A Seller's Guide to Home Sale Documentation
Oggie Penev Real Estate Blog
by
1y ago
Are you looking to sell a home? At times, it may seem like you are adrift on an endless sea of paperwork. So many documents are required during the sale of a home that it can be confusing and worrisome. It’s easy to become overwhelmed, which is why I’ve put together this brief primer to help you navigate the process. This isn’t an exhaustive list of all the documents you might need during a sale, but it should help you get the ball rolling. 1. Pre-listing paperwork. This is possibly the most paperwork-intensive portion of the process. Put simply, this is when you need to gather all of the docu ..read more
Visit website
3 Things Inspectors Check in a Home Inspection
Oggie Penev Real Estate Blog
by
1y ago
Do you know what things a home inspector looks for when they visit a property? Home inspectors will investigate every nook and cranny from the foundation to the roof to find anything that might affect the property’s value. Here are the main things that they will check: 1. Roof. Inspectors look for leaks, damaged or missing shingles, and moss growth. They also look for any problems with the flashing, gutters, vents, attic ventilation, and skylights, if your home has them. Make sure everything is watertight to avoid any major issues. “Home inspections reveal the current condition of the home.” 2 ..read more
Visit website
How To Know if a Rental Is a Good Investment
Oggie Penev Real Estate Blog
by
1y ago
Have you ever thought about investing in a rental property? Real estate investments can be a great way to earn passive income, but you need to be careful. Not all rentals are the same, so you need to know how to identify which ones make sense financially. That can change based on various factors, but the main way to determine if an investment will be a good one is to run the numbers. Whether or not you like math, that step is crucial to finding an excellent real estate investment. However, this is challenging and daunting for many people, so I’m here to simplify it for you.  The first thi ..read more
Visit website
3 Home Improvements With a High ROI
Oggie Penev Real Estate Blog
by
1y ago
When preparing your house for sale, you may be led to believe that the more upgrades you make, the higher the price you can list for. However, not all home upgrades are created equal; some will have you pouring money down the drain, while others will get you immediate resale value. Understanding which projects to take on can help you make thousands of dollars more. So, what home improvements should you do if you want to get a fantastic return on your investment? To answer this question, we have to take into consideration the changes that happened in the past few years. Our homes were recently ..read more
Visit website
3 Ways To Get Your Home Ready To Sell
Oggie Penev Real Estate Blog
by
1y ago
It is crucial to thoughtfully prepare your home before you put it up for sale. A home that is correctly staged and prepped will sell for thousands of dollars more. However, how do you know where to start? There are a lot of things you could prioritize, and you don’t want to put your time and money into the wrong things. That is why I have created a list of three things to focus on when preparing your home:  1. Do the three d’s. They are: declutter, depersonalize, and deep clean. These are the basics that shouldn’t be overlooked. Move as much of your stuff as you can into a storage locker ..read more
Visit website
Sell Your Home Fast the Easy Way
Oggie Penev Real Estate Blog
by
1y ago
Do you need to sell your home ASAP? There are plenty of reasons why a homeowner might need to sell their home immediately, whether they changed jobs, need their equity, or just want to skip the hassle of a sale. Whatever your reason is, what can you do to spend as little time selling your house as possible?  Home sellers who need to move quickly have two main options: using an all-cash offer program or listing with an agent who knows how to sell fast.  All-cash offer programs have no strings attached; they’ll take your home off your hands before you can blink. You don’t have to worry ..read more
Visit website
Everything You Need to Know About Foreclosures
Oggie Penev Real Estate Blog
by
1y ago
Here’s my explanation of why you don’t need to worry about mass foreclosure. There’s been a lot of talk recently about a flood of foreclosures entering the market next year. People are understandably worried that this could negatively affect the market like in 2008. However, in my opinion, you don’t need to worry about a flood of foreclosures, and today I’ll tell you why.  During the last market crash, I worked with banks selling foreclosures and homeowners trying to avoid foreclosure. I’ve been on both sides of the issue, and I can say confidently that our current market is very differe ..read more
Visit website
Which Is the Better Investment?
Oggie Penev Real Estate Blog
by
1y ago
Here’s why investing in real estate is better than investing in Bitcoin. Today I’m sharing the five main reasons real estate is a better investment than Bitcoin: 1. Financing. If you want to buy Bitcoin for $400,000, you need to have $100,000 in cash, but if you want to buy a rental property for $100,000 you don’t need all the money, you just need 20% for a down payment. The rest could come from a bank as the financing. With real estate, you can get financing, but no financing is available for Bitcoin. 2. There is no cash flow with Bitcoin. If you buy Bitcoin, that’s it; you just wait for the ..read more
Visit website
Why Cash Flow Doesn't Matter for Investment Properties
Oggie Penev Real Estate Blog
by
1y ago
Here’s why cash flow doesn’t matter that much for rental properties. Cash flow for investment properties doesn’t matter much. That may sound like a strange statement, but allow me to explain. Even if you buy a rental property that doesn’t have cash flow in the beginning, in the long term, it could be a great investment. Due to inflation, rent increases, so the cash will be flowing in a few years.  The crucial thing is to buy the right property in the right location so that it will double in value within 20 years. Since that’s the goal, cash flow doesn’t matter that much. As a result of t ..read more
Visit website
3 Things to Know About Manufactured Homes
Oggie Penev Real Estate Blog
by
1y ago
Here’s what you should know about manufactured homes. Today we’re talking all about manufactured homes. Here are three things to look out for that will help save you time and money. 1. HUD labels/tags. These are metal plates attached to the back of manufactured homes and certify that the home was built to HUD guidelines. Every mortgage company requires manufactured homes to adhere to these guidelines so they can be financed. These guidelines started in 1976, so if a manufactured home was built before then, it most likely won’t be eligible for financing. “All mortgage companies require the aff ..read more
Visit website

Follow Oggie Penev Real Estate Blog on FeedSpot

Continue with Google
Continue with Apple
OR