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Real Estate Valuation
Real estate valuation for single family homes is typically done by using comparable sales. With income properties this just doesn't work well. Imagine if you are looking at a 24-unit building. It would be difficult to find similar ones nearby that have recently sold.It's also not ideal to use replacement costs for income property appraisal. How do you figure replacement cost if there is no land for sale nearby with proper zoning? This is used as a secondary method, though, and can tell you if maybe you should be building instead of buying.Real Estate Valuation By Cap RateIncome propertie...

Ten Real Estate Investing Tips
Real estate investing tips tend to be a bit vague, like "invest in the right location," or "make sure the numbers work." Actually, tips like these are important principles to remember. However, since they have been well represented in other articles, I want to share a few more specific tips with you.1. Listen to the market. The cabinet guy looked to me for a decision. I realized that I knew nothing at all about which cabinets people like, so I asked him which ones others were choosing, and he pointed to one that three quarters of his last forty customers had chosen. That's the one I want, I ...

Sell Your Own Home
You can sell your own home, but it can be a time-consuming and frustrating process. Usually I would recommend listing with an agent, but in the right market, it may make sense to save the commission and do it yourself. If you try, use the tips here to do it right, and to avoid common mistakes. 1. Understand house values. It's not what you think your house is worth, and it doesn't matter how much you put into it. The value is only what it's worth to potential buyers. See what they've paid for similar homes before you decide on a price. 2. Try to be objective. Get your most honest and open f...

The facts about buying property in Turkey
Buying property in Turkey is remarkably easy and the whole process, from signing a preliminary contract to completion, could be completed in a matter of days. Unfortunately, however, all foreign nationals must get permission from the Military Authorities, a process that at the best of times takes up to 12 weeks. At the moment however, there is a huge backlog of applications thanks to a freeze on foreigners buying while the country?s property legislation was re-drafted in 2005. Although the new law has been in place since January 2006, it is expected to take most of the year for things to get b...

Getting More From Your Top-Ranked Realty Website
Every web savvy real estate agent wants a website that dominates the local market. With hard work and patience, many agents make it happen, only to find that this holy grail can raise as many challenges as it solves. The biggest concern most agents face at this point is how to drive business from a steady stream of web traffic - thousands of home buyers and sellers may browse their site every day, only to call someone else when its time to negotiate a deal. Even more frustrating, methods that once converted a high percentage of web users into clients may be less effective in today's ever-chang...

Don?t Let Emotions Ruin Your Purchase or Sale of A Home
Buying and selling real estate undisputedly has an emotional element. If you let emotions run you, there is a very good chance everything will fall apart. Don?t Let Emotions Ruin Your Purchase or Sale of A HomeOne of the biggest stumbling blocks in the sale of a home is the emotional reactions of the parties. It doesn?t matter if you are buying, selling, using a real estate agent or handling it on your own. If either party lets emotions rule the day, things will fall apart. If both parties let it happen, the transaction will get very ugly. For sellers, emotions arise from the fact that t...

Real Estate Research By Talking
Real estate research might start with a look at the U.S. Census information about a town. It can include inspections of specific properties, too. There are many statical tools and information that can help, but don't forget one of the easiest and most useful research tools: talking. Let me explain with a true story.My wife and I were on vacation, and stopped in Farmington, New Mexico for a few days. We were about to buy a house for a winter project. The plan was to fix it up and sell it in the spring for a profit.Just prior to making an offer, we took a last walk-through. As the owner show...

Foreclosed home listing
Everyone wants to save on real estate. The problem is, many people simply don't know how, or where to actually find those elusive savings. When you're buying on the open market, it can be truly difficult to come across unusually good deals. You might be able to win a home with a lower bid through a real estate agent, but if you're really looking for savings that will create lots of initial savings and maximum potential investment value, you have to consider the market for foreclosure listings. These incredible resources are the homebuyer's key to finding deals on great homes that can provide s...

How to sell houses at auctions
Advertising your property at auction can be an immense way of selling your home as quickly as possible. But keep in mind to pack your bags in time ? you will have to renounce the keys 28 days following the auction date.Some of the advantages of selling at auction could be:?Instant trade of contacts?Cash acquisition / subsidy in place - minimum 10% deposit remunerated at Auction?Not subject to agreement.?Finest value achieved through spirited bidding.?Market publicity - loads of auctions exert a pull on 100's of impending buyers.?Predetermined end date.?Speedy sale - without co...

Warranty Deed vs. Quit Claim Deed
When you?re in the process of selling (or purchasing) a house, you will most likely, encounter several kinds of documents: all with different names and with different uses and functions. Two of the most misunderstood documents are the warranty deed and the quit claim deed. Many think that these two forms are alike, but they are not.A warranty deed is a document which the seller presents to you and is used in majority of all sales transactions. The warranty deed simply states that the seller owns the property being sold and that it is free from any sort of liens. By presenting a warranty deed...

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