Charles's Blog

If My Dogs Were Realtors...

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Thu, 12 Nov 2009 19:31:02 -0600

This got me to thinking that maybe agents are animals. :) but as I said mine is to spoiled and a big baby at that.

Via Michele Bellisari (Realty Associates Florida Properties):

As many of my social networking friends know I have 3, yes count em 3 dogs. It will end my marriage trust me! As a big "rescue" advocate I have 2 from our local shelter and one that is my foster dog. I am watching them play at the end of the day and of course this bizarre thought popped into my head..."If My dogs were Realtors...what would they sell? So here we go...

Jimmy Buffett-my yellow lab (known as Buff or Buffman) being the laid back big pup that he is would sell beach houses and out houses...he loves the water, he likes getting messy and he wants to just fling his blond body anywhere he can. He is happy doing a few decent deals a year, having a big bone and a few "tasty" waves to share with his clients!

Bimini-my Sheba/Husky Mix, who is very beautiful, snobby and cat like would sell penthouses and big mansions...that is it...take it or leave it she would say to her buyers...I have more where you came from!

Bella-my mini Schnauzer would be selling duplexes and condos on South Beach as she moves fast, likes change and is very colorful to say the least! I see her whizzing her clients around in her red sports car and writing contracts fast and furiously! PS...she only works with cash buyers from Europe!

I keep thinking about Dr. Suess and Go Dogs Go..."Do you like my hat" "I do not like you hat"..."Good-bye" "Good-bye"! All those dogs running around in cars and having fabulous social lives like us humans. I just love that book!

If dogs were Realtors there would be more loyalty and less back stabbing!

My dogs would be great team members...diverse, dependable and full of enthusiasm for each and everyday!

So next time you have a bad day...think about your dog or cat as a Realtor...it will put a smile on your face because lets face it...our animals are truly a reflection of who "we" are...I just happen to have 3 and I think I have a little bit of each of them in me!

Michele Bee

Charles Stallions

Former Arkansas Gov. Mike Huckabee coming to Pensacola, Florida 11/15/2009

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Thu, 12 Nov 2009 17:30:01 -0600

Former Arkansas Gov. Mike Huckabee, will be on hand to sign copies of his newest book on Sunday at the Barnes & Noble bookstore, 1200 Airport Blvd. Pensacola, Fl. 32504. Titled "A Simple Christmas" it is a tale of his childhood growing up in Arkansas including a time while he was Governor.

I remember Gov. Mike when he worked in advertising and the radio business prior to him becoming the pastor of the church in North Little Rock and way before him run for lieutenant governor. I was talking to one of the employees who said he was limited as for time and would only be there from 8 to 9pm. I also enjoy his TV show which is more than politics. I will certainly be on hand to see him.

For more information, call Barnes & Noble at 969-9554.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 6 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

The REO Plus Column

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Wed, 11 Nov 2009 16:39:39 -0600

Pensacola, Florida: FREE REO, Foreclosure and Short Sale Property Management in Pensacola, Pace and Gulf Breeze Florida with listing agreement. We maintain from the lawn to the roof and in between. We charge a FLAT FEE of $1495 on the listing side with the REO company offering 3% on the buyer or selling side. You save over 50% over so called other foreclosure management companies. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view homes for sale or rent in Pensacola, Pace or Gulf Breeze, Florida Click Here. Also for current mortgage rates and programs that are best for you. Click Here.

Via Island Advantage Realty:

Written by Gabriella for Island Advantage Realty LLC

I like to make lists with pluses and minuses.

There's something deeply satisfying about the clarity that it brings. Whenever I begin to work with a new client I like to make them aware of the many pluses to purchasing REO property. Probably the most widely recognized plus to REO property is its affordable price tag. REO homes sell for fair market value minus the costs of necessary repairs, making them highly affordable.

Another plus to purchasing REO properties is the fact that you can thoroughly inspect the property before making an offer. This option isn't available in a lot of other non traditional home buying methods.

Additionally REO properties tend to have a very quick escrow. All of the negotiation is usually complete by the time the property goes to escrow and accordingly it is a shorter time before the home actually becomes yours.

There are many reasons to buy REO property. If you are interested please contact Island Advantage Realty LLC, we are the recognized leader in REO property for the Metro New York and Long Island areas, and we would be happy to show you the REO property plus column.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances. Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action. For further information or questions please contact Gabriella@IARNY.com

Charles Stallions

A Few Interesting Demographic Statistics About Reverse Mortgages

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Wed, 11 Nov 2009 16:31:58 -0600

Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on Mortgages including FHA, VA, Conventionals, Creative Financing, Reverse Mortgages and Owner Financing available in Pensacola, Pace, Gulf Breeze, Florida. I hope you find this series to be educational as well as informative. Looking for a mortgage or loan, call 800-309-3414 to discuss how we can find no money down, 100% financing for you in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view homes for sale or rent in Pensacola, Pace or Gulf Breeze, Florida Click Here. Also for current mortgage rates and programs that are best for you. Click Here.

Via First Meridian Mortgage/Trump Financial:

Currently, there are 34 million Americans 65 or older. By 2030, this number should more than double to over 70 million, more than 20% of the U.S. populaton.

There are presently more than Twelve million people 65 or older who own their homes outright (no current mortgage.) This represents over $4 Trillion in untapped Home Equity.

Is there any doubt, in today's difficult economic times that the growth of Reverse Mortgages will continue?

Charles Stallions

Dear Pensacola Home Buyer, I Have up to $8K with your name on it.

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Wed, 11 Nov 2009 10:55:26 -0600

Hello,

I would just like to inform you of this amazing deal that the federal government put into place. This could be just the thing you needed to push you into owning your own home. Here are the details.

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.

The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.-www.federalhousingtaxcredit.com.

The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010)..-www.federalhousingtaxcredit.com

Charles Stallions

RETIREMENT MONEY PURCHASING REAL ESTATE, 401K MONEY PURCHASING REAL ESTATE

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Tue, 10 Nov 2009 20:39:57 -0600

Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on the Investor and who wants to be the next millionaire in Pensacola, Pace, Gulf Breeze, Florida. With a well know, little used strategy we can make you the next millionaire. Unbelievable, put me to the test and see. I hope you find this series to be educational as well as informative. Call me to discuss the use of the of this little used strategy and to discuss how we work and if it will benefit you here in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures, REO's and homes for sale in Pensacola, Pace or Gulf Breeze, Florida Click Here.

Via Harry F. D'Elia, Investor , Mentor, BD, Radio Coach, REO Expert, Networker (Real Estate and Beyond, LLC Founder and CEO):

RETIREMENT MONEY PURCHASING REAL ESTATE, 401K MONEY PURCHASING REAL ESTATE

Self Directed Retirement Plans's flexible retirement plans have the following features:

Investment Options - with Self Directed Retirement Plans, you can invest your retirement plan in real estate, tax liens, loans, local businesses, stocks, mutual funds and a host of other options. You are only limited by your imagination! Self Directed Retirement Plans TRUE Self-Directed IRA or 401(k) offers you greater opportunity by allowing you to choose the investments that are best suited to help you meet your retirement goals.

Checkbook Control - Self Directed Retirement Plans structures your IRA or 401(k) so that you have checkbook control over your retirement plan assets. No more begging a broker to allow you to invest your own money. You are in total control. Participate in time sensitive investments, including foreclosures and tax liens, without the time restrictions of the custodial paperwork process.

Limited Custodial Fees- Unlike many of our competitors, Self Directed Retirement Plans's fees are not based on the size of your account or on the number of assets it holds. Regardless of the account size, our IRA clients pay the same low custodial maintenance fee of $190 per year. In addition, Self Directed Retirement Plans's structure all but eliminates transactional, asset-based and holding fees. This can save you hundreds or thousands of dollars per year (when compared to our competitors).

Support to Succeed - With Self Directed Retirement Plans you have access to the support you need to invest confidently. Self Directed Retirement Plans and its affiliates have set up hundreds of people with their own Self-Directed retirement plan. Our tax experts are available to review any transactions you are considering for adherence to tax law guidelines.....this ensures that you don't do anything that would endanger your retirement.

Asset Protection - In many states, IRA assets are subject to the claims of predatory creditors. If properly structured, your IRA can build a financial fortress around your hard earned wealth.

True Diversification - Your retirement holdings can now be truly diversified in a number of different assets. No longer are you limited to only the investments your custodian offers.

We have lender who will lend up to 50% on a residential property on a non-recourse loan. The minimum loan amount is $50,000. So, the purchase price will have to be $100,000 or more to meet the $50,000 minimum loan amount. If you have further questions, please visit my web site at www.deliateam.com or view my profile to contact me directly.

SEARCH FOR ARIZONA BANK OWNED/FORECLOSURE HOMES
Make the Call, Set the Plan, Do the Deal$!

Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.

Phoenix Real Estate Resource Center

Follow Me On:

Charles Stallions

Instead of an Open House, you may want to try an Auction in Pensacola, Florida

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Mon, 09 Nov 2009 21:39:08 -0600

Ready for a quick sell!! Try an auction. Yes you can do it with proper marketing and a little work and here's how.

Order plenty of signs, twenty five is a good start. Place them with in 3 to 5 miles in every direction. Have Auction and time preprinted on them with a viewing time like you would an open house. Mine are held open from 11-5 on Saturday and 1 to 5 on Sunday. Leave a place at the bottom to write in the address in an erasable ink.
Have a bigger sign with the same thing on it except the address (this one will be in the yard) but have a place for you to write the bedrooms, baths and two great amenties.
Start on Monday have all the signs put up. Run an ad in the newspaper every morning for the whole week that looks just like your signs.
On Saturday and Sunday hold home open just like a regular open house. Have a poster board for everyone to write their bids on.
After Sundays open house is over at 5 pm then you start calling the lowest bidder and tell them the highest bid and ask if they want to top it. Then go to 4-3-2-1 and continue till the last one stops bidding. At the end you will have probably the best offer you could hope for either sell it to the seller or let the highest bidder know it is unacceptable.

We have replaced most of our Open Houses with these style Auctions and have sold over 85% of the homes within a 3 week period. I try to hold them within the first two weeks of the listing. These have worked well with our short sales as well.

Charles Stallions

GREAT NEWS! TIME SENSITIVE: $8000 Tax Credit Can Now be Used Towards Downpayment on Purchase!

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Mon, 09 Nov 2009 21:24:02 -0600

Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on the $8000 Tax Credit given to first time home buyers in Pensacola, Pace, Gulf Breeze, Florida. I hope you find this series to be educational as well as informative. Call me to discuss the use of the $8000. tax credit and how you can double it when buying your next Pensacola, Pace or Gulf Breeze, Fl. home from Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures and homes in Pensacola, Pace or Gulf Breeze, Florida Click Here.

Via Scott Miller (Realty Associates 561-716-4060):

Here's a great article I just pulled from Realtor magazine in case you haven't seen it yet. It's a GREAT way to get first-time home buyers more money for their downpayment!

Tax Credit Can Be Used for Down Payment

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.

Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change.

"We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment," Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..

He says FHA's approved lenders will be permitted to "monetize" the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.

Other Solutions for Today's Market

During his address at the summit, Donovan went on to say that the Obama administration plans to further stabilize the housing market. "I do think we have some early signs that the market overall is stabilizing," Donovan says. "Since January we've seen both home sales moving up and down around a relatively stable number and we are seeing the first signs that the rapid decline in home prices is starting to abate."

The morning session included a panel discussion that was moderated by CNBC's Ron Insana. Panelists examined cutting-edge solutions necessary to promote and preserve homeownership and real estate development, stimulate the economy, and protect the nation's taxpayers. They also shared their ideas on what the role and responsibility of the federal government is in the revitalization effort.

"Right now the Federal Reserve is the market," said panelist Jay Brinkman, chief economist for the Mortgage Bankers Association. "What will be the effect when the Fed stops buying?" Brinkman explained that an exit strategy must be planned for the long-term; the federal government cannot continue to support the mortgage markets indefinitely.

"We are thrilled that so many high-caliber individuals were able to join us today at this important meeting to promote stability in the housing market and the U.S. economy," said NAR President Charles McMillan. "We look forward to an ongoing dialogue and action toward this goal, during our midyear meetings this week and beyond."

Scott Miller, Realtor®
Estate Specialist
Commercial RE
Business Broker
Realty Associates
561-716-4060 direct
561-451-9377 fax
http://www.LoveBoca.com
http://twitter.com/ScottSellsFL

Real Estate Advice & Opinions

Get this Widget

------------------------------

Boca Raton Real Estate - Trulia

Charles Stallions

Navarre Beach Condos for sale and Market Report for October 2009

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Mon, 09 Nov 2009 07:13:50 -0600

Navarre Beach, Florida Real Estate

We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Navarre Beach, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8

A Snapshot of the Navarre Beach, Florida Housing Market

Available Homes = 52

FORECLOSURES/ Short Sales = 0

New condo listings this month = 4

Current Homes Under Contract = 0

Homes Sold In Last 30 Days = 2

Average Days On The Market = 83

Latest Assumption Rate = 27 months

Average Sales Price = $345,000

List Price to Sales Price = 87.34%

TIP OF THE MONTH

Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

Perdido Key Condos for sale and Market Report for October 2009

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Sat, 07 Nov 2009 22:15:11 -0600

Perdido Key, Florida Real Estate

We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Perdido Key, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8

A Snapshot of the Perdido Key, Florida Housing Market

Available Condos = 227

FORECLOSURES/ Short Sales = 7

New Condos on the market = 26

Current Homes Under Contract = 9

Homes Sold In Last 30 Days = 9

Average Days On The Market = 309

Latest Assumption Rate = 17 months

Average Sales Price = $281,628

TIP OF THE MONTH

Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

5 Things you must know about a Reverse Mortgage in order to get the most amount of money at the least possible cost...

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Sat, 07 Nov 2009 21:54:16 -0600

Via Pete Gottschalk (Reverse Mortgage Specialist):

Once you have made the decision that a reverse mortgage is right for you, what do you do next? How can you know that your reverse mortgage lender is giving you the best deal? Even if you get multiple quotes from several reverse mortgage lenders, do you know what to look for? Some argue that HUD regulates all the fees and rates so there isn’t that much difference between reverse mortgage lenders other than service. Well as you can imagine, that just isn’t the whole truth. While HUD does regulate MAXIMUM fees, there is nothing saying you can’t do better than paying the highest closing costs and rates allowed. And the lower the rate you receive, the more money you get! Its how the reverse mortgage formula works.

A blog doesn’t give me enough room to go into all 5 of the items in detail so if you want more detailed information simply go here and you can have a free 7 page report emailed to you.

So what are the 5 key itemes you need to know to get the best deal from your reverse mortgage lender? Here is a brief summary:

1)    Figure out whether a reverse mortgage fixed rate product is better for you or an adjustable rate. Choosing the right one will make a big difference in the amount of money you receive. Rule of thumb is if you need most of the money at closing go with the fixed rate. If you only need a small amount up front, the adjustable rate may end up getting you tens of thousands of dollars more over time due to the credit line growth factor.

2)    Check out reverse mortgage lenders for the lowest “Expected Interest Rate”. Based on the FHA HECM formula, the lower the expected interest rate is, the more money you can receive.

3)    Your reverse mortgage lender should give you the lowest monthly servicing fee available, which is currently at $25. Most lenders charge $30 or $35 and just tell you that’s what everyone pays. This seemingly small difference will get you an additional $800 - $1600 at closing plus $60 - $120 less in costs each year. Multiply that by 10 – 30 years and the money really adds up.

4)    Shop for the lowest origination fee, and ignore all other closing costs when you compare reverse mortgage lenders.

5)    Find a reverse mortgage lender that will allow you to find your own FHA appraiser. The right appraiser can make an enormous difference in the amount of money you receive at closing and in how smooth the lending process will be. Check with your local real estate professional and get a quality referral for the right local appraiser. If the lender won’t allow it, then move on. While on conventional mortgages you can’t be involved in finding your own appraiser, FHA reverse mortgages do not have that restriction.

Well there you have it. Go here if you would like a detailed free report emailed to you. You can also get a no obligation quote there as well.

Charles Stallions

Very Good Reverse Mortgage article in Yahoo Finance & Kiplingers

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Sat, 07 Nov 2009 16:48:27 -0600

Via First Meridian Mortgage/Trump Financial:

Yahoo Finance posted a very positive Reverse Mortgage piece that was originally in Kiplingers. There are a few issues, like where it says that Reverse Mortgages are only if you paid off your loan or have a small balance (I just paid off a $400,000 loan with a Reverse) but overall it is a positive piece.

Here is the link:

http://finance.yahoo.com/focus-retirement/article/107465/reverse-mortgages-to-the-rescue.html?mod=fidelity-livingretirement

Charles Stallions

Real Estate Investing - Learn How to Make Money in Real Estate Without Cash

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Sat, 07 Nov 2009 16:29:37 -0600

Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on the Investor and who wants to be the next millionaire in Pensacola, Pace, Gulf Breeze, Florida. With a well know, little used strategy we can make you the next millionaire. Unbelievable, put me to the test and see. I hope you find this series to be educational as well as informative. Call me to discuss the use of the of this little used strategy and to discuss how we work and if it will benefit you here in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures, REO's and homes for sale in Pensacola, Pace or Gulf Breeze, Florida Click Here.

Via Michel Lautensack (Del Val Property Management LLC):

It is a widely held belief that if someone wants to invest in real estate market, he must be loaded with cash. The idea is not entirely true. If you don't have enough money you can still invest in real estate. The notion seems unbelievable at first glance but it's true. Real estate investing with no money to put down is a viable option.

In order to invest in real state without down money, you must be creative in your approach and devise various methods for utilizing other people's money to finance your transactions. Some of those innovative methods are listed below:

Use Double escrow

If you have a finance background, you must have heard of the escrow account. There is such a term as double escrow. Double escrow means buying and selling property at almost the same time. The money received from sale is utilized to pay the purchase price of the property. The sale price is a bit higher then the purchase price which is your profit. In a double escrow, profit is realizable only after both part of the transaction are simultaneously completed. Before going into this kind of transaction you must first secure both ends of the deal or you might end up in a jam.

Use seller's financing

Usually a property owner already has one or other lending facility. What you have to do is convince him that you are going to take over his mortgage for a specified period of time until you can find a suitable buyer for the property. When the property is sold, the sale proceeds of the property can be used to pay off the mortgage. The difference amount is your profit.

Mortgage Take Over

There is a paragraph in virtually all loan agreements which is called "due-on-sale" clause. This clause stipulates that when the title of a property is transferred, the lender has the right to demand full settlement of his loan. According to this clause it is the lender's prerogative whether or not to demand full settlement of loan. If you take over a mortgaged property and make timely payments there is every chance that the lender will not exercise his right of "due-on sale". This way you can buy properties without having to go through a credit check. The properties can later be sold to prospective buyers.

You might be discouraged in the beginning when you go and try out any of the above mentioned options. But there are great opportunities of making money in the real estate market without down money. The key is to build a workable real estate investing strategy and not get discouraged by early failures.

I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.

Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to
Real Estate Investing Blog.

Charles Stallions

Pensacola Beach Condos for sale and Market Report for October 2009

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Sat, 07 Nov 2009 06:52:03 -0600

Pensacola Beach, Florida Real Estate

We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Pensacola Beach, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8

A Snapshot of the Pensacola Beach, Florida Housing Market

Available Homes =187

FORECLOSURES/ Short Sales = 11

New condo listings this month = 14

Current Homes Under Contract = 15

Homes Sold In Last 30 Days = 16

Average Days On The Market = 184

Latest Assumption Rate = 20 months

Average Sales Price = $369,135

List Price to Sales Price = 92.49%

TIP OF THE MONTH

Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 6 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

Gulf Breeze Homes for sale and Market Report for October 2009

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Sat, 07 Nov 2009 06:50:52 -0600

Gulf Breeze, Florida Real Estate

We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Gulf Breeze, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8

A Snapshot of the GulfBreeze, Florida Housing Market

Available Homes = 329

FORECLOSURES/ Short Sales = 21

New listings this month = 61

Current Homes Under Contract = 56

Homes Sold In Last 30 Days = 27

Average Days On The Market = 170

Latest Assumption Rate = 12 months

Average Sales Price = $282,305

List Price to Sales Price = 89.73 %

TIP OF THE MONTH

Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 6 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

Pace Homes for sale and Market Report for October 2009

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 21:16:28 -0600

Pace, Florida Real Estate

We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Pace, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8

A Snapshot of the Pace Housing Market

Available Homes = 296

FORECLOSURES/ Short Sales = 11

New listings this month = 65

Current Homes Under Contract = 47

Homes Sold In Last 30 Days = 33

Average Days On The Market = 213

Latest Assumption Rate = 12 months

Average Sales Price = $145,683

List Price to Sales Price = 96.09 %

TIP OF THE MONTH

Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 6 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

Pensacola Homes for sale and Market Report for October 2009

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 20:58:55 -0600

Pensacola, Florida Real Estate

We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Pensacola, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8

A Snapshot of the Pensacola, Florida Housing Market

Available Homes = 1954

FORECLOSURES/ Short Sales =173

New listings this month = 346

Current Homes Under Contract = 314

Homes Sold In Last 30 Days = 203

Average Days On The Market = 210

Latest Assumption Rate = 18 months (rounded)

Average Sales Price = $142,330

List Price to Sales Price = 95.70%

TIP OF THE MONTH

Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 6 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

Young couples should rent???

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 18:28:27 -0600

Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. I hope you find this series to be educational as well as informative. Looking to rent or need a property manager to discuss how we can be of great service to you here in Pensacola, Pace or Gulf Breeze, Fl, Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view homes for rent in Pensacola, Pace or Gulf Breeze, Florida Click Here. $50. Flat Fee Property Management with no other hidden charges.

Via Tom Tousignant (Fairway Independent Mortgage):

A recent opinion piece in Investment News claimed that ‘For young couples, renting may be a better option". I hate headlines like that - they are designed to get your attention, but most people don't have the time to read the article. They end up with this piece of random advice floating around their head that can cause them to doubt their decisions.

Here's a good rule to follow - don't take advice that is generic for everyone! Why? First of all, you don't know the person giving the advice and their qualifications to advise you. Secondly, does it apply to you? Everyone's circumstance is different, so generic advice is never good advice.

So, should young couples rent or buy? Right now, the $8,000 tax credit, the low interest rates and the home prices are all reasons to consider buying.

The Investment News article says the strongest reason to not buy right now is that prices could fall further. This surprises me, as the industry that uniformly teaches ‘Buy and Hold' rather than trying to time the market with stocks or mutual funds turns around and says, "Time the Market!". Waiting for prices to fall further is a sure setup for disappointment. Think about it, even if prices fall further, will rates be higher when that happens? Will the loan program that you can qualify for today still exist then? What if prices fall, but rates are 1-2% higher than they are now?

What if you did not buy a $250,000 house today because you ‘knew' prices were going to drop by another 10% in the next 12 months? Didn't you make a good choice? Well, if interest rates rose from 5% to 6.5% (from where they are today to where they were 1 year ago), your payment on the lower priced home next year would actually be $77 higher than if you bought right now. Couple that with the money you threw away in 12 more months of rent (and for some, the loss of the $8,000 tax credit), and you are talking about a significant difference.

Why not buy now? Don't buy if you are going to move in less than three years. Don't buy if you haven't been stable in your employment for the last few years. Don't buy if you don't want to stay in the town in which you are looking to buy.

Fear or uncertainty of the future are never valid reasons for not taking action - there will always be economic uncertainty, change, and surprises. If you aren't going to buy because the ‘economy is bad', then realize you are forcing yourself into a situation where,

You will never buy a home as the economy will always be bad, just starting to recover, or starting to get bad.

You'll never buy because you don't know what tomorrow will bring

You will buy, but only when the economy is strong, in which case you will be buying a house in a strong market, which means the prices and interest rates will be higher.

You can find a million reasons to buy a home or not buy a home right now. Separate the facts from the headlines, consult with an independent professional and let them guide you through a sound decision making process. Don't take advice from a newspaper or magazine article as everyone's circumstances are different. Evaluate your choices in light of your unique circumstances.

One other tool you can use is a Rent Vs. Buy calculator to help you see the differences between continuing to rent and buying a house. The numbers don't tell the whole story, but it is a good starting point to add some facts to a highly emotional decision.

Charles Stallions

Real Estate for Returning Veterans

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 16:07:32 -0600

Via Jim Sparkman (Coldwell Banker Mountain West Real Estate, Inc.):

I recently returned from a deployment overseas. As I get back into today's market I am excited for those Veterans that are looking for a new home. Our Veterans are experiencing more support and benefits than ever. The new GI Bill has been upgraded, and pay increases jumped over three percent in 2009. A pay increase is scheduled for this upcoming January, and because of this I am sure that there will be more military members and Veterans looking for a home.

As Veterans Day approaches, make sure to thank those that you know who have served as I am sure that they will truly appreciate it.

Jim Sparkman, Broker, RCC, CNHS

Coldwell Banker Mtn West Real Estate, Inc.

Office: 503-316-6366

Cell: 503-910-8414

Charles Stallions

Attention Pensacola Sellers, is you agent always HIGH?

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 12:16:34 -0600

Setting A Price

As you interview REALTORS^® they may suggest a listing price on your home. Only you can decide what price to set, but you want it to be realistic. The listing price is critical. Set it too high, and you may not find a buyer. Set it too low and you cheat yourself out of money. But never go with the "highest bidder" In other words some agents will tell you that they can get a higher price than another and the fact is a home is worth no more than a current buyer is willing to pay or a seller is willing to take. Here we will discuss several professional ways of determining price.

Appraisal
Regardless of what you originally paid for your home and the cost of improvements you have made, the price your home can command is what the market will bear at the time you decide to sell it. You may consider hiring an independent real estate appraiser. An appraiser has specialized training and experience. Don't rely on assessed valuations made for tax purposes. Such valuations may not be reliable indicators of value as these valuations are made by mass appraisal techniques.

Comparative market analysis
Whether or not you get an appraisal, a REALTOR^® can develop a comparative market analysis. This analysis will describe homes in your area that have recently withdrawn from the market. The analysis may compare specific features of your home to others - the value of a corner lot, a city view, or an extra bedroom, for example. The analysis may also point out market fluctuations caused by the opening of a new school or business, for example, as well as long-term trends.

If you do not have a good idea, based on reliable data, of what the price your home can generate, you may decide to set a higher price thinking that if it doesn't sell at first, you can come down. However, if you set it too high, you may keep away buyers who are looking at comparable homes with lower prices. Lowering the price later sometimes gives your home a negative image. On the other hand, you don't want to set the price too low. You may be tempted to set a low price because you feel the pressure of transferring to another town, or you're afraid that your worn carpet will turn away buyers. Be realistic and get advice from your REALTORS^®.

Net proceeds
Once you've decided on a price range, the REALTOR^® may help you calculate an estimated amount you might net from the sale. If you have owned your home for several years, you may have built up a sizable equity. Equity is the difference between the value of your home and the balance on your mortgage After subtracting what you owe on your mortgage, ask your REALTOR^® what costs you will incur in closing. These may include title fees, taxes, a penalty for prepaying your mortgage, brokerage commission, attorney fees, and charges for preparing and recording documents. Finally ask your tax adviser or attorney about the tax implications of your proposed sale.

Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

Military Appreciation Wednesday November 11th in Pensacola, Florida.

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 11:30:19 -0600

Shari had a great post on Apple Bees Military Appreciation put on by Apple Bees, check it out.Free meal for Veterans! Shari Roberts-Osojnak and I wanted to remind everyone about Golden Corral doing the same. Two year ago I remember me and the wife going to Dinner at Golden Corral and as we approached we saw a line a quarter a mile long and found out about this great promotion.

Although it took over an hour to get to eat I will never forget all the great people we met and we go to say thank you to each and everyone of em.

Kudos and great job to Apple Bees and Golden Corral for this wonder tribute to the greatest people in the world.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist,a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida.Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

Building A New Home. Hiring A Independent Home Inspector Could Save You Thousands.

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 07:58:47 -0600

Pensacola, Fl. I have been suggesting to all my New Home buyers to have a home inspection. You may find nothing but peace of mind then again you may find.... If your looking for a new home in Pensacola, Fl. Call 850-478-8811 and ask our New Home Specialist.

Via David Salvato (David home Inspection Service):

Inspecting a home in the rough in phase is a tough job but one that we are use to at David Home Inspection Services. Take a look at these pictures. Here is a home my client is having built in the Rancho Cucamonga area in Southern California. On this phase of the inspection we are checked all the homes systems. The plumbing, electrical, HVAC along with rough framing and windows.

Here we are inspecting the tubs, showers for leaks.

Below is a picture taken of the tub located on the second floor of the home. The picture shows a leak at the wast and overflow. A leak of this nature can cause water damage and mold. The plumber was on site and was able to make the repairs. So even if the home your buying is brand new, a independent home inspection can often find building defects that can save you thousands. We found other defects on this phase of the inspection, all were corrected right away by the builder.

David Home Inspection Services

626-629-8499

We Proudly Serve The Areas Of

San Bernardino, Los Angeles, Orange, Riverside County California

Charles Stallions

Are you ready for some Ice Hockey Pensacola? Free Tickets

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Fri, 06 Nov 2009 07:30:58 -0600

The Pensacola Ice Flyers, our newest endeavor into semi - pro sports are now playing. We will be giving away Free Tickets to this Saturdays game that starts at 7:05 to the firrt four people that call 850-478-8811 and say Go Ice Flyers. This will be done several times throughout the season so check out my blog and make the call. Yes this is a promotion of my blog so there will be a different saying each time or a code.

Single Game Tickets Now on Sale!

Ice Flyers single game tickets are officially on sale. They are available for purchase at the Pensacola Civic Center Box Office or online at TicketMaster via link to the left.

Pricing on single game tickets will be as follows:

Glass Level Seats $21.00
Center Ice Level Seats $16.00
Corner Level Seats $14.00
End Zone Level Seats $12.00
Upper Balcony Level Seats $10.00

Purchase Season tickets now and save $2.00 per seat per game on Full Season, Half Season and Flex plans, includes all levels of seating except Upper Balcony. Season Tickets can now be purchased thru the "ice Flyers Five Hole Payment Plan. Purchase tickets with a 20% down payment and then pay them off in 4 equal monthly payments November thru February. Must be purchased with a credit card to qualify for payment plan.

Group Tickets are available for groups of 10 or more at a savings of $2.00 per ticket. Contact the Ice Flyers Front Office at 850-466-3111 for more information on group outings, including great meal offers from various dining establishments and Savor Pensacola.

______________________________________________________________________________________________

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Pensacola, Pace and Gulf Breeze Homes for sale

Flat Fee of $2995 to SELL or MLS $1495 + 3 %

We offer Property Management for $50. flat fee monthly

Call Now 800-309-3414 for over the phone evaluation and NO Obligation

Charles Stallions

FHA 203(K)----OK----What Improvements Are Not OK?

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Thu, 05 Nov 2009 23:08:09 -0600

Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on the Investor and who wants to be the next millionaire in Pensacola, Pace, Gulf Breeze, Florida. With a well know, little used strategy we can make you the next millionaire. Unbelievable, put me to the test and see. I hope you find this series to be educational as well as informative. Call me to discuss the use of the of this little used strategy and to discuss how we work and if it will benefit you here in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures, REO's and homes for sale in Pensacola, Pace or Gulf Breeze, Florida Click Here.

Via Jay Williams, Mortgage Loan Officer Getting You The Right Loan (Greenville, NC):

The last couple of posts regarding the FHA 203(k) program have dealt with what are the required improvements and the eligible improvements. Today we are going to review ineligible improvements under the 203(k) program.

While you are putting together repair/rehabilitation estimates it will be good to know the types of improvements you can not include for financing purposes.

Ineligible Improvements for both the traditional and streamline FHA 203(k) program:

Barbeque pit

Bathhouse

Dumbwaiter

Exterior hot tub, sauna, spa and whirlpool bath

Outdoor fireplace

Photo mural

Instillation of a new swimming pool

Gazebo

Television antenna

Satellite Dish

Tennis Court

Tree Surgery

Additions or alterations to provide for commercial use

Basically, unless you are attempting to include an outdoor recreation and entertainment complex you don’t have a lot of restrictions.

It is important to note additional restrictions if you are utilizing the streamline program. If your repair/rehabilitation requests include any of the following items you will need to use the 203(k) traditional program.

Major rehabilitation/remodeling, such as the relocation of a load-bearing wall

New construction, including a room addition

Repair of structural damage

Repairs requiring detailed drawings or architectural exhibits

Landscaping or similar site amenity improvements

Result in work not starting within 30 days after loan closing

I hope this and other posts will be helpful as you prepare to utilize FHA’s 203(k) program.

As always, I welcome comments. What has been your experience with the 203(k) program? Do you have any questions? What observations or opinions do you have toward this financing vehicle?

Tip for real estate agents and contractors: review listed properties needing repair/rehabilitation; develop the estimates for work to be done; partner with a knowledgeable and trusted lender familiar with the FHA 203(k) program; have a turnkey project list to share with prospective buyers

Coming Soon

Contingency Reserves

Related Posts

Eligible Improvements

Required Improvements

Want to buy a fixer-upper?

FHA 203(k) Poised for revival

Jay Williams

www.myhomeloanwithjay.com

Stop by my business facebook business page, become a fan!

Charles Stallions

Are home buyers afraid to buy from FSBOs in Pensacola Florida.

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. — Thu, 05 Nov 2009 23:01:25 -0600

Attention: For Sale By Owners!
Why People Are Afraid To Buy From You!

Many homeowners believe that to maximize their profit on a home sale they should sell it themselves. At first glance, they feel selling a home is simple and why should they pay a broker fees for something they could do themselves? In fact, close to 25% of all the homes sold last year were sold for sale by owner (FSBO).

However, close to half of the FSBO's said that they would hire a professional next time they sold. Thirty percent said they were unhappy with the results they achieved by choosing FSBO. Why?

Many FSBO's told us that the time, paperwork and everyday responsibilities involved were not worth the amount of money they saved in commissions. For others, the financial savings were even more disappointing. By the time they figured the amount of fees paid to outside consultants, inspectors, appraisers, title lawyers, escrow and loan officers, marketing, advertising... they would have been better off having paid the broker's fee which would have included many of these charges up front.

Selling a home requires an intimate understanding of the real estate market. If the property is priced too high, it will sit and develop a reputation for being a problem property. If the property is priced too low, you will cost yourself serious money. Some FSBO's discovered that the lost money as a result of poor decisions outweighed the commission.

Before you decide to sell FSBO, consider these questions and weigh the answers of assuming the responsibility versus employing a professional. A little time spent investigating up front will pay off tenfold in the end.

Questions To Consider:

Do I have the time, energy, know-how, and ability to devote a full forced effort to sell my home?

One of the keys to selling your home efficiently and profitably is complete accessibility. Many homes have sat on the market much longer than necessary because the owner was unwilling or unavailable to show the property. Realize that a certain amount of hours each day is necessary to sell your home.

Am I prepared to deal with an onslaught of buyers who perceive FSBO's as targets for low balling?

One of the challenges of selling a home is screening unqualified prospects and dealing with lowballers. It often goes unnoticed... how much time, effort and expertise it requires to spot these people quickly. Settling for a lowball bid is usually worse than paying broker commissions.

Am I offering financing options to the buyer? Am I prepared to answer questions about financing?

One of the keys to selling, whether it's a home, a car... anything, is to have all the necessary information the prospective buyer needs and to offer them options. Think about the last time you purchased something of value, did you make a decision before you had all your ducks in a row? By offering financing options you give the home buyer the ability to work on their terms and open up the possibilities of selling your home quickly and more profitably. A professional real estate agent will have a complete team, from lenders to title reps for you to utilize...they'll be at your disposal.

Do I fully understand the legal ramifications and necessary steps required in selling a home?

Many home sales have been lost due to incomplete paperwork, lack of inspections or not meeting your states disclosure laws. Are you completely informed of all the steps necessary to sell real estate? If not, a professional would be a wise choice.

Do I have the capability of handling the legal contracts, agreements and any disputes with buyers before or after the offer is presented?

Ask yourself if you are well versed in legalese and if you are prepared to handle disputes with buyers. To avoid any disputes it is wise to put all negotiations and agreements in writing. Many home sales have been lost due to misinterpretation of what was negotiated.

Have I contacted the necessary professionals....title, inspector (home and pest), attorney, and escrow company?

Are you familiar with top inspectors and escrow companies? Don't randomly select inspectors, attorneys, and title reps. Like any profession there are inadequate individuals who will slow, delay and possibly even cost you the transaction.

Charles Stallions, a saved by the grace of God husband married for over 20 years to the wonderful Mrs. Pat. We have the greatest pleasure of living in Pensacola, Florida with our 3 beautiful daughters, Rachel, Riana and Rebekka. Pensacola, Florida where the SON is always shining and each day is better than the next.

Along with my wonderful Team, we sell Real Estate and the American Dream to investors and buyers that realize owning property in Pensacola and the gulf coast of Florida can make it more than a home, it can be an investment in yours and your families future for generations to come.

God Bless you, your family and please click here to take a look at what we can offer you along the gulf coast and panhandle of Florida or Call Now 800-309-3414 Charles Stallions Real Estate Services Inc 139 E.Burgess Rd. Pensacola, Florida 32503

Charles Stallions