“More than 42% of prospective homebuyers polled by Zillow believe home values will appreciate by 7% annually in the years ahead.” Seriously? Apparently so…this according to the recently conducted poll of 177 people who said they were planning to buy a home within the next three years. “It’s troubling that we’re still in the midst of one [...]
Archive | October, 2011
A Graphic View of Mortgage Rates Over the Years
Sometimes a picture is worth a thousand words…we’re all used to hearing about “historically low rates” but what does that mean to a generation of folks that don’t really understand where rates were in the past? Even for folks that have been around, have past rates been completely forgotten about? Here are two charts that [...]
Occupied Distressed Homes Worse for Values than Vacant Homes
Many areas of Atlanta are experiencing the same issues with foreclosures and distressed properties as others around the country. Distressed homes (foreclosures – short sales – loan mods) and bank owned homes obviously hurt neighborhood value and appeal. Now a study conducted in Cleveland seems to assign tangible impact levels; while far from definitive, it [...]
Sales Up in Atlanta, Values Down
A good news – bad news post. Homes sales in metro Atlanta were up about 25% from the same month last year, that’s above the national average of about a 15% increase. Remember though, the government incentives intended to jump start things in ’10 were ending about this time last year. Regardless, any positive move [...]
How to Stop the Drop in Home Values
The challenges facing this economy are diverse, complicated and enduring. Over the last several years and two administrations, the bleeding has continued unabated. Despite billions of dollars tossed at the problem, schemes to increase employment and opinions from economic experts on how to dig out, the country remains mired in the economic mud. A critical component [...]
18% of NAR Members Reported Their Most Recent Sales Contract Did Not Go To Closing
The September 2011 REALTOR® Confidence Index released by the National Association of Realtors® revealed that 18% of NAR Members indicated their most recent sales contract did not end a real estate closing. The cancellations were due to appraisal issues (3%), potential buyers not being approved for mortgage financing (4%), or other problems (11%.) Real estate [...]
Money for Visas Real Estate Program Not Well Received
A few days ago I asked what you thought of the new bill that would allow Visas to any foreigners who could and would spend $500,000 in cash on U.S. real estate. I asked what you thought about it… Now word is in about what other people think about it – and so far, it’s [...]
How do I short sale my house in Maricopa Arizona
How do I short sale my house in Maricopa Arizona I get asked this question daily it seems like in Maricopa Arizona. The answer is complex, as I want you to stay in your home if possible. If you have not missed any mortgage payments I would recommend that you see if you can do [...]
Mortgage Rates Are Low But…Will They Go Lower?
Subscribe Mortgage rates have been hitting historic lows for five weeks in a row. But that doesn’t mean you should refinance your mortgage just yet. The average rate for 30-year-fixed-rate mortgages fell to 3.94% for the week ended Oct. 6, according to mortgage-finance giant Freddie Mac—the lowest on record. Rates on 15-year loans, meanwhile, have [...]
Benefits of a Deed in Lieu with a Waiver of Deficiency in Florida
As Florida homeowners, we are sometimes placed in situations where we are left in financial distress, questioning if thedecisions we’ve made are for better or for worse. We’ve all faced, or are facing what is known as the famous “fork in the road”. Well, let me tell you something! When it comes to that fork [...]
It’s Time to Buy That House
Those of you that have worked with me or read my posts over the years know I’m not a mouthpiece for the real estate community; I don’t march in lockstep with what the various real estate industries put out. I don’t think everyone should own a home; I don’t (and never did) think a home [...]
How Do You Feel About This New Bill?
On October 20, Senators Charles Schumer and Mike Lee introduced a bill that would give automatic tourist Visas to foreign home buyers who pay cash for at least $500,000 in U.S. real estate and agree to spend at least 6 months per year in the U.S. $250,000 of that would have to be for a [...]
Unfair Business Practices Apply to Real Estate Agents
Unfair Business Practices in Ontario (Real Estate Agents and Consumer Protection) By Brian Madigan LL.B. The Business Practices Act was a very good piece of legislation, but not too many people knew about it, so last year the Ontario Government replaced it with the Consumer Protection Act. When it comes to real estate there [...]
Mortgage Rates Stay At All-Time Low, Spur Interest in Refinance Proposal
Those in the real estate world have been paying attention over the past few weeks to the basement-level state of mortgage rates, which hit a historic low earlier this month. While they are currently above that mark of 3.94%, they are still not far above the previously-unheard of mark of 4%, standing firm at 4.11% [...]
First Time Homebuyer Interest in Short Sales Plummeting
The Convoluted Process Is the fact that first time homebuyer interest in short sales is plummeting a big surprise? The Atlanta real estate market is loaded with short sale “opportunities”; which is a liberal use of that word. Many short sales are simply a maneuver to extend an owner’s time in the home. By offering their home as a short sale, [...]
app orchard
Buying or selling your house? There’s an app for that. Well, not exactly, but there’s plenty of high-tech help available to guide you through the process. The iZillow app gives you access to date on more than 80 millions homes, including square footage and an estimate of fair market value. Take a drive around your [...]
Who Gets the Money When the Property is Sold?
Priorities Upon Sale (Mortgage, Lien, Execution) Ontario Real Estate Source By Brian Madigan LL.B. What happens when there is a mortgage, construction lien and execution against the property? How does the money get distributed? Let’s consider the simple straightforward case. Here, the property is worth $300,000, and the buyer secures a first mortgage of $250,000. [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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