We all want to get top dollar when we sell our house, don’t we? Setting off a bidding war on a property to get the most from a House Sale, however, is easier said than done. Even drawing a serious buyer alone would take some well-thought steps starting from planning to actual implementation. Consider…
Many senior homeowners 62 or older find a reverse mortgage attractive, and why not? This financial tool is a loan program insured by the Federal Housing Administration (FHA) wherein you could convert your home equity into cold cash. Also called home equity conversion mortgage (HCEM), this loan allows you to choose on a fixed monthly…
We will pay for you to move. Proceeds from the sale of your house could be significantly trimmed by closing fees plus other miscellaneous costs including the expenses in moving to your new home. Although many closing fees are the responsibility of the home buyer, many of the other expenses in closing a home…
We often hear or read foreclosure and short sale lumped or cited in housing market reports. These two real estate terms, however, are totally different though they have an interrelation. A foreclosure becomes imminent when a borrower misses mortgage payments for three to six months. If this happens, a notice of default will be…
A rental property is a major investment that for sure entailed some serious due diligence on your decision to become a landlord. Conversely, selling it would require a lot of critical thinking and analysis. Nonetheless, bias toward sale of an apartment or a landlord opting out is immediately suggested by these five signs: The Market…
Buying distressed properties, meaning a foray into foreclosures/REOs and short sales, and renting out the purchased houses could be a lucrative venture. There are some challenges though in order to successfully carry this out. Foremost of these is getting a cheap leverage or the right home loan financing to buy a distressed property. U.S. mortgage…
Time is gold is one saying that most real estate investors swear by, and for this reason, they are friends to folks who need to sell a house fast. Ventures in property investments require a sizable amount of capital or at least have established fund resources to finance the purchase of a property. Entrepreneurial minds…
An Owner Financing Example in St. Louis The easiest way I can think to explain owner financing is by using a real life example that we did here in St. Louis. We had a 4 family apartment building that was selling for approximately ½ million dollars. When I looked in my bank account I was…
Inheriting a house can sound like a great thing, but often it comes with a lot of difficult decisions. If you inherit a property or are the power of attorney for a loved one that requires a move to assisted living you want to make the right choice for all parties involved and this…
1.) Speedy Transaction. If you need to sell your house quickly going through the process of listing the house with a realtor, then making repairs to every minor issues and cosmetic issues can be too time consuming. Selling your property as is and working with a reputable investment company can speed the transaction up…