Real Estate Blog

Archive for April, 2009

When looking for a home for you and your family you will come across all kinds of deals, bargains, and so-called values along the way. If price is a very tangible object for you and your real estate investment then you might seriously want to consider the value of foreclosures.If you are hoping to invest in real estate in order to turn a profit then you may also wish to consider these properties that are often sold well below the ordinary value of the property because they are in varying degrees of disrepair.Foreclosures are properties that have been taken back by the lenders because the previous owners were unable to continue making payments on the property. Being that these homes were often owned by those in financial distress and may have been empty for some time before being sold, chances are that the foreclosure homes being sold at any given time are in some degree of disrepair.The shabbiness of many of these properties is one of the factors that keeps the prices down. Another is the fact that the lenders are essentially attempting to recoup their investment in the property. For this reason they are often willing to take less than the value of the property if that is what is owed on the property. Read the rest of this entry »

When it comes to real estate, it’s really hard to beat a cheap home. Cheap homes are very affordable, and ideal for those on a budget. For real estate agents, these types of homes represent a way to buy a home at a low price, build it up some more, then sale it for a large price. Making money with real estate is easy to do - no matter how you look at it.

Although you can find cheap homes throughout the United States, some will obviously be better than others. Some are in great neighborhoods, giving you plenty to see and plenty to do all around you. On the other hand, most towns that offer the cheapest homes normally have a bad situation when it comes to the job market. They can be great to retire to or settle down in if you own a business, although they aren’t great if you need a job. Internet marketers and writers are finding these areas, are flocking to them at a very fast pace.

You can also save quite a bit of money by buying a home that is less expensive, but still fits your needs. What this means, is buying a home in the inexpensive areas of your town, or buying a home that is cheap in price. You shouldn’t be focused on one type of home or neighborhood, but instead look at your available options and compare prices.

Keep in mind that buying cheap homes doesn’t necessarily mean buying a run down place or buying your home in a bad part of town. You can get a cheap home in a great neighborhood, if you weight your options accordingly. If you shop around and look at different areas, you might find yourself very surprised at just how many homes are available at cheap prices.

Continue part 2

186 Balmoral Ave.
Description: A three-storey detached brick house constructed in 1914, with four bedrooms and six bathrooms.

* Living space: about 4,000 square feet above grade
* Lot size: 58 by 135 feet
* Asking price: $1,549,000
* Taxes: $10,569 (2008)
* Agent: Douglas Gubitz, Chestnut Park Real Estate Ltd.

Amenities: The house has many original features, including a vintage coal-burning fireplace in the master bedroom, and exposed brick where previous owners attempted a renovation that would have opened up the home from the main floor to the attic.

The finished basement features a recently built nanny’s suite with a kitchenette, bathroom and pine-ceilinged living space, as well as a separate entrance.
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