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If you allow the seller to stay in a property you are buying after the closing, make sure you have an airtight occupancy agreement that clearly spells out the dates of occupancy and the consequences of failure to abide by those dates.
Apartment rents have stopped rising--rent prices are unchanged from 3 months ago.
Get at least 3 different contractor estimates on any real estate renovation projects you are considering taking on. Make sure each estimate is for exactly the exact same scope of work so you can make an apples to apples comparison between estimates.
The number of homes being offered for sale continues to rise in NJ, increasing by 5,800 homes since the beginning of the year.
When you estimate holding costs for a property rehab, consider estimated renovation time as well as the time required to sell the property--longer renovation time will result in higher overall costs.
Over the past six years, the cost of nearly every major building material — from lumber and steel to concrete and drywall — has risen sharply. Some prices spiked during the pandemic and eased, while others have climbed steadily with no sign of slowing.
