Property Management for a Secured Financial Future

Defining Property Management 

When we say property management we are dealing about managing and controlling your real estate property, taking good care of everything that the home needs like maintenance and necessary improvements for the home’s quality. Your role as a property manager is to sees everything right for the sake of the home’s overall quality.

For home investors, take note. 

For first time home investors, expect high amount of needed money for the property. Most of the times, homes that are great prospects for investments are those that are for foreclosures or short sales and even homes that are directly on sale by the owner and are a bit old. Thus, this needs a little improvement and financing is really needed. 

Why most people are considering investing in real estate? 

It’s a no wonder why there are lots of investors on homes. You might also wonder why they are taking advantage of this great business opportunity. I have been marketing a real estate business and knowing the economy of home selling, I became interested in the field of home investing. Wanted to be broker or Realtor but I have no knowledge on how to be part of this venture. Hoping later on, that I have the time to get involved in this job.

United State Recovery After Hurricane Sandy Striked

I was thinking of the great effect after Hurricane Sandy striked some parts of the US territory. Have read and seen the news and it was terrifying. I wonder if real estate companies and other homeowners, will ever revive after that tragedy brought by nature. 

Photo from BloombergBusinessWeek

Here's the sad part of it;

"Property Damage  Almost $88 billion of homes in seven states were at risk of damage, according to a report by CoreLogic Inc., a mortgage software and data firm in Irvine, California. New York had $35.1 billion of property in harm’s way, New Jersey had $22.6 billion, Virginia had $11.3 billion, and Massachusetts had $7.8 billion. Maryland, Delaware and Pennsylvania had a combined $11 billion of property at risk, CoreLogic said. " read more here Bloomberg News

Home Selling Alone or With Realtors? Choose One

Ideally, in looking at today's real estate world market, we can say that selling our home is not just easy as one, two, three. Heard of the term Conveyancing? It's an action needed when selling a home and as sellers you must be aware of it, for it's really essential.

In case you have no idea on what is the term, conveyancing is the process of transferring a property with legal documentation and as well as administrative. In every deal you make, make sure to apply and fulfill any legal obligations for the property. This makes the deal valid and reasonably accepted.

Provided you have the right knowledge on all legal aspects necessary for the deal, then you alone can run a deal when selling a property. But not all are equipped with ideas and knowledge that is why you are needing the help of a realtor who will handle everything for you. These people are experts in all aspects of property laws and is good in providing you advices on how you do this and that.

Once you have in mind as your agent, then go to the process of selling your home. These agents earn a commission when they successfully find a buyer and was able to close a deal. They have better ideas on how to make a quick sale and so listen to what they are telling you and if there's something you don't like then feel free to comment about it. They have better options as well incase you find it hard to sell the property.

Principal Residence

I stumble upon this word from Realtown website. I found this useful and so I wanted to have this posted on my blog for those who are looking for the definition of this real estate term. This is just a quick post.

Principal Residence

A structure that has been actually and physically occupied by the taxpayer. No minimum period of occupancy is required. 

Taxpayers selling their principal residence receive special preferential tax treatment: exclusion (i.e., no tax) of up to $250,000 for an individual return and up to $500,000 for married filing jointly if they own and have occupied the residence for two of the past five years. Foreign sellers may be exempt from the FIRPTA withholding rules if the new buyer uses the home as a principal residence. 

Excerpt source: from The Language of Real Estate, 6th Edition by John Reilly (published by Dearborn Real Estate Education, 2006 copyright).

Foreseeing Real Estate Business in Washington

 

When you invest in a property, what do you expect as an investor? This is a question that seems too easy to answer and often investors would answer that they expect an income. It is a fact that real estate business is one of the highest sources of income if the realtor is very much skilled and experienced in that field. A good deal is not always favorable on the part of realtors, agents or a broker that is why they should fully understand the pulse of the real estate market.

How are we going to generate income to Washington MLS investing? Earning can be viewed through buying undervalued or cheap property and then selling it high. Ways on how to locate these properties can be possible by studying market situation, checking out for the housing trends in order to find a good buy of undervalued houses.

Bonus Tip: Strategies of Investing

• Buy and Holding Investing Strategy
• Risk Management
• Asset Allocation
• Value Investing

Difficulty in Calculating Whether Finances is Enough to Buy Property in United States

Are you an ordinary person, having no Admin position who receives much higher compensation enough to invest for a property, but just someone aiming to purchase one? Let me say this, it’s not only those people with high ranking positions in an office can afford to buy a property, even you can have it as well.

 There are plenty of ways on how you can have the opportunity to own a home that you have been dreaming of. Do not worry for you can be a person who can actually avail of such privilege to own one and there are so many options.

Have it checked if after you have allocated all payments for the bills, you still have extra money for savings. If yes, then the next thing to do is to opt for a loan mortgage that was offered and is accepted when buying a property.

Real estate companies have been offering such options for interested buyers who cannot afford to buy a property in cash basis.

Foreclosures or Short Sales 

The above twos are your best options if you have difficulty in generating the needed amount in payment for the property in cash basis. Consider owning a property at foreclosures in Colorado that gives you not only the option to choose from among affordable homes but as well as lots and lots of homes to choose from.You may try also Boulder foreclosures .

Next option are the short sales. A great door for a fresh start for those who are about to lose a home. Short sales has shortcomings as well. For those who are very much eager and keen buyer any Colorado short sales of properties, this serves as a bargain deal and for lenders, this is a good way in order to avoid foreclosures.

Townhouses Listings in The United States Washington

The comfort of living in a townhouse in one of the best feeling compared when you're just renting. Buying can save us a lot of money and at the same time enjoyable. The prominence of living in a townhome is much better than when you are in a smaller home, where space is less enjoyable.

Current properties in the United States that are for sale (these are the townhomes I found):

In Washington State Townhomes Listings here are the list;

Auburn Townhomes Listings

http://washingtonrealestatesearch.com/auburn/townhomes/

Bellevue Townhomes Listings

http://washingtonrealestatesearch.com/bellevue/townhomes/

Federal Way Townhomes Listings

http://washingtonrealestatesearch.com/federal-way/townhomes/


Note: From time to time check out these post for I am going to add more properties.