Buying a house in a crippled economy
January 18, 2010 // Posted by: Home & Estate // Category: Homes & Properties
The crippled economy has been very bad for the real estate market. There should be some policies for selling foreclosed homes. There is a burden on foreclosed homes as it is a loss for neighbors. Property taxes are not collected on homes which have been foreclosed. When you buy a house, the bank can include the property tax in the house price.
In these hard times, you need to focus when buying a house. This crippled market has not only affected the real estate market but also the job market. So having a job and paying for a home is a big worry. There have been job cuts in these hard times, so you may not be able to pay the loans and other expenses for a new house. You should have some large amount of money if you are keen to buy a house.
But it is also true that in this crippling market , house prices have come down as there have been no takers. So check for all these details before buying a house.
February 7th, 2010 at 3:38 am
Nice Web Site and great posts. House Flipping is not dead. I flip 2-3 houses a month. The real trick to flipping houses is to buy low and sell low. The biggest factor is to tract the median home sales price and stay in that price point. I’ve been flipping houses for years and the best advice I can give in today’s market, is to sell cheap and buy cheaper. There are many articles around about house flipping. Most people flipping houses are clueless about what needs to be done. I think you have it right and have great insight. People really should do thier homework. Agian, Great posts. We should exchange house flipping links. Nice to find other successful house flippers. House flipping isn’t just a job, it’s a way of life.