Archives of real estate blog entries for August 28, 2007 (Page 2)

Blog posts


iconcelebration Resort Condominium Residences - 11:03 AM
 
 Featuring 441 residences (one or two bedroom units ranging from 700sf to 1,350 sf) including a restaurant, full spa and conference facilities.  Along with all the wonderful benefits of Celebration Florida, the Celebration Golf Club an 18-hole Championship Golf course and Celebration Health, a world-class hospital are just some of the benefits of Celebration.  Greater Orlando Florida is at your doorstep!
One Bedrooms - upper $300's - $500's (727 - 1170 sq. ft.)Two Bedrooms - lower $500's - $700's (1039 - 1339 sq. ft.)
 An Ownership opportunity for Entrepreneurs of Life
Icon Celebration, fully furnished luxury resort condominium residences with hotel services and management … (3 comments)

Celebration Florida | Under $300,000 - 05:00 PM

You Can Still Buy In Celebration For Under $300,000!
Yes you read that correctly! 
You can own a wonderful condo in Celebration Florida in time to enjoy the holidays in Celebration! 
Let's look at a specific segment of the Celebration Florida market.  Specifically Celebration Florida Condos under $300,000 and having 2 bedrooms.
Since January 1, 2007 there have been:
Ten Condos Sold ranging in price from $215,000 to $300,000, of these 10 units they were on the market for an average of 85 days.  The longest 294 days and the shortest was listed and sold in one day.Currently there are 4 Pending 2 bedroom … (6 comments)

HELP!!!! I'm a newbie and I can't compete! - 03:48 PM
On my last post, "Listing to sell NOT signing to fail", Michael Eisenberg asked, "How does someone with little or no track record get the listing appointments?" Michael, that is a very good question so let me see if I can help answer it with this post. In fact, let me take it a step further and also answer, "Being a new REALTOR®, with no track record, how can I compete and convince folks to list with me?"
Question #1: "How does someone with little or no track record get the listing appointments?"
I think this is actually the easier … (65 comments)

Capital Gains - Pinehurst Real Estate - 12:45 PM
Capital Gains
Tax Changes and EffectsThe new capital gains law allows homeowners to avoid paying taxes on the first $500,000 of profit if they are married or on the first $250,000 if they are single. You must have lived in the home as your primary residence for two of the last five years. You are allowed to use the provision as often as you like, as long as it fits in that two year period. Any gains above the limit will be taxed at the new 20% capital gains rate - down from the current 28 %.
The old law provided a $125,000 … (0 comments)

Cash Offers - Pinehurst Real Estate - 12:47 PM
… (0 comments)

Pinehurst Real estate - The Effect of Changing Jobs - 12:49 PM
The Effect of Changing Jobs
How Changing Jobs Affects Buying a Home
For most people, changing employers will not really affect your ability to qualify for a mortgage loan. For some homebuyers, however, the effects of changing jobs can be disastrous to your loan application.
Salaried Employees
If you are a salaried employee who does not earn additional income from commissions, bonuses, or over-time, switching employers should not create a problem. Just make sure to remain in the same line of work.  Hopefully, you will be earning a higher salary, which will help you better qualify for a mortgage. Call Dale for condo on the … (0 comments)

Pinehurst Real Estate - Choosing A Home - 12:51 PM
Choosing A House
Before LookingBefore you actively look at homes to buy, it's necessary to know how much you can qualify for. Use mortgage calculators to determine how much you can buy with your down payment and closing cost money and what your monthly payments will be. 
Know Your Credit WorthinessLook at your credit report before you go to a lender. It is not uncommon to find problems with reports, especially if you have a common last name. 
Get Pre-ApprovedAfter you see your credit report and any problems are cleared up, get pre-approved with a lender. Take the steps necessary to get a letter … (0 comments)

Pinehurst Real Estate - Real Estate Closing Costs - 12:55 PM
Closing Costs
Down PaymentMost lenders require at least 10% of the purchase price, though new programs are available for 3%-5% down. 100% financing can be found, but you credit must be excellent and PMI insurance will be required. Loan Origination FeeA lender's fee for establishing a new loan. Government regulations allow only 1% origination fee on FHA or VA loans. Conventional loan fees can vary from -1 to 3+ points, plus other costs. A point is 1% of the loan.
Appraisal FeeFee paid to obtain an estimate of market value upon which the lender will base the loan amount. The cost is about … (0 comments)

he Real estate Closing Date - Pinehurst Real Estate - 01:39 PM
The Closing Date
It is absolutely essential that you include a closing date as part of your offer. This way both you and the seller can make plans for moving, and the seller can make plans for buying his or her next home. Though most transactions actually do close on the right date, do not be so inflexible that a delay creates insurmountable problems.
For example, if you are renting and need to give the landlord notice that you are moving out, you may want to allow a little flexibility. Otherwise, if your purchase closes a few days late you could find yourself … (0 comments)

Pinehurst Real estate - Comparable Sales in the Multiple Listing Service - 01:41 PM
Comparable Sales in the Multiple Listing Service
Most of the public is aware that the Pinehurst Multiple Listings Service is a private resource where Realtors list properties available for sale. Recently, the public has been able to access some of that information on such sites as Realtor.com, MSN HomeAdvisor, and others.
Once a property is sold and the transaction has closed, the selling price is posted to the listing in the Pinehurst Multiple Listing Service. Over time, it has become a huge database on past sales, containing much more information on individual homes than can be gleaned from the public record. This information … (0 comments)

Pinehurst Real Estate - Comparable Sales - Pending Transactions - 01:43 PM
Comparable Sales - Pending Transactions
The most valuable information would be the most current, of course. A sale last week has more validity in helping you determine a purchase price than a sale from six months ago. The problem is that there is no actual record of the sales price until the transaction is completed. The information is not available in the public record because no deed has yet been recorded.
Neither is the information available in the Multiple Listing Service. Once a property is sold, it becomes a "pending sale" and all pricing information is removed from the listing. Prices are not … (0 comments)

Comparable Sales in the Public Record - Pinehurst Real Estate - 01:45 PM
Comparable Sales in the Public Record
The most accessible source of information on comparable sales is the public record. When someone buys a home the property is deeded from the seller to the buyer. In most circumstances, this deed is recorded at the local county recorder's office. They combine sales data with information already known about the property so they can assess property taxes correctly.
Provided there have been no additions to the property, the information available from the public record is usually correct regarding sales price, square footage, and numbers of rooms. This makes it easy to use the public record as … (0 comments)

Pinehurst Real Estate - Condition of the Property - 01:47 PM
Condition of the Property
The last thing you want when you assume possession of your new home is to find it in a total mess. Therefore, you should make it clear in your offer that certain minimum standards are required. If you do not, you might find out the seller or neighbors have begun using the back yard as a trash dump, or something worse - and you would not be able to do anything about it. Homes for sale in golf communities. Call Dale or Cathy for a Pinehurst condos on the golf course.
Some of the requirements you might want to … (0 comments)

Pinehurst Condos - Pinehurst Real Estate - 01:49 PM
Pinehurst Condominiums  
First Time BuyerA Pinehurst Condominium is a good way to get into the housing market if you can't afford to buy a house or prefer this type of lifestyle. A Pinehurst Condo is also great if you don't want to spend a lot of time doing yard work or maintenance. One important thing to remember about a condominium is that you don't actually own the unit you live in nor the lot. You own the air space inside the walls, ceiling and floor of the unit. With a townhouse you own the unit along with the lot. Owning a … (0 comments)

Contingencies in a Purchase Offer - Pinehurst Real Estate - 01:51 PM
Contingencies in a Purchase Offer
In most purchase transactions there may be a slight challenge or two, but most things will go quite smoothly. However, you want to anticipate potential problems so that if something does go wrong, you can cancel the contract without penalty. These are called "contingencies" and you must be sure to include them when you offer to buy a home.  Pinehurst Homes for sale at Lake Pinehurst.
For example, some "move-up" buyers often agree to purchase a home before selling their previous home. Even if the home is already sold, it is probably a "pending sale" and has not … (0 comments)

Pinehurst Real Estate - Contracts - 01:52 PM
Contracts  
Contract KnowledgeBuying a home, you are entering into a legally binding contract that must be clearly understood both in terms of rights and obligations. Today's real estate contracts are quite lengthy. Agents are trained to understand and explain the contract along with the reports that are involved in a real estate transaction. Have your agent give you a sample contract to read over prior to you making your first offer. Get explanations to areas you don't understand. This will take a lot of pressure off you during the negotiation period. When it comes to contracts, put everything in writing and … (0 comments)

Pinehurst Real Estate - Credit Grades - 01:54 PM
 
The above information was provided by Dale Heck, a Pinehurst North Carolina real estate agent.  If you are looking for Pinehurst NC real estate, a Pinehurst waterfront home, a Pinehurst Condo or a North Carolina horse farm please visit one of my sites listed below.  Try Easy Search on anyone of my four websites, the easiest way to search for real estate in Moore County. 
Pinehurst Real Estate  - http://www.pinehurstrealestatenc.com/
Pinehurst Luxury Homes  - http://www.pinehurstluxuryhomesnc.com/
North Carolina Horse Farms  - http://www.southernpineshorsefarmsnc.com/
Fort Bragg Real Estate  - http://www.fortbragghomesnc.com/
Dale Heck Cell: 910-528-4652 dheck@pinehurst.net          Your Pinehurst Real Estate ProfessionalCell: 910-528-4652 Pinehurst Real Estate, Pinehurst NC Real Estate, … (0 comments)

Credit Scoring - How It Works - Pinehurst NC Real Estate - 01:56 PM
Credit Scoring - How It Works  
Credit scoring is a statistical method that lenders use to quickly and objectively assess the credit risk of a loan applicant. The score is a number that rates the likelihood you will pay back a loan. Scores range from 350 (high risk) to 950 (low risk). There are a few types of credit scores; the most widely used are FICO? scores, which were developed by Fair Isaac & Company, Inc. for each of the credit reporting agencies. Credit scores only consider the information contained in your credit profile. They do not consider your income, savings, down … (0 comments)

Debt-to-Income Ratios and Car Payments - Pinehurst Real Estate - 01:57 PM
Debt-to-Income Ratios and Car Payments
When determining your ability to qualify for a mortgage, a lender looks at what is called your "debt-to-income" ratio. A debt-to-income ratio is the percentage of your gross monthly income (before taxes) that you spend on debt. This will include your monthly housing costs, including principal, interest, taxes, insurance, and homeowner's association fees, if any. It will also include your monthly consumer debt, including credit cards, student loans, installment debt, and.......car payments. Call Dale or Cathy for all Pinehurst golf course real estate for sale.
 
The above information was provided by Dale Heck, a Pinehurst North Carolina real … (0 comments)

Disclosures From the Seller - Pinehurst NC Real Estate - 02:00 PM
… (0 comments)

Related links

New Members for 2007-08-28

 Archives:

31 Aug
30 Aug
29 Aug
28 Aug
27 Aug
26 Aug
25 Aug
24 Aug
23 Aug
22 Aug
21 Aug
20 Aug
19 Aug
18 Aug
17 Aug
16 Aug
15 Aug
14 Aug
13 Aug
12 Aug
11 Aug
10 Aug
9 Aug
8 Aug
7 Aug
6 Aug
5 Aug
4 Aug
3 Aug
2 Aug
1 Aug
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006