Is It Smart To Subdivide A Property?, Real Estate Auction Risks Explained, Surprising New Homeowner Trend

Is It Smart To Subdivide A Property?

Real Estate Tip:

Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win. No one ever got rich paying too much for something.

Real Estate News:

More than one-third (34%) of U.S. homeowners say they'll never sell their home, and another 27% say they wouldn't consider selling for at least 10 years.

How Mortgage Buydowns Differ From ARMs & Discount Points?, Demand This Before You Buy Rental Property, US Existing Home Sales Fall By How Much?

How Mortgage Buydowns Differ From ARMs & Discount Points?

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 News:

US existing home sales fell in 2024 to the lowest level since 1995.

Is The 'Iceberg House' Trend A Good Idea?, Not The Way To Figure How Much Your Home Is Worth, Number Of Homes For Sale Trend Over Last Year

Is The 'Iceberg House' Trend A Good Idea?

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 News:

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.