Real estate > Real Estate Owners Biggest First Mistake

Real Estate Owners Biggest First Mistake

by: Robert Pomerleau

The single most common mistake that a note holder makes when creating a note is that they fail to check their buyer?s Credit Report. It seems so simple, but it is worth repeating "Most people fail to check the credit report of their prospective buyers!!" Can you believe this? Just by doing this one simple step can save you a bunch of money now and in the future.

How so? First and foremost by checking your potential buyers credit score can help resolve your worries of your buyer?s ability to repay their future debt to you. Heck, I don't know of any bank that would not check the credit score of any one of their customers seeking a mortgage. So why shouldn?t you?

The second benefit of checking your buyer?s credit score is what if you should ever decide to ever sell your real estate note, trust deed, or owner financed mortgage for all cash? By knowing your buyers credit score would not only benefit you now, but it would also make your real estate note more valuable in the future.

Here's why. The first thing a promissory note buyer/investor is going to require to sell your note is your payer?s credit score! Your buyer?s credit score is paramount to how much money you will ultimately receive for your real estate note. Of course the higher the credit score the less risky it is to a perspective promissory note buyer, thus making your note more valuable to them and ultimately you.

So, just what is an acceptable credit score concerning a real estate note? That is entirely up to you, but if it was my note I would not accept a score of less than a 550. The credit score counts for 40 percent of a total of 100 percent in rating your real estate notes value. So whether you are creating or selling your real estate note it pays to get your buyers credit score in more ways than one.

About The Author

Robert Pomerleau has been around Real Estate for over 20 years. I have built, remodeled, repaired, flipped houses, and sub-divided raw land. I have taken numerous real estate investing courses and as my love for real estate and the internet grew, I wanted to take it to the next level. So I started Fast Cash Funding in 2002 in helping people like you to create and sell their owner financed mortgages or trust deeds for the most money fast.

Feel free to benefit from this article but please do not copy and paste my original work. Thank-you.

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For Sale By Owner: Priming the Real Estate Pump

For Sale By Owner: Priming the Real Estate Pump

by: Chris Robertson

Perhaps you've decided to relocate. Or maybe you've outgrown your home and need to find homes for sale that will accommodate your growing family. Or perhaps your children are grown, you've made the decision to downsize, and are in the market for real estate that will better suit your needs. Or maybe you've decided to take the leap, buy some land, and build the home of your dreams. Whatever the reason, you need to sell the home you currently own, and you've decided to bypass real estate agents and go the "for sale by owner" route.

Before taking the plunge and listing your home, there are a number of steps you should take in order to increase your home's market price and save yourself future hassles.

Just as you would dress appropriately to make a good first impression to those you meet, you want your home to make a good first impression on potential buyers. This means...

For Sale By Owner: Priming the Real Estate Pump

Real estate > For Sale By Owner: Priming the Real Estate Pump

How To Find The Right Real Estate Agent In Cyprus

How To Find The Right Real Estate Agent In Cyprus

by: Mark Vurnum

If you are looking to buy property overseas, the process can be fraught with uncertainties and worries as you look for that dream house in an area in which, to be frank, you're not all that familiar. Here, Cyprus is no different. So, how do you go about finding the right real estate agent in Cyprus?

First off, authorised real estate agents in Cyprus need to be both licensed and registered. However, not speaking the same language as you do, and having their fees paid for by the seller, may give you serious cause to wonder whether they have your best interests at heart or the seller's! If this is the case, then your first port-of-call should be the Cyprus Real Estate Agents Association ("Association"). While the Association may not be able to give you conclusive evidence that your chosen real estate agent is either the best or worst in the business, they should speak English and...

How To Find The Right Real Estate Agent In Cyprus

Real estate > How To Find The Right Real Estate Agent In Cyprus

Real Estate - Make Home Buying Pleasant

Real Estate - Make Home Buying Pleasant

by: Jay Bauder

Fun and purchasing a home are probably two concepts that cannot be further apart. Instead of being fun, purchasing a home might prove to be nerve-wracking and stressful. This is understandably so since this is an investment that spans a lifetime ? a whole set of generations even.

We can make it less stressful!

Buyers are intimidated by the various dimensions that make purchasing a home troublesome ? the legal aspects, the financial aspects, dealing with brokers, agents, insurance, and others purchase concerns.

But dissecting these roadblocks and adding some spice to you choice of property could make this life-changing decision an enjoyable one.

Step 1: Assess your finances

The question here is can the buyer actually afford payments for a home. The buyer may want to consult a financial adviser as to the strategy he or she may employ in paying for a home. This...

Real Estate - Make Home Buying Pleasant

Real estate > Real Estate - Make Home Buying Pleasant

Real Estate Investing LIES Unveiled

Real Estate Investing LIES Unveiled

by: Steve Majors

Let's get REAL about something - and quelch the LIES you have been told about Real Estate Investing?

What I am going to reveal to you are some basic truths about Real Estate investing - truths that may totally affect the Real Estate investments you have now - and certainly I intend to modify the way you do Real Estate investing in the future.

Let's get right to it - and into the heart of the real estate investing issue?

You have been programmed all your life to become what you are today - from school, friends, relatives and, yes, your parents.

Recent studies show that you are who you are now, more from what you learned prior to age 8 than in anything else you have learned since.

Now, that may surprise you, but it is true that what you learned at the earliest ages affects the way you make Real Estate investments today, and the type of Real Estate investing success you...

Real Estate Investing LIES Unveiled

Real estate > Real Estate Investing LIES Unveiled

Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months

Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months

by: Monte Helme

On average, the length of time required from real estate listing to contract has increased dramatically in the U.S. in the past six months, according to HouseHunt?s latest national ?Current Market Conditions? homes for sale activity survey.
Seventy-five percent of respondents said it is now taking more than 30 days. Of that figure, 30% said it is taking more than 60 days.

Three months ago, 52% of survey respondents said the average time on the market required for a home to sell was more than 30 days on the real estate market. Six months ago, only 35% said it was taking more than 30 days as buyer frenzy continued unabated.

?Current Market Conditions? 4th quarter survey also found:

Home sales prices remain firm.
Currently, 82% say they are getting 95% or more of asking home prices. This compares with 80% in the third quarter...

Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months

Real estate > Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months

Chicago Real Estate: Is It Overheating?

by: Nick Anderson

Chicago real estate is one of the greatest success stories of the recent boom in property prices. With low, low mortgage rates for Chicago home (http://www.bestchicagomortgage.com/mortgage-calc.html)
mortgage loans, demand for real estate is going through the roof as people rush to snap up great homes on the beautiful Chicago lakefront, as well as in Chicago's many attractive suburbs.

More than eight million people now reside in the Windy City. One of the few Midwest cities in the last decade to increase in population, Chicago may be well on its way to satiation. There are so few homes available that folks who want to buy Chicago real estate are getting in ahead of the crowd by purchasing pre-construction.
Many pre-construction opportunities are available in Chicago real estate.

Chicago Suburbs Real Estate Pre-Construction

In the Chicago suburb of Palos Hills,...

Chicago Real Estate: Is It Overheating?

Real estate > Chicago Real Estate: Is It Overheating?