can step in to make a quick profit. Once you learn everything you need to learn about your local real estate market, you can start to dictate how much money you make for the month.
Donte Mazyck is the acquistions manager for BofC a web based company that buys houses. BofC teaches and train new investors for free how to become real estate bird dogs or efficient property locators. The reason BofC provides free training is to eventually become joint venture partners with bird dogs so the bird dog can service leads for their local city. BofC only wants one partner per city. For more information you can go to Real Estate Bird Dog or by calling 888-219-8619 ex 750. Article Source:http://www.articlesbase.com/real-estate-articles/become-a-real-estate-bird-dog-to-reach-success-in-no-money-down-investing-933756.html
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May 24th, 2009 .
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Spring Time Renovations Of Your Property
Spring renovations of your home this spring? Make sure that you are properly prepared to paint your residence or commercial property. A quick coat of paint can well improve appearances greatly and even increase the value and saleability of real estate. Still there are a couple of basic tools needed in addition to elbow grease.
In addition to a good paint brush, a quality roller cover is one of those essentials. As with paint brushes, professional quality equipment generally costs only a few dollars more than the low end stuff, but the difference it makes in ease of use and the quality of the finished product makes the small additional expense more than worth it.
A painting roller cover is basically a long hollow tube covered with fabric, foam or other materials. It fits over the cage on the “roller frame” and is what actually holds and applies the paint. There is a huge selection of roller covers that you will find available on the market at your local hardware and do-it-yourself local fix it and upgrade stores for the local handymen. And handy people. However they should all fit on the standard frames of the painting rollers, you will only need a couple of them. Hence you can easily mix and match the covers, which you purchase, to suit just about any and all painting situations that you will encounter on your home and property renovations.
That being said there are several different types of fabrics and other materials that are used to make roller covers. Choosing the right type for the right job can sometimes be downright confusing if not frustrating. Which and what type that you select for your project can be dependent on the type of paint or other finish that you are painting as well the type of finish that you want to achieve . For example the finish could be smooth or textured in appearance
Choice one may be rollers made of synthetic fabrics. Often rollers that are made up of a blend of synthetic fabrics are a proprietary nature developed specifically by that manufacturer specifically for certain painting needs and uses. If that is the case then follow the manufacturer’s instructions for that product. The instructions that are detailed with the unit should well list what that manufacturer lists as being acceptable use for that product.
In general synthetic fabric covers are suitable for most types of latex as well as oil based paints, making them good all purpose covers. They are typically not rated for use with such coatings as polyurethane and epoxy
Next in line when it comes to painting roller covers are lamb’s wool and lamb’s wool blend products. Lamb’s wool covers are generally softer than synthetic covers themselves. They will absorb more paint with less paint spatter. 100 % lambs wool covers are typically suitable for all paints including latex. , but they actually work best with oil based paints. In terms of final product, being smoother, by using a lamb’s wool based roller you finished product will usually be finisher faster and smoother with a more uniform, polished finish
Lastly when it comes to label descriptions and specifications there are a couple points to watch for when choosing your paint roller cover. “Nap length” refers to how long the actual fibers on the roller covers are. Naps range in size from a 1/8 Th of an inch to a full 1 ¼ inches. Regardless of what type of fiber you are using you can follow two simple rules of professional painters and professional painting when making your choices.
First of all shorter naps generally hold less paint as well as leaving less texture on the surface, while longer naps hold more paint and leave more texture behind. Secondly the smoother the surface that you are painting, the shorter the nap should be , whereas as conversely the rougher the surface to be worked and painted on , the longer the nap of the fabric covering the roller should be.
Have fun on your spring time painting projects on your properties and real estate.
Affordable Rural Manitoba Real Estate Properties for Sale - Gimli,Lake Winnipeg beaches, Whiteshell Lake of the Woods N.W. Ontario Manitoba Vacation Property Rentals by owners . Appeal City Winnipeg Property Tax Article Source:http://www.articlesbase.com/real-estate-articles/spring-time-renovations-of-your-property–933069.html
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May 24th, 2009 .
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Why Are You Still Renting?
Are you still throwing your money away on rent? Really, think about it. Every month you write that check and give to the landlord, never to be seen again as it disappears into his pocket.
Being a land lord has got to be one of the easiest jobs there is. He buys a house, just like you could, then lets someone live there while he builds equity and makes profit. Sure once in while he may have to fix something, or paint or whatever, but overall it’s a very stress free and profitable existence.
I’m not suggesting you should become a landlord, although if you did you could be taking some other poor saps money, what I am suggesting is that you look into buying. Did you know that it’s very possible, likely even, that you could be laying out less cash every month on a Mortgage than on rent.
When you own a home you in essence have a place to live for free. Every month when you make a payment on your house your building equity. Equity is money. That doesn’t even include the improvements you make. More money.
Then there’s the tax benefits. Every year when you file your tax returns for the money the Government has been holding for you, you can write off your house. Not the whole house of course, but things like mortgage interest and real estate taxes. There are write offs for making your home more energy efficient. First time home buyer write offs. In fact,this year, 2009, the Government will even give you $8000 to buy a house.
I have a story about a young man who used to work for me. He and his girlfriend rented. Every month throwing that money away, and every month complaining about it. Every month I told him “then stop it, go find a house to buy. It’s really not that difficult. Doesn’t have to be a dream house, just STOP paying rent! Later you can sell it when you want to move up, and make money instead of throwing it away!.”
Well, he did. Him and the girlfriend went out, found a small house with a nice yard, went to the bank and now they are proud homeowners investing their money in their future rather than wasting it. He is so happy. When I see him now he’s bragging about his latest remodel project, or his garden or what he’s doing with the money he’s saving. It’s really nice to see him so happy as opposed to complaining about being broke all the time. The whole process took less than a month, and he even broke his old lease because the numbers worked in his favor.
Here is an open question posted by a renter on a real estate site that asked
“I pay $800/mo. for 1 bed apt., should I just find a home for rent and hope there’s an option to buy?”
Here is the answer,
“In all honesty you should try and buy a home and quit enriching your landlord, start building some equity for yourself and become a proud home owner. Often times in that price range, $800, you will lay out less cash every month for a nicer place that is your own. It’s also a great way to hold on to your money and even grow it. Now is a good time too as economic indicators are pointing to an improvement in the economy which will mean higher prices and interest rates in the near future.”
So why are still renting?
Twenty years in the business of building homes makes me uniquely qualified to help you find yours! Article Source:http://www.articlesbase.com/real-estate-articles/why-are-you-still-renting-933106.html
Joel Weihe, Realtor.
www.wichitahomesearch.net
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May 24th, 2009 .
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