Why most Lenders Use Gross Income instead of Net Income

It might not seem logical that most lenders use your gross monthly income when deciding affordability instead of your net income, the money you actually take home. In the end, it’s the take-home pay you will use for your monthly expenses – this will include your mortgage.

Some Reasons why Lenders use the Gross Income

Foremost, it’s widespread. Most mortgage companies use the gross monthly income to analyse the debt-to-income ratio – and consequently affordability. Like this, everyone is using the same procedure and it is much easier to compare the loan that was offered. Of course, there are exceptions, a few loans do take monthly expenses into consideration.

Another reason is this, it’s a number that most clients know. Calculating the net income with taxes and other deductions is complex and can vary every month. Gross income is steady and easier to calculate monthly. It would be too work intensive for mortgage companies to adjust their loan programs for each person’s exact overheads.

Also, another factor that has to be considered is that when clients are asked to proof their income for their loan application, the last two years of your tax declaration is needed along with recent income statements. The gross amounts on those should align with the documents from your revenue office. As those documents will also show the gross income it is just a lot easier to use those numbers.

Thinking to buy real estate?


If you’re thinking about buying some real estate and want to know what you might qualify for, there are many websites out there where you can get a first idea. Just keep in mind to enter your gross monthly income. By visiting a few you will be able to find out what will be a good option for you.

If you are looking for a real estate bargain, check out our property listings at https://www.all-real-estate.com/property-list/for-sale

You may even be able to find a home that is so cheap that you not even need a mortgage. Does this sound intresting? Then visit our partner site https://www.propertyunder20k.com/ where you can find real estate for sale for less than 20,000 EUR.

Image: Image by Gundula Vogel from Pixabay

From fixer upper to cosy home – 10 practical tips

Fixer upper to cosy home, or better, how to purchase an old, inexpensive, run-down house and turn it into a gorgeous property everybody loves.

It doesn’t matter if you are planning to purchase a fixer upper to turn it into a home for yourself or if you are planning to make some money in the resale afterwards – you will definitely benefit from the following tips to get you through this challenging mission.

Fixer Upper to Cosy Home

The idea is simple, you buy an old building in need of repairs for a great price and a few buckets of paint later it has become a dream home. There are so many tv shows out there where exactly that happens. Of course, it all looks so easy. In reality it is not as simple as it looks. To turn your renovation project into a success lets look at a few areas that need to be considered.

1 Buying the right house

It all starts with picking the right building to start with. The biggest or cheapest real estate is not necessarily the best choice. You have to consider several factors here, especially if you are thinking to sell it after you’re done with it. What are the prices in this location for a home in a good condition? How much will the renovation cost? Is there a lot of demand for houses in this location with this size? To answer these questions, you might need to make a bit of an investigation and talk to a few people. After making all your maths you will see beforehand if it is actually worth it to jump into this venture.

Getting the right project for YOU is the key here. A house that fits in your budget and skills. This is not only the first but the most important decision you need to do.

2 Getting professional help

Unless you are a professional yourself it is always worth it to have some expert by your side to help or to guide you. If you don’t want to get a contractor for the whole job to save some money, you might be able to use him just for some stuff that you find more difficult. This will take some pressure out of you and you can be sure it’ll be a job well done. While you leave those difficult parts to someone else you can concentrate more in the other things that need doing. One thing is for sure, there is always more to do!

A lot of renovation works are not that complicated. It is amazing how quickly one can learn the basics by watching some YouTube tutorials.

3 Planning and Research

With careful planning and some research, you can guide your project in the right direction. This is of course, if you like to make changes to the layout of the house. Best would be to consult with a realtor to see what the clients usually like or dislike. Find out what they have on their wish list and think about a wow-factor you can add to your home. This can make a huge difference in the end.

Just as an example. If your project is in a hot climate, homebuyers might really love to have a pool in their backyard. If you are able to add one for, let’s say 10,000, but in the end, it will make your real estate be worth 20,000 more because of that, it’s totally worth it.

4 Get your hands dirty

You can save a lot of cash if you are working on your own house. There are so many things that are easy enough to do, even if you are not a handy person.

If you belong to this rare specie that can’t even put a nail in the wall, still there are many things you can do. For example, there is always cleaning up to do and often workers can tell you how you can prepare some works for them. This will make their jobs easier and as a result save you some money.

5 Shop around

When it comes to using the right materials for your renovation project it is always worth to shop around for special offers or to find out if the DIY shop offers discounts if you buy a certain amount.

6 Don’t hide – be open about your plans

Keeping an open communication with the neighbours and passers-by is a great way to find a buyer or tenant. Don’t underestimate the power of the word of mouth.

A construction project usually triggers a lot of interest with the neighbours. They all like to know what’s happening and who is going to move there. They might just know the right person who wants to live in your house once its finished.

7 Decorate wisely

When it comes to choose the right colours and decoration it is always good to get a few opinions. Especial value those of people who are usually dealing a lot with home buyers and tenants. Often it is a good choice to keep it simple/neutral and just set a few highlights.

8 Set a budget

When it comes to your budget, be realistic. Doing your maths is one of the biggest challenges and nearly impossible to get it 100% right. Therefore, don’t plan to spend your last penny, always keep a buffer for unexpected costs.

9 Time

When it comes to time, I never met anyone who could stick to a certain time frame when doing his own renovations – except in tv shows. I believe usually time is estimated very optimistic. Therefore, don’t be disappointed if you can’t finish in a certain time frame. Depending on the scale of you project it is always good to give a few days or weeks extra in case something takes more time than expected.

10 Stay positive

Yes, sometimes a positive attitude can make all the difference. Keeping your spirits up can give you the motivation you need to get the job done: turning your fixer upper into a cosy home.

How My House Project Helped Me to Escape the COVID Insanity

While social distancing is strongly encouraged—and you should stay home if you can—you have the time of your life. Or haven’t you?

Articles about how wonderful this time at home is, are popping up like mushrooms in autumn. You hear how you can find new passions and hobbies like painting, reading, baking, cooking etc. It all sounds really lovely, just like great holidays at home. How cool is that!

Expectation vs Reality

Reality sometimes paints a very different picture. While others become master chefs, you might not even have any appetite. Or while others are proud how they have parties in zoom with family and friends you may just wish to be left alone finding this peace you so desperately long for. Seeing all this happy people at home made me wonder, why is it so damn hard for me?

Although I would generally consider myself mentally healthy with a stable family life, I found the new situation very challenging. This was for many different reasons. And that’s it really. Everybody of us is different and copes with this new situation during COVID in a different way.

Keep Yourself Busy with the Right Thing for YOU

One factor for me was that I had not much to do at home where I could really find my inner peace. Being at home with all the family all the time can get on your nerves a little, especially if you weren’t used to it. This is even worst if you have no space to escape to. For example, if you have just one bedroom—of course shared with your spouse—that functions also as office for both of you.

What saved me was something I noticed even before the COVID. It has to do with retired men in my region who worked in construction. Strangely enough, after they retired, they keep seeking work for themselves. They even offer their services at a very low price. I could never understand why—after a life of hard labour—you still want to work more. But now I do.

I have a thing in common with those retired men. I love to work and I always enjoyed working with my hands. Working in construction gives me the feeling that I create something lasting. Also, physical activity is proven to be very beneficial for your mental health.

Physical Activity Is Good for Your Mental Health

When you hear “Physical Activity” the first thing that comes to mind is doing some sport—working out in a gym. But working in construction gives a fair amount of exercise too. Fact is, working hard makes me happy. This gave me an idea. 

My House Project

Fortunately, I live in an area with a number of uninhabited run-down houses in the neighbourhood. Therefore, it was easy to find a cheap house for sale. I was able to buy one for me that I can renovate now in my own time, all by myself. Not only is this incredible rewarding but I can also go there whenever I need some alone time. It has given me a completely new feeling of freedom—something I lost during the COVID.

My house project also helped me to learn lots of new things. Before doing something fresh in the house I always watch some “How to” movies on YouTube. It’s incredible how creative people are. This is definitely contagious.

Not Only a Personal Achievement

My House Project hasn’t gone unnoticed in the neighbourhood. I got a lot of positive feedback from the neighbours. As much as my house project has benefited me personally in this critical time, I’m still looking forward to profit from it financially. Once finished I’m sure I can sell it for a good price.

Looking for your own House Project? Find it on www.all-real-estate.com

Images: (1) Image by Alexas_Fotos from Pixabay (2) Image by 272447 from Pixabay

More Sales – Real Estate Turkey COVID-19

Turkey seems like a good investment for real estate as it is a country where the property and construction sector is very dynamic. Despite the COVID-19 situation we have seen an increase in people looking for houses and apartments for sale in Turkey. This is a good sign.

Seeing that, we made some further investigation on this topic.

Advantages for Foreigners to buying Real Estate in Turkey

Not only is Turkey famous for its breathtaking beaches, outstanding hospitality, yummy foods, and fantastic weather but it comes with a whole bunch of other advantages. If you buy a house in Turkey for at least 250 thousand dollars as a foreigner you and your family will have the right to Turkish citizenship within six months This means, you can do both: make a lucrative investment and become Turkish citizen by purchasing real estate in Turkey. But what really hit many by surprise was the excellent response to the pandemic. For sure this had a huge impact on the positive development regarding the property market.

Real Estate Turkey COVID-19

I read a few articles about how well Turkey handled the COVID-19 crisis. Some measures have proven especially successful with foreign investors who could still enter the country. Starting with a full health insurance for travellers to cover medical costs in case of COVID-19 infection for as little as 25$ up to a web application where you easily can apply for all papers needed when making a property purchase. This makes it easier than ever to travel and shop around for some good real estate in the sun.

Web Tapu

First of all, TAPU is a document confirming the right of ownership to the attained real estate in Turkey. It confirms the transaction and only after it is received you are recognized as the full owner of the Turkish property.

Web Tapu basically means land registry on the web. Here you can apply online for many procedures needed to buy a real estate. This is the best answer to any possible Real Estate Turkey COVID-19 problem.

In the Web Tapu Guide it reads:

“It is now implemented as an electronic system allowing the foreigners, who have a foreigner ID no, to manage their real estate in electronic environment without having to physically visit the directorate of land registry and to apply online for 46 different land registry procedures, such as sale, mortgage and transfer, to send information and documentation necessary for the procedures in safe online environment, to verify their documentation and to authorize third persons or real estate agents for these purposes. Web tapu System will very soon be available in 6 different languages (English, German, Russian, Arabic, French and Spanish). “

Thinking to buy property in Turkey?

Are you looking for your perfect home in the sun, or just a good investment?

You can find real estate for sale in Turkey on: https://www.all-real-estate.com/properties-by-country/turkey

How Homes will change after COVID-19

Homes will change due to the Covid-19 pandemic. We can say this because every pandemic in the past had an impact on our way of living and resulting in a change of the traditional layout of homes.

In this pandemic therefore it is worth to consider how home layouts might change in the future – especially if you are planning to build, renovate or buy a house.

How pandemics have changed house layouts in the past? How pandemics lead to improved living conditions? Let’s look at a few examples.

How homes changed after pandemics

Cholera

Did you know that the Planning for Central Park began in the immediate aftermath of New York’s second cholera outbreak? Frederick Law Olmsted whose first child had died of cholera, was one of its landscape architects. In his writings he often highlights the importance of large open places to allow individuals to breath fresh air, enjoy the sunlight, and in his writings we can read how the air could be ‘disinfected’ by the sun and foliage of the trees. He went on to design more than 100 public parks and recreation grounds all across the US.

The cholera outbreak had an impact in many cities all around the world, especially in the area of developing better sewage systems. By doing so, having an indoor toilet became possible for many households. Yes, you read correctly, the bathroom as we know it today is a fairly recent addition to the traditional home layout.

Tuberculosis

Although Tuberculosis has existed since ancient times it caused widespread public fear in the 19th and early 20th centuries as the illness became common among the city’s poor populations. Many sick people were sent to sanatoriums where – beside a lot of rest, high altitude, and good nutrition – the biggest emphasis was put on a lot of fresh air. Some believe that even modern architecture was inspired by the 20th century obsession with Tuberculosis as the spaces of the sanatorium gave rise to the clean, sleek shapes of modern buildings with big windows for fresh air and sunlight.

Spanish Flu

In the 1918 influenza pandemic the great importance of sunlight and fresh air was also identified. That was the reason why radiator heating became popular in cities after the 1918 pandemic. Especially those that overheat! A lot of emphasis was put on sufficient ventilation to battle disease and this pushed engineers to design steam heating systems – some of them still overheat apartments today – so anybody would still open their windows even on a freezing cold winter day. 

Covid-19

The conclusions we can take from all of the above is that we need to live in a space that is not too big – so we are able to clean it quickly, easy and regularly – at the same time we need sunlight and as much fresh air as possible.

At the same time, we need more space to be able to have a bigger distance between people and to allow enough private space for each individual. Especially if you have children, they need space to play and jump around in case they are not able to go out anymore. A big backyard scores big these days.

How homes will change – What we have seen so far

So far, we can see that buyers look for bigger as well as smaller houses – depending on if they are single people or families. Also, we can see a jump in self-sufficient living – at least partially. People lean more and more in the direction to became a bit less dependent by growing some food in their balconies and backyards, installing solar panels or digging their own well if they can.

Unfortunately, the covid-19 pandemic has complicated our life’s and even traumatised some of us. But it is also a lesson for us to learn how we can improve our way of living. It is thrilling to watch new ways and inventions people come up with to tackle this challenge.

If you are looking for a new home have a look at www.all-real-estate.com. Let us know in the comments below what do you believe would be a great home improvement these days?

Image: Image by Peter H from Pixabay

Buy and Sell Digital Property

That’s right, not all properties are made of bricks and mortar, these days, properties can be made with zeros and ones as well.

In many ways digital property is just like real estate, that’s why some even call it digital real estate. You can buy or sell it just like a house a flat or land.

In the light of the pandemic, digital property has skyrocketed in popularity – and it makes perfect sense. With many people either out of work or working from home having an online business seems the obvious solution. But what exactly is digital property and how can you earn money with it?

What is Digital Property

Digital property basically includes all sorts of data– anything you could have in a digital format. Data are the files that are saved on and used by computers – such as text files, pictures, audio files, movies…etc. In most cases those files are saved remotely and accessed over the Internet. Some examples of digital property are: websites, blogs or YouTube channels.

In this article we will focus on digital property that – similar to real property – can generate income for you.

How digital property is generating income

There are many different ways to earn money with your online business. The most common and easiest ways is to earn money from ads that are displayed on your website, blog or YouTube channel. In this case you would allow a third party to display ads on your website, blog or in between movies that you have in your YouTube channel. Usually you will be paid every time a visitor clicks on these ads.

It is very easy to apply for it, but some advertiser would only agree to display ads once your online business has a certain “popularity” or better if it has more than a specific number of visitors per month. The most popular “Pay Per Click” Advertising is through Google AdSense.

Other ways of monetizing your website/blog/channel would be the following.

Affiliate marketing/links

You recommend a service or product to your audience and provide a link where they can purchase it. Once they do so you get a share of the sale.

Sell your own product, ad space or service

Of course, you can sell advertising space directly to brands if you like. Or you could have your own online shop or sell a digital product… there are many possibilities.

Flip your website

You can create an income generating website and then sell it.

How to get a digital property

There are two ways to get your hands on a digital property: you either create it yourself (maybe with some help of a programmer, web designer or a nerdy friend) or you can buy it.

There are great marketplaces out there where you can snoop around to find a good deal.

The value of an online businesses has its own way to be calculated. Depending on the monthly income, age and how stable the income is, as well as how many visitors you have. The average monthly income will be multiplied by 12, 24 or maybe even 36. Best is to leave this to the experts who can also verify the information given by the seller. This again can be compared to buying or selling real estate. There are agents out there that will guide you through the entire buying/selling digital property process.

These agents have the means to verify if all the numbers ad up and if the digital property you are interested in is genuinely what is being advertised. They will also help you to pick the right digital property within your budget, expertise and amount of time you can dedicate to it.

From our own experience, one of the best digital property Marketplaces out there is Trustiu – if you want to buy or sell a website, blog or YouTube channel this is a great place to start. They have a dedicated team of experts ready to help you buy or sell your digital property.

Conclusion

Earning money with your own online business is a great way to support yourself from the comfort of your own home. It is not as difficult as it seems – anyone can do it.

Image: Image by Gerd Altmann from Pixabay

Working from home? No, working from Paradise!

Working from home has become the new reality for many of us in the past year. Many found themselves in this very new and – no doubt – challenging situation. Depending on the circumstances of each individual it could mean to either be alone at home or to find a quiet corner in your busy family home. Both situations come with their very own set of problems as well as advantages.

I found myself in the second scenario. The bedroom became my office as well as my husbands’. In each video conference we hoped none of our children would storm in to scream out the latest mischief one of her siblings did… To tell a long story short: I believe many of us homeworkers wished for better working conditions.

Buy a covid friendly home

Buying a new home that better suits our needs in this time definitely crossed our mind. Looking at all the complications though, made us soon realize that it does not seem to be a good time for that, not just yet.

I saw many articles popping up about covid friendly homes – meaning it is NOT friendly to the actual covid virus but rather helps people to live with the new situation. There is a lot of speculation going on how such a home would look like.

Others might also suggest that soon there will be a vaccine and everything will be back to normal again – just like the time before the outbreak of the coronavirus.

Another thing to consider is that your house might not be worth what it used to be due to the financial impact the pandemic had on the real estate market.

Therefore, it might be a hasty move to sell your home and get another right now.

What you can do

Many people did not go on their annual holidays abroad this year out of fear or due to complications, such as needing to be quarantined when they return to their home country. But what if you would get the chance to combine your holidays with your new working from home situation?

Speaking with many who worked from home even before the spread of the covid, you can be free to choose where you like to live. This is fantastic. I know some who choose really nice places where real estate is very cheap. They were able to keep their costs of living down and at the same time live in a great location.

If you like to get an idea where it would be very cheap to buy a house have a look at this map:

https://www.propertyunder50k.com/map_view.php?

Paradise Guaranteed

I recently came across the Barbados Welcome Stamp – basically it is a special visa for remote workers who want to work and live in Barbados for 12 months. So, if you are looking for a change and you like to try another country for a year why not have a look?

Looking to buy, sell rent real estate? Visit www.all-real-estate.com

Reasons Why You Should opt for Rent to Own Homes in Toronto Programs

Moving into a city that stays awake round the clock is pretty intimidating for many of you. The vibrant city has a lot to offer you starting from its food festival, sports events to everything that you need. You will get to live the life that you always dreamt of. Also, the diverse culture offers you an open book filled with pieces of knowledge from various parts of the world. If you’re planning to move into this city with a population of over 6 million denizens, you should plan it strategically. It’s because if you’re thinking of renting a home there rather than buying one, you should be prepared for spending huge expenses as the city is pretty costly. 

However, there are high-paying job opportunities, and several other advantages but they still require strategic planning to live here stress-free. The ideal solution would be to participate in rent to own homes programs. A rent-to-own program means that you’ll be paying rent per month to the property owner while you’re staying in the house much like a tenant. But, the best part is that a portion of your rent is paid to the landlord and will go towards your property’s down payment. So, you will be the owner of the property on a certain date in the future. 

The amount of rent in the program is decided based on the property’s cost. You can choose an exact date when you want the property to be yours. Depending on that, the rent will be fixed and every month you’ll be getting one step closer to owning the house. It’s the best option that you can consider if you’re planning to move into a city like Toronto. In such expensive places, if you plan to keep on paying rent for the rest of your life, it’s pretty illogical. However, you should be aware of a few things before moving to Toronto

Reasons for Moving to Toronto: 

By owning the property, you can secure your stay in a beautiful city. Buyers can also evade the various financial hassles that are often faced when you buy a home there in the traditional processes. It’s because it involves a lot of procedures which could be an obstacle in buying properties. So, the rent to own homes in Toronto program is the ideal option if you want to buy your dream property in Toronto. If you’re unsure of the reasons why you should own property there, let’s gaze at the following reasons, 

  • Economic Benefits

If you want to enhance your career in culture, arts or media then the city of Toronto has some great opportunities for you. It’s considered one of the powerhouses in terms of economic benefits. People get both the stability and opportunity irrespective of the field they choose in their careers. The place is replete with over 20,000 internet and tech offices including some of the leading international companies. Pretty clearly, you will get the ideal ambiance to grow your career in a brief time. 

  • Wide Variety Of Activities

Toronto is famous for its nightlife. Having a variety of museums, sports events, exhibitions, science centers, night clubs, and the place has a lot to make your life exciting. Every summer there is a national exhibition that takes place in Toronto. Also, the royal fair in the winter will make your Christmas more exciting. These kinds of activities go on for the entire year which makes it one of the busiest cities in Canada. If you have children in your family, this place will be ideal for them to experience life at its best. With the long list of activities, Toronto will never make your weekend boring. 

  • Minimal Crime Rate

If you want to live without any fear of burglary, thievery, or any kind of crime, Toronto would be the ideal place to live in. The city is the safest place in entire North America with a minimal crime rate. Even with a population of over six million, most of the places have managed to maintain their respectability. That being said, some of the places in the city have some poor reputation. That’s why you should choose a reliable provider to participate in rent to own programs to enjoy the best house listings in popular areas. 

  • Cultural Diversity

Since half of the Toronto population was not born in Canada, it makes the place culturally rich. People from various parts of the world will be there living as your neighbors which opens the doorway to know the various cultures around the world. The people here are friendly in nature when you’re in conversation with them. However, you should be jovial enough to make some good friends in the city to make the place more happening and more fun for you. 

Author: Eernesto T Felder

10 Useful tips in beautifying your small studio apartment

Tired of the old look of your apartment? Well, there are many ways to make a small apartment blossom. All you have to do is do some digging and find the right thing which will suit your place. Though small apartments have space issues, if you utilize everything in the right way decorating your apartment can turn into a fun activity and build something useful yet pretty! Here are a few tips which you can apply when you plan to create your little space even more pretty and beautiful.

  1. Start by defining different areas of your house

There is a possibility that you have a living room, a kitchen clubbed all together. By separating each area with the other, you create more space and the house looks different! You won’t feel that this is one entire portion. A bookshelf or a high rack can separate two different areas well and if not racks then you can add a dining table or some curtains also.

  • Multiple-use furniture

This kind of furniture is one of the most trending items on today’s date. People love to have those things in their house which serve not just one purpose but more. Tables that can serve as an iron table as well as a dining table, Stools which can be used for sitting and can easily be clubbed into a small cubical to save space, a sofa which can also serve as a bed.

  • Choose vertical storage ideas

Choosing to switch to vertical storage than horizontal can help you in two ways, it looks good and more spacious. You will find a lot of space empty when you choose to go vertical and the best part about it is that you won’t even compromise with storage. Vertical storage items can in fact help you gather more storage.

  • Old junk makes the best decoratives

If you are willing to empty your pockets on decorative items, then we want you to know that you already have a lot of them. Old items which are not of any use like old CD’S, jewellery, books, and even furniture can turn into great decorative items. Search for the best DIYs and you will know what wonders you can create.

  • Stay well organized

The organization is the key to success! No one likes a messy house after all. Just make sure that everything is placed after use and most importantly everything has a place of its own. If you do not define your things, then obviously it won’t look pretty and decent. Make sure to keep everything organized and well maintained. Cleaning the dust from your house regularly will also serve as a factor here.

6. Make every space count

When you have a small studio and want to make it pretty and elegant, you have to make sure that you utilize every bit of the space very efficiently. Our main goal is to give the room a beautiful look as well as make it look spacious. We do not have to make the space overcrowded but useful in the best way possible. If you have a fireplace and find it of no use, you can think of an innovative way to decorate it well or even use it for storage! So, start thinking about which corner of your house needs a makeover.

7.  Keep an eye on the color palette

Color combinations and schemes matter a lot when you are trying to bring everything in harmony. Make sure to utilize colors that are complementary with one another especially when you have an open space apartment. You can always go with one family color and follow the shades or go along with colors that are matching with the main shade you choose. Avoid using dark shades in small spaces, as it will make your space even smaller. Using shades that are light can make your room look big and spacious.

8. Put those beautiful coffee tables to use

Coffee tables can be used for a lot more than you think. Those big coffee tables can be used in the living room and also as a bookshelf! Didn’t get it? The best way you can utilize the coffee tables is by piling up the books on it and keeping it aside with your couch or use it as a pretty table for bedside purpose. The best way to use things efficiently is to put everything to work and avoid buying extra clutter which will be useless once you shift to a different place.

9. Use of carpets to define zones

The best way to define zones and make it look different from the other is by using a beautiful carpet or even two to double up! Carpet double can be so much fun, right? Just start with a basic colored carpet and then top it up with some stylish and sturdy smaller carpet. These can be animal print, furry, or even something more classy. You can always use two color combinations to define the space in a better way.

10. The use of mirrors can be very much decorative right?

If you are wondering that you have no space to fit in things in the studio, then we have got you covered. Using mirrors as a decorative item can be one of the best ways to sort things out. There can be pretty DIYs used and also if you wish to buy them, the choice is yours. If you think that you wish to decorate your walls and that art can be difficult to choose upon, then this is something which will help you anyway! You can create a painted frame for your mirror, can rope it up to make it look exquisite, the choice is yours.

In short, a small apartment needs to be simple yet pretty. Keeping things organized and clean will help you the most. You can add a few details and decorations to make it look perfect. Adding a few lighting items will not only illuminate your house but also make it look exquisite.

About the Author: Natasha Blackford is a content writing specialist who writes articles for SpeedHome and also a food blogger who is trying different things and sharing her recipes through youtube.

How to avoid Real Estate Scams

Our real estate portal can be a great way to find somewhere to rent, to buy a cheap property or to sell your house. But with any online space there’s always a risk of hoaxers being active and attempting to trick you.

With thousands of live ads at any given time, it’s hard for our real estate websites to stop every fake ad or block every fake user instantly. Therefore, being aware of what to look out for is a big help to avoid real estate scams.

What does a Real Estate Scam look like?

Real Estate scams trick potential buyers or home sellers into thinking they are dealing with a legitimate contact but it is actually a scammer.

Unfortunately, there isn’t just one method that fraudsters use.

For Sellers

So far, the only known scam on our website are fake enquiries. This means someone sends a message to the advertiser through the contact form on our website.

Once the advertiser replies to the enquiry the scammer can use his email contact to spam him with emails.

He might tell a story of “being a soldier in Iraq that likes to invest in your country” or “being the widow of president so and so who likes to move to your country with all her millions”. Stories like that definitely ring a warning bell.

We also recommend that you discontinue communications with the enquirer if he/she:

  • doesn’t want to travel to see the property or asks you to come and see him
  • wants to buy the property for a higher price than asked
  • likes to know your bank details or to wire funds via money transfer services
  • wants to pay in advance

For Buyers

As we have no way to check the authenticity of an advertised real estate, we recommend caution before giving sensible information to anyone you don’t know. This is standard online practise.

Scammers will usually pose as genuine sellers and post fake ads. That’s why they are very difficult to spot.

The ad can be for anything, rental properties or real estate for sale. Most probable, it will even include pictures and other details – maybe copied from a genuine seller’s ad.

We recommend that you discontinue communications with the seller/landlord if he/she:

  • asks for rent payments or deposits in advance
  • seller claims to be unavailable and insists on payment before you can inspect the property
  • seller is very interested to get all your personal data

Also, if you are still not sure, you can do an internet search using the exact wording in the ad, many well-known cheats can be found this way. If the advertiser is a real estate agent you can also look up his business information to see if he is legitimate.

How to protect yourself from Real Estate Scams

Being informed about possible dangers in itself is already a protection. It helps you to be cautious and to look out for warning signs.

We all heard this many times, if something sounds too good to be true, then it probably is.

We focus on advertising cheap properties for sale our website, therefore many times it looks too good to be true. But of course, that does not mean they are fake ads.

A good indicator is to search for similar properties for sale in the same location. Also see if the real estate needs major works. You might be looking at a fixer-upper. Only if the price seems far lower than the competition you may question its authenticity. Often the reason for one real estate being cheaper than others is its condition, location or legal problems.

Use a safe legal procedure to buy Real Estate

Fortunately, most countries have a certain procedure in place when it comes to buying properties.

This makes it almost impossible to go through with a Real Estate Scam until the end. For example, in many countries it is mandatory to use a notary or lawyer to deal with the sale. Even if the seller requests a deposit as a down payment before the sale, this can already be handled through a trust account of a notary.

Sticking to the official process is a simple and very effective way to safeguard yourself against real estate scams.

How to report a Real Estate Scam

Have you spotted a fake ad on our site? Please, drop us a quick message in our contact form.

Do you like to report a scam? Depending on the country you are from there might be different places that are best for you to report the scam.

Here are just a few

Australiahttps://www.scamwatch.gov.au/report-a-scam

UKhttps://www.citizensadvice.org.uk/consumer/scams/reporting-a-scam/

USAhttps://www.usa.gov/stop-scams-frauds