Real Estate Blog

How to Create an S Corporation for Your Rental Properties

For federal tax purposes, S corporations are ordinary business corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders. An S corporation is a small business corporation. When forming your corporation, you can choose whether it will be taxed as an S corp or a C corps based on state laws. An S corporation is simply a regular corporation or other legal entity with a special tax classification. While this tax classification provides benefits to individual taxpayers on pass-through income, an S corporation is still subject to the same tax rules as a C corporation when it comes to property. This is especially true if a company is attempting to transfer ownership of a property.

If you are in the…

443 Views, 0 Comments

Comparing Offerpad vs Opendoor vs Roofstock Offers

While the housing demand is high in most markets across the country, not every seller wants to sell their home the conventional way. Scheduling showings, staging a house and negotiating with a buyer can take a lot of time and energy, just for the agreement to fall through at the last moment. Roofstock Offers, Offerpad, and Opendoor are three i-buyer organizations that pay cash to sellers who wish to sell their property quickly, with little hassle and flexible closing date. A seller can bypass the limitations of a typical sale by selling to an i-buyer and finish a deal in as little as 14 days (about two weeks) or fewer.

Offerpad Offers

Offerpad offers provide two options for selling a home - directly to an Offerpad or to a traditional buyer. It…

438 Views, 0 Comments

Differences Between Buyer's Market and Seller's Market in Real Estate

If you are in the real estate market to buy or sell your home, then it is important to understand the key differences between a buyer’s and seller’s market. The common misconception in the real estate market is that some seasons offer better conditions for buyers and the remaining seasons are profitable for the sellers. However, this is far from the truth. The real estate market is primarily influenced by economic conditions as well as the nexus between supply and demand. Let’s understand the buyer’s market and seller’s market in detail.

What’s a Buyer’s Market and Seller’s Market?

A particular market can be considered a buyer’s market when there’s an excess of homes on sale, but there are only a few buyers to purchase them. On the other hand, a…

500 Views, 0 Comments

8 Common Mistakes by First-Time Homebuyers

Buying a home is both exciting and stressful for first-time homebuyers. Keeping a level head when faced with a situation can help prevent buyers' remorse. As you become familiar with the home-buying process, you'll know what to expect and be better prepared to avoid many of the mistakes first-time buyers make. Staying on top of all things related to your home purchase is crucial. Here are eight common mistakes first-time homebuyers make, which you must avoid at all costs:

Not Getting Preapproved for a Mortgage

A mortgage prequalification is okay if you are just thinking about buying a house since it will let you know how much you might be able to borrow. Nevertheless, if you are serious about searching for a home, you need pre-approval from a…

479 Views, 0 Comments

Everything About Home Appraisal for Buying or Selling a House

In any real estate transaction, a home appraisal is a vital component. Whether you are refinancing your mortgage, buying or selling your home to someone other than a cash buyer, you should understand how an appraiser determines the home's value.

How Is a Home Appraisal Conducted?

Appraisals are independent professional opinions of a home's value. In most purchase-and-sale transactions as well as refinance transactions, appraisals are required. When a home is being purchased and sold, an appraisal determines whether the contract price is reasonable, given its condition, location and features. 

What Should Buyers Know?

You will undergo an appraisal when you are under contract to buy a home. The transaction proceeds as planned when the…

473 Views, 0 Comments

How to Plan a Successful Sale of Your House

Selling your home may be simple or difficult, depending on your house, neighborhood and other factors. However, if you’re preparing to sell your home, you should keep a few things in mind to get the best deal for yourself. How do you generate interest for your residence? If you can attract extra potential buyers, higher is your probability of selling at an excellent price. Here are six approaches to promote the sale of a property successfully, even in a slow market:

Find the Right Real Estate Agent

If you need to sell your house fast, step one is to lease an actual property agent. A real estate agent will recognize the neighborhood marketplace and feature an income file that proves they know how to promote.

Price It Right

It is crucial to…

455 Views, 0 Comments

6 Things You Didn't Know A Real Estate Agent Could Do For You

A truly proficient and versatile real estate agent can make the process of buying your next home a cakewalk for you. Here’s what a realtor can do for you besides the obvious:

Put on a Great Show

Real estate agents are well aware of certain interior designing hacks that are important to apply to a house before showing it to a potential buyer. It is crucial to add these subtle touches and showcase the aesthetic side of the house emanating positive vibes to arouse genuine interest from the buyer. Some of these hacks include removing family photos (in case the seller still lives in the house), clearing away the mess and rearranging furniture to highlight the room as extremely spacious and comfortable.

Suggest a Trustworthy Lender

Real estate…

441 Views, 0 Comments

A Guide to Purchasing Your First Home

Buying a house for the first time might create various complications and sprout numerous questions. But a step-by-step process will get you through it all. Here’s a real estate guide that will help you in your house ownership journey:

Do Your Research Beforehand

Source up newspapers, web pages or property pages for good house listings as per your need. Note the type of neighborhood and pricing style according to the trends in certain areas and make a list of the houses you want to consider buying.

Formulate a Budget

Buying a house is a huge commitment in itself and your financial status is one of the most essential things you should consider before you buy a house. Formulate a budget according to your income and savings and the type of…

441 Views, 0 Comments