These days, there are many ways to invest in rental property. Especially depending upon the region of the country. Buying a home can be full of difficult decisions. As housing prices climb, maybe even more difficult financial planning is needed. People are looking for a different way to help pay for their mortgage every month. Some are choosing a home with an attached rental unit. This might just provide the monthly bump that makes that payment a little easier to accomplish. Invest in Rental Property - What Is an Additional Dwelling Unit? What is becoming more common in … Continue reading...
Should I Sell My Home or Remodel?
Should I sell my home or remodel? That is the key question as the market has shifted. It is hard to resist selling when people are throwing cash at you. Now that the market is back to normal, the question is mot so easy to answer. Your home is where your heart is. Therefore, for so many homeowners, it’s a lot more than a saying. Their home is a place where they made so many memories with family and friends. The highs and the lows shared in those walls. Thus, considering selling it can be extremely painful. But what do you do if your home is no longer meeting your needs? Can you simply … Continue reading...
Refinancing a Mortgage
Refinancing a mortgage. Yes, some folks are considering that after the last year. When rates are low, it can seem like the ideal time to refinance your mortgage. After all, who doesn’t like a lower interest rate? There are lots of good reasons to refinance your mortgage, such as adding on or trying to streamline your expenses, but what’s really involved in the process? Refinancing a Mortgage: The Basics Perhaps the best news any homeowner can get when it comes to a refi is that it’s not likely to be nearly as difficult as getting the original loan was. Breathe a big sigh of relief if you … Continue reading...
What is a HELOC?
What is a HELOC? Well, that is a question many have been asking lately. Especially with Las Vegas home values having risen over 50% in the last few years. Now Las Vegas homeowners are looking for ways to tap their equity without selling their home or refinancing their primary mortgage. And so, this may interest you if your home has gained significant value since you purchased it. Or even if you’ve just paid so much of the mortgage down that you’ve got ample equity to work with. Either way, a HELOC on your home might make sense. Home Equity Lines of Credit (HELOCs) are popular options for … Continue reading...
Problems With Buying a Foreclosure
Buying a foreclosure. What are the problems with buying a foreclosure? Well, buying a house can be incredibly exciting. It can also be terrifying at the same time, especially if it’s your first or second home. And so, for a lot of buyers today, the idea of getting a killer deal is the ultimate goal. It is one that you may hear is possible with a bank-repossessed property (also known as a “real estate owned” property or simply “REO”). Real estate prices have gone up, after all. So what’s the scoop on these REOs? Can You Get a Great Deal When Buying a Foreclosure? This is a tricky question … Continue reading...
Choosing the Right Loan
Choosing the Right Loan Choosing the right loan can be one of the hardest parts of buying a new home. There are a number of mortgage options out there. And if you choose one that isn’t really ideal for your situation, then you might end up paying a lot more for it in the long run. So, with so many options, how do you know that you’re getting the best loan to match your situation? It takes a little bit of homework, but there are actually a few different ways to sort through potential loans. These will allow you to find the best one for you. A lot of things can affect the loans that are … Continue reading...
Should I Waive a Home Inspection?
Should I Waive a Home Inspection? There is a lot more to buying a home than just signing some forms and picking up your new keys. One of the most important steps that buyers take is getting a home inspection to identify any potential issues with the property. While this may not be required, it is very common. Of course, lenders will require an appraisal of the home however, that will not be as thorough as a full home inspection. So, does that mean you should waive getting an actual home inspection as a part of your home purchase? The answer depends upon you, your market, and your home. … Continue reading...
5 Things That Can Ruin Your Chances of Getting a Mortgage
Getting a mortgage. If you’re like most people buying a home in Las Vegas, you’re going to need a mortgage loan – but people are disapproved every day. Check out the five things that can ruin your chances of getting a mortgage loan here. 5 Things That Can Ruin Your Chances of Getting a Mortgage Getting a mortgage. For the vast majority of people, buying a home in Las Vegas hinges on one very important thing: getting a mortgage. Do you know your chances of getting a mortgage? If you can’t get a mortgage, there’s a good chance that you can’t buy a home. So what can cause a lender … Continue reading...
Las Vegas Real Estate Market Report – March 2022
The Las Vegas Real Estate Market Report for March 2022 is quite eye opening. The real estate market for Las Vegas took several new twists in March 2022. With prices and sales surging, new trends developed in Las Vegas real estate. Rising Interest Rates Even prior to the Fed raising rates, home mortgage rates were on the rise. Thus, buyers wanting Las Vegas real estate rushed to get a home in March before rates went even higher. While the number of sales in California is slowing down, the number of sales in Las Vegas real estate market rose sharply. This also helped to create a segmented … Continue reading...
2022 Las Vegas Real Estate Forecast
The Problem The 2022 Las Vegas Real Estate Forecast is something that is a hot topic these days. After the phenomenal 2021 real estate market growth and appreciation for Las Vegas, the rumors started flying. People asked "Will the Las Vegas real estate market crash in 2022?". Then, the media posted stories saying Las Vegas is one of the most overpriced areas in the United States. Every neighbor became an "expert" and wanted to tell you what their cousin's mailman said is going to happen. However, the truth is, in really understanding this market, we need to look at the bigger picture - … Continue reading...