Law Offices of Fred Peet
Fred Peet
April 2021
Real
The Law Offices of Fred Peet Representing buyers and sellers throughout Vermont


Simple Ways to Start Investing in Real Estate in 2021
Maybe you’ve decided 2021 is the year you start working toward your financial goals and building wealth. Investing in real estate is decidedly one of the best ways to build wealth, but getting started is intimidating. Too often, people count themselves out of investing in real estate because they don’t think they have enough money to get started. The following are key things to know even if you don’t have a big initial investment.
      Buy REITs To invest in real estate, you don’t always have to buy property. There is something called a real estate investment trust or REIT. A REIT lets you invest in real estate, but you don’t have physical property. They’re a bit like mutual
Mortgage Rates
U.S. averages as of April 2021:


30 yr. fixed: 3.17%
15 yr. fixed: 2.45%
5/1 yr. adj: 2.84%






mutual funds, except with commercial real estate.
      For example, the company that makes up the REIT will own retail spaces or

New vs. Existing Homes: Which Should You Buy?
     If you’re considering the purchase of a home, you have one big decision to make as you get started, to narrow down your search. You have to decide whether you’ll buy a new home or an existing property. There are pros and cons to each, and you have to weigh them carefully during the decision-making process.
      It used to be at one point that buying a new house was almost always going to be more expensive than an older house. Buying materials for new construction is less expensive now than in the past, so price alone isn’t necessarily a determinant or at least the primary determinant for many people.
      What Are the Upsides of Buying an Older House? Some of the benefits of buying an existing, older home might



6 Ways to Win a Bidding War
     You’ve fallen in love with a house, and you put in an offer—only to discover that you aren’t the only one to feel that way. A lot of markets around the country right now are experiencing high demand and low inventory, meaning bidding wars are common.
      A bidding war just means that a seller receives multiple offers within the same short window of time.
      It’s great from a seller’s perspective. They can wait around and see how much buyers are willing to sweeten the deal.
      It’s tough for a buyer. It means you’re probably going to pay more than you thought, and it’s stressful to be in limbo.
      The following are 6 tips to keep in mind to win a bidding war if you find yourself in that position.
      Get Pre-Approved by Your Lender One of the first things you should do if you’re going to be looking for

The Law Offices of Fred Peet

55 Patchen Road
South Burlington, VT 05403
802-860-4767
800-683-3903 (toll free)
802-860-2822 (fax)
fpeet@peetlaw.com





Meet Our Real Estate Law Team

  Attorneys:
     Fred V. Peet
     Richard C. Maxson
     Christopher M. Perra
     Kevin J. Shortell
     Paula LeBlanc
     William Flender
     Eric Derry

Paralegals/Legal Assistants:
     Doreen Guthrie
     Sherry Morin Barton
     Amy Benway
     David MacPeek
     Shawn A. Nelson
     Karen Eddy
     Elise Martin
     Marcy Brigham
     Joe Tomlinson
     Sheri Slack
     Linnea Oosterman

Closing Coordinators:
     Katy Baker    
     Laura Martin



  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.
More Articles
March Real Estate Roundup
Everything You Should Know About Property Taxes
Reasons to Refinance You May Not Know About
APR Explained
The Best Ways to Save Money on a Bathroom Remodel


Fred Peet
E-mail: fpeet@peetlaw.com
Website: http://www.peetlaw.com
802-860-4767 (phone)
800-683-3903 (toll free)
802-860-2822 (fax)
Law Office of Fred Peet
(802) 860-4767
55 Patchen Road South
Burlington, VT 05403


Equal Housing Opportunity

unsubscribe
 
E-mail this Newsletter to a friend