Exciting times, buying a property. There's a lot to think about, though. There's nothing quite like a face-to-face chat with an expert, but here's a quick summary of useful tips and reminders for your buyers. Are finances in order? Before you do anything else, we say do your research and find out how much you can afford to spend on a property. Take into account any available cash you have for a deposit,...
I did not post for a long time; I was thinking an educational post can benefit us all. LEVERAGE how you can use it and create financial independence and in some cases wealth. The younger you start investing, the better. How leverage works is shown in the following example, which I'm oversimplifying a bit to make it easier to understand. Let's say you are buying a duplex for $60,000. You plan to use it as...
Investing in income-producing real estate has historically been a highly profitable way to grow wealth. As the article explains, real estate investing allows you to see and control your investments, with factors that can be examined beforehand, unlike many other investments. Rents and property values tend to rise with inflation, providing a hedge against its effects. Real estate also offers important tax...
We have clients who are asking and expressing concerns about what will happen after the mortgage and rent COVID relief expire. The word "foreclosure" means "to stop" or "to prevent." Today, we are familiar with the word primarily because of its use in reference to mortgages. In law, to foreclose a mortgage means to cut off a borrower (also called a "mortgagor") from their right to redeem a...
If you are thinking about selling your home, here are a few handy tips from us. Working with your agent Collaborate with your agent and make them work for you. At Winkworth, we believe every seller and their home is unique. We would like you to tell us what made you fall in love with your home and what you enjoy most about it now. We will highlight this information when we start marketing your home to...
Selling a home is a significant financial transaction that involves numerous complexities. The most crucial aspect that a home seller needs to understand is the importance of proper pricing. Setting the right price from the outset can make or break the sale. While it might be tempting to list your home at a higher price to leave room for negotiation, this strategy can backfire, leading to prolonged...
Hoboken, New Jersey, has always been a vibrant and dynamic real estate market. Known for its stunning waterfront views, easy access to New York City, and a mix of historic and modern architecture, Hoboken is a highly desirable place to live. As a seasoned broker with 25 years of experience, I've seen the market's ebbs and flows and understand the critical factors influencing its trends today. Utilizing...
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