Most sellers will end up choosing an estate agent that charges the lowest fee or one that offers the highest valuation. However, as some of you may know, neither of these criteria should ever be used to select an estate agent.
“You need to use a little truth serum to get prospective real estate agents to come clean.” – Becki Saltzman
Aside from the obvious requirements, like a valid Fidelity Fund Certificate (FFC), without which an agent may not legally operate, there are a several essential traits to look for in an real estate agent.
Selling your home is not like selling anything else you own. Suddenly, your private domain will be open to public scrutiny. Strangers will be tramping through your home, evaluating your decor and assessing your housekeeping skills.
The faster you can get your home sold, the quicker this unpleasant process will be over with.
Quick fixes before selling always pay off. Mammoth makeovers, not so much; you won’t get your money back.
Before putting your property up for sale, it’s important to be objective and see your property through a potential buyer’s eyes.
In a declining real estate market where supply outstrips demand, sellers need to get some basics right, the first time around — or prepare for a long and frustrating time on the market.
Is ‘now’ the right time for you to take the plunge and purchase your first home?
The process can be intimidating, particularly if you’re not prepared. With some basic groundwork you can improve the odds that your first purchase will be a pleasant and rewarding experience.
Here are some important issues to consider before jumping in.
7. Have a budget and know how to use it
New buyers often underestimate the hidden costs involved with owning a home. Home ownership comes with a number of new expenses, so good money-management skills are an essential must-have. Continue reading Top 7 Tips For First Time Home Buyers→
What would happen if your home burned to the ground tomorrow?
If you have the right homeowners insurance policy, your insurance company would pay for your costs of living for at least one year while your home was rebuilt from scratch, all for just the cost of your deductible.
The footprint is just 914 sq ft (85 sq meters). The architects have managed to elegantly combine 21 floor plates positioned at various levels and connected by a system of stairs and ladders that create an easily accessible, light-filled space.
This heart-warming story caught my attention. Good news is scarce in real estate, today.
With the US sub-prime crisis in 2005 an unprecedented real estate tsunami signalled the start of a worldwide recession. It was a phenomena known as the United States Housing Bubble.
Real estate markets everywhere went into free fall, a decline that may only now be bottoming out. Bank repossessed properties, or foreclosures, went through the roof and may still be on the increase.
Whenever clouds are about, sometimes, we’ll find one with a silver lining. 14-Year-old Willow Tufano from Florida was in the right place at the right time when a $100,000 value, 2-bedroom, home became available on an auction for just $12,000. Her mother, a Florida real estate agent, went into the deal with her on a half-share basis. Continue reading 14-Year-Old Real Estate Investor Buys Bank Repossessed Home→
If you own a home or are thinking of buying one, home owner’s insurance is a necessary evil and can even save your investment one day. But there are many different types of policies out there that can be confusing to the average home owner.
Below, we have gathered seven different kinds of home owner’s insurance to help you make sense of it all.
The question on every potential purchasers lips when considering a real estate investment is how best to time the market. Values are still declining in a down market, and the question is — how low can they go and how long should one wait?
Interest rates are bottoming out. In fact they are near an all-time low. They are unlikely to drop any further and if you wait too long you may not be able to afford to buy a home at any price.
At the other end of the scale the rental market is characterised by steadily rising rentals, driven by rising demand.
One of the advantages for buyers of property in the current economic climate in South Africa is the increased availability of Bank Repossessed homes on the market.
When borrowers default on the payment terms of the mortgage loan, eventually this will lead to legal action by attorneys instructed by the mortgage holder.
A judgement is obtained in the High Court and the property is then attached and sold by the Sheriff of the High Court at a sale in execution. If the auction fails to achieve the bank’s reserve price, then the property will be bought by the Bank and placed on the market again. This is called a Property in Possession (PIP). Continue reading Top 10 Tips for Buying A Bank Repossessed Property→