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How to Find Rent-to-Own Homes: 6 Avenues to Try

Details: James Silver, a top Detroit-area real estate agent with 19 years of experience, knows how important a good agent is when searching for rent-to-own homes. He’s worked with 76% more single-family-home sales than other agents in his area, and he’s got extensive experience with rent …

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Tired of Apartment Life

Details: There are lots of ways to find listings of rental houses. Many websites that list homes for sale, like Zillow, also have rental listings. Check social media sites, from Facebook to Craigslist, for notices about local rental homes. Also check classified ads in the local newspaper or other local publications (look on their websites, too).

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Should I Sell My House or Rent it Out

Details: It’s all about the gross rent multiplier (GRM), which is the ratio of the price of real estate to the rental income it generates. For example, you can likely rent a $100,000 home for $1,000 per month (1% GRM), but you probably wouldn’t be able to rent a $200,000 house for $2,000.

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What Are a Tenant's Rights When Their House Goes Up for Sale

Details: With the stress of a sale, things can fall apart between landlord and tenant. “Many times, tenants will discourage potential buyers from buying,” says Ross. In retaliation, a landlord might be tempted to retaliate in some way, whether it be an unforeseen rent hike or decreasing services around the property, such as laundry or security.

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Are Rent-to-Own Homes Worth It

Details: A rent credit This is the amount of your rent that gets credited toward the final sale. For instance, if your monthly rent payments are $1,400 for two years and your rent credit is $200, you’ll have $4,800 already paid toward the purchase price at the end of the term.

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When Does It Make Sense to Own vs. Rent Your House

Details: In a seller’s market, there’s a lot of buyers and few homes listed for sale—leading to higher home prices and bidding wars over even the most undesirable homes. In a buyer’s market , there’s lots of homes available for sale, but few buyers—so there are lots of good homes …

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7 Real Estate Economic Experts Share 2021 Housing Market

Details: Virtual open houses, 3-D tours, and other tools to help buyers and sellers save time and reduce personal contact, have become much more popular, and Nothaft thinks that lower costs and greater adoption moving forward will change how we search for homes.

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23 Real Estate Listing Red Flags That the House Might Be A

Details: Heather Kerstetter, a top-rated real estate agent in York County, Pennsylvania, says a listing lacking in interior photos is a real estate listing red flag, especially when the listing has already been live for a week or more, or when the listing doesn’t mention that the home is tenant-occupied.

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'Should I Sell My House and Rent When I Retire

Details: You love your house of 30 years but it comes with too many stairs, and too much maintenance. You know you’ll be moving at some point to cut back on space and the demands on your time and body, one way or another. But selling your house to rent when you retire is a major life upheaval with inherent risks to your financial future.

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Capital Gains on the Sale of a Second Home: Do You Owe

Details: “A non-primary residence — whether it is a second home, rental property, or a ‘fix-and-flip’ — is treated as an investment asset as opposed to a place where you reside,” explains real estate attorney Rajeh A. Saadeh. “So, when the investment home is sold, any profit realized from the sale, which is calculated by taking the sale

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How to Sell the House to Your Own Child With Limited Tax

Details: Do sell your house to your child at FMV (Option 3) and then pay rent to live in now their house. This is a perfectly acceptable arms-length deal if the sale and rent are at market rates—you’re paying fairly for the “use and occupancy” of the home. Your child could even claim various rental property deductions.

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Can You Legally Sell Your Rental Property With Tenants in It

Details: Owning a rental property can be a lucrative investment, generating a steady income from rent payments and property value growth. But in a strained economy with an uncertain future like what we’re seeing in 2020, many property owners are deciding to get out of the landlord gig and offload their rental homes amid falling rent prices in many major cities.

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Sold Your Home with No Place to Go

Details: Buyers are more amenable to a seller-rent back in a tight seller’s market with high buyer demand and fewer homes on the market. In this type of market, buyers often need to be flexible with the sale terms or risk losing out to another buyer.

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How Do You Buy a House Before It’s Listed On the MLS

Details: Source: (Olivier Le Queinec / Shutterstock) The MLS and how it works. The MLS, or multiple listing service, is a type of marketplace for selling homes.The MLS is used by real estate professionals to showcase homes for sellers and find homes for buyers, with the intent of displaying houses for sale to the widest possible pool of qualified buyers.

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Should I Sell My House Now or Wait Until Coronavirus Eases Up

Details: ‘Real estate is sticky:’ Act before property values drop “If I’m a seller and I know that I’m going to sell guaranteed in the next two years, I am making sure that I get my home sold — because real estate is sticky,” says Nick Shivers, a top real estate agent in Portland, Oregon. “It’s not like the stock market that goes up at 1,200 points one day and down 2,000 the next day.

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Creative Real Estate Listing Descriptions: Words that Sell!

Details: And that’s where creative real estate listing descriptions come in. Words are the key to telling your home’s story. Mary Jo Santistevan , who’s sold over 81% more properties in Phoenix than the average agent and ranks as the #1 Agent/Team for all of Berkshire Hathaway Home Service agents in Arizona, explains: “We’re trying to paint a

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16 Home Resale Value Factors You Should Look For When You Buy

Details: According to census data from 2017, the median square footage of new homes built for sale in the United States was 2,480 square feet. If you assume that new builds reflect the current desires of homebuyers, that would mean a home around 2,500 square feet has a …

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The Case for Buying That Retirement Home Before You Retire

Details: For example, the second home needs to be over 50 miles away from your current home, and your ability to rent it out is limited. Selling your current house to buy a retirement home offers up several benefits worth considering: You won’t need to juggle two mortgages; You’ll be moving into your retirement home while you’re still young and able

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How to Rent Your House: A Guide for Would-Be Landlords

Details: Dena Landon is a writer with over 10 years of experience and has had bylines appear in The Washington Post, Salon, Good Housekeeping and more. A homeowner and real estate investor herself, Dena's bought and sold four homes, worked in property management for other investors, and has written over 200 articles on real estate.

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Help! What Does ‘Under Contract’ Mean in a Listing Status

Details: Source: (Stanly8853 / Pixabay) Step 1: Seller puts their house on the market. When a seller decides that it’s time to put their house on the market, they’ll reach out to an agent who then will research the property and collect data about the neighborhood.Then they’ll meet with the seller to go over the information they’ve gathered and they’ll recommend the listing price.

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How do Rent-to-Own Homes Work

Details: Basically, a rent-to-own real estate purchase means that you can live in the house as a renter with the intent to close on the home at a date in the future. Amani Warden , a real estate agent with years of rent-to-own experience in Tampa, Florida , says it’s important to realize that there are two different types of rent-to-own contracts.

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How to Go About Renting Furniture for Staging Your Home

Details: “In a $200,000 house with room size or layout challenges, I may ask the owners to buy, borrow, or rent just a couple of pieces for those rooms so that I can stage it,” says Pappalardo. “But for homes at a higher price point, like a $500,000 luxury property, I don’t even play, we just give it to a …

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How to Find Cheap Houses to Buy: 4 Ways to Score a Deal

Details: Source: (Vincent Gerbouin / Pexels) Finding cheap houses: Homes currently for sale. To find a bargain, look closer at MLS listings. Target homes that have been on the market for a long time.Those sellers are usually willing to make a deal, particularly if the buying season in your area is almost over and they need to move.

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Coronavirus and the Real Estate Market: Is Now the Time to

Details: Depending upon the local market, fix-and-flippers may find some good real estate values as the supply increases due to uncertainty in the market. Houses may sit “for sale” on the market as buyers wait out the hesitancy of the pandemic. Sellers usually demonstrate a greater willingness to negotiate when their homes sit on the market for a while.

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Top 7 Questions to Ask Your Agent Before You List Your

Details: Top agent Dawn Krause. According to top real estate agent Dawn Krause, who ranks at #2 out of 1,475 seller’s agents in the Wildwood suburb of St. Louis, MO, “It’s super important to make sure that we are appealing to the largest palette for today’s tastes, that we are a neutral choice for buyers.”. If you’ve recently painted your walls within the last year in a neutral color like

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Should You Sell Your House Now or Wait It Out With Patience

Details: Sell your house at the wrong time and the consequences of that careless decision will haunt you down the road.. Hang on too long when you’re in financial trouble and you could end up with a foreclosure or short sale.Jump the gun out of fear when the market’s down, and you’ll miss the upswing right around the corner.

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Selling a House on Craigslist: The Case for and Against It

Details: Craigslist may be good for certain real estate sales. Certain homes—along with your lugnuts and your toaster—may be a good fit for life on Craigslist. Houses must pass certain standards to take out a mortgage on them, so if a house doesn’t meet these standards, Craigslist could be a …

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Your Home Staging Cost Breakdown: 5 Ways to Avoid Sticker

Details: In essence, professional stagers blend interior design skills with real estate marketing strategies to transform homes into showcases that appeal to the largest pool of buyers. “I’m a huge advocate of staging,” says top real estate agent Dawn Krause , who ranks at #2 out of 1,475 seller’s agents in the Wildwood suburb of St. Louis, MO .

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Should I Sell My Rental Property, or Keep Holding On

Details: Shea Adair, a real estate investor in Raleigh, North Carolina, says a good rental property can survive on its own without any money from the owner. “That means the rent payments can cover the MITI [mortgage, insurance, taxes and insurance] and also …

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Should You Sell Your House Before a Recession Hits

Details: A survey by the National Association of Realtors in April of 2020, 41% reported that sellers are delaying the sale of their homes for a couple of months, and another 7% are deciding not to sell indefinitely. Just over 30% say that sellers are continuing with the sale process, with nearly half of those sellers opting for contactless methods.

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Selling Your Vacation Rental Property

Details: 1031 exchange: If you take the money earned from the sale of your vacation rental and invest it in a “like-kind” rental property, you can defer the capital gains tax, per the 1031 exchange rule. You’ll have to act quickly, though: The IRS requires that sellers choose prospective like-kind properties within 45 days of selling the original

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It’s Time to Start Shopping for Houses! How Long Should a

Details: Peaks suggests taking notes about each house that you visit in order to remember what you like and dislike about it. Additionally, he regularly asks clients “to rate the homes themselves as an ‘A,’ ‘B,’ or ‘C’” in order to help determine which ones they like best. Upon viewing a house, there are a few different feelings you may

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What’s an MLS (Multiple Listing Service)

Details: If you’ve bought or sold a house, you’re probably very familiar with an MLS, or multiple listing service. Since 64% of members of the National Association of Realtors said that their most valuable technology tool was the MLS, it’s not surprising that buyers and sellers alike should have a good understanding of why it’s important.. If you haven’t heard of the MLS, there’s a good

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How to Determine the Value of Your Home in 8 Easy Steps

Details: Her work includes copywriting and content marketing for real estate professionals, stories covering real estate trends and housing markets, and varied articles on decor and design. In addition to buying and selling several homes herself, she's also owned and managed rental properties, and previously worked in mortgage lending.

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5 Types of House-Buying Companies that Will Buy Your Home

Details: Source: (Aleksander Vlad / Unsplash) What is a house-buying company? As the name implies, these companies buy homes directly from homeowners. The main benefit for sellers is that home buying companies, by way of paying for a house from their cash reserves, can offer a much faster, simpler process than a traditional Realtor or FSBO sale.. Owen Dashner, owner of Red Ladder Property …

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Should You Sell Your House to a Home Investor

Details: A buy-and-hold investor can be a real estate beginner who’d like to try their hat at becoming a landlord or a large Wall Street-backed institution such as Invitation Homes. A buy and hold investor targets single-family homes or condos in a growing neighborhood, ideally in turn-key condition for maximum rent potential.

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Should You Sell Your Current House Before You Buy a New One

Details: HUD conducts research on over 100 major U.S. cities, releasing a regional report every two to three years which covers the city’s housing market trends including the average home sale price and time on the market, the amount of homes for sale, and relevant economic factors such as job growth rate, population, and average household income.

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How to Deal With Your Homeowners Insurance When You Sell

Details: Because of the various add-ons in coverage, homeowners insurance can be confusing, even without the details of a real estate transaction. The majority of U.S. homeowners and rental insurance customers in a 2017 J.D. Power survey—52%—said they did not have a clear understanding of their policies. Most mortgage lenders require homeowners

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How to Buy a House in Cary: Your Guide to Finding a Home

Details: Top real estate agents in Cary sell homes 100.7% faster than their competitors, closing out hundreds of transactions each year. Connect with a top agent today to buy a house in Cary you love and enjoy all this thriving city has to offer. Header Image Source: (Farid Sani / Shutterstock)

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Can You Really Buy A House Online

Details: The thought of buying a house online, without ever stepping foot in it until you move in, seems ludicrous. But society has shifted and adapted to the fallout from the coronavirus, largely by digitizing as much as possible, including the real estate market. The good news is, if you could benefit from buying a house online, you can absolutely do so.

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Pros and Cons to Weigh When You Sell a House Before a

Details: Source: (Clayton Bunn / Pexels) Pros of buying a house during a recession Inventory and opportunities to buy increase significantly. One of the major downsides of a recession is that some people may no longer be able to afford their homes, and they’ll need to put their houses on the market to avoid foreclosure and ruining their credit.. For buyers, this is a good thing because the housing

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What Owning a Rental Property Can Teach You About Selling

Details: Never Forget that Real Estate is a Business. Eager or timid landlords can easily find themselves being taken advantage of by renters. Allowing for late rent payments, trusting tenants to take care of the property, or not requiring a signed lease agreement are …

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How Long Do You Have to Sell a House as the Executor

Details: List the house for sale. As an executor, you may be wondering if it’s necessary to list the home on the open market. While there may be exceptions—such as a property that is already subject to certain binding agreements like a lease or an option to purchase—attorney Jamie Hargrove, CEO of NetLaw Group, generally recommends listing the home.

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What Does An Appraiser Look For

Details: A former residential real estate agent in the Columbia, SC area and sales administrator at a commercial real estate firm, she now uses this experience to help guide readers. Summer currently resides in Nuremberg, Germany, where she fulfills her passions of food and travel and avoids her dislikes of mayonnaise and being trapped in an office.

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In the Military, Selling a House

Details: Source: (sad444 / Shutterstock) 4 crucial tips for military home sellers. As you get ready to sell, follow some of the advice from real estate agent Chris Norton, a decorated veteran, and top-producer in Trenton, New Jersey.He sells homes 49% quicker than the average Trenton, New Jersey, agent, and his client list often includes active duty members and veterans.

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Is Retiring with Rental Properties the Right Move for You

Details: “It’s standard to have a 20% down payment to get a mortgage on a rental property,” says Steve Behringer, a senior broker with Kruse Acquisitions and private real estate investor who currently owns 68 single-family rental houses. And when you’re buying a rental, it’s almost like you’re a first-time home buyer again.

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Flipping Houses 101: How to Find a Property, Rehab It, and

Details: Unfortunately, real estate is no fairytale. If you’re lucky, you’ll be flipping in a market where there’s a balanced number of homes for sale and buyers available, although there will be plateauing home prices. You’ll pay a little more for the house than you would in a buyer’s market—but not as much as you’d pay in a seller’s

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Buying a Short Sale vs Foreclosure: What’s the Difference

Details: Distressed sale: When a homeowner needs to sell quickly, and potentially (but not always) at a loss. Short sale: A type of distressed sale in which the sales price is less than what the homeowner owes on the property. Preforeclosure: When the homeowner has missed three consecutive payments, the bank or lender files a notice of default. Homes in

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