How to Make Money in Real Estate Investing Lower Your Taxes when wanting to make money with real estate investing. Tax incentives for real estate investing can often make the difference in your tax rates. Deductions for rental property can often be used to offset wage income. Tax breaks can often enable investors to turn …
Tag: tips
Oct 25
A FEW POINTS ABOUT INTEREST RATES!!
A few points about interest rates. Less is more when it comes to interest rates. If you’re new to investing or real estate and don’t know the first thing about interest rates, here’s a good tip: the higher the interest rate, the more expensive it’s going to be. High interest rates mean you will have …
Oct 25
Showing the House to Potential Home Buyers
Showing the House to Potential Home Buyers Your house should always be available for show, even though it may occasionally be inconvenient for you. Let your listing agent put a lock box in a convenient place, to make it easy for other agents to show your home to home buyers. Otherwise, agents will have to …
Oct 20
The Listing Agent – Marketing Your Home to Other Agents
The Listing Agent – Marketing Your Home to Other Agents The Multiple Listing Service Even before the sign is up and the brochures are ready, your agent should list your property with the local MLS (Multiple Listing Service). The MLS is a database of all the homes listed by local real estate agents who are …
Oct 19
The Listing Agent – Preliminary Marketing of Your Home
The Listing Agent – Preliminary Marketing of Your Home The “Real” Role of a Listing Agent When you bought your home, you probably used the services of a real estate agent. You found that agent through a referral from a friend or family member, or through some sort of advertising or marketing. The agent helped …
Oct 18
Listing Commissions and Related Issues
Listing Commissions and Related Issues Are Commissions Negotiable? In some areas of the country there is a certain percentage that real estate agents expect to earn as a commission.This commission amount is a certain percent of the sales price.Or, some companies will charge a set fee for their services.However, just like anything else in real …
Oct 18
Details of a Listing Contract
Details of a Listing Contract Obviously the name of the seller and the property address will be included in the listing contract. There are many other things that are included, too, and you should be aware of them. Price and Terms of Sale When setting the terms of sale, the main thing you are concerned …
Oct 17
Types of Listing Contracts
Types of Listing Contracts There are several different types of listing contracts, but very few of them are used. The “Exclusive Right to Sell” is the most common, but there is the “open listing,” the “exclusive agency listing,” and the “one-time show.” Open Listing The “open listing” is mostly used by people trying to sell …
Oct 17
Want to Start Off With a High Sales Price? Beware!
When Your Selling Price is too High, Beware! Meeting With Real Estate Professionals So you’ve decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule appointments with three local listing agents who’ve been hanging stuff on your front doorknob for …
Oct 14
Getting Your House Ready to Sell
Getting Your House Ready to Sell Introduction – Emotion vs. Reason When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a “home.” Yet if you are selling property, they will often refer to it as a “house.” …
Oct 14
Selecting Service Providers
You and the Seller Must Agree Buying a home does not occur in a vacuum, involving only you and the seller. There are all kinds of people and services involved behind the scenes to make it happen. Since some of these services affect both you and the seller, there will have to be an agreement …
Oct 13
How FHA and VA Loans Affect Your Offer
Extra Costs to the Seller If you are obtaining a VA or FHA loan in order to finance your purchase, you must include that information in your offer. This is because government loans place additional financial and performance obligations on the seller. Non-Allowable Fees First, VA and FHA loans prohibit buyers from paying certain types …
