52 Weekends in the Poconos
The U.S. entered 2021 with pandemic fatigue, though it hadn't – and still hasn't – slowed down homebuyer activity. The first months of the year have seen rapid growth in home prices as low inventory of houses on the market combined with high buyer demand creates fierce competition in suburban areas and medium-to-small metro areas across the country.
Looking forward to late spring and summer, the fast rollout of COVID-19 vaccines is making many hopeful that an end to the pandemic is in sight....
Making the right offer is crucial
Home sales have skyrocketed in recent years. At the same time, inventory has declined. That means there’s a strong sellers’ market in many parts of the country, with more buyers than homes available.
The result is that home buyers often have to pay more than the list price if they want to beat out the competition.
This can be a tricky situation to navigate.
It’s hard to know how much over asking price is ‘reasonable’ — especially when you’re under pressure to m...
For most real estate investors, cash for down payments is the bottleneck. The choke point, the constraint that sets the speed limit on how fast you can build your rental portfolio. This means if you want to grow your portfolio faster, you need to solve the down payment problem.
Whether you're buying your first property or your 14th, try out the following ideas to make real estate investing more affordable.
1. HELOC or RELOC
While homeowner mortgages don't typically allow you to borrow any part...
The demand for real estate virtual tours is surging as buyers seek safe ways to view and experience properties without having to come in contact with anyone. “The virtual tour industry is going bonkers at the moment,” says Jason LaVanture, founder of Real Tour Vision, a network of 1,500+ real estate virtual tour creators across 50 countries. “I can’t believe how many people are looking into virtual tours right now.”
Agents have seen an increase in requests for virtual showings since last April....
Buying a home sight unseen might seem like a massive gamble: plunking down hundreds of thousands (maybe millions) of dollars on a property you've never set foot in, your fingers crossed it looks just like the photos and doesn't have major issues! So how lucky do you feel, anyway?
But during the pandemic—when stay-at-home restrictions made touring a property difficult and folks were eager to get out of densely populated cities—greater numbers of buyers than ever before were more game to buy sigh...
Angelys Ocana-McFarland was a bit overwhelmed, like a frazzled mom in a holiday movie.
Besides the fact the COVID-19 pandemic has been escalating and Christmas was right around the corner, the young photographer and her husband, Christopher McFarland, have been attempting to purchase their home in the Poconos.
“If I would have known how difficult this would be, I wouldn’t have done it,” she said, jokingly.
The truth, though, is she most certainly would have made the move from Brooklyn to Effo...
Trying to buy a home in today’s market is tough.
COVID has motivated a lot of people to look for a home, but also deterred a lot of people from listing their home so the options are limited.
No matter how experienced you are,certain things are helpful, such as the importance of familiarizing yourself with the home buying process beforehand. One of the more challenging parts of a home search is going toe-to-toe with other buyers in a bidding war. Here are some things to consider if you find your...
