Tag: real estate investors
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Is a Cash Real Estate Buyer Trying to Rip You Off?
Making a cash sale is about working with someone who’s ready to buy your home without needing a mortgage to do it. Without a financing contingency, a cash sale is a simple, reliable, quick process. Or is it? Sad but true: Scammers, posing as would-be cash buyers, are out there. All-cash home sale scammers want…
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Look Who’s Back in the Real Estate Market: Investment Firms Sense Opportunity
Home prices? They’re high. Mortgage rates? Not exactly low. Current deed holders with lower mortgage rates still don’t want to move if they can help it. And hopeful buyers keep renting, biding their time. Investors are “seizing the opening and ramping up” their activity, according to the financial data analytics firm Cotality. Market watchers such…
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“From the Have-Nots to the Haves”: Skewed Taxation Is Moving Deeds from Homeowners to Investors
As our readers know, property tax is an under-the-radar cost of acquiring a deed. Property taxes are up 27% from pre-pandemic days, according to CoreLogic figures. The communities struggling the most appear to be paying the most, a recent ABC television investigation found. An ABC News report shows how “homeowners in minority communities often face…
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Who Wins With Rate Cuts? First-Time Home Buyers, or Wall Street Investors?
Hopeful home buyers have waited for the Feds to cut interest rates forever. Well, it feels like forever. In September 2024, Federal Reserve Chair Jerome Powell finally did it. It was the first time the Federal Reserve lowered banks’ interest rates since the stimulus days of 2020. Anticipating a better economy, mortgage rates are starting…
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Home-Flipping Update: California Passes Major Disclosure Law
California just changed the home-flipping game. Fixer-upper home buyers who turn around and sell the homes must follow the new Flipper Disclosure Law, formally known as Assembly Bill 968. What’s California so concerned about? Home flippers are, of course, profit-driven. Sometimes, a flip is done quickly, with cosmetic touchups that gloss over the deeper work…
