We have heard of the gloomy stories of how the housing market is in horror state but it seems if you play your cards right you can still turn a profit by selling your home. Actor, Ben Stiller did it this week when he netted a $10 million profit after selling his hollywood house.
According to news sources, action star Jason Statham, 43, just bought Ben Stiller and Christine Taylor’s 10-bedroom, 11-bathroom Mediterranean-style home in the Hollywood Hills, according to The Hollywood Reporter. The property is actually made up of two separate buildings; there’s also a one-bedroom guest house, a pool, and outdoor dining and living areas. The comedic couple made a tidy profit on the deal: They bought the property in December 1999 for $1.825 million, and sold it to Statham for $11.5 million.
Disclaimer, this is an exemption rather than the rule. Any nearby property that was bought in the heady days of mid 2000s is now underwater.
written by Constantine Njeru
\\ tags: 10 Million, 2000s, 5 Million, Action Star, Bedroom Guest, Ben Stiller, Ben Stiller And Christine Taylor, Guest House, Heady Days, Hollywood Hills, Hollywood News, Hollywood Reporter, House Sale, Housing Market, Jason Statham, Mediterranean Style, Nearby Property, News Sources, Selling Your Home, Tidy Profit
Charlie Sheen has put is home on sale. The Sherman Oak, California, residence on Aubrey Road is on sale for $7.2 million.
Is Charlie Sheen Broke!
Charlie Sheen problems have been well documented in the media and everywhere else but the the former Two and half men star is anything but broke. Forbes report shows Sheen brought home about $40 million over the past year, so it’s obvious that Sheen isn’t selling because he can’t afford the mortgage payment.
How To Make A Profit in Real Estate.
Charlie Sheen bought the home in 1997 for $2.5 million, If he pulls off this house sale, the man is set for a tidy profit.
As Sheen shows, the secret to making money in real estate is buy low and sell high!
written by Constantine Njeru
\\ tags: 2m, 5 Million, Aubrey, California Residence, Charlie Sheen, Forbes, House Sale, Making Money, Mortgage Payment, Real Estate, Tidy Profit, Two And Half Men
Mark Zuckerberg, the founder of Facebook has made his first property investment. Zuckerberg, who is valued to be worth $13.5 billion by Forbes, purchased a $ 7 million home. The house is located, Edgewood Drive in the Crescent Park neighborhood in Palo Alto, California.
Before this investment, Zuckeberg was a fun of renting. But it seems he has given in to that American dream of owning a house. Good for him!
According to Yahoo Real Estate News, the restored historic Palo Alto, Calif. abode encompasses 5,617 square feet on a 17,100 square-foot plot. It includes five bedrooms, five and a half baths, a banquet-size dining room, a music alcove and glassed-in porch. The backyard has a saltwater pool, a spa, an outdoor gazebo with a wood-burning fireplace and a carport.
written by Constantine Njeru
\\ tags: Abode, Alcove, American Dream, Bedrooms, Carport, Crescent Park, Dining Room, Facebook, Forbes, Investment Property, Mark Zuckerberg, Outdoor Gazebo, Palo Alto California, Park Neighborhood, Porch, Property Investment, Real Estate News, Saltwater Pool, Square Feet, Wood Burning Fireplace
The US housing bubble may have burst but another US real estate boom fires on: Since 2000, U.S. farmland prices have risen by 58% after inflation, according to the FDIC. And since 2003, they’ve risen by over 10% annually.
Factors Driving Farmland Prices
Surging agriculture prices, a weak dollar, fear of financial assets and rising global demand for food have all contributed to this boom.
Us Farmland Prices 1999 – 2008
The average price of an acre of U.S. farmland more than doubled from $1030 in 1999 to $2350 in 2008, according to the U.S. Agriculture Department.
written by Constantine Njeru
\\ tags: Acre, Agriculture Department, Agriculture Prices, Farmland Prices, Fdic, Fear, Financial Assets, Fires, Global Demand, Housing Bubble, Inflation, Real Estate Boom, Statistics, Weak Dollar
Their is a quote that says “nothing is new, everything that happens today has happened before.” This is true in stock market and even in housing market.
Robert J. Shiller a professor of economics and finance at Yale and co-founder and chief economist of MacroMarkets LLC has posted an article in NYtimes detailing the history of real estate bubbles across USA.
The first real estate bubble happened in 1830s and burst in 1837
The second real estate bubble happened in 1850s and burst in 1857
The third real estate bubble happened in 1970s and burst in the early 1980s
The fourth has been the recent bubble that started in 1990s and burst in 2007
It is clear real estate bubbles have been few and far between. To read the full article visit New York Times Real Estate.
written by Constantine Njeru
\\ tags: 1830s, 1850s, 1970s, 1980s, 1990s, Bubbles, Burst, Chief Economist, Co Founder, Economics, Finance, First Real Estate, Housing Market, Llc, New York Times, Nytimes, Real Estate Bubble, Stock Market, Times Real Estate, Yale
If you have limited cash and you are looking at prices listed properties you would be depressed by the prices quoted. The cost of real estate is high and small investors with limited budgets are normally priced out.
Real Estate Investing for Small Investors
One way small investors with limited budgets can invest in real estate is by investing via Real Estate Investment Trust or simply REIT.
Real Estate Investment Trust is a company that exclusively invests in real estate. The company’s shares are listed and trade in a stock exchange.Investors can buy the shares instead of directly buying the real estate.
Real Estate Investment Trust, REIF, offer individual investors a cheap chance to invest in properties.It is a route to low cost real estate investing or cheap real estate investing.
For more information on REIF visit Investopedia
written by Constantine Njeru
\\ tags: Budgets, Estate Investment Trust, Exchange Investors, Individual Investors, Invest, Investing Information, Low Cost Real Estate, Real Estate Investing, Real Estate Investment, Real Estate Investment Trust, Real Estate Real Estate, Reit Trust, Stock Exchange
If you are interested in calculating the value of your home you can take advantage of free home values tools.
Many Web sites offer home valuation information free or for a fee. One online site offering a free tool is Realtor.com, the official site of National Association of Realtors.
The Home Values tool on REALTOR.com can show you what houses around yours have sold for recently.
Try the tool at Realtor Home Values
written by Constantine Njeru
\\ tags: Advantage, Association Of Realtors, Free Home Values, Free Tool, Free Tools, Free Web, Home Valuation, National Association Of Realtors, Realtor, Web Free
Before selling a house you need to determine the value of the house. One method of estimating how much a home is worth is to look at the latest home sells in the neighbourhood.
You can get this information by talking to Realtors located in the neighborhood. You may also talk to neighbors who have sold their properties. You can even go further and talk to people who have just bought a house in the neighborhood and ask them how much they paid for the home.
Another option is go to neighborhood open houses. Open houses are a good opportunity to view comparable homes for sale in your neighborhood and chat with real estate professionals about the local real estate market.
written by Constantine Njeru
\\ tags: Home Value, Homes For Sale, House Selling, Local Real Estate, Local Real Estate Market, Neighborhood, Neighbors, Neighbourhood, Open Houses, Real Estate Market, Real Estate Professionals, Realtors, Selling A House, Selling House
If you have taken out a mortgage to invest in a rental property you will be responsible to paying the mortgage, taxes and cost of maintaining the house.
The owner of the real estate has two options on how to charge rent, In option one he charges enough rent to cover all of the above costs. In option two the real estate investor charges more in order to produce a monthly profit.
Although the temptation is on option two: to get a profit. It is not the best strategy, the best strategy is to be patient and only charge enough rent to cover expenses until the mortgage has been paid, at which time the majority of the rent becomes profit.
written by Constantine Njeru
\\ tags: Invest, Mortgage, Option One, Property Investment, Real Estate Investor, Rent Property, Rental Property, Taxes, Temptation
The goal of every seller of house is to sell at the highest price possible. Selling at the best possible price is not a matter of luck but a case well planned sale. You have to prepare your house for a sale and the best way to do that is to do some simple fixes.
Five Quick Fixes Before Selling A House
1. Landscaping.
You dont hsve to break the bank to change the look of the ground surrounding the house some as simple as placing big flowers or antique bench outside the house can give your house the wow factor.
2. Paint
A coat of new paint can give your house a big lift.
3. Fix the Kitchen and the Bathroom
This rooms are so critical especially if the potential buyer is a Lady. All else might be okay but she doesnt like the bathroom and the kitchen she will walk awy and you might never hear from her again.
4. Fix the wiring
Fix any loose electric sockets.
5. Hire a home inspector.
Since all buyers are seeking a maintenance free living show them you have done your best to make sure their life will smooth sailing. Show them the receip of home inspection.
Remember the only way you can ensure you maintain an upper hand in any negotiation of a house sale is eliminating all possible negative issue that the buyer will point at.
Do the above and the potential buyer wont have a strong case while bargaining for a lower price.
written by Constantine Njeru
\\ tags: Bench, Best Possible Price, Electric Sockets, Flowers, Home Inspection, Home Inspector, House Price, House Sale, House Value, Landscaping, Matter Of Luck, Negotiation, New Paint, Paint House, Quick Fixes, Receip, Sailing, Selling A House, Selling Your House, Wow
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