This is the #threadcast for anyone interested in or is passionate about real estate; from first-time homebuyers to seasoned investors. Let's come together to
- Share insights and learn more about the industry.
- Ask questions and discuss the latest trends in the market.
- Share post pics, articles, quotes, news, videos, and anything else related to Real Estate.
Let's go!!!! #realestate #dailydook
Should a woman pay half the rent?
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Should...I would say no from a standpoint that should never be the goal. With that said, that is a stage for many happy, long-lasting couples where the woman helps the man build the kingdom then she gets to kick her feet up
Tenant refuses to pay rent or move out, what do I do?
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There is a lot of this going on in atlanta
Based on new data from the Las Vegas Realtors, local home prices inching closer to record territory in July, with more homes available for sale. LVR reported that the median price of existing single-family homes sold in Southern Nevada in July 2024 was $480,000.
That's up 6.7% from $450,000 in July of 2023. Local home prices are approaching the all-time record of $482,000 set in May of 2022.
The median price of local condos and townhomes sold in July was $296,000, up 8.2% from $273,500 in July 2023. That tops the all-time high of $295,000 set in May and tied in June.
Greater Las Vegas Area Home Sales, Prices Rise in July
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Based on new data by the National Association of Realtors, pending U.S. home sales in June 2024 ascended 4.8%. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased.
The Pending Home Sales Index (PHSI) - a forward-looking indicator of home sales based on contract signings - grew to 74.3 in June. Year over year, pending transactions were down 2.6%. An index of 100 is equal to the level of contract activity in 2001.
U.S. Pending Home Sales Rise 5 Percent in June, First Time in 3 Months
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Real Estate Investment Tips For Nigerians
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Real Estate business is a lucrative venture. It is a huge industry in Nigeria. The real estate industry in Nigeria is still growing and spreading across all cities across the country. Many young people in Nigeria and Africa have seen the immense opportunities in the real estate sector and a few of them have positioned to benefit from it and build wealth.
In this video, we will cover how to become a profitable realtor in Nigeria. The steps you need to take and how to achieve good results. This video will teach you how to start a Real Estate business in Nigeria with zero capital.
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How a 32 year old Nigerian Built a Successful Real Estate Empire in Nigeria is another episode of my promoting Africa series where I feature black entrepreneurs all across Africa who have built successful businesses and they tell us how they did it.
Today's episode is Mr Olawale Ayilara who is a Nigerian entrepreneur who has built a successful Real Estate Development Business in Nigeria from all from nothing. He has also built one of the biggest real estate Smart homes Developments in Lagos, Nigeria. He tells us about how he was able to build his business in Lagos and some of the challenges he has faced on his entrepreneurial journey.
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How PWAN Group Is Changing The Narrative Of Nigeria's Real Estate Sector
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This is a complete video tutorial on how to sell more real estate properties as a realtor and become a top real estate agent in Nigeria. Whether you are a realtor in Lagos, Abuja, Asaba, Port-Harcourt, etc, this video will guide you on the characteristics you must possess if you desire to become a successful realtor in the real estate business in Nigeria.
Real Estate business is lucrative. Becoming a successful realtor is a lovely feeling if you make sales consistently and enjoy great commissions. As a realtor in Nigeria, this video will open your eyes to the factors that guarantees success in real estate marketing.
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Refinancing is why I'm telling you to buy now because as interest rates drop prices are going to go up. So let me tell you what refinancing is so you can get the best deal now and save later!
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The first question many beginners have about how to start an Airbnb business is how to pay for their first property. The good news is, you don’t need to be rich to invest in real estate. Eva was still in college when she used her student loans to buy her first home. She’ll share how to Airbnb your house based on her experience. You’ll also learn about Airbnb arbitrage and other strategies to get started with little money.
Being an Airbnb host doesn’t need to take up a lot of time, either. Both Sid and Eva work full-time jobs in addition to running their properties. They’ll share the tools they use to run the business efficiently and how they’ve built a team to cut their time commitment down to just a few hours a week.
Nicasa’s consistent bookings are what drive their high revenue and 30% profit
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Why I Don’t Own A House as a Multi-Millionaire…
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The Truth About Real Estate in Nigeria | Journey into Real Estate Business | LLB with Akeem Shittu
Lagos Real Estate Developer, Akeem Shittu tells the amazing story of how he struck gold in the business, and gives advice against pitfalls to those seeking to buy or invest in their homes and other properties.
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There has been a dramatic transformation in the housing market over the last few years, particularly regarding mortgage rates. In 2020 and 2021, prospective homebuyers enjoyed historically low interest rates, with rates on mortgage loans hovering around 3%. This favorable environment made homeownership more accessible and affordable for many Americans.
However, as inflation ticked up, the landscape changed rapidly. With the Federal Reserve implementing aggressive measures to combat inflation, rates across all borrowing types increased quickly. In turn, mortgage rates soared, even surpassing 8% in late 2023, which significantly increased the cost of homeownership.
Does an ARM loan make sense with mortgage rates cooling?
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Mortgage rates have been high over the last few years, but it appears that may be changing. With inflation cooling, mortgage rates finally dropped in August to 6.47%, the lowest rate across the prior 15 months.
Although these anticipated interest rate cuts offer prospective buyers hope, there's no guarantee of how low rates will drop and for how long. The current average rate for a 15-year fixed rate mortgage loan is 5.92% while the 30-year fixed rate mortgage stands at 6.53%, and any drop to these rates would make homebuying more affordable.
How low could mortgage rates drop this September?
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3 mortgage mistakes to avoid before interest rates drop
A cooling rate climate means homebuyers will need to change their approach. Specifically, they'll want to avoid the following three mistakes:
3 mortgage mistakes to avoid before interest rates drop
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Here's when mortgage interest rates could fall below 6%
Projections on how much the Federal Reserve will cut interest rates — and when they will do it — vary from economist to economist. What most seem to agree on, however, is that a cut is imminent for the Fed's next meeting, set to conclude on September 18. The CME FedWatch tool has it pegged at 100% certainty.
While the Fed doesn't directly dictate what lenders offer borrowers, it does influence them. So if a 25 basis points cut is issued then, mortgage rates could, in theory, drop to 6.32% from today's 6.57%.
Here's when mortgage interest rates could fall below 6%
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How much would a $75,000 HELOC cost per month?
The average HELOC interest rate stands at 9.37% (as of August 21, 2024). While that rate is higher than it was just a few years ago, it's still significantly lower than the average credit card rate (which is approaching 23%) and the average personal loan rate (currently hovering above 12%). So, for homeowners with $75,000 in available equity, a HELOC presents one of the most cost-effective borrowing solutions in the current market..
How much would a $75,000 HELOC cost per month?
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Why you should check mortgage interest rates daily
While it may seem excessive to check mortgage interest rates on a daily basis, it can potentially result in significant savings for borrowers, both now and over the life of their mortgage loan. Here are three reasons why you should monitor mortgage interest rates each day:
Why you should check mortgage interest rates daily
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What homebuyers should (and shouldn't) do as they wait for mortgage interest rates to drop
While every buyer's financial situation differs, many would benefit from taking a nuanced approach now. Here's what they should (and shouldn't) do:
What homebuyers should (and shouldn't) do as they wait for mortgage interest rates to drop
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Should you lock in a mortgage interest rate this September?
While every buyer's situation is unique, there are a few compelling reasons why locking in a mortgage rate this September could be a prudent move:
Should you lock in a mortgage interest rate this September?
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5 ways to prepare for mortgage interest rate cuts now
Mortgage interest rates are down, on average, more than a full percentage point from where they were at the end of 2023. But they're expected to fall further soon, especially if the Fed issues a series of interest rate cuts starting with their next meeting on September 17. Ahead of this action, then, here are five effective ways borrowers can begin preparing for cuts now.
5 ways to prepare for mortgage interest rate cuts now
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Why you should buy a home this September
Not sure if now is finally the right time to buy a home? Here are four reasons why it may be:
Why you should buy a home this September
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What are the cons and pros to ARM adjustable mortgage rates?
I was offered a adjustable rate and teacher incentive to be 6.3 instead of the 7.3 for 7year. We plan to refinance when possible before the 7years. Why are arms frowned upon? Can someone explain to me the “principle” difference and what the catch is? Wouldnt it make sense to do the adjustable rate knowing we will refinance ?
What are the cons and pros to ARM adjustable mortgage rates?
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Home insurance turning homeownership into 'American Nightmare'
Prospective homebuyers are cheering on declining mortgage rates — the rate on a 30-year fixed has fallen in the last week to the lowest reading since 2023. However, the lingering issue of home insurance is casting a dark cloud over the housing market for excited buyers.
Home insurance turning homeownership into 'American Nightmare'
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How often is this happening to people when they contact seller's agents?
I contacted the seller's agent to view a home. They sent me an invite at the time I requested along with a contract that they required me to sign. It guaranteed them 3% if I were to purchase this home.
Attached is my response to their contract and their response back to me. Also, here are two screenshots from the NAR settlement website. It would seem that his response to me contradicts the NAR website. Am I misinterpreting this? We have viewed many homes since the settlement and this is our first resistance.
How often is this happening to people when they contact seller's agents?
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I kicked the tires on buying a house a couple years ago but ultimately didn't do it. The primary reason was I was tied to a specific area due to my job and I knew I didn't want to be there long term. I had an agent but ultimately just didn't really find it to be that useful. I don't see much reason to use a buyers agent besides that's just what you're supposed to do'.
However, when I sometimes tried to call listings I liked the seller's agent would ask me if I had an agent quite often, almost expressing that they weren't interest in talking to me if I didn't.
I'm now fully remote so I'm looking to buy in the area I always wanted
I understand the buying process fully, I'll have my pre-approval sorted out, and everything in place for down payment, closing costs, etc.
For people who bought without an agent, did you run into these issues?
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I've had a tenant for 7 years, they have never been late on a payment (including during Covid bs), they have maintained the property well.
I don't feel like raising the rent as I value good tenants.
Do you NOT raise rent when you have reliable tenants?
How do you decide if and when to raise?
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Hello, my (16f) parents have been trying to sell our 4 bedroom 3 bathroom recently updated house sense march of this year.
We have switched realtors twice. On this more recent listing, We have lowered the price a fair amount but it is still not getting any attention.
Unfortunately, my parents are stubborn dumbasses and won’t listen to reality that we may need to lower the price more or switch something up.
They keep insisting that everything will be fine and it will surely sell after the interests rates change, but with our home having 709 views and only 25 saves in 46 days…that seems stupidly unrealistic.
I’ll also mention that the house is in Raleigh north carliona..if that helps paint a more specific solution
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So the house I was looking at agree to my offer. It’s a 370000 house. 20 percent is around 74k. I have around 160k. With a bigger down payment my monthly payment will be lower. With a lower down payment then it will be a lower risk. Should I put down a bigger payment or stick to 20 percent?
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I moved from Phoenix, AZ to Fort Worth, TX in August of 2019. Had my house in AZ on the market and when it went under contract I signed a contract to have a home built in Fort Worth.
Thankfully I got a 2.75 interest rate, and the house is by new grade school and a booking area of Fort Worth.
The home was completed in April of 2020 and within a year I saw the same model in our neighborhood being built for almost 200k more.
At this stage I realized I may have a good investment on my hands here. My wife and I have talked about not moving until the insane interest rates come down and we down size.
How many of you who bought during this time frame are thinking in the future the pay off will be big when selling it?
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I recently pulled my under the counter dishwasher out to see if I could repair it. It was difficult to remove because a previous owner installed tiles so there was an awkward rise of about 1/4" to lift it over. Anyway, I pulled the dishwasher out and there is terrazzo underneath it.
This house was built in the early 70s in Florida, so there is a strong possibility that all 1000 sq.ft. is poured insitu terrazzo flooring. (The kitchen is in the back of the house and the closet is by the front door.)
If listing the house for sale, does the underlying terrazzo floors add value? I see pricing for a poured terrazzo floors can cost $20 - $80/sq.ft. which would mean my floor could be worth $20,000 to $80,000 dollars alone!
I realize it would cost several thousand dollars to remove the tile and restore the original flooring.
Just curious if the existence could add a premium to the sale price.
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Home prices and interest rates not favorable for an average first time home buyer. Ideally you would want 30% or less of your monthly income to go towards the mortgage, insurance, taxes etc.
There’s no way someone making 100k can afford a house with the minimum down 3.5-5%) on the west coast or HCOL area. Is the only way to purchase a house responsibly save enough to put down to bring your monthly payment into that 30% range?
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Real Estate Vocabulary
#realestate #realestatevocabulary #realestateonleo
Aww. This is really cool. Knowing what those words mean go a long way. Thanks for contributing, sir ❤️
!DOOK
As the apartment/property manager, should you rent out one of the units (AirB&B) without the building owner knowing?
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For anyone who has ever lived in flats or apartments, what would you encourage to be done differently on any future properties being built going forward?
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How can you remove your freeloader boyfriend’s name from the deed on the house?
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In real estates, which is best, rent or sell houses?
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Do you like the style of houses called barndominiums?
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How do we get more clients in a real estate business?
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Do building management companies try to get away with keeping outgoing tenants' security deposits? How come when you move in they want the security deposit ASAP? But when you move out, why it takes so long to get it back?
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Why do residents of foreclosure wait until they get evicted to move? What is needed to help individuals be more proactive?
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Why are there pry indents on my house door frame on the hinge side?
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If I buy a piece of land and build a house on it, do I have to pay taxes on that house?
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What would you do if you found out after 10 (ten) years of rent the house you've been paying for belongs to your partner?
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What if you have paper saying that you are being evicted but then three months later, no one has came to padlock the house and you still paying the mortgage? What can be done about that?
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Should a 53 year-old single mother pay off her house or focus on buying a rental property?
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What are the best strategies for first-time homebuyers?
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Real estate, stocks, Crypto and ETFs. Which will you be willing to see some of your profits from?
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