Real Estate Blog – Condotron

Condos – Properties – Real Estate – Mortgages

20 Mar

What To Watch Out When You Are Buying A Home: 2

Posted in Real Estate on 20.03.10

bank-ownedNow that we have touched on why buying a bank-owned home might not be the best idea in the world, let’s move onto another reason why and that is the down payment.  Typically, when you purchase a home, that is something that you can talk about and it is typically like 5 to 10% down, however if you are buying a bank-owned home it is usually 20-25% down.

This is money right off the bat for a home that you do not know if it needs repairs.  Is it worth it?  To me, it is not.  Only because I think that there are is a lot of other options and I think that home owners are flexible with their price and if you give them a fair price they will give you a fair deal.

Keep this in mind whenever you are out looking for a home – I can promise that if you rush into the decision you will regret it.

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23 Oct

Facing foreclosure? Don’t pack just yet

Posted in Mortgages, Real Estate on 23.10.09

Facing foreclosure? Don't pack just yet Across the country, we all know that banks are starting to foreclose on many homes and homeowners are left without a word of explanation.  The banks seem to be taking the homes without so much as a warning and it is happening everywhere – form Ohio all the way to NY and from NY all the way to Florida.  It seems that foreclosures have become increasingly popular and there is no way around it.

If you are a homeowner that is faced with foreclosure – there are a ton of things that you can do, you just need to know exactly what to do and what they are.  The first thing you need to realize is that you are not alone.  There are so many people out there that have faced foreclosure and have gotten through it and you can too.

In the next blog, we are going to talk about some more ways that you can handle foreclosure if you are faced with it.

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08 Aug

Single Family Home Vs. Condominium: What’s Better?

Posted in Property, Real Estate on 08.08.09

Single Family HomeNothing in the world is as important as your first home – owning your own place is something to be proud of and I know that when I first got my home, it was so exciting!  Now the question on every first time home buyer’s mind seems to be whether they should get a single family home or a condo.  Condos – while fantastic, have some disadvantages and homes have some advantages – it is all about what you need.

One of the first things that you need to do is make sure that you take a look at the costs.  One thing that a condo has over a home is that it is usually a lot cheaper than purchasing a house – simply because you are in a building just like an apartment.  However – if you do not want to be stacked up like you are in an apartment, a home might be a better idea.

Another thing that you need to consider is going to be location and convenience – a home is very convenient most of the time as you can do anything you want to is, while a condo, you do not ever truly own it.

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02 Aug

Power Washing: It Should Be Done!

Posted in Property, Real Estate on 02.08.09

power-washWhen you are trying to sell your house – there are so many little things that you probably do not think about.  One of them is most likely going to be power washing the outside of your home.  Recently, I had just the front of my house power washed and I was amazed at how incredible it looked.  It truly made a difference and if you really think about it – the very first thing that people see when they drive up to your house is going to be the front of it.

If the front of your house is really dirty, it has a less likely chance to sell versus if you have a clean front of the house.  Power washing is something that is very inexpensive too, so you shouldn’t have any problems getting someone to power wash the front of your house.

Keeping your house looking fresh and clean is just one of the many parts to selling your house – remember that!

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