Today I learned something no so surprising. CEO of ForSalebyOwner.com, Colby Sambrotto sold his home using a Realtor! said the article title. He’d used his FSBO site for 6 months, then listed the property and sold it in weeks, …. for thousands more than he’d been asking no less. Why is this NOT surprising to … More For Sale By Owner com Founder used an agent
Its not the same as going to a garage sale – here, you want more than just the “garage” ! Yes you need qualification to buy, but as a buyer, you also want a mapped out strategy and the tools in hand to execute it. When we submit an offer, well typically be ready to … More 5 things needed to make an offer
In case you wondered. I’m thinking I’ve counted well over 100 on most. more ps: 33 Steps REALTORs® do to complete a Purchase .
Why I Love Referring People to Others When I give someone a referral, it says that I trust that the person will do as thorough a job as I would. I don’t pick names out of a hat. I research who they are, what markets they work in, what type of personality they have, how … More Yes, we can help you out of our local area.
… In theory, it should be a good time to buy a home. In the worst-hit areas, properties have lost more than half their value. Yet as the average 30-year mortgage rate has slipped below 4 percent, the combination of employment insecurity and unusually tight standards for lending are discouraging buyers en masse. Lenders are … More Why Home Prices Won’t Bottom
Effective April 1, 2009, FHA appraisers must now provide the following: The Market Conditions Addendum (Fannie Form 1004MC/Freddie Form 71) At least two comparable sales that occurred within 90 days of appraisal date A minimum of two active listings or pending sales in addition to the three closed comparables Bracketed listings using both dwelling size … More FHA APPRAISAL REQUIREMENTS
“We’re looking at more price drops, more foreclosures,” said Rick Del Pozzo, a loan broker. “This snowball that’s been rolling downhill is going to pick up some speed.” For the last three years, federal agencies have backed new mortgages as large as $729,750 in desirable neighborhoods in high-cost states like California, New York, New Jersey, … More Federal Retreat on Big Loans Rattles Housing
The states with the most distressed housing inventory are New Jersey, Illinois, Maryland, and Florida,… read more
Despite record affordability of homes, buyers are still spooked and staying on the sidelines ..Existing home sales plunged nearly 10 percent in February to their lowest level in nine years. It was the largest drop since July. Forty percent of those sales were on distressed properties. And new home sales are on track to come … More For real estate, a giant spring clearance sale
YAHOO’s reason for not buying, and a Realtors rebuttal. Obviously, having been a long time owner AND landlord myself, do you think I’d rent at a loss to you making it better for YOU to rent ? Please, after having rented to 50+ parties, I’ll own & gladly rent to you. Noted omission to reasons … More “Why I Am Never Going to Own a Home Again”
How might home buying change if the federal government shuts down the housing finance giants Fannie Mae and Freddie Mac? The 30-year fixed-rate mortgage loan, the steady favorite of American borrowers since the 1950s, could become a luxury product, housing experts on both sides of the political aisle say. Interest rates would rise for most … More 30-Year Mortgage May Fade Away
………..What to Watch: Signs of an improving market: three straight months of rising sales and a decreasing inventory of homes (a six-month supply is considered healthy; today it’s 11 months). A local agent or realtor’s association can supply you with that data. Action Plan: Buyers. Don’t try to time the market perfectly. Even if prices … More Make Money in 2011: Your Home
But now thousands of foreclosures around the country may be invalid because of bank paperwork problems. Should you worry? “Anyone who’s purchased a foreclosed property in the last three years should really be concerned,” says George Babcock, a Providence, R.I., attorney who represents homeowners who have been foreclosed on. “They should call the attorney that … More So you bought a foreclosed home. Now what?
Step 1, look at the list of offerings… http://www.michigan.gov/taxes/0,1607,7-238-43535_55601_55604—,00.html #2: look up the property online/ local gov’t office/ physically inspect in person #3: review the FAQ’s then go bid – OR send us on your behalf. Subdivision plat maps for the entire state are available via the Department of Energy, Labor and Economic Growth (DELEG) … More Tax Auction Sales coming up, Call if you need a rep!
ALTA’s expanded coverage policies cost about 10 percent more, but offer significantly more benefits. For example, the policies will pay up to 125 percent of the original insurance amount in case of claims to help account for inflation. Other expanded coverages include: encroachments on the land made by neighbors after the date of the policy, … More American Land Title Association (ALTA) policy, gives more coverage
Housing Markets That Will Be Strongest by 2014 By Venessa Wong, Bloomberg Businessweek Aug 4, 2010 Since reaching a peak in 2006, home prices in the Detroit area have fallen 60.5 percent, according to the Fiserv Case-Shiller Indexes. As homes have become more affordable—the median home price in Detroit is lower than median family income—demand … More Detroit area long term prices headed up.
Some interesting posts I’m passing along… “…REO addendum are very extensive and put a lot of responsibilities and costs on the buyer “…I’ve sold quite a number of REO’s to buyer clients. Prior to showing these properties I explain that if an offer is written, the bank will send us back their addenda, which will essentially … More REO bargain hunting ? READ THE FINE PRINT
There is no excerpt because this is a protected post.
So how big is the “shadow” hanging over housing? A recent Zillow.com survey shows 8% of homeowners, or about 10 million Americans, are “very likely” to sell if and as local conditions improve.