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Tag Archives | Colleen McElmell

McElmell

Buying A Home with Military Veterans’ Benefits

No down payment. No mortgage insurance. Lower credit score requirements than most loan programs. Does this sound too good to be true? Actually, this is a true reality for our military veterans. These are all characteristics of Veterans Affairs mortgages, also known as VA loans. These home loans are made through private lenders and as […]

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McElmell

Don’t Fear a Hot Homebuyer’s Market 

If you’ve found yourself paralyzed by this active market, you’re not alone. According to a recent survey of 3,500 buyers, a whopping 58 percent of potential homebuyers are sitting on the sidelines because they’re afraid the market is too hot. Here’s a breakdown of their top concerns:   Affordability: Prices are rising or too high (27 […]

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Colleen McElmell

Buyers Beware: The Hidden Costs of Historic Homes

Did you know that Prescott has 65 properties that are listed on the National Register of Historic Places? Historic structures are abundant and beautiful! There’s much to admire about owning a historic home. However, before you fall in love with the gleam of summer light cascading through a century-old stained glass window, pause and consider […]

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McElmell

Becoming a Real Estate Agent  

Have you ever wondered if you could be a real estate agent? If you are looking for a new career, a real estate agent may be a viable option for you.   Although there are no guarantees that you will succeed as a realtor and passing the test can be difficult and require dedication to learn […]

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McElmell

Tips for A Successful House Flip 

Thanks to HGTV, house flipping is an increasingly popular method of real estate investing. As easy as it may look, however, flipping is far from easy.     A seasoned house flipper admits, “We make it look easy. But, it’s risky, back-breaking work. It can be fun, but if you don’t know what you’re doing, you’re sunk.”   […]

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McElmell

1031 Exchanges

A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors to defer taxes when selling investment/commercial property. This effective strategy is also known as a “Starker Exchange,” named for the first tax case that allowed the exchange, or a “Like Kind Exchange,” referring to the type of change […]

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