One of the hard responsibilities you have when opening your property up for rent is that not all the tenants you’ll be dealing with will be agreeable. From young ones who may not be the quietest tenants to financially struggling adults and families that’ll be behind on rent for a month or two – the [...]
With great power comes great responsibility. This is a quote we’ve all heard by now, and surprisingly, a quote that is applicable to most situations in life – including the economic decision of renting out your home. Renting out your home allows a flexible means of income, yes, if you immerse yourself completely in being [...]
The volatile real estate market comes with a lot of complications, and the same applies to real estate transactions as well. If you’re a seller trying to sell your home, refusing an offer on a home you are trying to sell can be a bittersweet feeling. On the one hand, you might have been [...]
Taxes, when explained to the common man, is usually packaged as the price we pay to be able to co-exist in a society. Taxes are government-collected fees for different products and services consumed by the people that help the government run the country – subsidize the development of all government sectors be it education, agriculture, [...]
Like most of our major transactions such as buying a car, receiving payment for services, and the like, purchasing a house or any piece of real estate comes with a contract that serves as a memorandum of agreement between the home buyer and the real estate company or the bank. Typically called a Purchase and [...]
With the rising prices of properties and other assets in the country, it is almost impossible to acquire a property for yourself without any outsourced assistance with funding. At the rate of inflation between the 1900s up to now, purchasing a property that usually takes a blue-collar worker 5-10 years worth of saving will now [...]
Your credit score plays a big role in your home ownership goal, especially if you do not have the funds to pay for a home in cash. Realistically speaking, only the top 10% of society can financially achieve this. And if you can’t afford to pay in cash, this is where mortgages come in. Applying [...]
With inflation at an all-time high, compared to how it was 3 decades ago and several other factors such as political and cultural atmospheres, it cannot be denied that one of the three basic human needs - shelter - is becoming harder and harder to acquire. If you ask your parents or grandparents, most likely [...]
Buying a house can be an overwhelming experience, especially for first-time homebuyers. One of the important things within the process is escrow. However, not all homebuyers understand the concept of escrow, but most have just accepted it as part of their real estate transaction. An escrow is basically a legal arrangement wherein a third party [...]
Thinking about investing? Most people immediately jump to and think about stocks or bonds—and for good reason. Investing in stocks or bonds is a great investment, but there are other ways to invest, including real estate. Although it seems like a very complex transaction, Investing in real estate can be one of the most lucrative [...]
