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.

Can I Hold Title?

Often when people mention “title,” they’re referring to the chain of title—or the record of owners on the deed of a particular property dating back to the dawn of its time.

Sometimes there might be a situation in which multiple people are buying one property together, but not all of them are borrowers. So can you have an owner who is not a borrower along with an owner who is a borrower listed on the same deed?

Watch this week’s video to find out!

You can always contact Stiles Law by calling (781) 319-1900.

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.

How to Buy Your Dream Home in 2021

 

With the current status of the real estate market, buying a home might feel like a losing game. But it’s not impossible to succeed. How can you get your offer accepted?

Teamwork really does make the dream work. You need advocates in the form of a buyer’s agent, a loan officer and a closing attorney. These are professionals who can support and advise you through the process while making your offer stronger.

Consider the seller’s needs, appraisal gap coverage and an escalation clause to boost your appeal as well.

You can always add a personal touch to try and stand out. Your best bet is to be strategic and give it everything you’ve got. If it doesn’t work out, maybe it just wasn’t meant to be, but at least you’ll know you put your best foot forward.

We can help! Start at calendly.com/mstiles and you can get connected with the right attorney for you.

You can always contact Stiles Law by calling (781) 319-1900.

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.