People are usually scared of retirement because they are uncertain about how their lives will turn out when they are no longer working actively. This is mostly the case for those who fail to prepare for life in their golden years. You’ll need to build a financial cushion in order to have a secure and comfortable life after retirement. This article will show you important steps to take when preparing for retirement. [Read more…]
Why US Citizens Can’t Open Offshore-Only Brokerage Accounts
When you begin trading forex, you want to make sure you benefit from every great opportunity. You look for the best brokers and make strategies that would bring you great profits. But there may be one question you ask as you look into opening offshore-only brokerage accounts – why aren’t they available for U.S. citizens?
Although there are many forex brokers for U.S. citizens that invite people to open offshore accounts, you often hear that this is not possible. But is this true? Read on to find out why U.S. citizens cannot open offshore-only brokerage accounts. [Read more…]
6 Tips for Closing Your Home Mortgage
Most people think that home purchasing ends once they find a suitable property. In reality, this is just the beginning of the process. Before you start buying fancy furniture, we suggest that you finish all the technical stuff pertaining to the mortgage.
It takes 46 days for an average American to close a mortgage deal. Of course, you can do it much quicker with the right preparation. Keep in mind that sellers prefer doing business with buyers who can close a deal fast. This is especially true in competitive markets where there is high demand. [Read more…]
Crucial Stages of Retirement You Must Be Aware of Before Your Quit Your Job
Retirement should be a special time. You’ve been working most of your life and now the time you have been giving to your boss and your company is your own to do whatever you want when you want.
However, many Boomers who find themselves suddenly entering or even well into retirement age, are finding they just didn’t save enough money to live the lifestyle to which they became accustomed to during their working years. When that happens, you have two choices. You can either go back to work, or you must find ways to supplement your savings and investments.
One solid way to increase your bottom line is to apply for a reverse mortgage. Says All Reverse Mortgage, there are pros and cons to this variety of loan for which you are eligible if you’ve own our owned home for many years and you are at least 62 years of age. If you qualify you could possibly receive hundreds of thousands of dollars’ worth of equity you’ve saved up by paying on your monthly mortgage for decades. [Read more…]
Still Renting in the Outer Banks in 2022? Why Not Consider Buying in 2023?
Outer Banks rentals have always been popular among “the summer people” who come from all over the U.S. to North Carolina and prefer everything from a small oceanfront condo to a big estate that can accommodate an extended family. If you work with a reputable realty company that is familiar with the area, you not only get the service you need to make your vacation stay seamless, but you might also get tips on purchasing an oceanfront home rather than wasting your money by renting.
According to a recent Outer Banks realty and construction report, despite the pandemic, the real estate market in the Outer Banks has managed to keep ahead of the market shifts. Some experts say the market was so good in the first half of 2022 that it might never be duplicated. Home values increased, while many oceanfront properties have been purchased above the asking price not within weeks or days but within hours.
Values in the Outer Banks are said to have increased by nearly 50 percent or more, setting real estate records for units sold and overall sales volume. Housing inventory is said to have begun its expansion in February of 2022. The number of days available homes spent on the market fell due to a depleted housing inventory. But in the second part of 2022, the inventory is said to have started creeping back up.
Average home prices in the Outer Banks are said to be leveling off, which could be the result of a “new bottom” in the sales market.
An Outer Banks Market Summary
What drives the Outer Banks economy? Tourism. Most homes are investment properties or vacation homes. This is said to require a “strong buyer” who can afford to put 20-25 percent down on a prospective property. That’s said to be a major down payment in this difficult real estate market and a time of spiking inflation.
During the previous real estate boom prior to the COVID-19 pandemic, you could borrow cash relatively easily. Some borrowers were, in essence, unqualified. But in the new market, the borrower is generally expected to be overqualified.
Real estate professionals are looking for home purchases that involve at least 10 percent cash. This factor alone proves that the Outer Banks market is solid and not subject to a bubble that is about to burst anytime soon.
Referred to as the Northern Beaches, the Corolla area in the Outer Banks is said to have achieved the most turnover in two decades. New buyers are also spending money on remodeling. Construction professionals concur that the number of building permits applied for and granted over the latter half of 2022, thus far, has been outstanding. In theory, this should result in a massive spike in Outer Banks rentals and new homes sales over the coming years.
According to reports, new construction has been steady over the last half year. New subdivisions have sprung up in Kill Devil Hills and Corolla in particular. The lot prices remain “relatively low for the market.” Interested buyers should take into consideration that new constriction can give you more of what you wish for in a home than a remodel can.
Outer Banks Real Estate Predictions for the Second Half of 2022
During Q1 and Q2 of 2022, interest rates rose, the stock market tanked, and new buyer activity slowed as a result. However, new properties are being listed daily, so it should be a good time for buyers to return to the Outer Banks real estate market, even with rising interest rates.
However, construction and real estate experts agree that in Q3 and Q4 of 2022, new property listings will continue to rise due to a lack of “aggressive buyers.” The Fed has certainly agreed to raise rates another .75 percent as 2022 closes out. But quantitative tightening can only last for so long before easing begins again.
Real estate experts say they don’t feel like a “buyer’s market” will reemerge before 2023. But they believe there are terrific opportunities to buy as 2023 moves toward 2024. It’s all a matter of buyer patience and researching where you will likely find excellent bargains. You might even find a rent-to-own situation that meets your needs.
How To Stay On Top Of Your Finances
Staying on top of your money and managing it in a way that is beneficial and sensible can be difficult, especially if you’ve struggled with your finances in the past – but taking back control doesn’t have to be complicated, there are a few ways that you can make your money go further, so you can stay out of financial difficulty. Below, we’ll look at a few factors that can help, like creating a budget, saving, and cutting down on impulse buys.
Finding it hard to manage your finances is not out of the ordinary, and more people than you think struggle to make ends meet. If your cash flow is tight, but you’re faced with an unexpected expense, payday loans direct lender no credit check can help you with an emergency cost, when you need it most.
Your Simplified Guide to Selling Your Home
Deciding to pack up and move to somewhere new always comes with its fair share of difficulty. The process of not only finding a new home but selling your old one can take a long time from start to finish, with many opportunities for setbacks and obstacles along the way. Fortunately, with enough time and patience, you will be able to sell your home and move on to your new path in life. It may take a few false starts and brief moments of disappointment, but sooner or later, you will make the sale. Here is a brief guide to summarize the main aspects of selling your home so that you can kickstart the process.
How Much Does A Master Business License Cost?
Apart from having a business plan, it is recommended that business owners register their newly-formed venture and get the appropriate permits, licenses, and insurance required in order to do business.
If you’re planning to open a small business as a sole proprietor as a sole business owner or with a partner, as a General Partnership, make it official by registering for a Master Business License, now known as a Business Name Registration.
Throughout this article, we help you to understand exactly what a Master Business License (now known as a Business Name Registration) is, why you should get it, how much you can expect to pay and how to go about doing this.
Managed Reporting Tactics for Improving Customer Interactions
When it comes to interacting with customers, businesses today need to be as efficient as possible. This means taking advantage of all the latest technologies and techniques to provide the best customer service. One key area where many businesses can improve the customer experience is through the use of managed reporting. Keep reading to learn more about the roles and responsibilities in managed reporting and some tactics for improving customer interactions.