You heard correct. You now have more options for rehabilitation financing. Freddie Mac just launched the CHOICERenovation loan. You can now combine your home and renovation loan together when you choose Freddie Mac during your home purchase. This loan is the perfect loan to purchase that less than perfect home.
Communication is key to capturing the millennial homebuyer. Millennials are not like your buyers from before. Millennials know what they want, and they know how to get it. With a wide network, it is likely they are associated with a real estate agent somehow. A referral isn't enough for millennials. They will do their research to make sure who they are working with is someone they'd like to be associated with. This calls for agents and lenders to be on top of their marketing game and responsive. Don't let lack of communication and dragging of the home buying process let you lose out on this buyer. Capturing a millennial can up your business drastically because of their loyalty to people and products they like and trust, and their network. A millennial will refer you in a heartbeat if you make a memorable impression.
At the Eustis Family of Companies we consider it a privilege to of loans to our veterans that have served protecting our freedoms.
Going green has become a necessity in the real estate industry the passed few years and will only increase. Fortunately, homeowners can do simple improvements to their property that will be cost efficient and generate the highest return on their investment.
Millennials are working hard in their early careers right now and most likely saving up by rooming with friends or family. They are becoming aware that renting on their own is looking more and more less likely of a good idea as rent prices rise.
According to Investopedia, an investment property is “real estate property that has been purchased with the intention of earning a return on the investment, either through rental income, the future resale of the property or both.” In order to successfully make a profit with this type of property, it’s important to thoroughly research the location where you might invest. In fact, there are three features in particular you should look at:
According to a recent survey, in which Americans were asked to pick their priority asset from a list of long-term investments, Americans believe that real estate is the best investment for funds they won’t need within the next 10 years. The survey results showed that real estate was regarded more favorably than cash investments (such as CDs and savings accounts), gold or precious metals and even the stock market.