home buyer guide: What Wall Street Does not WANT you to know about real estate
- 11/15/22 08:54 AM
Believe it or not, this is what Wall Street is trying to hide from us during the recession. As you may all know, everyone's hesitating to buy a home in today's housing market, and it's all because of the media scaring the public about the housing market crash. While this is happening, big firms like Blackstone are preparing to buy billions of dollars' worth of a real estate. The lack of demand pushes the prices down, and once the demand is back up, guess who's going to win - the big fish. These big firms know that there's a shortage of single-family homes, especially (0 comments)
Welcome to another edition of the Worst Advice series, where I discuss the worst possible advices someone can give you in real estate and tell you why. Let's say you've saved up some money, and you decided to buy your own home Congratulations! You found out that you still have some left, which for some reason can help you buy another house. Then your friend tells you, "man, just buy as much house as you can! Think about having multiple places to crash in every city. Then you can sell it in the future to buy even more houses! Then you can..." and (0 comments)
Happy Wednesday! And this is yet another entry for our Real Estate Alphabet Soup. Today's word is being used not only in real estate but also in other things as well. Without further ado, here's letter D! D for DownpaymentA downpayment is an initial payment from the buyer that is paid to the seller, which is a part of the whole amount of the property that both the buyer and seller agreed upon. The source of your downpayment will be very important for the lender. They would usually like to know if it's a gift money, grant money, or coming from a different (0 comments)
Happy Tuesday! Today we continue with the Real Estate Alphabet Soup, where we will be discussing terms all about real estate, from A to Z. Today's letter is B! B for Backup OfferIf you're a home buyer, sometimes, the tides might not be in your favor. Say that you really love to take this home for yourself, and your offer isn't winning -- like, perhaps, the second best offer out there. Like in most situations, things are much better when you plan ahead -- this is when backup offers come into play. Basically, what you can do is to ratify the offer to (0 comments)
Happy Monday! Welcome to the new segment we have tor this blog -- Alphabet Soup! So in a day, I'll be posting a terminology from the real estate industry, from A to Z. Then we'll be discussing that word to give more insights as to what it's all about. Since this will be the first time we're doing this, we start with A.: A for AppraisalAppraisal means the independent value of your home. As a buyer, your lender of choice or the bank will send an independent person to evaluate and ensure that you are not overpaying for the home of your choice. As (1 comments)
home buyer guide: Home Buyers- Simple things to do NOW while Planning to purchase your home in Spring 2011
- 12/09/10 07:57 AM
Whether you are a first time home buyer, empty nester planning to downsize or moving up to your next dream home holidays are perfect time to start planning for your future home. Ask for Contributions: Rather than getting newest gadget this holiday, ask friends and family to contribute money for your future home purchase. Place the money in a CD or savings account so that you don't spend it away. It will be a huge help towards your down payment or expenses that you will have while making the move. Get Educated: Speak to a lender and start understanding (2 comments)
Related Links:
Ritu Desai 703-625-4949
Northern Virginia,Washington DC & Maryland Realtor
"Ritu Desai is simply amazing. Her amazing nature is what led me to contact with her and help me to purchase my new home. Ritu Desai made me feel like ... more "
5.0/5.0
by Francis J. Wilson
2131172
"I worked with Ritu Desai to sell my house in Loudoun county. This was my first time selling property and Ritu Desai made it easy and made sure I was ... more "