Jim Potts

Synergy One Lending

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4 Surprising Things That Might Increase Your Home’s Value

May 29, 2020 by Jim Potts

You've probably heard that living near excellent schools or having curb appeal can boost the value of your home. However, a home's value is dependent upon a lot of different factors. Some of these things are more obvious than others. Things that might seem insignificant can have an impact on your home's worth. Here are some surprising things that can affect the existing value of your home or how much a buyer is willing to pay for it.

Filed Under: Mortagage Tips Tagged With: Home Improvement, Market Trends, Mortgage

What Is Pooled-Funds Investing?

May 7, 2020 by Jim Potts

Under the Jumpstart Our Business Startups (JOBS) Act, which was signed into law by President Obama on April 5, 2012, the Securities Exchange Commission (SEC) relaxed the rules about advertising investments. This allowed the trend of crowdfunding to expand dramatically giving real estate investors more opportunities for pooled-funds investing.

Filed Under: Real Estate Tagged With: Financing Options, Market Trends, Real Estate

What Is House Hacking?

May 1, 2020 by Jim Potts

Some clever millennials are teaching the older boomers a new way to invest in real estate, which goes by the name of "house hacking."

Filed Under: Real Estate Tagged With: Market Trends, Multigenerational Living, Real Estate

Case-Shiller: February Home Prices Gained Before Coronavirus Outbreak

April 30, 2020 by Jim Potts

Home prices continued to grow in February according to the Case-Shiller Home Price Indices. National home prices grew at a seasonally-adjusted annual pace of 4.20 percent as compared to national home price growth of 3.90 percent in January. Case-Shiller's 20-City Home Price Index showed higher home price growth rates in February with average annual home price growth of 3.50 percent. January home prices grew by 3.10 percent for cities included in the 20-City Index.

Filed Under: Market Outlook Tagged With: Case Shiller, Market Conditions, Market Trends

The ‘Golden Girls’ Strategy? Elderly Adults Share Home Ownership

April 28, 2020 by Jim Potts

The "Golden Girls" trend got its name from the popular television sitcom about four elderly women who live together to share expenses. It is becoming a popular way in real life for elderly adults to share homeownership and it has many benefits.

Filed Under: Real Estate Tagged With: Market Outlook, Market Trends, Real Estate

Disruptive Technology And The Real Estate Market

April 22, 2020 by Jim Potts

Recent advancements in technology continue to disrupt the real estate market. This includes the use of "Big Data" for data mining, artificial intelligence combined with machine learning, augmented and virtual reality, use of drones, blockchain technology, and the ongoing deployment of 5G.

Filed Under: Real Estate Tagged With: Market Trends, Real Estate, Technology

The Narrowing Gap Between Renting And Buying A Home In The US

April 17, 2020 by Jim Potts

According to data compiled by Realtor.com in the fourth quarter of 2019, it is still more affordable overall to rent versus buy a home -- but just barely. The median monthly mortgage payment at the end of 2019 was $1,600, while the median monthly rent payment was $1,319. This is largely due to steadily-increasing rates, rising home prices, and near-record-low mortgage rates.

Filed Under: Real Estate Tagged With: Market Conditions, Market Trends, Real Estate

What Should I Consider Most When Buying A Home This Year?

April 16, 2020 by Jim Potts

There are two times when it is best to buy a home. When you have to buy one and when you can afford to buy one. In general, owning a home is better than renting one because you are building up equity for yourself, instead of throwing your money away by helping the landlord buy the property with your rent money.

Filed Under: Real Estate Tagged With: Home Purchase, Market Trends, Real Estate

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Jim Potts

Jim Potts


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