It is very common to have a realtor tell a perspective buyer of an REO (bank-owned) property that this REO listing always sell at or above what it is originally listed for. If you examine the price history in the MLS, it is apparent that often times the REOs do sell at or above their listing price. But first impressions may not tell the really important story behind the sale of the property.
Tuesday, August 24, 2010
AP - TARNISHED PRICE: Copper prices fell Tuesday after a report showed sales of previously occupied homes plummeted to the lowest level in 15 years last month. Copper is used in manufacturing and construction, including wiring and pipes for homes.
Tuesday, August 24, 2010
AP - Copper lost ground Tuesday after a dismal report on home sales added to concerns about the slowing U.S. economy.
Wednesday, July 21, 2010
Real estate wholesaling is one of the ways you can make money without ever taking possession of a house or putting up a large amount of money for the home. You can tie up the property by putting it under contract for a nominal fee and then you sell it for a higher price than the price that was accepted when you put it under contract.
Wednesday, July 21, 2010
The number of foreclosures this year is on track to top one million. This is an unbelievable number. Isn't this scary for anyone investing in real estate? Or is it opportunities to build great wealth?
Monday, July 19, 2010
Apartment units are very popular with property investors, because they offer security, are relatively easy to rent out and if you buy in a good area, will experience excellent capital growth. Knowing how to evaluate an investment decision is important, but few investors consider the actual properties and if they are practical accommodation for prospective tenants. This can have a significant effect on how easily you will be able to rent the property out and ultimately the price you can fetch when selling it.
Tuesday, July 13, 2010
Since not everyone is wealthy enough to buy property with an outright cash payment, the price of property is a major issue to be taken into account when one considers buying a property. Most of the time, property is bought through availing housing loan from banks or private finance companies.
Thursday, July 8, 2010
First of all you need to understand what house flipping is. There is nothing too complicated about it. You buy a house at a lower price and then sell it back in a short period at a higher price; this is the simplest explanation of house flipping.
Friday, July 2, 2010
For those who are willing or motivated to sell their property, the best first question to ask them is: Are you willing to buy the property for the price you are selling it? This gives a very good inkling on the price they have set. Next, is asking from long time nearby neighbors if they would buy the property for price it is being offered.
Monday, June 28, 2010
There are a lot of people that have decided to buy a property now with the intention of selling it on at a later date. These buyers will hold on to the property as long as they can until the price increases enough for them to make a profit on it. This type of investment can be cashed in or held onto for as long as they want it.
Wednesday, September 1, 2010
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