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Articles and Information about Real EstateNetFinancial | Institutions | LoansColleges and Universities | Search Engines Investment Concerns for Selling Your Home
Besides the emotional upheaval of uprooting from your home, your property is most likely the biggest investment you have ever made, and its sale causes financial stress as well. You must protect your investment nest egg and secure your future. Not only do you want the highest sales price, you want to make sure you don't pay too much in selling costs. If you feel comfortable showing your home and handling some details yourself, check out flat-fee real estate brokers who list homes on the MLS for a lower price than the usual six percent commission. However, note that a great listing agent may be able to sell your home for more money and make sure that you don't pay more than your fair share of closing costs. A friend of mine just sold her home. The first offer brought to her had her paying the seller's closing costs. Her listing agent didn't make this clear to her. This is why you must understand what the sales contact means to you, in detail. Her second offer--the one she signed--has the buyers paying their fair share of closing costs, plus they put up a $5,000 deposit and $140,000 down. This secure offer will pay her thousands more than the first offer. Do some research and reading about the selling costs, real estate commissions, and sales price before you list your home. Ask your agents to give you a net sheet. Look at all the costs to you. If you don't understand what an expense means, ask. Don't just consider where you're moving to and how to unload your current house. Keep your emotions under control. Protect your equity. Selling your home and moving on can be a great financial boost to you when you pay attention to the bottom line. Copyright (c) Jeanette J. Fisher. All rights reserved. Jeanette Fisher is the author of real estate and interior design psychology books, including how to "Sell Your Home for Top Dollar--FAST" and "Home Staging for Top-Dollar Sales." For more articles on how to sell your home, see http://www.sellfast.infoFor Home Staging tips, see http://www.homestaging.us
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Title Insurance - Examples of Problems and Advice What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesn't the attorney or settlement company handling the closing see to it that you have a clear title? Isn't this just another way for someone to siphon a few coins off a real estate transaction?Title InsuranceTitle insurance prevents the property owner from suffering financial loss if, at any time during his ownership of the property, someone comes along who can show that they have full, or partial, ownership of the property instead. Every mortgage lender I'm aware of requires title insurance be purchased to cover the amount of the mortgage. Investment Property - Leveraging Rental Property Equity Owning investment property is a tremendous wealth building strategy. Thousands upon thousands of individuals have amassed great wealth by investing in rental properties. Home Inspectors - Negotiating a Lower Price To help you negotiate a fair sale price for a home, it's best to get an appraisal and inspection report. Even if you agree directly with the home seller on a sale price, you may want these items to safeguard the value of your new investment. Building A Home? Want To Ask A Builder The Right Questions - Not The Dumb Ones! These are real builder questions that I got from readers of my e-book, "Residential Development Made Easy" with answers from a major USA Master Builder operating in 48 States.Question 1. Real Estate Growth: How Long Will It Last? There has been speculation in the media recently about the fact that real estate will begin to fail and implode as it can only handle so much growth. In my humble opinion these theories don't hold a lot of merit and here is why. Buying and Selling Distressed Houses for Maximum Profit (Update) If you want to become a real estate investor, find a "fixer-upper" owned by an anxious seller. Finding distressed houses at bargain prices, fixing them up, and then selling them on a consistent basis can make you a multi-millionaire. Buying Rental Property - Avoid Sellers Tricks Be careful when buying rental property. We stayed at a motel for a week one winter. |
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