News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
In the late-90’s and early-2000’s, the economy was rocking, the internet was booming, and money was flowing. As a new generation of homebuyers began accumulating wealth, a trend emerged and people started buying and building “McMansions” – larger than average homes with more square footage than the average family really needs. Right around 2009 to
Ask almost any successful person about the quickest, most efficient ways to build wealth and they’ll point you to real estate. Chances are, you know this and have thought about investing in real estate in the past – but something is holding you back.
Unfortunately, the human mind is not a perfect instrument for making decisions. Our brains are hard-wired with cognitive biases that affect the rationality of our decisions, whether we like it or not. Learning to overcome these biases is not as simple as flipping a switch.
House flipping is something every real estate investor has thought about trying at one point or another. It offers a chance for huge returns over a short period of time, but it can also prove to be costly if you don’t know what you’re doing when doing a house flip. In addition to picking the
As a seller, you’re obviously inclined to accept the highest-priced offer you can. In a competitive seller’s market, you might receive lots of offers at once, with some of them going well over your initial asking price. Even in a buyer’s market, with plenty of inventory to choose from, you may be forced to consider
A lot of people have an unrealistic view of what the home buying process looks like – particularly if it’s their first time buying a home, or they have a past experience in which everything went swimmingly.