Updated:
Tuesday, January 25, 2022
Beware of Buyer Bad Habits
Written By: PJ Wade — Decisions & Communities
Unless you buy and sell several properties every year and concentrate on the investment side of these purchases, you probably dont have enough practice buying real estate to be really good at it.If practice makes perfect, then without going through the real-estate-buying process a few times within a short period of time, your buying skills are l...
Fannie Mae is officially known as the Federal National Mortgage Association FNMA. Fannie Mae is a government-sponsored enterprise but is private.Congress chartered the organization during the Great Depression as part of the New Deal. The goal of creating the organization was to stimulate homeownership and provide more liquidity into the mortgage...
If youre a real estate agent working as a self-employed professional, or an independent contractor, you should consider setting up an LLC. The same is true if you work for a brokerage, but you work similarly to an independent contractor and file 1099s for your tax returns.When youre an independent contractor, you have freedom and flexibility com...
Question: How does the board choreograph a meeting if not allowed to meet privately in advance? We have always scheduled work sessions every other month prior to the open board meetings. Some members are calling us on it. Some board members have said they will resign if they have to face a room full of homeowners every month.Answer: The choreogr...
If youve been thinking of refinancing lately, as many certainly have, it might be a good move to go ahead and make the move. Especially for those who have been on the fence over the past few months. The market has been >What are these risks? The biggest is rates moving to higher levels and never looking back. Conventional fixed rate mortgages ar...
Christmas trees now sparkle in millions of homes, but did you ever wonder how the tradition began? No doubt there are several stories regarding the start of this custom, and heres one Id like to pass along."Its now been more than 150 years since Professor Charles Minnigerode decorated Williamsburgs first Christmas tree," says Robert C. Wilburn, ...
Think your family tradition of dressing up in feetie pajamas and sipping hot chocolate while you drive through the neighborhood looking at holiday lights on Christmas Eve is unique?There is a great big world full of odd and interesting and fantastic and sometimes puzzling, were not gonna lie holiday traditions out there. Weve pulled together a f...
In 2017, Americans spent over 6,600 per homeowner on home improvement projects. Perhaps its because of the popularity of HGTV shows, but this has been on the rise.People are fascinated with having nice homes.nbsp;What about when its time to sell? Is it worth remodeling or renovating your home before putting it on the market?nbsp;Lets take a look...
At its most basic level financing a rental property is not much different than a primary residence as it >Financing programs for rental properties will require more down payment and higher rates. Why? Because when someone finds themselves headed into some degree of financial stress, the last thing they want to give up is their primary residence....
Whether youre moving to a new home or considering a refresh or remodel for your current one, you might be asking yourself whether or not you should hire an interior designer. A designer is someone who can create a beautiful space, but this scenario isnt for everyone.The following are considerations and both pros and cons that come with working w...
You may hear the term starter home pretty frequently, but wonder as a buyer, what does that really mean?When youre buying a home for the first time, you have to not only understand what a starter home is for you but also whether its best to skip ahead and invest in your forever home.Whats Considered a Starter Home?A starter home can be a single-...
When youre applying for a mortgage, you shouldnt underestimate the important role of including your assets. Making sure you list all your assets can affect the type of mortgage you get, as well as your interest rate.When lenders are assessing applications for a home loan, they look at your credit score, debt and income, and also your total net w...
From time to time, it is necessary or desirable to recruit new directors. It may due to a vacancy or an upcoming election. Often volunteers are >To All Members of Nottacare Condominium,At the Annual Meeting, two positions for director of the board will be voted on. Anyone that is a owner in good standing current in HOA payments and no outstandin...
A couple of weeks back, I talked about selling houses during the holidays when really serious buyers are out in force.Since we bought our first house in the first week of January and sold it on Dec. 31, and bought our third house a week before Christmas, I thought I was standing on really firm ground in my recommendation.That is, however, until ...
True story: Our four-year-old refrigerator died an ugly death late last year. After being diagnosed and fixedmore than onceby the same repair company, our warranty company finally authorized the purchase of a brand-new fridge.nbsp;We were, frankly, pleasantly surprised by how easy the process was and also chalked it up to financial karma for hav...
The real estate market remains hot right now, despite economic headwinds. Many people want to jump in and buy a home or upgrade their current home to a new one for good reason. Interest rates are incredibly low, so now could still be a buying opportunity, despite limited inventory and high prices in some locations.If your credit isnt perfect, yo...
The holidays are a wrap, and with the coming of the new year, many people are starting to make their new years resolutions. If selling your home is one of those resolutions, its beneficial to take steps now to prepare your house to sell in the new year. Getting a jump start on this preparation can help your home be ready for the spring/summer ho...
There tends to be a glamorization of house flipping, likely brought about by watching home improvement and real estate shows. The reality is that house flipping can be a difficult and often disappointing undertaking. Thats not to say some house flippers dont find great success, but there are also so many challenges that can come along too.If you...
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