Guides (Page 14)

Legal Information About the Real Estate Contract

The conclusion of final agreement between a seller and a buyer is the Agreement of Purchase and Sale. We know it as the real estate contract. There are five mandatory requirements for a contract under contract law: 1. The name, address and contact data for the seller(s) and buyer(s). 2. A clear description of the property. We prefer the tax map and parcel number but a street address, or other... ❯❯❯

Real Estate: Buyer's Agent, Seller's Agent & Dual Agent (defined and explained)

There is a relatively new and not always well understood practice in Real Estate sales; it is called Buyer Agency or Buyer's Agent. Until recently Realtors and agents usually represented the seller, in opposition to the buyer, during the real estate transaction. Even the real estate agent who drove you from home to home was not truly working on your behalf. By law, the agent was required to work... ❯❯❯

Should I Still Buy Real Estate After All That Has Happened?

Rehoboth Beach Delaware is called the Nation’s Summer Capital because we are such a common second home and entertainment location for the powerful and influential people of Washington D.C. There are few people making over $75,000 a year in the DC professions who do not frequent this area when they need privacy, space, fresh ocean air and relaxation. It’s not just summer that draws them... ❯❯❯

Real Estate Local FAQs.

There are many frequently asked questions and any local real estate area. In our area here at the local Delaware Beaches, the most frequently asked questions are how to get a good deal and if there are any fixer-uppers available. We are constantly asked if there any good deals available. The ironic part of this is the person who asked that would not have enough data or awareness or knowledge or... ❯❯❯

Credit Help: Buying Real Estate -- Not the Same as Buying Cars

Credit for Buying Real Estate is Different than Credit for Buying Cars Forget what you've been told about credit. You may be shocked at some of these tips because this information runs contrary to what other so called experts tell you. Qualifying for a real estate purchase requires different credit than automobile financing or retail credit. Common Credit Myths 1. You need to pay off your... ❯❯❯

Buying Houses: Types of Bargains to Find

To make a good profit in real estate, you must buy right. Check out all property types available to find the best transaction for your specific situation. Consider fixers, distressed sales, repossessions, multiple listings, for sale by owners, and vacant properties just wasting away. Distressed Properties Recognize the difference between a fixer and a distressed property. Distressed properties... ❯❯❯

How to Choose Your Real Estate Lender

Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender’s quick response signifies good service to follow. Once you know your middle credit score, look for a lender appropriate to your specific needs. When ready to make offers to purchase, apply for credit with lenders. Choose at least three lenders to apply with and do it at... ❯❯❯

Investing in Residential Real Estate: Achieving Positive Cash Flow

When investing in real estate, it is highly desirable to achieve positive cash flow on a month-to-month basis. This is true even if you are counting on property value appreciation to supply the bulk of your desired return on investment. If you are losing money month-to-month, you may find all of your eventual profits eaten up by the monthly drain on your income. This will be particularly true if... ❯❯❯

How I Became a Real Estate Investor

Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals. My business partner and I purchased both properties from families who were in preforeclosure. The leads for each... ❯❯❯

Home Based Real Estate Investing

So you want to work from your home, invest in real estate, and make a fortune... Well, there are not too many more excuses that can be made in this day and age concerning working from home... With so many multiple listing services constantly uploading fresh data to the web and the the niche sites for foreclosure data, the tools are quite readily available to begin a career in real estate right... ❯❯❯