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real estate: Home Sales Fall; The Worst Is To Come - 10/02/07 09:42 PM
The report issued by National Association of Realtors on sales of existing homes, in the beginning of the previous week, a report on new house sales during the month of August was issued jointly by the US Department of Housing and Urban Development and US Census Bureau in the end of last week, which shows a significant fall in the sales of new house than what it was in the month of July as well as from August 2006.
According to the report, during August the sale of one-family homes was 795,000 units at seasonally adjusted annual rate. This was less by … (1 comments)

real estate: Want To Sell Buy Owner? - 09/28/07 01:41 PM
Should You Try to Sell By Owner?
The truth is that only about ten percent of owners successfully sell their home on their own. That varies by region and the number goes up a tad for professional real estate investors because they are more familiar with real estate than your average homeowner.
Those that do sell their home successfully usually accept not only a lower price, but they net less than if they had sold it with a professional qualified real estate agent helping them - especially in an uncertain market with high inventory.
Like today.
It would currently take almost nine months to sell … (0 comments)

real estate: Your Down Payment Affects Everything - 09/28/07 01:28 PM
Your First Step Toward Buying a Home
When preparing to buy a home, the first thing many homebuyers do is look at "homes for sale" ads in newspapers, magazines and listings on the internet. Some potential buyers read "how-to" articles like this one. The next thing you should do - before you call on an ad, before you talk to a Realtor, before you shop for interest rates - is look at your savings.
Why?
Because determining how much money you have available for down payment and closing costs affects almost every aspect of buying a home - including how you write your purchase … (0 comments)

real estate: Condo Hotels For Investing - 09/28/07 12:02 PM
The rental revenue is shared with the professional hotel management company. You pay no upfront fees for this management. Instead, the management company takes a portion of the rental income that is generated. Although the revenue splits between owner and management company do vary from project to project, most hover around the 50/50 mark.
Condo hotels are strategically located in luxurious resort settings and premier urban destinations, which command top dollar for the nightly stays and are almost always marked by high year round occupancy rates. This combination of high nightly rental rates and high year round occupancy rates generally create a … (0 comments)

real estate: Your Home's Value is Less Than the Mortgage! - 09/28/07 10:24 AM
For a variety of reasons, it is possible that the total debt on your home may be more than what the home is worth. Most of the time, this isn't a problem because time is the solution. Depending on how much you owe, just wait it out and the value of your home goes up. This solution does not work for everyone though, because some folks are stuck in a situation where they absolutely have to sell their home. This can happen for many reasons, some good and some not so good: relocation, financial hardship, divorce, death, illness, etc.. The result … (0 comments)

real estate: How To Invest In Real Estate - 09/05/07 11:27 PM
The secret to profitable investing in real estate is the ability to see profits where others see problems. Evaluate every potential property with all the possibilities in mind. Think outside the box - don't even consider homes that are in good condition. Homes that don't need immediate renovation are in high demand, and high demand means high sale prices and low profit potential for you. You need to be looking for the homes that no one else wants. Become an area specialist Choose a geographic area to work in and find out everything there is to know - schools, shopping and … (0 comments)

real estate: A Warning to Homebuyers - 09/03/07 01:48 PM
California is in a slumping real estate market, and there are many new homes on the market. Herein lies a potential problem for you if you are looking for a new home in a new subdivision. If you have been paying attention to the marketplace, you might know that some builders are offering fantastic incentives to attract buyers. At this time in many areas, buyers are staying away in droves.
Imagine this scenario for a moment. You are driving around on a Sunday afternoon and you see a subdivision with all new houses and a new golf course. You love the model house you … (4 comments)

real estate: Housing Prices Drop Again! - 09/03/07 07:01 AM
As we move into August, mortgage interest rates are dropping slightly, responding to rising concerns about a softening housing market. Sales of new and existing homes have been dropping sharply over the past two months. That sparked a major drop in stock values in late July.
At the same time, underwriting standards for mortgages, particularly subprime loans, are tightening dramatically. Many lenders are exiting the subprime products arena, especially the formerly popular and risky 2/28 ARM loans - mortgages with a fixed rate for the first two years before reverting to an adjustable-rate loan for the remaining 28 years. However, 2/28 and … (0 comments)

 

Jayson Davis

Corona, CA

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America One Mortgage and Realty

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