Today’s lighthearted blog is really just a link to connect to another video blog: https://thenationalrealestatepost.com/flipper-using-uber-drivers-to-find-distressed-homes/ The NREP (National Real Estate Post) gives us a few national statistics to ponder on flipping and a novel new idea on how to preserve your market share. First, the percentage real estate transactions that end in sales to flippers…
The big news in the last few years has been that many 20 and 30 somethings have a different priority and value system when it comes to home ownership than their parents had. Low and Behold, home ownership has moved up the Millennial priority list! There is a shift of attitude happening statistically and the…
Some might think me crazy, being a person whose livelihood depends largely on commerce in real estate. But it has to be acknowledged! There is an opportunity cost to being a homeowner. I have been a homeowner since I got out of school and found a seller crazy enough to owner finance my first home…
Long gone are the venerable days when you hired an attorney for $1,000 and he actually visited the courthouse to search title to the property you were buying. The closing industry has become so competitive that most settlement fees are 1/3rd to 1/2 what they were 50 years ago! Attorneys had a monopoly in Virginia…
IF YOU SEE SOMETHING, SAY SOMETHING!!! Your realtor is in a unique position to help identify problems that call for further investigation. Consider the surveyor to be like a good law enforcement officer. Even your closing attorney can’t help unless the realtor alerts him to issues that presented themselves at home inspection, walk-thru, or when…
Yes and No! Dying does relieve you personally from having to ever pay another penny for your Timeshare or another maintenance fee. However, your heirs may not appreciate the fact that your estate remains liable for these sorts of contractual obligations and it may affect the legacy that you leave to the next generation. It…
As 2016 comes to a close and I reflect on the reasons for various real estate transactions going into an adversarial mode, a couple of trends stand out: Real Estate Closings, despite centuries of experience and practice, can be complex monsters. . . and Dodd Frank and all previous attempts at consumer protection consistently…
