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Category: Real Estate

Federal Eviction Ban Provides Temporary Relief for Tenants, But Satisfies No One

Federal Eviction Ban Provides Temporary Relief for Tenants, But Satisfies No One

The Centers for Disease Control and Prevention (CDC) issued a nation-wide order that bans evictions of tenants who can’t pay their rent due to the coronavirus pandemic. As of September 1, 2020 and until the end of this year, landlords may not initiate or complete evictions based on rent nonpayment, as long as the tenant qualifies for relief under the CDC’s order. To qualify, tenants must meet each of these requirements: They’ve used their best efforts to obtain government assistance…

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COVID-19 Turning Spring Open House Season Into Spring “Closed House” Season

COVID-19 Turning Spring Open House Season Into Spring “Closed House” Season

Although real estate agents have long questioned whether open houses really work to sell houses, they are an established, widely loved tradition. And spring is when the most sellers put their houses on the market. Why not, with flowers blooming and people enjoying being out and about? Unfortunately, we are not in normal circumstances. The coronavirus or COVID pandemic has put many regions of the U.S. on virtual lockdown, with people allowed to leave their homes only for essential or…

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Class-Action Lawsuit Putting Pressure on Realtors to Lower Commissions

Class-Action Lawsuit Putting Pressure on Realtors to Lower Commissions

A real estate commission of around 5% to 6% has been the standard for so long that almost no one thinks about it anymore—until, that is, one is selling a home. Then, the joy of realizing that one’s home has appreciated in value and will sell at a tidy profit is often tempered by the realization that, “Hey, my agent is going to earn a heap of money, only because the real estate market is hot!” So it’s interesting news…

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More Than Half of Millennials Want to Buy a Home

More Than Half of Millennials Want to Buy a Home

The idea that real estate is a solid long-term investment is not a new one. And despite a major dip in the real estate market about ten years back, the market has recently picked up enough that many prospective home buyers have forgotten that it can go anywhere but up, up, up, in value. But here’s a factoid that seems less tied to tradition:  Wanting to buy a home not only to live in (preferably shielded by the rest of…

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Word Isn’t Getting Out About Low Down Payment Loan Possibilities!

Word Isn’t Getting Out About Low Down Payment Loan Possibilities!

When Nolo published the latest edition of its Essential Guide to Buying Your First Home in 2017,  one theme stood out among our participating experts: the satisfaction that came from helping would-be buyers who didn’t think they could afford a house purchase, by guiding them toward loan options that don’t require the traditional 20% down. For instance, Sydney Andrews of Loanenvy.com said it’s, “a good feeling when a first-time homebuyer comes in, nervous, thinking they might not really be able…

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