You have finally found the house you want to make an offer on. However, there is a catch: showings don’t begin until Thursday and offers will be presented on Monday at noon after the open house on Sunday. You can assume that there will be multiple offers presented, but you know you must have this house. With the spring market, just around the corner, it’s important for buyers to be informed on the fact that bidding wars may ensue. Here’s how to be prepared…Have your pre-approval letter ready.
This is where having a great lender will come into play. I would have your pre-approval letter in hand and ready to go. Don’t wait until the day you are [...]
Are you thinking about taking on a renovation project? Renovating a space in your home, or perhaps a whole house can be an exciting but challenging task. There are many factors to consider when deciding how to proceed: the scope of the project, timelines, and of course – the budget. An important aspect of approaching any project is to be flexible. With any renovation or home improvement, there’s a chance something could go wrong, cost more, or take longer than expected. Leave some wiggle room in your initial budget projections to account for situations that may come up!
You should also take into account which projects will yield the greatest return on your [...]
Cities are energetic and diverse cultural centers all across the world. Living in the city may not be for everyone, but there are certainly some universal observations and benefits of doing so. What makes city living so exciting and convenient? Here are just a few common reasons.Culture
Cities are vibrant, thriving centers of culture that offer a wealth of opportunities to engage in and experience the local community. You’ll find a ton of great options to choose from: restaurants, art galleries, museums, theaters, concert venues, clubs, festivals, parks, etc. There’s certainly no shortage of activities that can match your personal interests or hobbies and allow [...]
While it may be less expensive to initially rent rather than purchase; explain to friend, family member, or colleague that building equity in a home outweighs the money they save by avoiding homeownership maintenance. A rental deposit may be less than a down payment but statistically, a renter pays more on a monthly basis than if you were to own. Equity pays off (and pays out) in the long term and helps them reach their long-term housing goals. According to an article from risingrealty.com using a survey of consumer finances, the average homeowner who has an annual income of $30,000 to $49,999 has a net worth of $126,500 compared to an [...]
We all hear the various infomercials, commercials, and programs to sell you on real estate investing, but what does it mean to invest in real estate? A real estate investment can be a simple rental property, a renovation (“flip”) or something more complex such as a 401k real estate Investment. Just like any typical investment, real estate investments fluctuate with the market. The market can be influenced by such factors as housing trends, politics, and the economy. While it may always sound like a good idea to invest in real estate, it is imperative that you educate yourself on the current market conditions as well as the risk involved. One of the more common investment [...]
2016 was a prosperous year for the housing market with interest rates at record lows that had not been seen since the 1950’s. Appreciation values exceeded expectations and we are finally beginning to see light at the end of the housing recession tunnel. Also, more millennials became homeowners with the FHA first time home buyer grants and the incredibly low-interest rates mentioned previously. With that being said, here are some Real Estate trends you want to take note of for the year ahead:Home prices will continue to rise
2017 will have similar appreciation like 2016, however, it will be more gradual. According to a recent Forbes article, there will be around a 5.3% [...]
Real estate crowdfunding is a new trend that’s opened unlimited possibilities for investors across the world. New inventions through Kickstarter, t-shirt fundraisers through Teespring, private donations through GoFundMe, and a ton of charitable giving for a plethora of causes. However, the real estate market is one industry that has been relatively impenetrable for an entry-level investor. That is… until now. The Jumpstart Our Business Startups (JOBS) ACT removed many of the barriers that existed preventing your entry-level investor from “jumping” in. It’s changed the game by allowing for properties to be marketed publicly, increased the amount of [...]