Buying a House

What Smart Investors Do

If you’re like most people, you probably think of real estate investing as a way to make a lot of money fast. And while it’s true that there are some real opportunities to make big profits in real estate, it’s not necessarily as easy as some people make it out to be. Smart investors know this, and they approach real estate investing with a more conservative mindset, knowing that slow and steady will usually win the race. So, what do these smart investors do differently than the rest? Keep reading to find out.

1. They Have A Long-Term Strategy

While it’s possible to make a quick profit in real estate, the most successful investors know that the key to really making money is to take a long-term approach. They’re not looking to flipping properties for a quick buck; they’re looking to hold onto properties and grow their portfolio over time. This means that they’re always thinking about the future and how they can make the most of their investment.

2. They Know Their Market

The best investors don’t just know the ins and outs of real estate investing, they also know their market inside and out. They understand the trends and what people are looking for in a property. This allows them to make smart investments that are likely to pay off in the long run.

3. They Have a Team of Experts

4. They’re Patient

Investing in real estate is not a get-rich-quick scheme. It takes time, patience, and a lot of hard work to be successful. The best investors know this and are patient in waiting for the right opportunities to come along. They’re not afraid to hold onto a property for years if it means that they’ll see a better return on their investment down the road.

 5. They Invest in Income Producing Real Estate

The most successful real estate investors know that the key to building wealth through real estate is to focus on income-producing properties. That means investing in properties that will generate rental income, rather than simply appreciating in value. By focusing on income, you can build a portfolio of properties that will provide you with a steady stream of cash flow, which you can then use to reinvest in more properties or simply live off of.

6. They Diversify Their Portfolio

Another important habit of successful real estate investors is diversification. This means investing in a variety of different property types, in different markets, and with different strategies. By diversifying your portfolio, you can minimize your risk and maximize your chances of success.


If you’re thinking about getting into real estate investing, these tips can help you get started on the right foot. Remember, it’s not about making a quick buck; it’s about taking a long-term approach and making smart investments that will pay off in the future. With patience and a little bit of work, you can be a successful real estate investor too.

What Smart Investors Do Read More »

How To Choose a Mortgage or Hard Money Lender

Choosing a mortgage or hard money lender can be overwhelming – especially if you’re doing it for the first time. After all, you want to make sure you’re getting the best deal possible. But with so many different options available, how do you know who to trust? Here are a few tips that can help you make the right decision for your needs.

1. Choose a Firm that Specializes in Hard Money Lending

A hard money lender is a firm that offers loans primarily based on the value of the property being pledged as collateral, not on the borrower’s creditworthiness. 

Hard money lending firms usually have less stringent underwriting criteria than banks and other traditional lenders, making them a good option for borrowers with poor credit or who are otherwise unable to qualify for a conventional loan. However, hard money loans typically come with higher interest rates and fees than conventional loans.

When choosing a hard money lender, it’s important to choose a firm that specializes in this type of lending. There are many firms that offer both hard money loans and conventional mortgages, but not all of them have the same level of experience or expertise when it comes to hard money lending. 

Working with a firm that specializes in hard money loans can help ensure that you get the best possible terms and rates on your loan.

2. Get Pre-Approved

One of the best ways to choose a mortgage lender is to get preapproved for a loan. Preapproval means that a lender has reviewed your financial information and is willing to give you a loan up to a certain amount, based on that information. Getting preapproved for a loan gives you several advantages. 

First, it tells you how much money you can borrow, which can help you narrow down your home search. 

Second, it shows sellers that you’re a serious buyer who is likely to be approved for a loan, which can give you an edge over buyers who haven’t been preapproved. 

Finally, preapproval can help you get a better interest rate on your loan because it shows lenders that you’re a low-risk borrower.

3. Select a Local Investment Property Lender

If you’re looking to purchase an investment property, it’s important to choose a local lender. They’ll be familiar with the market and can offer you insights that out-of-town lenders may not have. They may also be able to offer more flexible terms and rates.

4. Know Your Credit Score

Your credit score is one of the factors that will be considered when you apply for a mortgage or hard money loan. The higher your score, the better your chances of getting approved. So before you start shopping around, pull your credit report and check your score. This way, you’ll know what kind of rates and terms you can expect.

5. Compare Rates and Fees

When you’re looking at different lenders, be sure to compare their rates and fees. Some lenders may charge higher interest rates than others, so it’s important to find one that’s competitive. You’ll also want to look at any other fees that may be charged, such as origination fees or closing costs.


Following these tips can help you choose the right mortgage or hard money lender for your needs. With so many options available, taking the time to compare your choices is essential. By doing your research and shopping around, you can be sure you’re getting the best deal possible.

How To Choose a Mortgage or Hard Money Lender Read More »

Home Services Needed When Selling Your Home

No one ever said selling a home was easy, but it can be a lot simpler with the right help. From real estate agents to home inspectors, these experts will make sure your house is ready to sell quickly and for top dollar. So, if you’re gearing up to put your house on the market, be sure to consult this list for must-have home services.

HVAC Services

Servicing your HVAC system is also a good way to prevent any potential problems that could arise during the sale. For example, if your system breaks down during the showings, it could put a damper on the whole process.

Construction Services

If you’re thinking about selling your house, there are a few construction services that can help increase its value. These services can range from simple repairs to more extensive renovations.

One of the most important things you can do is make sure your house is in good repair. This means fixing any damage or wear and tear that may have occurred over the years. Potential buyers will be looking for any signs of neglect or poor maintenance, so it’s important to address these issues before putting your house on the market.

In addition to repairs, you may also want to consider making some cosmetic improvements. This could include painting, updating fixtures and fittings, or even undertaking a more major renovation project. By making your house look its best, you’ll be more likely to attract buyers and achieve a higher sale price.

Junk Removal Services

As a real estate agent, you understand the importance of first impressions. When potential buyers come to see a home that’s for sale, they’re looking at more than just the property itself. They’re also taking into account the surrounding area, and that includes the condition of the home’s exterior. If there’s junk or debris on the property, it can make the whole house look unkempt and neglected. That’s why it’s so important to have a junk removal service on hand before buyers come to see the property.

Deep Cleaning Service

When you’re selling a house, first impressions matter. If your home is cluttered or dirty, potential buyers may be turned off before they even step foot inside. That’s why it’s important to make sure your home is clean and presentable before putting it on the market.

A deep clean is a thorough cleaning of your entire home, from top to bottom. This includes cleaning areas that are often overlooked, such as baseboards, windowsills, and light fixtures. Deep cleaning your home before selling it can be a daunting task, but it’s worth the effort. A clean home will not only look better in photos and in person, but it will also send a message to potential buyers that you’ve taken good care of your home.


Selling a home can be a stressful process, but with the help of these experts, it doesn’t have to be. From HVAC services that will make your house more comfortable for potential buyers to junk removal that will declutter and organize your space, these professionals know how to get your home ready to sell. And if you’re worried about the cost, don’t be! Most of these services are affordable and worth every penny. So, before you put your house on the market, be sure to consult this list and take advantage of all the amazing services available.

Home Services Needed When Selling Your Home Read More »

Pros and Cons of Waiting to Buy

Are you thinking of buying a home but aren’t quite sure if it’s the right time? You’re not alone. Many buyers are on the fence about whether to buy a home in today’s market or not. In this post, we’ll weigh the pros and cons of waiting to buy a home.

So, read on to find out if buying now is right for you

The Pros of Waiting to Buy a Home

1. You May Be Able to Get a Better Deal

If you’re patient and wait for the right moment, you may be able to snag a great deal on your dream home.

In today’s market, there are many homes that are priced below their true value. So, if you have your eye on a particular property, it may be worth waiting to see if the price drops before making an offer.

2. Interest Rates Are Expected to Rise

Mortgage interest rates are at historic lows right now. However, they are expected to rise in the next few years.

If you wait to buy a home, you may be able to lock in a lower interest rate, which could save you thousands of dollars over the life of your loan.

3. You’ll Have More Time to Save for a Down Payment

A large down payment is one of the biggest hurdles to buying a home. If you wait to purchase, you’ll have more time to save up for a down payment.

This will reduce the amount you need to finance and could help you avoid private mortgage insurance (PMI).

The Cons of Waiting to Buy a Home

1. Home Prices May Continue to Rise

If you wait too long to buy a home, you may miss out on today’s low prices. In many markets across the country, home prices are already on the rise.

So, if you wait too long, you may end up paying more for your home than you would have if you’d bought it sooner.

2. It May Become More Difficult to Qualify for a Mortgage

As interest rates rise, it will become more difficult to qualify for a mortgage. If you’re on the fence about buying a home, it may be best to do it sooner rather than later.

3. You May Miss Out on Some Great Tax Benefits

If you buy a home this year, you may be able to take advantage of some great tax benefits. For example, the mortgage interest deduction allows you to deduct the interest you pay on your mortgage from your taxes.

This can save you a significant amount of money at tax time.


So, there you have it! These are just a few of the pros and cons of waiting to buy a home. As you can see, there are benefits and drawbacks to both buying now and waiting.

Ultimately, the decision of whether to buy a home or not is a personal one that depends on your unique circumstances.

Pros and Cons of Waiting to Buy Read More »

Best Places To Live In Washington State

Washington state is a fantastic place to live, with its diverse landscape and exciting cities. But, if you’re thinking of moving or buying a house in Washington, it can be tricky to decide which one is the best place for you.

This post will outline the best places to live in Washington State based on different factors. So, whether you’re looking for somewhere rural, suburban, or urban, there’s sure to be a perfect spot for you!

1. Seattle

Seattle is the largest city in Washington State and one of the most popular places to live in the US. With its lively music and arts scene, excellent restaurants, beautiful scenery, and easy access to nature, it’s no wonder Seattle is so famous!

There are also plenty of job opportunities in Seattle, making it an excellent choice for those looking for work. The only downside to living in Seattle is the high cost of living.

2. Bellevue

Bellevue, another major city in Washington, is just across Lake Washington from Seattle. Bellevue is more diminutive than Seattle but offers all the same amenities, plus a more suburban feel.

It’s a great place to raise a family with good schools and plenty of outdoor activities available. The cost of living in Bellevue is also high, but not quite as expensive as in Seattle.

3. Tacoma

Tacoma is located south of Seattle and is known for its affordable housing and lively arts scene. It’s a great place to live if you’re looking for an urban environment but don’t want to pay Seattle prices.

In addition, this city has a lively downtown area and is home to major corporations, making it perfect if you’re looking for a career-oriented lifestyle. Tacoma also has excellent public schools and several outdoor recreation areas.

4. Olympia

Olympia is the capital city of Washington State and is located in the state’s southwest corner. It’s a smaller city but still offers plenty of amenities, including a lively downtown area with shops and restaurants.

The city is also close to several state parks and beaches, making it a great place to enjoy the outdoors. In addition, the cost of living in Olympia is lower than in many other areas in Washington, making it a more affordable option.

5. Spokane

Spokane is the largest city in eastern Washington and is located in the foothills of the Rocky Mountains. It’s a beautiful city with plenty of parks and outdoor recreation areas.

It is also home to several colleges and universities, making it an excellent choice for those looking for higher education opportunities. In addition, living in Spokane is relatively low, making it an affordable option for many people.

Bonus Recommendation: Bellingham

Bellingham is a small city located northwest of Washington, near the Canadian border. It’s a popular destination for outdoor enthusiasts, near the mountains and the sea.

It’s also home to Western Washington University, making it an excellent choice for students or those looking for a college town atmosphere. The cost of living in Bellingham is relatively high but still lower than in Seattle and Bellevue.


If you’re looking for a city that has it all, Seattle is the place to be. With its booming economy and diverse landscape, there’s something for everyone in this northwest metropolis. On the other hand, if you’re looking for a more petite town charm with easy access to the big city, check out Bellevue.

No matter your preferences, Washington State has a significant place waiting for you!

Best Places To Live In Washington State Read More »

5 Mistakes People Make When Buying a House and How To Avoid Them

home for sale in the puget sound

There are many things to consider when buying a house. Even with the wealth of information out there on the internet, many people still make the same costly mistakes that can be avoided. In this blog post, we will discuss some of the most common mistakes people make and avoid them. So, if you are in the market for a new home or just curious, please keep reading!

1. Buying a house with multiple offers

In today’s market, you want to make sure that no other offers are available on the house you want to purchase. If there are multiple offers, this decreases the chances of your offer being accepted. Your real estate agent will be able to guide you through the process and help you get your offer in before any of your competition.

2. Not getting pre-approved for a mortgage.

This can be a costly mistake. For example, if you are interested in purchasing a house, your real estate agent will want to know what type of loan you can qualify for and how much you can afford before introducing you to the listing agents.

Failing to get pre-approved decreases your chances of getting your offer approved because it makes the seller doubt your ability to buy their home.

3. Making an offer on a house that doesn’t fit within your budget

When buying a new home, it’s important not to look at houses that ‘look nice’ or those with all the bells and whistles as opposed to those that fit within your price range. Some people make a big mistake in viewing houses that cost more than they can afford. So if it fits within your budget, don’t let it stop you from making an offer on a house with fewer features.

Before making an offer on a new home, it’s essential that you know how much you can afford to spend. Most real estate agents and sellers will require proof that you can afford the house before accepting your offer. If you don’t have this, your offer will likely be denied.

4. Not having a home inspection.

A home inspection is an essential part of buying a new house. You want to make sure the house you are buying is in good condition and that any problems are identified before the sale goes through. A home inspector will tell you what needs to be repaired, replaced, or updated, which can help you negotiate with the seller.

If things need to be fixed, don’t let this stop you from making an offer on the house, as it may be possible for you and the seller to work out a deal so that all repairs will be completed before closing. However, if repairs cannot be made, ask yourself if they’re something you can live with or whether they’re deal-breakers and decide how much they’re worth to you when making an offer on the house.

5. Not knowing about property taxes.

Property taxes are usually paid yearly and are usually based on the house’s assessed value. However, the property tax rate is determined by the county or town you live in, so it varies from place to place. Therefore, it’s essential that you know how much your property taxes will be before buying a house so you can factor them into your monthly budget.


When you’re buying a house, it’s important to remember that there are many things to consider – from the location and size of the property to the mortgage rate and closing costs.

Unfortunately, many people make costly mistakes that can be avoided with careful planning. To help you avoid these common mistakes, get in touch with us today and one of our professional real estate agents will reach out to answer any questions you may have.

5 Mistakes People Make When Buying a House and How To Avoid Them Read More »

How To Buy A House Without A Down Payment

Want to buy your own home but don’t have the money saved up for a down payment? Don’t worry – there are many ways to buy a house without spending any money upfront. In this blog post, we’ll explore some of those options and help you take the first step towards owning your own home. So what are you waiting for? Read on!

Zero Down Payment Options

VA Loans

VA loans are a mortgage available to active military personnel, veterans, and families. These loans offer 100% financing, meaning you don’t need to put any money down. VA loans also come with no private mortgage insurance (PMI) premiums, which can save you a lot of money over the life of your loan. The Department of Veterans Affairs (VA) offers a home loan program to eligible military personnel, veterans, and surviving spouses. To qualify for VA financing, you must meet the following criteria:

Requirements vary by state. In general, all first-time homebuyers who can afford monthly mortgage payments are eligible for down payment assistance programs in California, regardless of their income.

The best way to find out if you’re eligible for a particular down payment assistance program is to contact the organization or government agency that sponsors it. There are many different ways to buy a home without putting down 20%. Don’t be afraid to ask your mortgage lender about 100% financing or other options if you are qualified. It may be a lot easier to buy your first home than you think.

 USDA Loans

The U.S. Department of Agriculture (USDA) offers several mortgage loan options for low to moderate-income applicants, including borrowers who are first-time homebuyers or lack substantial down payment funds and credit history. USDA loans carry no minimum required down payments on purchases with a sales price of $312,870 in most of the country. In addition, there are limits on the amount of money borrowed by county and city.

Pros and Cons of a No-Down Payment Mortgage

There are several pros and cons to consider when weighing a no-down-payment mortgage.

On the pro side, you can buy a home without any money upfront, which is a massive benefit for many people. Additionally, since you’re not paying down your principal balance, you’ll have more equity in your home sooner.

On the con side, the amount you pay per month will be higher, and interest rates might rise in a few years when your initial rate expires. Finally, mortgages with no-down payments typically have prepayment penalties if you decide to refinance or sell early on.

Bottom Line

Buying a home is one of the most significant financial decisions you’ll make in your life, so it’s essential to weigh all the pros and cons before making a decision.

For example, if you can afford the higher monthly payments and don’t mind potentially paying a prepayment penalty down the line, then a no-down-payment mortgage could be a good option for you.

How To Buy A House Without A Down Payment Read More »

Why Owning a Home is Better than Renting

man holding key after choosing to buy home instead of renting

Finding a place to live can be an extremely stressful task. Many thoughts go through your head when you decide, specifically “Should I buy a house or rent one?”. Before you get on with your search, you must first decide which option is best for you.

It would be best if you considered a few things before making this giant leap. The primary factor that would impact your decision is how much you are willing to spend. Renting a house might sound a bit beneficial for now, but if you see it in the long run, you might get no benefit out of it. Homeownership is better than renting. Not only do you get to call your place of residence “home,” but there are some very compelling financial reasons why owning a home beat renting in almost every category (tax benefits, equity growth, long-term goals)

man shaking hand of real estate agent after buying a home

Here is what you need to know about the benefits of owning a house instead of renting:

1. Relief from Paying Rent:

Don’t you hate paying rent? With the ongoing market conditions and mortgage rates, now is the time to consider transitioning from writing a monthly rental check to investing in your own home. The financial benefits of buying a house can outweigh your monthly mortgage payments if you keep your housing costs low enough by shopping around for the best rates on mortgages and insurance.

You can use the Buy Vs. Rent Calculator to consider the decision of buying a property or renting it. For example, if you buy a house worth $ 200,000 today and increase value by 3.9% every year, your home would be worth approx. $ 233,000 after five years.

2. Tax Advantage: That would save you a lot

There are several advantages of buying a home which includes the ability to grow equity and certain tax advantages. It’s also an acquired milestone that offers a sense of pride and accomplishment. The current real estate and mortgage market conditions have created the perfect opportunity to transition from paying monthly rentals to investing in your own home.

3. Market Condition

Today’s real estate market conditions have created the perfect opportunity to move from paying a landlord for a set amount of space at a fixed rate every month into buying that space yourself. A house is indeed your castle, and buying one beats renting in almost every category

4. Building Equity

In many cases, buying a home offers the opportunity to build equity as you pay down your mortgage. According to a study by the Joint Center for Housing Studies at Harvard University, homeowners can accumulate wealth at twice the rate as renters do over time.

You can also minimize risk with proper insurance coverage because it protects against unexpected catastrophes such as fire, severe storms, vandalism, and theft. Quit wasting money on rent and start investing in your future!


Buying a house has always been a profitable investment. With all of the benefits lined up for you above, the decision lies in your hand whether you want to buy a house or rent it. If you’re looking for a competent consultant, then Look Up Realty is your place to go.

Send Us A Message

Contact Lookup Realty

Why Owning a Home is Better than Renting Read More »

Is 2021 a Good Time to Buy a House?

There’s never been a home buying market like this one. Buyers are motivated by significantly low mortgage rates. Apart from low mortgage rates, many companies allow their employees to work from home, meaning buyers have more flexibility to choose where they’ll live.

If you’ve ever considered buying a house, you’re probably asking yourself if it’s the right time to buy a house in 2021.

Here’s everything you need to know about buying a house and why it potentially is –and isn’t—a good idea:

image of house for sale in 2021

The advantages of buying a house in 2021

Let’s firstly start with the advantages.

The current market situation

At the beginning of this year, the housing market was noticeably hot. Thanks to the low mortgage rates, a plethora of buyers wanted to take advantage of this opportunity and decided to buy a house. They were so interested in buying houses that it even lead to bidding wars. This, of course, drove the prices even higher.

The good news is that at the moment, this isn’t a trend anymore. In the last few months, we’ve seen the market slowing down. Houses are staying on the market longer, and there are overall fewer bidding wars between buyers.

Low mortgage rates

As previously mentioned, the mortgage rates were close to historic lows at the start of the year. They stayed that way until the second half of February, when they started to climb. The climb, however, stopped mid-April, and since then, they remain consistent.

While the rates may continue to climb during 2021, it is very unlikely they’ll spike in the near term. Experts debate that we could see the rates rise in 2022/2023, but it’s impossible to say by how much.

image of calculator to represent the cost of buying a house in 2021

The disadvantages of buying a house in 2021

Uncertainty in the market

Some people are uncertain about the current situation as many experts discuss different topics such as the presumable inflation, higher unemployment, or the housing market being a bubble. It is all a matter of speculation, and no one truly knows what’s going to happen.

We want to emphasize that there are always many angles you can look at a specific topic, but it’s important to say that the majority of people are optimistic and look for the American economy to stabilize and become as strong as it used to be before the covid pandemic.

Be prepared to pay premium prices

The demand for housing has been on a consistent uptrend since last year. As the demand spiked, so did the house prices. The average U.S. house price has gone up by 15% compared to last year.


Although it’s impossible to accurately predict the upcoming economic trend since it depends on many aspects, we still believe that buying a house in 2021 can be a good choice.

We hope our article helped you to gain the necessary awareness about the topic of buying a house in 2021. If there’s anything you’d like to ask us, feel free to do so. Our team will be more than happy to answer all your questions!

Is 2021 a Good Time to Buy a House? Read More »