| |
| |
|
Real Estate Information |
|
|
How Come No One Told Us About This When We Were Buying a Home?
Development, it's bound to happen. Simply because there is a large open field, or the property you're looking at borders woods, doesn't mean it will or can stay that way in the future. I could rattle off instance after instance where home buyers who may have just closed on a property, are being notified as an abutter that some type of proposed development, they hadn't heard about previously, was taking place right next door to them. On that note, here are a few questions that, as a home buyer, you need to raise as you look around the property and neighborhood:
Most municipalities have a Master Plan that gives a plan of action for how the community is or could be developed in the future. Often, discussion is by area, neighborhood or grouped by use. One of the things you should check out is if there are any changes planned in the short term or long term for the particular area of the city or neighborhood in which you are looking to live. Neighborhoods go through transitions that include development, stability, and decline/redevelopment. Some areas are in transition from one use to another. Other areas are slated for actual zoning changes perhaps to a much higher density because of the dwindling supply of land that can be developed. Getting caught in the middle of such a transition may make resale much more difficult and life at the old homestead less desirable if development occurs all around you that you weren't anticipating or told about. Zoning ordinances dictate what you can or can't do in a certain area of the city, including what uses are allowed to exist. Review a zoning map of the area to answer the following questions:
I have experienced each of these scenarios being at issue with a property I was involved with at one time or another, either as a sales agent, real estate appraiser, as a member of the Zoning Board, or as a property owner. The advice here is plain and simple. When buying a home, be sure to do your homework. Don't be like many home buyers who fail to understand as much as they can about the home they want to buy and end up disenchanted with their financial investment. Copyright 2005 Don Berthiaume ABOUT THE AUTHOR Don Berthiaume gives you the questions you need to ask when buying a home. For more details, and for a free 4-part mini-course in home buying, visit this site now: Buying a Home
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
Home Equity Loans - Beware of Appraisal Fraud A new report by the independent Demos group has revealed what may not be a surprise to many people - corruption is rampant in the home appraisal industry. The bust in the dot-com market of some five years ago has left would-be lenders with a surplus of cash to lend. How to Use Design Psychology to Stage Your Home for a Top-Dollar Sale A new business venture to help home sellers, home staging, assists property owners in preparing their home for the best possible sale. Home stagers visit your home and either tell you how to redesign it or actually do the work for you. Why Should Sellers Be Absent During Showings? If only there were a way to sell your home without letting all those people come through. Unfortunately, the reality is that homes must be shown in order to be sold. How to Decrease the Value of Your Own House Owning a house is part of the American Dream. Depending on where you live in the US - home ownership can be around 70%. Want A $10,000 House? How do you find a house for ten or twenty thousand dollars? In three steps:1. Find towns that are affordable. Finding Structural Problems During Escrow - Upscale Home Example When buying and selling homes, the property purchase is often subject to a satisfactory home inspection being done. Now and then, a home inspection uncovers severe structural problems. Real Estate Investing Produces Extraordinary Profits Imagine making $5000 a year from real estate investing without recognizing you are real estate investing!Real estate values are so dynamic. The marketplace is always fluid and changing. Selling Houses: Psychological Effects of Landscaping Buyers think they care more about the inside of the house than the landscaping, but in reality, most buyers won't even get out of their car if the front landscaping lacks the promise of great details inside. Therefore, your landscaping needs to arouse buyers' expectations and entice them into viewing the inside of your home. Real Estate Investment - One Simple Formula I saw the ads in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. A Difference Between Appraisal, Assessment, Home Inspection Every one should have a home inspection before purchasing any property, including new construction. You may think that's rediculous but there are too many cases that prove otherwise. How Much Home Can You Afford In Todays Market? If you haven't figured your credit worthiness and borrowing power lately, you might be surprised at how much home you can afford to buy in today's market! Mortgage Lenders are very optimistic about the future of the real estate market and as a result they are willing to loan more on properties than you might expect! And, lenders are making loans at rates not seen since the late 1960s.We,as your Realtor, will be most willing to align you with one of our favored lenders for a private and complete analysis of your borrowing power. How to Sell Your House by Lease Options Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. Be Careful - A Real Estate Agent Could Lead You Astray The real estate agent is a valuable source of potential deals for you as an investor. They have access to the multiple listing resources and of course, have a monopoly on this information so they have to be part of your game plan as an investor. Basic Real Estate Valuation Given the current interest (dare I say hysteria) associated with investing in dirt and buildings, I thought it might be interesting for our readers to have a quick, dirty manual on real estate valuation. My perspective comes from years in the industry as well as some time learning at the knee of some of the better real estate minds in academia. Commercial Real Estate Industry - Is the Condo Craze Over, or Just Gaining Steam Over the last two years there has been so much condo activity that many commercial real estate lenders are starting to express concern over the future stability of condo markets. Some lenders have recently found themselves over allocated in condominiums as a result of the recent activity and have therefore become wary of all but the best opportunities. How to Attract Clients in Residential Real Estate Doesn't it seem like everyone you know has a friend, relative, or acquaintance that is a realtor? How could anyone, especially someone new to the industry, possibly achieve success when faced with this much competition?The answer begins to appear when you consider the following questions:How many licensed real estate agents have the talents required for success in sales?How many have been trained in effective selling techniques?How many know how to prospect effectively?How many know which questions to ask to determine the factors that are most important to each prospect's buying decision?How many take their profession seriously and are willing to put in the effort and hours that are required to build a successful business?How many of them regularly sell multiple houses per month?The 80/20 rule definitely applies to residential real estate. In fact, some statistics suggest the ratio is more like 90/10 (where 90% of home sales are made by just 10% of realtors), with the vast majority of home sales by the top 1%!So, how can a novice realtor attract clients? By building his or her credibility and relationships. European Second Home Prices Wilt in Drought Spain and Portugal have suffered one of their worst droughts on record this summer, with consequences from empty swimming pools for the tourist to economic disaster for farmers losing their crops and livestock.Roger Munns, Managing Director of Tribune Properties, predicts that property prices in the two European countries could drop as much as fifteen per cent in some areas as more owners decide to put their villas and apartments on the market. Real Estate Development Marketing A Specialist Article For Those Interested In Real Estate Development From the desk of Colm Dillon .. An Often Overlooked Secret of Marketing and Negotiating for Real Estate Investors Looking for Deals When you call sellers, what do you say? When you sit down to write a marketing postcard to find deals, what do you write? When you go to negotiate price and terms, how do you present it?These are scary situations and it is not unusual to be at a loss for words at such times. In fact, you may avoid these situations all together just so you don't have to face the overwhelming fear. Selling Houses Fast: Basics of Design & Color Psychology Fixing up houses to ready them for sale includes a design plan for needed changes. Save money on transformation costs by choosing design details right the first time.
|
| home | site map |
| © 2006 TIGER MEDIA |
