Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Avoiding A Bad Investment Is Easier Than You Might Think


Human nature being what it is, none of us can get serious about the idea of buying a house without experiencing at least a few small twinges of worry. What we fear, of course, is making a mistake. And the mistake we tend to fear most is buying a "lemon" - a house that doesn't simply fail to satisfy our hopes but turns out to have so many flaws that it's a disastrously bad investment.

The good news is that the danger of getting stuck with a lemon of a house is one of the most easily avoided dangers in the whole universe of personal finance. Prospective homebuyers are protected in many ways, and they can further strengthen their defenses by taking a few simple, commonsensical precautionary steps.

The first of your protections is the fact that in many places sellers are required by law to make problems known to potential buyers - and are liable under the law if they fail to make adequate disclosure.

For obvious reasons, however, most of us prefer to steer clear of legal entanglements even when the law is on our side. In the housing market we do this by identifying problems before closing the deal. And identifying problems isn't necessarily all that difficult. Even a person who's not an electrician or plumber or construction expert often can identify areas of potential concern simply by being alert when visiting a house that's on the market.

It's a simple matter, for example, to turn on faucets and showers to test water pressure. In a bathroom it's a simple matter to turn on the hot water both at the sink and in the shower at the same time and then flush the toilet and watch for drastic drops in pressure or temperature. This is highly likely to produce evidence of whatever problems are lurking in the plumbing system.

Most homes should provides at least 200 amps of electrical power, and it's usually possible to confirm this simply by checking the numbers on the circuit-breaker panel. Check, too, for extra-heavy 220 -volt outlets where they're needed for a washer, dryer and other heavy appliances - and for the grounded three-prong outlets needed for computers and power tools.

A house that's been standing for years but still has straight walls and ceilings and remains free of cracks and the stains that indicate leaks is likely to be structurally sound.

Are the basement walls damp - or even wet? Have termites left their calling cards - tubes or tunnels where the walls touch the ground, or wood debris around baseboards?

Wherever you see such things, things that you wonder about because you don't understand them or wouldn't expect to find them in a completely sound structure, you can be confident that it's time for further examination. Keep an open mind about what that further examination might lead to, however. Things that can look like big trouble to the amateur eye sometimes turn out to be quite trivial when an expert checks them out.

The word "expert" is a crucially important one to remember. Ultimately, before closing on the house of your choice, you should have it inspected by a professional - one who has solid credentials and a solid reputation and whose work is guaranteed. Your purchase should be contingent on the results of the inspection. Your realtor can help you make all this happen, thereby reducing your risk to the vanishing point.

About The Author

W. Troy Swezey is the author of "AVOIDING A BAD INVESTMENT IS EASIER THAN YOU MIGHT THINK." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Wall Street Journal

Luxury Real Estate Runs Hot and Cold in Europe
Wall Street Journal
After a long, steep downturn, real estate in the French capital has finally got its joie de vivre back. The political landscape under President Emmanuel Macron, along with low interest rates, have helped reverse prices' downward trajectory. The average ...



Miami Herald

Some impacts of new tax law on local real estate are clear. Some aren't.
Miami Herald
Even though the sweeping tax reform bill was signed into law on Dec. 22, the massive document is so dense that even seasoned real estate professionals aren't entirely sure what it will mean for Miami. While some of the bill's real estate provisions are ...



Bangor Daily News

Miami real estate developer buys former Bangor Macy's
Bangor Daily News
A subsidiary of Lionheart Capital, a Miami-based real estate development and investment company, closed on its purchase of the former Macy's department store property at the Bangor Mall earlier this week. Ten-X, the online auctioneer that sold the ...
Florida Real Estate Company Purchases Former Macy's at Bangor MallWABI

all 2 news articles »


Press Herald

Southern Maine's real estate market still riding high, experts say ...
Press Herald
But headwinds from a stalled marijuana industry and an abundance of hotels in Portland could slow further growth, said presenters at the Maine Real Estate and Development Association forecasting conference Thursday. By J. Craig AndersonStaff Writer ...

and more »


The Mercury News

Transcript: Trump dossier initially focused on real estate
The Mercury News
WASHINGTON — Research that led to the creation of a dossier alleging a compromised relationship between President Donald Trump and the Kremlin focused in its early stages on his real estate projects, a history of his tax disputes and “opaque” business ...

and more »


Gecina: Parisian Real Estate Player To Have A Strong 2018
Seeking Alpha
The company has made some excellent strides recently, and shareholder value has been increasing. Recent efforts on specializing on Parisian real estate assets (shedding non-core assets), as well as a recent combination with Eurosic, makes Gecina a very ...



Forbes

3 Commercial Real Estate Trends To Watch In 2018 - Forbes
Forbes
Political and economic uncertainty has pervaded the past year, with the U.S. economy showing signs of growth amid low inflation and a distressed retail segment in 2017. Here's a look at three commercial real estate trends to watch in 2018.

and more »


It May Not Be Time To Fear Stocks Yet, But Perhaps Real Estate
Seeking Alpha
Euphoria seems to be taking over the stock market with frequent stories of new highs - but what is more important is how strong the stock market performance is relative to the bonds. Month-to-date through Jan. 18, 2018, the S&P 500 is outperforming the ...



Bitcoinist

Spain: First Real Estate Sale Using Only Bitcoin in Country
Bitcoinist
Mister Piso, a real estate company based in Spain, has sold the first piece of real estate using Bitcoin as legal tender. The company is hoping that a shift into cryptocurrency could accelerate sales and revitalize the housing sector. Bitcoin and ...

and more »


Bisnow

GFP Real Estate Buying FiDi Office Building For $310M In First Big Deal Since Name Change
Bisnow
GFP Real Estate has made its first major transaction since changing its name from Newmark Holdings in October. The Gural family-run company purchased 7 Hanover Square in the Financial District from The Guardian Life Insurance Co. for $310M with the ...


Google News

home | site map
© 2006 TIGER MEDIA