•Advice On Selling A House
Maybe you've read lots of advice on selling a house. But do you know the biggest mistake many people make when selling a house? Not understanding real estate value.
You see, it doesn't matter what you think your home is worth. It doesn't matter what youdid to make in nicer for your family. The value of your home is determined by buyers. What you enjoyed about your house may be irrelevant when it's time to sell. Think in terms of what buyers want, and use some of the following advice on...
•Cheap Houses For Sale
We found cheap houses for sale all over the country. My wife Ana and I were on a seven-week drive around the country. It was a vacation, but we looked at houses too, and bought one in a great little town in the mountains of western Montana. It cost $17,500, and after $2000 to fix it up, we lived there for several months before selling it for $28,000.
We loved Anaconda. Where else can you fly fish, go to a three-dollar movie in a beautiful old art-deco theatre (the 5th most beautiful in the...
•Creative Real Estate Financing
This is the age of creative real estate financing. Maybe you remember when financing meant you saved up enough to put 20% down on a house, and then got a mortgage loan for the other 80%? You can still do that, but there are many more options now. Here are ten of them.
1. Second mortgage loans from sellers. Many banks will allow you to have as little as 5% into a home purchase, but will then only loan you 80%. The seller can take payments on a second mortgage from you for the other 15%....
•Home Inspection - How To Do Your Own
Is there any good reason to do your own home inspection? How about to get a better deal. Every flaw you can find is a negotiating point. You don't have to learn building codes, and you probably should use a professional inspector in any case. The point of learning what to look for is to protect yourself and get a better deal.
Home Inspection - Use A Checklist
A good home inspection checklist, keeps you from forgetting things. I have more than a hundred items on my own list. Think you...
•How To Make An Offer On A Home
You probably already know some of the secrets of how to make an offer on a home. You offer less than you're willing to pay, right? That's the most common negotiation technique. For experienced investors, though, that's just one technique among many more powerful ones.
How To Make An Offer
1. Offer an odd amount, like $161,735. This gives the impression you know something the seller doesn't. He may think you have a good reason for that particular price.
2. Play dumb and ask questions....
•How To 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...
•Low Cost Houses - Where?
How do you find low cost houses? Look in the right towns,to begin with. Then you can find the houses you like and make an offer. Where are the right towns?
Altoona, Pennsyvania still had dozens of homes for sale for less than $30,000 as I write this (2005). I just saw one listed for $7,500! This is a cute little town, yet still big enough to have everything you need.
Hot Springs, Arkansas has low cost houses. The cheapest right now is $13,500. My wife and I like Alamogordo, New Mexico a...
•Stay Warm - A Backpacking Skill
Stay warm or die. That's what it comes down to at the extremes. More people die in the wilderness of exposure than from any other cause. Staying warm, of course, also means more comfort, and for backpackers, it can mean going even lighter, without more risk.
Staying warm in the wilderness is about proper gear and good skills. Proper gear means clothing and equipment suited to the enviroment you're in. This is a subject in itself, worth studying if you spend much time backpacking. With better...
•Why Buy Mobile Homes?
You can buy mobile homes for much less than stick-built houses in most areas of the country. Despite the common predjudice against them, mobile homes are the cheap housing choice of millions. While the advantages are not always obvious, they are real.
One of the advantages is fast equity buiding. You see, the myth about mobile homes depreciating is only half true. In parks they generally go down in value over time. Buy mobile homes on land, though, and they'll usually go up in value.
Buy...
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