3 Benefits of Buying Commercial Real Estate in Ohio

Did you know that you can find Cincinnati, OH commercial real estate for sale and lease online on the largest commercial real estate marketplace on the internet? Before making a purchase it’s important to interact with real estate agents as they are specialized in purchasing, locating, industrial, retail, and managing a commercial office. In Cincinnati, the value of commercial property continues to increase and this draws people interest to continue investing in commercial properties after they realize the benefits. If you are considering to invest in real estate by buying a commercial property in Cincinnati for the first time, below are top benefits of putting your money into a commercial property.

  • Better opportunity for appreciation. The value of residential properties is determined by comparing sales in the neighborhood while the value of a commercial property is determined by the amount of revenue they generate. The worthiness of residential property will always be contingent on other properties in the area, regardless of higher renovations or quality features. As you can see, investing in a residential property it’s not as wise as investing in a commercial property. Investing in a commercial property is a wise decision since later, it can bring you a higher financial reward than a residential property.

 

  • Higher returns. It’s more superior to invest in a commercial real estate than in residential real estate. Generally, commercial real estate yields more returns than a residential real estate. In residential real tenants pays a lower rent than commercial tenants in a commercial real estate. In every year you can draw in a considerable high amount of income due to higher rents. Not only will you incur higher returns for long periods, but also save time and monetary resources. This is because tenants are expected to sign long leases and probably have a vested interest in repairing and maintaining the buildings for themselves.

 

  • Competition is not higher. Majority of investors venture in residential properties. Most people want to live in a comfortable home where they feel proud to invite friends and relatives. People think this is the best way, in my opinion, it’s a traditional way. This makes it less competitive for vying for a commercial property. Investing in commercial property requires more capital upfront, but due to less competition in the market, it often means that you will find the best deal. Logically, high competition means that the demand is high and less competition means the demand is low making the prices to be low too.

In Cincinnati commercial property investment continues to increase, then if you are looking to buy property for your business or invest, don’t hesitate to invest in Cincinnati. The aim of every investor is to buy low and sell high. Basically, their aim is profit maximizing. Therefore, an investor with such a goal, it’s wise to invest in a commercial real estate rather than in a residential real estate. In Cincinnati, when the market is hot with commercial properties consult a real estate agency and all will be well.

Read This Before You Sell Your Home for Cash: Must-Know Pros and Cons

If you’re a homeowner considering the option to sell your home for cash to a real estate investor, then this must-read list of pros and cons is for you!

Did you know that the housing market got influenced by the 2008 economic crisis?

As a matter of fact, the homeownership rate declined since 2005. Right now, the rate sits at 64.2%, a surprising slight increase after a decade of decrease.

If you’re in need of money, you might opt for a personal loan to cover for it. Sometimes you might not have the means and might sell your home for cash. Read on if you want to know how this affects you.

Pros

If you’re selling a house to a cash buyer, these are the pros you can expect. Read more here if you want a more in-depth discussion on the pros of selling your home.

1. Investors Buy As-is

There are a lot of people who can’t afford to repair their homes before selling, so if you don’t have the means of funding significant house renovations, cash offers become appealing. After all, your investors will buy your house in its current condition, no matter how bad it might be.

Completing the repairs on your own will cost you both time and money, and a lot of those renovations are necessary to put it up on the market. But the problem lies with the fact that you won’t get as much money in return.

You’ll get a low return on investment for projects like bathroom remodels. So if you want to make the most money, you can sell houses for cash instead.

2. You Avoid Contingency Clauses

There are a lot of contingency clauses on house contracts, and this helps protect buyers since they can back out of the deals. But these can become detrimental to you as a seller.

With this, you need to always keep vigilant when reading contracts since the fine print might say that the buyers only honor the offer if you meet certain conditions. It might be a time limit or something similar.

Either way, you don’t need to worry about it when you’re selling houses for cash since investors don’t need these contingency clauses. It’s an extra hurdle you avoid, making the process more convenient for you.

3. Financing is Different (In a Good Way)

The reason it takes forever to sell homes is due to the banks’ involvement. When borrowing money, you’re working on their timeline since the banks won’t care about your time constraints, regardless of reason.

Financing is the area home sales don’t excel in, that’s why it’s better to sell homes for cash since you don’t deal with banks at all. The investors often pay for any closing fees once you’re done with the deal.

4. Selling is Quicker

If someone shows interest in your home, you don’t need to go through all the processes that involve listing your home. You don’t need to hire professional photographers to make your house look attractive. It’s not required to spend hours to figure out a great marketing description as well.

You’re most likely not going to have an inspection. This allows you to skip out of any responsibilities involving repairs. With this, you also bypass any lending steps common when selling houses.

Often, all you need to do is to call investors. They’ll ask you some questions and make offers based on your answers. You can choose to take it or try somewhere else, making it quick.

Most deals close within a week or two, so you get money without waiting for long. The simplicity and speed can make it a better deal if you don’t have all the time in the world.

Cons

Selling homes for cash is a great way of getting money. But it’s not all benefits for you since there are drawbacks when you opt for this option. Here are some of the few:

1. You’ll Get Lowballed

Any investor buys houses for specific prices. Yet it’s important to remember that you’re trading speed with money when it comes to cash sales. A vast majority of your potential investors will try buying your home for a lot less than its real value.

In most cases, companies will offer around 65%-80% of your home’s fair market value. This means that you get an average of 23% less value per square foot of your property. Remember, investors aren’t buying because they want to live in your home.

Your investors aim to flip the property and sell it at a higher rate for profit. So if you want to get a lot of money, you’re better off hiring a reputable listing agent. You can still get better offers even if your asking price is lower when using the traditional methods.

2. Most Investors Aren’t Local

Companies that buy homes for cash often run a nationwide business. What this means is that they have minimal knowledge of your locality. They’re buying your house with no regard to certain factors since all they care about is to resell it faster.

That means they won’t take your neighbors into consideration. They won’t care whether your area is close to a lot of great places. They’ll disregard the fact that your neighborhood has a low crime rate.

If you want to get a better deal, you might have to sell your house to locals. These people will care about these factors and put it into consideration. That way, you get someone who can use your house and add more to your beloved neighborhood.

Learn How to Sell Your Home For Cash Today!

If you want to sell your house, you need to understand your options. When you’re not concerned about the time it takes, you can go with the traditional method. There are a lot of things that you need to do, but in the end, it will get you a higher monetary value.

When you sell your home for cash, you can expect a fast deal. But it’s often lower than your actual home’s worth. If you don’t want to pay more for renovations, this option is the best.

Do you need tips for selling your home? Check out our guide here and get more tips for a good asking price.

3 Ways a Mortgage Broker Can Save You Money

In the world today, most of the homebuyers hire a mortgage broker who will find them the best rates on a mortgage. When you work with an experienced mortgage broker, you will find the desirable mortgage at a good price. A mortgage broker is an expert who is specialized in offering important advice on mortgages. They recommend the best rates that you can afford. They generally work on your behalf. The best thing you can do when looking for a mortgage is hiring a broker. The benefits of working with a mortgage broker are many and some of them include saving you difficulty and stress, time, and most importantly money. In this article, we are going to find out the various ways in which a mortgage broker Canberra can save you money.

Here are 3 ways a mortgage broker can save you money:

  1. Evade overpaying in the future

Usually, with a new mortgage, a discounted rate for a specific number of years is offered for the buyer. It is usually for more than 2 years but not more than 5 years. This period is called the introductory period and the interest rates are fixed. As a result of this, one is moved to the SVR which is the lender’s more expensive standard variable rate. This interest rate is slightly higher than the introductory rate. When you have a mortgage broker, they will follow up on this on your behalf and might get you another deal that is less expensive when your introductory period is completed.

  1. Negotiating terms

When you have a broker, all the work is done for you. The mortgage broker will apply for loans using different lenders. This means they will get the lowest mortgage rates and this is by negotiating on your behalf. Most of these brokers have good relationships with a majority of lenders from local to national level. Through these connections, it is likely for them to get some of the fees required waived off for your benefit. How loan officers work with the brokers is different from how they work directly with you. This is why it’s important to find a mortgage broker when shopping for a mortgage.

Another important thing you should know is that some large banks and lenders work solely with the mortgage brokers. This means you can qualify or get certain loan product if your mortgage broker and the lenders have a good relationship.

  1. It’s not usually just about the mortgage

Most people think that a mortgage broker will only advise you about the mortgage. They often look for other related things such as life insurance, contents insurance and payment protection.  They will advise you on what insurance to use depending on what your new mortgage arrangement is. This will ensure that you are safe and well protected in the event of unemployment, death or illness. This will help you save a lot of money and avoid losses.

Mortgages are not as easy as most people think. They  involve things that are very difficult such as knowing what interest rates are best, the insurance to get so as to stay protected, the best lenders as there are so many out there and other features to consider when shopping for a mortgage. Find a good and experienced mortgage broker to help you save money.

4 Tips for Selling your Home and Getting the Asking Price

Are you looking for tips on how to sell your home fast without underpricing it? Check out the tips below for some practices you may follow that may help.

  1. Get a realtor or have your home listed – you might think that the easiest way to get your home sold is to hire the services of a real estate agent to sell your home. This way, you will not have to think of anything and just wait for the sale to come through, but don’t think that this is the only way. While real estate agents may be helpful, you will also have to pay them for the services and that commission will eat your profit. Consider getting rid of real estate brokers and purchase a flat fee MLS listing from https://getlistedrealty.com/ instead. You will be saving so much money but you can be assured that your once your house is listed in the MLS, it will be found in major real estate portals, allowing more people to see your property.

 

  1. Enhance your curb appeal – you want your house to make a great first impression on your would-be buyers, and you can do that by making sure that the outside of your house looks just as appealing as the inside. People think that they have to make the inside look beautiful without bothering with the outside, but that is a wrong mindset. Take a look at your house from the outside and ask yourself if you are the buyer, would you consider the house as a good investment by just looking at it from afar? If not, then you should make some improvements such as a fresh coat of paint, or adding some landscaping. Landscaping can even raise the value of your home if you want to earn more from the house sale.

 

  1. Get a professional to take pictures of your home – here’s a tip that most homeowners often overlook. They think that any photograph of the home will do, but a true professional real estate photographer will know how to make your house shine. Remember that some of your potential buyers would be seeing the house through pictures, and you want photos that would highlight the selling points of your house. Real estate photographers know which angles to take and how to manipulate lighting in order for the house to be presented in the best possible way.

 

  1. Price it competitively – if you want to get the asking price for your home, then here’s the trick. Right at the very beginning, you need to price it competitively already. While you want to make as much profit as possible, giving a price that is too high, especially when compared to other homes that are being sold within your area, will cause buyers to lose interest. So check out the prices of the other houses, and find a price that would allow you to compete with their own prices, but with still enough profit.

 

4 Tips to moving your family to Boulder, CO

Colorado’s Boulder city is a beautiful place to relocate with your whole family. As easy as moving sounds, there are a few vital things you need to get done to ensure a smooth transition for you and your family. Here are the top four tips to consider;

Find a professional moving company

It is inevitable to find a professional moving company when moving your family to Boulder. This way you don’t have to worry about how to safely get your belongings to your new house. Find out the best boulder moving company and ensure that you do a background check to ensure that their services are the best in town. Look for what previous clients say about the company, and be keen to see if they were satisfied by the services offered by the company.

Ascertain the cost of housing first

Moving with family can be hectic especially because housing costs vary from one city to another. Before making your decision to move, visit Boulder in advance to find out the cost of housing there. You need to find a place that you are comfortable with and will be able to afford to pay for. Set out to visit Boulder a few months before your move to avoid disappointments once you settle down. If you are considering buying a home instead of renting, ensure you familiarize yourself with legit mortgage lenders in the city and sign up with the one you feel comfortable with.

First find yourself a job and schools for your kids

The last thing you want to do is find yourself stranded in a new city without a job. Unless the reason for your moving is a work transfer, you may want to apply for a job first then relocate when you get one. Also, you don’t want to relocate and keep your kids waiting at home as you look for schools for them. You need to find them new schools a few weeks before you move to make it easy for you to settle down once you shift.

Consider the neighborhood you are moving into

One of the most important things to factor before moving is the neighborhood you are going to settle in. You don’t want to find yourself and your family in a ghetto where hygiene and crime rates are high. Instead, take a physical tour to some of the neighborhoods you are thinking about moving into to make sure that it is what you want. Choose a place that is easy to commute to your workplace and will make you feel at home and safe. Also, you can look for one surrounded with quality schools to make it easy to choose the best schools for your kids.

Bottom Line

While Boulder is a great place to relocate with your family, you need to consider some important factors to be able to make a good decision. Settling in in a new environment can be challenging and that is why you need to put in effort while being careful of the decisions you make.

 

4 Benefits of Using a Mortgage Broker

Shopping for a mortgage lender without being guided by a mortgage broker can be a daunting task. For a start, you will have limited options because you don’t have the time to navigate through the entire marketplace. The worst part is that you might end up taking a mortgage loan that’s not tailored to your needs or budget. Partnering with an experienced Mortgage broker Noosa gives you an edge when negotiating for fair loan terms with the lender. Besides that, you don’t have to worry about anything because all the paperwork and legwork is handled by the broker. Below is a list of reasons for involving a mortgage broker when looking for a home loan.

  1. Free Services

Some homebuyers avoid consulting a mortgage broker because they imagine that they will be asked to pay for the service. For the sake of setting the record straight, mortgage brokers are not paid by homebuyers. This is because they are usually given a small fraction by the mortgage lender depending on the number of deals they have closed in a month. You can therefore be sure that you will get advice from a professional without having to pay even a single cent. You should actually take advantage of such free services to make sure you get nothing but the best bargain in the marketplace.

  1.  Saves You Time

Navigating through the property market on your own is like going to a court of law without an attorney. This is because you will be stressed by having to meet up with different lenders and not knowing how to answer the questions they will ask you. In addition to that, you may not understand some details that are required in the application forms. Lest you forget, you still have work to do and a family that needs your attention among many other things. When you work with a mortgage broker, the burden of doing the paperwork, comparing interest rates and answering questions falls on his shoulders. You therefore don’t have to care how things will happen because you just want to get a home loan.

  1. Better Understanding of Mortgage Products

Mortgage brokers understand mortgage products than everyone else. This is because they have handled many clients with various needs for many years. Besides that, they maintain long term relationships with lenders. They are actually among the first people to know when properties get listed. They can therefore help you find a mortgage lender that offers the lowest interest rate and favorable payment period. This is due to the fact that they are contracted by lenders that don’t advertise their products.

  1. Work Independently

A mortgage broker can’t be manipulated by a home loan lender. This is because they have partnerships with multiple financial institutions. And although they are the ones that link home buyers with lenders, they are licensed to offer their services independently. You can therefore be sure that such a broker has your best interests at heart. A broker can go the extra mile to help you find a lender even when you have a poor credit score. If you approached the banks on your own with a bad credit, they would just close the door on you.

4 Things You Should Know about Corporate Real Estate in London

The corporate world of real estate gets more advanced day by day and it can be hard to keep up with the progress. In London, the development and advancement are so great that it has left so many confused and eroded of even the initial knowledge they knew about. The advancement has also been in both the positive and the negative way meaning that there are so many frauds in the market waiting to prey on innocent and unsuspecting clients. In order to differentiate between a genuine and a fraud, you need to have a good background knowledge about the corporate real estate world. Go through the internet for research or even from the local papers to be more knowledgeable in the field. Before you choose an agency and stick to them fully, here are some of the things you should know about corporate real estate in London:

 

  • The services offered. One of the most popular services that challenge people is the serviced offices or the ones that are not. The serviced offices are expensive as they come with their own furniture, they have a specific layout or if you like it can be customized to your specifications. The offices that are not serviced are not that expensive. If you are starting a business, serviced offices may be the best way to go as you will have everything prepared for you and ready. If you have your own staff and furniture, you can go with the ones that are not serviced as it will be cheaper for you.

 

  • The price variations. The price will not only vary based on whether the office is serviced or not but it will also depend on the space available. It is obvious that large space will attract large sum of money to purchase or start up with. When you are looking for an office space, there are things you should look into consideration. Things like; the number of staffs you have or need, the planned budget and future expansion. All these considerations should dictate the space that will comfortably suit you and your staff.

 

  • The accessibility. This is an important consideration to look out for when you are considering an office space in London. The location of the office may cause a great variation in the price and also in the success and progress of the business. For example, it will be expensive to rent or buy office space in the capital centre and on the other hand, it will be hard to market the business on the outskirts of London. Choose an office space that is easily accessible and appropriate to run your business.

 

  • The agency reputation. Choosing an agency to handle your corporate real estate problems and emergency is something that need to be done with a lot of care and by putting great thought to it. This is because there are so many frauds in the market and you wouldn’t dream to be their prey. For the best corporate real estate agents, visit https://www.londonofficespace.com/serviced-offices.html for more information.

 

Having a background knowledge on the subject and also running some background check on the agencies would be the best thing to ensuring you get the best and you are safe from predators.