How Bank REOs Will Be Different Post Pandemic, Bank-Owned Property Pitfalls, How Building Material Supply Chains Have Affected Home Prices

How Bank REOs Will Be Different Post Pandemic

Real Estate Tip:

Make sure any contract you sign to buy a house has an inspection contingency that provides you more than enough time to get a thorough property inspection.

Real Estate Insight:

National Association of Home Builders CEO Jerry Howard attributed the spike in home prices to the 'complete breakdown in the supply chain for building materials.

Which Homes Sell The Fastest?, How To Manage Property Managers, Existing Home Sales Fall For 3rd Straight Month

Which Homes Sell The Fastest?

Real Estate Tip:

If you choose to hire a property management company to manage your real estate, make sure you require the individual or company to sign a written agreement that spells out roles, responsibilities & payment terms.

Real Estate Insight:

Existing homes sales fell 2.7% in April from March--the 3rd straight monthly drop.

The Difference Between Speculating and Investing, How To Accurately Estimate Property Utility Costs Before You Buy, Home Prices Soar Higher

The Difference Between Speculating and Investing

Real Estate Tip:

Before you buy a previously owned property, call the local utility companies to try to get historical gas, electrical and water usage info. This will help you more accurately predict your operating expenses.

Real Estate Insight:

US home prices rose in 182 of 183 metro areas in Q1 2021 from one year earlier amid robust demand and limited housing inventory.