Category Archives: Real Estate
Whether you are renting or buying a house, you often face similar dilemmas. One such dilemma comes when you are forced to choose between renting or buying a house that has plenty of space – both indoor and outdoor – versus one that may be in a better location.
We would all like to have a more valuable home but what if you don’t want to spend a lot of money upgrading it? The good news is that there are some cheap and effective ways of increasing your home’s value that are worth considering, particularly if you are thinking of putting it on the market soon.
Many people make it a financial goal of theirs to own their own home. This is an excellent thing to aim for and once you achieve it you will feel a high degree of satisfaction.
However, what do you do next? Do you stick with it for the rest of your life or look to sell it and move onto somewhere else before doing the same things again and again? There are a few different factors to take into account so let’s go through them one by one.
After reading through a few popular news sites earlier I couldn’t help but mention this story, especially with our blog being called Money Rebound!
Apparently the home of basketball’s all time legend Michael Jordan recently failed to sell at auction because it didn’t meet the reserve price. Jordan’s home had been listed at a huge $29 million in February 2012 only for the price to be dropped to a cool $21 million when there was a lack of interest. Now with it failing to sell at auction poor Michael might have to take a big hit on the property – which has its own full size basketball court, putting green and and chipping area – and somehow survive on just his bank balance, investments and meager earnings from his lucrative deals with Pepsi, Gatorade, HanesBrand and Nike. According to this CNN Money article he also owns his own a motor-sports team, restaurants, and holds a majority stake in NBA team the Charlotte Bobcats. How will he get by, right?
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If you’ve recently filed for bankruptcy, you’re probably thinking you won’t be able to apply for a mortgage for years to come. However, this isn’t always the case. If you’re thinking about moving into a new home and getting a new mortgage, here are some tips to keep in mind before applying.