How to be a Smart Home Buyer in the 2009 Housing Market
Posted on November 9, 2009
Filed Under Home Buying | Leave a Comment
Home buyers need to be savvy to selling strategies by owners.
So, you’re trying to buy a house in a new neighborhood. You’ve read the listing backwards and forwards and know the listed asking price. Think you are being smart by offering that price or maybe even lower? Not necessarily.
Advertised listing price – solid deal or just a starting point?
 Smart Home Buyer |
These days buying or selling a house can seem to be a very complicated procedure for either party. With many homes going unsold for months and others ending up in foreclosure, buyers may believe that they don’t have to make an offer on a home that at least equals the listed price.
The truth is, there is very strong competition amongst people looking to buy homes because many of them are anxious to make their deals final before the Nov. 30 tax credit deadline. They fear that commercial investors will beat them to what they see as rock bottom property selling prices.
This is causing some markets to end up with homes getting multiple offers that may equal much more than the listed cost.
6 Signs That You Are Ready to Buy a New Home
Posted on November 2, 2009
Filed Under Home Buying | Leave a Comment
The Dilemma Over Buying a Home
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Knowing when you are ready to buy and own a home is half the battle.
Whether you are planning to upgrade from a rental to your own home or if you plan on moving to a bigger home, the task is daunting.
However, you should be aware that you are never the only person looking to buy. There are plenty of people and resources available to help you.
Buying a home should be based on need and financial preparedness. There are six clear indications that can help tell you it is time.
Continue reading this post…
Investors Maximize Profits by Investing in Foreclosure Market
Posted on October 19, 2009
Filed Under Foreclosures, Investing | 2 Comments
As the number of property foreclosures rise, more real estate investors are looking to profit. Now, in 2009 and soon in 2010, we reach a prime time for serious investors to make a huge profit on bank owned properties.
There are over 6 million opportunities in the US to buy a foreclosed or bank owned home.
- There are 2,116,648 pre-foreclosures
- There are 1,245,927 bank owned property auctions
- There are 1,605,916 real-estate-owned properties
Christian Chase, president of Naperville-based Chase Real Estate and home foreclosure expert, has said:
“If you’re an investor, this is the best real estate foreclosure market in 13 years. If you’re a homeowner, it’s the worst market in 13 years.”
Let’s figure out how to make the most of this perfect foreclosure investment market.
How to Handle the Housing Market for the Next 4 Years
Posted on October 17, 2009
Filed Under Investing | Leave a Comment
 Buy Low Sell High |
The US housing market has been in a slump since 2008. People are foreclosing left and right, and no one wants to buy a house. This is bad for home owners and property values, but great for investors.
The housing market is currently in a slump for a number of reasons, including:
- the increasing number of foreclosures as sub-prime borrowers default on their loans
- the related tightening of the credit market
- the high level of debt many consumers now carry
- and the unemployment that resulted as housing supply exceeded demand
- the slumping economy, bordering on recession
Despite this economic downturn the housing market is expected to start its turnaround in the next couple of years, so buying property now could be a great idea for the investor with some cash.
In fact, as of late 2009 we are already seeing some interest in purchasing homes. This is even better news for the foreclosure investor. Let’s figure out how to handle this market in order to turn a profit.
What is a Foreclosure?
Posted on October 15, 2009
Filed Under Foreclosures | Leave a Comment
 Foreclosures |
Getting behind on your mortgage payments does not mean you are a bad person, but it may mean you are facing foreclosure. What is foreclosure? By definition, a foreclosure is:
fore-clo-sure: “A proceeding in which the financier of a mortgage seeks to regain property because the borrower has defaulted on payments.”
Basically you can’t pay your mortgage payments anymore and the bank or mortgage company seizes your property to try to resell.
What a Foreclosed Property Can Be
Foreclosed property, what is it? It can be a business, a home, a piece of land. Usually and traditionally it’s a home. People fall upon bad times, can’t make enough money and their property goes back to the bank and they must move out.
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Make Money With Foreclosures
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