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

Real Estate Business


Starting real estate business is not that simple. Multiple aspects of stable business should be considered before you invest even 1$ in real estate. Owning real estate is no guarantee of wealth. There are a lot of things you have to do right to receive your reward. One of the most important points is to stay financially healthy, while waiting on your big pay day.

If you're considering real estate investing, you should start from your business plan. Yes, you also will have to read books, attend seminars and have lots of practice. You can find a lot of the books, useful links and other helpful information on starting real estate business at www.RichTrack.com.

Common mistakes to avoid:

1. Work with reputable companies. This is the most important choice you can make when starting your business.

2. Don't trust promises which are not written in agreement. If some company tries to make you sign a sales or a purchase contract that does not include any verbal commitments, stop! Written documents almost always override verbal agreements. For instance, when a mortgage company tells you they have locked your rate, get a written statement which details the interest rate, the length of the rate lock, and details about the program.

3. Don't count on market moves when you lock in to a mortgage rate. Deciding when to lock in to a mortgage rate can be difficult. People usually wait, trying to guess when rates have hit bottom. Unfortunately, a great deal of times they will wait too long and end up with a higher interest rate. There is nothing wrong with floating but keep trace of market indicators as well.

4. When buying a home, don't forget a professional inspection. Unless you are buying a new home with warranties on all equipment and appliances, it is recommended that you get a property inspection, a termite inspection and a roof inspection. Start learning what issues are quite common in inspecting a property. If a professional home inspector tells that certain repairs need to be done, the seller is more likely to agree to do them. If the seller agrees to do the repairs, have your inspector verify that they are done. As always do not trust verbal promises.

5. Beware of hidden fees. Check for certain miscellaneous fees such as notary and document preparation. These types of fees can mean hundreds or even thousands of dollars in closing costs. As always do not trust verbal promises. Ask people questions, if you don't understand something they do.

Written by Helen Peshkova, RichTrack.com.

http://www.RichTrack.com is one of the first business oriented education portals. It's the leading online business information network for millionaires. The goal of RichTrack.com is to present business content in a professional, helpful and practical format that helps you getting rich.


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


RisMedia.com (press release)

Traditional Real Estate and the 'New Normal'
RisMedia.com (press release)
Christina Pappas: Everything old is new again. The saying comes from the lyrics of a Peter Allen song originated nearly 40 years ago, but the words were never truer than they are today, especially in the real estate industry, which has changed and ...

and more »


Mansion Global

Vietnam: The Next Frontier in Asia's Luxury Real Estate Market ...
Mansion Global
Activity in the luxury real estate market is surging in Vietnam, mirroring a booming economy that posted a 7.38% year-over-year increase in GDP in the first ...

and more »


Meet the Inman Innovator finalists: Most Innovative Real Estate Team
Inman.com
Chris Suarez, Xperience Real Estate: Chris Suarez built his business on his deep experience in real estate law and real estate sales, and he's crafted his team strategy around one-on-one agent training that helps elevate agents' strengths and minimize ...



The Columbus Dispatch

Real-Estate Matters: Age shouldn't sway couple from purchasing their first home
The Columbus Dispatch
Q: My husband and I are both in our 60s. Because of various circumstances — job losses and helping our sons through college — we never brought a house. But now we are in a position to buy our first home and have about 20 percent to put down.



Meet the Inman Innovator finalists: Most Innovative Real Estate Team part 2
Inman.com
Kristan Cole Team: Alaska is a destination real estate market, with clients from all over the world, and Kristan Cole's team has figured out how to leverage this international interest to its advantage. Cole's team sells in multiple Alaskan cities, and ...



Real estate transfers: Reported July 15, 2018
Herald-Whig
Real estate transfers recorded in the office of Adams County clerk and recorder. Quincy area. Quincy Park Foundation Inc., property in Quincy, to Quincy Park District. Douglas Falk and Lisa Falk, property at 611 Sycamore, to Felicia Wires and Raphael A.



Wall Street Journal

Lawsuit Accuses Westchester Real Estate Firm of Conflict of Interest in Home Sales
Wall Street Journal
The suit takes on a thorny issue in real-estate transactions known as “dual agency,” when the same brokerage firm, and sometimes the same agent, represents both buyer and seller. These arrangements create a conflict of interest that can compromise the ...



The MReport

Non-Resident Foreigners Sold $10.5B of US Real Estate in 2015
The MReport
There's international appeal in U.S. real estate, and, according to recent IRS data, certain countries seem especially smitten with it, Zillow Research reports. Back in 2015, non-resident foreigners sold $10.5 billion of U.S. real estate, trouncing the ...



Buffalo News

Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending June 8. AKRON • 13 Marshall, John R. Schrock Sr. to Courtney L. Flick, $195,000. • 206 East Ave., Karen A. Sowinski; Karen ...



NewsOK.com

Medical marijuana comes with real (estate) consequences
NewsOK.com
Way back in November 2014, when I dared write about the Institute of Real Estate Management's white paper on the subject, "Marijuana in Property Management," I was roundly mocked, accused of sensationalism and dang near hooted off the internet.

and more »

Google News

home | site map
© 2006 TIGER MEDIA