Real estate property listings, real estate agent, and real estate search guide
Stimulus plans, band-aid solutions for struggling homeowners and short sighted solutions are not going to get our country out of this current housing crisis. We need to give the system an enema. Gross? Maybe, but I can’t think of a better analogy for what’s happening, and what needs to happen.
Housing Market is in Internal Distress
Continue reading ‘Give The Housing Market an Enema – It’s Full of Crap!’ »
In this challenging economy there are many homes coming available due to foreclosures. As buyer, there may be opportunities to buy in your area as a result. You can purchase homes in foreclosure at different stages in the process. Properties can be bought before the foreclosure procedure is completed, at bank auctions, or homes that don’t sell at auction as REOs. All these types of sales can be complex to complete so be sure to hire an agent who has experience with your particular type of situation.
To avoid foreclosure, sometimes a home owner will accept a buyout on their property for less money than is owed to their lender. This practice is called short selling because the owner is selling their property for an amount short of what is owed on it. Sometimes this happens to avoid foreclosure, though it can also happen in the case of fallen property values. Be aware that short sales can take longer than regular sales to close.
If you’re getting ready to make a real estate purchase, you may be wondering whether it’s a better deal to buy new construction or an older house. There are benefits and drawbacks to both types of property, so it’s important to weigh your options carefully before making an offer.
Older homes have a classic lived-in charm about them. They’ve been built using long-lasting materials, and with great attention to detail. They’re also filled with the memories of homeowners past, and have stood the test of time.
Continue reading ‘Something Old or Something New: Which Home is Right for You?’ »
If you’re a bank, things are looking up! The $700 billion from the Troubled Asset Relief Program (TARP) has largely gone to buoying up financial institutions with some help to the struggling auto industry as well. So if your name is Bank of America, Citigroup or GM then congratulations are in order. In fact, over $25 billion have been eagerly repaid by those institutions who are stockpiling funds and do not want to have any government oversight of their business. Go banks!
But—if you’re a homeowner or a potential homeowner, an average American, or a small business then the news isn’t all that great. From where I often sit behind the desk of a real estate radio show and podcast, it looks pretty discouraging. The real estate system is starting to move homes, but lending requirements are stricter than ever, and even high FICO and truly qualified buyers are not getting approval. It seems like we’ve created a system in which no one is deemed qualified. Brilliant.
Continue reading ‘TARP Money and Credit Card Debt: The $700 Billion Elephant in the Room’ »
Situated on the southern tip of India alongside the azure Arabian Sea, Kerala is a picturesque travel and tourism destination of the country. It is one of the most charming and captivating states of the country. It is globally famous tourism destination in the country with lots of catchy attractions like beaches, backwaters, hill stations, houseboat, wildlife parks & sanctuaries, lakes, waterfalls, tea gardens, spice plantations, rubber plantations, temples, forts, places, churches, culture, tradition, art & architecture, etc. Unique cultural and geographical features of the state make it one of the most popular tourism destinations in the country.
Kerala, God’s Own Country, steal the heart and grab the attentions of visitors with unique ecosystem. Tourists can see excellent example of ecosystem while explore the attractions of the state. Unique culture & rich art & architecture never fail to impress visitors. Fairs & festivals of the state are worth witnessing and enjoying. Tourists have wonderful opportunity to observe the rich culture and tradition of the state during the seasons of fairs and festivals. Cuisines of the state are simply lip-smacking and enough to increases the appetite of tourists.
Continue reading ‘Travels & Tours in God’s Own Country, Kerala’ »
If you have been thinking about jumping on the foreclosed homes bandwagon and making some pretty good money off of these homes then it may seem like a simple process. Get a foreclosed home listing, make an offer close to the listed price and cash in. Unfortunately as with anything in life it is not quite that simple. The great news is that while you probably won’t make big money all that easily with some hard work and a little knowledge you can cash in on one of the hottest foreclosed homes markets we have ever seen. The key is to avoid 3 of the big mistakes many new investors make when setting out on making their fortune in real estate investing
. Mistake 1 aE” Using the bank’s sale price. Many new investors often use the bank’s price on a foreclosure listing as a method to decide what they will offer for the home. Here is a common scenario, take the banks listing price on the foreclosure and reduce it 30% to make an offer. While this is a simple method and appears you are sure to get a deal there is one problem. The bank’s listing price may or may not have anything to do with the value of the home. I recommend that you completely ignore what the foreclosed home is listed for and only use your own due diligence to analyze the deal. First you should calculate the market value, then take into account any repairs needed and lastly build in your profit. This should be the only offer you should make on a bank owned home, or any other home for investing purposes for that matter.
Continue reading ‘3 Rookie Mistakes When Buying Foreclosed Homes’ »