Real Estate Ownership
Generally, apartment-style buildings are called condos, two-story row houses are known as town homes, and free-standing homes on small lots are referred to as garden homes. Unfortunately, this description creates some confusion about real estate ownership. Apartment, town home, and garden home describe the design or construction of certain homes. The word “condominium” does not refer to a the layout or style of a building. Condominium is a form of ownership of real estate. The form of ownership of real estate cannot be recognized by observing the building design.
The US real property market has seen its share of ups and downs through the years. However, it is still considered a safe investment venture as opposed to the more risky stock portfolios being offered in Wall Street. The peak of the housing bubble in 2006 saw many Americans purchasing homes that they could not afford to pay for if the economy took a downturn. The crisis on Wall Street resulted in the crash of the US housing market and the subsequent foreclosure proceedings resulted in many Americans losing their homes. It is important to arm yourself with the necessary know how if you are planning to invest in US housing industry. Here are some tips that can guide you into making this venture a lucrative and safe one.
If you are buying a home, choosing a real estate agent may be the most important decision you make. A good real estate agent can help ensure that you are notified of homes that meet all your criteria. A good agent will also answer your questions and will walk you through the buying process, which is an invaluable service for first-time homebuyers. Despite all this, most buyers choose their agent in a completely haphazard way, simply falling into a relationship with the first real estate agent they encounter. A much better strategy is to do some sleuthing to uncover the agent who will truly help you find that perfect property. You can find the right professional by:
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A would-be real estate investor at a conference in Puerto Vallarta in April said he’d researched the Costa Rican property market for five years, considering making a buy. Meantime, prices appreciated, maybe, 200% in that period. The market became too expensive for him and he never did act.
For the past two years that overseas property investment has been a boom in the