Creating a budget that works for your situation is essential in real estate planning. If you're a 1st time buyer you'll need a budget of how much house you can afford, how much you can afford in closing cost and downpayment as well the amount of repairs and updates needed. If you're a seller you'll need a budget of how much you can afford to spend on repairs before putting your home on the market as well as costs associated with the transfer of your property some of which must be paid out of pocket. Investors MUST have a budget to insure the amount of work put into the property will increase value while not breaking the bank. Create a realistic and sensible budget and let that be your blueprint to Real Estate success!
Friday, July 24, 2015
Thursday, July 23, 2015
Real Estate Tip 104: All Advice Isn't Good Advice
Getting insight from family and friends on things you have going on in your life can sometimes be useful... Real estate usually isn't one of those thing! Many people like to give advice on how to navigate the Real Estate market while having very little experience, if any. It's usually better to consult with licensed professionals who have the knowledge and experience to properly advise you as opposed to the guy at the Barbecue who's "in the business", it cost him nothing to give you bad advice, but how much could that bad advice cost you?
Wednesday, July 22, 2015
Real Estate Tip 103: Building a Team
One of the most essential requirements to becoming successful in Real Estate or almost anything else is building a reliable team you can trust. Having a knowledgable and dependable team of experts working on your behalf is as important for the 1st time Homebuyer as it is for the billionaire real estate mogul. Real Estate isn't a one man game, it's a collaborative effort by Realtors, lenders, Property inspectors, appraisers, attorneys and so on, with that many moving parts you have to be able to depend on those representing you. In Real Estate transactions one bad apple truly can spoil the bunch!
Real Estate Tip 102: Cutting Corners
Cutting corners usually isn't your best option. Trying to save money in the beginning can cost you dearly in the end. There are cost to doing business and trying to get around them can have you wasting money correcting something you paid someone's uncle to do who was NOT qualified or equipped for the job! The cheapest option isn't always the best!
Tuesday, July 14, 2015
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