Who doesn’t like something new? New things look good and come with fewer worries. You don’t have to worry about the treatment they got from previous owners, because you’re the first. This goes for new homes, too. Buying a newer home, there’s not as much to assess, it seems. That’s the main advantage. You don’t…
While the housing market is looking good for a rebound this year, the market remains flooded with inventory. Houses with bargain basement prices are still slow to sell in some places, and abandoned foreclosures are suffering from self esteem problems and in need of good owners to love them. If you have a bit…
Many real estate developers purchase derelict houses for an unbelievably low price, knock it down, rebuild it and either flip or rent it. Although this can be incredibly profitable for some people, others may unearth problems during the building process which cause them to make a loss on their development project. If you’re considering building…
Are there any advantages to buying an older home like this one in Boston from 1900? An old house could be rundown, it could need repairs and it could have unforeseen problems. But there’s a reason why it’s made it more than 100 years. It’s well-made with expert craftsmanship. And it’s got old-world charm. Fireplaces to…
Do you need insurance on your home if a natural disaster occurs? It depends. Where do you live? If you’re in Kansas and your area is prone to tornadoes, don’t worry. Your homeowner’s insurance (HOI) most likely covers damage caused by a tornado. If you’re in California, in an area likely to be hit by…
One thing that all current and future home buyers want is a great deal. But something they need to keep in mind is that a certain amount of money (let’s say $200,000) will buy much more house in some cities than in others. That’s where today’s real estate news article comes in. Utilizing their Zillow…
Many people lost their homes when the real estate bubble burst several years back. Some may think it was because the majority made bad decisions due to the fact that they didn’t know better — they just weren’t financial experts. Except this guy was a financial expert. Carl Richards is a financial adviser, speaker, writer,…
Did that headline grab your attention? It sure did mine. It’s true, foreclosed homes currently held by the U.S. Department of Housing and Urban Development (HUD) are being offered from now until October 2012 for only $100 down. So why offer this ridiculously good deal? Because, like other federal entities, HUD doesn’t like these homes…
Bigger isn’t always better. Everyone’s heard this adage before, but never has it been more true than in this unemployment-prone, recession-era real estate market. Prior to the housing bubble bursting, many homeowners wanted sprawling estates and mini-mansions decked out with all the niceties of First World living. Now, however, in the age of 9.1% unemployment…
According to the National Association of Realtors 2011 Report regarding investment and vacation home sales during 2010, the report revealed that these sales were quite steady. Vacation homes sales represented 10% of all sales transactions during 2010, while investment sales presented 17%, unchanged from 2009. Statistics show that with tight credit conditions, a large number…
