Real Estate Market in Colombia: How Much is a Nice House?

How much is a nice house in Colombia? While you can pay $1 million or more for a large two-story, El Poblado home, a comparable home in cities such as Manizales or Pereira will cost $250,000 to $300,000. Apartment (or condo) living in the cities is very common, and usually less expensive than free-standing homes. … Read more

Does Staging Add Value?

Does staging add value? Eighty-five percent of staged homes fetched offers between 5 percent and 23 percent over list price, according to 2020 data from the Real Estate Staging Association (RESA), and by investing 1 percent of the home’s value in staging, 75 percent of sellers saw a return between 5 percent and 15 percent. … Read more

Are Flips and Fix Worth It?

Are flips and fix worth it? Can you make money from house flipping? When it’s done the right way, you definitely can! In the second quarter of 2021, flipped homes sold for an all-time high median price of $267,000 with a gross profit of almost $67,000. Keep in mind that the gross profit doesn’t include … Read more

The Average Profit on a House Flip: What You Need to Know

What is the average profit on a house flip? In the second quarter of 2021, the average gross profit made per home flip in the U.S. amounted to 67,000 U.S. dollars. House flipping is a real estate term which refers to the practice of an investor buying property with the aim of reselling them for … Read more

What Does a Title Company Do in Texas?

What does a title company do in Texas? Title insurance companies in Texas have two primary functions: holding and disbursing funds from escrow accounts, and issuing an insurance policy covering ownership of the property. Read more on www.fortbendtitle.com A title business is an essential part of the real estate sector. It is in charge of … Read more

Haunted Houses: The Money-Making Business

How much money can a haunted house make? Kopelman estimated that a big haunted attraction can earn $2 million or $3 million a season. Even smaller ones can make upwards of $50,000. Read more on www.cnbc.com One of the most well-liked Halloween attractions in America is now a haunted home. They provide an experience that … Read more

Should You Offer Less Than the Asking Price?

Should you offer less than the asking price? Offering 5% to 10% below the asking price. Do ample research so you can argue what the home’s true market value is. Many agents will recommend slightly higher listing prices with the assumption buyers will want to negotiate down, so don’t be afraid to try to snag … Read more

Who Owns the Parking Lot?

Who owns the parking lot? If the spaces are on a city owned and managed street, the city owns the spaces. If a business association owns and maintains the street, the spaces are owned and managed by the business association. If the spaces are in a parking lot, it is the owner of the parking … Read more

Are Parking Garages a Good Investment?

Are parking garages a good investment? If you find a good location, parking lots can generate generous monthly income from lease payments. And the time and cost of management and maintenance is usually far less than other forms of property. That said, any investment carries risk. Read more on garnaco.net Any metropolitan area must have … Read more