article thumbnail

Buying A House In 2023: A Step-By-Step Guide

Savings Corner

This year may go down in real estate history as the year of correction. Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Get started: Contact several local real estate agents and talk with them about your needs before choosing one.

article thumbnail

Selling Your Investment Property?

Prairie Eco-Thrifter

Some of the costs you may encounter in a real estate transaction can be quite expensive. Here are some examples. Real Estate agent commission : Negotiable! Real estate is subject to yearly taxes by the county. Heck, I made less on the deal than Uncle Sam did! Selling Costs. Home inspection.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unintended Consequences

Prairie Eco-Thrifter

Examples of unintended consequences. The intention was to get some extra money and get the real estate taxes paid. This caused the home to be condemned as unfit for human habitation and the real estate taxes not to be paid. Identify possible actions to deal with the potential negative consequences.

article thumbnail

Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

From the days when front-running involved actual running to the “Victorian Internet era” brought on by telegraphy, we can learn a great deal from looking back at a simpler era.” Real Estate. History repeats and informs in market technologies. ” Financial Planning. ” Investing.

Money 133
article thumbnail

Closing Costs Calculator – NerdWallet

Savings Corner

Closing costs are fees you pay to finalize a real estate transaction. When you finance the purchase of a home, for example, they include the cost of the home appraisal and home title searches that lenders require. Calculate your closing costs What are closing costs? How much are closing costs?

article thumbnail

23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

For example, language teachers and stock-picking advice may use this model. You’ll arbitrage the difference in your purchase and sale prices, and may be able to build a following of individuals who track your deals. Real estate investments can also help diversify your portfolio, helping to smooth your returns.

Money 52
article thumbnail

Save Money – Develop Important Home Owner Skills

Prairie Eco-Thrifter

To get the best deal when buying your house, you have to negotiate. Dealing With Government Entities. Dealing With People. As an example, last year I learned the importance of keeping our AC filters clean. you own real estate, you have been, or someday will be, confronted with. Negotiation.