Wednesday, September 14, 2022 / by Ana Baldner
When it comes to dipping your toe in the Real Estate World, the first thing you'll notice is the abundance of industry specific terms that seem to come up frequently and may seem like foreign concepts. Terms you probably haven't ever heard of before! Skipping over the meanings of these words can keep you from understanding crucial information about your favorite listings.
Here we made you a quick “cheat sheet” with a bunch of common Real Estate Terms. Keep these in mind, and it'll help you out when browsing for properties or closing on your own home.
As-Is: The home may need repairs or renovations that the seller will not complete before or as part of the sale. As-is also refers to the condition of the property at the time the offer was written and should something happen to the property from the time the offer was written to closing which alters this condition, then the seller must bring back the property to its “as-is” condition OR the 2 ...
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Thursday, September 1, 2022 / by Ana Baldner
Is buying cheaper than renting? This depends mostly on the local market and its conditions. The Real Estate market has been heating up the past couple years and many Americans are making the transition from tenant to homeowner.
With rents skyrocketing all over the country, some may make the assumption that even in a heated market, buying may be the better option. But the truth is, there are different associated costs that create key Pro's and Con's to either choice.
Costs of buying
The biggest upfront cost of buying is your down payment. Typically between 3-20% of the home's purchase price. If you do put less down, your interest rate will typically increase, making your monthly payments increase as well. There are many monthly costs you will face, your mortgage payment being the biggest, including principal and interest for your loan. This number could also go up or down if you have a variable interest rate. HOA dues should also be factored in, generally covering lan2 ...
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Thursday, August 25, 2022 / by Ana Baldner
Real Estate has been voted as being Americans favorite investment for the long term for the fourth year in a row. Many news outlets are pushing out headlines that focus on the slowing of the real estate market, but no one is talking about the massive investment opportunities that we are seeing in front of us.
It's important to diversify your investments as a whole. Having all your eggs in one basket makes it more likely that you could face a total loss. Spreading your savings across different types of investments can give you financial security.
There are 8 major reasons that real estate is a good investment to choose
1. You can force appreciation
One reason the stock market appears daunting to many people is the uncertainty. You put your money in the market, and you have no power in the result. The best part about real estate is that you can have a hand in your asset's appreciation in the form of renovations and repairs.
Major renovations such as ad ...
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Thursday, August 4, 2022 / by Ana Baldner
If you're thinking about selling your home, there are some things you should consider when getting ready to list. Many people are under the false assumption that you need to make major upgrades around the home in order to increase it's value. However, there are a couple of improvements you can make that will return the money you put in and attract more buyers.
Why shouldn't you fix everything?
The main reason you shouldn't go around updating everything in your home is because not everything will return value. Money spent on repairs, replacements, and upgrades may be wasted if the prospective buyers don't find the improvements necessary or don't notice them. It's better to stick to cost-efficient fixes that will actually make an impression on potential buyers.
What should you fix?
When buyers look at your home during a showing, they tend to fixate on flooring, walls, kitchens and baths. So make sure to address basic wear and tear issues that appear in these areas.
A f; ...
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Thursday, July 28, 2022 / by Ana Baldner
e are currently in the midst of hurricane season. Some of us may be first timers and others well-seasoned Floridians. It's important to prepare early. The worst thing you can do is put off your preparations until a storm hits.
Here are 4 steps to make sure your family is ready in case of an emergency:
Make a plan
Identify how you will receive the emergency warnings and updates.
Write down important phone numbers you may need in case your cell phone is not accessible, i.e. emergency numbers, family members, out of state contacts. Have multiple copies of this list and make sure every member of your home has a copy. At least one contact should be outside of the impact area.
Pet owners! Identify a plan of action in case your area is evacuated. This could mean a pet-friendly hotel or even an out of state friend who can take your pet.
Identify your families specific needs that your plan must tailor to during an emergency. This could mean disabilities, medica ...
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