March 2011 
There are 4 blog entries for March 2011.
Real Estate Review, Cash Vs. Mortgage
Monday, March 14th, 2011 at 1:29pm. 119 Views, 0 Comments.
Often people considering investing in real estate weigh the option of cash vs. mortgage. There are some great deals in today’s market and often offering a cash deal can make a deal even sweeter. When cash is involved there is no mortgage, therefore no chance of a financial contingency getting in the way of closing. Cash is king, but is cash the best avenue for you and your real estate transaction?
Cash is great for:
- negotiating power
- negating a financing contingency speeding up a closing date
- eliminating a monthly loan payment
BUT cash has its downside as well, a cash deal:
- ties up assets
- eliminates a mortgage interest tax deduction
Buying a property with cash to get the best deal possible could be…
High End Real Estate Pulling in Wealthy
Thursday, March 10th, 2011 at 4:59pm. 115 Views, 0 Comments.
High end real estate is pulling in the wealthy, otherwise known as the people who have the money to buy expensive properties at hugely discounted prices. While the recessional economy has taken its toll on many, there are people who survived with plenty of cash still left in their bank accounts, as well as those who have made a great deal of money from these tough times.
The recession proved to be a great platform for investors who had money to invest, and now that there is a light at the end of the tunnel these investors see great opportunity in buying luxury real estate at a tremendous savings.
Sales for condos valued at less than a million dollars fell in 2010, whereas sales for condos valued at over a million dollars increased quite…
Combating High Property Taxes
Friday, March 4th, 2011 at 1:55pm. 66 Views, 0 Comments.
Combating high property taxes is something people should be aware of in a time when condo values have dropped significantly. It can be a puzzling question to many homeowners, if my condo’s value has dropped 25% why have my property taxes not decreased by the same amount? Your property tax bill can be adjusted if you make an effort to challenge it.
The first step is to take a good look at your property tax bill. This year’s assessment and last year’s assessment should be listed, as well as a breakdown of how your taxes are allocated and added up. You should have a good idea of the value of your property and whether or not you have been assessed properly. A good next step is to approach your Assessor’s Office.
What to…
Pros and Cons of Sellers Conducting Inspections
Tuesday, March 1st, 2011 at 2:25pm. 65 Views, 0 Comments.
There are pros and cons to sellers conducting home inspections before listing and selling a condo. Many people in the real estate business see the merit of an inspection before listing a condo because it enables problems that could become deal breakers to be resolved before they ever become known to a potential buyer. Of course a pre-listing home inspection can also unveil a laundry list of issues that a condo owner may not be prepared to deal with or pay for.
If a seller decides to do an inspection before putting his condo on the market he has a choice of fixing the issues that present themselves, or opting not to. A condo owner has to disclose the inspection items when under contract and therefore must be prepared to fix problems,…
