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Post by janetmurphey on Apr 11, 2018 6:47:56 GMT -5
One of the best reasons to hire a real estate agent is that the sellers are likely to use their own agent and you want to keep that agent from taking over the process. In fact, the seller's agent may pressure you to let him or her represent both of you, in a "dual agency" relationship that primarily benefits the seller.
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Post by troyethes on Apr 11, 2018 6:53:20 GMT -5
If your credit has already tanked, you will lose negotiating power. Also, new programs to head off foreclosure target people who don't yet have a credit problem
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Post by marcyshultz on Apr 11, 2018 6:58:06 GMT -5
The process of buying a house is complex, and most people find it's easiest to get through with an agent by their side. Paperwork will be flying around like a small tornado, and it can be helpful to have someone familiar with the process to deal with it. Other parts of the transaction will be happening quickly too hiring inspectors, negotiating over who pays for needed repairs, keeping up good relations with the sellers through their agent and more.
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Post by mcdugglescharlie on Mar 16, 2020 21:33:03 GMT -5
Perhaps you've considered venturing into the world of real estate investment yourself, and are drawn to the idea of becoming a rental property owner. With homeownership rates at their lowest levels in 50 years, now might be good time to explore that opportunity.
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Post by tracykeathes on Oct 8, 2020 6:06:04 GMT -5
Renting a vacation home is more hands-on than most people realize. You have to respond to inquiries, manage a schedule, process payments, and that’s just the booking process. Don’t forget about preparing the home for each renter and cleaning up after they leave. The good news is that hiring a property manager can take those tasks off your plate.
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Post by mattcathes on Jan 26, 2021 21:55:59 GMT -5
It might sound a little crazy, but refinancing to a loan with a shorter term, which comes with larger payments, can be a great idea for some homeowners. The reason for this is going from a 30-year mortgage to a 15-year mortgage allows you to build up equity in your property faster, which also saves you money on interest if the rates are lower.
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Post by jackielukes on Feb 10, 2021 4:21:36 GMT -5
Diversify. Changes in markets can happen quickly — before you even can begin to react. Diversifying your portfolio will help protect you during these swings, giving you time to make informed decisions.
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Post by annieillowski on Feb 19, 2021 5:29:02 GMT -5
Although owning a vacation home property comes with a lot of overhead expenses with maintenance and property charges therefore putting out the property on rental not only eliminates the maintenance cost but also helps the owner earn an extra income in the idle time when they are not visiting or utilising their property. Leaving the cost aside, owning vacation homes seems like a very profitable business as people have slowly started to realise the benefits of these hotels
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