Defining the Bona Fide Purchaser in real estate transactions is critical for the new owner of a piece of real estate. For sale by owner deals, inheritances, and seasoned investors in the frenzy of a real estate boom can get caught purchasing what is already ‘owned’ by or sold to…
These are the top ten real estate investment myths. People believe they need to be rich. A person will automatically make money if he finds a good real estate deal. People complain they do not have the time. Without spending hours on the computer, people will be surprised by how…
When you are looking to get home insurance online, price might be the first thing that you look at when comparing similar quotes. However, there are several other factors that are important to consider. One of the most important is the rating of the home owner insurance provider. Companies are…
A more reliable second home alternative to time-shares are condo-hotel. Condo-hotels are attractive, high-rise hotels found on the beach or in other such prime locations. Their prices range from around $250,000 to over $1 million – depending on its location, size and available amenities. The Hilton, Four Seasons, Ritz-Carlton and…
Here is a look at Escrow, prevalent in many real estate transactions. What is Escrow? – It is a third party that takes posession of the funds and acts on the instructions of the parties to the deal, which is this case would be te buyer and seller of the…
The global stock market has been on a decline with gloomy economic forecasts looming overhead. As a result, investors shied away from investing more money in stocks and instead looked for other alternative investment vehicles. This led to boom in real estate markets across the world. If you are still…
Owning your very own home is everyone’s dream. It starts off however with the question that everyone poses to themselves: should I buy one or rent it out? The answer however is never obvious. Affordability always is one of the defining factors. Here are five questions that you must ponder…
When buying a piece of land, one should consider a number of factors. Primarily, you must always take full stock of the situation and consider the realities. Keep in mind that the countryside means cheaper land. Most people buy a lot because they want their dream house. However, when buying…
Most real estate agents tend to recommend only certain home inspectors to prospective home buyers. The truth is that sellers of the property pay most real estate agencies’ work on an average commission of 6%. This means that a house selling for $400,000 has a potential commission of $24,000. Selling…
Real estate agents will advise you that it is much better to have a preapproved loan letter than to be prequalified for a loan. A preapproval letter for a loan is a letter from the lender that expresses confidence in the borrowers’ ability to payback the loan. The lender would…