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Found 56 entries published by Aimee Malmberg.

 

The key to effectively managing a single-family rental property during any economic cycle hinges on an investor’s ability to maximize their property’s value.

As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues.

So, what can an investor do during the current economic situation to protect their asset? What immediate steps can they take to curtail delinquencies, sign new tenants and avoid long-term vacancies? 

The first step is to ensure that the property generates steady monthly rental income in the most efficient manner, even when renters are losing their jobs. Oftentimes, ensuring that a rental produces steady returns, while minimizing

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The coronavirus pandemic and, especially the lockdown that has had people around the world sheltering in place, may have forever changed how we perceive “home” and what we are looking for when it comes to our little place in the world.

“The coronavirus pandemic has many Americans rethinking the kind of lifestyle they want,” said MANSION GLOBAL. “Apartment living in central, densely populated urban areas is losing its appeal as residents are subject to building restrictions and risk coming into contact with people infected by the virus.”

Real estate agents and companies across the country are reporting a heightened interest in buying homes in the suburbs. In many cases, buyers are even accelerating their purchases to get out of the city

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The growing trend of working remotely could untether Americans from office spaces in pricey areas and prompt them to buy homes elsewhere. Home sales in the suburbs as well as smaller, less expensive cities could see a boost that continues beyond pre-pandemic levels, The Wall Street Journal reports.

Some tech companies, including Facebook, Twitter, and Square, have already announced that they will allow select employees to work remotely full time. They expect half of their workforce to work remotely within five to 10 years. Facebook CEO Mark Zuckerberg says that about 75% of his employees have already expressed an interest in moving to a different city if they could work remotely.

The insurance company Nationwide, based in Columbus, Ohio,

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While many of us are hunkering down there are those among us who find themselves in a position where they need to enter the Real Estate Market as either a Buyer or a Seller. Job changes, lifestyle changes and/or financial changes typically make this necessary and right now that can be a scary process. Entering someone elses home or allowing strangers to enter your home causes a variety of concerns that are all very valid. 

These measures are in place to protect Buyers, Sellers and Properties during this time:

  • Open Houses are not permitted at this time.
  • All Showings are by appointment only.
  • There cannot be any overlapping showings.
  • Only Pre-Qualified Buyers ready to make an offer on the right home are permitted to tour.
  • Only 2
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Excited about that FHA loan because it means you can buy a home with 3.5% down? That minimal down payment is certainly an incentive. But is it your best option? It might not be, because of a little thing called mortgage insurance, which can end up being a BIG thing since it makes your monthly payments more expensive.  

First, a little primer on mortgage insurance. “Mortgage insurance protects lenders from losing money if you default on the loan,” said NerdWallet. “Most lenders require private mortgage insurance (PMI) for conventional loans when the home buyer makes a down payment of less than 20%. All FHA loans have mortgage insurance, regardless of down payment amount.”

Mortgage insurance can cost homebuyers hundreds of dollars

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When it comes to buying your first home, are there two words that are more unpleasant and unwelcome than “down payment?” How about “closing costs?” That’s because first-timer buyers are often surprised by this expense, or at least confused about how much they will need to pay. 

Additionally, buyers may not understand that some of the fees under the closing costs umbrella are not set in stone. Yes, there are ways to save money on closing costs. We’re breaking down the potential savings. 

What are closing costs?

First, it’s important to understand the role closing costs play in your mortgage—especially because we’re not talking about a measly amount. Closing costs can range from 2–6% of the total cost of your loan. So, on a $250,000

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An open house is an opportunity to walk through a house that's for sale without the need to bring along a realtor. It is a common practice for real estate agents to hold open houses but is it actually an effective way to sell a house? Here are some things to consider before having an open house.

Who does an open house really benefit?
The primary reason real estate agents have open houses has less to do with actually selling your home than it has to do with connecting with new potential clients. Because most of the people going to open houses are not working with an agent it is a perfect opportunity for a real estate agent to try to connect with someone who may have a home to sell or need buyer representation.

Do open houses actually bring qualified

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In previous generations, when homeowners reached a certain age, they started thinking about reverse mortgages and even assisted living. But many of today’s seniors are looking to buy a home, opting to downsize or even buy their dream place.

New data from the National Association of Realtors® shows that, together, young baby boomers, older baby boomers, and the silent generation comprised 39 percent of the buyers in 2019. Senior-related housing only accounted “for 13 percent of buyers over the age of 50; that number was eight percent for buyers 54 to 63 years and 29 percent for buyers 73 years and older.”

If you're in one of these demographics and are weighing the pros and cons of buying a home, read on. There are a number of factors

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There’s a myth that the real estate market shuts down over the holidays and that it’s a terrible time to buy a home—because who wants to buy a home when you could be spending that time with family. You saw where we said “myth,” right? 

The truth is that buying a home over the holidays can yield you a great deal while minimizing the competition. Here’s what you need to know if you’re in the market now. 

Look past the sparkle

You’re going to see some inflatable Santas and lights galore. Some homes might have 20 years of holiday décor displayed throughout every square inch. While these sellers may have been smart to declutter and keep the holiday stuff light this year, it’s up to you to try to see beyond it. What do the bones of the

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Cluttered houses are inconvenient and aesthetically unpleasant. Fortunately, there are plenty of ways you can get a neat, clean, organized house that looks great and puts everything within reach. Here are five easy tips to clear the clutter and win back some elbow room.

  1. Don't attempt too much at once. There are too many other demands on your time and at some point you will give up or be forced to give up. It is better to clean a little clutter every day for weeks than attempt a huge, failed one-time blitz.
  2. Lessen the flow of items into your house. Clutter comes about from too many possessions; get less, and you control clutter easily. One good rule is to throw out something old every time you obtain something new. If clutter is severe,
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