Anytime there's a real estate transaction, somebody is probably making a mistake.
CASH IS KING!
You make the best deals when you can buy for cash and sell for paper.
You get the lowest prices and best terms and will move to the head of the line when you're buying for cash.
If there is something better you can do with the money, get rid of the property. If there isn't anything better you can do with the money, stay where you are.
A long closing is like a free option. ALWAYS go for a long closing.
Seeing more and more REITs (Real Estate Invesment Trust) - a bit like a mutual fund that invests solely in real estate.
In co-ops if one person defaults on his mortgage, the other members are all responsible for it. Still want to buy in a co-op????
People will seldom admit that they don't really know what they are doing.
Information has always meant power.
Single-family homes and building lots are the best possible investment for price appreciation because use is unrestricted.
Ground floor townhomes usually outperform high rise condos.
The sooner you take a loss, the smaller that loss will be.