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Archives for July 2014

The Long and Winding Recovery

July 28, 2014 by Marco Santarelli

Zillow’s second quarter Real Estate Market Report shows national home values rose 6.3% on a year-over-year basis from June 2013 to $174,200.  The last time national home values were at this level was back in March 2005.  (Housing prices peaked in 2006.)

Rents were up 2.5% on a year-over-year basis.  The Zillow Home Value Forecast calls for 4.2% appreciation nationally from June 2014 to June 2015.

[Read more…]

Filed Under: Economy, Growth Markets, Housing Market

Understanding Your Purchase Appraisal

July 15, 2014 by Marco Santarelli

Appraisal FormOnce you have a property under contract and you’ve performed an inspection, it’s time for your loan officer to secure a purchase appraisal.

Be aware that an appraisal will almost always render a lower value than you determined in your comparative market analysis, for a number of reasons.  Appraisals do not give an accurate market value – they simply give you a reflection of what you’re trying to accomplish with the bank.  There are actually different types of appraisals, and each one serves a different purpose.

[Read more…]

Filed Under: Financing, Flipping, Real Estate Investing

Would You Move for $1 Million in New Wealth?

July 8, 2014 by Marco Santarelli

America is a nation on the move.  The Census Bureau says 35.9 million of us picked-up and went somewhere else in 2013, almost 12% of the entire population.

We move because of such things as jobs, climate, family and schools but there’s another reason as well: A good move can be worth $1 million and maybe more.

[Read more…]

Filed Under: Economy, Housing Market, Real Estate Investing, Taxes

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  • 83 Questions to Ask Before Hiring a Property Manager
    February 2, 2023Marco Santarelli
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