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In The Newspapers

How to raise rent and keep your tenant

By Marcie Geffner • Bankrate.com

Raising your tenant’s rent is a matter of “finesse and analysis,” says Keith Becker, president of DeDe’s Rentals and Property Management in Santa Rosa, California.

You don’t want a good tenant to move out because then you’ll have to incur the expense to find a new tenant. But you don’t want to leave money on the table, either.

“Your existing tenant is a known quantity,” Becker says. “You

11 must-haves to sell to Millennial homebuyers

By Michael Estrin • Bankrate.com

The millennial generation is becoming an increasingly important part of the housing market. According to a 2015 National Association of Realtors study that looked at generational housing trends, millennials (or Generation Y), those born between 1980 and 2000, comprise the largest segment of the buyer market, ahead of even Generation X, which covers those born between 1965 and 1979.

Together, these 2 generations represent today’s young buyers,

11 must-haves to sell to Millennial homebuyers

By Michael Estrin • Bankrate.com

The millennial generation is becoming an increasingly important part of the housing market. According to a 2015 National Association of Realtors study that looked at generational housing trends, millennials (or Generation Y), those born between 1980 and 2000, comprise the largest segment of the buyer market, ahead of even Generation X, which covers those born between 1965 and 1979.

Together, these 2 generations represent today’s young buyers,

6 things home sellers do that annoy buyers

By Dana Dratch – Bankrate.com

When you’re buying a home, you’re nervous, stressed and proud.

What you don’t want to be is annoyed.

Yet, again and again, sellers do things that peeve potential buyers, says McKay Price, assistant professor of real estate finance at Lehigh University.

From trying to limit the ways a buyer can pay for the home to walking off with chandeliers, drapes and other items that are supposed to go with

What it takes to borrow from home equity

By • Bankrate.com

Breaking into the home equity nest egg is becoming a very real possibility for more Americans as home prices rise. But raiding the house bank is not as easy as it was before the recession, and not everyone meets the requirements to borrow from home equity.

Consumers must have a trifecta of enough equity, a high credit score and a healthy relationship between their debt

Can agent sue client for stymied home purchase?

By Steve McLinden • Bankrate.com

Dear Real Estate Adviser,

We’re a month out from closing on selling our home. We’re trying to buy our next home, too. However, after we signed the contract to buy that home, the lenders raised our minimum down payment from 10% to 20%. That’s impossible for us. Our Realtor, who we’re using to sell our home and buy the new one (she gets commission on each), says

How to re-finance a rent house

By Marcie Geffner • Bankrate.com

Want to buy a new home and rent out your old house? You could face a glitch.

It might be hard to refinance a house that you’re renting out, because “things change when you’re no longer dealing with a primary residence,” warns Ben Chenault Jr., regional manager at MortgageBanc/Fairway Independent Mortgage in Birmingham, Alabama.

“A lot of people want to jump on the great deals, but they still

Money pit: Who should fix undetected problems with a house?

By Steve McLinden • Bankrate.com

Dear Real Estate Adviser,

My son and daughter-in-law bought their first home over a year ago and it’s been a nightmare. Many flaws, including plumbing, obvious termite damage and others, weren’t disclosed, and they’re struggling to fix them. They had a home inspection and bought a home warranty from a firm that’s offered to refund their money because the damage is considered pre-existing. Sadly, it looks like

5 tips to avoid delays when closing on a home

By Michele Lerner • Bankrate.com

Avoiding closing day nightmares, such as a long delay or, worse, a canceled home sale, requires complete communication from the day a contract is signed until the house keys are exchanged.

Here’s an example:

Think signing a mountain of papers at a real estate closing is tough? Try getting multiple owners in an estate sale to sign the same stack on the same day.

“In one case we had

Becoming a landlord: Do you have what it takes?

By Jay MacDonald • Bankrate.com

The buzz is building around income property once again, and for good reason: The economy continues to recover, mortgage rates remain low, homes are appreciating and legions of baby boomers are downsizing and scouting post-retirement income opportunities.

Jill Wente, a Realtor with Gary Greene Real Estate near Houston, says those leaning toward becoming a landlord fall into two categories.

“Typically, they’re either thinking about renting their own place

Gay marriage and real estate: What’s changed

By Janna Herron – Bankrate.com

The decision by the U.S. Supreme Court to legalize gay marriage has sweeping effects on laws across the country, including those related to real estate ownership. Married same-sex couples now have more options available to them when they buy and own a home.

The high court ruled in Obergefell v. Hodges that same-sex couples in the U.S. have a right to marry, no matter where they live,

Re-finance a mortgage?

By Dr. Don Taylor, Ph.D., CFA, CFP, CASL • Bankrate.com

Dear Dr. Don,

Regarding HARP 2.0, or the Home Affordable Refinance Program, my wife and I are currently in our mid-50s with a grossly underwater mortgage. We did not qualify for a loan modification, so we are considering a refinance. Our 30-year mortgage is $213,000 at 5.875 percent, and we are entering our seventh year of payments.

Given the historic lows on mortgage

How to avoid foreclosure

Bankrate.com

Most people who sign a mortgage don’t intend to walk away from it. Still, unforeseen circumstances — huge medical bills, lost jobs, divorce or eroding property values — can overwhelm even the best-intentioned borrower. A simple twist of fate can leave you facing a homeowner’s worst nightmare: foreclosure.

Lenders want your money and the interest that comes with it, not your house. If you seem to be a good risk, the

5 homebuying tips from Dad

By Dana Dratch • Bankrate.com

It was a different world when Dad bought his first home.

But oddly enough, a lot of his homebuying advice (unlike his socks-and-sandals choice) is back in fashion.

Putting up a sizable down payment, holding back some cash reserves in the bank, and shopping smart so you can get the best deal on a home loan? You’ll make the old man proud.

Here are five homebuying tips from Dad

Tips for first-time homebuyers

By Dana Dratch – Bankrate.com

Memo to first-time home sellers: This is not your father’s housing market.

Today’s buyers are pickier and have more tools in their tool belts. Consequently, sellers may have to spend more time and cash making their homes camera-ready.

For first-time sellers who have never been through the process before, it’s a different world. One where the value of the house isn’t measured solely by the profit made on