Have a wonderful and Safe Happy 4th of July!
Sincerely,
Mr. G
Business
Foreclosures are on the Rise
Though the amount of foreclosures are not as high as years before, there has been an uptake in the amounts as banks ease their moratorium on mortgages.
However, if we do head to a recession, there will be most likely an increase in foreclosed homes. Click on link below to read more.
Sell Your House Before the Holidays
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait?
If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays.
1. Get One Step Ahead of Other Sellers
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and deprioritize selling their house until the start of the new year when their schedules and social calendars calm down.
Selling now, while other homeowners may hold off until after the holidays, can help your house stand out. Start the process with a real estate professional today so you can get your house on the market and get ahead of your competition.
2. Get in Front of Serious Buyers This Season
Even though housing supply has increased this year as buyer demand has moderated, it’s still low overall. That means there aren’t enough homes on the market today, especially as the millennial generation reaches their peak homebuying years. As Mark Fleming, Chief Economist at First American, says:
“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”
Serious buyers will still be looking this winter and your house may be exactly what they’re searching for. If you work with an agent to list your house now, you’ll be able to get in front of the eager buyers who are hoping to make a move before the year ends.
3. Seize a Great Chance To Move Up
Don’t forget, today’s homeowners have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to almost $300,000. That’s an all-time high. That means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams.
And as you weigh the reasons to sell before winter, don’t lose sight of why you’re thinking about moving in the first place. Maybe it’s time to buy a house that’s in a better location for you, has the space you and your loved ones have been craving, or simply gives you that sense of home. A trusted real estate advisor can help you determine how much home equity you have and how you can use it to achieve your goal of making a move.
Bottom Line
If you’re thinking about selling your house so you can find a home that better suits your needs, don’t delay your plans. Let’s connect so you can accomplish your goals before winter.
How to Manage Owning Multiple Businesses and Homes in Different States
(Article submitted by Charlotte Meier, website http://homesafetyhub.org/)
Opening a location in a new state is great news for your business as it signifies that things are on the up. But, managing multiple businesses can be a tough task, especially for first-timers as each location will have its own set of rules and requirements. For example, if your business is currently registered as an LLC in Arizona, but you plan to open a new location in Nevada, you will need to register the new business under a foreign qualification. In this article, we’ll explore the best ways business owners can manage the semantics of running businesses and owning homes in multiple states.
Hire a Registered Agent
As reported by SCORE, while business owners can serve as their own registered agents, when managing a business location in a new state, it’s best to hire an individual or a company to act as an agent on your behalf.
A registered agent will undertake various important responsibilities such as:
- Being the point of contact to receive legal documents, official notices, and more on your behalf.
- Helping you stay on top of reporting requirements such as tax filings and sharing annual reports.
- Providing advice on remaining compliant with local and state level regulations
Make Regular Visits
When managing multiple locations, create a schedule to ensure you dedicate ample time based on requirements. During your visits pay close attention to staff behavior, upkeep of the property, financials, and conduct meetings with the manager(s) to ensure that performance is on par with set goals.
Use Technology Solutions
Project management tools and accounting software are two of the many cost-effective technology solutions you can use to manage multiple businesses with ease. Whether it be creating new business plans, managing finances, or tracking performance, using these tools you’ll be able to maintain a balance between both businesses to ensure each gets the attention it deserves.
Additionally, it can reduce the need for switching between locations more often than you should. Allowing you to spend greater time with your family than on the road.
Invest in Home Security
Frequently traveling for work will mean you won’t be home for long periods. Hence, it is important to invest in good home security solutions to keep your family safe, especially if you’ve just moved into a home in a new state. Here are the best options to consider:
- Install a doorbell camera that you can monitor remotely and record everyone who visits your home.
- Add security cameras and good lighting around the perimeter to deter thieves and protect the property 24/7.
Before purchasing any of these items, take the time to research them online and read customer reviews to shortlist the best brands which sell quality products at a fair price.
Best Locations to Consider
Along with set-up costs, you’ll need to consider the cost of living in the new location as it will have an impact on everyday decisions and the quality of life of your family. Cost of living is calculated as an index, with 100 being the national average, here are the top five locations to consider:
- Arizona: Utilities in this state are lower than the national average (99.1) with grocery, transportation, and healthcare costs being affordable as well.
- Nevada: This state is comparatively cheaper in utilities (91.6) and has no personal or corporate income tax.
- Texas: Another state which has no income taxes and boasts of an affordable overall index of 92.1 which makes it easy to manage business and personal expenses.
- Mississippi: With an index of 83.1, this state currently has the lowest cost of living across all factors (e.g., housing, groceries, transportation).
- California: This state has one of the highest indexes at 139.8, but you can find deals if you do a little research. For example, you can find small-sized storage units for as cheap as $52 per month in L.A. (click to find storage units in Los Angeles).
- North Carolina: As reported by CNBC, this state is one of the best locations to start a business. Additionally, residents reap the advantage of below-average housing, groceries, and utility costs.
When it comes to managing multi-state businesses and living arrangements it’s best to take help from professionals such as registered agents, technology solutions and choose locations with affordable costs of business-related amenities such as utilities and storage.