Real Estate Blog

Puerto Penasco, Sonora also known as Rocky Point, Mexico, has unique qualities that make it a desirable spot to live.

Whether you are retiring or looking for a change in space in your life, Puerto Penasco should be your list. It has the best of both worlds: The US and Mexico. For US mail, open a PO Box in Lukeville and a private service can deliver your mail to Puerto Penasco. Shop online, through U.S. catalogs (further south this isn’t possible). You need no special permit for your vehicle in this free zone, just purchase Mexican insurance, park your car mainly in Mexico, and your insurance bell will be significantly lower. Phoenix is just 3 ½ hours away, allowing frequent shopping in the USA, and even Las Vegas is only half a day’s drive. Many enjoyable places are within a day’s drive —- you won’t feel “trapped on an island”. You will experience small town living but with big city proximity for anything you might need. Medical insurance can work with your US insurance and transfers to US hospitals can be arranged. The pace of life is calm. Walk into a restaurant, to the owner’s warm greeting, look around, and you will probably see people you know. Enjoy the sense of community with many fellow American townsfolk. continue reading…

When it’s time to buy a house — on Long Island, or anywhere — you should definitely start the process by doing your own research into what is on the market, what interest rates are, and what your budget is. After you do some research on your own, you should contact a broker to help you find your home and an attorney to represent you in negotiating your contract and closing the sale.

Step 1: Do your own research on the Process of Buying a Home

The U.S. Department of Housing and Urban Development provides tips that will assist you in finding your house, determining your budget and how to finance your home. Specifically, the Department of Housing and Urban Development provides tips on: continue reading…

OK, so you’ve had a fab holiday, drinking Ouzo or G&T’s and spent every day on the beach! You couldn’t help but notice a few ‘for sale’ signs for some lovely properties, perhaps ramshackle farm cottages in need of TLC or beautiful beach front penthouse apartments and villas.

And, in case you don’t step outside of the hotel to see properties for sale, all the tourist brochures seem to be full of information about “how to buy a holiday home in three easy steps” and make lots of money from renting it out to other holiday makers or selling it at a huge profit. continue reading…

The Elizabeth neighborhood is a very fine, leafy old section of Charlotte , just bridled with charm (and ghosts).

It is, by far, the most haunted neighborhood in Charlotte; even the main green space — Independence Park — is deemed to be haunted. It also has the distinction of being Charlotte’s first public park (1904). continue reading…

Real estate investing is getting the limelight amid the recession. In fact, real estate is rated by experts as one of the top five perfect investments amid the recession together with precious metals and foreign currencies, among others.

Many veteran analysts are recommending that investors take advantage of the current economic slump top buy real estate properties. Whether for long-term or short-term, now is the best time to invest in real estate, one expert said. And he indeed clarifies his point: You can buy a cheap property today and hold on to it. Its value is likely to appreciate in time and you can sell it for a much higher price when that day comes. You can also make it your own home. When it comes to short-term investing, there’s flipping houses. Buy an undervalued property today, make some repairs to raise its value, and then sell it for a higher price in a short time. continue reading…

To finance your self build project, you need to make sure that you understand the differences between borrowing for a ready built home and borrowing to build.

When you finance an existing home, it’s easy to estimate the value of the property and easier for lenders to work out how much risk they will be taking on when lending you money. Once you agreed a price and exchanged on an existing home, then you can go ahead with the purchase, the lender releases the money and you move in and start paying the mortgage. continue reading…

Flipping houses has had a negative connotation since the real estate bubble a few years ago. Some experts blamed rehabbing houses for the bubble and unclear media reports also did not help. While many were reporting about mortgage fraud, a lot of viewers saw it as if flipping houses was illegal.

Years later and now that the country is in a recession, real estate investing is again picking up. Some still doubt whether rehabbing houses – which by the way is completely legal – is indeed legit. Authority web sites such as RehabList.com say there’s nothing wrong with rehabbing houses. Yet will doubt RehabList and other sources, saying this form of investing brings only negative effects. continue reading…

Over the years, real estate investing has helped many people achieve their goals and fulfill their dreams. Despite the ongoing economic crisis, many people are still encouraged to take part in this lucrative industry. Well, who could blame them? With just a small capital, patience, dedication, and hard work, you can earn big investment returns and provide a good life for your loved ones.

Two of the most common forms of real estate investing is flipping homes and wholesaling houses. Although many people confuse one for the other, using each of them to make a living has its advantages and disadvantages. continue reading…

Foreclosed homes offer the investor to make a profitable investment as the property is up for sale due to the homeowners’ inability to pay back the secured loan amount. So the lender sells these homes at prices much lesser than the actual value, in order to reclaim his lost money.

Buying foreclosed homes is a good idea as one can manage to get a good property by spending far lesser money than one will spend in purchasing a property in normal real estate market. Every investment has its pros and cons, and when it comes to real estate, you must be extra cautious and carefully see where you are putting your money and ascertain the profitability of the investment. continue reading…

Home foreclosures or foreclosed homes are homes that have been taken over by the lender when the homeowner defaults in paying back the availed mortgage loan amount. The number of foreclosed homes for sale has rapidly increased in the past couple of years. This is attributable to the buying pattern which depicts that the homeowners take mortgage loan to buy the property and their inability to pay back results in the property being foreclosed by the lender.

For potential buyers and investors, home foreclosures offer tremendous scope for making a profitable investment as the lenders are keen on recovering their loses as soon as possible, and hence sells the foreclosed properties at discounted prices, ranging from 30 to 50 percent lesser than the actual value. continue reading…