East Coast Properties, LLC



Posted by East Coast Properties, LLC on 2/29/2016

When you are buying a home the costs really add up and you may start thinking about where you can save money. One question that many buyers ask is do I need a home inspection? Most often the answer to the question is yes! A home inspection is an objective examination of the home and its systems. The inspection covers the entire house from the roof to the foundation. A home inspection will cover the home's foundation, basement, structural components, roof, attic, insulation, walls, ceilings, floors windows and doors. It will also examine the heating system, air conditioning, plumbing, and electrical systems. Because a home is often the largest single investment you will ever make it is important to know as much as you can about the home before you buy it. A home inspection will help you identify any needed repairs as well as what is needed to regularly maintain the home. The home inspection will help you proceed with the purchase with confidence. When choosing a home inspector cost shouldn't be your first consideration. Look for the inspector's qualifications, experience, training and compliance with state regulations. Remember, that no house is perfect. There are bound to be issues with almost any home use the information to decide if the house is right for you.

 
 
   





Posted by East Coast Properties, LLC on 2/22/2016

It is a great time to be a real-estate investor. If you are looking to jump in the investor market low home prices and low interest rates make this a great time. According to Zillow.com. the real-estate market is starting to recover: U.S. houses lost $489 billion in value during the first 11 months of 2009, but that was significantly lower than the $3.6 trillion lost during 2008 and things only continue to look up. While the timing may be right, you will need to have all your ducks in a row. An investment purchase is different than your typical purchase. Consider your options. Have a strategy and know what kind of investor you would like to be. Ask yourself if you want to be a landlord, or are you planning on flipping or restoring and reselling properties. What types of properties are you interested in? There are many choices from land, to apartment buildings, residential housing and other commercial real estate. Partner with experience. Real estate agents experienced in investment property deals know what to look for in a deal. You may also want to consider asking a more experienced real-estate investor for advice. If you plan on becoming a landlord make sure to familiarize yourself with the local laws regarding being a landlord. Location, location, location. If you buy a property with hopes of renting it out, location is key. Homes in high-rent or highly populated areas are ideal; stay away from rural areas where there are fewer people and a small pool of potential renters. Also, look for homes with multiple bedrooms and bathrooms in neighborhoods that have a low crime rate. Also think about potential selling points for your property. If it's near public transportation, shopping malls or other amenities, it will attract renters, as well as potential buyers if you decide to sell later. The more you have to offer, the more likely you are to please potential renters. Have capital lined up. Speak to potential lenders or a financial planner about what you will need for assets and cash flow. You will need to have enough assets to handle the ups and downs that could come with investing. Most experts suggest a fallback of about six months of mortgage payments for landlords. You will need this in case or vacancy or repairs. If you're planning to fix up a home and sell it, you will need reserves to cover the costs to maintain the home while it is on the market. Becoming a real-estate investor is much different than being a residential homebuyer. A buying decision is a business decision not one based on emotions.





Posted by East Coast Properties, LLC on 10/19/2015

There is a lot to know when it comes to senior housing. Thinking about future housing arrangements can be a stressful topic for both you and your family. There are so many options, types of housing and so much to know. In order to find the best fit you will have to learn about the different types of senior housing available, which choices may be best for you, and how to navigate the terminology. A great resource SeniorHousingNet has created a glossary of commonly used terms and the different senior housing and care choices available. You can find it here.  





Posted by East Coast Properties, LLC on 2/23/2015

When you are buying a home the costs really add up and you may start thinking about where you can save money. One question that many buyers ask is do I need a home inspection? Most often the answer to the question is yes! A home inspection is an objective examination of the home and its systems. The inspection covers the entire house from the roof to the foundation. A home inspection will cover the home's foundation, basement, structural components, roof, attic, insulation, walls, ceilings, floors windows and doors. It will also examine the heating system, air conditioning, plumbing, and electrical systems. Because a home is often the largest single investment you will ever make it is important to know as much as you can about the home before you buy it. A home inspection will help you identify any needed repairs as well as what is needed to regularly maintain the home. The home inspection will help you proceed with the purchase with confidence. When choosing a home inspector cost shouldn't be your first consideration. Look for the inspector's qualifications, experience, training and compliance with state regulations. Remember, that no house is perfect. There are bound to be issues with almost any home use the information to decide if the house is right for you.

 
 
   





Posted by East Coast Properties, LLC on 4/14/2014

You have decided to sell. But before you put the sign in the yard there are some things you will want to make sure you have done. Time spent doing research and setting the right price will most likely yield you a better return in the end. A home is only worth what a buyer is willing to pay for it. Track your neighborhood values Find out what homes similar to yours are selling for in your neighborhood so you will have a good idea what your home is worth. Buyer or seller market You need to judge whether it's a sellers' market or a buyers' market in your neighborhood. Remember that all real estate is local. You will want to research things like interest rates, home inventory, job forecasts, and even time of year. Research inventory How many homes are for sale? If you live in a desirable neighborhood and there aren't many homes for sale, you will have a clear edge here. However, if you see lots of homes on the market and they're not selling very quickly, you might have to reduce the price you had in mind. Know the average days on the market Review the homes in your neighborhood and their days on market sometimes referred to as DOM. Look at trends for the past year and assess whether homes were appreciating or depreciating. Monitor the job market Is a big company relocating workers to your area? Or are they moving out and shutting the doors? The job market has a lot to do with the real estate market. Attend nearby open houses Observe how other properties are showing and compare them to your home. At an open house you can often feel the "mood" of potential buyers. Get a professional opinion A real estate professional will be able to help you gather all of the above information and come up with a CMA or comparable market analysis to determine the best price range for you home.