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Real Estate
Real Estate

How to save enough for a down payment on a house

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Metro ServicePrequalifying for a mortgage can make the home buying process a lot easier, and it also can give first-time buyers an idea of how much they can spend. ■ Metro Service A home is the most costly thing many people will ever buy. The process of buying a home can be both exciting and nerve-wracking. One way to make the process of buying a home go more smoothly is to save enough money to put down a substantial down payment. Saving for a down payment on a home is similar to saving for other items, only on a far grander scale. Many financial planners and real estate professionals recommend prospective (more…)
Real Estate

Rental rate increases slowing, but still headed upward

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Rent growth over last two years far exceeds growth in salaries ApartmentList.comThis graph tracks the real estate rental rates in Hemet between 2015 and 2018. ■ By Chris Salviati / Contributed In a new report, rent growth rates from 2015 to 2018 in Hemet have increased, but the rate of increase has slowed recently. When searching for a new place to call home, it’s important to know what’s happening with rent prices in your city. Year-over-year rent growth in Hemet currently stands at 3.6 percent, down from 8.2 percent in 2017. For comparison, Hemet experienced year-over-year growth of 7.5 percent in 2016 and 5.1 percent in 2015. Nationally, year-over-year rent growth (more…)
Real Estate

Tips for first-time real estate investors

<strong>Tips for first-time real estate investors</strong>
Investing in real estate is vastly different from investing in a home for oneself Photo by Metro ServiceSuch figures may seem too good to ignore for many prospective real estate investors. But investing in real estate can be risky, and it’s important that first-time investors consider a host of factors before deciding to delve into the real estate market. ■ Metro Service Real estate can be a good investment that helps build wealth and secure a financial future. According to Investopedia, average 20-year returns in commercial real estate hover around 9.5 percent, while residential and diversified real estate average returns of 10.6 percent. Such figures may seem too good to ignore (more…)
Real Estate

Create a good first impression when selling your home

<strong>Create a good first impression when selling your home</strong>
Photo by Metro ServiceKeep areas like the kitchen clutter free and decorate the interior of your home with a common theme. ■ Metro Service The sentiment “don’t judge a book by its cover” is common knowledge, but isn’t always heeded. Sometimes first impressions do matter. When it comes to selling their homes, homeowners should remember this adage as they prepare their homes for prospective buyers. Homeowners who want to make their properties stand out can take the following steps: De-personalize the home Homeowners fill their spaces with family photos, heirlooms, personal interests, and other conversation pieces. Prospective buyers may not be able to see past personal belongings and may even be (more…)
Real Estate

When that dream job forces you to relocate

<strong>When that dream job forces you to relocate</strong>
Photo by Metro ServiceWhile working professionals with no children may find it easier to move than men and women with families, it’s fair to say that anyone who is moving in the near future has some significant work ahead. ■ Metro Service Moving can be a considerable undertaking. While working professionals who are single or married with no children may find it easier to move than men and women with families, it’s fair to say that anyone who is moving in the near future has some significant work ahead of them. In its Job Relocation Survey, the moving company Allied Van Lines found that people move for a variety of reasons. (more…)
Real Estate

Five tips to make moving easier

<strong>Five tips to make moving easier</strong>
Photo by Metro ServiceIt can help to put some belongings into a storage center prior to moving and then gradually take items from the storage unit to your new home. ■ Metro Service It should come as no surprise that spring kicks off one of the busiest times of year in the housing market. Warm weather makes it more comfortable to see and display homes, leading to more listings and open houses. According to the U.S. Census Bureau, the average person in the United States changes residences more than 11 times in his or her lifetime. With each move, the process of moving may become more familiar. But even the most (more…)
Real Estate

How much home can you afford this spring? Factors to consider

<strong>How much home can you afford this spring? Factors to consider</strong>
(c) Pavel Losevsky/stock.Adobe.comA full rundown on all things home-buying, including free tools and resources, is available at myhome.freddiemac.com. ■ Statepoint The chicken or the egg? Which came first continues to fuel philosophical debates. But when it comes to buying a home, experts are pretty clear about the proper order of things—agreeing you should fit your mortgage to your finances, not to a house. “Before you even start your search for a home this spring, it’s crucial to know how much you can afford to pay each month,” says Freddie Mac Senior Vice President, Christina Boyle, who stresses that there are a few important things to keep in mind as you calculate (more…)
Real Estate

6 money tips for buying a home

<strong>6 money tips for buying a home</strong>
(c) Andrey Popov/stock.Adobe.comThe key is demonstrating your ability to repay the loan. ■ Statepoint When searching for a new home, you may come across some conflicting information, especially about home financing or mortgage loans. Consider these six money tips to help you navigate the process. • Know your credit profile: Your credit score may impact the interest rate or the amount of money you can borrow. Once a year, you may obtain a free copy of your credit report from each of the three credit bureaus at annualcreditreport.com, the official site for free annual reports. Having great credit is certainly helpful, but not required. Homebuyer education and home loan financing programs (more…)
Real Estate

Make moving much easier

<strong>Make moving much easier</strong>
Metro ServiceThose on the cusp of moving and nervous about packing up and leaving can employ a few tricks to make moving much easier. ■ Metro Service It should come as no surprise that spring kicks off one of the busiest times of year in the housing market. Warm weather makes it more comfortable to see and display homes, leading to more listings and open houses. According to the U.S. Census Bureau, the average person in the United States changes residences more than 11 times in his or her lifetime. With each move, the process of moving may become more familiar. But even the most practiced nomad can find moving to (more…)
Real Estate

Interest rates are rising: Should you buy a home or wait?

<strong>Interest rates are rising: Should you buy a home or wait?</strong>
(c) Yury Zap/stock.Adobe.comIf rates jump a half percentage, you’ll pay a bit more each month, which isn’t ideal, but the added expense will unlikely be a deal-breaker. ■ StatePoint With heightened talk of rising interest rates, many prospective homebuyers are understandably concerned about whether it’s the right time to purchase a home. Indeed, you may be wondering if you waited too long and let the historically low interest rates pass you by or if you can still find a dream home that fits within your current budget. Experts say that it’s true that rates are at their highest in almost four years and that this year has been particularly rough, however, (more…)