|Real Estate Information|
Avoiding A Bad Investment Is Easier Than You Might Think
W. Troy Swezey 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.
The Curious History Of Wine Consumption In America
The history of wine consumption in America has been frought with starts, stops, and inconsistencies.The American population has always had a love-hate relationship with alcohol.Historic prohibitionist attitudes amongst much of the American population have blurred the line between moderate wine consumption and detrimental alcoholism.As a result, regular, moderate consumption of wine by the American public continues to face ideological and legal impediments.
The Five Feng Shui Elements and Their Characteristics
Feng shui handles five main elements in order to achieve harmony and balance in any space. These five feng shui elements are: wood, fire, earth, metal and water. Each one of them has its own characteristics and properties, and we will detail them in the following lines.
The Logic of Emotion!
Homebuyers are an interesting study. Watching people make their home buying decisions has brought me to the conclusion that every decision that every one of us makes is based in emotion. You heard me, its all about the emotion. Before you deny what I am describing to you, let me begin with me.
Cost of Living Analyses
If youve ever moved from the Midwest or the South to either coast, you realize just how different the costs of day-to-day living can vary among various U.S. cities. Many transplanted families pursue cross-country moves with the knowledge that their new hometowns will be more expensive. And many employers recognize that impending cost-of-living increase with a "cost-of-living allowance" -- a slight raise in salary so that an employee may maintain his or her current standard of living without having to tighten the purse strings upon arrival.
Comparing The True Cost Of Obtaining A Home Loan
Home buyers are often confused about where to begin in their search for a home loan.The process is usually narrowed down to finding which institutions provide the lowest settlement costs, but the different types of lending institutions and the variety of lending programs available can make the search a slow, difficult experience.
How I Became a Syndicated Columnist -- And You Can Too!
Real Estate has "Location, location, location," and writing has "Clips, clips, clips."
Look Past the Bottom Line for a Propertys Potential
It’s unfortunate that many real estate investors tend to look at the bottom line when deliberating about a property, rather than the big picture.The real moneymakers in real estate investments are the people with vision, who think creatively, and are willing to assume some level of risk.
Organizing The Information
Putting a piece of paper in a file folder is easy; finding it again is the hard part. There are ways to make your files easier to use and your papers easier to find. Invest in a sturdy, four or five-drawer file cabinet. Spend the extra money it takes to get quality and durability.
Create Powerful Joint Ventures Step by Step
Figure out what you are passionate about and make it your business.
13 Steps to Increasing Your Link Luck
Link development can be an absolute nightmare. It takes up most of a marketer’s time and the yield isn’t always what we originally hoped. Worrying about PR, one way inbound links, triangle linking, where to find quality sites to exchange with, it’s all just a huge headache. To be honest, there’s no real way to wash your hands of it, unless you have a huge budget for purchasing text links or to hire someone to do your linking for you. So here are 13 ways to increase your linking luck. They require a little bit of effort, but executed properly, these steps will only bring your site success.
Perhaps you’d like to take advantage of today’s great real estate market in housing but feel a little intimidated by everything that’s involved.
The 3 Keys To Business Victories
No matter what business you are in there is a high chance of failure. Why Because most people dont do the research and keep the right focus needed to succeed.
As a new business owner you must wear many hats.
Classifieds with Localized Shopping
The Mjmls Classifieds, http://www.mjmls.com, received a modest improvement, with the utilization of a new GoLocal™ Feature. After several months of, “Beta-Testing,” various localization models, the Mjmls staff decided to implement a feature allowing users to sort advertisements by State or browse on a National level, using a simple, “Dropdown-menu”.
Refinancing your home - How and why
Chances are you may need a little extra money to get some work done around the home or perhaps your current interest rate is 7.5% and the prime interest rate is 6.0% there is a benefit to restart the clock on an existing mortgage and save thousands of dollars over the life of the loan. The first thing you must realize is that refinancing your home can also be tax deductible, meaning that you will receive an extra tax advantage for the closing costs associated with a refinancing no matter what the condition, even in bankruptcy!
Create a Win Win for Small Your Small Business
Discover How Specialized Cost Containment Creates A New Win-Win Position For Property Owner’s And You
Optimizing for Visitors not Search Engines
Most people feel that optimizing is to target the search engines alone. In my opinion, this is not the only case. Optimization requires a balance of traffic enhancements and a user friendly atmosphere that provides clear navigation. Most will agree it would be much better to have people accept offerings from a Site, rather than masses of people who do nothing. Here are some general tips and thought to make pages user-friendly.
Getting One Way SEO Links - The Easy and FREE Way
What we are hunting for
50 Surefire Business Card Tips
Business cards are one of the most powerful and inexpensive marketing tools you can use.Here are 50 surefire tips to make the most out of your business cards:
Real Estate Auction Action - Buying A Home At Auction
Due in part to the popularity of the U. S. Department of Housing and Urban Development HUDs home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction arent limited to just HUD, however. Many government entities auction homes for payment of back taxes, and some homeowners even auction their homes on eBay.com!
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