Not All Real Estate Is Affected By Economy

      

 Hi Prospects & Friends!

When macroeconomics take place in the economy, these factors don't affect the real estate all in the same way. For example if you bought some land before the developers and builders discovered it, and this land was already underpriced, the macroeconomics won't affect your situation when sell, because of the developers and builders discovering after you, since their discovery will drive up the prices no matter if the macroeconomics are good or bad, if the land is scarce elsewhere, but yours isn't. Understanding the economy as a wider prospective, than just your market can deliver some triple plus returns if you apply macroeconomics to your real estate endeavors. In conclusion our economy is not showing consistent positive macroeconomic factors, but as long as you;

• Understand your property beyond your market by applying macroeconomic factors as a broader prospective 
• Analyzing the economy as a broader whole than just your local economy 
• Realizing key factors from what the president says on bad market trigger days 

You will be able to continue on with your real estate endeavors and not get affected much by any of those issues. 

 

Property Taxes

 

 Hi Prospects & Friends!

Property taxes come with every residential and commercial property some examples are;

• Homes
• Condos
• Apartments
• Land
• Shopping Centers
• Malls
• Banks
• Stores
• Offices
• Restaurants 
• Townhomes 
• Mobile Home Parks
• Mini Warehouses
• Storage Facilities 
• Schools
• Colleges

The examples listed above, are some of the residential and commercial properties that have property taxes. Their are cases where these same properties listed above might have property tax exemptions to pay no property taxes, whether be for government purposes or charity purposes,  but either way majority of the population does pay property taxes. 

Does Inflation Effect Real Estate?

 Hi Prospects & Friends!

Inflation can effect real estate, in different ways. Some ways maybe;

• Higher interest rates on the mortgages, for the real estate bought, whether residential or commercial.
• The DOM "days on market" number climbing higher, causing the real estate to sit longer on the market.
• Remodeling costs costing more for renovating the real estate.
• Demand slowing down from the buyers, buying the real estate, because of the higher interest rates, the expensive renovation costs, and the DOM.

The examples listed above, are some inflation factors that can affect the real estate. Best thing to do when wanting to buy real estate when inflation is high, is do your due diligence by researching what maybe causing the property you're trying to buy to get affected, and then proceed with whether it's worth it to continue forward with your search for buying the real estate, or the sell of your home. 

Repair Fees

  

 

Hi Prospects & Friends!

If you're renting a place from your landlord, make sure you understand, and are fully aware of the repair fees specified in your lease agreement. Doing this task before you sign the lease, helps you understand your responsibility from costly repair fees you will be responsible for from your neglect, as well as from damage caused by you, with the rental property you are renting. The lease you sign will specify the repair responsibilities from the landlord, as well as the repair responsibilities from the tenant. Every landlord and property manager have different repair specifications specified in their leases, so make sure you understand them, and your responsibilities to any neglect as well as damage caused by you.