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Goose Creek & Hanahan, SC Real Estate Investor Tip for the Week of Jan. 18, 2009 - 01/23/09 10:24 AM
Tip: Build a Huge Cash Reserve. Here is why:1. You can buy with Larger Down Payment. - Financing for investment properties will require a larger down payment than in the past (i.e. 20 - 30% down). - There will be POSITIVE CASH FLOW. - There will be EQUITY in property day 1.2. Money will be set aside and available to manage the property vs using personal funds. - Pay for maintenance and emergency repairs. - Pay for Improvements (i.e. roof). - Pay for Management Company (i.e. managment fees, evictions, and etc.). - Pay mortgage when there is a vacancy. I (0 comments)
Goose Creek & Hanahan, SC Real Estate Selling Tip for the Week of Jan. 18, 2009 - 01/21/09 08:40 AM
Tip: The home needs to have curb appeal. Curb appeal is probably the most important criteria for buyer to considering looking at your house for sale next to listing price. Especially in today's real estate buyer's market. The market is very competitive with a lot of foreclosures coming and on the market already. It is very critical to put your best foot forward when trying to sell. The goal in having nice curb appeal, makes the homes easier to see from the road and it makes it appear that has been well maintained and simple to take care of. Remember we are trying (0 comments)
Goose Creek & Hanahan, SC Real Estate Buying Tip for the Week of Jan. 18, 2009 - 01/20/09 09:32 AM
Tip: Use REALTOR or Real Estate Agent. A Real Estate Agent or REALTOR is not only a professional, but offers the following sevices to a buyer for FREE: 1.) Is the Buyer's guide through the home buying process. 2.) Helps Buyers identify what are the most important criteria in their next home. 3.) Identifies homes for the Buyer that meet their criteria. 4.) Provides real estate market information and analysis. 5.) Is an objective second set of eyes when looking at homes. 6.) Negotiates and arbitrates on the Buyer's behalf. 7.) Helps Schedules Home Inspection, Closing, and etc.
These 7 reasons, can save the Buyer $1000s (0 comments)
Goose Creek & Hanahan, SC Real Estate Selling Tip for the Week of Jan. 11, 2009 - 01/14/09 10:45 AM
One the most critical pieces to selling a home is the initial Listing Price.If the homes in your area are not selling in reasonable amount of time, it sometimes makes difficult to sell a home if it is on the market for longer than 60-75 days. Even if the price has been dropped significantly.This why it is critical to determine a initial listing price that attracts buyers to come and take a look. Since most the United States and parts of the world are in Buyers Market, it is even more critical to list a home with price that makes the (1 comments)
Goose Creek & Hanahan, SC Real Estate Buying Tip for the Week of Jan. 11, 2009 - 01/13/09 10:13 AM
When buying a house, there are a lot of things to consider? If you do not decide up front on what is important, it will make it very difficult in finding the perfect home.Before you begin to start looking for a home, this weeks Tip is to determine what are the 5 Most Important Things (i.e. must haves) you need in your new home.Here is a list to get you started:1. Purchase Price or Monthly Payment2. Location (near schools or the interstate)3. Neighborhood4. # of bedrooms5. # of bathrooms6. square footage7. 1 or 2 story8. Old or new9. Lot size10. Property (0 comments)
Goose Creek & Hanahan, SC Real Estate Selling Tip for the Week of Jan. 4, 2009 - 01/10/09 07:21 AM
Use a Real Estate Agent.Why?1.) They know more about the local real estate market. They know what is selling and what is not.2.) They take care of all the paperwork, which some sellers neglect if they attempt to sell their home themselves.3.) They do the marketing of the home, which is more than an open house, an ad in the paper and put it on the MLS.4.) They do not have emotional attachment to the home and can look at the home from a buyer's perspective. Note: This is a problem some FSBOs have when they try their homes, they think (0 comments)
Goose Creek & Hanahan, SC Real Estate Buying Tip for the Week of Jan. 4, 2009 - 01/07/09 08:33 AM
Buy a home when mortgage interest rates are low. A low interest rates can mean more home for the money and lower monthly mortgage payments.Reason 1: More Home For The Money:For example, your monthly mortgage payment, excluding insurance and property taxes, with the current average interest rate of 5% would be:$100,000 - $536.82$150,000 - $805.23$200,000 - $1073.64$250,000 - $1342.05$300,000 - $1610.4Depending on the current rental market, this gives you a good idea how much it will cost you for a new home.Reason 2: Lower Monthly Payment:For example on a 30 yr. fixed mortgage with a loan balance of $100,000, here is what the (0 comments)
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal and that is the goal for this blog.
To achieve this goal, I am looking to provide local (i.e. Goose Creek and Charleston, SC Area) and national real estate market statistics, tips on buying, investing, and selling real estate, homes for sale, and more (i.e. current events).
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.