Will Late Rent Payments Hurt Your Credit?, Contractor Strategy You Need Before You Buy A Property That Needs Renovations, Incentive-Based NJ Zoning Reform

Will Late Rent Payments Hurt Your Credit?

Real Estate Tip:

Confirm your contractor's availability to work before you commit to buying a property that needs extensive renovations and make sure you have backup contractors that can fill in if things don't work with the contractor(s) you hire.

Real Estate News:

NJ state lawmakers are hoping to create new housing in New Jersey with an incentive-based approach, unveiling a bill that would boost aid to municipalities that update their zoning to allow for higher-density residential development.

Biggest Renovation Mistake Landlords Make, Important Rehab Cost Estimation Principle, Redfin & Compass To Fire Many Employees

Biggest Renovation Mistake Landlords Make

Real Estate Tip:

When you estimate holding costs for a property rehab, consider estimated renovation time as well as the time required to sell the property.

Real Estate Insight:

Redfin and Compass announced layoffs--8% and 10% respectively.

Why There's No Such Thing As A Seller's Market, The Perils Of Overpricing, Building Materials Price Changes

Why There's No Such Thing As A Seller's Market

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate Insight:

Building materials prices have declined just twice since December 2019 and have increased 19.4% over the past 12 months.