What First Time Home Buyers Need to Know

[Article by COURTNEY CRAIG – an Atlanta-based writer and editor]

When I bought my first house, my timing couldn’t have been better: The house closing was two weeks before the lease was up on my apartment. That meant I could take my time packing and moving, and I could get to know the new place before moving in.

I recruited family and friends to help me move (in exchange for a beer-and-pizza picnic on the floor) and, as a bonus, I got to pick their brains about what first-time homeowners should know.

Their help was one of the best housewarming presents I could have gotten. And thanks to their expertise and a little Googling, here’s what I learned about what to do before moving in.

Change the locks

You really don’t know who else has keys to your home, so change the locks. That ensures you’re the only person who has access. Install new deadbolts yourself for as little as $10 per lock, or call a locksmith — if you supply the new locks, they typically charge about $20 to $30 per lock for labor.

Real estate investors could benefit from reading this article as well.  You never know how many people have a key and could possibly get into a home you are working on and swipe tools or new appliances.  The section for checking for plumbing leaks could also save a lot of money and problem solving later. Whether you are fixing up the home to resell or are going to rent the home after repairs or updating, the new buyers or tenants will want to feel comfortable that there are no leaks or pests in the home.

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Smart Advice for Real Estate Investors

Property Investors Puget Sound

From the fictional Lex Luthor to the very real Donald Bren, real estate has often been considered a ripe investment opportunity for successful entrepreneurs. But what differentiates a smart real estate investment from one that’s going to turn into a disaster? What tells the best real estate moguls when to buy and when to sell? Here’s some smart advice for real estate investors. 
If you’re planning on investing in real estate because you think you’ll get rich quick, you need to think again. There have been boom times in real estate history, but the current economy is not one of them. In the 1990s, it was fairly easy to buy a property, make very quick improvements, and then flip the property, making a quick and substantial profit. After the housing bubble burst and the recession of the early part of the decade left the economy running sluggishly, real estate has been one of the last areas to rebound. If you’re looking to invest in real estate, doing your research and moving slowly will be to your benefit.

How To Buy Multifamily Properties

Are you interested in real estate investing? Wondering how to buy multifamily properties?

Before you get started with a multifamily purchase, it is a good idea to do your homework…. You don’t want surprises. Research the location of the purchase to find out how much rent you will receive? Find out how hot the rental market is in the area you are considering. Will there be multiple buyers competing for the property? If so, think about your tolerance and strategize with your realtor. Ask your realtor for a market analysis of the property. This will help you determine the most you should pay. Always have an inspection of the property to be aware of any deficiencies. Read more