Real Estate Information |
|
How Come No One Told Us About This When We Were Buying a Home?
Development, it's bound to happen. Simply because there is a large open field, or the property you're looking at borders woods, doesn't mean it will or can stay that way in the future. I could rattle off instance after instance where home buyers who may have just closed on a property, are being notified as an abutter that some type of proposed development, they hadn't heard about previously, was taking place right next door to them. On that note, here are a few questions that, as a home buyer, you need to raise as you look around the property and neighborhood:
Most municipalities have a Master Plan that gives a plan of action for how the community is or could be developed in the future. Often, discussion is by area, neighborhood or grouped by use. One of the things you should check out is if there are any changes planned in the short term or long term for the particular area of the city or neighborhood in which you are looking to live. Neighborhoods go through transitions that include development, stability, and decline/redevelopment. Some areas are in transition from one use to another. Other areas are slated for actual zoning changes perhaps to a much higher density because of the dwindling supply of land that can be developed. Getting caught in the middle of such a transition may make resale much more difficult and life at the old homestead less desirable if development occurs all around you that you weren't anticipating or told about. Zoning ordinances dictate what you can or can't do in a certain area of the city, including what uses are allowed to exist. Review a zoning map of the area to answer the following questions:
I have experienced each of these scenarios being at issue with a property I was involved with at one time or another, either as a sales agent, real estate appraiser, as a member of the Zoning Board, or as a property owner. The advice here is plain and simple. When buying a home, be sure to do your homework. Don't be like many home buyers who fail to understand as much as they can about the home they want to buy and end up disenchanted with their financial investment. Copyright 2005 Don Berthiaume ABOUT THE AUTHOR Don Berthiaume gives you the questions you need to ask when buying a home. For more details, and for a free 4-part mini-course in home buying, visit this site now: Buying a Home
MORE RESOURCES: Florida real estate sellers slashing home prices as inventory surges to uncomfortable levels New York Post How real estate commission changes could affect buyers and sellers The Washington Post The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal Here’s the latest on commercial real estate sales in Baton Rouge Greater Baton Rouge Business Report Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business Chris Hemsworth's Homes: Inside the Marvel Star's Real Estate Portfolio Architectural Digest Clearwater property owners sell $58M real estate portfolio to Church of Scientology parishioner FOX 13 Tampa Real Estate Sales Include More Parcels For Ripley Project Jamestown Post Journal Blackstone makes more real estate moves InvestmentNews Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal Navigating Real Estate Law with The Mullin Blankfeld Group KLAS - 8 News Now Former Larimer County real estate agent sentenced to prison, probation for investment scam Denver 7 Colorado News Buffet's real estate brokerage to pay $250M settlement in commission lawsuits The Dallas Morning News Former HGTV star gets jail time for real estate fraud WGN TV Chicago An ongoing issue for the Rockford-area's top-ranked real estate market: Not enough homes on the market Rock River Current Warren Buffett's real estate firm pays $250M to settle antitrust suit over commissions New York Post Routt County real estate sales at $26.2M from April 19-24 Steamboat Pilot & Today EG Real Estate: A Block of Historic Downtown Hits the Market – East Greenwich News East Greenwich News Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. The Wall Street Journal Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million The Wall Street Journal Can Robert Kiyosaki's Real Estate Investing Make You Rich in 2024? Norada Real Estate Investments Real estate, business leaders help honor Milwaukee-area real estate projects: Slideshow - Milwaukee Business Journal The Business Journals Why I Don't Invest in Real Estate Uncharted Territories Mayo Clinic Health System sells land containing Washburn Community Garden to real estate developer News8000.com - WKBT Max Azria's Manse Hits the Market, an Edward Fickett House Lists, and More Real Estate News Architectural Digest 10 Cheapest Florida Beach Vacations for 2024: Affordable Beaches Norada Real Estate Investments East Austin real estate booming after Tesla Austin Business Journal This ornate Queens home with $1M of mahogany additions asks $5.77M -- one of the priciest in the borough New York Post The Pipeline: Commercial real estate roundup for 4.26.24 RichmondBizSense Mike Wyatt's legacy: Longtime Dallas real estate broker remembered - Dallas Business Journal The Business Journals Some Exciting North TX Real Estate Projects in 2024 The Dallas Express Rockford Is Now America's Top Housing Market After an Improbable Turnaround The Wall Street Journal A+ Real Estate: See How Much It Costs To Buy a Home in the Nation's Top 10 School Districts Realtor.com News Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits The Atlanta Journal Constitution New Jersey DOI mulls $250m commitment to Bain real estate fund IPE Real Assets Solano Real Estate Scene: Back road to downtown Suisun City Fairfield Daily Republic reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Business Wire Solano Real Estate Transactions: April 26, 2024 | Solano Business | dailyrepublic.com Fairfield Daily Republic $2.2 million Key Biscayne townhome highlights this week's Real estate deals for Key Biscayne and Brickell Islander News.com From First-Class to Super Prime: A Luxury Real Estate Success Story News Channel Nebraska real estate market and insurance Sacramento Appraisal Blog Berkshire Hathaway HomeServices of America settles commission lawsuit The Business Journals San Francisco Buyers Bring Its Luxury Housing Market Back to Life The Wall Street Journal Real estate transfers: 3 Stark County homes sell for $500000 or more Canton Repository $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News Homebuyers and sellers might spend less following major real-estate settlement - Evanston RoundTable Homebuyers and sellers might spend less following major real-estate settlement Evanston RoundTable Recent commercial real estate transactions - 4/24/24 BizTimes Milwaukee Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits Bowling Green Daily News Real-estate agent's ritzy Hamptons home used in fake Airbnb scam Business Insider Is The Housing Market Going To Crash? Bankrate.com Coima selected for €500m Intesa Sanpaolo real estate mandate IPE Real Assets Real Estate Investment in Belize - Luxury Beach Front Opportunities | Covington-Maple Valley Reporter Covington-Maple Valley Reporter 9 Ways Rich Real Estate Owners Save Big on Estate Taxes Business Insider I'm A Real Estate Agent: Here's What Will Happen to the Housing Market If Rent Keeps Rising Yahoo Finance |
RELATED ARTICLES
Home Equity Loans - Beware of Appraisal Fraud A new report by the independent Demos group has revealed what may not be a surprise to many people - corruption is rampant in the home appraisal industry. The bust in the dot-com market of some five years ago has left would-be lenders with a surplus of cash to lend. How to Use Design Psychology to Stage Your Home for a Top-Dollar Sale A new business venture to help home sellers, home staging, assists property owners in preparing their home for the best possible sale. Home stagers visit your home and either tell you how to redesign it or actually do the work for you. Why Should Sellers Be Absent During Showings? If only there were a way to sell your home without letting all those people come through. Unfortunately, the reality is that homes must be shown in order to be sold. How to Decrease the Value of Your Own House Owning a house is part of the American Dream. Depending on where you live in the US - home ownership can be around 70%. Want A $10,000 House? How do you find a house for ten or twenty thousand dollars? In three steps:1. Find towns that are affordable. Finding Structural Problems During Escrow - Upscale Home Example When buying and selling homes, the property purchase is often subject to a satisfactory home inspection being done. Now and then, a home inspection uncovers severe structural problems. Real Estate Investing Produces Extraordinary Profits Imagine making $5000 a year from real estate investing without recognizing you are real estate investing!Real estate values are so dynamic. The marketplace is always fluid and changing. Selling Houses: Psychological Effects of Landscaping Buyers think they care more about the inside of the house than the landscaping, but in reality, most buyers won't even get out of their car if the front landscaping lacks the promise of great details inside. Therefore, your landscaping needs to arouse buyers' expectations and entice them into viewing the inside of your home. Real Estate Investment - One Simple Formula I saw the ads in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. A Difference Between Appraisal, Assessment, Home Inspection Every one should have a home inspection before purchasing any property, including new construction. You may think that's rediculous but there are too many cases that prove otherwise. How Much Home Can You Afford In Todays Market? If you haven't figured your credit worthiness and borrowing power lately, you might be surprised at how much home you can afford to buy in today's market! Mortgage Lenders are very optimistic about the future of the real estate market and as a result they are willing to loan more on properties than you might expect! And, lenders are making loans at rates not seen since the late 1960s.We,as your Realtor, will be most willing to align you with one of our favored lenders for a private and complete analysis of your borrowing power. How to Sell Your House by Lease Options Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. Be Careful - A Real Estate Agent Could Lead You Astray The real estate agent is a valuable source of potential deals for you as an investor. They have access to the multiple listing resources and of course, have a monopoly on this information so they have to be part of your game plan as an investor. Basic Real Estate Valuation Given the current interest (dare I say hysteria) associated with investing in dirt and buildings, I thought it might be interesting for our readers to have a quick, dirty manual on real estate valuation. My perspective comes from years in the industry as well as some time learning at the knee of some of the better real estate minds in academia. Commercial Real Estate Industry - Is the Condo Craze Over, or Just Gaining Steam Over the last two years there has been so much condo activity that many commercial real estate lenders are starting to express concern over the future stability of condo markets. Some lenders have recently found themselves over allocated in condominiums as a result of the recent activity and have therefore become wary of all but the best opportunities. How to Attract Clients in Residential Real Estate Doesn't it seem like everyone you know has a friend, relative, or acquaintance that is a realtor? How could anyone, especially someone new to the industry, possibly achieve success when faced with this much competition?The answer begins to appear when you consider the following questions:How many licensed real estate agents have the talents required for success in sales?How many have been trained in effective selling techniques?How many know how to prospect effectively?How many know which questions to ask to determine the factors that are most important to each prospect's buying decision?How many take their profession seriously and are willing to put in the effort and hours that are required to build a successful business?How many of them regularly sell multiple houses per month?The 80/20 rule definitely applies to residential real estate. In fact, some statistics suggest the ratio is more like 90/10 (where 90% of home sales are made by just 10% of realtors), with the vast majority of home sales by the top 1%!So, how can a novice realtor attract clients? By building his or her credibility and relationships. European Second Home Prices Wilt in Drought Spain and Portugal have suffered one of their worst droughts on record this summer, with consequences from empty swimming pools for the tourist to economic disaster for farmers losing their crops and livestock.Roger Munns, Managing Director of Tribune Properties, predicts that property prices in the two European countries could drop as much as fifteen per cent in some areas as more owners decide to put their villas and apartments on the market. Real Estate Development Marketing A Specialist Article For Those Interested In Real Estate Development From the desk of Colm Dillon .. An Often Overlooked Secret of Marketing and Negotiating for Real Estate Investors Looking for Deals When you call sellers, what do you say? When you sit down to write a marketing postcard to find deals, what do you write? When you go to negotiate price and terms, how do you present it?These are scary situations and it is not unusual to be at a loss for words at such times. In fact, you may avoid these situations all together just so you don't have to face the overwhelming fear. Selling Houses Fast: Basics of Design & Color Psychology Fixing up houses to ready them for sale includes a design plan for needed changes. Save money on transformation costs by choosing design details right the first time. |
home | site map |
© 2006 TIGER MEDIA |