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Finding a Qualified Home Inspector

As you should already know, a home inspection is a key part of the real estate process. Of course, your home inspection is only as good as your home inspector.

Finding a Qualified Home Inspector

If you are considering buying a property, you absolutely must get a home inspection. What most people don’t realize, however, is it can also be valuable to retain one before you sell a property to identify any problems before your accept an offer. Fixing such problems before hand makes a lot more sense than panicking in the middle of escrow.

Regardless of your particular position in the real estate process, the home inspection is only as good as the inspector. Frankly, some inspectors are less than credible when it comes to qualifications and their background. To bypass these individuals, the following organizations should be used as a resource.

The American Society of Home Inspectors, Inc. is located in Des Plaines, Illinois. Known as ASHI, it was founded in 1976 to create a resource and quality control atmosphere for home inspections. You can get referrals to ASHI inspectors in your area by contacting the Society at 800-743-ASHI. In doing so, you will avoid hacks calling themselves inspectors.

The National Association of Certified Home Inspectors is another credible organization. Located in Valley Forge, Pennsylvania, the Association maintains both a code of ethics and strict standards of practice for its members. With over 9,000 members in North America, you can find an inspector in your area by calling 1-877 FIND-INS.

Another organization that stands out in the home inspection industry is the National Association of Home Inspectors, Inc. Located in Minneapolis, Minnesota, the organization also requires members to abide by strict practice standards and a code of ethics, which should be comforting to you. You can contact it to find a home inspector in your area by calling 800-448-3942.

The old cliché is garbage in, garbage out. By using a credible home inspector, you can put this cliché out of your mind.

Foreclosed home listings

For most people, finding the right property is only half of the goal of a real estate purchase. It’s also very important to most buyers to find homes that offer a big potential for savings and valuable investment. These days, the market is so competitive that finding really good deals can be extremely hard, which is why many people are turning to foreclosed properties and other non-traditional forms of real estate to find huge savings on a wide variety of properties. Unlike most open market properties these days, foreclosed homes offer the buyer the chance to win incredible properties for way below market prices, so getting huge initial savings and maximizing the value of an investment becomes easy!

There are all kinds of these great foreclosure properties and bank owned properties for sale out there, and they are available from very unique sources. The entire process begins when a homeowner can no longer make the payments necessary on their home mortgage loan. When this happens the lender will still have to find a way to collect the remaining loan debt, which usually is accomplished through the repossessions of the home and the subsequent sale of it to the public. The lender then keeps the proceeds of the foreclosure property sale to settle the debt.

However, when property foreclosures and ban owned properties are sold, the lender usually only needs to collect an amount that is much less than the full loan value, and thus the value of the home itself. In many cases, bank foreclosure homes and other foreclosed property is undersold at auction with no loss to the bank or lender. But the buyer and investor stands to gain greatly from this kind of sale, since many bank foreclosure properties and other kinds of for sale properties often go for between 10 and 50% below their actual value!

With the help of Foreclosure Connections, you’ll be able to find deals on all kinds of bank owned property and more, all from the comfort of your own home! Use our searchable database to locate thousands of bank foreclosure property and all kinds of federal homes for sale in every state. You’ll find that each listing for bank foreclosure properties has lots of information designed to help you assess values and pick the properties with the best investment potential! Our friendly staff is always there to help you buy the best properties in foreclosure by providing advice on everything form finding single families homes to how to go about pursuing bank owned property for sale on you area! So come visit us today. Buying foreclosed properties for big savings has never been easier!

Flipping Properties for Profit

So, you want to get into the flipping game and make money or possibly you had a bad experience with flipping a property and want to learn how to flip a property and actually make money? First of all, let me say that I don’t believe in expecting a large return on a flip if all you do is sign your name on a closing statement and expect to turn it around quickly. It’s just not that easy.

What can happen though is that if you follow some of my techniques you can expect to earn a nice profit for yourself. There are five keys to success that I would like to discuss in this article. They are: (1) you must buy the property right, (2) you should be willing to shop for good deals, (3) you must not be afraid to get your hands dirty, (4) you must be reasonably handy, and (5) you need to do most of the work yourself.

How to buy the property right. Here’s where you need to either be a real estate agent or work with one. Knowing the market area is essential to getting the right house at the right price. Are prices in this area increasing? Are others improving their homes? Is the home’s sale price consistent with the repairs needed? Does the listing allow for an easy out of the contract should you learn something during the home inspection stage? It is my opinion that you definitely need a home inspection because you want to know everything that is wrong with this house before you start.

You should be willing to shop for good deals. First thing I always do is set a budget. It’s not iron clad, but it is a starting point. You know what you bought the home for and you know roughly how much you want to get out of it, so now work backwards. What needs to be done and how much money can you allocate to it? Be methodical, make a list and try to stick to it. Shop hard for sales, closeouts, and alternatives. Many of the home improvement stores put closeouts out front early in the morning. Swing by on your way to work. Check garage sales, newspaper ads, and even the internet. While you certainly should buy quality materials, you need to resist the urge to buy the nicer faucet or the prettier cabinet pulls. Always buy with price and quality in mind with a close eye on the budget. Over-spending is a common pitfall.

You must not be afraid to get your hands dirty. If a home needs to be remodeled, chances are it is pretty dirty too. Hiring a cleaning person is expensive and not necessary. Anyone can scrub. It’s good exercise too. The yard most likely is a mess since the previous owners probably neglected it. Some of the hardest work is done in the yard. Having the right tools is key, but you don’t have to buy them, most of them can be rented.

You must be reasonably handy and you need to do most of the work yourself pretty much go hand in hand. You should consider finding another hobby if you cannot do average repairs yourself or if you don’t enjoy it. If you get stuck and have to bring the professionals in for a botched job, your profits will quickly go down the drain. Labor is very expensive to pay someone for and should be used sparingly.

Foreclosure Investing – The Pros And Cons Of Investing In Foreclosures

Investing in foreclosures is no doubt one of the best opportunities to make money in today’s economy. As with any type of business venture, there are risks involved. Investing in foreclosed properties offers great opportunity to buy homes significantly under market, but there are some risks such as considerable research, under lying lien problems, long-term carrying costs and several others. If you are willing to take the chance on a property or two you may prosper in the end.

Foreclosed homes can be purchased at several stages. First is the pre-foreclosure phase, then the auction phase and finally the REO phase each of these presents their own set of pros and cons. Familiarize yourself with each of these different types of foreclosures, weigh the pros and cons for each, you may be able to avoid a costly mistakes and headaches through the process of investing in home foreclosures.

Take a look at the possible pros and cons at the various stages of a foreclosure:

Pre-Foreclosure Phase
This is the stage where the homeowner is still in control of the property. Although the loan is in default and the pressure from the lenders is just beginning. The homeowner is usually in a position to sell the property quickly and avoid the foreclosure process all together. This means hue savings and large potential profits for you.

Pros
20-40% discounts on the estimate value
Low or no down payment, due to the built in equity
Research and inspection opportunities
Sales agreements that are flexible

Cons
Home owner may not be reachable
Fierce competition, many investors are trying to buy these type foreclosures
Time to research documents and court filings
Undisclosed or underlying liens against the property

Auction Phase
Possibly the most profitable stage of a foreclosure. Auctioned properties usually offer the best potential profit when buying foreclosures. An auctioned property is sold during a public auction to the highest bidder. If you have done you, research these types of properties are sometimes sold way under market value.

Pros
Greater discounts can be as high as 35-50%
Great ROI, return on investment
Greater potential profit

Cons
Property inspection is generally not available
Postponed auctions mean valuable time lost and research wasted
Large down payments that must be paid at the time of auction
Incomplete research can cost you a lot of money
You may not win the auction at all

Emerging Trends in Dubai Property Market

Dubai real estate is witnessing a number of changes in the commercial sector.

One of the emerging trends in the commercial property market is the conversion of warehouse space to office premises. Companies that require large open plan spaces, such as advertising or marketing companies have been seen to lease warehouse space and easily transform it into efficient office space. This provides a cost effective solution for businesses that need to be near the business centre but may not wish to pay the premium rates of prime location office space. Warehouse rental rates suitable for office conversions fluctuate between 40-65AED per sq. ft (warehouse space rent exclusively used for storage purposes averages 28-35AED per sq. ft), whereas rents in the Central Business District (CBD) may be 225-250AED per sq. ft.

The property market in Dubai is tight and therefore the concept of Split Offices has come into being. Many professional services firms, faced with the prospect of particularly high rents in prime locations tend to lease a small space suitable for client meetings in the Central Business District so as to boast an address on a prestigious location such as e.g. Sheikh Zayed Road, and move their operations to a secondary location where rents may be more affordable e.g. Garhoud, thus effectively saving on huge overheads.

Thus, supply of the real estate market in Dubai is shaping up to meet the property demand.

Holiday Affordable Flights Only To Australia

The excursion is the word an alternate significance for various individuals. A few people of the entire excursion, world, stimulation, recreation and excitement, while others are more inconspicuous part in the voyage. Different outings to find out about various things, spots, societies and human advancements, so in the event that you are going to put the bearing of go of the shoes and unexplored goal, Australia is one of the best places to extinguish your hunger for meandering. Presently you can spend a great excursion and travel spending plan, or shoddy flights to Australia. This article is planned to give data in the midst of some recreation in Australia with family or companions hover air at reasonable costs.

You can visit some excellent urban areas, for example, Sydney, Canberra, Melborune, Adelaide and Darwin, on the off chance that you happen to look trek to Australia. You can have groundbreaking encounters of numerous in this astonishing nation. Your excursion to Australia can be as differed as the spots to investigate there. You can go to various urban areas in Australia or celebrate occasions and different occasions, or find the wild side of Australian rain woodland, or may act at different prestigious strip malls. Therefore, one can have an ordeal rich and compensating excursion to Australia. A critical question pops here – go to Australia? The answer is modest and rebate rates are accessible for Australia for various aircrafts.

These flights are decent, the best some portion of them, there is no compelling reason to spend a huge number of dollars to go to your goal. The traveler can get profound rebates on flights from Sydney, Brisbane, and so on., if the books of your ticket at the earliest opportunity. Air benefit suppliers to dispatch a gigantic markdown on specific circumstances. You can visit distinctive nations and locales, and can likewise drench themselves ever, culture, untamed life and common magnificence. Whether you go around of companions, family or aloneScience Articles, in Australia offers an extraordinary affair travel. So book shoddy flights to Australia today and appreciate a one of a kind occasion in Australia.