Evaluating a properties neighborhood is a critical first step in the purchasing process. In fact, experts believe that starting with a small set of target communities is a good way to optimize your property search. Key features to consider when evaluating a neighborhood are: Location Schools district Crime Rate Employment Opportunities Walkability and accessibility Entertainment… Continue reading Key features to consider when evaluating a neighborhood
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Needs vs. Wants
After you determine what you can afford, it’s time to start searching for your dream first home. Keep in mind that you may not find everything you want within your given budget. You will need to make some sacrifices. This is why it is helpful to keep of list of Needs and Wants. Your needs… Continue reading Needs vs. Wants
Resources
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Real Estate Investing Vocabulary
Market Value This term is used interchangeably with open market value and fair value. It refers to the price at which a property will exchange ownership during the valuation date and where both the buyer and seller acted on their own accord. It is the price at which the asset (or liability) would sell in… Continue reading Real Estate Investing Vocabulary
Best Practices In Real Estate Loans
If you are in the market for a new or first time house mortgage its important to understand the basic of a mortgage. This article starts at the basic and will explain you about a mortgage and different types of mortgages. What are Mortgages You can take out a debt (loan) called mortgage to buy… Continue reading Best Practices In Real Estate Loans
How Do Real Estate Investors Profit?
In this article, I’ll share how investors profit through from owning real estate properties. Typically owners profit through one or more the following ways: Asset appreciation Rental or Lease income Commissions Water rights Mineral rights Ancillary Income Asset Appreciation The first why owners profit is through asset appreciation. A real estate property appreciates (goes up)… Continue reading How Do Real Estate Investors Profit?
