Dallas Real Estate Appraisal Myths And Facts | Dallas Real Estate Blog
Myth: If an Appraisal is done there is no need to obtain a home inspection on your Dallas real estate. Fact: As mentioned earlier the purpose of the Appraisal is to protect the lender. This does more for the people selling the Dallas … read more…
Huntsville Home Buyers Beware! | Huntsville Real Estate Resource …
Request a seller disclosure statement that puts the seller on record of known defects; Have the home inspected by a professional home inspector for an independent report; When an HOA is involved formally request a copy of their Convents … read more…
A Home to Address: An Imperfect House: Inspections and Repair Requests
For those of you buying a home for the first time, here’s how the inspection process fits into the home-buying scenario: After having your offer accepted by the sellers, you’r real estate agent will hire a home inspector (you’ll be … read more…
From Google Blog Search
If You Are Selling A Home, A Home Inspection Helps Seal The Deal
You have heard the horror stories. A friend buys a home that is now literally crumbling around her. Somebody took shortcuts, and her home was not inspected before she bought it. Now she is stuck and c… read more…
Securing a Mortgage
Real estate loan is what a lot of people use to buy their home. Real estate loans have been instrumental in bringing joy to people by making that unaffordable house affordable. Some real estate invest… read more…
Making Your Miami Beach Real Estate Home Impressive To Potential Buyers
If you are going to sell your home in Miami Beach real estate, you usually think of the best way to make it salable to prospect homebuyers. If you plan to sell your home it is important to make a quic… read more…
From GoArticles.com
Open Question: 5. A real estate broker friend calls you about a terrific deal on an investment property.?
5.A real estate broker friend calls you about a terrific deal on an investment property. A duplex in a lower middle class neighborhood is selling for $250,000. The neighborhood has been classified by the local police as fairly safe, and, upon inspection, you find the home and surrounding area are pleasant and well placed in terms of access to businesses, schools, and transportation. The property is expected to generate $700 per unit, or $1,400 total from rent per month. After expenses, the property is expected to generate $7,000 in income annually, before interest and taxes. Assuming the following circumstances, calculate your annual profit for each of the following, a through d:
•You are in the 28% tax bracket.
•Any tax benefits can be used to reduce loss.
•You qualify for an interest-only loan.
•You do not consider the home’s depreciation.
Amt. borrowedInterest rateTerm in yrs.Personal fundsAnnual Profit
a.$250,000 8%30$0
b.$250,000 8%15$0
c.$175,000 8%30$75,000
d.$150,000 8%15$100,000
6.Would you invest in the property proposed in the scenario described in question 5? If so, under what conditions? How does leverage affect your rate of return and risk?
Resolved Question: When showing real estate …. would you prefer the owner be there or not be there ? Also .. during a home?
inspection … would you recomend the owner be present or not present ?
Resolved Question: How do I get out of a real estate contract when seller won’t repair what we want?
Hello all,
here is my situation. We found a house for sale in Missouri that we liked. We made an offer on the house. They accepted. We had the inspection done. We found 16 things that we wanted to repair. We asked them to repair those 16 things. They said they would only repair 11 of them, and 5 major big ones we would have to repair on my own.
Now in my mind that would mean the deal is done. We have now found a new home that we like more and want to buy. But my Realtor is saying that we have to wait 10 days (from when we submitted our offer) for the deal to die, because they buyer could still come back and say, fine we will fix all 16 items on the list.
I want out of the deal, because I like this other house much much more, and I am nervous that these 5 problems will compromise the structural integrity of the house. Any thoughts??
Continuing Education for Real Estate, Insurance, Home Inspection, Radiology Technician, Cosmetology, Electricians, Private Security, HVAC.
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Continuing Education for Real Estate, Insurance, Home Inspection, Radiology Technician, Cosmetology, Electricians, Private Security, HVAC.
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