Tips for Real Estate Investors after US Property Market Shows Signs of Recovery

Tips for Real Estate Investors after US Property Market Shows Signs of Recovery

Good morning, this is a guest post from Jack Crew, who is the owner and editor at finance updates today- a leading daily finance news blog. In this article he describes more about us property market & real estate investment. Let me know if you would like to guest post on RFI.


The economy of United States has slightly recovered. Even though it’s not fully recovered, investors have started to pour their money into the real estate market. But before jumping into the bandwagon, they should look at the market trends of 2014 and based on those trends, create a roadmap for investment.


Some of the noticeable trends of the housing market are below;


  •   Price of homes is on the rising side like 2013. However, the rate of increase is not as much as it was last year.
  •  From 2000, mortgage properties have mostly been refinanced. But this year, those properties will be purchased.
  •   As home prices are rising, more and more homeowners who are currently underwater, will be able to buy and sell property.


The aforementioned points indicate 2014 could be a great year for property buying and selling. However, the mortgage rate could increase this year and cause the number of property sales to go down. Thus, homeowners need to check the mortgage rate in their area.


In general, both buyers and sellers need to follow some effective tips which are mentioned below;


Home Repairing to Keep Pace with the Market


This tip is for sellers. They need to have the repair works done as that would increase the chances of the property being sold. If possible, add a loft room or remove unnecessary furniture so that the house doesn’t look clumsy. Another very important thing to keep in mind is that the cycle could be for a short period of time, so don’t wait for home price to rise even more.


Buyers Should have Strong Credit


Bad credit could be a roadblock for an interested buyer to purchase a stunning house. That’s why, potential buyers should get their credit reports at the earliest and start fixing the holes. For example, a score that is below 600, would make it difficult to get a loan. A buyer should manage pre approval letter to show the seller that he can offer him the best deal.


Negotiation Process


The importance of negotiation often goes unnoticed. A buyer needs to understand stiff competition is out there. To make his standing firm, he should target 3 or 4 properties at a time so that if he couldn’t negotiate on one, he could do so on the other. There are less lowball offers due to the rise in home price and a prospective buyer couldn’t make an offer that is unattractive in monetary terms.


Dealing with Foreclosure


Many homeowners have given up after foreclosure. But they need to understand they don’t necessarily have to wait for seven long years. There are lenders, who can make it three year waiting period if he could put a sizable down payment on the table with attractive interest rate. Another way out for him is to lease-purchase a property and pay the homeowner a fixed sum of interest every month.


In short, the property buying and selling market has improved a bit and this is the high time to cash in on it. Following the solutions mentioned above could help both sellers and buyers to reap the benefit.

How Can I Retire Early? When You Stop Taking No for An Answer

Today we have a guest post from My Money Design, he will talk about what makes you want to retire early?

Check this out over at Make Money Your Way


Do you like online grocery shopping as much as I do? Will talk about  this over at Savvy Scot. 

Easter and the Holy Week in Guatemala


Happy Easter everyone! I hope you had a lovely time to relax with your loved ones. Easter is quite a big deal in Guatemala, as the country still has strong Catholic roots. Usually the weather gets pretty hot and people call it “summer”, before “winter” bring rain around May. So the city gets deserted by any family who can afford to go down to the beach for some sea fun and fresh air. We decided to stay in Guatemala City as we are at the beach all year long (even my lake gets invaded by loud jet skis and drunk party animals so it’s not the best time to be around), and enjoyed the Easter traditions.


One such big tradition is the flower and sawdust carpets people make on the floor so the religious processions can walk on them as they pass.


It takes hours to make a carpet, and the one you see here was in the center of Guatemala City, trying to beat the record of longest carpet in the world. It was about 2 miles long.


After the procession passes, the cleaning team is ready to wipe any trace of the temporary art.


The processions themselves are also a very strong tradition. People from any age participate.


They are part of a brotherhood and all dress the same, in purple or black generally.


They carry a holy image for almost 24 hours all around the historic center, starting and ending at their church. Notice the guy below that holds one of the many electric cables (top right) so the cross doesn’t get trapped.


Being chosen to carry is a privilege you have to pay a hefty sum for, and places are so limited they used to be inherited by the most respected of families.


They take turn in carrying every 10 minutes or so, and from their faces, it weights a lot.

This is the Holy Thursday procession where Christ carries his cross to be crucified.


There was also a kids procession


And a women’s one.


They were all dressed in white, then on Holy Friday they dress all in black.


This is Holy Friday’s procession going out of Antigua’s Cathedral. Antigua is a beautiful colonial town 30 miles away from Guatemala City. The processions there are huge and beautiful too.


They prepared beautiful flower beds in the street of the Arch, the most iconic of the city,


while the brotherhood carries a dead Christ lying with his mother and Mary Magdalena icons.


The colonial setting and incense cloud make for a very dramatic setting, as the procession goes to the sound of funeral marches.

Yakezie Carnival, Easter edition

Easter in Guatemala

Easter in Guatemala

Happy Easter everyone! Here in Guatemala it is a very important time of year, well known for its colorful processions. Stay tuned on Monday for a recap of the Holy Week, in the meanwhile, enjoy the Yakezie Carnival! You can submit your posts for next week here.

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Pay Off Debt and Reach Financial Independence


You can’t put a price on financial independence. It’s something that most people want, yet many don’t know how to achieve it. Financial independence has tremendous benefits. For example, there is the freedom to pursue other opportunities. The majority of people find themselves stuck at a job for 30 years. But if they’re able to achieve financial independence, there’s the opportunity to explore entrepreneurship or take risks with their career.

Additionally, being financially independent can provide extra spending money, and there’s the chance to spend more time with family. And most importantly, this type of independence brings peace of mind.

Unfortunately, if you have a lot of consumer debt, it can be hard to achieve financial independence.

Although debt is a part of society, a debt-free life is doable. There are several reasons why we acquire debt. For the most part, we don’t always have money to get the things we need, such as a house or an automobile. Even though loans are customary, financing anything means that you’re a slave to your creditor. And the more debt you have, the higher the risk for negative consequences. For example, you might get in over your head or deal with a damaged credit score.

There are, however, solutions to debt. And although most people attempt to tackle debt on their own, some situations call for professional help.

Now, if you’re trying to become financially independent, asking for help might not seem “independent.” However, getting help from a professional company can help you reach goals faster.

The truth is, a credit and debt counseling company like Lexington Law might be the answer to debt issues and the ticket to becoming financially independent. If you can pay off your debt and adopt a cash-only life, the opportunities are endless. However, some credit and debt service companies have a bad rap. If you research online reviews, you’ll read different stories from people who have been taken advantage of by these companies.

For example, some credit repair companies claim to be able to remove all negative items from your credit report. They raise your hopes; but in the end, some companies will take your money and provide little, if any, results.

This isn’t how all credit and debt counseling companies work. The key is finding a reputable company — one that’s upfront from the beginning.

If you need a company to help repair your credit, it’s important that you understand how services work. The company works diligently to remove unfair and inaccurate information from your credit report. This might include collection accounts, late payments, charge-offs and any other negative item reported in error. After this information is deleted from your report, your credit score will improve. Unfortunately, these companies cannot remove legitimate negative items from your report.

Also, if you need debt management help, the service company will work with your creditors to negotiate better terms and lower payments. This keeps your monthly payments manageable, and helps eradicate balances sooner.

The ability to remove negative information from your credit report and manage debt is only one aspect of working with a service company. Paying off debt and fixing your credit report can boost your personal score. But your score may drop if you revert to poor credit habits. For this matter, a good company will also provide credit and debt education.

To be honest, some people have bad credit because they don’t know the fundamentals of credit management. They may not realize the importance of paying bills on time and they may not understand the factors that influence their credit score. Likewise, they may have debt due to uncontrollable spending habits and poor money management.

Through credit education, you’ll receive tools and information that can help you make the most of you credit and manage credit wisely.

So, do you want to achieve financial independence? Do you need to get from under the burden of debt? Don’t tackle this problem alone. It can be a lengthy, frustrating process. But you can reach your goal with professional help.