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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.
US existing home sales fell in 2024 to the lowest level since 1995.
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.
The number of homes being offered for sale has increased by 17% over the past year with homes priced between $400,000-$599,999 seeing the highest increase.
Before you make a written offer to buy a property to rehab, make sure you accurately estimate real estate repair cost (for both labor and materials)---be conservative with your estimates and make a detailed list that you can show to potential lenders, investors and joint venture partners.
Pending home sales in the US grew for the fourth straight month in November to return to the highest level since early 2023.
