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What to Expect From the Housing Market in 2021 | Real

Details: The coronavirus pandemic that took over much of 2020 led to some unexpected outcomes in the housing market.After a brief initial period of low activity in home sales, homebuyer activity vastly outweighed available homes throughout much of the U.S. for the remainder of the year as people sought more space, ideal home features and affordability.

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The Best Real Estate Apps to Download | Real Estate | US News

Details: 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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Understanding the Los Angeles Real Estate Housing Market

Details: The real estate market was a bit more balanced for buyers and sellers before the coronavirus pandemic led to shelter-in-place orders and a sharp decline in housing market activity, though multiple offers on a home were still common. Since the orders lifted, however, Lindsay Katz, a real estate agent with Redfin in the Los Angeles area, says people are eager to correct issues they found with

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Should You Rent or Sell Your Home? | Real Estate | US News

Details: Determining whether a property is a good investment takes research and analysis, and it's wise to take your time in making the decision because it's a major one, real estate experts say. "You will break even if you rent out a place in some cases, and in most cases you will be profitable," says Walter Molony, an economic issues spokesman for the

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What Tenants Can Expect From Trump’s Executive Order

Details: Bailey adds: “With (just) an eviction moratorium, there are no resources for landlords to be able to cover the mortgage of the property, pay their property taxes, do general building upkeep (and) all those things that the rent pays for.” Resources for those experiencing homelessness.

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How Investors Can Identify a Great Rental Property | Real

Details: Even when you’re just renting out a single-family home or duplex, real estate investment isn’t as easy as it may seem. A smart investment requires a look at market rents, a calculation of income potential and consideration of additional costs to both prepare a property to rent and make long-term repairs.

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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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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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6 Risky Moves Homeowners Make When Selling | Real Estate

Details: Moving out of your home, so you can sell it more easily. Closely related but different. Maybe you decide on purpose to rent an apartment, or you're going to move in with a family member, while you sell your home. That's fine, as long as you're prepared that things may not work out the way you want them to, says Dylan Diersen, a real estate agent with First Weber Realtors in Appleton, Wisconsin.

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5 Scents That Make Sense When Selling a Home | Real Estate

Details: The sense of smell can sway a homebuyer when it comes to spending time in a space during an open house.When preparing a home for sale, homeowners need to remove the sources of bad odor first.Bad smells that deter buyers include cooked food, home appliances, clothing and shoes, pets, smoke and mold – even dusty air vents can cause put a stank face on homebuyers.

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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 price

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How to Become a Landlord | Real Estate | US News

Details: Here are five best practices to consider before listing your property for rent. By Tania Isacoff Friedland , Contributor Dec. 10, 2020 By Tania Isacoff Friedland , Contributor Dec. 10, 2020, at 9:23 a.m.

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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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How to Sell a Teardown House | Real Estate | US News

Details: The time has come to sell your house, but after more than a few years living there – and a little wear and tear – it doesn’t exactly look like the freshly flipped homes or renovated beauties you’re seeing listed online.

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How Much Does It Cost to Sell Your Home? | Real Estate

Details: But the benefits of staging come with costs. In New Jersey, where Parziale operates, a vacant, one-bedroom condo could absorb over $1,000 in staging fees and furniture rent for three months. For suburban, three-bedroom houses, the charge easily surpasses $5,000.

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Real Estate | The Latest News on Real Estate

Details: Nov. Existing Home Sales Fall 2.5%, Following Record Summer. The market for existing homes cooled slightly in November, the National Association of Realtors said Tuesday, after climbing through the late spring, summer and early fall despite the pandemic.

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What You Need to Know About Florida Landlord-Tenant Law

Details: As the population of Florida continues to rise, new housing isn't being built fast enough, and rents are rising fast as a result. For example, rental property information company Apartment List's 2018 Cost Burden Report found that 62.7% of Miami's renters are cost burdened, meaning they're required to spend more than 30% of their income on rent.

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How to Stage Your Home to Sell | Real Estate | US News

Details: Many professional stagers own furniture to be rented while a house is on the market, or you can rent from a local furniture place while your house is still being shown by your real estate agent. Jay Britto and David Charette are the principals of the Miami-based interior design firm Britto Charette.

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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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How to Vet a Neighborhood Before Moving | Real Estate | US

Details: Take a look at real estate information sites like Zillow, Redfin, realtor.com and Trulia and see how many houses on your potential street are currently for sale or rent, as well as recent sales. Too many may indicate a possible drop in property values, while very few could be a sign that the area is full of long-term residents.

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How to Buy a House | Real Estate | US News

Details: Treat the initial meeting or call with an agent like you’re interviewing him or her for a job. “I probably have five, six Zoom calls a day from buyers that are introducing themselves to me,” says Dawn McKenna, a real estate broker with Coldwell Banker Realty who helps clients buy and sell homes throughout the Chicago metro area as well as in Naples, Florida.

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6 Things to Consider When Taking A Virtual Home Tour

Details: While sheltering-in-place orders have proven their ability to physically sideline homebuyers across the U.S., real estate agents have turned to feature virtual property tours online to showcase and enhance their listings. Once relegated primarily for luxury, high-priced homes, video tours have become an essential tool alongside standard photos and a floor plan.

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Questions to Ask When Hiring a Home Stager | Real Estate

Details: The home staging industry has been growing leaps and bounds in the last few years, and the job title becoming interchangeable with decorator and home designer. Everyone seems to be calling themselves a home stager – an expert in preparing and showcasing a home for sale.But be wary not all home stagers are created equal.

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3 Reasons to Buy a Condo – and 3 Reasons to Beware | Real

Details: The cost of a condo versus a house depends on the size of the home, the property values of the neighborhood and the cost of living in the area. Typically, you'll spend less on a condo, industry experts say, and historically, single-family detached homes have appreciated faster than condominiums.

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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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How to Look Up the History of Your House | Real Estate

Details: When Condrey found no websites offering information about deaths in homes, searchable by address, DiedInHouse.com was born. His goal is to help people learn more about a property that may or may not have to be disclosed in a sale, like its connection to a serious crime or incidents that could compromise the safety of the building.

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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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The Best Apps for House Hunting | Real Estate | US News

Details: Luckily for homebuyers, house hunting apps are growing in number and sophistication. As the online real estate marketing industry becomes more competitive, mobile apps are getting better at helping consumers find accurate housing information while offering features to help users narrow down their search. Read on for some of the most popular and helpful apps to use when searching for your next

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The Guide to Living in a Co-Op | Real Estate | US News

Details: Prior to the closing of a real estate deal with an apartment or home in a co-op community, the board has the ability to decline membership. If the board declines membership, it may choose not to provide an explanation, though common reasons are a low sale price or plans for renovation that don’t line up with the co-op’s stated goals.

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Fee Simple vs. Leasehold: What You Need to Know | Real

Details: How much you pay in leasehold rent varies widely by the type of property, value of real estate and where the property is located. Live Baltimore, a nonprofit working to attract residents to the city and create a healthy housing market, notes that ground rent in the city often ranges between $50 and $150 per year.

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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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How to Sell an Ugly House | Real Estate | US News

Details: 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. So he has purchased a few dumps in his day. "I’ve sold all sorts of difficult homes, cracked foundations, a side ripped off by strong winds, mold," Alison says.

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11 Popular Home Updates That Are Worth the Money | Real

Details: Real estate information company Zillow reports a minor bathroom remodel consisting of new light fixtures, tiling the floor and adding a double vanity can result in a $1.71 increase in the value of the home for every dollar spent on the project. HomeAdvisor reports a premade double vanity will cost between $600 and $2,200 to put in your home.

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The Best Online Real Estate Schools | Real Estate | US News

Details: To help you become a real estate agent in a format that suits you best, we looked at course offerings, pricing, reviews and the pros and cons of online real estate schools that offer coursework that meets state licensing requirements for at least 10 states.

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Is My Real Estate Agent Doing Enough to Sell My House

Details: The attractive marketing materials that many real estate agents employ show the glitziest aspects of the job – even unattractive homes can be made to look great. But all of this front-end stuff isn’t the meat and potatoes of negotiating a contract and bringing opposing parties to the closing table.

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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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Do You Need an Open House to Sell Your Home? | Real Estate

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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What Is a Duplex? | Real Estate | US News

Details: The upside to investing in a duplex is that there are two living spaces: one to rent out, and one to live in if you choose. “Right now, the vast majority of my business is owner-occupants,” says Kari Lundin, a Realtor specializing in the purchase and sale of duplexes with Keller Williams Realty Integrity Edina in Edina, Minnesota, and creator of DuplexChick.com, an information source on

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10 Best Real Estate Podcasts to Listen to | Real Estate

Details: If you like the idea of learning about real estate through the purchases, sales and mistakes of celebrities, "House Party" is the perfect option for you. This podcast from realtor.com discusses real estate-related startups, housing market trends and celebrity home transactions. Hosts Stults and Way are editors for realtor.com and share their

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Restoring an Old Home With New Money | Real Estate | US News

Details: There's plenty to love about old homes, but not much to recommend about keeping around 100-year-old pipes. Kathy Epping, a real estate agent with Restaino & Associates Realtors in Madison, Wisconsin, grew up in a house that was built in 1929, and she owns a home that was built in 1892 and is on the National Register of Historic Places.

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How to Take Real Estate Photos When Selling Your House

Details: As much as 84% of homebuyers search for homes online, according to the National Association of Realtors' 2020 Home Buyer and Seller Generational Trends Report.This naturally raises the question for sellers on how to best market their properties online. Although appropriate pricing is the most important tool to sell a home, many buyers get most excited about homes with attractive photos, and

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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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Should You Buy a New Home Before Selling Your Current One

Details: At the end of 2013, there were 1.86 million existing homes for sale nationwide, according to the National Association of Realtors. That’s enough inventory to last 4.9 months at the current sales rate, indicating that sellers have the upper hand.

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How to Overcome Challenges as a Second-Time Homebuyer

Details: Second-time homebuyers, whether they’ve moving up to larger homes or downsizing to smaller ones, will find their greatest challenge the same one facing first-time buyers: a lack of homes for sale in lower and medium price ranges, creating a fast market that requires quick decisions and offers little room for negotiation on price.

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Can't Make Your Mortgage Payments? Here Are Your Options

Details: This is a more viable option for homes in market-ready condition in locations with healthy buyer demand, and you will need to keep up with mortgage payments until the sale is final. Short Sale If you are behind or underwater on your mortgage – meaning the value of your home is less than the total due on your loan – you may need to enter a

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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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What It's Like to Buy (and Sell) a House During the

Details: A one-hour window was set aside each day for showings, with two people plus their agent allowed in the house at a time. We provided hand sanitizer and left all of the room and closet doors open with the lights on to lessen the need for people to touch things. Real estate agents brought masks, gloves and booties for visitors.

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4 Tips for Taking a Virtual Apartment Tour | Real Estate

Details: Even though in-person real estate showings have resumed across the country, the presence and popularity of virtual video tours continue. Often these tours are simply a safe way to preview a property – a way for buyers and renters to see which properties are interesting enough to warrant an in-person visit.

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