We Would Like A Newer Home But Cannot Find One in Barrington-Can You Help Us Look In Other Comparable Areas - 03:55 PM
We Would Like A Newer Home But Cannot Find One in Barrington-Can You Help Us Look In Other Comparable Areas It is true that because Barrington is a well established area there are not a lot of opportunities for new homes. Each area in Barrington has some new subdivisions but they are small and most are either semi custom or custom homes, so there are no homes you could buy and move into. You need to find a builder to build something just for you. Even some of the better known subdivisions in Barrington like The Glen of South Barrington or … (1 comments)
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Should I Buy This Home if It's Not In The Best School District? - 06:48 PM
Should I Buy This Home if It's Not In The Best School District? There are a number of schools in Barrington, Inverness, Palatine, Kildeer and Long Grove that have very good report cards. With focus on the high schools the named schools that many buyers search for are Barrington High School, William Fremd in Palatine, Lake Zurich High School and Adlai Stevenson High School. In each of the areas the school boundaries play a role in school of attendance and some Barrington children do not attend Barrington Schools. They might go to Algonquin, Wauconda or Lake Zurich. In Hawthorn Woods some … (3 comments)
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Mortgage Bonds Close to the Downside but Up From the Lows - 05:53 PM
Mortgage Backed Securites could not seem to gain any momentum from Friday's rally with the benchmark FNMA 4.0 bond closing down 15bps. Positive consumer spending news put selling pressure on bonds all day. The situation in Egypt, while not resolved and heavily in the mainstream news, did not seem to pull investors to safety like it did on Friday.
Here is today's Market Snapshot courtesy of TBWS Rate Alert.com:
Treasuries and mortgages started a little soft this morning, prior to 8:30 the 10- yr note was off 9/32 at 3.36% once again finding resistance at 3.31% which was Friday's low … (0 comments)
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Homeownership Down - Rent Inflation On the Way? - 09:17 PM
The homeownership rate fell to 66.5% in the fourth quarter of 2010. This is a 10 year low. In a reallocation of sorts, the rental vacancy rate declined as housing consumers are choosing to rent instead of own. This is arising for one of two reason, the pool of qualified borrowers has shrunk considerably as lending standards have tightend...or people are choosing to wait it out a bit longer to see if home prices to indeed double dip. Details of this and the increased demand for rentals in this article courtesy of Mortgage News Daily.com
http://www.mortgagenewsdaily.com/01312011_vacancies_and_homeownership.asp
… (0 comments)
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The Smoking Gun - Banks Committed Fraud on Investors of Mortgage Backed Securities - 11:40 AM
Another smoking gun in the mortgage mess! Where is the SEC in all this? Why are they sitting on their hands with this fraud?
Please listen to the video which gives a great explanation.
Via Tim Maitski (RE/MAX Greater Atlanta):
Forget about troubled homeowners trying to stop the foreclosure with a "show me the note" defense. It's kind of a David vs. Goliath battle. That's kind of small potatoes compared to what's shaping up to be massive lawsuits between two Goliaths: banks vs. large investment houses.
It looks like it is likely that we'll be seeing investors of MBS(mortgage backed … (2 comments)
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FCIC Report - How did this mortgage mess get started? - 01:27 PM
FCIC Report just released should be a mandatory read by every Realtor©, loan officer and business person in today's market. It's a heavy report at over 662 pages but gives a great explanation on what happened with the financial collapse.You can also go to the FCIC site and see a detailed/linked glossary.
FCIC Report - The Financial Crisis Inquiry Report
… (15 comments)
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If I Buy a Home And There's a Tenant . . . Do They Magically Disappear When I Become the New Owner??? - 07:40 AM
If you are purchasing a home with a tenant in-place. It's important to finalize their status during the sales process. Here's a great post from Carla Muss-Jacobs about this scenario:
Via Carla Muss-Jacobs Principal Broker/Owner EBA Portland LLC | 503.810.7192 | (Exclusive Buyers' Agent for the Portland Metro Area):
If I Buy a Home And There's a Tenant . . . Do They Magically Disappear When I Become the New Owner???
From time-to-time I get asked "What if there's a tenant in the property I want to buy?"
Well, unless you want to have rental property and tenants . . . what to do … (2 comments)
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How To Choose a Real Estate Listing Agent - 07:42 AM
Marte Cliff writes this excellent article about suggestions for choosing the best real estate agent for your needs. Some excellent points here worth reviewing if you are looking for an agent:
Via Marte Cliff (Marte Cliff Copywriting):
F irst - I am no longer a real estate sales person - but because I write for active professionals and write about real estate a lot, I do get questions from consumers as well as from real estate agents wondering how to build their businesses.
Today I got the following: The subject line said "About your article"
Thanks...helpful....one question not addressed....smaller private realtor with all … (1 comments)
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Buying a Home 101 - 07:44 AM
Looking to buy a home? Michael Caruso gives some of the basics for you to consider that will help you make this process much easier. All of these tips are excellent and should be followed by any new home purchaser:
Via Michael Caruso Real Estate Group:
With low interest rates and foreclosure and short-sale properties on the market, many first-time home buyers have made the decision to enter the market. If home ownership is finally within your reach, be sure to keep these five tips in mind before beginning the process.
1. Do Your Homework: Use the Internet or a Realtor … (1 comments)
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What is a Special Assessment and Why Does it Matter? - 07:47 AM
If you're buying either a home or a condo in a master community, it is important that you check their financials and find out if there are any assessments planned. Should there be an assessment pending, the disposition should be worked out prior to the closing. Vickie Nagy does an excellent job explaining special assessments here:
Via Vickie Nagy, #1 Resource for Homes for Sale in San Ramon, Dublin CA, Pleasanton (BMC Real Estate in Blackhawk CA):
What is a Special Assessment and Why Does it Matter? is a question I am commonly asked by first time home buyers. A special assessment occurs … (1 comments)
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Dear Mr. & Mrs. Seller, Your Absence Is Appreciated... - 10:51 AM
William James Walton of Waterbury CT. makes an excellent point that all sellers should heed. It is to your benefit to not be present for showings of your home for a number of reasons, very well explained by William:
Via William James Walton, Sr. Greater Waterbury Real Estate (Century21 Access America):
Dear Mr. & Mrs. Seller, Your Absence Is Appreciated…
When people are selling their homes, there is sometimes an unnecessary presence. Sellers (and sometimes their agents) remaining in their homes during a showing to potential buyers. I cannot fathom why any seller would so eagerly and willingly sabotage the … (4 comments)
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WHY SHOULD I USE A LOCAL JACKSONVILLE FL LENDER? - 11:14 AM
Frank and Sharon Alters of Jacksonville, FL give their clients some very compelling reasons to choose a local lender. The same is true for most areas of Florida as well as possibly other sections of the country. Many times there are some local customs that are just a bit out of the ordinary that non-local lenders are unfamiliar with and it can be a problem when it comes time to close the sale:
Via Frank & Sharon Alters, CDPE-Short Sales Jacksonville-Orange Park-Fleming Island (Coldwell Banker Vanguard Realty - Clay, Duval, St. Johns ):
WHY SHOULD I USE A LOCAL JACKSONVILLE FL LENDER? BECAUSE … (1 comments)
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Interest Rate is the Wrong Reason to Choose a Lender - 11:17 AM
J. Philip Faranda, of Briarcliff Manor, NY writes this excellent article about some considerations all buyers looking for a mortgage should consider. The best interest rate is not necessarily the best product as to final cost or affordability:
Via J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY:
In the almost 400 transactions I have brokered since first being licensed in the 1990s, anytime there was a problem with the mortgage and the buyer was asked how they chose their lender, I cannot think of one instance where they did not say some variation on the theme that the bank was chosen … (0 comments)
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THE QUESTION THE SELLER FORGOT TO ASK... - 11:23 AM
Paula Swayne of Land Park, East Sac & Curtis Park in Sacramento, CA makes this excellent point that all sellers should ask of their prospective Realtor. When it comes down to the bottom line, what are the odds that this Realtor will sell your home:
Via Paula Swayne, Realtor-Land Park, East Sac & Curtis Park -Dunnigan, REALTORS (Dunnigan, Realtors, Sacramento (916) 425-9715):
Sellers are very savvy these days. They understand the essential process of interviewing Realtors and getting referrals from friends and family. Sellers are getting better about understanding the critical decision to work with an Realtor who works and understands their neighborhood. … (1 comments)
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Setting your Price. What are comparables? - 11:26 AM
Valerie Zinger of Ottawa, ON posts some valuable information for any one contemplating the sale of their property. The current market value will be determined by the recent sales of comparable properties. This information will be used by other Realtors, prospective buyers and any lender that might be involved in the transaction:
Via Valerie Zinger (Royal Lepage Gale Ottawa-Ontario-Canada):
How do REALTORS® and people selling privately determine the price of a property? The key element is to research the market and find comparable properties. Making comparisons is a blend of good research and market knowledge. Some basic guidelines to finding comparable homes (both … (1 comments)
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Selling? Do your homework - 11:28 AM
Ana Hitzel of Corona, California writes this valuable post with important information for any one contemplating the sale of their home in this market. It's more important then ever to be prepared and know the market:
Via Ana Hitzel Corona, California (AccentPositives - "Putting Your Best Space Forward"):
Selling requires doing your homework first and that homework is early preparation. There are times when this is not possible due to life circumstances but nine times out of ten, you know the move is coming and selling is not a must do tomorrow thing. Planning won't be as overwhelming if things are done in … (0 comments)
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Hammock Creek Real Estate - 11:57 AM
Hammock Creek Real EstatePalm City Florida Search Hammock Creek Real Estate
Hammock Creek real estate is a part of the Martin County area. This area which is part of Palm City is situated along the Atlantic coast or what is commonly called the Treasure Coast in Florida. As an owner of Hammock Creek real estate the treasures are sure to fit your likings.
Coastal towns where the great outdoors and nature activities are a central focus Historic cities with tree-lined streets and charming sidewalk cafes ‘Old Florida’ locations with all the customs including rodeos, orange groves and cowboys alike Villages where … (0 comments)
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Is That Real Estate Listing Getting Rusty or Is It A Good Deal? - 02:08 PM
One of the more popular questions I get on a day to day basis from people looking to buy a home in Northern Virginia is "How Long Has That House Been on the Market?"
In that respect, Northern Virginia is not unique, as buyers around the country ask themselves and their REALTORS that same question, over and over again.
When you learn that a home has been on the market for a long time, what do you think? If you're like most potential buyers, your house searching red flags start going berserk and you make one or more of the following assumptions:
There's … (3 comments)
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4/2.5 Kennesaw Ga. Only $100 down payment! - 09:43 AM
Kennesaw 4 bedrooms, 2.5 baths $169,000 and only $100 down!!
This home has already been appriased and the proprty condition report is available for you to review Property Condition Report Calculate your payment This is a HUD owned home **** HUD OWNED HOMES 770-475-1130 x 5727 or call me direct at 678-439-SOLD (7653) Bob Southard www.AgentBobSells.com “This is a HUD-owned property. To view all HUD Properties available for sale in Georgia, please visit www.HudHomeStore.com. Our HUD-registered agents can sell and show you any home you find of interest on the site.” If you want to … (1 comments)
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Need to Sell Your Home This Summer? You Might Want to List Your Home Now - 06:33 PM
For Logan Utah Real Estate, it's still the dead of winter, there isn't much snow left, but that doesn't mean that winter is over, or even close to being over.Spring is typically the busiest time of year for the listing of Logan homes, as most people want to move during the summer months when school is out. There are also more buyers during spring. The typical seller will think, "I'll wait until spring to list my home."
While there will be more buyers, there will also be a lot more listings, and a lot more competitions. And while most of the … (0 comments)
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