Thursday, March 23, 2017 / by Jason Huerkamp
In today's market, Sellers know that there is low inventory and their home will be one of only a few for qualified buyers to choose from. Because of that, they feel that they can get more for their property than the agents want to price it for right now. Should they put a higher price on their property?
When we have a busy real estate market there are more real estate agents who come into the industry and either they don't have the experience and they are out there showing homes and making sales. When there is a listing to be had, the Seller will inevitably invite a few people in to give him a valuation on his property. There will always be one or two who will go in with a higher price, in order to get a good chance of getting the mandate to sell that home. The Seller wants to hear that the home will get more and the agent who wants the mandate may be inclined to accept a mandate at that higher price, stating that its probably "worth trying." The reality is, they are un ...
Friday, March 17, 2017 / by Jason Huerkamp
The first thing you need to do is be sure you are working with a great real estate agent, someone who has experience and understands your needs. Choosing your real estate agent is of prime importance. Choose with care. Read more about that here.
We get asked many questions by buyers when they are considering buying a home. There are a few that come to mind that are really important. Lets take a look at those important questions.
How Much Home Can I Afford
There is a good chance that when you get pre-approved / pre-qualified for a home your lender will have spoken to you about the amount of the loan and what payment you will have to pay each month. Before you buy, make a list of all the things that you will need to pay over and above your mortgage payment. Here are a few items you may need to consider to add in to your monthly budget
These costs are house rela ...
Friday, March 10, 2017 / by Jason Huerkamp
Property investment is the first step in building wealth for your enjoyment and even as your retirement alternative or supplement.
It seems quite simple really - you find a property, put in some tenants and they pay off your mortgage, and you can earn a pretty penny for very little effort - Nope - not quite how it happens.
Lets begin with your lesson in Property Investment
1. Types of Property Investment
Profit from your Property Investment comes in four different styles
This is not a short term solution to getting rich quick. Capital Growth in your investment is usually seen over a longer period of time.
Positive Cash Flow
If you have less expenses than your have income, you are into positive cash flow. Any investment property over time will reap the benefits of higher income and stable expenses. This builds wealth, particularly if you invest the positive cash flow into another investment property.
Some Rental Property expendit ...
Friday, March 03, 2017 / by Jason Huerkamp
Whats Your Home Worth and How Do You Know That For Sure?
When you are considering selling your home and you need to know what its worth, then it could be time to do your own homework first before calling in your realtor and getting down to business.
Here are a few things you can do to find out what your home is really worth.
Analyze Your Neighborhood
You may have lived in your neighborhood for a long time and it may be a good idea to look at it with new eyes. Take a drive around and see what the neighborhood looks like in comparison to other similarly priced neighborhoods in your town. Are the gardens, pool, playground, fencing in good condition or does it look less than inviting. That job may be for the HOA and there is little you can do about that but it gives you the idea what prospective buyers will do even before they look at your home.
What did Other Homes Sell For In The Area
Find out what the other homes in the neighborhood have sold for and which are r ...
Friday, February 24, 2017 / by Jason Huerkamp
When Purchasing a home, your real estate agent will want to know about the contingencies that need to be in your contract. An experienced agent will know exactly how to protect you, but lets look at a few that definitely could apply to you and should be considered when writing your contract.
Contingent Upon a Mortgage
If you are borrowing money from a lender, you want to be sure that this condition is written in, because if it isn't, you may have to proceed with the sale without the protection of a mortgage or face legal and financial consequences. This would be pretty standard in any real estate contract and would be deleted should the purchaser be paying cash for the property.
Contingent Upon Selling Your Home
This would be important if you were purchasing a home and needed to sell your existing home in order to continue with the purchase of the new one. Normally this contingency would have a time period attached to it, so that the seller would not wait forever until ...