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Tag Archives: realtors

Why Real Estate Investors Continue To Make The Same Mistakes Over & Over Again?

Why Real Estate Investors Continue To Make The Same Mistakes Over & Over Again?

Due Diligence Will Reduce Mistakes For Real Estate Investors

Any time of day you turn on your television you can find several infomercials or shows which depict investing in real estate as an easy path to riches and wealth.  Every day you get in front of your computer screen you will run across ads and coy and clever marketing programs which also suggest that you should quit your job and begin a high-powered career in real estate investing.  The truth is that real estate investing, like every business requires significant education, due diligence, and perseverance.  Importantly, most new real estate investors make many mistakes along the way which are sometimes avoidable, but do help with the education process and learning curve.  Here are some very important topics which you need to become familiar with before you begin your journey down the path to real estate investing.

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Look Carefully At A Home’s Square Footage – It Might Not Be What You Think It Is

Appraiser 2 RE

If You Are Buying A Home Just For It’s Square Footage Think Again

How does the real estate marketplace calculate and represent square footage of listed homes in marketing materials and in the multiple listing services?  To be honest there are several common practices and it is quite possible that a home might have two or three square footages which are all close, but not the same.  Some people may include the garage square footage, some may include the basement, some may include unpermitted covered patios, and others may not include any of those areas.  To compound things there is no standard by which the entire real estate community utilizes, thus there will always be some ambiguity and lack of clarity as to the precise square footage of a home.

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