Sunday, October 08, 2006

Real Estate Articles

Foreclosure is the legal proceeding in which a bank or another creditor sells or repossesses real estate due to the owner's failure to comply with an agreement between the lender and borrower ( the 'deed of trust'). Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, it is referred to as "the lender has foreclosed its". For more articles on real estate, visit Real Estate Articles .

Sunday, October 01, 2006

Investing in Real Estate in Houston

Investing in real estate has long been considered as a safe and high return investment. This is especially true in the Houston Real Estate arena. "Flipping" in real estate investing has become very popular over the last few years especially among the speculative real estate investors. Flipping refers to the buying and selling of real estate property within a short period for quick profits. Though the return on investment appears to be good, there is still a risk that your money could get locked-in in the absence of buyers.

Real estate prices have steadily increased since the beginning of this decade. However many signs point to the real estate boom coming to an end, so it may be wise to put real estate investing on hold. Investing in real estate, contrary to popular thinking, is a slow yielding investment. Hence real estate investors need to do proper planning and to conduct market analyses before investing.

Before investing in any property it is vital to study all the related documents of the property, to see the license of a broker if any, to check for liabilities etc. All contracts have to be in writing. All details such as the names of all parties, address of the property, area, purchase price, consideration etc. have to be entered in the contract along with all parties' signatures. It is also prudent to hire a property lawyer to look into the intricacies of real estate contracts.
One good way of investing in real estate is to buy foreclosure properties. Foreclosure is the process in which a bank or a creditor sells the property of the homeowner to recover the loan, which the owner has not been able to pay back.

A lease to purchase contract is considered the best type of real estate investing. This type of contract basically allows the tenant to lease a particular property for some period, and at the end of the period he has the option of purchasing the property at an amount decided at the signing of the contract. The tenant pays an initial non-refundable deposit. If the value of the property goes up at the end of the leasing period, the he may want to buy the property at its original value. If the value has not increased he can opt not to buy it. During this period he can also rent the property to someone else. By this method, the investor takes a lot of the risk off himself as he does not have to commit a large sum of investment capital not apply for a big loan.
Currently, there are a few areas where the real estate market is just too overheated and investing in real estate is just too risky. They are Miami, Las Vegas, Northern Virginia, Phoenix, Sacramento, Boston, Washington DC, and San Diego. Other "hot" areas also include San Francisco, Chicago, New York, Los Angeles, and Seattle. The safer, less volatile areas for investing with good ROI are Dallas, Cleveland, Houston Real Estate market, Columbus, Omaha, Kansas City, and Pittsburgh.

Saturday, September 30, 2006

Texas Houston Real Estate

Houston is a hotbed for new residential development. Ever since the housing slump of 1980's and early 90's, Houston is on the rebound, constructions are flourishing, and new residential developments continue to boom. Houston Real Estate is not known for appreciation value like California, Las Vegas, or the East Coast. But, prices here are fairly stable and seem to defy downward housing price trends nowadays.

Due to the low housing cost, Houston Real Estate is very attractive especially for out of town investors. Having made lots of money in markets like California, investors can purchase many properties here in Houston for lease and rent.

Also, Houston is known for its abundant land space. You can expand outwards 50-100 miles from the city and beyond. The abundant space means Houston Real Estate will not likely see big increases like California.

Nowadays, developers have also focused on Condos and other types of real estate Houston Texas. What that means is that the housing market is oversaturated and developers are moving towards more non-traditional means of living, ie condos and hi-rises.