The journey in buying a new home is what many individuals dream of but, buying a home is not always easy and many long time homeowners can attest to that feeling. Owning your own home does come with extra duties and responsibilities. One of those responsibilities is property tax.
How much do you know about property taxes? What does it do, and what do you need to know about it when buying a home? If you’re a first-time homebuyer, budgeting the property tax cost is an important first step in knowing what you can afford.
So, let’s cut to the chase, clarify some things about property taxes and answer some common questions.
What Is a Property Tax?
Let’s identify first what a property tax is. A property tax is one of the long lists of government-issued tax to all its constituents who own a property, whether it be a house, a rental property or a building. Individuals and other legal entities, such as corporations, are charged with property tax.
Retirement societies are in a continual state of change all over the world. Whether helping people who live alone, in need of assisted living or memory care, or advancing to competent care, there is regular turnover regardless of the clients they represent.
Many buyers are likely to sell their house before making the move, while helping seniors plan a move from their long-time home to a senior neighborhood. Therein lays one of the greatest challenges to be tackled by any senior group sales agent.
Being a realtor is a respected career, especially if you are able to have an appreciation for the needs of older clientele. Since many seniors have not sold a house in years, even decades, the real estate agent needs the skills to direct them through the process of home purchases, but also the ability to explain what to expect and how to overcome challenges along the way.
In comparison, if your agent already has a team of service providers who can provide their customers solutions, their relevance to the senior practitioners in the industry improves even further. One stop shop… that’s what a lot of good realtors have.
With the global pandemic causing many home sellers to put their listing on hold or to take it off the market completely, right now is actually a great time to put your house up for sale. Although, COVID-19. caused weariness, it has actually not affected the market in a negative way like many thought was possible. Here are five reasons to pull the trigger and sell your home now.
Demand is High
The market has more demand than ever right now with not less people selling and more people looking to buy. With the pandemic, many people have resisted listing their home, making it more of a challenge for those looking for their dream place. Plus as more millennials join the market looking to buy for a growing family or a young professional purchasing their first home, there is a growing demand that is just going to continue into the upcoming months.
Looking to winterize your fall decor for the changing season? Here are a few tips to help you keep your personal style while adding some holiday cheer around the home!
We all love to cozy up during the winter months whether it’s in the living room, den or your own bedroom. A great way to transition different rooms from summer to fall to winter is to add some layers for each season it gets a little colder. Quilted blankets and fluffy pillows give the room a cozy look and are great for chilly nights. Plus there are tons of fun holiday pillows that can add color and cheer to the furniture.
As we celebrate our roots and future successes, we take a look back at the history of Realty Executives and the significant times that changed our course and helped us get to where we are today.
Founded in 1965, Realty Executives is one of the largest and most established real estate franchisors in the industry. With over 500 offices and 8,000 agents, it is the only brand that is named after its people- the Executives.
1965: Dale Rector launches Realty Executives in Phoenix, AZ and creates the first ever 100% concept in real estate
Dale Rector, founder of Realty Executives and creator of the first 100 percent commission concept, had a vision unlike any other. He wanted to create a company that put people first, the agents and brokers that built the brand, not the corporate office. He saw a pattern of high commission splits and low profits for agents that he knew was not the way business should be. He set out to make a change. Fifty five years later, Realty Executives continues to innovate, thrive and adapt to the market, with Dale’s vision in the forefront. Realty Executives started as an industry disruptor, became an industry leader, and continues the legacy of the most professional and productive agents serving home buyers and sellers throughout the world.
If you’re considering putting your house on the market, it’s never too early to start figuring out what it will take to make your home irresistible to prospective buyers. Amping up curb appeal isn’t all about the outside, as making your home more marketable is an inside job, too.
When you’ve got a longer list than budget, what are the must-do remodeling projects and what do you skip?
What is an investment? For most people, it’s buying stocks and shares. However, it’s quite intimidating, given the turbulent nature of current circumstances. So if you are looking to invest, real estate is always a smart choice. It’s a physical asset, a great passive income generator – overall, a reliable revenue source. You might not have known that there are several types of real estate investments, and you should think long and hard before you decide which is the best for you.
Passive real estate investments
As the word implies, this is the type of investment where you take a more passive role. There is no driving around in search of a suitable property. Instead, there are real estate investment platforms where you can browse through the options. These platforms often function as crowdfunding websites. You will find a specific project you want to invest in. The amount of money you will put in will depend on the project and the platform of your choice. Then, your money will be put together with other investors’ money, and you will receive dividends from the projects you have invested in. Dividends will, of course, be proportionate to the amount of money you have put in.
Realty Executives is proud to announce the completion of the Realty Executives Property Expert training series.
Realty Executives International partnered with RPR® (Realtors Property Resource), a market data and analytics platform offered through the National Association of REALTORS®, to provide comprehensive training, free of charge, focused on leveraging RPR tools.
The tools and strategies covered in the educational course are designed to better position Executives as the local experts in their markets. Each session featured different facets of the real estate journey. As a Realty Executives Property Expert, an agent is prepared to tap into neighborhood statistics, school information, and market activity, ensuring top quality service to home buyers and sellers. This data-driven approach is essential for keeping abreast of changes in the market.
Realty Executives International is committed to providing ongoing, timely opportunities for their agents and brokers to grow and expand their real estate knowledge, in order to provide unparalleled customer service.
A real estate agent that works for a property seller is called a listing agent or a seller’s agent. They have a number of functions, but they can all be summed up in the fact that they are supposed to represent the best interests of the seller in all they do.
Knowing what listing agents do is quite beneficial, especially if you’re at the point of making a decision on whether or not to hire an agent to help sell your property.
This article will explain the functions a listing agent performs for a property seller.
Set a List Price
It is only logical to set a price for your property, one that you believe is worth the value of the property. Your listing agent would typically use a Comparative Market Analysis (CMA) to determine the list price of your house.
The list price would be based on an analysis of the local real estate market, its prevailing market dynamics and recent sales of the property in your area.
The COVID-19 pandemic took the world by storm this year, and it shows no signs of going away soon. It seems that, for the time being, we’ll have to get used to “the new normal”. But what does that look like for the real estate market? The virus and all attempts to stop it have already changed how we work, travel, even shop for groceries. Indeed, buying a house is going to look different in this new world too. It’s still hard to say precisely which changes are here to stay for good and which are just temporary. But one thing is for sure: the health crisis is affecting buyers in urban areas at the moment. In some ways, city dwellers looking for a real estate investment have an advantage because of this. In other ways, however, buying a home in the city right now is more challenging than ever.
There is less competition for urban properties at the moment
Before the coronavirus pandemic struck, experts predicted 2020 would be one of the best years for real estate in decades. While those predictions never quite came true, they also weren’t that far off: most real estate agents are reporting postponements rather than cancellations from potential buyers. This proves that people are still very much interested in investing in real estate even now.