Today there seems to be a growing appeal for developers to build tracks of houses that are linked together in a Home Owner’s Association. The use of these organizations often benefits both the builder and local government but can often cause problems for the persons who buy homes in these areas.
Unfortunately most people don’t truly understand that by buying a home in a area with a HOA you are giving up your rights. Most …
Many buyers look for fixer uppers to save money but instead of a home that may need new appliances, fixtures or a paint job a Rehabilitation Purchase Loan is for home that need a major amount of work before they are habitable.
Finding a lender to loan you money on a rehab project can be difficult. Lenders at the time of writing this are faced with a large number of homes on their books that …
Owning a home today is more difficult then in the past. For most of us there is no such thing as job security our parents had and with that comes the inability to find good jobs that can cover all of your bills. If you are having financial problems that cause trouble with you repaying other bills you are likely wondering if you are at risk for foreclosure.
The following information comes partly from the …
Every project is different and the skills that a contractor needs to complete yours will vary. Unfortunately there is no perfect way to pick the right contractor especially when you haven’t worked with them before but lets go over a few tips that may help you reduce your headaches.
The first thing you need to realize is that nothing is ever perfect and every job will have its mistakes. This also means that every contractor will have a bad day or project …
Although building your own home or tackling a large remodeling project can be difficult the more you understand about the process and the better you plan ahead will give you that margin to deal with the unknowns.
You can think of it like planning a trip. You know where you are going to go and you know basically how much it will cost. You do some research on the …
Some people believe that they are not at risk because their homes are located away from beaches and rivers but most locations can be effected by localized flash floods and when large disasters occure along large or even moderately sized waterways damage can extend for dozens of miles.
Flood insurance like earthquake coverage is a single peril insurance to protect your investment from dammage due to flood waters.
To be considered a flood the water …
One of the resources that all property investors should make use of is their local and the national Multi Listing Service, MLS System.
The Realtors in your area and nationally depend on the MLS system to inform other Realtors about properties that are available by registered Realtors.
This does not mean that every property in a given location will be listed on the MLS system it just means that Realtors have come together to pool their power over the buying and selling …