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Roanoke Home Buyers and Sellers Blog

Wednesday, May 8, 2024   /   by Rene Reiner

How to get started as a Real Estate Investor

Starting in real estate investment can seem daunting, but with the right approach, it can be an exciting and profitable journey. Whether you're looking to create a steady stream of passive income, save for retirement, or diversify your investment portfolio, real estate offers a wealth of opportunities. Here's a comprehensive guide to getting started in real estate investment.
1. Educate Yourself
Before diving into real estate investment, it's crucial to understand the basics. This includes learning about different types of real estate investments (e.g., residential, commercial, industrial, retail, mixed-use), financing options, market analysis, and the legal aspects of real estate. There are numerous resources available for beginners, including books, podcasts, online courses, and seminars. Consider joining real estate investment groups or online forums to learn from experienced investors.
2. Set Clear Goals
Identify what you want to achieve with your real estate investments. Are ...

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Monday, March 11, 2024   /   by Joe Johnson

March Real Estate Roundup: Planning for Closing Costs Over 3%

WHAT YOU'LL LEARN


Why closing costs have gone up


Why discount points could be a good choice


How a closing cost worksheet can help





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For a long time, 3% of the loan amount in closing costs was the standard most clients could expect. But in the current market, we are finding that 4-5% is a safer estimate (although they could be higher or lower). There are many factors that go into closing costs – they aren’t due to any one party or item in the transaction.  

Why Closing Costs Are Higher 

First, the amount of the settlement costs rely greatly on the loan amount. Some costs are fixed, but most a ...

Wednesday, February 21, 2024   /   by Joe Johnson

FIVE COMMON HOME PRICING MISTAKES AND HOW TO AVOID THEM

When it’s time to sell your home, selling it for the right price that coincides with the current local housing marketing is key. Selling can be difficult and daunting, but if you avoid common mistakes, it can help ensure the process is stress-free and easy. Here’s what you should avoid before you put your house on the market:
1. Not doing any researchSetting a price on a home without performing the necessary research before putting it on the market will make the process more time consuming and difficult. It’s always in the seller’s best interest to research not only the market but also prices of surrounding homes in your neighborhood. By doing so, it guarantees you can sell your home for what it’s worth without overpricing it. Researching will set you up for success and ensure you’re on the right track to successfully sell your home!
 
2. Setting the price too highThis is one of the biggest mistakes a seller can make, and it almost always ...

Wednesday, February 21, 2024   /   by Joe Johnson

HOW TO ASSESS A HOME'S NEIGHBORHOOD

While you can’t control what happens outside your home, these are ways to assess the value of a home’s neighborhood – and whether it’s right for you:
AESTHETICS
Looks aren’t everything, but they do say a lot about a neighborhood. An attractive neighborhood shows people care about it. And that great curb appeal can be helpful down the road when selling your house. The next buyer will see a great-looking place and feel right at home.
AFFORDABILITY
Different than the actual price of the house, affordability reflects the standard of living in the city or neighborhood you’re considering. How much does it cost to truly live in the area? See how much groceries, transportation, child care, restaurants, movies and other entertainment cost. Then do the math to see if life here fits your budget.
SAFETY
Whether you’re living alone or have family, feeling safe in your neighborhood is an important factor. Tap into online tools (like these) to find ...

Wednesday, February 21, 2024   /   by Joe Johnson

6 STEPS TO HELP PROTECT YOUR CREDIT

 
Good credit is an important tool for financial health. Protect yourself from things like fraud, identity theft or bad money habits that could bring it down.
If you’re reading this article, you probably know how important healthy credit is to your financial well-being. Good credit scores, generally in the range of over 700, make you more likely to be approved for loans, but also mean you’ll likely pay less to borrow money. The good news is there are clear steps you can take to improve your credit score , but once you’ve built solid credit it’s important to maintain it as well.
 
 So how do you do it? Here are 6 tips for maintaining a strong credit score:
 


STAY ON TOP OF YOUR BILLS.


The most important factor to determining your credit score is whether you consistently pay your bills on time. This doesn’t change once you’ve built up a good score. When a bill is more than 30 days past due, it will show up on ...
Reiner Realty
Rene Reiner
2923 Brambleton Ave. SW
Roanoke, VA 24015
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com
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Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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