Is a Reverse Mortgage a Good Idea?
Is a reverse mortgage a good idea? If you’re one of the many hundreds of thousands of people looking to find out the pros and cons of a reverse mortgage, then this article is one you’ll want to read. Now, before making any kind of decision, readers should take the time to read this reverse mortgage guide that addresses any questions or concerns an individual might have. Many will find the link to the free guide above extremely helpful; due to the mass of incorrect information out on this type of mortgage financial solution.
One specific point that needs to be addressed upfront concerns age. If you’re a visitor reading this now and you’re not 55 years of age (in Canada – 62 in the USA), then this option is not one yet available to you. A reverse mortgage solution is only for senior homeowners. This might be the first time you’ve heard this—which is unfortunate. However, it makes sense. This is one of the most diverse and often misunderstood financial solutions out there, but it is also very beneficial to learn as much as you can about this. As long as you’re discovering the most relevant and accurate information concerning reverse mortgages, there are advantages to be had.Read More
How to Move Out of Your Parents House
So, the time has come for you to leave the comfort of your parents’ home and begin the life of an independent adult. You will have the ability to come and go as you please, set your own house rules, and invite as many guests as you want. Taking this step into adulthood is as exciting as it is daunting, but with your newfound freedom come a series of responsibilities (rent, bills, groceries, cooking, and cleaning).Read More
Using Rental Checklist to Increase Real Estate Income
Success in real estate investing, much like life in general, hinges on a person’s ability to attain and leverage resources. Consequently, a highly organized investor of rental properties has the best chance at scaling their investment business for maximum returns. Utilizing a rental checklist can be quite helpful for both the landlord and tenant. Tracking property conditions is an important way of creating satisfaction and avoiding unnecessary conflict in the world of real estate.
A number of clever tactics can be implemented to maximize rental income. Creative thinking is the key to success for any real estate investor. A smart landlord should maintain a balance between adding value to the property and improving their tenants quality of life. The ultimate goal is to bring innovation and organization into your property investment business. Following these guidelines will help to lead you into a brighter and more lucrative future.Read More
Understanding Real Estate vs Personal Property Tax
Property tax is generally divided into two categories—real estate tax (sometimes termed real property tax) and personal property tax—and there are significant differences between the property tax categories in how the taxes are determined. Whether a property tax is deductible for income tax purposes depends on whether the property is used for business, investment or personal use. Property tax is generally levied on tangible property, i.e., property you can actually touch, as opposed to intangible property such as copyrights, trademarks, business goodwill and patents.Read More
Escrow Process – Understanding from Earnest Money Through Closing
So you have decided to buy a home. OK, you probably understand some basics like making the offer and eventually getting the keys. But, if you’re like most, there are a lot of questions in between the two steps. This is called the escrow process. Although escrow is not the most exciting part of a purchase, it is important to understand the escrow process timeline. Preferably before it starts! So let’s discuss in detail how the escrow process for buyers works from contract to getting the keys.Read More
Is a Condo a Good Investment?
The great thing about making investments in real estate is that there are so many different options. But what is the right choice for you? Is buying a condo a good investment? It could be a great investment in certain circumstances, but not the best choice in others. There are pros and cons to any real estate purchase. Condo purchases are no different. Read on to learn more about condo investments and how to make the best decision for you.Read More
How Long Does it Take to Buy a House?
For many people, purchasing a house is a big part of living the American Dream, but it can be a lengthy, and downright tiring process. Most home buyers are looking to improve their living situation as soon as possible, and naturally, one of the critical questions that they’re concerned with is: how long does it take to buy a house? While the answer to this question may vary depending on the customs and real estate laws specific to your area, there’s a standard procedure for buying a home that requires you to invest a lot of time – and rightfully so. Not only is it one of the most life-defining financial decisions that you will have to make, but it’s also irreversible, for the most part, once the contract is executed, and all contingencies have been satisfied. So, although you may be eager to acquire the keys to your new home as fast as possible, it’s important that you invest sufficient time into purchasing a home and all of the factors that may influence time and money. Below you’ll find useful information on the average time to buy a house in the United States.Read More
Should I Rent Before Owning a Home or Condo?
There are many factors involved that can make a choice to rent before owning seem like an extremely complicated decision. Naturally, the place that you select to live will have a deep impact on your overall quality of life. Home ownership for many, especially first-time buyers, is highly desirable, but thinking about the overall financial commitment can be stressful. The internet age has brought us so much information about why buying a home is fiscally smart, while at the same time, we are bombarded with news about bank fraud (hello Wells Fargo CEO), foreclosures, and politicians painting doomsday scenarios about the state of our national economy. However setting all hype and outside noise aside, strategic execution into buying a home can be the best decision of your life. After all, real estate, when viewed upon as a long term investment over decades, has proven to be extremely effective and lucrative. This guide will help you to weigh out the pros and cons of if and when to rent before owning so that you can make a wise, informed choice for your future.
There are expenses associated with owning vs renting a home that should be weighed carefully, starting with an honest assessment of the overall costs. While there are variables in the figures depending on the property, this guide will give you a solid place to begin your understanding. We’ll examine each expense in detail and provide useful hacks covering the questions to ask when renting a house and more. It will be best to create a google doc and do a side-by-side comparison of these costs, line by line and then below the costs, make some overall notes. Doing the exercise of reviewing and budgeting your living expenses is well worth the time as it may open your eyes to costs that you might not have considered.Read More
Ultimate Guide to Buying Waterfront Properties
Waterfront properties offer a lifestyle that is second to none. In today’s digital age, it’s easy to get bombarded with requests and obligations around the clock, leading to difficult stress levels that can seem almost inescapable at times. So what is the ultimate escape? A gift that keeps on giving? How about knowing that each and every day magnificent waterfront sunrises and sunsets await you? Wouldn’t it be wonderful knowing that the calming sounds of gentle waves are a part of everyday life instead of a limited vacation? In fact, why not make life feel as though it is one big vacation? For those looking for the dream life, buying a home on the water is often the best single purchase that can be made to improve the overall quality of life.
Like any home purchase; it is essential to determine what your wants and needs are to make a highly educated decision. However, waterfront homes are not a typical, run-of-the-mill houses. Special additional factors must be taken into careful consideration to ensure the property suits your personality and lets you enjoy the activities you love. Here are a comprehensive list tips on how to buy the best waterfront home.Read More
Are Condo Hotels a Smart Investment?
Stunning architecture, world-class amenities, room service to your residence at anytime – these features of condo hotels are quite enticing and seductive aren’t they? Throw in consistent monthly cash flow while you are unable to use your unit, and this formula of home ownership sounds quite attractive. Owning a piece of a world-class hotel brand is ultra-prestigous as well, isn’t it. Imagine declaring that you own at the Ritz-Carlton or Canyon Ranch. There is a reason for the term ‘brand equity’. When you buy into a luxury condo hotel brand, you immediately inherit all of the best that the brand has to offer…don’t you?
There is no doubt that hype and highly sophisticated marketing and pr machines are painting a very rosy picture of the lifestyle gained through condo hotels, but are they better deal than straight condo purchases? The good news of highly successful development launches are constantly seen via the media. But on the flip side, there are also situations like Canyon Ranch Miami Beach (see more of the story here) where condo hotel owners have been kept in a merciless purgatory waiting to see if their beloved brand will fade away into a less prestigious hotel operator. Through this post, we’ll examine if condo hotels are a smart investment by looking at the pros and cons involved. We’ll also take a look at what is behind the latest NAME craze trend in luxury real estate.Read More