Find Peace and Privacy in This Knoxville Suburban Retreat
Find Peace and Privacy in This Knoxville Suburban Retreat
Blog Article
If you want to join the "super elite real estate investors' club," you'll need to get into tax sale investing as soon as possible. However, investing at the actual tax sale itself won't be necessary. There are tax delinquent homes for sale in your area that you don't know about - here's how to buy them for $200 or less, and you don't have to bid against other investors at the tax sale auction.
As an example related to the above, let's say the house was bought for $200,000 and sold for $300,000, and it took 5 years for this transaction. To actually buy the house, the legal fees, land transfer taxes, mortgage contract and real estate fees amounted to $1000, $3000, $500 and $5000 respectively. The total set up costs would be $9500 so far, which would be subtracted from the money you made, because it actually costs you $200,000 PLUS $9500 to physically buy the house.
Speaking of Realtors, are you going to "cooperate" with them? That is, if they bring the buyer that ultimately buys your home, are you willing to pay them? If so, how much? The vast majority of Knoxville home for sale listed in the MLS offer compensation of three percent of the sales price to the buyer's agent. In my experience, around 90% of FSBOs offer compensation to buyer's agents.
HUD houses knoxville homes for sale with pool sale are sold in "AS-IS" condition. All HUD home listings are sold in "As-Is" condition and HUD will not do any repairs. They do provide a Property Condition Report on some HUD home listings but no all. The Property Condition Report is similar to a home inspection. The problem with buying a HUD home listing is you cannot do a full inspection before you make a bid. You have to have a signed accepted contract from HUD before you can have the utilities turn on. You can have an inspection done after you have an accepted contract.
So it came to my chagrin when I was reading a headline of an article this week that blared, "N.C. knoxville homes for sale by owner sales drop 42%." Wow!! 42%? That's almost half! Is the job market trending up in our southern paradise? 2011 must be when the US economy really rebounds led by the Tarheels of North Carolina! Charlotte is ready to do its part! Knoxville home for sale This must mean that home price stabilization is around the corner and real estate will start picking up and lead our country to another streak of prosperity!
All of these questions are valid. How do you know who is the best teacher for you before you spend your money on their program? How do you know if the program will work for you?
It's like the rock band that labors through the reading of their 2,000 word concert review in Rolling Stone magazine and only wants to know one thing: "Do they think we rock?" I just want the same type of clarity from the headlines I read.