Amazing Property

‘First-Time Buyer’ Season 2 Out Now | Realtor Magazine Internet Explorer does not currently support REALTOR® Magazine search. IE users, please download Firefox, Chrome, or Edge. The second season of “First-Time Buyer,” which shows REALTORS® guiding their clients on their home buyer journey, is now available to stream on Hulu. The show is produced by the National Association of REALTORS®. The eight-episode season follows a different couple, family, or individual through the process of buying a home. “‘First-Time Buyer’ gives viewers a genuine inside look into the emotions our clients face as they go through the homebuying process,” says Leslie Rouda Smith, NAR’s president. “This series does a fantastic job of showing how REALTORS® help their clients navigate all the challenges that can pop up during a transaction to ensure a successful and secure first home purchase....

The perfect combination of a lush green lifestyle mixed with vibrant inner north culture is possible – you just need to know where to look.   Green spaces are vital for health and wellbeing and Melburnians experienced these benefits first hand during the pandemic lockdowns. Parks and gardens were more popular than ever for exercise, picnics and relaxation. It’s no wonder that buyers are placing access to green space at the top of their priorities list when looking for a new home. “Green spaces are increasingly important to buyers and they’re seriously considering that lifestyle element,” says Anne Flaherty, economist at realestate.com.au. “Plus, more people now have ‘COVID puppies’, adding to the necessity of being near parks.” Moonee Valley Park is a multi-year stage project from joint venture partners Hamton, Moonee Valley Racing Club and Hostplus. However, with cultural life back with a bang, buyers are also wanting to b...

At its most basic level financing a rental property is not much different than a primary residence as it relates to income, assets, credit and the like. Financing programs for rental properties will require more down payment and higher rates. Why? Because when someone finds themselves headed into some degree of financial stress, the last thing they want to give up is their primary residence.  When push comes to shove, the rental properties will be off-loaded first, securing the primary residence as a place to live. Financing the first requires more documentation, but after that, financing a second and third rental is easy-peasy in comparison. With an initial rental, buyers must be able to comfortably afford the new purchase along with their current mortgage. Lenders use the mortgage payment on the new property which includes principal and interest, taxes and insurance in addition to what they’re currently paying on their current home. That might sound a bit unfair ...

• ‘We cannot enforce monthly rent collection on landlords’ As debate rages over monthly rent payment, Lagos authorities have explained that it committed N5 billion into the monthly house rent scheme to ease the burden of yearly payment on residents. The state government said the initiative is part of the resilience policy of the current administration, which was agreed after a rental survey that found out that 88 per cent of tenants would rather pay their rent monthly. “We had to pursue this by working with different relevant stakeholders and we now have a model that will work and enable Lagosians pay their rent monthly. Landlords have nothing to lose because they will continue to receive their rent yearly and their default risk is zero,” according to the Commissioner for Finance, Dr. Rabiu Olowo. Olowo disclosed this at the closing ceremony of the second edition of Lagos Real Estate Market Place Conference and Exhibition which held at the Expo Hall, Eko H...

The Lagos State Government has increased the stock of decent homes, with the delivery of 480 homes in Ibeshe Road, Igbogbo – Baiyeku LCDA of Ikorodu. Officials said the scheme would reduce the housing deficit and provide conducive environments for family and communal living in all parts of the state. The LagosHoms Ibeshe scheme is a product of the Ministry of Housing and supervised by the Lagos State Development and Property Corporation (LSDPC). “The teamwork resulted in an architectural showpiece of modern homes delivered in a beautiful, serene and well-planned environment, according to the Managing Director, LSDPC, Ayodeji Joseph. The scheme sits on a land area of 15 hectares and consists of 40 blocks (480 homes) of one, two, and three bedrooms apartments. The units come with a fully fitted kitchen, store and a guest’s toilet. The estate has ample car parks, a water treatment plant, overhead water tanks, a borehole, a pump house, a central sewage system, seven trans...

Mortgage Rates Remain Stable—For Now | Realtor Magazine Internet Explorer does not currently support REALTOR® Magazine search. IE users, please download Firefox, Chrome, or Edge. Mortgage rates held steady this week as the world awaits more information about the severity of the omicron variant of COVID-19 and ongoing supply chain issues. The 30-year fixed-rate mortgage averaged 3.11%, Freddie Mac reports. “Mortgage rates continue to remain stable notwithstanding volatility in the financial markets,” says Sam Khater, Freddie Mac’s chief economist. “The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty. This low mortgage rate environment offers favorable conditions for refinancing.” Freddie Mac reports the following national averages with mortgage rates for the week ending Dec. 2: 30-year fixed-rate mortga...

Most of us would love to make a seachange but moving to the coast often comes with a hefty price tag, right? Well, not necessarily. There are still a number of beachside locales where folks can move to the coast for less than $650,000. Looking at data from realestate.com.au , we’ve dug out some beachside suburbs with a median house price under $650k*. The Busselton region, WA Western Australia is known for its picturesque aqua coastline and the Busselton region is no exception. This three-bedroom home in Geographe is one street back from the beach and only $430k. Picture: realestate.com.au/buy Several areas in the region have a median house price under $650k, including: West Busselton ($475,000) Busselton ($490,000) Geographe ($500,000) Broadwater ($515,000) Abbey ($600,000) Busselton and its surrounds have a few cultural perks, including decent bars, restaurants, cafes and galleries. Most importantly, the region is accessible by plane (it has an airport) and you’re a stone...