Real Estate Blog – Condotron

Condos – Properties – Real Estate – Mortgages

01 Nov

When It’s OK to Back Out of a Real Estate Deal: 2

Posted in Real Estate on 01.11.09

tenant 2So, when is it okay to break the deal? If the house of your dreams has any debts, it may not be a good idea to keep your offer in the pot. At the very least, calculate how much you will be left paying.

If you find any structural damage, that’s it. Do not worry about any deals, just get out as close as possible. No real estate deal is worth the health and safety of you and your family.

You also need to make sure that the location suits your needs.

For that matter, the size of your house needs to suit your needs as well. If you are looking to buy a cute house but plan to expand your family … well, thinking for the future is always smart.

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25 Oct

When It’s OK to Back Out of a Real Estate Deal: 1

Posted in Real Estate on 25.10.09

tenant 1I know, I know, the title of this series of posts may just have caused a gasp of horror from readers, but it’s true — sometimes it is okay to back out.

These are worst case scenarios, however. This is why people who are selling and renting so often want to make sure that you see the property before anything is signed. Up to that point, you can still back out and leave them in the lurch. However, due to the often subversive and deceitful nature of real estate doings, sometimes landlords, sellers, brokers, and real estate agents are perfectly happy to leave you in the lurch as well. That is why it is important to realize that, yes, sometimes you can back out of a deal.

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24 Oct

Facing foreclosure? Don’t pack just yet: 2

Posted in Mortgages on 24.10.09

ForeclosureHouseNow that we have talked about making sure that you know that you are not alone, let’s go ahead and dive right into foreclosure.  If you are considering just leaving before the bank really owns your home, there are some problems that you might run into that you need to know about.

Firstly, the foreclosure can actually be resurrected and the owner of your mortgage can return later and restart the foreclosure if the property value rises up in a few years.  Did you know that your mortgage can also be sold?  Just as many credit-card companies sell deadbeat accounts to aggressive debt collectors for pennies on the dollar owed.

Another problem is that the city can actually throw you out – which is something that I had no idea about!  These are just a few problems that you might run into if you plan on leaving your home.

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23 Oct

Facing foreclosure? Don’t pack just yet

Posted in Mortgages, Real Estate on 23.10.09

Facing foreclosure? Don't pack just yet Across the country, we all know that banks are starting to foreclose on many homes and homeowners are left without a word of explanation.  The banks seem to be taking the homes without so much as a warning and it is happening everywhere – form Ohio all the way to NY and from NY all the way to Florida.  It seems that foreclosures have become increasingly popular and there is no way around it.

If you are a homeowner that is faced with foreclosure – there are a ton of things that you can do, you just need to know exactly what to do and what they are.  The first thing you need to realize is that you are not alone.  There are so many people out there that have faced foreclosure and have gotten through it and you can too.

In the next blog, we are going to talk about some more ways that you can handle foreclosure if you are faced with it.

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14 Oct

Getting into the Real Estate Game: 2

Posted in Real Estate on 14.10.09

agent 2One thing that will help you to decide if you do want to become an agent is by talking to other real estate agents. Knowledge is power in this industry, and learning about firsthand experiences can be enormously helpful.

You see, you can make good money when you work in real estate. However, it is not going to happen right away. As a new agent, you are going to have to pay your dues and make your bones, unless you are lucky enough to start out selling million dollar properties, which is not highly likely.

Thus it is important to be realistic. If your whole idea of being a real estate agent comes from one of those reality shows on Bravo, you need a big reality check.

As with any other endeavor, it takes hard work, determination, and patience to become successful in this industry. We will outline just how to go out it next week.

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12 Oct

Getting into the Real Estate Game: 1

Posted in Real Estate on 12.10.09

agent 1A lot of people love the idea of becoming a real estate agent, but they are not at all sure about what this involves. It seems fun — and it can be, as well as very rewarding. However, it is vital to remember that this is a job in an industry that is often topsy turvy at best. It takes a lot of hard work and dedication, and it requires more than just hours spent in the classroom.

Education is key, of course. Not only do you need to educate yourself when studying to be an agent, but you also need to do plenty of research before taking the first step. Contrary to what you may have heard, you will not make a lot of money while doing hardly any work if you become a real estate agent.

You can be successful, though, if you are willing to dedicate yourself — as you will see.

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17 Sep

Increasing Your Chances of a Sale: 2

Posted in Real Estate on 17.09.09

real estate 2In a market like this, you are going to need to think outside of the box in order to keep buying and selling while your competitors are waiting for the housing crisis to end.  The same old tactics just are not going to work as well.

Open houses are great, but they cannot do that much if no one can afford the house you are selling.

You need to try a direct mail campaign as well.  Put yourself at the forefront with a personal touch.  If you send out birthday postcards and holiday greetings, people are going to remember you when they are finally ready to buy and sale.

Spruce up everything you can.  The more palatable a property looks, the more intrigued people will be.

Do not be too pushy.  You can be persistent without being pushy.  Don’t force anything, because that is going to scare potential clients away during a time like this.

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15 Sep

Increasing Your Chances of a Sale: 1

Posted in Real Estate on 15.09.09

real estate 1It is a hard time for real estate agents right now.  After all, although the housing market is climbing out of its funk, it is slow going.  No one is moving, it seems like, because no one can afford to buy a new home — and no one is selling because they fear their house will remain on the market in limbo for months and months on end.

As a real estate agent, you have to be more proactive than ever, in what is already a proactive industry.  It is not just enough to be a go getter.  Sometimes you literally have to go and get what you want.  How can you do that?  How can you persuade people to buy and/or sell their house?

By being persistent, of course, and exceedingly good at what you do.  Oh, well, plus there are some tips that may help you.

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12 Sep

Dealing With Real Estate Scams: 2

Posted in Investing, Money on 12.09.09


Now that we have talked about some of the beginning stages of scamming, let’s talk about the scams themselves.  These are pretty easy to spot – if anything actually states that you are going to be able to get rich extremely fast and you will not have to put up any of your own money.  In the end, this sounds like the perfect deal – right?  However, when you do your research, you will have to put up money of your own, just not in the beginning.

That is the biggest thing that you have to remember, you always want to make sure that you are researching anything that you sign up for.  After all, it could get you in trouble in the end, which is something that you do not want.

Research is certainly something that will help you in the end, especially when it comes to real estate scams.

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11 Sep

Dealing With Real Estate Scams: 1

Posted in Investing, Money on 11.09.09

Real Estate Scams

Falling into a real estate scam is something that many, many people do not think about.  With all of the get-rich-quick scams out there, it is no wonder that people are constantly getting themselves into debt.  Have you ever seen the infomercials at night boasting that you get make millions with no investment at all?  Well, I am here to tell you a little bit about those.

One thing that you should know is that these infomercials can do a lot of harm to you in beginning.  In the beginning stages of investing, you really do not know what works and what doesn’t yet – however you will end up wasting hundreds of dollars on old information.

To be honest … this usually discourages people from investing and they miss out on real estate that truly can make them a lot of money.  Let me help and walk you through these scams!

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