Check Out What One Family Did With the FHA 203k Renovation Loan
- FHA 203k loans require lower down payments than Traditional
- A lower down payment frees up money for other uses
- Two-Step Strategy – refinancing an FHA 203k loan into a Traditional Conventional mortgage
John and Lauren DeSantis recently finished renovations on their new home and they love it. They found a house that had potential, but needed some TLC. Continue reading
Realtors Should Really Care About Instagram Stories
- Instagram Stories are engaging and interactive
- Streamline specific pictures and video directly to your followers
- Pairing with a Facebook ad lets you target the viewers
- The catch…Stories are live for 24 hours. So make them count!
I know what you’re thinking. “What the heck are Instagram Stories and why should I care?”
Great question. First, I’ll tell you what I know about them, and then I’ll explain why I think Instagram Stories can be a great tool for agents who are listing houses. Continue reading
Get Three Hours of Free Continuing Education
Burgan Real Estate is hosting a FREE continuing education event on Thursday, July 13 from 9 am to noon. Mark your calendars and attend Listings By The Dozen for three hours of FREE continuing education.
Click the image on the right to download the flier. See you there!
To RSVP, contact Patrick Burgan at firstname.lastname@example.org.
How will a ‘retail apocalypse’ affect your property investment?
- Online shopping is forcing retailers to cut jobs
- Retail is one of the nations’ biggest employers
- Closing stores may impact desirable locations
Believe it or not, Nordstrom dropping the Ivanka Trump product line isn’t the biggest headline coming out of the retail industry.
Unless you’ve been living under a rock (or refuse to shop online), you’ve probably seen a shift in the retail industry. There’s be a lot of talk of a retail apocalypse as some of the biggest retailers in our nation close hundreds of stores. Retailers like HHGregg, JC Penney, Macy’s, Sears, Abercrombie & Fitch, and Gap have been closing multiple locations. And while some retailers, like Dillard’s, have embraced a different approach to business, it’s difficult to escape the impact of online shopping.
“So, what’s it to me?” you might be asking.
If you own rental properties, the a retail apocalypse could have an impact. You might not feel it right away, but it’s something to bear in mind. Continue reading
- Trying to save to purchase a home with cash takes much longer
- Mortgages free up cash for repairs and renovations
- There is such a thing as good debt
Financing a Home Purchase with a Mortgage isn’t as Scary as you Think
When first-time homebuyers hear the word “mortgage,” they immediately think about the debt that comes with it. And since smart money says today’s first-time homebuyer is probably carrying substantial debt already (credit cards, student loans, car loan, etc.), adding more to the pile isn’t that appealing.
Naturally, purchasing a home outright with cash, or at least plunking down a huge down payment to avoid as much mortgage debt as possible, can seem like the best choice.
However, there’s a lot more to think about when deciding to purchase a home with cash versus a mortgage loan. And while it would feel really good to own the home outright, there are some long-term detriments to not seeking mortgage financing. Continue reading
Continuing Education Seminar with an Industry Expert on Negotiation
Earn three hours of continuing education credit while learning valuable negotiation techniques from one of the industry’s foremost experts, David Knox. David is the owner and executive director of David Knox Productions, Inc. Continue reading
- Separate what you need from what you want
- Do your homework on what the market wants
- Budget, budget, budget!
Boost Your Home’s Value with a Little Investment
Nice big tax return this year? Lucky you! If you have a nice, strong savings account, you might want to think about putting some of that tax return into your home.
And no. We’re not talking about installing an in-ground swimming pool or adding a new air hockey table in the basement. Investing in your home is about putting money toward what you need, not what you want. Not everybody likes air hockey, but everybody loves a roof that doesn’t leak!
The first step is getting online and checking out some real estate websites to see what’s hot. Nowadays, smart homes are the hot topic. But unless you’re pulling in buckets of money, stick with these tried and true renovations to add value to your home. Continue reading
- Tax refunds could be a substantial influx of cash – use it wisely
- A tax refund could cover your whole down payment
- Funds to close are often overlooked until you have to pay for them
- Deposit the refund and keep it there to build your financial strength
With good planning, a tax refund could cover the whole down payment for a home purchase!
If you’re looking to buy a home at the start of the year, there’s good reason to hang on to your tax refund. This is the time of year when potential homebuyers have the most funds at their disposal, and that extra money comes in handy when making a down payment on a home, financing funds to close, or building financial strength. So don’t go on a spending spree just yet! Continue reading
Cuts could have saved eligible homeowners an average $500 annually
We got some disheartening news toward the end of the business day last Friday. The FHA Mortgage Insurance Premiums (MIP) reduction scheduled to take effect on mortgages with close/disbursement dates on or after January 27 have been “suspended indefinitely” according to the Department of Housing and Urban Development (HUD). The FHA mortgage insurance rate cut would have reduced annual premiums by a quarter (1/4) of a percent, making it easier for realtors to expand access. Continue reading