How To Prepare For A Real Estate Appraisal

  • Introduction
    • Since house prices are subject to fluctuations based on economic conditions and other factors, many prospective buyers and sellers opt to have a professional real estate appraiser determine the property’s market value. In many cases, a bank will send a real estate appraiser to determine a property value before approving or refinancing a mortgage.

  • Step 1: Collect and Organize Documents

    • Since you want the appraisal of your home to accurately reflect how much the property is worth, ensuring that you provide the appraiser with the appropriate documentation is key. This will not only assist the appraiser in making an informed and true estimation of your home’s worth, but can also potentially increase the amount your house is appraised for.
    • If you have any of the following documents, collect and organize them for the appraiser:
    1. A floor plan of the home
    2. Land titles, deeds and ownership agreements
    3. Bill of sale, if the property was purchased within the previous three years
    4. Copies of any agreements with neighbors regarding shared resources, such as driveways or docks
    5. A detailed list and receipts of any significant improvements to the home or property in recent years
    6. Any inspection reports
    7. If the home is for sale, provide a list of any appliances that will be included with the home
    8. A copy of the most recent property tax bill
    9. If the property is a condominium, a copy of strata agreements and any related covenants and fees
    10. If the home is for sale, a list of any planned improvements to the property that will be completed before the sale is finalized

  • Step 2: Basic Maintenance
    • If there are any minor repairs that need to be performed on the home, do you best to take care of them before the appraiser arrives. For example:
    1. Fix any leaky faucets
    2. Replace any missing moldings
    3. Patch any holes in the walls
    4. Ensure that all window coverings are in good condition if they will be included in the sale
    5. Replace any broken windows or torn window screens
    6. If smoke detectors are not in working condition, replace or repair them

  • Step 3: Other Tips
    • Although showing the appraiser a clean house will not necessarily increase the appraisal value, it can’t hurt. Be sure to remove any obstructions to lesser-used areas of the house, such as the shed, attic and crawlspace, since the appraiser will need access to every part of the house and property. To avoid of allergic reactions or possible aggressive behavior, remove or tie up any pets.
    • You do not need to give the appraiser a guided tour of your property; in fact, he or she may want to perform the inspection solo. However, be sure you are somewhere close by and available to answer any questions that may arise.

  • Conclusion
    • Be sure to prepare for your real estate appraisal by collecting and organizing any documents that may be relevant to your property’s value. Make sure your house is tidy and that the appraiser will be able to easily access all areas.

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How to Get a Real Estate License in Florida


  • Introduction
    • Becoming a real estate agent can be a great career path if you are good at and enjoy sales. But before you prepare for a career in real estate, make sure you are willing to work in a field where your income will often depend on commission and will fluctuate with changes in the house market, no matter how good you are at sales.

  • Step 1: Prerequisites
    • There are several prerequisites and requirements before you can get a license as a real estate associate in Florida.
    1. You must be over 18 years old.
    2. You must have a high school degree.
    3. You must complete a pre-licensing class of 63 classroom hours. People will disabilities might be able to take the class at home. The class needs to be approved by the Florida Real Estate Commission.
    4. After taking the class, you have two years to apply for a license.
    5. When applying for the license, submit the application form, fingerprints and the required fee.

  • Step 2: Exam
    • After passing the exam, you can apply for the Real Estate Sales Associate Examination.
    1. According to the Mutual Recognition Agreement that Florida and several other states have, members of those state only have to pass the law part of the real estate exam, if they have a real estate license in another state. If so, you need a grade of 30 or more.
    2. All others must pass the full exam with a grade of 75 or more.

  • Step 3: After the Exam
    • If you pass the exam, you are qualified to apply for a license.
    1. Submit an application to activate the license you previously applied for. Use form RE-2050-1.
    2. The license you receive is temporary. You will need to complete a post-licensing course of 45 classroom hours before it expires.

  • Step 4: Broker License
    • If you have a real estate sales license and would like to apply for a broker license, there are several steps required. They are similar to the steps taken to apply for a real estate associate license.
    1. You must have practiced in real estate for 24 months during a five-year period before qualifying for a broker license. Experience from another state might qualify.
    2. Complete a 72-hour classroom course for brokers approved by the Florida Real Estate Commission. People with disabilities might be able to take the class at home.
    3. Submit an application, fingerprints and the required fee.
    4. Pass the Real Estate Broker Examination with a grade of 75 or more.
    5. File form RE-2050-1 to activate the license.
    6. The initial license is temporary. You must complete a post-licensing class approved by FREC before it expires.

  • Conclusion
    • If you want to get a real estate associate license in Florida, you have to meet the prerequisites, take a classroom course and pass an exam. To apply for a broker license, you will need to go through steps very similar to the ones you initially took to apply for the original license, but you will need a few years of experience first.

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How to Invest in Real Estate


  • Introduction
    • No doubt you’ve heard of “get-rich-quick” schemes regarding real estate. Leaving aside the credibility of those claims, it’s important to know that you’ll more likely “get-rich-slow” with real estate. Like most industries, the real estate market rides an infinite cycle of boom and bust. It’s quite possible to become wealthy by investing in real estate, but most likely, only if you weather the cycle long enough to make a worthwhile profit. This can take many years. In the meantime, you might consider playing the lottery. Below are some practical ways to make money in real estate.

  • Diversify
    • There are several ways to invest in real estate, not all of which actually involve buying property (see subsequent sections). However, regardless of the route you choose, don’t put all of your money in real estate. Consider making other investments, so that your future livelihood is not at the mercy of the real estate market. The process of spreading around your investments is called diversification. Here are several ways to do this:
    1. Invest in different sectors.
      • In popular usage, a sector is a portion of the economy, categorized according to specific industry, such as the real estate sector. Before you sink money into real estate, consider setting some aside for other investments as well.Consider putting some money into precious metals, or pharmaceuticals—anything that seems to have good prospects and whose performance is unrelated to that of the real estate market.
    2. Invest internationally.
      • It may sound unpatriotic, but if you view the domestic economy as a basket, it makes sense. If the US economy tanks and the Australian economy stays afloat, you’ll be in better shape than your neighbor if you’ve invested in both. Brokerages, including online, discount brokerages like E*Trade and Scottrade give you access to investments in foreign economies. Also, have a look at Kiplinger.com’s article, “Investing in Foreign Real Estate Goes Mainstream.”
    3. Invest in a mutual fund.
      • A mutual fund is a sort of investors’ pool. Your money is combined with that of hundreds, or thousands, of other investors and then tied into an array of different securities, depending on the specific mutual fund. There are real estate mutual funds, but it might be wise to invest in one that’s diversified outside of the real estate sector as well. For more information, see How Do Mutual Funds Work and How to Choose a Mutual Fund.
    4. For a more detailed run down on diversification, including other ways to diversify your portfolio, see How to Invest.

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  • Property
    • Buying property, or course, is the most common way to invest in real estate. Even if you’re thinking of just buying a bare plot of land, hanging on to it and selling in the far future, there’s far more to buying property than the actual act of purchasing it.


Planning

    • Property is the last thing that should be an impulse-buy. Make detailed plans, or you may end up losing more than you hoped to gain.
    1. How long do you expect to keep the property?
      • While a long term investment is likely to bring higher returns, it will also cost more in repairs.
      • The average asphalt shingle roof lasts around 15 years, but costs thousands of dollars to replace.
      • Pipes will need to be replaced, not to mention plumbing repairs, cracks and leaks—the list goes on.
    2. How will you use the property?
      • Primary residence: If you plan to live on the property, you’re likely to secure better loan terms than otherwise. On the other hand, your eventual resale profit will be dampened by the cost of having to acquire a new place to live.
      • Rental: A rental property will pay you monthly dividends. Unfortunately, there’s more to being a landlord (as opposed to a slumlord) than just sitting back and watching the rent roll in.
        • For a guide to the benefits and perils of being a landlord, see MSN Money’s Do you have what it takes to be a landlord?.
      • Resale: If you want to resell a property, you’ll have to consider two important variables:
        • Condition: The Vaudeville songwriter Billy Rose once said, “Never invest

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Jenks Homes For Sale

Jenks homes for sale represent more than just a place to raise a family. A home is a financial investment and an asset. Buying a home is putting into action a plan for the future. You are investing in your family and you are investing in a community. Before making any decision about buying a home, there are some things to be considered.

You should determine if you are truly ready to buy a house. This will require steady employment and low debt. You will need money for a down payment unless you qualify for one of the creative financing loans. If you have a bad credit rating, it is possible to get some types of loans. The interest will be much higher and the terms very stringent.

Features in Jenks Homes for Sale

When you look at the Jenks homes for sale, you are looking at an opportunity for tax breaks that come with owning a home. It is worth the responsibility of taxes, insurance, and upkeep to have the sense of stability and freedom that comes with owning your home. You must find a home that fits your lifestyle. It is a good idea to jot down the things that are important to you and your family before beginning your search for the perfect house.

Divide the list into two sections. The first will include all the features you must have. This addresses things such as school requirements, minimum size of home, lot location, and access to employment. The other section of the list will include those features you would like to have if possible. This includes things that are desired but not essential. There are Jenks homes for sale with a variety of features and options for every family to consider.…

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Illinois Real Estate

  • Champaign Urbana (two separate cities that, like the Twin Cities in Minnesota, are often treated as one) is a thriving, diverse region with a world-class university, beautiful parks and recreation are….
  • Chicago Apartments and Condos
    Chicago apartments and condos are available in almost all of the city's neighborhoods. Every price range, size, and architectural style is represented. Whether one is looking for an efficiency or the ..

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How to Buy Real Estate for Investment

  •  
    • Avoid get rich quick schemes
    • Look for property you want to buy not just for investment
    • Have a good lawyer
    • Buy only what you can afford
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Making money with real estate has recently lost its glamor, but as prices fall, chances to buy a profitable property will arise. With the market on the low side there are opportunities to buy land, houses, and other properties that were beyond many investors reach just a short time ago. Read on for a step by step explanation covering how to buy real estate

Donald Trump made his fortune in real estate. However, any person need only look at any local paper at the foreclosure and auction notices to see the other side of Real Estate investing. This current situation, while not a fertile environment for a quick buck, offers some better values with a better chance of rising from present lows.

The current market place for investing in real estate requires extra caution and care before moving forward. You must know determine how much you can afford when it comes to investing, and what is your time line as far as expecting to turn a profit. Then you must study the property or properties you are interested in to appraise them properly. Once the money is lined up and you have appraised the asset then comes the time to buy the property and be prepared to handle all the taxes and legal work that is involved in owning property.

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  • What are Short Sales?

This video on YouTube by Money Talks covers the short sales from a realistic view. They explain what they are and try to dispel any of the get rich …
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This video on YouTube by Money Talks covers the short sales from a realistic view. They explain what they are and try to dispel any of the get rich quick scams out there. It explains how the buyer must be ready to negotiate with the lender who while trying to avoid the cost of foreclosure is looking to minimize their losses that come with a short sale on real estate.

 

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How to Become a Real Estate Broker

    • Becoming a real estate broker requires training in sales, real estate law, and business management. You’ll first need to be licensed as an agent and spend time working in the field before applying for a broker’s license. Brokers can either work independently or hire other agents to expand their business.

  • Step 1: Determine if It’s Right for You
    • As a real estate agent, you assist people and businesses in buying, selling, and leasing property while being supervised by a broker. Real estate agents cannot work independently. A real estate broker not only assists people and businesses in buying and selling property, but is also licensed to manage other agents and run their own business. If the management aspects of the business (and the increased income potential it represents) appeals to you, you might be suited for a career as a broker.

  • Step 2: Become a Real Estate Agent
    • Every state and the District of Columbia has a government agency devoted to real estate. The specific requirements for licensing are determined by each state board, so requirements vary between states. In general, however, most states require you to:
    1. Be at least 18 years old
    2. Have graduated from high school or hold a G.E.D.
    3. Pass a written exam. Some states require a minimum number of hours of course work before you are permitted to sit for the exam
    4. Submit to a background check

  • Step 3: Become Licensed as a Broker
    • As with agents, brokers are licensed by individual states, so requirements may vary. In general, a real estate broker should have:
    1. A valid real estate agent’s license
    2. One to three years of experience as an agent
    3. 60-90 hours of brokerage training
    4. Passed a written brokerage exam
    • While not required, courses in finance, business administration, marketing, and accounting will also be helpful.

  • Conclusion
    • In order to become a broker, you need to have satisfied your state’s requirements for real estate agents as well as those for brokers. While becoming a real estate broker takes more work than becoming a real estate agent, it permits you to operate a business with unlimited earning potential.

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City Of Garden Grove Homes For Sale

City of Garden Grove Homes for sale are located in one of the nation's most vibrant communities. Know as "The City of Youth and Ambition," Garden Grove hosts a number of diverse festivals each year. The Strawberry Festival, for example, is one of the nation's largest Memorial Day gatherings.

Garden Grove is strongly committed to racial and religious tolerance, holding four multi-ethnic events each year. The city also has the greatest number of religious centers per capita in all of California. Such an emphasis on equality leads to a wonderful sense of civic pride and togetherness.

 

City of Garden Grove Homes for Sale: Helpful Information

More information about Garden Grove's events and demographics is available thanks to the work of Orange County realtors. Some realtors have set up online resources that let you browse through available homes while you unearth pertinent information about the community you're considering. Such sites make it easy to sift through a wide selection of City of Garden Grove homes for sale.

Such sites also let you get a sense for different Orange County real estate agencies. You can learn of the advantages that some realtors offer. You can also survey the firm's past activity as you strive to choose the most well-equipped, well-prepared realtors.…

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How to Become a Real Estate Lawyer

Interesting in the legal aspect of real estate? Do you want to assist clients with the technical aspects of buying or selling property? If so, becoming a real estate lawyer may be a good career option for you. Read on to learn more about how to become a real estate lawyer.

Real estate transactions can be filled with uncertainty and paperwork complications. Due to this complexity, many turn to real estate lawyers to ensure a smooth and error-free transaction. Real estate lawyers can assist with every step of the transaction process from pre-close contracts, financing and inspection details to closing documents and follow up requirements.

Much of real estate work consists of reviewing documents, researching property regulations and territorial boundaries and attending pre-close and closing sessions for property transactions. This work can be on behalf of private clients, corporate clients or even for real estate brokerage firms. The real estate lawyers can work on any type of real estate transaction.

Lawyers are one of the highest paid professions in the United States. With an average starting salary of close to $70,000 and an average of over $110,000 for seasoned lawyers, this field is highly attractive and competitive.http://www.bls.gov/oco/Ocos053.htm Over 25 percent of lawyers work in a private practice, but lawyers can also work in a law firm, as an employee of a company or in education teaching law or college students. http://www.bls.gov/oco/Ocos053.htm

 

Step 1: Go to Law School to Become a Real Estate Lawyer

 

Getting into law school is highly competitive. To improve your chances of law school entrance, attend a highly regarded undergraduate institution. You can major in any discipline, but for Real Estate Law, it is advisable to obtain a business degree or English degree. A business degree will help you understand the transactions involved in real estate and the real estate market, while an English degree will help improve your critical reading skills.

Undergraduate grades as well as your scores on the LSAT (the law school standardized entrance exam) are used by law schools to select candidates, so it is best to get high marks in school and score well on the exam. Prepare for the LSAT through a formal review course offered by Kaplan or other company or review LSAT study guides.

Apply to law schools that offer a concentration or classes specifically on real estate law. The better your foundation in your chosen law discipline in law school, the better your chances of success once you start working as a real estate lawyer. During breaks at law school, consider getting a clerkship at a law firm that specializes in real estate law. This exposure will help increase the connection between coursework and real world work as well as provide connections and experience that you can use when looking for your first job.

 

 

Step 2: Pass the Bar Exam in your State to Become a Real Estate Lawyer

 

Each state has requirements for admittance into the bar, which is necessary to practice law in that state. For most states, you must pass the bar exam and an ethics review exam called the Multistate Professional Responsibility Examination (MPRE).http://www.bls.gov/oco/Ocos053.htm The bar exam is considered an intense exam that requires significant preparation.

The bar exam covers many general areas that are considered foundational knowledge for any lawyer including constitutional law, evidence, criminal law, contracts and real property. While you may not need some of these areas to practice real estate law, you are still required to pass each section to obtain your law license.

You can study for the bar exam by obtaining study guides, or by taking a review class such as one offered by BarBri Bar or other company. The exam is typically 6 hours long and in a multiple choice and essay format. Some states allow you to take the Multistate Bar Exam and obtain a license to practice in multiple states, while some states will not recognize a bar license from other states. http://www.ncbex.org/multistate-tests/mbe/ Some states require the 3 hour Multistate Essay Examination as part of their testing process.http://www.bls.gov/oco/Ocos053.htm

 

Step 3: Start Working in Real Estate Law

 

Most lawyers start their careers in salaried positions at law firms in …

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City Of Redondo Beach, Ca

The City of Redondo Beach, CA is a vibrant and welcoming surf-side community in the South Bay area of Southern California. This community is warm and welcoming, with excellent weather, and resources and activities for people of every age and interest. From concerts in the park to surfing contests and well-stocked libraries, this city offers well-rounded, educated, and healthy people an ideal place to live.

Redondo Beach is famous for being one of Southern California's most enjoyable and relaxing communities. A good Redondo Beach realtor will have important information on all of Redondo Beach's neighborhoods, as well as info on Lomita real estate, Hermosa Beach real estate, Manhattan Beach real estate, as well as info on other South Bay communities.

Find Redondo Beach Info Online

The Internet is an ideal place to being one's moving process. Relocation has been made infinitely easier with the advent of the web. Now, one can find a top realtor and a great area with just the touch of a button.

Redondo Beach is ideally situated at water's edge at the south end of the Santa Monica Bay. Close to all that greater Los Angeles has to offer, this charming beach community is a great place to come home to at the end of the day. The kind of living that people look for on their two-week vacation is available 52 weeks a year here in Redondo Beach.…

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