The buying process is probably the most challenging and stressful step in real estate investing, especially for beginners. Follow the steps below to make your property purchase go as smoothly and profitably as possible. 1. Make an Offer The asking Read more…
There are six main types of properties to consider when investing in real estate: Single-family homes Multi-family homes Apartments Condos and co-ops Commercial property Raw land Each type of property presents a unique set of features and responsibilities—from financial to Read more…
When you and the seller have signed an agreement on the terms of the sale, you’ve got a ratified contract. Now you enter the final stage of the home-buying process, which is called escrow. Escrow Escrow means putting something in Read more…
It’s rare for a seller to accept a first offer from a buyer. More often, the seller either rejects your offer in favor of another or responds to you with a counteroffer. A counteroffer is usually a one-page sheet that Read more…
While hunting for a house, it’s crucial to remain realistic, organized, and a bit thick-skinned. If you don’t approach the process with a clear sense of your budget and expectations, you can either get carried away and buy a house Read more…
When you buy a home, you’re also buying the neighborhood surrounding it. The neighborhood is important not only because you’ll have to live in it but also because the neighborhood’s quality will have a big impact on the appreciation value Read more…
A lender considering whether to approve you for a home mortgage will examine your credit history—your record of paying back loans, including credit card bills. If you have a “good” credit history of repaying loans on time and in full, Read more…
Though you’re not required to use a real estate agent when buying a home, a good agent will make the process much easier for you. Besides, a real estate agent’s services usually are free for the home buyer. It’s the Read more…
Buying and owning a home is almost always a better financial decision than renting. Yet buying a home isn’t always the right decision for everyone. So before you jump into the home-buying process, it’s a good idea first to figure Read more…
A real estate lawyer can answer your questions, assist you bargain, and take care of a lot of the tiny things you might not be aware of if you’re a first-time buyer or purchasing or selling a home without the Read more…