You’ve found the ideal house, and the seller accepted your offer. You’re giddy with excitement and want to move in – tomorrow. Not so fast; the escrow process is about to keep you from walking over that threshold, at least for a month or two. When your house is in escrow, there are a number of documents to record and…
First of all, what is the ROI? ROI refers to Return on Investment. This ratio is used to measure the gain or losses generated relative to the amount invested. ROI is shown as a percentage. So now that we understand the term, let’s take a look at the calculation itself as it is a very simple one. (Current Value-Cost) /…
Today I wanted to talk about distressed properties and some tips on navigating the buying process. A distressed property is simply any property that is being sold under foreclosure. These properties are usually sold by the bank below market value as an incentive to get them off of their liability column. While the trend of foreclosures has tracked down over…
Investing in property can be a very complicated process with a lot of moving pieces. To add, there will be deadlines for multiple stages and each, if missed, could derail the whole process. It is best to have a general understanding of the process and steps involved and that is what today’s post is all about. Here we will explore…
According to the 2018 Distressed Communities Index, distressed communities have the largest number of housing vacancies in the country. In addition, distressed areas are also falling behind economically with a loss of over 13,000 businesses. As the nation continues to rebound from the downturns of 2008 and beyond, steps were put in place to return residents and businesses back into…
Parcel Revenue Corporation and its Highland Heights, Ohio based subsidiary, ProReo™, launched the highly anticipated Title/Escrow Load Balancing Platform last month and the platform is already receiving rave reviews from some of Northeast Ohio’s top real estate agents. “What this program is doing for the inner city and zombie homes is absolutely amazing,” said Jelena Krilova, a real estate agent…
When getting into real estate, you will find there is a learning curve and beyond that a language barrier. While we are both speaking English or any other language, I am more referring to the jargon that you will see and discuss as your work through the buying process of a property. Here are some of the top terms and…
In 1950 roughly 30% of the world’s population lived in Urban areas. Currently, that number sits at 54%. By 2050, that number will be at 66% and growing. These numbers are similar in the United States and represent an ideal that people are willing to pay more, live in less, and deal with more, to reside in an urban area. …
As Urban Real Estate Investing is on the rise, there are a lot of factors in determining why this growth is happening. Investors have become savvier on the neighborhoods themselves, the demographics, their prospects, and how these all come together but the real push has been from the cities themselves and who they are trying to attract. Here are 5…