Articles by Eric Rogers on ArticleSnatch.com

House Flipping - How To Choose Your Next Hot Investment Property

Fri, 22 Jun 2007 00:00:00 -0400

The first thing to remember is that: you're in this business for investment”I.E. to make money”not loose it. The quickest way to disaster is to let emotion get involved. Buying a property because it looks exactly like the home you grew up in or any other similar emotional reason is an easy but big mistake. When it comes to choosing a property, let your wallet choose. If you only have a modest budget to work with, don't try to rehab a $400,000 property with foundation issues”you'll eat through your budget too quickly. Choose your first project carefully”it should be easy enough to get your feet wet and relatively low risk. You might not make as much as a high-risk project yields but you'll be learning as you go and in this business, knowledge and experience mean money. The first step is getting your finances in order. This usually starts by contacting a loan officer or other mortgage professional and talking about what type of financing you have available. **End Summary** Topics: house flipping]]> real estate investing]]> flipping homes]]>]]> About the Author: ]]> Eric Rogers has been recognized as a local real estate expert for homes for sale in Aurora and Naperville Subdivisions .

Selling Your Home - The Dangers Of Pricing Too High

Thu, 03 May 2007 00:00:00 -0400

You probably have lots of emotion built in to your house. Maybe you fixed it up, or you raised your children there. Your home is your special place. However, when it's time to sell, don't let emotion play a roll in your pricing decision! Many sellers don't understand that overpricing can actually result in your getting LESS for your house than if you had priced it correctly in the first place. Knowledgeable agents and buyers often won't bid on an overpriced home. By the time you wise up and reduce the price to where it should have been priced in the first place, many of your best prospects will have bought other houses. This decreases demand for your now properly priced home! The problem is exacerbated if you placed your home on the market in the spring, it sat on the market overpriced throughout the summer, and now that you've reduced your price, the market has slowed. Also, consider that agents tend to steer buyers away from homes that have been in the Multiple Listing Service for long periods of time. **End Summary** Topics: real estate]]> aurora]]> naperville]]> homes]]> buyers]]> sellers]]> house]]>]]> About the Author: ]]> Eric Rogers is a REALTOR with Century 21 Pro-Team. Eric has been recognized as a local Naperville real estate expert including the Oakhurst Subdivision .

Save The Money Sell The House - 10 Inexpensive Things To Help You Sell The Indoors

Fri, 16 Mar 2007 00:00:00 -0400

If you're ready to put your home on the market, it's time to look at the inside of your home with a critical eye. The good news is that there are many very simple, inexpensive projects you can do that will greatly improve a buyer's opinion of your home. Several popular TV shows now focus on improving the interior appearance of homes in order to increase their market value or appeal. Often, properties showcased on this program undergo amazing visual transformations through very small changes. We can use this attitude more for less to improve the appearance of your home as well. Always remember our motto more for less. We want to focus on small, inexpensive changes that impact the VISUAL appearance of your home. Wiring the home for high speed internet (things that will not be seen by visiting buyers or only used in situational circumstances) or spending big bucks for major improvements, like adding granite countertops, will surprisingly yield less than you think. 1. Look Down This is an important factor for many buyers what type of flooring you have and most importantly, what the condition is. **End Summary** Topics: real estate]]> home improvement]]> selling homes]]> house]]> improvement]]> repair]]>]]> About the Author: ]]> Eric Rogers is a full-time, award-winning REALTOR with Century 21 Pro-Team in Aurora, Illinois. Eric has been recognized as a local Aurora real estate expert and also the surrounding Fox Valley .

High Risk Mortgages -- Was 2006 A Wakeup Call?

Thu, 08 Mar 2007 00:00:00 -0500

2006 will be known in the annals of real estate as the year of the slump. Home values fell in many markets around the country -- in some cases, significantly. This negative appreciation will, without a doubt, have a lasting effect on borrowers with high-risk mortgages. But will the hardships facing current homeowners with these types of loans be enough of a wakeup to new homebuyers thinking about similar financing? Owning your own home is part of the American Dream but sometimes choosing the wrong type of financing can turn that dream into a nightmare. For the past half-decade, the housing market has sizzled. Appreciation has been solid and predictable. During those hot years, many home buyers turned to higher risk mortgages for a variety of reasons. Some buyers chose interest-only loans in order to afford bigger homes. Yet others financed homes up to 100% in order to get in on the action, even when savings were low or non-existent. While the market was cooking along and appreciation was strong, many were able to justify these and even riskier loans. However, when 2006 hit, things changed. In 2006, many homes throughout the United States actually lost value. **End Summary** Topics: real estate]]> mortgages]]> home loans]]> real estate market]]> home financing]]> financing]]>]]> About the Author: ]]> Eric Rogers is a full-time, award-winning REALTOR with Century 21 Pro-Team in Aurora, Illinois. Eric has been recognized as a local Aurora real estate expert and provides service in the Fox Valley .

Real Estate Rebound Of 2007 - Has It Already Started?

Mon, 05 Mar 2007 00:00:00 -0500

As we head into the first month of spring, there is no doubt -- real estate activity has increased significantly in many parts of the country. This leaves many to wonder: is this the beginning of the end of the real estate market downturn? The spring market is looming -- the big question is, what type of market will it be? 2006 is no longer new news for anyone. We hit a market downturn -- after 5 years of hot growth, it was bound to happen. But more important is how long will the downturn last? This factor is vital for anyone thinking of putting their home up for sale in 2007. This fall, we saw prices drop in many places around the country off of strong values in 2005. This isn't a fact that homeowners are thrilled about. But it also has to be tempered by the exceptionally strong housing market of the previous 4 or 5 years. In many parts of the country, the depreciation of 2006 only erased a small portion of the equity that had been building. The market didn't just affect pre-existing home sales. Builders faced similar difficulties in 2006. **End Summary** Topics: real estate]]> real estate market]]> housing market]]> real estate bubble]]> housing bubble]]> 2007 market]]>]]> About the Author: ]]> Eric Rogers is a full-time, award-winning REALTOR with Century 21 Pro-Team in Aurora Illinois . Eric is considered a local real estate expert for the communities in the Fox Valley area.