Real estate mogul, Shark Tank investor (and eCommission endorser) Barbara Corcoran tells CNBC’s Make It that people who are buying a home for the first time need guidance in order to prevent some common mistakes. “The faster you buy your first home, in my opinion, the better,” Barbara said, even though the process can be difficult, confusing and expensive. She goes on to drill down to the four most often-made mistakes: Not factoring in closing costs We all know how closing costs can grow as the closing goes on — …

When you make the decision to sell a property that is already occupied by tenants, the process may have to go a bit deeper than usual. Realtor.com names six ways to keep your tenants’ anxiety levels low while your property is on the market and in transition. Tenants can experience emotional and even physical reactions to the idea of their homes or businesses being sold to a new and unknown owner. Also, an uncooperative or uninformed tenant may actually affect the sales process and turn off potential buyers. Consider these …

An industry watchdog group called The Consumer Federation of America (CFA) is questioning the long-held practice of dual agency. Dual agency happens when a real estate agent works with both a buyer and a seller. In this situation, the agent takes on both the role of the listing agent and the buyer’s agent. It’s usually rare, and may happen more often in smaller markets where there may not be as much inventory available. It can also be common in markets where there are only a few brokerages doing business. To …

In 2018, California has experienced the most destructive wildfire season on record, Mashvisor reports. The recent Carr Fire, Mendocino Complex Fire, Woolsey Fire and Camp Fire burned a collective 1,665,746 acres, according to the California Department of Forestry and Fire Protection. That’s the largest amount of burned acreage recorded during a fire season. No matter the degree of damage, wildfires like these contribute to decreased property values due to the destruction of infrastructure and the reduced quality of life. Fires leave destruction in their wake, reconstruction becomes noisy and intrusive, …

WeWork, the office coworking leader, opened a new space in New York’s Tribeca on June 25, 2018. However, this space had a different purpose. WeMrkt consists of 95,000 square feet at 205 Hudson Street (the fifth, sixth and seventh floors) and will sell products created by WeWork members. More of these retail-oriented locations are planned to come, both in New York and around the country, including San Francisco. “Anyone who has a captive audience like that has tremendous opportunities,” Helen Bulwik, retail consultant and senior partner at Newport Board Group, …

It’s looking promising, at least for now. Home prices are rising and homebuyers are increasing. The suburbs are no longer flatlining; in fact, they are experiencing a thriving rebirth. Second-market cities are becoming players, and the generation expected to rent for life (Millennials) are suddenly eyeing buying houses — in the suburbs! Nobody can accurately predict what will come our way throughout 2019, but here are some very good educated guesses: Mortgage rates will rise “Despite steady climbing for the past two years, mortgage rates remain lower than they were …

A recent U.S. News & World report analysis found that the most preferred retirement markets are located in just three states. The online survey addressed people age 45 and older who compared the 100 largest metro areas in the country as potential retirement spots. Deciding factors included housing affordability, happiness, desirability, retiree taxes, the job market, and access to quality health care. The most preferred cities are located in Florida, Texas, and Pennsylvania. Florida has seven cities that ranked in the 25 Best Places to Retire. The reasons: affordable homes, …

Sears Holdings, which owns the Sears stores nationwide, has hired the real estate firm Jones Lang LaSalle (JLL) to market the sale of 500 of its U.S. stores, according to Bloomberg. In the meantime, Sears Holdings Chairman Eddie Lampert has placed a $4.6 billion bid to buy the company and keep the stores open. Lampert is no longer Sears’ CEO, but his own holdings and his own hedge fund (ESL Investments) makes him Sears’ largest shareholder, and one of its largest lenders. National Real Estate Investor reports that Lampert’s bid, …

Airbnb’s new initiative, called Airbnb Backyard, will begin testing prefabricated Accessory Dwelling Units (ADUs). These are small cottages that sit behind large houses and are a popular rental on Airbnb. However, Airbnb wants to take that concept a few steps further, by creating homes that are already prepared for hosting guests. Forbes reports that the new venture could also operate as both a producer and a marketplace for selling major aspects of the home. The project is being developed by Airbnb’s product development team, Samara. The properties will be built …

Cross-border investments sales reached $62.7 billion year-to-date through Q3, according to the research firm Real Capital Analytics. That’s a 56 percent increase compared to the same period in 2017. That stat even surpasses the $60.3 billion seen during the first three quarters of 2015, which was a foreign investment record at that time. “Foreign interest in either the equity or debt stack in U.S. assets remains very strong,” Chris Ludeman, global president of capital markets with real estate services firm CBRE, told National Real Estate Investor (NREI). CBRE reports that …