How to Avoid Being “House Poor” and What Does that Mean
Mandrona Group
JUNE 21, 2022
If you’re a first-time buyer who’s only just started your house-hunting journey, you might have heard the expression, house poor. Read More.
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Mandrona Group
JUNE 21, 2022
If you’re a first-time buyer who’s only just started your house-hunting journey, you might have heard the expression, house poor. Read More.
Housing Wire
MAY 23, 2022
While the tide analogy was meant to refer to the entire economy, it works well in the housing sector as well. After all, we are witnessing the rising tide of house prices, in a surge we’ve never seen before. The question before those of us in the housing ecosystem is, “how can most Americans avoid the flood?”.
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Housing Wire
JANUARY 26, 2021
While it can certainly be tempting — especially with the high costs most buyers already face — it’s usually a grave mistake (and sometimes a costly one, too). While it can certainly be tempting — especially with the high costs most buyers already face — it’s usually a grave mistake (and sometimes a costly one, too). Projects to avoid.
Housing Wire
MARCH 30, 2022
As rents escalate across the country, housing advocates are right to be concerned about the growing challenge of low-income families finding an affordable place to live. But our national housing policy cannot just be about housing units. Ultimately, it must be about the residents themselves.
Housing Wire
JULY 17, 2023
Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. “Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. Lastly, he was the best Dad a son could ever ask for.”
Housing Wire
SEPTEMBER 12, 2023
. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.” Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. Hoff, however, is taking steps to avoid future problems.
HomeLight
MAY 8, 2024
Whether you’re planning to flip a house or purchase a rental property, a streamlined hard money loan can be a helpful option. Learn More Editor’s note: This post is for educational purposes and is not intended to be construed as financial advice. How does a hard money loan work? What is a hard money loan?
Realtor.com
JANUARY 18, 2023
If you can’t spend your income the way you want to because so much of it is going to housing expenses, you’re house poor,” says Debra Neiman , a financial planner at Neiman & Associates Financial Services in Arlington, MA. How much mortgage can you afford? You can use realtor.com®’s
HomeLight
FEBRUARY 26, 2024
Giving a family member a house as a gift can be one of the most generous and life-changing presents you ever give. It can be a way to keep a treasured home in the family or help an adult child get a good start in life. How Much Is Your Home Worth Now? How much is your current home worth now?
Realty Biz
FEBRUARY 28, 2023
Being prepared for some of the most common pitfalls can make it easier to plan ahead and develop a strategy to avoid them. Here are four common mortgage mistakes to avoid when buying a home. However, you can still get a mortgage and own your dream home, even with a poor credit score.
Realty Biz
APRIL 22, 2024
It can increase in any part of your house, including the roof, and deteriorate the roof surface and its building material. So being a homeowner, you should pay attention to mold remediation. You can take some basic steps yourself, however procuring the services of roofing contractors can be quite helpful in this regard.
Realty Biz
JULY 31, 2023
What to Know About Selling a Home in Poor Condition Selling a house in poor condition can present challenges. When there are significant problems to address, it's referred to as a rehab house. Alternatively, homeowners can consider selling the house "as-is." However, when you sell as-is, you will lose money.
Realty Biz
MARCH 21, 2024
After filing for bankruptcy, it's difficult to borrow money for large purchases, and if you’re a homeowner, you could lose your house. After filing for bankruptcy, it's difficult to borrow money for large purchases, and if you’re a homeowner, you could lose your house. Instead, you can focus on one. Instead, you can focus on one.
Marco Santarelli
JANUARY 2, 2021
What is the difference between the rich vs poor mindset ? How do the successful differ from the rest of us? Everything starts with how you think about money, wealth, and success. The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. So, which mindset do you have?
Housing Wire
MARCH 30, 2023
Read on for Kirby’s take on opportunities in wholesale lending, the challenges he faces with starting a new mortgage brokerage shop and how he plans to scale his business. At Wyndham, Kirby led the expansion of the lender’s branches from Charlotte, North Carolina into Arizona, Texas, Utah and Missouri.
HomeLight
APRIL 18, 2024
Gone are the days of driving through a neighborhood trying to spot “for sale” signs in front of houses. Today’s house hunters hop on the information highway, instead. If you don’t want to waste time on your home search, or you need to find a great agent to sell your home , how do they compare? What is Zillow?
Realty Biz
JANUARY 10, 2024
Unfortunately, if the wrong real estate agent is chosen, it can lead to getting poor advice. It's one of the first steps in the home selling process that needs to be avoided. We explore everything you should know for a first-time house sale by answering frequently asked questions. Nobody wants that, but it's a reality.
Realty Biz
JANUARY 24, 2023
Real estate agencies need to utilize the internet to increase their subscribers - but how can agencies do this? Your website needs to be organized and helpful to visitors. Tell potential subscribers how hard-working and efficient you and your fellow realtors are. Poor punctuation and grammar are off-putting.
RIS Media
MAY 9, 2022
Once springtime arrives, even the most cleaning-averse wants to open the windows and give the house a deep clean. Read on for frequent spring cleaning mistakes and how you can avoid them. . Even the most motivated cleaners may struggle to tackle a whole house without a plan. Cleaning Without a Plan. Skipping Decluttering.
Realtor.com
DECEMBER 6, 2022
Getty Images Renovating a home, no matter the time of year, can be equal parts exciting and overwhelming. Exterior renovations are especially risky during the colder months since the ground at your construction site can be slippery and wet. Avoid these mistakes when diving into a wintertime home renovation.
HomeLight
JANUARY 29, 2024
When a homeowner needs fast access to cash for a life change or opportunity, their first thought may be to tap into their equity. How Much Is Your Home Worth Now? How Much Is Your Home Worth Now? How much is your current home worth now? Let’s look at some specific situations where an HEI might be helpful.
Toronto Realty Blog
MARCH 25, 2024
If you want to get metaphorical, don’t listing agents “mask” the real price of a house or condo for sale when they under-price the property and set an offer date? But today, I want to look at a real estate phenomenon that really shouldn’t be one; a phenomenon , that is. Apologies to the regular readers.
Realtor.com
JUNE 14, 2021
In warmer months, cooling costs tend to be lower in buildings with ample tree shade. If a tree is in poor health or is a potential hazard, removing it could help maintain the value of the property,” says Glassey. Types of trees to avoid. The visual appeal of trees is unmistakeable—beautiful landscaping attracts buyers.
Realty Biz
NOVEMBER 17, 2022
To successfully sell your property, you must shift your mindset from being a homeowner to a businessperson. Focus on the property's strongest features and how to highlight them to potential buyers. If your home is not selling off the market despite your best efforts, consider reevaluating your open house and listing strategies.
Realtor.com
JANUARY 10, 2023
fizkes/iStock This may indeed be the case if you’ve found that perfect house, only to have lenders inform you that you don’t qualify for a mortgage. That property you’re eyeing may be just out of your price range, or perhaps you have either a poor or no credit history. Enter the co-signer.
Realty Biz
JANUARY 19, 2024
If you're looking to sell your house this spring and capitalize on the busiest selling season, success requires a nuanced approach. A sound real estate marketing plan will be one of the keys to your success. Embrace the warmth of spring—and a potentially warm market —by learning how to turn those walkthroughs into signed deals.
Realty Biz
OCTOBER 26, 2023
Becoming a landlord can be a great way to generate passive income and has the potential to be lucrative when done well with preparation and research. Yet, knowing how to get started can be an intimidating challenge - especially if you are brand new to the landlord game!
Realty Biz
APRIL 22, 2021
Sometimes, the universe just doesn’t line up with your goals and you end up with a poor credit history. At the same time, you should be aware that you will not have the same options as someone with a good credit score. To avoid such a scenario, always check that you are working with legitimate lending agencies.
RIS Media
JULY 13, 2021
First is poor time management and the second is a lack of delegation. A team leader’s lack of ability to delegate causes poor time management. Even agents and team leaders who don’t sell many houses can easily become overwhelmed. If you avoid delegating many, many tasks, your business will take over your life!
Realtor.com
JANUARY 18, 2023
Home buyers are looking for any indication that you’d be willing to accept an offer that’s below list price,” says Annapolis, MD, real estate agent Greg Beckman. “If Let your agent do all the talking,” he says, adding that sellers shouldn’t be present for showings or open houses. Our family needs a bigger house’ Trading up?
RIS Media
JULY 21, 2021
You can also use insulated window film to keep heat from pouring into the house. If one part of your house tends to get a lot of sun and there is nothing to block the sunlight, you can plant trees or bushes. Seal Up the House to Control Airflow. Open windows at night to let a cool breeze into the house. Keep Sunlight Out.
Kyle Handy
MAY 4, 2023
The real estate industry can be a rewarding profession, offering numerous opportunities for growth and success. As a real estate agent, understanding the reasons behind this high failure rate can help you avoid making the same mistakes and set yourself up for a thriving career.
Realty Biz
FEBRUARY 2, 2024
Selling a fire-damaged house can be a challenging process. Understanding the Fire Damage When dealing with a fire-damaged house, it is crucial to understand the damage's extent thoroughly. This research helps determine the overall condition of the house and the necessary steps to take to restore it.
RIS Media
JANUARY 17, 2021
As their agent, you are there to help them make the right decisions so that they stand a fighting chance in a highly competitive housing market. Make sure they avoid these four common mistakes homebuyers make in a hot real estate market. Make sure they avoid these four common mistakes homebuyers make in a hot real estate market.
Point2Homes
OCTOBER 20, 2021
A house full of clutter is a sure-fire way to turn off potential buyers. Most buyers are shopping for homes online, and if you don’t have great photos, your house won’t stand out among the competition. Since you’re going to be moving anyway, why not start packing early? Image: Followtheflow / Shutterstock.com. DO Declutter.
Louisville Homes
AUGUST 19, 2021
In this article, we’re going to cover seven renovation mistakes that you’ll want to avoid. In this article, we’re going to cover seven renovation mistakes that you’ll want to avoid. Home renovations are costly investments that should not be taken lightly. Photo by Annie Gray. Extremely High-End Kitchen.
RIS Media
JULY 22, 2021
You can also use insulated window film to keep heat from pouring into the house. If one part of your house tends to get a lot of sun and there is nothing to block the sunlight, you can plant trees or bushes. Seal Up the House to Control Airflow. Open windows at night to let a cool breeze into the house. Keep Sunlight Out.
Point2Homes
JANUARY 31, 2023
How to Make an Offer on a House - Point2 News After a long search, you’ve finally found the home of your dreams. But, before you can relax, you need to make an offer that the seller won’t be able to resist. There’s a good chance that you won’t be the only buyer interested in the home, so your offer must stand out from the crowd.
Real Trends
DECEMBER 5, 2022
This article will tell you how to approach the conversation so you can remain lucrative amid the rising rates. The rising rates are keeping many would-be buyers in their apartments. What’s more, many people fear there will be a housing crash. How higher interest rates change how you approach a conversation with buyers.
Toronto Realty Blog
APRIL 18, 2024
No matter the market, there will always be two news sources telling different stories. From the article above: Acute supply-demand imbalances have pushed the national rental vacancy rate to 1.5% – the lowest point since at least 1988, according to the latest Canada Mortgage and Housing Corp.’s s (CMHC) rental market report.
Realty Biz
OCTOBER 20, 2020
You might get used to the fact that the living room electrical outlet isn’t working for years, or that a drainage system is partially clogged and needs to be cleaned out. The moment you’ve accepted the offer, a potential buyer will most likely hire and send a home inspector to comb through the house in search of anything that requires fixing.
Realty Biz
SEPTEMBER 30, 2023
Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit? Buying a house with bad credit might seem challenging, but it's not impossible. This means you'll end up paying more over the life of the loan.
Realtor.com
DECEMBER 22, 2022
If you’re determined to revamp your house with a new color or creative design, avoid making these common painting bloopers—lest you find yourself shelling out big bucks to a pro who can fix your mistake. Being sloppy with stencils. To avoid making a mistake on stenciling projects, don’t overload your brush with paint. “One
Real Trends
APRIL 17, 2023
The housing market may be the picture of uncertainty these days, but one thing’s for sure: artificial intelligence (AI) is the newest wave of technology that can help you be a better agent. That doesn’t mean AI should be used for all of your real estate marketing, but it can serve to help your efficiency with tasks.
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