It seems annually recurring expenses come around sooner and sooner. This is partly due to aging and in part due to dread. Yet a proactive approach to these ritual expenses takes some of the sting out of their yearly return.
A critical step in the home buying process is the final walkthough of the house, before it officially and legally becomes yours. The purpose of a final walkthrough is to be sure the home is in the same or better condition than it was when you signed a contract.
The key to comprehending economics and finance is to understand prices. These do not exist in a vacuum but touch upon supply and demand; interest rates; investment portfolios; and even employment rates.
Many players are involved with a home purchase or refinance. The realtor, of course, comes first to mind followed closely by a home inspector, an appraiser, an attorney, a title agent and a county clerk.
Purchasing the first house is a watershed moment in the lives of young couples and individuals. Representing the promise of a happy future, the first home has a way of eclipsing all of the expense and headaches that come with ownership.
The Realtor.com annual housing market forecast, published December 22, 2021, predicts "national rent growth of 7.1% for 2022." Home buyers cannot find homes to purchase because of the historic supply deficit of homes available for sale.
Rental prices are going up just as home values are. Potential tenants are flocking to new rental listings and are fighting for the opportunity to be approved. This is a prime opportunity for landlords to find solid tenants for their rental properties.
In Part 2 of our series on optimizing your rental property, we'll take a look at finding the best local agent for your circumstances. Investors are purchasing rental properties to add to their investment portfolios because interest rates are so low, and money is so cheap to borrow.
Just as home values and prices are increasing across the country, we are also seeing a huge jump in rent prices. The rental market is more competitive than ever right now and over the next couple of days we'll share information on the market and how to manage your rental efficiently.