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2 August 2024 | 10 replies
Or if it was offered in the competition because that might be a deal breaker for some people if it's not there.
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1 August 2024 | 7 replies
Also, our proximity to D.C. is causing double-digit appreciation, and still a very competitive market.
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2 August 2024 | 18 replies
From my experience, multifamily rentals often attract tenants who submit maintenance requests for minor issues since they usually lack the tools or experience for basic repairs.
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31 July 2024 | 11 replies
At 4.5 stars, you are really hurting in a very competitive market so you might consider redoing the pics, more themed kids bedrooms and start over.
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1 August 2024 | 4 replies
I see buyers getting surprised by this often when buying older buildings.The more time you give an agent to quote the better the chances of getting a competitive rate - a lot of buyers start calling agents when they are going to close and want it NOW NOW NOW> you will pay more this way.Give the insurance agent a week or two to shop the rate and get the agent accurate documentation proving the age of updates to the roof, electrical, plumbing, hvac, etc and good photos of the property to allow them to sell the property to underwriting.A lot of people don't realize two sales are made for an insurance policy - one to underwriting and one to the person buying the policy.
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1 August 2024 | 0 replies
One key lesson from the Grapevine Dr deal was the importance of swift decision-making in a competitive market.
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31 July 2024 | 7 replies
The investor may have access to lower rate/fees Hard Money; to be a more competitive buyer with little to no contingencies; property may be need to be rehabbed and after adding value may be doing a cash out refinance down the road.
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2 August 2024 | 53 replies
I agree (mostly) except something tells me that come spring we will see a change in the RE market......more 'back to normal' for lack of a better term.With the interest rates likely IMO to drop (Due to the upcoming election and the current Prez putting pressure on the Fed) combined with the built-up pressure from the market being stagnant in '23, there has to be a release of sorts.
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31 July 2024 | 13 replies
I’m all for working with someone and meeting them where they to a degree, but something we’ve encountered is just simple lack of communication.
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2 August 2024 | 7 replies
I told him to talk to me before signing with an agent as I know it will cost him 5-6% additional which would reflect on a price increase plus I have to deal with competition.