Real Estate

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Guiding Tips You Should Follow When Buying a Home

Everyone has got their priorities when it comes to buying a new home. The process of purchasing a new one is quite complicated, but if you arm yourself with the right tips, you will get a good home with the features you need. The realtor you choose will also want your list of the features you need in a new home. Knowing what you need helps you narrow down your choices and choose the best. Here is how to choose an ideal home. Do Your Research in Advance It is essential to start doing your research early enough by reading newspapers, magazines, and websites with real estate listings. Note down the homes you may be interested in buying, their features, and market prices. You might also need to estimate how long they are likely to stay in the market. You should also pay attention to price changes to understand the housing trends in different locations. Determine the What You Can Afford Before anything else, it is crucial

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Renting 101: What Should You Look for in a Landlord?

As a tenant, you want to know you are engaging in business with the right landlord. Landlords can be people or businesses that own and manage properties. They lease properties to tenants in return for monthly or quarterly payments, depending on the terms agreed upon during lease contract signing. What do landlords do to find tenants? Landlords are tasked to thoroughly examine a potential tenant’s history as someone who rents living spaces. They can perform background checks, pull out credit reports, cross-check references, request records of previous and current employment, and other processes before letting a tenant rent one of their properties. Landlords use the services of estate agents to find potential tenants. However, a potential tenant found by letting agents are not automatically qualified in the eyes of landlords. Again, landlords go through numerous processes before letting any stranger into any of their properties. What do tenants look for in a landlord? In the business of property renting and leasing, it is not only the landlords that examine

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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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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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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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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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Guiding Tips You Should Follow When Buying a Home

Guiding Tips You Should Follow When Buying a Home

December 4, 2020

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Renting 101: What Should You Look for in a Landlord?

Renting 101: What Should You Look for in a Landlord?

November 17, 2020

As a tenant, you want to know you are engaging in business …

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 …

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