The RADIANT BLOG

As the holiday season approaches, it’s time to wrap up those outstanding real estate matters before the New Year! Whether you’re a seller, buyer, or investor, organizing your real estate obligations now will save you from last-minute stress and set you up for a smooth start in January. Here’s a comprehensive checklist to ensure that you’re on track and ready to welcome the New Year with peace of mind.

1. For Sellers: Close Out and Prepare for 2025

2. For Buyers: Lock in Your Home Before the New Year

3. For Investors: Wrap Up Finances and Plan for 2025

4. End-of-Year Bonus Tips

-Delois Dee Marsh, December 2024

The VA loan is more than just a benefit; it’s a pathway to homeownership for those who have served.

November is here, and as we honor Veterans Day and the sacrifices of our service members, it’s the perfect time to recognize the valuable resources and benefits available to veterans when it comes to real estate. One of the most powerful tools veterans can use in their journey to homeownership is the VA loan benefit. Whether you’re a first-time homebuyer or ready to upgrade, understanding how VA benefits work can help you make the most of this earned opportunity.

1. What is a VA Loan? 🇺🇸

A VA loan is a mortgage option guaranteed by the U.S. Department of Veterans Affairs (VA) exclusively for veterans, active-duty service members, and select military spouses. With no down payment requirement and lower-than-average interest rates, VA loans make homeownership significantly more accessible for those who have served. One major advantage is that you can secure a home loan without private mortgage insurance (PMI), saving you money over the long term.

Key Benefits of VA Loans for Homebuyers

• No Down Payment: Unlike conventional loans, VA loans do not require a down payment, making it easier to get into a home without extensive upfront costs.
  
• Lower Interest Rates: VA loans often come with competitive interest rates, meaning smaller monthly payments.
  
• Flexible Credit Requirements: VA loans tend to have more flexible credit score requirements, which can benefit veterans building or repairing their credit.
  
• Limited Closing Costs: The VA regulates closing costs, ensuring they remain manageable and, in many cases, are covered by the seller.
  

2. VA Loans for Real Estate Investors 🇺🇸

One little-known fact is that VA loans can be used to purchase multi-family properties (up to four units) as long as the veteran occupies one of the units. This option allows you to generate rental income while taking advantage of your VA benefits—a great way to build wealth over time.

3. Understanding VA Funding Fees and How to Avoid Them 🇺🇸

The VA funding fee is a one-time payment that helps keep the VA loan program running without taxpayer support. The amount of this fee varies based on factors like the loan amount, down payment (if any), and whether it’s a first-time or subsequent use of VA loan benefits. Generally, the funding fee ranges from 1.25% to 3.3% of the loan amount. However, certain veterans may be exempt from paying this fee, including:

• Veterans receiving VA compensation for service-related disabilities
  
• Veterans who would be entitled to receive disability compensation if they didn’t receive retirement or active-duty pay
  
• Surviving spouses of veterans who died in service or from a service-related disability
  

For those eligible for an exemption, this can save thousands of dollars over the life of the loan, making homeownership even more affordable.

4. How We Help Veterans Navigate Their VA Benefits 🇺🇸

Navigating the VA loan process can be complex, but that’s where we come in. At Radiant Real Estate Services, we understand the unique needs of veterans and military families and are here to make the process seamless. Our team can guide you through the eligibility requirements, help you find properties that meet VA standards, and connect you with lenders who specialize in VA loans.

This November, as we celebrate and honor veterans, let us help you unlock the power of your VA benefits for homeownership.Ready to get started? Reach out today, and we’ll put you in touch with one of our VA-qualified lenders to discuss your options. Contact us by calling 706-610-0182 or emailing us at info@radiantrealestateservices.com. Thank you for your service, and we look forward to serving you in return! 

-Delois Dee Marsh, November 2024

“Instability is what’s hard for investors to work through,” - Al Brooks, Head of Commercial Real Estate at JPMorgan Chase

As the 2024 Presidential Race is well underway, the economic landscape is shifting, offering significant opportunities for homebuyers and investors.

A key factor in this shift is the drop in federal interest rates, often seen during election cycles to stimulate the economy.

Lower interest rates mean reduced mortgage costs, making homeownership more accessible and boosting property affordability.

Price stability in the housing market is an added bonus, as it prevents drastic price increases, allowing buyers to make strategic, long-term investments with greater confidence.

The 30-Year Fixed-Rate Mortgage Reaches Lowest Level in Two Years. -Freddie Mac Sep 2024

How You Can Take Advantage With Radiant Real Estate Services:

1. Lock in Low Rates Early!💸

Why It's Important: When interest rates are low, locking in a rate early in the home-buying process can have long-term financial benefits. A lower mortgage rate can result in lower monthly payments, allowing you to stretch your budget further without compromising on the home of your dreams. Over a 30-year loan, even a slight decrease in your interest rate could save you thousands—or even tens of thousands—of dollars.

How to Take Action: Work with a lender to get pre-approved for a mortgage and lock in the current low rate. Be proactive in your search for a home, as interest rates fluctuate based on economic conditions. By locking in early, you secure the rate before any potential increases, ensuring you make the most of favorable market conditions. This also increases your purchasing power, meaning you can potentially afford a larger home or more desirable features for the same monthly budget.

2. Refinance & Save! 🏦

Why It's Important: Think " Marry the house. Date the Rate."If you already own a home and are paying a higher interest rate, refinancing during a period of falling rates could lower your monthly mortgage payments. This means more disposable income for other needs or opportunities to invest the savings. Additionally, you can shorten the loan term by maintaining the same payment amount, allowing you to pay off your mortgage faster and save on overall interest costs.

How to Take Action: Consult with your lender to assess your current mortgage rate versus the available rates in the market. The process of refinancing involves closing costs, so it’s important to calculate whether the savings will outweigh the costs. Refinancing can also be an opportunity to switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, ensuring long-term stability in your payments. If you've built equity in your home, refinancing could also help you tap into it for renovations or investments.

3. Invest in Rentals! 🏢

Why It's Important: Lower interest rates aren’t just advantageous for personal home purchases—they make investing in rental properties more attractive as well. With reduced borrowing costs, the ROI on rental properties can be significantly higher. Whether you’re looking at single-family rentals, multi-unit properties, or even commercial real estate, the ability to finance these purchases at a lower cost means you can start earning positive cash flow faster.

How to Take Action: Identify growing or stable rental markets where demand is high, (Click Here to View Radiant Investment Properties) ensuring consistent rental income. Work with a real estate agent who specializes in investment properties to identify lucrative opportunities. Consider the potential for both long-term appreciation in property value and short-term rental income. With lower interest rates, you might be able to leverage financing to purchase more properties or diversify your portfolio, amplifying your earning potential.

4. Plan Long-Term! 📈

Why It's Important: Periods of price stability combined with falling interest rates create an ideal environment for making long-term real estate investments. Stable pricing means that you can make more informed decisions without the pressure of rapid price increases, while favorable interest rates ensure more affordable financing. This is an ideal time to plan for future property investments, including primary residences, rental properties, or commercial real estate, knowing that the market conditions are favorable.

How to Take Action: Evaluate your long-term goals and how real estate fits into your financial plan. Consider the types of properties that will hold value over time and increase in demand. For example, in growing suburban or urban areas, properties near new infrastructure developments may appreciate significantly over time. Work with a financial advisor and real estate agent to strategize when and where to invest based on projected market trends, securing properties while interest rates are low and prices remain steady.

Get Started with a Buyer Consultation Today! 🗝️

Don’t let this opportunity pass you by!

Schedule your personalized buyer consultation with one of our Radiant Realtors, and let’s find the perfect investment property together.

Our expert team will guide you through the process, answer all your questions, and help you make a smart, confident decision.

Ready to start investing?

Click here to book your consultation now, or give us a call at (706) 610-0182!📲✨

Reference:

Election’s Impact on Commercial Real Estate | JPMorgan Chase

Mortgage Rates - Freddie Mac

#InvestInRadiant #InterestRates #InvestmentOpportunity #RadiantRealEstateServices #SouthernCharm #ROI #BookAConsultation

-Bria Evans, October 2024

Discover the 5 Hidden Gems of Columbus, GA; Phenix City, AL; Fort Moore & surrounding areas!

Happy September Rays!

Here are 5 reasons why with picturesque river views and thriving communities on both sides of the border, investing here is more than a smart choice—it’s an opportunity that’ll have you smiling from ear to ear! From Columbus, GA, to Phenix City, AL, and Fort Moore, this vibrant region is beautifully nestled along the natural border of the Chattahoochee River, offering a stunning blend of southern charm, dynamic growth, and unbeatable investment potential.

1. A Growing Market with Endless Potential 📈

The Chattahoochee Valley is on the Rise, and It’s Time to Get Excited!🌟✨

With new developments popping up, a rapidly growing population, and a strong, resilient local economy, this region is becoming a goldmine for investors. Property values are climbing higher each day, making it the perfect playground for first-time buyers and seasoned pros alike! Columbus, GA, is buzzing with new businesses, vibrant cultural scenes, and the energy of a thriving military community from Fort Moore, giving it a dynamic city feel. On the flip side, Phenix City, AL, charms with its slower pace, warm community vibes, and fantastic rental potential—a dream for those looking to invest in relaxed, high-demand spaces. These twin cities are truly the hotspots for growth, and the word is out—savvy investors are already diving in to seize the opportunity! 🚀🏡 Don’t miss your chance to be part of this booming market!

The Chattahoochee Valley is indeed on the rise! In Columbus, GA, the real estate market is thriving, with a median list price of $279,500 and homes spending an average of 60 days on the market, showing steady growth (Columbus Home Show). Phenix City, AL, also presents strong investment potential, boasting a median list price of $232,450 and properties moving quickly with an average of 43 days on the market (Columbus Home Show). With ongoing developments and a dynamic local economy, this region offers fantastic opportunities for investors looking to capitalize on rising property values.

2. Affordable Entry Points and High ROI 💸

Unlike many larger cities, the Chattahoochee Valley offers affordable real estate with the potential for high returns on investment. Whether you’re looking to flip homes, rent out properties, or purchase your first investment home, you’ll find options that fit your budget without sacrificing quality. Lower costs mean higher returns, and that’s music to any investor’s ears! 🎶🏡

The Chattahoochee Valley stands out for its affordable real estate market with attractive ROI potential. Columbus, GA, has an average home price of $279,500, well below the national median, making it ideal for first-time investors or those looking to flip homes (Columbus Home Show). Phenix City, AL, offers similar affordability, with median home prices around $232,450 and high rental demand contributing to great returns (Columbus Home Show). Lower costs, combined with strong rental yields, make this area a hotspot for profitable investments! 🏡

3. A Diverse Rental Market with High Demand 🏢

The area’s diverse population creates a constant demand for rental properties. The presence of Fort Moore, numerous colleges, and various growing industries make this a prime location for renters. College students, military families, and professionals are consistently in need of quality housing. With Columbus growing by over 5,000 residents in 2023 alone, rental vacancies are quickly filled, making this region a reliable market for steady rental income. Whether you prefer short-term or long-term rentals, there’s no shortage of demand in the Chattahoochee Valley. According to the U.S. Census Bureau, the population of Columbus grew from 908,238 in 2022 to 913,175 in 2023—a growth of just over half a percent (U.S. Census Bureau, 2023)*.

4. Southern Charm Meets Modern Amenities 🌳🏙️

The Chattahoochee Valley isn’t just about good numbers—it’s about lifestyle! Imagine charming neighborhoods, riverside views, and a warm, welcoming community vibe. With access to parks, entertainment, great schools, and top-notch dining, this area blends southern hospitality with the conveniences of modern living, making it an attractive place to live and invest.

5. The Radiant Real Estate Advantage 🌟✨

Ready to explore available investment properties? Check out our exclusive Radiant Real Estate Investment Property Listings for the best opportunities in Columbus, Phenix City, and Fort Moore. From charming fixer-uppers to turnkey rental homes, we’ve got properties that shine! 🌞

Get Started with a Buyer Consultation Today! 🗝️

Don’t let this opportunity pass you by! Schedule your personalized buyer consultation with one of our Radiant Realtors, and let’s find the perfect investment property together. Our expert team will guide you through the process, answer all your questions, and help you make a smart, confident decision. Ready to start investing?

Click here to book your consultation now, or give us a call at (706) 610-0182! 📲✨

Reference:

U.S. Census Bureau. (2023). QuickFacts: Columbus city, Georgia.https://www.census.gov/quickfacts/columbuscitygeorgia

Columbus Home Show. (2024). Market Statistics. https://www.columbushomeshow.com/market-statistics/

#InvestInRadiant #ChattahoocheeValleyRealEstate #InvestmentOpportunity #RadiantRealEstate #SouthernCharm #ROI #BookAConsultation

-Bria Evans, September 2024

Hi Radiant Rays!

Welcome to August! 🌞✨ At Radiant Real Estate Services, we’re here to shine a light on your path to homeownership. This month, we’re diving into the exciting world of rent-to-own programs! These innovative agreements offer a fantastic alternative for those who might not qualify for traditional mortgages. So, let’s explore how rent-to-own works and how it can open new doors for you!

How Rent-to-Own Works:

A rent-to-own agreement is a unique arrangement where a tenant rents a property with the option or obligation to purchase it later. This setup includes several key components: a lease agreement outlining rental terms, an option to purchase clause giving the tenant the right to buy the property at a predetermined price within a specified period, and an option fee, which is an upfront, non-refundable payment credited towards the down payment. Plus, a portion of the monthly rent payment is often credited towards the purchase price, helping the tenant build equity over time.

Unlike traditional leases, rent-to-own agreements allow tenants to build equity through rent credits and the option fee, and they typically have longer lease terms (usually 1-3 years), providing tenants ample time to improve their financial situation. The purchase price is fixed at the start of the lease, protecting the tenant from future market increases. Ownership in rent-to-own agreements is delayed until the tenant exercises the option to buy, offering a lower risk of financial loss if they decide not to purchase the property.

Here’s a typical timeline for a rent-to-own agreement: Initially, the tenant and landlord agree on the lease terms, purchase price, option fee, and rent credits. The tenant pays the option fee and begins renting the property. During the lease period, the tenant lives in the property, paying rent and accumulating rent credits, while working on improving credit scores and saving for a down payment. Before the lease expires, the tenant decides whether to exercise the purchase option. If they choose to buy, the option fee and rent credits are applied toward the purchase price. Finally, the tenant secures financing and proceeds with the purchase, transitioning from renter to homeowner. This flexible and accessible pathway to homeownership provides unique advantages and considerations for both parties. Understanding these basics helps prospective buyers and sellers navigate the process with confidence.

Benefits for Buyers:

Rent-to-own programs offer numerous advantages for prospective homeowners. One of the most significant benefits is the ability to build equity while renting. Unlike traditional rental agreements, where monthly payments only provide temporary housing, a portion of each rent payment in a rent-to-own arrangement is credited toward the future purchase of the home. This allows tenants to accumulate equity over time, making the transition to ownership smoother and more financially beneficial.

Additionally, rent-to-own agreements often lock in the purchase price at the start of the lease. This means that tenants can secure a property at today’s market price, shielding them from potential increases in real estate prices over the lease period. This feature provides a sense of financial predictability and security, as tenants know exactly how much they will need to pay to own the home in the future.

Moreover, rent-to-own programs offer flexible financing options. Many individuals who may not immediately qualify for a traditional mortgage due to credit issues or lack of down payment funds can benefit from this alternative path to homeownership. During the lease period, tenants have the opportunity to improve their credit scores, save for a larger down payment, and demonstrate their ability to make consistent payments. This flexibility can make the dream of homeownership more accessible to a broader range of people, providing them with the time and resources needed to prepare for a conventional mortgage. These combined benefits make rent-to-own programs an attractive and viable option for many aspiring homeowners.

Considerations for Sellers:

Homeowners may choose to offer their property through a rent-to-own arrangement for several compelling reasons. One primary advantage is the potential tax benefits. Rent-to-own agreements can provide homeowners with steady rental income, which may be more tax-efficient compared to an outright sale. Additionally, the option fee and a portion of the rent payments can be applied toward the final purchase price, creating a structured income stream that may offer favorable tax treatment.

Furthermore, rent-to-own arrangements can be an effective property management strategy. These agreements often attract more committed tenants who have a vested interest in maintaining the property, as they intend to purchase it in the future. This can lead to reduced maintenance costs and fewer vacancies compared to traditional rental agreements. The presence of motivated tenants can also alleviate some of the burdens of property management, as these tenants are more likely to care for the property as if it were their own.

Additionally, offering a rent-to-own option can make a property more attractive in a slow real estate market. It broadens the pool of potential buyers to include those who may not qualify for a traditional mortgage immediately but are keen on owning a home. This increased demand can lead to quicker occupancy and potentially higher overall returns for the homeowner. By exploring rent-to-own arrangements, homeowners can achieve a balance of steady income, reduced property management hassles, and favorable tax implications, making it a strategic option in their real estate portfolio.

Legal and Financial Considerations:

When entering a rent-to-own agreement, both buyers and sellers need to be aware of several key legal and financial considerations. Lease terms are a critical component, defining the duration of the rental period and the conditions under which the buyer can exercise the option to purchase the property. It's essential for both parties to clearly understand these terms to avoid any misunderstandings down the line. Option fees, typically a non-refundable upfront payment, are another important aspect. This fee grants the buyer the exclusive right to purchase the property at a later date and is usually applied toward the final purchase price.

Maintenance responsibilities can vary significantly between rent-to-own agreements and traditional leases. In many cases, the tenant-buyer is responsible for a greater share of the property’s upkeep and repairs, reflecting their eventual ownership stake. This arrangement can benefit sellers by reducing their maintenance costs and ensuring the property is well-cared for during the rental period. However, it is crucial to clearly outline these responsibilities in the agreement to prevent disputes.

Exit strategies are another essential consideration. Both parties should agree on what happens if the tenant-buyer decides not to purchase the property at the end of the lease term. This may include terms for forfeiting the option fee and any additional rent payments applied to the purchase price. Conversely, if the seller decides to sell the property to another buyer, there should be clear terms about the tenant-buyer’s rights and any compensation due to them. By addressing these legal and financial considerations upfront, both buyers and sellers can enter into rent-to-own agreements with confidence, ensuring a smoother and more transparent path to homeownership.

Market Trends in Columbus, GA, and Phenix City, AL:

In the Columbus, GA, and Phenix City, AL areas, the real estate market has shown a growing interest in rent-to-own programs, reflecting national trends. These programs are becoming increasingly popular, especially among first-time homebuyers and individuals with less-than-perfect credit. The local housing market is characterized by a diverse range of properties, from charming historic homes to modern developments, making it an attractive area for a variety of buyers.

The affordability of homes in these regions, compared to larger metropolitan areas, further enhances the appeal of rent-to-own options. With the median home prices in Columbus and Phenix City being more accessible, potential buyers are finding that rent-to-own programs provide a feasible pathway to homeownership, allowing them to lock in purchase prices in a steadily appreciating market. Additionally, the supportive local community and the proximity to Fort Moore (formerly Fort Benning) contribute to a stable real estate environment, making rent-to-own an appealing option for military families and others looking to establish roots in this vibrant area. The combination of these factors highlights the growing popularity and viability of rent-to-own programs in Columbus and Phenix City.

Final Thoughts:

Rent-to-own programs can be a valuable tool for buyers and sellers alike, offering flexibility and opportunity in today’s real estate market. Understanding how these programs work and the potential benefits can empower readers to make informed decisions about their housing goals.

Rent-to-Own Companies

Here are some well-known rent-to-own companies, their services, contact information, and websites:

1. Landis

   • Website: Landis.com
   • Contact Information:
     • Address: 99 Wall Street #253, New York, NY 10005
     • Phone: Not provided on the website
   • Overview: Landis helps renters transition into homeowners by purchasing the property and renting it back to them for 1-3 years while they prepare to buy it.

2. Home Partners of America

   • Website: homepartners.com
   • Contact Information:
     • Phone: (877) 234-5155
     • Email: info@homepartners.com
   • Overview: Home Partners of America allows individuals to rent their dream home with the option to purchase it later. They work with real estate agents to find suitable properties.

3. Divvy Homes

   • Website: divvyhomes.com
   • Contact Information:
     • Phone: (833) 333-4889
     • Email: support@divvyhomes.com
   • Overview: Divvy Homes offers a rent-to-own program where a portion of the monthly rent goes toward the future down payment of the home.

4. Dream America

   • Website: dreamamerica.com
   • Contact Information:
     • Phone: (800) 292-2154
     • Email: info@dreamamerica.com
   • Overview: Dream America provides a lease-to-own program, targeting individuals who are close to qualifying for a mortgage but need more time to save or improve their credit.

-Delois Dee Marsh, August 2024

Hello, Radiant Home Seekers! 🌞

Welcome to July, the prime time for making your dream home a reality. At Radiant Real Estate Services, we believe that finding your perfect home should be as bright and joyful as a summer day. Whether you’re a first-time buyer or looking to upgrade, we’ve got some sizzling tips to help you prepare for your summer home purchase. Let’s dive in and discover why summer is the ideal season to make your move  in the Radiant Real Estate Blog!

1. Start with a Summer Savings Plan 🌴💰

Before diving into the home-buying process, it's essential to have your finances in order. Summer is a great time to save because there are plenty of opportunities to cut back on indoor entertainment expenses. Here’s how:

• Reduce Utility Bills: Take advantage of the natural light and warm weather to lower your electricity usage.
• Outdoor Fun: Enjoy free or low-cost outdoor activities like hiking, picnics, and beach days instead of expensive indoor entertainment.
• DIY Projects: Use your weekends to spruce up your current living space. Small improvements can increase your home’s value if you’re planning to sell.

2. Get Pre-Approved for a Mortgage 🌟🏦

One of the most crucial steps in buying a home is securing a mortgage pre-approval. This shows sellers that you’re serious and financially ready to make an offer. Plus, it helps you understand how much home you can afford. Start by:

• Researching Lenders: Look for reputable mortgage lenders with competitive rates.
• Gathering Documents: Prepare your financial documents, such as tax returns, pay stubs, and bank statements.
• Budgeting: Factor in all costs, including down payment, closing costs, and moving expenses.

3. House Hunting in the Sunshine 🌻🏡

Summer offers extended daylight hours, making it easier to schedule home tours and inspections. Here’s why summer house hunting is a breeze:

• Lush Landscapes: Homes often look their best in summer with blooming gardens and green lawns, helping you see the full potential of the property.
• Community Vibes: Neighborhoods are more active in summer, giving you a better sense of the community and amenities.
• School’s Out: If you have kids, summer is the perfect time to move without disrupting their school year.

4. Benefits of Moving in the Summer 🌞🚛

There are plenty of reasons why moving during the summer months is a fantastic idea:

• Better Weather: Say goodbye to the hassle of moving in rain or snow. Summer’s warm weather makes the moving process smoother and safer.
• Flexible Schedules: Many people have more flexible work schedules or vacation time in summer, making it easier to coordinate your move.
• Time to Settle In: Moving in summer gives you time to settle in and get acquainted with your new home and neighborhood before the busy fall season.

5. Plan Your Move with Radiant Real Estate Services 🌈✨

At Radiant Real Estate Services, we’re here to make your summer home-buying journey as smooth and enjoyable as possible. Our bright and knowledgeable team is ready to guide you every step of the way. From finding the perfect property to negotiating the best deal, we’ve got you covered!

Final Thoughts: Make This Summer Unforgettable 🌟🏡

There’s something magical about finding your dream home in the summer. The longer days, vibrant surroundings, and lively neighborhoods create the perfect backdrop for this exciting chapter in your life. By following these tips and working with Radiant Real Estate Services, you’ll be well on your way to making this summer unforgettable. Be sure to come back next month to read the Radiant Realty Blog! Ready to start your home-buying adventure? Contact us today and let’s make your dream home a reality!

-Delois Dee Marsh, July 2024