Category: General
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Tesla Is Changing the Real Estate World
Not Just Cars… Tesla is visibly changing the norms for cars and their drivers. At the same time, the company is making a mark on the world of real estate. Let’s start our exploration in a city where Tesla has just opened a new factory.
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House Hacking. It’s One Way to Buy—But Know the Risks
Many people look for workarounds in an off-putting real estate market. For a lot of buyers who simply seek a decent home to own, bidding wars aren’t winnable. Shut out of a seller’s market but refusing to give in, some people are co-buying as tenants in common. And some are willing to “hack” homebuying…
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Condo Prices Surge
With Hopeful Buyers Looking Everywhere… It’s Spring 2022. We have just lived through a remarkable migration phase in U.S. real estate history. The coronavirus emergency, followed by the shift to remote and hybrid workplaces, sent many home buyers out of crowded and expensive cities, and into suburban and rural areas. Throughout the past two years,…
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One of the Homeowners Dies. What’s Next for the House Title?
When one co-owner of a home dies, what happens? Does the deceased person’s will control what’s next for the home ownership? Not necessarily. When a co-owner of real property passes away, how the co-owners vested their title is the threshold question. So, the surviving owner turns to the deed. Its language states how the property…
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Finding a Good Online Real Estate Agent
The Key to Buying a Home Online Many buyers today are entirely comfortable finding their qualified real estate agents by searching online. Buyers who know what they’re looking for can have a successful journey to homeownership with an online brokerage, saving some time in the process. Just what is it, though, that buyers would need…
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Social Media Real Estate Scams
Know the Signs Have you noticed homes for sale on the Facebook (Meta) Marketplace? Or Craigslist? Some of the listings offer a great way to spot a home. But shopping for homes online is not without risks. This year in Florida, three scammers have swindled more than a dozen people who thought they were browsing…
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The Rise of the Digital Pre-Fab Home
Smart Construction Gains Ground In San Mateo, California, tech-focused real estate developer Veev wants to turn the U.S. housing crisis into an opportunity. The state needs about three million more housing units. Veev has multiple backers, including homebuilding giant Lennar’s future-focused LenX arm. Veev says its panel construction method is faster cheaper, and eco-friendlier than…
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Cities Zero In on Empty Homes
Vacant “Zombies”? Someone’s Investments? More than 16 million homes in the United States are empty. Right in the middle of a painful housing shortage. What is going on? One issue involves mortgage default. A few people are starting to walk away from their mortgage debt, now that lenders are allowed to foreclose on borrowers. There…
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Defining “Material Defects” in the Seller’s Disclosure
Buying a home? Wondering how much the seller has to tell you about its condition? It’s an important question to ask, so let’s explore it. Under the laws of most states, it’s a seller’s duty to inform a buyer about known “material defects” that could otherwise go unnoticed by the buyer. So, the homeowner’s agent…
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How Younger Buyers Are Changing Home Preferences
The New Market Influencers Millennials, according to Goldman Sachs, are seeking something previous generations might not have prioritized. The bulk of today’s new homeowners don’t just seek curb appeal. They have developed an eye for what supports their long-term health and the health of the planet. These are key areas where millennials and younger buyers are comfortable spending their…
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Eleventh-Hour Tax Tips for Homeowners
Did You Claim Everything? It’s that time again. Here, we note 6 checklist items, to help ensure your ducks are in a row for Monday, April 18, 2022 (or Tuesday, April 19 if you live in Maine or Massachusetts).
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Four Thoughts on Starting a Small Rental Business
Is There Profit in Your Property? Renting is a critical market today. Why is renting on the rise? For one thing, many people have not been able to buy into today’s sky-high real estate market. Shortages of workers and supplies are intensifying already-existing housing shortages. Decent and affordable places to live could not be more…
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As Mortgage Interest Rates Nudge 4%, There’s a New Rush to Buy
Fear of Missing Out? Higher mortgage rates can be daunting for many buyers. And here they come. The silver lining? As interest rates begin to rise, this frenzied real estate market could start to level off. But first, it looks like a last-minute rush is on as people anticipate steadily rising rates throughout 2022. Let’s…
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How to Work With a Lender and Win
Ready to Buy a Home? Choose a good mortgage consultant, and you’ll have support throughout your loan application journey. You’ll probably get a lot of phone calls along the way, but it’s all to help you and your real estate agent prepare to head to the closing table. Knowing what’s coming will help you…
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The Cost of Owning a Home
More Than a Mortgage Imagine you’ve made it through closing. You’ve purchased a reasonably priced home. You paid around $5,000 for closing cost fees, taxes and insurance; another $2,000 for moving in and fixing up. You have a an ample reserve fund set aside in your bank and retirement accounts. You know you’re going to…