Wednesday, June 10, 2015

THE BASICS OF REAL ESTATE

The housing and real estate industry is slowly growing as the economy quickly recovers. Due to the increase in employment, housing and real-estate demand also increased. Here are some tips to keep up with the fast transactions with real estate broker and to ensure that you’ll not miss all the property for sale signage.

1. A property for sale near big and famous establishment can be a good real estate investment. Real estate near big establishments may have high values according to an expert real estate broker. Houses near big establishments appreciated almost 95% for the past two decades.

2. Some real estate brokers may have told you that it is better to buy the old and worst house in the neighbourhood. This can be relatively affordable but it may cause you a lot later on. First, if you want it for your own, fixing an old or crummy house is as expensive as building a new one. Second, if you want the fixed-up house sold, it will still be more expensive than the ready-built houses in the neighbourhood. Regardless of the situation, you will still be financially drained or disadvantageous.

3. Renovating your house can give extra value for your real estate but I bet a great real estate broker can tell you that this is not quite a good idea. For example, renovating your kitchen will only increase the value of your house by half a dollar per dollar of expense. A good renovation can be extending your house upward. Adding another storey returns one dollar for every dollar of expense while adding a basement only returns half a dollar.

4. A property for sale listing should not include the word “unique”. This can be a little bit funny but researchers say that this word implies lots of fixing up to do for that property for sale. Statistics says that the probability for the property to be sold goes down by half if “unique” is used in the advertisements. Another, cute and charming may imply small space which would drive away your potential buyers. Generally, wording in your listings would greatly affect the saleability of your real estate property. This should also be remembered by a real estate broker when talking to customers.

You have to buy the right house in the right neighbourhood. A good real estate broker can be one of the keys in finding the perfect house for you. You can always consult with agencies and real estate companies. They can surely provide you with great service and you will surely save lots of money and energy.

Tam-Bay Realty
1408 N West Shore Blvd Suite 1000 Tampa, FL 33607
(813) 908-0706

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