The Power Is Now Magazine | February, 2023

Michael Moore President/CEO Black Achievers, Inc.

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CONTENTS FEBRUARY 2023

TPIN DESIGNS

Pg. 20. The 6 best home design apps for projects large and small.

LEGAL NEWS

Pg. 24. Property assessment reports accuracy

COMMUNITY NEWS

Pg. 26. What is the black equity initiative of the Inland Empire? how can homebuyers benefit from it?

GREEN NEWS

Pg. 8. How best can we protect our environment in 2023?

ECONOMIC NEWS

Pg. 10. The FED announces higher rates in the future: what does this mean for the Real Estate Industry?

REAL ESTATE NEWS

Pg. 12. Here are some of the top states people moved into and out of in 2022.

COMMERCIAL NEWS

Pg. 14. Why commercial real estate vacancies in San Francisco are at an all-time high.

TECHNOLOGY NEWS

Pg. 16. Devising creative and innovative solutions to deal with the affordability crisis in the country.

POWER YOU

Pg. 28. You have more to offer than you think

FINANCIAL NEWS

Pg. 30. Do you have what it takes to be a homeowner? Real Estate financing.

TPIN LIVING & LIFESTYLE

Pg. 32. Making it glam: top five bathroom design ideas to make your house pop in 2023

PEOPLE WOMAN

Pg. 34. Helena Duncan: the first black CEO of the business council of Alabama.

FROM OUR VIP AGENTS:

Pg. 37. City in review: thinking about buying a home in Houston? what you need to know, by Sharon Bartlett.

Pg. 41. Homebuyer’s guide to Maryland’s foreclosure, by Emerick Peace.

Pg. 47. Sellers: explained! beginners, here is what a multi-family home is, by Adriana Montes.

Pg. 51. 3 relationship-saving strategies for any couple buying a house, by Yvonne McFadden.

Pg. 55. Wondering how much you need to save for a down payment in Payson?, by Tamra Lee.

Pg. 59. 10 small (and affordable) home upgrades for big impact, by Walter Huff.

Pg. 63. Is buying a second home in Ohio a worthy investment?, by Heith Mohler.

Pg. 67. Is making your curb more appealing underrated?, by Ruby Frazier.

Pg. 70. Michael Moore. President and CEO of Black Achievers, Inc.

Pg. 75 Here’s how to sell your home while buying another in Corona, CA, by Jenny Gonzalez.

Pg. 79. 10 benefits of owning vacation rentals, by Ian Batra.

Pg. 83. Simple steps minorities in LA can take before buying a home, by Briana Frazier.

Pg. 87. How will rising interest rates affect home prices in Minnesota?, by Francine Marsolek.

Pg. 91. North Carolina Real Estate trends in 2023, by Janet Petrozelle.

Pg. 95. San Diego real estate market updates Q1, 2023, by John Costigan.

Pg. 99. Is it hard to finance a new construction home in San Francisco?, by Norman Green.

Pg. 103 New haven Real Estate market projections: here’s what to expect in 2023, by Steven Rivkin.

Pg. 107. Even inflation couldn’t stop buyers in Costa Mesa from buying, by Eric L. Frazier MBA.

Pg. 111. New construction myths: these homes are expensive!, by Monica Hill.

Pg. 115 Stuck in your sell? Here are some creative promotion strategies to attract today’s buyers, by Marina Ramirez.

Pg. 119. Top 10 list of what to expect once you receive an offer on your home in Palm Desert, CA, by Brandy Nelson.

Pg. 123. 10 Best Strategies for buying in Tahoma, by Jim Clifford.

Pg. 127. How cryptocurrency will impact Real Estate financing, by Jamar James.

Pg. 131. 5 tips to dealing with taxes in Los Angeles, by Dolores Golden.

Pg. 135. Here’s how to survive a house remodeling in New York, by Harriet Robertson.

February 2023 FROM THE EDITOR

To Our Valued Readers,

Welcome to the February issue of our magazine, where we bring you the latest and greatest in technology, mortgage, economic, real estate, and lifestyle news. We know that the real estate industry can be a tricky one to navigate, which is why we strive to bring you the most accurate and up-to-date information to help you make informed decisions.

Firstly, the topic of underwater home loans is a hot topic right now and we ask the question: is it possible for them to make a comeback? While the housing market has seen a significant recovery since the 2008 financial crisis, there are still some homeowners who are underwater on their mortgages. We examine the potential for these homeowners to regain positive equity and explore the options available to them.

I had a wonderful conversation with Michael Moore who is on the cover for February. He is the founder of Black Achievers, a 501 (c)(3) organization with over 80,000 members nationwide. What strikes me was his courageous mission to build a network of Black professionals who can work together to make the world a better place for everyone. He is also the author of “Achieve Your Dreams, The 9 Principles of African American Success”. Michael’s book inspires people to reach their full potential in life. His story truly fascinated me and at times like these, we need more brave people like Michael. Find out how at age 19, he taught himself how to write computer code. He started designing and programming websites for businesses as a hobby while still in college eventually upscaling that hobby to a multi-million business!

In other articles, the Federal Reserve’s announcement of higher rates in the future has many in the real estate industry wondering what this means for them. We look at the potential impact on the industry and provide expert analysis to help you understand what this announcement could mean for you. We also take a look at the top states people moved into and out of in 2022 and what this could mean for the real estate market. Additionally, we explore the best ways to protect our environment in 2023 and ask the question whether state

property assessments are accurate. For those looking to add some flair to their home, we have included some top bathroom design ideas to make your house pop in 2023 and the best home design apps for projects large and small.

We also highlight the achievements of Helena Duncan, the first Black CEO of the Business Council of Alabama, and pay tribute to Black History Month, as well as roundup the incredible stories of the first Black president- President Obama and Michelle Obama and First Black Major in Los Angeles, Karen Bass. The two black Republican Senators Raphael G. Warnock, Cory Booker, and Tim Scott, and a host of other black leaders, first in their respective spots.

This is an issue jampacked with tons of

information to keep you fully informed throughout the month.

We hope that you find this issue informative and helpful in your real estate journey. As always, we remain optimistic about the future of the industry and are excited to see what the next year has in store for us.

Happy reading!

ERIC L. FRAZIER MBA President and CEO The Power Is Now Media, Inc.

How best can we protect Our environment in 2023?

As we enter the new year of 2023, it is important to reflect on the state of our environment and the actions we can take to protect it. The past few decades have seen a significant deterioration of our planet due to human activities such as pollution, deforestation, and overconsumption of resources. However, there is still hope for a better future if we take immediate and effective measures to preserve the environment. In this article we will look at some of the things we can do to protect our environment.

One of the most pressing issues facing our environment is climate change. The burning of fossil fuels, deforestation, and industrial activities have led to a significant increase in greenhouse gas emissions, causing the Earth’s temperature to rise and leading to severe weather patterns, sea level rise, and loss of biodiversity. To combat climate change, it is essential to reduce our carbon footprint by using clean energy sources such as solar and wind power and by implementing policies to decrease emissions from transportation and industry. Additionally, we must focus on preserving and reforesting natural areas, as trees and other vegetation act as carbon sinks, absorbing carbon dioxide from the atmosphere.

Cars and other vehicles are significant sources of air pollution and contribute to climate change through their emissions of greenhouse

gases. To reduce the environmental impact of transportation, we can encourage the use of public transportation, biking, and walking, and promote the development and use of electric and hybrid vehicles.

Another way to protect the environment is to support and invest in sustainable and green infrastructure. Green infrastructure refers to the use of natural systems, such as wetlands, green roofs, and urban forests, to manage water and air quality, reduce energy consumption, and create healthier communities. By investing in sustainable infrastructure, we can improve the environment while also creating jobs and boosting the economy.

We must also pay attention to the impact of our consumption habits on the environment. The production of goods, particularly those made from non-renewable resources, contributes to the depletion of natural resources, pollution and carbon emission. We can support sustainable and eco-friendly products, and also consider the entire life cycle of the products we buy, from production to disposal.

Another important aspect of protecting our environment is reducing pollution. Air, water, and soil pollution not only harm the planet but also have detrimental effects on human health. To reduce pollution, we must implement stricter regulations on industries and individuals that

contribute to pollution, and encourage the use of cleaner and more sustainable technologies. Additionally, we must also promote recycling and waste reduction to decrease the amount of waste that ends up in landfills and oceans.

Overconsumption of resources is another major contributor to environmental degradation. The production and disposal of goods and services consume vast amounts of energy and other resources, leading to pollution and depletion of natural resources. To curb overconsumption, we must adopt sustainable consumption practices such as reducing, reusing, and recycling products, and supporting sustainable and eco-friendly products. We must also support sustainable and regenerative agriculture, which aims to produce food while preserving and regenerating the environment.

Another crucial step to protecting our environment is preserving biodiversity.

Biodiversity is the variety of life on Earth, and it is essential for maintaining ecosystem health and services. Human activities such as deforestation, pollution, and overfishing are causing significant loss of biodiversity, and it is crucial that we take action to protect endangered species and their habitats. To do this, we must implement conservation policies, promote sustainable resource use, and reduce habitat destruction.

and communities. For example, the overconsumption of palm oil, which is used in a wide range of products, including food, cleaning products, and cosmetics, is contributing to the destruction of rainforests and the displacement of local communities in Southeast Asia. By being more mindful of the products we use, we can help to protect both the environment and the rights of marginalized communities around the world.

Lastly, we must also raise awareness and educate the public about the importance of protecting the environment. This will empower individuals to make more sustainable choices in their daily lives and to advocate for more environmentally friendly policies. Additionally, education and outreach programs can help equip individuals with the knowledge and skills needed to make a positive impact on the environment.

We should also consider the impact of our consumption on other cultures

In conclusion, there are several key steps that we can take to protect our environment in 2023. These include reducing our carbon footprint, reducing pollution, curbing overconsumption, preserving biodiversity, and raising awareness and education. By taking immediate and effective measures, we can work towards preserving our planet for future generations. However, it is important to note that protecting the environment is a shared responsibility and requires collective effort from individuals, governments, and organizations.

The FED Announces Higher Rates in the Future: What does

this mean for the real estate Industry?

The Federal Reserve (FED) recently announced its intention to raise interest rates in the near future, which has major implications for the real estate industry. When interest rates go up, it makes borrowing more expensive and can lead to a decrease in home sales and prices; however, it’s important to note that the impact of higher interest rates can vary depending on the stage of the economic cycle, economic conditions, population growth and job opportunities.

First, it’s worth noting that higher interest rates can also make it more difficult for builders and developers to secure financing for new construction projects. As the cost of borrowing increases, it can become more expensive for builders to secure loans to finance the construction of new homes. This can lead to a slowdown in new construction, which can further impact the housing market.

Another important factor to consider is that higher interest rates can also affect the value of real estate investments. As interest rates go up, the value of fixed-income investments such as bonds

and other forms of real estate investments also increases, which makes them more attractive to investors. This can lead to a decrease in demand for other forms of real estate investments, such as REITs or real estate funds, which can also have an impact on the real estate industry.

Additionally, it’s worth noting that the impact of higher interest rates on the real estate market can vary depending on the stage of the economic cycle. During a recession, for example, the impact of higher interest rates may be more severe, as the economy is already weak, and higher interest rates can make it even more difficult for individuals to afford a mortgage. On the other hand, during an economic expansion, the impact of higher interest rates may be less severe, as the economy is stronger and there is more demand for housing.

It’s also important to consider the impact of higher interest rates on the broader economy. Higher interest rates can lead to a decrease in consumer spending, as individuals have less disposable income to spend on goods and services. This can have a ripple effect on the economy, as

businesses may see a decrease in revenue, which can lead to layoffs and a slowdown in economic growth.

When the FED raises interest rates, it becomes more expensive for consumers to borrow money. This can make it more difficult for individuals to afford a mortgage, which can lead to a decrease in home sales. Additionally, as the cost of borrowing increases, so do the monthly mortgage payments for those who have already purchased a home. This can put a strain on homeowners and potentially lead to a rise in defaults and foreclosures.

Furthermore, as the cost of borrowing increases,

it can also lead to a decrease in home prices. When interest rates go up, it becomes less attractive for buyers to purchase a home, which can lead to a decrease in demand. As a result, sellers may be forced to lower their asking price in order to make their property more attractive to potential buyers.

However, it’s important to note that the interest rate is not the only factor that affects the real estate market. Economic conditions, population growth, and job opportunities are all important considerations as well. For example, if there is a strong demand for housing in a particular area due to population growth or a strong job market, the impact of higher interest rates may be less severe.

Additionally, it’s important to note that higher interest rates can also have a positive impact on certain segments of the real estate market. For example, landlords and investors may find that higher interest rates make rental properties more attractive, as they can charge higher rents. Similarly, higher interest rates can also make it more attractive for investors to invest in real estate, as they can earn a higher return on their investment. It’s worth noting that the FED’s decision to raise interest rates is not set in stone. The FED will continue to monitor economic conditions and make adjustments as necessary. If the economy shows signs of weakness or the housing market starts to slow down, the FED may decide to hold off on raising interest rates.

In conclusion, the FED’s announcement to raise interest rates in the future has significant implications for the real estate industry. Higher interest rates can make it more difficult for individuals to afford a mortgage and can lead to a decrease in home sales and prices. However, it’s important to remember that the real estate market is influenced by a variety of factors. As such, it’s important to keep a close eye on economic conditions and the housing market to understand how the FED’s decision will ultimately impact the real estate industry.

Here are some of the Top States people moved into and out of in 2022

The United States Census Bureau has recently released data on the top states that saw a significant influx and outflow of residents in 2022. This data provides valuable insights into the current trends and patterns of migration within the United States, and can help to understand the factors that are driving people to move to or away from certain states. Understanding these migration patterns can help policymakers, businesses, and individuals make more informed decisions about where to live, work, and invest. There were several states that saw a significant influx of new residents in 2022. These states include:

1. FLORIDA

Known for its warm climate and beaches, Florida continues to be a popular destination for retirees and vacationers. In 2022, the state saw a net migration of over 200,000 people, with many coming from states such as New York and New Jersey. The state’s thriving tourism industry, low taxes, lack of a state income tax and affordable housing are all contributing factors to its popularity.

2. TEXAS

With a growing economy and a relatively low cost of living, Texas has become

a popular destination for young professionals and families. In 2022, the state saw a net migration of over 150,000 people, with many coming from states such as California. The state’s strong job market, particularly in the technology and energy sectors, has attracted many young professionals.

North Carolina’s pleasant climate and its diverse economy, has become a popular destination for both retirees and young professionals. In 2022, the state saw a net migration of over 100,000 people, with many coming from states such as New York.

The state’s warm climate and scenic landscapes, has made it become a popular destination for retirees and vacationers. In 2022, the state saw a net migration of over 75,000 people, with many coming from states such as California and Illinois. Additionally, the state’s relatively low cost of living, especially when it comes to housing, has made it an affordable option for retirees and vacationers.

3. NORTH CAROLINA

4. ARIZONA

5. TENNESSEE

With its low cost of living and friendly culture, Tennessee has become a popular destination for families and young professionals. In 2022, the state saw a net migration of over 50,000 people, with many coming from states such as Ohio and Indiana. The state’s low cost of living, particularly when it comes to housing, has made it an affordable option for families.

On the other hand, there were also several states that saw a significant outflow of residents in 2022. These states include:

1. NEW YORK

With high taxes and a high cost of living, New York has seen a significant outflow of residents in recent years. In 2022, the state saw a net migration of over -200,000 people. The high cost of living in New York, particularly when it comes to housing, has made it an unaffordable option for many residents

2. CALIFORNIA

The high cost of living in California, particularly when it comes to housing, has made it an unaffordable option for many residents. Additionally, the state’s high taxes and regulations have made it an unattractive option for many residents. In 2022, the state saw a net migration of over -150,000 people.

3. ILLINOIS

Illinois, with high taxes and a struggling economy, has seen a significant outflow of residents in recent years. In 2022, the state saw a net migration of over -100,000 people. The state’s struggling economy and also the high taxes, particularly when it comes to state income tax and property tax, have made it an unattractive option for many residents.

4. NEW JERSEY

New Jersey having high taxes, particularly when it comes to housing, making the state an unaffordable option. In 2022, the state saw a net migration of over -75,000 people. Also, the high cost of living in the state has made it an unattractive option for many residents, with many moving it states such Florida and North Carolina.

5. CONNECTICUT:

The state’s high property taxes and a high cost of living especially when it comes to housing has made it an unaffordable option for many residents. also, the high state income tax have made it an unattractive option for many of the residents there, making them opt to move. In 2022, the state saw a net migration of over -50,000 people.

It is worth noting that these figures are based on data from the United States Census Bureau and should be taken as estimates rather than exact numbers. Factors such as job opportunities, cost of living, and climate are among the main reasons why people choose to move to or from a particular state. Additionally, these numbers are based on the net migration, which is the difference between the number of people moving in to a state and the number of people moving out of a state.

Why Commercial real estate vacancies in San Francisco are at an all-time high

Commercial real estate vacancies in San Francisco have reached an all-time high, with office vacancies currently at over 14%. This is a significant increase from the historical average of around 5%. There are several factors that have contributed to this trend, and it is important to understand the underlying causes in order to predict the future of the market and make informed decisions about investing in commercial real estate in San Francisco.

One of the main factors contributing to the high vacancy rate is the rise of remote work.

The COVID-19 pandemic has forced many companies to shift to a remote work model, and as a result, many employees have decided to move out of the city or to the suburbs, where they can find more affordable housing and larger living spaces. This has led to a decrease in demand for office space in the city, as companies

are no longer in need of as much space to accommodate all of their employees. Also, the uncertainty caused by the pandemic has led to a decrease in investment and expansion plans for companies, which has led to a decrease in demand for office space. Many companies have put their expansion plans on hold due to the economic uncertainty caused by the pandemic

Another factor contributing to the high vacancy rate is the high cost of doing business in San Francisco. The city has some of the highest commercial real estate prices in the country, and this has made it difficult for small businesses and startups to afford to rent office space. Additionally, the high cost of living in the city has made it difficult for companies to attract and retain employees, as many can find more affordable living options outside of the city.

Also, the lack of affordable housing in San

Francisco has contributed to the high commercial real estate vacancies in the city. Companies are finding it difficult to recruit new employees and retain existing ones since many people are unable to afford to live in the city, and as a result, opting move to more affordable areas outside of the city. This in turn leads to a decrease in demand for office space and increasing the vacancies.

Another reason for the high commercial real estate vacancies in San Francisco is the rise of e-commerce and the decline of brick-andmortar retail. The shift to online

shopping has led to a decrease in the demand for retail space, as many consumers now prefer to shop from the comfort of their own homes. This has led to many retailers downsizing their physical locations or closing them altogether.

Additionally, the recent economic downturn has led to a decrease in demand for office space. The economic uncertainty caused by the pandemic has led to a decrease in business activity, and many companies have put their expansion plans on hold. This has led to a decrease in demand for office space, as many companies are not in need of additional space to accommodate growth.

Despite these challenges, there are still opportunities for investors in the San Francisco commercial real estate market. One of the key opportunities is in the redevelopment of older buildings. Many older buildings in the city are in need of upgrades and renovations, and investors can take advantage of this by purchasing these properties and modernizing them to appeal to today’s tenants.

to support remote work, and investors can take advantage of this by developing new office spaces that are equipped with the technology and amenities needed to support remote work.

Additionally, the demand for co-working spaces is also on the rise, as many companies are looking for flexible office solutions that can accommodate a mix of remote and in-person work. Investors can take advantage of this trend by developing coworking spaces that cater to this demand.

Finally, it’s worth noting that San Francisco is a city with a strong economy and an abundance of high-paying jobs, which will continue to drive demand for commercial real estate. In the long run, it’s likely that the market will recover and the vacancy rate will decrease.

Another opportunity is in the development of new office spaces that are designed to accommodate the needs of remote workers. Many companies are now looking for office spaces that are designed

In conclusion, the high commercial real estate vacancies in San Francisco are a result of several factors, including the rise of remote work, the high cost of doing business in the city, the decline of brick-and-mortar retail, and the recent economic downturn. However, there are still opportunities for investors in the market, including the redevelopment of older buildings and the development of new office spaces designed to accommodate remote work.

Devising creative and innovative solutions to deal with the affordability crisis in the country

It’s an undeniable fact that many people today crave homes, which can be shown by looking at the current trends in the real estate market and the frenzy we witnessed in the last two years. Buying a place to call home and making memories will forever be a significant milestone in one’s life. You could own a home, but you would like to make a few upgrades to accommodate a larger family. Whatever your plans, you probably have noticed that securing property has become a big challenge.

Indeed, Americans are struggling not just to make a living but to find somewhere to live. The market has high demand, but very few houses are being constructed to meet that demand. In addition, the market cannot supply affordable housing across the country, which has left many buyers in limbo.

Numerous factors have contributed to this persistent housing shortage, exacerbating the country’s housing crisis. With every challenge comes to an opportunity for creativity and innovation, and the current market is forcing tech companies, entrepreneurs, and developers to think outside the box. Looking at the west coast,

for instance, Tech companies are largely responsible for the high cost of properties as entire communities have become so gentrified that the average person is forced to look elsewhere for affordable properties.

Another factor we must consider is that the FED kept interest rates so low, which pulled in many buyers, ultimately pushing the prices higher. These two forces, among others, created a ‘crazy’ imbalance in the market, leading to the situation we are grappling with today- the affordability crisis.

Still on the west coast, because it seems California is the epicenter of the affordability

crisis in the country, a report by Mckinsey concluded that the state needed to add about 3.5 million more homes by 2025, which means each year the state must add 350,000 units for the next seven years. But there are unique challenges that will make this reality a nightmare. First, the current zoning laws do not support such a move, and

second, there is land scarcity in the urban areas. These are some of the challenges that make achieving 350,000 units a year an insurmountable task. To move forward, California and the nation must look towards new innovative ideas.

REMOVING ALL BARRIERS AT THE LOCAL, STATE, AND FEDERAL LEVEL

This will allow the country at large to add more homes and apartments. To progress on this front, the local, state, and national governments must remove the barriers, especially regulatory barriers to building homes. On that front, there are several policies being looked at in the private and

is important and extremely helpful; it helps the industry automate the legal analysis for the planning code, and anyone can access what is possible in certain jurisdictions or on a given parcel which cuts the processing time from months to immediate response.

The computational capacity delivered through this platform helps break the administrative and regulatory barriers and demonstrates the potential for other processing innovations related to planning and zoning.

Other states like Minneapolis and Oregon have eliminated single-family zoning by breaking down the regulatory barriers that initially made this a challenge. Although 75 percent of the housing in Minneapolis was previously zoned single-family, now up to three units are allowed on any residential plot of land throughout the entire city.

“By rezoning lots that currently accommodate only one single-family house to allow duplexes and triplexes,” says Andrea Brennan, Minneapolis’s Housing Policy and Development Director, “Minneapolis effectively triples the housing capacity of some neighborhoods.”

public sectors to achieve better regulatory policies for housing affordability.

A case to mention is Symbium, a tech company in San Francisco that has developed a computational law platform that mechanizes the rules and regulations of planning code to assist all stakeholders in quickly establishing an Accessory Dwelling Unit (ADU) is allowed on a property. This

In June 2019, the State of Oregon passed HB2001 with bipartisan support- legislation that effectively ended single-family zoning in the state. In fact, it gave power to the state to determine the legal authority to establish parameters for zoning at the local level. So far, the state of Oregon has made a bold move to assert that authority to encourage the local jurisdictions to allow more units to be built in their state.

TECHNOLOGIES TO BOOST THE SPEED OF PRODUCTION, INCREASE PRODUCTIVITY, AND LOWER COSTS

Another innovative firm in Silicon Valley called Entekra is focused on off-site framing. It is on a mission to increase home

building productivity and reduce the time and the costs it takes to build a single unit.

Stick-built framing for a typical 2,500-square-foot house would generally take about five workers and 15 days to complete, but with the firm’s Fully Integrated Off-Site Solution and a crane, the framing can be done in just four days by a crew of four people. Effectively, this reduces prices by $25,000, saves an average of 30+days, and increases overall productivity by more than 500 percent. In addition, this system reduces errors and reduces on-site skilled labor needs.

Regarding multi-family units, another companyFullStake Modular in New York, merges modular housing with new construction technologies to bring a higher level of control, predictability, and scalability to multifamily development. This is the same company that built the modules for 461 Dean Street in Brooklyn, New York, which is the tallest modular building in the world.

CREATIVE FINANCING

Financing is one of many people’s biggest hurdles to homeownership. To that effect, Rhino, a company located in New York, partners with building owners in all 50 states to offer low-cost insurance as an alternative to cash security deposits. When a renter inquires about a unit and says Rhino is an option, they can choose between low-cost insurance or a traditional security deposit. The transaction is made directly with the renter. The renter will receive information about the premium immediately, and then they can decide whether to pay the premium in lieu of a security deposit. Although the cost of insurance varies, it ranges between $4-7/monthly.

In addition, it is important to highlight that several companies have developed several approaches to help future buyers. One of the most popular approaches is crowdfunding to seek investors. A good example is HomeFundIt in Baltimore, an online crowdfunding platform allowing homebuyers to use gifts from family and friends for home payments. Still as a crowdfunding platform but using a different approach, Small Change in Pittsburgh connects investors with developers to build better cities . As long as

you are 18+ Small Change allows you to invest in projects that involve affordable housing, community centric projects, transit oriented projects and any project that essentially makes better places for everyone.

Additionally, one of the markets that we have to look at and carefully consider is the renter’s market. These are the people getting groomed to become buyers and availing financial assistance and removing barriers to financing, especially for the minorities and the people with lower incomes is essential to ensure housing affordability. A tech company called Till, located in Alexandria, Virginia has set a platform that transforms a renter’s ability to pay, stay and thrive in their homes through real-time data to develop payment solutions to address their needs.

What Till offers is personalized structures that reduce the avoidable costs of delinquency and evictions. Understanding that the biggest costs that many renters face is rent payment , Till helps to drive meaningful improvements across a renter’s entire financial landscape.

It is also estimated that less than 1 percent of credit reports include rent, yet, for many people, it is their largest and most consistent payment. In light of this, another tech company, ESUSU in New York offers the renters data reporting services that includes rents as a factor of credit scores. The company builds the reports for clients by partnering with property managers and public housing authorities or even working directly with landlords. By using rent payments to establish creditworthiness, ESUSU significantly lowers the cost of capital for renters who want to become buyers.

Housing affordability is not a one-off problem that can be solved by a blanket solution. However, it is a problem to keep talking about the problem and not offering any real practical solutions. Focusing on ways to solve the problem through innovation, it will be possible to come up with multiple marvelous and creative solutions focused at the grassroot level.

The 6 Best Home Design Apps for

Projects Large and Small

Home design apps have revolutionized the way we approach interior and exterior design projects, both large and small. With a vast array of tools and features, these apps allow users to plan, visualize, and even shop for their dream home all from the comfort of their own device.

Here, we’ve rounded up six of the best home design apps currently available, each with their own unique set of features and capabilities. Whether you’re a professional designer or a DIY enthusiast, these apps have something to offer for projects of all sizes.

1. HOUZZ DESIGN

This app is a must-have for anyone looking to renovate or redecorate their home. The app features an extensive library of interior and exterior design ideas, as well as a shopping feature that allows users to purchase products directly from the app. The app provides users with a wealth of inspiration and ideas for their home renovation and decorating projects, with a vast collection of photos, articles, and product listings. The app also has a feature called “View in My Room 3D” which allows you to see how furniture and decor would look in your own space using your device’s camera. Users can also save and organize their favorite products, photos and professionals on the app under “Ideabooks”. Another feature is the “Houzz Pro+” which is a subscription-based service that gives users access to additional features such as project management tools and the ability to send direct messages to professionals. Users can also connect with local professionals, such as architects, builders, and designers, to get personalized advice and help with their projects.

2. ROOMSKETCHER

This is an app that allows users to create detailed floor plans and 3D renderings of their home renovation and decorating projects. The app is ideal for users who want to experiment with different layouts and designs, and see how their ideas will look in real life before they start their projects. The apps feature called “Live 3D allows users to walk through their designs and see how their ideas will look in real life. The app also allows users to import and export 3D models, which is useful for professionals who need to share their designs with clients or contractors.

3. SKETCHUP

This app is a favorite among professional architects and designers, as it offers advanced 3D modeling capabilities to create detailed floor plans and 3D renderings of their home renovation and decorating projects. The app is easy to use, with a userfriendly interface and a wide range of tools and features. Users can experiment with different layouts and designs, and see how their ideas will look in real life before they start their projects. The app also allows users to collaborate with others, making it a great option for working on larger projects.

4. HOME DESIGN 3D

This app is perfect for those who want to design their home in 3D, but don’t have any previous experience with design software. The app’s user-friendly interface makes it easy to create detailed designs, and users can also import floor plans from other sources. The app also includes a wide range of furniture, lighting and decor items to add to your designs, as well as the ability to import your own items. The app also allows users to import floor plans and export the designs in various file formats, such as PDF, JPG, and PNG. It also has a feature called “Augmented Reality” which allows users to see how their designs would look in real life using their device’s camera.

5. MAGICPLAN

This app is great for creating detailed floor plans, and is particularly useful for those working on larger projects. The app allows

users to create floor plans by taking photos of a space. The app then automatically creates a floor plan based on the photos, which can be customized and edited as needed. This is a great app for users who want to create a floor plan of their home without having to manually measure and draw everything. MagicPlan also offers a wide range of furniture and decor items to add to your designs, as well as the ability to import your own items. It also has a feature called “Magic Plan Pro” which is a subscription-based service that gives users access to additional features such as the ability to create floor plans for multiple levels and export in various file formats.

In conclusion, home design apps have made it easier than ever before to plan and visualize home renovation and decorating projects. Whether you are a professional designer or a DIY enthusiast, these apps offer a wide range of features and capabilities to suit projects of all sizes. From creating detailed floor plans and 3D renderings, to shopping for decor and furniture, these apps have something to offer for everyone. Happy designing!

Property Assessment Reports Accuracy

Property assessment reports are a crucial part of the property tax system in the United States. They are used to determine the value of a property for the purpose of taxation. The question of whether these reports are accurate is an important one, as it can have a significant impact on the amount of property taxes that a homeowner has to pay. In this article, we will explore the concept of assessed value versus market value, and the effects that these values can have on property taxes.

Assessed value is the value of a property as determined by the government for the purpose of taxation. This value is typically based on the property’s physical characteristics, such as the size of the lot, the square footage of the building, and the age and condition of the property. The assessed value is used to calculate the property taxes that a homeowner has to pay.

Market value, on the other hand, is the value of a property as determined by the market. This value is typically based on the sale prices of similar properties in the area. The market value can fluctuate based on a variety of factors, such as changes in the local economy, changes in interest rates, and changes in the supply and demand for properties in the area.

In theory, the assessed value of a property should be the same as the market value of a property. However, in practice, this is not always the case.

The assessed value of a property can be lower or higher than the market value of a property, depending on a variety of factors, such as the property’s physical characteristics, the local economy, and the local real estate market.

When the assessed value of a property is lower than the market value of a property, the homeowner may be paying less in property taxes than they should. This can be a problem because it can lead to an unfair distribution of the property tax burden among homeowners. When the assessed value of a property is higher than the market value of a property, the homeowner may be paying more in property taxes than they should. This can be a problem because it can lead to financial hardship for the homeowner.

One common method used to determine the assessed value of a property is the cost approach. This method involves estimating the cost to replace the property with a similar new property, and then subtracting any physical deterioration, functional obsolescence, and economic obsolescence. However, this method may not accurately reflect the true market value of the property, as it doesn’t consider the location of the property, the condition of the property, or the overall state of the local real estate market.

Another method used is the sales comparison

approach. This method involves comparing the property being assessed to similar properties that have recently sold in the area. The assessed value of the property is then determined by comparing the property’s characteristics to those of the comparable properties. This method is considered to be more accurate than the cost approach, as it takes into account the location of the property, the condition of the property, and the overall state of the local real estate market.

The effects of the assessed value versus market value on property taxes can be significant. When the assessed value is lower than the market value, it can lead to an unfair distribution of the property tax burden among homeowners. When the assessed value is higher than the market value, it can lead to financial hardship for the homeowner.

In order to ensure that property assessment reports are accurate, it is important to regularly review and update the assessed values of properties. This can be done by conducting property inspections and re-evaluations, and by comparing the assessed values to the market

values of similar properties in the area.

Additionally, homeowners have the right to appeal their property assessment if they believe that it is incorrect. They can do this by submitting a request for a property assessment review to the local government. This process can be timeconsuming and complex, but it is important for homeowners to understand their rights and to exercise them if they believe that their property assessment is incorrect.

In conclusion, property assessment reports are an important part of the property tax system in the United States. The assessed value of a property should be the same as the market value of a property, but in practice, this is not always the case. The effects of the assessed value versus market value on property taxes can be significant, and it is important to ensure that property assessment reports are accurate by regularly reviewing and updating the assessed values of properties and by providing homeowners with the right to appeal their property assessments if they believe that they are incorrect.

What Is The Black Equity Initiative of the Inland Empire?

how can Homebuyers benefit from it?

The Black Equity Initiative of the Inland Empire is a community-driven effort aimed at addressing systemic racism and promoting economic equity for Black residents in the Inland Empire region of California. The initiative, launched in 2020, focuses on increasing access to affordable housing, supporting small businesses, and providing financial education and resources to Black residents in the region. Through the initiative, Black residents in the Inland Empire can build wealth, improve their credit scores, and increase their community involvement by becoming homeowners.

One of the key components of the Black Equity Initiative is creating a program to assist Black homebuyers in purchasing homes in the Inland

Empire. This program, known as the Black Homeownership Assistance Program, provides financial assistance and resources to help Black residents overcome barriers to homeownership, such as high down payment requirements and lack of access to mortgage financing.

One way the Black Homeownership Assistance Program helps Black homebuyers is by providing down payment assistance. This can be particularly useful for first-time homebuyers or those who may not have the savings or resources to make a large down payment on a home. By providing financial assistance for the down payment, the program helps reduce the overall homeownership cost and make it more accessible to Black residents.

In addition to down payment assistance, the Black Homeownership Assistance Program also offers educational resources and support to help Black homebuyers navigate the purchasing process. This includes information on financing options, credit repair, and other important considerations for homebuyers. For example, the program may provide information on different mortgage options, such as conventional loans, FHA loans, and VA loans, and help homebuyers understand the pros and cons of each option. The program may also offer assistance with credit repair, which can be especially important for Black homebuyers who may have faced discrimination in the credit market and have lower credit scores. One of the key benefits of the Black Equity Initiative and the Black Homeownership Assistance Program is that they help to level the playing field for Black residents in the Inland Empire, who may have historically faced discrimination and barriers to homeownership. By providing financial assistance and resources, the initiative helps to increase access to affordable housing for Black residents, which can have long-term benefits for both individual homeowners and the broader community.

The Black Equity Initiative also includes several other initiatives to promote economic equity for Black residents in the Inland Empire. These initiatives include support for small businesses, financial education and resources, and community engagement efforts. For example, the initiative may provide technical assistance and resources to help Black entrepreneurs start and grow their businesses or offer financial education workshops to help Black residents improve their financial literacy and make informed financial decisions.

Another way that homebuyers can benefit from the Black Equity Initiative is through its partnerships with local real estate professionals. The initiative works with a network of real estate agents, mortgage lenders, and other professionals committed to supporting

Black buyers and helping them achieve homeownership. By working with these professionals, homebuyers can get the support and guidance they need to find the right home and secure a mortgage that meets their needs.

One of the key benefits of the Black Equity Initiative and the Black Homeownership Assistance Program is that they help to level the playing field for Black residents in the Inland Empire, who may have historically faced discrimination and barriers to homeownership. By doing this, the initiative helps increase access to affordable housing for Black residents, which can benefit both individual homeowners and the broader community. Homeownership can provide several economic and social benefits, such as building wealth, improving credit scores, and increasing community involvement which promotes economic stability and prosperity for Black residents in the Inland Empire.

The Black Equity Initiative is just one example of the efforts to address the systemic barriers Black individuals and families often face when trying to buy a home. While the initiative is focused on the Inland Empire region of California, similar programs and initiatives exist in other parts of the country. For example, the National Association of Realtors has launched several initiatives to promote diversity and inclusion in the real estate industry, including the “Advancing Real Estate, Advancing Communities” program, which aims to increase homeownership among Black and Hispanic households.

Overall, the Black Equity Initiative of the Inland Empire and the Black Homeownership Assistance Program are important efforts to promote economic equity and address systemic racism in the region. By providing financial assistance and resources to Black homebuyers, these programs can help to increase homeownership rates and improve the economic stability of Black residents in the Inland Empire.

You have more to offer than you think

Many of us often underestimate our own abilities and potential, believing that we are not capable of achieving certain things or that our talents and skills are limited. However, it is important to understand that we all have more to offer than we think. Whether it’s through self-confidence, growth mindset, discovering new talents, surrounding ourselves with supportive people, or seeking out new opportunities, we can unlock our true potential and achieve more than we ever thought possible. It’s time to stop limiting ourselves and strive to be the best version of ourselves.

One of the main reasons why we may underestimate ourselves is because of our lack of self-confidence. We may compare ourselves to others and believe that they are more talented or capable than we are. However, it is important to remember that everyone has their own unique strengths and abilities. Just because someone else excels in one area, does not mean that you cannot excel in another.

Another reason why we may underestimate ourselves is because of our past experiences. If we have failed at something in the past, we may believe that we are not capable of succeeding in the future. However, it is important to understand that failure is a

part of the learning process and that we can learn from our mistakes and improve.

It is also important to understand that our abilities and potential can change over time. We have the ability to continue growing and developing throughout our lives. We may not be able to do something now, but with practice and dedication, we can improve and achieve more than we ever thought possible. One way to do this is through education and training. Whether it’s formal education or learning through personal development and self-study, we can acquire new knowledge and skills that can help us to achieve more. For example, if you want to improve your public speaking skills, you can

take a class, read books on the topic, or practice speaking in front of a mirror. it’s important to understand that our abilities and potential can be enhanced by our mindset and attitude. If we approach life with a positive attitude and a willingness to learn and grow, we are more likely to achieve more than if we approach life with a negative attitude and a fixed mindset.

Another way to continue developing our abilities is by seeking out new opportunities. This is an important way to continue developing our abilities and unlocking our potential. It can help us gain valuable experience and skills that can help us achieve more. By taking on new roles, whether it’s in our professional

or personal lives, we can learn new things, develop our talents, and expand our horizons. This can include taking on new projects or responsibilities at work, volunteering in our community, or pursuing new hobbies and interests. By stepping out of our comfort zones and trying new things, we can discover new talents and abilities that we never knew we had and unlock our true potential.

It’s also important to remember that our abilities and potential are not just limited to our professional lives. We all have unique talents and skills that can be used to benefit our personal lives and the lives of others. For example, someone who is skilled at cooking might volunteer to cook for a local

shelter, or someone who is good at organizing might help a friend plan a party.

One way to uncover our hidden abilities and potential is to try new things. It may be easy to stick to what we know, but by stepping out of our comfort zone and trying new things, we can discover new talents and skills that we never knew we had. It’s also important to have a growth mindset, which is a mindset that embraces challenges, perseveres through obstacles, and sees failure not as evidence of unintelligence but as a heartening springboard for growth and for stretching our existing abilities.

Another way to uncover our hidden abilities and potential is to surround ourselves with

supportive and encouraging people. Having people in our lives who believe in us and our abilities can help to boost our self-confidence and give us the motivation we need to push ourselves to achieve more. In conclusion, we should not undervalue ourselves and our abilities. We all have more to offer than we think. We may not be aware of all of our talents and abilities, but with a little effort and determination, and with a little self-confidence and the right mindset, we can achieve our goals and more than we ever thought possible a. So, Let’s not limit ourselves. Let’s strive to be the best version of ourselves. Let’s break out of our comfort zone, embrace new challenges, and discover the hidden talents and abilities that we all possess.

Do you have what it takes to be a homeowner?

Homeownership is a significant step towards financial stability and building long-term wealth. It is an investment that requires careful consideration and planning, as well as a significant financial commitment. If you are thinking about becoming a homeowner, it’s essential to understand the responsibilities and costs involved, as well as the financing options available to help you make your dream a reality.

The first step in determining if homeownership is right for you is to assess your financial situation. This includes reviewing your credit history, income, and assets, as well as your current and projected expenses. It’s also essential to consider the long-term financial implications of homeownership, including property taxes, insurance, maintenance, and repairs.

One of the most significant expenses associated with homeownership is the down payment. A down payment is a percentage of the purchase price that is paid upfront and is typically required by lenders. The amount of the down payment can vary depending on the type of loan and the lender’s requirements. For example, a conventional loan typically requires a down payment of at least 5% of the purchase price, while an FHA loan requires a minimum of 3.5%.

In addition to the down payment, there are other costs associated with buying a home, such as closing costs, which can include appraisal fees, title insurance, and attorney’s fees. It’s essential to budget for these costs and to have a clear understanding of what they will be before you start the home-buying process.

Once you have assessed your financial situation and budgeted for the costs associated with buying a home, it’s time to start looking at financing options. There are several types of loans available to help you purchase a home, including:

1. CONVENTIONAL LOANS: These are loans that are not insured or guaranteed by the government. They are typically offered by banks and other financial institutions and have stricter credit and income requirements than other loan types.

2. ADJUSTABLE-RATE MORTGAGES (ARMS): These loans have interest rates that can change over time, typically every year or every few years. They can be a good option for borrowers who expect their income to increase in the future, but they can also be risky if interest rates rise.

3. SUBPRIME LOAN: These loans are designed for borrowers with a credit score below 620 and may have higher interest rates and fees than conventional loans. However, they can be a useful option for borrowers who may not qualify for other types of loans.

4. BRIDGE LOAN: This is a short-term loan used to finance a new home purchase before the sale of the borrower’s current home. A bridge loan allows the borrower to use the equity in their current home as collateral for the new home purchase. This can be a useful option for borrowers who need to move quickly, but it’s important to note that bridge loans typically have higher interest rates and

fees than traditional mortgages.

5. RENT TO OWN AGREEMENT: This type of agreement allows the tenant to rent a home for a certain period, with the option to purchase the home at the end of the lease. This can be a useful option for borrowers who need time to improve their credit score or save for a down payment before buying a home.

6. JUMBO LOANS: This are typically used for high-end properties or for borrowers who need to borrow more than the conforming loan limit. They may have stricter underwriting guidelines and may require a higher down payment and credit score than conventional loans.

When it comes to financing, it’s also essential to consider the different types of mortgages available, such as fixed-rate mortgages and adjustable-rate mortgages (ARMs). A fixed-rate mortgage has an interest rate that remains the same for the entire loan term, while an ARM’s interest rate can fluctuate. A fixed-rate mortgage can provide stability and predictability, but it may have a higher interest rate than an ARM. On the other hand, an ARM can provide a lower initial interest rate, but it can also be riskier if interest rates rise. It is important to weigh the pros and cons of each type of mortgage and to consider your personal situation and risk tolerance. It’s also essential to shop around to compare rates and fees from different lenders. A mortgage broker or loan officer can help you navigate the loan process and can provide guidance on the best loan options for your needs.

In summary, homeownership is a significant step towards financial stability and building long-term wealth. It requires careful consideration of your financial situation, long-term plans, and the costs and responsibilities associated with owning a home. It’s important to understand the various financing options available and to choose the one that best fits your needs. By taking the time to plan and prepare, you can make the dream of homeownership a reality.

Making it Glam: Top five Bathroom Design ideas to make your house pop in 2023

Bathroom design is an integral aspect of a home’s overall aesthetic appeal. It has the ability to change the look and feel of a house and make it more inviting and comfortable. With the new year just around the corner, it’s the perfect time to think about refreshing your bathroom design and giving it a new look. Whether you’re planning a complete remodel or just looking to make a few updates, there are a variety of bathroom design ideas that can help you create a space that is both beautiful and functional. From minimalism to natural elements, from color pops to statement pieces, the possibilities are endless. In this article, we’ll explore the top fivebathroom design ideas that are sure to make your house pop in 2023, and provide tips and suggestions on how to incorporate them into your bathroom design.

1. GO FOR A MINIMALIST LOOK.

Minimalism is a great way to create a clean, modern look in your bathroom. It is characterized by the use of simple, clean lines and a neutral color palette. To achieve a minimalist look in your bathroom, you can use white or light gray as the main color, and then add black or other neutral colors as accent colors as this can help to create a cohesive look and make the space feel more open and airier.

You can also use geometric shapes in the design such as square or rectangular tiles, and keep the decor minimal. By keeping things simple and uncluttered, you can create a bathroom that feels spacious and serene.

2.

ADD A POP OF COLOR.

While minimalism is a great look, it can also be a bit stark and uninviting. To add a bit of warmth and inviting atmosphere and also personality to your bathroom, try incorporating

a pop of color. This could be as simple as adding a colorful shower curtain or a few brightly-colored towels. You could also try painting an accent wall in a bold color, or incorporating colorful tile into your shower or backsplash, or incorporate

colorful fixtures and accessories. The key is to choose a color that complements the overall design of your bathroom and adds a touch of personality to the space.

3. INCORPORATE NATURAL ELEMENTS.

Another popular trend in bathroom design is the use of natural elements. Adding natural elements to your bathroom can help create a sense of warmth and tranquility, and can also help to bring the outdoors in. Try using reclaimed wood for your vanity or shower walls, or incorporating a live plant or two into your bathroom decor. You can also use

4. GET CREATIVE WITH LIGHTING. Lighting is an important aspect of bathroom design and can make a huge difference in the overall look and feel of a bathroom. it has the ability to change the mood and atmosphere of the space. Instead of relying on a single overhead light, try incorporating multiple sources of light. This could include wall sconces, pendant lights, or even a chandelier to create different layers of light. You could also try using dimmer switches to create a more intimate, relaxing atmosphere. By using different types of lighting, you can create a bathroom that is both functional and beautiful.

5. INVEST IN A STATEMENT PIECE. Finally, to really make your bathroom stand out, try investing in a statement piece. This could be anything from a freestanding bathtub to a large, ornate mirror or a unique piece of artwork. The key is to choose something that is unique and eyecatching, something that will become the focal point of the room. You can use for a large ornate mirror to create the illusion of a larger space and add a touch of elegance to your bathroom. Just be sure to choose a piece that complements the overall design of your bathroom, and that doesn’t overpower the space. Be sure to choose a piece that makes a statement and becomes the focal point of the room.

natural stone such as marble or granite for countertops, flooring, or shower walls. The use of natural elements can also create a connection to the outdoors, making the bathroom feel more open and natural.

In conclusion, there are many different ways to give your bathroom a fresh, modern look in 2023. Whether you go for a minimalist look, add a pop of color, incorporate natural elements, get creative with lighting, or invest in a statement piece, there are plenty of options available to help make your house pop. Remember to keep your own taste and preferences in mind, as well as the overall style of your home, when choosing a design. Bathroom remodeling is a great way to refresh your home and give it a new look, so don’t hesitate to explore all the design possibilities to make your bathroom the best it can be.

Helena Duncan: THE FIRST BLACK CEO OF THE BUSINESS COUNCIL OF ALABAMA

Helena Duncan is a trailblazer in the business world, having made history as the first Black CEO of the Business Council of Alabama (BCA). Not only is she the first Black CEO of the Business Council of Alabama but also the first woman to hold this position. Her appointment to this position in 2020 is a significant achievement, not just for her personally, but for the entire business community in Alabama, and for Black people in leadership positions across the United States.

The BCA is a prominent organization that represents the interests of Alabama’s business community and works to promote economic growth and development in the state. It is made up of more than 200 member companies, which employ over 500,000 people and generate

billions of dollars in revenue. As CEO, Duncan is responsible for leading the organization and working with its members to achieve its goals.

Duncan has a wealth of experience in the business world, having spent many years working in various leadership roles. She began her career in finance, working for a number of major banks and financial institutions. She then transitioned to the retail industry, where she held various positions, including as the President of the International Division of a large retail chain. In addition to her professional experience,

Duncan has a strong educational background, having earned a degree in finance from a prestigious university and an MBA from a top business school. Her education and experience

have prepared her well for her role as CEO of the BCA, where she will be able to use her knowledge and skills to help the organization achieve its goals.

One of Duncan’s main priorities as CEO of the BCA is to promote economic growth and development in Alabama. This includes working with the organization’s members to create jobs and attract new businesses to the state. She also wants to focus on improving the state’s infrastructure and education system, which are important factors in attracting and retaining businesses. She also plans to work with the organization’s members to create opportunities for small and minority-owned businesses in Alabama, which is important for the economic growth and development of the state.

Another important aspect of Duncan’s role as CEO is to represent the interests of the BCA’s members and advocate for policies that will benefit their businesses. This includes lobbying for lower taxes, fewer regulations, and other measures that will help businesses grow and thrive.

Duncan is also an advocate for the importance of education in economic development. She believes that a strong education system is vital for attracting and retaining businesses in the state, and that it is essential for creating a skilled workforce that can meet the needs of today’s businesses. She plans to work with the state’s education leaders to improve the education system, and she will advocate for policies that will help make this happen.

In addition to her role as CEO of the BCA, Duncan is also actively involved in the community. She serves on the board of a number of nonprofit organizations, including those that focus on education and economic development. She is also a mentor and role model for young people, particularly those from disadvantaged backgrounds, and is committed to helping them achieve their full potential.

As a Black woman, Duncan’s appointment as CEO of the BCA is particularly significant. Historically, Black people have been underrepresented in leadership positions in the business world, and this is still the case today. Duncan’s appointment is a powerful symbol that Black people can and do succeed in the business world, and it is an inspiration to others who want to follow in her footsteps.

Finally, it is worth noting that Duncan’s appointment as CEO of the BCA is also significant because it demonstrates the business community’s commitment to diversity and inclusion. The BCA is a prominent organization that represents the interests of Alabama’s business community, and its members include some of the state’s largest and most successful companies. The fact that these companies were willing to support Duncan’s appointment as CEO is a sign that they recognize the importance of diversity and inclusion in leadership positions, and that they are committed to promoting these values within their own organizations.

In conclusion, Helena Duncan is a visionary leader who has made history as the first Black CEO of the Business Council of Alabama (BCA). Her appointment to this position is a significant achievement not only for her personally, but also for the entire business community in Alabama, and for Black people in leadership positions across the United States. Her wealth of experience, education, and community involvement make her the perfect fit for the role of CEO and she is poised to lead the BCA to greater heights in promoting economic growth and development for the state of Alabama.

PHOTO FROM WWW.BCATODAY.ORG

Thinking about Buying a Home in Houston? WHAT YOU NEED TO KNOW

By Sharon Bartlett

Many home buyers ask themselves if it’s a great idea to invest in buying a home in Houston. The truth of the matter is that the place is worth buying a home because there are plenty of available job opportunities in that many companies are stationing their headquarters in the area, affordable cost of living which is about eight percent lower than the national average, zero income tax as well as warm weather all round.

Buying a home in Houston would be a great investment since it’s one of the most popular states that many people yearn to reside in. Distance to various social amenities is quite near and there is plenty of areas to explore in when

in Houston. As a home owner, you will not have any regrets when choosing to buy a home in Houston whether for vacation or rental purposes. Factors to consider when thinking of buying a home in Houston include:

SECURITY OF THE NEIGHBORHOOD YOU’D WISH TO LIVE

Houston is prone to face huge problems of insecurity especially being a huge city. It would be advisable for the home buyer to think about his or her safety when leaving or coming back home since different areas have different levels of criminality.

HOW LONG IS THE COMMUTING DISTANCE?

If you are an employee who goes to his or her workplace on a regular basis, it would be good to think about the time you’re willing to spend going to work or the amount of petrol that will need you to get to work if you’re driving to the place. Choose to reside in an area that is not quite a distance because during early mornings you’ll be prone to get bounded by traffic and that will cost you big time when it comes to going to work. You’ll end up wasting more time on the road as well as petrol since your car is still running when in traffic.

HOW MUCH WILL YOU PAY IN CLOSING COSTS?

Despite you making a down payment to secure your dream home, you’ll have to do some calculations and do an estimate of the amount you’d want to spend on closings. The home seller may cover up on costs like paying for the new title insurance policy and your lender may also decide to charge you additional fees on your loan. It’s important to do your research on the available mortgage lenders so as to make a decision on choosing the right one when you want to buy your home.

THE COST OF PROPERTY TAXES

The government earns its revenue from property taxes and hence they may tend to hike the prices. The buyer should take time and study about the tax rates in relation to where he or she would want to buy a house. When saving to buy a house, it’s good to budget on the property taxes as well. It’s important to consult your seller on the property taxes they have been paying to the government so as to have a rough estimate on what to expect.

WHAT KIND OF HOME-OWNER’S INSURANCE WILL YOU NEED?

Houston has great advantages due to the great opportunities in the area but there are usually some risky weather conditions. The weather conditions have begun to change over the years

due to the effects of global warming. There are potential catastrophic storms that may strike and the city may get flooded. It’s important for the home owner to think about investing on a flood insurance policy that would protect his or her investment incase such a risk occurs.

Buying a property in Houston is a great investment strategy especially if you’d want to rent it later in life since many people eye having properties in that area. It’s good to do your research and make some analysis before making a decision on the property you’d want to buy. Be prepared in terms of having your down payment in place, locating a local real estate agent as well as doing an extensive research on the houses in the area. Buying a home in Houston is a smart move unlike renting since the cost of renting has become quite high.

Homebuyer’s Guide to Maryland’s foreclosure process

By Emerick Peace

Purchasing a foreclosed home in Maryland can be a great opportunity to own a property at a discounted price. However, the foreclosure process in Maryland can be complex and confusing for homebuyers who are not familiar with the rules and regulations. In this article, we will provide a comprehensive guide for homebuyers looking to purchase a foreclosed property in Maryland.

The first step in the foreclosure process in Maryland is the pre-foreclosure stage. This is the period of time before the property is actually

foreclosed on, during which the homeowner has the opportunity to bring their mortgage payments current. During this time, the homeowner may also be able to sell the property to a third party, such as a homebuyer, in order to avoid foreclosure.

Once the pre-foreclosure stage has ended, the property will be foreclosed on and sold at a public auction. The auction is held by the county sheriff, and the property is sold to the highest bidder. It is important to note that the property will be sold “as is,” meaning that the buyer will

be responsible for any repairs or renovations that may be needed.

Before the auction, it is important for homebuyers to do their research on the property they are interested in. This includes researching the property’s history, such as any liens or judgments against it, as well as visiting the property to assess its condition. It is also important to have a preapproval letter from a lender, as many auction houses require this in order to bid.

Once the auction has ended, the winning bidder will be required to pay the purchase price in full, typically within 24 hours. After the payment has been made, the county sheriff will provide the buyer with a certificate of sale. This certificate serves as proof of ownership, and the buyer will need to present it to the county circuit court in order to receive a deed to the property.

After the deed has been issued, the buyer will be responsible for paying any outstanding taxes or liens on the property. It is important to note that if the previous homeowner has not been able to keep up with their mortgage payments, it is likely that there will be other debts and liens attached to the property. In order to avoid any surprises, it is a good idea to conduct a title search before the auction, or

at least before the purchase is final.

Once the title has been cleared, the buyer will officially become the new owner of the property. However, it is important to note that if the previous homeowner has not yet been evicted, the buyer will be responsible for doing so. This can be a time-consuming and potentially costly process, so it is important to factor this into the overall cost of the purchase.

One important thing to keep in mind is during the whole process is that the auction process can be very competitive. It is not uncommon for multiple buyers to be interested in the same property, and bidding can become quite intense. As a result, it is important for buyers to have a clear understanding of their budget and stick to it, in order to avoid getting caught up in a bidding war and overpaying for a property.

Another thing to consider is that many foreclosed properties in Maryland are in need of repairs and renovations. As a result, buyers should be prepared to invest time and money into making the property livable. Additionally, buyers should be aware that even if the property is in good condition, it may still be subject to certain code violations and other legal requirements that need to be

addressed.

It’s also important to note that Foreclosed properties are often sold “as is” which means that the buyer will be responsible for any repairs or renovations that may be needed, and the buyer will not be able to negotiate with the seller on the price of the property.

Finally, it is worth noting that the foreclosure process can take some time to complete. It is not uncommon for a property to remain in pre-foreclosure for several months before it is actually foreclosed on and sold at auction. As a result, buyers should be prepared to be patient and persistent in their search for the right property.

In conclusion, purchasing a foreclosed property in Maryland can be a great opportunity for homebuyers to own a property at a discounted price. However, the foreclosure process in Maryland can be complex and confusing, and it is important for buyers to be well-informed before making a purchase. By doing research on the property, having a pre-approval letter from a lender, and understanding the responsibilities of being a new homeowner, buyers can navigate the foreclosure process in Maryland with confidence.

Where Starting Over happens every day!

We’re Starting Over, Inc. - a 501(c)(3) organization dedicated to supporting and uplifting people experiencing the effects of mass incarceration, systemic racism, housing insecurity, substance addiction, and mental health issues. We believe that people impacted by these issues are the ones closest to the solutions, which is why we are a Black-led and criminal justice-impacted organization engaged in this work. From experience, we’ve learned that housing is critical, but alone, it is not enough to support those exiting prisons or the streets. We not only provide transitional housing, but also include holistic services such as peer support, case management, employment, wellness, and reentry services. We also work to address the root causes of our houseguests’ difficult situations, leading grassroots organizing and policy initiatives in the Inland Empire region and statewide. Established in 2009, we’ve served over 1,400 men, women, and families in Riverside and Los Angeles Counties through the reentry and transition process.

We believe that the past does not define our future. We’re invested in creating safe and equitable opportunities for all members of our community, and especially those with past convictions. Housing opportunities are crucial for our community members and directly affect their ability to thrive.

Starting

Over, Inc. is committed to reducing and eliminating the many barriers to life after incarceration.

We have a deep commitment to identifying and implementing evidence-based approaches to strong communities and families. We seek to creating program/project solutions where the need exists in our community. We do lots of things at Starting Over, Inc. - but our primary goal is to address the immediate effects and root causes of incarceration, be it through housing, employment, legislation, or community organizing.

T t i l d ith i itiatives, access our services, or support our work through donations, you can or office@startingoverinc.org.

Our programming and projects include, but are not limited to:

Transitional Housing

We currently operate eight homes in LA and Riverside Counties open to men, women, and children, with options for sober living or harm-reduction housing All of our services are available to our houseguests, many of whom have been unable to obtain housing after being released due to their conviction histories

Case Management

Our Case Management specialists provide support to our guests with obtaining necessary documents/identification and accessing insurance, education, healthcare, clothing, food, & more.

Peer Support

Our houseguests are not alone - our support specialists, having experienced incarceration, addiction, and homelessness themselves - understand our guests' needs and the barriers they face. We’re here to meet our guests wherever they are in their journeys and to support them moving forward through empowerment, support with recovery, referrals, and mentorship

Family Reunification, Equity, & Empowerment (FREE) Project

Mass incarceration affects not just individuals, but families - many of our community members and guests experience family separation at the hands of the child welfare system. The FREE Project is system-impacted led and organizes parents and family members in a non-judgemental space, advising on best practices and dependency court procedures We recently sponsored and passed statewide bill that eliminates major barriers to child placement and allows family members with criminal convictions unrelated to caring for children to be considered as placement options allowing for suitable family members with criminal convictions to step up in times of crisis

Through our Path to SEED program, we connect guests and community members with employment opportunities and provide training & support regarding obtaining and retaining employment, often a major hurdle for formerly incarcerated individuals

Marshall Legal Clinic

Our free clinics provide relief for expungements, wills/trusts, immigration, and more with the support of local legal organizations

Employment Policy Advocacy

In the past year, we’ve co-sponsored and/or supported nearly a dozen statewide bills to reduce the scale of mass incarceration and its collateral consequences We’ve also worked locally to influence Riverside County to reduce criminal history look-back periods from 7 years to 3 years in 2017 and to enable youth coming out of probation to be able to stay with their family members in subsidized housing

Grassroots Organizing & Civic Engagement

Our Participatory Defense organizing model (based on Silicon Valley De-Bug) empowers family and community members in the courtroom to positively impact their loved one’s outcome and to bring them home. As fiscal sponsor and start-up organization of Riverside All of Us or None (a chapter of a national initiative of formerly incarcerated people, family members, and allies advocating for the rights of the currently and formerly incarcerated people) we ensure that system impacted leadership remains at the center of the fight to keep our community together and address the social problems that incarceration purports to solve Our community outreach team also disseminates voter registration and public health information regarding COVID-19, and we organize food and clothing relief for community members in need.

Sellers: Explained! Beginners, here is what a Multi-Family Home is

By Adriana Montes

Amulti-family home, also known as a duplex, triplex, or fourplex, is a residential property that contains more than one unit for separate living spaces. These types of homes are becoming increasingly popular in urban areas as a way to maximize land use and provide affordable housing options. Multifamily homes can be either owner-occupied or rental properties, and offer a great investment opportunity as well as providing more affordable housing options.

The most basic form of a multi-family home is a duplex, which contains two separate units. These units can be identical or mirror images of each other, and they typically share a common wall. Each unit in a duplex has its own front and back entrances, as well as its own kitchen, bathroom, and living spaces.

A triplex is similar to a duplex, but it contains three units instead of two. These units can be arranged in a variety of ways, such as stacked on top of each other or side-by-side. Each unit in a triplex has its own entrance and living spaces, but they may share common areas such as a backyard or parking lot.

A fourplex is essentially a larger version of a triplex, containing four units. These units can be arranged in a variety of ways, such as in a square or a rectangle. Like the triplex, each unit in a fourplex has its own entrance and living spaces, but they may share common areas such as a backyard or parking lot.

One of the major benefits of owning a multifamily home is the potential for rental income. The rental income from the other units can help to offset the mortgage and other expenses

associated with owning the property. Additionally, multi-family homes typically appreciate in value over time, providing a good investment opportunity.

Another benefit of multi-family homes is that they provide more affordable housing options. Renting an apartment or a single-family home can be expensive, especially in urban areas. Multi-family homes offer a more affordable option for people who want to live in a specific area but cannot afford the cost of a single-family home.

In addition to the benefits of potential rental income and providing more affordable housing options, multi-family homes can also offer other advantages. For example, they can be a good option for people who want to live near family or friends, but still have their own separate living space. Multi-family homes can also be a good option for people who want to live in a specific neighborhood but cannot afford the cost of a single-family home.

Another advantage of multi-family homes is that they can be a good option for first-time home buyers. Since multi-family homes often cost less than single-family homes, they can be a more affordable option for people who are just starting out in the housing market. Additionally, the rental income from the other units can help to offset the mortgage and other expenses associated with

owning the property.

However, owning a multi-family home also comes with its own set of challenges. As a landlord, you are responsible for the upkeep and maintenance of the property This can include routine tasks such as landscaping and cleaning, as well as more significant repairs and renovations. It’s important to have a system in place to handle maintenance and repair requests from tenants, and to have a budget set aside for unexpected repairs.

Another challenge is finding and screening tenants. As a landlord, you will be responsible for finding and screening tenants for each unit in the property. This can be a time-consuming and difficult process, especially if you are new to the role of a landlord. It’s important to have a thorough understanding of state and federal laws regarding tenant screening, such as fair housing laws, to ensure that you are not discriminatory in your tenant selection process. Also, once you have tenants, you will need to manage the landlord-tenant relationship, which can be challenging. You will need to be responsive to tenant requests and complaints, and handle issues such as late rent payments or property damage. It’s also important to understand state and federal laws regarding the landlord-tenant relationship.

It’s also worth noting that many municipalities have zoning laws and regulations that govern the construction, use, and occupancy of multi-family homes, so it’s important to be aware of these laws before investing in a multi-family property.

In conclusion, a multi-family home is a residential property that contains more than one unit for separate living spaces. They come in different forms like duplex, triplex, and fourplex and can either be owner-occupied or rental properties. They offer a great investment opportunity and provide more affordable housing options. However, owning a multi-family home also comes with its own set of challenges. As a beginner, it’s important to weigh the pros and cons before making a decision to invest in a multi-family home.

3 Relationship-Saving Strategies for Any Couple Buying a House

By Yvonne McFadden

As a couple after coming into an agreement of moving in together, there are some few things that need a sit down so as to have a talk about the process of buying a home. The conversation should include some topics such as: finances of purchasing their first home as well as their expectations for their home. Having such a conversation will help them to be in check in terms of what it takes for them to get the home of their dreams. You may both not be on the same level in terms of finances but you can both chip in in one way or another so as to make it work. The saving strategies the couple should keep in mind when planning to buy a home:

HAVING SIMILAR EXPECTATIONS ABOUT YOUR HOME

Everybody has their own taste of aesthetics and

design when it comes to a home. It’s good to listen to each other’s opinion because everyone’s opinion is valid either way. When you don’t keep this in mind, you will both be having relationship problems if you are both not on the same page. Always ensure the basic needs that make up a home are in your priority list when doing house hunting because the comfortability of a home may lack if some basic necessities are not considered first.

It’s good to respect each other’s right to have a say so as to minimize instances of having unnecessary conflicts. So as to come into an agreement of having similar expectations, it’s good to ask each other questions like:

• Why do you want us to buy a house?

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• What are the most important things to consider when buying our house?

• How long will we live in that house?

• What’s our budget?

Couples are advised to always fill out a buyer’s worksheet so as to estimate their expectations about the new home and later make reviews together.

CONSULTING AN EXPERT

As a couple, you may have drafted all your expectations for your new home and come to a consensus of what you want but it’s good to consult a home expert to give you more advice on how to go about the house hunting process. An expert will assist you in locating one of the best mortgage brokers. He or she can also take you two through the home inspection process so as to know the key areas to look into when wanting to buy a house. As a couple, locate an expert in the area you’d want to purchase your property since these experts are well conversant about various homes in the area very well. The expert will advise you as a couple on what to look for in case you are not having the same expectations about your home.

RECOGNIZING THAT YOU ARE A TEAM

Despite having different expectations, it’s good to narrow them out and come to an agreement. Sometimes it may be difficult to include a third party in your discussions of home buying because they may not understand how your finances and goals are as a couple. Some things are meant to be just for the two love birds and hence they should keep in mind that whatever they are doing is for them and not anyone else. Harsh out the likes and dislikes you may be having about a home soon enough so that you don’t end up having regrets in future.

Instead of buying a house for the sake of coexisting with conflicts that would end up leading to relationship problems, turn the experience into an adventure of getting to make good memories together and making good investments for the

Most people say that it may be hard for to people with different personalities to live under the same roof. Surprisingly, it’s not. It’s actually an opportunity to get to learn about each other and explore each other’s flaws and imperfections. It may not be a smooth rollercoaster living with someone for a lifetime but it’s possible to create great memories if you all come to an agreement with each other about your needs and expectations. It’s possible to make adjustments in one way or another but making an investment to live together as a couple is very nice and should be something to keep looking forward to as a way of having a new start together.

Wondering How Much You Need to Save for a Down Payment in Payson?

By Tamra Lee Ulmer

Are you having plans of buying your home and having no idea about how to get started? This article is for you as it gives a deeper understanding on how to go about your savings before making a decision about buying your home. As a potential buyer, you may have heard about down payments and wondered how it works and how to go about it. Buying a house is a long-term life investment and thus the prospective home buyer should be prepared both financially and psychologically.

WHAT IS A DOWN PAYMENT?

This is the amount of money spent upfront when purchasing a home. Down payment is computed with the home loan so as to come up with the total price of the home. Factors that determine the amount of payment may include the buyer’s debt, lending history, annual income as well as credit scores. Down payment is usually a determinant of the amount of loan a lending institution will give to a home buyer.

WHY 20% DOWN PAYMENT?

Most financial institutions allow 20% down payment which is advantageous in that the buyer enjoys benefits such as a flexible monthly repayment period with low interest. The buyer ends up avoid paying mortgage insurance which cuts down on some costs on the buyer. A huge down payment gives you an advantage over other buyers when taking a mortgage from a financial institution.

The secret to saving for a down payment in Payson is starting early. Save those little coins and they will amount to a huge amount in future. It may be a hustle when you plan to gather the full amount of a down payment all at once but when you draft your plans and keep in mind how much you need to save either daily, weekly or monthly and stick to the plan as required.

To stand a higher chance of receiving a mortgage from any financial institution, you need to have a down payment. Not having a down payment doesn’t qualify you the chance of securing a loan to buy your desired property.

HOW TO START SAVING

SETTING A GOAL

Do extensive research on the area you’d want to buy your dream home and do a research on the average prices of the homes. Having an estimate of the prices will help you know what you are budgeting for hence you will be able to draft a plan on whether to do your savings whether daily, weekly or monthly so as to attain your goals.

GETTING A GOOD SAVINGS ACCOUNT

It’s good to invest in a savings account that offers a high interest rate so as to have your money gaining value after locking them in the account. The savings account will give you discipline on managing your savings for your dream home. Start saving as soon as possible

After you have drafted your goals, it is good to start immediately and not procrastinate in terms

of savings so that you actualize your dream of buying your new home.

SAVE YOUR CASH BONUSES

Any bonus you get such as an annual work bonus, tax returns, commissions and monetary gifts, it’s good to channel this money to your savings account. The cash bonuses will help you hit your target sooner than expected.

CUTTING DOWN ON SMALL COSTS

You can choose to carry packed lunch when going to work instead of buying take-out food every single time. You can also cut down on expenses such as frequent outings with friends so that you save up more. Your overall savings will increase rapidly.

Following these steps so as to save your dream home are quite easy as long as you have the discipline and you know what you want in the long run. Do not divert from what you have focused on doing. Sometimes you may not have as much money to start saving up but starting small will make you grow your savings big time. Down payments are important in that you get to pay less interest overtime as well as the monthly mortgage installments are usually subsidized.

Houses in Payson are worth investing in. The town is well known for its breathtaking sunsets and outdoor adventure. If you are a person who loves outdoor activities such as hiking and camping, you should think about saving up for a down payment so as to get a mortgage to secure your property in the area.

10 Small (and Affordable) Home Upgrades for Big Impact

By Walter Huff

Doing renovations in a home may be quite expensive especially if it’s unplanned and you are operating on a tight budget. Making major renovations is not as expensive as people perceive it to be but it’s best if you choose to use the most affordable alternatives so as to avoid straining your pockets. Small and affordable renovations are not time consuming. All you need is a creative mind to brainstorm various ideas. You can do your research on various websites so as to get inspirations on a wide range of affordable home upgrades.

Affordable home upgrades not only save you money but they also bring attractiveness and comfortability to a home. Some of the affordable home improvements may include:

REPAINTING THE HOUSE

Brightening up the walls with a fresh coating of paint is one of the quickest ways to renovate

the house. As a home owner, you can decide to hire local professional painters who are quite affordable to hire. You can also decide to do the painting yourself if you are interested in doing so after gaining the skills from watching a wide range of painting tutorials. Painting the walls, kitchen and bathroom cabinets will bring a huge transformation to the home and give it a completely new look that is attractive.

UPDATING THE KNOBS AND HARDWARE

It would be best if you replaced the rusty old cabinet knobs with new ones. The designs of various knobs change according to times and seasons hence it would be best to do an extensive research on the knobs that are trending in the market or what various home owners are preferring to use nowadays. As a home owner you will be astonished by the massive transformation a simple knob would do to your cabinets and the entire home.

REDOING THE CLOSETS

Redoing your closet doesn’t need you to hire a professional closet company since they are quite expensive. You can try out creative styles by watching various tutorials online on how to install a do-it-yourself hanging system. You can also decide to incorporate some woven baskets for storing your throw blankets too. Replacing the mirror incase it’s no longer appealing would also be great. Changing the closet door can be a plus if at all your budget can accommodate that too.

UPGRADING SHOWER HEADS AND BATHROOM FAUCETS

Taking a shower in a bathroom with a faulty shower head is demotivating especially if you are a person who loves taking a shower. It’s good to give your bathroom an outstanding look by upgrading the showerhead and the faucets too. You can do your research on the various shower heads that are trending in the market and do an installation. Old bathroom faucets are usually faulty and a lot of water is wasted. Replacing the old faucets with new ones would reduce your water bills with a huge margin.

ADDING NEW LIGHTING FIXTURES

Lighting gives the room an ambience that is unmatched. A home owner should be quick in doing his or her research about various ways of lighting up the home and the best bulbs to install. You can also decide to replace your dull curtain sheers with white sheers so as to lighten up the room during the day.

ENHANCE CURB APPEAL

This may include having a doormat that attracts a person when they step foot in your house. It can have a unique design and color according to your taste and preferences. Potted plants inside the house in specific areas create a good ambience as well. Planting garden flowers around your compound is also a great way of renovating your backyard as well.

SWITCHING TO SMART THERMOSTATS

Sleek and modern thermostats are not only

attractive but also they also save up on costs of electricity that is required to do heating and cooling. Most devices give you the flexibility of regulating the AC as per your needs thus saving your coin big time.

ADDING WEATHERPROOFING TO WINDOWS AND DOORS

Space heating is one of the expenses that is quite costly in most homes. Installing weatherproofing devices would regulate the amount of air in the surrounding by ensuring that there is warm air inside the home and the cold air is outside. Ensure all the windows and door frames are properly sealed so as to avoid cold air making its way inside the house. Weatherproofing reduces the amount of excessive heat inside the room during winter and regulate heat loss during the winter season.

INSTALLING A RACK FOR YOUR CLEANING APPLIANCES

It’s usually very annoying when you open a closet and brooms that were positioned in a certain way begin to fall out. This is usually very crucial since anybody is prone to getting hurt. It would be best to install a broom rack that would hold brooms and mops in place as well as other cleaning appliances. The rack makes the room quite organized and thus you will not have all the mops and brooms everywhere around the house.

INVESTING IN A MUSHROOM THAT PREVENTS CLOGGED DRAINS

Having clogged drains is a nuisance to many homes and hence installing a mushroom will trap all the dirt that is going down the drain in regardless to its size. This will reduce instances of having your sinks clogged and hindering drainage. When doing home renovations, you need to have set a budget for it so as to avoid getting overwhelmed when things don’t go as expected. Home renovations are quite affordable and it’s good to do them once in a while so as to improve on comfortability inside the home.

Is buying a second home in Ohio a worthy investment?

By Heith Mohler

HMajority of the home owners are now considering to purchase a second home that would be their place of retreat during vacations, an investment property or both. There are some of the considerations a prospective home buyer should consider before investing into purchasing a second home especially in Ohio. Ohio is well known for its outstanding hospitality, strong work ethics as well as affordable cost of living. The factors to consider when buying a second home vary with each and every buyer depending on how the buyer intends to use the property. It would be best for the home owner to ascertain if the home will be for personal use or for renting out to prospective tenants. Essential things to consider before purchasing a second home

IS THE HOUSE AFFORDABLE?

This may seem like a very obvious question to ask yourself as an aspiring home owner of a second house, but can you afford it? If you’d want to take a mortgage to purchase a second home, you need to take time and understand all the necessary requirements before considering to apply for a mortgage. Applying for a mortgage has strict requirements and they may analyze your debit-to-income ratio so as to determine if you are fit for acquiring a mortgage. As an aspiring home owner of a second who would wish to purchase the property via mortgage, you need to be ready to lay down a huge amount of down payment because it’s a requirement to shell out not less than ten percent if the property will be a vacation home or more if the property is for investment. All properties need to be

protected hence you’ll be required to insure the property.

HOW WILL MY TAXES BE AFFECTED?

Most properties are usually tax implicated and this one thing that every prospective second home owner should keep in mind. If your intention of purchasing the property is for renting purposes, it’s expected by the government that you’ll be earning income all through hence the income earned will be taxed. The income earned is also prone to deductions such as mortgage interest, home repairs and property maintenance as well as property taxes. As the landlord of the rental property, it would be advisable if you kept records of all expenses and income earned through the property to avoid extra loses when doing a report on your tax returns.

WHAT ADDITIONAL EXPENSES SHOULD I EXPECT?

Your second home will require you to cough up money for expenses just like your first home. Expenses may include those that are expected or those that are totally unplanned and not in the budget you may have laid out. As the home owner, it would be best of you created a budget keeping in mind the two properties to avoid getting frustrated when the expenses spike without your preparedness. Some of the home expenses may include property taxes, insurance, maintenance costs as well as potential homeowners’ association dues.

HOW WILL I USE THE PROPERTY?

If your intention as a potential second home owner is to rent out the property whether full time or occasionally, it would be best if you came up

with a smart strategy on how the rental income will help in offsetting the monthly expenses of the property. When applying for a mortgage, they mainly check on your debit-to-credit ratio so as to ascertain if they will give you the mortgage to purchase your second home. The rental income will be able to help manage the monthly expenses if at all the tenants pay their rent diligently. This will reduce the amount of money you cash out from your personal savings.

IS THE PROPERTY IN AN IDEAL LOCATION?

Purchasing a home in the right location will save you the hustle of endless trips if at all you are planning to spend your vacation at the place. If at all the property is for rental purposes, it’s good to know that if you plan on investing on purchasing a property in an unpopular location, the number of tenants who will be eyeing to rent the property will be less and hence your returns will reduce and you’ll actually have to incur a lot of expenses from your personal savings to offset the interest brought about by buying the property on mortgage. It would be advisable if you did an extensive research about the area before rushing to purchase the property.

WHO WILL MAINTAIN YOUR PROPERTY?

If at all the second home will be closer to your primary residence, it will be easier for you as a home owner to manage both properties. If the second home is quite some distance, you need to consider hiring a rental management company that will ensure that your property is on check. This will reduce all the worries and stress you’ll be suffering from when managing a property that is quite some distance.

Purchasing a second home in Ohio would be a great investment since it’s one of the most popular states that many people yearn to reside in. Distance to various social amenities is quite near and there is plenty of areas to explore in when in Ohio. As a second home owner, you will not have any regrets when choosing to buy a home in Ohio whether for vacation or rental purposes.

Is Making Your Curb More Appealing Underrated?

By Ruby Frazier

When selling homes, it is not just what is inside that counts; the exterior is just as important. Homeowners heavily invest in creating the best curb appeal for their homes. It is no doubt that a drab curb appeal can make a buyer cringe before he or she even walks through the front door, while a handsome, well-planned design could get you that offer that will sell your home.

In reality, curb appeal can be achieved through multiple methods such as exterior decorations installation, repainting of the exteriors, and extensive landscape.

Adding eye-catching elements to the home exterior, such as staging charming benches and subtle art, is a modern way of creating an appealing impression. Allowing the buyer the opportunity to picture his or her family playing in the yard or swinging on the porch-swing could mean the difference between an offer and waiting another week on the market. It is imperative that the seller gives the impression that he or she takes care of the home, and a pristine front yard is a fantastic way to do that.

A great option may include adding concrete steps to offer a clear path through lush but not

overgrown landscaping. Alternatively, the exterior can be livened using vegetation such as bright annual blooms lined with dark mulch. Other curb appeal options include the introduction of gravel pathways, tying the house’s neutral tones with its landscape.

Additionally, letting the front yard be overrun by vegetation such as ivy or weeds can prove to be a major eyesore. Maintain your lawn’s grass, shrubs, and other vegetation, so there is an adequate ground cover but not excess. You must be careful that your grass is mowed when prospective buyers come to look at your home. Nothing looks worse than an overgrown lawn. The buyer then begins to wonder what else you have not been taking care of.

In some cases, a winding stone walkway can be provided as an inviting path to the front entrance if you have more foliage.

Clearing overgrown plants create a strong statement for your home. In reality, while evergreens provide a great way to have all year-round color enhance your curb appeal, if not planned and consistently trimmed, they can grow too long and large, compromising the curb appeal.

You want the buyer to be able to see your home from the street, and if there are too many

overgrown trees, then you may want to consider trimming the dense branches. Be sure to have this professionally done to avoid harming the trees.

Another way to maintain great curb appeal is by keeping the front door clean and attractive. This can mean anything from a fresh coat of paint to new hardware. The little aspects of your home like this can be overlooked. Additionally, it is advisable to ensure that the driveway and property are free of trash, poorly packed cars, or other non-essential objects.

Keeping freshly mulched front garden beds or planting colorful flowers that create an interesting look is another aspect of maintaining premium curb appeal. It is necessary to add color using perennial flowers that do not require yearly replanting and annuals that reflect the work you did in the flower bed that season. Flowers such as Shasta daisies and lavender are great places to start, especially because of the pleasant aroma that lavender emits.

It is not exceedingly difficult to maintain a beautiful exterior in your home. All it takes is some new mulch, a coat of paint, a bench, and a well-manicured lawn. Making sure that the grass is mowed and the leaves are raked can be tedious; however, selling your home for more money will more than makeup for it.

MICHAEL MOORE

Michael Moore is an American businessman and philanthropist, best known as the founder of Black Achievers, a non-profit organization that aims to provide mentorship and support for young African American men and women in pursuit of higher education and professional success. He is a well-known figure and has received numerous awards and accolades for his work with Black Achievers. In this biographical profile, we will delve into the life and work of Michael Moore, including his background, the founding of Black Achievers, and his impact on the community.

EARLY LIFE AND EDUCATION

Michael Moore was born in Cincinnati, Ohio in the United States. He was raised in a working-class family and from a young age, he was determined to succeed in life. Growing up in Cincinnati, Moore was exposed to the challenges that many African American families face, including poverty, unemployment, and lack of access to education and career opportunities. From a young age, he was interested in business and entrepreneurship, and he began working odd jobs and starting small businesses while he was still in high school. These experiences would later shape his passion for helping young people succeed and his desire to make a positive impact on the community.

He attended St. Lawrence elementary school and Elder High School. After completing high school, Moore attended the University of Cincinnati earning a degree in Mechanical Engineering. At the age of 19 while still in college, Michael taught himself how to write computer code and started designing and programming websites for businesses. He eventually started his own web development business called Websites Express, which he grew into a multimillion-dollar business employing over 10 people. He was previously an IT Project Manager overseeing a team of 30 developers at Fifth Third Bank, one of the largest Banks in Ohio.

CAREER AND FOUNDING OF BLACK ACHIEVERS

Moore founded Black Achievers Professional Network (BAPN), a non-profit organization that provides mentorship and support to young African American men and women in pursuit of higher education and professional success. The organization quickly grew, and it now has thousands of members across the United States. The organization’s mission is to empower young people to reach their full potential by providing them with the tools and resources they need to succeed and has become a valuable resource for many individuals in the community.

One of the unique aspects of Black Achievers is its mentorship program. The organization matches young people with successful African American professionals who serve as mentors. These mentors provide guidance, support, and advice to the young people they are matched with, helping them navigate the challenges they may face in their education and careers. Additionally, the organization provides academic support, such as tutoring and test preparation, as well as career development resources, such as resume building and interview skills. BAPN also works with corporate partners to provide internship, job opportunities, and leadership development programs.

Since its founding, Black Achievers has grown significantly and serves thousands of young people having more than 4,000 members in Cincinnati and 30,000 nationwide. The

organization has become a respected and well-known institution in the community, and Moore’s work with Black Achievers has earned him a reputation as a leader and advocate for young African American men and women.

IMPACT AND RECOGNITION

Over the years, Black Achievers has had a significant impact on the lives of the young people it serves. Many of the organization’s mentees have gone on to pursue higher education, and many have landed successful careers in a variety of fields. The organization’s impact has been recognized by many in the community, and Moore has received numerous awards and accolades for his work with Black Achievers.

Moore’s work has been recognized by various organizations and publications for his work with Black Achievers. He has been featured in local and national media. He has also been invited to

speak at various conferences and events, sharing his insights and experiences with other leaders and educators.

Moore has also been actively involved in other community organizations and causes. He is a member of the National Black MBA Association, and he has served on the boards of several other organizations that promote diversity and inclusion in the business world. He has also served on the boards of several non-profit organizations and has been a vocal advocate for issues such as education reform and poverty reduction.

Moore is also known for his commitment to education. He is a strong advocate for education reform and has been involved in various initiatives to improve education in the Cincinnati area. He has also been a mentor and role model to many young people and has helped inspire many to pursue higher education. He has been a long-time supporter of education programs for underprivileged children.

In addition to his work, Moore is also a sought-after speaker and motivational coach. He volunteers

his time to mentor young people and speak at schools and community events and has spoken at numerous conferences and events, sharing his personal story of success and the importance of perseverance and determination. He published a book in 2018, Achieve your Dreams: 9 principles of African American Success.

Michael Moore has also had a successful career as a businessman. He has worked in a variety of industries, including finance and real estate, and has founded or co-founded several companies. He is well-respected in the business community and has been recognized for his entrepreneurial achievements.

Michael Moore has been successful entrepreneur and business leader who has made a significant impact on the Black community through his work with Black Achievers. His dedication to promoting diversity and inclusion in the workplace, as well as his philanthropic activities, have earned him recognition and respect from many individuals and organizations. He continues to be an influential figure in the business world, and his legacy will continue to inspire future generations of Black professionals.

What’s the Ideal Time to Invest in Corona, CA, Real Estate?

By Jenny Gonzalez

When making a decision on investing in any property, it would be best you should strategize on how you’ll go about your investment. It’s good to study the market trends and have knowledge about what real estate entails before taking a broad step in making an investment. Timing isn’t everything when deciding when to invest in a house but it’s among the factors to put in consideration.

Since time immemorial most homes are usually on sale during spring and summer. The real estate market usually drops during winter. Both supply and demand are huge role players when

it comes to getting one of the best deals in a house. When you have made a decision on when to make an investment in housing, it’s good to consult a real estate agent who is specialized in the job and is well conversant in the area you’d wish to live.

Real estate agents that are specialized in the area where you potentially want to live have extensive knowledge about all the houses that are on sale in the area. They are also aware about the social amenities that are upcoming in the area as well. Below are some of the trends of home buying over the years:

WINTER

The real estate market usually drops during winter. This is because people are less active in terms of vacating from one home to another. Who would want to move in to a home during winter? The struggle is usually intense since most vehicles can’t move and hence it would be difficult to hire movers to help you vacate. Demand for houses during winter are quite low this making prices to reduce too. When prices are low, it’s next to impossible to be competing with other bidders for the best bids.

SPRING

During spring, most houses are getting to find their space in the real estate marketplace. House sellers take the opportunity to list their properties in various real estate websites, social media pages as well as creating billboards and posters. At around early April, most house sellers list their houses with the best prices in the market. It would be advisable for any potential house owner to be prepared and have all the necessary requirements so that they can be able to grab these houses before it’s too late.

SUMMER

During the summer season, there is high competition and inventory in the real estate market. Most house sellers are usually on the go to list their properties in the market since the demand for these properties is quite high. Since the market is flooded, you will be able to spot some of the houses being sold at an affordable price so as to accommodate all potential buyers. It’s best for any prospective buyer to be on the look for their dream home during this season and be well equipped with all the necessary documentation and enough finances to buy their

home.

FALL

Most real estate agents suggest that early fall is the best time for any potential buyer to purchase their dream home. During fall, most families have already settled down in their homes since they are preparing their children to go back to school. There is less demand of houses but the supply is quite high since most sellers are eager to list their houses for sale and get income so as to cater for the needs of their children as the go back to school.

As a prospective house owner, it’s good to study the market trends extensively before making a decision on investing on any real estate property. Study about the population growth in the area you’d want to buy your property, the appreciation rate of the property, property taxes, ratio of price to rent and the natural disasters or calamities that may have occurred in the area. Consult a certified real estate agent and it will be worth it when you finally bag your dream home with so much ease. Ensure you have done your calculations and have them in check especially if you are planning to buy your dream home on mortgage.

Purchasing your first or second home in Corona, CA would be a great investment since it’s one of the most popular states that many people yearn to reside in. Distance to various social amenities is quite near and there is plenty of areas to explore in when in Corona, CA. As a first or second home owner, you will not have any regrets when choosing to buy a home in Corona whether for vacation, rental purposes or personal use.

10 Benefits of

Owning Vacation Rentals

By Ian batra

Have you been wondering how you’d earn extra money aside from your 8am to 5pm job salary? Maybe you should give a thought of owning a vacation rental property. Owning a rental property for vacations will assure you a stable source of income overtime if you take good care of your property. A vacation rental property is a fruitful investment that you’d wish to have for a lifetime. Benefits of owning a vacation rental may include:

GOOD RETURN OF INVESTMENT

Property value appreciates over time. Offering your property for rental either for short term or long term will guarantee you a stable income with great profits. As long as you take good care of your property and wish to sell it later in life, it’s returns will be high since everyone yearns buying a property that is well taken care off. As a vacation rental owner, you should be quick to continuously develop your property with the latest technology thus increasing the worth of your property overtime. A huge percentage of travelers are now preferring to rent short term vacation rentals over hotels and hence, owning a vacation rental will assure you an increased rental income especially during peak vacation seasons.

TAX BENEFITS

The government considers vacation rentals as a business hence as a vacation rental owner, you’ll enjoy various tax benefits such as writing off different rental expenses that would come in handy in saving your life a lot. It’s advisable to be quick in doing research on short-term tax deductions that are applicable to your rental properties. As a vacation rentals owner, you can

be able to deduct some costs such as mortgage interest, housekeeping as well as restocking of daily essentials. It’s good to keep track of all the income earned from renting your property as well as the expenses to avoid incurring loses that will force you to dig deeper to compensate the losses with your personal savings.

MULTI-PURPOSE PROPERTY

As a property owner of vacation rentals, you have the flexibility of using it with no restrictions in any way whatsoever. You can decide to block your property for rental if you’d want to spend your vacation with family and friends for a certain period of time then rent the house out to other guests once you have had a great vacation at your property. This is advantageous in that you’ll be able to save more when planning for vacations and earn with a huge margin when people desire to hire your rental property.

APPRECIATION OF PROPERTY

The value of your vacation rental will appreciate in value overtime if at all you are quick in making renovations as per the latest technology and trends. If you invest in renting out your property in an area with huge demands, the value of your property will definitely be at the top. It’s good for every vacation rental owner to be well informed about the market trends so as to ensure they make huge sales.

TOURISM IS LIFELESS

Daily life issues such as heartbreaks, marital issues, loss of loved ones, fatigue as well as brain saturation due to endless work and stress trigger many people to opt for vacations so as to relax and have a great time. Single people often

travel for self-care and maintenance of a stable mental health. Colleagues, families and friends take vacations to create a bond among them and have a great time away from their normal schedule. Travelling is termed to be therapeutic and thus many people find it best to tour various places.

CONTRIBUTION TO THE SOCIETY AND NATION BUILDING

Rental property businesses often hire people to manage various operations such as hospitality as well as customer service to as to ensure smooth running of tasks. In return, these employees pay taxes to the government and thus promoting growth of the country’s economy. When the business succeeds, the cost of living of the families working for the business improves. Vacation rentals come in handy in boosting the country’s tourism sector as well as promoting globalization and commerce.

EASY TO MANAGE

Vacation rentals are quite simple to manage especially if all units are functioning as expected. Incase you’d want someone to manage the property on your behalf, you can hire a property manager to help in running of your rental if at all you have multiple rentals in different locations.

EXPANSION OF KNOWLEDGE

Owning vacation rentals has made people to expand their knowledge and venture into other career opportunities that are great income

earners. You’ll have the opportunity to learn more about real estate investment, interpersonal and intercultural communication.

EASY MARKETING OPPORTUNITIES

Thanks to platforms such as Airbnb, Booking. com and VRBO, it’s easier for rental property owners to advertise their properties to various potential guests both locally and worldwide. Creating social media accounts would also build up the advertisement of your property since we are in the technological world and a very huge percentage of people have social media accounts. These platforms offer customer reviews and if many guests give you a good rating and referral, you are assured of accommodating a huge number of guests.

PROPERTIES STAND THE TEST OF TIME

A vacation rental property does not pose losses in terms of its lifespan or shelf life unlike the food and beverage industry. Proper budgeting and accountability of income and expenses give the property ample time in running and managing the business.

It’s good to think about investing on a vacation rental as the returns are quite high. People love travelling and majority of the travelers are opting to hire the rentals since they are quite affordable and convenient according to their needs. If you’d want your property to sell out, it’s good to study the market trends and be up to date in everything related to rental property management.

Simple Steps Minorities in LA Can Take Before Buying a Home

By Briana Frazier

Owning a home is considered by many to be the defining characteristic of the American dream. Homeownership can ignite feelings of pride regardless of race, and there is nothing more permanent than owning a home. Everyone should own a home. Unfortunately, getting on the homeownership ladder is not as easy as it used to be, especially for minorities. Buying a house requires planning, research, and effort to make the best decision possible.

Prospective homeowners must take time to save money and get their finances in order. They must also take the time to acquire the right mindset, which will come from reading, attending classes, and researching real estate markets, financial planning principles, and real estate finance. Buying a house is usually one of the

largest purchases a person will achieve in their lifetime.

Therefore, one should ensure they are doing it correctly and fully prepared for what is next. Ignorance is not an excuse under the law; it is the same in real estate. You must know what you are doing and be financially prepared to do it.

Buying a home should be a blessing and not a curse brought upon by the financial burden that should have never been incurred in the first place. Why does it happen? The most recent real estate statistics regarding minorities suggest that many minorities were unprepared for homeownership and made an unwise decision about the size of the home they bought and the

type of financing they obtained. Today the struggle to own property for minorities is even more difficult, not because they cannot afford to buy it, but because of the impact of the Great Financial Crisis and their financial literacy.

Planning to buy a home should start even before you start looking to buy a home. Every person should take some simple steps before buying a home.

GET AN EDUCATION

Being a homebuyer starts with getting educated. You do not need a bachelor’s degree to be a homeowner since you can self-educate. The easiest and cheapest way to get educated is to read books and a lot of them.

PAY OFF ALL CREDIT CARD DEBT

Use credit as a convenience for cash. Never buy anything with a credit card that you cannot pay for in cash immediately. This is how you incur debt. If you can’t afford it today, chances are you will not be able to afford it tomorrow. Keep the plastic in your pocket.

PAY OFF ALL INSTALLMENT DEBT, ESPECIALLY CAR LOANS

Pay cash for your car or use short-term financing for 6 months or less. Debt is a monkey on your back. No one needs a monkey on their back. The goal is to be debt free and keep zero balances on your credit cards. Final note: Buy used cars and buy them at the auction for cash.

OBTAIN THE RIGHT TYPE OF CREDIT

Stay away from unsecured or secured finance company

loans, auto loans, and payday loans. This is the worst type of credit you can obtain. These companies were created to exploit poor people. Stay away from check cashing centers and rent-to-own companies, and open a bank account immediately. Credit is a tool of convenience and not a bonus income to live on.

USE CREDIT AS A TEMPORARY EMERGENCY FUND/BACKUP

Until you have achieved your goal for your emergency savings plan, use credit as a backup. You should have no less than 24 months of your income in open and available lines of credit. Obliviously you need good credit to do this.

These lines of credit should not have an annual fee and must maintain a zero balance at all times because the line is for emergencies. You may not be able to avoid the annual fee. If not, consider the fee, the price you pay for not having an established emergency fund.

Once your emergency fund is established, you can reduce your open lines of credit to no more than 12 months of your monthly income because you have to save that equal to 24 months of your household income to survive in case of an emergency.

How will rising interest rates affect home prices in Minnesota?

By Francine Marsolek

Home prices in Minnesota have been on the rise in recent years, and many homeowners and buyers are wondering how rising interest rates will affect the housing market. In this article, we will explore the relationship between interest rates and home prices in Minnesota, and discuss the potential impact of rising rates on the housing market.

First, it is important to understand the relationship between interest rates and home prices. When interest rates are low, it is generally easier for buyers to qualify for a mortgage, which can lead to increased demand for homes and, in turn, higher home prices. Conversely, when interest rates are high, it can be more difficult for buyers to qualify for a mortgage, which can lead to decreased demand for homes and lower home prices.

Currently, interest rates in the United States are at historic lows, and this has contributed to the strong demand for homes in Minnesota and the resulting increase in home prices. However, as the economy continues to recover, it is likely that

interest rates will begin to rise, which could have a negative impact on the housing market.

The housing market in Minnesota is not homogenous, different areas of the state can be affected differently by rising interest rates depending on factors such as economic conditions, job market, population growth and so on. For example, areas with strong job markets and population growth may be less affected by rising interest rates than areas with weaker job markets and population decline.

One of the main ways that rising interest rates could affect home prices in Minnesota is by making it more difficult for buyers to qualify for a mortgage. As interest rates rise, the cost of borrowing money to buy a home also increases, which can make it harder for buyers to afford a home, especially those with lower credit scores or those who are already stretched financially. It can also make it difficult for them sell their homes if they cannot refinance their mortgages leading to a decrease in the number of homes available for sale, which can also drive-up home prices

As interest rates rise, it could also make renting more attractive to some potential home buyers. When interest rates are low, it can be cheaper to buy a home than to rent one, which can drive up demand for homes. However, as interest rates rise, it can become more expensive to buy a home than to rent one, which could lead to a decrease in demand for homes.

Another way that rising interest rates could affect home prices in Minnesota is by decreasing the demand for homes. As interest rates rise, the cost of borrowing money to buy a home increase, which can make it harder for buyers to afford homes. This can lead to a decrease in demand for homes, which can in turn lead to lower home prices. However, it’s important to note that the housing market is complex and multifaceted, and there are many factors that can influence home prices. Therefore, it’s important for buyers and sellers to closely monitor interest rates and other economic indicators to gain a better understanding of how they might impact the housing market in Minnesota.

It’s also important to note that rising interest rates could also affect the housing market by affecting the supply of homes. As interest rates rise, it may become more expensive for homeowners to refinance their mortgages or to borrow against their homes, which can make it less likely that they will put their homes on the market. This could lead to a decrease in the number of homes available for sale, which can also drive-up home prices.

Finally, it’s important to note that there are many different factors that can influence home prices in Minnesota, and rising interest rates are just one of them. Other important factors include the overall state of the economy, job market conditions, population growth, and changes in zoning laws and building codes. Therefore, while rising interest rates could have an impact on home prices in Minnesota, it’s important to consider all of the factors that can influence the housing market.

In conclusion, rising interest rates could have a significant impact on home prices in Minnesota. As interest rates rise, it could become more

difficult for buyers to qualify for a mortgage and the demand for homes may decrease. This could lead to lower home prices in the state. However, it’s important to note that the housing market is complex and multifaceted, and there are many factors that can influence home prices. Therefore, it’s important for buyers and sellers to closely monitor interest rates and other economic indicators to gain a better understanding of how they might impact the housing market in Minnesota.

North Carolina Real Estate Trends in 2023

By Janet Petrozelle

AThe real estate market in North Carolina is moderate since there are higher interest rates. The prices of the homes being sold are rising and people are still buying homes. The average price of a home in 2022 was around $330,000. The prices have been increasing with about 16% if compared with other years. The prices are increasing not too fast or too slow. They are escalating moderately.

As per the statistics in December, around 36,000 homes were available for sale. The number of houses being listed for sale in the real estate market is around 8,000. That’s quite a drop since the sellers should list their homes in the market so that they can sell fast. Statistics have suggested that:

• There were 10,998 homes sold in December last year, down from 15,127 homes sold a

year ago.

• The median days on the market was 42 days, which remained flat year over year.

• 21.8% of homes in North Carolina sold above the list price, down 25.2% year over year.

• There were 23.3% of homes that had price drops, up from 16.4%.

• Home prices in North Carolina were up 4.9% year-over-year in December.

• The number of homes sold fell 27.8% year over year.

• North Carolina homes were selling for a median price of $344,500.

• The sale-to-list price was 98%, down 2.7% year over year.

• If the ratio is above 100%, the home sold for more than the list price.

Prospective buyers are not the only ones bearing

the burden of increased prices in the real estate market. Tenants who have rented houses are also suffering the pinch of increased monthly rent. Statistics done by the housing professionals suggest that:

• The median rent price in North Carolina for January 2023 is around $ 1,900.

• The median rent in North Carolina is about $250 less than the national median.

• There are currently around 13,000rentals available in North Carolina.

• This is around $65 more than January 2022 and almost the same as compared to December 2022.

There are some rumors circulating that the housing market might crash but not as early as now as many people are speculating. Despite the fact that there is increased prices over the years, the demand of houses is still increasing because the population is growing as well. People are looking for places they would call home despite the economy being bad after the pandemic of COVID-19 set foot in the whole world. Ever since then, things haven’t been the same. Potential home buyers are being forced to work extra hard so that they can be able to offer a shelter to their growing families. There has been an increase in the number of financial institutions that are willing to offer mortgages to people who are in need of buying homes.

An increase in housing prices is propelled by low mortgage rates which was a thing in the past but the result is anticipated to continue slowing up to 5.4% in 2023. High mortgage rates reduce

the purchasing power of a prospective buyer and the monthly cost of funding the sale will be an average of more than $2,430 in 2023. This is almost 28% increase in mortgage payment as compared to this year, 2022 and double the payment of buyers who purchased properties in 2021.

The question to whether it’s right for a buyer to purchase a house in North Carolina or the right time for a seller to list out his home depends on how the person visualizes it. Some buyers have a strong instinct that it’s not the right time to buy a house in North Carolina due to increase in mortgage rates as well as house prices. However, for home sellers it’s the best time to list their houses for sale since there will be more inventory that has been brought out by an increase in the seller’s optimism.

Lack of newly constructed housing supplies is yet to go way back to the 2007 era. It will be impossible to purchase land, get a regulatory approval and spike supply quickly thus the real estate market is not likely to crash at any point whatsoever.

When deciding on what real estate property to invest in, it’s good to do your research and consult various realtors who have been in the field for many years. Consultation will save you the cost and pressure of regretting in the near future in case things don’t go as planned. Ensure that you are well conversant about the property you’d like to invest in and do some site visits before spending all your coins to buy the house.

San Diego real estate market updates Q1, 2023

By John Costigan

IIn the early days of 2022, the market in San Diego were on the incline. The association of realtors did their research and came up with a report indicating that home prices had increased by around 19% as compared to the previous year.

There has been a decrease in the rate at which houses are being sold in San Diego but that is an indication that the housing market is coming back to normal. The market hitches began in 2020 when COVID-19 set foot in the world and hence there was a disruption to the normal real estate market. The reduced rating is an advantage for prospective buyers who are tired of being outbid by other buyers in the market.

The demand for housing greatly affects its pricing. Real estate agents in San Diego have predicted that the prices will level up in the

future or slightly increase due to the increase in the rates of interest. The sales in the real estate market are expected to decline with a 0.8% margin next year. The drop in sales would lead to an increase in negotiation power by the prospective buyer and the home seller will have to downgrade his or her sales so that he or she does not lose a buyer.

San Diego is known to be a very expensive place to invest in buying a home as compared to other states and cities. Mortgage financing has also become very expensive since the interest rates have also hiked rapidly. Despite the housing market being strong, the increase in mortgage rates is making it difficult for potential home owners to buy their dream homes.

A real estate reporter quoted, “If home shoppers and sellers have unrealistic

PHOTOS FROM 123RF

expectations, they could find themselves in a stale-mate in the coming years.” This suggests that the housing market in 2023 could be termed as ‘nobody’s-market’ meaning that it will neither be friendly to buyers nor sellers. A typical market is being anticipated in San Diego in the coming years despite the shortage in the supply of houses. Buyers are still going to be pickier when looking for a home even when the supply of houses is low.

According to the report drafted by the realtors, they have suggested that:

• In November 2022, the median list price of homes in San Diego County was $850K, trending up 8% year-over-year.

• The median listing home price per square foot was about $600.

• • The median sale price of homes was even higher at about $800K.

• Homes in San Diego County, CA sold for approximately 1.5% below the asking price on average.

• La Jolla has a median listing home price of around $ 2.5M, making it the most expensive city in San Diego County.

• Spring Valley is the most affordable city in San Diego County, with a median listing home price of $750K.

• It is a seller’s market as the total sales to total listings ratio is above 0.3 which tends to favor sellers.

• It also means that more people are looking to buy than there are homes available.

• There are 67 cities in San Diego County.

• As a potential home buyer, you may be asking yourself when is the right time to buy a house in San Diego. Statistics suggest that:

• The median price of a one-bedroom house in San Diego County is around $500K. If you put 20% down, the monthly payment will be roughly $ 4,000.

• The median price of a two-bedroom house is $700K. If you put 20% down, the monthly payment will be around $6,000.

• The median price of a three-bedroom house is $850K. If you put 20% down, the monthly payment will estimate to around $7,000.

• The median price of a four-bedroom house is $3.4M. If you put 20% down, the monthly payment will be about $8,000.

It’s good to take a deep thought when you are planning to buy a home in San Diego. Do some research and get to know what it takes to buy a home in an area that is quite expensive. Have a budget, and get to ask your friends and family that would refer you the best institutions that offer mortgages with low interest rates and a flexible pay rates to avoid getting frustrated.

Is it Hard to Finance a New Construction Home in San Francisco?

By Norman Green

CFinances are important when it comes to want to fund any construction. Buyers in San Francisco are burdened with the fact that house prices are hiking and it’s becoming very difficult to buy a home. Constructing a house isn’t easy since it involves a lot of expenses such as buying building materials and paying the constructors. If you don’t have a planned budget in place, you may end up getting overwhelmed about the whole situation of not having enough finances while carrying out a construction. Some of the home constructors end up stopping their constructions in the middle due to lack of finances.

Before doing a construction, you need to be prepared very well. Drafting a budget is advisable since you’ll be able to know what costs to expect and track your expenses as well to avoid getting overwhelmed when things don’t go as planned. Some of the ways to get started if you’d want to acquire a construction loan to build your dream home include:

FINDING A CONSTRUCTION LOAN LENDER

“It all starts with your ability to be financed and what kind of budget can you establish from there,” says Dan Moralez, The Regional Vice President for North pointe Bank. Not all mortgage bankers offer construction loans thus it will be best for someone who would wish to build their home to do extensive research about various financial institutions that offer construction loans. Once you locate a lender, you can request your close friends and family to be your guarantors. In case you have no idea where to get a lender, consult your friends and family. They can be your referrals and that may guarantee you a low interest rate of repayment. You can also locate home builders who have recently done constructions as well since they have tons of lenders they would recommend to you.

LOCKING IN THE LAND

When thinking of building a home, it’s important to locate the area where you’d want the construction to take place. Most lenders don’t

finance land that is bare. There should be at least some foundation so that the lenders believe that the loan is only for construction and not for leisure. When you have done a start-up, they’ll be able to gauge whether you are worth getting the loan or not. The lenders will actually see that you’re serious about getting a construction loan and thus will prioritize you on the list.

QUALIFYING FOR A CONSTRUCTION LOAN

Getting an approval for a mortgage loan is much easier as compared to that of a construction loan. This is because the financial institution is taking a risk during the building process because there is no asset that is available to secure the mortgage. The down payment of housing loans is about 20% but as a house constructor you may benefit from a lower down payment if the construction is worth it. If you lay down a reasonable down payment and have a high credit score, you have a higher chance of qualifying for the construction loan with so much ease.

THINKING ABOUT DOING THE CONSTRUCTION YOURSELF OR NOT

As a home constructor, you’d want to supervise the construction taking place so as to save on the cost of hiring a professional to do so. Construction loan lenders prefer it when you hire someone to supervise the process because they are assured of less risks and less disappointment for the home owner. If at all you’d want to do the construction

for yourself, your credit score should be distinct so that the lender can fully entrust you with the loan. The constructions loans are very crucial hence the lenders take the matter very seriously.

STAYING WITHIN THE BUDGET

Once you decide on taking a construction loan, you need to have your budget in check. Having an estimate of what costs you will incur including the miscellaneous. You have to know what you have on the table and how much you’ll need to complete the construction. Having a budget helps you to be keen on your expenditure and not squander the finances all over. Having a drafted budget will also show the lenders that you actually have a goal and hence prioritize you when you want to take the loan.

Getting a construction loan is not as hard as people perceive it to be. You just have to know what you want and the goals you’ve set in building you home. If you have a vision, you’ll accomplish it once you know how to get what is making you not achieve your goal. If you want to build that dream home, go for it! Get that construction loan and you won’t regret it.

New Haven Real Estate market projections: Here’s what to expect in 2023

By Steven Rivkin

The real estate market in New Haven, CT, has been steadily growing in recent years, and several factors suggest it will continue to do so in 2023. From an influx of new residents to an increase in demand for housing, several factors make the New Haven real estate market a great investment opportunity. However, as with any real estate market, there are also potential challenges to be aware of, including the high cost of living in the city and the availability of financing. In this article, we will take a closer look at the factors driving the growth of the New Haven real estate market and what investors and potential homebuyers can expect in the coming year.

The city’s growing population is one of the

primary drivers of the New Haven real estate market. According to data from the population of New Haven increased by nearly 5% between 2010 and 2019). This population growth is expected to continue in the coming years as more people are attracted to the city’s diverse culture, vibrant arts scene, and world-renowned universities.

The growing population is driving an increase in demand for housing in New Haven. As more people move to the city, there is a need for more homes and apartments to accommodate them. This increased demand is likely to push up prices for both rental and owner-occupied properties.

Another factor contributing to the strength of the New Haven real estate market is the city’s strong

economy. New Haven has a diverse economy that includes a mix of industries, including healthcare, education, and manufacturing This diversity helps to insulate the city from economic downturns and makes it more resilient during times of economic uncertainty.

Looking at home values and rental price trends is one way to get a sense of where the New Haven real estate market is headed. According to data from Zillow, the median home value in New Haven is currently $219,200 This represents an increase of nearly 8% over the past year, and experts expect this trend to continue in the coming years.

Similarly, rental prices in New Haven have also been on the rise. According to data from Apartment List, the median rent for a onebedroom apartment in New Haven is currently $1,225 per month. This represents an increase of nearly 5% over the past year, and prices will continue to rise as demand for rental properties increases.

So, what can investors and potential homebuyers expect in the New Haven real estate market in 2023? Based on current trends, it seems likely that home values and rental prices will continue to rise, although there is always some level of uncertainty in any real estate market. It’s worth noting that while the overall trend in the New Haven real estate market is positive, there may be some variations from neighborhood to neighborhood. Some areas of the city may see more rapid appreciation than others.

Despite the overall strength of the New Haven real estate market, there are some potential

challenges. One challenge investors and potential homebuyers should be aware of is the high cost of living in New Haven. The city has a relatively high cost of living compared to other parts of the country, with housing costs significantly contributing to this. The high cost of living could make it difficult for some people to afford housing in the city, which could impact the demand for properties.

Another potential challenge to be aware of is the availability of financing. While the overall real estate market in New Haven is strong, it is still possible for there to be fluctuations in mortgage rates or changes in lending practices that could impact the availability of financing. This could make it more difficult for some people to obtain the financing they need to purchase a home or invest in real estate.

Finally, it’s worth noting that the real estate market in New Haven, like any other market, is subject to risks and uncertainties. There is always the possibility of economic downturns or other unforeseen events that could impact the market. Investors and potential homebuyers should be prepared for these risks and know there is no guarantee of success in any real estate investment.

Despite these potential challenges, the New Haven real estate market outlook in 2023 is positive. With a growing population and a strong economy, demand for housing is expected to remain high, which should drive prices up. However, it is important for investors and potential homebuyers to do their due diligence and carefully consider the risks and uncertainties before making any decisions.

L e a r n A b o u t

T h e l a t e s t m a r k e t i n g t r e n d s a n d b u d g e t s t h a t c o m p a n i e s a r e i n v e s t i n g i n O n l i n e M a r k e t i n g T h e p r i m a r y r e a s o n y o u m u s t r u n o n l i n e c a m p a i g n s n o w c o m p e t e

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Even Inflation Couldn’t Stop Buyers in Costa Mesa from Buying

By Eric L. Frazier MBA

House prices and rents in real estate have been skyrocketing over the past few years, and this is a huge problem for house sellers as they are the ones who are affected because the demand for houses ends up becoming low. Inflation in the economy has caused both mortgage rates and prices to increase drastically like a ‘double whammy,’ as Francis Creighton suggested.

Inflation increases the price of housing in that the materials required to construct and manage the maintenance of the houses tend to be quite expensive. This discourages the construction of more houses since the cost will be quite high. Building a house will discourage any land owner hence they end up opting for houses that have been listed, and most of the time, they are quite expensive too.

What Costa Mesa buyers did to manage to buy houses despite inflation

EXPANDING THEIR HOME SEARCH

Buyers in Costa Mesa adjusted their budgets and returned to the drawing board to reassess their strategy in house hunting. This may include drawing their attention to smaller properties that are comfortable for them, looking for houses in rural areas, or areas that are in less demand with lower housing prices. Planning to renovate a house may be quite costly because the materials needed for renovation are expensive hence it is good to plan accordingly when planning to do a minor renovation in your new home.

THINKING BEYOND A 30-YEAR FIXED-RATE MORTGAGE

Some financial institutions in Costa Mesa offer an adjustable rate mortgage which is a great deal for buyers in that the rates will be lower for the first few years of the loan term, and later the rate gets re-adjusted. This is a smart move for the buyers who know they will not be living in the house for a long time and need the necessary resources to have the house for themselves as soon as possible. Locking in a lower mortgage rate for a period of time before adjusting to the normal rate helps the prospective buyer save up some coins, especially if they don’t plan to stay in that house for a long time.

IMPROVING YOUR CREDIT SCORE AND FINANCIAL PICTURE AS A BUYER

Raising your score entails paying your debts on time and fixing any errors on your credit report as a loan customer. Requesting a higher credit limit or reducing the balances on your credit card may also give you a higher chance of getting a loan top-up. The lender can also narrow down the top-up interest rates if you prove that you are reliable and pay their debts on time. A low credit score can reduce your chances of getting a mortgage with a favorable interest rate.

MAKING ADJUSTMENTS IN THE HOUSING BUDGET AS WELL AS OTHER MINOR COSTS

Some Costa Mesa buyers drafted an overall budget on their expenses against their earnings, and this was able to help them know what budget they could work with when purchasing a new home. Spending more on housing will require you

as a buyer to factor in a higher down payment for the property and higher costs associated with relocating and doing maintenance and repairs in the new home. It’s good to consider the costs involved in hiring movers, renovation costs, property taxes, utility bills, and insurance, which are quite high. It’s good to work within your budget to avoid straining yourself and giving yourself unnecessary pressure.

BUYING A HOUSE ASAP

An increase in inflation suggests that the cash at the moment has more value as compared to its value in the future in the case where inflation rises for a long period of time. Real estate investors suggest that it would be best if the prospective buyer bought the house at that same period and did not procrastinate to buy it in the future since the prices will be quite high at that point. You should buy the property as soon as possible and lock in a price and mortgage payment in today’s rates in dollars, as the value of a dollar is not likely to depreciate in any way possible. Buying the house early enough will reduce the instances of rent increasing abnormally, and as a buyer, you’ll enjoy the benefit brought about by the inflation of house prices.

Potential house buyers in Costa Mesa quickly noticed the gap and were willing to narrow it down by weighing various options before purchasing a house during the inflation period. Buying a house when the economy is underinflation is advantageous in a way. Hence, when you have the opportunity to save on the cost of housing as a buyer, you better utilize it to the maximum to avoid regrets in the future.

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New Construction Myths: These Homes Are Expensive!

By Monica Hill

AWhile purchasing a new property, there are always myths and misconceptions that people have about new homes. These misconceptions mostly come from people who haven’t owned their own homes and are jealous that you are making progress in life. It’s important to always focus in what you want and not pay attention to some side shows that will shutter your dreams. Some of the myths and misconceptions may include:

NEW CONSTRUCTION HOMES ARE EXPENSIVE

The upfront cost might be more but that is not a determinant to make an assumption that it’s expensive. A newly constructed house has brand new roof, appliances, housing systems

as well as HVAC system hence the buyer is actually saved the burden of doing repair and replacement which is quite costly. It takes quite some time for a home buyer to think of doing repairs in a new home since new appliances take time before they get worn out.

YOU’LL BE WAITING FOR A LONG TIME TO MOVE IN

New construction homes take an average of 7 months to get done when you do your calculations from setting up the foundation till doing the finishing. This timing may also depend on the size of the home. If a home is not that big and is not complex, it may take less time. In actual sense, constructors start building a home before it gets a potential buyer. Once the buyer

has been identified, the constructors may work extra hours to finish the home so that the buyer can take ownership. Construction may delay at times due to unavailability of building materials, labor as well as some restrictions by the government if at all things are not being done according to the housing act.

IT’S HARDER TO FINANCE A NEW-CONSTRUCTION HOME

The exact opposite is true since there are potential builder incentives and the fact that there is a potential buyer willing to buy the new property, the lender is glad in that he or she knows that there are no risks involved once he offers a construction loan to a builder. Title companies work hand in hand with builders who do batch title searches on the new parcels all at once. This is a plus since the potential buyer is likely to close sales with the seller faster than expected.

THE OPTIONS ARE OVERWHELMING

The actual fact is that most builders make it easier for a potential buyer to have a variety of fixed options for their homes even during construction. This is advantageous in that the buyer can have the home designed to suit his taste. Buying a new home that has been built with specific partners with great experience saves you the cost of having to do analysis paralysis. Many builders have a wide range of home designs that will definitely make you want to grab all of them.

You can’t/not need a real estate agent

A real estate agent is of great importance when you want to buy a home because they are the ones who act as a mediator between you as a potential buyer and the seller. You can

negotiate prices with them, lay down terms and conditions required. Real estate agents are quite professional and they know what it takes to sell a home and that is why many builders like hiring an agent before the building process starts.

YOU CAN’T INSPECT A NEW HOME

House inspections are quite important when you want to buy a home. It’s important to check and see if what you want to buy is what actually there. Home inspections clear all the queries a potential buyer may have. Home inspections help you correct the areas that are not well done so that the repairs are done as soon as possible.

WORKING WITH A BUILDER IS DIFFICULT

In actual sense, that isn’t true because builders are actually friendly. The do constructions according to what the potential buyer may want. All they care about is bringing a smile to the buyer and warm their heart. Builders are able to take into consideration what you want so that you can have your dream home the way you have always wanted it to be from the beginning.

Investing in buying a home that has been built recently is advantageous since everything has been created and designed with the latest technology hence you won’t have to start upgrading various items so that they can function as expected. Don’t be quick to listening to rumors about the disadvantages of buying a new home but take time and see the advantages and weigh them wisely.

Stuck in your Sell?

Here are some CREATIVE promotion strategies to attract today’s buyers

By Marina Ramirez

As a real estate professional, you know that selling a property can sometimes be a challenge. Even in a hot market, finding the right buyer for your listing can take time. it’s essential to have a variety of promotion strategies in your toolkit to attract today’s buyers. With so many options available, it can be challenging to know where to start. That’s why we’ve compiled a list of creative promotion strategies to help you sell your listings faster and for a higher price. From leveraging social media to utilizing content marketing, these tactics can help you stand out in a crowded market and attract serious buyers. There are plenty of options for real estate professionals looking to attract today’s buyers. So, if you’re feeling stuck

in your sales, consider giving some of these strategies a try and watch your business soar. Here are a few ideas to consider:

1. UTILIZE SOCIAL MEDIA TO YOUR ADVANTAGE.

52% of high-quality real estate brokers leads come from social media. Social media platforms like Facebook, Instagram, and LinkedIn are excellent tools for promoting your listings and connecting with potential buyers. You can effectively reach a wider audience and generate leads by regularly posting high-quality photos and videos of your listings, engaging with your followers, and utilizing paid advertising options.

PARTNER WITH LOCAL BUSINESSES.

If you’re having trouble generating interest in your listing, consider partnering with other local businesses or organizations to promote it. For example, you could offer a discount to buyers who purchase a property through your agency and also use the services of a local home improvement company. This not only helps to promote your listing but it also helps to build relationships with other businesses in your community. This strategy has the added benefit of providing value to buyers, who may be more likely to purchase a property if they receive discounts or other perks from partnering businesses.

3. UTILIZE VIRTUAL STAGING.

Virtual tours and video walkthroughs have become increasingly popular in recent years, with many buyers finding them a convenient and efficient way to view a property. A study by the National Association of Realtors found that 48% of buyers used virtual tours to view properties during the pandemic with virtual staging, you can use computer-generated images to show potential buyers how the property could look furnished, giving buyers a better sense of the property without having to schedule an in-person showing. This can be especially helpful if the property is empty or you’re having trouble getting buyers to visualize the layout. it is also useful for outof-town buyers or those unable to visit the property physically.

4. UTILIZE PAID ADVERTISING.

While organic reach on social media and other platforms can be limited, paid advertising can effectively reach a targeted audience and generate leads. You can effectively target potential buyers and promote your listings by utilizing platforms like Google AdWords, Facebook Ads, and LinkedIn Ads. Also, look into targeted advertising to reach potential buyers in your specific market. For example, consider advertising on websites or social media

accounts targeting seniors if you’re selling a property in a retirement community.

5. UTILIZE EMAIL MARKETING. Email marketing can effectively reach potential buyers and keep them informed about new listings and other relevant information. You can effectively nurture leads and convert them into clients by building a targeted email list and sending out regular newsletters or promotional emails.

6. HOST EVENTS AT YOUR LISTINGS. Hosting events at your listings, such as open houses or cocktail parties, can be a great way to showcase the property and attract potential buyers. These events can also be an opportunity to network with other industry professionals and potentially generate referrals. Just be sure to follow any local COVID-19 guidelines and protocols.

7. UTILIZE CONTENT MARKETING. Content marketing, which involves creating and sharing valuable, relevant content to attract and retain a clearly defined audience, can be a powerful tool for real estate agents and brokers. By regularly creating and sharing blog posts, infographics, and other forms of content that educate and inform potential buyers, you can establish yourself as a trusted authority in your market and generate leads.

In conclusion, you can utilize various creative promotion strategies to attract today’s buyers and sell your property faster. Utilizing social media, hosting an open house, partnering with local businesses, utilizing virtual staging, offering incentives, utilizing targeted advertising, and hiring a professional photographer are all effective ways to promote your listing. Always consider your target market and what will appeal to them when deciding on promotion strategies. Also, you’ll be well-equipped to sell even the most challenging properties by staying flexible and open to new ideas.

Top 10 List of What to Expect Once You Receive an Offer on Your Home in Palm Desert, CA

By Brandy Nelson

Once you receive an offer on your property, endless thoughts cross your mind on whether the deal will close fully. Closing deals is usually not an instant process it may take at least 3 weeks. As a home seller, you may be wondering what to do for the few weeks before the deal is closed. A prospective home seller is advised to consult their real estate agent who will offer guidance and expert advice on what to do once the offer streams in. Some of the steps the real estate agent will tell you to follow include:

ENSURING THAT EARNEST MONEY IS DEPOSITED

Creating an escrow account allows the home seller to have the earnest money withheld for a short period of time before money is transferred between parties. The prospective home buyer is

required to deposit the earnest money so as to show the home seller that he or she is serious about buying the house. Even after the deal becomes successful, the prospective buyer is still required to pay the earnest money. The escrow account is important in that when the deal doesn’t succeed, the buyer will get their money back with ease.

SUBMISSION AND PROCESSING OF LENDER DOCUMENTS

If the buyer has planned to take a mortgage so as to secure the property, he or she is required to get a pre-approval document so as to fasten the process of closing the deal between the buyer and the seller. As a buyer if you are not pre-approved, you are advised to submit a request of the type of loan you’d wish to apply then paperwork will be prepared so as to cater

for your financial situation and your lender will need to process these documents.

HAVING THE TITLE DEED REVIEWED AND CLEARED

The title company will need to ensure that there are no existing liens on the property. A title check fee is paid either by the seller or buyer since it’s a common concession during the process of preparations after the seller has received an offer.

COMPLETION OF THE HOME INSPECTION PROCESS

Inspection takes not more than 2 weeks after the seller accepts an offer from the buyer. The potential buyer has the freedom to have an inspector with him or her so as to inspect the house privately so as to clear any doubts he or she may be having about the property before taking the step of buying the house.

It’s best if the home owner is not around during home inspection so as to give the buyer freedom to explore all areas keenly without feeling like he or she is intruding the seller’s property without consent. The seller should prepare the home for inspection for both the potential buyer and inspector and he or she should ensure that crucial area such as the crawl space, electrical service panel, furnace as well as attic are clean, renovated and easily accessible. Home inspection is the deal breaker when it comes to closing sales between the buyer and seller.

NEGOTIATED REPAIRS MUST BE MADE

In case the seller had agreed to do some important repairs before closing the deal between them and the buyer, he or she is required to hire professional contractors who will deliver and do everything in time without any hitches.

CONDUCTING A HOME APPRAISAL

The home appraisal determines how much the buyer’s lender is offering to give the

lender mortgage to purchase his or her desired property. Some contracts may include an appraisal gap that needs a buyer to cover up the cost between the appraisal value and loan value. The contract protects the buyer from being exploited to pay too much so as to cover up the cost.

TAKING OUT OF A HOME INSURANCE POLICY BY THE BUYER

The buyer is required to take out the home insurance policy. The buyer’s lender should do so on behalf of the buyer since the policy is already paid via the escrow account by the buyer.

TRANSFER OF UTILITIES

It’s good to schedule utility transfer keeping in mind the closing date of the deal because once the deal is closed before transfer of utilities, there will be no transfer of utilities between the buyer and seller. Conducting a final walk through This gives the buyer the leeway to do inspection so as to ensure that the condition of the property hasn’t changed since the last time he or she did the inspection. The buyer also confirms if all the repairs have been done before closing the deal with the seller.

CONDUCTING DEAL CLOSING

There will be a seller’s closing disclosure form that breaks down all the expenses and credits from the home sale. It’s good to take time and read the form thoroughly. There is no need to make a rush before closing the deal. The seller should keep in mind that once he or she signs the form, ownership of the property is transferred to the buyer. It’s best if the seller from Palm Desert, CA to follow the above guidelines once he has received an offer from the buyer so as to ease the process of selling the property in a transparent way.

B U Y I N G O R

S E L L I N G A H O M E ?

L E T ' S W O R K T O G E T H E R !

L i c e n s e d R e a l E s t a t e B r o k e r w i t h o v e r 3 5 y e a r s e x p e r i e n c e w o r k i n g w i t h b u y e r s a n d s e l l e r s o f s i n g l e - f a m i l y h o m e s , l a n d , d u p l e x e s , t r i p l e x e s a n d f o u r p l e x e s . W a s f i r s t B r o k e r i n W a s h i n g t o n S t a t e t o o f f e r h o m e w a r r a n t i e s f o r b u y e r s o f e x i s t i n g h o m e s a n d f i r s t b r o k e r i n W a s h i n g t o n S t a t e t o o f f e r g u a r a n t e e d h o m e s a l e s b a c k e d b y a N a t i o n a l F r a n c h i s e .

10 Best Strategies for Buying in Tahoma Washington

By Jim Clifford

Amany potential house buyers are saving up so as to purchase their dream homes in Tacoma, Washington. This is because the place is well convenient and has a serene environment that anyone would live in. Some of the strategies you have to lay down before purchasing any home in Tacoma include:

CREATING A BUDGET

When you have a budget, it helps you plan to buy a house that is within your financial bracket. The budget be an aid to reduce chances of you going beyond your finances to purchase a house that is not worth the money. If at all the house you desire to buy is quite expensive and is worth, you can choose to include application of a mortgage within your budget if at all you know you will not strain in paying back the money.

REVIEWING VARIOUS HOME PRICES

As a first-time home buyer, you may enter the

market with a false idea of what property you can get according to your budget. This can make you so frustrated and disappointed since some people may trick you since they know that you are a newbie in home buying. It’s advisable for any first-time home buyer to do extensive research on the various prices of properties around the area you’d want to live. It would be best of you pay close attention to the recent sales that are within your budget so that you have a realistic picture on what you expect when you are ready to buy the house.

RESEARCHING ABOUT THE MARKET

Before making a decision in venturing into real estate it’s good to do your research on various housing trends in Tacoma. Doing your research will give you a rough idea on what you expect and this will help you as a prospective house owner to get started in your journey of real estates. Extensive research should continue

even after you have bought your property so as to know what the housing market is like in case you’d want to rent out your property in future.

GETTING AN AGENT

Real estate agents are well conversant with the latest market trends hence they will make it easier for you to get a house that suits your needs in a faster way. Agents network with various real estate owners and are well educated on what majority of buyers look for when buying a home. In case a home seller price is way beyond what is in the market, the agent will be quick to tell you if a home seller’s price is worth or if a home seller is trying to be manipulative.

GETTING PRE-APPROVED

Having a mortgage pre-approval symbolizes a financial pre-screening process since it gives you a platform as an aspiring house buyer to have a picture on the price range of various houses. Having a pre-approval letter when you are busy doing house hunting shows sellers how serious a buyer is about purchasing their home and thus will give you more priority and there is a high possibility that they will accept your offer.

BEING OPEN-MINDED

When doing house hunting, you may end up realizing that whatever you are looking for in your first home is not actually what is there on the ground. It’s good to have options and not leaning to one specific taste. It may also be good to consider having your needs before wants. A house may be having all that is necessary for comfortability but it may lack some luxuries that you have always been dreaming of like an

outdoor pool. Such luxuries should not stop you from buying a home with all the necessary needs to make you comfortable.

HAVING THE HOME INSPECTED

Having the prospective home inspected before purchasing it is a smart idea since the inspector will analyze and point out any issues he finds. This will help you clear any doubts you might be having as a home buyer. Hiring a home inspector is quite affordable and it’s worth every single coin.

BEING WELL CONVERSANT OF THE ASSOCIATED COSTS

There are various costs that a home buyer incurs when they want to purchase a property. This may include insurance, property taxes, mortgage instalment payment, maintenance and repairs. You need to be quick to investigate if the property will make you incur losses due to expenses.

BEING CLEAR ABOUT YOUR GOALS

It’s good to invest in buying a house that will suit your needs in the best way possible. Do not be so quick in buying a house without keeping in mind what you want because you’ll end up buying the property and not like it eventually. Take time in knowing what you want.

Buying a property in Tacoma, Washington is a great investment strategy especially if you’d want to rent it later in life since many people eye having properties in that area. It’s good to do your research and make some analysis before making a decision on the property you’d want to buy.

HOUSING DISCRIMINATION UNMASKED.

Don’t let housing discrimination get covered up.

“ When I went looking for an apartment, I wore a mask. But they could still see I’m Black. I was told that they wouldn’t rent to me because they heard Black people were disproportionately getting COVID-19.”

COVID-19 inequity is real, and it shouldn’t be made worse because of housing discrimination. If you suspect housing discrimination because of your race, color or national origin, file a complaint with HUD or your local fair housing center so we can investigate it.

For more information, go to: hud.gov/fairhousing or call 1-800-669-9777 Federal Relay Service 1-800-877-8339

FAIR HOUSING: THE LAW IS ON YOUR SIDE.

How Cryptocurrency Will Impact Real Estate Financing

By Jamar James

Many people worldwide are asking themselves if Cryptocurrency is the future of the real estate. Many financiers have invested in Cryptocurrency in the world, making them multi-billionaires. Cryptocurrency has been skyrocketing its way into real estate transactions through:

LISTING HOMES FOR SALE FOR BITCOIN

Most home sellers and real estate agents have been using in-house Bitcoin listings to create attention and attract more buyers to their properties. Bitcoin has worked well in house listings that are high-end, where most buyers want to use their bitcoins to invest in properties in real estate. This has brought about big wins in cryptocurrency as people are designing ways to preserve their gains in Cryptocurrency to real estate properties that are tangible.

RENTING HOMES FOR BITCOIN

Some travel booking sites accept bitcoins, increasing their demand to lease and rent out their Airbnb properties. This is drawing close attention to people to focus on investing in Cryptocurrency as a mode of payment for various services.

REAL ESTATE FUNDRAISING WITH ICOS

Entrepreneurs are incorporating digital currencies in the real estate market that will be used to buy, rent, trade, and invest in various properties in the real estate housing market. Digital currencies act as a form of buying shares in a real estate environment. The prospective buyers will not have to use cash or credit cards to carry out real estate transactions.

CRYPTO AS A REAL ESTATE BUSINESS

Many cryptocurrency exchange offices have been constructed to increase the demand for Cryptocurrency in the market and build a rapport among the people who would slowly want to adapt to Cryptocurrency as a form of financial exchange.

The Cryptocurrency world has been quite crazy due to the fluctuations in its value over a period of time. Many people still believe that Cryptocurrency is up to date, while others give up on it. A die-hard of Cryptocurrency believes that Cryptocurrency will still be the real thing in the future. Cryptocurrency being a digital currency is beneficial to prospective buyers, investors, and sellers in the real estate housing market.

Most investors separate buying a home using bitcoin and participating in bitcoin. They invest in buying a house using cash and some little bitcoin, thus making them feel as if they are risking their home and investment on virtual money since it’s quite risky. It’s good to try out different currency options when buying a house on real estate to avoid investing more virtual money than you can afford to lose.

real estate market, housing prices are still quite high, and the competition to acquire scarce houses is tougher than you think. Some potential buyers find it difficult to compete with cash buyers or acquire a loan because they can’t afford the down payment on the property. Some buyers may also have a low credit score. Therefore, the seller should focus on looking at the buyer’s collateral instead of judging them by not having a high credit score when leasing their property to them.

Transactions completed on Cryptocurrency are usually fast, unlike credit and background checks used to ascertain if someone is fit to purchase a property. A person should not be measured by their low credit scores in relation to buying real estate houses, yet Cryptocurrency is the ultimate game changer above all other transactions.

Real estate investors suggest that Cryptocurrency will skyrocket in the real estate world, and many people will continue to invest in it. Cryptocurrency will change the world just as the internet transformed the world into a better place.

investors can purchase certain real estate property tokens and have a co-ownership. This is done after the property has been tokenized hence the seller may divide the property into numerous tokens so that each investor has ownership of their own part of the asset in the property at hand.

Tokenization of the property is advantageous in that it crafts the real estate property into a liquid commodity to make it easier for any investor to sell their shares cheaper and faster, attracting more buyers.

Investors can buy parcels that may resemble acres of land in the Crypto world. The number of parcels is limited in terms of availability at a given point. As an investor, you can purchase a parcel early when its price is quite cheap; then, after the value of the parcel increases after some time, you can decide to sell it to maximize your profits as an investor.

Despite the slowing down the

Cryptocurrency is advantageous because multiple

The adoption of Cryptocurrency in the world of real estate is still at a nascent stage, but it will eventually evolve to be the real thing in the future. Many buyers, investors, and sellers in the real estate market will end up operating using Cryptocurrency only because of its efficiency.

5 tips to dealing with taxes in Los Angeles

By Dolores Golden

Dealing with taxes can be a daunting task, especially in a city as large and complex as Los Angeles. The city follows the California state tax system, which includes state income tax, sales tax, and property tax, in addition to local taxes such as the Los Angeles city tax. It’s important to be aware of the taxes that apply to your specific situation and take steps to minimize your tax liability. In this article we will look at some of the steps to dealing with the taxes in Los Angeles.

1. UNDERSTAND THE TAXATION SYSTEM IN LOS ANGELES

The taxation system in Los Angeles can be complex and difficult to navigate. In addition to the state taxes mentioned earlier, there are also specific taxes that apply only to Los Angeles residents and businesses. For example, the City of Los Angeles has a business tax that is based on gross receipts. Businesses with gross receipts of $100,000

or less are exempt from this tax. Additionally, certain types of businesses such as nonprofits, are also exempt from certain taxes. Understanding these specific taxes and exemptions can help you save money and avoid any penalties or fines.

2. KEEP ACCURATE RECORDS

Keeping accurate records is crucial when it comes to dealing with taxes in Los Angeles. This includes maintaining records of all income, expenses, and deductions related to your business or personal finances. It’s important to keep all invoices, receipts, bank statements and other financial documents that can help you to claim deductions and credits. It is a good idea to keep records for at least three years, in case of an audit. A good record keeping system will also make it easier for you to file your taxes and ensure that you are not overpaying or underpaying. When it comes to business expenses, it’s important

to keep records that show the business purpose of the expense. For example, if you’re claiming a deduction for a business trip, you should keep records of the destination, dates of travel, and the purpose of the trip. This will help you to prove that the expense was for a legitimate business purpose.

3. HIRE A TAX PROFESSIONAL

Hiring a tax professional can be a valuable asset when dealing with taxes in Los Angeles. Tax professionals have the expertise and knowledge to help you navigate the complex tax laws and regulations in the city. They can provide guidance on how to take advantage of deductions and credits that you may be eligible for, which can lower your tax bill. They can also help you with the preparation and filing of your taxes, ensuring that they are completed correctly and on time. When hiring a tax professional, it is important to choose someone who is licensed and has experience dealing with taxes in Los Angeles.

4. TAKE ADVANTAGE OF TAX CREDITS AND DEDUCTIONS

There are many tax credits and deductions available to individuals and businesses in Los Angeles. For example, businesses can take advantage of the Los Angeles Enterprise Zone program, which provides tax credits for businesses that invest in certain areas of the city. Additionally, individuals can take advantage of deductions for things such as mortgage interest, charitable donations, and state sales tax. It is important to research and take advantage of these credits and deductions to lower your tax bill. In addition, many businesses can benefit from tax incentives for hiring veterans or disabled workers, or for investing in energy-efficient equipment or practices.

5. FILE YOUR TAXES ON TIME

The last tip for dealing with taxes in Los Angeles is to file your taxes on time. The deadline for filing federal and state taxes in

California is April 15th. Failing to file your taxes on time can result in penalties and interest charges, which can add up quickly. It is also important to note that if you need more time to file your taxes, you can request an extension, but you will still need to pay any taxes owed by the April 15th deadline. It’s important to be aware of the deadline and plan accordingly to ensure that your taxes are filed on time. There are two ways to file your taxes which include using tax forms e.g., W-2 and 1099s and also E-filling which you can fill at the comfort of your home.

In conclusion, understanding the taxation system in Los Angeles, keeping accurate records, hiring a tax professional, taking advantage of tax credits and deductions and filing your taxes on time are key tips for dealing with taxes in Los Angeles. It is important to be aware of the taxes that apply to your specific situation and to take steps to minimize your tax liability. Remember that taxes can be complex, so if you have any questions or concerns, it is best to consult a tax professional for advice.

Here’s how to survive a house remodeling in New York

By Harriet Robertson

Remodeling a house can be a daunting task, especially in a city like New York where space is at a premium and the cost of living is high. However, with proper planning and execution, a house remodel can be a rewarding experience that improves the functionality and aesthetic of your home. In this article, we will discuss the key steps to take to ensure a successful remodel in the Big Apple.

STEP 1: CREATE A REALISTIC BUDGET AND STICK TO IT.

One of the most important aspects of any remodel is creating a budget that accurately reflects the costs associated with the project. In

New York, the cost of labor and materials can be significantly higher than in other areas of the country. It is essential to work with a contractor or designer who has experience in the city and can provide accurate estimates. Once a budget is established, it is important to stick to it as closely as possible to avoid going over budget.

STEP 2: HIRE A LICENSED AND EXPERIENCED CONTRACTOR.

Hiring a licensed and experienced contractor is crucial to the success of any remodel. In New York, it is important to work with a contractor who is familiar with the local building codes and regulations. This will help ensure that the work is completed in a timely and efficient manner,

and that the project complies with all necessary regulations. Additionally, an experienced contractor will be able to advise on the best materials and techniques to use for the project, which can save time and money in the long run.

STEP 3: GET ALL THE NECESSARY PERMITS.

Before beginning any work on your house, it is important to obtain all the necessary permits. In New York, the process of obtaining permits can be complex and time-consuming. It is important to work with a contractor or designer who is familiar with the local permitting process and can help guide you through it. Failure to obtain the necessary permits can result in fines and delays, so it is important to take this step seriously.

STEP 4: PLAN FOR DISRUPTIONS TO YOUR DAILY ROUTINE.

Remodeling a house can be a disruptive process, and it is important to plan for this disruption in advance. This may include finding temporary housing, arranging for child care, or making arrangements for pets. It is also important to communicate with your contractor about the schedule of the work, so that you can plan accordingly.

STEP 5: COMMUNICATE WITH YOUR CONTRACTOR.

Effective communication with your contractor is crucial to the success of any remodel. It is important to establish a clear line of communication with your contractor, and to keep in touch with them throughout the project. This will help ensure that the project stays on track and that any issues that arise can be addressed in a timely manner.

STEP 6: CONSIDER THE IMPACT ON YOUR NEIGHBORS.

Living in a densely populated city like New York, it is important to consider the impact of your remodel on your neighbors. This may include scheduling work during specific hours to

minimize noise and disruption, providing advance notice of any planned work, and working with your contractor to ensure that construction debris is properly disposed of. By taking the time to consider the impact of your remodel on your neighbors, you can help maintain positive relationships and avoid any potential conflicts.

STEP 7: THINK ABOUT THE RESALE VALUE OF YOUR PROPERTY.

When remodeling a house in New York, it’s important to consider the resale value of your property. While it may be tempting to make drastic changes that align with your personal taste, it’s important to think about what will appeal to potential buyers in the future. This may include choosing neutral colors and finishes, and opting for energy-efficient and sustainable options that will appeal to a wide range of buyers. You should also consider specific needs and wants of buyers in your area.

STEP 8: DON’T NEGLECT THE IMPORTANCE OF LIGHTING.

Lighting is often overlooked when planning a remodel, but it plays a critical role in the overall functionality and aesthetic of your home. Proper lighting can help create a sense of warmth and comfort, and can also be used to highlight key features of your home. When planning your remodel, consider the natural light available in your home, and work with your contractor to incorporate additional lighting options, such as recessed lighting, pendant lights, and floor lamps.

In conclusion, remodeling a house in New York can be a challenging task, but with proper planning and execution, it can be a rewarding experience. By creating a realistic budget, hiring a licensed and experienced contractor, obtaining all the necessary permits, planning for disruptions, and maintaining effective communication, you can ensure that your remodel is completed on time, within budget, and to your satisfaction.

Home Ownership

by Eric Lawrence Frazier MBA

Home ownership brings stability to individuals and families who have never had a dwelling place that they could call their own. There is something special about owning real estate that is unlike anything else on earth you can own.

Real Estate you own is not like cars that decay over time and you have to replace them.

Real Estate you own is not like clothes that go out of style and you have to buy new ones.

Real Estate you own is not like expensive vacations or experiences that only last a moment in time.

Real Estate you own is not like an apartment where the landlord may increase the rent until it’s no longer affordable.

Real Estate you own is not like staying at your parents house where you know can’t stay forever.

Home ownership is the beginning of wealth that increases over time and becomes your estate & legacy

Home ownership is the pride of a mother nurturer and the kitchen her domain

Home ownership is the pride of a father provider and protector of his territory and family.

Home ownership is the foundation of permanence and the place where life happens, birthdays celebrated, deaths mourned.

Home ownership is the place you build memories that can never be taken from you.

Memories etched in walls and concrete, experienced in rooms and floors,

Memories living in trees and shrubs planted by your hand.

Howe ownership is the manifestation of you - your style, your colors, your smell, your stuff, your junk, your memories, your yard and your spaces, your life.

It’s the height markers on your first child’s bedroom wall.

It’s the hearts drawn in the concrete slabs when you pour your patio floor

It’s the birthday parties, and anniversaries in the living room and kitchen.

It’s the back yard barbecue with friends, neighbors and family contentions

it’s the high school and college graduation, and wedding receptions

Its’ the family nights and block parties and the fellowship of family connections

Home ownership

It’s more than real estate. Land, brick and mortar, wood frame construction and chicken wire.

It’s more than money saved, gifts recieved and grants obtained

It’s more than the debt you incur to buy it.

It’s more than the payments you make to own it.

It’s more than the appreciation that comes with keeping it over time.

It’s memories, it’s family, and it’s life that can happen in one place

Until you say it’s time to move.