real estate – 4 Walls And A View http://4wallsandaview.com/ Mon, 14 Mar 2022 06:25:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://4wallsandaview.com/wp-content/uploads/2021/06/icon-5.png real estate – 4 Walls And A View http://4wallsandaview.com/ 32 32 4 real estate costs to budget for https://4wallsandaview.com/4-real-estate-costs-to-budget-for/ Mon, 14 Mar 2022 06:25:00 +0000 https://4wallsandaview.com/4-real-estate-costs-to-budget-for/ Buying a home is very expensive, especially in today’s real estate market where a mere million dollars won’t get you very far in the big cities! If you’re in the market, there are various ongoing payments that need to be considered in addition to paying off your home loan. These additional costs are often overlooked […]]]>

Buying a home is very expensive, especially in today’s real estate market where a mere million dollars won’t get you very far in the big cities!

If you’re in the market, there are various ongoing payments that need to be considered in addition to paying off your home loan. These additional costs are often overlooked when evaluating the cost of a home, but they are important for keeping your home up to standard and keeping your utilities on!

Here are some additional costs you may not have considered:

Home and contents insurance: Home insurance, also known as building insurance or home insurance, is designed to protect your home against events beyond your control, such as fires, floods and storms. The cost of home insurance can depend on the type of property and factors such as the size and age of the property are factors. You can compare different insurance packages here at Mozo, with the best products carefully selected by our team.

Utilities: electricity, gas, water and internet connection are all examples of utilities that cost money on top of your regular mortgage payments.

General maintenance: General maintenance jobs such as touching up paint, clogged gutters, tightening leaky faucets and unclogging clogged pipes can be costly if you need a specialist such as a plumber or builder. These additional costs are important to consider and budget for in an emergency. For advice on how to improve your home at a good price, you will find some useful tips in this guide.

Garden maintenance: if you have a house with a garden, you may need to hire a gardener to help you maintain your garden, otherwise, if you do it yourself, gardening tools, plants and weedkillers all cost the money.

How to make my homeownership budget work:

Start by creating a budget and including all of your regular expenses, such as mortgage payments and utility bills. Remember to allocate an appropriate amount of money to save regularly for emergencies like home maintenance.

If you’re not sure how to start budgeting, check out our guide, How to Create a Budget for some helpful tips.

If you need help calculating all your costs and creating a budget, check out our budget calculator.

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Business People – February 26, 2022 | Bismarck-Mandan Economic News https://4wallsandaview.com/business-people-february-26-2022-bismarck-mandan-economic-news/ Sat, 26 Feb 2022 07:00:00 +0000 https://4wallsandaview.com/business-people-february-26-2022-bismarck-mandan-economic-news/ Lignite Energy Council promotion, hiring mike holmes was named executive vice president of research and development for the Lignite Energy Council and continues in his role as technical advisor to the North Dakota Industrial Commission’s lignite research program. Holmes joined the Lignite Council in 2017 after more than 15 years with the Grand Forks Energy […]]]>

Lignite Energy Council promotion, hiring

mike holmes was named executive vice president of research and development for the Lignite Energy Council and continues in his role as technical advisor to the North Dakota Industrial Commission’s lignite research program.

Holmes joined the Lignite Council in 2017 after more than 15 years with the Grand Forks Energy and Environmental Research Center.

Rachelle Anderson was hired as finance and benefits manager for the Lignite Energy Council, replacing Marie Hoerner, who announced her retirement.

Gate City Bank promotes four

Luck Schmidt was promoted to Assistant Vice President, Insurance Advisor at Gate City Insurance Agency. He was previously an insurance consultant. Schmidt brings six years of experience to Gate City Insurance Agency.

Brandt Klinnert was promoted to assistant vice president, head of personal loans at Gate City Bank. He previously held the position of personal loan officer. Klinnert brings five years of experience to Gate City Bank. He studied at the North Dakota State College of Science and received his degree in business management from Rasmussen College.

People also read…

Sonja Murray was promoted to assistant vice president, head of mortgages at Gate City Bank. She previously held the position of Mortgage Loan Officer. Murray attended the University of North Dakota, earning her degree in marketing.

Cassidy McMullen was promoted to Assistant Vice President, Personal Banking Supervisor at Gate City Bank. She previously held the position of Personal Banking Supervisor. McMullen graduated from Dickinson State University, earning her bachelor’s degree in college studies.

Cédric Theel Toyota Rental

Elijah Millner joins Cedric Theel Toyota as Product Specialist. Millner attended North Dakota State University.

KLJ promotes Erickson

Chris Erickson has been promoted to Right-of-Way Service Manager by KLJ Engineering LLC. Erickson joined KLJ in 2015 as a right-of-way specialist. He is a licensed real estate agent with a master’s degree from Minot State University.

Monthly rewards

North Dakota Farmers Union Insurance, based in Jamestown, announced professionals who have exceeded their positions for the month of December.

David BeckBismarck, was a top five producer of new health insurance sales, new life insurance sales and new incremental sales.

David BergerMandan, was the top producer of new car insurance sales.

Phil HalvorsonMandan, was one of the top five producers of new health insurance sales.

Chad OswaldWilton was a top five selling producer of new FUIC personal lines.

Courtney SchauerMandan, was a top five producer of new life insurance sales.

ryan schnellBismarck, was a top five producer of new FUIC personal line sales and new life insurance sales.

Lewis SchockMandan, was a top five producer of new health insurance sales and new supplemental insurance sales.

Submit businesspeople and business abstracts to businessbeat@bismarcktribune.com. The deadline for submissions is Tuesday noon.

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What does landlocked mean? | Accelerate lending https://4wallsandaview.com/what-does-landlocked-mean-accelerate-lending/ Mon, 21 Feb 2022 06:51:56 +0000 https://4wallsandaview.com/what-does-landlocked-mean-accelerate-lending/ Buy landlocked property Buying a landlocked property can be somewhat different from buying a house with road access. On the one hand, it is often sold at a significant discount, since there is no direct route that allows you to visit your property. On the other hand, because landlocked land offers limited accessibility and is […]]]>

Buy landlocked property

Buying a landlocked property can be somewhat different from buying a house with road access. On the one hand, it is often sold at a significant discount, since there is no direct route that allows you to visit your property. On the other hand, because landlocked land offers limited accessibility and is often the result of landlords subdividing parcels of their real estate, they often also come with greater conditions.

Example: If you’re buying landlocked property, chances are you’ll need to get an easement (which gives you the right to access someone else’s property) with at least one of your neighbors. If that doesn’t work, you may need to ask the local authorities for an access road.

Securing an easement

An easement can allow you to drive across designated parts of someone else’s land or give you permission to build an access road on their parcel that leads to your property. Easements must be formally codified in writing and your ability to obtain one will often depend on whether your neighbors are willing to play ball. If they are unwilling to negotiate (neighbors are often happy to let you through, especially for a small fee), you may need to sue and go to court to get the easement. Note: Easement or not, property taxes remain the responsibility of the new landlocked owners.

To obtain an easement in brief, you will need to:

  • Hire a professional to carry out a real estate appraisal.
  • Talk to the owner of the land on which you wish to obtain an easement.
  • Make an offer to the owner and negotiate with him.
  • Meet with a lawyer to get advice, review the terms of the agreement, and process all paperwork.
  • If negotiations fail, ask your real estate attorney to take legal action to gain access to your property.
  • Get a court order granting you the easement.

Understanding Right of Way Easements

You should also know that there are several types of easements. A right of way easement allows you to cross another party’s property – useful if you need to cross, for example, a paved road or a dirt road that crosses their land. Alternatively, it could allow you to build a driveway through their land that leads to your front door.

Alas, if your neighbor does not grant you one, you may have to apply for an easement out of necessity. Basically, a court order that grants you the access you need to your property through someone else’s land.

To get a necessity easement, as above, you will need to speak to a lawyer and take them through the process of filing a lawsuit so that you can get a court order granting it.

Filing such a lawsuit is often time-consuming, expensive and stressful – and will do little to improve neighborly relations. If you can make a deal, it’s usually beneficial to talk things out first without resorting to the court system.

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Greystone provides $49 million HUD-insured loan for Houston affordable home https://4wallsandaview.com/greystone-provides-49-million-hud-insured-loan-for-houston-affordable-home/ Thu, 17 Feb 2022 02:59:23 +0000 https://4wallsandaview.com/greystone-provides-49-million-hud-insured-loan-for-houston-affordable-home/ Greystone, a leading national commercial real estate finance company, has provided a $49,032,200 HUD-insured loan for the acquisition of a 312-unit multifamily property in Houston, Texas. The transaction was initiated by Shana Daby of Greystone on behalf of Olive Tree. The 35-year fixed-rate non-recourse loan for The Life at Westpark secures affordable housing with long-term […]]]>

Greystone, a leading national commercial real estate finance company, has provided a $49,032,200 HUD-insured loan for the acquisition of a 312-unit multifamily property in Houston, Texas. The transaction was initiated by Shana Daby of Greystone on behalf of Olive Tree.

The 35-year fixed-rate non-recourse loan for The Life at Westpark secures affordable housing with long-term FHA financing. Life at Westpark includes two-, three-, and four-bedroom units, all reserved for residents earning 60% of the area median income (AMI). With accessibility set to expire by 2025, new funding provided by HUD extends accessibility for 75 years after closing. The new owner, a partnership between Olive Tree and the Houston Housing Authority, plans to spend about $25,000 per unit to renovate the community, which was built in 1994. Current amenities include two swimming pools, a playground, land basketball court and recreation center. Property upgrades include Fair Housing Act compliant renovations, new flooring, countertops and cabinets, energy
efficient plumbing fixtures and the replacement of water heaters and HVAC condensers with energy efficient units.

“Olive Tree has a long-term commitment to acquiring, preserving and improving the physical condition and affordability of multi-family housing across the United States, with particular emphasis in the Houston market,” said Ian Bel, managing member and CEO of the borrowing entity. “With their knowledge of affordable housing and the Texas market, as well as the multitude of financing options available, Greystone has been a great partner as we work to achieve our goals.”

“Ian and his team have shown that their dedication and perseverance will have a very positive impact on Houston and its people,” Ms. Daby said. “Preserving the affordability of this quality asset for decades to come will surely be a comfort to many. We were delighted to work with Olive Tree on this exciting acquisition. Additionally, HUD demonstrated its commitment to affordable housing by demonstrating impressive skill and speed in closing the transaction within a critical timeframe.

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Types of Loans You Need to Get Out of Your Financial Troubles Faster https://4wallsandaview.com/types-of-loans-you-need-to-get-out-of-your-financial-troubles-faster/ Mon, 14 Feb 2022 16:37:52 +0000 https://4wallsandaview.com/types-of-loans-you-need-to-get-out-of-your-financial-troubles-faster/ Posted on Monday, February 14, 2022 at 11:37 a.m. Join AFP’s more than 100,000 followers on Facebook Buy an AFP subscription Subscribe to AFP podcasts on Apple podcast, Spotify and pandora News, press releases, letters to the editor: augustafreepress2@gmail.com Advertising inquiries: freepress@ntelos.net (© Panumas – stock.adobe.com) At some point, you went bankrupt and felt like […]]]>
instant loans
(© Panumas – stock.adobe.com)

At some point, you went bankrupt and felt like there was no way out of the mess you were in. You might have wanted to pay big bills such as electricity, rent or maybe your car broke down and needed a quick fix, but there seemed to be no light at the end of the day. tunnel.

So, if you are in a financial crisis, don’t panic. This article will share some of the instant loans you need to have a positive turnaround in your financial journey.

Types of Loans You Need to Get Out of Your Financial Troubles Faster

1. Payday Loans

Payday loans are a blessing as they offer short term loans that help you meet your financial challenge by securing instant loans. The best part is that it doesn’t require a good credit score or a credit check. Likewise, you don’t have to offer anything as collateral to secure these loans. However, you must ensure that you benefit from your paycheck so that they can be sure that you are able to repay on time (to be paid the next payday).

However, getting payday loans is not all rosy as it comes with massive interest rates, often ridiculous for a short-term loan. But overall, it’s a useful loan that can come in handy when your financial weight is too much to handle.

2. Consolidation Loans

Consolidation loans are specially designed for people in crisis. They need to review their finances, reduce their periodic payments and consolidate their debts into one loan.

Similarly, consolidation loans can be used to pay off contemporary store credit cards, resulting in benefits such as interest-free intervals on the current balance and low rates that will increase over time.

3. Business Loans

Business loans are supposed to be a quick fix for all business people. However, depending on the financial institutions, guidelines and requirements may differ when it comes to loan options. This means that a financial institution’s demands will vary from time to time.

If you are interested in a business loan, you will need to contact them about your business situation and then be sure to provide adequate details and information regarding the agreement. Otherwise, whenever you hit a snag, this is an exceptional business loan that every entrepreneur should consider.

4. Personal loans

Personal loans are simply credit unions or bank loans that lure people in with low interest rates that are massively better than most loans acquired elsewhere. Personal loans allow you to obtain up to $30,000 repayable in 12 to 84 months, depending on the grantor’s loan policy.

And unlike other loans, personal loans don’t require you to provide collateral before you are offered the loan. Likewise, they have flexible repayment terms, which means you can talk to the settlor if you need more time to pay off your loan.

5. Pawnbrokers

Pawnshops are also great ways to get instant loans. You only need to provide an item of value, such as an electronic device or jewelry, to access a loan that is significantly less than the value of the item you provide.

However, each pawnshop has its loan policy and interest rates. So, depending on where you take your valuables, the interest rates can be favorable or ridiculous. Similarly, pawnshops won’t return your item to you until you’ve paid the full price and met the terms and conditions of the loan you’ve agreed to.

6. Unsecured Personal Lines of Credit

Unsecured personal loans are great ways to get cash and use it to buy anything you want. However, you cannot use this loan to acquire vehicles, real estate and properties. Also, getting this loan is easy because the qualifying criteria doesn’t pay much attention to your bad credit rating and doesn’t require any collateral before offering you a loan.

An unsecured loan can cover many family expenses and emergencies. Banks usually give out unsecured loans when people don’t meet the specific criteria they need, so it’s better than nothing. So, if you find it difficult to get a loan when you are in financial crisis, apply for unsecured loans.

7. Securities Lending

Securities lending come in handy when you own a motor vehicle and want a quick loan. The loan allows you to borrow 50% or 25% of the value of your vehicle. The loan amount depends on the lender. Typically, you’ll have to pay the loan back in 15-30 days, and if you default, they’ll take your car.

The truth is, title loans still have alarmingly huge annual interest rates, and you don’t get your vehicle back, at least not until you finish paying the full amount and interest rates. agreed interest.

Conclusion

The truth is, the world has grown, the 90s mindset is gone, and now more than ever, there are plenty of ways to get loans. Be it long-term or short-term loans, they are easy to obtain after in-person visits to the bank or online.

However, every loan deal has a catch, whether it’s fees, interest rates, or ridiculous collateral that goes unpaid unless you pay your loan fees. We recommend using Viva Payday Loans as they have low interest rates and are issued without a thorough credit check.

History of Denzil Otieno

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augusta free press

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First-Time Home Buyer in DC | 2022 Programs and Scholarships https://4wallsandaview.com/first-time-home-buyer-in-dc-2022-programs-and-scholarships/ Thu, 10 Feb 2022 12:33:00 +0000 https://4wallsandaview.com/first-time-home-buyer-in-dc-2022-programs-and-scholarships/ What to know about buying a home in Washington DC Being a first-time homebuyer in Washington DC can seem like a daunting prospect; most houses in the district are extremely expensive. But there is also good news. You could be online for all kinds of help, from special mortgages to home buying education courses. Indeed, […]]]>

What to know about buying a home in Washington DC

Being a first-time homebuyer in Washington DC can seem like a daunting prospect; most houses in the district are extremely expensive.

But there is also good news. You could be online for all kinds of help, from special mortgages to home buying education courses.

Indeed, some DC homebuyers receive down payment assistance, which could help you cover any shortfall in your savings. So you could be moving into your first home sooner than you thought.

Check Your Home Buying Eligibility at DC Start here (February 10, 2022)


In this article (Skip to…)


DC Homebuyer Preview

The median sale price in the district was $740,000 in November 2021, according to Realtor.com. This is much higher than the national median price.

But first-time home buyers may be queuing up for help, which can put homeownership within reach, even at these high prices.

And there was a glimmer of good news. DC real estate listing prices rose just 4.2% in the 12 months ending November 2021. And that was just a fraction of the national average.

DC Home Buyer Overview
Average DC Home Selling Price $740,000
Minimum CD deposit (3%) $22,200
20% deposit at DC $148,000
Average DC Credit Score1 713
DC Home Buyer Loan Maximum2 Up to $84,000 through the DC government’s Home Purchase Assistance Program (HPAP)

Installment amounts are based on the state’s most recently available average selling price. The “minimum” down payment assumes a 3% down payment on a conventional mortgage with a minimum credit score of 620.

If you qualify for a VA loan (backed by the Department of Veterans Affairs) or a USDA loan (backed by the United States Department of Agriculture), you may not need a down payment at all..

Check Your Home Buying Eligibility at DC Start here (February 10, 2022)

Loans for buying a first home in DC

If you’re a first-time buyer in Washington DC with a 20% down payment, you can get a conventional loan with a low interest rate. And you’ll never have to pay for private mortgage insurance (PMI). The same goes for buyers all over the country.

Of course, few first-time buyers have saved a 20% down payment. But the good news is that you don’t need it.

DC homebuyers can often buy a new home with as little as 3% or even 0% down payment using one of these low down payment mortgage programs:

  • Conventional 97 – From Freddie Mac or Fannie Mae. 3% down payment and 620 credit points minimum. You can usually stop paying mortgage insurance after a few years
  • FHA loan – Supported by the Federal Housing Administration. 3.5% down payment and a minimum credit score of 580. But you are responsible for mortgage loan insurance until you refinance another type of mortgage, move house, or pay off your loan.
  • VA Loan – Only for veterans and military. No deposit is required. Minimum credit score varies by lender, but often 620. No outstanding mortgage insurance after closing. These are arguably the best mortgages available, so apply if you qualify
  • USDA Loan – For low to middle income people buying in designated rural areas. No deposit required. Credit score requirements vary by lender, but often 640. Low mortgage insurance rates
  • DC OpenDoors Mortgage – “Competitive interest rates and lower mortgage loan insurance costs. Plus the possibility of mortgage credit certificates giving mortgage interest deductions from federal taxes

Depending on the loan program you choose, you could potentially walk into a home with very little money out of your pocket.

These programs even allow you to use donated cash or down payment assistance to cover the down payment and closing costs.

If you’re unsure which plan to choose for your first mortgage, your loan officer can help you find the right plan for you based on your finances and buying goals.

Find the best first-time buyer loan for you (February 10, 2022)

DC Home Ownership Programs

The DC Housing Finance Agency (DCHFA) ​​offers a range of homeownership programs, including its DC Open Doors offering. This promises “competitive interest rates and lower mortgage loan insurance costs on the first trust [main] mortgages”. If you qualify, you can combine this with a down payment assistance program, which we’ll cover in the next section.

To qualify for a DC Open Doors loan, the main eligibility criteria require that you:

  • Choose a lender from a list of participants in the program
  • Have a credit score of 620 or higher
  • Do not earn more than $151,200 per year (this is the borrower’s income, not the household’s)
  • Take out a mortgage of $510,400 or less

These are early 2022 numbers and you should check the website to see that they still apply when you read this.

To find out more, book your place at one of DCHFA’s bi-monthly “information sessions,” which take place online. There is a calendar on this web page. Or you can simply get in touch with one of these participating lenders.

You may also be in line for a Mortgage Credit Certificate (MCC). According to the DCHFA website, an MCC “offers qualified borrowers the opportunity to claim a federal tax credit of 20% of mortgage interest paid in each calendar year.”

Grants for DC First Time Home Buyers

DCHFA’s down payment assistance program can be used in conjunction with one of its mortgages. It offers an interest-free loan up to the total amount you need for your down payment.

It is a deferred installment loan, which means that you do not make monthly payments.

Instead, you repay the amount you borrowed in full (without interest) under the following circumstances: “30 years from the loan closing date; the sale or any transfer (by gift or otherwise) of the property to another person, company or entity; the property ceases to be your principal residence or refinances your first trust [main] mortgage.”

In addition to the DCHFA offering, the DC Department of Housing and Community Development (DHCD) has a Home Purchase Assistance Program (HPAP).

The DHCD states, “Eligible applicants may receive a maximum of $80,000 in gap funding assistance and an additional $4,000 in closing cost assistance.” The “spread” is the difference between your savings and down payment requirements.

The DHCD agreement is very similar to that offered by DCHFA. It’s a no-interest, no-monthly deferred loan that you repay when “the property is sold, refinanced to take equity, or is no longer [the borrower’s] Principal residence.”

If you are a first responder or an employee of the DC government (not the federal government), you should check out the district’s installment assistance specials.

Check Your Home Buying Eligibility at DC Start here (February 10, 2022)

Where to Find Help Buying a Home in DC

The two organizations we’ve listed above should provide advice freely to any first-time home buyer in Washington D.C.

The US Department of Housing and Urban Development (HUD) also provides a list of city-specific programs in the district. These are:

What are the current mortgage rates in DC?

Mortgage rates vary by borrower. Your own interest rate depends on factors such as your credit score, loan program, down payment, etc.

Compare mortgage quotes from at least three different lenders to make sure you’re getting the lowest rate and upfront fees possible.

Borrowers who do this often save thousands of dollars on their home loans.

And don’t forget to ask your lender for help with the down payment and closing costs. These programs could seriously reduce the barrier to buying your first home.

Show me today’s rates (February 10, 2022)

1 Source: Experian.com 2021 study of 2020 data

2Based on a review of available DPA grants from the state at the time of writing this article

The information contained on The Mortgage Reports website is provided for informational purposes only and does not constitute advertising for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent company or affiliates.

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The world’s first crypto mortgage? Homeowners insurers don’t hate it https://4wallsandaview.com/the-worlds-first-crypto-mortgage-homeowners-insurers-dont-hate-it/ Mon, 07 Feb 2022 00:33:30 +0000 https://4wallsandaview.com/the-worlds-first-crypto-mortgage-homeowners-insurers-dont-hate-it/ If homeowners insurance companies didn’t face enough problems this year, here’s another one to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance reps are cautiously optimistic about the idea, but a few wonder what a bitcoin mortgage might mean for policies and escrow accounts, especially if the currency loses value. “As […]]]>

If homeowners insurance companies didn’t face enough problems this year, here’s another one to think about: A Miami company is now offering cryptocurrency-based mortgages.

Some insurance reps are cautiously optimistic about the idea, but a few wonder what a bitcoin mortgage might mean for policies and escrow accounts, especially if the currency loses value.

“As long as it’s a legitimate mortgage and follows the mortgagor vs. mortgagor process, I don’t foresee us having an issue with insuring homes with crypto mortgages,” said David Howard, president. of Vyrd Insurance, a recently launched real estate insurance company in Florida.

He added, however, that because this is a new type of mortgage, more research is needed.

Milo, a fintech company with offices in Miami and directors based overseas, announced last week that it is now offering what appears to be the world’s first crypto mortgage. Customers will be able to pledge their Bitcoin assets and benefit from low-interest loans over 30 years – with no down payment, Milo said in a press release.

“The world is changing rapidly, with how consumers create and invest their $2 trillion in crypto wealth,” said Josip Rupena, CEO and Founder of Milo.

The company said it was an approved, audited and insured direct lender and was “capable of delivering on its commitment”. The press release did not address what could happen if the digital currency were to lose value, as Bitcoin and other cryptocurrencies do.

Company officials could not be reached for comment, but the statement said conventional mortgages have been tricky for crypto investors, due to tax obligations and fluctuations in value.

“There are countless stories of people buying property with the proceeds of bitcoin only to see it increase in value and be worth millions more,” Rupena said in the statement.

A property insurance group in Florida initially wondered how it would all work. But after checking with board members, the president of the Personal Insurance Federation of Florida said most insurers can live with crypto mortgages.

“We probably don’t care how a mortgage is paid – we only care about the insured value of the property, which won’t change due to crypto valuation changes,” said Michael Carlson.

Others accepted. Paul Handerhan, president of the Florida-based Federal Association for Insurance Reform, noted that the source of the home loan may not matter much to insurers.

“If it goes south, it probably won’t affect the insurance policy,” he said, adding that most policies are paid on an annual basis.

Additionally, Handerhan noted, crypto mortgages can open up ownership to more younger people who are more likely to invest in Bitcoin and other digital currencies, which could mean more policies put in place. .

It’s unclear how Milo would pay homeowners insurance companies from an escrow account — in bitcoin or conventional currency. But some insurers are warming up to the idea of ​​accepting premium payments via crypto. AXA Switzerland announced last year that it would allow non-life policyholders to pay with bitcoin, and Universal Fire and Casualty said it would accept crypto for certain types of commercial insurance, according to reports. Metromile, an auto insurer, also said it would accept digital currency for premiums and pay claims with it.

Cryptocurrency, a decentralized currency designed to be used on the internet, has grown in popularity since bitcoin first hit the scene in 2008. Since then, a number of digital currencies have emerged, and most have seen fluctuations in important and frequent values.

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How to Sell Your Home Yourself: FSBO Guide https://4wallsandaview.com/how-to-sell-your-home-yourself-fsbo-guide/ Fri, 04 Feb 2022 01:28:53 +0000 https://4wallsandaview.com/how-to-sell-your-home-yourself-fsbo-guide/ 6 Steps to Selling a Home by Owner If you’ve weighed the pros and cons and want to sell your home yourself, it’s time to think about the steps in the process. With this roadmap in mind, you’ll be ready to navigate the home selling process from start to finish – no agent needed! 1. […]]]>

6 Steps to Selling a Home by Owner

If you’ve weighed the pros and cons and want to sell your home yourself, it’s time to think about the steps in the process. With this roadmap in mind, you’ll be ready to navigate the home selling process from start to finish – no agent needed!

1. Determine market value

Before you can get the right price for your home, you need to know the market price. Improperly pricing your home can negatively impact its ability to sell. Your home may be worth more or less than you think, so it’s best to look at the data to find out what your home is really worth. market value. You can do this in several ways:

  • Request a competitive market analysis from an agent. This report uses data from comparable properties and known market trends to produce an estimate. This service is usually free and gives a fairly accurate quote. Also, you may like the agent and decide not to go through FSBO.

  • Get an assessment. As for a competitive market analysis, an evaluation creates a report from a licensed professional that reviews comparable properties. According to the law, the evaluations are carried out by neutral third parties. This means that your estimate will not be affected by bias and will be the true value of your home.

  • Make an educated guess. The process of determining a home’s market value is generally the same no matter who does it: look up comparable properties online, consider the home’s unique features, and produce an estimate. You can do this process yourself if you feel comfortable.

2. Prepare your house for sale

Once you know the basic market value of your home, you can start preparing your home for sale. In this part of the process, you will decide what modifications, updates, or cosmetic fixes you will make to make your home ready for the market.

Preparing your home for the market can be as big or as small an undertaking as you wish. Just make sure that whatever changes you make increase the value of your home. Renovating the basement might seem like a good investment, for example, but on average it only recoups about 70% of its cost.2

On the other hand, something as small as mowing the lawn or trimming bushes can increase curb appeal. Having curb appeal can increase your home’s value by up to 7%, so make sure your home’s exterior makes a great first impression on buyers!

3. Market your property ad

Now that your home is ready for the market, it’s time to spread the word. Marketing your home is one of the most important steps in the process of selling a home. After all, the more potential buyers who know about your home, the more likely you are to get the deal you’re looking for.

More than half of buyers find their home through the Internet, so creating online listings is a great first step. Advertise your home in as many online spaces as possible, such as:

  • The MLS Database
  • Social media platforms
  • Online classifieds
  • FSBO websites (jump link to FSBO website section below)

Although only real estate professionals can create MLS listings, there is a solution. You can pay participating brokers a flat fee to create an MLS listing for you. It’s probably worth it — many agents find homes to show buyers through the MLS service, and about a third of buyers find homes through an agent. Not creating an MLS listing for your home means you’ll likely miss out on a big chunk of the market.

When listing your home online, be sure to get great photos of your home. It may take extra time or money, but staging your home can lead to major benefits:

  • 80% of real estate agents said staging helped buyers imagine themselves in the home.4
  • 23% of agents said that scripted homes received 1-5% higher offers than unscripted homes.4
  • Split-level homes sell 33% to 50% faster than single-story homes.5
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California portfolio with LA Properties secures $223 million loan https://4wallsandaview.com/california-portfolio-with-la-properties-secures-223-million-loan/ Mon, 31 Jan 2022 08:10:16 +0000 https://4wallsandaview.com/california-portfolio-with-la-properties-secures-223-million-loan/ One of the properties financed is in Century City. A California portfolio including a number of properties in Los Angeles has received $223 million in permanent funding. The portfolio, held by a private investor, includes three multi-family properties with a total of 1,140 units; a single-tenant commercial building; a self-storage property with RV storage space; […]]]>

One of the properties financed is in Century City.

A California portfolio including a number of properties in Los Angeles has received $223 million in permanent funding.

The portfolio, held by a private investor, includes three multi-family properties with a total of 1,140 units; a single-tenant commercial building; a self-storage property with RV storage space; and two land leases.
Locally, a 1.64 acre Century City cooling plant with a ground lease was part of the deal.


The other land lease at issue was a property leased from Lowes Companies Inc. in Rancho Cucamonga.
In a land lease, different companies own the land and any improvements to the land or buildings on the land. This arrangement allows the landowner to get a monthly income without doing any work, as the company that leases the land is responsible for everything, including the property taxes. For the business that leases the land, a ground lease allows it to use desirable real estate.


The multifamily properties involved in the financing were the 892 Park Regency apartments in Walnut Creek; the 167-unit Concord Square Apartments in Reseda; and the 81-unit NMS Warner Center at Warner Center.


The Sand Canyon Self Storage Center in Santa Clarita was also part of the funding. The property has 792 storage units and 129 RV storage spaces.
A commercial building 100% leased to Gelson’s in Laguna Beach was also part of the financing.

George Mitsanas of San Francisco-based Gantry structured the loans, which were placed through four correspondents from Gantry’s life insurance company with the private investor. Correspondents of life insurance companies are lenders who contribute directly to the financing of loans.



“The current climate of long-term debt on existing assets remains extremely attractive for most types of commercial real estate assets,” Mitsanas, director of Gantry, said in a statement. “As advisor to the borrower and servicing agent to the lender, we pride ourselves on working to identify the best financing structures for all parties involved. In this case, we were able to place the loans for each unique asset type with the appropriate lender for that product, maximizing value for the borrower on valuation, rates, terms and operating cash flow. later.


Mitsanas added that he expects 2022 to be a “good year for recapitalization deals as commercial real estate investors continue to review portfolio holdings for relevant maturities.”

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Surrey County Council changes ‘reckless’ debt repayment strategy as value of property portfolio plummets https://4wallsandaview.com/surrey-county-council-changes-reckless-debt-repayment-strategy-as-value-of-property-portfolio-plummets/ Thu, 27 Jan 2022 15:57:30 +0000 https://4wallsandaview.com/surrey-county-council-changes-reckless-debt-repayment-strategy-as-value-of-property-portfolio-plummets/ SURREY County Council is changing its debt repayment strategy after auditors called it ‘reckless’. The council had not earmarked money from its budget to repay £233million in loans borrowed from the government for its commercial property investments across the country. He counted on the sale of the property if necessary. But it emerged the council’s […]]]>

SURREY County Council is changing its debt repayment strategy after auditors called it ‘reckless’.

The council had not earmarked money from its budget to repay £233million in loans borrowed from the government for its commercial property investments across the country.

He counted on the sale of the property if necessary. But it emerged the council’s wallet was worth almost a quarter less last year than it paid for.

Mark Hak-Sanders, Strategic Finance Business Partner, said: “Our strategy for 2021 did not include any minimum income provisions for these loans, so we have not set aside any funds to repay this debt.

“The logic behind this was that if we had to pay off a debt as a county, we would be able to realize capital income from the sale of these investment properties to provide the money we needed to pay off the loan. .”

When Grant Thornton checked this policy, they said that although it complied with the law, they considered it “reckless”.

Mr Hak-Sanders said: ‘I would say it was with some hindsight.

“We set the policy before Covid-19 had a ripple effect on investment property values, and effectively Grant Thornton was auditing that a year later with the benefit of another year of reduction in those values ​​of investment properties.

“Nevertheless, we understood their point of view and we accepted that politics could be more cautious.”

The County Council is to change its policy so that from 2022/23 a minimum amount will be deducted annually from their revenue account on all loans, including those made to its subsidiaries investing in property outside the county.

The government plans to make it a legal obligation from 2023.

The current year introduced a policy where it would only do so when a property’s market value was no longer sufficient to cover the outstanding loan, which Grant Thornton concluded was “no longer unwise, but optimistic”.

Councilor David Lewis, chair of the board’s audit and governance committee, said: ‘I think, hoping to speak on behalf of the committee, that we welcome the change to the strategy of providing minimum income. It is good to see that it has now been adopted.

At the end of March 2021, Surrey County Council’s Halsey Garton property portfolio was valued at £78m below cost.

Commercial properties owned by the council’s subsidiary, Halsey Garton Property Ltd, are now valued at £251.25million, a reduction of 24%.

The loss in value would be “largely due to pressures on the retail environment”, the portfolio comprising 37% of retail businesses.

The board will now set money aside each year to be able to repay the debt associated with these investments, aligning its policy with Grant Thornton’s guidance.

Mr Hak-Sanders said: “We need to look at the overall return and not just the return on capital – these properties, especially those showing a reduction in their capital value, are still making a significant contribution to the revenue budget and continue to do so as long as we hold them.

Anna D’Alessandro, corporate and commercial finance director, said the portfolio generates £8.5 million of net income for the council each year and stressed the loss was unrealised.

“Equity value only affects us if we choose to sell the asset, and we have no intention of doing so,” she said.

Mr Hak-Sanders added: “These investments are held for long-term return and although there may be fluctuations in the value of this portfolio, there is every reason to expect that it will recovers in the medium term.”

“Providing society with a return to previous patterns of behavior,” said Cllr Lewis.

“But I think what we are seeing as a result of the last two years is that life in the future is probably very different and that could have an impact in terms of demand for commercial real estate and retail. .

“It seems to me that we live in quite uncertain times. We have inflation rising quite rapidly to sort of 30-year highs and we don’t really know where we are with the pandemic. »

A separate Halsey Garton portfolio of 72 residences recorded a loss of £30,000 last year.

Strategic finance business partner Paul Forrester said this represented the company being in its early stage and only going to market for eight months and the outlook was positive.

Asked what they thought was the biggest risk to the board, Hak-Sanders said interest rates.

The council’s £1.95bn capital program requires it to borrow £1.3bn over the next five years.

Its level of borrowing as a proportion of what it spends is increasing – from around 2% this year to 6% in 2026/7.

Mr Hak-Sanders said this is similar to the 7% for comparable local authorities, adding that there is an interest rate reserve of £1.6m which could cover short-term rate increases .

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