October 2007 Monthly Archive
October 30, 2007
How to Find the Perfect Realistate Agent
Realistate agents are licensed professionals who represent a buyer or seller in real estate transactions. Most agents work on a 100 percent commission basis and their income is dependent on locating suitable properties and closing deals.
There are two types of realistate agents -- Buyer's Agents and Seller's Agents. If you are buying property, you want to work with a Buyer's Agent. If you are selling property, you will want to work with a Seller's Agent.
Real Estate Investing article on "How to Find the Perfect Realistate Agent"
October 22, 2007
Forlosure
Today, more Americans face forlosure than ever before. Newspaper headlines and the evening news report foreclosures at are the highest rate in 30 years. High interest rate loans, increased unemployment rates and expansive consumer debt are contributing factors to this financial phenomenon that is wreaking havoc on our economy.
Forlosure is a stressful process for all parties concerned. The homeowner is fearful of losing their home and the lenders are stressed about how foreclosures will affect their bottom line. With millions of homeowners defaulting on their mortgage loans, many lenders are facing financial ruin.
Real Estate Investing article on "Forlosure"
October 15, 2007
Realstate Defined
Realstate is a legal term used to describe land and anything that is permanently attached to the land. Attachments include houses, apartment buildings, condominiums, warehouses and commercial buildings such as hospitals, offices and shopping centers.
Real estate investing is a term used to describe the purchase of realstate for profit. In the past real estate investing was available only to the wealthy. Today, nearly anyone can invest in property -- even if they have little money.
Real Estate Investing article on "Realstate Defined"
October 03, 2007
Real Estate Notes
Real estate notes are legal documents used to assign buyer rights and record details of the transaction. Also known as "real estate receivables," these documents are created when a piece of real estate or land is sold. It could be a mortgage note, land contract, or contract sale where the buyer makes cash payments directly to the seller.
In essence, real estate notes are used as collateral and to document the promise to pay the note. They are frequently used along with mortgages and aide in the financing of real property. They are almost always used when the seller offers seller carry back financing. In this type of real estate transaction the seller carries a portion or the entire amount of the loan. The buyer pays the seller a down payment and the balance is paid in installments.
