Are you the sun-and-sand type, or more of a snow-and-mountains kind of a person? Either way, you have probably spent some time looking around the places you have vacationed and thought, “I should buy a place around here”. While buying a property in a great vacation spot is probably a safe investment, it is by no means without risk. Getting swept away in the moment and failing to do due-diligence is just one problem facing these kinds of purchases. Learn more here.
Archives for February 2015
Drones are currently illegal for use in real estate, so why is the future for drones and real estate looking bright? Well, the FAA expects that by 2020, more than 30,000 drones will be active in a wide range of industries. With that, the FAA is implementing policies that “will allow for commercial operations in low-risk, controlled environments.”. The National Association of Realtors (NAR) is actively working to create regulatory exemptions for the future use of drones, especially in real estate. That means an aerial tour of your future property is around the corner. Read more here.
In the days of paper, a mortgage burning party was a pretty big event. You’d invite the neighbors, have some drinks and light it up. Today however, in the digital age, there are no more paper mortgages really. It probably wouldn’t be as much fun watching someone’s iPad get tossed on the BBQ (or maybe it would…). But paying off the mortgage, like mortgage burning parties, may be a thing of the past, and with good reason. Paying off the mortgage may actually hurt your credit score. Strange as it may sound, it’s true. Read more about how it can happen here.