Real estate agents have full access to MLS information that is not available to the general public. Agents can see a home’s offers and offers that fell through, plus a complete listing history with different brokers even if the public MLS information only indicates that the home is newly listed. Read more…
One can wait for a real estate market reversal if you are not in a rush. However, trying to time the real estate market is difficult for anyone from amateurs to professionals. How many home buyers got caught up in the real estate investing frenzy before the 2008 financial crisis? Read more…
A newly renovated house by an owner that has never lived in it, may not always retain a high value. It is important to inspect a house completed purely for flipping more closely than a home that was the seller’s primary residence because the flipper makes money on building with Read more…
A house makes a good investment towards building equity. At the same time when you are ready to sell your home, there is no capital gains tax on any net profit less than $250,000 per individual (and up to $500,000 per married couple). That means an individual is saving about Read more…
Imagining where your home will be built by the developer does not have to be as difficult as it appears when choosing a square on a development map. Select the higher grounds away from the bottom of the hill to avoid flooding possibilities. Take the time to walk through the Read more…
Your agent, who will be guiding you through the buyer rebate on your home purchase, should also be able to recommend real estate attorneys that they have worked with. Request someone who is responsive with returning calls, responding to emails, and meeting deadlines. In general, the real estate attorney will Read more…
Co-ops target home buyers who intend to live in their co-op purchase as a primary residence. Buying a co-op requires a board package of 2-3 years of tax returns, references, and a board interview because co-op boards look for potential like-minded shareholders who buy into the co-op community. These become Read more…
Buying a condo is very similar to buying a house without the responsibilities of maintaining the exteriors of the house and sidewalks. In addition, you are joining a community with share common areas and amenities. A condo offers more flexibility than a house in that a condo can range from Read more…
Besides getting a buyer rebate when working with the right buyer agents, they are often the ones that know their local real estate market like the back of their hand. They have a way of knowing who’s interested in selling their homes and who are the motivated sellers because it Read more…
One of the obstacles that co-op buyers face is the preparation of a Co-op Board Package that helps the Co-op Board in approving the co-op purchase into their building. Even if a buyer decides to pay for the co-op 100% in cash, the Co-op Board can still reject the purchase Read more…