Property

Questions to ask yourself when buying a vacation home

Friday, November 18th, 2011

If you are contemplating on buying a vacation home, you might want to answer these questions first:

Where to buy?

One of the most important consideration when buying a vacation home is the location. You might like a place when you visit it the first time but you have to think long-term before buying a property.

You need to think how you will get to your vacation home. Most vacation home buyers actually opt to get real estate which is a around fifty miles away from their primary home. As much as you want to get a beach front property in a tropical island, you should be realistic since you will not go there for a weekend get away.

Are you buying it to be rented out? You might consider this if you need an extra income so you can pay for the mortgage of the vacation property. If this is your concern, you need to get a vacation home on a popular travel destination where tourists sought for short-term accommodations.

Can you afford it?

Times are tough and having a second mortgage is another responsibility. Do the math first and do it right since your dream vacation home might be your worst nightmare if you cannot pay for it.

Think about financing since you might be paying higher down payment and get higher interest rrates for a second home. You also need to think of how you will handle the insurance and maintenance.

Will it be a smart investment?

If you are planning to get a vacation home, it might help if you will also think of it as a rental property. You will not be using it all the time so it will be wiser to have it rented out. So when looking for a property look for something that can be rented out.

How will the vacation property affect your taxes?

As an investor you should know how getting a new property will affect your taxes. You do not want to have problems with the tax collection agency. You also need to prepare additional paper works if you want to rent out the vacation home. If you rent it out, this will be an additional income and might be additional capital gains tax for your books.

Outdoor Lighting Trends: 1

Friday, February 26th, 2010

outdoorlightingImproving your curb appeal of your home is something that many people do not even think about when they are looking to sell their home, however it is important.  Curb appeal is what will actually attract the consumers to your home and honestly, it is something that will get their foot in the door so that you can sell them on everything that your home has to offer.

Outdoor lighting is by far one of the best ways to improve the curb appeal of your home and in the next few blogs; we are going to talk about some of the trends in outdoor lighting that seems to be popping up.

Solar lights are certainly something that are popping up everywhere but by far, the color lights and orbs are something that are very popular in the way of outdoor lighting right now.  More in the next blog people!

Internet Leads — Are They Worth It?

Friday, July 31st, 2009

internet-searchUsing the internet is something that I personally love in order to create new prospects.  I love the blogs that I have set up and the website that I have created – did you know that using the internet to create leads for your real estate business is a great way to really and truly get your name out there?

Internet leads – while some associates do not think they are worth it, really are.  Personally, I have had internet leads turn out to be truly huge opportunities and all they wanted to do was use the internet to execute it because it is faster.

The internet is a great resource to collect information too – there are a ton of different forums that you can use and take advantage of so you can really be ahead of the real estate game.

Do You Have What It Takes To Be Successful?

Sunday, July 5th, 2009

successful-realtor-2If there is one thing that I have noticed this year, it is the number of real estate agents that are looking for the easy way to succeed.  Most of the time, if you really listen to exactly what the real estate agent is looking for, they are looking for the easy way out, yet they want to be successful.  If you find yourself in this boat, just know that you can not be successful – really successful by taking the easy way out.

Personally, I know that you work your way from the bottom up and gain your cliental base before you do anything and to be honest, in order to do that it is going to take a lot of hard work.

Hard work is something that many people do not think that real estate agents are about.  However, it does take a special kind of person to really and truly sell a house and become that ‘people’ person that most people hate.  You just have to remember to work hard and you will be successful, it is not easy though!

Property Taxes: Are You Going Over Them?

Saturday, July 4th, 2009

couple-with-real-estate-agent-be-uid-1354683If you are a real estate agent, you want to make sure that you help your homebuyers as much as you can and if you find them a home that costs just a little bit more than they are willing to afford – but they still want it, you want to make sure that you go over the property taxes with them.  This is honestly going to be a very, very important step as you do not want to have a liability if the property taxes are not discussed with the homebuyer.

Homebuyers, as we all know are very impressionable and they sometimes think that they can stretch their budget to afford a house that they have fallen in love with.  However, that is not always the case and that is when the real estate agent really needs to check in with the reality of the situation and let the couple really know that they might be able to afford the down payment, but as far as the taxes that go with the house – that might not be the case.

So really, make sure that you go over all of the details of the house with your homebuyers, that way everyone knows everything they need to! More detailed info on San Diego Property Taxes is right here.

Get More Real Estate Business Without Being Overly Aggressive

Friday, June 26th, 2009

real-estate-agents-cardsOne thing that people absolutely hate about real estate agents is the fact that they are usually overly aggressive.  Most realtors believe that if they drive a hard bargain and are very aggressive with their clients they are going to keep them for a while and they are going to be called back and recommended.  That is a very big mistake on the realtor’s part as many people do not like realtors to be pushy or too aggressive to win the deal.

As you can see from this board of business cards that there are thousands of different real estate agents out there and while you want to be the one to win that listing, you need to make sure that you are not too pushy.  For example, do not call the prospect every other day or send too many e-mails when it is clear that they are not going to return any contact from you.  We all know that the early bird usually gets the worm, the same phrase works here too.

Just keeps these tips and tricks in mind and make sure that you do not do that – that way, you will win the business fairly!

Should You Become a Real Estate Agent?

Monday, June 8th, 2009

real-estate-agentBecoming a real estate agent in this day and age is something that a lot of people are doing to make a quick buck.  However, that is not always going to be the case, while real estate selling can be extremely rewarding as you can help many different people find their dream home, it can also be quite difficult to break into.  One great thing about the real estate market is the fact that you can honestly come from really any background in the world and honestly, you can make it in the real estate field.

When you get into the field, you will see all sorts of different people there, everyone from high school graduates all the way to semi-retired business men who are in their second career now.  While becoming a real estate agent can be extremely fun, you do need to make sure that you find your niche in real estate and that you can do it.

Becoming a real estate agent is not all that difficult, however you do have to make sure that you take the real estate test – once you pass you will be certified and you will be able to sell any house that you want!

Tips and Tricks For Buying a Vacation Home! Part 2

Sunday, May 31st, 2009

10142859-vacation-rental-by-owner-home-in-florida

Now that we have talked about how you should locate your vacation property, the next step is going to be actually looking for one.  The destination is obviously going to be the most important thing; after all, you are probably going to be spending a lot of time there.

Costa Rica is definitely one of the top vacation investment property places however, you do not have to go there – you can find your dream vacation home really anywhere!

After you have picked the destination, you next want to find yourself a mortgage broker as well as a real estate agent.  Agent first then mortgage broker.  The real estate agent will actually take you around to all sorts of different properties and help you pick out a home that matches all of your specifications, so you will not have to worry about hunting down a property that fits everything that you are looking for!

Tips and Tricks For Buying a Vacation Home!

Saturday, May 30th, 2009

homes-mexico

Investing in a vacation home is something that is very, very scary in the beginning, however, if you are the type of person that goes on vacation a lot, getting a vacation home is going to save you time and money in the long run!  That is exactly what we are going to explore in this article, just how you should go about getting your own vacation home and what you should look for!

First and foremost, you need to make sure that you figure out exactly what you want out of a vacation home.  Making a list of all of your wants is something that you absolutely need to do, after all, this is going to be your second home and you should absolutely make sure that it meets all of your needs!

After your list is made, you now need to make sure that you decide on a location.  There are so many different locations available that it can be overwhelming but really think about where you would visit all of the time and research some of the airfares to these places … that way you can know just how much money you might be spending on traveling.  More in the next blog!

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Your Kitchen Floor Keeps Your Home Resell Value Up

Saturday, January 31st, 2009

kitchen floorIf you are thinking of selling your home, you have to make things look in tip top condition. The walls, the roof, windows, and your kitchen must be pleasing to the eyes of potential buyers.

When it comes to your kitchen floor, choosing the right materials from the start will assure that it will be able to survive the wear and tear of all the foot traffic, drips, and spills. As long as it looks good at doing the job, your kitchen floor will surely help in keeping your home at the price that you want it to be at.

There are several kitchen floor options to choose from: (more…)