Homes for Sale: Increasing Your Odds for Success In a Tough Market

Going up against other buyers can be more tense in the best of times, but in a seller's market it's especially competitive. When there are fewer homes for sale than there are buyers in the marketplace, it gives sellers an advantage. Here are some tips to help you beat out other buyers and get the home of your dreams

Be Flexible

There's little wiggle room for negotiations when you encounter a seller with a good home and a lot of interest. If you find a home you really love, make a strong offer at or slightly higher than the list price. It's also a good idea not to make small matters like minor cosmetic problems a deal breaker.

How to Make Money in Real Estate - A Beginner's Overview of Investing

Real estate is considered to be a solid investment, even in times of economic uncertainty. It's a tangible, real object that rarely drops drastically in value. There are two basic types of real estate investments, and both have advantages and disadvantages. Here's a quick overview.

Flipping

Flipping is the practice of buying a repossessed or distressed home and re-selling at a profit. This can be a very lucrative investment if you do it right. The key is to find a foreclosure or 'fixer-upper' that's listed at much lower than the market rate and that has a sound structure. Cosmetic repairs are relatively inexpensive, especially if you're handy, and turnaround can be quick. Problems set in if you're forced to make extensive - or expensive - repairs or if you run into problems with zoning regulations and building permits.