In the dynamic world of real estate, change is not only inevitable, but necessary. The recent $418 million settlement by the National Association of Realtors (NAR) marks a profound shift in how we do business, heralding an era of greater transparency and consumer empowerment. As of August 17th, 2024, new rules will take effect that […]
The #1 question I’m being asked lately: “What do you think of the upcoming NAR (National Association of Realtors) Settlement?” In one word? Fantastic. Now, I know that might shock a lot of my fellow realtors and brokers. They’re worried about disruption, potential income reduction, and the general upheaval this settlement might cause. But here’s […]
The National Association of Realtors (NAR) recently settled multiple lawsuits with home sellers, agreeing to pay out $418 million and implement significant rule changes for Multiple Listing Services (MLS) and real estate agent practices. These changes, effective in August, have sparked a range of reactions—from panic to indifference. Major headlines, such as CNN’s “The 6% […]
As the housing market continues to tighten, with rising prices and bidding wars, many buyers are looking at lower-priced homes that require some updates. This makes sense. With most buyers seeking move-in ready homes in excellent condition, buyers willing to do some updates can get some great discounts on their home purchases. But then comes […]
House hacking is a great way to start investing in real estate by buying a multifamily and staying in one unit while renting the others. And here is some great news! Fannie Mae just released amazingly aggressive new guidelines for primary residences. Fannie Mae has reduced the down payment requirements on 2-unit properties from a […]
Real estate investing is a very profitable game. But, for most strategies, it is a long game. Therefore, small incremental increases can add up to big returns. Here are 13 easy ways to increase your return on investment. First Impressions Enhance curb appeal with simple aesthetic improvements to make a positive initial impression. Most people make up their mind […]
Mortgage rates were back on the rise this week. For the average home buyer, the rate jump translates to an average monthly payment of $2,126, an increase of more than $280. With these rate increases, more and more buyers are looking into ARM’s (Adjustable-Rate Mortgages) to purchase their homes. Should You Consider an ARM? What […]
According to NAR’s 2023 Home Buyers and Sellers Generational Trends study, first-timehomebuyers make up about 25% of buyers. Here are the features younger buyers are seeking: 1) Safety and Security Safety is a top priority for first-time buyers. They look for homes located in low-crime areasand with secure features such as a well-lit neighborhood, secure doors and […]
Renovating your home opens up all manner of possibilities, but it does take time and effort.Here’s everything homeowners should know about starting a renovation project, courtesy of TheAlfriend Group. Choose Upgrades CarefullyMost homeowners have big dreams for their properties, but it’s unlikely you’ll be able to makeevery improvement on your list. Consider the options and […]
Handling a multi-state living arrangement comes with some unique challenges, especially for pet owners who want to enjoy both homes with their animal companions. As one example, you might look to own Ohio real estate with the help of The Alfriend Group as well as a vacation home in Florida. This gives you the opportunity […]
