HOME INSPECTIONS: DO YOU REALLY NEED THEM?
Wednesday, May 20
A home inspection is an integral part of the home-buying process that many investors fail to consider. Some may think that this is unnecessary, because sellers often provide the inspection report when discussing the deal. However, you should never solely rely on the seller’s comments. If you pla...
HOW TO KEEP A TENANT LONG-TERM
Monday, May 18
As a landlord, you know that vacancies will hit you hard financially. Not only are you going to shell out money to maintain the property, tenant screening will add to the cost as well. An empty house means lost revenue. It’s one of the reasons why having a long-term tenant is the goal, as it pr...
A GUIDE ON CONDUCTING A COMPARATIVE MARKET ANALYSIS FOR SELLERS
Thursday, May 14
You may know that coming up with a selling price for your home is more than just sticking the price you want on the house. An overpriced home can sit on the market for a very long time, creating more maintenance issues, developing blight and ultimately becoming a stale listing. This can lower t...
DO I NEED TO GET PRE-APPROVED BEFORE I BUY A PROPERTY?
Wednesday, May 13
Coming up with the funds to finance a home purchase may be quite difficult for first-time buyers. Instead of going straight to an open house, we sometimes go on a trip to the lender’s office for a loan. Every homebuyer should understand that there are two steps involved in a loan which is gettin...
A GUIDE TO LANDLORD INSURANCE POLICIES
Monday, May 11
If you are planning to, or already have a rental property, brace yourself for a number of responsibilities that come with it. Choosing a tried and tested property management company, like ProWay Property Management, can assist you in making sure you have the right insurance coverage. To be clear...
TYPES OF LISTING AGREEMENTS SELLERS SHOULD BE AWARE OF
Monday, May 04
When you’re about to sell your home, you should be aware that there are different types of listing agreements you can use. Regardless of what type it is, each listing agreement outlines the payment terms, commission fees and authorization to market the property. Review the different agreements...