The Power Is Now Magazine | March, 2023

TAMI BONNELL

CEO of EXIT Realty Corp.

IMPORTANT STATEMENT OF COPYRIGHT:

The PIN Magazine™ is owned and published electronically by The Power Is Now Media, Inc. Copywrite 2022 The Power Is Now Media Inc. All rights reserved.

“The PIN Magazine” and distinctive logo are trademarks owned by The Power Is Now Media, Inc.

“ThePINMagazine.com”, is a trademark of The Power Is Now Media, Inc.

“Magazine.thepowerisnow.com”, is a trademark of The Power Is Now Media, Inc. No part of this electronic magazine or website may be reproduced without the written consent of The Power Is Now Media, Inc.

Requests for permission should be directed to: info@thepowerisnow.com

CONTENTS MARCH 2023

TPIN LIVING & LIFESTYLE

Pg. 20. At Home: making the most of lighting can keep moods lifted.

LEGAL NEWS

Pg. 24. Why the largest credit card companies are suppressing actual payment data on your credit report.

COMMUNITY NEWS

GREEN NEWS

Pg. 8. Gov. Newsom’s proposed budget cuts environment, climate programs.

ECONOMIC NEWS

Pg. 10. The ‘fair tax’ act would radically restructure the Nation’s Tax System in Favor of the Wealthy.

REAL ESTATE NEWS

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

COMMERCIAL NEWS

Pg. 14. Corporate landlords on the rise.

TECHNOLOGY NEWS

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

Pg. 26. CA reparations: interim report and recommendation.

POWER YOU

Pg. 28. 10 Affirmations for self-worth and love yourself more in 2023.

TPIN DESIGN

Pg. 30. A-list designers offer discount.

TPIN LIVIN

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

MORTGAGE SECTION

Pg. 34. How to get pre-approved for a home loan.

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. January 2023 Maryland Real Estate data, by Emerick Peace.

Pg. 47. What is a deed-restricted community? what to know before you buy or build a home, by Adriana Montes.

Pg. 51. 7 White lies that can destroy your homebuying chances, by Yvonne McFadden.

Pg. 55. 8 Popular tips that cost homeowners more in the long run, by Tamra Lee.

Pg. 61. Is a townhouse the right fit for you? Pros, cons, and what to consider before buying, by Walter Huff.

Pg. 63. 5 Facts about buying a home that is an estate, by Heith Mohler.

Pg. 69. Is making your curb more appealing underrated?, by Ruby Frazier.

Pg. 74. TAMI BONNELL, CEO of EXIT Realty Corp.

Pg. 79 Just how low can a lowball offer go today?, by Jenny Gonzalez.

Pg. 83. 10 benefits of owning vacation rentals, by Ian Batra.

Pg. 87. Simple steps minorities in LA can take before buying a home, by Briana Frazier

Pg. 91. Real Estate best practices, by Edwin Engelke

Pg. 95. How to get started selling your house, by Francine Marsolek.

Pg. 99. North Carolina Real Estate market data for Q1 2023: promising trends despite challenges, by Janet Petrozelle.

Pg. 103. 5 Crucial first steps for buying a home, by John Costigan.

Pg. 107. Is it hard to finance a new construction home in San Francisco?, by Norman Green.

Pg. 111. 5 Factors to consider when buying and selling a home at the same time, by Steven Rivkin.

Pg. 115. Even inflation couldn’t stop buyers in Costa Mesa from buying, by Eric L. Frazier MBA.

Pg. 119. Market update, by Monica Hill.

Pg. 123. How to love your home: a guide to embracing imperfections and finding joy, by Marina Ramirez.

Pg. 127. Are home warranties worth the cost?, by Brandy Nelson.

Pg. 131. Planning to sell your home? here’s how to protect and increase home value on a budget, by Jim Clifford.

Pg. 135. How cryptocurrency will impact Real Estate financing, by Jamar James.

Pg. 139. 5 tips to dealing with taxes in Los Angeles, by Dolores Golden.

Pg. 143. Here’s how to survive a house remodeling in New York, by Harriet Robertson.

March 2023 FROM THE EDITOR

Dear Readers,

We are delighted to present the latest edition of our real estate magazine, filled with insightful articles that cover various topics related to buying, selling, and owning a home. In this edition, we have gathered a diverse range of articles that offer valuable insights and practical advice to help you navigate the real estate market.

One of the essential considerations when purchasing a home is understanding the community’s restrictions. In our first article, “What Is a Deed-Restricted Community? What to Know Before You Buy or Build a Home,” we delve into the specifics of these restrictions and offer valuable insights into how to navigate them.

If you are interested in the latest real estate data, we have included two reports: “January 2023 Maryland Real Estate Data” and “North Carolina real estate market Data for Q1, 2023.” These articles provide a comprehensive overview of the current state of the housing market in these regions and offer valuable insights for potential buyers and sellers.

For those considering selling their homes, “How to Get Started Selling Your House” and “Planning to Sell Your Home? Here’s How to Protect and Increase Home Value on a Budget” offer practical tips to ensure that your home sells quickly and for the best possible price.

Buying a home that is part of an estate can come with its own set of unique challenges. In “5 Facts About Buying a Home that is an Estate” and “5 Factors to Consider When Buying and Selling a Home at the Same Time,” we provide information on what to expect and how to navigate these situations successfully.

As we approach retirement age, downsizing becomes a priority for many of us. “Tips for Downsizing for Retirement 2023” offers practical advice on how to reduce clutter and create a comfortable living space in your golden years.

In “Just How Low Can a Lowball Offer Go Today?” and “7 White Lies That Can Destroy Your Homebuying Chances,”

we provide insights into how to avoid common pitfalls when buying or selling a home.

For those who already own a home, “How to Love Your Home: A Guide to Embracing Imperfections and Finding Joy” offers tips on how to embrace imperfections and find happiness in your current living space.

In addition to our feature articles, we have included an interview with Brandy Nelson, where she offers her thoughts on whether home warranties are worth the cost.

Section 2 covers a range of topics, including how to get pre-approved for a mortgage in “Mortgage Pre-Approval: How to Get Pre-Approved for a Home Loan,” proposed budget cuts that could impact the environment in “Gov. Newsom’s proposed budget cuts environment, climate programs,” the potential impact of the Fair Tax Act on the nation’s tax system in “The ‘Fair Tax’ Act Would Radically Restructure the Nation’s Tax System in Favor of the Wealthy,” and why

the largest credit card companies are suppressing actual payment data on your credit report in “Why the Largest Credit Card Companies Are Suppressing Actual Payment Data on Your Credit Report.”

We conclude with a Menifee, CA market update in “Menifee, CA Market Update,” offering valuable insights into this growing real estate market.

We hope that our magazine provides you with valuable insights and information that you can use in your real estate endeavors. Thank you for reading!

Best regards,

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

Gov. Newsom’s proposed budget cuts environment, climate programs

On January 10, 2022, California Governor Gavin Newsom unveiled his proposed budget for the 2022-23 fiscal year, which includes significant cuts to environmental and climate programs. The budget proposal has sparked concerns among environmentalists and climate activists who argue that these cuts will not only have severe consequences for the state’s natural resources but also undermine California’s leadership on climate action.

The proposed budget cuts include a 10% reduction in funding for the California Department of Conservation, which oversees the regulation of oil and gas drilling and mining activities in the state. The department’s budget cut would result in a loss of $29 million, which would be a significant setback for the state’s efforts to reduce its reliance on fossil fuels.

Another proposed cut is to the State Coastal Conservancy, which is responsible for protecting California’s coastline and wetlands. The governor’s budget proposal includes a 25% reduction in funding for the conservancy, which would result in a loss of $10 million. This cut would have a significant impact on the conservancy’s ability to acquire and preserve sensitive coastal lands and protect them from development and other threats.

The budget proposal also includes cuts to several climate programs, including a 35%

reduction in funding for the Air Resources Board’s Low Carbon Transportation Program. This program provides incentives for the purchase of electric and other low-emission vehicles, as well as funding for infrastructure improvements that support alternative transportation modes. The proposed cut would result in a loss of $47 million, which would slow down the transition to clean transportation in California.

In addition, the budget proposal includes a 10% reduction in funding for the Strategic Growth Council, which oversees the implementation of the state’s climate policies. The council’s budget cut would result in a loss of $8 million, which would limit its ability to fund projects that reduce greenhouse gas emissions and promote sustainable development in the state.

The governor’s budget proposal has drawn criticism from environmental and climate groups, who argue that these cuts will have severe consequences for California’s natural resources and undermine the state’s leadership on climate action. In a joint statement, several environmental organizations, including the Sierra Club and the Natural Resources Defense Council, called on the governor to restore funding for environmental and climate programs.

In response to the criticism, the governor’s office defended the budget proposal, arguing that the

cuts were necessary to address the state’s budget deficit, which has been exacerbated by the COVID-19 pandemic. The governor’s office also noted that the budget proposal includes funding for several other environmental and climate programs, such as the Clean Water State Revolving Fund and the Climate Catalyst Fund, which support the development of clean technologies.

Despite the budget cuts, California remains a leader on climate action and environmental protection. The state has set ambitious goals to reduce greenhouse gas emissions and transition to a clean energy economy, and it has implemented several policies and programs to achieve these goals. For example, California has a goal to achieve carbon neutrality by 2045, which means that the state will have to reduce its greenhouse gas emissions to zero and offset any remaining emissions through carbon sequestration or other means. The state has also implemented a cap-and-trade program, which places a limit on the amount of greenhouse gases that certain industries can emit and allows companies to trade emissions allowances. The state has also set a goal to achieve 100% clean energy by 2045, which means that all of the state’s electricity will come from renewable sources like wind, solar, and geothermal.

to protect its natural resources, such as its forests, rivers, and coastlines. The state has implemented several programs to reduce the risk of wildfires, which have become more frequent and intense in recent years due to climate change. California has also implemented a comprehensive water management plan, which aims to ensure that the state’s water resources are used sustainably and efficiently. Despite these efforts, the governor’s proposed budget cuts highlight the challenges that California faces in balancing its budget and protecting its natural resources. While it is important to address the state’s budget deficit, it is also critical to invest in environmental and climate programs that protect California’s natural resources and promote a sustainable future.

California has also taken several measures

In conclusion, Governor Newsom’s proposed budget cuts to environmental and climate programs are concerning and have sparked criticism from environmental and climate groups. These cuts would result in a significant setback for California’s efforts to reduce its reliance on fossil fuels and protect its natural resources. While it is important to address the state’s budget deficit, it is also essential to invest in programs that promote a sustainable future and protect California’s environment. It is imperative that the governor and the state legislature work together to find a solution that balances the budget while also protecting California’s natural resources and addressing the climate crisis.

The ‘Fair Tax’ Act Would Radically Restructure the Nation’s Tax System in Favor of the Wealthy

The United States tax system is a complex web of regulations and laws that determines how much individuals and businesses pay in taxes each year. The system has undergone numerous changes over the years, with the goal of making it more equitable and efficient. One proposed change that has garnered significant attention in recent years is the “Fair Tax” act. The Fair Tax act would radically restructure the nation’s tax system in favor of the wealthy. In this blog post, we will explore what the Fair Tax act is, how it would work, and why many experts believe it would be detrimental to the U.S. economy and society.

WHAT IS THE FAIR TAX ACT?

The Fair Tax act is a proposed piece of legislation that would replace all federal income taxes, payroll taxes, and estate taxes with a single national sales tax. The tax rate would be set at 23% on all goods and services, with no exemptions, deductions, or credits allowed. This means that every time a consumer purchases a good or service, they would pay an additional 23% on top of the cost of the item.

The Fair Tax act is designed to be revenueneutral, meaning that it would not increase

or decrease the total amount of tax revenue collected by the federal government. Instead, it is intended to simplify the tax code, reduce compliance costs, and encourage economic growth.

HOW WOULD THE FAIR TAX ACT WORK?

Under the Fair Tax act, individuals would no longer need to file federal income tax returns. Instead, the national sales tax would be collected by retailers at the point of sale and remitted to the federal government. Businesses would still need to file tax returns, but they would no longer need to calculate and withhold payroll taxes from employee wages. Instead, businesses would pay a tax on their gross receipts, minus the cost of goods sold and capital expenditures.

Proponents of the Fair Tax act argue that it would be a more efficient and fair way to collect taxes. They point out that the current tax system is overly complex, with numerous exemptions, deductions, and credits that favor certain individuals and industries over others. The Fair Tax act would eliminate these special interests and create a level playing field for all taxpayers.

WHY IS ACT CONTROVERSIAL?

Despite its stated goals, the Fair Tax act has been the subject of significant controversy and criticism. Many experts believe that the Fair Tax act would have a number of negative consequences for the U.S. economy and society.

One of the main criticisms of the Fair Tax act is that it would be regressive, meaning that it would disproportionately affect low-income individuals and families. Because the tax rate would be the same for everyone, regardless of income, lower-income individuals would end up paying a larger percentage of their income in taxes than higher-income individuals. This could exacerbate income inequality and make it more difficult for low-income families to make ends meet.

Another concern is that the Fair Tax act could lead to a significant decrease in tax revenue, particularly in the short term. Because the tax rate would be lower than the current income tax rate, the government would initially collect less revenue from taxes. This could create a budget shortfall that would need to be made up through spending cuts or increased borrowing.

The Fair Tax act is also controversial because it would result in a major restructuring of the tax system with significant implications for businesses, individuals, and the economy as a

whole. The potential consequences of such a change are difficult to predict, so any tax reform proposals must be carefully analyzed and debated to ensure that they meet the objectives of fairness, simplicity, and efficiency.

Finally, the Fair Tax act could have a negative impact on the economy by reducing consumer spending. Because the tax would be applied to all goods and services, including necessities like food and clothing, consumers would end up paying more for everyday items. This could lead to a decrease in disposable income and a slowdown in economic growth.

In conclusion, the Fair Tax act is a highly controversial proposal that would represent a significant restructuring of the tax system. While supporters argue that it would simplify the tax code and promote economic growth, opponents warn that it would be regressive and lead to a decrease in tax revenue. Ultimately, any tax reform proposal must be carefully analyzed and debated to ensure that it meets the objectives of fairness, simplicity, and efficiency. The Fair Tax act is just one proposal for tax reform, and policymakers must consider a range of options to create a tax system that supports the needs of all Americans.

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.

Corporate Landlords on the Rise

Over the past decades, a new type of landlord has emerged in the United States: corporate landlords. These are large, institutional investors who purchase and operate single-family homes, townhomes, and condos as rental properties. While individual investors have been buying and renting out properties for years, the rise of corporate landlords has been fueled by the availability of cheap capital, the housing market crisis of 2008, and changing consumer attributes towards home ownership.

FACTORS THAT HAVE LED TO THE RISE OF CORPORATE LANDLORDS AVAILABILITY OF CHEAP CAPITAL

One of the many primary drivers behind the rise of corporate landlords is the availability of cheap capital. Following the housing market crisis of 2008, the Federal Reserve began a program of quantitative easing, which involved

buying large amounts of mortgage-backed securities in order to inject liquidity into the market. This drove down interest rates and made it cheaper for investors to borrow money to purchase properties. At the same time, institutional investors began to see single-family homes as a new asset class that could generate stable, long-term returns.

CHANGING ATTITUDES OF CONSUMERS TOWARDS HOME OWNERSHIP

Another factor that has contributed to the rise of corporate landlords is the changing attitudes of consumers towards home ownership. For many years, owning a home was considered a key part of the American dream. However, the housing market crisis of 2008 and the subsequent economic downturn made it much harder for many people to afford a home. In addition, many younger Americans are choosing to delay home ownership in

favor of renting, as they value the flexibility and the availability to move for work or personal reasons.

LOW INTEREST RATES

Low interest rates have made it easier for investors to finance the purchase of rental properties, and have made the returns on rental properties more attractive relative to other investments.

URBANIZATION AND DEMOGRAPHIC SHIFTS

Urbanization and demographic shifts such as an aging population and increasing numbers of single-person households have increased demand for rental housing in many urban areas.

ADVANCED TECHNOLOGY

Advances in technology have made it easier for corporate landlords to manage large numbers of rental properties such as online platforms for marketing, tenant screening and rent collection.

CONSOLIDATION IN THE RENTAL MARKET

The rental market has become more consolidated in the recent years with larger companies acquiring smaller ones and gaining greater market share

REGULATORY CHANGES

Changes such as rent control laws and eviction moratoriums, have made it more difficult for small scale land lords to operate while larger companies may have more resources to navigate.

FLEXIBILITY OF WORK MODE

Corporate landlords have also benefitted from the changing nature of work. As more jobs

become remote or location-independent, workers are increasingly able to move around the country without having to worry about being tied down to a particular location. This has created a new class of renters who are looking for high-quality, professionally managed rental properties that can offer them the flexibility they need.

ADVANTAGES OF CORPORATE LANDLORDS

DIVERSIFICATION

They can diversify their rental portfolios across multiple markets thus reducing the risk of losses due to local economic conditions or other factors that may arise.

ACCESS TO FINANCING

The landlords make it easier to access financing for property acquisitions and renovations due to their size and financial resources.

BRAND RECOGNITION

Corporate landlords benefit from brand recognition and marketing power thus making it easier to attract tenants and command higher rents.

LEGAL AND REGULATORY COMPLIANCE

They have more resources to ensure compliance with legal and regulatory requirements such as fair housing laws and building codes are met.

PROFESSIONAL MANAGEMENT

The landlords hire a professional management team that handles tasks such as marketing, tenant screening, rent collection and maintenance hence freeing up time for the landlord to focus on gaining investments.

However, there are also concerns that have been raised about the rise of corporate landlords. One of the primary concerns is that they may drive up rental prices and make it harder for low-income renters to find affordable housing. There is also concern that corporate landlords may be less responsive to the needs of their tenants, as they are primarily focused on maximizing profits for their investors. As the trend continues, it would be very important to monitor its impact and ensure that tenants are protected and their needs are being met.

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.

At Home: Making the Most of Lighting Can Keep Moods Lifted

Lighting is an essential element in our daily lives, and it has a significant impact on our mood, productivity and overall well-being. Proper lighting can keep our moods lifted and energized throughout the day while inadequate or poor lighting can have the opposite effect. Therefore, it is important to understand the effects of lighting on our moods and how can we make the most of lighting to improve our mental health.

THE EFFECT OF LIGHTING ON OUR MOOD

Lighting has a profound effect on our mood and mental health. Natural light exposure has been shown to reduce stress, anxiety and depression while inadequate lighting can lead to feelings of fatigue, lethargy and depression. Light also regulates our body’s internal clock, which controls our sleep-wake cycle, metabolism and hormone production.

Bright light exposure in the morning has been found to be particularly effective in regulating our body’s internal clock and improving our mood. Exposure to bright light early in the morning can help to reset our circadian rhythms and increase our energy levels, making us feel more alert and awake throughout the day. On the other hand, exposure to bright light in the evening can disrupt our sleep-wake cycle and make it harder to fall asleep at night.

HOW TO MAKE THE MOST OF LIGHTING TO KEEP MOODS LIFTED?

GET NATURAL LIGHT EXPOSURE

Spending time outdoors or near windows during the day can help to increase our energy levels and boost your mood.

USING WARM COLORS

Warm colors such as yellow, orange and red can create a cozy and welcoming atmosphere that can lift your mood. You can also use these colors in your lighting fixtures or in your décor and accessories.

USE DIMMERS

Install dimmer switches on your lighting fixtures to adjust the brightness of your lights according to your mood. This can help create a more relaxed and calming environment.

TASK LIGHTING

Use task lighting in areas where you need to concentrate, such as your desk or work area. This can help improve your focus and productivity. Soft lighting can help reduce stress and anxiety levels, making it easier to relax and

PHOTO FROM 123RF

unwind. They also reduce eye strain and fatigue hence making it easier for someone to complete their tasks successfully.

DECORATIVE LIGHTING

Use decorative lighting such as string lights to create a warm cozy ambience. This can help reduce stress and anxiety and promote relaxation. Decorative lighting can also create a more inviting atmosphere, making it easier to socialize and connect with others.

LIGHT BULBS

Choose light bulbs that emit warm and natural light such as LED or CFL bulbs. Avoid cool or blue light bulbs which can disrupt sleep patterns and affect your mood.

REASONS WHY IT’S BENEFICIAL TO INCORPORATE LIGHTING TO BRIGHTEN UP YOUR MOOD BOOST ENERGY

Expose to natural light and bright artificial light can help boost your energy levels and reduce fatigue. This can improve your productivity and overall wellbeing.

REDUCE STRESS

Soft and warm lighting can help create a relaxing and calming environment, which can reduce stress and anxiety levels.

IMPROVES MOOD

Bright and warm lighting can help improve your mood and create a more positive atmosphere. This can have a positive effect on your mental health and overall well-being.

PROMOTES BETTER SLEEP

Exposure to bright light during the day can help regulate your sleep pattern, making it easier to fall asleep at night and wake up feeling refreshed.

ENHANCES FOCUS AND PRODUCTIVITY

Good lighting design can help improve your focus and productivity, especially in areas where you need to concentrate such as your workspace or study area.

Incorporating the right lighting into your home or workspace can have a significant impact on your mood and well-being. By maximizing natural light, using warm colors, install dimmers, and avoid harsh lighting, you can create a more inviting and relaxing environment that promotes a positive mood and reduces stress and anxiety levels. Remember to choose light bulbs that emit warm and natural light and consider using decorative lighting to create a cozier and welcoming atmosphere. With these tips, you can make the most of lighting and keep moods lifted.

Why the largest credit card companies are suppressing actual payment data on your credit report

Credit reports are essential documents that contain a person’s financial history, including their payment history, outstanding debts, and credit inquiries. These reports are used by financial institutions and lenders to evaluate a person’s creditworthiness and decide whether or not to lend them money or issue a credit card. However, recent studies have shown that the largest credit card companies are suppressing actual payment data on credit reports, which can have significant consequences for consumers. In this article, we will discuss the reasons behind this suppression of payment data and how it affects consumers.

REASONS FOR SUPPRESSION OF PAYMENT DATA:

There are few reasons why credit card companies are suppressing actual payment data on credit reports. Some of them are:

1. INCOMPLETE DATA: Credit card companies may not report all payment data to credit bureaus because they don’t have complete information about the consumer’s credit history. For example, if a consumer has a credit card from a different issuer, the current issuer may not be aware of their payment history on that card.

2. PROTECTING PROFIT MARGINS: Credit card companies make money through interest and fees charged to consumers. By

suppressing payment data, they can keep consumers in debt longer and charge more interest and fees.

3. IMPROVING CUSTOMER RETENTION: If a credit card company reports missed or late payments, it can harm the consumer’s credit score and make it more difficult for them to obtain credit in the future. By suppressing this information, the company may be able to retain customers who would otherwise leave due to negative marks on their credit report.

4. PROTECTING BRAND REPUTATION: Credit card companies may suppress payment data to avoid negative publicity or brand damage. Reporting missed or late payments can lead to negative press and damage the company’s reputation, especially if the consumer has a high-profile or sensitive occupation (e.g., public officials, military personnel, etc.).

5. LEGAL LIABILITY: Reporting missed or late payments on a credit report may expose the credit card company to legal liability if they are not following proper procedures. By suppressing this information, they can avoid legal issues and potential lawsuits.

6. LACK OF REGULATORY OVERSIGHT: There is no law or regulation that requires credit card companies to report complete payment data to credit bureaus. This lack of

oversight makes it easier for companies to suppress payment data without facing any consequences.

IMPACT ON CONSUMERS:

The suppression of payment data on credit reports can have a significant impact on consumers including:

1. DIFFICULTY OBTAINING CREDIT: A credit report is a critical factor that lenders use to determine a consumer’s creditworthiness. If payment data is suppressed, it may make it more difficult for consumers to obtain credit or loans.

2. HIGHER INTEREST RATES: If a credit card company suppresses payment data, it can lead to a lower credit score for the consumer. This can result in higher interest rates and fees for credit cards, loans, and other financial products.

3. NEGATIVE IMPACTS ON CREDIT SCORE:

Late or missed payments are one of the most significant factors that can negatively impact a consumer’s credit score. Suppressing payment data can make it difficult for consumers to maintain a good credit score, which can have long-term consequences for their financial well-being.

4. DIFFICULTY FINDING EMPLOYMENT:

Some employers may use credit reports as part of their hiring process, particularly for roles that require a high level of financial responsibility. If payment data is suppressed, it may harm a consumer’s chances of securing employment in these types of roles.

WHAT CAN CONSUMERS DO?

Fortunately, there are steps that consumers can take to ensure that their credit report is as accurate as possible:

1. REVIEW YOUR CREDIT REPORT: The first step in correcting payment data is to review your credit report from the major credit bureaus. This will give you a clear picture of what information is being reported, and whether any payment data has been suppressed or inaccurately reported.

2. DISPUTE INACCURACIES: If you notice any inaccuracies or incomplete information on your credit report, you should dispute them with the credit bureaus. You can do this by submitting a dispute letter or filing a dispute online. The credit bureau will then investigate your claim and correct any errors or inaccuracies.

3. CONTACT YOUR CREDIT CARD COMPANY: If payment data has been suppressed or not reported, you can contact your credit card company and request that they report the information to the credit bureaus. Be prepared to provide documentation to support your claim, such as payment receipts or bank statements.

Overall, the suppression of payment data on credit reports is a harmful practice that must be addressed by regulators and policymakers. Consumers deserve to have accurate and complete information on their credit reports, and credit card companies should be held accountable for any actions that suppress this information.

CA Reparations: Interim Report and Recommendation

California has released an interim report and recommendation on reparations, marking a significant step in the state’s efforts to address the historic injustices faced by Black Americans. The report, which was released on January 27, 2023, details the state’s progress in addressing the legacy of slavery and racism, and offers recommendations for further action.

The report was the result of a two-year study by the California Reparations Task Force, which was established in 2020. The task force was charged with studying the impact of slavery, segregation, and discrimination on Black Americans in California, and developing recommendations for reparations.

The report acknowledges the “horrific and lasting impact” of slavery and racism on Black Americans in California, and notes that these injustices have been perpetuated through policies such as redlining, segregation, and police brutality. It also highlights the ways in which Black Californians have been excluded from opportunities for economic, educational, and social advancement.

RECOMMENDATIONS ON CALIFORNIA REPARATIONS

1. Creating a reparations program to provide compensation to descendants of enslaved people and others who have been harmed by systemic racism. This program would be funded through a variety of sources, including private donations, state appropriations, and federal grants.

2. Developing educational programs to teach Californians about the state’s history of racism, including the impact of slavery, segregation, and discrimination.

3. Establishing a truth and reconciliation commission to examine past injustices and provide recommendations for addressing ongoing disparities.

4. Developing policies to address ongoing disparities in housing, healthcare, and criminal justice, including initiatives to increase access to affordable housing, healthcare, and legal services.

5. Supporting initiatives to increase access to education and job training programs for Black

Californians, including expanding funding for historically Black colleges and universities and creating job training programs in highgrowth industries.

6. Providing support for community-based organizations that serve Black Californians, including organizations that provide legal services, mental health services, and other forms of support.

The report offers several recommendations for addressing these injustices, including the creation of a reparations program to provide compensation to descendants of enslaved people and others who have been harmed by systemic racism. The program would be funded through a variety of sources, including private donations, state appropriations, and federal grants.

In addition to compensation, the report recommends several other measures to address the legacy of slavery and racism in California. These include the creation of educational programs to teach Californians about the state’s history of racism, the establishment of a truth and reconciliation commission to examine past injustices, and the development of policies to address ongoing disparities in housing, healthcare, and criminal justice.

The report also acknowledges that the work of reparations is ongoing, and that there is much more to be done. “Reparations are not a onetime event, but a continuous process of repair and healing,” the report notes.

HOW HAS THE INTERIM REPORT OF CALIFORNIA REPARATIONS BEEN OF BENEFIT?

INCREASED AWARENESS

The release of the report has brought increased attention to the history of racism and systemic oppression in California and has helped to raise awareness of the ongoing impacts of these injustices.

HEALING AND RECONCILIATION

The report’s recommendations for establishing a truth and reconciliation commission and developing educational programs are intended to promote healing and reconciliation by acknowledging past wrongs and working towards a more just and equitable future.

REPARATIONS

The report’s recommendation for creating a reparations program has the potential to provide compensation to descendants of enslaved people and others who have been harmed by systemic racism.

POLICY CHANGES

The report’s recommendations for developing policies to address ongoing disparities in housing, healthcare, and criminal justice could help to improve access to these essential services for Black Californians.

COMMUNITY SUPPORT

The report’s recommendation for providing support to community-based organizations that serve Black Californians could help to increase access to critical services such as legal services and mental health services.

The release of the interim report has been met with both praise and criticism. Supporters of reparations have praised the report’s recommendations as a significant step towards addressing historic injustices, while critics have argued that the report’s recommendations are too costly and that reparations are not an effective way to address ongoing disparities.

Despite the criticism, the release of the report marks an important milestone in California’s efforts to address the legacy of slavery and racism. As the report notes, “The goal of reparations is not simply to provide compensation, but to acknowledge the harm that has been done and to work towards a more just and equitable future for all Californians.

10 Affirmations for Self-Worth and Love Yourself More in 2023

Self-worth and self-love are crucial for our mental and emotional well-being. Unfortunately, it’s easy to forget our own worth and value, especially in a world that constantly tells us we need to be better, thinner, smarter or richer. It’s time to let go of those negative self-beliefs and embrace positive affirmations that encourage self-love and self-acceptance.

AFFIRMATIONS OF SELF - WORTH AND SELF - LOVE

I AM WORTHY OF LOVE AND RESPECT

Start your day by reminding yourself that you are worthy of love and respect. Repeat this affirmation to yourself several times until it sinks in. This affirmation can help you believe in your worth and value, and it can help you stand up for yourself when others to bring you down.

I AM DESERVING OF ALL GOOD THINGS

Believe that you deserve good things in life such as happiness, success and abundance. This affirmation can help you let go of negative beliefs that hold you back and allow you to embrace positive opportunities that come your way.

I AM GRATEFUL FOR MY STRENGTHS AND WEAKNESSES

Accept yourself fully, including your strengths and weaknesses. This affirmation can help you embrace your unique qualities and let go of the need to compare yourself to others. Recognize that your imperfections make you who you are and celebrate them.

I AM CONFIDENT IN MY ABILITIES

Believe in your abilities and trust that you can accomplish anything you set your mind to, this affirmation can help you build confidence and overcome self-doubt. Remember that you are capable of achieving great things.

I AM IN CONTROL OF MY THOUGHTS AND EMOTIONS

Take ownership of your thoughts and emotions and don’t let them control you. This affirmation can help you develop emotional intelligence and improve your mental health. Remember that you have the power to choose how you react to situations.

I AM WORTHY OF SELF-CARE AND SELFCOMPASSION

Make self-care and self-compassion a priority in your life. This affirmation can help you prioritize your own needs and take care of yourself. Remember that you cannot pour from an empty cup and it’s okay to take care of yourself first.

I AM SURROUNDED BY POSITIVE AND SUPPORTIVE PEOPLE

Surrounding yourself with positive and supportive people who lift you up and encourage you. This affirmation can help you let go of toxic relationships and embrace healthy ones that bring you joy and fulfilment.

I AM WORTHY OF PURSUING MY DREAMS

Believing in your dreams and pursue them with passion and purpose. This affirmation can help you overcome fear and doubt and pursue your goals with purpose with confidence. Remember that your dreams are worth pursuing.

I AM GRATEFUL FOR MY JOURNEY AND EXPERIENCES

Be grateful for your journey and experiences, both good and bad. This is affirmation can help you find meaning and purpose in your life and embrace the lessons along the way.

I LOVE AND ACCEPT MYSELF

UNCONDITIONALLY Love and accept yourself unconditionally, flaws and all. This affirmation can help you embrace selflove and self-acceptance and let go of negative self-beliefs. Remember that you are worthy of your love and acceptance and it starts with loving and accepting yourself first.

Self-worth and self-love are essential for your mental and emotional well-being. By incorporating positive affirmations into your daily routine, you can develop a more positive self-image and embrace self-love and self-acceptance. Remember that affirmations can take time and practice, so be patient with yourself and keep repeating these affirmations until they become second nature. With the affirmations of selfworth and loving yourself more this year, you can start the year off with a positive mindset and a renewed mindset.

A-list designers offer discount

The fashion industry has been hit hard by the COVID-19 pandemic, with fashion shows canceled and retail stores closed. As a result, many designers have had to adapt to the new reality and find new ways to connect with their clients. One trend that has emerged in recent months is the rise of virtual styling services, with top designers offering their services online at a discount.

Virtual styling services allow clients to connect with designers and stylists online, without the need for in-person meetings. This has become increasingly important during the pandemic, as many people are avoiding in-person interactions and are looking for ways to shop and get fashion advice from the comfort of their own homes.

A-list designers are now offering virtual styling services at a discount hence giving clients an opportunity to work with some of the most talented and sought-after designers in the fashion industry at a more affordable price point. These virtual styling services typically involve a video call or phone consultation, during which the designer will get to know the client’s style and preferences and then offer personalized advice and recommendations.

FACTORS THAT CONTRIBUTED TO THE RISE OF VIRTUAL STYLING SERVICES

INCREASED RELIANCE ON TECHNOLOGY

With the widespread use of smartphones and other mobile devices, virtual styling services have become more accessible to a wider audience. Clients can access virtual styling services through apps, websites and digital platforms.

CHANGING CONSUMER BEHAVIORS

Consumers are increasingly turning to online shopping and digital channels for their fashion needs. Virtual styling services allow consumers to shop and receive styling advice online, without needing to visit physical stores.

Shift towards sustainable fashion

Virtual styling services can help promote sustainable fashion practices by encouraging clients to buy fewer items of clothing, wear them more often, and invest in high-quality, long-lasting pieces.

PANDEMIC-RELATED RESTRICTIONS

The COVID-19 pandemic has led to increased demand for virtual styling services, as clients

are unable or unwilling to visit physical stores or meet with stylists in person.

BENEFITS OF VIRTUAL STYLING SERVICES

CONVENIENCE

The clients can access the services of top designers and stylists from anywhere in the world, without the need for travel or in-person consultations thus making it easier for clients to fit fashion advice and shopping into their busy lives.

PERSONALIZATION

The clients receive personalized advice and recommendations based on their unique style and preferences. Designers and stylists take the time to get to know their client and their fashion goals thus providing tailored recommendations that are specific to their individual needs.

HIGH-QUALITY CRAFTSMANSHIP

A-list designers are renowned for their attention to detail and use of high-quality materials. They work with skilled artisans and craftspeople to create garments that are expertly crafted and build to last.

INNOVATIVE DESIGN

A-list designers are often at the forefront of fashion trends and are known for pushing boundaries and experimenting with new ideas. They bring a fresh perspective to the industry and inspire other designers to take risks and try new things.

BRAND RECOGNITION

A-list designers are often associated with highend, luxury brands that have a strong reputation in the industry. By working with an A-list designer, clients can access this brand recognition and associate themselves with a certain level of prestige and sophistication.

INDUSTRY INFLUENCE

A-list designers have a significant influence on

the fashion industry as a whole. Their designs and trends often set the tone for the for the season and can influence the work of other designers, retailers and fashion enthusiasts.

COST EFFECTIVE

Virtual stylists charge lower rates due to the reduced overhead costs of operating a physical store.

Despite the challenges posed by the pandemic, A-list designers are finding innovative ways to connect with clients and provide design services from a distance. And by offering virtual consultations at a discount, they are making it easier for clients to access their expertise and experience the thrill of a custom-designed garment, even during these difficult times.

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.

How to Get Pre-Approved for a Home Loan

Buying a home is an exciting milestone for many people, but it can also be a daunting process, especially when it comes to financing. That’s why mortgage pre-approval is an essential step in the home buying process. A mortgage pre-approval is a preliminary evaluation of your creditworthiness and borrowing capacity that provides you with an estimate of how much you can borrow from a lender. Here’s what you need to know about getting pre-approved for a home loan.

WHAT IS MORTGAGE PRE-APPROVAL?

Mortgage pre-approval is the process of getting a preliminary evaluation of your creditworthiness and borrowing capacity from a lender. Preapproval provides you with an estimate of how much you can borrow and sets you up for a smoother home buying process. This preapproval is based on a review of your financial documents and credit history, and it can give you an idea of the interest rate and terms of the loan you can expect.

WHY SHOULD YOU GET PRE-APPROVED FOR A HOME LOAN?

Getting pre-approved for a home loan has several advantages. First, it gives you an idea of how much you can afford to borrow, which helps you set a realistic budget for your home purchase. Second, pre-approval can save you time by helping you narrow down your home search to properties that fall within your budget. Third, it gives you an advantage over other buyers who are not pre-approved, especially in a competitive housing market where multiple offers are common.

PROCESS OF GETTING PRE-APPROVED FOR A HOME LOAN?

The process of getting pre-approved for a home loan is straightforward, but it requires some preparation. Here are the steps you should take:

1. CHECK YOUR CREDIT SCORE: Your credit score is a critical factor in determining your creditworthiness, and it can affect the interest rate and terms of your mortgage. You can check your credit score for free at several

online credit bureaus, such as Experian, TransUnion, or Equifax.

2. GATHER FINANCIAL DOCUMENTS: To get pre-approved for a home loan, you’ll need to provide the lender with various financial documents, including:

3. PROOF OF INCOME: Pay stubs, W-2s, tax returns, and bank statements.

4. PROOF OF ASSETS: Bank statements, retirement account statements, and investment account statements.

5. PROOF OF DEBT: Credit card statements, auto loan statements, and other debt statements.

6. CHOOSE A LENDER: You can get preapproved for a home loan from a bank, credit union, or mortgage lender. Shop around and compare rates and terms from different lenders to find the best option for you.

7. SUBMIT YOUR APPLICATION: Once you have chosen a lender, you’ll need to complete a pre-approval application. The lender will review your financial documents and credit score to determine your creditworthiness and borrowing capacity. This process usually takes a few days to a week.

8. RECEIVE YOUR PRE-APPROVAL LETTER: If you’re approved for a mortgage, you’ll receive a pre-approval letter from the lender. This letter will outline the loan amount, interest rate, and terms of the mortgage.

TIPS FOR GETTING PRE-APPROVED FOR A HOME LOAN

To increase your chances of getting preapproved for a home loan, here are some tips to help you get pre-approved for a home loan:

1. IMPROVE YOUR CREDIT SCORE: If your credit score is lower than you’d like, there

are several steps you can take to improve it, such as paying down debt, making payments on time, and disputing errors on your credit report.

2. SAVE FOR A DOWN PAYMENT: While you can get a mortgage with as little as 3% down, a larger down payment can help you get a better interest rate and reduce your monthly payments. Aim for a down payment of at least 20% to avoid paying private mortgage insurance (PMI)

3. DON’T MAKE LARGE PURCHASES OR OPEN NEW CREDIT ACCOUNTS: Avoid making any large purchases or opening new credit accounts during the pre-approval process. This can negatively impact your credit score and affect your borrowing capacity.

4. BE PREPARED TO PROVIDE ADDITIONAL DOCUMENTATION: Your lender may require additional documentation during the pre-approval process, such as proof of rental history, explanation letters for credit inquiries or gaps in employment, and divorce decrees or child support agreements.

5. ASK QUESTIONS: Don’t hesitate to ask your lender questions about the pre-approval process, including the interest rate, terms, and any fees associated with the loan.

In conclusion, Getting pre-approved for a home loan is an essential step in the home buying process. It provides you with an estimate of how much you can borrow and helps you set a realistic budget for your home purchase. To get pre-approved, you’ll need to check your credit score, gather financial documents, choose a lender, submit your application, and receive your pre-approval letter. By following these steps and tips, you can increase your chances of getting pre-approved for a home loan and make your home buying process smoother and more enjoyable.

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.

PHOTOS FROM 123RF

January 2023 Maryland Real Estate Data

By Emerick Peace

Maryland’s real estate market has been one of the most active and dynamic in recent years. The COVID-19 pandemic, historically low-interest rates, and a surge in demand for suburban and rural living have all contributed to the current state of the market. In January 2023, the Maryland real estate market experienced some significant changes, which have affected the industry’s dynamics, it’s essential to take a closer look at the January 2023 Maryland real estate data to understand the latest trends and how they may impact buyers, sellers, and investors.

OVERVIEW OF MARYLAND REAL ESTATE DATA FOR JANUARY 2023:

In January 2023, the Maryland real estate market experienced a surge in demand, which led to an increase in home prices. According to the Maryland Association of Realtors, the statewide median home price in the state increased by 8.5% compared to the same month in 2022. The average price of a single-family home in Maryland was $420,000, which was an increase of $340,000 from the previous year. This increase in prices can be attributed to several factors, including low inventory, high demand, and low-interest rates.

Another notable trend in the Maryland real estate market was the decrease in the number of homes for sale. The inventory of homes for

PHOTOS FROM 123RF

sale in the state decreased by 15% compared to January 2022. This low inventory level has been a persistent problem in the real estate industry for the past few years, and it has contributed to the rise in home prices.

Another trend in the Maryland real estate market is the rise of remote work due to the COVID-19 pandemic. Many companies have adopted a hybrid or fully remote work model, allowing employees to work from anywhere. This shift in work culture has led to an increase in demand for homes in suburban areas, as people look for more spacious homes with outdoor spaces. The pandemic has also caused a shift in lifestyle, with many people reevaluating their priorities and choosing to move to areas with a better quality of life.

The average days on the market for homes in Maryland decreased by 12 days in January 2023 compared to the same month in 2022. This decrease in days on the market can be attributed to the high demand for homes in the state. Homebuyers are acting quickly to purchase homes due to lowinterest rates and the fear of missing out on an opportunity.

compared to 32.4% in the same month in 2022. This increase in homes selling above asking price is a clear indication of the high demand for homes in the state.

INSIGHTS AND IMPLICATIONS:

The Maryland real estate data for January 2023 indicates a robust and dynamic market, with high demand and low inventory levels. The increase in home prices is a positive sign for homeowners in the state, but it presents challenges for first-time homebuyers who are struggling to enter the market. The low inventory levels have made it difficult for homebuyers to find the right property, and the competition for available homes has increased, leading to bidding wars and homes selling above asking price.

The decrease in days on the market indicates that the market is moving quickly, and buyers need to act fast to secure a property. This trend also presents challenges for buyers who need more time to evaluate properties before making an offer.

pandemic has changed the way people live and work, and many are looking for more spacious homes in suburban areas. This trend has increased demand for single-family homes in Maryland, and it is likely to continue in the future.

The low inventory levels in Maryland are a concern for the industry, as it limits the number of homes available for sale. This trend could lead to a slowdown in the market, as buyers may become discouraged by the lack of available properties. The industry needs to address this issue by encouraging homeowners to list their properties for sale and by increasing new construction in the state.

The percentage of homes sold above asking price increased to 38.7% in January 2023

The high demand for homes in Maryland can be attributed to several factors, including low-interest rates, population growth, and an increase in remote work due to the COVID-19 pandemic. The

In conclusion, the Maryland real estate market is experiencing a dynamic and robust market with high demand and low inventory levels. The rise in home prices presents challenges for first-time homebuyers, but it is a positive sign for homeowners. The industry needs to address the issue of low inventory levels to ensure that the market remains accessible to all buyers. As the industry adapts to the changing market conditions, it will be interesting to see how the market evolves and how it impacts the economy and the lives of Maryland residents.

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.

What Is a Deed-Restricted Community?

What to Know Before You Buy or Build a Home

By Adriana Montes

If you are in the market for a new home, you may have heard the term “deed-restricted community” thrown around. But what does that mean, exactly? In short, a deed-restricted community is a residential area where property owners must adhere to certain rules and regulations outlined in a deed restriction. These restrictions can cover a wide range of issues, including property maintenance, architectural styles, and even the type of vehicles allowed in the community. For many people, living in a deed-restricted community offers a sense of security and a guarantee that their neighbors will maintain their properties to a certain standard. However, before you buy or build a home in a deed-restricted community, there are a few things you should know.

WHAT IS A DEED RESTRICTION?

First, let’s take a closer look at what a deed restriction is. When you purchase a property, you are given a deed that outlines your ownership of that property. The deed may also include certain restrictions that you must abide by. These restrictions are legally binding and are meant to protect the interests of the community as a whole.

Deed restrictions can cover a wide range of issues, including:

• Property maintenance: This can include rules about lawn care, landscaping, and exterior maintenance of the property.

• Architectural styles: Many deed-restricted communities have specific guidelines about

the type of architecture that is allowed within the community. This can include rules about roof lines, color schemes, and the types of building materials that can be used.

• Vehicles: Some communities have restrictions on the type of vehicles that are allowed in the community. This can include rules about the size, color, or type of vehicle that is allowed to be parked in driveways or on the street.

• Use of the property: Deed restrictions can also outline how the property can be used. For example, some communities may prohibit home-based businesses or limit the number of people who can live in a single residence.

WHAT ARE THE BENEFITS OF LIVING IN A DEED-RESTRICTED COMMUNITY?

There are several benefits to living in a deedrestricted community. First and foremost, these communities typically offer a high level of consistency in terms of property maintenance and architectural styles. This can help to maintain property values and ensure that the community remains a desirable place to live.

Deed-restricted communities may also offer certain amenities that are not available in other areas. For example, some communities have pools, parks, or other recreational facilities that are maintained by the community association.

Finally, living in a deed-restricted community can provide a sense of security and peace of mind. Because everyone in the community is required to abide by the same rules and regulations, there is a lower risk of property values being negatively impacted by neglectful neighbors or unsightly properties.

WHAT SHOULD YOU KNOW BEFORE BUYING OR BUILDING IN A DEEDRESTRICTED COMMUNITY?

While there are many benefits to living in a deed-restricted community, there are also some potential drawbacks. Before you buy or build a

home in one of these communities, here are a few things you should know:

• Read the deed restrictions carefully: Before you make an offer on a property in a deedrestricted community, be sure to read the deed restrictions carefully. Make sure you understand what is and is not allowed in the community before you commit to purchasing a property.

• Understand the community association: Many deed-restricted communities have a community association that is responsible for enforcing the deed restrictions. Make sure you understand how the association works and what its responsibilities are before you buy or build a home in the community.

• Know your rights: While deed restrictions are legally binding, they are not absolute. If you feel that your rights as a property owner are being violated, it’s important to know what legal recourse you have. Be sure to consult with an attorney if you have any questions or concerns.

• Consider resale value: While living in a deed-restricted community can help to maintain property values, it’s also important to consider the potential impact on resale value. Some buyers may be put off by the restrictions, while others may be attracted to the consistency and quality of life that comes with living in a well-maintained community.

Deed-restricted communities offer a range of benefits for homeowners, from maintaining property values to providing a sense of security and community. However, before you buy or build a home in one of these communities, it’s important to understand the restrictions and how they will impact your lifestyle and finances. By doing your research and carefully considering all of the factors involved, you can make an informed decision about whether a deedrestricted community is the right choice for you.

7 White Lies That Can Destroy Your Homebuying Chances

By Yvonne McFadden

Buying a home is one of the biggest financial decisions you’ll make in your life. It’s an exciting and emotional journey that requires a lot of preparation and research. But even with the best intentions, it’s easy to make mistakes that can derail your homebuying chances. One of the biggest mistakes is telling white lies. While they may seem harmless, these little lies can have major consequences. In this article, we’ll explore seven white lies that can destroy your homebuying chances and what you can do to avoid them.

1. “I HAVE A HIGHER INCOME THAN I ACTUALLY DO”

Lying about your income is a big mistake that can come back to haunt you. If you lie about your income, you may be approved

for a mortgage that you can’t actually afford, which can lead to financial trouble down the road. In addition, it’s important to remember that lenders will verify your income. If they discover that you lied, they may reject your application or offer you a lower loan amount. In some cases, it could even lead to legal consequences. Instead of lying about your income, focus on ways to increase your earning potential, such as asking for a raise or taking on a side hustle.

2. “I HAVE A HIGHER CREDIT SCORE THAN I ACTUALLY DO”

Your credit score is one of the most important factors that lenders consider when deciding whether to approve your mortgage application. Lying about your credit score can

PHOTOS FROM 123RF

have serious consequences. If the lender discovers that you lied, they may reject your application or offer you a higher interest rate than you would have received if you were honest. Instead of lying about your credit score, focus on ways to improve it. Paying your bills on time, keeping your credit card balances low, and disputing any errors on your credit report can all help to raise your score.

3. “I’M PLANNING TO STAY AT MY JOB FOR A LONG TIME”

When applying for a mortgage, lenders typically evaluate your job stability and income to determine your ability to repay the loan. If you tell a lender that you’re planning to stay at your job for a long time, but in reality, you’re considering changing jobs or starting a new business, it can raise red flags for the lender. Instead of lying, be honest about your job plans. If you’re planning to change jobs soon, it’s better to disclose that upfront so that the lender can take it into consideration when evaluating your application.

4. “I HAVE A LARGER DOWN PAYMENT THAN I ACTUALLY DO”

While it’s true that having a larger down payment can help you qualify for a larger mortgage and lower interest rates, lying about your down payment is not the solution. Lenders will verify your down payment, and if they discover that you lied, they may reject your application or offer you a higher interest rate. Instead of lying, focus on ways to save for a down payment, such as cutting back on expenses or increasing your income.

5. “I DON’T HAVE ANY OTHER DEBTS OR FINANCIAL OBLIGATIONS”

Lying about your debts and financial obligations can have serious consequences. Lenders will verify your debts, and if they discover that you lied, they may reject your application or offer you a lower loan amount.

Instead of lying, be honest about your debts and financial obligations. If you have a lot of debt, focus on ways to pay it down, such as creating a budget or consolidating your debts.

6. “I DON’T NEED A HOME INSPECTION”

A home inspection is a critical part of the homebuying process. It can help you uncover any potential issues with the property and avoid costly surprises down the road. If you lie about not needing a home inspection, it could be a red flag for the lender and put your financing in jeopardy. Instead of lying, always insist on a home inspection and use the results to negotiate with the seller or make an informed decision about the property.

7. “I DON’T NEED TO SHOP AROUND FOR A MORTGAGE”

Shopping around for a mortgage is a crucial step in the homebuying process. Different lenders offer different interest rates, fees, and terms, and shopping around can help you find the best deal for your needs. Lying about shopping around can hurt your chances of getting approved for a mortgage, as it may suggest that you are not serious about the process.

In summary, lying on a mortgage application can have severe consequences and can ultimately destroy your chances of buying a home. It’s essential to be truthful about your income, credit score, job stability, and financial obligations to ensure that you’re approved for a mortgage that you can afford. Lenders have extensive ways to verify the information provided in your application, and any discrepancies can lead to rejection of your application or even legal action. Be honest and transparent in your mortgage application, and you can increase your chances of getting approved for a mortgage and buying the home of your dreams.

8 Popular Tips That Cost Homeowners More in the Long Run

By Tamra Lee Ulmer

As a homeowner, you likely want to save money wherever you can. However, some cost-saving tips can end up costing you more in the long run if you don’t take a strategic approach. From using cheap materials to overlooking regular maintenance, these common mistakes can lead to expensive repairs and reduced home value over time. In this article, we will discuss eight popular tips that may seem like good ideas but can actually end up costing you more in the long run.

1. USING CHEAP MATERIALS

When it comes to home improvement projects, it can be tempting to save money by using cheaper materials. However, using cheap materials can actually end up costing you more in the long run. Cheap materials often don’t last as long, so you’ll end up needing to replace them sooner. Additionally,

cheap materials may not perform as well as higher-quality materials, which can lead to other problems down the line. For example, if you’re installing new flooring, cheaper options may wear down more quickly and require more frequent replacement. Always consider the long-term value of a product before making a decision based on price alone.

2. SKIPPING ON PROFESSIONAL HELP

Another way homeowners try to save money is by skipping professional help and doing everything themselves. While this may work for simple projects, more complex projects should be left to the professionals. Not only can DIY projects lead to costly mistakes, but they can also be dangerous Hiring a professional may seem more expensive up front, but it can save you money and frustration in the long run.

IGNORING REGULAR MAINTENANCE

Regular maintenance is important to keep your home in good condition and prevent problems from developing. However, many homeowners neglect regular maintenance tasks, such as cleaning gutters or changing air filters. Ignoring these tasks can lead to bigger problems down the line, such as water damage or a broken HVAC system. Regular maintenance may seem like a hassle, but it can save you a lot of money in the long run while extending the life of your home’s systems.

4. IGNORING ENERGY EFFICIENCY

Energy bills can be a significant expense for homeowners, but ignoring energy efficiency can end up costing you even more. Simple upgrades like sealing air leaks or adding insulation can significantly reduce your energy bills. Ignoring energy efficiency can also lead to the need for more expensive repairs down the line. For example, an HVAC system that has to work harder to heat or cool a poorly insulated home may wear out faster. Additionally, energy efficient upgrades may be eligible for tax credits or rebates, making them an even better investment.

5. OVERLOOKING WATER DAMAGE

Water damage can be a serious problem for homeowners, but many overlook it until it’s too late. Water damage can lead to mold growth, which can be hazardous to your health and expensive to remediate. Additionally, water damage can weaken the structure of your home and lead to costly repairs. If you notice signs of water damage, such as a musty smell or water stains, it’s important to address the problem as soon as possible.

6. CHOOSING TRENDY UPGRADES

Trendy upgrades may be popular at the moment, but they may not be the best longterm investment. Trendy upgrades can quickly go out of style, making your home look outdated. Additionally, trendy upgrades

may not be functional for your lifestyle or the needs of future buyers. When making upgrades, it’s important to consider the longterm value and appeal of the upgrade.

7. NOT GETTING MULTIPLE BIDS

When hiring a contractor for a home improvement project, it’s important to get multiple bids to ensure you’re getting a fair price. Not getting multiple bids can lead to overpaying for a project, which can be frustrating and costly. Additionally, getting multiple bids allows you to compare contractors and choose the one who offers the best value.

8. CHOOSING THE CHEAPEST CONTRACTOR

While it’s important to get a fair price for a home improvement project, choosing the cheapest contractor may not always be the best option. Cheap contractors may cut corners or use low-quality materials, leading to shoddy workmanship and the need for costly repairs down the line. When choosing a contractor, it’s important to consider their experience, reputation, and the quality of their work.

In conclusion, it’s important to be mindful of the potential long-term costs associated with popular tips and decisions for homeowners. While it may seem like you’re saving money in the short term, it can end up costing you more in the long run if you don’t take a strategic approach to maintaining and upgrading your home. By avoiding these common mistakes and taking a more thoughtful approach, you can save money and protect the long-term value of your home.

3.

PHOTOS FROM 123RF

Is a Townhouse the Right Fit for You? Pros, Cons, and What to Consider Before Buying

By Walter Huff

Atownhouse is a type of housing that is becoming increasingly popular among homebuyers. It is a multi-level house that shares a wall with one or more neighboring units. Townhouses are often found in urban or suburban areas and are usually less expensive than detached single-family homes. However, before making the decision to buy a townhouse, it is important to consider the pros and cons and determine if it is the right fit for your lifestyle and needs.

PROS OF LIVING IN A TOWNHOUSE:

1. AFFORDABILITY: Townhouses are often less expensive homes in the same area, making them a more affordable option for firsttime homebuyers or those on a budget.

2. LOW MAINTENANCE: Townhouses are generally low-maintenance because they

usually have smaller yards and require less upkeep than a single-family home. Many townhouse communities have homeowners’ associations (HOAs) that take care of exterior maintenance and landscaping, which can be a benefit to homeowners who don’t want to worry about maintenance tasks.

3. AMENITIES: Many townhouse communities offer shared amenities such as a pool, gym, or clubhouse. This can be a great benefit for homeowners who want access to these amenities without having to pay for them individually.

4. SECURITY: Townhouse communities often have security measures in place, such as gated entrances or security patrols. This can provide a sense of security for homeowners who value safety and peace of mind.

LOCATION: Townhouses are often located in urban or suburban areas that are close to shopping, restaurants, and entertainment options. This can be a benefit for homeowners who want to live in a convenient location with easy access to amenities.

CONS OF LIVING IN A TOWNHOUSE:

1. LACK OF PRIVACY: Townhouses share a wall with one or more neighboring units, which can result in a lack of privacy. Homeowners may be able to hear their neighbors’ conversations or noise from their units, which can be a concern for those who value privacy.

2. LIMITED SPACE: Townhouses are generally smaller than single-family homes, which can be a concern for homeowners who need more space for their families or possessions.

3. HOA FEES: Many townhouse communities have HOAs that charge fees for maintenance and shared amenities. These fees can add to the overall cost of owning a townhouse and may not be feasible for some homeowners.

4. RULES AND REGULATIONS: HOAs often have rules and regulations that govern how homeowners can use their units and shared amenities. This can be a concern for homeowners who value freedom and autonomy.

5. RESALE VALUE: Townhouses may not appreciate in value as much as singlefamily homes, which can be a concern for homeowners who want to build equity in their property.

SOME OF THE THINGS TO CONSIDER BEFORE BUYING A TOWNHOUSE ARE:

2. YOUR BUDGET: Townhouses are generally less expensive than single-family homes, but they may still be out of reach for some homebuyers. Consider your budget and how much you can afford to spend on a down payment, monthly mortgage payments, and HOA fees.

3. LOCATION: Townhouses are often located in urban or suburban areas, which can be a benefit for homeowners who want easy access to amenities. However, they may not be a good fit for homeowners who prefer a more rural or secluded location.

4. HOA FEES: Consider the HOA fees associated with the townhouse community you are considering. Make sure you can afford these fees and that they are reasonable for the amenities and services provided.

5. RESALE VALUE: Consider the potential resale value of the townhouse you are considering. Look at historical trends in the housing market and consider factors such as location, amenities, and the overall condition of the property.

1. YOUR LIFESTYLE: Townhouses may be a good fit for homeowners who want a lowmaintenance lifestyle and access to shared amenities. However, they may not be a good fit for homeowners who value privacy and autonomy.

In conclusion, a townhouse can be a great option for homeowners who want a low-maintenance lifestyle and access to shared amenities. However, it may not be a good fit for everyone. Before making the decision to buy a townhouse, consider the pros and cons and determine if it is the right fit for your lifestyle and needs. Take the time to research the townhouse community you are considering and make sure you can afford the associated costs. With careful consideration and planning, you can make an informed decision about whether a townhouse is the right fit for you. Ultimately, the decision to buy a townhouse or any other type of housing should be based on your personal preferences, budget, and lifestyle. By weighing the pros and cons and considering all the factors involved, you can make a decision that meets your needs and helps you achieve your long-term goals.

5 Facts About Buying a Home that is an Estate

By Heith Mohler

When it comes to buying a home, there are many factors to consider, and one such factor is whether the home is an estate. An estate home refers to a property that has been inherited or passed down through generations. While buying an estate home can be a unique and rewarding experience, there are certain factors to consider before making the purchase. In this article, we will explore five facts about buying an estate home.

1. Understand the Estate Sale Process Buying an estate home is different from buying a regular home, and the sale process can be more complex. Typically, an estate sale involves the sale of all the assets of a deceased individual, including their home. Several steps of selling an estate include

• PROBATE: This involves verifying the

deceased person’s will and ensuring that all debts and taxes are paid before the assets can be distributed to heirs or beneficiaries.

• PROPERTY APPRAISAL: Once the estate is in probate, an appraiser will assess the value of the property and other assets to determine a fair market value.

• LISTING THE PROPERTY: Once the property is appraised, the executor or administrator of the estate will list the property for sale. This may involve working with a real estate agent or selling the property at an auction.

• NEGOTIATING THE SALE: Buyers will make offers on the property, and the executor or administrator will negotiate with them to find a mutually acceptable price.

• CLOSING THE SALE: Once a price is agreed upon, the sale will be closed, and the proceeds will be distributed according to the

will or the laws of the state.

As a buyer, it is essential to understand the estate sale process and work closely with a real estate agent who has experience with estate sales.

2. POTENTIAL FOR PROPERTY DISREPAIR

Estate homes may have been vacant for a prolonged period, and as such, there may be some disrepair caused by lack of maintenance during the period. It is important to conduct a thorough inspection the property before making an offer. Inspections can help you identify any issues with the property that needs attention, such as water damage, mold, or structural problems. Depending on the extent of the repairs needed, it’s important to budget accordingly and work with a contractor or home inspector who has experience with estate properties. Additionally, estate homes may require unique repairs, such as repairs to historical features or specialty craftsmanship.

3. ESTATE HOMES MAY HAVE UNIQUE FEATURES

Estate homes may have unique features that set them apart from the other properties on the market. For example, the property may have a unique architectural style, be located in a desirable neighborhood, or may have historical significance. Estate plots also have larger plots of land or more spacious interiors than other homes in the area. These unique features may be attractive to buyers looking for a one-of-a-kind property. However, this uniqueness can also present challenges when it comes to renovations or

modifications. Depending on the property’s historical significance, there may be restrictions on the types of modifications that can be made to the property. It is essential to do your research and understand the property’s history and any restrictions before making an offer.

4. ESTATE HOMES MAY HAVE TITLE ISSUES

Title Issues Can Arise When buying an estate home, title issues can arise. Title issues can arise due to a variety of factors, including liens, judgments, or questions about the rightful ownership of the property. It’s important to work with a real estate attorney who can help you resolve any title issues and ensure a smooth transaction. Depending on the severity of the title issues, it may be necessary to delay the sale or renegotiate the purchase price.. A title company can help ensure that the title is clear and free of any issues before closing on the property.

5. FINANCING AN ESTATE HOME CAN BE CHALLENGING

Financing an estate home can be challenging due to the property’s unique features or condition. Lenders may be hesitant to provide financing for a property that requires significant repairs or has title issues. Additionally, if the property is located in a rural area or has unique zoning regulations, it may be more difficult to secure financing. It’s essential to work with a lender who has experience with estate properties and can provide financing options that meet your needs. In some cases, it may be necessary to obtain a renovation loan or purchase the property with cash.

In conclusion, buying an estate home can be a unique and rewarding experience, but it’s important to understand the sale process, potential for property disrepair, uniqueness, title issues, and financing challenges. Working with a real estate agent who has experience with estate sales and a title company and lender with experience with estate properties can help ensure a smooth and successful transaction. By doing your research and working with the right professionals, you can find the estate home of your dreams.

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.

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.

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

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.

TAMI BONNELL

Tammi Bonnell is a remarkable business leader who has made a significant impact in the real estate industry. As the CEO of EXIT Realty Corp. International, she has transformed the company into a thriving franchise that operates across North America and beyond. Bonnell’s rise to the top of the corporate ladder is a testament to her hard work, determination, and strategic vision. Despite facing numerous obstacles and setbacks throughout her career, she has persevered and overcome each one, inspiring others to pursue their dreams with passion and purpose. In this biographical essay, we will explore the life and achievements of Tammi Bonnell, examining her early years, her career trajectory, and the key lessons that can be gleaned from her remarkable journey.

EARLY LIFE AND EDUCATION

Tammi Bonnell’s early life was marked by a strong work ethic and a determination to succeed. She was born to Irish immigrants in Ohio, Canada. Her parents instilled in her the values of hard work, perseverance, and resilience. From an early age, she displayed a keen interest in business and entrepreneurship and at the 12, Bonnell began working cleaning houses on-site for builders in her hometown in Ontario. Despite the physical demands of this work, she embraced the opportunity to earn money and learn valuable skills that

would serve her well in her future career.

Bonnell’s entrepreneurial spirit soon emerged, and she began selling goods and services to her neighbors and classmates. At the age of 13, she sold her first house, a small cottage in her hometown, and realized that real estate was where her passion lay. She continued to sell on-site for builders until she was old enough to get her real estate license, which she did shortly after completing her studies at Wilfrid Laurier University.

Upon graduation, Bonnell embarked on a career in the real estate industry, working in various roles within the sector. It was during this time that she discovered her true calling and began to develop the skills and experience that would ultimately lead to her appointment as CEO of EXIT Realty Corp. International.

CAREER

After college, Bonnell began her career in the real estate industry as a sales agent with RE/ MAX. She quickly rose through the ranks, becoming a broker and then a regional director for the company. In 1999, she joined EXIT Realty, an International Real estate firm that was started in 1996 in Canada. She ended up buying the rights to the New England states. Her success as a franchisee led to her being hired as the company’s Executive Vice President of Operations in 2001. In this role, she was responsible for developing and implementing marketing programs that helped the company grow and expand. She also played a key role in developing the company’s signature branding, including the distinctive EXIT Realty logo. In 2002, she was promoted to president and In 2005, Bonnell was promoted to Chief Operating Officer of EXIT Realty. She became CEO of EXIT in 2012 and Under her leadership, the company has grown from a regional player to a global franchisor with over 650 offices in North America

and beyond and a little over 25,000 agents. In 2021, she became Co-chair of the company, a testament to her continued leadership and contributions to the company’s growth and success.

Under Bonnell’s leadership, EXIT Realty Corp International has become one of the most successful real estate companies in the world. The company has consistently been named to Entrepreneur Magazine’s Franchise 500 list and has been recognized for its innovative business model, agent training programs, and commitment to giving back to the community.

Bonnell’s vision and leadership have been instrumental in driving the company’s growth and success. She has been a driving force behind the company’s expansion into new markets and its continued growth and profitability. She has also been instrumental in developing new programs and initiatives that have helped agents and brokers achieve their goals and build successful businesses.

One of the most notable programs developed under Bonnell’s leadership is the EXIT Formula, a comprehensive training and education program that provides agents and brokers with the tools they need to succeed in the industry. The program covers everything from lead generation

and marketing to negotiation and closing deals and has helped thousands of agents and brokers build successful careers in real estate.

Bonnell is also a highly sought-after speaker and trainer, and she has traveled extensively to share her expertise and insights with others in the industry. She has spoken at conferences and events around the world and has been featured in numerous media outlets, including CNN, Fox News, and The New York Times. She is a frequent contributor to industry publications such as REALTOR Magazine. Whether she is speaking to a room full of agents and brokers or mentoring a new franchisee, Bonnell always brings her best to the table. She is an inspiration to all who know her, and she is a shining example of what can be achieved through hard work, determination, and a commitment to excellence. She is a firm believer in the power of education and has made it a priority to provide agents and brokers with the knowledge and tools they need to succeed.

In addition to her work in the real estate industry, Bonnell is also actively involved in several charitable organizations including the Muscular Dystrophy Association and the Habitat for Humanity Women’s Build program. She is a dedicated mentor and role model, and she takes pride in helping others achieve their goals and reach their full potential. She is also a strong advocate for the rights of women and children and is known for her commitment to empowering women in the real estate industry. She is a founding member of the Women’s Leadership Council for the National Association of REALTORS and has been instrumental in developing programs to help women advance in the industry. She is also the founder of the Spirit of EXIT program, which provides financial support to agents and their families in times of need.

member of the Veterans Association of Real Estate Professionals (VAREP) and has been recognized for her work in helping veterans and their families achieve the dream of homeownership. She has also been a strong advocate for the military community and has been recognized for her efforts to raise awareness of the unique challenges faced by military families.

Bonnell’s achievements and contributions have earned her numerous industry awards and accolades. In 2010, she was named one of the “Top 25 Women in Real Estate” by the Women’s Council of Realtors, and in 2016 she was named one of the “Most Influential Women in Business” by the Philadelphia Business Journal. She has also been named a “Women Worth Watching” by profiles in Diversity Journal in 2013 and has also been recognized as a “Woman of Influence” by HousingWire Magazine and has been featured in numerous industry publications and media outlets.

In addition to her professional and philanthropic work, Bonnel is a self-defense expert and has taught self-defense classes for at-risk you and at battered women’s shelters which she does sometimes with her husband Ed. Bonnell is a dedicated wife and mother. She and her husband have three children and three grandchildren.

Bonnell is also deeply committed to supporting veterans and military families. She is a

Overall, Tammi Bonnell is a highly respected and accomplished business leader who has made a significant impact in the real estate industry and beyond. Her dedication, passion, and commitment to excellence have earned her the admiration of colleagues and peers, and she is widely recognized as one of the most influential and successful women in real estate today. With her proven track record of success and her unwavering commitment to helping others achieve their goals, there is no doubt that Tammi Bonnell will continue to make a significant impact in the years to come.

Just How Low Can a Lowball Offer Go Today?

By Jenny Gonzalez

Real estate transactions often involve negotiations, and one of the most common tactics used by buyers is the “lowball offer.” A lowball offer is an offer that is significantly lower than the asking price or the market value of the property. While this approach can sometimes lead to a great deal for the buyer, it can also backfire and result in lost opportunities and wasted time. In this article, we will discuss just how low can a lowball offer go in today’s real estate market.

WHAT IS A LOWBALL OFFER?

A lowball offer is a purchase offer made by a buyer that is substantially lower than the seller’s asking price or the market value of the

property. The goal of a lowball offer is to start the negotiation process at a lower price point, in the hope that the seller will accept or counteroffer with a more reasonable price.

Lowball offers are most common in buyer’s markets where there is an excess supply of properties for sale and limited demand. In these types of markets, buyers have more bargaining power and can afford to make lower offers without fear of losing the property to another buyer.

HOW LOW CAN A LOWBALL OFFER GO?

The answer to this question depends on several

factors, including the current state of the real estate market, the seller’s motivation to sell, and the condition of the property.

In a seller’s market where there is a limited supply of properties for sale, a lowball offer is less likely to be successful. In these types of markets, there is often high demand for properties, and sellers can afford to hold out for higher offers.

However, in a buyer’s market where there is an oversupply of properties for sale, a lowball offer can be more successful. In these markets, sellers are often more motivated to sell and may be more willing to accept lower offers to avoid having the property sit on the market for an extended period.

The condition of the property is also a significant factor when determining how low a lowball offer can go. If a property is in poor condition, requires significant repairs, or has other issues that may affect its value, a lowball offer may be more reasonable. On the other hand, if the property is in excellent condition, has recently been renovated, or is located in a desirable neighborhood, a lowball offer may be less successful.

Finally, the seller’s motivation to sell is also crucial when determining how low a lowball offer can go. If the seller is motivated to sell quickly due to financial or personal reasons, they may be more willing to accept a lower offer to expedite the sale. Conversely, if the seller is in no rush to sell and can afford to wait for a higher offer, a lowball offer is less likely to be accepted.

TIPS FOR MAKING A SUCCESSFUL LOWBALL OFFER

If you are considering making a lowball offer, there are a few things you should keep in mind to increase your chances of success:

1. Do Your Research - Before making an offer, research the property’s market value, the asking price of similar properties in the area, and any factors that may affect its value. This information will help you determine an appropriate offer price.

2. Be Reasonable - While it’s okay to make a low offer, be sure that it is still within the realm of reason. Making an offer that is too low can offend the seller and may result in them rejecting your offer outright.

3. Be Prepared to Negotiate - If you lowball offer is accepted, be prepared to negotiate further. The seller may counteroffer with a higher price, and you may need to adjust your offer accordingly.

4. Don’t Get Emotional - Real estate negotiations can be emotional, but it’s essential to remain calm and objective. Avoid making personal attacks or getting defensive, as this can harm the negotiation process.

5. Have a Backup Plan - If you lowball offer is rejected, have a backup plan in place. Consider making a slightly higher offer, looking for other properties in the area, or waiting for the market to shift in your favor.

In conclusion, a lowball offer can be a useful tool for buyers looking to save money on a real estate transaction. However, the success of a lowball offer depends on several factors, including the state of the real estate market, the condition of the property, and the seller’s motivation to sell. Before making a lowball offer, buyers should do their research, be reasonable, be prepared to negotiate, avoid getting emotional, and have a backup plan in place. By following these tips, buyers can increase their chances of making a successful lowball offer and getting a great deal on their next property

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.

Real Estate Best Practices

By Edwin Engelke

In every industry, there are some set guidelines, principles, and policies that the players are required to follow. Real estate is not an exception. There are some practices that realtors, buyers, sellers, and investors in every industry do which leave you perplexed but as it is the case, any practitioner in any field should uphold the honor and dignity of the profession. Nobody as a professional should engage in activities that would bring disrepute.

But many times you will often find that most people act in their own best interests and not that of the client. The real estate brokers and agents will often bend these practices, not necessarily breaking them and most clients agree that what they do is unacceptable. Such activities are;

• Re-listing a property to bring in some fresh interest and

• Reset the days on the market

These are some activities that have brought in some contentions though not many people are conscious of it, only the players themselves.

TAKING A PEEK BEHIND THE SCENES

Often, in the real estate industry, professionals are divided between the lines of what is acceptable to what is close to being acceptable. The double ending, is one of the most common practices where the agents assume the role of representing both the buyer and the seller, some may agree that it is not wrong, but is it really right? When such practices are in question, this division occurs.

Focusing on some individual components in the market in relation to the changing real estate industry, you will realize that most Realtors tend to take advantage of the situation and bend or break some practices.

TECHNOLOGY IS CHANGING THE WAY REALTORS DO BUSINESS

Never for a second underestimate the power of technology as networking, clientèle management, and organization of your work. As a best practice in the real estate industry, Realtors should adapt and take advantage of technology because even simple newsletters with your listings can do wonders.

As a key to success in the real estate world, brokers should aim to become more paperless and more digitalized with the respect to real estate brokerage. That is the number one secret to having a prosperous booming real estate agency.

However, as so many people are now complaining, the brokers have taken things way too far, by falsifying data and simply getting away with it, this is malpractice that is on the

rise but falsifying your data will damage your reputation greatly.

BROKERS’ RELATIONSHIP WITH CLIENTS

Being in a competitive market such as commercial, real, or even industrial real estate, requires that the brokers be able to foster and nurture long-term relationships with the client as one of the best real estate practices. Also, so many brokers are afraid to take up some small clients, common malpractice in the real estate field but truth be told, you may never know how big these clients may turn out to be. Thus, the brokers’ relationship with the client is something that is very important and should be upheld.

However, in an attempt to gain favor from the clients, be careful not to damage your competitor’s position in the market which brings me to the next point.

being static and therefore, you will have to stay on top of the market but how effectively can you do that? Majorly research shows hard work, honesty and transparency are the key factors as an agency you will have to uphold.

You need to note that most of the clients will start their search from the Internet and therefore, to win the competition, you will have to create a compelling website with better content; this will earn you some free bonuses. Damaging the competitor’s reputation is not common malpractice; therefore, it should stay that way. You will have to remain neutral to gain a competitive edge in the market.

AS A BEST PRACTICE, PROVIDE NOTHING BUT VALUE

The real estate industry is all about creating value for your products and services, and one way to do that is by becoming an expert in your client’s specifications. This provides the best opportunity for you to understand your client’s desires and long-term goals.

STAY ON TOP OF THE COMPETITION

Real estate is a market with so much dynamism. At no point will you ever hear of the market

Therefore, it is as simple as that. Upholding best practices in any industry is very important since it will count in the overall success.

How to Get Started Selling Your House

By Francine Marsolek

Are you looking to sell your home? Whether you are relocating, downsizing, or simply looking for a change, selling your home can be a significant life event. However, the process can also be overwhelming and stressful, particularly if you are a first-time seller. There are many crucial steps involved in the process to ensure that that you get the best possible price for your home. In this article, we will guide you through each step of selling your house, providing you with expert tips and strategies to help you achieve a successful sale.

1. DETERMINE YOUR HOME’S MARKET VALUE

The first step in selling your house is to determine its market value. The market value is the amount that a buyer is willing to pay for your home in its current condition. There are several ways to determine the market value of your home, including:

• Hire a professional appraiser: A professional appraiser will assess your home’s features, condition, and location to provide an accurate valuation of your property.

• Check online home valuation tools: Several websites offer online tools to help homeowners determine the value of their home. While these tools may not be as accurate as a professional appraisal, they can provide a general idea of your home’s worth.

• Research comparable homes in your area: Look for homes in your area that are similar in size, condition, and location to your property. This will give you an idea of what other homes in your area are selling for.

• You should keep in mind that your home’s market value can fluctuate based on the current market conditions, so be prepared to adjust your price if necessary.

2. FIND A REAL ESTATE AGENT

Once you have determined the market value of your home, the next step is to find a real estate agent. A good agent will help you navigate the selling process and ensure that you get the best possible price for your home. When looking for an agent, consider the following:

• Look for agents with experience in your local market: An agent who has experience selling homes in your area will have a better understanding of the local real estate market.

• Check reviews and testimonials: Look for agents with positive reviews and testimonials from previous clients.

• Meet with potential agents: Schedule a meeting with potential agents to discuss their experience, marketing strategies, and commission rates.

3. PREPARE YOUR HOME FOR SALE

Once you have found an agent, the next step is to prepare your home for sale. This involves making any necessary repairs, decluttering, and staging your home to make it more appealing to potential buyers. Here are some tips for preparing your home for sale:

• Make any necessary repairs: Fix any broken fixtures, replace worn-out carpets, and repair any structural issues.

• Declutter: Remove any personal items and excess clutter from your home. This will make it easier for potential buyers to envision themselves living in the space.

• Stage your home: Consider hiring a professional stager to arrange your furniture and décor in a way that showcases your home’s best features.

some things you can do to help promote your home:

• Take high-quality photos: Your agent will likely hire a professional photographer, but taking your own high-quality photos can also help showcase your home.

• Spread the word: Tell friends, family, and coworkers that you are selling your home. They may know someone who is looking to buy in your area.

• Use social media: Share photos and information about your home on social media to reach a wider audience.

• Consider offering incentives to buyers: Offering to cover closing costs or a home warranty will make your home stand out from competition.

5. NEGOTIATE OFFERS

Once potential buyers start showing interest in your home, the next step is to negotiate offers. Your agent will help you navigate this process, but here are some tips for negotiating:

• Set a minimum price: Determine the lowest price you are willing to accept for your home and use this as a starting point for negotiations.

• Be willing to compromise: Negotiations are a two-way street, so be willing to compromise with potential buyers.

• Don’t rush into a decision: Take your time when considering offers and don’t feel pressured to accept an

4. MARKET YOUR HOME

Once your home is ready for sale, the next step is to market it to potential buyers. Your agent will handle most of the marketing, but there are

In conclusion, selling your house can be a complicated process, but with the right approach, you can maximize your chances of success. By following the steps we’ve provided, you can secure a favorable outcome and move on to your next chapter with confidence. Remember to take your time, stay organized, and be patient throughout the process, and you will be well on your way to a successful sale.

North Carolina Real Estate Market Data for Q1 2023: Promising Trends Despite Challenges

By Janet Petrozelle

The North Carolina real estate market has been on a growth trajectory in recent years, and the trend continues in Q1 2023. The residential, commercial, rental, and luxury sectors of the market are all showing promising trends, reflecting the state’s strong economy and business-friendly environment. However, the market is also facing some challenges, particularly in the affordable housing segment, which require attention and action. In this article, we will explore the latest data on the North Carolina real estate market for Q1 2023 and examine the factors driving growth as well as the challenges that need to be addressed.

RESIDENTIAL MARKET

The residential market in North Carolina is

showing strong growth, with home prices continuing to rise. The median home value in North Carolina is $307,086, which is a 16.2% increase from the previous year. The highest home price growth is seen in the cities of Durham, Charlotte, and Raleigh, with increases of 22.1%, 20.6%, and 17.5%, respectively.

One of the factors contributing to the growth of the residential market is the state’s strong economy. North Carolina has a diversified economy with several industries experiencing job growth, which attracts people to the state. Additionally, the state has a relatively low cost of living compared to other states, making it an attractive destination for those seeking affordable housing.

However, the residential market in North Carolina is facing a shortage of housing inventory, especially in the affordable housing segment. Many people are being priced out of the housing market due to the high home prices, and there is a need for more affordable housing options.

COMMERCIAL MARKET

The commercial real estate market in North Carolina is also showing promising growth. According to CoStar, the vacancy rate for office space in the state is 9.8%, which is lower than the national average of 11.7%. Additionally, the state is attracting more businesses, with several large companies choosing to relocate or expand in North Carolina.

One of the factors contributing to the growth of the commercial market is the state’s favorable business environment. North Carolina has a pro-business climate, with low taxes, a skilled workforce, and a robust infrastructure. This makes it an attractive destination for businesses looking to expand or relocate. The strategic location of North Carolina has also led to the growth of the commercial growth since its an attractive location for companies that need to serve customers in multiple regions.

RENTAL MARKET

The rental market in North Carolina is experiencing steady growth, with rental rates continuing to rise. According to RentCafe, the average rent for apartments in North Carolina is $1,267 per month, which is a 6.8% increase from the previous year. The highest rent growth is seen in the cities of Durham, Charlotte, and Raleigh, with increases of 12.4%, 10.4%, and 9.2%, respectively. The Occupancy rate in North Carolina’s rental market are usually high, the rate being almost 95.8%. This means that many apartments and houses filling up after they become available.

population. North Carolina is one of the fastestgrowing states in the country, with a population increase of 9.5% between 2010 and 2020. As more people move to the state, the demand for rental properties increases, leading to higher rental rates. North Carolina also has a strong economy, which offers many job opportunities in sectors such as healthcare, technology, and finance attracting many young professionals, many of whom prefer to rent rather than buy

LUXURY REAL ESTATE MARKET

The luxury real estate market in North Carolina is also showing strong growth. According to Sotheby’s International Realty, the luxury real estate market in North Carolina saw a 30% increase in sales in 2022 compared to the previous year. The average sale price for luxury homes is $1.6 million, with many properties selling for over $2 million.

One of the factors contributing to the growth of the luxury real estate market is the state’s natural beauty and outdoor recreation opportunities. North Carolina has a diverse landscape, from the mountains in the west to the beaches in the east, making it an attractive destination for those seeking a luxurious lifestyle. Many luxury homes in North Carolina offer stunning views and access to outdoor recreation such as hiking, fishing, and golfing.

One of the factors contributing to the growth of the rental market is the state’s growing

Overall, the North Carolina real estate market is showing promising trends in Q1 2023. The residential, commercial, rental, and luxury sectors of the market are all experiencing growth, which is a positive sign for the state’s economy. However, there are also challenges that need to be addressed, particularly in the affordable housing segment. With the right policies and strategies in place, North Carolina can continue to attract businesses and residents, and maintain its position as one of the fastest-growing states in the country.

5 Crucial First Steps for Buying a Home

By John Costigan

Buying a home is a significant milestone and one of the most important financial decisions many people make in their lifetime. Whether you’re a first-time homebuyer or a seasoned pro, the process can be complex and overwhelming. To help make the home buying process smoother and more successful, it’s important to take the necessary steps and be prepared. In this article, we’ll outline five crucial first steps for buying a home. By following these steps, you can increase your chances of successfully navigating the home buying process and achieving your dream of homeownership.

1. ASSESS YOUR FINANCIAL SITUATION

Before you begin searching for a home, it is important to assess your financial situation. This means taking a close look at your income, expenses, and debt. You

should also review your credit report to ensure that it is accurate and up-to-date.

When assessing your finances, it is important to determine how much you can afford to spend on a home. This will help you narrow down your search and avoid looking at properties that are outside of your price range. In general, you should aim to keep your monthly housing expenses, including mortgage payments, taxes, and insurance, at or below 28% of your gross monthly income.

2. GET PRE-APPROVED FOR A MORTGAGE

Once you have a clear understanding of your financial situation, the next step is to get pre-approved for a mortgage. This will help you determine how much you can afford to spend on a home and give you a

PHOTOS FROM 123RF

better idea of what your monthly payments will be.

To get pre-approved for a mortgage, you will need to provide your lender with a variety of financial information, including your income, employment history, and credit score. The lender will use this information to determine how much money they are willing to lend you and at what interest rate.

t is important to note that getting pre-approved for a mortgage is not the same as getting approved for a mortgage. Once you have found a home that you want to purchase, you will need to go through the full application process and provide additional documentation.

3. HIRE A REAL ESTATE AGENT

A real estate agent can be an invaluable resource when buying a home. They can help you find properties that meet your criteria, negotiate with sellers on your behalf, and guide you through the entire home buying process.

When hiring a real estate agent, it is important to choose someone who has plenty of knowledge and experience working in the local market and who you feel comfortable working with. Also check if they are licensed by contacting your state’s real estate regulatory agency. You should also ask for references and read reviews from past clients.

4. FIND THE RIGHT PROPERTY

Finding the right property can be one of the most challenging aspects of the home buying process. There are many factors to consider, including location, size, condition, and price.

To help narrow down your search, it is important to create a list of must-haves and nice-to-haves. This will help you focus your search on properties that meet your specific needs and preferences.

Its important to research the neighborhoods of the property you’re interested in. Look for neighborhoods that have the amenities you want and also consider the safety and crime rates of the neighborhoods you’re interested in.

It is also important to conduct a thorough inspection of any property that you are considering. This will help you identify any potential issues or repairs that may need to be addressed before you make an offer.

5. MAKE AN OFFER AND CLOSE THE DEAL

Once you have found the right property, the final step is to make an offer and close the deal. This will involve negotiating with the seller, securing financing, and completing a variety of legal and administrative tasks.

When making an offer, it is important to work with your real estate agent to determine a fair price based on market conditions and the condition of the property. You should also include any contingencies, such as an inspection or financing contingency, that will protect you in case the deal falls through.

Once your offer has been accepted, you will need to secure financing and complete a variety of administrative tasks, such as obtaining title insurance and conducting a final walkthrough of the property. Finally, you will need to sign a variety of legal documents and pay closing costs before the property officially becomes yours.

In conclusion, buying a home can be a complex and time-consuming process, but taking these five crucial first steps can help make it easier and more successful. It’s important to be patient, diligent, and open-minded throughout the process and to seek advice and guidance from professionals such as real estate agents and home inspectors. With the right preparation and mindset, you can successfully navigate the home buying process and enjoy the benefits of homeownership.

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.

5 Factors to Consider When Buying and Selling a Home at the Same Time

By Steven Rivkin

Buying and selling a home at the same time can be a stressful and challenging process, but with careful planning and preparation, it can also be a successful and rewarding experience. Whether you are upgrading to a larger home, downsizing to a smaller one, or simply relocating to a new area, there are several factors to consider when buying and selling a home simultaneously. In this article, we will explore eight key factors to help you navigate this complex process.

1. MARKET CONDITIONS

Before buying or selling a home, it’s essential to understand the current market conditions in your area. Real estate markets can be classified as either a buyer’s market or a seller’s market, and each comes with its unique characteristics. If you’re in a seller’s

market, where demand is high and inventory is low, homes tend to sell quickly, and sellers can expect to receive multiple offers, often above asking price. However, if you’re in a buyer’s market, where there is more inventory than demand, homes tend to stay on the market longer and you may need to be more patient and flexible in your selling strategy. Likewise, if you’re buying in a competitive market, you may need to act quickly and be prepared to make a strong offer to secure your desired home. Understanding the market conditions in your area can help you price your home competitively and make a strong offer on a new home.

2. FINANCIAL CONSIDERATIONS

Buying and selling a home simultaneously can be costly. When buying and selling a

home at the same time, you will need to consider your financial situation carefully. You’ll need to determine how much equity you have in your current home, how much you can afford to spend on a new home, and how much you’ll need for a down payment. It’s also important to factor in the costs of selling your current home, such as real estate commissions, closing costs, and moving expenses, as well as the costs of purchasing a new home, such as inspection fees, appraisals, and closing costs. You’ll also need to factor in your overall budget and ensure that you can afford both the sale of your current home and the purchase of a new one.

3. TIMING

Timing is everything when buying and selling a home at the same time. You’ll need to coordinate the timing of your home sale with the timing of your new home purchase to avoid ending up homeless or owning two homes at once. This can be challenging, as you’ll need to find a buyer for your current home and a new home to buy at the same time. Working with an experienced real estate agent who understands the complexities of buying and selling a home simultaneously can help you navigate this process.

4. CONTINGENCIES

Contingencies are conditions that must be met before a sale can be completed. When buying and selling a home at the same time, you’ll need to manage contingencies for both the sale of your current home and the purchase of your new home.

One common contingency is the financing contingency, which allows you to back out of the sale if you’re unable to secure financing for your new home. Another common contingency is the inspection contingency,

which allows you to back out of the sale if the inspection report identifies any significant issues with the property.

Managing contingencies can be challenging when buying and selling a home simultaneously. Working with an experienced real estate agent can help you ensure that all necessary contingencies are in place and managed effectively.

5. INSPECTION REPORTS

Before buying or selling a home, it’s essential to have it inspected by a qualified professional. Inspection reports can reveal hidden problems with the home that may affect its value or safety. When buying and selling a home at the same time, you’ll need to consider inspection reports for both your current home and your new home. If you’re selling your home, you may need to address any issues identified in the inspection report to ensure a smooth sale. If you’re buying a new home, you’ll need to carefully review the inspection report to identify any issues that may impact your decision to purchase.

In conclusion, buying and selling a home at the same time can be a complex and challenging process, but with careful planning and preparation, it can also be a successful and rewarding experience. By considering these eight factors, you can navigate the process with confidence and ease. Working with an experienced real estate agent can also help you make informed decisions and manage the complexities of buying and selling a home simultaneously. With the right preparation, mindset, and support, you can successfully buy and sell a home at the same time and move on to the next chapter of your life.

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

W h a t p l a t f o r m s a r e p r o v i d i n g t h e b e s t o p p o r t u n i t i e s t o o b t a i n c u s t o m e r s t o d a y ?

T h e l a t e s t s t a t s o n v i d e o s a n d w h y y o u m u s t c r e a t e v i d e o c o n t e n t t o b e r e l e v a n t

G o o g l e s e a r c h s t a t i s t i c s a n d w h y y o u m u s t b e s e a r c h a b l e E c o m m e r c e s t a t i s t i c a n d t h e f u t u r e o f s e l l i n g r e a l e s t a t e o n l i n e F a c e b o o k i s k i n g , l i k e i t o r n o t , f o r t a r g e t i n g a n d a d v e r t i s i n g H o w t o h a v e p r o f e s s i o n a l l y w r i t t e n a r t i c l e s / b l o g s f o r o u r m a g a z i n e s

H O S T Y O U R

O

W N T V S H O W !

o n t h e T P I N N e t w o r k

O N L I N E

M A R K E T I N G

M E M B E R S H I P P R O G R A M

W E B I N A R

B a s i c M e m b e r s h i p

P r o g r a m F r e e f o r 3 0 d a y s t o a l l a t t e n d e e s .

C o n t a c t u s f o r m o r e i n f o r m a t i o n :

( 8 0 0 ) 4 0 1 - 8 9 9 4 e x t 7 0 9 ( 9 0 9 ) 2 4 8 - 6 4 4 6

s a r a @ t h e p o w e r i s n o w . c o m

w w w . t h e p o w e r i s n o w . c o m

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.

Wellness for Boys and Men of Color

ADDRESSING HEALTH EQUITY BUILDING COMMUNITY ADVANCING INNOVATION

brotherbewell com

Market update

By Monica Hill

Located in the heart of Southern California, Menifee, CA is a rapidly growing city with a thriving real estate market. Homebuyers are drawn to Menifee for its affordable housing options, excellent quality of life, and expanding job market. However, the city’s low inventory levels have created a challenge for some buyers, with strong demand driving up home prices. In this market update, we will explore the latest trends and developments in the Menifee real estate market, including new construction projects, population growth, the rental market, and the impact of the COVID-19 pandemic. Whether you are a homebuyer, seller, or investor, staying informed about the latest trends and developments can help you make informed decisions and maximize your investment potential in Menifee.

HOME PRICES IN MENIFEE, CA

The Menifee real estate market has been performing well in recent years, and home prices have been steadily increasing. According to data from Zillow, the median home value in Menifee is currently $489,000, which is an increase of 21.4% over the past year. This strong

appreciation is due to several factors, including a growing population, strong demand for affordable housing, and a limited supply of homes for sale.

One of the reasons why Menifee is such an attractive place to live is its affordability. The median home value in Menifee is lower than the median home value in nearby cities like Temecula and Murrieta, which makes it an ideal location for first-time homebuyers and those looking for more affordable housing options. Additionally, Menifee has a variety of housing options to choose from, including single-family homes, townhouses, and apartments.

RENTAL MARKET:

Menifee’s rental market has been performing well in recent years, driven by strong demand from renters looking for affordable housing options in Southern California. According to data from Zillow, the median rent price in Menifee is currently $2,450, which is an increase of 9.4% over the past year. This increase in rent prices can be attributed to several factors, including limited inventory, strong demand, and rising home prices,

which make it more difficult for some renters to become homeowners. Additionally, Menifee’s location in Southern California, with easy access to major employment centers like Los Angeles and San Diego, makes it an attractive location for renters who work in these areas. For real estate investors, Menifee’s rental market can offer a solid return on investment, with strong demand and rising rent prices indicating a stable and profitable market.

INVENTORY LEVELS:

Despite the strong demand for homes in Menifee, the inventory of homes for sale has been relatively low in recent months. According to data from Redfin, there were only 95 homes for sale in Menifee as of February 2023, which is a 55% decrease from the same time last year. This limited inventory has created a highly competitive market, with many buyers competing for a limited number of homes.

The low inventory levels in Menifee can be attributed to a variety of factors, including a lack of new construction, a strong demand for homes from buyers relocating from other areas, and a reluctance among some homeowners to sell their homes during the pandemic. While the lack of inventory has made it challenging for some buyers to find a home, it has also created an opportunity for sellers to command top dollar for their properties. However, there are several new construction projects currently underway in Menifee, which will add new homes to the market in the coming months. Additionally,

as more homeowners become comfortable listing their homes for sale post-pandemic, it is expected that inventory levels will gradually increase, creating more opportunities for buyers and staying informed about the latest inventory levels and new construction projects in Menifee will help buyers and investors make informed decisions and maximize their investment potential.

Overall, the Menifee real estate market is performing well, and it is expected to continue to do so in the coming months. While the low inventory levels may present a challenge for some buyers, the strong demand for homes and the limited supply of available properties will likely continue to drive prices upward. Additionally, with the growing population and expanding business community, Menifee is poised for continued growth and development in the years to come.

In conclusion, Menifee, CA is a highly desirable location for homebuyers, with its affordable housing options, growing business community, and abundant recreational opportunities. While the low inventory levels may create a challenge for some buyers, the strong sales activity and rising home prices indicate a healthy and robust real estate market. As the city continues to grow and develop, Menifee is likely to remain a top destination for those looking for a high quality of life in Southern California. Whether you are a buyer, seller, or investor, staying informed about the latest trends and developments in the Menifee real estate market can help you make informed decisions and maximize your investment potential.

How to Love Your Home: A Guide to Embracing Imperfections and Finding Joy

By Marina Ramirez

Home is where the heart is, and it’s a place where we spend a significant amount of our time. Our homes should be a sanctuary, a place of comfort and solace, but often we find ourselves struggling to love our homes. Maybe the layout isn’t perfect, the walls need a fresh coat of paint, or there are clutter and chaos everywhere. However, the reality is, no home is perfect, and there will always be something that could be improved upon. The key is learning to embrace imperfections and find joy in the process. In this guide, we’ll explore practical tips on how to love your home and create a space that you adore.

1. DECLUTTER YOUR SPACE

Decluttering your home is one of the most effective ways to transform your space and fall in love with it. It’s hard to enjoy your home when there’s clutter everywhere. Clutter causes stress and anxiety, and it’s hard to relax in a chaotic environment. Start by tackling one room at a time, and be ruthless with what you keep and what you get rid of. Donate items that are in good condition, sell things that are valuable, and toss anything that’s broken or beyond repair.

ADD PERSONAL TOUCHES

One of the easiest ways to love your home is to make it feel like yours. Adding personal touches, such as family photos, artwork, or heirloom pieces, can make a big difference. Display items that have sentimental value, and surround yourself with things that make you happy. Don’t be afraid to experiment with color and patterns, and mix and match different styles to create a unique look that reflects your personality.

3. EMBRACE IMPERFECTIONS

No home is perfect, and that’s okay. Embracing imperfections is a key part of loving your home. Maybe your kitchen isn’t as big as you’d like, or your bathroom needs updating. Instead of focusing on the negatives, try to find the positives. Maybe your small kitchen forces you to be more creative with your cooking, or your outdated bathroom has a vintage charm. By reframing your mindset and focusing on the positives, you can learn to appreciate your home for what it is.

4. INVEST IN QUALITY PIECES

Investing in quality pieces can help you love your home for years to come. It’s better to have a few high-quality items than a bunch of cheap pieces that will need to be replaced in a year or two. Think about the items that you use every day, such as your sofa, bed, or dining table, and invest in high-quality pieces that will stand the test of time.

5. KEEP IT CLEAN

A clean home is a happy home. Keeping your home clean and tidy can help you love your space and feel more relaxed. Create a cleaning routine that works for you, and stick to it. Make sure to tackle the clutter, dust, and grime regularly, and don’t let things pile up. If cleaning is not your thing, consider hiring a professional cleaning service to help you keep your home in top shape.

6. CREATE ZONES

When it comes to loving your home, functionality is key. Creating zones in your home can help you love your space and make it more functional and enjoyable. Think about the activities that you do in your home, and create designated areas for each one. This helps in reducing clutter and create a sense of organization in your home. Consider using furniture and decor to create zones, such as area rugs or room dividers. For example, create a reading nook in your living room, a workspace in your bedroom, or a play area for your kids. By creating zones, you can make your home work for you and your family.

7. FIND JOY IN THE PROCESS

Finally, it’s important to find joy in the process of creating a home that you love. Home improvement projects can be overwhelming and stressful, but they can also be rewarding and satisfying. Instead of focusing on the end result, try to enjoy the journey. Take your time, experiment with different ideas, and don’t be afraid to make mistakes. By finding joy in the process, you can create a home that reflects your personality and makes you happy.

In conclusion, learning to love your home is about embracing imperfections, focusing on functionality, and adding personal touches. By decluttering your space, investing in quality pieces, and keeping your home clean, you can create a space that you love. Remember to find joy in the process, and don’t be afraid to experiment and make mistakes. With these tips, you can transform your home into a sanctuary and a place of comfort and joy.

Are Home Warranties Worth the Cost?

By Brandy Nelson

Home warranties are becoming increasingly popular among homeowners as a way to protect their homes and their wallets from unexpected repair costs. A home warranty is a contract between a homeowner and a warranty company that covers the repair or replacement of major home systems and appliances. But are home warranties worth the cost?

To answer this question, we turn to Brandy Nelson, a real estate agent and home warranty expert. Nelson has been in the real estate industry for over 20 years and has worked with countless home warranty companies. In this article, we will explore Nelson’s insights on the pros and cons of home warranties and whether or not they are worth the cost.

First, let’s examine the pros of home warranties. One of the most significant advantages of a

home warranty is peace of mind. Knowing that you have coverage for unexpected repairs can give homeowners peace of mind and help them avoid the stress and financial burden of unexpected expenses. Additionally, home warranties can be a selling point for homeowners who are looking to sell their homes. Including a home warranty in the sale of a home can give potential buyers an added sense of security and may make the home more attractive.

Another advantage of home warranties is that they can save homeowners money in the long run. While home warranties do require an upfront cost, they can ultimately save homeowners thousands of dollars in repair and replacement costs. For example, if a homeowner’s HVAC system breaks down and needs to be replaced, the cost of a new system can be upwards of $5,000. With a home warranty, the homeowner would only need to pay the service fee, which

is typically around $75-$125. This can be a significant cost savings for homeowners who are already stretched thin financially.

Now, let’s take a look at some of the cons of home warranties. One of the biggest downsides of home warranties is that they can be expensive. Depending on the level of coverage and the provider, home warranties can cost anywhere from a few hundred dollars to over a thousand dollars per year. Additionally, home warranties often have a service fee that homeowners must pay each time a repair is needed. While the service fee is typically much lower than the cost of a repair or replacement, it can add up over time.

Another potential downside of home warranties is that they may not cover everything that homeowners expect. It is essential to read the fine print of any home warranty contract carefully to understand what is and is not covered. For example, some home warranties may not cover preexisting conditions or certain types of repairs. This can lead to unexpected expenses for homeowners who assumed that everything would be covered under their warranty.

1. SO, ARE HOME WARRANTIES WORTH THE COST?

According to Brandy Nelson, the answer is “it depends.” Home warranties can be a great investment for some homeowners, but they may not be worth the cost for others. Nelson advises homeowners to consider their individual circumstances when deciding whether or not to purchase a home warranty. He recommends that homeowners ask themselves a few questions before deciding whether or not to purchase a home warranty:

If your home’s appliances and systems are older or in poor condition, a home warranty may be a good investment. However, if your appliances and systems are newer or in good condition, a home warranty may not be necessary.

3. HOW MUCH CAN YOU AFFORD TO PAY OUT OF POCKET FOR UNEXPECTED REPAIRS?

If you do not have the financial resources to pay for unexpected repairs, a home warranty may be a good investment. However, if you have savings or can afford to pay

4. WHAT IS THE REPUTATION OF THE HOME WARRANTY PROVIDER?

It is essential to research the reputation of any home warranty provider before purchasing a warranty. Look for reviews from other homeowners and check with the Better Business Bureau to ensure that the provider has a good reputation for customer service and honoring claims.

5. WHAT IS THE COST OF THE HOME WARRANTY?

Consider the cost of the home warranty and the service fee compared to the potential cost of repairs or replacements. If the cost of the warranty and service fee outweighs the potential cost of repairs, a home warranty may not be worth the cost.

2. WHAT IS THE AGE AND CONDITION OF YOUR HOME’S APPLIANCES AND SYSTEMS?

In conclusion, home warranties can be a valuable investment for some homeowners, but they may not be worth the cost for others. It is important to carefully consider your individual circumstances and needs before purchasing a home warranty. By doing your research and asking the right questions, you can make an informed decision about whether or not a home warranty is worth the cost for your home.

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 .

Planning to Sell Your Home?

Here’s How to Protect and Increase Home Value on a Budget

By Jim Clifford

For most people, their home is the biggest investment they will ever make. And if you’re planning to sell your home, you want to make sure you get the best possible return on that investment. There are many ways to protect and increase home value, but some of them can be costly. However, you don’t need to break the bank to make your home more attractive to potential buyers. Here are some budget-friendly tips to help you protect and increase your home value.

1. CLEAN AND DECLUTTER YOUR HOME

One of the easiest and most affordable things you can do to increase your home value is to clean and declutter your home. A clean and

clutter-free home looks more spacious and inviting, which can be a huge selling point for potential buyers. Spend some time cleaning your home from top to bottom, including floors, walls, and surfaces. Get rid of any unnecessary clutter, such as old magazines or clothes, and consider renting a storage unit if you need to store large items temporarily.

2. PAINT YOUR HOME

Painting your home is another affordable way to increase your home value. A fresh coat of paint can make your home look newer, brighter, and more attractive to potential buyers. Stick to neutral colors that appeal to a wide range of people, such as white, beige,

or light gray. You can also use accent walls to add a pop of color to your home without overwhelming potential buyers.

3. UPGRADE YOUR LIGHTING

Good lighting is essential for creating a warm and welcoming atmosphere in your home. By upgrading your lighting, you can make your home feel brighter and more inviting and is an affordable way to increase your home value. Replace any outdated or worn-out light fixtures with modern, energy-efficient ones. Consider adding dimmer switches to create a more comfortable and customizable atmosphere. You can also use strategically placed lamps and light fixtures to highlight specific areas of your home, such as artwork or architectural features.

4. IMPROVE YOUR CURB APPEAL

First impressions matter, and the first thing potential buyers will see when they visit your home is your curb appeal. Improving your curb appeal doesn’t have to be expensive. Start by cleaning up your yard and trimming any overgrown bushes or trees. Also consider power washing your home’s exterior or painting the front door to make it more appealing and make it stand out. Add some colorful flowers or plants to your garden. You can also add some outdoor lighting to highlight your home’s best features and create a welcoming atmosphere.

5. UPGRADE YOUR KITCHEN AND BATHROOM

Kitchens and bathrooms are two of the most important rooms in your home when it comes to selling. Upgrading your kitchen and bathroom doesn’t have to be expensive. Start by updating your hardware, such as cabinet handles and faucets, to create a more modern and cohesive look. You can also replace old appliances with newer, energy-efficient ones, which can be a huge selling point for potential buyers. In the bathroom, consider replacing old or worn-out fixtures, such as showerheads

and faucets, with newer ones.

6. IMPROVE YOUR HOME’S ENERGY EFFICIENCY

Improving your home’s energy efficiency is not only good for the environment, but it can also be a huge selling point for potential buyers it is a smart investment that can save you money on utility bills and be a major selling point for potential buyers. Start by sealing any air leaks in your home, such as around windows and doors, to prevent heat loss. You can also install energy-efficient windows and doors, which can help reduce your energy bills and make your home more comfortable. Upgrading your insulation and HVAC system can also help improve your home’s energy efficiency and make your home comfortable

7. ADD SOME SMART HOME TECHNOLOGY

Smart home technology is becoming more and more popular, and it can be a great way to increase your home value. Consider adding some smart home devices, such as a smart thermostat or a smart security system or lighting controls to make your home more modern, convenient and comfortable for potential buyers. You can also use smart home technology to create a more energy-efficient home, which can be a huge selling point for potential buyers.

In conclusion, protecting and increasing your home value doesn’t have to be expensive. By following these budget-friendly tips, you can make your home more attractive to potential buyers without breaking the bank. Remember, the key is to focus on the most important areas of your home, such as the kitchen, bathroom, and curb appeal, and make small, strategic upgrades that will have the biggest impact. With a little effort and investment, you can protect and increase your home value, and make sure you get the best possible return on your investment when it’s time to sell.

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.