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International Houses

Beware Of Foreign Exchange Fluctuations When Buying A U.S. Home

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To say that the global COVID-19 pandemic wreaked havoc worldwide would be an understatement. Even, the world’s largest and most powerful economy, the United States, suffered a significant impact from the shutdown related to the disease. The impact is being felt across all sectors, especially housing — an industry that was booming just months prior.

But foreign buyers with cash to spend should be able to find their dream home in any major city. As fans of HGTV’s “House Hunter’s International” know house hunting is no longer limited to one’s own country, today people often buy second homes in countries other than their own. One factor rarely discussed on TV shows however is the impact of different currencies on the cross-border buying process. If you earn money in one country and buy in a different country the currency exchange rate can have a big impact on the cost that you see. For instance, if you see that the housing prices in another country have fallen 30% in the local currency but the currency has appreciated 30% against your currency the price in your currency might be roughly the same. For more information, you can read this Forex FAQ to understand some of the risks involved in transacting with a different currency.

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Buying a Home

How to Combat Rising Housing Costs as a Prospective Homeowner

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Housing costs are on the rise across the country and many would-be buyers are feeling lost when it comes to the property game. If you are looking to buy a home, it’s important find ways to make your money work for you rather than negotiating with an empty hand. Below are a few tips that can help make buying a house more affordable.

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Real Estate Expectation vs. Reality

How Real Estate Helps You Leapfrog To Wealth

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Real estate investment. It seems you can’t turn on a weekend television program and not hear how yet another person has amassed untold wealth through real estate. HGTV reality shows make it all seem so easy, right? But what’s the real deal on this often-talked-about form of investment? Once we finally pay off our student loans we seriously begin looking for ways to better manage our monetary finances. This is when talk starts to focus on likely investments that would make this a reality. Enter real estate.

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Selling Luxury Real Estate

5 Facts that Demystify Selling a Large Home

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Larger homes not only have a limited market due to cost, but each tends to be unique in its own way. They can stay on the market longer because they need just the right buyer. Many luxury home sellers tend to get impatient and let their property go for much less than its true value. Here are some facts to keep in mind when it’s time to sell your larger home.

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Calculate Rental Property Numbers

Is Rental Property a Good Option for Earning Extra Dough?

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The thought of being able to make money while you sleep is something we’d all like to be able to do. We’ve all heard the fantasy stories of making a million dollars from home. And historically, one of the most common forms of passive income is real estate. And shows on HGTV lead us to believe that it is also one of the easiest to attain. Whether doing a quick flip or having rental property, real estate seems to be the way to go.

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How Much House Can You Afford?

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Buying your first house can be an exciting time. It can also be a nightmare trying to get the right amount budgeted for it. Most people sidestep the question by simply going to a bank and asking how much they qualify to borrow.  Unfortunately this is a very common mistake.  Banks are not financial planners they are in the business of lending money, they know nothing about your lifestyle so they simply sue some basic rules to determine how much they will loan you. They do take into consideration your other obligations but they will often offer you more than you would be wise to borrow. This can lead to serious debt issues if unexpected expenses arise.

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Most Expensive places to own a home

5 Caveats When Buying Your First Home

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Buying a home is probably the largest purchase of your entire lifetime and one single mistake can easily cost you tens of thousands of dollars. The word Caveat means “Let him beware” in Latin and it is important to remember these Caveats when buying your first home.

If you are in the market for your first home, you’re probably excited about the prospect of no long living with relatives or no longer making your landlord rich by paying his mortage. However, there are many other issues that you should consider when selecting a property. For instance, you want to make sure that the house is in a nice area close to things that you like or need. What else should you be looking out for?

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3 Factors To Consider When Calculating Your Home’s Value

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When it comes time to sell your home, you will need to know how much to list it for. However, if you list it at the wrong price point, you risk either getting too little for the house or not getting any offers at all. Many people like to keep track of their home’s value even if they aren’t ready to sell.  Knowing your home’s value and subtracting how much you still owe you can tell you one factor in your “net worth” i.e. how much you own minus how much you owe. What can you do to accurately gauge the value of your property?

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