Buying Properties - 3 Things That You Need To Do Before Buying Properties
July 25, 2008
Are you intending to buy a property in the near future? If you intend to, then there are things that you need to prepare before you buy a property. Today, if you flip through your local newspaper or browse through the different websites online, you can see that there are always new properties for sale listings being put up by sellers. Sometimes, you are presented with so many choices that you will not know which offer or property that you should look into. Therefore, this article is to help you... Read more »
How California’s New Programs Will Work For The First Time Home Buyer
July 24, 2008
The program launched by California’s Governor reduces the interest rate on 30 year fixed mortgages to a below market rate. This is aimed to help the first time home buyer purchase targeted foreclosed homes in certain areas of California that has been hit hard by the foreclosure crisis. These homes are reduced to bargain prices to make them more attractive to the first time home buyer. First time home buyers purchasing a home to live in as their primary residence are eligible for the program.... Read more »
In Every Tragedy, An Opportunity: Capitalizing on Foreclosures in the Myrtle Beach Market
July 22, 2008
It’s no secret that the current housing market is a disaster for lots of home owners. Whether they got a “liar’s loan” that they can’t afford any more, or they were one of the people with a house “in the air” when the flipping craze crashed on them, there are foreclosures happening all across the US. Even in a market as dynamic as Myrtle Beach, there are people who can’t keep up with their mortgages. There are three stages in the foreclosure process... Read more »
Failing Banks? What It Means For The First Time Home Buyer
July 21, 2008
It is the opinion of many people that the government, despite what the President may say, will in fact bail out mortgage high players Fannie Mae and Freddie Mac. For these companies to fold would be detrimental to the economy. But what exactly are Fannie Mae and Freddie Mac and what do they do? Simply put, a home buyer achieves a mortgage from a lending institute and Fannie Mae or Freddie Mac purchase the mortgage to then resell it again to investors. They receive money from the sale to the first... Read more »
Opportunities for First Time Real Estate Investors
July 21, 2008
For some home owners, the downturn in the real estate market presents an opportunity they may not have enjoyed during the boom time. Home owners with some equity in their homes and adequate income may want to invest in a rental home. With so many foreclosures on the market this may be an open window for future returns from real estate investment. But, like most windows, this one too will close. So, it’s good for potential investors to do the research and act in a timely manner. Numbers in the... Read more »
Mail Order Home Kits - Sear Roebuck Homes Still Stand Proud
July 21, 2008
“After some consideration, I think I’ll choose the Modern Home No. 146. The Saratoga has a lovely wide front porch and the redwood siding should endure for many decades.” This was, perhaps, the thinking of thousands of families who bought their homes from the Sears Roebuck Houses by Mail Catalog - a phenomenon of the early 20th century that delivered kit homes stacked onto rail cars to families across America. Between 1908 and 1940 about 100,000 families perused the architectural... Read more »
Swooping In at the Lower Prices
July 21, 2008
Even while the rest of the country is suffering under the deflated economy and woeful real estate market situation, there will always be those individuals who can afford to purchase. And now, with the rock bottom home prices, the time to buy real estate has never been better. Real estate investors are being wooed to purchase more and more properties at a fraction of the cost they would have held during the booming years. One example of the lure of deflated real estate costs can be found in South... Read more »
Will A New President Help The First Time Home Buyer?
July 18, 2008
According to a survey conducted by Harris Interactive, commissioned by Move, Inc. and released today, about 44 percent of all home buyers feel that the housing market will improve with a new President taking office. At the same time the majority of home buyers are nervous about the housing market and report barriers between them and becoming a home owner. These barriers are the cost of down payments, annual incomes and a lack of confidence in today’s economy to name just a few mentioned.... Read more »
Barriers To First Time Home Buyers
July 18, 2008
First time home buyers are facing a number of barriers to becoming first time home owners today. Included in these barriers is the current market, the increasing cost of a down payment and a lack of confidence in today’s economy. These barriers are very real to everyone looking to buy homes; however, they are not insurmountable. Most adults admit to finding home buying intimidating and money related issues are a big concern that often makes the potential home buyer back off. Many have concerns... Read more »
Mortgages Are Hard To Obtain For The First Time Home Buyer
July 18, 2008
Talking to many people today they are looking forward to becoming a first time home owner and with the prices of homes sinking rapidly they think it is a great time to buy. Homes that would previously be far out of reach are now becoming more affordable, to the excitement of the potential first time home buyer. Unfortunately, according to several reports, mortgage insurers have been upping their standards in the United States. What this means for the first time home buyer is they have to be at... Read more »
