When prices rise faster than their wages, people can obtain less real estate with their income. The natural fear under these circumstances is to buy whatever is available before there is nothing desirable available in a particular price range. This fear of being priced out causes even more buying which drives prices higher. It becomes [...]
Entries from February 2009
Buy Now or Be Priced Out Forever… Not!
Feb. 7th, 2009
Real Estate Investments- A Beginners Guide
Feb. 7th, 2009
Real estate is considered by many one of the best ways to invest money. In the long run, and in most cases the price of land, or a house will always appreciate in time. However, what you are looking for is not just any real estate investment, but an investment that can give you good [...]
McMansion Home Buyers, Risking It All
Feb. 7th, 2009
The other day we were watching a young, childless couple shop for a house in a Midwest market on TV. They were looking for a large, 6,000 or 7,000 square foot home for about $800,000 to $900,000. They were setting themselves up for a number of real problems. Here are some of them. 1. They [...]
Why is it Important to Set Goals in Real Estate Investing?
Feb. 6th, 2009
We have all heard how important it is to set goals in our lives, specifically when there is something in particular that we would like to accomplish. But, how effective are you at setting goals in real estate investing? One of the most respected motivational speakers, Zig Ziglar, in his new CD series Goals, outlines [...]
Uncovering The Secrets of Real Estate Investments
Feb. 6th, 2009
Real estate investments are often termed as low risk investments that can potentially yield good returns. A lot of people think that real estate is an easy business where you don’t really need to do anything. However, the truth is that real estate business does need you to put in some effort if you really [...]
What to Keep In Mind When Buying Foreclosures
Feb. 6th, 2009
With the economy going the way it is going house prices are dropping. This is a great thing if you are looking to buy a house. When looking for a home you will inevitably come across all kinds of deals and bargains along the way. If price is a very tangible object for you and [...]
Price-to-Rent Ratio for Housing is Like the Price-to-Earnings Ratio for Stocks
Feb. 6th, 2009
Just as stocks have price-to-earnings ratios (PE Ratios) used to establish relative value, houses have a price-to-rent ratio to establish relative value. Rent is the income or potential earnings a property can produce. It does not matter if the property is rented or if an owner lives in the property. The potential for rent is [...]
Investing In Commercial Real Estate
Feb. 5th, 2009
Real estate is often termed as the safest investment avenue. In fact, real estate investments done with proper evaluation of the property (and its true value), can lead to good profits. This is one reason why some people pursue real estate investment as their full time job. The talks of real estate are generally focussed [...]
How to Negotiate a Great Price on a Bank Owned Property
Feb. 5th, 2009
If you are in the market for an investment property or a new home for you and your family, you want to get the best deal possible. You’ve likely heard lots of buzz about buying foreclosure properties. Consider buying a bank owned property, also known as an REO property. REO homes are a special type [...]
A Few Tips on Selling Your Own Home
Feb. 5th, 2009
Selling your own home is never easy, and the difficulties ran more than just missing an agent. There are those memories and sense of belongings to get over, for one. You want to make sure the house you’ve lived in moves to the best buyer possible and you want to make sure they’re willing to [...]