29 March 2024 | 0 replies
This blog explores the potential changes and how they might affect your investments.National Landscape: Potential ChangesLawsuits alleged NAR policies stifled competition, inflating realtor fees.The settlement could lead to a more open market with:Discounted commissionsTiered commissions based on property valueFlat feesHourly billingOklahoma City ImpactShort-term: Uncertainty, market fluctuations.Long-term:Increased inventory from lower seller closing costs.Shift towards value-added realtor services like targeted marketing and expert negotiation.Technology-driven platforms may offer lower-cost alternatives.Proactive Strategies for InvestorsStay informed about market trends and commission structures.Build relationships with experienced real estate agents.Negotiate commission rates strategically.Focus on long-term investment goals.Conclusion: Adapting to the Changing LandscapeThe national shift in real estate commissions signals a period of potential change for the Oklahoma City market.
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29 March 2024 | 11 replies
If the borrower intends to use the same asset to satisfy financial reserve requirements, the lender must reduce the value of the asset (the account balance, in most cases) by the proceeds from the secured loan and any related fees to determine whether the borrower has sufficient reserves.
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28 March 2024 | 4 replies
No doubt, after the park owner meets with them, their opinion of value and asking price increases.
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29 March 2024 | 3 replies
Real estate rentals are not really considered "businesses" in some sense because virtually all the value is in the equity of the real estate.
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29 March 2024 | 75 replies
I just locked up 7 more last week, all are under 90k, all have rents from 1100- 1400, all have values from 115k- 125k .
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28 March 2024 | 6 replies
It's also important to understand the amount of committed capital relative to assets under management (basis, not appraised value).
28 March 2024 | 3 replies
I contacted the city of Edmonton and was informed that moving a mobile home is treated the same as building a new home, and all the following applies:Development Permit ApplicationCombined Building, Mechanical PermitBuilding & Mech Safety CodesWiring Electrical PermitUnderground Service Cable PermitElectrical Safety CodesConstruction Water Rates 44¢/$1000 Construction Value Sanitary Sewer Trunk ChargeLot Grading FeeTo my knowledge, unlike a new home, all we would be doing is reconnecting the infrastructure, and considering that no modifications are to be made to the existing plumbing, electrical, sewer or the lot itself, so do all those permits apply?
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28 March 2024 | 13 replies
Pay attention to places that have access to amenities, top-notch schools, and job hubs.Value-Added Opportunities: Look for homes that might benefit from upgrades or renovations to raise the value and rental revenue.
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28 March 2024 | 7 replies
The house's electrical system seems to be functioning properly, but given its age, we're wondering whether it would be beneficial to replace it entirely( I.e update the whole electrical system) My question is this: Would installing a new electrical system increase the value of the house and make it more appealing to potential buyers?
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28 March 2024 | 16 replies
I can access cash value in one of my policies and as little as the next day through a policy loan.