Tag: nationwide

Millennials: the Next Rage in Home Buying. What Kind of Homes, Though?

It’s hard to believe, but it’s true: millennials in our real estate demographic for home buying have already been putting their stamp in the market share, which is a good thing for the industry. We’re not going to see a real estate explosion quite yet, though, given the record low numbers of mortgage applications among millennials (and a consistent high growth for home renting) due to lack of job growth, student loan debt, and a later timeline for marriage and new families.

But It’s Coming. Some Say the Millennial Generation’s Already Here for Real Estate Home Buying

What you need to know, though, is what exactly they’ll be looking for in terms of a home…. Keep that in mind. Because of the inventory of available houses aren’t there; those millennials aching for a home to buy, well, won’t buy – which is bad for real estate business.

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Here’s what millennials will want in a home (and you certainly won’t need any Gray’s Sports Almanac to figure this one out):

This is getting heavy, Doc….

We’ve Got You, However, on This Real Estate Market

Preparation. That’s what it’s all about. Whether it’s home staging or a real estate agent who can access all the available homes, RTO or not, with all the correct features millennials are going to want. Because when they buy, people sell. Home improvements, renovations, maybe even new construction – the new millennial generation may drive this focus in.

So let’s align with it. And make the real estate market ready for the future (and flying DeLoreans). Sign up for more information with the HOPE Program today!

The Real Estate Goldilocks Effect of 2016

We’re most definitely seeing what we can easily call the real estate “Goldilocks Effect” — a state of being in the real estate market that is neither too hot or cold, nor too big or small, and definitely not too hard or soft. It’s a real estate market that’s just right. Perfecto. The stars become aligned much like how NASA had discovered that second planet Earth some million light years away. It’s almost like a scientific breakthrough, something the real estate industry rarely sees, but in the case of this year, for the United States, it just so happens….

We Now Have a List of 20 Hot Real Estate Markets in the U.S.

And when you think about it, this is rare. Count how many towns and cities actually exist in the United real estate GoldilocksStates. So it’s safe to say that just 20 of those real estate markets stand as a cut above the rest for home selling and home buying with zero down. And here’s a quick teaser before we get into it — waaaaaay more than half of the states are not on this list! It’s true.

So if you’re game for trying to find the best possible regions, cities, towns and communities where the homes sell like hotcakes and buyers flock like seagulls, you might want to visit these particular states right here:

Just Watch Out for the Three Bears

Eat your porridge, sit in a chair, and take a nap, of course. But once you find that home in the Midwest, Texas, or California, you better get out of there before the bears find you. Thankfully, we made it pretty easy for you to find the best properties in the real estate market before that ever happens. So happy hunting!

Beyond Curb Appeal: What Really Determines Your Property Value

Be prepared to have the proverbial rug pulled from under you. We’re shaking things up with standard stigma and paradigm, changing things up on a dime and proving that trends are something more than colorful kitchens and outdoor living spaces. So here’s the deal:

Property value is done wrong. All wrong. There. I said it. You can take that to the bank when successfully selling your home via social media.

What Really Matters When It Comes to Property Value

A lot of what we know (or think we know) regarding property value may be true to some extent, but believe me when I say that there’s so much more than just the numbers, comparables, and assessments property value beanstalkwe’re so used to seeing. Sure, they have their place — but if you really want the most accurate figures for your home, you need to pay attention to the actual “land,” the real estate, versus the structures themselves. That’s such a big misconception. Your property isn’t a building. It’s the land the building sits on.

Furthermore, would you be shocked if you found out that a “less attractive” home might actually bring in more in terms of investment? Such an “ugly duckling” would — and for good reason — due to real estate appreciation. The more money poured into a home, the less profit from appreciation on the real estate.

It’s a good point to find the cul-de-sacs in a neighborhood, too, because those properties will excel in value. Why? Think of safety, privacy — culture, quality, and peace of mind, tucked away in a corner. It makes sense that property value increases when owners don’t hear planes, trains and automobiles all over the place.

Here’s a big secret right here: the age of the neighbors. Seriously! Find out how old they are, and you have a factor often untouched by many gurus in determining your ultimate property value for your rent-to-own real estate. Additionally, and this is a make-or-break factor: future property developments. Will they benefit your property value or not? It’s an important question to ask, because it can go either way.

Take Notes and Make the Grade

This is important stuff. Focusing on home improvements will certainly pull you in the right direction, but don’t forget this one important fact: this is the real estate industry. It’s a fickle giant in a fairy tale world — and all it takes is one wrong move, and Jack on the beanstalk will knock him down good.

How to Estimate Your Rental Property Expenses Effectively

Rental property expenses: the final frontier. These are the voyages of the Starship “Real Estate.” Its 10-year mission to explore strange, new property values. To seek out new estimations and new appraisals. To boldly go where no home seller or homeowner has gone before!

Welcome to NPV, your premier source of information regarding your property. Brace yourself, though, because you have a wealth of information here, learning about everything from investments to real estate trends, and subjects and topics in between, such as innovative outdoor living spaces. For starters, right here, we’re looking at an extremely important aspect of property values, particularly when dealing with rentals.rental property expenses star trek

Consider Rental Property Expenses Very Seriously

Phasers on stun, people. And make sure Scotty’s ready at the transporter. We’ve got a lot of marks to make, making sure all the ducks (or Klingons) are lined up in a row, such as the rental property expenses “percentage” ratio with the GOI (gross operating income). Get that factored in, and you’re well on your way.

Don’t forget about maintenance costs either. Your property value’s only as good as your ability to keep the rent-to-own home, for example, effectively maintained. But what about disaster issues? I mean, you can’t very well prevent that earthquake from happening, so having property insurance in place is a must.

Surely you’re wondering if this will be a 1-man job (which it’s not). It’s a big deal getting the rental property expenses taken care of, and you can’t do it all on your own. That’s why you get a good property assessor on your side. A property management company, too, can take a load off your plate when managing rental property expenses.

Other issues can include some attention to detail regarding HOA fees. And maybe — just maybe — you can see the issue of rental property expenses from the perspective of a landlord. Just a thought.

One Thing’s For Sure: the Crew of the Enterprise Never Saw This Coming

Well, maybe Spock did. After all, he’s a Vulcan. You can live long and prosper, though, if you follow these tips religiously when considering rental property expenses. It is, after all, a pretty big universe out there. Explore.