Real Estate

The Most Common Rental Scams and How to Avoid Them

Although the internet has made finding a place to live in much easier, it’s also made it easier to get scammed. From stolen deposit fees to copied listings, there are plenty of ways to get cheated out of a rental property. The following are the most common rental scams to look out for and how to protect yourself from them. Money transfer fraud This scam happens once you’ve expressed your serious interest in renting the property. You’ll soon receive a message containing the rental contract with the instructions to transfer money — under the guise of a deposit fee or a reservation fee — to a bank account. The account and the email will most likely belong to thieves who have hacked the information regarding the rental unit and are only out to take your money. Reputable letting agents will never ask you to do such a thing, and will most likely have you sign the rental contract and go over the payment process with you in

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miniature house and a small purse of coins

Mortgages: How to Boost Your Genuine Savings in the Time of Pandemic?

Genuine savings, in general, are a non-negotiable requirement when applying for a home loan. It would take a seriously bold lender to ignore a borrower’s repayment capability without scrutinizing the size of his or her bank account. If you’re a first-time home buyer, genuine savings usually need to be equal to at least 5% of the price of your property you want to purchase. When shopping around for houses for sale that cost $500,000, you’ll need to prove to your prospective lender that you have $25,000 lying around in case you lose a primary source of income to maintain repayment. Now may or may not be the best time to buy a house in Australia due to the pandemic. But there’s a way to build up your genuine savings steadily until you satisfy the requirements of most lenders. Follow the pieces of advice below. 1. Use Your Rent Aside from actual money, you could use your rental history to beef up your genuine savings. If you’ve been

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couple buying house

Real Estate as an Investment: Is It Still a Good Idea?

As cities all over the world continue to see an increase in COVID-19 cases, many have taken to going on a second lockdown. But this has done little to deter people in carrying on with business. The first lockdown had given organizations the time to develop new processes and strategies to adapt to the new normal. As such, several companies continue to conduct transactions online, including the real estate industry. Real Estate in the Time of a Pandemic The property market is one of the few that has remained resilient since the early days of the outbreak. Many individuals continued to invest in the real estate industry, causing it to rise ahead of stocks and bonds in the market. Experts were quick to explain that this is typical in times of crisis. Excluding the 2008 Global Financial Crisis, which started in the property market, individuals and organizations see house and land packages as resilient and practical investment choices for their portfolios. Should You Invest in Real Estate?

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looking for house rentals

Transforming Your Home into an Excellent Source of Income

Investing in residential properties continues to receive a constant debate among people. Some believe that it would be best to stay in a rental property. Others strongly agree that purchasing a home is a better option. Both sides have a point, but it mostly depends on your goals. However, if you want to get long-term benefits, you can choose to purchase your own residential property. You can move to a new place. At the same time, you can transform the property into an excellent source of profit. How to Convert Your House into an Asset Some people think that purchasing house-and-land packages is automatically considered as an investment. However, if you can’t generate income from the property, it will only remain as a liability. Remember, assets are items or resources that make income. Thus, if you can’t generate profit from your house, it can’t be referred to as an asset. If you are determined to convert it into a profitable source of income, here are some ways to

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House for sale

Beginner’s Guide: Start Investing in Real Estate Business

More and more people are learning the importance of growing their income and building their wealth. Some think of ways to increase their earnings by working overtime or taking side gigs while working full-time. Others start their own small business at home. Some people are becoming more aggressive when it comes to improving their finances. These people know the powerful benefits of leveraged income. That means they know the advantage of using different methods to improve their financial status. If you want to become like these people, you have to start making investments. Indeed, getting a second job or working longer hours will help you increase your income. Starting your own business will also help you manage your finances better. However, if you want to see a significant increase in your earnings, you can consider making investments. It doesn’t mean that you can forget about side gigs or small business ideas; you can still pursue these jobs. However, it’s better if you can also make an effort

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searching for a new home

Step-by-Step Guide to Buying a Home

Buying a home is a huge commitment that involves several steps and complex processes. It’s not as simple as choosing a place and paying for the price. Because buying property is a contractual agreement regulated by law, there are several requirements that come with it. But these should not be taken as nuisances, considering that they exist to protect both parties during a home buying transaction. It’s understandable that not all people know how the process of real estate transactions goes. It’s confusing, lengthy, and complex. That’s why it’s always ideal to get the help of expert real estate agents to make the process easier and more seamless, especially for first-time buyers. But even so, home buyers must at least be aware of the basics in order to protect their interests when buying a home. Here’s a step-by-step guide to the home buying process. Set your budget The first and foremost thing that should be done when buying a home is to set a budget. Consider it

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Recent Posts

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The Most Common Rental Scams and How to Avoid Them

The Most Common Rental Scams and How to Avoid Them

September 29, 2020

Although the internet has made finding a place to live in much …

Buying a Home Without Risking Your Health During COVID-19

Buying a Home Without Risking Your Health During COVID-19

August 19, 2020

If your house-hunting plans got delayed due to the pandemic, we can't …

Mortgages: How to Boost Your Genuine Savings in the Time of Pandemic?

Mortgages: How to Boost Your Genuine Savings in the Time of Pandemic?

August 7, 2020

Genuine savings, in general, are a non-negotiable requirement when applying for a …

Real Estate as an Investment: Is It Still a Good Idea?

Real Estate as an Investment: Is It Still a Good Idea?

July 21, 2020

As cities all over the world continue to see an increase in …

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