tag:blogger.com,1999:blog-212075882024-02-28T05:14:45.100-05:00Inside Real Estate InfoWhether you are buying or selling a home or investing in real estate, this is the place for consolidated real estate news, views, tips and events. Prepare yourself with the information neccesary to minimize your costs and to maximize your profits and investment strategies.Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comBlogger209125tag:blogger.com,1999:blog-21207588.post-13262941020633430752008-06-24T08:00:00.000-04:002008-06-24T14:34:29.158-04:00Who Do I Call When I Need An Inspection For A Brooklyn Home?<P><div id="body"><P>Home inspecting in Brooklyn requires a passion for excellence, and a genuine interest in people and homes. Creating an opportunity to serve, it is a very personal service. Inspectors have reported a great<a name='more'></a> feeling they get when they alone, of all the people in the room, actually see, feel and hear what the house is telling him/her about itself. It is also that moment in time when all parties to a transaction are looking at him/her and listening to what they have to say because of the client's absolute faith in the inspector's professionalism. Home inspecting is a talent that cannot be bought, a dedication that cannot be undermined, integrity that cannot be stolen away, and a compassion for his/her work and the client that cannot be taught. Inspectors should manage the client expectations, so the client will know what to expect ahead of time, that is why it is better to under promise, and over deliver. Home inspecting is the fine art of practicing a craft without so much as approaching the appearance of a conflict of interest.<P>Home inspectors have the ability to select their own agents and clients, based on how closely the clients values and ethics meet their own expectations; rather than being controlled by others ethics. Yet it is the easiest job to fail in, and the hardest job to succeed in, if their heart is not in the right place. The inspector's responsibility is to identify major deficiencies and safety issues in a new home, so the client can reduce the risks that come with home ownership or with any real estate transaction.<P>The client should be present at the time of inspection, which takes anywhere from 2-3 hours, depending on the size and condition of the home. Payment by cash or check is expected at the time of the inspection. The quality of an inspection will depend on what the inspector knows and how well he can communicate it to the client. The fact that the company hired to do the inspection is large or a franchise, with offices throughout the country, won't matter if the person doing the inspection is not trained properly. The home inspector should provide to the client a written document or report specifying the scope of the inspection, including defects in or repairs needed to the structural elements, systems, and subsystems that were inspected, along with any recommendation that certain experts be retained to determine the extent and corrective action necessary for such defects, as well as faulty, inadequate, inefficient, or unsafe electrical and plumbing, low-voltage wiring, utility contracting, and conditioned air installations that are faulty or inadequate. Electrical boxes are inspected, water temperature, and furnace operation is checked, wood destroying insects, plumbing issues, framing, safety issues, and maintenance issues are also covered in the report. One of the most common things found on inspections is moisture in the crawl space or basement, along the foundation walls.<P>A thorough home inspection report, along with the seller's disclosure statement; may prevent unexpected repairs or problems with the transaction after listing the property. The few hundred dollars that comes out of the client's pocket, to hire a home inspector or the time invested into learning how to conduct a proper home inspection, is negligible as compared to the dollars the client could be out of, if he/she doesn't know all that they should be aware of, when buying, selling or owning any property. To realize the importance of getting a home inspection is to understand the significance of knowing exactly what you are spending your hard earned money on and protecting that investment by ensuring all of your questions are answered by a highly experienced, professional, knowledgeable, unbiased third party. With a properly done home inspection and a thorough investigation of any potential red flags found during the inspection, you will most assuredly be able to realize the joy, comfort and well being of knowing you are making a wise decision. A licensed home inspector conducts inspections on behalf of Brooklyn municipalities or Kings County, pursuant to Code Section10 8-2-26.<P>In closing, being that the inspector has the opportunity to provide Brooklyn residents with home inspection services; it is a very personal business. The wisest decision is to make an appointment with Olympian Civil Home and Building Inspections, for professionalism, efficiency, and expertise in home inspection services for all Brooklyn residents. Contact Inspector D. Kanakis, at (718) 833-1252 or toll-free at (866) 476-2056 and an order an inspection today. Olympian is the most revered and referred inspection firm in the business making it the leading inspection firm out there.<P>Olympian Civil Home and Building Inspections (866) 476-2056<P>Copyright © 2008 Olympian Civil Home and Building Inspectors, 2008 All Rights Reserved</div> <br><P><a target="_new" href="http://www.olympiancares.com/home_inspection_brooklyn.htm">http://www.olympiancares.com/home_inspection_brooklyn.htm</a><P><a target="_new" href="http://www.olympiancares.com">http://www.olympiancares.com</a><P><a target="_new" href="http://www.olympiancares.com/olympian4.htm">http://www.olympiancares.com/olympian4.htm</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Dennis_Kanakis">http://EzineArticles.com/?expert=Dennis_Kanakis</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-46574512567149441762008-06-23T07:52:00.000-04:002008-06-23T07:53:55.406-04:00What is PMI?<P><div id="body"><P>You have probably seen the initials PMI when you have applied for a home loan. If you are paying PMI, also known as Private Mortgage Insurance, it is probably because you put less than 20% down on your home<a name='more'></a> mortgage.<P>PMI can be defined as an insurance that is required to protect the lender in the event the borrower defaults on their loan. PMI is paid for by the borrower and is included in each monthly mortgage payment. Private mortgage-insurance companies offer the insurance to lenders, who then are able to accept lower down payments than they would normally accept. The insurance then provides what the equity of a higher down payment would provide to cover a lender's losses in the unfortunate event of foreclosure. Therefore, without mortgage insurance, you might not be able to buy a home without a 20% down payment.<P>The cost of PMI increases as your down payment decreases. For example: The cost of PMI on a 10% down payment is less than the cost of PMI on a 5% down payment. Your PMI premium is normally added to your monthly mortgage payment.<P>The decision on when to cancel the private insurance coverage does not depend solely on the amount of equity in you home. The final say on terminating a private mortgage-insurance policy is reserved jointly for the lender and any investor who may have purchased an interest in the mortgage. However, in most cases, the lender will allow cancellation of mortgage insurance when the loan is paid down to 80% of the original property value. Some lenders may require that you pay PMI for one or two years before you may apply to remove it.<P>To cancel the PMI on your loan, you must contact your lender. In most cases, an appraisal will be required to determine the value of your property. You will probably also be required to pay for the cost of this appraisal. Another way of canceling the PMI on your loan is to refinance and to get a new loan without PMI.<P>At one time, homeowners didn't know they had the option of canceling their PMI. Then, in 1998, a new federal law called The Homeowner's Protection Act (HPA) required lenders or servicers to provide certain disclosures concerning PMI for loans secured by the consumer's primary residence obtained on or after July 29, 1999.<P>In the past, most lenders honored consumers' requests to drop PMI coverage if their loan balance was paid down to 80 percent of the property value and they had a good payment history. However, consumers were responsible for requesting cancellation and many consumers were not aware of this possibility. Consumers had to keep track of their loan balance to know if they had enough equity and they had to request that the lender discontinue requiring PMI coverage. In many cases, people failed to make this request even after they became eligible, and they paid unnecessary premiums ranging from $250 to $1,200 per year for several years. With the new law, both consumers and lenders share responsibility for how long PMI coverage is required.<P>Under HPA, you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals 80 percent of the original purchase price or appraised value of your home at the time the loan was obtained, whichever is less. You also need a good payment history, meaning that you have not been 30 days late with your mortgage payment within a year of your request, or 60 days late within two years. Your lender may require evidence that the value of the property has not declined below its original value and that the property does not have a second mortgage, such as a home equity loan.</div> <br><P>Greg Sullivan is the President of <a target=_"new" href="http://www.electronicappraiser.com">http://www.electronicappraiser.com</a>, a leading provider of home appraisals offering a nationwide personalized instant <a target=_"new" href="http://www.electronicappraiser.com">home appraisal</a> service. For more information, please visit <a target=_"new" href="http://www.electronicappraiser.com">http://www.electronicappraiser.com</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Greg_Sullivan">http://EzineArticles.com/?expert=Greg_Sullivan</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-19817956611879873522008-06-22T08:26:00.000-04:002008-06-22T08:27:54.343-04:00What Is An Opinion Of Value?<P><div id="body"><P>The whole job of a real estate appraiser is to develop an opinion of value based on the scope of work determined by the appraiser and based on information researched by the appraiser and given to the appraiser<a name='more'></a> by the client. Scope of work, as defined by USPAP (Uniform Standards of Professional Appraisal Practice), is "the amount and type of information researched and the analysis applied in an assignment."<P>On a most basic level, in residential real estate appraising, and for relatively simple properties (a house on a small piece of land, for instance), I generally use paired sales analysis. That is, other properties that have transferred recently, usually in the past 3-6 months, in close proximity, with similar size, features, utility and condition are compared to the subject property. Using dollar amount adjustments, the comparable properties are adjusted higher or lower to account for inferiority or superiority of that comparable property to the subject property.<P>A minimum of three comparable properties are used in paired sales analysis. In many cases, a forth or a fifth comp is used to further validate the opinion of value. Once the appraiser adjusts the comparables, they decide on a value within the range of the values of the adjusted comparables. Another approach to value called the cost approach is often used to estimate the costs attributable to the land and the improvements on the land. Either way, adjusting comparables and considering the costs helps the appraiser decide on the subject's value. However, ultimately an appraisal is an OPINION of value. This value should not be disputed by a homeowner or lender.<P>Every step of the appraisal process takes years to learn. Finding accurate information on the subject property, choosing the right comparables, inspecting the property, writing the report and determining the opinion of value are all tasks that are equally important in the appraisal process. To many people, an appraiser's job is as simple as taking some pictures, measuring the house and thinking up a value. Actually, when done correctly, the appraisal process takes four to twenty hours, depending on the complexity of the assignment and travel time.</div> <br><P>Please visit <a target="_new" href="http://www.appraisersantaclarita.com">http://www.appraisersantaclarita.com</a> to read more on Certified Residential Appraiser Dawn R Walker and residential real estate appraising.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Dawn_Walker">http://EzineArticles.com/?expert=Dawn_Walker</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="67" src="http://ezinearticles.com/members/mem_pics/Dawn-Walker_142860.jpg" border="0" alt="Dawn Walker - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-15234655172348653432008-06-21T16:39:00.000-04:002008-06-21T16:40:54.010-04:00What, Exactly, Does Location, Location, Location Mean?<P><div id="body"><P>Aaah, Location, Location, Location! Ask any real estate agent what this means and you will get as many answers as there are types of houses. You'll also get answers framed according to the houses they are<a name='more'></a> currently trying to sell but that is another subject.<P>While my comments deal primarily with new homes, the comments are just as pertinent for resale.<P>New Home sales typically involve a sales office, a couple of model homes and vast expanses of mud where dream houses will arise (eventually). Buyers will spend hours and hours and hours poring over choices of exterior and interior materials; they will spend a great deal of time selecting trim and finishes; family and friends will help them pick appliances perhaps even changing layouts. In short, they invest considerable time and energy in defining what the house will look like, inside and out.<P>Conversely, Buyers will spend only a few minutes looking at site plans and then spend months imagining their ideal home sitting on the selected lot. Buyers all but ignore exactly where the house will be situated within the development and what this will mean for the future. If buyers would spend more time in selecting which lot their dream home will be built on, they will greatly improve the enjoyment they get from living in it and dramatically boost resale value in the future. Do I have your attention?<P>A. Look at the site plan, focus on the existing roads outside the development and how these will connect to the new development. In my case, a development of about 130 homes with just two roads that connect to the outside world, and one of these is only for traffic heading in one direction.<P>If you are looking to buy a house on a lot close to where the development connects to existing roads, consider that you will have proportionately more traffic passing your front door than those deeper in the development. Consider also that during the period the development is being built these roads are the means for construction vehicles to get in and out of the development. These large vehicles are magnets for creating mud puddles in the rain and dust clouds in the summer.<P>If you are looking to buy deeper in the development; are the interior roads like a rabbit warren? Will you or others be able to find where you live easily? Will your children have a trek to get to the school bus pick up point?<P>No matter where in the development you plan to buy; consider that the roads are unmaintained and likely minimally signposted until the town takes responsibility; over time, other home owners will begin to forget that the roads are public places, they will ignore stop signs, parking signs, etc. since during construction - everything is abnormal.<P>B. Look at the site plan, focus on lots that abut intersections in the development - most intersections will be stop sign posted in one or more directions. Picking any lot within three/four homes of the intersection means that you will have to be very quick and very effective at backing your vehicle in or out of your driveway. Picking such a lot means that your guests who cannot park in your driveway will have to park somewhere else. Picking such a lot means that you will see and hear much of vehicles that have trouble navigating intersections.<P>When the intersection is a T junction style; consider this - if the lot you are interested in is at the top of the T, any and all traffic at night coming up the T will have you full in their headlights until they turn. If you are interested in one of the lots where the lines of the T join; depending on which way vehicles turn, every vehicle that makes the turn at night will bathe you in the glare of their headlights for a few moments.<P>If you have or plan to have children, lots close to intersections are not the best and safest place to have your children outside enjoying the fresh air; far too many intersections in developments tend to have limited sight lines around corners.<P>C. Look at the site plan, focus on where the sidewalks will be, where the utility poles and junction boxes will be. If the plan does not show these, ask! While utility poles and junction boxes may not seem like much; having a three foot by two foot by four foot transformer substation abutting your property might intrude on your landscaping ideas. Sidewalks present similar problems and more.<P>The home owner does not own the sidewalk and does not own the land between the sidewalk and the road - this strip of land cannot be landscaped, cannot be equipped with underground sprinkler systems and cannot be policed to prevent dog abuse. One neighbour of mine asked a dog walker to refrain from allowing her dog to pee on his strip of land since female dogs destroy any grass they pee on - her response, its not your property, I can do what I want!<P>D. Look at roads that curve, in cases where the curve is quite severe, traffic approaching the curve will shine their headlights on houses aligned with the road.<P>If the lot is on the outside of the curve, getting in and out of the driveway will be a nightmare; on the inner side of the curve, reduced visibility.<P>Additionally, an inner pie shaped lot - narrow at the road, wide at the rear might seem like heaven except the driveway and abutting gardens/paths will be impractical and, in winter (northern climes) a nightmare for entry and exit.<P>E. While site plans are 2 dimensional. look at the plan from 3 dimensions. Are there hills and slopes, is your dream lot at the top of a slope, in the middle or at the bottom? Many houses today, driven by the builders urge to cram as many houses as possible into the development, have garages that are partially below grade. Builders have to comply with height restrictions and, putting the garage below grade allows then to offer more square footage in the same relative lot space. If your dream lot has a sub grade garage and is on a slope - think long and hard about whether or not a deluge of rain will turn the driveway into a river and your garage into a pond!<P>If your lot is on a slope, this also means that driveways, on one or both sides will have retaining walls. Essentially, whatever side the retaining wall in on, getting in and out of your vehicle on that side is impossible.<P>In summary: Look at the site plan, try to imagine a 3D view of what the development will look like when it is finished. Look at the lot you are thinking about - imagine cars whipping along the roads, imagine traffic patterns, imagine what the landscaping and sidewalks will look like.<P>If you can imagine and like what you see, you will at least be prepared for what might otherwise be unpleasant irritants or surprises that did not occur to you when you signed on the dotted line to take possession of your dream home.<P>While this article is not a usual subject for me, I hope you found it useful.</div> <br><P>If you would like to learn more about the seminar themes I speak to, types of consulting engagements and research that underpins my thinking, feel free to browse my web presence at <a target="_new" href="http://www.TLIRGroup.com">http://www.TLIRGroup.com</a><P>John Bolden<BR> RMA, Mil C, C/MBB-ISSSP. F-IICM, F-IPMS<P>Transformation Leadership, Innovation & Research<BR> <a target="_new" href="http://www.TLIRGroup.com">http://www.TLIRGroup.com</a><P>John Bolden is renowned for value laden advice that stakeholders depend on when assessing the wisdom of investing billions. John's views and observations enable corporate leaders to ask the right questions, probe problematic answers and avoid surprises.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=John_Bolden">http://EzineArticles.com/?expert=John_Bolden</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="74" src="http://ezinearticles.com/members/mem_pics/John-Bolden_121314.jpg" border="0" alt="John Bolden - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-16889359520198423562008-06-20T14:13:00.000-04:002008-06-20T14:14:54.087-04:00Waterfront in Arizona<P><div id="body"><P>When thinking about properties in Arizona, most people probably think desert, golf, or maybe retirement communities, but what about the waterfront? That's right, waterfront. Arizona actually has a lot of<a name='more'></a> waterfront real estate with two of the most exciting developments, Tempe Town Lake and the Arizona Canal near downtown Scottsdale, quickly becoming hot spots.<P>Built on the Rio Salado, 60 per cent of Tempe Town Lake has been designated for private development while the rest will be kept as open space, wildlife habitat and parks. The condos in this neighborhood have access to a marina, boat rentals, fishing and Tempe Beach Park.<P>This town is dedicated to providing a great atmosphere for its inhabitants and hosts 50 community events throughout the year, including a free Sunday music series at the marina, a marathon, a music festival and a community festival and fireworks display. Take in a show at the new Tempe Center for the Arts or visit one of the hundreds of shops, restaurants, bars and nightclubs along Mill Avenue. The future Tempe marketplace is slotted to provide 130 acres of outdoor mall with dining, shopping and a multiplex movie theatre.<P>Ideal for outdoor enthusiasts, the beautiful lakeside trails are perfect for enjoying a leisurely stroll or morning jog, and if you've ever wanted to take up dragon boat racing or outrigger canoeing, local teams offer you the chance to do just that.<P>Lifestyle features such as pools, spas and onsite fitness centers are common offerings in this neighborhood. Take in stunning lake and mountain views from your private patio, courtyard or balcony, and check out the outdoor community spaces when you feel like being friendly. In fact, in addition to luxury condos, there are a number of award winning, master planned developments which include areas for commercial and office space so you can set up your business in the neighborhood and walk to work. If you work further afar, no worries - these developments enjoy easy access to Sky Harbor International Airport and Arizona State University, and with the light rail bridge your commute to downtown Phoenix is a snap!<P>With significantly less water but no less buzz is the development along the Arizona Canal near downtown Scottsdale. This waterfront revival is bringing with it the downtown's resurgence: there's a lot of excitement around what some people are billing "Scottsdale's renaissance". As the banks of the Canal undergo landscaping improvements the area is quickly becoming a hot spot for walking, biking and jogging. A number of condo and loft projects offer access to the nearby commercial projects, and buyers will delight in the area's one of a kind boutiques, locally owned shops and trendy eateries. The nearby championship golf courses sweeten the deal.<P>The residences here are within walking distance to Scottsdale Fashion Square and the Fifth Avenue and Old Town areas. With two pedestrian bridges and downtown Scottsdale's free trolley service, getting around town has never been easier - you'll love the freedom.<P>So there you have it - two of Arizona's hottest waterfront developments. Tempe Town Lake and the Arizona Canal near downtown Scottsdale are both great options for people looking to enjoy the urban lifestyle without the responsibilities of traditional home owning. These developments are ideal for professionals, empty-nesters and anyone who likes to be outside, or just wants to enjoy the view.</div> <br><P>Anne Eliason, a dedicated professional specializing in <a href="http://www.phoenix-valley-real-estate.com/" target="_blank">Phoenix AZ real estate</a>. To do a <a href="http://www.phoenix-valley-real-estate.com/search.php" target="_blank">Phoenix AZ MLS search</a> or to find out more about waterfront properties in the Phoenix Valley, visit Anne online at PhoenixValleyRealEstate.com<div><P>Article Source: <a href="http://ezinearticles.com/?expert=A_Eliason">http://EzineArticles.com/?expert=A_Eliason</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-42822828908729901422008-06-19T07:52:00.000-04:002008-06-19T07:53:51.832-04:00Various Needs For Real Estate Clauses<P><div id="body"><P>When you go with the home study real estate course and in case you find it interesting it is certainly that you would find a good deal there. However, it may not be impressive for the broker you deal with<a name='more'></a> as they do not like to see seminar forms. They are happy going with standard agreements, even though such agreements are usually drafted to defend real estate investing broker and no you.<P>On the other hand to deal with problem you can actually take up a standard agreement and alter it according to your requirements. Just check out some of the following clauses when you purchase property:<P>Transmission:<P>You have full rights to transfer the contract with your name as you are the buyer. You can transfer it by placing your name with the words; you can give that right to yourself without human intervention. The word is not more extensive, other than it has been interpreted as giving the buyer the right to position designation in the name of a trust. In real estate, you can make the most money by successful negotiating with sellers, buyers, & tenants.<P>Scrutiny section:<P>Have the right to make the bond reliant upon your right to do a methodical scrutiny before a convinced date. Make convinced that you are not obligatory to hire a specialized inspector and that the scrutiny clause permits you to call off the bond, if there are things wrong with the property that the seller is not enthusiastic to fix or decrease the price. As buyer insist on the right to choose the title or escrow company, so that you remain in control. A conservative or awkward escrow or title company can compose the life complicated if you are annoying to do an innovative covenant.<P>Privileges to make superior:<P>Most contracts term for a date convinced intended for closing, using the language like, "on or before". If the buyer is not equipped to shut by said date, the seller can hold him in evasion. If you want to buy more time, make the closing date "on or about." What does "on or about" mean? I'm not sure, but it certainly means later than "on or before"!</div> <br><P>Samuel Johnson is an expert author for <a target="_new" href="http://www.realestatewebprofits.com/">Real estate web profits</a>. He written many articles like <a target="_new" href="http://www.realestatewebprofits.com/rewp/real-estate-tips1.php">real estate Investor websites, real estate investing, Jeff Adams</a>. For more information visit our site <a target="_new" href="http://www.realestatewebprofits.com">http://www.realestatewebprofits.com</a> Contact me at <a href="mailto:reiiarts@gmail.com">reiiarts@gmail.com</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=George_Samuel_Johnson">http://EzineArticles.com/?expert=George_Samuel_Johnson</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-84897959058009880892008-06-18T18:13:00.000-04:002008-06-18T18:14:51.510-04:00Understanding Cape Cod Architecture<P><div id="body"><P>Americans have always loved a good Cape Cod home. In 1938 when Life magazine asked families to choose their ideal place to live, the Cape Cod design was among those few selected, even when compared to an<a name='more'></a> original modern home by renowned architect Frank Lloyd Wright. The design visionary may have had great ideas and some very attractive sketches, but he didn't have hundreds of years of building tradition and a classic form recognized by everyone. Cape Cod designs are just as popular today, and will likely continue as one of the nation's most enduring building styles.<P>The Cape Cod style dates back to the earliest period in American and Atlantic Canadian colonial history. These first homes in the 1600s were un-adorned and practical, built for year-round comfort in the windy, cold Eastern Seaboard climate. Scarce natural resources for building also helped keep these homes simple and small, with little deviation in design, and typically rock or plaster exterior walls.<P>Early Cape Cod homes had a narrow rectangular shape, with a steep pitched roof to keep winter snow from accumulating. Rarely built with upper floor dormers, these homes tended to have a stark, impenetrable look, which became fashionable during the Gothic Revival period of the early 19th century. Cape Cod windows were generally double paned with wooden shutters, and placed symmetrically on either side of a central door, as well as in the gable on either side of the house. The first Cape Cods, also known as Colonial Capes, were usually one or two rooms deep at the most and just a single story with a large attic, contrasting with many 18th and 19th century styles that featured large two and three story designs. Colonial Cape floor plans tended to max out at 1-2,000 sq ft, and were typically furnished with all hardwood floors.<P>Cape Cod architecture was less common in the late 18th and early 19th centuries as other styles predominated, but it enjoyed a widespread revival in the 1920s, when builders in other parts of the nation started using the style. The family awarded a new Cape Cod style home in the 1938 Life Magazine project chose to build in Edina, Minnesota, far from the coastal Massachusetts region for which the style is named. Colonial Revival Capes introduced a variety of new features to the classic form, including upper-floor dormers for extra light, bay and picture windows, front entrance pilasters, and more modern floor plans that sometimes included a kitchen extension at the back of the house. But revivalists were careful to remember the Cape Cod's original appeal rooted in classic design, practicality, and affordability, and designed their new homes as traditionally as possible.</div> <br><P>Continue your studies of architecture in the <a href="http://www.mikemagner.com" target="_blank">Boston MA real estate</a> area at MikeMagner.com. This website has details on home styles throughout the city, neighborhood information on spots like the <a href="http://www.mikemagner.com/north-end.php" target="_blank">North End Boston real estate</a> area, and a free property search.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Mike_Magner">http://EzineArticles.com/?expert=Mike_Magner</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-84095150285589466722008-06-17T07:13:00.000-04:002008-06-17T07:14:51.297-04:00Toronto Real Estate Market Still Healthy<P><div id="body"><P>Late in 2007 the city of Toronto announced that it would introduce its own land transfer tax in 2008 for buyers who purchased property within city limits. This is in addition to the provincial land transfer<a name='more'></a> tax buyers currently have to pay effectively doubling the taxes levied onto home buyers. This decision sent waves of nervousness through the real estate community who wondered how this would affect the Toronto real estate market. Would this cause buyers to move to neighbouring cities in order to avoid the new tax? Would people looking to sell their homes and living at the edge of city limits decide it is time to move to the suburbs?<P>The answer so far has been no. Helped by a still strong Canadian economy the Toronto real estate market is very healthy and despite a modest decrease of 2% in overall sales reported to the Toronto Real Estate Board in January prices still increased by about 6% over the same period in 2007. The president of the Toronto Real Estate Board, "There is clearly still a place for the first-time buyer in today's resale market." The ability of first-time home buyers to enter the market is an important measure of the future health of the real estate market. The upward trend in Toronto real estate prices is expected to continue in 2008 as inventory levels have fallen causing demand to outpace supply.<P>A second factor may have also helped to negate the effects of the new land transfer tax, this coming from the mortgage lender themselves. Shortly before the new tax was about to take effect many banks started to announce that they would cover the costs of the all or most of the tax. The city of Toronto also announced that a rebate program would be put in place for first-time home buyers. Both very important steps in ensure that the tax has as little affect as possible on the Toronto real estate market.<P>For now at least, it seems that neither the Canadian dollar hitting parity nor the new land transfer tax are going to slow the Toronto real estate market. In fact most experts, included RE/MAX are predicting that the market sales levels will match those of 2007 and that consistent demand for housing will keep upward pressure on housing prices. Baring some unforeseen disaster Toronto looks to still be a good investment for your real estate dollar.</div> <br><P>If you would more information on or are interested in search for <a target="_new" href="http://www.mikeclarketeam.com/Toronto_Real_Estate_For_Sale.html">Toronto Real Estate</a> please feel free to visit our site.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Stefan_Hyross">http://EzineArticles.com/?expert=Stefan_Hyross</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-38604448858724919442008-06-16T19:00:00.000-04:002008-06-16T19:01:51.710-04:00Thousands In New Zealand Cheated By Local Real Estate Firm<P><div id="body"><P>Recently in New Zealand thousands of real estate investors took heavy losses from unscrupulous marketing of an intermediary firm Blue Chip. The NZ Herald mentioned that many of these people have lost the<a name='more'></a> invested estate and their personal homes as well due to collateralized mortgage failures. Families and spirits broken, they will remember this lesson in the ages to come.<P>The ongoing travesty began to unfold a few weeks ago as realistic questions rose regarding actual bidding prices of residential properties peddled. Brokerage firms like Blue Chip rely on heavy price discrepancies to make a profit. In other words they must convince buyers to fork over prices well over what the firm believes is liquid (i.e. where many buyers exist), and vice versa with the sellers; the surplus becomes brokerage house's income. Therefore, their primary interest conflicts heavily against the clients. The business model reeks of problematic schemes.<P>We can then resolutely conclude that property values pushed by brokers imply nothing but deceptions. According to the NZ Herald, many investors had risked their own homes all in good faith via advice from Blue Chip employees. They never bothered to even visit the physical locations or scrutinize price bids from private interests.<P>No absolute value exists for anything; it is just an estimate of however much the next buyer will likely prepare to shell out. So it basically hangs at the mercy of the local supply and demand shifts.<P>If the investors had only spent a few days to research how much value the next wave of estate buyers had realistically determined, many could have avoided this sham. Yes it might feel embarrassing becoming a victim of this sort, yet the actions of Blue Chip employees suggest misrepresentation, borderline criminal.<P>The people should be outraged, and Blue Chip or any other associated businesses must pay.<P>Notwithstanding the foregoing, it still remains better to take preventive measures than focusing on past mistakes. Verify EVERY number pushed by any person interested in selling something, because more often than not the figures expressed or implied do not match with mathematical reality. Learn what it really means to take "calculated" risks, and you will avoid many shenanigans like the above.</div> <br><P>The Mathematical Think-Tank<BR> <a target="_new" href="http://matdays.blogspot.com">http://matdays.blogspot.com</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Rocko_Chen">http://EzineArticles.com/?expert=Rocko_Chen</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="87" src="http://ezinearticles.com/members/mem_pics/Rocko-Chen_143071.jpg" border="0" alt="Rocko Chen - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-41138560949014492592008-06-15T09:00:00.000-04:002008-06-15T09:01:49.748-04:00The Story Behind Saltbox Architecture<P><div id="body"><P>Saltbox homes can convey years of American colonial history in a single glance. With distinctive high pitched asymmetrical roofs, and flat, unadorned exteriors, these homes show how people lived in the nation's<a name='more'></a> earliest days, between the early 16th and late 17th centuries, adjusting their homes as needed to make things easier. Because of their unique features, Saltbox homes are also instantly recognizable, and among the iconic residences of the Northeast coast.<P>Like Cape Cod homes of the same era, Saltbox homes originated in New England and Atlantic Canada as homes for European settlers. These buildings were simple in design, with rectangular exteriors, high pitched, gabled roofs, and plain central entrances - in many ways exactly like Cape Cod homes, but with extra elements to accommodate the ever-evolving nature of colonial life. Saltboxes were also typically situated farther inland than Cape Cods, which helped encourage their more complex designs.<P>Saltbox homes got their name because they looked like the large asymmetrical wooden saltboxes everyone used in colonial times. This comparison grew even stronger over the years as many of the original Saltboxes changed shape - many Saltbox dwellers added lean-tos on the backs of their houses, mainly for storage purposes, extending the already lopsided roof line. The resulting shape, also known as a "Catslide," was almost triangular, with one long roof slope plunging two and a half stories from the ridge almost to ground level, and a short, steep slope nearly parallel with the wall on the other side. Other early Saltboxes were simply traditional Cape Cods with an added lean-to, as exemplified by the Ephraim Hawley House, a famous Connecticut Saltbox built in the 1680s, and modified over the decades. Modern and preserved antique Saltbox homes tend to make full use of this extra space at the back, with open floor plans allowing rooms to blend easily into one another.<P>Most Saltbox homes were built using traditional post and beam methods, with metal nails employed sparingly because of their high cost. Exterior walls are often very simple, featuring shingle or clapboard siding.<P>While the Saltbox style originated and was used primarily for homes, modern builders have adapted the form for other purposes such as churches and university campus buildings.</div> <br><P>Learn more about architectural styles in the <a href="http://www.mikemagner.com" target="_blank">Boston real estate</a> area at MikeMagner.com. This website is an excellent resource for buyers and sellers, with extensive realty service information, a free home search, and tips on micro-markets like the <a href="http://www.mikemagner.com/back-bay.php" target="_blank">Back Bay MA real estate</a> area.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Mike_Magner">http://EzineArticles.com/?expert=Mike_Magner</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-23902351087755822872008-06-14T15:00:00.000-04:002008-06-14T15:01:49.069-04:00The \"REAL\" Real Estate Roller Coaster<P><div id="body"><P>Buying a home is a process fraught with emotional ups and downs. For most people, it'll will be the most expensive and involved purchase they ever make. On top of the indisputable importance of this purchase,<a name='more'></a> is the indisputable lack of time one has to make a decision before purchasing a home. The average amount of time a potential home buyer spends looking at a prospective home is 96 minutes! For a home that you may spend the next ten to twenty years living in, well, an hour and a half seems like an un-justly short amount of time to make such a drastic decision. This "hot" decision making environment, where the pressure is on, is one of the key aspects of buyer's emotional stress.<P>But, the fact is, good homes sell fast, and buyers have to be ready to commit to a purchase in a short time. This being said, the "sure fire" way to make a good decision in a such a short period of time, is to learn to become a smart, analytical shopper. Not that emotions need to go entirely by the way side- but you must know when emotions are playing into your decision making process, what is at the core of those emotions and whether or not they are helpful to your process. Be your psychologist, and the sooner you'll get off the doctor's couch and into a new home!<P>One approach to help mitigate the emotional roller coaster of the buying process is to truly set out your specific priorities in terms of what you want and need in your new home. Ask yourself, " In order of importance, what are the most important elements for my/our new home?" Proximity to schools, the location of the neighborhood, commuting distance, property taxes, energy efficiency, shopping accessibility, and recreational facilities are just a few of the considerations a buyer should prioritize beforehand. If purchasing with a spouse or partner, you may discover your priorities are slightly or even greatly different. It is very important that you spend the time to make concessions and get on the same page as best you can.<P>Other aspects of your priority list may include the type of home you are looking for. These parameters could involve the size of the home or a particular style of home. If you're set on a particular style of home, this may effect the neighborhood parameter of your search, as not all houses of certain types are in every neighborhood. So, as you see, one way to help curb emotional reactions, is to make sure you know what you're looking for, and in doing so narrow your search. This way, what you'll be looking at will be within the list of parameters you set out in your priorities. You can then rank homes based on how well they fit into your priority system. Of course, there will be concession to be made here, as it may not be that a home fits your every single priority in exact order- but at least you've done some good analytical homework in advance and have a system for ranking your prospects.<P>Another tip for dealing with emotions, is to catch yourself when you are honing in on one particular feature of a home, as the "dream feature" of the home. A "dream home", should be so, because it satisfies those myriad components (priorities) that create "your dream of your home". You may want to check in and ask yourself if your being clouded by one enticing feature and have lost touch with your list of priorities.<P>Another dangerous aspect of buying a home based on your "gut" feeling, is that your guttural instinct may be good for you, but not so great for re-sale. It is, in almost all cases, very important that you consider the potential re-sale value of your home as one of your top priorities. You don't want to be stuck with a "dream home" that turns out to be everybody else's nightmare. The investment aspect of purchasing a home, lies in it's re-sale value. Now, this doesn't mean you have to buy in a well-established, totally investment-proof neighborhood. You may have done your homework and feel confident in buying in a neighborhood that has great potential for five to ten years down the line. Likewise, the home you are investing in may need improvements that you have the funds and/or the expertise to accomplish. But, you must at least consider the re-sale value of your potential home. Otherwise, you could be investing in a money pit, that you'll never be able to get off your hands.<P>Keep in mind, smart sellers are bound to know the realm of buyers emotions, and will appeal to your weaknesses. Keep critical eye sharp, especially when a home seems to smell of professional home staging. It's not that home staging is trickery, or dishonest, but you might need to work extra hard to look beyond the beautiful and well-appointed furniture and the incredible artwork and the enticing smell of apple pie- as none of the above are included in your purchase. Just make sure you look at the house itself and not it's decor, set-up- and, DON'T EAT THE PIE!<P>If all these steps have been taken, you've approached the searching process having analyzed and prioritized your wants and needs, and you've considered the re-sale potential of the properties, then you can allow your emotions to guide you somewhat. Perhaps you've been lucky enough and smart enough to mine out two potential properties that both fit your priorities and parameters, at this point, a bit of the old gut instinct can refine your process and actually help, and not hinder the decision making process.</div> <br><P>Visit MikeMagner.com for extensive <a target="_blank" href="http://www.mikemagner.com/">Boston MA real estate</a> listings. Acquaint yourself with great investment opportunities in the Greater Boston area, including the <a href="http://www.mikemagner.com/dorchester.php" target="_blank">Dorchester MA real estate</a> market.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Mike_Magner">http://EzineArticles.com/?expert=Mike_Magner</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-41751836897111842462008-06-13T12:00:00.000-04:002008-06-13T12:01:47.567-04:00The Pursuit Of The Real Estate Truth<P><div id="body"><P><b>Where and how people get information.</b><P>With changes in the market brings loads of information from friends, family, neighbors, and the media. How do you know what is truth and who to listen to? <a name='more'></a> Most information we hear says what a bad time it is in the real estate market with prices going down fast. The best way to find out correct information is to ask a professional. How do you know that someone is really a professional? When I think of a professional I think of someone that knows the ins and outs of their profession. The Media loves to create more problems than there already are and get people worked up for no reason. That is why you need to put your trust in someone that is confident no matter what is happening and knows how to handle any problem that arises.<P><b>How do you process that information?</b><P>Use common sense about the info you've received. Weed out the misguided or questionable info. If it sounds to good to be true...we all know it probably is! If your neighbors house sold for $200k in this slower market then you aren't going to be able to sell your for much more. You will discover a common thread about what's happening in the market as you gather information from various sources.<P><b>Act and go with your gut instincts</b><P>Once you've sorted out the information don't delay, act now! If you are buying a house and have done your research, feel good about the decision you've made. Now is always the best time. If you're selling and have done your homework be confident in your decision and the price you have chosen. In a slow market, if you are not serious or actively trying to sell, you are creating a problem not only for yourself but also for the other homes around you. You are adding to the homes that are not selling. This creates more supply than demand, which in turns drives the market down.<P><bSeek professional guidance</b><P>A good agent changes his selling techniques as the market changes and is always looking for better ways to serve his/hers clients. Look for an agent that proactively engaged in learning more about the profession. A doctor doesn't stop studying or learning once he gets his M.D. and neither should your agent! Now more than ever you should focus on finding a competent agent to sell your house as it requires more than just placing the for sale sign in the yard.</div> <br><P>Bronson Barber an Utah Real Estate Professional and Entrepreneur<P>I have created a team of professionals that can handle the most difficult problems that people have with real estate. Whether it is getting out of an old house or getting into a new home we can do it.<P><a target="_new" href="http://www.bronsonbarber.com">http://www.bronsonbarber.com</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Bronson_Barber">http://EzineArticles.com/?expert=Bronson_Barber</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="120" src="http://ezinearticles.com/members/mem_pics/Bronson-Barber_128214.jpg" border="0" alt="Bronson Barber - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-20529624273095090282008-06-12T08:39:00.000-04:002008-06-12T08:40:47.071-04:00The Party Wall Agreement Isn\'t All Fun and Games<P><div id="body"><P>Before jumping into the purchase of a duplex, there are some legal issues that you'll want to consider. Many are unaware that duplex living is akin to living in a condo, and there are certain agreements that<a name='more'></a> should jointly agreed upon, and on paper, before you sign the dotted line.<P>Duplexes have become more and more popular as they are a great way to afford the luxuries of home ownership without becoming totally housebroke. Generally much more affordable than the average single family home of equivalent square footage, the duplex appeals especially to young families and to couples looking to get into the market. But like any "great deal" there's a flip side that should not be overlooked.<P>To begin with, you're entering into ownership beside a neighbor, a very close neighbor in fact. So close, is your neighbor that you'll share a wall that divides your respective homes. The part of duplex living and ownership that is similar to that of a condo, is the legally binding agreement called, "The Party Wall Agreement". No, this is not only there so you can mutually decide on who's having parties, and when. Although, it may delineate acceptable noise levels for your prospective parties. But, what it really is, is a sort of home association for a party of two.<P>The Party Wall agreement, will cover how the two sides of ownership will deal with shared expenses such as insurance, structural issues, including roof upkeep and replacement, foundation and shared utility service lines. It may also include routine maintenance and address stylistic and architectural issues such as the exterior look of the home, and the construction of other improvements such as fences and sheds.<P>Consider that before purchasing a duplex you are entitled to peruse the already existing party agreement and to enter into negotiations to make amendments, if necessary. If this is the duplex owner's first time selling one half of the duplex, you might want to have, "negotiating a party-wall agreement" as one of your offer's subjects. Note that down the line, should one duplex owner break the rules, the other owner is technically protected by the agreement and can put a lien on the other's properties in order to collect funds, if need be.<P>Of course, you can have the world's best legal documents, but if your uber close neighbor is a "not- so-nice" person, well then you're likely to have problems. This being said, just as in a condo development, if you can meet with you're fellow neighbor, and get a sense of who they are, and what kind of life they lead, it may give you more insight into whether or not you'll want to live close to them, and enter into a legal agreement with them. The flip side, is of course nothing but the agreement can really protect you. Seemingly great people, can turn out to be terrible neighbors. Not to be a kill joy here, but if you're considering purchasing a duplex, keep in mind the true dual nature of ownership you're entering into. It can be a wonderful investment so long as you collectively set the appropriate rules to make it so.</div> <br><P>Visit MikeMagner.com for extensive <a href="http://www.mikemagner.com"/ target="_blank">Boston MA real estate</a> listings. Acquaint yourself with great investment opportunities in the area, including the <a href="http://www.mikemagner.com/back-bay.php" target="_blank">Back Bay Boston MA real estate</a> market.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Mike_Magner">http://EzineArticles.com/?expert=Mike_Magner</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-6843437223628927012008-06-11T11:52:00.000-04:002008-06-11T11:53:45.578-04:00The Largely Ignored Aspect Of The Real Estate Meltdown<P><div id="body"><P>When you read and watch the news about the mortgage/real estate meltdown you hear about the mortgage lenders and real estate agents that have fallen on hard times but problems in the title insurance industry<a name='more'></a> are largely ignored.<P>Reason being, at least in part, is due to the way title insurance was marketed and sold. Because title insurance has been a behind the scenes aspect of the real estate processes the public and the news does not really hear about it. Unless the principals in the transaction are savy investors, the average consumer has no involvement in the selection of the title insurer and basically kept in the dark when it comes to this component of the real estate transaction.<P>This is also a big part of the problem that title companies are facing now. They relied on referrals from other real estate professionals and when the mortgage lenders and real estate agents go out of business the referrals dry up.<P>Too many title companies are now being forced out of business because they can't get the referrals any more. The title companies that are able to make their way out of this market are those who had diverse marketing plans focused on consumers as well as real estate professionals. They may not be able to make big profits but they will be able to survive until the market turns around.<P>Too many good people are losing their jobs and their businesses and if the remaining title companies don't take heed and change their business plans to be more consumer friendly we will see many more people on the unemployment line.</div> <br><P>Ruth Sias is a former Commercial Escrow officer, turned Entrepreneur from Sacramento, CA.<P>Ruth has taken her 23 years as a business professional, combined with her strong people skills and found a smooth transition into her home based business. This has provided an even greater platform for her to fulfill her true desire to assist others in the areas of personal growth and developing the mindset for success.<P><a target="_new" href="http://www.FinancialSolutionsNow.net">http://www.FinancialSolutionsNow.net</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Ruth_Sias">http://EzineArticles.com/?expert=Ruth_Sias</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="72" src="http://ezinearticles.com/members/mem_pics/Ruth-Sias_146213.jpg" border="0" alt="Ruth Sias - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-3904296590892495182008-06-10T08:39:00.000-04:002008-06-10T08:40:45.067-04:00The Ins and Outs of a \"Contract for Deed\" Land Contract<P><div id="body"><P>A contract for deed, also known as a land contract, is basically a financing agreement between the buyer and the seller of a home. Essentially, by signing a deed contract, the seller agrees to give the deed<a name='more'></a> to the home to the buyer once the buyer has paid off the contract. This kind of financing carried by the owner can include the balance of a mortgage or, instead, the property might be fully owned.<P>Sometimes known as "rent-to-own" or "installment sale contracts," land contracts historically offered lower borrowing rates than most institutional lenders. But, once banks began offering lower interest rates, they became less popular. However, this seller-financed option is making a comeback.<P>This article will go over the benefits and drawbacks for both buyers and sellers. Keep reading to learn more.<P>Benefits to the Buyer:<P>1. Less stringent qualification requirements, though the seller can ask for a copy of the buyer's credit report.<P>2. Usually the seller will offer negotiable down payments and greater flexibility.<P>3. More freedom to negotiate length of contract, terms and interest rate.<P>4. Lower closing costs with no service fees to pay.<P>5. Faster purchase closing.<P>Benefits to the Seller:<P>1. Can normally ask a higher selling price with less inspection restrictions.<P>2. Income can possibly qualify as deferred gain, significantly reducing taxes.<P>3. Provides a monthly income.<P>4. Can offer a better rate of return than investing the sale amount.<P>5. Simpler way to sell non-conforming or difficult properties.<P>6. Faster purchase closing.<P>The Importance of a Title Company and Trustee<P>For the inexperienced homeowner or buyer, having the insurance of a trustee can stem a lot of insecurities. Basically, the title company will draft and insure a land contract that includes a Vendor (the homeowner), Vendee (the home buyer) and a Trustee.<P>The title to the house and all interest payments are assigned to the trustee. If the buyer (or vendee) stops making payments, the trustee will then foreclose on the sale. In turn, if the buyer successfully finishes making their payments, the trustee insures the buyer receives the full title to the home.<P>Before You Sign<P>Before you commit to a land contract sale, always obtain an appraisal of the house value, acquire title insurance, consult with a real estate lawyer and hire a holding company or trustee to hang onto the deed and all contract documentation. Remember, contract for deed sales are usually friendly, but it's still business so all parties involved need to work together with professionalism.</div> <br><P>For information on practical home mortgage recommendations, please visit <a target="_new" href="http://www.home-mortgage-preparation.com,">http://www.home-mortgage-preparation.com,</a> a popular site with great insights abiyt home loan considerations, such as <a href="http://www.home-mortgage-preparation.com/private-money-lenders.shtml" target="_new">private money lenders</a>, <a href="http://www.home-mortgage-preparation.com/fha-loan-limits.shtml" target="_new">FHA loan limits</a>, and many more!<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Jack_Burnette">http://EzineArticles.com/?expert=Jack_Burnette</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-80606781142651235952008-06-09T19:52:00.000-04:002008-06-09T19:53:44.755-04:00The Guide to Subdivide<P><div id="body"><P>People find many creative ways to leverage a profit on real estate. One possible way to turn a profit on a purchased property is to subdivide. Subdividing your property can allow you to keep your home, by<a name='more'></a> reducing your lot size and selling it off. The process to obtain a permit to subdivide may not be an easy or quick one, but if you're armed with the right information and follow your application methodically, it's certainly a possible and potentially profitable option.<P>First off, it's important to note that each municipality will have their own unique application process for subdivision. This article details the most common steps in the subdivision process, although the process may differ from state to state, or town to town.<P>If you're looking into purchasing a property that you'll subdivide down the line, do some investigating before hand. You'll need to look at a survey of the land in question and look into the municipality's subdivision requirements. The property your looking at subdividing will have to satisfy certain minimum lot requirements according to your municipality's application. Take note, that different areas of the same town may have different minimum lot requirements. Doing such an investigation can not guarantee that you'll be successful with a subdivision application on a given property, but it can give you an idea as to whether or not subdivision may be possible.<P>If you're looking into subdividing a property you already own, you'll want to start with cross comparing your local subdivision requirements with a survey of your property. If by dividing your lot into two, both sections satisfy the minimum lot requirements, you're on the right track. If this is not the case, check into minimum lot requirements for differently zoned areas in your town. If there's a zone in which you can satisfy the minimum lot requirements, you might consider applying for re-zoning as a first step towards subdividing.<P>If the zoning code permits your lot, the next step is to check for any subdivision ordinances that may make it impossible for you to do so. These ordinances, for example, may require a particular amount of frontage onto city streets. In some cases, new streets and utilities will have to be installed prior to the sale of a lot within the new subdivision. If you qualify under zoning and subdivision ordinances you can then move onto the next steps.<P>If you've jumped through the above hoops and still seem to be standing, the next step, typically, will be to hire a land surveyor who'll draw up a plan of the prospective lot. If you talk with your local building and zoning department you'll be able to get a good reference and sort out how much the process will cost.<P>This plan will then go to the city, who may require numerous amendments to your original plan. Likewise, they may not approve it. It's often recommended that you talk with a local attorney who handles zoning and land use matters, to help you through this process.<P>Another aspect to consider before subdividing is how you plan on making your profit. When you subdivide, your property will be considered two parcels. If you sell the land you're currently living on, you're selling a primary residence and so are eligible to keep up to $250,000 in profits from the sale, tax free. On the other hand, if you're selling the lot that you do not live in, this is treated as an investment property, and you'll be taxed appropriately on it-- 15 percent capital gains, plus whatever your state charges for capital gains tax.<P>One way to avoid the capital gains tax is through the 1031 tax free exchange, or like-kind exchange. To defer taxes on the sale of this property, you must purchase a different investment property for at least the same price as the property you are selling. You'll need to meet specific deadlines and have a third party intermediary hold the revenue from your property in escrow while you find a replacement property.<P>In the case of subdivision applications it's truly best to follow every step with precision and accuracy if you want to be successful. This may cost you up front, but you'll be rewarded in the long run.</div> <br><P>This article was provided by the writing team of Drew Hartanov. Drew's in the Top 2% of Prudential Agents nationwide, and specializes in the <a href="http://www.hartanovteam.com/" target="_blank">San Clemente real estate</a> market. For <a href="http://www.hartanovteam.com/san-juan-capistrano.php" target="_blank">San Juan Capistrano real estate</a> listings and information on other incredible Orange County areas, visit Drew and his team at HartanovTeam.com.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Drew_N_Hartanov">http://EzineArticles.com/?expert=Drew_N_Hartanov</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-15454409447076279412008-06-08T08:26:00.000-04:002008-06-08T08:27:45.412-04:00The Biggest Mistake I Made When Starting Off In My Real Estate Business<P><div id="body"><P>When I was new to the real estate business I of course made mistakes. Everyone does. Although I often make little mistakes, nothing compares to this major one I was making over and over again.<P>The biggest<a name='more'></a> mistake that I made was not figuring out how to bring in money for the short term that would keep me going for the long term. I'm sure that everyone knows how expensive starting a real estate business can be. Not only do you have to have money to get into the business you have to have money to carry you for months (sometimes) before you get any business.<P>Most of the time that leaves very little money to start growing a business. When I was new in the business I didn't have a clue about advertising and marketing. I ended up throwing thousands of dollars down for magazine ads that never returned any business. I quickly realized that I wasn't going to last long if I continued to throw away money on bad advertisements.<P>Luckily for me I got a couple of deals done right away that kept me in business and out of the poor house. After that big mistake of advertising I knew that I would have to come up with a better solution if I was to stay in the business and also to be able to grow my business.<P>I looked outside the real estate industry for ideas and inspiration to discover what I was missing for success in real estate. What I discovered was what I now call my FUEL. FUEL is what drives my business to the destination that I want. What is my destination? Financial freedom. Being able to work with whomever I want to work with and do what I want to do. FUEL will get you there faster than you could ever dream. You will not have to face the same fate that a lot of real estate professionals do with going out of business before they ever get started.</div> <br><P>I have just presented you with the opportunity to make a difference in your business. What are you going to do? Are you going to continue to struggle like I did or are you ready to make the change?<P>If you are ready to make the change go to <a target="_new" href="http://www.fuelyourpipeline.com">http://www.fuelyourpipeline.com</a> NOW!<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Bronson_Barber">http://EzineArticles.com/?expert=Bronson_Barber</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="120" src="http://ezinearticles.com/members/mem_pics/Bronson-Barber_128214.jpg" border="0" alt="Bronson Barber - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-60951647832200896312008-06-07T08:39:00.000-04:002008-06-07T08:40:42.669-04:00The Best Real Estate Game Ever Made - MONOPOLY!<P><div id="body"><P>Why not instead of losing real money loss Monopoly money? It's great practice for people who want to take Real Estate Investing serious. So instead of buying a so called Real Estate Gurus Investor Game...Save<a name='more'></a> your money.... And Read Below...<P>Let me give a brief history of this awesome game... And then I will show how for less then $20bucks... you can start practicing to become a Serious Real Estate Investor....<P>The History of MONOPOLY:<P>In 1934, Charles B. Darrow of Germantown, Pennsylvania, presented a fame called MONOPOLY to the executives of Parker Brothers. Mr. Darrow, like many other Americans, was unemployed at the time and often played this game to amuse him and pass the time... It was the game's exciting promise of fame and fortune that initially prompted Darrow to produce it on his own....<P>With help from a friend who was a printer, Darrow sold 5,000 sets of the MONOPOLY game to a Philadelphia department store. As the demand for the game grew, Darrow could not keep up with the orders and arranged for Parker Brothers to take it over. '<P>Since 1935, when Parkers Brother acquired the rights to the game, it has become a leading proprietary game not only in the United States but throughout the Western World. As of 1999 the game is published under license in 80 Countries, and in 26 languages, in addition, the U.S. Spanish edition is sold in another 16 countries... (Bio from Parker Brothers Original 1935 version....<P>Knowing the history of Monopoly... It should make you feel like your play a piece of history that really helps you in the really world....So don't waste your money other Real Estate Games that my cost you $500 or even $1000... Save your hard earned cash... And Buy Monopoly it's cheap and very affected...<P>When me and my Real Estate friends come over and play we change the rules a little ... We actually take the game serious...We do Joint Ventures with players... we have two witness for any agreements that you may want to come up with...<P>-Remember I would rather lose Monopoly money then Real MONEY any day!!<P>EXAMPLE:<P>Also, you may work out a deal that consist of you trade a piece of property for another valuable property, but you negotiated that if you land on the other players property that you don't have to pay rent on the property for five times, etc...<P>These just a few types of different methods that you can use for this game... Remember if you take it serious and think and act like a really business man or women... The game is also great way to tell how people really our in the Business World... I found that if someone is shy, and timid on the game well in real life they our same.... On the other hand if you're a risk taker in the game you may be one in real life... (And not to brag, but I have not been beaten in this game for a long, long time.. so whenever you have a Monopoly game just email me and I'm there.)<P>These following items you may need if you play Franklin Cruz way:<P>Couple sheets of Blank Paper: For Agreements, Contract, Lease Option etc... <BR> Calculator: to add your % with your other partners etc...<BR> Pencil: To write or erase some items on your agreements<BR> Blue Pen: just like in really life... You need a blue pen to sign agreements and contract this game is NO different...<P>Alright, so now that you know the history, rules and items you need ... Go Buy your game a local Wal-Mart or K Mart...<P>And start practicing to become a Monopoly Millionaire so you can become a real life MILLIONAIRE!</div> <br><P>Published by:<BR> Franklin Cruz<BR> "I have done ever Wrong in Real Estate, so you don't have to..."<P><a target="_new" href="http://www.FranklinCruz.com">http://www.FranklinCruz.com</a><BR> <a target="_new" href="http://www.CruzTradeMarks.com">http://www.CruzTradeMarks.com</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Franklin_Cruz">http://EzineArticles.com/?expert=Franklin_Cruz</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="67" src="http://ezinearticles.com/members/mem_pics/Franklin-Cruz_143345.jpg" border="0" alt="Franklin Cruz - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-19054315789474048442008-06-06T20:52:00.000-04:002008-06-06T20:53:41.686-04:00Ten Steps To Become A Real Estate Appraiser in California<P><div id="body"><P>Becoming a real estate appraiser is not as easy as it may seem. In the State of California, the governing body which licenses appraisers is called the Office of Real Estate Appraisers or OREA for short.<a name='more'></a> The OREA oversees licensing of four levels of appraisers: Trainee, Residential, Certified Residential and Certified General. Here are the ten steps to become a fully licensed appraiser (Residential Level), one step above a Trainee level.<P><OL><P><LI> Take 150 hours of coursework including the 15-hour National USPAP Course.</LI><P><LI> Apply for the Trainee license. Wait 2 months.</LI><P><LI> After letter to take exam is received, register and take the State examination.</LI><P><LI> Pass the State examination.</LI><P><LI> Find a fully licensed appraiser to train you and sign your work.</LI><P><LI> Earn 2000 "experience hours".</LI><P><LI> Send another application with all the documentation to the OREA. Wait 2 months.</LI><P><LI> Receive your license.</LI><P><LI> Buy Errors and Omissions insurance.</LI><P><LI> Start networking.</LI> </OL><P>Many more articles can be written on each step. It generally takes 2-3 years from start to finish. Many people think that all appraisers do is go out to a home, measure it and think up a value. It takes many years to hone the skills necessary in developing an opinion of value. Since no two properties are alike, and all properties are unique, an appraiser's ability to take all the experience they have and apply it to a new situation becomes key in the success of their business.<P>To become a Certified Residential Appraiser, the applicant needs 200 hours of education, 2,500 hours of experience (encompassing no less than 2 1/2 years) and an Associates Degree (or equivalent). To become a Certified General Appraiser, you need 300 education hours, 3,000 experience hours (in no less than 2 1/2 years) and a Bachelors Degree (or equivalent).</div> <br><P>Dawn R Walker, Certified Residential Appraiser at <a target="_new" href="http://www.appraisersantaclarita.com">http://www.appraisersantaclarita.com</a> for more articles and information.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Dawn_Walker">http://EzineArticles.com/?expert=Dawn_Walker</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="67" src="http://ezinearticles.com/members/mem_pics/Dawn-Walker_142860.jpg" border="0" alt="Dawn Walker - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-49734969188609297442008-06-05T16:26:00.000-04:002008-06-05T16:27:41.831-04:00Tax Lien Investing - Keeping Your Exit Strategy In Mind<P><div id="body"><P>When investing in Tax Liens you need to first STOP and think about what you want to accomplish. Too many people just run to a Tax Lien Sale intrigued by the prospect of a very high interest rate (which they<a name='more'></a> will get) only to realize after they bought some good tax liens, that<P>1. The interest payments are not monthly or yearly but only when and IF the property owner redeems the Tax Lien on the property.<P>2. There is no way of knowing when and if the redemption will happen, and therefore there is not way of knowing when the investor will get his initial capital plus interest will be paid back.<P>3. It is possible to want to just get a high interest rate and then end up with the actual property (usually though that is a good thing and I call it "hitting the jack pot")<P>Whether these possibilities laid out above are an advantage or disadvantage to your investment heavily depends on what you set out to do in the first place.<P>If your investing goal is to get the actual property, then ending up with a high interest rate but without the property is not what you set out to do.<P>If your investing goal is not property ownership but instead a secure, safe and high interest rate then you don't want to invest in a Tax Lien Certificate on a property that has a high likelihood of not being redeemed. Chances are you would not get your interest payments ever and would be forced to foreclose on your Tax Lien, and then you would still have to go through the effort of selling that property to get your money back. (but the good news is that once you do that chances are you got a multiple of your initial investment back)<P>Although you never will know in advance whether or not a property will be redeemed or not you can massively increase your chances of betting on the right kind of property by applying some rules to the list of available properties coming up for Tax Lien or Tax Deed sale.<P>In any case the bottom line is, when investing in Tax Liens make sure you know what the rules are and don't invest money into Tax Liens which you might need for other purposes in the near future. Because it might take several years for the owner of a Tax delinquent property to pay up, or it might be only weeks. One never knows.<P>And get in with the exit in mind. It will decide which properties you invest in.<P>What do you think is more likely to be redeemed down the road, a Tax Lien on a 1,000,000 custom home in a gated community, or a 100,000 boarded up junker with man high weeds in the front yard? The answer is clear. So depending on what your investment goal is, a high Interest rate or Property ownership you know which Tax Lien you should go after.</div> <br><P>Jack Bosch began investing in real estate in 1999. Along the way he discovered a secret system of buying land for literally pennies on the dollar and reselling the property for thousands more. Since his first transaction he has personally bought and sold over 5000 properties using his fine tuned system. Jack to this day still invests and profits from real estate, however now he also offers his secret strategy of buying and selling real estate for huge profits to You! You can find his complete wealth building system at <a target="_new" href="http://www.LandForPennies.com">http://www.LandForPennies.com</a> and at <a target="_new" href="http://www.SecretLandProfits.com">http://www.SecretLandProfits.com</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Jack_Bosch">http://EzineArticles.com/?expert=Jack_Bosch</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="106" src="http://ezinearticles.com/members/mem_pics/Jack-Bosch_116079.jpg" border="0" alt="Jack Bosch - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-49892271457700302312008-06-04T20:13:00.000-04:002008-06-04T20:14:40.815-04:00Take Credit for Heritage Restorations<P><div id="body"><P>For a long time heritage properties suffered from a bum rap. Investors were reluctant to purchase a piece of the past because of the cost of dragging it into the present. Fortunately, in the last few decades,<a name='more'></a> older properties have been rightfully recognized for their beauty and historical value and have become a hot commodity. Yes, there is often work to be done on heritage buildings, but there are also financial incentives for restoring these properties to their former glory. After all, restorations create employment and the finished product is culturally significant, making it a draw for tourism and improving the quality of a neighborhood over all.<P>In fact, property owners in Maryland can benefit from potential federal, state and local tax credits for improvements and renovations. Maryland is serious about encouraging people to restore historic homes or income-producing buildings. If you don't live in Maryland don't worry - the state credits have no residency requirements, making it an equal opportunity investment opportunity. If you have a heritage property outside of Maryland you may still be eligible for the federal program. With all of these incentives, be sure to check the program requirements before starting any work.<P>Whether you are a home owner or a long-term lease holder of an income producing certified heritage structure, you can apply for a Federal Rehabilitation Tax Credit of up to 20 per cent of a restoration. If your property has not been certified, you can apply to have it certified or take advantage of the 10 percent credit for non-historic, non-residential buildings put in service before 1936. These credits have been used to revitalize buildings that were seriously dilapidated. They can be applied to all kinds of work on the building including, "architectural and engineering fees, site survey fees, legal expenses, development fees, and other construction-related costs".<P>In a further effort to encourage folks to restore heritage properties, the Maryland Historical Trust administers the state Heritage Preservation Tax Credit program, which offers Maryland income tax credits for 20 per cent of the qualified capital costs. These credits can be used towards interior and exterior rehabilitation, certain landscaping projects, plumbing and electrical upgrades, architectural fees and more.<P>In addition, the Maryland Historical Trust offers low-interest rehabilitation loans to people who use the Heritage Preservation Tax Credit Program. This loan can be used to acquire, restore or rehabilitate property making it easier for you to do more with less.<P>Within Maryland, many counties and municipalities also offer property tax credits and/or a freeze on tax assessments (for up to ten years) to encourage people to rehabilitate historic buildings. Again, these programs apply to homes and income-producing buildings designated as historic buildings.<P>Although some (but not all) of these incentives require you to maintain ownership of your property for a time in order to enjoy the full tax benefits, you are significantly increasing both the appeal and the value of your home. When it does come time to sell, you will see the fruits of your labor. In the meantime you can enjoy the beauty of your heritage property, knowing that you have helped preserve a piece of history for future generations to enjoy.</div> <br><P>This article was written by the team of Maryland's first "EcoBroker" designated real estate agent, Branden Schroeder. To search <a href="http://www.marylandhomesandproperty.com/severna-park.php" target="_blank">real estate in Severna Park</a> or for more information on <a target="_new" href="http://www.marylandhomesandproperty.com/">Maryland Homes and Property</a>, visit Branden online at MarylandHomesAndProperty.com.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Branden_Schroeder">http://EzineArticles.com/?expert=Branden_Schroeder</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-24040230701584893002008-06-03T12:39:00.000-04:002008-06-03T18:37:03.384-04:00Siesta Key Real Estate Options - More Than Just Sun, Sand And Beaches<P><div id="body"><P>In the city of Sarasota, Florida, there are a number of barrier islands called Keys, that have rose to fame in the past decades as lovely places to have a vacation, and purchase elegant and wonderful residential<a name='more'></a> and housing opportunities.<P>Siesta Key is one of them. This lovely key is located along the Gulf Coast just south of Tampa. It is part of Sarasota county; and is considered as one of the nicest, friendliest, well kept areas in this part of the state. At present, there are approximately 24,000 residents in the city. Some of the residents here are long-time Sarasotans, while a large number flock here during the fabulous Florida winter vacation season.<P>This metropolitan area is renowned as the "crown jewel" of the South. The pristine, crystal white-sand beaches of the barrier islands of Siesta Key, Lido Key, Anna Marie Island, Holmes Beach and Longboat Key, a thriving and strong economic climate and the overall real estate market attracts tourists and home buyers from all over the world.<P>A Truly Wonderful Place To Live And Buy Homes<P>The housing choices are great, and offers potential buyers a wide array ranging from single family homes on the Sarasota mainland, to condominiums on Siesta Key Longboat Key and Lido Key; Anna Marie Island. In addition, there are new homes constructed on Lakewood Ranch & Manatee County exclusive gated communities and golf course settings.<P>Sarasota and the surrounding Gulf Coast areas in Florida are wonderful places to live. With many homes for sale, condos, and new luxury estates available how do you find the best real estate in the Sarasota and Gulf Coast region? The secret is finding a licensed real estate broker who can show you the best real estate choices suited to your needs.<P>Median Home Prices in This Area<P>Siesta Key is famous worldwide for the quality of its white-sand beaches, as well as being a wonderful place to live. The island offers a wide selection of homes for sale, ranging from condos, apartments, townhouses, and luxury waterfront estates.<P>However, how could you find the best home options suited for you here? The secret is in asking for advice from the city's many licensed real estate brokers and agents, who can fully show you the best there is to offer here. For the city as a whole, the Average Price for residences here stands at $436,907, with the median price pegged a $ 299,000.<P>For those wishing to purchase condominiums, the average price for these units is $512,657, while the median price for condos is $ 310,000. For starters, the average price refers to the total price of all of the sold homes divided by the number of homes sold. The median price refers to the value that separates the highest half of the sample from the lowest half.<P>Siesta Key's beaches are considered to be one of the finest in Florida, and in the entire US as well. However, this key is not just about sun, sand and beaches. Going further inland, tourists and prospective home buyers will discover a eclectic and unique artist's and writer's colony that features unique stores, boutiques, shops, cafes and fabulous dining establishments and recreation facilities.<P><a target="_new" href="http://siestakeyrealestate.com">http://siestakeyrealestate.com</a> - Siesta Key Homes</div> <br><P>Vanessa A. Doctor from <a target="_new" href="http://jump2top.com">Jump2Top - SEO Company</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Vanessa_A._Doctor">http://EzineArticles.com/?expert=Vanessa_A._Doctor</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-62589100727969809642008-06-02T10:52:00.000-04:002008-06-02T10:53:38.665-04:00Sheriff Sale Tips - What Am I Bidding On?<P><div id="body"><P>Just like most investors you are looking for the best real estate deal that you can find. In order to do this you have to look at all real estate marketplaces. I have found that in my experience the real<a name='more'></a> estate market place that has the most confusion is the sheriff sale. There is not a lot of information on the sheriff sale and it can be pretty frustrating to a investor who is just starting out. I wrote this article to clear up a few concerns that a new investor may have. My experiences may help guide you in the right direction or at least identify the right questions to ask when you start to look into sheriff sales.<P>You are bidding on foreclosed property that went through the whole foreclosure process and it is now available for auction at the courthouse. The properties that you are bidding on have usually taken some time before the foreclosure process is complete. That means that most properties have been vacant and depending on the area may or may not have been winterized. In a lot of cases these properties will have been vacant for a considerable amount of time. In some cases a year or more. In a year a lot of things can happen to a property. It is not a bad idea to assume the worse when figuring what it is that you want to bid on a particular property.<P>For example the lack of winterization can completely destroy existing plumbing in cold weather climates. And the fact that a property stands vacant can ruin landscaping and other features of the property without the proper maintenance. I find that it is a good idea to include the worse case scenario in your estimates so that you can conservatively come to a estimate that keeps you, as the investor, financially safe. The reason that I take the conservative approach is the fact that you are not able to see inside of the properties that are on the sheriff sale. You will be able to drive by the properties but there is no showing like you would normally see in a property that is for sale by a real estate agent for example.<P>So basically you are bidding blind. You will not know what is in the property until you actually buy the place. I have been both pleasantly surprised and disappointed in properties that I have bought on sheriff sales. Some properties that are bid on may have people living in the property. They may be tenants or the previous owners or the actual owners of the property. These people are a great source of information to you as the real estate investor. In most cases I found that they are more than willing to talk about the whole situation. In some cases the property owner may even work out a deal with you before the property actually goes through the sheriff sale. This is a great situation for you because you don't have to bid against anyone to get the property.<P>In summary you may not know exactly what you are bidding on in a sheriff sale. I found that it is a good idea to keep all estimates conservative. This way you will have at least have a buffer zone to work with if there are any unforeseen problems that may arise.</div> <br><P>For more articles visit <a TARGET="_new" href="http://www.rentalrealproperty.com/">http://www.rentalrealproperty.com</a> for information and news on investment and rental property.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Craig_A_Williams">http://EzineArticles.com/?expert=Craig_A_Williams</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><img height="90" width="127" src="http://ezinearticles.com/members/mem_pics/Craig-A-Williams_132997.jpg" border="0" alt="Craig A Williams - EzineArticles Expert Author"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-37588678881082711182008-06-01T13:39:00.000-04:002008-06-01T13:40:38.923-04:00Seniors Real Estate Comes In Many Flavors!<P><div id="body"><P>Seniors real estate listings, through duly licensed real estate agents are the best way to go if you are selling or buying property! After making this statement, let's paint a real life picture and see why<a name='more'></a> this is the best path to follow.<P>It's amazing the variety of free advice you'll get when you announce you're going to sell your house in the open real estate market.<P>Your next door neighbor will tell you to stick up a for sale sign, and in time a buyer will stumble onto your door step. The flip side of this sage advice is to throw an ad in the local shoppers newspaper and your phone will ring off the hook<P>The rationale behind all of such counsel is really sincerely given and altruisitic in nature! Accompanying this advice are tales of miraculous profits made by legendary senior sellers who went agentless.<P>Your neighbor had heard about these Robin Hoods down at the barber shop. Seniors who actually sold their property this way.<P>Don't scoff at them! Your would be advisors are simply trying to save you a few percentage points off the sale price that would go to a real estate agent.<P>And you know what real estate agents are like, they say with a wink and a nod. An agent will drag your real estate listing out until Rip Van Winkle goes back to sleep.<P>Okay, let's identify real estate agents!<P><OL><P><LI>They are men and women in good legal standing in the local community. If they had a criminal record of even a minor nature they would never receive an agent's license.</LI><P><LI> They had to attend a legally specified number of hours of real estate training at an accredited real estate school.</LI><P><LI>They had to pass a state administered test and investigation to acquire a real estate license. This enables them to practice their profession within the state.</LI><P><LI> They had to then work under the administration of a licensed real estate broker.</LI> </OL><P>A very wise man once said that it only takes an hour to learn how to operate an automobile and get a drivers license. But it takes a life time of experience to learn how to drive a car safely and live through it.<P>A real estate agent, newly minted license in hand, is authorized to practice the business. But he/she will spend countless more hours and days studying. They will need hands on understanding of the intricacies of marketing the transfer of property within their areas.<P>First they must grasp the world of real estate marketing. They will then immerse themselves in the details of legally transferring the ownership of property under their direction.<P>There is much more to buying and selling property, than just being a senior, and putting up a sign or placing an ad in a newspaper.<P>A licensed real estate agent will give you the entry into the wonderful world of the MLS. The Multiple Listing Service. Your property, once it's listed on the MLS will be seen by the eyes of thousands of real estate agents and brokers.<P>A prospective buyer for your listing may already exist and be represented by another agent. Your agent will be contacted and a sale may be in the offing. Don't concern yourself with tales of taking a long time to make a sale.<P>Be an informed senior, and understand that your real estate agent won't be paid until your property sells and clears escrow.<P>Your agent wants to sell your seniors real estate listing just as much, and as fast as you do. They will do everything possible to make the sale happen quickly.<P>© Raymond Angus</div> <br><P>Raymond Angus is a widely read author of articles and books. He writes about fellow seniors and their world. To read more of his writing turn to: <a target="_new" href="http://www.theseniorslife.com">http://www.theseniorslife.com</a><div><P>Article Source: <a href="http://ezinearticles.com/?expert=Raymond_Angus">http://EzineArticles.com/?expert=Raymond_Angus</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.comtag:blogger.com,1999:blog-21207588.post-91742170893095464862008-05-31T10:00:00.000-04:002008-05-31T10:01:37.632-04:00Selecting the Right PG Accommodation<P><div id="body"><P>Ok, let us make this short and simple. Here are some simple tips for your reference...<P>• Location - If you are looking at something close to your college, office etc - mark the suburbs you would like to<a name='more'></a> stay in. For example, if you are working in say Bangalore and your office is in Sarjapur outer Ring Road, then you can mark - HSR Layout, Koramangala, Airport Road, Marathahalli, Brook Fields etc as the right place to stay.<P>• Safe & Secure place - Look for a place which is easily accessible from the main or arterial roads. Especially if your PG has a nice and secure compound wall, it really helps. If you are a lady ensure that your PG place is not lost in intricate by-lanes. However, be careful not to select a place bang on the road, the disturbance from traffic will not give you a peaceful sleep. You may also want to look into dog menace, some neighborhoods are infested and you might find it difficult to go early in the mornings and return late nights.<P>• Community & Privacy - A PG is a home away from home, you need the warmth of a good community who you can establish some social connections, but at the same time, ensure that you have your privacy. Check your room-mate out, likes, dislikes, hobbies, quiet-time etc. If it is a single stay, ensure that you have your own room which has good lighting and ventilation.<P>• Convenience - Often bachelors, singles and couples, don't cook. So you might want to check out for neat and clean restaurants near by. Bachelor mess in the vicinity is a good indicator of a lot of PGs around the area. Figure out if there are home delivery outlets. Besides restaurants, check out gas-station, post-office, nearness to auto-stand, bus-stop. You might travel once in a while, nearness to railway station, bus stations and airport may not be a criteria on top of the list.<P>• Amenities - Make a list of what you want, don't availability of water, power, hot-water geyser, fans etc in your list, because this is the most discomfiting part of the whole arrangement. Ask for laundry and cleaning facilities, basic hygiene and convenience helps.<P>• Restrictions - Talk to your land-owner and check the conditions and restrictions, if they are too many, you might want to think twice. Typical restrictions include partying, noise levels etc. Those are aspects, which you obviously need to adhere to. Often PGs don't have pets, if you have one, make it clear up-front. If the place offers breakfast, dinner etc, then ensure that you have a good understanding of what is provided, this tends to be the most contentious issue often.<P>• Rent - A locality more or less offers standard rentals, unless the place you are selecting offers amenities which are high end. Typically, upscale locality, with single accommodation and great menu tends to be costlier. If you are looking for long-term, you can always negotiate the rent, but then you will have to commit the same in the rental / lease agreement. If you are in a transferable job, it is better to commit short-term and keep extending the contract, but then the rentals typically tend to be high.<P>• References - Ensure you speak to your friends, potential room-mates or earlier tenants to ensure that you are taking the right place. Speak to the land-owner to give you the contacts. This is the best advice we can give. Good luck...Happy Renting!!!</div> <br><P>Published on <a target="_new" href="http://www.payingguest.in">http://www.payingguest.in</a><BR> Content and logos belong to the respective owners as appropriate.<div><P>Article Source: <a href="http://ezinearticles.com/?expert=Parul_Srivastava">http://EzineArticles.com/?expert=Parul_Srivastava</a></td><td><div style="padding:0;margin:0 0 0 10px;border:1px solid #fff;background:#fff;"><br><br><br>Kirk McDonoughhttp://www.blogger.com/profile/04019231603317445018noreply@blogger.com