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    365 Rules about Real Estate
    365 Rules about Real Estate
    365 Rules about Real Estate
    Ebook72 pages59 minutes

    365 Rules about Real Estate

    By Keith Marshall

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    About this ebook

    All you need to know about buying and selling residential real estate. This book is for first-time homebuyers, first-time home sellers and people relocating from one neighbourhood or city to another.

    LanguageEnglish
    PublisherKeith Marshall
    Release dateApr 25, 2013
    ISBN9781301800025
    365 Rules about Real Estate
    Author

    Keith Marshall

    Notable blogger Award winning realtor Author

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      Book preview

      365 Rules about Real Estate - Keith Marshall

      365 Rules about Real Estate

      By Keith Marshall

      Copyright 2013 Keith Marshall

      Smashwords Edition

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      Table of contents

      Introduction

      36 General Rules about Real Estate

      27 Rules about Buying Real Estate

      37 Rules about Neighbourhoods

      14 Rules about Realtors

      47 Rules about Contracts, Offers and Negotiations

      11 Rules about Mortgages

      5 Rules about Home Inspections

      36 Rules about Condominiums, Pre-construction and New Homes

      17 Rules about Moving

      10 Rules about Getting Ready to Sell Your Home

      45 Rules about Selling Your Home

      11 Rules about Open Houses

      21 Rules about Selling Your Home Privately

      12 Rules about Contractors and Handymen

      15 Rules about Home Improvements and Maintenance

      3 Rules about Attics

      2 Rules about Electrical Services

      6 Rules about Fences and Decks

      6 Rules about Furnaces and Air Conditioners

      2 Rules about Roofs and Windows

      2 Rules about Yards and Pools

      Introduction

      About Me

      My name is Keith Marshall. I am a real estate agent serving Kitchener Waterloo and the surrounding area of Waterloo Region in Ontario, Canada. I write about real estate issues affecting first-time homebuyers, first-time home sellers and families relocating from one neigbourhood or city to another at www.keithmarshall.ca.

      My goal, both when helping my clients and when writing this book, is to take the stress and mystery out of the home buying and selling process by helping people understand homes, schools, neighbourhoods, and the business of residential real estate.

      What This Book Will Do For You

      I hope this book give you some valuable insight into the world of residential real estate and give you the knowledge and confidence to make good decisions.

      Contact Me

      If you are relocating to Waterloo Region or are considering a move within the region, please contact me through my website www.keithmarshall.ca. All questions are answered quickly and with care. Your comments and questions are welcome.

      36 General Rules about Real Estate

      Rule #1: Rules are made to be broken. This is the first rule of 365 Rules about Real Estate because there are no hard and fast rules. Nothing is carved in stone. Nothing works all the time. There is always a situation, a contradiction or an exception.

      Rule #2: Be rational, not emotional. Buying or selling a house can be a very emotional situation. For buyers, don’t fall in love with the house and just have to have it. In some neighborhoods, a similar (or nearly exact) house is just around the corner and might come onto the market next week. If you’re selling a home, especially one where you’ve been for a long time, it’s hard to move on. My advice: move on.

      Rule #3: The value of a house is set by the homebuyer, seller and the market. The appraised value, the listing price, the average house value in the neighborhood is not the value of the house. The true value is what the house sells for. Price and value are not the same thing. Most of us focus on price, not on value. What really matters when buying a home is searching for value.

      Rule #4: The location and neighbourhood affects the value of your home. Depending on needs and wants, a good location can be: close to a major highway, close to work or near schools, amenities, and parks. It’s better to buy a bad house in a good neighbourhood than a good house in a bad neighbourhood. Similar houses can be tens of thousands of dollars different in value, depending on their neighbourhoods.

      Rule #5: The condition of the house and property affects the value. Curb appeal, renovations and updates, condition of the roof, age of the windows, and the landscaping are important. Buyers often have a lot of houses to choose from. Sometimes, it’s a little thing that may knock your home out of the game.

      Rule #6: The economy affects the value of your home. Low interest rates lead to higher house prices. But when the market gets overheated or if there is an interest rate increase, the market can stall or prices can drop. The housing market is huge and it doesn’t change course over night.

      Rule #7: Real estate is local. What’s happening to real estate in another part of the country or another part of the world has very little impact on what’s happening locally. Even within the same city, house prices rise and fall at different rates in different neighbourhoods.

      Rule #8: Statistics lie. Newspapers love to report on statistics.

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