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Book Review: The Wall Street Journal Complete Real-Estate Investing Guidebook

By | January 16th, 2007|

Here's one important rule to know about investing in real estate -- you don't make any money until you sell or lease your property. Choosing the right amount of rent or the right list price can make all the difference. These are some of the lessons learned and shared in a brand new book called The Wall Street Journal Complete Real Estate Investing Guidebook.

Home Value May Be Higher With Shower

By | January 15th, 2007|

Will a new tub or a shower increase the value of your home? Read here to find out what readers of Ilyce's newspaper column think. Many readers think having a shower will increase the value of a home, regardless of whether there's also a bathtub. Including a shower in your home design may increase the home's value.

More On Adverse Possession

By | January 14th, 2007|

Adverse possession is the legal term given to a person who takes real estate to be his own without the consent of the rightful owner. Some states do require the person who is claiming ownership to property that he or she knows might not be theirs or is not theirs, to pay the real estate taxes on that land. While adverse possession is hard to prove in urban areas, it can happen.

Protect Your Real Estate Investment From Adverse Possession

By | January 13th, 2007|

What should you do when a neighbor encroaches on your land, especially if it is an investment property? Learn from a trial lawyer what he advises for cases of adverse possession. Understanding how to handle adverse possession will help you protect your real estate investment.

Partnership Agreement Helps In Real Estate Investment

By | January 11th, 2007|

When you make a real estate investment with a partner you need to set up a partnership agreement outlining each partner's role and responsibilities. You should think twice before doing a real estate investment with a partner whose judgment you don't trust. The partnership agreement would also protect the partners, in case one tried to defraud the other, as could be possible with a quit claim deed in this case.

New Construction Mistakes Lead To Water Damage

By | January 7th, 2007|

What happens if you buy new construction and the home has a lot of water damage? You can try to work with the new construction builder to repair the water damage. But if that doesn't work and you still have water damage, you'll likely want to talk to a real estate attorney.

Second Mortgage For Tear Down

By | January 5th, 2007|

A homeowner is thinking of getting a second mortgage to finance the tearing down and rebuilding of her home. This will put her initial mortgage at risk of being called due. The homeowner should talk with several local mortgage companies to determine what options this homeowner may exercise.

Understanding Reverse Mortgages

By | January 4th, 2007|

In general, a reverse mortgage is something you consider if you have no other alternative and want to stay in your property. Reverse mortgages tend to be expensive, relatively inflexible, and they will eat up most of the equity in your property. Much research is needed before deciding to get a reverse mortgage.

Small Details Matter When Selling A Home

By | January 2nd, 2007|

Small home improvement details like new bedding, new towels and rugs can go a long way toward helping sell your house. Changes like this, plus decluttering your personal items, will help buyers make the decision to buy your house.

Selling A Rural Home In A Tough Market

By | January 1st, 2007|

Selling a home in a rural area can limit the number and quality of buyers who can afford to be there. To find a buyer, sellers should ask themselves who would want to live in their house. A few home improvements might also help a home sell, but might not give the seller as much profit when it does.

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