Details can be tricky. Double-check yourself with these tax rules affecting homeowners. Courtesy of Houselogic Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes or claim the mortgage interest deduction. That doesn’t necessarily mean your taxes went up. The change is […]
Should You Buy Flood Insurance?
Courtesy of HouseLogic Did you know homeowners insurance doesn’t cover flooding? Here’s what you need to know about the federal flood insurance program If you have a mortgage on your home and you live in a high-risk flood zone, in most cases, your lender requires you to buy flood insurance. However, if you live […]
2023 Home Improvement Trends
The demand for home improvement continues, and people still want to add both value and comfort to their homes. Whether that’s creating a dedicated work space, upgrading their home or creating a backyard garden. Here are the top trends: 1.- Energy Efficiency Upgrades This winter has been a costly one so far. With the rising […]
Is the Housing Bubble Worse than 2008?
During 2022 the Federal Reserve Bank forcefully raised interest rates 7 times. The goal: “to reduce red-hot inflation rates that are eating into the purchasing power of everyday Americans without sparking a recession.” The market has reacted in a way that signals that a recession is here to stay for awhile. In 2022 we witnessed […]
2023 Real Estate Challenges Ahead
In order to understand the real estate market trends for 2023 let’s take a look at some economic factors: Interest rates, affordability, housing shortage and home sales. Interest Rates During 2022, the Federal Reserve Bank increased mortgage interest rates 7 times as seen in this chart. Once the rate of inflation was going up they moved […]
5 Initial Steps For A Profitable AirBnB & VRBO
A short-term vacation rental property can be a very profitable investment. However, careful consideration and serious research should be done prior to embarking into this endeavor, in order to avoid some costly mistakes. Most importantly, find out if owning a short-term vacation rental is right for you. Once you know you can do […]
AirBnB “Must-Haves” Inventory Check-List
In order to run a successful and profitable Short-Term Vacation Rental business, you will want to make sure that your property is fully stocked with supplies and beautiful timeless furniture. In addition, organization skills are very important. The following Short-Term Vacation Rental Checklist outlines a list of must-have inventory in order to achieve the best […]
Should You Invest On Long Term Rentals Or Short-Term Vacation Rentals?
With the rising popularity of the short-term vacation rentals, many investors ask themselves which option brings the better return for their investment. And the answer is; it depends. There are some pros and cons to everything and both options offer unique benefits and drawbacks. Before we examine the pros and cons of each option. […]
Will War Over Russian Invasion Impact Mortgage Interest Rates?
The inflationary trend in the global economy has have an effect on housing affordability. As consumers have less spendable income because of the rise in costs of goods and services, not to mention food and energy prices which has hit record highs. The latest crisis is the war between Russia and Ukraine. […]
When is the Seller Entitled to the Buyer’s Good Faith Deposit in a Real Estate Transaction?
When is the Seller Entitled to the Buyer’s Good Faith Deposit in a Real Estate Transaction? A Good Faith Deposit is the amount of money that the buyer offers to place into an escrow account (Title Company) once the offer has been accepted by the seller. This deposit goes towards the purchase price and can […]
