Category: General
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Immigration for U.S. Real Estate Buyers
…And the Return of the EB-5 Investor Visa In the United States, real estate investment opportunities abound. International real estate buyers can earn profits and bolster the U.S. economy at the same time. Some people invest from outside the borders. Some investors hope to live in the United States. If you wish to invest in…
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With Home Prices Soaring, Condos Are a Relative Bargain. Here’s How Their Deeds Work.
Home values shot up over the past year. Now, in the second half of 2021, demand remains high. But did you know that condo prices, on average, have only risen about half as much as single-family homes? The difference is especially pronounced in some of the major East and West Coast cities, Bankrate.com notes. For…
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The Biden Administration Confronts Racial Bias in Appraisals
Black-owned homes are regularly low-balled in appraisals. It’s been happening for generations. Now, the Biden administration is confronting the issue. On June 1, 2021, the president said a new task force will deal with race-associated disparities in home appraisals. Housing and Urban Development (HUD) Secretary Marcia Fudge will lead the team as it embarks on…
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Selling Your Home? A Few Things to Know About Listing Agreements
You start off the marketing and sale of your home with a listing agreement. This document controls all the terms of the sale. It sets the keynote for a string of important decisions and legal agreements. In this article, we’ll discuss some recent news about listing agreements, as well as the broad-brush concepts every seller…
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Extraterrestrial Real Estate: Is a Lunar Deed Legit?
If a company says it’s selling land on the moon, should we believe it? What about the planets? Is Martian land for sale? Is Venus available? Here’s the story so far.
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Buying a Floating Home? Here’s How to Plan Your Purchase.
Floating homes are hallmarks of many coastal and riverside cities. There are also amphibious houses — built on land, but capable of rising up off the ground when storm waters rush in. Flexible utility pipes move to meet the water as its ebbs and flows. Putting homes over water serves to expand the available real…
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Solving the Affordability Problem
Can Deed Restrictions Include Rather Than Exclude? U.S. home prices have outpaced U.S. employees’ wages. This creates a number of problems in real estate. For one, it shuts a lot of people out of the market. Most of today’s renters simply have no choice but to keep on renting. And whether they rent or own,…
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Navigating the Home Appraisal: A Buyer’s Guide
You’ve put in your bid for the home you want. Now you await the appraiser’s report. What’s going on behind the scenes? How the Appraisal Works in Most Cases The typical home appraisal relies mainly on local sales comparisons, or comps. What will other buyers pay now for a house like the one you’re buying?…
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Selling Your Home As-Is? Here’s What You Should Know
Is the hot seller’s market of Summer 2021 tempting you to put your home on the market and watch the offers roll in? To get ready quickly, you might wonder if you should put a clause in your contract to announce you’re selling the house as-is. A seller may use the term as-is to point…
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How to Take Someone Off the Mortgage
What’s the plan when your spouse or co-borrower needs to come off the mortgage? Will you refinance, keep a modified version of the loan, or sell the home to pay the loan off? Here’s a quick Q&A to explore the possibilities.
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Own Without Remorse: Six Questions to Ask Yourself Before Buying a Home
Hindsight is 20-20 vision. Homeowners learn something from each home they buy. Looking back, most homeowners can tell you what they did well — and a few things they could have done better. So, what can’t-miss items need your attention before you buy? We’ve said it before. There’s no overstating the power of a great…
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Should You Get an Adjustable-Rate Mortgage? Here Are 6 Reasons You Might
When it’s time to meet with their mortgage experts and apply for loans, most home shoppers accept mortgages with fixed interest rates. When they do, the interest rates are locked in throughout the life of their loans. That’s a good thing, of course, if interest rates are low when the buyers get their loans. Adjustable-rate…
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Friends, Relatives and Colleagues: How to Sell Your Home to Someone You Know
Most home sales are arm’s length transactions — deals between former strangers. But selling to a relative, colleague or friend can also make sense in certain circumstances. When friends or family members transfer homes to each other, they have a few special questions to consider. Because every relationship and every home sale is unique, we…
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Post-Pandemic Life: Is Home Selling Forever Changed?
In March 2020, Covid was dubbed a global pandemic. To slow the spread of the virus, U.S. states issued stay-at-home orders for people working in real estate—at first deemed a non-essential business. Appraisals for real estate contracts were non-essential in Pennsylvania, for example, beginning March 19, 2020. One month later, Pennsylvania issued revised guidance. On-site appraisals…
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Real Estate Markets in the Second Half of 2021: Bull and Bear Cases
Summer 2021 will be a hot one for the real estate market, says the Home Buying Institute. But is the raging home-buying bull market sustainable? With property values up well over 10% in many areas, some market watchers are asking if housing is a bubble. In fact, there are several good reasons for optimism ahead.…