Real Estate Insider Blog
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There is no doubt that investors seem to have different opinions on the best way to turn a profit. Some folks prefer to invest their money in real estate, and others are sold on the stock market. Regardless of which option you choose, learning about the benefits and how they compare helps you to make sound decisions when considering these investment options.
Investors considering real estate can decide how much they are willing to pay for properties and what types of real estate to buy. For example, some investors prefer investing in retail strip malls, others may buy properties for rentals, and some folks enjoy flipping homes to make a quick profit. No matter which option they choose, the investor determines how much risk is acceptable.
When purchasing stocks, you may research stock histories, prices, company backgrounds and company management to make investment decisions. However, your choices and earnings are limited by the accuracy of your research and the integrity of the companies offering stock for sale.
Homeowners and real estate investors hope to build equity over time, which makes their investments worthwhile as they pay down on the principal.
If you've chosen a good stock, you may earn dividends and be well rewarded with a profit when selling. However, stocks are unpredictable, and there is always the chance of a loss.
Apartment and home rental owners often generate a nice cash flow after paying mortgages and...
Selling your house takes time and can be complicated process which is why you need to work with an experienced Realtor. A good Realtor offers you many benefits that you just don’t get by trying to sell your home on your own.
Establishing a Selling Price
Your Realtor has access to up-to-the-minute information about the selling price, financing terms, and other important details on homes in your immediate vicinity. He or she uses this information to determine a competitive starting selling price for your home. To get the best price for your home, it needs to be valued accurately. A realtor has access to recent sales data and local knowledge that homeowner's don't. Valuing a home without MLS access is incredibly difficult, and it has been found that those online "Zestimates" can be off by as much as 40%.
Developing a Marketing Plan
Getting your home listed on the Multiple Listing Service (MLS) is essential to its exposure, and only a realtor can do this for you. Realtors also have word-of-mouth relationships with other agents and can set up exclusive showings of your home. According to a 2015 survey of the National Association of Realtors, 82 percent of all home sales occur due to contacts the Realtor had with friends, previous clients, referrals, and personal contacts. You could spend a lot of money on advertising and come nowhere near those results.
Added Layer of Security
When you work with a Realtor, you...
There are over a thousand homes for sale in Clearwater at any given time, so if you wish to sell your single family home or condo and have it stand out from the crowd, it won't do to simply throw a sign out in the yard and hope for the best. The goal in a home sale is to get the best possible price while minimizing time on market and aggravation. In order to accomplish this, proper preparation is a must. Here are the things you can do to prepare your Clearwater home to be sold in a short period of time.
Landscape and Exterior
First impressions mean everything and prospective buyers must at least get through the front door or nothing will happen. Take some time to freshen up your home's exterior and landscaping to improve its curb appeal. Get rid of dead plants and replace them with fresh shrubs and flowers. Make sure that the grass is green and well-trimmed. Pressure wash the driveway and the home's exterior to vanquish years of dirt and grime. If you wish to go the extra mile and your home's exterior needs it, consider a fresh coat of paint.
Declutter and Clean
When someone steps in to view a home for the first time, it should feel clean and inviting. The stacks of shoes that you normally keep by the door need to disappear. Likewise, personal items and any other clutter in the home should be removed. Homebuyers will be looking to your floors, ceilings, and walls first. If they are unable to see these because of clutter, the impression will not be ...
Is it really 2016 already? For those of you who happen to be planning on buying a home in the new year—or even just trying to—there’s a whole lot to celebrate. Why? A variety of financial vectors have dovetailed to make this the perfect storm for home buyers to get out there and make an (winning) offer. Here are six home-buying reasons to be thankful while ringing in the new year:
Reason No. 1: Interest rates are still at record lows
Even though they may creep up at any moment, it’s nonetheless a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.
“Remember 18.5% in the ’80s?” asks Tom Postilio, a real estate broker with Douglas Elliman Real Estate and a star of HGTV’s “Selling New York.”“It is likely that we’ll never see interest rates this low again. So while prices are high in some markets, the savings in interest payments could easily amount to hundreds of thousands of dollars over the life of the mortgage.”
Reason No. 2: Rents have skyrocketed
Another reason home buyers are lucky is that rents are going up, up, up! (This, on the other hand, is a reason not to be thankful if you’re a renter.) In fact, rents outpaced home values in 20 of the 35 biggest housing markets in 2015....
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