Real estate has created more millionaires than almost any other type of investment. Yet, for many people, it still feels complicated and risky- and for good reason. Property takes more upfront money than stocks or bonds, involves a significant amount of paperwork, and requires a solid understanding of timing and market trends. At the same time, real estate offers unparalleled opportunities for passive income, appreciation, and tax advantages when you know what you are doing.
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The age-old tug-of-war between suburban serenity and urban buzz still shapes the choices of today’s homebuyers. Dreaming of quiet streets, roomy backyards, and neighborhoods where kids ride their bikes till dusk? Or are you drawn to the culture, convenience, and fast-paced rhythm of city life? For many, it’s a hard call to make.
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The way we experience products pre-purchase is changing, and we have two types of technology to thank for that: VR and AR.
When potential buyers browse listings online, high-quality photos and videos are among the first things they look for. Not only do these visuals provide an excellent overview of what a property looks like and what it has to offer, but they also offer an element of convenience as they either encourage or discourage an in-person viewing. However, with advancing technology, real estate agents can now offer an online viewing experience that transcends mere two-dimensional browsing.
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If you are searching for a new home or looking to list a property, it is important to have a real estate agent by your side. However, a real estate agent needs to exhibit several traits before he or she earns your business. While almost all agents are passionate about their jobs and will do anything to help their clients, it is important to find the right fit. This blog will help you select a realtor by listing several traits you should look for when choosing a real estate agent.
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When buying a home, a common term that will come up is “title”. Although it’s a common term, do you really know what it means or what a title company does for you and the home seller? Let’s take a look at what to expect from a title company during your home buying process.
What is a title company?
The role of title company spans across a couple different spaces in real estate, but it’s main priority is to verify the title to the property or real estate given to the home buyer is legitimate. To put it simply- the make sure all the bases are covered and the seller has a right to sell the property.
Once the verification is complete, the company will guarantee the property title with title insurance. This insurance protects the owner in the event that someone or multiple people come along and claim ownership.
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For first-time millennial home buyers, student debt, unemployment and rising home prices continue to pose formidable challenges, but, fortunately, we have agent-curated strategies — 2020-tested and approved in several hot markets — that can help turn renters into buyers for you.
1. Help Renters Think in Future Tense
Coaching clients to downsize their rent as a means of saving for the down payment, and supporting them rental-to-rental as they make their journey to a new home, might help to nurture the relationship early at the rental stage, says Ken Laroza, director of broker relations for Zillow. He advises agents look at the relationship through a five-year lens, which promises to pay off in high business volume.
Regardless of whether a millennial renter buys from you or not, chances are good that they’ll refer you if you deliver the best experience possible, says Laroza. “Millennials tend to be really loyal to those who treat them well.”
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Buying or selling a home is an exciting journey. But with so many different things to research and decide, it may be overwhelming. Especially when you aren’t familiar with terms commonly used during real estate procedures. Our experts are here to help! Let’s go through some of the most common real estate terms and what each one means for you.
Annual Percentage Rate (APR)
This phrase is mostly used for home buyers who are calculating their loan amount. Your APR is the amount of interest charged every year on the loan.
Contingency
This is one of the most used words in a real estate contract or by a real estate agent. A contingency refers to certain events that must take place in order for the contract, between buyer and seller, to not be nullified or voided. For example, a buyer’s contingency may state that the seller must replace the water heater before sale is final. If the seller chooses not to meet this requirement, the buyer may pull out of the sale.
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Often considered the most magical time of the year, winter can be a tough season for any kind of obligation. Relocating can get messy on any regular day, let alone during a snowstorm or cold day. Luckily, we have some tips to tackle some difficulties of moving during winter.
Watch the weather
If you’re relocating during winter, it’s important to watch the weather forecast. Although weather can change quickly and unexpectedly, you can try to monitor as best you can and plan to move on a day that is reporting a high percentage of no snow or ice.
Prepare the gear for moving during winter.
You can minimize all the risks by preparing the necessary gear. This mostly applies to the transportation vehicle for you and your belongings. Some things you may need are:
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.
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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.
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