Welcome to Real Estate Guide
Real Estate Investment Strategies Article
This is a selection made from among articles on Real Estate Investment Strategies. For a permanent link to this article, or to bookmark it for future reading, click here.
Real Estate Terms - From Pre-Approval Letter to Townhouse
from: Raynor JamesWhen buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with "Pre-Approval Letter."
1) Pre-Approval Lender Letter - a writing from a lender stating that a potential buyer has approval to borrow a stated amount of money from his firm based on having documented all the personal information needed. Final approval is subject only to the lender's receiving a copy of a contract to purchase real estate, a satisfactory appraisal of that real estate, and its underwriting department's review of all pertinent information. In other words, the buyer qualifies so long as the property does and no changes occur.
2) Pre-Qualification Lender Letter - a writing from a lender stating that a potential buyer is able to get a loan in a named amount. It typically states the price of real property to be purchased, and what information the lender had when forming his opinion. When a lender has pulled a borrower's credit file, his opinion is worth more than if he just based it on what the borrower told him.
3) Real Estate, or Real Property - ground, any plants growing in it, any minerals under it, and any buildings or other improvements built on it.
4) Septic System - a self contained means of disposing of sewerage which tends to intimidate city dwellers. The simple version is a holding tank in which enzyme and bacterial action decomposes the waste material and buried lines in a drainage field which uses soil to strain out what remains. This works very well in soil which percolates well (water drains through it quickly). More elaborate septic systems are often needed in areas with heavy, clay soil and in areas with a high water table. Some properties are totally unsuited for septic systems and cannot be built on until public sewer is available.
5) Title Insurance - insurance which will compensate the insured for the value of his ownership or collateral position in real property if a person not thought to be a current owner materializes as an owner. (I've seen this come into play when property was owned by many heirs a generation or two ago.)
6) Townhouse - A single family attached dwelling unit with common walls.
Well, as promised, it's not a be-all, end-all, but we have covered lots of the important definitions and concepts needed to successfully handle your for sale by owner transaction. If I've missed something, don't hesitate to visit our site to read more.
About the Author
Raynor James is with http://www.fsboamerica.org - providing FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to list and sell your home for free for one month. Visit http://www.fsboamerica.org/buyer.cfm to see homes for sale by owner.
Warning: file(http://www.searchfeed.com/rd/feed/TextFeed.jsp?trackID=&pID=60557&cat=real+estate+investment+strategies&nl=5&page=1&excID=) [function.file]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found
in /home/jts066s/public_html/online-real-estate-guide/datas/searchfeed.php on line 8
Real Estate Investment Strategies Specific links
Real Estate Investment Strategies News
Borneo Real Estate showcases HK properties
KUCHING: Borneo Real Estate will present a unique chance for Malaysians to capture an investment opportunity in Hong Kong during its showcase at Four Points by Sheraton on February 11 and 12, and again during February 18 and 19.
Read more...Canadian Innovators Develop Ground Breaking Step by Step Real Estate Investment System
Tom and Nick Karadza traveled across North America meeting with successful, real money making investors to learn the secrets behind their successes. Tom and Nick went on to implement what they had learned and began helping others do the same. After repeated success they decided to open up Rock Star Real Estate Inc, a brokerage just outside Toronto, Ontario dedicated to working exclusively with ...
Read more...Real Estate Strategies invests $30M in Supertel
NORFOLK, NE-Slow and steady is the new mantra for the hotel industry and Supertel Hospitality is chiming in to chant, according to president and CEO Kelly Walters.
Read more..."Next 1 Secures Minority Interest in Real Biz Media"
FORT LAUDERDALE, Fla., Feb. 6, 2012 /PRNewswire/ -- Next One Interactive, Inc. (OTCBB:NXOI.OB - News), ("Next 1") today announced purchasing a minority interest its real estate partner RealBiz Media. ...
Read more...Research and Markets: Investing in REITs: Real Estate Investment Trusts
Research and Markets has announced the addition of John Wiley and Sons Ltd's new book "Investing in REITs: Rea
Read more...Seminar will introduce first-time buyers to real estate investment
Buy low. Sell high. Everyone knows that’s the key to making money, and that’s why real estate educator Tom Gillett says now is the perfect time to start investing in real estate.
Read more...Shareholders of Supertel Hospitality, Inc. Approve $30 Million Investment in Supertel by an IRSA Inversiones y ...
NORFOLK, NE-- - Supertel Hospitality, Inc. , a real estate investment trust which owns 99 hotels in 23 states, today announced that at a special meeting held on January 31, 2012, the shareholders of the ...
Read more...