Today’s article discusses the top real estate hot spots for Chinese investors. Here’s what they had to say, “Big institutional Chinese investors who want global real-estate portfolios typically look for trophy projects in cities like New York, Los Angeles and London. Just this month, Hilton Worldwide agreed to sell its flagship Waldorf Astoria hotel in New York City to a Chinese insurance company for $1.95 billion—the steepest price tag ever for a U.S. hotel, brokers say, although it isn’t the highest on a per-room basis.” To read more, CLICK HERE.
With all of the home improvement shows on television now, buying a fixer upper and creating an amazing house seems like a no brainer. But can you actually afford to buy a home that may require major repairs and improvements? Today’s article discusses your options. Here’s what they had to say, “committing to a fixer-upper is a big decision, one that can impact your financial picture for years to come. Before you start swinging a hammer, you’ll first need to find a way to finance your purchase. You may need a specialized mortgage product to buy a fixer-upper. Some lenders and loan types want properties in “move-in ready” condition, which can obviously pose a problem.”
Want to play a game? This game is called the real estate market game and today’s article explains how to play it. “The slowdown is good news for home buyers, of course. And recent weakness in real-estate investments, including home builders, has created opportunities for bargain hunters, some analysts say. But if the Federal Reserve begins raising interest rates next year, as expected, the cost of financing will increase—making things tougher for buyers and investors alike.” To read more, CLICK HERE.
Want to invest in real estate abroad? How about the UK and how about doing it for under $100? Sounds a little too good to be true. But believe it or not, today’s article discusses how it’s possible. Here’s what they had to say about the company, “Property Partner will deal exclusively with residential real estate and will allow investors to trade their interests, something that’s not been possible in the sector before.” To read more, CLICK HERE.
Thirty years to pay something off just sounds crazy but, as you know, 30 years is a typical timeframe to pay off your home. However, today’s article features one couple’s story and how they are trying to make their 30-year mortgage into a 15 year one. Here’s a little preview, “…buying a home is a huge commitment of time, money, and energy. But what if you could pay off your mortgage in half that time? Tom Cox and his wife, Vickie, are close to doing just that. Both now 46, the couple decided they would buy a home in 2000 but with the caveat of “going all in,” as they say.” To check out their story and to read more, CLICK HERE.
Today’s article tells the story of a couple who went a little too buy crazy when they had the opportunity but were soon stressed out to the max. Here’s a quote, “they had binged and bought three condos in Florida during the real-estate boom, but by 2011 were underwater by more than $300,000 on those mortgages. Even after receiving rents, they were losing $4,000 a month from servicing the loans and paying for repairs and other carrying costs.” Want to read more, CLICK HERE.
Buying your first home is an exciting life event. But it can also be the most stressful event in your life. Today’s article features several different loan options for the first time home buyer. Here’s one, “If you don’t have much to put down on a home, a Federal Housing Authority (FHA) insured loan could be the way to go. Insured by the U.S. government, they are available for first-time buyers and allow you to put as little as 3.5 percent down, according to the Housing and Urban Development FHA website.” To read more, CLICK HERE.
In a time where there isn’t a whole lot of good news to go around we bring you today’s article. The article discusses a 96 page report about commercial real estate growing. Here’s a quote from the article, “The good news is that the commercial real estate industry grew at the strongest pace yet over the past year since the economic recovery began in 2011, according to a report recently released by NAIOP, the national commercial real estate development association.” To read more, CLICK HERE.
Bidding on a house can be the most stressful event in the home buying process. After who knows how long, weeks or months of searching, you finally find the house of your dreams. It’s got all of your must haves and is even in your budget but it comes down to a bidding war and you may lose the house. How do you get your home? Today’s article looks at strategies to winning a bidding war. “…have a clear understanding of what the home is worth to you and how far you are willing to go to win it. Once you know this, the following steps can help you come out on top in a real estate bidding war:” To check out the steps, CLICK HERE.
Today’s article explains big real estate spenders, where they are from and where they bought. Real Estate buyers from this foreign country bought billions of dollars worth of property. Here are some stats from the article, “…sales activity from international buyers surged 35 percent in the 12 months that ended in March. While international buyers represent only 7 percent of total existing home sales nationally over the period, their buying is highly focused on high-end homes in Florida, California, Texas and Arizona.”To read more, CLICK HERE.