Not real estated related, but I thought this was a good read anyhow. Does the GOP scare you too?
My father was a Republican for the first 78 years of his life. For the last twenty, he’s been a Democrat (he just celebrated his 98th.) What happened? “They lost me,” he says.
Investing in real estate has always been a good idea. A few years ago, that idea was challenged by the collapse of the housing market and the subsequent decline in property prices. However, most people involved in real estate know that the circumstances of that situation were unusual and are not likely to be repeated. In the meantime, one thing that continues to drive the faith in property investment still holds true: the amount of land is limited and the population of the world and the country are growing. This is a long-term guarantee that real estate values will resume their upward climb.
What Is Real Estate?
Real estate is property that is defined by land. In many cases, the land itself is all that is meant by the term real estate. This includes the water features, crops and any mineral deposits located beneath the land. More often, the term includes the houses and other structures that are built on the land.
Buying Real Estate
If you are interested in buying real estate in the United States, your first move should be to contact a real estate agent. This will be someone who works locally and has received a license to negotiate deals in the purchase of property. An agent will be motivated to help you find the right property because he or she receives a commission from any sale that is realized through his or her interaction.
After you express your interest to a real estate agent, the agent will want probably have questions in order to clarify your desires. It will be important to determine why you want the property, how long you will expect to live in that property and how you will use the property in general. The vast majority of interactions with an agent are made by people seeking to buy homes for themselves and their families. Others will also utilize the services of a real estate agent in order to find empty land on which to build or land to simply buy as an investment to be sold later.
Once your desires are clear, it is customary for agents to allow their clients to see some pictures and descriptions of pieces of property in the nearby area. After the client expresses interest in some properties, an excursion may follow as the client and the agent representing him or her goes to see the various properties. This is often a crucial step because people like to see the environment that the property inhabits. This has an effect on market value and also on the desirability in the eyes of the buyer.
Once the buyer has chosen the property that he or she wants, the real estate agent will begin to make offers to the present owners of the property. These negotiations may go very quickly or they may endure for some time. Once everyone is agreed, the agent helps the parties involved to contact banks and lenders in order to finalize the purchase of the real estate.