So you’re considering buying a home and you’ve got it all planned out: a four-bedroom home in the top local school district and your favorite neighborhood including a manicured lawn, a finished basement with a theater room and—why not?—an outdoor kitchen. Slow down… one of the first steps in buying a home is to clean up your credit score, also called a […]
Have you noticed there is a new push for downsizing the way we live? Homeowners are realizing that “living large” doesn’t always mean bigger is better. In fact there are many benefits to downsizing to a smaller home. Whether the decision is voluntarily are you’re forced to move for job relocation or other life event, […]
Taking a Closer Look at the Benefits of Both Property Management & Self-Management Most property owners get into the rental property business to boost their retirement savings, replace their nine to five job, or to simply increase their income. And, to say that most property owners want to do this passively is an understatement. The […]
Most consumers, and for that matter many Realtors simply do not understand how to properly value real estate and how to effectively determine the market value of a home. Here we discuss three common valuation mistakes: Add value to a property for a bedroom Incorrectly adjusting for square footage Compare non similar style homes with no adjustment Add value to a property for a […]
Landlords should always raise the rent. The rent should be raised every year. Real estate investors shouldn’t be stumped on the question to lift the rent each year. There are too many reasons that you can’t afford not to do it. To begin with, you must cover your own expenses. Your costs will almost invariably […]
The thought of living on a big property with your own private wilderness may seem ideal in many ways — there’s plenty of land for kids and pets to play on, and house prices keep dropping the farther you get from a city. But if you’re thinking of buying a home in a rural area, […]
Gorgeous hardwood floors, wrought iron spindles, a center island kitchen with soft close cabinets and sparkling granite counter tops, finished basements with media rooms. These rehabbed homes aren’t always what they seem and buyers need to look past these trendy finishes and assess the condition of the structural and mechanical elements of the home as well […]
We need more houses. It’s going to take a long time until we have enough. Check out what happened during and after the housing bust that began in 2008: Single-family house construction cratered. House completions have recovered a bit since 2011, but they’re barely above the depths of the 1982 recession. Single-family home construction is […]
Bank of America Short Sales Bank of America was the first to introduce a new automated system called Equator that it is currently using to process all of it’s short sales of conventional loans (that is all of it’s non-FHA and VA loans) as well as former Countrywide loans which it acquired when it purchased the company. Equator […]
A growing shortage of lots for new homes will push up home prices in many U.S. markets. That’s the word from the National Association of Home Builders (NAHB), which says the availability of new-home lots is at a historic low. In the NAHB survey for May, 64% of home builders reported the supply of new-home […]
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