Real Estate

Emotional attachment is dangerous when you are making a financial transaction. It can make you pay more than you should or hold on too long. Now that I’m in contract to buy a home with contingencies, I’ve been wrestling with my emotions on whether buying a new home is a good idea. Perhaps you’ve also

In my quest to upgrade homes, I’ve come to realize that buying a home with contingencies is like getting a free call option. Your likely worst case scenario is that you make nothing. But your best case scenario is that you buy a home at a price that is below market. For the last three

Now that you know why a home’s accurate square footage is important, it’s time to exploit the inconsistencies and make some money! Buying a home with the wrong marketed square footage can bring about gains. You can either ask for a concession of the advertised square footage is larger than reality or sell the home

If you’re buying a home, you should compare the home’s advertised square footage with the official square footage on the Multiple Listing Service (MLS) and tax records. Your goal is to uncover any discrepancy and understand why the discrepancy exists. The MLS takes its information from the home’s official square footage found in the county’s

Why the heck are home prices not going down more with mortgage rates so high? In many parts of the country, home prices are actually going up! The answer to this conundrum is partly due to the “life goes on” home-buying cycle. Many folks put their lives on hold for one-to-three years during the pandemic.

As a landlord who did a post-mortem pandemic review, I’ve come to realize renters also won big once the lockdowns began. I’m not talking about the renters who decided to stop paying rent even though they continued to be gainfully employed. Many mom-and-pop landlords got hurt by these non-paying renters since the landlord’s expenses still

So you’re thinking about buying a vacation property. I’ve owned a vacation property since 2007 and don’t recommend doing so. However, let me introduce a vacation property buying rule to follow so you don’t get in financial trouble. The vacation property buying rule to follow is to buy a vacation property for lifestyle first, income

Every landlord wants to increase rent to at least keep up with inflation. However, regularly increasing rent is hard to do. Let me show you how you can increase rent with minimum tension. Recently, I received a surprise automatic rental increase from my newest tenants in the amount of $200. They pay electronically on the

I currently have an opportunity of upgrading homes but am unsure whether it’s the right move. Maybe you’re going through this dilemma as well and need to talk things through. The house I wanted to buy a year ago failed to sell because it was listed too high. Then the S&P 500 corrected by 19.6%