What Renters Insurance Does NOT Cover?, Real Property Market Value, Existing US Homeowners In Suspended Animation

What Renters Insurance Does NOT Cover?

Real Estate Tip:

Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.

Real Estate Insight:

Only 1.4% of homes in the US changed hands this year, which is the lowest level in a decade.

What Does Renter’s Insurance REALLY Cover?, Lease Analysis Before You Buy Rental Property, The Number Of Homes For Sale In NJ Plummets

What Does Renter’s Insurance REALLY Cover?

Real Estate Tip:

Always ask to see any existing leases for any rental property you are considering for purchase. If you buy the property, you will be subject to the terms of those leases. Make sure the leases match the seller’s representations.

Real Estate Insight:

The number of homes on the market in NJ is 36% lower than last year which is continuing to push home prices higher.

Do Condo Associations Need A Property Mgmt Company?, The Reality About The Best Real Estate Deals, National Home Sales Move Down Again

Do Condo Associations Need A Property Mgmt Company?

Real Estate Tip:

Most of the best real estate deals will involve properties that are in need of repair. In order to capitalize on these rehab deals, you or someone you work with will need to know how much time and money are required to renovate these properties.

Real Estate Insight:

US existing home sales fell 3.3% in June from May.