Saving For The First Home
July 18, 2008
Hopeful first time home buyers are going to benefit from a long forgotten art of building a savings to buy your first home. It will be difficult and it will take time, you may not be able to buy your dream house as soon as you want; however, in the end you will save tens of thousands of dollars and have a significantly higher level of financial flexibility. At one time saving up to buy a home was a rite of passage for those in their twenties. As home prices soared over the last decade it has become... Read more »
Austin Neighborhood Profiles : Allandale
July 18, 2008
Allandale is the name of a lovely neighborhood in central Austin, although the area was originally considered to be northwest Austin, before Austin’s expansion into a large metropolitan area. Allandale recently celebrated its 35th anniversary as an active central Austin community, and the Allandale Neighborhood Association has been a presence in the neighborhood since 1973. Currently, Allandale is home to over 21,000 residents, and two of the boundaries of the neighborhood are the MoPac Expressway... Read more »
All Fort Lauderdale Real Estate Area Homeowners In Foreclosure Need To Hear This
July 15, 2008
It’s bad enough that you are in a predicament like foreclosure. The pain and frustration of not knowing what to do can be maddening. Don’t compound matters by getting involved with a real estate agent who does not have the experience or know how to help you. The government has recently made it easier to resolve your foreclosure by enacting the the Mortgage Debt Relief Act. This allows a homeowner in foreclosure to avail themselves of the short sale method of resolution to sell the property. While... Read more »
Things you ought NOT to do if you want to stop foreclosure
July 14, 2008
Things you ought NOT to do if you want to stop foreclosure on your home Life is full of uncertainties and any event such as job loss, divorce, relocation, prolonged sickness, etc. could adversely affect us. The financial repercussions of such unfortunate events may force you into a situation where you are unable to make your monthly homeloan repayments. If you are a victim of such unfortunate circumstances, and have already missed three or more months of homeloan repayment, you could be faced with... Read more »
Ways To Get A Down Payment
July 14, 2008
In the recent past it was not uncommon to find no-down payment loans from lenders for homebuyers. Unfortunately lenders are tightening standards and requiring a down payment of some degree. This is making it a little more difficult for the first time homebuyer to get into home ownership. Today it is difficult to find a zero-down loan program and lenders are making it advantageous for the buyer to have a down payment. The obvious advantage is in the amount being financed; the more money down, the... Read more »
Threatened Buyer Assistance Programs
July 14, 2008
Saving a substantial amount of money for a down payment on a house is not always plausible in today’s economy with raising food and gas prices. Many people today are living paycheck to paycheck and are not able to save for the required down payment that is often up to 20 percent of the price of the house. Without a substantial down payment people often have to resort to less attractive loans with adjustable interest rates. Adjustable interest rates have led to many families losing their... Read more »
Figuring Out Your Credit Score
July 14, 2008
One of the first things a lender will do before granting a loan for a home is to run a credit check on the buyer. This will help them assess they buyer’s ability to pay a loan and see how they have managed their bills and money in the past. A credit report will show the money that comes in and goes out and how much a buyer will be able to afford. There is a lot to be told with a simple credit report. Yet so many first time home buyers have no idea what their credit score is or even how... Read more »
Three Things To Consider Before Buying Real Estate In Eastern Europe
July 14, 2008
More and more people are realizing that it’s not just the American real estate market that’s turned into a buyer’s market. The East European real estate market is also benefiting from a housing boom and many Americans are discovering that a European vacation home is well within their reach. Real estate in Eastern Europe is in a unique situation. Real estate properties are currently low enough to be attainable, yet are rising quickly enough to offer a healthy return on the investment. Soaring... Read more »
Making the Most of Someone Else’s Bad Luck: Foreclosure Investment Opportunities
July 13, 2008
A foreclosure on a property can be an ideal investment opportunity, if you know how to sort out the good ones from the bad. The foreclosure investment game isn’t about just snapping up the first bargain that comes up at auction. To take strategic advantage of a foreclosure investment opportunity, you will need to keep a few things in mind. It’s important to consider the quality of the property in question, its location (which includes the amenities of the neighborhood), any liens on title,... Read more »
Austin Real Estate Market Steady
July 12, 2008
After a rather neutral start in 2008, the real estate market for residential homes in Austin has increased its inventory of homes for sale, according to statistics from the Austin MLS. This is happening despite a continuation of one of the highest metropolitan growth rates in the country and a strong and growing local economy. According to different Austin real estate agents, bad economic news from other parts of the country are causing prospective buyers to hold off as they wait and see what the... Read more »
