While escrow isn’t necessarily a complicated topic, most of us don’t actually need to have escrow explained until it’s time to close on a home for the first time. There are also parts of the escrow process that may be confusing. For example, are you at the point in your buying journey where you’re ready to begin … Read more
When we talk about homeownership, we often have a specific idea of what that looks like. Pictures of a happy couple with a dog, smiling kids, and a white picket fence come to mind. But that “traditional” view of the American Dream of homeownership via the nuclear family was actually popularized in the 1950s. Throughout … Read more
It’s 2022 and the financial world has become less predictable than ever. While the Covid-19 crisis is mostly over, its economic aftermath lingers on. This includes supply chain issues that are affecting the construction of new homes and inflation. Both issues seemingly have contributed to specific market conditions where home prices have increased by 30% … Read more
To explain the term in a nutshell, a multifamily residence is a type of residential property that is designed with 4 or more units. The definition can be pretty wide at times. Condominiums, apartment complexes, and semi-communal residences usually fall under the category of multifamily residential properties. Multifamily residences tend to be much more common the closer … Read more
Currently, the financial markets are going through a period of great uncertainty. There are plenty of signs regarding a possible recession in the air. This includes 2-year treasury bonds yield surpassing 10-year treasury bonds. This yield curve inversion is considered a major red flag in the financial world. In addition to that, the U.S. GDP decreased by 1.4% in … Read more
According to a US Census Bureau report in 2018, there are over 20 million rental properties with 48.2 million individual units in the USA. The majority of owners of these rental properties are individual investors as opposed to corporations. Many of these real estate investors own one to four properties. Real estate investors purchase rental … Read more
Indiana or “Indian Land” is an amazing state nestled in the heart of the American Mid-West. That may also be the reason its motto is: “The crossroads of America”. As its name suggests, it was Native American territory until Congress passed legislation on May 7th, 1800. Several years later, the territory received statehood. Throughout the … Read more
The real estate market as we know it is changing. The number of cash sales has increased by 16% in 2021 and is now 23% of all real estate deals. Following the Covid-19 epidemic, supply chain issues arose across the globe causing massive delays in many aspects of life including house construction. In addition to that, … Read more
There are a handful of ways to grasp the value of a property. The quickest and simplest way is to hire a property appraiser who will give you a rough estimate of the fair market value of the property. Usually, appraisers have years of experience working with residential homes in their local real estate market. As such, … Read more
A bridge loan also known as a swing loan, fix & flip loan, interim financing, or gap financing- is a type of short-term financing used in real estate transactions to provide flexible cash flow; they often have a speedier application, approval, and financing procedure than standard loans, with a median approval time of 14 days. … Read more