Feed aggregator

Lenders Further Relax Standards as Prices Soar

NAR Daily News Magazine - August 7, 2017 - 12:00am

Some industry experts say this won’t be a repeat of the free-wheeling days that led to the last housing crash, but others are raising alarms...

Categories: Real Estate

Is the Demise of 1% Loans a Good Thing?

NAR Daily News Magazine - August 7, 2017 - 12:00am

Home buyers using Fannie Mae and Freddie Mac’s low down payment programs, which will go by the wayside in November, often end up paying more...

Categories: Real Estate

Bidding Wars: Don’t Blindly Take Highest Offer

NAR Daily News Magazine - August 7, 2017 - 12:00am

As home prices rapidly increase, make sure your sellers understand that offers with an appraisal contingency could be a gamble.

Categories: Real Estate

8 Best Cities for Aging in Place

NAR Daily News Magazine - August 7, 2017 - 12:00am

Retiring baby boomers are modifying their homes so they can live independently for as long as possible. These places have the most listings...

Categories: Real Estate

Survey: Pets Drive Millennials’ Decision to Buy

NAR Daily News Magazine - August 4, 2017 - 12:00am

Recent home buyers ages 18 to 36 rank more space for their dogs higher than marriage or having children as a motivation for purchasing.

Categories: Real Estate

Which Grocery Store Lifts Home Values Most?

NAR Daily News Magazine - August 4, 2017 - 12:00am

Homeowners living near these three grocers are earning the most profit at resale, according to a new study.

Categories: Real Estate

New Avenue for Military Vets to Enter Commercial Real Estate

NAR Daily News Magazine - August 4, 2017 - 12:00am

Former U.S. servicemembers can now take advantage of the CCIM Veterans in Real Estate Program, with tuition and fees covered under GI Bill...

Categories: Real Estate

Mortgage Rates Aren’t Budging

NAR Daily News Magazine - August 4, 2017 - 12:00am

The 30-year fixed-rate mortgage continues to average below 4 percent. 

Categories: Real Estate

Big Slowdown in Growth of Rental Rates

NAR Daily News Magazine - August 4, 2017 - 12:00am

Monthly costs are falling the most in some of the country's largest cities. Find out where.

Categories: Real Estate

Historic N.J. Home Listed for $10

NAR Daily News Magazine - August 4, 2017 - 12:00am

Here's why a 3,912-square-foot home in Montclair, N.J., built by a famous architect sold for $1.4 million two years ago—but is now going...

Categories: Real Estate

Real Estate Q&A: What Happens When the Home You’re Buying Can’t Get Insurance Coverage?

RisMedia Buying 101 - August 3, 2017 - 3:56pm

(TNS)—Q: We are buying a home and had a “four-point” inspection done for the homeowner’s insurance. The insurer declined to cover the house due to the brand of the electrical panel fuse box. What gives? -Dan

A: Most insurance companies require a “four-point” home inspection before insuring a property. The inspection focuses on the four main causes of most insurance claims: HVAC (heating, ventilation and air conditioning); electrical wiring and panels; the roof; and plumbing. This inspection doesn’t concern itself with cosmetic or other issues outside of the four listed systems.

Certain brands of electrical panels, particularly those installed before 2000, have been found to cause problems and not perform as they should. A fuse is supposed to trip when there is a problem in order to prevent a much larger problem. Many home fires are caused when fuses or panels malfunction.

If the insurer is denying coverage due to a suspect panel, the worst solution, in my opinion, would be to try a different insurer. Just because another company will give you the coverage doesn’t make the panel any safer.

If you are faced with this situation, speak to the seller about replacing the panel before the deal goes any further. If the seller won’t budge, your best bet is to find a different, and safer, home.

Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar.

©2017 Sun Sentinel (Fort Lauderdale, Fla.)

Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post Real Estate Q&A: What Happens When the Home You’re Buying Can’t Get Insurance Coverage? appeared first on RISMedia.

Categories: Real Estate

Real Estate Text Scam Makes Bold Accusation

NAR Daily News Magazine - August 3, 2017 - 12:00am

A reminder: Don’t click on mysterious links texted to you, even those that appear to personally accuse you of wrongdoing. 

Categories: Real Estate

Ugly Home Features Buyers Can't Overlook

NAR Daily News Magazine - August 3, 2017 - 12:00am

Home shoppers can get hung up on cosmetic issues of a home, even those that are often relatively inexpensive to fix.

Categories: Real Estate

Rural Residents Don’t Want to Move

NAR Daily News Magazine - August 3, 2017 - 12:00am

Americans who live in rural areas are increasingly staying put—and they have plenty of reasons to do so. 

Categories: Real Estate

Student Housing Emerges as Boon for Investors

NAR Daily News Magazine - August 3, 2017 - 12:00am

Economists point to several reasons that the uptick in student housing investments is likely to only get stronger in the coming years. 

Categories: Real Estate

Amazon’s Alexa Adds More Real Estate Skills

NAR Daily News Magazine - August 3, 2017 - 12:00am

More brokerages are finding ways to integrate the rise of digital voice assistants, like Amazon’s Alexa, into providing real estate...

Categories: Real Estate

Legislation Seeks More Secure Smart Homes

NAR Daily News Magazine - August 3, 2017 - 12:00am

With smart devices from cameras to refrigerators under attack by hackers, new bipartisan legislation in the Senate is pushing stronger security...

Categories: Real Estate

5 of the Best Cities to Flip Houses In

RisMedia Consumer News - August 2, 2017 - 3:40pm

Flipping a house can be a profitable endeavor—especially in cities where flips thrive. The best cities, according to recently released findings from a study by WalletHub, boast a combination of a desirable quality of life, cost-effective renovation expenses and prime market potential.

The following cities, based on those criteria, are best for flips:

  1. El Paso, Texas
    El Paso earned the No. 1 ranking in WalletHub’s study, with a total score of 69.6. El Paso has the third-lowest bathroom remodeling costs, on average, of the 150 cities evaluated.
  1. Sioux Falls, S.D.
    Sioux Falls earned the No. 2 spot in the ranking, with a total score of 69.52.
  1. Fort Wayne, Ind.
    Fort Wayne earned the No. 3 spot in the ranking, with a total score of 67.38.
  1. Peoria, Ariz.
    Peoria earned the No. 4 spot in the ranking, with a total score of 66.6. Peoria has the fourth-lowest whole-home remodeling costs, on average, of the 150 cities evaluated.
  1. Oklahoma City, Okla.
    Oklahoma City earned the No. 5 spot in the ranking, with a total score of 66.56. Oklahoma City has the fifth-most real estate agents per capita of the 150 cities evaluated.

Source: WalletHub

For the latest real estate news and trends, bookmark RISMedia.com.

The post 5 of the Best Cities to Flip Houses In appeared first on RISMedia.

Categories: Real Estate

Commercial Agents See 11% Jump in Income

NAR Daily News Magazine - August 2, 2017 - 12:00am

REALTORS® working in this sector of the industry reported a gross annual income of $120,900 in 2016.

Categories: Real Estate

4 Quick Fixes Sellers Should Avoid

NAR Daily News Magazine - August 2, 2017 - 12:00am

Are your clients reaching for the bleach to get their house ready for the market? Here are a few short-term cleanup mistakes you can help them...

Categories: Real Estate

Suburban Realty Professionals  ♦  Princeton Office  ♦  96 Wall Street  ♦  Princeton, NJ 08540  ♦  877-221-8787