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Friday, July 12, 2019   /   by Brian Ness

Owning A Rental Property: The Best And Worst Aspects

Owning A Rental Property: The Best And Worst Aspects

Owning a rental property comes with a lot of responsibilities and considerations, but many Americans are finding that it’s a great way to invest in something that will pay off well. If you already own a property and want to convert it or are interested in buying a new home in order to rent it out, there are many ways you can go about it; however, there are some things to think about first. Location is crucial, as is knowing how to market the home to attract renters. You’ll need to figure out whether you’re going to rent out the home year-round or if your budget will allow for seasonal bookings, since the cost of maintaining a big house can be high, especially in certain areas of the country.

There are many pros and cons when it comes to setting up a rental home, so it’s important to simply weigh them to see whether becoming a property owner will benefit you. The costs can be high, but if your home h ...

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Friday, June 21, 2019   /   by Brian Ness

4 Reasons to Sell This Summer [INFOGRAPHIC]

Some Highlights:

Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available.
Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
Now may be the time for you and your family to move on and start living the life you desire!

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  sell home, sell house

Thursday, June 20, 2019   /   by Brian Ness

Young First-Time Buyers Are Saving for Their Dream Homes

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features.
According to a survey from Open Listings, 70% of single renters are more likely to spend their Sunday nights swiping through house listings than dating profiles.
All that time window shopping has led 45% of millennials to expect the first home they buy to be their “dream home”! They are willing to wait longer, save more for a larger down payment, and are pickier about the listings they want to tour and the features that they want to see in their first home.
Waiting a little longer to buy a home than their parents or grandparents did has also helped young buyers become more established in their careers prior to ...

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  first time buyers, home buyers, first time home buyers

Wednesday, June 19, 2019   /   by Brian Ness

What You Need to Know About Private Mortgage Insurance (PMI)

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).
What is PMI?
Freddie Mac defines PMI as:

“An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.
Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”

As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac goes on to explain that:

“The cost of PMI varies based on your loan-to-value ratio &ndas ...

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  mortgage insurance