Real Estate

When buying realestate what is the best type of government progam for African Americans?

admin — Mon, 19 Dec 2011 07:56:30 +0000

There are all kinds of grants you can get. Ask a loan officer from a local bank, if he/she doesn’t know, try another bank.

Can I find a californian realestate agent to sell my arizona home?

admin — Sun, 20 Nov 2011 06:30:11 +0000

I would like to put my home for sale available to the residents of california who are looking to move to arizona. Is it legal to have a realestate agent from california sell my home in arizona?
Great thanks all.

Only if the agent you pick is licensed to sell real estate in both California and Arizona.
Usually a real estate agent is licensed to sell in one state only.
You would do best to list with an Arizona realtor, and ask them to advertise in California too.

what are some downfalls to buying a forclosed home or multi family buiding?

admin — Sun, 13 Nov 2011 09:22:32 +0000

i want to invest on realestate, preferebly a multifamily buiding to rent out. But when i look at the prices online they look to good to be true, there must be a catch somewhere they arent showing. If you know anything about investing on realestate can you please give me advice on this issue.

From 1996 to 2001 I bought 14 homes all foreclosures and/or distressed properties. I sold all but three of them. I now own 2-2 Family units and 1-single family unit. The one two family was a VA foreclosure, the other two family was from a man who wanted out of the rental business. I have now owned all of them between 12-15 years. Great Tax advantages, some headaches, but you must be ready to put money into them. 15 years Rental property owner.
Check out www. how-to-buy-sell-foreclosures.com/landlord.html for more info

does anyone know if a realestate agent should give you a receipt for the downpayment for a home?

admin — Fri, 11 Nov 2011 05:28:05 +0000

If you are talking earnest money, most real estate agents give you a copy of the check along with the earnest money agreement. If you are talking actual down payment when you close, that is the function of the title company.

Can you ask a realestate agent to drop the price of a rental?

admin — Fri, 28 Oct 2011 02:16:08 +0000

I’m really interested in this property to rent but it’s about $20 a week over my budget I think they are also having trouble renting the property as there are desperately perusing me.

You can always ask, but I have NEVER seen or heard of the price of a rental property dropping just due to a potential tenant’s request that it is over his/her budget.

If they are having trouble renting the property (and you realistically have another acceptable option if they refuse to lower the rent), then you might have more leverage. But you also might want to ask yourself WHY they are having trouble renting the property. Perhaps there is something other than the price that makes it undesirable to other potential tenants?

Banks, saved by the government, need to finance thousands of RealEstate now?

admin — Wed, 19 Oct 2011 06:58:05 +0000

RealEstate Progress will bring up the economy rapidly, but the banks need to corporate,
especially the ones that took buyout. This should be a part of the deal.

I am not sure what your question is, but your statement is far more perceptive than most I see on Y!A. The bailout itself was heavily tilted by the power, wealth, and political influence of its benefactors solely in favor of those benefactors.

The callous greed of these benefactors is evidenced in their obdurate opposition to any contribution on their part to rebuilding our economy. We helped the wrong people.

We would have acted much more prudently had we bailed out most of the people who have lost their homes to foreclosure. The banks and other speculators holding questionable mortgages would have been paid off and thereby avoided bankruptcy without the hundreds of billions we poured directly into their coffers. Millions of homeowners would still have their homes; these houses would not be flooding the market depressing the value of residential estate.

With millions of people able to keep their homes and their equity, personal spending would not have fallen as precipitously as it did. Portfolios would not have lost their value; as a result, the big banks, insurance companies, etc., would have remained solvent and would have been able to keep all (or most of) their employees. With more people able to spend money, fewer businesses would have lost their customers. With more businesses solvent, fewer people would have lot their jobs.

The bailouts accomplished very little beyond quickly restoring to a few ultra-rich speculators and to monopolistic Corporate America the wealth (and much more) that they had lost in the early part of the recession. Now these corporations sit awash in $2 trillion, which they do not invest, their promises to do so notwithstanding.

We can still salvage our economy. Since the greedy elite will not invest this immense treasure without assurance of immediate profit, we should take much of that idle capital through taxation and spend it on rebuilding and modernizing our infrastructure. Doing so would not be MAKING work; it is doing work that is long overdue. In the process, we could put millions of Americans back to work–and back to spending and restarting our economy.

does anyone know if a realestate agent should give you a receipt for the downpayment for a home?

admin — Tue, 30 Aug 2011 18:10:22 +0000

yes, they should be giving you a receipt. you should also be using a bank check as well, not a personal one.

Is buying forclosed Realestate ever a BAD idea?

admin — Sat, 27 Aug 2011 23:35:05 +0000

I mean.. you are almost guaranteed a profit on it right? Since you are getting it below market value?

You are not getting it that far below market value. Unless you are talking about high dollar homes the costs of buying ands selling would eat up the difference

Does a realestate purchaser have recourse to a property developer not fulfilling project?

admin — Sun, 17 Jul 2011 04:11:04 +0000

It depends.

If the developer has gone BK. Good luck.

If the developer is still in business, but has changed the plans that the county/gvpt has agreed to, then yes. However, it will be a long road.

Google "clarksburg, MD". This is a project of thousands of homes outside of Washington DC. The developer changed plans in mid development and the homeowners sued them. It cost a lot of money.
This is a good case study.

www.gazette.net/stories/061108/germnew181223_32367.shtml

activerain.com/blogsview/521631/Clarksburg-Town-Center-News

How do you post a house for sale on realestate.com?

admin — Wed, 15 Jun 2011 22:23:18 +0000

I need help I can’t find out how to do it.

They pull from the MLS, there is no direct listings.