Hopefully we had all the April showers in February and March, and we can skip to the May flowers... |
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Three Strategies to Help a Nervous Generation of Homebuyers to Invest After one of the largest housing crises in history a decade ago, we have witnessed over the last few years a real estate market that has featured soaring home prices, in part because of a lack of inventory. A recent study found that 63% of millennial homebuyers had regrets about buying their first home. This, in my opinion, is a result of a lack of options caused by a shortage of homes available. Most of these buyers have been forced to settle and, most likely, pay a premium to do it. So what is the best way for younger buyers not to miss the opportunity to buy real estate, but also be satisfied with their choices? Here are three tips I believe will help... | | |
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| | Thinking of Carrying Back a Mortgage for Your Buyers? Helping buyers buy and finance a home can be a way for you to earn some interest on the loan, much greater than what you can find at your local bank or credit union. Plus, the note you issue is secured by the real estate so if your buyers begin to default, you can begin the process of foreclosing and recovering your asset. For instance, buyers come to you and ask if you’d be willing to carry the mortgage for them. You agree and charge say 6.00 or 7.00 percent. You can make an interest only note or a fully amortized one. It’s your call. But, before we get too far into this discussion... | | |
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| | 5 Reasons to Buy a Fixer Upper Instead of a 'Perfect' Place “Location, location, location” is the mantra when it comes to where to buy a home. But when it comes to what to buy, it gets a little more complicated. There is definitely a contingent who would insist that you would buy the best home you can afford. But while there is something to be said for buying a move-in ready home, a place that needs a little love can be downright irresistible. You don't have to go all Chip and Joanna here, but buying a fixer-upper makes sense for so many reasons.. | | |
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