How Higher Energy Costs Will Affect Housing Demand, Oil Tank Due Diligence When You Buy Property, US Homes Sales Move Again

How Higher Energy Costs Will Affect Housing Demand

Real Estate Tip:

When you pay for an oil tank scan on a property you are going to buy, have the company you hire determine whether the tank is actively in use. If the tank has been taken out of service, you should request all documents relating to the tank closure including town permits and contractor reports. These documents will prove the tank was closed properly according to regulatory guidelines.

Real Estate Insight:

US existing home sales fell again in December, concluding the weakest year for home sale activity since 2014.

How The Ukraine War Will Affect Real Estate, Cap Rate Formula, Multifamily Rents January Move

How The Ukraine War Will Affect Real Estate

Real Estate Tip:

The Capitalization or Cap Rate for a property is the ratio between its net operating income (NOI) and the property’s value:

Capitalization Rate = Net Operating Income/Value

You can transpose the formula to solve for property value or net operating income:

Property Value = Net Operating Income/Capitalization Rate

Net Operating Income = Property Value*Capitalization Rate

Real Estate Insight:

Multifamily rents nationwide registered an increase in January 2022.