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 …

First, this may make you feel a little better: audits by the IRS are actually rare. However, in the event that you are audited, there is virtually nothing you can do to stop it. With that in mind, though, CBS News reports that only three percent of Americans who earned at least $1 million last year were audited by the IRS. The main reason for fewer audits: funding cuts. CBS News reports that the agency has reduced its staffing from 100,000 employees in 2010 to just over 79,000. As of …

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 …

“Veterans are a tight-knit group of people. Treat them right and do a good job and they’ll pass along your name to their friends and colleagues,” Neil Brooks, a REALTOR®, a Navy veteran, and the branch manager of HomeSmart International in Scottsdale, AZ  tells RIS Media. This lucrative market is a reason why you should familiarize yourself with the benefits of Veterans Administration (VA) loans. They offer lower interest rates than traditional home loans, and veterans are able to use the loan more than once and for more than just …

Each month, about 1 out of every 10 real estate agents reports that low appraisals killed a home sale deal, according to The National Association of Realtors®. Of course, a low appraisal can cause lenders to not approve mortgages for more than the property’s appraised value, so this could be a real problem. Appraisal is an opinion; it’s subjective. If you feel that a determination was made in error, you have a right to challenge it. According to interest.com, here are four ways to do that: Give the appraiser a …

With real estate as a strong consideration, where in the country would you have a great chance of finding your life partner? Detroit. Yep. Detroit’s metro area boasts the highest percentage of singles who own their own homes, according to a recent realtor.com report. In the Motor City, the median home price is just $220,000. That’s almost a third less than the national median home price of $289,000. In Detroit, about a quarter of all male residents are single homeowners (23.4 percent). Danielle Hale, chief economist of realtor.com, says that …

The beloved sci-fi cult film Blade Runner, starring Harrison Ford and based on the novel Do Androids Dream of Electric Sheep? debuted in 1982. The story was set in a bleak, rainy Los Angeles of 2019, and concerns police officer Rick Deckard (Ford) who is tasked with hunting down “replicants” on the loose who seem to be “more human than human.” Recently, Bisnow London took a look at what the film got right and wrong about the city of the future. Here’s what the film got right: Density The film …

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 …

The world may have moved online, but old-school print handouts still bring value and communicate your message. If they’re done right, they get read, and you get results. Anybody can create a social media post or website, but when you hand out a printed flyer, potential clients know that you are serious about your business. Back in the day, it may have been necessary to hire (and spend lots of money) on a design agency to create your handouts and brochures. These days, though, you can take advantage of online …