Dean Graziosi | Dean Graziosi Real Estate | Dean Graziosi Investment

Here is a list of the five best places you can buy hot real estate now. With the market currently a buyer’s market and sellers unable to move houses as much, this real estate list can help you choose a great place to live.

The first hot area to buy real estate is Austin, Texas. Why is this a hot real estate area?

Austin is a beautiful place to live. If you have lost your job you will be happy to know that Austin, Texas, had a 14.1% of job growth in the year 2010. You may want to apply ahead of time to find a job before moving. If you are into a tech career there are more then 2000 tech companies in the capital of Texas. The national USA average of unemployment is 9.8% whereas Austin, TX is 7.1%. When looking to buy a home the average median price is $122,921. If you currently own a home, sell it and you may already be ahead with the low cost of homes here. All of these benefits make Austin a great place to live!

Another one of the hot areas to buy real estate is Broomfield County, Colorado which is located between breathtaking Denver and Boulder. In this area you will find jobs galore including high tech jobs. In the last ten years jobs increased by 50%. Average median home price is $239, 000. Get skiing and hiking in Colorado now!

Looking for someplace warm to buy hot real estate? Check out Deerfield Beach, Florida. The median home price is only $89,400. Enjoy a home with a view of the beach. Imagine waking up every morning, grabbing a cup of coffee and relaxing by the beach.

If you are looking to retire and find a new piece of real estate check out Durham, North Carolina. The median home price is $174,900. Enjoy as many of the one hundred plus activities the Duke University has to offer seniors. You can also enjoy your golden years playing golf, seeing Broadway hit shows as well as concerts and stay young hiking.

On the opposite spectrum if you are looking for a hot piece of real estate to buy and raise your children check out Woodbury, Minnesota. In this area of Minnesota the schools are phenomenal. Plenty of jobs await at 3M and the state government. Enjoy the wonderful lakes for swimming, fishing and boating. Other fun activities include winter activities such as snowmobiling, snowshoeing, making snowmen with your kids, sledding, ice skating, etc. You and your family can hike, enjoy the grassy parks and biking. There is never a dull moment. Median home price in this hot real estate area is $245,000.

The fifth best place to buy a home is Madison, Wisconsin. You can choose to live in Madison or buy a hot piece of real estate rental. There is so much to do in Wisconsin’s capital including many sports, cultural events, affordable housing, one of the top rated colleges, shopping, variety of restaurants, four season activities and so much more. The average median home price is $199,900.

With a little research and help from a real estate agent you can find the best place to live for your current situation. Start living the dream now.

Lease options are one of the most popular real estate transactions in today’s market.  Why?  Not only are they relatively easy to find these days, but they are in most cases, a win-win situation.  However, most real estate investors know that you must be prepared for the worst.  Things definitely have a way of coming back to haunt you if you are not prepared and avoiding these costly mistakes should be as important as securing the million dollar deals.

First and foremost, you MUST be certain that your real estate investment is protected.  With a lease option deal, there are three ways that you can do this:

·         Above and beyond your signed contracts, you should always record the option and file it with the proper county.  If you get it signed in front of a notary you can file it with public records.  This simply makes it a little more difficult for the seller to sell the property out from under you without further investigation and compliance.  It doesn’t create a lien in the true sense of the word, but it makes your interest in the property known and on paper. 

·         When entering into a lease option contract, you would be wise to make sure that the deed is put in escrow.  While it may not be likely that the seller of the property will disappear, if they do, you will have no one to sign the deed.   By putting the deed in escrow, you put a third party in the mix so that when you are ready to exercise your purchase option you can go directly to the agent for the deed.

·         The last thing you can do, and perhaps the most beneficial, is to record a mortgage.  In most cases, payments are recorded on a promissory note.  A mortgage can be recorded for any real estate agreement.  By doing this, you become a legal lien holder, just like a traditional lender.  This gives you the advantage should a seller try to back out of any deal.