Renting's still relevant today in real estate, hence why it's important for you to get in the know about everything from tenant-landlord law to simple tenant inspections of all the "white goods." (Want to know what "white goods" are? Feel free to read up on the content provided here!) Learn about eviction notices, pet policies, guarantors, inventory, deposits, release clauses, break clauses, subleasing, home improvements, and so much more. Everything you need to know about renting: it's all here, in a tight package with a key to unlock the door. You're ready to move in.
Home ownership. The American Dream. The final frontier. This is what every budding professional hopes for -- for the family, for friends, for oneself. It's all about being a homeowner. You've got to know the ins and outs of real estate from this point of view, such as home staging, real estate brokerage firms, agents, home inspectors, closing costs, loan origination, mortgages, down payments, and much more. It's a lot of studying to do, mind you; but it's all worth it when you have those keys in hand and you're about to walk past the threshold into your new home.
This is your one-stop shop to information about all things real estate. Look around. You see those tabs up there? Maybe you're thinking of renting? You'll find all the content you need. Perhaps home ownership, selling, staging or investing? No problem. It's all here, a "complete real estate site" for anything you can think of within the industry. We leave no stone unturned, no door locked, every doormat neatly placed for the next open house, move-in or inspection. Get ready. Start absorbing the material now and get to be a true real estate expert in no time.
Whether you're posting a "rent-to-own" or hiring a realtor to get the job done, know this: you're taking on a challenge. Comparables to accurately price your home, renovations, open houses, credit checks: it's not an easy playing field selling a home, but with these tools of the trade -- such as home staging, negotiation, commissions, attorney contract review, and much more -- you'll be getting in escrow in no time. Just be sure you've done your own house hunting, because when your buyer is ready to move in, that's it. You've sold your home. It can only get better from here.
Now you're getting serious with this type of career and future planning. The real estate industry's ripe for development as a money maker of mammoth proportions, but for you to really get into this as a way of life and commitment, study up on everything from operating incomes, tax shelters, property appreciation, financing, house flipping, and much more. Expand your portfolio of properties and generating that income through multiple revenue streams. This is your livelihood, make no mistake: make sure you've got this information checklist handy.
A #creditcounselor better have some word out on the street that they have the past clientele praising good work, or you might as well be dealing with a hack or someone who's just flat inexperienced. Sorry to say, but the person may not be a scammer, but will have to really dig down dirty to build the clientele list and at least get ONE good review out of word-of-mouth advertising, which is why a consumer should always ask for references.
Just one reference can be the deal maker when it comes to working with a credit counselor. You just want that one seal of approval that says another client in the past declared that the credit counselor can actually do a good job!
It’s hard to believe, but it’s true: millennials in our real estate demographic for home buying have already been putting their stamp in the market share, which is a good thing for the industry. We’re not going to see a real estate explosion quite yet, though, given the record low numbers of mortgage applications among millennials (and a consistent high growth for home renting) due to lack of job growth, student loan debt, and a later timeline for marriage and new families.
But It’s Coming. Some Say the Millennial Generation’s Already Here for Real Estate Home Buying
What you need to know, though, is what exactly they’ll be looking for in terms of a home…. Keep that in mind. Because of the inventory of available houses aren’t there; those millennials aching for a home to buy, well, won’t buy – which is bad for real estate business.
Here’s what millennials will want in a home (and you certainly won’t need any Gray’s Sports Almanac to figure this one out):
They’ll Want to Focus on LESS – Less, as in less ‘possessions’. What does that mean, exactly? Find out right here.
They’ll Want a “Hip” Community – But why? Why does it matter if the neighborhood’s all about fun and games for everyone? Here’s why.
We’ve Got You, However, on This Real Estate Market
Preparation. That’s what it’s all about. Whether it’s home staging or a real estate agent who can access all the available homes, RTO or not, with all the correct features millennials are going to want. Because when they buy, people sell. Home improvements, renovations, maybe even new construction – the new millennial generation may drive this focus in.
The baby boomers are getting older, and the majority of them are currently downsizing due to the immediate financial and physical accommodations of home renting. With many of them already enjoying retirement, having a mortgage over their head and a home with 5 bedrooms and 3 bathrooms really isn’t necessary for them anymore. An uptown waterfront condo with a maid and someone to cut the grass is more the style of comfort that is appealing to these thriving baby boomers.
The young adults that should be buying homes are just not capable enough, apparently, what with the poor employment market and looming student debt climbing to ungodly heights. Millennials are more comfortable renting than adding more debt to their already strained financial situations. Renting is really the most accommodating route for young people in today’s world. Plus with most millennials still not married and without children, there is no reason for them to have a cap code on a cul-de-sac when they can enjoy a trendy loft by the local pub.
Sounds Convincing, Right?
You do, however, have to understand one thing about the real estate market, whether it’s about home selling, home buying, or home investing. It’s a fickle beast. And the appetite can change in a blink. So the important thing to remember is this — keep your eyes opened.
Hence why Grand Rapids #realestate is such a hot number these days compared to the entire U.S. market, but here's the thing: not only could you act now and upgrade to buy a house and perhaps get out of surprise skyrockets in price (or wait to sell, maybe) —
But as a home flipper, better steer clear. After all, you'll find that buying a home for an increased sales price won't leave you a whole lot of room to up the value when it comes time to sell. It'll be like squeezing a wet towel that's already been wrung. You won't get a lot of 'water' out of that.
Here's the numbers for you on Grand Rapids real estate. Crunch them yourself: $171,092, average home sale in June, 2014; $181,980, average home sale in June, 2015. Prices are going up. Therefore, don't make a PROFIT. Simply make a HOME.
Not that house flipping is necessarily a bad thing; after all, it’s a natural lucrative phenomenon in the real estate industry all over. Check out Midvale, Utah, for starters, with the real estate funding and cash loans to flip a home and make some profit while stimulating the market.
Assisting Renters Is Your “Safe Space” for Education. All this talk about the “safe spaces” in college, student behavior, the free press, fairness among professors and college presidents certainly stains the field of education in a horrible way. Because it pollutes the idea of safety, …