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ybzoz38621
Posted: Sat 20:42, 10 Aug 2013
Post subject: jordan Residential Real Estate - a Good Investment
Always keep in mind that it is possible to err while working on your own if
jordan
you do not have enough experience in residential real estate investing. Therefore the first thing that you need to do is conduct extensive research to locate property that is undervalued before you make your offer. This
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means you must first be able to determine the true value of a property for which you intend making an offer. The easiest way to do this is to compare it with the prevailing prices of comparable properties in the neighborhood or similar areas. This is extremely important as the location of residential
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property immensely influences its market value. You also need to note down the features of each property for making a balanced comparison. Equally important is obtaining information about the length of time each property remained on the market before being sold and the final sale price. This will let you develop a good understanding of prevailing property values in a specific area and allow you to quickly
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spot property that is undervalued. This may be due to the seller being a motivated seller. Now you need to go ahead and negotiate for garnering the best possible deal. ?
When you upgrade the property after your purchase avoid renovating it to suit your own tastes. Be aware of what's new and in demand in freshly constructed properties in the market. And above all never exceed your budget. Always keep yourself updated by spending sometime to examine market trends. You can use easily available resources like real
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estate agents and local real estate magazines and papers which can yield a wealth of credible information.
Keeping all the above in sight as you go
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about investing in residential real estate can let you make reasonably profitable deals with a low risk factor.
Title: Residential real estate investing
Written by: John ?
Date Written: 07/28/2008
Reviewer Assigned by: David
Reviewed by: GD
Quality Control: AG
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Quality Control Completed on: 08/01?
Investing in residential real estate can be
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done through equity REITs. Equity REITs own real estate including residential real estate
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and earn primarily from rentals and sale of real estate. Generally equity REITs operate in specific types of real estate. For example, there may be some who specialize in office and industrial real estate, some may specialize in health care and hospitals, there may be others who operate only in retails outlets and yet others who specialize in residential buildings. Residential REITs specialize in apartments, condos
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and several other types of residential properties that are given out on rent/lease to tenants. Residential REITs may face problems when there is over construction in the geographic areas where
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they have an interest especially when the economy is sluggish.
However, you can always take the initiative to invest in residential real estate on your own. If you do, it will be a wise decision. It remains a fact that there is an ever existing need for housing and this trend will continue as long as population keeps rising. When you decide to invest in residential real estate you first need to study the market and learn the tricks of the trade. You are sure to be successful if you operate according to the simple principle of buying at low prices and selling at high prices. Although not as simple as it sounds it nevertheless is possible as many
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successful real estate investors will tell you.
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