Most of us need a mortgage to buy a home. So determining the size of a mortgage is likely the most critical part of the process, some may argue it is more important than picking the actual house or condo.
The robust real estate market here in Austin is great for those who own property, particularly if they got in a while ago and bought low. Nevertheless, the competitive market should not prevent others from buying a rental property because it is still often an excellent investment.
When parties sign a real estate contract, it is with the assumption that the businesses, buyers, landlords or tenants will honor the terms. However, this is not always the case, or perhaps they even violated the law. The contract will usually outline the terms of contract violation, but the reality of solving it may be different.
The tenant improvement allowance is an important part of any commercial lease negotiation. This allowance given the landlord enables the new tenant spend money to build out the space so it better fits its specific needs. This along with the length of the lease are going to the be two most significant issues to impact on the amount a tenant pays on its negotiated rental rate.
We like to post helpful real estate tips lists every once in a while. Our last one focused more on low-impact home improvements, but this list involves the so-called “staging” of a home. As is always the case, the idea is to prepare a home and make it appealing enough that the buyer either wants to move in or sees it as a good investment.
Real estate transactions involve the most valuable asset for many of us – our homes – but it can also be an investment property. Either way, part of that transaction process involves transferring the title from one party to another. It is crucial that property sellers and buyers ensure that these matters are in order.
Different initiatives have been designed by the federal government to incentivize private investment in low-income communities. Today, it is Opportunity Zones that are located in a few areas here in Austin, but an estimated 57 percent across the country would qualify. These types of new markets programs have been around for a while but have gained new relevance in the new Tax Cuts and Jobs act of 2017.
Amazon has made a lot of news in recent months about opening a new campus. It eventually picked both Arlington, Virginia as well as the Queens’ neighborhood of Long Island City in New York City, which will a large new campus for 25,000 employees. Google, on the other hand, started with a single employee in Manhattan and has grown to 7,000 in the Chelsea neighborhood.
Real estate investments or vacation properties hold a certain appeal. Some investors like the fact that they actually own something tangible as opposed to playing the stock market. Others hear stories of major paydays for those who bought early and then cashed out.
The cost of housing is an ongoing hot-button topic for residents here in the Austin metro area. The general complaint is that the city’s growth is pushing rental and real estate prices through the roof.