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Elite Results Realty Blog

Wednesday, October 12, 2022   /   by Chelsea Hilderbrand

Why Are We Seeing More Foreclosures?

What will happen now that the moratorium on foreclosures has ended?
Are we about to see a tsunami of foreclosures and a struggling market similar to what happened in the real estate market crash of 2008? The short answer is no—foreclosures will start increasing again but not enough to worry over. Today I’ll go into more detail and explain why increasing foreclosures don’t spell doom for the market.
At the beginning of the pandemic, many thought that a housing market crash would happen, but it didn’t. In fact, because of the combination of government support, low interest rates, and eager homebuyers, we experienced a housing boom. However, the various foreclosure moratoriums that protected people from financial disruptions during the pandemic are now ending. As a result, the number of foreclosures is now increasing again.
“Frustrated buyers will eventually have more options available to them.”
The number of foreclosure notices has increas. ...

Monday, September 13, 2021   /   by Vyral Marketing

How To Use Good Debt to Your Advantage

An explanation of the difference between good debt and bad debt.

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Most people think of debt as something you want to avoid, but is this always the case? Today we want to talk about the difference between good debt and bad debt.
The main question you should ask yourself is, “Does this debt pay for itself?” If the answer is yes, then it’s good debt. Most consumer loans, such as credit cards, car payments, and payday loans, are what we would consider bad debt because they do not pay for themselves. A trickier example is student loan debt. If the education nets you a high-paying job, then it could be considered good debt. However, this is not always the case.
"People think you need a ton of money to invest in real estate, but that's not necessarily true."

Most financial experts would consider home loans to be good debt because you replace what you would pay for rent wi. ...

  buying a home, real estate investing

Friday, August 27, 2021   /   by Vyral Marketing

How Property Management Services Benefit Landlords

Learn more about the upsides and downsides of property managers.

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If you own an investment property, you’ve probably wondered about whether you should hire a property management company. A property manager takes a lot of landlord-related processes off your plate, as they collect rent, handle maintenance requests, help with evictions, and much more. Here’s a little more information about how they help with each of these tasks:
Across the board, your property manager serves as the main contact for your renters. They handle rent payments, often by offering an online payment portal. This helps you avoid having to chase down checks each month.
Another great benefit involves maintenance problems. Nobody wants to get a call in the middle of the night about a broken toilet, but with a property manager, you won’t have to worry about it. The property manager handles maintenance requ. ...

  real estate investing

Friday, August 13, 2021   /   by Vyral Marketing

Why You Should Avoid Overpricing or Underpricing Your Home

Overpricing or underpricing your home can be disastrous for sellers.

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In our market, most homes are still getting multiple offers and quickly selling for above asking price. However, we’re starting to see some homes coming onto the market that are priced a bit too high, and they end up sitting unsold.
When a home’s already overpriced, it’s rare that a buyer will offer to pay more. The home may still get offers, but they’ll be well below asking price. Often, they end up selling for much less than they would have if they were priced correctly.
"Pricing a home too high or too low can cause a seller to scare off buyers who would be willing to pay a maximum price for their home."

Some homes are also being underpriced, which creates large bidding wars and causes some buyers to get discouraged and fatigued. They may not even make an offer when they hit this point.
As yo. ...

  selling a home

Tuesday, July 27, 2021   /   by Vyral Marketing

Can You Still Buy a Great Home After You Sell?

My advice on how you can find a great home after selling.

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Today, we’re living in one of the craziest seller’s markets I have ever seen. You would think this means now is a great time to sell your home, but a lot of clients have told me they’re worried they won’t be able to find a great home once they’ve sold. Can you still find a great home in today’s market?
From personal experience, the answer is definitely yes. We’ve helped loads of clients seamlessly transition from selling their old home to living in their new home. They didn’t have to settle for something they didn’t really want, and they didn’t have to pay way out of budget to do it.
For example, we had a recent client who needed to sell before they could purchase their new home. However, in today’s hot market, it’s really difficult to get your offer accepted if. ...

  buying a home, selling a home