renting

Why You Should Hire A Real Estate Agent

The real estate market of today is more accessible to individuals than ever. Even though you can search for properties on many websites, including our own, you’re likely to get more out of your buying or selling experience by hiring a real estate agent. Here’s why: Getting Great Deals Real estate is one of the few markets where you’re expected to haggle a price. Working through a transaction that is fair to both the buyer and the seller can be difficult without a liaison. Real estate agents are the professionals to consult when deciding and negotiating a bid for a home. Instead of blindly hoping that you can haggle a million-dollar house down to your budget of $850,000, or paying (or listing) much more than market value for a property, speak to an agent about where to set your price points. Talking Through Terminology From escape clauses to contingencies, there are a lot of real estate terms you’re going to have to navigate in order to buy the right home for you. While you could search for the definitions of all these terms yourself, you could also ask for an expert to help you make sense of contracts and listings. Google […]
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6 Fees To Be Aware Of When Buying Or Renting A Home

Whether you are thinking about buying or renting a home, you’re likely to have gone over the costs multiple times in your head. Double-check your budget with these fees to make sure you’re ready to make your purchase. Deposits It seems like a no-brainer, but deposits can quickly become unexpectedly high fees. Generally, putting down a deposit requires that you pay two months’ rent, but often can be as high as three months’ rent. In a perfect world, that cost will come back to you eventually – but it shouldn’t be something you factor into your budget as a guaranteed reimbursement. Application Fees Renters beware, application fees can pile up quickly. When filling out paperwork to rent a home, almost every renter charges a fee (often $55 or more) in order to put in an application. If you’re renting with a spouse or housemates, they’ll also have to pay the same fee when they apply to rent the home. Buyers should also keep application fees in mind when taking out loans to purchase a property. Amenities And Utilities Amenities, while often convenient, also have some lurking fees that go along with them. Club fees, maintenance and laundry (if there aren’t in-unit machines) […]
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Benefits of Renting Out Your Property

Renting out your house might be something you’ve been thinking about for a while but can’t seem to make up your mind about. Don’t worry, it’s natural. Leasing your property to someone you don’t know can be unnerving. However, if you do it right, it can be one of the best financial decisions you have ever made. When to Consider Renting Your House There are several situations where renting out your property may be a good idea. Most owners decide to rent if they can’t find buyers and others when they owe too much to sell. You could also be thinking about renting because you’re being transferred at work or relocating permanently. The best reason to rent out your house, however, is to build wealth. Real estate investing is an excellent field to get into for anyone looking for financial freedom. Even if you don’t have the money to acquire dozens of properties, renting out is the perfect place to start. Why You Should Rent Out Your House Turning your property into a rental has many financial benefits. Let’s look at what you stand to gain from leasing out your place. Increase Assets There is a common belief that buying […]
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