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Jul31
Real Estate Q&A. Should I Buy Property If I'm Moving In A Year?

Q: Should I purchase a home if I don't plan to be in the area for more than a
 year or so? 

A: Thank you for your question!  

A few years ago, when property was selling like hot cakes, I would have said yes.  Even today, as a buyer, I know you could get out in the marketplace, and find a good deal.  However, when it is your time to be a seller, you will have a problem.

With the lag in the market, average market times (the number of days the property sits on the market before it is sold) are increasing.  The type of property, neighborhood and condition all are important factors when trying to figure out the demand for your property, and how long it would take you to sell it.  Honestly, I would recommend that you ask your neighborhood real estate agent to generate an Area Market Survey.  That report will tell you the market statistics and  for properties in a particular area.

If you are staying in the property twelve months, and it will take you approximately three months to sell it (maybe more, maybe less), then that means nine months after living in it, you will have to clean, pack and sort, and get ready to welcome buyers into your home. 

Again, please consult your neighborhood real estate professional to help you as soon as possible! 

 

If you have a question you would like answered, please email keisha at propertymaven.com, and I will do my best to find an answer for you.  Check back here daily, for more real estate answers, statistics, and fun!

Jul30
SellMyTimeshareNOW.com Helps Timeshare Property Buyers and Sellers
The timeshare industry is booming with timeshare property available for sale on the market. According to a recent press release, timeshare sales hit $10 billion in USA in 2006, representing a 16% growth rate, with almost 180,000 timeshare units... Continue Reading
Jul29
ePERKS.com-A Revolutionary New Service Marketplace
 Sponsored Review When you want to find a great computer, or rare baseball card that you evaluate and purchase for less than retail price, you might check out Ebay.  When you need help buying or selling your home, and need... Continue Reading
Jul27
Buying Real Estate? Find An Agent To Work For You.
With the ability to receive real estate information on your own, you may wonder, as a buyer… Why would I need a real estate agent? Well, the answer to this question can be long or short. We’ll go with short.... Continue Reading
Jul26
Building Your Dream Home? Here Are A Few Tips.
Last year, I decided to buy a newly built home.  I found that in the South, because so many areas are still developing, the inventory for new homes is overwhelming.  There are hundreds, if not thousands of new homes, which... Continue Reading
Jul25
Minimum Wage-Working Full Time & Homeless.
Early last year, the Oprah show featured families living on minimum wage, who were barely able to support themselves.  The special report talked to people with full time jobs, and found that they were unable to save, and  were barely... Continue Reading
Jul24
Your Home & Mortgage. What Happens When You Pay Late?
Have you ever fallen on hard times, or had some unforeseen expense come up, resulting in paying bills late?  Generally, paying late means paying more.  Leasing companies, credit card companies, and retail stores, are examples of businesses who will charge... Continue Reading
Jul23
Hawaiilife.com-Access Granted To Premier Hawaiian Real Estate-
Sponsored Review If you know anything about real estate, you have heard three magic letters, M.L.S.  M.L.S. stands for Multiple Listing Service. Every major real estate market in the country utilizes a local version this service as an active database to... Continue Reading
Jul20
Creator Of Harry Potter-J.K. Rowling's-Real Estate Moves
At age 41, author J.K. Rowling holds many distinctions.  With a fortune estimated at one billion dollars, she is one of the most successful authors of our time.  Rowling has been named the first person to become a billionaire by... Continue Reading
Jul19
Do you have what it takes to have a successful real estate career?
Real estate as a career is a viable alternative to traditional careers, in that it gives you a certain level of freedom. That said, here are a few things I believe you should see in yourself before embarking on a... Continue Reading
Jul18
Where Are All Of The Real Estate Buyers?
At the most recent height of the real estate sales,  it was easy for just about any buyer to find a mortgage.  Therefore, everywhere you turned, someone was shopping for, or purchasing property.  The market was busy.  Open houses were... Continue Reading
Jul17
Quick and Easy-Ways To Spruce Up Your Home.
Did you know that prior to making an appointment, Realtors often tell their clients to drive by your home?  Buyers look at the neighborhood, but they also look at the outside of your home to determine whether to make an... Continue Reading
Jul16
*Monday Market Madness*Home Not Selling? You Are Not Alone.
Market data shows that as of June 2007, there are  about 6 million homes for sale in the United States.  A few years  ago, I can recall listing homes, and having offers come in before ever showing the place.  I... Continue Reading
Jul13
Kapaula Resort--A Maui Paradise Haven You Will Want To Call Home
Sponsored Review When you close your eyes, and think of yourself on a paradise vacation, you might imagine beautiful white sand beaches against the ocean, scenic mountains, and first class accommodations.  If the what you imagined looks something like the... Continue Reading
Jul12
Ready to Flip? Do Your Homework To Avoid Traps, Or Scams.
With real estate,  "flip" has become a popular buzz word.  That said,  it is easy to get caught up in the hype.  With popular television shows focusing on this segment of the market, to seeing the neighborhood you live in... Continue Reading
Jul11
Beverly Hills Mansion: Most Expensive Listing Priced At $165 Million Dollars
        The L.A. Times reported yesterday, that a 1920s Beverly Hills mansion and estate hit the market at a record price of $165,000,000.  Few homes in the country command such an asking price, but in California, and Beverly Hills in particular,... Continue Reading
Tips For Beginning Real Estate Investors
So you’ve watched the Apprentice, and have seen Donald Trump parading around New York with his name on some of the best buildings and skyscrapers in town.  You keep hearing that he’s a millionaire because he invested in real estate,... Continue Reading
Jul10
Question Answered; Retire in Panama?
Please email questions to keisha@propertymaven.com.  I'll answer them here, so check back daily! Note: Upon publishing this article, I heard from a few developers working in Panama! Please note their perspectives in the comments section.  Pam asked... Q: "Ed and... Continue Reading
Jul 9
Monday Market Madness* Mortgage Rates Drop
This week, for the third straight week in a row, interest rates have dropped.  Keep in mind that generally when you see headlines saying rates have dropped, the loan product is usually a 30 year, or 15 year  fixed... Continue Reading
Jul 6
Michael Jackson’s Real Estate Moves
  Continued from yesterday's post....Soon after being cleared on child molestation charges, in 2005 Michael Jackson left the country leaving his 3,000 acre estate behind.  Jackson told many, including his Father,  that he would never live in the United States... Continue Reading
Jul 5
Where Is Michael Jackson?
He is a member of the Rock and Roll Hall of Fame.  His Thriller album delighted audiences around the world, and propelled him into legend status.  His dance moves are legendary, and still performed by musicians today.  There has yet... Continue Reading
Jul 4
Happy 4th Of July-Remember Fire Safety At Home
It's the 4th of July, and though it doesn't fall on a weekend this year, it will still be celebrated right smack dab in the middle of the week. One of the greatest things about having a home, is the... Continue Reading
Jul 3
Real Estate Question & Answer....
Please email questions to keisha@propertymaven.com.  I'll answer them here, so check back daily! Lou Davis asked...Q: "Do you have an opinion on the option ARM's that many homebuyers are using?"A: I'm not a mortgage expert, but I have personally had... Continue Reading
Jul 2
Monday Market Madness* Good News For Real Estate Buyers
Property Cleaning with Dallas Carpet Cleaning.  Keeping your home's furniture and carpets clean is what we do best.While the media continues to report on spiked property prices, other sources are pointing to the fact that in many metro cities, housing... Continue Reading
Jul 1
Introducing Real Estate Writer, Keisha Kidan
Keisha Kidan is currently a full-time real estate broker in Georgia, and Illinois. Her journey in real estate began in 2002, as she searched to find a career that would not require traditional hours or business attire every day. After... Continue Reading

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