Elaine Peace's Blog

Posted on 08/09/2020
Dos and Don'ts of Investing in Rental Properties
Photo by 1000Photography via Shutterstock Investment in real estate rental properties has many upsides. You can make great money long term. But as with any business, there are risks. Before you turn your condo or townhouse into a rental or invest in a house or duplex, consider the ramifications and consult professionals. Dos and Don’ts: Do set up...
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Posted on 08/02/2020
Tips on Choosing Your Luxury Penthouse
Photo by Steven Buissinne via Pixabay Buying a luxury penthouse isn’t just about finding one perfect thing about it. Several other factors come into play when deciding where you might live for many years. If everything isn’t just right, you may end up with buyer’s remorse. Buying a penthouse is different from buying a house in that you...
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Posted on 07/26/2020
Tips for Updating your Porch Lighting
Image by David Papazian from Shutterstock Porch lighting is an essential part of a home's curb appeal. It offers much more than help navigating in the dark or a pretty accent for your front door. A brightly lit porch can enhance security and also save you money on your energy bill. Where will you place it? The location...
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Posted on 07/19/2020
How to Use Pantone's Classic Blue
Photo by Hutomo Abrianto on Unsplash Sky at dusk is how Pantone describes classic blue, their 2020 color of the year. Restful and tranquil, a bold color such as classic blue gives the eye a place to rest as it travels around a space, which makes it ideal for accent items such as throw pillows, wall art or...
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Posted on 07/12/2020
How to Make Cauliflower Pizza
Photo by Louis Hansel @shotsoflouis on Unsplash A dish just about everyone can agree on anytime is pizza, and this tasty recipe for veggie pesto pizza with a homemade cauliflower crust is a healthy alternative to delivery or frozen options. While it takes about an hour to prepare and cook, those extra few minutes of prep are well...
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Posted on 07/07/2020
Real Estate Investing 101: Asset-Backed Security
Image by Gino Crescoli from Pixabay The common understanding of an asset-based debt is a loan meant to be repaid with interest, over time, and backed by a physical asset such as a building or a car. The asset serves as collateral that can be claimed by the lender in case of borrower default. An Asset-Based Security (ABS),...
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Posted on 06/28/2020
Legal Reasons to Back Out of a Real Estate Purchase Contract
Photo by Gerd Altmann via PixabayOnce you sign a purchase agreement, whether you are the buyer or seller, it is very difficult to back out of it. However, as a buyer, you are able to back out if your real estate agent drafts the contract properly. Real estate agents use a standard contract. That does not mean that...
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Posted on 06/21/2020
What is a USDA Loan?
Image by Free-Photos from Pixabay If you're looking for loans with excellent interest rates, you may have heard the term USDA bandied about. This special type of loan is attractive on paper, but the reality is a little more complicated than what meets the eye. Learn more about what a USDA loan is meant to do, how to...
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Posted on 06/14/2020
Is Private Mortgage Insurance Required?
Image by StartupStockPhotos from Pixabay In general, if you have less than 20 percent of a down payment for the house you want, you will have to pay private mortgage insurance (PMI). This insurance is a cost to you to protect the lender if you default on the loan. In most cases, it’s better to save the 20...
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Posted on 06/07/2020
Who Occupies Live-Work Properties?
Photo by Archi_Viz via Shutterstock Many urban areas promote the concept of working where you live, or living where you work, to simplify your life. But what does that mean when you’re buying real estate? The main difference is in zoning requirements and building codes. Those that are primarily zoned as residential offer fewer options for commercial enterprises....
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Posted on 05/31/2020
Avoid These Common Mortgage Mistakes
Image by Jan Vašek from Pixabay One of the biggest hurdles people face when looking for a home is applying for a mortgage. While applying for a mortgage is relatively straightforward, finding favorable terms might be more challenging. Many buyers are surprised by how broad the terms of a mortgage might be. With this in mind, it is...
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Posted on 05/24/2020
Expedite the House Selling Journey
The home selling journey may prove to be long and arduous, particularly for those who fail to plan ahead. Fortunately, there are many things you can do to expedite the house selling cycle and quickly achieve your desired results. Let's take a look at three tips to help you accelerate the home selling journey. 1. Understand Your Target Audience...
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