17 Apr 2020
By RESCO Realty

Why Most People Use A Real Estate Agent Or Broker To Buy A Property

Real Estate, ,
One might wonder if the continued improvement in the access to online information about properties for sale has removed the need for working with a qualified real estate agent or broker. It has not. The trends reported by the National Association of REALTORS® (NAR) are interesting. Buyers are finding a home to purchase by searching online in larger numbers than before. In the NAR survey of homebuyers, the home was found online by the buyer for more than half of the homes purchased, with only 28% of the homes purchased suggested to the buyer by a real estate agent. Even…
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16 Apr 2020
By RESCO Realty

Three Reasons 25% Of Millennial Homebuyers May Struggle To Purchase A Home

Mortgage, ,
Millennials are the first generation in America that will probably not be able to do as well as their parents. In the United States, there is not as much upward mobility as there was in the past. What is the cause of this? CNN reports that Millennials have more college degrees than their parents. They also have an enormous amount of student loan debt. Many millennials have lower-paying jobs than their parents had at the same age when adjusted for inflation. Spending patterns changed as well, due to the high cost of living. Finding The Money Saving is not easy.…
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15 Apr 2020
By RESCO Realty

What Is House Hacking?

Real Estate, ,
Some clever millennials are teaching the older boomers a new way to invest in real estate, which goes by the name of "house hacking." What Is House Hacking? House hacking has nothing to do with computers, although you may go on the Internet to find candidates for real estate investments suitable for hacking. The goal of house hacking is to acquire a multifamily rental property, live in one part of it and rent out the other parts for enough rental income to cover most, if not all, of the expenses of owning the property. Live Rent-Free As the on-site manager…
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