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Save Thousands
of Dollars When Buying a Home
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This
FREE no obligation easy to understand report provides simple
steps that will amaze you how easy it is to save thousands of
dollars when buying a home.
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BEWARE!
13 Extra Buyer Costs You Need to Know About
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| This FREE
no obligation report let's you know about 13 extra buyer
expenses you need to know about before you start your home
search. |
| This FREE
no obligation easy to understand report and DVD provides simple
ways to avoid 9 buyer traps that most buyers fail to navigate
before they happen.
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FREE Special Report
"6 Things You Must Know Before You Buy"
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Discover how to avoid these costly mistakes.
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| This report clearly
identifies potential trouble-spots, and lays out an easy-to-follow
step-by-step system to help you get the most money for your home |
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Online Appraising:
A Thing of Value to Whom?
Looking
online at the value of real estate and
the process has been illuminating --
arguably not accurate or especially
useful, just illuminating.
If you want a satellite photo of a
home, there's no shortage of locations
that can provide such art, much of which
is excellent. If you want a street map,
that too is easily found online.
But when it comes to figuring out
the market value of a property -- the
magic question of how much to pay or how
much to accept -- a recent look at
online valuations was wildly
disappointing.
For one property I checked the value is
some $90,000 below the price paid last
summer. Everyone seems to know the
number of baths as well as the size of
the property, but no computer seems able
to fully value a home that backs up to a
creek or has a hot tub on the deck. For
this, apparently, you need human eyes.
Then there is a Cape Cod home which sold
last year for $485,000 and now, says the
computer, is worth a mere $429,000. This
would no doubt amaze
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"Cash-out" Refinancings are Nearing
an All-time Record
American
homeowners are on the verge of setting a
new record in a key mortgage market
measure: Cash-out refinancings.
The latest quarterly study by
mortgage market giant Freddie Mac found
that four out of every five homeowners
are pulling out extra money -- often
tens of thousands of dollars -- when
they refinance their existing loans.
The 80 percent figure is the
second highest rate on record, according
to Freddie Mac chief economist Frank
Nothaft, and is just one point below the
record rate of 81 percent set in
mid-2000. Equally significant, the rate
of cash-outs soared by 24 percentage
points in the past 12 months alone -- up
from 56 percent in the comparable fourth
quarter period of 2004 to fourth quarter
2005.
Moreover, cash-out refis are
booming in spite of a half percentage
point increase in 30-year mortgage
interest rates during the past year.
Normally refinancings decline when rates
go up, but they accounted for nearly
half of all mortgage applications during
the fourth quarter of 2005. Most people
who did cash-outs last quarter actually
increased the note rate on their loans,
rather than decreasing them, which is
the customary purpose of a refinance.
What's going on here? Are
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Decorating in Small Spaces
Sometimes
smaller is better, especially when it comes to
space.
Think cozy and quaint rather than throwing
your hands up in the air and screaming: "Oh it's
so cramped! I give up!"
There's no need to be discouraged. In
fact, decorating a small space can be a fun
challenge that requires you to be more
innovative than ever.
Start out by acknowledging the many
advantages inherent to small homes. Small rooms
generally require fewer furnishings and
accessories, so your decorating budget can get
you a little further. Small rooms can also
inspire you to do something we all need to do:
get rid of clutter.
Since storage space in small dwellings is
likely limited, getting rid of unnecessary items
is a must. However, people living in larger
homes with plenty
Daily News and Advice
Read about the events
shaping the Real Estate market today,
find current interest rates, or browse
the extensive library of advice and
how-to articles written by some of the
top experts in Real Estate. Updated each
weekday.
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Equal Housing Opportunity
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Free Online Home
Valuation
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free no obligation home valuation. |
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Your Home
Didn't Sell. Do You Know Why?
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| Your home
didn't sell or your listing expired. It likely wasn't your home.
We can show you why with a FREE DVD and report, How to Sell a
Home That Did Not Sell.
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How to Get Your
Asking Price in a Buyer's Market
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FREE no obligation report and DVD showing you how to get your
asking price in a buyer's real estate market. |
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27-Keys to
Selling Your Home
Quickly and for Top Dollar
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FREE no obligation report and DVD explaining the 27-keys to
selling your home quickly and for top dollar.
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11 High Cost Inspection Traps You
Should Know Weeks Before Listing Your Home For Sale
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| To
help home sellers deal with this issue before their home is
listed, a free report entitled "11 Things You Need to Know to
Pass Your Home Inspection" has been compiled which explains the
issues involved. |
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Everybody's
looking for a good deal. Sellers
want the highest price possible
and buyers want to buy a house
below asking price. They both
want the same thing -- a good
deal. Following years of a
sellers market, many consumers
are facing a more normalized
market across the country.
Particularly, in large
metropolitan markets, the
normalizing of the market has
created a wait and see attitude
on purchasing or selling real
estate. 
