April 2021 Real Estate Roundup
Another month down in 2021 and still no signs of the real estate market cooling off. Home buyers may be starting to step away since many cannot get a break with it comes to buying a home. Investment real estate is also selling in relatively short time. Great for those wanting to sell. This month’s round up covers the usual real estate topics for home buyers, sellers and investors.
Inexpensive Staging Tips
Any little bit of staging can help take a home from looking average to looking better than average. Especially when it comes to selling a home, the home owner wants to make sure the home shines both online and in person. Eileen Anderson provides some excellent tips on how one can use container plants to spruce up a house for sale. A picture is worth a thousand words and a picture that shows a nice home means greater buyer interest and chances of better offers.
When buying any real estate it is important to pay attention to the property lines. In fact if there are any issues with the property boundaries a mortgage lender can ultimately deny a loan to buy that property. In this helpful article by Bill Gassett he explains what one needs to know about property lines when buying or selling real estate. Sometimes the county or local municipality website are good enough to get an idea of the boundaries, other times an official survey may be needed as this article explores.
Fixtures, Finishes & Furniture
When buying or selling a home the topic of fixtures, furniture and finishes can come up when it comes time to consider the offer. Certain things like fixtures are supposed to stay with the home unless they are specifically excluded and both the buyer and the seller are aware of that. Vicki Moore provides some great insight into fixtures, finishes and furniture when selling or buying a home. Confusion about what stays and what goes can lead to disappointment or even worse the need to file a lawsuit in order to settle things that may have not be understood initially.
Apartment Moving Checklist
Moving is never a fun thing to do and in fact can be quite tiring and confusing if not done correctly. From organizing and packing properly to delivering everything in the correct order to the new place there are many steps where things can go wrong. That’s why this article from Alex Capozzolo on Luke Skar’s website providing a checklist for your moveto an apartment is an important one to look at prior to starting the move. Checklists are always helpful when it comes to buying or selling a home and even more so when it comes to moving.
Getting Your Address Changed When Moving
When moving it is also important to make sure your mail gets moved as well. Things like bills, subscriptions, online orders usually are best changed directly at the source so those items don’t get missed. Another important tip is to let the US Postal Service know you are moving so they can forward your mail that does not have the new address yet. In this article by Kevin Vitali he provides some great tips for how to update the Post Office about your new address and what else you should be doing.
Using An Escalation Clause When Buying A Home
An escalation clause can mean the difference between putting an offer that is sort of competitive versus putting in an offer that ends up being the winning bid. Knowing how to properly make an offer with an escalation clause is important as doing it wrong can mean a losing bid or worse overpaying. Sharon Paxson provides five important insights into the escalation clause and provides some detailed tips on how to make sure the clause works for buyers.
What Does NOI Mean When Investing In Real Estate
Net operating income or NOI is a term commonly used when investing in real estate. Basically, NOI is the amount of income a real estate investment will produce after things like taxes and other operating expenses and removed from the gross income stream. NOI is an important number to know since it can tell the investor whether the investment makes financial sense or not as Spark Rental points out. While some investors may not be as concerned with the NOI of an investment property, more should be since buying solely for capital gain may not be the best strategy.
Different Types Of Real Estate Investments
Investing in real estate means more than just buying a piece of land with a building on it and renting it out. In fact there are a number of different ways to invest in real estate as this article by Danny Margagliano explores. The different methods to invest in real estate allows pretty much anyone to invest and not necessarily have to have a large bank account to make that investment. Sometimes people opt to not invest in real estate since they think a lot of money or leverage is needed which is not always the case as explored in the article.
Commercial Real Estate Attorney Podcast
In this real estate podcast about commercial real estate Paul Sian sat down with commercial real estate attorney Bruce Hopkins. During the podcast Paul and Bruce discussed how Bruce got started in commercial real estate and how he works with his commercial real estate clients. Their conversation also covered some of the nuts and bolts of commercial real estate investing and what investors need to know in order to be a successful commercial real estate investor.
What are your predictions for the near future of real estate? Can we continue with these intense sales where many home buyers are all going after the same few properties? Will there be buyer’s remorse down the line that opens up more inventory? Let us know your thoughts below!
The Real Estate Roundup for April 2021 was provided by Greater Cincinnati Area Luxury Realtor Paul Sian of United Real Estate Home Connections. Paul is a licensed real estate agent in the states of Ohio and Kentucky and has over 14 years of experience. Do you have a home you are ready to sell now in Greater Cincinnati or Northern Kentucky? Be sure to contact me now!