Real Estate | Paces Funding

6 12, 2021

What is a Distressed Property?

YSNM Support2021-12-21T05:25:26-05:00December 6th, 2021|Categories: Foreclosures, Real Estate|Tags: distressed properties, Foreclosures, Property|

If you’re like many people, you know one of the hardest aspects of real estate investing is finding distressed properties that are actually a good fit for you – but if you’re new to real estate investing, you may not know what a distressed property is. So what is a distressed property, and why would you want one? This guide explains. What is a Distressed Property? A distressed property is a property – typically a single-family home, duplex, triplex, fourplex or other multi-unit property when it comes to real estate investing – that the current owner can’t or won’t maintain.

1 12, 2021

3 Design Choices That Could Make Your Flip Harder to Clean for Buyers

YSNM Support2021-11-30T19:22:45-05:00December 1st, 2021|Categories: Real Estate, Selling, Tips|Tags: 3 Design Choices That Could Make Your Flip Harder to Clean for Buyers, Buyers, Flip, Flipping a House, Property, Selling|

You want your flip property to be as appealing as possible to buyers, so making the right design decisions is key. Certain choices, however, could make your flip more difficult for potential buyers to keep clean. Here are some of them. Overmount Farmhouse Sinks The modern farmhouse home style has enduring popularity, and farmhouse sinks are a feature that has transcended this style and found its way into many modern kitchen designs. While an undermount farmhouse sink sits beneath a countertop, an overmount one sits on top of the counter and the raised lip of the sink can cause soap scum

27 11, 2021

What Is a Tax Sale Property?

YSNM Support2021-11-14T00:46:02-05:00November 27th, 2021|Categories: Real Estate, Selling, Taxes|Tags: Income From Tax Sale Properties, Tax Lien Sale, Tax Sale Property|

Usually when you’re looking to purchase a house you don’t want one that has a tax lien, but such a home can be purchased through a tax sale. So how do tax sales work? There are two kinds of tax sale homes: a tax lien sale home and a tax deed sale home. Each involves homes that have unpaid property taxes. During a tax lien sale a lien is auctioned off to the highest bidder. That bidder then has the right to collect the lien, as well as interest, from the homeowner. If the homeowner can’t pay the lien the

11 11, 2021

Accessory Dwelling Units

YSNM Support2021-10-27T22:28:18-04:00November 11th, 2021|Categories: Home Improvements, Real Estate|Tags: ADU, Must be Owner Occupied|

When you purchase a flip you may have space on your lot to build an ADU to make the property even more appealing to potential buyers. What exactly is an ADU, you may wonder? An ADU is a dwelling unit that's separate from the main home and is located on the same lot (this includes garage apartments). It can provide independent living for up to two adults. An ADU can also be located within the main home, as long as it is a separate unit. There are certain conditions that your ADU must meet in order to be approved by

27 10, 2021

Tennessee Home Prices Continue to Soar

YSNM Support2021-10-27T22:00:39-04:00October 27th, 2021|Categories: Real Estate, Realtors, Tennessee|Tags: Rising Prices, Tennessee|

An article published in the Tennessean early this month discussed the sustained momentum of Tennessee’s hot housing market. Below we've summarized some highlights, and taken a look at Nashville’s housing market. In the first two quarters of 2021 increases in home values in Tennessee set consecutive records not only in the state, but across the nation. According to CoreLogic, a provider of housing market data and analytics, the average price of a house in the state soared 21 percent in July since the same time last year. The increase, the likes of which economists at CoreLogic say they haven't seen

22 10, 2021

7 Key Things to Know About the Current Housing Market

YSNM Support2021-10-10T21:09:14-04:00October 22nd, 2021|Categories: Investment, New Homes, Real Estate, Realtors, Selling|Tags: 7 Key Things to Know About the Current Housing Market, Cash, Homebuyers, Investors, Market, real estate, Sellers|

It's still stiff competition for homebuyers across the country as bidding wars and all-cash offers continue to price-out many in search of a new residence. In an article on current housing market conditions published by Bloomberg in late September, we found seven key takeaways and summarized them for you here. Key Takeaways Mortgage borrowers who can offer large down payments, telecommuters who can live and work from anywhere in the country, and all-cash offers from real estate investors have created the perfect storm for bidding wars—pricing-out many house hunters, and keeping renters from becoming owners. According to economists at Realtor.com,

11 10, 2021

Before Your Next Renovation Be Sure to Avoid These 3 Mistakes

YSNM Support2021-09-23T06:31:44-04:00October 11th, 2021|Categories: Flipping, Investing, Real Estate, Tips|Tags: Flipping Home Mistakes, Holidays, Planing a Budget, Pre-laying Tile, Renovations|

For house flippers each renovation project presents a different set of experiences and challenges, and even flippers who have several projects under their belts can make mistakes that result in major setbacks. Read carefully so you can avoid some of these pitfalls. Not Planning a Budget When setting your budget, if you rely on using estimations and ballpark figures you’re very likely to spend lots more than if you took time to plan out a more specific budget for each portion of your flip. Having a detailed budget can help you reallocate funds in case you want to spend a little

1 10, 2021

3 Things to Remember When Renovating a Historic Home

YSNM Support2021-09-19T00:52:47-04:00October 1st, 2021|Categories: Home Improvements, How To, Real Estate, Remodeling Tips, Tips|Tags: Do Your Research, Historic Home, Perform the Necessary Updates, Preserve Important Details, Renovating a Historic Home, Renovations, Tips|

If you’re renovating a historic home you probably won’t approach the process in the same way you would a newer property, especially if you want to appeal to buyers who are looking for homes that are true to their era. So remember these three things when renovating a historic home. Do Your Research In order to stay true to the spirit of your historic home it’s best to get an understanding of the era, style, and characteristics that define it. So take inventory of your property’s history, features, and details so you can make decisions about how to best maintain

27 09, 2021

The Top 10 Hottest Housing Zip Codes This Year, According to Realtor.com — Part 3

YSNM Support2021-09-15T08:03:37-04:00September 27th, 2021|Categories: Real Estate|Tags: Colorado, East Colorado Springs, Massachusetts (Boston), New York (Rochester), Peabody, Top 10 Hottest Housing Zip Codes, West Irondequoit|

In our final installment of Realtor.com’s annual list of the top 10 hottest housing zip codes across the country, we complete our countdown to the No. 1 suburb where millennial homebuyers are flocking to get more space for their money. #3. Peabody, Massachusetts (Boston) Peabody, ZIP code 01960, is part of Massachusetts’ North Shore and is located 20 miles northeast of the city of Boston. Properties in Peabody are more affordable than in Boston, and the locale boasts easy access to vacation spots along the New England coast. The median listing price in Peabody is 11 percent lower than the

22 09, 2021

The Top 10 Hottest Housing Zip Codes This Year, According to Realtor.com — Part 2

YSNM Support2021-09-15T07:58:49-04:00September 22nd, 2021|Categories: Real Estate|Tags: Brentwood, Lincoln Village, Manchester Proper, New Hampshire (Manchester), North Carolina (Raleigh), Ohio (Columbus), Top 10 Hottest Housing Zip Codes|

In our second segment of Realtor.com’s annual list of the top 10 hottest housing zip codes across the country, we continue our countdown to the No. 1 suburb where homebuyers are flocking to get more bang for their buck. Two states that we service made this list. #6. Lincoln Village, Ohio (Columbus) Lincoln Village, ZIP code 43228, is just 10 minutes from downtown Columbus, and offers a hip combination of suburban and city life. Whether a prospective homebuyer is looking to grow into a larger home, or downsize, the area offers plenty of affordable housing. Columbus has lots of state and

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