how to win the home bidding war
I haven’t really talked about this publicly before, but we had to win a bidding war last year to buy our house. To make matters worse, this was just before the start of the pandemic, making everything all the more stressful. Luckily, we were successful and my family is now enjoying living in a bigger, […]
Real Estate Closing Costs, Explained
survey fee Another administrative aspect of the home pre-sale process involves professional surveying. During this stage, a surveyor visits the property to determine property boundaries to prevent future disputes with neighbors. This service is performed by a local professional, who is compensated through an itemized closing cost. title search fee Background title searches are a […]
The current state of the housing market, explained
The COVID-19 economy has caused some pretty volatile markets. Stocks fell early in the pandemic, then recovered quickly. Oil crashed, then soared. Commodity indices bounced back in 2021 on rising inflation. Perhaps most worrying is the situation in the US real estate market. Prices are skyrocketing, bidding wars are commonplace, and buyers are scrambling to […]
5 best US housing markets for investors (and 5 best for affordability)
Top US housing markets for affordability With housing prices rising rapidly, many buyers are struggling to secure affordable properties. Due to rapid price appreciation, prices may rise rapidly and become out of reach of the buyer. This is especially true for first time home buyers looking for affordability. Using Realtor.com data, trusted sources like CNBC […]
This Single Document Could Save You Hundreds of Hours and Dollars—Are You Using It?
in this article This article was submitted by Kiawi. Read our Editorial Guidelines for more information. An important but often overlooked piece of the real estate investing puzzle is preparing a comprehensive and detailed Statement of Work (SOW). Whether you are a seasoned or novice investor, you can make significant profits from this powerful tool. […]
You Could Save Thousands by Moving to Miami, But It’s Not All Roses—Here’s What You Need to Know
in this article For high-income earners earning between $150,000 and $650,000 a year, moving from New York City to Miami offers an opportunity to save thousands through a lower effective tax rate and reduced cost of living, according to SmartAsset. . Study, San Francisco residents can get similar savings by relocating to Miami. It’s not […]
How your rental history could ultimately help you qualify for a mortgage
How to report your rental history As we said, you can start by contacting your landlord and credit bureaus. However, you can also look into services that exist solely to ensure that your rental history is part of your credit score. The most prominent of these are Plastik and Rentmula. Although these services will likely […]
How To Start Flipping Houses (And Actually Make Money)
microflipping With microflipping, you don’t focus on distressed properties and you don’t deal with fixer-uppers. Instead, you browse property listings, check the numbers, and find below-market deals. You would then acquire the property and immediately resell it at a marginally higher price. Microflipping has slim profit margins. However, you can also scale up the strategy […]
12 American Cities to Avoid Living in
Helena-West Helena, AR Shutterstock population: 10,749poverty rate: 45.2% (State: 17.0%)5 year. Average Unemployment: 11.8% (State: 5.1%)Average Home Value: $73,400 (State: $127,800)US News State Ranking: 44 According to Data USA, the median household income in Helena-West Helena is $22,177. This is well below the national median annual income of $65,712. Similarly, the poverty rate of 45.2% […]
Americans Are Leaving the States (And Where They’re Going)
High cost of living and difficulty in finding jobs are the primary reasons why people leave one state for another. Low cost of living, ease of finding work, warm climate, and retirement are common reasons people move to other states. The ability to work remotely is also possibly motivating people. In sparsely populated states, each […]
