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Do You Have the Correct Home Buyer Mindset to be Buying a Home?
By learning what you need to know and preparing how to purchase a home ahead of time, you will be less likely to become so enamored with a particular property that you fall into the traps and the pitfalls that are so often the result of IDM, or Irrational Decision Making.
Do not allow your emotions to come before sound and rational reasoning when making the decision to purchase a home.
Let's face it; if you've been out house hunting, you know the feeling you get when you finally think you've found a house you really like.
You're like a kid in a toy store, excited about the possibilities that this dream house could really be yours.
When you go to see the home, you're herded through it like sheep in a predetermined pattern.
The option to sit down and have a good conversation with the owner is not available to you.
In other words, you're expected to make a decision on the largest single purchase of your life without having many of the facts you really need.
Of course, you're likely to get a home inspection and an appraisal done. But, if you think that's enough to protect you, you've got another thing coming to you.
After over 21 years dealing in real estate and its many players, I am here to tell you it simply is not.
Why? Because nobody else has to be as thorough.
It's not their home. They're not going to be living there.
And, whatever issues you end up having, they can't see them from their house!
Ask anyone who has ever purchased a home this one question:
After you purchased your home, were there things that you saw, noticed, or realized about the property that had they been seen, noticed or realized BEFORE making the purchase would have changed the way you proceeded with the home buying process?
Possible changes might have included:
Think about that for a moment.
What is the probability that you're going to be able to keep a level head when the real estate agent is telling you that you need to act quickly because there are three other showings after you?
And you "just love" the house...
If you are unprepared, but feeling pressured, how likely is it that you will make an informed decision quickly when you haven't even done any homework on the property?
Copyright 2005 Don Berthiaume
Don Berthiaume gives you the questions you need to ask when buying a home. For more details, and for a free 4-part mini-course in home buying, visit this site now: Buying a Home
Real Estate Bankruptcy
Although real estate bankruptcy cases no longer dominate the bankruptcy courts' dockets as they did in the early nineties, but they continue to be filed with great frequency in UK. At its essence, the real estate bankruptcy is a two party dispute between mortgagee and mortgagor.
How to Get Financing after Filing Bankruptcy
If you're thinking about buying a home but have declared bankruptcy in the past, don't give up hope. There are still ways for you to be able to find a loan, even if your credit history is less than sterling.
Real Estate Investors - Red Alert
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Small Town Stone House with a Long History
As a native Midwesterner, the first thing I noticed when moving to the Delaware Valley was the enormous number of fieldstone houses. Frankly, I'd never seen such a thing.
Real Estate Investing Deals That SkyRocket Your Net Worth 10-Fold
Consider these parameters for a real estate deal:Property Value: $250,000 Purchase Price: $160,000 Repairs: $2,500If you analyze the numbers, you see that the equity available in this deal is $87,500 (Property Value minus Purchase Price minus Repairs).So here's a hypothetical question for you: Assuming that the information above is accurate, and the property is located in an area that you view as acceptable and/or favorable, then:If I offered to give you this deal in exchange for $10,000 in cash, would you do it?Remember - this is hypothetical.
Do You Need to Download a Landlord Inventory On-Line Today?
Do you need to download a Landlord Inventory on-line now? Why is it so important to have a Landlord Inventory?Firstly, if you are a landlord, you need to be prepared. As much as we all like to think we can trust everyone, it is very important that buy to let landlords protect their investment property as thoroughly as possible.
Real Estate Growth: How Long Will It Last?
There has been speculation in the media recently about the fact that real estate will begin to fail and implode as it can only handle so much growth. In my humble opinion these theories don't hold a lot of merit and here is why.
Strata Title Hotel Investments
Want to know why Strata Title Hotel Investments can be a "Hell Hole" for the unwary?Hello, Colm here ..
The Person With The Most Money Wins!
More money can mean better:- Health Care - Relaxing Vacations and Adventures - Education for your children or yourself - Better home than you have nowBest of all it can reduce stress from not having to worry about money!Many of us have problems in life that additional cash will help solve the situation. Did you know that 80% of problems in life could be simply resolved with additional cash.
Avoid The Traps Of Finance
Most consumers are told where to get their mortgage because few people personally know and trust a mortgage or loan officer or correspondent (the same thing). It used to be agents would take their buyers out to find the house they wanted, then to their favorite mortgage company.
Ten Myths Of Real Estate Investing
Is real estate investing only for the wealthy? Can you buy with no money down? Do you have to know the "right" people? Let's answer by looking at some of the myths of real estate.1.
Personal Branding Techniques for Real Estate Agents and Brokers
Branding can be done to any product, or any person. Before undertaking an exercise in personal branding, however, consider your distinctive strengths and abilities and what they offer the market place.
What Homeowners Should Know to Stop Foreclosure- Speaking Your Lenders Language
Financial literacy is the means of empowering consumers to make informed financial decisions through exposure to accurate and timely information. In no other area is the void of accurate information more evident that in the area of foreclosure.
Types of Listings with Agents
There are several different types of listing contracts. Few of them are detailed below:Open ListingThis type of listing is when you, the seller, don't want to commit to any one particular agent and when you are also open to selling the home by yourself.
Before You Buy A House - Top 10 Tips
There are serveral things you need to think about and check on before you buy a house. Even looking at so many houses can be confusing.
Realtors: Forget Your Address?
It's a large real estate agency, and the company depends on a steady stream of leads. The website is classy, with delightful graphic elements and layout.
Why Invest In Property?
Why property, some people ask when looking for an investment. Well, as far as I am concerned, property investment is, and always has been, the most powerful type of investment for building wealth.
Investing in Residential Real Estate: Achieving Positive Cash Flow
When investing in real estate, it is highly desirable to achieve positive cash flow on a month-to-month basis. This is true even if you are counting on property value appreciation to supply the bulk of your desired return on investment.
Rental Property Management - Ten Questions
Why hire rental property management? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. You also have more time to find the next deal when there is someone taking care of the details for you.
Crossing the Gap from this Home to the Next: Bridge Loan
So you're thinking of getting into a bigger house. You call up the real estate agent and make an appointment to go see what the market has to offer.
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