2021 Low Interest Rates | Is It Too Late?

ICYMI: Mortgage interest rates fluctuate, and they were at an all-time low recently. Although they went up for a bit, they’re back down again now, so it isn’t too late for you to take advantage of this opportunity. But strike while the iron is hot, because they’ll be going back up again before you know it.

We’re hearing that anyone with interest rates above 3.875% could benefit from refinancing, as rates are currently hovering around 3%. Just think of what you could do with that extra capital to invest in your future.

What’s keeping you from going for it? If you need to build a relationship with a loan professional or financial advisor, let us help connect you. If you have other reservations, feel free to schedule a time to strategize with Mark at calendly.com/mstiles

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

 

Does My House Have Lead Paint?

Here in Massachusetts we have a lot of surviving historical homes. They are a wonderful connection to the past, but can unfortunately have danger lurking on the walls.

Now of course you can run into any number of issues inside the walls of older homes, but today we’re talking about lead paint. Any home built prior to 1978 when lead paint was banned could possibly have it, making it especially unsuitable for children.

Who is responsible for de-leading a property? Can a seller stop a potential buyer from getting an inspection? And how could you find out if you have lead without an inspection? Luckily, if a property has been tested for lead paint in the past, it will be marked in this public registry: https://eohhs.ehs.state.ma.us/leadsaf…

Watch this week’s video to learn more about what lead paint means for landlords, sellers, buyers and renters.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

 

 

Will the Housing Market Crash? 2021 Bubble

 

With the state of the housing market right now, the question on everyone’s mind is this: When is the market going to crash? People worry that it’s feeling just like 2008 all over again. And we know that history repeats itself, if we don’t learn from our mistakes.

We’ve built a scarce marketplace thanks to the supply and demand imbalance. As a seller, you can get a lot for a house right now because of the shortage. Like a precious diamond, that which is desired most increases in value and in cost. In the past, an abundance of loose and risky loan products created false value, upsetting the natural process.

We’re not quite there yet. But we’re urging you to be vigilant and watch for the indicators, especially come fall and winter. Don’t forget to subscribe!

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Real Estate Investing for Beginners

Getting involved in real estate can be an amazing way to dip your toes into the world of investing and maybe even start making continuous passive income. But where do you even start?

First, consider what your goals and methods will be. If you’ve started to take notice of run-down real estate and you’re interested in adding value to a distressed property and then letting go of it, you might be a house flipper. If you’d rather buy property to hold onto and rent out, landlording might be in your future.

No matter which way you choose to invest, it’s imperative to build a strong team to support you, including a real estate agent, mortgage professional, CPA, financial advisor, and a real estate attorney (we know a few of those).

For more on the flipping process, misconceptions about investors and concerns on becoming a landlord, tune in to this week’s video.

Schedule a strategy call at calendly.com/mstiles

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Purchasing Real Estate with Cryptocurrency

 

Is cryptocurrency the moolah of the future? Is it even real?

It’s becoming increasingly apparent that crypto is here to stay.

But can something so seemingly abstract be used to buy something as concrete and tangible as real estate? Technically… yes. If the agreement is made between buyer and seller on this consideration, it is feasible.

However, of course there are hurdles because of the taboo surrounding it. Mainly, obtaining loans and title insurance is nearly impossible with a crypto purchase, unless it gets transferred into cash first.

Right now there are lots of restrictions, but it may not stay that way forever. To find out a bit more on cryptocurrency as an asset, check out the video.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

What is Owner’s Title Insurance?

This quick and comprehensive video on title insurance provides a description of the types of title insurance out there, the obstacles coverage protects homeowners from, and answers to some common assumptions and questions we get about this topic.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.