Found 28 blog entries tagged as Realtors.

 

 

Strategic Analysis

When looking at both commercial and residential properties for the sake of an investment, one must ensure that they are getting the best deal possible. In order to do that, there needs to be a systematic way to look at a property and make sure that all aspects are accounted for. The Strategic Analysis method is the best way to make this happen. This method ensures that the potential buyer looks at four main areas of concern in the due diligence process: Financial, market and competitive, location and site, and political and legal. We will go into more depth on each one of these subcategories.

 

Financial Analysis

The purpose of an investment is to make money. In real estate, this is done in many ways, including…

11947 Views, 0 Comments

Read Full Post

 

There are many differences between owning a condo and owning a single-family home. People who live in condos tend to do so because they enjoy the convenience and benefits that come from condo living. These include but aren't limited to: lawn care, snow removal (for those here in Alaska), some utilities, exterior maintenance such as roof and siding, and community amenities like pools, playgrounds and patios. They offer a community lifestyle where much of the property maintenance isn’t the owner’s responsibility. If you are thinking about purchasing a condo, consider these five concepts.

 

 

1. Covenants, Conditions and Restrictions

First, you must understand what CC&Rs are. CC&R stands for Covenants, Conditions and Restrictions, and…

12253 Views, 0 Comments

Read Full Post

 

Financing Myths Debunked

 

It can be difficult to get financing for a residential loan, but it doesn’t have to be. There are many common myths that people believe that just aren’t true. Because of these misconceptions, many people don’t even apply for a loan because they have doubts that they would qualify.  We will address the most common myths and the only true method to secure financing.

 

“I still have student loans so I won’t qualify.”

The amount of college debt today measures in the trillions and grows every day.  In today’s world, almost every college student has a loan. If this myth was true, then there would be millions of people not able to buy a home in America. This misconception is very common and grossly inaccurate.

The resounding theme of…

13158 Views, 0 Comments

Read Full Post

 

There is a lot of mystery surrounding the mortgage financing world. With many different loan types and mortgage providers, it becomes difficult to know where to start. We are going to analyze, and break down, one of the most common loan types available, the FHA loan.

 

 

Before we talk about specifics, including pros and cons of using the FHA loan, lets explain the history behind it. FHA is the acronym for the Federal Housing Authority. The FHA was formed in 1934 during the Great Depression. This was done to spur home construction, reduce unemployment and increase the availability of loans to people.

Over the years the FHA has taken on many roles but at its core has kept the mission to keep housing affordable and achievable by all.…

10142 Views, 0 Comments

Read Full Post

 

Five Beginner Investor Mistakes to Avoid

 

It has been said by many people that investing in real estate is the key to building wealth. Andrew Carnegie, billionaire industrialist, stated it best, “Ninety percent of all millionaires become so through owning real estate.” However, how do you start, what are the mistakes to avoid, and where should you get your information from? This article will focus on the top five mistakes people make when beginning to invest in real estate.


1. Starting Too Soon

All too often, I see people who get too eager to invest in real estate and don’t quite understand what they are getting into or how to invest properly. They want to tell others, and themselves, that they are an “investor.” This title is not more important than the ability to purchase…

10174 Views, 0 Comments

Read Full Post

 

 

There is a lot of mystery surrounding the sale of a home. Many people don't know what happens after they accept an offer and before the transaction closes. Some are only concerned with what it is going to cost. Here we are going to lay out the timeline and explain exactly what happens. Keep in mind, there are going to be some slight changes depending where you are located and other transaction specifics. Ask a local realtor for the specifics, or contact Precision Home Group and we will make sure you get set up with the best Realtors in your area.

 

Accept an Offer

In order to start the process, we need to have an Accepted Purchase and Sale Agreement between you and the buyer. This can be stressful and take some time. I've seen…

14832 Views, 0 Comments

Read Full Post

 

In my last article, I cast a broad net and talked about the five most common real estate investments:

1. Flipping

2. REITS

3. Small deals (1-4 Units)

4. Big Deals (5+ Units)

5. Syndication

Today, we are talking about flipping real estate, the benefits and drawbacks that are associated with it, and a brief overview of what it entails.

 

Flipping

Simply put, house flipping is the act of buying a home and selling it at a higher price. This is typically done by finding a foreclosure, or a fixer-upper home that is in disrepair and needs a lot of improvements. It is then purchased, updated and fixed, then sold for a higher price than what was invested into it.  

 As TV shows like HGTV’s Property Brothers, Flip or Flop, or…

10758 Views, 0 Comments

Read Full Post

Don't take real estate advice from your______________?

Don't take real estate advice from your... ?

Doesn't it seem like everyone will you give you advice when it comes to real estate? Whether it's your parents, grandparents, friends or neighbor, everybody has a piece of “wisdom” they’d like to share. We’ve all been guilty of taking advice from the wrong source. Usually, the truth is they think they are helping! But, when it comes to investments, it's important to get help from the right sources.

In order to analyze the advice given to you and guarantee its validity, make sure you consider the following:

1. Are they experts in their field?

2. Do they heed their own advice?

3. What are their results?

4. Have you found supporting research and facts?

First, we must ask if the advice is…

10031 Views, 0 Comments

Read Full Post