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How To Find Good Tenants

By | May 19th, 2006|

A landlord owns a couple of rental properties and would like to purchase more but is concerned about finding good tenants. One good tip is to underprice your rental property to bring in more prospective tenants to choose from. The key is to bring in enough interest so that you can choose the best tenant for your rental property.

Selling A Home Fails Due To Square Footage Inaccuracy

By | May 17th, 2006|

When you're selling your home, you'll need to tell prospective buyers how much square footage your home has. Careful buyers may do their own square footage calculation when they want to buy a home. There are many ways to calculate the square footage of a home you're selling.

Paying Property Taxes Without Escrow Account

By | May 15th, 2006|

A mortgage lender wants to make sure that real estate taxes are always paid. If the real estate tax bill for your home isn't paid, the house could be sold to someone who agreed to pay the taxes owed and you and the lender could be left out in the cold. You could lose your home and the lender could lose its interest in the home. In some circumstances, however, lenders will waive the requirement of a tax escrow. The lender must feel assured that you will pay the property taxes, and in some states you must fulfill certain requirements.

Negotiating Closing Costs

By | May 14th, 2006|

Shopping for a new mortgage can be confusing. You should ask what for an itemization of closing costs, because some of them may be negotiable. You may be able to close at the end of the month instead of at the beginning and cut down on your prepaid interest, but this only changes the cash you'll need at the closing and does not reduce your loan fees. Ask the lender to provide you with an estimate and make sure the closing costs are itemized so you can see what you're paying.

Home Equity Loan Is Tax Deductible

By | May 13th, 2006|

Improving your home takes a lot of time and money. Ilyce helps a reader take advantage of the tax benefits of a home equity loan and suggests ways to save on taxes when selling a home.

How To Generate Interest In A Buyer’s Market

By | May 12th, 2006|

Think you've tried absolutely everything? Given the recent slowdown in the real estate market many types of new selling techniques are appearing. Ilyce shares some of the new interesting ideas and old trusted ideas for selling your home.

Renting A Residence and Owning Investment Property

By | May 8th, 2006|

Many people live in communities where they can afford to rent, but not buy. It may be a good idea to buy investment property in a different, more affordable, community. But there are precautions to buying investment property that isn't close enough for you to maintain and keep an eye on.

Buying A Home Before Selling Your Own

By | May 8th, 2006|

Many people face the same question: Should I buy a home first, or sell my current home first? There is a short-term loan program known as a "bridge loan" that can help you cover the extra cost of new mortgage before you've sold your current home. A home equity line of credit may also help cover the costs of buying a new home before you've sold yours.

Is The Tide Turning On Interest Rates And Home Sales?

By | May 1st, 2006|

As interest rates move upward, the real estate market seems to be slowing. The good news is that interest rates should stabilize around historically low rates, allowing buyers to keep their hand in the market. The bad news is sellers probably shouldn't expect the huge payoffs the market has been seeing.

Selling Inherited Vacation Property

By | May 1st, 2006|

Is it a good idea to wait to sell inherited property? There's no reason to wait to sell inherited property, especially if the right time in the market is now. Plus, inheriting property at the current market value means no capital gains tax on the inheritance upon selling.

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