Tips

Is This Year – 2011 A Good Time To Buy A Home?

Posted on February 12, 2011. Filed under: Homebuyers, Real Estate News & Updates, Tips, US recession | Tags: , , , , , , |

Currently, the United States is in a state of recession. Houses are harder to sell than before – at least for a profit – and many people are finding the pressure to be mounting with no near end in sight. However, for those who do not currently own homes, but are looking to, this is a time of great opportunity. Why?

Too many homes were built during the boom and now supply is outweighing demand, putting first time home buyers in the right place at the right time. While people do not necessarily want to benefit as a result of the misfortune of others, coming first time home buyers will not be in a position to overpay for a home, nor should they. After all, when items are on sale, benevolence does not include padding the price to make people feel better, especially if the purchase is a short sale. So take advantage for this great time of opportunity.

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Reasons Why Your Home Won’t Sell

Posted on January 31, 2011. Filed under: home selling, Tips | Tags: , , , , , , , |

Has your lawn grown up around that “For Sale” sign? Have the wasps moved into the lock box on your front door? Did you just receive an invitation to your real estate agent’s retirement party?

Say you’ve had your home for sale for months and not a single home buyer has decided to make an offer to you. You’ve spent a lot of money on home advertising, made a number of price reductions and nobody calls you. Maybe your agent now has an expired listing. It’s possible that you’ve even buried a St. Joseph’s statue in your yard, and that didn’t bring any offers, either. What can you do when it’s plain that your home isn’t selling?

If so, chances are your home sale fizzled. Here are the six most-common reasons why homes don’t sell and what you can do about it.

Your home is overpriced

Overpricing is the most common reason homes don’t sell. When you ask an unrealistic price, it sets in motion a process that often works against you. If your home remains on the market for too long, agents and buyers may begin to wonder if there are other, perhaps, more serious reasons why it isn’t selling.

Your home doesn’t ‘show’ well

Your home is competing against shiny new houses in those pristine subdivisions out in the suburbs with their attractive prices, incentives and community amenities.  Face it: Even the best old house needs a little makeover if it hopes to attract a qualified buyer. The good news is most of the work will be cosmetic and relatively inexpensive: a new coat of paint, a few attractive window boxes, a thorough cleaning of floors and carpets. Voila! The place may look good enough to reconsider

You’re in a bad location

Nothing has a greater effect on your home’s value than its location. If your home’s location is less than desirable, your options are somewhat limited. A good real estate agent will do his best to help you accentuate the positive and eliminate the negative of your circumstances, say by using foliage to screen off offensive adjoining properties or dampen traffic noise. The best way to compensate for a poor location is to reduce your asking price or offer attractive incentives such as seller financing or a lease option with rent credit.

You have a lousy listing agent

What’s more, if your agent is abrasive, arrogant or otherwise difficult to work with, other agents may not want the hassle of showing any of their listings to prospective buyers.

You are battling competition or market conditions

In real estate, market conditions are affected by any number of external forces, some of them predictable (the weather, sort of), some of them unpredictable (the local economy, interest rates, public optimism or pessimism). While in a “hot” or seller’s market, homes go fast. Inventory (homes on the market) may be low, meaning less competition for you. Chances are better that you will get your asking price in a hot market; in fact, it is not uncommon to even be offered more than your listing price. But in a “flat,” “cold” or buyer’s market, sales slow to a trickle, inventories grow and buyers can find bargains, especially when they know the seller is motivated (i.e., paying on two mortgages).

You have ineffective marketing

Gone are the days when an agent could simply place your listing with the local multiple listing services, hold a halfhearted open house and wait for another agent to bring forth a buyer. Today’s top performers launch a multilevel marketing plan that includes listing tours for area agents, newspaper and even TV ads, weekend open houses, listing fliers and placements in local real estate publications. Also, the Internet also had changed the face of real estate. According to the National Association of Realtors, today more than one-third of all home buyers use the Internet for house hunting. The best real estate agents are computer-savvy. They have your listing in color on their laptops to show clients and communicate frequently via e-mail, a particular boon when working with out-of-town buyers.

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Old Home Vs New Home: What’s best fit for you?

Posted on January 6, 2011. Filed under: Homebuyers, Homeowners, Ideas & Information, Tips | Tags: , , , , , , , , |

Buying a home could be complicated and challenging than people realize, and deciding to buy either a new or old home is another thing.  For every qualifier, there’s a dis-qualifier. For every “on one hand,” there’s an “on the other hand.” Both have advantages and disadvantages that must be consider before buying a home.

Location:  New homes are often to be found in newer suburbs and in reclaimed wild areas. If a home buyer wants to live in an area that is already an established estate or in an established neighborhood, an older home is preferable. Some home buyers may also object to buying a new home that was built on newly cleared forest land or wetlands. New subdivisions — and newer schools — are generally on the outskirts. But the expense of daily commute is one factor that many buyers forget to consider.  In an older community, he said, people have moved in and out over the years and you tend to get more diversity of neighbor backgrounds that include older people, singles, families and renters. Some older homes have been passed down from generation to generation. Relationships develop over the life of a house and its occupants, and a watching-each-others-back mentality surfaces that can extend to folks buying into the neighborhood. You don’t just buy an old home . . . you buy an extended family.

Price: Existing homes are usually less expensive per square foot, in part because of escalating land costs in new subdivisions. But ownership costs are considered more predictable — almost inevitable — in a new home, especially considering the cost of a code upgrade or remodeling of a vintage home.

Space:  Older homes tend to be smaller than new homes, but they tend to be on larger parcels of land. With the fast rise in land prices that has occurred in recent years, new homes are often built on less land than even 10 years ago. Whether a home buyer prefers a larger home on less land or a smaller home with a larger yard should be considered before deciding between new homes and older ones. The layouts of new homes also tend to be slightly different than older ones. Older homes may have all of the bedrooms grouped together and may have only one or two bathrooms.

Living space and design: Lower building costs of the past mean more homes for the money for the buyer of a resale. Resale basements may have been finished out nicely for additional living space. On the other hand, new-construction homes often employ more efficient, innovative uses of square footage and property. Also, newer “zero-lot-line” developments offer more living space per square foot than a same-size lot that surrounds a resale.

While buying a used or new home should be largely a lifestyle decision that still shouldn’t prevent the potential buyer from also thinking like a seller.

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How to Sell Your Home Quickly and For Top Dollar

Posted on December 22, 2010. Filed under: home selling, Ideas & Information, Tips | Tags: , , , |

Getting your home ready

Home buyers are attracted to clean, spacious and attractive houses. So your goal is to dazzle potential buyers. First get rid of clutter and personal items from counter tops, tables and floors. Scrub-down your house from top to bottom, inside and out. Landscaping and touch-up paint can greatly increase the curb appeal. Fix creaking steps, squeaky doors and holes in walls. Also you will need to banish suspect smells; you don’t want your house to become known in real-estate circles as “the cat pee place.”

Home inspection

This must be done so you can find out the condition of your home. This way you can decide if you want to make the repairs or give the buyer a price reduction or credit towards repairs. Thus, a  pre-sale inspection can help in two ways, says real estate columnist Tom Kelly. Professional inspections can identify problems that could thwart a sale in time to fix them. And if there are no major problems, he said, an inspection can publicize that fact to skittish buyers.

Pricing your home correctly

When trying to sell your home, one of the most important things you must do is price your home correctly. Always remember that overpricing your home may reduces buyer interest, makes competing properties seem like better deals. A seller may think she’s just testing the market with a high price tag, assuming buyers will at least make an offer, but buyers may assume she’s unreasonable and move on. Remember that the real estate market changes daily. We suggest revaluating your price every few months. Your goal should be a fair price — something that’s reasonable given the price of other homes in your area.

Market your home

Effectively advertise your listing with online marketing. Over 90% of all buyers use the Internet to search for a home, so online marketing is key to selling your home. Complement your online listing with traditional tactics including yard signs, open houses, and social marketing — both online and the old-fashioned kind, called word of mouth.

Selling a home takes thought, time and knowledge of your local market. Many FSBO’s fail because they don’t research the market, price their homes too high and do not expose their home to a larger enough pool of qualified buyers. If you have the time, skills and are willing to do some research and put your best effort into selling your home, then you should be able to sell it quickly for top dollar.

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Are you really Ready to Buy a Home?

Posted on December 15, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, US Housing News | Tags: , , , , , |

It’s important to determine what you really want in a home before you even step outside to look at one. Having an idea of what you want will help you narrow your home search to homes that will fit your needs and wants. Simple decisions such as how much you want to spend and how big of a home you want can also save you time and ensure that you aren’t looking at homes that aren’t really what you want or need. Thus, buying a home can be an overwhelming process, and it’s easy to forget something on your checklist.  If you’re a first-time buyer, chances are you’re learning a lot of stuff for the first time.  To help make this process easier, we’ve compiled a list of things you should watch out for, just in case you forgot one. Remember, whether you are a first time homebuyer or a professional one, the basic of home buying are still the same.

Location is very important factor to be considered when buying a home. You have to choose the location that is suitable for your reason for moving in.  If you decide you want a home in the city, be wary of looking at homes out of the city that will increase your commute time, run up more vehicle expenses, and create annoyances such as not being able to order take out or not being able to make quick stops at home during the workday. If you don’t like to live in the city then by all means don’t place yourself in a city lot or apartment where you are going to feel crowded or annoyed by common city occurrences. Also the neighborhood is really important, because it determines the value of your home years from now.  Many new buyers are excited to find a home with everything they need, but forget to check the surrounding area.  When you’re buying a home, spend some time and walk around the neighborhood.

 

When buying a home it is important thing that you consider your financial status. You have to be ready with your finances before searching the best home that will be perfect for you and your family.  Thus, price is one of the most common factors that people tend to push to the limits. They look at how much more home or how much nicer of a home they can have if they spend a little more money. If you ignore how practical a house is for your family you may end up with constant annoyances or problems on a daily basis.

Another important thing that you should not forget when before buying a home is, home inspection. Find a good inspector and get recommendations from people you know and trust, because a detail oriented inspector can spot problems and save you a lot of grief later on, after you own the house. You have to make sure that you inspect the home thoroughly before making an offer. You have to make sure that there are no hidden defects in order to make sure that you are making a worthwhile investment.

You may stray from your original plans and expectations with the purchase of your home, which is fine as long as you keep a realistic outlook on the home purchase. You may find that the square footage you planned to buy would be way too small for your family or that the repairs you thought to be too tedious are really more common than anything. It’s simply important to buy a home that compliments your financial situation and personal lifestyle, rather than one that merely complicates them.

 

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The Real Value of Historical Homes

Posted on October 6, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News | Tags: , , , , |

The Real Value of Historical Homes

A historic home has some significant historic relevance as reflected in its architecture. The additional beauty, charm, and historical background of these rare historical artifacts–architect, occupants, and historical events–may greatly enhance the value of the home. Those houses are like antiques in a museum, the only replica of the past that survive until now to tell us what type of life they had before.

Historic homes appeal to people for a variety of reasons.  Many homeowners like the idea of a historic home because it had significant relevance in the past, while others may just like “the look” of architecture from years past. With its rich history, it has a wonderfully textured architectural past that demonstrate the great and ever-changing architectural trends of the past.  A large contingency of buyers, while certainly admiring the property’s aesthetic qualities, will buy a historic home because of the benefits that come with restoring it.  There may also be tax benefits for those who qualify based on their individual restoration project.

If you are in the market to buy a historic home, you should consider that this type of home needs more care and maintenance. You should plan for some renovation but still maintain the originality of it. Buying this kind of home is like discovering artifact from the past that considered as fragile and uncover secrets behind those things. Restoration of historic homes is a challenge for everyone and there are many people out there that will take those challenges as adventure to pursuit.

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AMERICA IS FACING A FORECLOSURE EPIDEMIC!

Posted on September 23, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News |

AMERICA IS FACING A FORECLOSURE EPIDEMIC!

Once upon a time, you could handle your mortgage payments.  But then… Life happened! Or, maybe your payments adjusted way up. Somewhere along the way, you found yourself suddenly and deeply in between a rock and a hard place, from where you can only pay a portion of the mortgage.  Perhaps it began with a divorce or something unforeseeable such as an injury on the job.

There is no rest for the weary, as they say, and the banks demand that you keep up, regardless of the situation.  Sadly, it is all or nothing with the banks – partial payments just will not do.  If you are reading this message you are taking smart steps toward resolving this issue. I am sure you understand that not taking action at this point would be catastrophic to your financial life.

Time is running out.  You have made every effort and have not been successful in working out a solution to stop the pending foreclosure.


What you need now is our experience in your corner.  For a long time now, we have been helping families like yours get back on track with their mortgages.

Our goal is to slow this foreclosure epidemic by helping one family at a time.  We are dedicated to helping the people of our community.


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STOP FORECLOSURE!

Posted on September 20, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News | Tags: , , , , , , , |

STOP FORECLOSURE!

Foreclose pix

Everyone is aware of our economic crise’s and nationwide residential home foreclosures and commercial loan foreclosures, that are having a devastating impact on our financial system. Congress has stepped in and has been trying to work with residential homeowners, but the crisis still exists and now the commercial loan sector is experiencing unprecedented defaults.

Experts are estimating that two-thirds of all commercial real estate loans due in the next few years will become delinquent and will lead to foreclosure and financial ruin for banks, servicers and insurance holding companies and for the property owner as well.The market has changed. The commercial vacancy rate has risen to the highest rate since the ‘90s. With vacancy rates high and climbing, landlords not collecting rents, shoppers not spending, real market rents lower than originally forecasted and strong signs that inflation will soon be running rampant. Experts are predicting that, due to these problems and more on the horizon, within the next few years, commercial real estate owners will encounter the same problems currently facing homeowners.

If your facing foreclosure now, it’s the time to decide what is the next action to do before it’s too late. You have to look for a new resolution and stop foreclosure to happen. Join others that make their solutions to their crisis and continue in living with peace in your heart and mind. You need to find people that can help you with this problem. Whom you can trust that have great expertise in dealing with foreclosure problems. Their are many tips you need to follow how to fix problem like this and this Professional will help you and guide you!

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Be Ready To Buy A New Home!

Posted on September 14, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Tips, Uncategorized, US Housing News | Tags: , , , , , , , |

My New Home

If you have chosen your new home, there should be no hesitation to buy that one. because there will be other buyers waiting to grab up the same deal you just found.

Home buyer must have understanding with the current market conditions and presenting a property to showcase its unique real estate value. Here is the time that you need the real estate professionals to guide you with your decision. With the right team, the right attitude and marketing strategies, buyers who are actively searching will trust them and stimulate their interest to be more positive about that new home.
http://centexwholesaleproperties.com/
http://janardsellshouses.com/

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Facing Foreclosure?

Posted on September 1, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News | Tags: , , , , , , , , |


Join the thousands that have made a resolution to take back their piece of mind and move forward with Home Loan Resolution!

Our Mission is simple, we help our Clients save their homes and commercial building owners save their businesses from bankruptcy and foreclosure, by conducting a complete and thorough Forensic Loan Audit using their original loan documentation. Our Company then prepares a complete case analysis and delivers a completed “Case Binder” to the attorney of your choice.

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