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8 Red Flags to Help You Spot a Rental Scam Real Estate

Details: If the rental listing's photos sport a watermark – which is used to identify the owner of the photo – proceed with caution. Scammers sometimes illegally pull photos from the local multiple listing service, where properties are listed for sale by real estate professionals. When a photo appears with an MLS watermark, the person who posted the rental doesn't have the original photo because he

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What to Expect From the Housing Market in Summer 2021

Details: Kim Reidy, director of relocation and senior broker for Seattle Rental Group, the rental arm of brokerage Pointe3 Real Estate, says landlords in the Seattle area are reporting that they receive between 50 and 100 emails from interested renters within 24 hours of listing a single-family house for rent online. She also says she's been in touch with more than 1,000 people looking to move into

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Why You Should (and Shouldn't) Sell Your Home in 2021

Details: The average interest rate as of Dec. 10 was a record low of 2.71% for a 30-year, fixed-rate mortgage, according to Freddie Mac. This isn’t the first time since the start of the pandemic that mortgage rates have set a record – the first time was on March 5, when Freddie Mac reported the average rate was 3.29%, a 50-year low for mortgage interest rates.

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25 Cheapest Places to Live in the U.S. in 2020-21 Places

Details: Average Rent < $500 - $2,100+ Median Home Price < $20,000 - $1,020,000+ Commute Time < 20 minutes 20 - 30 minutes 30+ minutes. Buying or selling a home? We analyze millions of real estate transactions to compare agents near you. Find A Top Agent. View All 64 Photos .

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The 10 Best House Hunting Apps in 2021 Real Estate US News

Details: This is the most downloaded real estate app for both Apple and Android phones, and it includes Zillow's signature map and home value estimate tools. Zillow reported an average of more than 201 million unique monthly visitors for the fourth quarter of 2020, and its app is a popular method for users to explore the platform, which has more than 135 million homes in its database.

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6 Great Tiny House Communities Real Estate US News

Details: The versatility of tiny houses and their ability serve both personal preference and lower-cost need is what’s driving the surge in popularity of tiny homes, Dobrowolski says, who has seen the Escape Traveler building company continue to grow as more people look to purchase a tiny house.A tiny house can cost between $10,000 and $60,000 to build from scratch, compared to the median home …

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6 Common Home Code Violations and Questions to Ask

Details: A real estate transaction typically includes a general inspector like Davis, who checks for deficiencies in the home or perhaps poor workmanship that could affect a person’s desire to purchase it or a lender’s willingness to issue a loan. City inspectors, who check for code compliance, are rarely – if ever – involved in a real estate

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The Buyer and Seller Guide to a Real Estate Bidding War

Details: Normally, a buyer might make an offer on a home based on his or her perceived value of the property. The seller should then counter the buyer’s initial offer, and in the classic form, a back-and-forth negotiation would occur until a deal is struck at a price to which both parties agree.

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What Homebuyers Should Look for When Touring a Home Real

Details: Real estate moves fast these days, and that means you may not have as much chance to look at a home as you would in a slower market. Often, you must decide whether to make an offer on a house within hours of viewing it, rather than scheduling an appointment to see the house again with your best friend, parents and cousins.

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7 Online Tools to Help You Estimate Your Home’s Value

Details: "The more the house is an outlier, the more difficult it is for anyone to price it, whether it's a human or a computer," says Glenn Kelman, CEO of Redfin, which recently launched its own automated estimate tool. "The hardest things we had to deal with was which homes …

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5 Things to Know About Buying a Property With a Tax Lien

Details: But if the lien, combined with the mortgage on the house, adds up to more than the sale price, the deal can get tricky. If you owe $300,000 on your mortgage (or mortgages) and have a tax lien for $10,000, a buyer's offer of $295,000 doesn't cover your total debt.

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Should You Delay Homebuying During the Coronavirus

Details: Clearly, the real estate marketplace is in a holding pattern as people try to figure out what's ahead for the economy and health of the U.S. For a homebuyer not worried about his or her income, this could be a great time to get a deal. The buyer pool has shrunk, which gives the ready and able buyer a real advantage.

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The Best Affordable Places to Live on the West Coast

Details: Best Places 2019 Rank: 123 Metro Population: 724,153 Median Home Price: $352,350 Median Annual Salary: $46,770 Income Spent on Living Expenses: 27.42% The 12th-most expensive place to live in the U.S., Stockton ranks No. 123 on the overall Best Places to Live list. The median annual salary for the Stockton metro area is $46,770, nearly $4,000 below the national median of …

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Your Guide to the Housing Market Real Estate US News

Details: Because the housing market crisis was so widespread, it remains vivid in the minds of many people as they prepare to buy a house, sell a house or invest in real estate. Some in the real estate industry note similarities, like sale prices, in the current housing market to years like 2005 or 2006, which led to the bubble burst.

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Outsmart the Competition: Buy a Home That's Not Even for Sale

Details: The National Association of Realtors reports that while the total number of home sales increased in 2017 compared with the previous two years, the amount of inventory decreased – 1.46 million homes were on the market last December, nearly 200,000 fewer homes than in December 2016.

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The Guide to Making and Accepting an Offer on a Home

Details: Calculate the bottom line for the deal. If buyer offers $500,000 for your house but asks you to cover all closing costs, you’d likely take home $5,000 to $25,000 less than $500,000, and that's not accounting for the real estate agent commission, which could be $30,000.

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How Buyers Can Make the Most of a House Tour Real Estate

Details: Talk to your real estate agent about any schedule the seller’s representative may have set up. Holly Gray, a real estate broker for Re/Max Pacific in Bellevue, Washington, says it’s common for houses to go on the market on a Thursday, with plans to review offers the following Monday or Tuesday. It’s important to tour the house as soon as possible once it’s on the market so you have a

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Everything You Need to Know About a Pending Home Sale

Details: But real estate deals can fall through for a variety of reasons, so a pending sale isn’t a done deal. While you may not be able to submit a formal offer while the deal is pending, you can ask your agent to get in touch with the listing agent to inquire about the deal and potentially get a heads-up if the property goes back on the market so

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5 Tips for Tenants Renting a Foreclosure Property Real

Details: In a normal sale of property, the lease agreement is not terminated in most cases. The new owner becomes the new landlord and is obligated to follow the terms of the lease. As long as you, the tenant, continue to pay rent and comply with all the terms of the lease agreement, you are entitled to remain in the property until your lease term expires.

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How to Take Real Estate Photos When Selling Your House

Details: Once a residential property is listed, there’s a strong argument that it’s now a product for sale and no longer a home that endures the mess of daily life. To achieve as high a price as possible for this product, which likely is your largest asset, you’ve hired a broker to advise and shepherd the process.

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It's Not All or Nothing: How Home Staging Works Real

Details: Real estate agents often believe home staging should only be used if the space is vacant, because very few buyers can visualize the potential of a space. A vacant staging is when the stager will rent furniture and accessories to dress up an empty space. The stager will be there for the delivery and set everything up so it’s ready to show off.

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Should You Buy a New Home Before Selling Your Current One

Details: In some cities, the supply of homes for sale is much smaller. Current market dynamics could play a large role in deciding whether buying first or selling first is the right move. In a buyer’s market, it’s possible to make an offer on a new house contingent on the sale of an existing home.

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How to Sell an Ugly House Real Estate US News

Details: "Price solves all problems," says Bruce Ailion, a real estate agent and attorney in Atlanta. In addition to selling homes, Ailion manages a hedge fund that buys and rehabs properties to rent or flip. So he has purchased a few dumps in his day.

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Mother-in-Law Suites: Should You Add One to Your Home

Details: Working with a real estate agent to find the right property can be helpful. Lundin specializes in working with buyers looking for duplexes, triplexes and quadplexes, often for investment purposes. She works with clients to make sure the potential cash flow lines up with the costs of the property – a detail she says buyers must consider when they're planning to live on a property and rent

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Do You Need an Open House to Sell Your Home

Details: An open house invites people to tour a home that is for sale. A listing real estate agent often schedules two different types of open houses: a "broker only" open house to other agents, during the day on a weekday, and an open house that's open to the public, typically on a Sunday. Usually, an open house lasts about 1.5 hours with the goal of attracting a buyer who is out and about looking at

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How Much Does It Cost to Buy a Mobile Home

Details: Before you get started, know that mobile homes and manufactured homes are essentially the same thing. The U.S. Department of Housing and Urban Development defines a factory-built house as a mobile home if it was built before June 15, 1976, and as a manufactured home if it was built after.

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How Do Real Estate Commissions Work

Details: NAR's 2020 Profile of Home Buyers and Sellers reports that in 2019, for-sale-by-owner homes, or FSBOs, sold for a median price of $217,900 nationwide, while the median home price of agent-assisted homes was $242,300. So while you may be keeping at least 3% of the home sale price to yourself (assuming you are willing to pay the buyer broker's

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Where Have All the Starter Homes Gone

Details: With low housing inventory and new construction focused on luxury condominium and apartment buildings, homes that would have once been considered entry level – those on the lower end of price range, typically most affordable for buyers entering the market for the first time – may now exceed starter home prices.

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What Is a Home Appraisal and Who Pays for It

Details: But when a property is unique for the area or few homes have sold recently, "you might have to expand your location parameters to find a similar home throughout a wider area," Schley says. When possible, an appraiser will also visit the property to examine the home's condition and see any features that would affect the appraised value.

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7 Things to Do Before Buying a Flipped House Real Estate

Details: Real estate investor Stewart McCullum renovates properties in the Seattle area to rent and sell. He says it can be tricky to discern the good from the bad flipped houses, simply because contracting for flipping is largely unregulated, which makes it hard to tell who has the adequate skill set and experience. "There's so much gray in the world of contracting, and that's why things go wrong," he

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How Much is My House Worth

Details: A Simple Sale price is the highest all-cash bid from HomeLight’s network of real estate buyers, which is typically 90-95% of your home’s market value. If you want to better understand your home’s full market value we will connect you with a top real estate agent.

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7 Easy Tips to Stage Your Home's Exterior Real Estate

Details: Update Structural Issues. Consider updating projects that will make a big impact on the look and resale value of the home. Repairs like, roofing, siding and replacing windows are not only considered a cosmetic improvement, but can enhance the structural integrity of the home. According to Remodeling Magazine's Cost vs. Value Report for 2016, a homeowner can recoup more than 70 …

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The Best Real Estate Apps to Download Real Estate US News

Details: The company has expanded into instant offers for fast sales, mortgage lending and real estate broker services. The Zillow app is a mainstay for those seeking homes for sale or rent, and if you're a seller, you can use it to update the property description and list of home features as well as add new photos to showcase the property.

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5 Real Estate Trends to Know Before You Sell Your Las

Details: Real estate experts point to a historically low number of homes for sale in Las Vegas, or low inventory, as being indicative of a seller's market. But, homeowners who are considering selling are becoming aware of the market dynamics.

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6 Do's and Don'ts for Selling Your First Home Real

Details: Homes that sold for between $500,000 and $1 million accounted for 12 percent of sales nationwide, and just 3 percent of homes sold for above $1 million. To better prepare yourself for putting your property on the market, follow these six do’s and don’ts for first-time home sellers:

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Want to Invest in Real Estate

Details: If you’ve been considering delving into the world of real estate investment for a while, you know there are a dozen different ways to get involved. You could flip homes, be a silent partner in a rental property, own and manage an apartment building or even list a spare room on Airbnb.

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4 Things to Know Before Buying A Tiny House in Los Angeles

Details: Due to the skyrocketing costs of real estate in Los Angeles and the growing trend towards living a minimalistic lifestyle, more people are considering alternatives to the traditional residential living spaces like single-family homes, condos and apartments. One of those options is a tiny house.

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How to Overcome Challenges as a Second-Time Homebuyer

Details: He terms the current real estate atmosphere a “mosh pit market.” “You jump in and there’s a lot of pushing and shoving, and you hope you come out with a contract.” While some challenges – such as the lack of homes for sale – affect first-time and second-time buyers equally, others are unique to the second-timers.

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Why Your Home May Not Be Selling, Even in a Seller’s

Details: The price is too high. Any house, in any condition, will sell – if the price is right. But buyers expect discounts for dated kitchens, old plumbing, bad paint colors and, yes, even clutter. The danger of setting a price too high and then dropping it gradually is that when a home stays on the market too long, especially in a fast market, buyers assume there is something wrong with it and don

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The Guide to Selling Your Home Real Estate US News

Details: Listing your house a bit before spring starts can also be a useful strategy, says Lisa Morales, a Realtor with Coldwell Banker West Shell in Cincinnati. “February is a great time to list a house: No. 1, the days are a little bit longer, and people get the itch to get outside because they’ve been in the house all winter long,” she explains.

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Should I Buy a House Now

Details: A good first step is to simply ask yourself: “Should I buy a house right now?” The answer may not be as clear-cut as you think, as there are many details to contemplate. Those include your current life circumstances, career trajectory, your financial makeup and asking yourself whether you’re ready to become a homeowner .

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How Will a Recession Affect the Housing Market

Details: The National Association of Realtors reports that the median price for existing homes in April was $286,800, a 7.4% increase from April 2019. The number of sales of existing homes that closed in April, however, was 4.33 million, a 17.8% decline from March and a 17.2% drop from April 2019.

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What You Should Know About Moving to Hawaii Real Estate

Details: Both Bakewell and Howell report that there is low inventory of homes for sale or rent in Hawaii, so if you’re moving to the area, be prepared to compete with others who are looking for a home. “Buyers who will be using a mortgage to purchase should have their finances in order and be ready to move on something quickly when they find the

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The Rise of the Single Female Homeowner Real Estate US

Details: Single women may not have as much buying power as single men, but they aren't letting that stop them from achieving homeownership.While a 2018 Zillow study indicates single women can only afford to purchase 39 percent of U.S. homes on the market, they are buying them at a rate that far exceeds that of single men, who are able to purchase more than half of the homes currently for sale.

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