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firstime homebuyer: First-time Buyers Lean On The Bank Of Mom And Dad - 02/11/12 07:55 PM

By Jane Hodges - Reuters
 
About a third of first-time buyers in 2011 got either a gift (26 percent) or a loan (7 percent) from their families to help finance their home purchases, down slightly from 2010, but consistent with assistance levels seen during the last decade, according to data from the National Association of Realtors (NAR).
But industry observers think the level of parental generosity is even higher, with some giving children money for home purchases so far in advance of a loan application that the gift isn't disclosed to lenders, or, if they've got the resources, buying homes outright … (3 comments)

firstime homebuyer: FHA Says: Flip That House - 02/08/12 11:43 AM
By Les Christie @CNNMoney
 
 
Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration.
 
In an effort to help stabilize housing prices and unload some of the foreclosures that are flooding low-income communities, the mortgage insurer extended a waiver of its anti-flipping regulations through 2012.
 
The waiver, which was initially issued in 2010 and set to expire this month, suspends regulations that prohibit the agency from insuring mortgages used to purchase homes that are bought and resold in less than 90 … (1 comments)

firstime homebuyer: Elmhurst and Tahoe Park Sales Data - January 2012 (Sacramento, Ca) - 02/06/12 10:31 PM
There were 11 homes sold in Elmhurst and Tahoe Park in the month of January 2012.  That is a decrease from the 19  homes sold in the area in the month of  December  .  Here are the addresses and specific information.

 
 
Currently there are: 13 active listings, 8 active short sales, 11 contingent short sales, and 13 pending sales.
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or … (0 comments)

firstime homebuyer: Compile a Home Inventory with the Right Tools - 01/27/12 10:34 PM

By: Gwen Moran
A home inventory of your belongings for insurance purposes is a relatively inexpensive way to make any future claims go smoother.
Take pictures of your belongings
Photos of your belongings go a long way toward demonstrating ownership and value. Digital photos are preferred, since they're easier to print and store. A decent digital camera costs less than $100. Be sure to get full-room shots, as well as close-ups of items. Don't neglect to photograph possessions inside drawers, cabinets, and closets.
Video is even more convenient and effective, especially since you can record audio along with the images. Describe … (1 comments)