Real Estate Will Come Back

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Do not believe in the real estate crisis. You are able to create your own reality; and if you believe, you can make some business -- you will.

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You have heard the news, do not keep all your eggs in one basket, have an alternate source of income. This is for all the licensed people looking for a way to capitalize on their real estate license: you can be a referral agent, working with a broker, all you need is to find leads. You can use real estate as a second income, while keeping your career.

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Don't wait until you start seeing the success stories of Realtors that did not believe in the crisis and kept working without looking back, the time to act is now. For the non realtors reading this article I explain in more detail in my website why is important to use a Realtor in your real estate transaction, my suggestion is that if you are looking to buy, the timing is great, make sure to use the knowledge and skills of a Realtor to make sure your real estate transaction will close as fast as possible and that all your rights are protected.

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Education will always be the way. It is so easy to get information at our age. Using a Realtor will help find the right home. He or she will also assist you in the negotiation part, which is my favorite part of the purchase. You will be free to continue doing what you like to do, living a normal and stress free life, while the Realtor is doing the leg work for you.

And if you are looking for a luxury condo in the most charming areas of the city, using the services of a Realtor will make a huge difference in the process. It is very easy to pay more in a luxury condo, but a Realtor will be able to provide you the most recent closings in the area, and will help you to use that information as support to your purchase offer.

Buying a home is a very important decision, and a very important step in your life, let a Realtor help you all on this journey.

Real Estate Will Come Back

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Affording A Home In California

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The California home market is one of the most expensive in the nation. California is home to twenty of the top twenty-one most expensive areas in which to buy a home. However, with good planning and money management skills, you can afford to own your own home in this exciting and beautiful state.

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First, you need to realistically plan out a budget that you can stick to. Make sure to include money for unexpected bills, entertainment costs, and repair costs into your budget. This way, you will be able to avoid getting a mortgage payment that is more than you can afford.

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Secondly, shop around, and be open to different neighborhoods. Look into bank foreclosure sales, and if you are skilled at home repairs, don't be afraid to buy a home that needs a few things fixed. Minor home repairs can save you thousands of dollars at closing time, and if you are able to make the repairs yourself, the savings are even greater. This can help you afford a better mortgage.

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Shop around for the best lender for your mortgage. Many times you can find terrific interest rates when you do a little research. Be prepared to buy with a reasonable down payment, and remember that the more money you can put down at closing time, the better interest rate you will end up with in the end.

Finally, don't rush into a decision. Buying a home is an important decision that will be with you for years to come. Make sure it's a decision you can live with happily.

Affording A Home In California

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Colorado Springs Real Estate - Black Forest Homes

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Find your dream house property in the Colorado Springs real estate area of the Black Forest. This part of the Colorado Springs real estate area is located in northern El Paso County. The Black Forest is a rural area that is situated on approximately 200,000 acres of land. The area is heavily wooded with mostly Ponderosa Pine trees. Black Forest is a mix of older homes and newer homes. The northwestern Black Forest real estate area includes: High Forest Ranch established 2001-2004, Walden established 1965-2002, Hawk Ridge established 1994-2000, Wissler Ranch established 1996-1999, and Elk Creek Ranch established 1980-1993.

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Home Prices & Descriptions

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Many of the homes for sale in the Black Forest real estate area are 5 acre house properties. There are mostly ranch style homes and 2 story homes. Some of the homes are custom homes and reflect "country style" living and some of the homes resemble houses that blend into "city living". Many of these Colorado Springs real estate subdivisions include features such as: multiple decks and fireplaces, slate floors, barns and garages, granite counters, and theater rooms.

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The minimum sales price for homes in 2008 in the Black Forest is 5,000. The minimum size Black Forest home for sale is 3,408 finished square feet. The minimum home for sale is 3 bedrooms, 3 baths, and a 3 car garage. The average sales price in 2008 is 0,000 and is 4,527 finished square feet. The average size home for sale is 4 bedrooms, 4 baths, and a 4 car garage. The maximum sales price in this Colorado Springs real estate area is 5,000 and is 5,646 finished square feet. The maximum size home for sale is 5 bedrooms, 5 baths, and a 5 car garage.

One of the newer communities in the Black Forest real estate area is the prestigious High Forest Ranch. The Ranch has rustic custom homes for sale. There are close to 20 different custom builders to choose from. Some of the homes in this Colorado Springs real estate area are situated on 2.5-5 acres of land. Residents in the High Forest Ranch area have community lodge at their disposal for those special occasions. The custom homes for sale in this Colorado Springs real estate area range from 9,900-.5 million. Amenities for some of the homes include: multiple fireplaces, slab granite counter tops, vaulted ceilings, great rooms, family room, master retreats, theater rooms, billiard rooms, wine rooms, travertine flooring, outdoor covered decks, and wet bars. Many of the Colorado Springs homes for sale in this area have extensive timber and stone features.

The Walden real estate area has beautiful custom ranch style homes with lots between approximately 1/2 acre and 1 acre in size. Many of the homes have stucco exteriors and resemble more of a "city look." Some of these Colorado Springs real estate neighborhoods include: custom cabinets, molding and trim, granite slab kitchen counter tops, hardwood floors, multiple fireplaces, 5 piece master baths, vaulted great room, stucco exteriors, perennial gardens, offices, recreation rooms, game area, formal dining rooms, wood decks with hot tub, walk-out rancher, and gourmet kitchens. Homes for sale in this Colorado Springs real estate area range from the high 0,000s to just under 0,000.

In the privacy of the pines is the prominent Hawk Ridge real estate area. Hawk Ridge has homes for sale on approximately 2.5 acres or less. Many of the homes are custom homes with features like: hardwood floors, walls of windows, multiple fireplaces, French doors, granite kitchen islands, custom cabinets, hand crafted banisters, ponds, walk-out dining area, and large decks. The homes for sale in the Hawk Ridge community range from the approximately the mid 0,000s to 1.3 million dollars. This part of the Colorado Springs real estate area borders the Black Forest area.

The Wissler Ranch homes for sale range from the mid 0,000s to 0,000. Some of the homes have luxurious living and family rooms, huge open kitchens, spacious master suites, home theaters, wine cellars, exercise rooms, recreation rooms, and 5 piece master baths. Many of the homes are on approximate 3 acre lots. Some of the homes are gorgeous cottage style houses with old world charm. The homes for sale in this Colorado Springs real estate area range from the mid 0,000s to the mid 0,000s. The Wissler Ranch community also borders the Black Forest area.

There are some homes for sale in the Elk Creek community in the low 0,000s. The homes are located in meadows and in the woods. Most of the homes are on five acre lots and are zoned for horses. Some of the homes have beautiful mountain views and some are located in the meadows and have natural streams running through the properties. Many of the homes include barns, storage sheds, fences for horses, RV parking. There are custom homes in this community. Find your perfect dream horse property in this Colorado Springs real estate area. Amenities include: vaulted/beamed ceilings, large kitchens, fireplaces, skylights, multiple decks, oversized garages, and covered stalls.

Schools.

The schools of attendance are: Lewis Palmer Elementary School, Ray E. Kilmer Elementary School, Lewis Palmer Middle School, Creekside Middle School, and Lewis Palmer High School. The schools are part of the Lewis Palmer School District 38 boundary area.

Neighboring Communities.

The Southwestern portion of the Black Forest is located to the south and contains the Black Forest Regional Park. The Black Forest extends to the east. The Kings Deer, Canterbury, Fox Run, and Cherry Creek Crossing subdivisions are situated to the west.

Commuting.

The northwestern Colorado Springs real estate area of Black Forest is located near Highway 83 and County Line Road. It is convenient for commuting to Colorado Springs and Denver. This part of the Air Force Academy real estate area is located approximately 30 minutes or 22 miles from the USAFA main gate and is a possible Colorado Springs military relocation choice.

Recreation.

The High Forest Ranch community has miles of hiking trails and open space. It is close to the Tri-lakes real estate area. Three lakes and multiple golf courses are located in the Tri-lakes area. Shopping is close by in Monument, Castle Rock, Denver and Colorado Springs real estate locations.

Colorado Springs Real Estate - Black Forest Homes

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Colorado Real Estate Schools

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When we speak of Colorado, what usually comes to our minds is a wide stretch of mountain ranges - so beautifully located in the Rocky Mountain region in the United States. It's also the eighth in size among the 50 states. Aside from its mountainous place, don't you know that we have a number of Colorado real estate schools as well in this huge state? People who are interested in getting a real estate license would normally go to Colorado and enroll in one of the schools offering such course.

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It has been known that Colorado has the highest pass rate for 2007. Students who took their courses in any Colorado real estate schools normally get high chances for passing the licensure exams, even with testimonials attesting that more than 90% pass their broker exam on their 1st attempt. This only shows that education programs in Colorado are one of the best. Kaplan Professional Schools, one of Colorado real estate schools, is Colorado's number 1 real estate school, with a reputation of over 45 years of experience in providing the best licensing, exam preparation and continuing education programs for the Colorado real estate community. Most of their classrooms can be found in Denver and Colorado Springs. These Colorado real estate schools offer the same amount of teaching expertise to its students. They are also internationally recognized and strategies taught to the students are indeed very helpful.

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The MacIntosh Real Estate School is also one of the Colorado real estate schools providing the same level promising success in passing the real estate licensure exams. They have trained thousands of successful real estate agents in Colorado with their very much developed teaching methods and techniques. They are always adept to the changes in the real estate world thus making it easy for them to teach its students giving them tips which are very useful in passing the exams. Aside from the usual way of going to school, MacIntosh Real Estate School offers the convenience of studying from home. You can work at your own pace without being bounded to conform to someone else's classroom schedules. You get one-on-one attention because you get to interact with the instructor via email. Another Colorado real estate school is the Colorado Real Estate at ProSchools. It's also a premier real estate license school with over 50 years of experience thus proving authority on the subject.

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Real estate schools in Colorado have gained their reputation through years of experience. Many licensed real estate agents as well have attested to their skill and competence. Indeed, Colorado real estate schools has earned their title. Thousands of people would prefer taking their courses at these schools - indeed getting their money's worth!

Colorado Real Estate Schools

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How to Get Started in the Real Estate Game Fixing and Flipping Houses

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If you're looking to get started investing in real estate by fixing and flipping houses, you'll want to know what to type of property to buy. Many real estate investors make millions turning ugly houses into dollhouses. On the other hand, some inexperienced investors lose money buying houses that just don't turn a profit.

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Three Tips to Help You Find the Perfect Fixer

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1. Learn Your Market

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Your first task, exploring your market, helps you know a bargain house when you see one. Look at houses for sale in your area. Keep track of sales and how long the houses take to sell. Ask about the terms of these sales because this helps you understand how sellers market their property. For instance, if a seller paid closing costs for the buyer, did the price rise from the listed price accordingly? Or, did the seller come down on the price and pay the buyer's costs, too. Examine the sales that sell quickly. What home features and financing options prompted the fast sale?

Also, look at model homes. Buyer often chose resale homes because they can't wait for a new home to be finished. But, these buyers like the amenities found in newer homes. When you transform your fixer, you'll know what buyers desire and you'll make informed makeover choices.

2. Know When "Bad" Can Be Good

When you first start out in your real estate "fixer" enterprise, you'll want to look for houses needing only cosmetic work. Look for houses that just need cleaning up, painting, and new flooring. Don't be afraid of stinky houses that show horribly; look for fixers with peeling paint, holes in the wall, stained carpeting, and trash in the yard. Remember, these houses won't look good to most buyers, but that other investors see them as gold mines. You need to use your imagination when viewing these homes. Try to visualize the finished product.

3. Know When "Ugly" Means "Pass"

If the house has cat urine staining the carpet, the subflooring or concrete foundation may need replacing. Dog urine cleans up easier. If the walls have too many cracks and bumps, you may need to hang new sheet rock or hire a professional plaster refinisher. Look for signs of plumbing problems such as water stains under sinks and loose flooring.

When you're new to real estate investing, always remember your limitations. Use caution when considering houses needing structural repairs. Some rehabbers replace walls, plumbing, structural beams, sub-flooring, and electrical systems, but they acquired those skills after years of experience or pay a professional.

If you find a house with structural problems, get estimates from reliable contractors to do the work. Experience teaches you how to do more over time. Until then, rely on experienced contractors to do the repairs. Take professional estimates into account before deciding whether or not to purchase an investment property.

Why would anyone want to do this? How much does the average investor make? In Philadelphia, real estate investors only make offers on houses they expect to make ,000 on. In Southern California, many investors make ,000 to 0,000 on each house.

Summary: You can make a fortune fixing ugly houses. Learn your market. Know when "ugly" means bad that can be good, and when stinky means pass.

Copyright (c) 2005 Jeanette J. Fisher. All rights reserved.

How to Get Started in the Real Estate Game Fixing and Flipping Houses

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What You Should Know Before Relocating To The Midwest

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Sometimes people move because they are tired of their surroundings. Other times, their relocations are based on their own work or the work of a spouse. Regardless of your reason for moving, there are a lot of things to consider before settling in to your new destination. If you are headed for the Midwest, and you have previously lived in the south or on one of the coasts, you are in for a few surprises. Some of the changes will be pleasant, like the lower cost of living and the affordability of real estate. While homes for sale might be pricey, many of the suburban areas or small cities in the Midwest are much more affordable. If you must live near the Windy City, consider purchasing one of the more affordable IL homes for sale.

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One of the toughest things to accept when relocating to the Midwest is the weather. Some winters are comparable or easier to handle than other parts of the country, but when the Midwest does get hit with a harsh winter, it is bad. The other thing to consider is that people react differently to snowstorms in the Midwest than elsewhere. The philosophy on the East Coast is to keep everyone indoors while the plows and emergency vehicles to their work. In the Midwest, the philosophy is to mock convention and just go about things as normal, even with the plows trying to work. The result is chaos and dysfunction. If you are used to dealing with weather by letting the professionals do their jobs, winter will take some getting used to in the Midwest.

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No matter where you go you will need to adjust to new traditions and customs, which is often one of the best parts of relocating. People use different words to describe different items and they eat different food and enjoy different activities. If you want to fit in when moving to a new location, do your best to blend the customs you grew up with and some of the new customs from your new home.

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Remember that where you learned to drive will affect your driving style, which means relocating will leave you adjusting to new driving mannerisms. Sometimes it is a matter of law and you will need to learn the legal ways of doing things in your new home. An example of this might be u-turns or turning right on red lights. Some states permit it and others do not. Other instances, it is a matter of interpretation. For instance, to some, merge means to adjust to the flow of traffic and find a way to fit into a space, but other drivers think merge means to barrel into the traffic flow at any speed you please. Know what to expect before hitting the highway.

Finally, familiarize yourself with the environment. Make an effort to get out and socialize so you can make new friends. If you are not moving because of work, be sure there are plenty of employment options before moving. With a little effort, you can build a successful life in a new town.

What You Should Know Before Relocating To The Midwest

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Buying a Home in Foreclosure - The Basics for Buyers

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Turn on CNN or pick up the Wall Street Journal any day this week, and you are bound to see a story about the number of home foreclosures taking place in the United States right now.

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While it is always sad to see people lose their home due to foreclosure (especially so many people), it also represents investment opportunity for home buyers. In fact, buying a foreclosed home often means that you can get the property for less than market value. Upon hearing this, most people immediately want to know how it's possible. Here's how it works.

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Buying Foreclosures Can be a Good Investment

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The first thing you'll notice above is that I said buying a home in foreclosure "can" be a good investment, suggesting the possibility (but not the certainty) of getting a good deal on a home. This is what attracts people to the practice of buying foreclosures in the first place, the possibility of getting a home for less than market value.

Some people use this practice as a way to purchase the home they intend to live in. Other buy foreclosure homes for a living, turning them around for a profit and moving on to the next deal. Regardless of which camp you fall into, there are certain things you need to know about buying a home in foreclosure before you venture out to do so.

Why It's a Good Investment

Foreclosure is an expensive process for the lending institution. Lenders are good at making loans -- it's what they do. But they're not so good at managing and marketing foreclosed homes. On top of that, many foreclosure properties need maintenance and/or repairs, which adds even more costs that the lender must pay.

Bearing this in mind, it's easy to see why most lenders want to avoid the foreclosure process as much as the homeowner wants to avoid it. And when they do take possession of a home, they want to sell it off as quickly as possible. Typically, this is done through a real estate auction. Many homes sold at auction start out below market value. And unless inexperienced bidders drive the price up at auction, the buyer often comes away with a great purchase -- at or near "wholesale" price instead of market value.

So the real estate auction is one way to purchased a foreclosed home, but it's not the only way. In some cases, the homeowner will avoid foreclosure by selling the home through a "short sale." In this scenario, the lender allows the homeowner to sell the home for less than the amount owed to the lender. Pricing a home this way will normally ensure a quick sale, which is what both the homeowner and the lender want.

The longer the lender keeps the non-performing loan (a mortgage that is not being paid by the homeowner), the more money they lose. That's why they are usually eager to get the loan off their books quickly, and it's also why lenders sometimes agree to short sale techniques to begin with.

So now we have talked about two ways the savvy investor / buyer can get a foreclosed property on the cheap - through a real estate auction, or through the short sale process. Combine this with the number of foreclosure assets on the market right now, and you can begin to see why this is such a hot topic among real estate investors right now.

Buying a Home in Foreclosure - The Basics for Buyers

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