Tuesday, March 30, 2021 / by Marie Babin
The nice thing about buying a home that you plan to make your primary residence — even though the search and transaction processes aren’t always a cakewalk — is that you know what you like. When you buy a home to fix-and-flip or buy-and-hold as an investor, though, it’s really not about what you like at all. Instead, it’s about what’s popular in the locale, what rents and what sells, and how you can find a deal that will maximize your return.
So what do you need to know about buying an investment property if that’s always been a dream (and even if it hasn’t)? Here’s a quick rundown of the most important tips and guidelines.
Get your finances in order
Unless you’re planning on paying cash for the home, you’ll find quite a few differences between buying a primary residence and buying an investment property. For one thing, there are loan options for individuals and families seeking to buy a home to live i; ...
Tuesday, March 23, 2021 / by Marie Babin
Is the Real Estate Market Going to Crash?
While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?
When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether or not to put their houses on the market. However, those first days of uncertainty ushered in a period of unprecedented demand in the U.S. real estate market, which ended the year with increasing average home prices (up 13.4% from the previous year) and shrinking days on market (13 fewer than in 2019).1
Now, as the spring market approaches, you may be wondering whether the good times can continue to roll on. If you’re a homeowner, should you take advantage of this opportunity? If you’re a buyer, should you jump in and risk paying too much? Below we answer so/ ...
Thursday, May 21, 2020 / by Marie Babin
Sunday, February 9, 2020 / by Marie Babin