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These Are Six of the Most Expensive Home Repairs
 When you become a homeowner, you’re taking on not just the cost of your mortgage and down payment, but you also have to budget for those expenses you might not expect. The repairs you may need to do to your home through your ownership can be nearly impossible to predict and often tough to avoid.
Some of these projects are major and have a big price tag, but preventative maintenance efforts can help reduce the risk you run into one of these issues.
1. Roof Repairs
Your roof is protecting everything else in your home, and if it needs repairs, it’s critical to be proactive about making sure they get done. The difficult part, along with the cost of
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MORTGAGE RATES
U.S. averages as of June 2023:
30 yr. fixed: 6.57%
15 yr. fixed: 5.97%
5/1 yr. adj: 5.99%
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cost of roof repairs, is first that it can be tough to realize there’s a problem until it grows into something much larger. The second issue is that storms often cause roof damage, and there’s
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Biggest vs. Smallest House in the Neighborhood
 Okay, let’s address the obvious first. The biggest house has more square footage than the smaller one. Duh. But that’s not what we’re going to talk about today. As it relates to appraised value is the message here.
When lenders assign value during a purchase transaction, they start with the sales contract. The sales contract should reflect the lowest the seller was to accept compared to the highest price the buyer will pay, all other things being considered. This conjunction works in a non-distressed transaction. A non-distressed transaction is one where the sellers aren’t motivated by the threat of a foreclosure or sudden family issues that might force a quick disposal of the property. What we’re talking about is a fair, open market where
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How Does Real Estate Crowdfunding Work?
 If you’d like to be involved in real estate investing, it’s a bit of a tricky time right now. Traditional methods of investing in real estate aren’t necessarily going to make a lot of financial sense during a time when interest rates are incredibly high and might even rise from here, inventory is low, there’s significant economic uncertainty, and prices are still elevated.
That doesn’t mean you have to count yourself out of real estate investing. Instead, you might just have to shift your strategy.
One option that people are increasingly considering is real estate crowdfunding, which makes investing in real estate more accessible.
You might already have some familiarity with the term crowdfunding, as it’s often used to raise money to create businesses or for charitable causes.
Now, however, you can become a real estate investor
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🔽 Featured Resort Listing: Wailea Point $17.5M
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FOR IMMEDIATE RELEASE
Hawaii Tourism Authority 5.30.23
Maui: There were 243,245 visitors to Maui in April 2023, compared to 254,398 visitors (-4.4%) in April 2022 and 247,984 visitors (-1.9%) in April 2019. Visitor spending was $544.8 million in April 2023, compared to $496.7 million in April 2022 (+9.7%) and $398.6 million (+36.7%) in April 2019. The average daily census on Maui was 61,735 visitors in April 2023, compared to 67,943 visitors (-9.1%) in April 2022 and 63,280 visitors (-2.4%) in April 2019.
In the first four months of 2023, there were 969,214 visitors to Maui, compared to 870,445 visitors (+11.3%) in the first four months of 2022 and 974,943 visitors (-0.6%) in the first four months of 2019. For the first four months of 2023, total visitor spending was $2.33 billion, compared to $1.78 billion (+30.7%) in the first four months of 2022 and $1.73 billion (+34.7%) in the first four months of 2019.
Continued >>>
Daily News and Advice
Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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