Tip of the Week | Buyer Strategy Real Estate

-
This is the first video in my series, Tip of the Week, where I give you real estate tips. 

Comments

Post a Comment

Popular posts from this blog

Does high inflation discourage your from buying a home?

-
Image
Inflation devalues the purchasing power of money and the interest earned on savings is almost always less than inflation.   Tangible assets like your home consistently become more valuable over time.   In inflationary periods, a home is a good investment and a hedge against inflation. Borrowing money at fixed rates during times of inflation can be very advantageous...like buying a home.   The rate stays the same over the term of the mortgage and so does the payment instead of going up at the rate of inflation. In September 2022, rents rose by 7.2% according to NAR Chief Economist, Lawrence Yun and "rents are accelerating to higher figures with each passing month."   The annualized rate for this year is 10.6%.   Buying a home allows you to avoid rent increases while enjoying property appreciation. The housing shortage that is fueling the price appreciation, as well as increases in rent, is something that has existed for over ten years, yet...
Read more

Happy Holidays!!

-
Image
Happy Holidays!  I hope you are enjoying the season.  The year 2014 is about to end and I wanted to wish you a  happy holiday season.   Soon 2015 will be upon us and we will all embark on new and exciting adventures.  I wish you good luck in 2015.  Thrive!!
Read more

Buying a Home...Ask for a CLUE Report

-
Image
People purchasing a used car have most likely heard of CARFAX vehicle history reports to help them avoid buying a car with costly hidden problems.   Less likely are buyers to know that there is a way to discover some of the repair history of homes they are interested in. Lexis Nexis C.L.U.E. (Claims Loss Underwriting Exchange) is a claims history database that enables insurance companies to access consumer claims for the previous seven years when they are underwriting a risk or rating an insurance policy. An insurance underwriter could identify a previous claim for substantial damage to a property and try to find out whether the repairs were completed properly before assuming the risk as a new insurer.   Similarly, a buyer could benefit from knowledge of former claims that may affect the value of the property or possible, future repairs. A CLUE report can discover insurance claims on a home to investigate whether the repairs were done properly.   These report...
Read more