Victor's Blog - Archives January, 2008

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Home Staging Helping Today's Home Sellers - 01/06/08 09:42 PM

In order to sell a home in this market you must have a property that is in good condition and well priced. But one area that is often overlooked is presentation.
Professional home stagers have been receiving more business and have helped increase the likeliness of a home selling. Prospective buyers want … (3 comments)

2008 Real Estate Outlook - 01/06/08 09:38 PM

Another new year has come and we are all looking forward to what it may have in store for us. This is true if you believe in New Year's resolutions or not. This may be especially true for all of the potential homebuyers out there. As most waited out the market … (2 comments)

Simple Tips for Controlling Mortgage Cashflow - 01/06/08 09:36 PM

Since we are in the middle of rising mortgage rates and potential foreclosures, I want to suggest a few ways for folks having cash problems to avoid potential disaster.
The number one rule is not to close your eyes and ignore the problem that you are having. It is best to … (0 comments)

Basics of a Reverse Mortgage - 01/06/08 09:34 PM

Reverse mortgages are starting to grow in popularity. In general the borrower must be over 62 years of age. This type of mortgage allows the borrower to receive monthly cash payments by tapping into their home's equity every month.
The mortgage interest that the borrower will usually pay is added to … (4 comments)

Buyer's leverage increases - 01/06/08 09:32 PM

We have been in a buyer's market for more than a year now. Since the buyer's market began, buyers have gained leverage over sellers in negotiations.
Over the past few months that leverage has grown even more substantial because sales have continued to decline while inventory has risen. The problem now … (0 comments)

Sellers must disclose defects in "as-is" sale - 01/06/08 09:23 PM

In this currrent market, there are a lot of properties listed as "as-is" sales. Many buyers are not clear on the meaning of "as-is" and what it may imply.
Selling "as-is" does not protect a seller who lied about the condition of the property or who concealed huge faults that the … (0 comments)

Refi your Subprime ARM into an FHA Loan - 01/06/08 09:20 PM

Last week, President Bush introduced a plan called the FHA Secure Initiative. This plan will enable homeowners to refinance various types of ARMs that have recently reset, and/or are delinquent into FHA loans. A Federal Housing Authority (FHA) mortgage is a government insured loan. Since it is backed by the government, … (1 comments)

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