April
15
Category: Business
It’s trite to say, but it’s true that a person’s most important financial asset is usually his or her house.
Over time it has proven a formidable weapon to increase the asset of the owner since it’s both used as a shelter to live-in, and as a nearly recession proof security that, like fine wine, gets better with age.
But, and there is always a but, to succeed in amassing a net worth, one needs a minimum of discipline.
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Home Equity Borrowing - Keep Your Powder Dry
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March
11
Category: Business
Presentation is an important factor that determines the sale value of a commodity. It is always important to wrap your product in the most appealing manner so that it gets sold easily. Nowadays, various home sellers are adopting a similar strategy. With increasing competition in the real estate market, sellers are making smart modifications and minor alterations inside their homes which can bring about a significant increase in the overall market value of the home.
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March
9
Category: Business
Like so many people who dream of securing a good income in the real estate business, I got my feet wet (actually, almost drown.) in the house flipping business. I was inexperienced and more than likely made all the mistakes that could have been made.
In early 2006 my sister Sarah, who was a new real estate agent at the time, convinced me to buy an old 1930’s fixer upper home for $38,000. The price certainly seemed right and I could see the potential in the old home. Like so many who have come before me, thought I could complete all of the necessary things to rehab this home and sell it for a profit. I couldn’t have been more wrong! I knew the old home was going to need lots of structural work, cosmetic work and landscaping. I purchased the home with a construction loan, and began hiring contractors.
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Problems Vs Profitability - A Guide To Flipping Houses
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March
6
Category: Business
We listed our home in northern Vermont with a real estate agent in Autumn 2006. The advice given to us was “It’s late in the year and things are moving slow. You should probably wait until next Spring to see if the real estate market picks up.” Not very encouraging to say the least. So we agreed and withdrew our listing after the agent sponsored an open house and only one couple visited.
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How We Sold Our Home For Sale By Owner - Fsbo - Within A Month
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