Sometimes, it just doesn’t make sense to buy real estate. You are stuck with renting. And there’s nothing wrong with that. Nothing to be ashamed of. While real estate ownership is a worthy dream and one that many people look forward to, it is realistic to know that sometimes you should be renting. For instance, [...]
The Washington DC, Maryland and Virginia areas have all been hit hard with an influx of homes for rent on the market. The same holds true for all parts of the country as well. Many homeowners are trying their hand at being landlords in an effort to avoid foreclosure on their homes. Is this really [...]
The rental market is a tough one at present with rental costs steadily rising across the country. Finding a new rental home can be difficult with many homes being snapped up within hours of becoming available. Life becomes very difficult for renters when their landlord falls behind on the mortgage and the lender decides to [...]
I know there are a lot of people who prefer to rent a home than buy one. One argument they have used strongly in recent years relates to foreclosure – if you’re renting, you’ll never get foreclosed. Of course, if you can’t afford mortgage payments, then you’ll struggle with rental payments, and the end result [...]
The rental market is booming across the country as foreclosures bite hard. There is an estimated increase of three million in the rental market today compared to three years ago, that’s a huge jump, and it’s going to rise even higher. The flip side of this is that there are three million less home owners [...]
While home sales are languishing and home sellers are struggling to get people to even look at their home, let alone buy, the rental market is exploding. It is estimated that 10 million home owners will move into the rental market by 2015, and the market is running out of suitable homes to rent. Rents [...]
The real estate market is inundated with new statistics almost daily. Some are well worth looking at while others only serve to confuse both buyers and sellers. One set of statistics that is worth taking note of is the current rental market. While real estate home prices have been either falling, or remaining stable, rental [...]
There is a real dilemma facing many home owners today when it comes to forced sales due to relocation. Military personnel are currently facing these problems as the prices they now sell for their homes are well below what they paid for them. If you are relocating, then selling and buying may not be your [...]
The Washington DC housing market has been fairly volatile in recent years with some areas suffering big price drops while others have, at worst, held their value or increased. Today’s statistics make for interesting reading with home sales listing close to 3,500and the rents for many Washington DC apartments at an all time high. Just [...]
While much of the talk around the nation is about economic woes, there are still a lot of people taking home decent paychecks each month. While up-sizing (or down-sizing) a home may be appealing, if your income can handle a second mortgage, you could consider becoming a landlord and increasing your wealth through property acquisitions. [...]
Leasing a property starts by filing your formal application. Usually, filling out the necessary forms completes this part. After that, prepare for a thorough background check. It is going to be followed by a strict credit check. Eventually, the property manager should be ready to hand you the lease. Ready your checks. You should be [...]
If you are looking to get into a lease to own situation, but your credit is poor, you might want to try a sub-prime loan. Sub-prime loans can be available at reasonable prices from community groups or state and local finance agencies. Borrowers have to search out these sources, but if they can qualify for [...]
A lease-to-own house purchase (also “rent-to-own purchase” or “lease purchase”) is a lease combined with an option to purchase the property within a specified period, usually 3 years or less, at an agreed-upon price. As with any kind of financial contract, lease-purchase deals can be structured in such a way that all the benefits flow [...]
Leasing a property can work well for you. If you are wondering if a leasing arrangement is right for your situation, here is a brief explanation of two leasing techniques to consider as you decide. Lease-Option This arrangement is sometimes referred to as a “lease with the option to buy.” It provides you as a [...]
I’m posting this for some friends of mine who are a really nice couple. They are renting out their condo in Ponce Inlet, FL. It is a great place to get away if you’re looking for something on the beach. The price is pretty good also. Check out their website for more info, or to [...]
It can be a renter’s dream (personal attention, prompt repairs), or a nightmare (too much and too personal attention). Here’s what to know before moving into that basement apartment. It can be very convenient to rent an apartment where your landlord lives in the same building, it can also come with its fair share of [...]
There are times when buyers will push sellers, making demands that could be bad news for sellers in the long term. One practice that is creeping in is the handing over of keys before the sale has been settled. One of the causes behind this situation is the market itself – buyers are selling and [...]
The housing market rides a little like a roller coaster at times and we seem to be starting another slow but steady climb to another peak. The peak is a long way off yet, but prices do seem to be creeping. Some interesting survey results recently may excite some investors – if it doesn’t, perhaps [...]
Selling a home can be difficult, particularly if you are in a position where you have to move. I am not talking about ‘forced’ sales as such, but there are situations such as employment that can bring unexpected changes into our lives. For some people, rather than having a house sitting there empty, the temptation [...]
With many Americans now preferring (or forced) to rent homes rather than buy, the demand for rental stock is on the increase. To help those looking for rentals properties, home search specialist Trulia has now added a rentals tab to its real estate search portal. It is estimated that 30% of those in the market [...]
Buying investment real estate is high on the agenda for a lot of people at present due in part to low prices on offer. Tenanted properties can be quite attractive. From day one your property is providing an income. If you are using credit sources to fund your purchase, the income can go a long [...]
