Secrets of finding a good deal on your next home purchase.
Do you know that across the country, home builders and home sellers are juicing their efforts to unload single-family homes.
In Florida’s Boca Raton, Gordon Homes is offering to pay two years of property taxes and insurance — worth as much as $150,000 on houses priced as high as $2.5 million.
Picture Source : Foreclosure.
Continue Reading…
You can read further HERE.
The followings are some of the resources that might help you to find a good deal for your next home purchase :
1. RealEstateJournal.com : Here
2. HomeBuilder.com : Here
tagged! http://wuching.blogspot.com/2007/08/good-blogging-tips-from-blogging-sifus.html
beware of things like foreclosure. better chk properly first esp in countries like Malaysia. our law doesn’t provide sufficient protection for investors
Thank you Wuching, will do that in a bit.
Alvin,
1.Does Malaysia has property appraisal services ?
The investor can then find out how much is the property appraised for and how much priced being foreclose ?
2. Does the county (don’t know what equivalent of Malaysia is) provide up to date information where the investor can check up for eg.
a. ) title liens on the property
b.) tax liens on the property
Tax lien, foreclosure are 2 very lucrative business if you know how to do it (like any other business if you know how to do it, ha ha). A person would enjoy this kind of business if he/she like “fixer upper” kind of property.
I have a client who started off buying “fixer upper” duplex when he was 20years old. And slowly build up his equity, now he has 500 houses (70% duplex) and one private airport (yes, in America, an individual is allowed to own private airport).
I have no idea how low or bad things are going to do here but it is a buyer market out there.
Wow, a lot of people who believe cash is king is waiting for the blood flood market to come.
Ps: Alvin When I visited Malaysia last, I read the newspaper talked about gangster waiting in bank and see who are going to buy the foreclose property and extort or threat the buyers. The newspaper reported that common people had very little opportunity to buy foreclosures. It is not so in the US, it is a legitimate business and especially you do your research and work with a RE broker who specialized in foreclosure property. I think my news and info are more for American consumers.
Jamy
jamy, actually, i donno much bout foreclosure. i’m jz beginning to learn a bit on investing (which includes property investment).
i jz know that the recent case where the new owner of a condo in mont kiara found a corpse in the condo (which is a lelong property). as far as i know, the law here doesn’t protect this new (and unlucky) owner. so…reli pity him lo. 400k..
Alvin,
Apa ini ? corpse ?
Did they sell it before the investor actually look at the property or the appraiser agency go in and look ?
If they sell it before the 2 conditions I mentioned, too bad. Again the “tak ada system” , sigh.
Don’t worry, take a baby step at a time, aim higher, one day, I might have to call you for your advise leh
:), ke ke ke 
.
Jamy