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5 Reasons to Sell Your Home in the Spring or Summer

Sellers, do you want to get top dollar foryour home? In this video I’m going give you 5 reasonswhy you should list your home in Spring or Summer.

Coming up.

Paul BrelinCentury 21 NorthBay Alliancewww.

PaulBrelin.

Com Hey what’s up ya all, this is Paul Brelinof Century 21 NorthBay Alliance helping you to achieve your real estate dreams and goals.

I’m building this channel to inform andeducate people on all things real estate in Sonoma County, including videos like thisone.

So if you are new here, consider subscribingand if you have any questions, leave me a comment and I’ll get back to you.

Ok, let’s get down to it.

Number 1, Bigger sale price.

In most markets, more inventory means lowerprices, Econ 101 right? But the housing market works the oppositeway – Prices are highest in the Spring and Summer which is prime season and it's whenthe most homes are listed for sale.

It may seem a illogical, but it happens thisway because demand to buy homes is very seasonal, driven by weather and the school year.

So, there are more buyers in spring and summerbecause for many people this is a convenient time to move.

So relative to demand, the supply of homesis actually tighter in spring and summer than in winter and the fall.

Number 2 – Better valuationsWhen creating the valuation on your home, the appraiser looks for data on comparablehomes sold in your neighborhood.

But if the appraiser can only compare to datafrom a home that sold for cheap in the winter, it can hurt the valuation for your home whichcould put you at at a disadvantage when it comes to selling.

With more homes selling in the prime season,comparable home data is more accurate.

So, the best case scenario would be for youto be the second or third person in your neighborhood to put your house up for sale and take advantageof the earlier home sales which will be a better and more accurate, more comparablesales for your home.

Your agent should talk to the appraiser tomake sure that he/she understands your neighborhood.

Appraisers often come in from out of townand may not understand that the home that recently sold for $400,000 was a fixer upper,when prices are normally $600,000 in that neighborhood.

Number 3 – Better curb appeal and longer daysYour home will shine in the Springtime – flowers are blooming and buyers are out looking fortheir dream home.

Daylight Saving Time also gives buyers moretime to look at houses, meaning your property can be seen by more buyers during the day.

A bright and sunny home will sell better thana dark and cold home 10 out of 10 times.

Number 4 – Bidding warsBidding wars are a headache for buyers but a big plus for sellers.

If you put your home on the market when inventoryis at its high, there is a better chance for bidders and multiple offers because thereis also an increased number of buyers competing against one another.

Bidding wars mean more money in the seller’spocket.

They usually mean buyers are less likely tomake request for repairs or other demands on the seller requests.

Additionally, cash buyers can be aggressivebidders and you might find a buyer with a bucket full of dollars with and a fast laneto close of escrow.

Number 5- Sellers can be choosy tooDon’t want your childhood home bulldozed to the ground for a new McMansion? Well, you have a better chance of findinga loving couple looking to start a family on the on-season.

More buyers mean more offers and you may bebetter able to choose the next owners of your home.

Sellers, if you are selling your home on theoff season, don't despair.

Although you may not get as many buyers lookingat your home, the buyers that do come are often very motivated.

Off-season buyers are more focused and seriousabout finding the right home in a short amount of time.

In many cases, they are involved in a relocationor facing a situation that is requiring them to move.

If buyers are out looking at houses the daybefore Thanksgiving or chilly New Year’s Eve, you know they are serious.

So thanks so much for checking out this video,definately subscribe for more videos just like this one.

And if you haven’t downloaded my sellersguide, go get it.

It’s actually a guide for where I show youhow to prepare you home for the market.

So you can grab that for free.

The link is in the Youtube description belowor up on the Youtube card.

I’m Paul Brelin Century 21 NorthBay Alliance.

Remember, the agent you choose matters.

And I'll talk to you soon.

Source: Youtube

5 Reasons to Sell Your Home in the Spring or Summer

Sellers, do you want to get top dollar foryour home? In this video I’m going give you 5 reasonswhy you should list your home in Spring or Summer.

Coming up.

Paul BrelinCentury 21 NorthBay Alliancewww.

PaulBrelin.

Com Hey what’s up ya all, this is Paul Brelinof Century 21 NorthBay Alliance helping you to achieve your real estate dreams and goals.

I’m building this channel to inform andeducate people on all things real estate in Sonoma County, including videos like thisone.

So if you are new here, consider subscribingand if you have any questions, leave me a comment and I’ll get back to you.

Ok, let’s get down to it.

Number 1, Bigger sale price.

In most markets, more inventory means lowerprices, Econ 101 right? But the housing market works the oppositeway – Prices are highest in the Spring and Summer which is prime season and it's whenthe most homes are listed for sale.

It may seem a illogical, but it happens thisway because demand to buy homes is very seasonal, driven by weather and the school year.

So, there are more buyers in spring and summerbecause for many people this is a convenient time to move.

So relative to demand, the supply of homesis actually tighter in spring and summer than in winter and the fall.

Number 2 – Better valuationsWhen creating the valuation on your home, the appraiser looks for data on comparablehomes sold in your neighborhood.

But if the appraiser can only compare to datafrom a home that sold for cheap in the winter, it can hurt the valuation for your home whichcould put you at at a disadvantage when it comes to selling.

With more homes selling in the prime season,comparable home data is more accurate.

So, the best case scenario would be for youto be the second or third person in your neighborhood to put your house up for sale and take advantageof the earlier home sales which will be a better and more accurate, more comparablesales for your home.

Your agent should talk to the appraiser tomake sure that he/she understands your neighborhood.

Appraisers often come in from out of townand may not understand that the home that recently sold for $400,000 was a fixer upper,when prices are normally $600,000 in that neighborhood.

Number 3 – Better curb appeal and longer daysYour home will shine in the Springtime – flowers are blooming and buyers are out looking fortheir dream home.

Daylight Saving Time also gives buyers moretime to look at houses, meaning your property can be seen by more buyers during the day.

A bright and sunny home will sell better thana dark and cold home 10 out of 10 times.

Number 4 – Bidding warsBidding wars are a headache for buyers but a big plus for sellers.

If you put your home on the market when inventoryis at its high, there is a better chance for bidders and multiple offers because thereis also an increased number of buyers competing against one another.

Bidding wars mean more money in the seller’spocket.

They usually mean buyers are less likely tomake request for repairs or other demands on the seller requests.

Additionally, cash buyers can be aggressivebidders and you might find a buyer with a bucket full of dollars with and a fast laneto close of escrow.

Number 5- Sellers can be choosy tooDon’t want your childhood home bulldozed to the ground for a new McMansion? Well, you have a better chance of findinga loving couple looking to start a family on the on-season.

More buyers mean more offers and you may bebetter able to choose the next owners of your home.

Sellers, if you are selling your home on theoff season, don't despair.

Although you may not get as many buyers lookingat your home, the buyers that do come are often very motivated.

Off-season buyers are more focused and seriousabout finding the right home in a short amount of time.

In many cases, they are involved in a relocationor facing a situation that is requiring them to move.

If buyers are out looking at houses the daybefore Thanksgiving or chilly New Year’s Eve, you know they are serious.

So thanks so much for checking out this video,definately subscribe for more videos just like this one.

And if you haven’t downloaded my sellersguide, go get it.

It’s actually a guide for where I show youhow to prepare you home for the market.

So you can grab that for free.

The link is in the Youtube description belowor up on the Youtube card.

I’m Paul Brelin Century 21 NorthBay Alliance.

Remember, the agent you choose matters.

And I'll talk to you soon.

Source: Youtube

Rent A House Or An Apartment In 3 Easy Steps

Hi my name is Edgar Mercado and in this videoI'm going to give you the three easy steps you need to take when looking to rent a houseor an apartment and save time, money, and headaches so.

Stay tuned! Step 1- find home or the apartment you'relooking for.

Searching websites such as rentals.

Com or zilllow.

Com provide you with a big listof homes or apartments that are for rent in your area.

The only bad thing about this isthat most of these websites are not updated often enough and therefore have a lot of outdatedinformation so you need to be patient and take some time to make phone calls and makesure that the home you like is still available.

Step number two is by far the most importantstep.

If you follow these steps it will save you time, money, and a lot of hassle.

Here'swhat you need to do: First, Obtain a copy of your most recent creditreport.

I know there are websites such as credit karma.

Com and others where you canget you a free copy of your credit report.

Just be sure that it is free and that youwill not get charged later down the road.

This way you can use this copy with everyone of the places you apply for a lease without being charged $25 or so for every time youdo.

Talking about your credit report, Please note that while you may or may not have anexcellent credit, it will not ultimately be the deciding factor to obtain the lease agreementsigned.

What landlord's and homeowners renting their property are looking in your creditreport is any previous evictions you may have on your record.

It may also be a good ideato have another person cosign with you but understand that if you fail to pay your renton time it will also affect the person that is cosigning for you.

Next, gather all your most recent paystub's as well as the history of your previous residenceduring the past 3 to 5 years.

Have at least 3 to 5 references of people that know youand can be called to be asked about you.

Finally, bringing and already filled out rentapplication and your checkbook.

I put A link to one you can download in the descriptionbelow.

By doing this are showing that you are prepared and you're not there to wasteanybody's time.

Step number three, be honest and willing tocompromise- When you find a rental you love, make sure“not to ask for any special concessions,” Many prospective renters make the mistakeof asking if the security deposit can be divided into payments over the first few months orif the rent could be lowered, or if they can be allowed to have pets when there is no petsallowed.

Considering that the landlord may have already been on the fence about acceptingyour application, asking for special circumstances may make him decide you’re too much of arisk.

“Ultimately,” it is the owner of the propertywho must decide if you are the best fit to live in his property.

So make it easy on yourselfand have all of the above ready and get out on the hunt.

I guarantee your applicationwill stand out from all the others because you are showing that you are prepared andready to moving in.

Thank you so much for watching! I appreciateit! If you like this video please be sure to like, comment, and subscribe to my channel4 more real estate related tips and as always "let's make home happen!.

Source: Youtube

How to Decide Whether to Buy or Rent a Home

How to Decide Whether to Buy or Rent a Home.

Owning your own home is the American Dream, but don't jump into such a major commitmentbefore you're ready.

With careful consideration, you can decide whether it is best for youto buy or rent a home.

You will need Short-term future plan Savings account statement Handymanskills Basic math skills Commitment Money for closing costs and agent fees (optional)and knowledge of tax deductions (optional).

Step 1.

Think about how many years you planon staying in your home.

If you aren't sure that you'll be in the home for at least 3years, you'll likely be better off renting than buying.

Step 2.

Check your availablesavings to see how much money you have available for a down payment.

If your available downpayment is less than 20 percent of the purchase price, you'll likely have higher monthly payments,and renting may be a better option — at least until you can save more money.

Be sure thatyou have enough to cover closing costs and real estate agent fees in addition to thepurchase price when buying a new home.

Step 3.

Think about whether you have skills orenough money to handle incidental repairs like a broken air conditioner or clogged plumbing.

Renting means that these responsibilities are the landlord's; when you buy, the responsibilityis all yours.

Step 4.

Compare the rent ratio by dividing the purchase price of a new homeby the annual cost of renting a home.

Consider buying if the ratio falls below 20.

Considerrenting if the ratio is above 20.

Step 5.

Calculate the tax breaks that you would receivefrom buying your home by estimating how much interest you would pay on a mortgage and howmuch property tax you would pay within a year.

Determine whether this break is large enoughto warrant buying a home.

Determine whether the tax deduction for purchasing your homeexceeds the standard deduction that everyone — including renters — is allowed to take.

Step 6.

Decide if you're mentally ready to commit to a large, long-term purchase.

Buyinga home means that you can't pack up and move whenever you want.

If you're ready for thiscommitment, and your finances are all in line, it might be time to find an agent and startshopping for your dream home.

Did you know The White House features 132 rooms, 35 bathrooms,and 6 levels in the residence area.

Source: Youtube

How to sell your house – Part 1: Price is more than just a number from a CMA or AVM

Pricing your home effectively is one ofthe most important things you do when preparing to sell your home.

There is no magic formula.

But you don'thave a system you might as well pick a number out ofthe sky and consult a Magic 8-Ball.

This is the first in a three-part series where we're gonna talk about price.

The other two coming up are Competitionand Condition.

Stay tuned to our channel, subscribe below, and makesure you get onto those as soon as we publish them.

This video though willfocus on that five hundred-pound gorilla [animal scream] inthe room and that's Price.

Everybody wants to talk aboutprice.

Everybody has an opinion on price.

We're also gonna talk about thedifference between an AVM or Automated Value Model and a CMA orComparative Market Analysis.

We're gonna discuss the fundamentals ofprice and value and who determines which.

And we're going totalk about your choices as a seller.

There's a lot of talk today, from the bigNational Association of Realtors all the way down to the local level, totalk about accuracy matter.

Accurate data matters.

That'strue.

That's important, but trusting that one exclusive source that whether it'san AVM or a CMA, I don't care where it came from, trusting one source above all others isa mistake.

Take all the information, all the datathat you can pull in, and then make a human decision.

Take that [data] and do what we call is agut-check check.

Does it make sense? Is it accurate? Is itrelevant? Is it realistic? We'll get into all that in a minute butfirst I want to make sure that we touch on one important thing.

And that's establishing the basicfundamentals of an open marketplace.

Not real estate, specifically, but an open marketplaceanywhere.

[Question] Who sets the price? [Answer] That's the person with the product or providing theservice.

That's the person who has the thing that people want to buy.

[Question] Who sets the value? [Answer] The market sets thevalue.

The buyer sets the value.

The personwilling to pay you or pay someone for that product or service is the onewho sets the value.

Do yourself a favor and get someone in the door that understands how the market works, not how a computer program works, how price is established and value is establishedand the relationship between the two.

When it comes to setting price for a home two terms generally come out and that'sit an AVM and a CMA The AVM is an AutomatedValuation Model.

You don't hear this quite as much, it's alittle bit more of an "inside baseball" thing.

But most people will have heard of a CMA, a comparative market analysis.

Now whatthat is and what the AVM is, they're basicallythe same thing.

They take data from listings that haveeither sold or withdrawn or on the market currently.

They pull them in and they do someaveraging they do some medium pricing and then they spit out a number.

They giveyou a bunch of nice fancy charts and all kinds of other different things.

But they're all basically the same thing.

Everybody uses an AVM or a CMA whether or not they realize it or not.

There are those that you pay for.

There arethose that come with your MLS.

Even some agencies and brokerages havetheir own model.

There are some famous AutomatedValuation Models out there like the one from Zillow called a Zestimate.

And just like the Zestimate, everyAutomated Valuation Model that is used by agent or anybody elsehas its limitations.

It has its pluses and it hasits minuses.

So what you have is a couple situations:one is you have an agent who just uses their system exclusively.

Whether it's through their MLS or through theircompany or they pay for it, whatever.

They just use whatever number comes outof the machine.

And they go with that.

Because that's what's on the printedpage and that's what they're gonna present to you.

When they sit down for their half hourlong listing presentation about how wonderful they are.

[clapping] The second type a situation that you'relikely to find is the agent who does all that samestuff that the first one does but now they just make arbitrary changesto the numbers just because they don't want to seem like they're following acomputer model.

There's no real fact or analysis or anyother type thing behind it.

They just don't want to have the exactsame number.

So they'll go up or down, sometimes only a matter of a couple hundreddollars.

But just so that seems like they're incharge of this thing and "well that computer is exactly what it'scracked up to be.

But I'm the one you need hire because I'm alittle bit smarter than the computer.

Now the really bad situation that youwant to avoid are the agents that cook the books.

They're the ones that inflate the price of the house in order to entice you as a seller to go withthem.

They just want to get the listing thenthey're gonna beat the crap outta you for the next couple months about trying to lower the price.

But it's notthe agent and it's not you who determines thatvalue.

The buyer does.

The market does.

So the first step in theprocess is to Gather Data.

Include your local MLS becausethere is information in there that just quite frankly isn't available anywhereelse.

[For instance] you can get information about sellerconcessions.

So just because the sales price was X amount of dollars thesellers kicked in 10 grand on seller subsidies to help the buyerswith closing costs.

Now what that does is that, in effect,means that they got a lesser price for their home.

It doesn't show up onthe sales price because that's not how it's financed not how it works out in the end.

But thenet back to the seller is less.

You as a seller need to understand that it'syour net that's most important not the price.

There are a lotof things that happen after that initial agreement on price that can pull money away from you.

Thenext is competition.

You have to know the competition.

Nowcompetition isn't just the ones [homes] that are on themarket right now or under contract right now.

It's everything.

It's the listings that sold, that's competitionfolks because everybody's looking at that.

Your buyers across the other end of thetable are looking at the solds as well in order to tabulate calculatethe offer that they're going to make.

So youneed to look at that too.

That's your competition.

The next placeto look are those big/nasty/mean portals that everybody likes to talk about.

That's your Zillow and your Trulia andyour Realtor.

Com in any other one that you can think of.

You've probablyalready been there and run Zestimate or some other typeup Automated Valuation Model to see what your home is worth in orderto prepare yourselves for selling.

Guess what? Buyers are doing the samething! Now they [AVMs] may be way off the mark butthat doesn't mean they're not important.

You need to pull them in.

You're in gather dataphase not analysis phase.

You're better off having it.

Not needingit, than needing it and not having it.

Next up is seeking input.

No one knows everythingabout every neighborhood in every step town or every area.

You can't! It's impossible.

Thatmeans talking to appraisers.

That means talking to inspectors.

That means talkingto other people in the area.

Neighbors, agents who have sold otherhomes in that area, agents who have rented other homes inthat area, is there a special assessment that affects this property versus some of the others.

Two almost identical houses in two different neighborhoods:one has a special assessment and one does not.

It means it costs more live at one then theother.

The last portion is a gut-check.

This is the mostimportant piece of all of this.

Does it pass the sniff test? Did we missanything? Take a look at all the things that youpulled in to try and figure out, does this even seem right? Am I.

Does this just seem way low? Does it seem way high? Does this seem right? Do wehave all the information we need in order to make a decision? When I wasin Baghdad in 2008, I had an intelligence officer cometo me recommending that we take this certain bridge with our convoy to get across the TigrisRiver.

He saw that is the best option.

I saw itis a pretty terrible option because our United States Air Forceeliminated that bridge from existence in 2003.

[jet noise.

Explosion!!!] You need to have that got check andyou need to go ask somebody before you go making recommendations that are way off the mark.

The next stepafter gathering all the data is analyzing the data.

Now is when youstart to see some patterns emerge.

You start to see some price ranges.

Youstart to see some commonalities, some features you start to see thatcertain home start to be priced a certain way.

And when they're priced a certain way theysell in a certain time frame.

Now is when you start to develop yourCourses Of Action, your COAs.

Condition and Competition are criticaland again we're gonna talk about those in future videos.

But if the comparable properties, from acertain time frame at a certain price were of far worse condition or farbetter condition then the home that you're trying to sell,that's going to have an impact on the price that you establish and the value that the market is willingto pay.

You are analyzing the data for relevance.

Are you using the comp rules that youshould be? Is there a neighborhood or a home or a set of homesthat you just missed? A very relevant situation here inLoudon County are is the new home construction versus the very recent construction, so you couldhave a neighborhood it's only 4 or 5 years oldcompared to a new home right down the road.

The market couldperceive more value by getting custom features built to suit than a home that is already built and hasthe features that you like and not necessarily the ones that they want.

Afteryou gather the data and analyze the data, it's time for us tomake a recommendation.

Our goal is to give you the information,education, and advice you need in order to make the best decisions.

We're gonna give you a Course Of Action that we think is the main one that youshould focus on based on what we know.

Today.

But we're alsogonna give you some options that show you what might happen if.

Ifthis happens, than that.

If this happens, then you needto do that.

If you'd like this you need to do that.

We're gonna give me some options.

So make sure that you understand thatthere are pluses and minuses for pricing high and pricing low.

The choice is ultimatelyyours but I would caution you not to pick the agent that just comes in with the highestprice.

Every decision has Strengths Weaknesses Opportunities and Threats.

[SWOT Analysis] Understand the full big picture and hiresomebody that can help you understand that andmaybe point out some things you haven't thought of.

You are paying for maximum effort andexceptional results.

Why settle for average? Why settle forthe agents who are gonna sit back, rely on one system, generate a number, pump that out to you, cross your fingers,set it, forget it, post and pray, sit back andsee what happens? There is no secret sauce.

There is nosecret family recipe.

It's all about understanding thefundamentals.

Understanding the relationship between Price and Value.

Gathering the best data.

Analyzing thatdata making sure that it's accurate andrelevant.

And then making recommendations based on what is best for you.

Giving youthe information, education, and advice to enable you to make great decisions.

That's our purpose here.

and thank you for watching this video,the first of three.

[sad music playing and high squeaky altered voice] so.

Several things that interrupted our shooting tonight and have taken.

Uh.

Us into.

[normal voice] It's after one o'clock in the morning and we're still here shooting because well.

I don't quit.

That's just not in ournature.

so have any other agents are willing todo that?!?.

[blooper reel] has an opinion on what a home to should.

Dang it! Ahhh! [not really on the phone but doing my best Harpo Marx impression] [frustrated] ok.

[walk like an Egyptian?] That after all is what you want.

You want to be able tomake.

I don't wanna tell you what you want! [I want you to tell me what you want!] Please like & share! Don't keep us a secret.

Thank you! Good night.

Source: Youtube

When The Right Time To Sell, And When Should You Rent or Hold It?

Brian: I’m Brian Spitz, president of BigState Home Buyers.

Thanks for joining us and today, as our guest, we have Amber Carrillo,with Carrington Real Estate Services.

And we’re going to talk about when is the righttime to sell your house, and whether or not you should rent or sell it.

Whether it’sin this current market or just in general.

So, thanks so much for coming today.

Amber: Absolutely.

Thanks for having me.

Rent home or sell it(0:00:53.

1) Brian: Absolutely.

So, tell us about renting your home or selling it.

Amber: Well, when it comes to renting your home or selling it, there are just so manydifferent factors.

A lot of it is going to depend on you, on personal finances.

And whatworks best for your situation.

Are you in a situation where you need to sell your housein order to buy another one? Or are you in a situation where you’re going to be a longdistance landlord.

There are so many factors that go into that.

Brian: Yeah, that’s true.

I mean, a lot of it, I guess, is whether or not you needthe down payment and the equity of your first house or whether your mortgage lender requiresthat you only have one loan.

Amber: Exactly.

Brian: When you see people rent houses out, in my experience, at Big State Home Buyers,we buy houses directly from sellers and one of our biggest client bases is actually, afunny word, is tired landlords, people that have been landlords and want out of the business.

So, what I tell people is it’s not as easy as it looks.

But what is your experience?Of course, it works out really well for some people, especially if you get the right tenants.

Amber: Right.

(0:01:54.

8) Getting a Property Manager ifRenting Brian: What do you see for the average personwho is thinking about renting their home, rather than selling?Amber: Well, if you do not have the experience, I would absolutely recommend that you contractthat out with someone to handle the property management, because there are just so manydifferent laws, you know, tenant rights and landlord rights, and you really need to bestudying up on those types of things.

If not, have a really good real estate attorneyin your corner that you can call whenever a question or situation arises.

When it comesto doing evictions and stuff like that, it can get really hairy, so it’s not somethingthat you would always want to handle hands on.

Brian: Oh, yeah, definitely not.

The biggest reason people try to take that on themselvesis basically to save the money you pay the property manager but my philosophy is youshould pay people to do what they do best so you can do what you do best.

Amber: That’s exactly right.

Brian: Property management is a tough deal.

(0:02:44.

4) Screening tenants Amber: It is a tough deal.

And it’s so important,if that’s something that you’ve chosen to do, is that you screen the applicants verywell and you’ve got a system in place to screen those.

Brian: Right.

Amber: So a lot of times, if you’re goingto list it with an agent to lease it out, we have those resources available to do backgroundchecks and credit screenings and stuff like that.

Brian: Right.

Amber: To be able to prevent putting felonsand stuff like that in the property.

Brian: Right.

And so a lot of times, peoplejust put a For Rent sign in front of their house and they kind of take whichever tenantlooks like they can pay the rent.

But the reality is if you just wait for the righttenant, you end up in a much better position.

Amber: That’s right.

Brian: So, definitely, you know, and the market right now for rentals, just like for sales,is really strong.

So you can hold out for the right tenant.

Amber: Right.

Absolutely.

There’s tons of investors in the market that are snappingup the houses and turning them, holding them for a period of five to ten and even twentyyears, in some cases.

And they’re renting those properties out.

And there’s a highdemand for rentals.

There are so many people moving to Houston on a weekly basis, so, yeah,there’s a need out there.

And at every turn that you make here in Houston, you see newapartment complexes going up.

Brian: Everywhere.

It’s crazy.

Amber: Yeah.

And occupancy rate is very high right now, so rentals, they are a great investment.

Brian: So you can hold out for a good tenant.

If you’re going to rent your house, holdit out for a good tenant.

Amber: You can, but again, that just dependson if you have note on that house that you need to pay.

Yeah, if you’re in a bind financially,then that’s going to effect on how long you hold out for a good tenant.

9:04:15.

5) When is right time to sell Brian: Right.

Oh, I guess, that’s true,too.

How do you know when it’s the right time to sell? You know, there are a lot ofthings about the time of year or the market.

Obviously, the market, the perception is themarket is very strong in Houston, which it is, but what do you tell people when theyask you, what is the right time to sell my house?Amber: Well, you know, many people are looking to sell during the summertime.

That summertimefrenzy starts right in May and goes until about the end of August, beginning of September.

And that’s when you run into situations where you have multiple offers and there’sjust, you know, it’s not uncommon to have your house shown ten times a day.

So, butthat’s a time where people are moving.

You know, teachers are out of school for the summer.

Their kids are out of school for the summer.

And so it’s just more convenient to moveduring that time.

Generally, though, when people are lookingfor a house, if they’re going to be looking for a really good deal, they know the seasonsand they know to hold off.

Only people who really need to sell their house are goingto put their house on the market during Christmas time or during the holiday season.

Brian: Right.

Amber: So, if that’s something that you’refaced with, if it’s possible to put your house on the market during the frenzy, thebuying frenzy, I would definitely recommend it.

If not, you may take a hit in the priceby putting it on the market during the holiday season.

Brian: What’s the cut-off point? Like, if I have a house ready, can I put it on themarket November 1st? Is that too close to Thanksgiving? What is your opinion?Amber: There are people, sometimes, there are so many people moving into Houston, alot of relo’s are happening.

So there will be people, those people come any time of theyear.

Brian: Right.

Amber: And they still need to buy, just like everyone else.

And because we have such adeficit of homes and listings on the market available, right now, you’re not seeingthat impact as greatly as we did several years ago.

Brian: Right.

So really, any time right now in Houston is a good time to sell a house.

Amber: Absolutely.

(0:06:14.

3) Homestead ExemptionBrian: One of the other things that I see is, in our business, because we’re alwaysbuying, selling, buying, selling.

So we’re always closing houses and the fourth quarterof the year that, you know, November, December, October, those months can be some of our busiestmonths.

And one of the reasons I see in the past couple of years is the Homestead Exemption.

Doesn’t the Homestead Exemption cut off at the end of the year? You have to file forit by December 31st, don’t you, for the following year?Amber: You have to live in that house by December 31st.

Brian: Live in it.

Amber: Yes, of that year, in order to fileit for January.

Brian: So, there’s often a push to get closingsdone in the last weeks of the year so that you can get that Homestead Exemption.

Amber: There is.

And if you work with investors, like a lot of us do, then you’ll find abig push, you know, people are needing to make wise investments before the end of theyear for tax purposes.

So we usually, November, December, are some of our busiest months.

Brian: Yeah, they are.

Well, what else can you tell us about when to sell your house?Amber: Well, let’s see.

Brian: Or when you need to sell it.

Amber: Or sell it when you need to sell it.

Exactly right.

As far as seasons go, gosh(laughter).

I’m drawing a blank.

Brian: Well, that’s a really good start.

So if you want to rent your house, you can contact a good real estate agent, like yourself,and how can we reach you at? Amber: CarringtonRealEstateServices.

Com.

Brian: Okay, so CarringtonRealEstateServices.

Com.

If you want to sell your house fast and youdon’t want to list it and you don’t want to fix it, or if you’re a landlord that’stired of being a landlord, you can contact us at BigStateHomeBuyers.

Com.

But for theperson that wants to rent their house out, and I agree, get yourself a good agent.

Makesure you screen the tenants.

Hold out, if you can, for the good tenant that’s stablewith a job they’ve had for a while and good rent history.

And if you want to sell it,even though the seasons, the old thing is sell in the summer, hold in winter.

If you’rein Houston and you want to sell your house, it looks like any time is the time to do it.

Amber: Any time is a good time.

Brian: Great.

So again, I’m Brian Spitzwith Big State Home Buyers and we are here with Amber Carrillo with Carrington Real EstateServices and thank you very much for joining us.

Amber: You got it.

Brian: Great.

Thank you.

Source: Youtube

Rent or Buy a House?

To buy, or not to buy.

That is the question.

Should you continue to rent? Or should youbuy your first home? This can be a challenging decision.

But it need not be.

In the nextfew minutes we'll show you simple way to determine exactly when to make the move to home ownership.

Let's start with a quick comparison of the advantages of both options.

Renting has twoprimary advantages: mobility and simplified financial obligations.

Buying a home has different advantages.

Each mortgage payment builds equity in your house;House payments remain essentially fixed, even as other prices rise; Your tax bill will likelybe lower; and your home improvements build upon your investment.

But when is it best to switch from renting to buying your first home? From a financialpoint of view, it essentially comes down to two factors:The minimum number of years you plan to own the house, and the size of your down payment.

We'll illustrate this with a spreadsheet we created in Google Drive.

(You can get your own copy of the spreadsheet by clicking on the link listed in the descriptionsection below and copy it into your own Google Drive.

)The cells with no shading contain the all information we need for our calculations.

The default values are typical of those for buying a starter home with a cost of $100,000.

A summary of the analysis is best illustrated by two graphs.

The first graph shows the projectedexpenses for both renting and homeownership over the coming years.

The curves show thatthe projected accumulated expenses for house ownership start out higher, but eventuallydrop below the rental expenses at some point in the future.

There are several reasons for this.

First, as soon as you buy a house, you incur thefuture cost of selling it.

Even though this expense won't be paid until the house is sold,we count it as an expense right up front.

It's this expense that makes homeownershipinitially cost more than renting.

In most cases, accumulated renting expenseswill eventually exceed the costs of owning a home.

This is because less money is spenton mortgage loan interest as you build home equity.

On the other hand, rental costs generallycontinue to rise at the rate of inflation.

By looking at this graph, it's clear thatyou will need to hold onto your house for at least a few years to break even.

So ifthere is a high likelihood of you moving soon, it's better to continue renting and save fora larger down payment.

This brings us to the second primary factor–yourdown payment.

A higher down payment means a smaller mortgage, which lowers your interestpayments, thereby lowering your overall house expenses.

Further, if your down payment is less than 20% of the house price, your loan will likelyrequire the additional expense of private mortgage insurance (or PMI) as part of yourmonthly house payment.

Now that we know the two primary factors impactingyour decision, let's look at the second graph in the spreadsheet.

One axis represents theamount of your down payment.

The other, is the minimum amount of time you plan to ownyour home.

If your situation puts you within the shaded region, it's better to continuerenting.

But if you determine that your situation puts you outside of the shaded region, it'stime to consider buying a home.

For example, this graph shows if you put 20% down, youshould plan to own the house for at least 2.

5 years.

You may have noticed that throughout our analysis, we have assumed that the values in our spreadsheetremain the same over time.

But in the world of real estate, nothing remains the same.

Inflation, mortgage rates, and home prices vary significantly over time.

So is the whole analysis hopeless and just a matter of luck? Fortunately not.

A homeownerhas one significant hedge against all these variables.

That hedge is "time.

" Accordingto the famous Case-Shiller index, given enough time, housing prices will on average trackinflation.

Therefore, in most cases, you can avoid a loss due to short-term depressed housingprices by simply holding onto your home longer.

As you have seen, the rent or buy decisiondoesn't need to be overly complicated.

By focusing on two important factors, you canstart charting your course to home ownership.

If you liked video and want to continue tolearn more about various aspects of home buying, please subscribe to the home buyer channel.

If your business involves home buying or financing, we encourage you to embed this video intoyour website.

Use the comment section to let us know whatyou think of this video and what other types of home buying topics you would like to seein the future.

Source: Youtube

Should I Rent or Sell My House

hello my name is Fernando Herboso withMaxus Realty Group in today I'll be discussing a question I get veryoften which is should I rent my house instead of sellingit you know that this study has concluded 10 I personal bias prefer to rent outless residence rather than stalin when purchasing the next on in on you have to understanda lot times by is preferred to keep their houses because they want to keepand preserve the value of the property which the equity data received in if there's a way they can offset thepayments that they have to do the mortgage payments versus the payments are they gonna beused to inform a new tenant it does make sense to try to maintainthis property is a rental rather than stellar net but in some cases we have to understandthat you may have to sell your problem on a4a for you to have enough money to purchaseUNIX home so that's another problem day you may face but let's talkabout if you decide it the you want to rent a house in thistale of selling it and let me show you some questions that you may ask yourself the before renting your home enough question numberone it's always how would you respond if your tenants say so they cannotafford to pay their rent this morn because of morepressing obligations you know this happens during peakholiday seasons in a christmastime where people need money for expenses andyou may have the printer I'll which is your tenant a asking new of to wat to receive your payment sothis is something that you have to consider when you are renting a house to anindividual to you are not really familiar how'd they behave withtheir payments in how to behave with the bills thing what type responsibility in thisappliance that they have themselves so that's the chance youtaking Wenger rent a property the question number twowill be because of the economy many homeowners can no longer make theirmortgage payments what percent of tenants do you think canno longer afford to pay the rent so if you're in the area for examplearound washington DC were day tenancy laws really favor a lot more to live attendance then thelandlords you may 5 me you may face yourself a with a huge problem when you're tenand may not be able to make the payments but they had the right to remain in theproperty without pain for a certain period and meanwhile youhave to keep those payments to Europe bank yourmortgage payments had to be babe you wanna personal you credit so there's avery important thing to consider when you renting house another question number tree will be have you ever interview and experiencein the X in the turning case the you have to challenge a tenant this is a bit stressful situation forany person looking to rent a house when you had togo to the court system to make your tenant pay you money another question the you need toask you selfless have you talked to an insurancecompany about possible increase in premiums as liability in greater often on on offby home meaning day you may end up paying moreinsurance if you're renting a house especially in the in area that the insurance company mayfind to be a very risky for damsel you need tospeak to your insurance company to see howmuch more or how much less im a close your insurance if youthinking about renting your house another question is thatwould you allow pets cats dogs and how big is a dogging inthis is a very important question for you because a lot of families do havepets etc and that they moved with debts and youhave to understand that issuer coincidence saying Knoll 100percent not to any bets near you wanna cut down on the number of applicants foryour property possibly in above fifty percent of thepeople and this is not a good thing damnbecause dan is gonna take you longer to rent in his obey important danger you mayconsider directing with a bed maybe somethingthat you may be able to do by maybe charge in an extra the policyto all maybe putting some stipulations during thenegotiation of your lease contract number six how was actually collect thewrecked by mail in person the number on bysoldiers give to people is that I prefer for the tenant to do a directdeposit to the landlord this is a very importantprocess because in deal you're not really an means touching making sure youmaintaining a relationship with your tenant in that is becoming more and morepersonally more friendly that then they will have toliberty to maybe ask you to hold on and they'll have the money can policehelp be your whatever you prefer to have unknownrelationship with a tenant and did less contact with them the better for you and you prefer forthe money to go directly to you director add to your bank account frontairbag bank account and they will be no problem for thatinjury money would come every single for so the Mont number seven repairs are part of being a landlordpools dak 10 and calls for repairs rights inthis is very important for you to realize you taking in assuming a lot ofresponsibility for a whole family living in anotherhouse there you will have no idea what they're doing it having parties or not in what did whether they do into the house thateventually made break you may have achieved maybe puttingsomething in Flushing down the toilet toy use or something implying up to hype you may end up having to pay fordisappears for days in this may happen in the middle of the night end so lemme you have to be ready to take these calls at the worst times you may end up spending hundreds ofdollars repairing things that but that you haveto repair because someone did not take care of this stuff in thedriveway soul abusing the products that you havein your house may be more prevalent wat tenants that they have kids but it's very hardfor you to prove that they were abused in it India theymay be construed the same is just in I'll a regular break andterrible problem of a product because yeah his longevity of how long you'vehad ed in a eventually you end up paying forthe whole thing in x1 is up %uh do you have a list of class peoplereadily available to handle this affairs you'd better have those things readyespecially a plumber which is an emergency English tuitionanother emergency does to are very important for you tohave I prior to put in the proper in the marketpriority for you to have a tenant in and your property to make sure you knowwho to call in case something happens well as electrical plumbing theother question number nine how often will youdo a physical inspection the property normally you can you don't have theright to just burst into the house and knock on thedoor see him here to proceed to inspect the property you can not do that that's against thelaw you have to keep your attendance right golf for you not to but into theirbusiness and you had to giving enough warning days Monday 24 48 hours depending what you contract you pleasecontact says but you have to give been warning how long is going to be I'll when are you going to makeinspection of the property you want to the dais especially once every year to making sure that yourproperty has been taking care of allowed times I see lol hours cannotforget about is they come back three years later andages horrified to find out their property hasnot been taking care of in his son mess and they have to greed drove the wholething so you need to have an inspection preprelease once a year in number 10 we'll alert you turna boost to your rent in the house you know this is something that you haveto understand the reason why would put dissing here is because you want to have they help for your neighbors to makingsure the Incase something that's happened to give you acall are you want your neighbors now to be day watchdogs for your house in is avery important that you maintained a relationship tothis neighbors because you want to know what's going on in your house old times the bone linesdays renting al residential real estatehistorically is a great investment for you however it is not with those challenges make sure you had decided to rent ahouse because you want to be in the Investor now because you're hoping to get a fewextra dollars by postponing a cell if you'redeciding to rent a house please give me a call and I'll be glad to give you more information more directly relatedto your property the location how much you could expecton a monthly basis from the tent my name is for another also I am a broker owner for Maryland DC andVirginia for Maxis Realty Group I can help you rented property or I canhelp you get top dollar for the property if youdecide to sell please feel free to give me a call I 301 246 seal seal seal on where you can getmore information by going to our website www really niceon the comp slash selling thank you have a great day.

Source: Youtube

Should I rent or buy a house?

Let's face it! Figuring what stocks to invest in buying gold or deciding which car to buyare all big financial decisions.

But buying a house is by far thebiggest of them all.

At current real estate and rental rates, home is where the hurt is.

The biggest question then is should you pay rent or buy your own place.

The answer is simple if you thinking long-term paying rent could make a huge dent in your savings.

But if you're thinking short term just thecost of the house you want to buy could end in a hugesigh of defeat.

Or is it that simple? No, but its not trigonometry either.

You will need to answer a few basic questions.

For starters: How much would you pay to rent and what does it cost if you buy? Isn't it better to just buy a house sinceyou buy one at some point anyway? With rising rentals aren't you better off paying an EMI? How long are you planning to live there? What if you relocate? Are you missing out on yet anotherreal estate boom? What if you realise after buying that the price hasn't gone up much? When it comes to housing decisionyou'll probably hear many opinions from different people.

We realise that you house isn't built with money alone.

While it is a decision close to your heart, Our well-researched tools, blog posts and videos help you navigate this decision.

How's that for some good timely advice?.

Source: Youtube

Is it Better to Rent or Buy a House?

Kris Krohn here with REITV.

And I get asked by a lot of people "Should I actually use a bank and buy my house or should I just rent?".

And today, we're gonna answer that question.

Should you rent or own your own home? You know, it's an excellent question.

Based on the way the banks do the system, I mean, they're gonna make you pay for that house three times over 30 years.

And the idea of paying for the house three times, meaning all that interest is deeply front-loaded,I mean, banks just, well, they take you to the bank! You ever wonder why they hand you a sucker on the way out? No, I'm just kidding now.

If you wanna win against banks, I do thatby getting really, really good deals when I buy a house.

So, the deeper the discountI get that house with, if I buy it, you know, with a 20% discount or a 30% discount, ora 15% discount, then really what I'm doing is I'm leveraging a lot of equity.

These people don't stay in the same house for 30 years! And that means that if for the first five years of a mortgage are just gonna be paying interest anyway, when you sell it, you might as well allow yourself to capture any of that appreciation, as well as that deep discount.

And if you do that, you'regonna keep yourself protected.

In the event that you do hold on to the house long-term, well, you'd be glad that you bought it instead of rented it.

I mean, renting isjust throwing ALL of your money away.

And with the bank, at least you're only throwing some of it away.

So, do I buy, do I rent? Well, it really depends.

I mean, for me, it's all about a financial game plan.

Buying with the right strategywill always get you further ahead than renting.

So for me, it's gonna be buying.

I sure hope you enjoyed today's video as we talked about should you buy, should you rent.

Hopefully you are clear on your answer.

If you'd like to get clear on other real estate answers, then go ahead and Subscribe! In fact, if you really liked the video, give me a thumbs up! If you didn't like the video, give me a thumbs up anyway! It'll MOTIVATE me to produce better videos for YOU.

Source: Youtube