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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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Should I Take My Home Off the
Market During the Holidays?
When
you look at your calendar you
may find the months already
overloaded with seasonal
obligations -- shopping,
entertaining, children's
pageants, charity work,
decorating the house, and so
much more. If you are also
trying to sell your home, you
are under extra pressure to keep
your home in "showtime"
condition. And that could be the
last thing you need before the
holiday spirit is broken.
It is understandable why
you would be tempted to take
your home off the market during
the holidays. And the list of
justifications is long. If you
are too busy, buyers may be
also, and you may find your
efforts unrewarded by enough
showings. And what if you do get
an offer? You may be faced with
the possibility of packing and
moving during the busiest time
of the year. Besides, you can
give your house a rest, and it
will have better momentum after
the holidays.
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September results were
again “flat”, as there
were 5,114 closings for
single family or a
decline of 1.3% from
the same year ago
period. However, after
lagged closings are
reported we will be
positive.
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Interest Only Loans:
The First-Time Home Buyer
First
let's define: An interest-only loan is
mortgage that allows the borrower to pay
only the interest charged for a
particular period. This makes for a
considerable lower payment because the
principal balance is not curtailed.
Check out the difference: The
principal and interest (P&I) payment on
a $300,000 loan amortized over 30 years
at six percent is $1,799 per month. If
you were to pay only the interest on the
same loan, the payment would drop to
$1,500.
Interest-only loans are widely
available these days because lenders
react to market demand. The plain fact
is that i/o loans have grown
considerably in popularity. If you
examine what has transpired in the
housing market over the last few years,
it's no wonder i/o loans are a big hit.
Consider the following:
The upward spiral on home prices has
made housing less affordable. An i/o
loan allows a buyer to afford a bigger
loan to buy a more expensive house.
The rock-bottom interest rate
environment encourages an interest-only
mentality. People are thinking, "Why
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Home Equity Credit Lines Booming With
Home Values
With
home values ballooning upwards in dozens
of markets across the U.S., an
already-popular real estate finance tool
has begun to produce loan origination
volume that is off the charts.
New home equity credit lines taken
out at banks and mortgage companies
soared by 77 percent during the first
half of 2004, according to a new study
by the Mortgage Bankers Association of
America. Dollar volume of new credit
line applications jumped by 106 percent
-- more than doubling within a six-month
period.
According to MBA researchers, the
average credit line limit at application
increased from $71,932 at the beginning
of the year to $83,630 by July -- a 16.3
percent jump. The average initial
drawdown on the line at settlement rose
to $45,884 at mid-year versus $42,523 at
the beginning of the year.
What's going on here? Are American
homeowners turning into equity line
junkies, hocking their houses to the
hilt? Hardly, say mortgage market
economists and financial analysts. With
the average US home's market value up by
44 percent during the past 60 months
alone, according to federal government
data, homeowners recognize that they
have comfortable equity cushions to tap
if they choose to. Many owners in
California, the
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Don't
Judge Tile
By Looks Alone
Tiling
your floor? Don't fall victim to its pretty
looks alone or you may have to pay to re-do it
in a short period of time.
Tile may look beautiful but if it is not
durable, its looks will quickly fade as chips,
cracks and other unsightly marks begin to
appear.
Special care must be given when choosing
floor tile. If you're in the market consider
whether it's a bathroom or a high traffic area
such as the entryway that's going to be tiled.
Is it outdoors or indoors?
Many people lay down tile only to have it
lift or fade. Choosing the right materials and
the right people to do the job can save money
and stress.
"If someone is looking for something
that's really easy maintenance then a
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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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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| Receive a
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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