Residential properties that include guest houses are generally uncommon, but can offer a variety of benefits when it comes to selling the property. The major advantage of a guest house is that it may increase property value. It’s an added bonus that could be well appreciated by enterprising potential buyers who may see the property as a way to make money. This could be realized as an Airbnb plan or long-term rental. In particular, if the property is located near a vacation spot such as a beach, mountains or tourist …

One of the most challenging sectors in real estate is also one of the toughest businesses there is: restaurants. Since the end of the Great Recession, the U.S. restaurant real estate market has experienced great activity. However, according to QSR, the transactions are starting to taper off. One of the key indicators: vacancy rates. Although the current national vacancy rate is low, they’re expected to rise a bit, to 12.1 percent as of the beginning of 2019, according to Statista data. Locations that were hit hard when it comes to …

A short sale happens when a homeowner agrees to sell their property for less than the amount owed on a mortgage loan. This sale cannot happen without the lender’s approval. The usual result is that the seller will continue to owe money to the lender after the sale. However, it’s also considered a viable alternative to foreclosure, with the seller’s credit remaining intact. Usually, a short sale comes into consideration when the seller falls behind in their mortgage payments, often by several months. Rather than let the situation continue to …

As of April 2019, mortgage rates seem to have stabilized, just in time for the spring homebuying season. The 30-year fixed mortgage rate decreased (slightly) to 4.28 percent, according to Bankrate’s weekly survey of large lenders. That’s down from 4.29 percent. Let your homebuyers and refinancers know that these rates are arriving at a 15-month low.  A year ago at the same time, the mortgage rate was 4.49 percent. Most prevalent: zero-down loans and new underwater refinance options that have been unveiled by Fannie Mae and Freddie Mac, according to …

Existing (as opposed to new) home sales fell 1.2 percent as of January 2019, according to the National Association of Realtors® (NAR). That works out to a seasonally adjusted rate of 4.94 million units. Specifically, existing homes sales are a monthly measure of sales volume and prices of homes considered single-family, condos, and co-ops nationwide. Unlike new homes, existing homes are owned and occupied before being listed on the market. These type of homes make up more than 90 percent of total home sales. The data reported represents completed transactions. …

Representing investor clients is a very different ballgame than dealing with conventional buyers and sellers. But while seasoned investors generally don’t need much guidance when it comes to the basics of turning a home into a rental property, homeowners who are looking to convert their house into a business often need a lot of help. Here are some things they need to know. Is it legal? Depending on where you’re located, turning an owner-occupied home into a rental property may not be legal. Restrictions are even more likely if they …

The number of store closings is expected to grow year-over-year, according to a new report from Coresight. However, the report states that the competition of digital sales is not entirely to blame — part of the problem could be poorly run brick-and-mortar locations. According to Coresight, store closures (5,524) actually declined in 2018. In 2017, the store closure total was 8,139. In 2019 so far, 2,187 have already closed. That’s an increase of 23 percent compared to 2018. After this report was published, Payless ShoeSource reported a plan to close …

When you live solely on commissions, cash flow and timing are vital. Most real estate agents learn the hard way that commission payments don’t always sync up with billing cycles — including quarterly tax payment requirements. Not only could this be harmful economically, but it can also be psychologically damaging — a career demotivator. Don’t give up hope. eCommission can help with advances on that all-important commission payment, before the final closing on the property. The advanced commission payment can help keep cash flow consistent and bridge the time gap …

The production of the drug methamphetamine is usually composed of simple household items, according to Realtor.com. The resulting chemical can permeate the entire property, and exposure to it can lead to cancer, organ damage, and other health problems. Stigmatized properties stay on the market 45 days longer than non-stigmatized properties, according to a study from Wright State University. Stigmatized homes also sell for 3 percent less than comparable houses. There are currently no federal rules that require sellers or their agents to disclose a home’s meth history, according to CNN. …

As of January 2019, the Federal Reserve may be at the end of its rate-hiking cycle, as reported by CNBC regarding a statement from former Fed Chair Janet Yellen. “If there is a downturn in the global economy and that spills into the United States… It’s very possible we may have seen the last interest rate hike of this cycle,” she said at the National Retail Federation’s annual Big Show event in New York. Actually, two rate hikes were expected in 2019, according to projections from individual members of the …