Mindblown: a blog about philosophy.
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Tips for Turning a Fixer-Upper Into Dream Home
Evaluate the fixer-upper's potential by considering the location and identifying any hidden structural issues through inspection.Ensure the existing layout and foundation align with your vision, focusing on homes that need mainly cosmetic changes.
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Washington: Among the Priciest States by 2023
Arizona’s average home price is projected to reach around $557,853 by 2030. The state’s warm climate and relatively low taxes make it an appealing destination for people relocating from colder states. Population growth is focused in areas like Phoenix and its surrounding suburbs, where housing demand remains high. Arizona’s lower cost of living compared to…
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Can Fed’s Rate Cuts Jumpstart The Struggling Commercial Real Estate Market?
In September, the Federal Reserve cut the Fed funds rate by 50 basis points, potentially benefiting interest rate-sensitive sectors like commercial real estate. Lower borrowing costs could revive deal activity, which had slowed. Analysts suggest that while lower rates aren't a "magic bullet," they could aid recovery in the commercial real estate market. Multifamily properties…
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Whatcom County Market Update
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Should You Buy a House Now or Wait Until 2025?
Homes are selling fast, indicating it’s still competitive.Buy now if you're ready.Buyers are hesitant now, so waiting might be wise if you're cautious.
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Early-Q4: Best Time for Homebuyers
The first week of October 2024 offers homebuyers potential savings of over $14K on median-priced homes. This week may see up to 37% more for-sale inventory compared to the start of 2024.
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Commercial Real Estate Market Enters Normalization Period
The commercial Real Estate market is experiencing a normalization period with stable prices but rising vacancies.Migration to the Sun Belt has slowed, while the Snowbelt is showing improved performance.
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How Much Does It Cost to Sell a House?
Overview of Selling Costs – Commonly 10% to 15% of the home price – Includes both mandatory and optional expenses Taxes and Fees – Property tax: prorated share owed at sale – Real Estate transfer tax may apply based on location – Capital gains tax on profits over $250K (or $500K for couples)
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How Older Office Properties Could Make A Comeback
The older office space market, once deemed obsolete due to remote work trends and economic factors, may still have potential for revival. With necessary updates and energy-efficient renovations, B and C class buildings could attract tenants again, similar to how past fashion trends have resurfaced. Lowering interest rates could further stimulate investment in these properties,…
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Commercial Leasing Simplified: What You Need
Key Components: 1. Lease Term: Duration of the agreement 2. Rent: Amount and structure of payments 3. Operating Expenses: Maintenance, taxes, & insurance costs 4. Maintenance Responsibilities: Who handles repairs? 5. Use of Premises: Allowed activities & restrictions 6. Renewal Options: Terms for extending the lease
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