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Real Estate Information
Can I Sell My Private Mortgage Notes?
In this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing.
How to Prequalify a Buyer When You Sell Your Home By Owner
Before we get to the math there are a few terms you should understand. The first is PITI which is nothing more than an abbreviation for "principal, interest, taxes and insurance. This figure represents the MONTHLY cost of the mortgage payment of principal and interest plus the monthly cost of property taxes and homeowners insurance. The second term is "RATIO". The ratio is a number that most banks use as an indicator of how much of a buyers monthly GROSS income they could afford to spend on PITI. Still with me? Most banks use a ratio of 28% without considering any other debts (credit cards, car payments etc.). This ratio is sometimes referred to as the "front end ratio". When you take into consideration other monthly debt, a ratio of 36-40% is considered acceptable. This is referred to as the "back end ratio".
Purchasing Property With No Money Down: My Personal Experience
Have you ever seen those infomercials about buying houses with ?No Money Down?? They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. You see this guy, standing on a street corner, talking to someone, and he says, ?I own that one,? pointing to a beautiful colonial. ?I also own that one next to it, and the one two doors down, and I?ll be closing on the one directly across the street from it, next week.? He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases he?s also paid no closing costs.
Budgeting Your Log Home: Where Do You Start?
The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. If you are shopping for a milled log package (as opposed to hand-crafted, which is a totally different category), the difference between one manufacturer's price and another is minimal when compared to the total cost of the structure. Here are some reasons why:
How to Get Financing after Filing Bankruptcy
If you're thinking about buying a home but have declared bankruptcy in the past, don't give up hope. There are still ways for you to be able to find a loan, even if your credit history is less than sterling.
Joint Ventures In Real Estate Development; So How Do They Work?
There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture.
How to Price Your Property?
A house properly priced is half sold. But there are plenty of ways to price it improperly.. * You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time.. On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale.). * You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you.. * You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay.. So how do you price your house?. By putting yourself in a buyer's shoes.. What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?. Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis. . And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?.
How to Make the Real Estate Market Work For You and Get The Most Money
How to make the Real Estate market work for you and get the most money.
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...
Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced properties are available if you know how to buy them.
Real Estate: Reasons and Priorities for Purchasing Property
Real Estate: Reasons and Priorities for Purchasing Property. It?s not just about Real Estate as an Investment.
A Powerful Suggested Technique for YOUR Home & Property Search
A Powerful Suggested Technique for YOUR Home & Property Search
Horses In My Back Yard
Horses In My Back Yard
How To Give Yourself A $20,000/Year Raise Without Asking Your Boss
Why without asking your boss?
How Do I Implement The Lease Purchase Plan?
Well, as we have discussed in previous newsletters first you have to set up goals for yourself, both long term and short term. Don?t forget these goals define how your business is run. They will determine what you do on a daily, weekly and monthly basis. The best way to do this is to picture yourself a year down the road. Close your eyes and get a mental picture of where you want to be, what you want to have, how you want to look, then open your eyes and write all that down on paper or speak into a voice recorder.
How I Became a Real Estate Investor
Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals.
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Real estate spotlight, May 18, 2012Seattle Post IntelligencerBy AUBREY COHEN, SEATTLEPI.COM STAFF Our latest spotlight gallery focuses on a classic home with many updates: 1212 McGilvra Boulevard E., in Washington Park. The 4253-square-foot house, built in 1938, has five bedrooms, 3.75 bathrooms, fireplaces in ... |
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Keystone Real Estate: Give your property an advantageSummit Daily NewsBy Craig Walsh In a perfect world for sellers, every real estate sales transaction would be a cash deal — whether primary, secondary or an investment property. These would be perfect buyers who could easily pay full price for each property — again, ...and more » |
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Summer real estate market should show "modest gains"The Augusta ChronicleBy Gracie Shepherd The summer housing market is warming up, and local real estate agents and industry experts predict improvement this year. Real estate agent Rose Marie Marshall (left) shows Lourdes Berros-Ramos a home in the Windmill Plantation ...and more » |
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Giving Back: Considering real estate for charitable givingSummit Daily NewsGifts can be made of securities, personal property such as jewelry or artwork and, increasingly, of real estate. Real estate comprises over 35 percent of US household assets and is a major holding on the balance sheets of many donors. |
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FHA may ease mortgage rules for condosThe Seattle TimesAccording to condo experts, real-estate agents, lenders and builders, the rules have become overly strict and have cut off buyers from their best source of low-cost mortgage money, frustrating the real-estate recovery the Obama administration says it ...and more » |
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In days of booming real estate, you would think that selling a home shouldn't be too much of a task. And if it's going to be that easy then why not do it on your own and save yourself on thousands of dollars in commissions. Well, you would be right in thinking so! Selling a home on your own has become much easier these days compared to earlier and it's something that has been done successfully in the recent past by many homeowners. Nevertheless, you cannot totally eliminate the 'option' of considering the services of a real estate agent. It's worth a try selling your home on your own but if things don't seem to work out then it's best to go back and rely on the services of a trusted agent you know.
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How to Negotiate a Successful Short Sale
Anyone who has ever profited from doing a short sale has also without a doubt had one or two rejected at some point. Guess what? It is just the nature of the beast?As with all types of sales; you're playing a numbers game.
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