Owning real estate is one of the most tried and true methods of building wealth over time, and by renting property, you can have someone else pay off your mortgage for you as you build up equity. But as potentially profitable as being a landlord can be, it can also be complex and filled with hassles, especially if the proper protocol isn’t followed. Before becoming a landlord, make sure you’re aware of the following things first to avoid landing yourself in a legal debacle.
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The housing affordability issue has been a dire one throughout the state of California for some time now, but perhaps there’s a light at the end of the tunnel. Recently, the California State Senate approved a real estate transaction fee that could make as much as $300 million available in funding to build more affordable housing across the state.
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Regardless of whether or not it’s a seller’s market, it’s always helpful if your home has the features that buyers are looking for. Here are the top 11 characteristics that today’s buyers want when shopping for a new home.
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One of the keys to making a profit on a fix and flip is to sell as quickly as possible right after rehabbing is complete. The longer it takes to sell the place, the less money will be left in your pocket. When you factor in the carrying costs and the potential for market conditions to fluctuate, you stand a much better chance of reaping a higher profit if you sell quickly.
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A big part of making a prudent buying decision is ensuring that you know what you’re getting. When it comes to buying a house, you want to takes steps to find out if there are any issues with it. If there are, you’ll want to identify how serious the problems are and whether or not they will influence your decision to go through with the deal.
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If you’ve got a big expense to pay for, you may not necessarily have to take out a personal loan if you don’t have the liquid cash to cover it. Instead, you may be able to pay for the expense with the equity you’ve built up in your home, if you have any.
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The housing market in California picked up some steam in May as existing home sales and median home prices inched up from both the month and year before. Here are some pertinent stats on California’s housing market for May 2017, gathered by the California Association of Realtors (CAR).
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For many Americans, homeownership is a major goal in life. While many may be content renting into the foreseeable future, many others hope to one day have their name on title of a property they can call their own.
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It goes without saying that a home purchase is a big deal and is probably the biggest investment you’ll ever make. If you’re a first-time buyer, make sure you avoid these potentially costly mistakes.
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Considering buying an older home? There are plenty of benefits of taking this route versus buying new construction. Older homes have a lot of character, are usually located in more established neighborhoods that are closer to urban centers, and are typically surrounded by mature greenery. That said, older homes may also require some improvements considering the aging of the construction materials.
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