Category: MVP

The US Federal Trade Commission recently fined online home buying firm Opendoor $62 million for “cheating” home sellers.The company was deceiving homeowners by claiming that “they could make more money selling their home to Opendoor than on the open market using the traditional sales process.” Companies like Opendoor (aka iBuyers or direct buyers) use computer …

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Click here to access a printable pdf version of this post Presiona aqui para version en español Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled. 1 Consequently, home sellers who enter the market today may need …

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Scent has a powerful impact on our emotions—and it can make or break how potential buyers react to your home. That’s why it’s essential to make sure your home smells its best before an open house or showing. Here’s how: 🧽 Give it a good scrub. Wipe down all surfaces, paying special attention to the …

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Do you know your community’s price-to-rent ratio? It compares the cost of renting versus buying a home. To calculate the price-to-rent ratio, divide your area’s median home price by its median yearly rent price. The higher the ratio is, the more expensive it is to buy compared to rent. Even if renting seems like the …

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Some financial experts caution against buying a home unless you plan to own it for at least 5 years. This is because there are costs associated with purchasing and selling a home, and it may take time for the property’s value to rise enough to offset those expenditures. If you aren’t sure about your new …

Continue reading "You need to know about the 5-year rule in Real Estate! 🏡"

Interested in investing in real estate? 🏠💰 You’ll need to understand cap rates. A property’s cap rate (or capitalization rate) is an estimate of its rate of return. To find a property’s cap rate, divide the net annual income you expect it to generate by its current market value. Cap rates are a great tool …

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