Real Estate Blog
Basics of Financial Literacy: Budgeting
It is a shame that most countries’ education systems do not include financial literacy as part of their curriculum, because it is a very useful set of principles that will benefit people regardless of their age, gender, and social status. And it is not even that hard – you can start simple: with budgeting. And you can start with budgeting by just plunging right in.
Farm Appraisal: What you need to look out for
Residential appraisals are far less complicated as compared to the farm appraisals. House appraisals includes two or three major things such as location and condition but when it comes to a farm appraisal it can be much more challenging, as it requires familiarity with a vast range of regulations, commodities prices and even the quality of the soil.
Farm appraisal is classified alongside commercial appraisal as it includes property cost, sales comparison, and income. Most of the agricultural appraisers often grew up in agricultural families, or in parts of the country where farming is the chief industry.
Disadvantages of Contract for a deed
A Contract for a deed is also referred to as ‘land contract’, ‘bone for deed’ or ‘installment land contract’. A contract for a deed means a transaction in which the seller of the property finances the sale of the property. The buyer pays a regular amount of money in monthly installments. The seller retains the legal title of the property until complete payment is done by the buyer or the contract is fulfilled. The buyer takes instant possession of the property by paying a small amount of down payment. If the buyer fails is not able to fulfill the terms of the property then the seller has the right to repossess. And once the seller repossesses the property he or she has to repay the purchaser with a reasonable sum for lease and also for the reasonable value for enhancements to the house.
Sell Your House Easily with These Professional Staging Tips
In real estate circles, one topic that comes more often than not when discussing how to sell your house is this – is staging your house a good tactic to convince prospective buyers, or there’s no need for it?
There are some real estate agents who believe that the way houses can be readied for clients can result in faster, even higher offers. However, some are of the view that staging a house is nothing more than a waste of money and time for the seller.
Frequently asked Tax Law Questions in Real Estate
Real estate is an ever evolving market. Land often happens to possess great monetary value. The business involving land needs to be kept under check by the government so that there are no chances of evasion or fraud. Similarly, real estate needs to be subjected to tax laws because big money involvement helps in the generation of more tax revenue. If you happen to be a real estate agent you must know about the tax laws applied to this field. You need to know about them as they can at times help you and your clients save money while making investments. We have listed down a few frequently asked tax law questions:
Top Six Benefits of Multifamily Property Real Estate Investments
Have you been thinking about investing in real estate? Then, probably you’ve come across the debate of whether to invest in multifamily homes or single-family homes. The choice of your real estate investment niche should be dependent on your investor identity and the profitability of the investment. The multifamily real estate is well-known for providing affordable housing and often the preferred housing for many people. Before purchasing any property as an investor, have a clear plan for what to do with the investment. While choosing between multifamily and single-family investments can be challenging, you can agree that each investment has pros and cons. This article is to persuade you to join multifamily investments by giving the reasons that make it a superior investment.