All Posts Tagged With: "buy"
10 Ways To Buy Homes In A Down Market
At first it may seem like a no brainer, low-hanging fruit and child’s play, but purchasing in a down market is not as easy as it may seem. The problem is not a shortage of homes or a lack of sellers willing to bargain, rather it’s that buying in such a market can be risky. [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
How To Buy 200 Foreclosures A Year
For many people it’s not the best time to be in real estate. Markets have slowed or declined in most local areas and financing is tougher to get than a year ago. Chicago’s Joseph Varan is also cutting back — this year he expects to buy no more than 200 homes. Varan is the president [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
Is Now The Time to Rent?
At a time when home values are soaring in most metro areas, along comes The New York Times with the thought that renting may well be a better financial choice than buying. The Times says that “after five years in which rents have barely budged while house prices in New York, Washington, Los Angeles and [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
10 Questions To Ask Before Buying a B&B
Pick up just about any newspaper or magazine and you can find ads for idyllic stays in the country, bed-and-breakfasts (B&Bs) not far from metro cores where owners live in beautiful surroundings, get paid for sharing and never worry about commuting. Not a bad way to live, and in some cases entirely delightful. But is [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
How To Get The Best Home Price In A Slowing Market
Reports across the country suggest that real estate in most areas of the country is in decline. None of this is terrible or awful unless you bought last year and must now sell. Those who have owned for a few years are well ahead in most communities. Consider that in 2000, according to the National [...]
7Sep2008 | Peter G. Miller | 0 comments | Continued
How Does A “Buy-Down” Reduce Mortgage Interest Costs?
With a “buy-down” you have a below-market interest rate (it is “bought down”) because either the borrower or the seller have given additional money to the lender up front. There are different forms of buy downs, most reduce interest costs in the first few years of the loan. For instance, if you pay an extra [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
Can Unmarried People Buy Real Estate Together?
Sure. Our society, and laws, provide certain benefits for wedded couples. Thus, if two people who are not married wish to buy real estate together, that’s fine. But a few caveats are in order. First, there should be a written agreement among the parties showing who owns what, the rights and obligations of each party, [...]
31Aug2008 | Peter G. Miller | 0 comments | Continued
Can Brokers Buy Their Own Listings?
Brokers and salespeople surely have a right to buy real estate, the question is under what circumstances. If Smith lists a home and later wants to buy it, Smith has access to information which may not be available to an arms-length buyer. Realistically, anyone in Smith’s brokerage firm may also have the advantage of such [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Can A Realty Broker Help Me Buy A Business?
In some states there have traditionally been “business chance” brokers, individuals specifically licensed to buy and sell businesses for another and for a fee. Such licenses in many states have been combined with real estate licenses, meaning that a real estate broker is allowed to buy and sell a business for another. Please speak with [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Should I Enlarge My Home Or Get A Bigger One?
If you enlarge a smaller home you may find that central heating and cooling systems need to be expanded to accommodate the additional volume of space and that the electrical system must be updated. In terms of a design, it is possible that the living room, dining room, and kitchen will be too small to [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
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