Useful Real Estate Tips and Information for Buying Land

The Essential Guide to Real Estate Contracts and Agreements

Real estate exchanges hands every day. Whether you’re purchasing, selling, leasing or renting out real estate, it’s important that you have contracts and agreements in place. Legally binding, contracts and agreements act as a safeguard to ensure that the buyer and seller agree on specifics in writing. When entering into any real estate transaction, you must have a valid agreement in place. But what is a real estate contract, and what does it include? These are questions that a lot of buyers and sellers need to be asking. The good news is that there are a lot of standard contracts and agreements available. When in doubt, always consult with a lawyer or attorney to ensure that your contract or agreement is valid. What is a Real Estate Contract? Business transactions require a contract. When purchasing real estate, you’re entering into a real estate contract. Real estate, however, can be: – Purchased – Sold – Conveyed – Exchanged Entering into a contract is a smart choice because it makes the transaction legal. If you fail to have a contract, this can cause the transaction to be void. Land sales are governed by: – Jurisdiction – Laws and practices Sales must be […]

The Essential Guide to Real Estate Contracts and Agreements

Real estate exchanges hands every day. Whether you’re purchasing, selling, leasing or renting out real estate, it’s important that you have contracts and agreements in place. Legally binding, contracts and agreements act as a safeguard to ensure that the buyer and seller agree on specifics in writing. When entering into any real estate transaction, you must have a valid agreement in place. But what is a real estate contract, and what does it include? These are questions that a lot of buyers and sellers need to be asking. The good news is that there are a lot of standard contracts and agreements available. When in doubt, always consult with a lawyer or attorney to ensure that your contract or agreement is valid. What is a Real Estate Contract? Business transactions require a contract. When purchasing real estate, you’re entering into a real estate contract. Real estate, however, can be: – Purchased – Sold – Conveyed – Exchanged Entering into a contract is a smart choice because it makes the transaction legal. If you fail to have a contract, this can cause the transaction to be void. Land sales are governed by: – Jurisdiction – Laws and practices Sales must be […]

The Essential Guide to Real Estate Contracts and Agreements

The Complications of Doing International Real Estate Deals

International real estate deals require you to be diligent. You’ll want to hire a professional to ensure the deal goes through without an issue. Professionals can be a broker, real estate agent or lawyer. If you try buying foreign real estate on your own, it may work out, or you may enter a deal that isn’t in your favor. When sellers deal with foreign buyers, there is a saying in the industry: “prepare for the unexpected.” Cultural and Traditional Differences Impact Deals International real estate deals involve different cultures and traditions. In some cases, this is not an issue at all. But in other cases, it can mean an entirely different experience for the buyer or seller. A few key points of complication, include: » Negotiations. Some cultures are groomed to negotiate a lot. This negotiation goes beyond the initial negotiation. Oftentimes, the negotiation will continue right to the time of closing, making any contact with the individual a hassle. » Quick Acceptance. There are some cultures and traditions that will come in, offer a price that is aligned with what the seller is asking, and go through the deal without much negotiation at all. » Emotional and Personal. You might […]

The Complications of Doing International Real Estate Deals

International real estate deals require you to be diligent. You’ll want to hire a professional to ensure the deal goes through without an issue. Professionals can be a broker, real estate agent or lawyer. If you try buying foreign real estate on your own, it may work out, or you may enter a deal that isn’t in your favor. When sellers deal with foreign buyers, there is a saying in the industry: “prepare for the unexpected.” Cultural and Traditional Differences Impact Deals International real estate deals involve different cultures and traditions. In some cases, this is not an issue at all. But in other cases, it can mean an entirely different experience for the buyer or seller. A few key points of complication, include: » Negotiations. Some cultures are groomed to negotiate a lot. This negotiation goes beyond the initial negotiation. Oftentimes, the negotiation will continue right to the time of closing, making any contact with the individual a hassle. » Quick Acceptance. There are some cultures and traditions that will come in, offer a price that is aligned with what the seller is asking, and go through the deal without much negotiation at all. » Emotional and Personal. You might […]

The Complications of Doing International Real Estate Deals

Does Government Land Turn Out to be Actually Cheaper?

You’ve wanted to invest in land for years, and people keep telling you that government land is cheaper to purchase. It’s something that you may have spent a lot of time researching, but you cannot find an answer as to whether or not government land is actually cheaper. In our opinion, government land is not cheaper, and we’re going to tell you why. First and foremost, there is no free or cheap land that is provided by the government. Yes, there is land that is available in certain cities that the local government is selling or giving away at rock-bottom prices. But we’re talking about on the federal level – not on the local level. The U.S. is simply too vast of a country to determine if it would be cheaper to buy land locally from the government. And it’s often hard to find this land available. The Homestead Act of 1862 has been abolished. Under the Federal Land Policy and Management Act, which was introduced in 1976, the government has taken over ownership of public lands, and the Homestead Act is no longer present. The Bureau of Land Management is in charge of over 264 million acres of land […]

Does Government Land Turn Out to be Actually Cheaper?

You’ve wanted to invest in land for years, and people keep telling you that government land is cheaper to purchase. It’s something that you may have spent a lot of time researching, but you cannot find an answer as to whether or not government land is actually cheaper. In our opinion, government land is not cheaper, and we’re going to tell you why. First and foremost, there is no free or cheap land that is provided by the government. Yes, there is land that is available in certain cities that the local government is selling or giving away at rock-bottom prices. But we’re talking about on the federal level – not on the local level. The U.S. is simply too vast of a country to determine if it would be cheaper to buy land locally from the government. And it’s often hard to find this land available. The Homestead Act of 1862 has been abolished. Under the Federal Land Policy and Management Act, which was introduced in 1976, the government has taken over ownership of public lands, and the Homestead Act is no longer present. The Bureau of Land Management is in charge of over 264 million acres of land […]

Does Government Land Turn Out to be Actually Cheaper?

Land Prices Expected to Rise in These U.S. Areas in 2018

Looking for the next hot spot to invest in land in the U.S.? The housing market can provide helpful clues that will help you pinpoint up-and-coming spots where prices are expected to explode. Major cities are a surefire bet if you’re looking to invest in land. About 62% of the U.S. population lives in urban areas, according to the U.S. Census Bureau, so you can expect a nice return if you can score some land in a metro area at a great price. Metro areas are an obvious choice when it comes to land investment, but finding land for sale a at a decent price is a challenge. And the competition is fierce. Taking a closer look at the housing market in the U.S., you can get an idea of areas where home values are rising. The West Coast Home prices along the West Coast have been skyrocketing for years, and that trend is spreading east. In the Visalia and Hanford areas, just south of Fresno, homes are valued in the $190K-$221K range. Just outside this area, values are around $90K-$130K. Land prices may rise next year in these outer areas, as more people flock to the region. Of course, […]

Land Prices Expected to Rise in These U.S. Areas in 2018

Looking for the next hot spot to invest in land in the U.S.? The housing market can provide helpful clues that will help you pinpoint up-and-coming spots where prices are expected to explode. Major cities are a surefire bet if you’re looking to invest in land. About 62% of the U.S. population lives in urban areas, according to the U.S. Census Bureau, so you can expect a nice return if you can score some land in a metro area at a great price. Metro areas are an obvious choice when it comes to land investment, but finding land for sale a at a decent price is a challenge. And the competition is fierce. Taking a closer look at the housing market in the U.S., you can get an idea of areas where home values are rising. The West Coast Home prices along the West Coast have been skyrocketing for years, and that trend is spreading east. In the Visalia and Hanford areas, just south of Fresno, homes are valued in the $190K-$221K range. Just outside this area, values are around $90K-$130K. Land prices may rise next year in these outer areas, as more people flock to the region. Of course, […]

Land Prices Expected to Rise in These U.S. Areas in 2018

Real Estate Investing 101: Importance of Portfolio Diversification

Real estate is like any other investment – you need to diversify your portfolio. If you have a portfolio filled with only one type of real estate, you’re putting yourself at a major risk. The goal is to have a healthy dose of diversification so that your portfolio can withstand major market fluctuations along the way. A good example of this is owning homes only in Florida. While the industry might be booming, what happens when it’s no longer booming? You don’t want to sell, but if you need money, you’ll sell at a loss in some cases. Instead, a diversified portfolio will allow you to either continue to make money during hard times or sell assets that are still high valued. How to Diversify Your Portfolio You’re probably wondering how you can possibly diversify your portfolio, and the answer isn’t simple. Everyone has their own financial needs, and there’s no exact breakdown for people to follow. Everyone’s risks and needs differ, but you first need to know the different investment options open to you. Home Ownership. You can own a home, whether or not you rent it out is up to you. The idea is that the home’s value […]

Real Estate Investing 101: Importance of Portfolio Diversification

Real estate is like any other investment – you need to diversify your portfolio. If you have a portfolio filled with only one type of real estate, you’re putting yourself at a major risk. The goal is to have a healthy dose of diversification so that your portfolio can withstand major market fluctuations along the way. A good example of this is owning homes only in Florida. While the industry might be booming, what happens when it’s no longer booming? You don’t want to sell, but if you need money, you’ll sell at a loss in some cases. Instead, a diversified portfolio will allow you to either continue to make money during hard times or sell assets that are still high valued. How to Diversify Your Portfolio You’re probably wondering how you can possibly diversify your portfolio, and the answer isn’t simple. Everyone has their own financial needs, and there’s no exact breakdown for people to follow. Everyone’s risks and needs differ, but you first need to know the different investment options open to you. Home Ownership. You can own a home, whether or not you rent it out is up to you. The idea is that the home’s value […]

Real Estate Investing 101: Importance of Portfolio Diversification

How to Start Investing in Real Estate with Less Than $1,000

So you want to get started in real estate investing, but you don’t have a lot of money. Most people wrongly assume that you need a pile of cash to invest in real estate, but you can get started with less than $1,000. Here’s how: Negotiate Seller Financing Negotiating seller financing is a fine art. While it takes some extra work, it’s worth the effort in the end. The nice thing about this option is that you can usually secure 100% financing. But here’s the catch: You have to find the right seller. Nolo estimates that only about 10% of sellers are willing to take on the role of financier. Motivated sellers are more likely to agree to this type of arrangement. If you can provide some sort of reassurance that the seller will receive their payments, they will feel more comfortable moving forward. With seller financing, you have more control over the structure of the loan terms. Some investors have successfully negotiated seller financing so that no payments were made for the first few months. A few months gives you plenty of time to renovate and start renting before your loan payments kick in. If you can manage to […]

How to Start Investing in Real Estate with Less Than $1,000

So you want to get started in real estate investing, but you don’t have a lot of money. Most people wrongly assume that you need a pile of cash to invest in real estate, but you can get started with less than $1,000. Here’s how: Negotiate Seller Financing Negotiating seller financing is a fine art. While it takes some extra work, it’s worth the effort in the end. The nice thing about this option is that you can usually secure 100% financing. But here’s the catch: You have to find the right seller. Nolo estimates that only about 10% of sellers are willing to take on the role of financier. Motivated sellers are more likely to agree to this type of arrangement. If you can provide some sort of reassurance that the seller will receive their payments, they will feel more comfortable moving forward. With seller financing, you have more control over the structure of the loan terms. Some investors have successfully negotiated seller financing so that no payments were made for the first few months. A few months gives you plenty of time to renovate and start renting before your loan payments kick in. If you can manage to […]

How to Start Investing in Real Estate with Less Than $1,000

How Stable is the Real Estate Market in the USA?

The real estate market has been on the rise for the past 2 – 4 years, depending on the area, after a collapse in 2007 – 2008. Economic recovery has remained on course for the 8th year this year, and there are a lot of questions running through investors’ minds. The main question is: how stable is the real estate market in the USA? And this isn’t an easy question to answer. There are really strong markets as well as markets that seem to be on the brink of a bubble. One of those markets is Southern California. In this market, condo prices are up over $250,000 in the past 5 years, putting the average price of a condo at $500,000+. First-time homebuyers can’t keep up with the rising prices, according to some reports. Yet the area is expected to have prices increase for the next 2 – 3 years before it starts to level off. Many buyers feel as if the market is on the cusp of a bubble, and there is a lot of debate on the topic. The economy is improving, but the income growth for households is growing much slower. So there’s some concern for prices […]

How Stable is the Real Estate Market in the USA?

The real estate market has been on the rise for the past 2 – 4 years, depending on the area, after a collapse in 2007 – 2008. Economic recovery has remained on course for the 8th year this year, and there are a lot of questions running through investors’ minds. The main question is: how stable is the real estate market in the USA? And this isn’t an easy question to answer. There are really strong markets as well as markets that seem to be on the brink of a bubble. One of those markets is Southern California. In this market, condo prices are up over $250,000 in the past 5 years, putting the average price of a condo at $500,000+. First-time homebuyers can’t keep up with the rising prices, according to some reports. Yet the area is expected to have prices increase for the next 2 – 3 years before it starts to level off. Many buyers feel as if the market is on the cusp of a bubble, and there is a lot of debate on the topic. The economy is improving, but the income growth for households is growing much slower. So there’s some concern for prices […]

How Stable is the Real Estate Market in the USA?

What Is Property & Mortgage Trading and How Does It Work?

Selling homes can be difficult. Your home may not be at the same value prior to the foreclosure crisis, or you may have a home that you can’t unload. A lot of people in Florida have had their homes on the market for years before selling. The good news is that the housing market is much stronger, so homes are being sold faster than ever before. But, what happens when you can’t sell your home? A new strategy needs to be formed. Right? A method that works well in traditionally tough markets is property and mortgage trading, or home swaps. What is Property and Mortgage Trading? People are willing to trade their homes. The idea is simple: – You move into another person’s home – The person moves into your home And it works. You have a right to swap your home, and while there is some legal processes along the way, this doesn’t mean it’s not possible. Homeowners have become more open to the idea, especially when they want to: – Upgrade – Downgrade Relocation is also a big reason for people swapping homes. See, this is the same idea that a lot of the older folks have used […]

What Is Property & Mortgage Trading and How Does It Work?

Selling homes can be difficult. Your home may not be at the same value prior to the foreclosure crisis, or you may have a home that you can’t unload. A lot of people in Florida have had their homes on the market for years before selling. The good news is that the housing market is much stronger, so homes are being sold faster than ever before. But, what happens when you can’t sell your home? A new strategy needs to be formed. Right? A method that works well in traditionally tough markets is property and mortgage trading, or home swaps. What is Property and Mortgage Trading? People are willing to trade their homes. The idea is simple: – You move into another person’s home – The person moves into your home And it works. You have a right to swap your home, and while there is some legal processes along the way, this doesn’t mean it’s not possible. Homeowners have become more open to the idea, especially when they want to: – Upgrade – Downgrade Relocation is also a big reason for people swapping homes. See, this is the same idea that a lot of the older folks have used […]

What Is Property & Mortgage Trading and How Does It Work?

Disability Rights and Responsibilities for Commercial Landlords

Is your commercial property accessible for people with physical disabilities? A surprising number are not. Commercial property lawsuits tied to the Americans with Disabilities Act (ADA) Title III increased by over 37 percent in 2016. All in all there 6,601 lawsuits were filed in federal court relating to properties which were disability unfriendly. Regardless of whether you’re new to commercial property or have years of experience, it can be a serious mistake to overlook the importance of making your commercial property accessible to people who have physical issues. Luckily, with a little effort and understanding of the laws regarding disability rights, these nasty lawsuits can be avoided. This article will give you an overview of disability rights and your responsibilities as a landlord, helping you to avoid potential headaches regarding your commercial property. The Importance of Disability Rights     Disabled tenants and people who access your commercial buildings have substantial rights that you need to be aware of when buying or managing a property. Local and national laws require that your commercial properties be friendly to the disabled or else you may suffer the consequences. Landlords who fail to meet disability regulations may be sued and may risk being […]

Disability Rights and Responsibilities for Commercial Landlords

Is your commercial property accessible for people with physical disabilities? A surprising number are not. Commercial property lawsuits tied to the Americans with Disabilities Act (ADA) Title III increased by over 37 percent in 2016. All in all there 6,601 lawsuits were filed in federal court relating to properties which were disability unfriendly. Regardless of whether you’re new to commercial property or have years of experience, it can be a serious mistake to overlook the importance of making your commercial property accessible to people who have physical issues. Luckily, with a little effort and understanding of the laws regarding disability rights, these nasty lawsuits can be avoided. This article will give you an overview of disability rights and your responsibilities as a landlord, helping you to avoid potential headaches regarding your commercial property. The Importance of Disability Rights     Disabled tenants and people who access your commercial buildings have substantial rights that you need to be aware of when buying or managing a property. Local and national laws require that your commercial properties be friendly to the disabled or else you may suffer the consequences. Landlords who fail to meet disability regulations may be sued and may risk being […]

Disability Rights and Responsibilities for Commercial Landlords

When’s the Best Time to Buy and Sell Real Estate?

You know what they say: To everything there is a season. The real estate market is no different. Any smart investor – and real estate agent – will tell you that market conditions during certain times of year are more favorable for buying or selling. Understanding the real estate market “seasons” and the best times to make a move can help you make smarter investment decisions. Is the Real Estate Market Seasonal? Yes. There are certain times of the year when the real estate market is pumping, and other times of the year when it’s as quiet as a mouse. As a general rule of thumb: – December and January are quiet months – March and April are the busiest months There are many reasons why the market moves this way. Buyers usually ramp up their efforts to find a home in March and April, near the end of the school year. Search activity is also high in June and July. Parents usually prefer to have their kids finish out the school year before they move into a new home, especially if the children will be switching schools. The weather is also warmer in the spring, which makes it a […]

When’s the Best Time to Buy and Sell Real Estate?

You know what they say: To everything there is a season. The real estate market is no different. Any smart investor – and real estate agent – will tell you that market conditions during certain times of year are more favorable for buying or selling. Understanding the real estate market “seasons” and the best times to make a move can help you make smarter investment decisions. Is the Real Estate Market Seasonal? Yes. There are certain times of the year when the real estate market is pumping, and other times of the year when it’s as quiet as a mouse. As a general rule of thumb: – December and January are quiet months – March and April are the busiest months There are many reasons why the market moves this way. Buyers usually ramp up their efforts to find a home in March and April, near the end of the school year. Search activity is also high in June and July. Parents usually prefer to have their kids finish out the school year before they move into a new home, especially if the children will be switching schools. The weather is also warmer in the spring, which makes it a […]

When’s the Best Time to Buy and Sell Real Estate?