Need to refinance? Your lender may require a home appraisal before approving any changes in financing.
As a homeowner, you’ll obviously want to get the highest appraisal you can to ensure that you’re able to secure the amount of financing you need.
While you have no direct control over what the market says your home is worth, it is within your power to do everything you can to get the best appraisal possible.
The financial market constantly fluctuates, making the “rules” for how Americans should spend their money wisely change as well. When you’re planning to make a significant investment like buying a home, you must have a plan for saving enough money to cover a down payment, moving costs, closing costs, and all the minor emergency repairs that come with moving into a new home. The sooner you start implementing a strategy, the better off you’ll be. But if you’re not sure where to start, we’re here to help. Here are three key areas where you should put your discretionary income to ensure homeownership is in your near future.
Owning rental property is a time-tested way for investors to consistently earn passive income. For most first-time investors, that means buying a single- or multi-family home and charging tenants a monthly rent.
But owning a rental property involves more than finding a tenant and cashing a rent check every month. Landlords have responsibilities and legal obligations you must follow. You also want to make a smart purchase from the start that will give you the best return on your investment.
Here’s a quick guide to buying a rental property as a first-time rental property investor.
Whether you purchased your second home as a vacation home or as an investment property, if you want to sell it but don’t live close, it can be a hassle to deal with the process.
Make it easier on yourself and have a look at the following tips before you put up that “For Sale” sign in the yard.
1. Choose the best realtor
You will get the best results by choosing an experienced realtor in the area where your home is located. This is because a local realtor knows the market and what sells.
There are a number of things you can do to help ensure you receive the best offer when you’re ready to sell your home and “staging” your home is one of them.
What’s “home staging”?
The purpose of home staging is to present your home in the best possible light.
This can be done by using your existing furniture in new ways, swapping outdated pieces for show-ready ones, and/or decluttering your home’s outside area in order to focus buyers’ attention on your home’s features instead of any flaws it might have.