Monthly Archives: December 2018

NEW LISTING! Fantastic Mt. Washington home fully remodeled by Shannon Staley & Sons!

DHREA 10/12/2018

If you don’t appreciate the job Chris Ciccarelli – Realtor and Shannon Staley and Sons did with this home in Mt. Washington, you might want to check your pulse!

Ok, maybe we’re overselling a little. Dramatic catchphrases aside, take a quick glance at the unbelievable work Shannon Staley and Sons put into this home by viewing the slideshow below, and click this link for full property details! 😎

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
593 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

Read More

UPDATE! Remodeled starter/investment home in Washington REDUCED!

DHREA 08/12/2018

🎈 PROPERTY UPDATE! 🎈

Fully rehabbed inside and out, this home would be great for a first-time homebuyer or as a rental property in your portfolio! Watch the slideshow below, and click this link for full property details!

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
593 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

Read More

UPDATE! 1672 Hillsdale in Dormont has been REDUCED!

DHREA 07/12/2018

🎈 PROPERTY UPDATE! 🎈

This beautifully renovated brick home in the heart of Dormont has been REDUCED! Click below for a slideshow preview, click this link for full property details, and click this link to conctact Ashley Johnston today!

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
593 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

Read More

Want to buy a house with Bitcoin? Here’s what you need to know!

DHREA 05/12/2018

Want to buy a house with Bitcoin? Here's what you need to know.

 

With everyone going cryptocurrency crazy and the value of a single Bitcoin having skyrocketed as high as $19,000, there’s two things guaranteed when you work at a real estate startup:

  1. Your parents and non-tech savvy family members will ask you to explain what the hell it is over and over again
  2. Tech-savvy buyers who’ve mined their way to Bitcoin and other crypto riches will want to know if there is a way for them to buy a house using Bitcoin

For these questions, we say: “It’s like internet money, Mom.” and “Yes, it’s totally possible to buy a house with Bitcoin.”

How buying a house with Bitcoin works

If you’re serious about purchasing a house with Bitcoin, there are a few factors that come into play:

The seller has to be down
First, you have to find a seller who is willing to accept Bitcoin as payment for the house. You can use our search to look for the words “Bitcoin” or “Ethereum” or whatever your cryptocurrency of choice happens to be to find potential property matches.

Once you have an accepted offer, the title and escrow companies have to agree to handle the transaction
Even if you are able to find a seller that’s willing to accept your offer in Bitcoin, it can be tricky to find title insurance and escrow companies who feel comfortable handling virtual currency transactions. To take on your home purchase, they may require you to cash out your Bitcoin so that your transaction can be treated more like a traditional house purchase.

The future is here

Still have those Bitcoin homebuying dreams? Here are a few of our favorite properties for sale in California and Washington that’ll accept your cryptocurrency:

6023 W Beachwood Ln. Los Angeles, CA 90038
6023 W Beachwood Ln bitcoin house for sale

This Hollywood Hills new construction is smart home ready & highly walkable. Listing price is $1,190,000. If you buy it with Open Listings, you’ll get $11,900 back. View Listing

1338 Orchard Ave. Wenatchee, WA 98801
1338 Orchard Ave house for sale bitcoin

This charming & Wenatchee home could make a great investment for the right Bitcoin buyer with its big corner lot and full apartment above the garage. Listing price is $399,900. As of writing this, that’s about 25 Bitcoins. View Listing

1301 Duhig Rd Napa, CA 94559
Buy Napa California land for sale with Bitcoin

This may only be the bird’s eye view of this 10 acre plot in Napa County, but it’s ready and waiting for you with 3 bedrooms, 2 bathrooms, a hot tub, and some of Napa Valley’s finest wineries as your neighbors. Pretty, pretty, pretty good. Listing price is $2,900,000. Buy it with Open Listings, and get $36,250 back. View Listing

On the hunt to buy more homes with that Bitcoin? House hunt for free with Open Listings, find matches the moment they hit the market, and save thousands in unnecessary fees.

(This article originally appeared on OpenListings.)

 

 

 

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
591 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

Read More

Alex Deacon’s Property Management Series: Landlording Liability & Our Tenant Friendly Legal System

DHREA 05/12/2018

 

 

“The Deacon of Real Estate” Alex Deacon’s Property Management Series is back!

In his latest episode, Alex discusses landlord liability and delivers some expectations and tips when dealing with potential issues and damages. From tenants disappearing in the middle of the night, to thousands of dollars in damages…the headaches can be intense. However, those headaches can be minimized if you’re properly prepared and have the right mindset!

(Search for past episodes on Apple Podcasts, Google Music Podcasts, or your favorite podcasting app!)

 

 

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
590 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

Read More

#TaraMTG Tuesdays: What You Must Know About Rent-To-Own Homes!

DHREA 04/12/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

If you’ve browsed home sale listings, you’ve probably seen ads for “Rent-to-Own or “Lease-to-Own” homes. These agreements are similar to traditional rental contracts. However, they also give you an option to purchase the rental home.

Curious as to what renting-to-own involves or wondering if it’s a good option for you? Read on to understand the details of a rent-to-own contract and contact us for personalized mortgage advice.

The Anatomy of Rent-To-Own Contract

A rent-to-own contract usually has two parts to the agreement: a standard lease agreement as well as a separate document that outlines your option to buy. Both documents may be incorporated into one document or they exist as two separate ones.

Rent Agreement

In the rental part of the rent-to-own arrangement, it’ll state that the property will remain as the landlord property unless you choose to exercise the right to purchase the home. While this document will include language that mentions “purchasing,” this is still foundationally a rental agreement. It is not a purchase agreement. Just like any other standard lease agreement, it will include terms concerning the amount of rent to be paid, lease period, and outline the repair and maintenance responsibilities of the landlord.

Purchase Agreement

This difference is most notable in the rent that you’ll pay, as we mentioned above. You’ll still be required to make timely monthly payments, but the amount will be substantially higher than the rent of a similar property. This “extra” amount that you pay is usually put into an escrow account as part of your option to buy. It’s the landlord responsibility to set aside this additional portion of the rent aside to apply toward the principle or to refund it should you decide to purchase.

Your Rights and Obligations

Lease-to-own arrangements have unique features that differ from common lease agreements. This difference is most notable in the rent that you’ll pay, as we mentioned above. You’ll still be required to make timely monthly payments, but the amount will be substantially higher than the rent of a similar property. This “extra” amount that you pay is usually put into an escrow account as part of your option to buy. It’s the landlord responsibility to set aside this additional portion of the rent aside and apply toward the principle of the house or refund it to you upon purchase.

In a way, you’re building equity in the house during the rental period.

Maintenance is also different. Unlike a traditional lease agreement where the landlord is responsible for all repairs, in the rent-to-own contract, you’ll be responsible for the upkeep of the property. Most tenants and landlords consider it a fair agreement since, typically, the tenant will own the house eventually.

Other Details

Until your exercise your right to purchase, the property is legally owned by the landlord. Yes, even if you have made significant repairs and have invested several months of “equity,” you’ll still have to comply with the terms of the rental agreement. If any of the conditions are violated, the purchase option is voided. You’ll lose your option fee as well as the escrow percentage of the monthly rent payments.

Risks and Benefits

Many consider a rent-to-own agreement because they lack funds for the down payment, or their poor credit has made them temporarily ineligible for a mortgage (remember that poor credit can be improved!). With a rent-to-own arrangement, a tenant will be able to gradually build equity in a property while still having the possibility to opt out. However, financially, this could make the situation worse. If you choose not to exercise the right to purchase the property or fail to come up with the funds for the purchase, you could lose all of the funds you accumulated on the escrow account.

If you have poor credit or zero funds to purchase a home, you have other options other than rent-to-own contracts. Call Tara Mortgage Services for a free consultation to learn about your options!

 

 

 

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
590 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

Read More

CALLING ALL INVESTORS! This perfectly located and recently renovated duplex in Dormont has been reduced!

DHREA 03/12/2018

 

This beautiful brick duplex offers gorgeous up and downstairs units. The spacious first floor has 2 bedrooms, 1 bath, living room, and a bonus sun room. The second floor offers 2 bedrooms, in addition to a smaller room that can be used for a bedroom, a great office space, or fabulous closet/ dressing room, 1 bath, a living room and a dining room. Click this link or the slideshow below for more details, and contact Ashley Johnston about this fantastic investment opportunity today!

 

 

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
590 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

Read More